{"id":51710,"date":"2020-03-10T10:06:10","date_gmt":"2020-03-10T15:06:10","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51710"},"modified":"2020-03-10T10:06:19","modified_gmt":"2020-03-10T15:06:19","slug":"video-the-coronavirus-is-the-pin-popping-the-everything-bubble","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51710","title":{"rendered":"VIDEO: The Coronavirus Is The Pin Popping The \u2018Everything Bubble\u2019"},"content":{"rendered":"\n

VIDEO: The Coronavirus Is The Pin Popping The \u2018Everything Bubble\u2019<\/a><\/h3>\n\n\n\n

This will be an extinction-level event for many players<\/strong><\/p>\n\n\n\n

For years, Peak Prosperity has been raising a loud warning of the \u2018Everything Bubble\u2019 that the world\u2019s central banks have blown in global asset prices.<\/p>\n\n\n\n

Over that time, we\u2019ve debated with hundreds of economic experts on what will be the trigger to \u201cpop\u201d this mania.<\/p>\n\n\n\n

Well, now we\u2019re finding out.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries \u2014 like travel, hospitality, and the shale oil drillers \u2014 this will be an extinction-level event for many players.<\/p>\n\n\n\n

As ugly as the swift -19% drop in markets from from February\u2019s highs has been, this is just the start of the reckoning, folks.<\/p>\n\n\n\n

To give you a clear understanding what to expect during the bursting of the largest asset bubble in world history, Chris rushed to record this interview with John Rubino, author of The Money Bubble<\/a>:<\/p>\n\n\n\n