John Rubino, who runs the great Dollar Collapse website, has been one of TBP’s biggest supporters from the very beginning. He always posts my articles in his Best of the Web section. He and James Turk wrote a great book in 2004. If you had heeded their advice, you would have made a lot of money. They are back with a new book called The Money Bubble. They will be right again, because the facts are on their side. Support John and his efforts by purchasing his new book. He’s one of the good guys.
In their 2004 book The Coming Collapse of the Dollar , James Turk and John Rubino advised readers to bet against the housing bubble before it popped and to buy gold before it soared. Those were literally the two best investment ideas of the decade.
Now Turk and Rubino are back to say that history is about to repeat. Instead of addressing the causes of the 2008 financial crisis, the world’s governments have continued along the same path, accumulating even more debt and inflating even bigger financial bubbles.
So another — even bigger — crisis is coming. Whether it ends up being called a “crack-up boom” or “the End of Paper Money” or “the Second Great Depression,” it will change everything, from the kinds of investments that create new fortunes to the kinds of money that most of us save and spend.
Among many other things, the authors explain:
• How governments are hiding the scope of the problems they face.
• Why the world’s paper currencies will soon stop functioning as money.
• How you can protect your savings from the threats posed by this transition from “unsound” paper currencies to “sound” money like gold and silver.
• How you can actually make money — perhaps a lot of it — during this transition.
“Because the Money Bubble involves the world’s major currencies rather than just a discrete asset class like houses or tech stocks, its bursting will be both far more devastating for the unprepared and far more profitable for those able to understand it and act accordingly. Our goal is to usher you into this small but happy second group.” — James Turk and John Rubino, The Money Bubble
I took his advice and bought stocks after the crash and made a decent profit when I sold.You basically called me a liar and an idiot .Now you want me to do it again ?
Matslinger –
Your book sounds very cool. Is there any way you have it available for download? I’d be willing to trade you a few electronic zeros and ones if you have a place to download it.
Thanks,
Tim
Salud
Gold and silver may have their day in the sun again, but what if you trade your U$D for gold at $1200 and silver at $20 and gold drops to $400 or $100 while silver drops to $2.50 and you desperately need cash to pay for groceries and heat the house?
Few people pounding the table on this subject today seem to recall that every one of these arguments was used from 1981 to about 1995, a period when holding the metals was a financial disaster.
If there’s a money bubble today (and I think there is), then prices for stuff are too high and the popping of the bubble would logically mean a shortage of money ensues.
If gold went to $400 or $100 in a deflationary cycle, the price of all other commodities will have fallen as well. Gold has more portability than other commodities.
On the other hand, if hyperinflation sets in, then gold will soar.
The third alternative is that the global elite will replace the $ with a global fiat currency, and continue to manipulate commodities, the same way they manipulate everything else. The fiat dollar has nearly turned the US into a police state, to maintain status quo, it’s difficult to imagine what a fiat global currency will usher in. To do that, they will have to crash the dollar. Commodity prices will continue to be suppressed, but retail prices for consumers will soar.
I think the issue is the manipulation of commodities by the global elite, the 400 individuals which control nearly all of the world’s resources, and won’t be satisfied until they control the rest. That’s the direction we’re headed. Money is irrelevant, power and control is everything to them. Their greed is insatiable, to detriment of all.