AMA 117 - What's Happening with the World's Debt with John Rubino

John Rubina is a second time guest and sits down with Jason to talk about the economy and the huge money bubble that's happening right now. John is the author of Money Bubble: What to Do When It Pops and he talks a little bit about his book on the show. John and Jason sit down to talk about Switzerland's economy, what's happening with China, and much more on today's AMA show. 

 

Key Takeaways:

2:00 – Germany is currently paying negative interest rates on bonds. How is that possible? 

5:15 – So many people want to open banks in Switzerland that the Swiss are telling customers that they have to pay them instead of vice verse. 

10:05 – Governments are keeping negative interest rates in order to stop a financial collapse. 

19:30 – If you add up all the debt in the US right now, it comes out to about $2 million per family. 

25:45 – The US can use their military power to get what they want, but at the end of the day there's no reason why China and India need US dollars to trade. 

32:15 – Since the 2008 crash, the world has taken on 57 trillions in new debt.

36:10 – Jason and John talk about the benefits of owning property. 

 

Mentioned In This Episode:

I Like Local

Car2Go

http://www.businessinsider.com/housing-recovery-about-renters-2015-3

DollarCollapse.com 

The Oil Card by Jim Norman