All Your Stimmies Belong to Us and More Black Friday Insights with John Rubino #5339

Financial Survival Network

Summary: The markets were down on Black Friday, and I sit down with John Rubino to discuss this phenomenon along with all of the other driving factors in the economy that led to this decline. The markets seemed to be a bit spooked, and they’re back up now, but we could be in for a volatile year. Tune in for more. Highlights: -In terms of the market, everything was down on Black Friday -The ferocity of the decline was quite intense. When a market is this overvalued, however, falls like that are expected -There was a cause for the market tanking, and it was the announcement of the new variant of the virus. This spooked the markets -The markets are back up today -This could be a choppy, volatile year, and Friday’s action seems like it could be the new normal -Germany’s inflation is at a modern record high. The question is, how much further does this have to go for them to make a major decision going forward? -Used cars have become relatively more valuable, and people are feeling pressured to buy houses -The inflationary psychology is turning into an inflationary pathology -When people start to think that the world is inflationary, they start to buy precious metals -Inflation is now as high as it was in the 70s -As we broaden our understanding of crypto and metals, we’ll realize that they’re similar and on the same side of history, but they are not the same asset Useful Links: Financial Survival Network Dollar Collapse Here’s What Will Spook Markets | John Rubino John Rubino: Why Everyone Should Own This