John Rubino – Which Way is Up? (Podcast)

John Rubino – Which Way is Up?

John Rubino joined us today for a look at Trumpian Economics and Trumpian America. Making America great again is all well and good. But there’s a number of problems standing in the way of that lofty goal, $20 trillion of them. How will Trump handle the debt? Is there anything he can really do? Where are we heading?

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The opaque derivatives market is the problem. Once something gets moving through this market it will be almost impossible to stop. The daisy-chain of interconnectedness is on such a scale that a handful of derivatives could set the banking system ablaze. When you are talking about $700+ trillion of “financial instruments” going belly up the whole world has a problem.

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Financial Survival Network

Kerry Lutz has been a student of Austrian Economics since 1977. While attending Pace University, he stumbled upon an extensive cache of Austrian Economic Literature in a dark, musty, abandoned section of the school’s library. After graduating from The New York Law School, he became an attorney and life long serial entrepreneur. His diverse career has included: running a legal printing company, practicing commercial law and litigation and founding a successful distressed asset investment company.