Posts Tagged ‘The Collapse of the Dollar and How to Profit From It’

Conversation with John Rubino

Conversation with John Rubino  

John Rubino John Rubino is the co-author, with GoldMoney’s James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for CFA Magazine and manages and edits the terrific websites DollarCollapse.com and GreenStockInvesting.com.
 

“This is the end of a long era and the beginning of another that is not going to be nearly as nice.” John Rubino

 
Our first conversation was on the phone, the day Ben Bernanke was named “Person of the Year” by Time Magazine
 
Ilene: So what do you think of Ben Bernanke winning the Time’s person of the year award?
 
ben bernanke, person of the year, timeJohn: First, this was obviously a lame year – not much competition. Second, it’s a great negative indicator, like Time’s “Home Sweet Home” edition just prior to the housing collapse. Ben Bernanke is part of the old monetary order, in which it was acceptable to create paper money in infinite amounts to finance a growing government. The peak of his popularity coincides with the end of the system he helped design.
 
Ilene: Do you think Bernanke will get reappointed?
 
John: Oh yes, he fits the times perfectly. Most of the people in charge think he did a great job. He’ll be reappointed and he and Alan Greenspan will be identified with the future crisis, they’ll be the guys who are in the history books as the Fed Chairmen who ran us off a cliff. And it couldn’t happen to two nicer guys as far as I’m concerned.


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