Chris Martenson
Back in the 1930s, Irving Fisher introduced a concept called the 'debt supercycle.' Simply put, it posits that when there is a buildup of too much debt within an economy, there reaches a point where there simply is no other available solution but to let it rewind.
We are at that point in our economy, as are most other major economies around the world, claims John Maudlin, author of the popular Thoughts from the Frontline newsletter and the recent bestselling book Endgame: The End of the Debt Supercycle and How It Changes Everything.
For the past several decades, excessive and increasing amounts of credit in the system have allowed us to live above our means as both individuals and nations. We've been able to have our cake and eat it, too. Now that the supercycle has ended and the inevitable de-leveraging cycle is staring us in the face, we will be forced to set priorities in a way that has been foreign to our society for over a generation.
John Mauldin: It’s Time to Make the Hard Decisions
Back in the 1930s, Irving Fisher introduced a concept called the 'debt supercycle.' Simply put, it posits that when there is a buildup of too much debt within an economy, there reaches a point where there simply is no other available solution but to let it rewind.
We are at that point in our economy, as are most other major economies around the world, claims John Maudlin, author of the popular Thoughts from the Frontline newsletter and the recent bestselling book Endgame: The End of the Debt Supercycle and How It Changes Everything.
For the past several decades, excessive and increasing amounts of credit in the system have allowed us to live above our means as both individuals and nations. We've been able to have our cake and eat it, too. Now that the supercycle has ended and the inevitable de-leveraging cycle is staring us in the face, we will be forced to set priorities in a way that has been foreign to our society for over a generation.
In this week’s Off the Cuff with Mish & Chris podcast, Chris and Mish set their sights on:
The Fed
- 0% interest rates through 2014 (at least!). There’s not even a pretense left now about whom its policies are really directed at helping.
- Europe
- In the words of Shakespeare, the latest proposals are simply “sound and fury, signifying nothing.” At this point, a deep and prolonged recession is a certainty.
- Japan
- Decades of can-kicking are coming to their limit. 2012 could well be the year Japan topples into crisis.
Recorded on Wednesday, this podcast features Chris and Mish tackling the parade of head-scratching news announced by various governments and central banks this week. It’s almost as if these entities are competing with each other for the Darwin Award.
Off the Cuff: It’s a Mad, Mad World
PREVIEWIn this week’s Off the Cuff with Mish & Chris podcast, Chris and Mish set their sights on:
The Fed
- 0% interest rates through 2014 (at least!). There’s not even a pretense left now about whom its policies are really directed at helping.
- Europe
- In the words of Shakespeare, the latest proposals are simply “sound and fury, signifying nothing.” At this point, a deep and prolonged recession is a certainty.
- Japan
- Decades of can-kicking are coming to their limit. 2012 could well be the year Japan topples into crisis.
Recorded on Wednesday, this podcast features Chris and Mish tackling the parade of head-scratching news announced by various governments and central banks this week. It’s almost as if these entities are competing with each other for the Darwin Award.
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