John Rubino, in an interview with Chris Martenson stated:
At some point out there, the whole concept of fiat currency, of governments in charge of their own monetary printing presses is going to be discredited.
Before that happens, Rubino expects much more devaluation of the dollar, although he is cautious about the (temporary) end of quantitative easing. Short-term that could create a downdraft in everything. Longer-term QE will be reinstated in some form or another which is the basis for his bullishness on precious metals:
Over the long-run I think you could easily see $10,000 gold and several hundred dollars silver. That is not saying they got any more valuable in the meantime. It just means that the dollar was debased by that amount in that time. Clearly that is what we are headed for.
The interview/conversation between these two individuals is important because both were early in recognizing the imbalances in the economy and the unsustainability of the then present course. When people say, “Who could have seen this coming?”, two of the people that definitely did and went on record to that effect were Rubino and Martenson.
Read their full exchange here.
