Podcast
by
Chris Martenson
Executive Summary
- It's Time To Name The Guilty
- The Gross Global Mis-Pricing Of Risk
- The New Fed Looks Even Worse Than The Old
- What You Should Do To Prepare
If you have not yet read Part 1: You're Just Not Prepared For What’s Coming, available free to all readers, please click here to read it first.
So I just want to raise my hand here and say that I am in favor of handing out serious punishments to the central bankers who negligently placed all but a very tiny few directly into harm’s way, knowingly and maliciously. They knew they were harming pensions, savers, retirees, the young, the poor and the middle-classes. They knew what they were doing was harming an entire generation of young people, fostering a deeply unfair and ultimately dangers wealth and income gap, and backstopping bank losses even (especially?) when those banks did stupid things that deserved losses.
Yet they insisted and they persisted. And here we are, with the third set of bubbles in 20 years and the largest wealth and income gaps in all of history. I say the people responsible should be held accountable.
This Time Is Going To Be Different?
When these bubbles burst, and trust me they will, the aftermath is going to be especially ugly. Like all bubbles, we’ll discover that a vast amount of lending took place towards ideas and projects and in support of spending habits that really should not have been undertaken.
Credit bubbles always end up making a pile of loans to really derelict ideas. This time is no different, except the scale is so much larger. There are so many bright red warning lights that it’s difficult to figure out which ones to convey.
Like the charts above, each one of these next charts could easily be an entire meditation that, if deeply understood, would reveal the whole story. So settle in, take a deep breath and please consider the following.
First up, we have this deeply shocking chart for which the data has only gotten more shocking in recent months…
When The Bubbles Burst…
PREVIEW by Chris MartensonExecutive Summary
- It's Time To Name The Guilty
- The Gross Global Mis-Pricing Of Risk
- The New Fed Looks Even Worse Than The Old
- What You Should Do To Prepare
If you have not yet read Part 1: You're Just Not Prepared For What’s Coming, available free to all readers, please click here to read it first.
So I just want to raise my hand here and say that I am in favor of handing out serious punishments to the central bankers who negligently placed all but a very tiny few directly into harm’s way, knowingly and maliciously. They knew they were harming pensions, savers, retirees, the young, the poor and the middle-classes. They knew what they were doing was harming an entire generation of young people, fostering a deeply unfair and ultimately dangers wealth and income gap, and backstopping bank losses even (especially?) when those banks did stupid things that deserved losses.
Yet they insisted and they persisted. And here we are, with the third set of bubbles in 20 years and the largest wealth and income gaps in all of history. I say the people responsible should be held accountable.
This Time Is Going To Be Different?
When these bubbles burst, and trust me they will, the aftermath is going to be especially ugly. Like all bubbles, we’ll discover that a vast amount of lending took place towards ideas and projects and in support of spending habits that really should not have been undertaken.
Credit bubbles always end up making a pile of loans to really derelict ideas. This time is no different, except the scale is so much larger. There are so many bright red warning lights that it’s difficult to figure out which ones to convey.
Like the charts above, each one of these next charts could easily be an entire meditation that, if deeply understood, would reveal the whole story. So settle in, take a deep breath and please consider the following.
First up, we have this deeply shocking chart for which the data has only gotten more shocking in recent months…
by
Adam Taggart
At Peak Prosperity, we strive to help people advance in three key areas: Knowing, Doing and Being.
Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run.
But Knowing? That's the essential first part to master. Without sufficient understanding and insight to guide you, any action you take is merely groping in the dark.
The Importance Of Knowing
by Adam TaggartAt Peak Prosperity, we strive to help people advance in three key areas: Knowing, Doing and Being.
Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run.
But Knowing? That's the essential first part to master. Without sufficient understanding and insight to guide you, any action you take is merely groping in the dark.
by
Adam Taggart
by
Chris Martenson
Demographically speaking, the tremendous wave of aging Baby Boomers is an unprecedented event in our country's history. The sheer size of this age cohort, plus the concerningly-high level of financial unpreparedness for many of its members (which we wrote about at length last week in this report), will demand all sorts of new solutions be pioneered to address the needs of a massive number of aging seniors no longer in the workforce.
Gene Guarino, founder of Residential Assisted Living Academy, joins the podcast this week to explain the model to Chris, as well as the ways that investors can get involved in this growing movement. Those with capital interested in "doing well by doing good" can participate in syndicates that own the residences, creating more inventory to expand this model to. The investment returns are attractive, as is being a part of a movement to offer more housing options to the fast-growing ranks of seniors looking to live with dignity.
Gene Guarino: Investing In Residential Assisted Living
by Chris MartensonDemographically speaking, the tremendous wave of aging Baby Boomers is an unprecedented event in our country's history. The sheer size of this age cohort, plus the concerningly-high level of financial unpreparedness for many of its members (which we wrote about at length last week in this report), will demand all sorts of new solutions be pioneered to address the needs of a massive number of aging seniors no longer in the workforce.
Gene Guarino, founder of Residential Assisted Living Academy, joins the podcast this week to explain the model to Chris, as well as the ways that investors can get involved in this growing movement. Those with capital interested in "doing well by doing good" can participate in syndicates that own the residences, creating more inventory to expand this model to. The investment returns are attractive, as is being a part of a movement to offer more housing options to the fast-growing ranks of seniors looking to live with dignity.
Total 6350 items
