The Nonconformist: When the bubble bursts (E18)

This edition of The Nonconformist is free for everyone. We send this email to our free subscribers weekly. If you enjoy our research and want to support us, please share with someone who might be interested in listening! In today’s episode we discuss the following topics: Update on the financial markets. COVID-19 update and its effects on the economy. What it means when consumption and output stop in an economy. How a credit-based economy works and why negative interest rates mean the end of this system. Why we document History. Helicopter money and the efforts by governments to ease the severity of this crisis. What businesses could prosper during this crisis. Recommended Reads: The Rise and Falls of the Great Powers (Paul Kennedy): https://amzn.to/2WoLIOt The Internet of Money (Andreas Antonopolous): https://amzn.to/2Wh02Ix The Untold History of the United States (Oliver Stone): https://amzn.to/39X0kbt Some snippets from today’s episode: What a time to be alive! There is so much going on and so fast that it can be hard to cover but we’re bringing you a Nonconformist’s view to all these recent events. Now that the U.S. interest rates are at 0%, the system we’ve known since 1971 is coming to an end. A credit-based economy needs to operate off positive interest rates…and that window is quickly closing. It is now clear that the economy is collapsing much faster than it did during the 2008 subprime mortgage crisis….the charts have just been incredible to watch. In light of all these recent events, the federal reserve has once again started the printing press with an attempt to kickstart the economy by purchasing assets and inflating the money supply. We don’t believe this will work because of the fact that monetary policy no longer works at such low-interest rates….we expect to see a rise in inflation going forward. Some of the organizations benefiting from this newly supplied money are the same people who inflated this bubble in the first place: banks and corporations. We will begin to see sweeping bailouts as we did in 2008 for Boeing and many other businesses. With all the chaos going on in the world, you’ll need someone to tell you the facts as they are. This is why we are here. This is why we document history. Tune in for a nonconformist’s view! Authors: Joseph Rapisarda & Michael Figueroa The newsletter the nonconformist, operating under Nonconformist, LLC, is a participant in the Amazon Services LLC Associates Program. As an Amazon Associate, we earn from qualifying purchases. Get on the email list at thenonconformist.substack.com