2019: The Beginning Of The End
By: Chris Martenson
GoldSeek.com
Thursday, 3 January 2019
What will happen next & what to do now
Welcome to our new readers and a very Happy New Year to everyone!
Now that it’s 2019, we’re going to start the new year here at Peak Prosperity by responding to the wishes of our premium subscribers and making our most recent premium report free to everyone.
For those unfamiliar with our work, it’s based on the idea that humanity is hurtling towards a disaster of our own making. Several powerful and unsustainable trends are all converging towards an ever-narrowing gap in the future.
Because of this, the individual and collective choices we make today take on ever-increasing importance. Our collective choices — around such issues as rampant money-printing by central banks, the failure to wean ourselves off of fossil fuels, and tossing an entire younger generation under the bus because that’s most convenient for an older generation afraid of living within its actual means — are all pointing to a diminshed and disappointing future. We need to make better choices that align ourselves with these (and many other) looming realities.
This is our work here at Peak Prosperity.
For ten years now, we’ve been pointing out the many predicaments society faces. And we will continue our vigilance. Not because we enjoy crisis, or that we relish delivering hard messages, but because these are the times in which we live — and those, like you, who are awake to reality, need unvarnished facts and data to make informed decisions.
So we offer to you, today, a peek behind our premium subscription curtain. The people who subscribe to our work do so to make themselves more resilient, as well as to support Peak Prosperity financially as we carry on our mission of “Creating a world worth inheriting”, which involves bringing difficult messages to reluctant audiences. It’s not the easiest work, but someone has got to do it. And we’ve willingly taken that responsibility on.
If you like the idea of being kindly but persistently nudged towards greater personal resilience, and you want to support bringing this message to the world, then please become a premium subscriber to PeakProsperity.com. Join our growing community, and make your money count towards a building a better future for as many people as we can.
~ Chris Martenson
2019: The Beginning Of The End
For ten long years, the world’s central banks have dragged everyone along for one last attempt at scaling Mount Credit.
At several points along the way, in 2011, in 2013 and then again in 2016 it seemed all but certain that the wrong route had been picked and all was lost. We warned people then about the risks, but to no avail. They found a way to navigate even higher from there.
And here we are again in 2019, warning everyone of the same risks. Starting back in August of 2018 we were questioning whether “it” had arrived and then were declaring that it had throughout October and November.
“Until and unless” the central banks reverse course 2019 will see even more of the same. More stock market volatility, more bond losses, and falling real estate. Eventually these credit stresses will impact those portions of the economy dependent on continued access to more dumb money.
Weak companies that cannot sustain themselves without borrowing more will go out of business and lay people off. Major corporations seeing that writing on the wall will reel in their own hiring and expansion plans.
Eventually all the of the highly leveraged trading strategies have to pack up shop and go home and that’s when we discover that these “markets” are as fake as a spray on sun tan. No actual liquidity, only the appearance of such as temporarily afforded by all the computer algos out there.
The Rest…HERE
