John Rubino is concerned that automation and government debt will lead to a collapse of the current system, and suggests that people should move their money into assets that cannot be inflated away. He also suggests shorting certain stocks and buying long-term options as a way to make money from the collapse. Kerry Lutz suggests using inverse ETFs and buying puts on the Housing Homebuilders ETF as other ways to make money. He also mentions a drug, Amg tide, that could help people with addictions to consumerism.
John Rubino and Kerry Lutz discuss the potential implications of a drug that could cure addiction, including the potential for a global depression, a universal basic income, and a civil war between the boomers and the millennials. They also discuss the Bilderberg Group and the possibility of Elon Musk being co-opted or assassinated.
John Rubino believes that leading economic indicators are flashing red, predicting a major recession coming, and that commercial real estate is a mess. He also believes that China's Belt and Road initiative has resulted in them taking over infrastructure in the developing world, and that the US has a history of exploitation and economic imperialism.
Debt limit drama is ridiculous. They do this every time. The ultimate Kabuki. The limit has been raised 78 times by both parties.
Lots of signs of a slowing economy
-- Leading indicators index is in pre-recession territory.
-- Commercial real estate continues to crater.
-- Home sales are down 23% year over year.
-- Home Depot just reported really bad numbers.
US might send fighter jets to Ukraine. Major escalation.
Gold and silver are down. Is this the end of the run or just a correction
NYC lost 5.3% of its population — nearly a half-million people — since COVID, with most heading South
Bilderberg Group meeting underway in Lisbon includes heads of ChatGPT creator OpenAI, Pfizer, Microsoft, Goldman Sachs and… Stacy Abrams
Overseas, China springs ..