It's Good to Be a Debtor- John Rubino #5303
b'Summary: John Rubino and I catch up on all things in the economy starting with false information in the media\\u2014we are not receiving honest commentary on inflation, which could lead to other problems down the road. Furthermore, we discuss some of the effects of inflation in sectors such as energy, and discuss issues surrounding the Chinese real estate market and what could potentially happen. Highlights: -Is gold going to have its rally? When is it going to happen? -Joe Rogan exposed CNN for giving false information to adhere to their own agenda -The mainstream media is losing popularity and credibility -Attention is shifting from corporate networks to independent journalists -The media has lied about inflation\\u2014these lies can be fatal -$80+ per barrel oil -Heating bills in American homes are predicted to rise -The whole energy complex is in an inflationary spiral -How long does this have to continue before we see it as a psychological market shift? -People are buying things in fear of not being able to get them later at a reasonable price -You need to hold assets that are going to go up -It\\u2019s better to be a debtor in an inflationary period -Developing countries are terrified of inflation in ways that we are not -Labor has the power to start clawing back some of the wealth taken from it -Renting is going to be a really difficult thing to do\\u2014they will be set by people charging as much as possible -The Chinese real estate market is the largest asset class -Chinese real estate and US treasury seem connected \\xa0 John Rubino 10-18-21 Rogan! Americans\\u2019 heating bills to soar up to 50% this winter Oil is over $80 a barrel. Labor flexes its muscle as leverage tips from employers to workers\\xa0 \\xa0(wage inflation) Labor unrest is making a comeback in the USA. Wages going up is a really bad thing as far as the Fed is concerned. Emerging market central banks raising rates because inflation is deadly there (this is big) Potemkin store shelves\\xa0\\xa0https://twitter.com/DonDurrett/status/1449865683324395526?s=20 Renters are getting squeezed. Hedge funds are buying up the available housing stock and will squeeze the renter class. Chinese real estate bubble is bursting, perhaps the largest bubble in history and creation. 75% of household assets are wrapped up in real estate. Useful Links: Financial Survival Network Dollar Collapse'