John Rubino

John Rubino Articles

Pretend you’re running a corrupt government and something big and scary happens in another part of the world. Brexit, for instance. You’re quite naturally worried about the impact on your local economy and political system. What do you do?
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible by steady economic growth and general global stability. Here’s a representative piece of reporting from...
Now the real ‘fun’ begins. Last night Britons voted to leave the European Union, sending shock waves around the world -- though not directly or immediately threatening the concept of European integration.
Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of government spending — would produce sustainable growth with modest but positive inflation. And for a while it...
China's historic post-2009 debt binge flew largely under the radar -- fooling most observers into thinking the global economy was recovering rather than just re-leveraging.
These are shockingly bad times for big banks, especially when you consider that the overall economy is supposed to be fairly healthy. The latest example is Germany’s Deutsche Bank:
First it was the banks reporting horrendous numbers - largely, we were told, because of their exposure to recently-cratered energy companies. Now it's Big Tech, which is a much harder thing to explain. The FAANGs (Facebook, Apple, Amazon,...
Coming into this corporate earnings season, everyone seemed to expect disappointment. But they thought it would come from the energy sector and the banks that had lent that sector way too much money (see Goldman Sachs is a flattened slug).
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, "Well, if they're not manipulated they're the only market that isn't."
Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek's story: How does $40M of Gold and Silver Disappear: The Collapse of Tulving Company

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USA has the world’s largest holdings of gold: 8,134 - representing 77% of its Total Foreign Reserves.