Hello everyone and welcome into crush the street.com. I'm Kenneth Amateur and I got a brand new guest

on the line with me here. James Corbett and he's got the Corbett Report.com. And he's been living and working in Japan since 2004.

And he started the Corbett Report website in 2007. And he calls it an outlet for independent,

critical analysis, politics, society, history, economics. This is the kind of website and the kind of guy that's

going to really dig deep, go behind the curtain and talk about things that really the mainstream

media isn't talking about. And I feel like we're going to get some good insight today on

what's going on in the economy and maybe some things the mainstream media isn't covering and

you know he's he's done a ton of research out there he's an economist he runs a podcast

and he's an editorial writer for the international forecaster and so without any further ado, James, thanks for coming on. Crush the

street with me here. Well, thank you for having me on. It's a pleasure to be here. Well, in

latest news, we've had another Fed right hike. And I guess my question is, in your opinion, when is this

going to start to hurt as Powell is signaling

aggressive rate hikes going forward here? Is it going to start to hurt is the real question?

Because we now live in this economic fantasy land where bad news is good news. So every time

there's some potentially economically

cataclysmic news, the market celebrate and reach new record highs. Because, of course,

I think the fundamental breaking point was reached a decade ago when we saw the financial

crisis and we saw the results of that financial crisis. One of the greatest moments of anxiety and potential cataclysm in recent economic history

was met with trillions upon trillions of dollars of bailouts for Wall Street and connected

to banking institutions.

So the idea of any sort of moral agency in the economic

sphere has been fundamentally removed from the scene so that now investors are assured that if there

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