{"id":23313,"date":"2017-03-25T11:06:18","date_gmt":"2017-03-25T16:06:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23313"},"modified":"2017-03-25T11:06:18","modified_gmt":"2017-03-25T16:06:18","slug":"why-this-market-needs-to-crash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23313","title":{"rendered":"Why This Market Needs To Crash"},"content":{"rendered":"
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bofotolux\/Shutterstock<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Why This Market Needs To Crash<\/a><\/h3>\n
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And likely will\u00a0<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat:\u00a0Today’s markets are dangerously overpriced.<\/em><\/p>\n

Being market fundamentalists who don\u2019t believe it\u2019s possible to simply print prosperity out of thin air, we\u2019ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have unleashed\u00a0over $12 Trillion<\/a>\u00a0in new money into the world, concentrating wealth into the hands of an elite few, while blowing asset price bubbles everywhere in the process (see our recent report\u00a0The Mother Of All Financial Bubbles<\/a>).<\/p>\n

Our consistent view is that price bubbles always burst. Which is why we predict the world\u2019s financial markets will implode spectacularly from today’s heights — destroying jobs, dreams, hopes, economies and political careers alike.<\/p>\n

When this happens, it will frighten the central bankers enough (or merely embarrass them enough, being the egotists that they are) that they will respond with even more aggressive money printing — and that will then cause the entire money system to blow up.\u00a0\u00a0Ka-Poom!<\/em>\u00a0 First inwards in a compressed ball of deflation, then exploding outwards in a final hyperinflationary fireball (see our recent report\u00a0When This All Blows Up…<\/a>).<\/p>\n

It really cannot end any other way.\u00a0 Money is not wealth; it is merely a\u00a0claim<\/em>\u00a0on wealth.\u00a0 Debt is a claim on future money.\u00a0 The only way to have faith in our current monetary policies is if one believes that we can always grow our debts at roughly twice the rate of GDP — forever.\u00a0\u00a0 That is, compound the\u00a0claims<\/em>\u00a0at twice the rate of\u00a0income\u00a0<\/em>year after year from here on out.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

bofotolux\/Shutterstock Why This Market Needs To Crash And likely will\u00a0 Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat:\u00a0Today’s markets are dangerously overpriced. Being market fundamentalists who don\u2019t believe it\u2019s possible to simply print prosperity out of thin air, we\u2019ve […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3596,951,195,303,305,1849,451,966,501,536,538,2218,1138,753],"class_list":["post-23313","post","type-post","status-publish","format-standard","hentry","category-economics","tag-chris-martenson","tag-currency","tag-debt","tag-fed","tag-federal-reserve","tag-financial-markets","tag-janet-yellen","tag-ludwig-von-mises","tag-market-crash","tag-money","tag-money-printing","tag-peak-prosperity","tag-stock-market","tag-stocks"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23313"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23313\/revisions"}],"predecessor-version":[{"id":23314,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23313\/revisions\/23314"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}