Your "Adjustment Reaction" Will Be Your Fate
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 16 June 2022
⏱️ 31 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello everyone, Dr. Chris Martinson here with you. |
| 0:12.0 | I am traveling today, so I can't do a live cast, but I'm going to do this pre-recorded |
| 0:16.6 | intro. |
| 0:17.6 | We're going to be going through a piece called the adjustment reactions, really important. Now, let me look at my phone here real quick. Yeah, the Dow is down another 700 |
| 0:25.9 | points as I'm recording this here on Thursday, about, I don't know, 12 o'clock local time here. |
| 0:32.5 | Down in Belize, I'm at this incredible investment conference right here. We've got Danielle D. |
| 0:36.4 | Martino Booth here. We got George Gammon. We've got some incredible people here. And the consensus is, |
| 0:41.1 | among everybody who looks at all the big data is that we're coming into a pretty intense recession. |
| 0:46.9 | So what does that mean? Well, you know, recessions, they kind of painful. And a lot of people |
| 0:52.3 | are going to have to make some new decisions. |
| 0:55.5 | People could lose jobs. |
| 0:57.0 | Things happen during recessions. |
| 1:02.1 | This one is going to probably be ridiculously bad because the Federal Reserve, in their infinite lack of wisdom, managed to go out there and do things they shouldn't have done, |
| 1:06.9 | which was poor trillions of dollars in Crete enormous bubbles, housing bubbles, bond bubbles, stock bubbles, very painful when even one bubble burst, ultra painful when several of them go at once. |
| 1:18.6 | Inflation out of control right now by their standards, by my standards, maybe by your standards, which means the Fed's going to have to go farther and deeper than most people are prepared for. |
| 1:27.6 | Just yesterday, the Federal Reserve raised interest rates by 75 basis points, that's three-quarters of a |
| 1:34.5 | percent, and that is historically an unusually large amount, and an unusually large amount at a time |
| 1:42.0 | when there's a lot of leverage, a lot of debt in the system. |
| 1:45.0 | Okay, what does all that mean? |
| 1:47.0 | It means you have to be ready. We all have to be ready for a big drawdown. |
| 1:51.0 | The consensus is that, well, maybe if this is a time to have dry powder, make sure that you have cash saved up |
| 1:59.0 | because there are probably better prices for things coming in the future |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Chris Martenson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Chris Martenson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.