Chris Martenson
Executive Summary
- Why the debt market is the powder keg that will blow things sky-high
- The most dangerous asset bubbles to watch and avoid
- The implications of a collapse in the bond market
- Where will money then go?
If you have not yet read Part 1: Hell To Pay available free to all readers, please click here to read it first.
Economic Deformations
The big problem with central bank policies, besides driving the largest wealth and income gaps in all of recorded history, is that they’ve massively deformed the financial and economic landscape.
Too-cheap money has distorted just about everything, and has badly warped corporate incentives. There’s literally no place one can look and not find an economic or financial distortion. “Gains” (such as they are) have gone to holders of financial assets, and corporations have opted to buy back their own shares and to not re-invest in property, plant, equipment or people.
All of this will work right up until the day it doesn’t. And then we'll experience a financial and economic crisis likely to be the largest we ever live through.
And these distortions are not only everywhere, but they are all at record levels. As in never higher in human history.
Just looking at the corporate data alone ought to scare the pants of off every investor on the planet. As the chart below makes clear…
Prepare For The Global Deflationary Deluge
PREVIEWExecutive Summary
- Why the debt market is the powder keg that will blow things sky-high
- The most dangerous asset bubbles to watch and avoid
- The implications of a collapse in the bond market
- Where will money then go?
If you have not yet read Part 1: Hell To Pay available free to all readers, please click here to read it first.
Economic Deformations
The big problem with central bank policies, besides driving the largest wealth and income gaps in all of recorded history, is that they’ve massively deformed the financial and economic landscape.
Too-cheap money has distorted just about everything, and has badly warped corporate incentives. There’s literally no place one can look and not find an economic or financial distortion. “Gains” (such as they are) have gone to holders of financial assets, and corporations have opted to buy back their own shares and to not re-invest in property, plant, equipment or people.
All of this will work right up until the day it doesn’t. And then we'll experience a financial and economic crisis likely to be the largest we ever live through.
And these distortions are not only everywhere, but they are all at record levels. As in never higher in human history.
Just looking at the corporate data alone ought to scare the pants of off every investor on the planet. As the chart below makes clear…
In this week's podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy:
Michael Pento: The Coming Bond Bubble Collapse
In this week's podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy:
IIn this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- We Increasingly Live In A Paradox World
- What we're told increasingly doesn't match what we see
- The Politicized Fed
- The evidence is clear the Fed definitely follows a political agenda
- The War On Cash Intensifies
- Ken Rogoff's "less-cash" proposal
- The Peril Of Underfunded Pensions
- A time bomb ticking loudly…
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Off The Cuff: Paradox!
PREVIEWIIn this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- We Increasingly Live In A Paradox World
- What we're told increasingly doesn't match what we see
- The Politicized Fed
- The evidence is clear the Fed definitely follows a political agenda
- The War On Cash Intensifies
- Ken Rogoff's "less-cash" proposal
- The Peril Of Underfunded Pensions
- A time bomb ticking loudly…
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Following on our recent podcast with Sebastian Junger about our shared evolutionary programming for tribal living, this week Chris meets with community-building experts Bill Kauth and Zoe Aloman, co-authos of We Need Each Other.
Many PeakProsperity.com readers know that Chris has long found value in his weekly men's group. That group spawned out of the ManKind Project, which Kauth helped found back in the 1980s.
In this week's podcast, Chris, Bill and Zoe discuss the best practices and critical success factors for how to create tribal ties in our own communities. The work is not easy, but nor is it impossible. And it is incredibly rewarding.
For those looking to develop more Social Capital in their lives, this will be a particularly relevant interview to listen to.
Kauth & Alowan: Why We Need Each Other
Following on our recent podcast with Sebastian Junger about our shared evolutionary programming for tribal living, this week Chris meets with community-building experts Bill Kauth and Zoe Aloman, co-authos of We Need Each Other.
Many PeakProsperity.com readers know that Chris has long found value in his weekly men's group. That group spawned out of the ManKind Project, which Kauth helped found back in the 1980s.
In this week's podcast, Chris, Bill and Zoe discuss the best practices and critical success factors for how to create tribal ties in our own communities. The work is not easy, but nor is it impossible. And it is incredibly rewarding.
For those looking to develop more Social Capital in their lives, this will be a particularly relevant interview to listen to.
In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- Should The Central Banks Just Buy Everything?
- Is that the plan? What would happen?
- Turning Japanese
- Japan is leading the way by monetizing all its assets
- Putting The Fed On Trial
- Chris fantasizes about holding up the mirror of truth to power
- The Next Interest Rate Move
- Up or down?
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Off The Cuff: Should The Central Banks Just Buy Everything?
PREVIEWIn this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- Should The Central Banks Just Buy Everything?
- Is that the plan? What would happen?
- Turning Japanese
- Japan is leading the way by monetizing all its assets
- Putting The Fed On Trial
- Chris fantasizes about holding up the mirror of truth to power
- The Next Interest Rate Move
- Up or down?
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
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