Category Archives: Bubbles

January 17, 2022

The Revolution guaranteed inflation – BankWars: Weimar Hyperinflation Episode 2 (Video)

The German Revolution of 1918 guaranteed that the Weimar Hyperinflation would happen. Why? Because the political ideologues who came to power and founded the Weimar Republic were also the ones calling for the policies that caused it, and were completely clueless on how to stop it. So, in order to fully understand the Weimar Hyperinflation, we need to understand them – who these ideologues were, what they believed, and what they were up to. And in this video, the second in the series on the Weimar Hyperinflation, we’re going to do just that by looking at the REAL history of the German 1918 Revolution and the Spartacist Uprising of 1919.

January 16, 2022

Diane Francis: Shining a light on money laundering in Canadian real estate

Increased consumer debt caused by Canada’s housing bubble will lead to widespread financial pain once interest rates rise

Canadian housing prices are unaffordable, at least in part, because successive governments have failed to address the fact that Canada is one of the world’s foremost tax and secrecy havens, minus the palm trees.

In fact, the term “snow washing” has been coined to describe how easily dirty money can be washed clean, like the snow, in Canada. But there is some hope on the horizon.

The House of Commons finance committee is to be congratulated, in the spirit of better-late-than-never, for opening hearings this week into the country’s dangerously high housing prices. “We risk the possibility of a major housing crash when interest rates go up, just like the Americans experienced in ’08-’09,” said Pierre Poilievre , the Conservative MP who requested hearings.

“It’s time for the finance committee to … begin emergency hearings into where all the money is coming from that is ballooning our housing market, making home ownership unaffordable to our youth and working class and risking a massive financial collapse later on.”

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June 11, 2021

Deutsche Bank warns of global ‘time bomb’ coming due to rising inflation (Video)

In an out-of-consensus forecast, Deutsche Bank is warning of a potential crisis coming from inflation. “The effects could be devastating, particularly for the most vulnerable in society,” the firm’s economists said.

Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists.

In a forecast that is well outside the consensus from policymakers and Wall Street, Deutsche issued a dire warning that focusing on stimulus while dismissing inflation fears will prove to be a mistake if not in the near term then in 2023 and beyond.

The analysis especially points the finger at the Federal Reserve and its new framework in which it will tolerate higher inflation for the sake of a full and inclusive recovery. The firm contends that the Fed’s intention not to tighten policy until inflation shows a sustained rise will have dire impacts.

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April 14, 2021

Jim Rogers “This Is The Worst I’ve Seen In My Lifetime” (Video)

Jim Rogers is an American investor and financial commentator based in Singapore. Rogers is the Chairman of Beeland Interests, Inc. He was the co-founder of the Quantum Fund and was also the creator of the Rogers International Commodities Index. Jim Rogers is mostly known for speaking about investing in the stock market, gold, and macroeconomics. In this Jim Rogers interview, he shares his opinions on why the next crash will be much worst, and how investors can protect themselves from it.

June 30, 2020

How The Housing Crash Will Happen (Video)

The 7 Stages: Stage 1: Speculation = drives prices up (prices families out) REITs gain ground Stage 2: Low interest rates = Equity Release, housing becomes leveraged investment for further investment release Stage 3: People live beyond means = Over optimistic GDP (Fake GDP) Stage 4: Problem occurs (2008: ARM aka Subprime crisis / 2020 Virus) = Spending stops Stage 5: High Unemployment = Start of Recessionary Cycle, mortgage & rent payments missed… unemployment scarring. Wage reductions. Stage 6: Quantitative Easing… Stage 7: CRASH! Stage 7: Brand NEW BONUS Stage! Mortgage forbearance Stage 7: People can’t afford to pay their mortgages when forbearance runs out = House prices reduced to reflect supply & demand

April 29, 2020

Best Documentary of the Housing Market Crash (of 2020?) | Inside the Meltdown | Behind the Big Short (Video)

The first of a four-part investigation into a world of greed and recklessness that led to financial collapse. In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne. The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929.

August 22, 2017

Global Debt Crisis. Prepare Yourself Accordingly – Stefan Molyneux (Video)

What unspoken crisis could drastically impact the life of just about every human being on planet earth – and could happen in the very near future? Stefan Molyneux once again shines a spotlight on the global debt crisis and speculated what will happen when the system inevitability collapses.

June 5, 2017

The US college debt bubble is becoming dangerous

Student loans are now 90 per cent public, in an eerie echo of the housing crisis.

Rapid run-ups in debt are the single biggest predictor of market trouble. So it is worth noting that over the past 10 years the amount of student loan debt in the US has grown by 170 per cent, to a whopping $1.4tn — more than car loans, or credit card debt. Indeed, as an expert at the Consumer Financial Protection Bureau recently pointed out to me, since 2008 we have basically swapped a housing debt bubble for a student loan bubble. No wonder NY Federal Reserve president Bill Dudley fretted last week that high levels of student debt and default are a “headwind to economic activity”.

In America, 44m people have student debt. Eight million of those borrowers are in default. That’s a default rate which is still higher than pre-crisis levels — unlike the default rate for mortgages, credit cards or even car loans.

Rising college education costs will not help shrink those numbers. While the headline consumer price index is 2.7 per cent, between 2016 and 2017 published tuition and fee prices rose by 9 per cent at four-year state institutions, and 13 per cent at posher private colleges.

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July 3, 2016

How 2 US senators profited from America’s financial crisis (Video)

Documents connect Senators Bob Corker and Mark Warner to controversial Wall Street deals.

“The idea that Wall Street came out of this thing just fine, thank you, is just something that just grates on people. They think you didn’t just come out fine because it was luck. They think you guys just really gamed this thing real well.”

So said then-Senator Edward E. Kaufman, a Democrat from Delaware, at the Congressional hearing in the spring of 2010 where assorted members of Congress lambasted Goldman Sachs’ activity in the run-up to the financial crisis.

But it turns out two members of Congress actually made money from that crisis, according to publicly available documents. During the crisis years, two now-senators, Mark Warner (D-Va.) who was the governor of Virginia until his Senate term began in 2009, and Bob Corker (R-Tenn.), who took office in 2007, were invested in a fund that appears to have made sizable profits from Goldman products that were designed to bet against the real estate market.

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Complete text linked here.

February 7, 2016

Donald Trump: America Is Currently in a ‘Jobs Recession,’ when ‘Bubble’ Pops ‘It’s Going To Be Ugly’

Billionaire and national 2016 GOP presidential frontrunner Donald Trump pushed back on the notion put forth by President Barack Obama that America is doing well economically.

In an exclusive interview with Breitbart News on Friday, Trump laid out how he believes the United States is currently in another recession—something that proves President Obama’s economic policies have failed, as have those of his GOP enablers in Congress.

“I think you’re sort of in a recession now, you’re certainly in a jobs recession now,” Trump said when asked to react to a new report from the Financial Times detailing the potential rising risk of a new recession. “We have millions of people out of work, and the jobs they have are bad jobs. We’re in a bubble. We’re in a bubble. The sad part is it may not pop now, it may pop two weeks into the new administration and the new administration will be blamed for it. One of those things, right? But we’re in a bubble and it’s going to be ugly.”

The Financial Times piece, written by John Authers, details how there is a rising risk of another major recession in the United States.

“The dollar is falling sharply, while the market bets ever more confidently that there will be no rate increases from the Federal Reserve in 2016,” Authers wrote. “This is driven by a rising belief that the U.S. could be slipping into a recession this year — a possibility that only a few weeks ago was regarded as negligible. In response, brokerages and investment banks have started to pump out research, trying to assess the risk of a recession. Almost universally, they conclude that the risks remain low — but that they are rising.”

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