China & Wall St Meltdown, Buy New Appliances Now w/ John Rubino #5272

<p><strong>Summary:</strong><br /> Today, I have John Rubino on the podcast to update us on all things economy: from real estate to the supply chain, we are seeing a lot of shifts and instabilities that have incurred over time. Evergrande seems to be bleeding over into the rest of China’s immense real estate sector—tampering with the industry as a whole. We also probe into the buying and selling of crypto, and determine that people are less optimistic about it which means we will most likely see an increased interest in gold.</p> <p><strong>Highlights:</strong><br /> -Evergrande is a large Chinese real estate developer. It has been borrowing large amounts of money for the last decade, and it has taken up large amounts of leverage<br /> -Even higher prices, however, are not saving them—they’re giving cheap real estate to their creditors<br /> -This is bleeding over into the rest of China’s immense real estate sector<br /> -The fed is making noises about tapering—we start to see taper tantrums in this circumstance<br /> -Gold is holding its own—it’s actually up a bit<br /> -The supply chain is still in shambles<br /> -We live beyond our means<br /> -Cryptos are getting whacked—they are treated like tech stocks and are risk-on assets that you buy when you’re feeling optimistic<br /> -Bitcoin is being sold off<br /> -This is when gold takes off; the fed starts talking about tapering, which means that easy money will come to an end<br /> -Lumber and iron ore have tanked lately, which means that the picture is getting mixed<br /> -The global economy is slowing down</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></p>