Peak Prosperity, Released on 3/15/20
To Watch Update #47, CLICK HERE
As the number of covid-19 infections outside China now exceed those within, the masses across the world are starting to panic. Empty grocery store shelves. Fights over toilet paper. Schools closing and sending students home en mass. Desperate pleas from health workers to stay home when sick unless in truly dire condition. And this with just 170,000 total worldwide cases (that we know of). Now, just imagine what the fear factor will be like when that number is 1.7 million. Or 17 million. Or 170 million. Or (and this is possible) 1.7 billion.
Chris predicts that more national lockdowns — as we’ve seen so far in China, and now Italy, Spain, and a fast-increasing number of other countries — are likely to be announced soon. These will be mandatory quarantines enforced by the police/military. Most folks are just getting their brains around the reality that they’re not going to be able to go to work, or their kids to school, for the foreseeable future. How many of these are ready for a 1-2 month forced lockdown? Well, we may not have to wait long to see.
In today’s video, Chris runs sensitivities on a simulator to demonstrate how such lockdowns really are the only effective way to “flatten the curve” and reduce the overwhelming of our health care systems. Lockdowns are no fun and create a host of challenges and sacrifices. But they may be absolutely necessary. This is our generation’s “victory garden” campaign.
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar which later became a book called The Crash Course. Chris’ latest book (co-authored with Adam Taggart) is called Prosper!: How to Prepare for the Future and Create a World Worth Inheriting.