In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- How Long Can This Continue?
- Debt has been rising faster than income everywhere for decades
- The Rules Will Certainly Be Changed
- Desperate elites will always act in their best interest
- Are We Seeing The Blow-off Top?
- Dear God, let's hope so
- A Commodities Price Spike Will Pop This Bubble
- If it doesn't collapse under its own overshoot, first
Chris and John kick off the new year by remarking how similar the conditions now feel to 1999 and 2007. The world financial markets have been running much too hot for far too long, and yet they've kicked into an even higher gear of late. Fortunes are being made in the cryptocurrencies — a space most of the investors throwing their capital into have next to zero understanding of. The Dow is hitting new price records faster than it ever has in its history.
Obviously this can't end well, and it won't. And when the inevitable crash occurs, expect those who created this mess to take cruel-handed measures to sacrifice the rest of us in order to protect whatever amount of their privilege they can.
As John succinctly puts it:
They've changed the rules several times in the last couple of decades, and each time they've gotten away with it.
by ljakus