As Our Economy Drifts into Bankruptcy and Financial Crisis, So Does Trust - John Rubino #5286

Summary: As our economy drifts into bankruptcy and financial crisis, we are experiencing a widespread loss of trust. I sit down and chat with John Rubino to dissect this, and it seems that we are within a system and cycle that isn’t working so well anymore. We discuss tax changes, healthcare issues, debt, and some of the factors that are ultimately creating a larger controversy. Highlights: -There has been a major loss of trust—people are perceiving things as either dishonesty or incompetence as we drift into bankruptcy and financial crisis -Don’t try to change the system; leave it -The US and Europe are tax havens in some areas -New York is letting go 70,000 unvaccinated healthcare workers, which is going to create a massive shortage in healthcare workers -When interest rates goes up, that means that market participants demand them to go up before lending money to anyone -The yields on US government debts are starting to rise in response to inflation -Other countries have to pay more to borrow—dollar denominated debt -Many small problems will eventually create a larger energy crisis -Energy and food are quite closely related -Water is also skyrocketing in price—requires energy to get delivered to your home Useful Links: Financial Survival Network Dollar Collapse ‘Pandora papers’ reveal how world leaders dodge millions in taxes    NY deploys National Guard to replace 70,000 unvaccinated health workers  Facebook’s covid fact-checker is funded by vaccine lobby   $2.2 million raised for Marine in brig after criticizing Afghan chaos Look at all the millionaires in Congress  (1% of Americans are millionaires, but 50% of congressmen are) Fauci says ‘too early to tell’ if Americans can celebrate Christmas   If we have time ... Specter of Treasury rout comes at grim time for emerging markets Ford’s sales improving but still down by 27.4% in the third quarter German power plant halted after it runs out of coal Evergrande crisis drives China gold buying higher   India’s gold imports surge as prices correct ahead of festivals