The Establishment Admits to a Second Financial Crisis

Up until very recently, there were essentially two kinds of business and economic reporting trends emanating since the 2008 Financial Crisis:  Sanguine, triumphant and motivating news in the mainstream corporate transatlantic financial press, versus pensive, probing and skeptical viewpoints in the alternative economic press.  The former was from sources tethered to the central and corporate banking sectors in Europe and North America, presenting information and sentiments meant to keep public expectations buoyant and optimistic about the state of Anglo-American economies.  The latter was from independent analysts, contrarian observers, foreign press in Eastern & Southern hemispheres and keen bloggers who knew how to dig for data, determined not to be fooled again over real economic affairs.  The former relied upon much false data emanating from government bureaus intent upon upholding confidence among consumers, in the financial markets and among foreign bondholders; the latter invested rigor into more credible metrics, monetary & political history, and fell back upon a decent track record of having called past financial crises.

Well, over very recent history, there has been a tide swell of mainstream Establishment figures – be they retired central bank & Treasury chiefs, or leading hedge fund managers – shifting into warning modes worthy of those observers otherwise considered “alarmist or fringe”, with fingers being pointed at an inevitable – possibly imminent – 2nd Global Financial Crisis.  Folks like Ben Bernanke, Henry Paulson, Timothy Geithner, and respected heads of banks and institutional investing firms such as Jamie Dimon of JP Morgan Chase and Ray Dalio of Bridgewater Associates, are waving warning flags over not a recession, but a crisis approaching, and one larger than the one a decade ago.

Why now?  Where were the reputable, cautious, gloomy financiers, bureaucrats and pundits on the CNBCs, Bloombergs & Wall Street Journals of even a year ago?  Why this collective mandate to ‘fess up’ about true macroeconomic conditions as well as the paucity of viable policy options for averting it, let alone for treating it once it hits?  What are you expected to think and do from here on in?

In this 30th episode of Money & Fear, and as always, in the show’s detailed Show Notes listed under the videos on our website, recent information disseminated by leading figures assigned to public discourse by the transatlantic business and political Establishment will be reviewed.  Some of the data will confirm what we’ve covered on this program over the past year and a half, some of it will be new, yet the fact that it’s all now attested to by past and present decision makers removes any controversies over where the national and global economies are headed, and perhaps by wider design.

If you’re not a Newsbud member yet, please join and tell others.  It costs practically nothing, yet gives you information you’re not supposed to know, thus empowering you to stay ahead of the herd … and to think … like the determining private forces behind global finance and its seminal role in molding world affairs … think.  The time is now to support independent, nonpartisan media, so please consider joining the worldwide Newsbud community today and tell other genuinely curious friends & family out there as well.  Thank you.

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Show Notes

JP Morgan’s top quant warns next crisis to have flash crashes and social unrest not seen in 50 years

What We Need to Fight the Next Financial Crisis

Ten years after the financial crisis: Reflections by Bernanke, Geithner and Paulson

Bernanke, Paulson and Geithner say they bailed out Wall Street to help Main Street

Greenspan Concedes That the Fed Failed to Gauge the Bubble

It Really Is All Greenspan's Fault

Trump hasn’t prepared us for the inevitable economic slowdown

Owning the Consequences: Clinton and the Repeal of Glass-Steagall

ShadowStats - Inflation, Money Supply, GDP, Unemployment and the Dollar - Alternate Data Series

Another Recession Is Looming

Marty Feldstein Warns "Another Recession Looms..." And The Fed's Out Of Ammo

What Could Go Wrong in America?

These 4 called the last financial crisis. Here’s what they see causing the next one

What is 'Creative Destruction'

White House budget projects $1 trillion deficit in 2019

Disaster Is Inevitable When America's Stock Market Bubble Bursts

The Risk of Derivatives Isn’t Gone. It’s Merely Morphed.

Dalio Says U.S. Two Years From Downturn

Why A New Crisis Is Brewing 10 Years After The Last One, And Why That's No Surprise

Builders Slump as U.S. Housing Market Shifts to the Slow Lane

A growing share of millennials are living with mom ... Here’s why

Real Estate Crisis 2.0 What You Need To Know

Generation Debt: The Student Loan & Wider College Rackets

The Fed’s In A Box And People Are Starting To Notice

10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity – Yield Curve Chart

Next financial crisis 'has begun and will be worse than 2008 crash,' economists warn

Statement on the proposed merger between Sky plc / 21st Century Fox Inc - Written Ministerial Statement by Secretary of State Matt Hancock on the proposed Sky plc / 21st Century Fox Inc. merger

Ann Pettifor

Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP

Hank Paulson Killed Lehman Brothers ‘Cause Karma’s A Bitch

Tom Russo’s Lehman “victim” interviews removed from the Internet

The Big, Dangerous Bubble in Corporate Debt

As Economy Grows, Fed Set to Shrink Bond Holdings

Prepare to bet against bitcoin as it becomes civilised

OF COURSE Bitcoin is Manipulated

Don’t be fooled: Working Americans are worse off under Trump

Druckenmiller: We're At The Point In The Rate-Hike Cycle Where 'Bombs Are Going Off'

Why Are So Many People Talking About The Potential For A Stock Market Crash In October?

The dollar is central to the next crisis

James Grant Responds To The Bernanke-Paulson-Geithner Op-Ed

The Next Financial Crisis Lurks Underground - Fueled by debt and years of easy credit, America’s energy boom is on shaky footing

Goldman's Bear Market Indicator Shows Crash Dead Ahead, Asks "Should We Be Worried?"

4 Lessons About Lehman, And The Subsequent Meltdown In Global Markets

Papers

The Repeal of the Glass-Steagall Act and the Federal Reserve’s Extraordinary Intervention during the Global Financial Crisis

The Repeal Of The Glass- Steagall Act And The Current Financial Crisis

Economic Consequences of Housing Speculation

Videos

Dalio on Turkey, Argentina, and the Next Economic Downturn

The Rules of The Illuminati - David Wilcock

Books

The Dollar Crisis: Causes, Consequences, Cures – 1st Edition – by Richard Duncan

The Dollar Crisis: Causes, Consequences, Cures - Revised and Updated – by Richard Duncan

*For additional footnotes and links refer to the Newsbud article link above

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Comments

  1. Jon L Curran says:

    It will all be Trump’s fault and the answer with be big time Socialism, maybe even Martial Law.

  2. Sam LeMay says:

    So what are we to do? Put our money into Gold? Cash? Wonder if we could get some solutions as well.

    • Physical gold and silver are tangible money, lacking any counterparty risks. They’re also much more liquid than real estate and other hard assets.

      The key is to be aware of real trends, versus those announced in mainstream business press, which follow government & Wall Street’s leads. Ask yourself where you were in early 2007, and what you’d have done differently, if anything. We’re there again.

  3. John Phillips says:

    Good job Pye! No argument here.
    May is suggest that the assets of a bank that fails are gobbled up by other banks at pennies on the dollar…for instance mortgages on housing real estate. Other than stocks and bonds…tangible hard assets don’t go way; may drop in price, but the house and land are still there. “Buy when there is blood in the streets” and these guys are willing to fill the streets with such.

    Also, there is inflation is some asset classes…say equities and stocks, building materials and consumer goods; while salaries, select housing markets and small business are deflating. For the common Joe and Jane…this has been a depression!

    These financiers plan multigenerational agendas. They sow a field, grow it and harvest it (whatever asset class that might be)…..a great analogy for how capitalists perform in todays world. It takes about 4-7 years to grow out…then they harvest (the CRASH). When the stock market looses 1.0 trillion…the money didn’t disappear…it went into someone’s pocket. Buy it cheap, pump it up and sell it when you and I have bought into the scheme. Do you agree?

    PM’s, finely crafted steel that send lead down range with great accuracy and speed, and land are the assets I prefer. If you don’t own land…you are a slave.

    Lastly…nice tie!
    John

  4. John Phillips says:

    AND…develop your skills matrix. Have knowledge, skills and abilities that will help you in the coming hard times. To take that from you is to take your life. Diversify!

    • Agreed on all. It’s “pump & dump” on tectonic scales, and meant for wider global transformations. Discerning what said transformations are ultimately about helps greatly in thinking deductively.

  5. P. Brooks McGinnis says:

    No More War

  6. Thanks, I really enjoy your videos. Aesthetically, you should consider changing the background while taping. The chest of drawers and the towel hanging on a peg don’t cut it, and are distracting.

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