Greg Hunter interviews Chris Martenson, economic researcher and futurist and co-founder of "PeakProsperity.com", about the economy and what he sees ahead.
Topics:
- (00:22) "Believing the impossible", if you think market fundamentals don't matter -- 236 large cap-companies with 50 or higher Price-to-Earnings ratio;
- (03:08) Risk appetite is the highest on record -- investor sentiment is off the charts -- record debt around the world;
- (05:00) Relationship between the markers for wealth and the claims on that wealth itself -- primary wealth, secondary wealth, and the claims on that wealth -- claims and GDP out of alignment -- claims increasing at twice the rate of wealth creation;
- (8:53) Central bank rigging -- central bank printing driving up the asset markets -- 2017 saw the largest amount of printing (over $2.5 trillion) by Bank of Japan, U.S. Federal Reserve, and the European Central Bank;
- (10:32) Buying precious metals, gold and silver as well as platinum, palladium, and rhodium;
- (13:05) Considering how long the monetary printing has gone on, are you surprised, shocked, scared, or all three about this scenario? -- U.S. Federal Reserve loaning $21 trillion to foreign banks -- Central banks are heavy (preferred) buyers of options and futures on Chicago Mercantile Exchange;
- (16:30) What is the end going to look like for the everyday person? -- recession will happen -- like 2008 on steroids -- job losses -- prepare by getting out of debt, start saving money, and reduce spending;
- (21:12) Do you think the U.S. dollar will hyper-inflate? -- cryptocurrencies are a way people are saying they don't want to be in fiat monetary systems -- people don't trust banking system -- tax cuts will add to the debt;
- (25:00) What about the "war card"? -- Price of oil (or lack of oil) could be the linchpin -- geopolitical realignments happening because of oil;
- (29:00) Upcoming "Peak Prosperity" conference in May 2018;
- (31:15) Can Central Banks keep this going forever? -- Only if you believe you can print your way to prosperity;
- And more...
35 minute video by Greg Hunter published 23 January 2018
Link Associated with this Interview
Wealth Will Go Poof in Next Crash – Chris Martenson
Source:
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