In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:
- Zig-Zag Markets
- There's a war going to keep prices propped up
- A Matter Of Desperation
- The central planners are out of tricks
- The Masses Are Getting Angry
- And are turning their ire on those in control
- Our Broken Political System
- Furiously focusing on all the wrong issues
Jim Kunstler returns to share his views on what's ahead in 2019. Like Peak Prosperity, he sees the coming year as one when the forces of reality start to re-exert themselves after a decade of magical thinking.
Those in control of the system have juiced it as hard as they could for as long as they could, and now the limits to that 'extend-and-pretend' era are quickly becoming visible. And the bottom 99% is beginning to realize that not only was the “prosperity” of the post-GFC recovery largely fraudlent, but what there was of it went as spoils to the elites. Expect further social outrage like we're currently seeing in France to boil over into many other countries in the coming months:
Well, my takeaway would be that the players out there, especially in Wall Street, and especially in central banking, understand what the game is that's being played. I'm not entirely persuaded that their motivations were malicious.
by snydeman 
