As  posted to Peak Prosperity.com   on 5/17/2020

Trailer

(Run Time: 1 min, 47 sec)

Creator-provided description: “Back in mid-January, Grant Williams, Mike Maloney, Charles Hugh Smith, Chris Martenson and Adam Taggart sat down for an in-depth discussion on the dangerous distortions to financial markets and the global economy that central bank intervention is causing. That video, titled WTF: What The Fed?! was released soon after the US Federal Reserve had added $200 billion dollars to its balance sheet in Q4 2019.

At the time, we worried that so much liquidity being added to the system so quickly could recklessly exacerbate the extreme overvaluations in the markets, and further increase the instability of our over-indebted economy. Little could we have guessed that a global pandemic would soon ensue, one that has seen the central banks collectively flood the world with an additional $4 trillion so far, with (much) more anticipated to come.

Sure makes that $200 billion look pretty tiny now . . .

So, if this group of experts was highly concerned about systemic risk pre-coronavirus, what are they thinking now? Trillions of dollars in new fiat currency printed in less than 2 months. Over 36 million jobs lost. A GDP drop of -5% and a predicted Q2 drop of -42.8%. And that’s just in the US alone. These are historically unprecedented developments on a Depression-level scale. The impact of the economic production loss triggered by COVID-19 will be painful and with us for years. How bad will it get? What should we expect next? And why are the prices of financial assets so divorced from the reality of the destruction to the economy? For these answers and more, watch the full 2-hour video discussion, WTF: What the Fed?!?! (Round 2) here:”

(This is Blog Post #814)

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.

Michael Maloney, founder of www.GoldSilver.com is also the author of the world’s best selling book on precious metals investing.  Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and the banking sector.