John Rubino Predicts Upcoming Chaos and Shrinking Trust Horizon
John Rubino, an analyst and financial writer, has been warning of an impending financial crisis for a long time. He believes that the ongoing wars in Ukraine and the Middle East are a clear indication that chaos is imminent.
Impending Chaos
Rubino asserts that the current global situation is not easy to rectify. He suggests that if there is any resolution, it will come through chaos. He anticipates an interesting decade ahead, unlike anything seen in our lifetimes. The last time something of this magnitude happened was during the Great Depression.
Shrinking Trust Horizon
Rubino also discusses the concept of a "shrinking trust horizon." He explains that when everyone appears to be lying, people tend to trust only those closest to them, such as their city councilman, mayor, or local farmers. This lack of trust extends to all aspects of life, including healthcare. Rubino cites several instances where the government has been accused of lying, such as the "weapons of mass destruction" claim that led to the Iraq war, the Trump/Russia collusion, and the handling of the CV19 pandemic.
Government Incompetence and Corruption
Rubino also comments on the aftermath of Hurricane Helene in North Carolina and Tennessee. He suggests that people are realizing they have been lied to and are losing trust in the government. He believes that the government's incompetence and corruption are causing the trust horizon to shrink everywhere.
Impending Market Crash
Rubino warns of several sectors of the economy that are quietly facing significant trouble and losses. He believes that an attack by Israel on Iran's nuclear sites could trigger a total market crash. He predicts that such an event would have numerous unintended consequences, possibly leading to a market crash larger than those of 2008 and 2009.
The Catalyst for Chaos
Rubino suggests that an attack on Iran's nuclear facilities could be the catalyst for the predicted chaos. He warns of the potential for a domino effect, with commercial real estate, residential real estate, government bonds, and derivatives all collapsing. He believes that such a situation could rival the Great Depression.
Survivable Chaos?
Rubino hopes that the impending chaos will be survivable, but he admits he is unsure if it will be. He believes that the current political climate, with Trump suggesting Israel should bomb Iran's nuclear facility and Biden acting as a figurehead for neocons who want WWIII, is a recipe for disaster.
Bottom Line
John Rubino's predictions paint a bleak picture of the future, with impending chaos and a shrinking trust horizon. Do you agree with his views? Do you think we are on the brink of a financial crisis unlike any other? Share your thoughts and this article with your friends. You can also sign up for the Daily Briefing, which is delivered every day at 6pm.
