Bubbles always pop, whether they exist in stocks, gold, confidence in
the media, belief in central bank omnipotence, real estate, or debt.
Yes, it could happen anywhere, and based on history, is likely. This
time is not different, unless it will be worse…
“Also, nowadays, we have no idea what
kind of malignant political forces will be unleashed if we have a real,
hard-landing recession …
Does it all get pinned on Trump? Probably.
Does it push the left further left? Probably.
Does it increase the chance of real instability in 2020? Yup.
…
I have been making bearish noises for a while, but I haven’t been willing to stake my reputation on it.
I am now willing to stake my reputation on it.
I think we’re very close to a downturn. I will be surprised if this doesn’t come to pass within 6 – 12 months.”
“These days, however, the price of
credit is distorted primarily by central banks, and the central bank is
most definitely not a natural part of a market economy. Therefore, what
is now often called a ‘Minsky moment’ could more aptly be called a
‘central-bank moment.’”
I expect the next ‘central-bank
moment’ to arrive within the coming 12 months. I also expect that when
it does arrive it will generally be called a ‘Minsky moment’ or some
other name that deftly misdirects the finger of blame, and that central
banks will generally be seen as part of the solution rather than what
they are: the biggest part of the problem.”
“… it’s difficult to believe America
is not angling for Middle Eastern war; ‘coincidentally’ in the best
interests of the kings of terrorism themselves, Saudi Arabia; which just
happen to be the last hope for the rapidly dying Petrodollar standard.
To which, I can only say that if I’m even remotely close to the mark,
the world – and gold Cartel – are headed for a potentially catastrophic
chain of events.”
“The U.S. is in serious trouble as it
used extreme leverage in financial and economic markets. When this
leverage finally cracks, those holding real gold and silver will
experience the insanity taking place in the CRAZY CRYPTOCURRENCY
MARKET.”
“Data published by the CRTC, the
federal commodities regulator, indicate that JPMorgan and two or three
other large financial institutions, have never taken a loss, only
profits on every single silver trading position they have established
over the past nine years ..”
“There is no question that the silver
market is the most rigged game in the world because no one would be
able to establish a more perfect trading record than what JPMorgan and a
few other big shorts have achieved.”
“Today ALL is rigged and manipulated,
the news, the markets, public opinion, politics, stock markets, you
can’t believe anything…
“The globalist’s game is to rule the
ignorant masses through division while repeatedly stealing the wealth
from those that create it. We are in an ‘Everything Bubble’ and our
stock/bond accounts, our home valuation and our bank accounts are next.
When the markets drop this time the whole system will implode taken down
by the world’s $2.25 Quadrillion in derivative debt.”
SUMMARY OF THE CURRENT DANGER ZONE:
The ‘Everything Bubble’ has arrived. The current narrative tells us
“all is well, nothing to see here, Russia did it, look over there etc.”
But bubbles always pop and many implosions are possible. Jared Dillian
sees bubbles in:
- “Real estate in Canada, Australia, and Sweden
- Real estate in California
- Cryptocurrencies
- FANG, plus Tesla and a few others
- Corporate credit
- EM sovereign credit
- Autos
- Indexing”
There are other bubbles that could implode… Everything is connected
and it only takes one implosion to create market misery reminiscent of
1987 or 2000 or 2008. Have you asked yourself the following?
- What could go wrong?
- Why should I believe the narrative that is promoted by the media?
- Do I own enough gold and silver that I can sleep well in the event of a downturn, correction, crash, or reset?
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GE Christenson is the owner and writer for the popular and contrarian investment site Deviant Investor and the author of the book, “Gold Value and Gold Prices 1971 - 2021.” He is a retired accountant and business manager with 30 years of experience studying markets, investing, and trading. He writes about investing, gold, silver, the economy, and central banking. His articles are published on Deviant Investor as well as other popular sites.
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The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
