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"... As consumers pile on debt, they are unprepared for what could happen at any time. "
NEW YORK, NY, April 23, 2019 /24-7PressRelease/ -- Money Answers Show host, Jordan Goodman, invited John Rubino, manager of the popular website DollarCollapse.com and author of several books including The Money Bubble: What To Do Before It Pops, to his weekly podcast to discuss Rubino's perspectives and insights into the current national and global economies and why Rubino believes that precious metals offer stability in times of rapid change and crisis.
Money Answers Show episode, "The Money Bubble with John Rubino" delves into the complacency that happens right before a financial crisis. As consumers pile on debt, they are unprepared for what could happen at any time. Rubino states:
"Consumers are as indebted as they've ever been as well...you get a society that can't handle any kind of an external shock. That causes people to get a little nervous and stop borrowing money or to try to pay off their debts which will send the economy into a tailspin."
This applies not only to individual consumers, but to corporations and governments who have borrowed so much that they are at a point where any major crisis will send them over the edge.
Spending is as much psychological as it is physical spending. It is called the "wealth effect". When you feel richer, you spend more, and help to boost the economy. In reverse, if your stocks are down you are more hesitant to spend with borrowed money. When this happens across a society it can lead to a recession.
Rubino recommends investing in gold and silver to maintain some stability in order to protect yourself from market swings and potential financial crises that can occur.
For more information on how to ensure your portfolio is protected against the unknown financial upsets ahead, listen to "The Money Bubble with John Rubino" and other great podcasts from the Money Answers Show.
You can listen to The Money Answers Show with Jordan Goodman live every Monday 12 p.m. PST; 3 p.m. EST. or download the podcast on iTunes, Stitcher, or wherever you get your podcasts. You can also catch Goodman on Money Answers TV. If you're looking for additional information on financial topics, you can read Goodman's books on everything from repaying your student loans to real estate.
Jordan E. Goodman is "America's Money Answers Man" and a nationally-recognized expert on personal finance. He is a regular guest on numerous radio and television call-in shows across the country, answering questions on personal financial topics. He appears frequently on The View, Fox News Network, Fox Business Network, CNN, CNBC, and the CBS Evening News. He is the author/co-author of 13 best-selling books on personal finance including "Master Your Debt Fast Profits in Hard Times," "Everyone's Money Book," "Master Your Money Type," "Barron's Dictionary of Finance and Investment Terms and Barron's Finance and Investment Handbook." Jordan is also a speaker and seminar leader on personal finance topics for business executives, students, associations, investment clubs, employees and others. For more information, please visit https://www.moneyanswers.com.
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