As  posted to the Peak Prosperity YouTube Channel on 3/9/2020

(Run Time: 49 min, 14 sec)

Author’s Description of Clip

“For years, Peak Prosperity has been raising a loud warning of the ‘Everything Bubble’ that the world’s central banks have blown in global asset prices. Over that time, we’ve debated with hundreds of economic experts on what will be the trigger to “pop” this mania. Well, now we’re finding out.

The economic damage being wrought worldwide by the Coronavirus is the black swan the system never saw coming. Trade is being strangled, and the necessary productivity needed to support that massive increase in global debt that has been taken on over the past decade is just not there.

Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries — like travel, hospitality, and the shale oil drillers — this will be an extinction-level event for many players.  As ugly as the swift -19% drop in markets from from February’s highs has been, this is just the start of the reckoning, folks.”

To give you a clear understanding what to expect during the bursting of the largest asset bubble in world history, John Chris Martenson and John Rubino, author of “The Money Bubble”, in unpacking the economy’s bubble dynamics.

(This is Blog Post #762)

Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation.  Currently he is an author and trend forecaster interested in macro trends regarding the economy, energy composition and the environment at his site, www.peakprosperity.com.

John Rubino, John Rubino spent most of the 1980s on Wall Street as an equity analyst, a bond analyst, and a currency trader.  Currently, he runs the website www.dollarcollapse.com and is also the author of The Coming Collapse of the Dollar (co-written with James Turk), and other books.