The Great Housing Bust of 2021-22 - John Rubino #5175

<p>Home Housing bust on the way. John’s builder had an amazing story to tell. 6-12 months ago he was doing record business. Half of his customers have put their project on hold. He’s working just as hard re-pricing projects and passing on the bad news to his buyers. Housing prices have blown through the affordability level and it’s quite possibly game over. The price of materials has gone parabolic.<span class="Apple-converted-space"> </span></p> <p>Used car prices have almost doubled in the past two years. Why? Easy money! When your Lexus</p> <p>US Mint admits there’s a global silver shortage. How could this be? We’ll see exactly what that means. Coin dealers are charging outrageous premiums, is that a sign? Gold and silver prices should be going up.<span class="Apple-converted-space"> </span></p> <p> </p> <p>Rumor that Russia was going to announce a gold-linked ruble but the BIS talked Putin out of it. The results could be disasterous for Russia’s exports. Competitive devaluations have been the norm.<span class="Apple-converted-space"> </span></p> <p> </p> <p>Basel III is looming. Will it be watered down or postponed? When will the bullion banks die already? They’re still here today. Maybe Russia’s threat of a gold-backed ruble forced Basel III.<span class="Apple-converted-space"> </span></p> <p> </p> <p>Biden’s budget is immense $6 trillion and it’s been met with a big yawn. Governments have given up on any semblance of fiscal sanity. We’re getting closer to falling off the ultimate financial cliff.<span class="Apple-converted-space"> </span></p> <p>Digital euro taking shape</p> <p><a href= "https://www.ekathimerini.com/news/1162157/eu-set-to-unveil-plans-for-bloc-wide-digital-wallet-ft/"> https://www.ekathimerini.com/news/1162157/eu-set-to-unveil-plans-for-bloc-wide-digital-wallet-ft/</a><span class="Apple-converted-space"> </span></p> <p>Digital currencies will foster in total control and tracking of every transaction. Is a dictatorship being implemented.<span class= "Apple-converted-space"> </span></p> <p>P