"We've Created A Class Of People Who Are Effectively Grifters" - Rubino Rages At US Govt's "Big Money-Laundering Operation"

Financial analyst John Rubino warned of impending chaos last October, which has now arrived in the form of various scandals and government corruption. Rubino believes that government officials will continue to try to maintain the flow of cash to themselves and their allies. He describes the federal government as a massive money laundering operation that funnels cash to political operatives, the political class, and the "expert" class. This system has created a class of people who are essentially grifters, contributing little to society. The current debt and currency creation are spiraling out of control, leading to a death spiral point for the dollar and other fiat currencies. Rubino suggests that the Trump Administration, which contains many gold bugs, may be smart enough to implement a monetary reset, returning to a gold standard or commodity-based standard. This would devalue the dollar, but gold would increase in value, potentially to $10,000 per ounce or more. Rubino predicts that Europe is headed for war or civil war, which would lead to the collapse of the Euro. He advises individuals to focus on owning real assets such as farm land, gold, silver, and a good vehicle, as well as preparing for emergencies with food and a garden.