Josh Sigurdson talks with author and economic analyst John Sneisen about the massive domino effect that is the global everything bubble which we are seeing crash throughout the world right now. Central banks are flooding the markets with fake currency in order to prop up this bubble further, but there’s a limit to how much this market can be centralized.
We have seen the Dow and S&P come falling to 14 month lows, mimicking a trend we haven’t seen since 1931.
From the housing bubbles to the auto bubbles, pension bubbles, derivatives bubbles, student loan bubbles, stock bubbles, this is not going to end well.
It should have happened long ago but it appears as though we may be seeing the beginning of the end of this crisis. But it could technically be put off further. We have seen central banks like the Federal Reserve create zero dollar trading desks that pump the markets with fake money via the plunge protection team. Well, bonds are not looking good and the yield curve has begun inverting for the first time. Even the most bullish investors are covering their tracks and admitting something big is coming our way. Janet Yellen who last year claimed we wouldn’t see another crisis in our lifetime is now saying a financial crisis could happen soon.
The banks are bankrupt according to their balance sheets and the market is starting to lose confidence which is all it has as the holidays approach. Will we last a bit longer? Or is this the crash we’ve been warning of? It’s hard to say, but people are certainly flooding into the cryptocurrency markets to save themselves.
Stay tuned as we continue to cover this issue!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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