Wednesday, June 28, 2017

Oblivious: The Cultural Economic Crisis Nears - James Howard Kunstler

Greg Hunter | Jun 28, 2017

How does James Howard Kunstler think all the rigged financial markets and fantasy economy will play out? Kunstler says, “There is an appearance that they can carry on these shenanigans forever, but sooner, rather than later, we are going to see consequences. My guess is it will appear in the form of people losing their confidence in the value and the meaning of the money they are using. That would be a currency crisis. Right now, they have no reason to believe in the value of the things in the markets because the markets have been so distorted. Eventually, I think it will be a matter of them losing confidence in the currencies themselves. I think that’s where it’s going to start to accelerate into a major crisis of culture and economy.”

Join Greg Hunter as he goes One-on-One with journalist James Howard Kunstler, author of the new book “A Safe and Happy Place,” his 20th book.

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