Crash Course: Chapter 15 - Bubbles (1 of 2) by Chris Martenson

Chapter 15 (Bubbles - Part 1 of 2): Throughout the long sweep of history, the bursting of asset bubbles has nearly always been traumatic. Social, political and economic upheavals have a bad habit of following asset bubbles, while wealth destruction is a guaranteed feature. Four characteristics of bubbles are observed: that they are self-reinforcing on the way up (higher prices become the justification for higher prices); once they pop, the game is suddenly and permanently over; they are roughly symmetrical in time they take to peak and fall; and they are roughly symmetrical in price, returning to their pre-bubble status. Dr. Martenson concludes that the housing bubble is itself just a symptom of a credit bubble, leaving a final catastrophe of the currency as our most likely outcome.

http://www.chrismartenson.com

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[ConservativeNRA]

WOW.. this info is outstanding. see the other's as well... call Glenn Beck, call Peter Schiff, send this to all your friends, Powerfull stuff.. thanks and God Bless for the post..

[kikrlbs]

Chris Martensen for dictator! Fuck congress and politicians, I want this dude to run my world!

[AngeliqueEU]

The housebubble ..... will it burst in Holland?

Not until now .. prizes slowly are gettin' lower .. SLOW and in the big cities they are on the Rise again )-

can't even buy a appartment anymore! )-

[AngeliqueEU]

:) Tulpen uit Amsterdam :)

;)

[rowanshole]

Australia is Different!

Buy Australian houses and become rich. Do it.

Do it now.

[corvus1970]

@ehswan, If you watch the entire crash-course, you'll see he talks about the fact that resources are finite and overtaxed, and does so on several occasions. He has taken it into account.

[ehswan]

"infation will dictate house prices" is wrong. Though I like this guy I think he by this statement fails to take into consideration the dwindeling resourses of our over taxed Mother Earth.

[danpt2000]

Good information, time to think about the next step, protect your wealth from Bankers and Politicians.

[xapu]

THEN... last year's boom price on oil WAS a bubble!

[WhatsUpWithOurWorld]

So if we just popped a 20 year debt and housing bubble, it will take 20 or more years for prices to return to 1980's levels and than be horizontal for a very long time. Ouch.