A weekly summary from Chris Martenson:
Below is the content published on ChrisMartenson.com within the last seven days. Included are Chris Martenson’s blog posts, the Daily Digest, What Should I Do?, Martenson Reports, and upcoming events.
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CHRIS MARTENSON’S BLOG
Friday, March 18, 2011, 11:10 am, by Adam
Bud Conrad, Casey Research’s chief economist, believes that our historic paradigm of continuous economic growth has reached an end. In his view, we have been funding growth in recent decades via first issuing an unsustainable amount of public and private debt, and more recently by runaway money printing. This has led to a temporary sense of calm – which Bud calls the ‘eye of the storm’ – which he believes we are now emerging from into much more troubled waters.
The tragic developments in Japan are likely to serve as one of (probably several) the catalysts that will trigger market dislocations that will accelerate the collapse. He and Chris are concerned that the global economy is unprepared for the world’s third largest economy to quickly shift from being a net exporter of goods and funding to a consumer of them.
Click the play button below to listen to Chris’ interview with Bud Conrad (runtime 43m:33s):
Download/Play the Podcast
Report a Problem Playing the PodcastIn this podcast, Bud and Chris explore:
Wednesday, March 16, 2011, 4:05 pm, by cmartenson
Important note:
It is with a heavy heart that I am now issuing the highest level alert to my readers than I have to date. The threshold for an alert is one or more world events that personally cause me to take action.
I’m making this alert publicly available less than 36 hours after releasing it to my enrolled subscribers given its importance and the speed at which events are accelerating.
The substance of this alert centers on the unknown aftershocks that may result from the world’s third largest economy, Japan, rapidly shifting from an exporter of funding to a consumer of it. In situations like these, we are by definition operating with incomplete and often confusing information, and events are developing more rapidly than they can be fully analyzed and internalized. We regret in advance any mistakes that we might make due to making calls and decisions in this highly fluid environment.
This alert warns you that major world-changing events are now underway and that your personal preparations for an uncertain future should either be completed or take on a new sense of urgency. On the basis of the information contained here and in the past two days of posts, I am personally ratcheting up my preparations, making purchases, and topping off what needs to be topped off.
Important caveat: At this point in time, I cannot fully support 100% of my concerns with hard data and evidence. Some of what has tipped me into this state of urgency is data, evidence, and stories that I can point to. Some is due to the absence of data or information, the remainder results from watching market gyrations and correlations shift into new patterns, which tell me something is afoot.
I have not been this concerned since October of 2008.
Friday, March 18, 2011, 10:43 am, by DailyDigest
- Bahrain’s Central Location And Geopolitical Importance To The U.S. And KSA
- China Ends America’s Century Old Manufacturing Dominance
- NY Fed Confirms Intervention In Currency Markets
- Currency Wars: RIP Shadow Banking System, Long Live QEx!
- Japan Risks Credit Crunch As Yen Thunders
- Enjoying Coffee At The Lodge With Jesse
- Hacker Group Anonymous Declares War On ‘Global Banking Cartel’
- Japan Raises Severity Of Nuclear Accident
- A Practical, Affordable (and Safe) Clean Electric Energy Plan
- Japan’s Catastrophes: Nature Strikes Back
Learn how to protect your wealth against the Three E forces using our ‘What Should I Do?’ guide
Thursday, March 17, 2011, 11:47 am, by DailyDigest
- Understanding The Deteriorating Situation In Fukushima
- Japan Catastrophe Sends Shock Waves
- How A Tokyo Earthquake Could Devastate Wall Street And The World Economy
- U.S. Government: Ever More Reliant on Foreign Investors
- Twin Threats Of Japan and Gulf Stalk Global Recovery
- Riding the Gold and Silver Wave
- Real Estate Roulette – Moscow, Russia
- Japan’s Quake And Nuclear Emergency Coverage
- G-7 to Hold Urgent Talks on Japan Quake, Global Markets
- Let The Bombing Commence: UN Set To Impose “No Fly Zone” Over Libya
- World Energy Crunch As Nuclear And Oil Both Go Wrong
- Wholesale Prices Up 1.6% On Steep Rise In Food
The 3-disc Special Edition DVD, now $24.99 in our store (NTSC or PAL)
Wednesday, March 16, 2011, 10:40 am, by saxplayer00o1
- Japanese Emperor ‘Deeply Worried’
- Last Defense at Troubled Reactors: 50 Japanese Workers
- Japan Says 2nd Reactor May Have Ruptured With Radioactive Release
- Meltdown 101: What Are Spent-Fuel Pools And Why Are They A Threat?
- The World’s Largest Nuclear Producers
- Bentley Supports Bankruptcy Over Sewer Debt
- California Schools Hold Rallies To Protest Layoffs
- Facing $80M In Budget Cuts, CPS Hears Public’s Input
- Safety Net For Jobless Rolls Up After 99 Weeks
- Louisiana Governor’s Budget Assumes College Tuition Hike
- Geithner Backs Covered Bond Bill For Mortgages
- Fed Sees Economy on ‘Firmer Footing’; Affirms Bond Purchases
- Daytona Adds Red-Light Cameras To Intersections
- Homes Sit Empty Across East Bay
- Nevada’s Boom Ends In Empty Houses
- Japan May Need 200,000 Extra Barrels of Oil Daily, IEA Says
- IEA Warns High Oil Prices Could Hit Growth
Our ‘What Should I Do?’ guide has steps to cook, see & stay warm in times of power outage
Tuesday, March 15, 2011, 10:40 am, by DailyDigest
- Japan Earthquake: Before And After
- Japan Earthquake: Rescue, Recovery, and Reaction
- Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down
- Nikkei Flash Crash – Futures Plummet 16% As All Hell Breaks Loose In Japan
- Japan Faces Nuclear Meltdown
- What Now For Nuclear Power?
- Nuclear Power: When The Answer Becomes The Problem
- What The Media Doesn’t Get About Meltdowns
- Analysis: Seawater Helps But Japan Nuclear Crisis Is Not Over
Monday, March 14, 2011, 10:49 am, by DailyDigest
- The Gathering Storm
- Quake Toll May Top 10,000 as Japan Fights Nuclear Accident
- Does Anyone Seriously Believe the Global Recovery Is Still Intact?
- BOJ Takes Action to Bolster Money Markets
- Update: Make That 15 Trillion; BOJ Raises Liquidity Injection To JPY12 Trillion ($146 Billion)
- Japan Central Bank Jumps To Help After Earthquake
- Shake Up & Change
- U.S. City Fires All Of Its Teachers
- European Stocks Tumble as Reinsurers, Utilities Fall on Japan Earthquake
- Why I’m Not Worried About Japan’s Nuclear Reactors
- Japan Earthquake: Nuclear Power Under Fire
- How a Reactor Shuts Down and What Happens in a Meltdown
Follow our steps to prepare for a world after peak oil, such as how to store & filter water
Sunday, March 13, 2011, 11:44 am, by DailyDigest
- History’s Lesson Is That Investment And Retail Banking Must Be Separate
- Mauldin: Inflation and Hyperinflation
- Veering From Peaceful Models, Libya’s Youth Revolt Turns Toward Chaos
- Hidden energy crisis in the Middle East
- U.S. farmers fear the return of the Dust Bowl
- Crisis Underscores Fears About Safety of Nuclear Energy
- Partial Meltdowns Presumed at Crippled Reactors
Get started building resilience into your life with our ‘What Should I Do?’ guide
Saturday, March 12, 2011, 11:42 am, by DailyDigest
- Tragic Quake May Add To Inflation Pressures
- Japan Faces Another Leg Down In Its Fiscal Health After Quake
- The Best-Laid Plans
- Moody’s Downgrades Spain’s Debt
- Germany Sets Steep Price to Shore Up Euro Zone
- Libya: Gaddafi Troops Take Rebel Oil Town
- Oil Prices: Held In Reserve
- Japan Expands Evacuation Around Nuclear Plant
Thursday, March 17, 2011, 6:02 pm, by Dogs_In_A_Pile
This short primer was provided by ChrisMartenson.com member Dogs_In_A_Pile in the comments to our ongoing post covering the developments in Japan. We are featuring it here given the many questions readers are asking on this topic and the importance at this time of clearly understanding risks we do (and don’t) face. It is based on his expertise developed during his military service on nuclear-powered submarines.
Radiation and contamination are used interchangeably and they are not the same thing, nor are treatment methods. You can receive radiation exposure and not need any contamination control, and you can become contaminated and not need treatment for exposure to radiation. NOTE – I am not saying that if you get contaminated you won’t receive any radiation exposure, because you will. What I am saying is that you may be contaminated with such a low level of contaminated particles that there will be no need for radiation exposure treatments. The difference is both subtle and vast.
Here is a quick primer on contamination control measures.
Wednesday, March 16, 2011, 3:45 am, by Aaron Moyer
Aaron submitted this post prior to the recent disaster in Japan. As we are now being educated in real-time as to the value of developing preparedness in advance of calamity, the guidance below becomes even more relevant. This article complements Aaron’s earlier “Practical Survival Skills 101″ posts on fire, water, and shelter.
Preface: What is an emergency?
There is an awful lot of academic banter in which we try to “identify” emergencies before they happen. Pedantic issues are categorized and specifics are assigned to them as potential resolutions. This is not a “flawed” approach, but it’s endemic in the American mindset, which is obsessed with micromanagement.
In order to distance ourselves from the details, which are too stochastic and specific, we can generally state that an emergency is a shortage of resources.
Resources can be defined as:
Sunday, March 13, 2011, 4:46 pm, by rhare
Given its simple elegance in addressing a question frequently asked on this site, this post has been elevated from the forums section. It has been updated by site members rhare and travlin since its first appearance (the original post can be read here).
I’ve been working on a way to get across to friends and family how bad the economic situation has become. I find one of the biggest problems is that when numbers are in the billions and trillions they are very hard to imagine, and people get this glazed/deer in the headlights look. So I decided to try to scale the numbers in a way that can be more easily visualized.
Below is an updated version, with many thanks to members of ChrisMartenson.com community who suggested changes/corrections, and particularly to Travlin for rewording much of the message to make it a better story. Hopefully this version will help convince others of the serious nature of the US fiscal outlook.
My Troubled Relative
I need your advice. I have a relativewho is in financial trouble. He makes $50,000 a year, but he spent $74,591 last year, and his prospects of making $50,000 this year look kind of bad. There’s a good chance he will get a pay cut.
Your faithful information scout,
Chris Martenson
ChrisMartenson.com
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