You’re Just Not Prepared for What’s Coming
The comments above & below is an edited and abridged synopsis of an article by Chris Martenson
We are at the apex of the most incredible nest of financial bubbles in all of human history. Few are aware of the nature of America’s predicament, and an even smaller subset is physically or financially ready for the future.
Even fewer are mentally prepared for it, and it’s the mental and emotional preparation that matters most. Those who can’t cope with adversity and uncertainty will be toast in the coming years.
Those who mean to persevere need to start by looking at the data. Change is coming—which isn’t a problem in and of itself. But it’s pace is likely to be. Rapid change is difficult for humans to process.
Those frightened by today’s over-inflated asset prices fear how quickly the current bubbles throughout the financial markets will deflate/implode. Who knows when they’ll pop, or what the eventual trigger(s) will be.
These bubbles, blown by central bankers addicted to creating them, are the largest in all of history. That means they’re going to be the most destructive in history when they finally let go.
Millions of households will lose trillions of dollars in net worth. Jobs will evaporate, causing the tens of millions of families living paycheck to paycheck serious harm.
These are the kind of painful consequences central bank follies result in. They’re particularly regrettable because they could have been avoided if the US had taken its medicine during the crisis of 2008. Instead it let the Federal Reserve—the institution largely responsible for creating the crisis—conspire with central banks to paper over the problems.
Martenson discusses how exponentials work against you; understanding real wealth; and the end is nigh.