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

Chapter 15 (Bubbles - Part 2 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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[Jesusizjdoe]

The dollar is about to die

The question is who has been buying up the gold and are they (the fed) going to reintreduce the gold standard alongbwithva new currency l?!

[TheCameo86]

I feel like im taking crazy pills it was horrible connected corporate banking interests to create such a shitty deal to cannibalize capital on unproductive assets.

[AngeliqueEU]

the houses got really expensive when the Second familiy income was counted for a maximum finance 100%

before that the second income was only a % what you could get from the bank.

With two incomes male/female (kids to school or otherwise daycare) the family could get TWICE as high money and could buy a more expensive house .. so house prices rise

[riverlioness]

Ben Bernanke: Bubbles? What bubbles? Bubbles are non existent.

[Thorneization]

Buy silver and gold.

[MrShaolin10]

Your videos are great. Thanks for keeping it objective and unbiased.

[pismo10]

Big govt destroying another country. Same story for 5000 years..

[Jesusizjdoe]

Get some tools and start digging up your yard

Or

Sell up and move too eigg (that is with an "I")! NOW

[TheAttackRat]

OMG i literally yelled 'yes' after hearing this guy supported Austrian economics... i mean he made it pretty clear. but still...

If you're still a keynesian in this day and age, you should probably go find yourself a cave, cos you ain't gonna have a house after this bubble. ;-)

[TheAttackRat]

@philnoll look into austrian economics.

[philnoll]

Yeah. I think I saw this a little bit late.