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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.
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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
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
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
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 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
