Aristocrats vs “We the People”

We’re stuck with this system, and the biggest financial bubble in human history…

John Rubino interviewed on USA Watchdog by Greg Hunter

Financial writer John Rubino says massive unpayable debt has already bankrupted America, and when this happens, politics are also massively corrupted. Rubino explains, “When you bankrupt your country, your politics are inherently corrupted by that bankruptcy, and that’s what is happening to us. We created a financial system . . . that is run by an aristocracy. It’s not a Right/Left, liberal, socialist or conservative aristocracy. Look at JPMorgan Chase, Google and General Dynamics. Look at Mitch McConnell, the big Republicans and the big Democrats. They are not socialists, and they are not capitalists–they’re aristocrats. They are mainly interested in a system where the rules apply to you and me but do not apply to them. . . . You need to view those guys as Dukes and Duchesses whose main job is to maintain power over the peasants, then their behavior makes complete sense. . . . Seeing them that way makes their motivation and behavior pretty much crystal clear.”

Rubino contends, “This won’t change. You’ve got to have all the peasants grabbing their pitch forks and heading to the castle before it changes. In the meantime, we are stuck with this system, and it has given us the biggest financial bubble in human history. That sounds like hyperbole and click bait, but it’s actually not. If you look at the big financial bubbles we have lived through, junk bond bubble . . . tech bubble and then the housing bubble, they were sector specific financial bubbles where one asset class just blew up. They became the center of a mania, crashed and almost took down the whole economy. We now have at least four and maybe five bubbles of that magnitude all going at the same time. That’s why they call it the ‘Everything Bubble.’ . . . When this thing blows, it’s not just going to be one sector tanking. It’s going to be all the sectors tanking at once. It’s going to be astounding. I wouldn’t want to be Joe Biden when that happens. . . . This is going to be an impossible thing to govern.”

FULL SHOW NOTES AND LINKS HERE

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