Analyst and financial writer John Rubino says we are in a “debt and death spiral” that will force dramatic changes on the world.
Rubino explains, “The debt spiral part of this means things from here continue to get worse and worse for the big currencies of the world until they die…”
” In other words, until people lose faith in them, refuse to use them and hold them anymore until their value falls to their intrinsic value, which is zero. That manifests to hyperinflation. The value of the currency falls as opposed to the things you buy with it…
Things feel basically okay for a long time as long as governments could force interest rates down to really low levels. The side effects of that are massive money creation and, eventually, inflation. That’s what we are dealing with now. So, here we go. Welcome to the end game for the world’s big currencies.”
Rubino contends things have gotten so out of control that there is no stopping what is coming. Rubino says, “We are in the part of the cycle now where things just get worse, and there is nothing we can do about it…”
www.zerohedge.com/markets/welcome-endgame-rubino-warns-everyones-about-realize-theres-no-fix