In this week’s Off The Cuff podcast, Chris and John Rubino discuss:
- Australia Is Burning
- The impending shale oil bust
- Central banking desperation
- The PP May 2020 seminar
The evidence is now impossible to refute: the Economic, Energy & Environmental predicaments this site has been warning of for years are now hitting in force. Central banks are panicking, Australia is burning and the shale oil patch is becoming a graveyard for investor capital.
How desperate is it becoming? As John says:
All the big central banks have basically given up on trying to control the amount of money that they’re creating. Or trying to normalize interest rates to get them back to where they used to be, to generate all the benefits of having nice positive interest rates. They’ve given up. They know they can’t do it.
So what they’re going to do going forward is to try to inflate their way out of the nest recession preemptively.
Normally during recessions, central banks cut interest rates dramatically and really increase the money supply while the government runs big deficits — to try to get growth going again. But now it’s evident they’re doing this *before* the recession. And that’s new, obviously, and so potentially disastrous.
Because debt all around the world is soaring at basically every level of every major society. And when you’re this late in the process, there’s nobody left to lend to except really bad credit risks.
by dryam2000 
