I'm truly am hoping for a market crash. Why?
Because a rising market wrongly signals to people that everything's OK.
In fact, I believe that it's precisely this psychological benefit that explains why central authorities work so diligently to keep equity markets elevated.
They are afraid, very afraid, of what will happen when confidence wanes. Of how far prices could fall in order to reflect the underlying fundamentals.
Instead of telling us anything useful about the future, equity and bond markets are mainly telling us how much farther “investors” (speculators, really) think central banks are willing to go in their increasingly distorting efforts to prop everything up.
A falling market — and a market crash, especially — would grab people’s attention and alert them to the idea that everything is not fine. That it’s time to begin confronting the various predicaments that face us.
We desperately need to have new national and global conversations about everything from how we’ll feed everyone in 2050, to developing a coherent sustainable energy policy, to the fact that each year is hotter than the year before, to the idea that we’re living with a soul crushing sense of scarcity in a world of abundance.
There’s lots that needs addressing, and the process should begin with letting go of the old narrative so that we can make space for assembling the new one.
Constantly propped equity markets short-circuit that conversation.
And that’s why I'm hoping for a market crash.
Up The Ladder
We need to have a new conversation. One with more people involved and new ideas that can better get past the old guard’s defenses.
What kind of conversation is that? The one that uses facts, common sense and reason to make the point that we'd better begin doing things differently — or else we’ll end up in a major calamity: another world war, a famine, an ecological collapse, a financial collapse — or some combination of all of those at once.
For whatever reason, more people are willing to pay attention to the facts on the ground when the tiny market index numbers on their computer screens turn a deep shade of red. I don’t know why that should be the case, but that’s been our long-time experience here at Peak Prosperity.
by darcieg76 
