from Kerry Lutz's Financial Survival Network
John Rubino is is concerned that automation and government debt will lead to a collapse of the current system, and suggests that people should move their money into assets that cannot be inflated away. He also suggests shorting certain stocks and buying long-term options as a way to make money from the collapse. Kerry Lutz suggests using inverse ETFs and buying puts on the Housing Homebuilders ETF as other ways to make money. He also mentions a drug, Amg tide, that could help people with addictions to consumerism.
John and Kerry discuss the potential implications of a drug that could cure addiction, including the potential for a global depression, a universal basic income, and a civil war between the boomers and the millennials. They also discuss the Bilderberg Group and the possibility of Elon Musk being co-opted or assassinated.
John believes that leading economic indicators are flashing red, predicting a major recession coming, and that commercial real estate is a mess. He also believes that China’s Belton Road initiative has resulted in them taking over infrastructure in the developing world, and that the US has a history of exploitation and economic imperialism. Debt limit drama is ridiculous. They do this every time. The ultimate Kabuki. The limit has been raised 78 times by both parties.
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