The collapse will be waged

Chris Martenson

In a podcast, Chris Martenson interviews Addison Wiggins. The following points are explored:

His shock, despite releasing numerous works in advance that predicted it, at how quickly our political and financial leadership panicked and abandoned fiscal sanity during the crisis of 2008.

Why it may very well be too late to avoid a collapse of our economy. Forget how painful or unpopular the corrective steps we need to take are – we simply cannot afford them in our current national condition.

How the bond market will be the battleground upon which the collapse will be waged. The trigger point will be the moment at which the government is forced to raise interest rates above what it can afford to finance continued obligations.

Why the Fed is between a rock and hard place trying to stave off this endgame, which Addison sees as inevitable. Recommencement of quantitative easing (or any such QE3 variant) will likely serve as the match to the bond market powder keg.

Despite the risks and the growing certainty of the outcome, many average Americans still put substaintial blind faith in their leadership. Those who see with a critical lens are at a distinct advantage at this point in the timeline if they take informed action to position themselves against currency debasement. Hard assets and energy are obvious choices.

How Addison sees the major thrust of our current trajectory ending the US dollar’s position as the center of the world economy – likely evolving to a shared structure with the major Asian players. During this transition, living standards to which Americans are accustomed will fall – especially as the reality of Peak Oil arrives in full force on the world stage.

Why investment opportunities in this next century will be best seized by smaller nimble players vs. the large corporations and institutions of the past. Life sciences and energy innovation are particular areas of promise.