John Rubino

Total Merchant wholesalers

How Did We Get 2016 So Wrong?

Go through the late 2015/early 2016 articles published on this and similar sites and you’ll find a consensus that 2016 was going to be a really bad year. Corporate ... Read More

Gold: Getting There A Little At A Time

One of life’s hardest-to-learn but most necessary lessons is that things usually take a lot longer to work out than you’d like them to. That’s where the sayings “Being ... Read More
A two Euro coin is pictured next to an English ten Pound note in an illustration

Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold

Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The ... Read More

Don’t Sweat The Election. The Next Crisis Is Already Baked Into The Cake

Friday was one of those days where you walk away from the screen for a minute and come back to find a completely different market. All it took was ... Read More

This Is What Gold Does In A Currency Crisis, Brexit Edition

  In June the UK shocked the world – or at least the world’s elites – by voting to pull out of the European Union. Economists predicted disaster, EU ... Read More
GOLD bars

More Good News For Gold Bugs: The Bottom Is Getting Closer

In the latest gold and silver commitment of traders (COT) report (click here for an explanation of what this report involves), paper players made big strides in bringing the ... Read More

World Gone Mad, Part 2: “Perpetual Preferred”

Towards the end of a credit bubble, ideas that might have seemed crazy in more boring times are not just accepted but embraced by investors desperate to keep the ... Read More
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World Gone Mad, Part 1: “Huge Demand” To Lend Italy Money For 50 Years

    You read that right. Not only is Italy selling 50-year bonds, but people are lining up buy them. Italy’s first 50-year bond sale had huge demand (Reuters) ... Read More
fed - reserve

Can You Imagine The Fed Raising Rates In This World? Bank Bail-In Edition

I know it’s bad form to express sympathy for the people running the world’s central banks. But come on, they’re human beings in an impossible spot with no idea ... Read More

It’s Not Just Deutsche Bank. The Entire Financial Sector Is Sick

These are great times for financial assets — and by implication for finance companies that make and sell them, right? Alas, no. Just the opposite. Each part of the ... Read More