MASSIVE Drop In Gas Demand Is Triggering Carmageddon! – What You Need To Know
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent drastic drop in gas demand as people decide simply to stay home and not drive. Many are calling this “carmageddon” and it’s taking a massive toll on the markets.
This follows the crazy car derivatives market continuing to grow in size and scope with auto backed securities being issued.
As John says, the demand for borrowing money was skyrocketing through the roof and they were pushing all these loans so the banks could make more money. Now we’ve hit the peak and it’s going down hill fast.
When the derivatives are issued, that’s one of the final signs of a massive bubble ready to burst. They’re trying to squeeze the last pennies out of these investments.
During the peak driving season when people are on vacation, the gas demand is down 6% in the United States.
New record high levels on the stock exchanges (the Trump euphoria) is a large part of this too. The price earnings ratios are at record highs. Trump can only on a minor scale fix the markets. He cannot change the markets entirely or the monetary system. The downfall was in route far before he was president. Unless he’s going to end the Federal Reserve or cut every single regulation and tax and just end the state, this calamity is going to happen. It’s not Trump’s fault, but it’s also something that Trump simply can’t solve.
Bubbles are inflating from all angles and it’s time to start taking serious notice or else face the consequences.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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