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Currency crash

Finally, the bubble finds a pin

by Chris Martenson

For years, Peak Prosperity has been raising a loud warning of the ‘Everything Bubble’ that the world’s central banks have blown in global asset prices.

Over that time, we’ve debated with hundreds of economic experts on what will be the trigger to ‘pop’ this mania.

Well, now we’re finding out.

The economic damage being wrought worldwide by the coronavirus is the black swan the system never saw coming. Trade is being strangled, and the necessary productivity needed to support that massive increase in global debt that has been taken on over the past decade is just not there.

Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries—like travel, hospitality, and the shale oil drillers—this will be an extinction-level event for many players.

As ugly as the swift -19% drop in markets from February’s highs has been, this is just the start of the reckoning, folks.

To give you a clear understanding what to expect during the bursting of the largest asset bubble in world history, Chris rushed to record this interview with John Rubino, author of The Money Bubble.

9 replies on “Finally, the bubble finds a pin”

I have been praying for years for this to happen !
This is the beginning of the turnaround. Lots of people will leave the planet in the coming years.

Now only the people who are creative and will commit themselves to a strong social coherence will be able to face the challenges and stop the rot of humanity.

I would be more cautious. The window of opportunity will indeed be opened. How ridiculous the pessimists now sound who were repeating their demoralizing mantra on this site, ‘Nothing will happen’!

What is happening is only the gradual opening of a window of opportunity. After the real crash, racially-conscious whites will have to put their shit together as the population transits from happy mode to angry mode.

Your formulation is indeed a bit more mature, in the sense that racially-conscious whites will have to put their shit together, but we can not take that for granted.
Loyalty and self-preservation are the highest values today.

The stock market is NOT the economy. The stock market is a mean of extracting wealth from workers/ From the productive. STOP scammed by the Heebs.

I am not saying that the dollar has already crashed, only that this is the first step in that direction. And what happened to Hunter Wallace where you comment (he has not posted anything for days)?

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