Get ready for mass layoffs, bankruptcies spreading like wildfire, and an extinction-level event for many businesses. Here’s more…
Editor’s Note: Chris has released two videos today.
Coronavirus: New Data Introduces (Some) Hope
For those asking how best to SUPPORT Chris & Peak Prosperity in their efforts to provide continuing coverage of news that matters: www.peakprosperity.com/enroll/
What should I do to protect myself from the coronavirus? How long will the threat last? Will it go away when summer gets here? Will we eventually developed ‘herd immunity’ and, if so, when will it start to kick in?
These are just some of the many questions viewers and readers like you are asking us, and Chris does his best to address these as best he can in today’s video.
And while the virus continues its global exponential spread, we are starting to see some positive news begin to trickle in.
For example, it’s looking like the majority of folks who get the virus will not be contagious for as long as previously feared.
And, it looks like good ol’ hand soap is surprisingly effective at inactivating covid-19. So wash your hands — a lot!!
While the data continues to show the vast bulk of coronavirus infections lie ahead of us, there is much each of us can do to avoid becoming a victim ourselves, and to help slow the outbreak’s rate of spread.
Reading the coronavirus preparation megathreads available for free on PeakProsperity.com is a great way to get started:
1) Coronavirus: Sanitation, PPE and Self Quarantine Megathread https://www.peakprosperity.com/forum-…
2) Coronavirus: Medicinals, Herbals and Supplements Megathread https://www.peakprosperity.com/forum-…
3) Coronavirus: Home Prep, Deep Pantry & Gardening Megathread https://www.peakprosperity.com/forum-…
For years, Peak Prosperity has been raising a loud warning of the ‘Everything Bubble’ that the world’s central banks have blown in global asset prices.
Over that time, we’ve debated with hundreds of economic experts on what will be the trigger to “pop” this mania.
Well, now we’re finding out.
The economic damage being wrought worldwide by the coronavirus is the black swan the system never saw coming. Trade is being strangled, and the necessary productivity needed to support that massive increase in global debt that has been taken on over the past decade is just not there.
Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries — like travel, hospitality, and the shale oil drillers — this will be an extinction-level event for many players.
As ugly as the swift -19% drop in markets from from February’s highs has been, this is just the start of the reckoning, folks.
To give you a clear understanding what to expect during the bursting of the largest asset bubble in world history, Chris rushed to record this interview with John Rubino, author of ‘The Money Bubble’
And once you’ve watched this video, then watch this interview — recorded the same day — with Peak Prosperity’s endorsed financial adviser, offering practical guidance for investors in this highly volatile market: