John Rubino: Is The Great Reset Coming?

The great reset is coming. A monetary reset is backed in the cake. The World Economic Forum in Davos has an initiative called the Great Reset. They're using the pandemic to restructure the global economy. The details aren't completely clear. Stimulus money has been going into RobinHood accounts. Millennials are buying stocks based on name recognition and a cheap price. Day traders are snapping up Hertz Rent-a-Car stock to the point that Hertz is looking at doing an offering, while in bankruptcy. The disclosure document is hoot, informing purchasers that they'll likely be wiped out in the eventual reorganization, because equity holders are seldom left with anything once a Chapter 11 is complete. But in fact, Hertz is a great brand, known for superior service and a positive consumer experience. And if you're a Millennial what else matters?

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's 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 currently writes for CFA Magazine.