Friday, September 8, 2017

Dr. Chris Martenson: The Everything Bubble? Markets Make No Sense Anymore?

Jason Burack of Wall St for Main St interviewed returning guest, scientist, former corporate executive and the Co-Founder of Peak Prosperity, Dr. Chris Martenson. Chris is also the co-creator of the popular Crash Course about the 3Es: the economy, energy and the environment and he co-authored the book, Prosper!: How to Prepare for the Future and Create a World Worth Inheriting in 2015.

During this 25+ minute interview, Jason starts off by asking Chris a big picture question about all the coordinated market intervention by central banks with at least $18 trillion in money and credit created out of thin air since the 2008 financial crisis and how it has propelled valuations in stocks, bonds and real estate higher without gold and silver doing much? Chris says this central bank coordination, manipulation and interventions has created the "everything bubble" where a lot of things are divorced from reality and make no sense anymore. 

Jason and Chris discuss how short term rent seeking myopic behavior by economic and political elites means near unlimited bailouts or spending is available for banks or for new wars but no sound long term investments are made into rapidly declining infrastructure in the US.

- Source, Chris Martenson

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