John Rubino's Substack

John Rubino's Substack

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John Rubino's Substack
John Rubino's Substack
Welcome To the Death Spiral
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Welcome To the Death Spiral

It took way longer than it should have

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John Rubino
Feb 02, 2023
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John Rubino's Substack
John Rubino's Substack
Welcome To the Death Spiral
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Gold bugs and other long-suffering critics of fiat currency and endless credit expansion have for decades been predicting that soaring debt would eventually blow up the financial world. As the story went, governments with unlimited printing presses would spend and borrow too much, forcing their central banks to keep interest rates unnaturally low to mak…

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