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by Chris Martenson

"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.

This week's Straight Talk contributor is 'Jesse', founder and proprieter of Jesse's Café Américain (jessescrossroadscafe.blogspot.com), one of the more esteemed and veteran econoblogs. Jesse publishes regular observations on the macroeconomic factors impacting the financial markets, as well as exceptionally rich technical analysis – his price forecast charts of gold and silver are 'must reads' for anyone who seriously invests or trades precious metals. Recently, his site was rated as the fourth-most-influential blog in financial media by Mindful Money.


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1. Jesse’s Café Américain has emerged as a well-regarded source for insight into the key indicators driving the markets. Can you summarize your overall outlook for the economy and what macro trends investors and traders should be following most closely?

Stagflation has been my forecast for quite some time as the most likely outcome, with a real protracted deflation or hyperinflation as lesser probabilities.  

Straight Talk with Jesse: Concentration of Wealth & Power Is the Root Problem
by Chris Martenson

"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.

This week's Straight Talk contributor is 'Jesse', founder and proprieter of Jesse's Café Américain (jessescrossroadscafe.blogspot.com), one of the more esteemed and veteran econoblogs. Jesse publishes regular observations on the macroeconomic factors impacting the financial markets, as well as exceptionally rich technical analysis – his price forecast charts of gold and silver are 'must reads' for anyone who seriously invests or trades precious metals. Recently, his site was rated as the fourth-most-influential blog in financial media by Mindful Money.


p.p1 {margin: 0.0px 0.0px 6.0px 0.0px; font: 13.0px Verdana}

1. Jesse’s Café Américain has emerged as a well-regarded source for insight into the key indicators driving the markets. Can you summarize your overall outlook for the economy and what macro trends investors and traders should be following most closely?

Stagflation has been my forecast for quite some time as the most likely outcome, with a real protracted deflation or hyperinflation as lesser probabilities.  

by Chris Martenson

"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.

This week's Straight Talk contributor is John Rubino, publisher of DollarCollapse.com, a popular hub for news impacting the economy. John is the author of several well-received books foretelling (years in advance) the collapse of the housing market and the decline of the US dollar. Before starting his website, John was a featured columnist with theStreet.com, Individual Investor, and a number of other influential financial publications. His perspective on Wall Street and the currency markets is shaped by his past roles as a Eurodollar trader, equity analyst and junk bond analyst in the 1980s.


1. Several times, you’ve published prescient forecasts when it mattered. For example, you and James Turk published The Coming Collapse of the Dollar and How to Profit From It in 2004 – about a year and half before the US Dollar Index dropped from 90 to nearly 70. Similarly, How to Profit From the Coming Real Estate Bust was released in 2003. What led you to accurately predict these major market moves so far in advance?

I’ve been involved, one way or another, with financial bubbles for most of my life.

Straight Talk with John Rubino: The Damage Is Already Done
by Chris Martenson

"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.

This week's Straight Talk contributor is John Rubino, publisher of DollarCollapse.com, a popular hub for news impacting the economy. John is the author of several well-received books foretelling (years in advance) the collapse of the housing market and the decline of the US dollar. Before starting his website, John was a featured columnist with theStreet.com, Individual Investor, and a number of other influential financial publications. His perspective on Wall Street and the currency markets is shaped by his past roles as a Eurodollar trader, equity analyst and junk bond analyst in the 1980s.


1. Several times, you’ve published prescient forecasts when it mattered. For example, you and James Turk published The Coming Collapse of the Dollar and How to Profit From It in 2004 – about a year and half before the US Dollar Index dropped from 90 to nearly 70. Similarly, How to Profit From the Coming Real Estate Bust was released in 2003. What led you to accurately predict these major market moves so far in advance?

I’ve been involved, one way or another, with financial bubbles for most of my life.

by Dogs_In_A_Pile

This short primer was provided by PeakProsperity.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.

 

Quick Primer on Contamination Control Measures
by Dogs_In_A_Pile

This short primer was provided by PeakProsperity.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.

 

by Aaron M

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? 

 height=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:

 

Practical Survival Skills 101 – Understanding Emergencies
by Aaron M

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? 

 height=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:

 

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 PeakProsperity.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.

 

How to Explain the Current Economic Situation to Friends & Family
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 PeakProsperity.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.

 

by Chris Martenson
ShadowStats’ John Williams Explains Why It’s All Been Downhill Since 1973
by Chris Martenson
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