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

<p><strong>Summary:</strong><br /> 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.</p> <p><strong>Highlights:</strong><br /> -In terms of the market, everything was down on Black Friday<br /> -The ferocity of the decline was quite intense. When a market is this overvalued, however, falls like that are expected<br /> -There was a cause for the market tanking, and it was the announcement of the new variant of the virus. This spooked the markets<br /> -The markets are back up today<br /> -This could be a choppy, volatile year, and Friday’s action seems like it could be the new normal<br /> -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?<br /> -Used cars have become relatively more valuable, and people are feeling pressured to buy houses<br /> -The inflationary psychology is turning into an inflationary pathology<br /> -When people start to think that the world is inflationary, they start to buy precious metals<br /> -Inflation is now as high as it was in the 70s<br /> -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</p> <p><strong>Useful Links:</strong><br /> <a href="https://www.financialsurvivalnetwork.com" target="_blank" rel="noopener">Financial Survival Network</a><br /> <a href="https://www.dollarcollapse.com/" target="_blank" rel= "noopener">Dollar Collapse</a><br /> <a href= "https://www.financialsurvivalnetwork.com/2021/11/heres-what-will-spook-markets-john-rubino/" target="_blank" rel="noopener">Here’s What Will Spook Markets | John Rubino</a><br /> <a href= "https://www.financialsurvivalnetwork.com/2021/11/john-rubino-why-everyone-should-own-thi