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Off The Cuff: Moral Hazard

The culprits (banks & corps) are protected from their crimes
Friday, July 20, 2018, 11:43 AM
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In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Moral Hazard
    • We've unwisely insulated the banks from the repercussions of their actions
  • The Protected Class & Rising Populist Anger
    • In many ways, the elite today are above the law. And public resentment is brewing.
  • Global Debt Is Accelerating
    • Wherever the breaking point is, we're now going to hit it sooner
  • The Coming Tech Wreck
    • Faith in the FAANGs is higher than ever. That's dangerous.

By insulating the players from the consequences of their actions, we've created the incentive to take extreme risk in the puruit of extreme profit. Why shouldn't the banks manipulate the system if their worst punishment is a weak slap on the wrist?

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About the guest

John Rubino

John Rubino is the manager of DollarCollapse.com and co-author, with GoldMoney’s James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

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