CM-18 – Spot the Coming Financial Crisis – without a Crystal Ball (Chaos Monitaur)

According to David McWilliams, we are now in a (scary) “brave new world of return-free risk.” You read that right. “Return-free.” How weird is that.    

He outlines, verbally and graphically, several myths on which our current bubble is based.   

• Myth 1 – The complexity of modern banking and finance makes it impossible to spot an oncoming financial crisis.   
• Myth 2 – The brainy people involved in high finance will understand the danger, causing a drop in share prices.   
• Myth 3 – We learn from our mistakes.   
• Myth 4 – This time is different.   

He stated that “Our free-market system actually encourages bad behavior.” Which will not surprise anyone who has been awake at any time over the past 20 years or more.   

McWilliams also makes a few bold statements about the real causes of a systemic collapse. Watch the 5-minute video to hear for yourself.   His conclusion … “We have a long, long way to fall.”  

(Further Reading) – S&P Reaching Giddy, Dizzying Heights (ZeroHEdge) ... http://www.zerohedge.com/news/2017-10-05/sp-surges-longest-record-high-streak-20-years-dollar-spikes

(Further Reading) – Yep, Everybody Knows that Everything is Gonna Keep Going Higher, Forever … https://www.themacrotourist.com/posts/2017/10/05/jesse/

(Further Viewing) – How to Spot a Financial Crisis Before It Spots You (FT) ...