As governments increase their debt, servicing that debt becomes a bigger and bigger problem. So, are we close to such a seminal breaking point? Dangerously close, concludes monetary historian and DC founder John Rubino…
That’s especially true if the pile of debt is growing much faster than the underlying economy, which has been the case for decades. This forces central banks to print more new currency in order to enable their governments to handle the debt service payments. But once inflation starts becoming an intractable problem & interest rates can no longer be suppressed, the system breaks. History is clear on this. So, are we close to such a seminal breaking point? Dangerously close, says John Rubino. Adam Taggart and John dig into the reason why, as well as what steps regular investors can consider taking today before that breaking point is reached to protect their wealth.
John Rubino is co-author of the book The Money Bubble along with James Turk.
Free Report: Top 5 Gold Stocks for a Bear Market
There’s still plenty of upside ahead for gold stocks.
Goldman Sachs says gold could run to $2,500 by the end of the year-especially with fears of a potential recession. And, according to Jeff Currie, Goldman Sachs global head of commodities research, as quoted by Bloomberg, “It’s a perfect storm for gold right now.”
So, where should we invest? Try these.
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