Last year was renowned for being the year of the mother all bubbles. You had a bubble in stock markets. There is a dangerously inflating student loan bubble. The car loan bubble is worsening.
Yet the biggest and most perilous bubble of all is the debt bubble. The danger is that any or even all of these bubbles can explode at any time.
The scary part of it is that the federal reserve is to blame with its conflicting monetary policy. They have flooded the system with easy and cheap money. This created the bubbles in the first place. The bubbles then become self-sustaining monsters that finally explode. It ends in tragic crisis every time. Then the Fed just repeats it all again.
It was only a decade ago that saw the biggest financial bubble in the history of time explode and nearly wipe out the whole world’s banking system and interconnected global economy. This Global Financial Crisis and Great Recession was so bad that many people have never recovered from it ten years later and with the next one already brewing. Take a look at the eye watering losses suffered in the Global Financial Crisis in this chart below:
It is important to remember that we have been here where we stand on the verge of another financial crisis and bubble implosion before though, and not once but twice in only the last two decades. Let us not forget that in the year 2000, another bubble known as the Internet bubble exploded violently.
This destroyed most dot-com and technology stocks once and for all. The ones that survived the carnage went on to become the Googles, Amazons, Facebook and Netflix mega companies of the world. At the peak of this tech bubble, the entire stock market cap value was 180 percent that of the entire U.S. economy (measured by GDP).
This means that the tech stock bubble proved to be two times the size of the entire 1920’s stock market bubble that became infamously known as Black Monday and the Great Depression. Scarier still is the fact that the tech bubble was nothing compared to the housing bubble-fueled financial collapse in the Global Financial Crisis. Credit losses from the implosion of the American housing bubble were so ruinous that the entire banking system of planet earth stood in peril of collapse, from the U.S. to the U.K., to the Netherlands, Spain, Ireland, Germany, Italy, and France, and on to Japan, Hong Kong, South Korea, and Singapore.
The sad part is that the Fed tragically does know what is going on now. They even admit to it by accident once in a while. Federal Reserve Board Member James Bullard is the eloquent mouthpiece of the Fed over the last decade. Back in 2013 he admitted that “the bubbles we had in the past were gigantic and obvious.”
In November of that same year, he revealed that the tech and housing bubbles were both “blindingly obvious.” Alan Greenspan the Fed chairman during the run up to the dot-com bust stated that regarding the failure of Lehman Brothers back in the month of October in 2013, “We missed the timing badly on September 15th, 2008. All of us knew there was a bubble.” That was the day that Lehman Brothers collapsed and nearly destroyed the global financial system in a matter of hours.
Is Your Retirement Portfolio Protected from A Debt Bubble Implosion-Fueled Financial Crisis?
It is the easy money that inflated the prior two bubbles. We have now reached the tragic conclusion of the latest easy money scenario. The Fed has played its final hand. It is only a matter of time until the results catch up with the real world economy. The tragic difference this time around is that the U.S. government possesses an over $21 trillion national debt that is over 100 percent of the entire economy. Sadly Uncle Sam will not be able to float or loan its way out of this next debt-fueled crisis.
There is some good news. You do not have to lie awake all night long attempting to decide how you can protect your retirement portfolio in the implosion of the next debt bubble. Gold can be your sword and shield. The yellow metal has already proven its time-tested historical role as the world’s monetary guardian for the majority of recorded history. This yellow, safe haven currency metal will also protect your own retirement portfolio like it has for millennia now.
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