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Rubino says the monetary masters “tried to fix the financial system but could not do it.”
Adding that:
https://www.zerohedge.com/markets/end-stage-has-begun-rubino-warns-were-past-point-no-return“If you think you are beyond the point of no return financially as an individual, you borrow as much money as you can, and then go bankrupt...Governments in the world are starting to do that now or behaving that way... There is nothing they can do to fix the system.In the U.S., they tried to fix the system and scale back and they found out that is impossible.The central bank in the U.S. cannot raise interest rates without the economy collapsing. . . . So, they basically gave up. . . . They are printing a lot of currency electronically and dumping it into the banking system. . . . The consequence for the currency is to make it less valuable year after year . . . then you get the crackup boom . . . where people just lose faith in the currency because they see the government is going to make it less valuable year after year. So, there is no point in holding that currency as savings. They spend it as fast as they get it.”
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