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Welcome.
My name is Chris Martenson. I'm not an economist. I'm a trained research scientist, and a former Fortune 300 VP. Most importantly, though, I'm a concerned citizen.
I think the next twenty years are going to look very different from the last twenty years. This site is my attempt to explain why.
You should start with the Crash Course. This series of videos is, I think, the clearest and most straightforward explanation of how our economy, energy systems and environment interact -- how we got to where we are today, and some reasonable expectations for the future.
Thanks for visiting my site, and hope to see you back here often.
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Marlboro College MBA Talk – RSVP Required
Just a quick correction to an event announcement that previously appeared. I will be speaking at Marlboro College’s MBA Program in Brattleboro, VT on Friday, March 26th at 5:30PM. The event is open and free to the public. However, because of limited seating, we must ask for RSVPs in advance. Seats will be available on a first-come, first-served basis until all seats are filled. read more »
- cmartenson's blog
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Daily Digest - March 17
- Christie Seeks To Suspend N.J. Tax Rebate, Skip Pension Payment
- Garden State To Skip $3 Billion Pension Contribution
- 'I Borrow Money to Buy Food,' Says City Employee
- Working Families Onto Welfare Rolls in City of Detroit
- Vallejo Struggles To Keep City Safe During Bankruptcy
- ECB’s Stark Sees Sovereign Debt Crisis Risk Unless Deficits Cut
- National Debt Up $2 Trillion on Obama's Watch
- 'India Will Muddle Along Until The Debt Crisis Hits'
- Canadian Finance Chief Warns U.S., Others On Deficit
- U.S. Debt At No Risk Of Downgrade - Geithner
- German Defense Cuts Loom as Merkel Fights Record Budget Deficit
- Schwarzenegger Will Veto $1.1 Billion Gasoline-Tax Swap Measure
- 'Live Within Your Means,’ Citizens Tell City Leaders
- Feldstein Sees Greece Euro-Exit Pressures as Deficit Plan Fails
- CMS Cuts Could Mean Hundreds Of Layoffs
- Mayors Seek $50 Billion to Upgrade U.S. Water, Sewer Systems
- National Debt Easily Passes $12.6 Trillion
- Red Tape Complicates Postal Service's Fiscal Repair Plan
- Schools on the brink: Districts could run out of money
- As Economy Booms, China Faces Major Water Shortage
- IRS, DOJ Use Social Media Sites To Track Deadbeats, Criminal Activity
- IRS Comes Knocking … For Four Cents
- saxplayer00o1's blog
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Pumps On Full
I am truly amazed at what I am seeing out there in the markets these days. I also understand and share the frustration of the many analysts who know what "should" be happening but is not.
What should be happening is massive, self-reinforcing deflation caused by debt destruction and resulting from the housing bust and retreat of consumer borrowing.
These are harrowing figures: read more »
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Nowhere To Run - A Monetary Crisis 
Note: This report is for enrolled members only. Join now to gain full access to all Martenson Reports.
Saturday, March 6, 2010
Executive Summary
- Nations around the world are insolvent and on their way to bankruptcy, a fiscal crisis, a currency crisis, or all three.
- World markets are currently interlocked to a troubling degree.
- A falling currency is always a cross-border event.
- The German DAX, the Dow Jones, and the FTSE 100 charts are nearly indistinguishable.
- A bigger trigger than Greece will be needed to set off the next round of global trouble.
- The UK is a highly qualified candidate for that role; Japan is also a likely possibility.
- Expect the unexpected. The future is going to change suddenly and rapidly.
A significant issue facing all of us concerns the idea of a large decline in the value of our home currency, whatever currency that may be. History is full of examples of currencies suddenly, and sometimes permanently, losing value. Certainly, there is no greater financially traumatic event than having all of your perceived wealth evaporate like water on hot steel simply because your currency fails.
Once upon a time, evaluating the relative risks of various currencies was pretty straightforward, as they were independently run and market forces gave pretty clear signals. Today, the major currencies are hopelessly intertwined, manipulated by central banks, and are therefore providing relatively poor information to market participants.
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FDIC Is Broke - Now What?
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Sunday, August 16, 2009
Executive Summary
- With the most recent bank failures, the FDIC is out of funds.
- The FDIC is levying a one-time fee on member banks to cover the shortfall, but it will not be enough and it punishes the prudent.
- The FDIC has been suspiciously slow at shutting down banks that have admittedly already failed.
- Banks have been allowed to overestimate the actual worth of their assets using "mark-to-fantasy" accounting.
- Hundreds of banks are likely already mortally wounded and set to fail.
- The FDIC means well, but creates a moral hazard the effects of which now haunt us.
- Take prudent action: Choose only high-rated banks, and keep cash out of the bank.
Five more banks failed this week, resulting in a long weekend for the FDIC (see below). The largest of these, by far, was Colonial Bank, which will cost the FDIC some $2.8 billion. And that's assuming that their loss estimates pan out as expected and that the $15 billion in shaky assets on which the FDIC will share future losses do not turn into larger-than-expected losses.
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Economy & Energy - At the UK Parliament
Duration: 01:26:10 — File Size: 82.73 MB
Audio of Chris' presentation to the UK All Parliamentary Party Group On Peak Oil plus Q&A afterwards. read more »
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