John Rubino

John Rubino Articles

In that deservedly-famous 2006 CNBC debate between Peter Schiff and economist Arthur Laffer (in which the latter manages to be both arrogant and wrong about literally everything), Laffer celebrates the fact that "we are outsourcing our...
Suddenly, the gold price and silver are good again. In two short months, they’ve morphed from targets of derision to shiny new toys on the financial playground. Not surprisingly, questions have been pouring in from people who kind-of sort-...
It appears that Great Britain might actually do the until-recently-unthinkable, and leave the European Union. The reasons for this dramatic break-up are many, and can be Googled easily enough. For our purposes, suffice to say that traders...
For banks, the recent news is pretty grim. But it's about to get much worse, based on the following: Yield Curve Flattens: Now 10-Year Yields Just 1% More than 2-Year
One of the common transitions that bull markets go through as they age and die is a narrowing of leadership. As formerly strong sectors begin to stall out, investors shift into whatever is still looking good -- that is, whatever still has...
Well that didn't take long. Two weeks of falling share prices and the European and Japanese central banks go into full panic mode. The ECB promised new stimulus -- which the markets liked -- and then BoJ upped the ante with negative...
Critics of today's fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has...
The improbable success of The Big Short, a scathing and hilarious tutorial on making money during a financial crisis, probably has a lot of people thinking that now might be a good time to start betting against the current bubble(s).
On days when lots of financial numbers are released, the normal pattern is for some to point one way and some another, giving everyone a little of what they want and overall presenting a reassuringly muddled picture of the economy.
That didn't take long. A month after the Fed's dreaded quarter-point interest rate hike, the markets tank and then come the talking heads to promise that whatever is bothering traders, Daddy will make it right.

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In 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed U.S. citizens from hoarding gold.