My name is Chris Martenson. I think the next twenty years are going to look very different from the last twenty. I want you to understand why.
New here? Start with the Crash Course. This series of videos clearly explains how our economy, energy systems and environment face increasing challenges, and explores likely implications for the future.
My primary goal is to position you for a positive tomorrow by taking appropriate action today. I built this site to help you stay informed, protect wealth, build resilience into your life and community, and connect with other concerned citizens. Hope to see you back here often.
Off the Cuff: Fasten Your Seat Belts 
For enrolled members only. Enroll now to gain full access to all Martenson Insiders.
In this week's Off the Cuff with Mish & Chris podcast, Mish has the week off, so Chris and I sit down to discuss:
- Europe: what will be the implications of the newly elected leadership in France and Greece?
- Gold: will the free fall in price end soon?
- The Markets: will things stabilize soon, or is a bigger correction in the picture?
There is a lot of news afoot this week, including the breaking announcement today from JP Morgan admitting to unexpectedly large trading losses (in the $billions) right after this interview was recorded. We appear to be entering a time in the markets where it's important to make sure your seat belts are securely fastened.
Click the play button below to listen to the first few minutes of the podcast. Enroll to access the entire discussion, as well as all of the premium content this site has to offer.
Get Ready: We’re About To Have Another 2008-Style Crisis
Well, my hat is off to the global central planners for averting the next stage of the unfolding financial crisis for as long as they have. I guess there’s some solace in having had a nice break between the events of 2008/09 and today, which afforded us all the opportunity to attend to our various preparations and enjoy our lives.
Alas, all good things come to an end, and a crisis rooted in ‘too much debt’ with a nice undercurrent of ‘persistently high and rising energy costs’ was never going to be solved by providing cheap liquidity to the largest and most reckless financial institutions. And it has not.
Forestalled is Not Foregone
The same sorts of signals that we had in 2008 are once again traipsing across my market monitors. Not precisely the same, of course, but with enough similarities that they rhyme loudly. Whereas in 2008 we saw breakdowns in the credit spreads of major financial institutions, this time we are seeing the same dynamic in the sovereign debt of the weaker European nation states.
read more »
- cmartenson's blog
- Login or register to post comments
- 781 reads
Daily Digest 5/16 - Student Fees Increasing, Over 55 And Jobless, Why So Many Ph.D's Are On Food Stamps
- Saverin dumps US citizenship ahead of Facebook IPO
- Italy Economy Contracts Most in Three Years on Recession
- IMF head says Greece could leave euro
- New Jersey April Revenue Collections 5.3% Below Budget Goals
- SNAP faces billions of dollars in cuts
- Shelling out to use Sonoma Coast beaches
- Recession hits "pretty grim" EU states in the east
- Metals Thefts Spike 400 Percent In One County
- Half of college grads working full time, with less pay, deep debt
- Greek Banks See Deposit Withdrawals
- In about-face, Greece pays bond swap holdouts
- Foreign holdings of US debt hit record high
- China faces pressure to reverse economic slump
- Why So Many Ph.D.s Are On Food Stamps
- Student fees increase
- KU proposes tuition hike of nearly 5 percent, effective next fall
- MnSCU proposes tuition increases for St. Cloud State, tech college
- Milliman: Healthcare costs for American family exceed $20,000 in 2012
- Over 55 and jobless, Americans face tough hunt
- Financial Troubles Continue for City of Lincoln
- Kuwait risks exhausting oil savings by 2017 - IMF
- Italy's banks shaken as economic slump deepens
Own the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)
- saxplayer00o1's blog
- 2 comments
- 87 reads
Special Offer - Gourmet Reserves Food Systems
5% Special Discount for ChrisMartenson.com Readers
We are pleased to announce that PrepareDirect is offering ChrisMartenson.com members a special discount of 5% off all Gourmet Reserves Food Systems (this is an additional 5% off PrepareDirect's low prices).
Gourmet Reserves, the food reserves division of AlpineAire Foods was introduced in 1989 to address the growing need for high quality, convenient, familiar, and real shelf-stable food products. The emphasis is on nutritious freeze-dried, instant, and specially dehydrated foods that include both a wide variety of exciting complete meal recipes, and many individual items.
- jasonw's blog
- Login or register to post comments
- 780 reads
What To Do When the Central Banks Blink 
For enrolled members only. Enroll now to gain full access to all Martenson Reports.
by Chris Martenson
Wednesday, May 16, 2012
Executive Summary
- Where the gold price is most likely to go from here
- History rhymes: Why today resembles 2008
- How to best deploy your capital once the central banks announce the next round of money printing
- Why prudent actions you can take now are so much more valuable than the options you'll have once the correction is underway
Part I: Get Ready: We’re About To Have Another 2008-Style Crisis
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: What To Do When the Central Banks Blink
Where Gold Goes From Here
While I personally would not part with my gold these days, and certainly not at these prices, I do expect the price of gold to drop going forward.
The reason is that gold has multiple elements contributing to its price, and some of that is attributable to the speculation and rampant liquidity that is sloshing through the system. Various hedge funds and other speculative funds are holding quite a bit of gold, mainly the paper variety, and when they dump that because the tables have turned and/or their liquidity sources have dried up, they will sell that paper gold and the apparent price will go down.
Further, weak hands holding gold via the GLD ETF will be shaken out during a liquidity crisis, putting physical gold back onto the market.
However, it is my strongest contention that this will represent a very nice buying opportunity. Someday, nobody knows when, the central banks will announce another big round of thin-air money printing and that will be a turning point in the price of gold (and many other things, including stocks and commodities).
read more »- 1 comment
- 250 reads