John Rubino, Founder of the Dollar Collapse website and editor of a recently launched newsletter over at Substack, joins us to review some of the macroeconomic trends in motion as it relates to the strength of the underlying economy, corporations, and individuals in the new higher interest rate environment. We discuss possible scenarios that could play out once the Fed pauses their rate hiking cycle, but they along with all other companies and families must still deal with the interest service payments on much higher amounts of debt. If we see a recession or extended contraction worsen due to this backdrop, then it could be the tipping point to bring in more accommodative action from the central banks, without fixing the real issues.
In that kind of a scenario, John feels gold, silver, and the precious metals mining stock will benefit to a larger degree than many other sectors will. We wrap up by getting John’s reaction to the recent news about Nemont Mining (NEM) putting in a bid to acquire Newcrest Mining (NCM.AX), and what it may mean for further mergers and acquisitions in the PM stocks.
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