THE NEXT WAVE: How to Make Mega Profits with the Next Debt Collapse provides essential advice on the next big opportunities for making mega profits, including precious metals, emerging markets, cannabis, AI and 3D printing, crypto currencies, green and alternative investments, and rare earth metals, and it will guide investors on how to evaluate these opportunities and get rich!
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The World is Reaching the End of the Debt Super Cycle
We are coming to the end of an era; a debt era that has continually picked up steam and accelerated since the 2008 financial crisis. Since the United States got off the gold standard in 1971, we have seen an explosion of debt at all levels of the global economy. From government debt, consumer debt, investment corporate debt, junk corporate debt, student debt, to emerging market debt; the list goes on. When the global economy went pure fiat (referring to government issued currency) in 1971 it meant that nothing backed the fiat dollars and other currencies in circulation, so governments could defacto print as much money as they wanted.
In THE NEXT WAVE, Skiarica convincingly argues we are nearing the endgame of this debt super-cycle and the “Corona Crash” is the catalyst for the impending transition. Since 2009, we have seen a gross acceleration of the aforementioned debt bubble. During the worst periods of the 2008 financial crisis, governments saw an explosion in deficit spending to keep economies afloat, and in many cases had to rack up enormous deficits in order to bailout the financial system.
Nowhere is this more apparent than in the United States, the global superpower and largest economy in the world, where nearly ten years into an economic expansion, deficits were running over $1 trillion (nearly 5 percent of GDP prior to 2008). This failure to properly manage deficits in a time of economic prosperity leaves us in a position to increase our debts to 3-4 trillion or nearly 15 to 20% of GDP as the government attempts to bailout the economy!
THE NEXT WAVE: How to Make Mega Profits with the Next Debt Collapse provides essential advice on the next big opportunities for making mega profits, including precious metals, emerging markets, cannabis, AI and 3D printing, crypto currencies, green and alternative investments, and rare earth metals, and it will guide investors on how to evaluate these opportunities and get rich!