martenson

 

Few people understand what is happening and about to happen. One of these is Chris Martenson who foresaw the crisis, adjusted his lifestyle completely in advance of it and has been explaining what is happening to others. His diagnoses have been accurate and his recommendations for personal security and safety invaluable to thousands.

Mr. Martenson has written an important new piece regarding where we are now. I recommend it highly. Here is the beginning of his article:

There are clear signs of a liquidity crunch in the asset markets right now, and the question I keep hearing is, Is this 2008 all over again?

No, it’s worse. Much worse.

In 2008 there was a lot more faith and optimism upon which to draw. But both have been squandered to significant degrees by feckless regulators and authorities who failed to properly address any of the root causes of the first crisis even as they slathered layer after layer of thin-air money over many of the symptoms.

Anyone who has paid attention knows that those “magic potions” proved to be anything but. Not only are the root causes still with us (too much debt, vast regional financial imbalances, and high energy prices), but they have actually grown worse the entire time.

Read the rest of the article here: The Risks that will Cause a Global Currency Devaluation

 

Regular readers know how much I value the work of Chris Martenson. Below is a recent post of his. Part of it is available to non-subscribers. The second part is available only to subscribers. Make sure you read the first part. Then decide whether you want to subscribe. The public portion of his site is very informative, if you are unfamiliar with it.

The Martenson Report

Understanding What Happens Next  

For enrolled members only. Enroll now to gain full access to all Martenson Reports.

Wednesday, September 28, 2011, 10:15 am, by cmartenson

Understanding What Happens Next

Wednesday, September 28, 2011

Executive Summary

  • The sentiment on commodities is shifting in an important way.
  • What happens when a global credit bubble meets a secular rise in energy costs? (Answer: nothing good.)
  • The only chart you need to understand the future
  • Why the next steps of the Fed and other central banks is imminently predictable at this point
  • Given the high probabilities and their huge impact, you need to take steps now to position and protect yourself.
  • The three critical questions you need to be asking

Part I – What Just Happened

If you have not yet read Part I, available free to all readers, please click here to read it first.

Part II – Understanding What Happens Next

Global Carnage

During these turbulent periods, it’s best to back up, widen the view, and ask where we are. Since the beginning of 2011, we observe that global equities have been hammered for losses, while global oil (Brent) and gold remain positive for the year.

Interestingly, we see that commodities in general (CRB) are down less YTD than even the best performing stock market (New York), which is not quite what I would have expected. Commodities typically lose first and most in a global downturn, or rout, and the fact that they haven’t suggests that commodities are now being viewed as a safer place to be than equities. This is a stunning turn of events if it holds out going forward.

To read further, it is necessary to enroll.

 

Chris Martenson on the Investor Problem:

Debt Ceiling Dilemma: The Foul Choice Facing Investors

Thursday, July 28, 2011, 10:23 am, by cmartenson

For the record, I still believe that there will not be a breach of the debt ceiling and no overt default for the US. Things will be worked out in the nick of time, like they always are.

However, the media is full of articles wondering about what ‘investors’ might do in response to a US default and/or credit downgrade. What will happen to Treasury prices? Will they go down as investors dump them en masse in response to a credit downgrade forcing interest rates to climb?

It’s a big question and the most likely answer is “No, not really”. Partly because these so-called investors have been well-conditioned to believe that another bailout is always around the corner, but mainly because they have nowhere to go.

The big money is trapped.

To read full article ….

 

The following quote from James Turk sums up our situation quite nicely:

The rule of law has basically been thrown out the window. Money printing is the order of the day. And when politicians take control of central banks, which they have done in the United States and they are also doing in Europe, that basically destroys the currency. It puts the currency on the road to what I call the Fiat Currency Graveyard, so I expect there are going to be massive currency problems as we go forward. The financial crisis that we have been dealing with for the last several years has not been solved.

It comes from an interview/discussion between Chris Martenson and James Turk. Both are on top of what is happening so they are worth listening to.

Read or listen to the conversation.

Martenson Report on Gold and Silver

Martenson Report on Gold and Silver

Chris Martenson with an thorough analysis of gold and silver and his reasons for favoring them: This report lays out an investment thesis for gold and one for silver.  Various [...]

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Living Through Economic Collapse

Living Through Economic Collapse

Chris Martenson interviews a gentleman who lived through the Argentinean economic and currency collapse. An important interview for what may be in our near-term future. Anyone who believes this cannot [...]

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Death by Debt

Death by Debt

Chris Martenson has written an article entitled Death by Debt in which he alleges (correctly, I believe) that the problems we face cannot be fixed unless and until the excess [...]

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Martenson for The Week

Martenson for The Week

Here are some interesting reads from CHRIS MARTENSON’S BLOG. There are many more contained within the read more link. Exclusive Arnie Gundersen Interview: The Dangers of Fukushima Are Worse and Longer-lived [...]

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Dollar Going Down the Tubes

Dollar Going Down the Tubes

John Rubino, in an interview with Chris Martenson stated: At some point out there, the whole concept of fiat currency, of governments in charge of their own monetary printing presses [...]

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Martenson Interviews Wiggins on Government Insolvency

Martenson Interviews Wiggins on Government Insolvency

In a podcast, Chris Martenson interviews Addison Wiggins. The following points are explored: His shock, despite releasing numerous works in advance that predicted it, at how quickly our political and [...]

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Investing Thoughts

Investing Thoughts

In an interview of Simon Black by Chris Martenson the following topics were discussed: The nature and scope of the opportunity he sees foreign markets offer – on investing, business [...]

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Goodbye Dollar, Goodbye Normalcy

Goodbye Dollar, Goodbye Normalcy

Chris Martenson interviews Axel Merk and covers some of the following topics: Why Ben Bernanke is hell-bent on debasing the US dollar to spur economic growth How the politics of [...]

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