21 Minutes, 22 Slides
Join John Rubino and Gordon T Long as they discuss John's new book which he co-authored with James Turk.
In Part I of this two part series John Rubino explains why the Money Bubble has not burst.
Why Hasn't The Money Bubble Burst?
John's explanation involves an understanding of the following, which he expands on:
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The Money Bubble is about smaller bubbles within a much larger bubble,
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All the recognized Long Wave Cycles have not been invalidated but rather reinforced,
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2000 would have seen the collapse in a non-Fiat Currency based world,
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The New Fiat World is presently making the inevitable even more dangerous,
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The world will be completely different after the coming burst,
Financial Assets to Real Assets
In Part I John discusses how the new world that is emerging will be world of real assets not financial assets.
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Financial Assets are predicated on promises being fulfilled,
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Real Assets are inherent wealth without obligations.
In the new world, promises will no longer be trusted as they naively are today. Risk matters!
Scenarios
The MONEY BUBBLE outlines:
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A shrinking trust horizon
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A Crack-up boom
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Currency Wars
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A Variable Rate World death spiral
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Peak complexity and catastrophic failure
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Debt Jubilee
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Cyber War
Video: Money Bubble Part I
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