Vicious Out of Control Downturn Coming – Chris Martenson with Greg Hunter

Chris Martenson – $40 Trillion Lost in Next Crash

by Greg Hunter
USA Watchdog

Economic researcher and co-founder of Peak Prosperity, Dr. Chris Martenson, says, “Here’s where we are in the larger story. World economies can’t grow anymore, at least not like they used to. We are not going to see 3, 4 or 5 percent real growth. The pie is no longer expanding like it used to, and here’s the problem. The banking overlords got used to a certain take or lifestyle. . . . They became addicted to a certain amount of skim, and when everything is expanding, the banks can skim, and there is enough left over for things like middle class and 401ks to go up and pensions to be funded. When the economy is not growing fast enough, and the skimming continues, then there is not enough left over for other people. That’s where we are in the story. That’s step one. Step two is will the banks convert all of their loans into physical hard assets, and the answer is yes.”

The economy and banks are more debt filled than ever, and Dr. Martenson goes on to point out, “There is one thing we have a lot less of, and that’s trust. I don’t know anybody who loves these markets. Everybody is highly distrustful of them. All of the big money people that I talk with, all them have one foot right next to the exit. Everybody is convinced they will be able to get out just a little faster than the next guy. I think they are mistaken in that regard. Without that trust, and without that ability that the authorities are going to be able to contain it, I think we could see a very vicious downturn, something that gets out of control of the central planners. . . . Markets have a way of winning out in the end.”

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