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John Rubino – What Happens When the Caretakers Need a Caretaker?

by Kerry Lutz, Financial Survival Network:

John Rubino says that Italian banks are ready to take a dive and no one knows what to do about it and how to stop it. Can you spell bail-in? The models have stopped working and the central bankers don’t have a clue. It’s armageddon for central bankers. They inherited a system that was functioning quite well and turned it into a dystopian nightmare. Where’s John Maynard Keynes when you need him? We’ve taken on so much debt now, that society is so over indebted we can’t get out of our own way. What’s next?

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3 comments to John Rubino – What Happens When the Caretakers Need a Caretaker?

  • Craig Escaped Detroit

    When the caretaker needs a caretaker, we call it “The Undertaker”.

  • Ed_B

    “John Rubino says that Italian banks are ready to take a dive and no one knows what to do about it and how to stop it. Can you spell bail-in?”

    Yes, I can, but that’s not the answer here. Anyone with an IQ above room temp on a chilly morning has long since removed their money from this bank. This is one of their major problems, so there’s no use in trying to fleece the depositors who have long since fled the coop.

    • Craig Escaped Detroit

      Only the smart ones have escaped, while the masses of sheeple huddle together in the “shearing-shed”, waiting to be clipped until they are naked.

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