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Page added on September 22, 2018
What Comes Next?
Previews of the coming reckoning…
All things have a beginning, a middle and and end.
And now, more than 3,480 days into the current bull market, the longest in history, we can say with high confidence we are very close to its end.
Why?
For manifold reasons that are multiplying fast. So many, in fact, that each of the key speakers at the recent Peak Prosperity/Contra Corner Summit in New York City had difficulty finding enough time to enumerate them all during the six-hour event.
David Stockman, President Reagan’s budget head and former US Congressman, focused his warnings on the overconcentration of financialized (i.e., phony) profits in the world economy, which mask the steep decline in the production of tangible (i.e., real) value.
Among his long litany of examples of the sclerosis and fraud within today’s economy, he explained how so much of today’s euphoric stock prices are an artifact of the cheap credit made possible by the world’s central banking cartel — enabling a massive LBO of our corporate industry.
Long story short: artificially low rates have been allowing corporate executives, for years, to buy back a huge percentage of their company’s shares, enriching shareholders (most notably the execs themselves) in the immediate term, while saddling the underlying companies under tremendous leverage (1m:13s):
(Purchase the full replay video)
As long as stock prices stay high and rates stay low, no one cares; they’re making too much money. But as rates rise and prices fall, these corporations will become crippled by their debt service requirements, be forced to lay off large swaths of their workforces, and quite possibly go out of business. Failures will ripple across the corporate landscape, sinking the US into prolonged recession.
As a society we’ll be the poorer for it. And suffer the full brunt of the pain this collapse of malinvestment will bring.
But the fat cat execs? They’ll simply retire to their mansions and enjoy their spoils.
Chris Martenson built on Stockman’s evidence of the economy’s vulnerability by showing how there simply won’t be enough (net) energy in the coming decades to power the growth the world is counting on. To drive this point home, he explains how demand from China alone is on track to consume 100% of world oil exports by 2040 (1m:43s):
(Purchase the full replay video)
Following that, James Howard Kunstler tied it all together by warning that we — as a society that is sacrificing our long-term potential and resilience for convenience and the quick buck — are in great peril of inheriting the bankrupt future we deserve (2m:12s):
(Purchase the full replay video)
The trio took over an hour of “ask anything” Q&A from the audience, who primarily wanted to hear these experts’ responses to How do you see all this playing out? and What steps should we be taking now?
Here’s (part of) Stockman’s explanation of why he predicts the Federal Reserve and other central banks will be unable to prevent the next market crash, which he sees coming soon (4m:35s):
(Purchase the full replay video)
The common theme amongst Stockman, Martenson and Kunstler? Use the precious time we have today to fully understand the trends in play, take prudent preparation in advance of the coming crisis, and develop trusted bonds within a like-minded community well-positioned to help its members through future adversity.
The above clips represent less than 10 minutes of the material covered in the 5+ hours of active presentation and discussion from last weekend’s Peak Prosperity/Contra Corner NYC Summit. If you were unable to attend the Summit live, but would like to purchase the replay video of the full event, you can do so at the ‘early bird’ discount price of $275 by clicking here. (Note: after Sep 30th, the cost of the replay video will rise to the full retail price of $350)
61 Comments on "What Comes Next?"
Boney Joe on Sun, 23rd Sep 2018 11:21 pm
Mak-
So true. It doesn’t take a scientist to know fmr-paultard = Anontarded1 = Anonymouse1 (not the real poster) = Davy = A socially retarded bum who has never worked a day in his life so he sponges off the rest of us.
Boney Joe on Sun, 23rd Sep 2018 11:33 pm
Oh lookie, Anontarded 1= fmr-paultarded = Davy is back trying oh so desperately to convince the board he’s an idiot savant by copying and pasting from Wikipedia.
Advice: You do realize, retarded one, the more you try to convince people of your superior scientific intellect the more people realize you’re in truth a dumbass and a bum just like your mentor DavyDonaldTurd (DDT). Birds of a feather flock together.
The good news for DDT is he’s located exactly where he belongs. When societal collapse occurs, his “neighbors” will quickly come a visitin’ his mobile home in the woods,
Boney Joe on Sun, 23rd Sep 2018 11:37 pm
Since this post touched a nerve with DavyDonaldTurd (DDT) by getting at the truth, it’s worth reposting.
“Davy
Who are you kidding? You are one of the biggest extremist on this site. That is why you are always peddling zerohedge far right propaganda.You need a safe space that is why you only post from one site..You are a narrow minded nut job.”
I AM THE MOB, hypocrisy is one of DavyDonaldTurd’s (DDT) most consistent and reliable character attributes.
Therefore:
DDT’s thoughts reflect AND project perfectly like a mirror; the subconscious perceptions that are held about the Self. His frequent bullying, outbursts, and incessant assaults are a perfect reflection of his present state of mind and how he feels about himself on the inside. DDT’s resentment and anger toward others reveal anger and contempt of himself rooted in jealously, fear, and a sense of failure with who he has become, questioning his ability to aptly compete with others.
DDT, must learn to apply this knowledge to become more self-aware and introspective. By doing so, he will diffuse inner conflict and confusion and become a pacifist of the mind rather than a bellicose, xenophobic, and hateful Trumptard of the mind.
DDT is a charter member of the lunatic fringe.
I AM THE MOB on Sun, 23rd Sep 2018 11:39 pm
woman is alleging Kavanaugh “Gang Raped” her
Boney Joe on Sun, 23rd Sep 2018 11:46 pm
DavyDonaldTurd (DDT)
Your constant homosexual thoughts and accusations reflect AND project perfectly like a mirror; the subconscious perceptions that are held about the Self. Your frequent bullying, outbursts, and incessant assaults are a perfect reflection of your present state of mind and speaks to how you feel about yourself on the inside. This resentment and anger toward others reveals anger and contempt of self rooted in jealously, fear, and a sense of failure with who you have become, questioning your ability to aptly compete with others.
DDT, learn to apply this knowledge to become more self-aware and introspective. By doing so, you will diffuse inner conflict and confusion and become a pacifist of the mind rather than a bellicose, xenophobic, and hateful Trumptard of the mind.
DDT is a charter member of the lunatic fringe.
Cloggie on Mon, 24th Sep 2018 1:26 am
While the regulars discuss the virtues of poofterism, world politics marches on:
https://www.dailymail.co.uk/news/article-6199981/Majority-cabinet-Canada-style-clean-Brexit-deal.html
The “Canadians” get the upperhand within the Tory party, which from our continental European perspective is the 2nd best option, after the “Norwegian” one, but still a lot better than Remain, because this enables us to rollback 1945, breakup the West, team up with Russia and with 640 million, nuclear armed to the teeth, begin to compete with the US deep state over the ownership/seniority over European America, to begin with white nationalists/seperatists, anticipating their break-away attempt from Washington.
Boney Joe on Mon, 24th Sep 2018 2:27 am
Cloggie:
I do agree with the others that NOBODY gives a rats ass about the nonsense you post unless you like reading your own posts.
Speaking of poofers, I would hate to look in your closet since I can’t imagine any females, except for maybe goose stepping lesbians, interested in your postings.
Davy on Mon, 24th Sep 2018 5:03 am
“Your constant homosexual thoughts and accusations reflect AND project perfectly like a mirror”
Bony Juan, I posted that reference of your fake childhood gay experience because it is made up just as your sock is made up. Are you bored again? It is obvious you, billy, and the gimp (anonymouse) have way too much time on your hands. Has my message hit home and have you upset? Have you been neutered and now want to reach out in anger? LOL
Davy on Mon, 24th Sep 2018 5:08 am
“woman is alleging Kavanaugh “Gang Raped” her”
Your 11 hour liberal manufactured victimization stories are backfiring. This whole incident shows just how far into the rabbit hole of unreality you people have gone.
Anontarded1 on Mon, 24th Sep 2018 6:25 am
boney joe tard1 (pbuh, swt), i never tried to convince anyone of scientific background. i’m a tard and former paultard. i had a liberal arts degree with concentration in physics and i barely graduated. i said many times before boney the tard. it means i studied the humanities in addition to math and physics.
please dont’ try to pull a fast one on supertard (swt, pbuh) . my expertise is detecting mental trauma u experience as a child on that camping trip. by saying i’m scientific u tried a fast one on supertrad. don’t do that
Cloggie on Mon, 24th Sep 2018 1:30 pm
“Speaking of poofers, I would hate to look in your closet since I can’t imagine any females, except for maybe goose stepping lesbians, interested in your postings.”
Well, it takes one to know one. And since you must have read my posts… at what age did you realize you were lesbian, Boney Joel?