Chris Martenson
“I see more inflation and more currency turmoil as we go forward. There are huge debt imbalances in the world. U.S. is the largest debtor nation in the world and all the assets are in Asia. The largest creditors in the world are China, Korea, Japan, Taiwan, Hong Kong, Singapore – this is where the assets are and the debts are in the West. Those imbalances have to be resolved. They frequently lead to more currency turmoil. We’ll see more inflation, we’ll see more governments fall. We just saw Tunisia fall – more are coming because the world is going to continue to have these problems, and especially inflation that is going to cause more social unrest.”
"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 Paul Kedrosky. Paul is an investor, writer, entrepreneur and editor of the widely-followed econoblog Infectious Greed. He is a prolific engine of commentary on the economy, the markets, and society – often looking through the lens of how technology serves (and dis-serves) all three. Paul is also a Senior Fellow at the Kaufman Foundation, an advisor to Ten Asset Management, The Berkeley Center for Innovative Financial Technology, and other companies and venture capital firms. He tweets tirelessly via @pkedrosky.
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1. You spend your time focusing on the intersection of entrepreneurship, innovation and the future of risk capital. From your vantage point, what are the most important trends you see right now to be driving – or threatening – the advancement of our society?
The list is endless. High on that list, however, is financialization: the absurd, uneconomic and disastrous distortions introduced into the U.S. economy by its overreliance on the financial sector.
Straight Talk with Paul Kedrosky: Don’t Count on Technology To Save Us
"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 Paul Kedrosky. Paul is an investor, writer, entrepreneur and editor of the widely-followed econoblog Infectious Greed. He is a prolific engine of commentary on the economy, the markets, and society – often looking through the lens of how technology serves (and dis-serves) all three. Paul is also a Senior Fellow at the Kaufman Foundation, an advisor to Ten Asset Management, The Berkeley Center for Innovative Financial Technology, and other companies and venture capital firms. He tweets tirelessly via @pkedrosky.
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1. You spend your time focusing on the intersection of entrepreneurship, innovation and the future of risk capital. From your vantage point, what are the most important trends you see right now to be driving – or threatening – the advancement of our society?
The list is endless. High on that list, however, is financialization: the absurd, uneconomic and disastrous distortions introduced into the U.S. economy by its overreliance on the financial sector.
The second part of Chris’ interview with Bill Fleckenstein is reserved below for you, our enrolled members.
If you’ve not yet listened to Part 1, click here to do so.
Part 2 of this interview delves into Bill’s vision on where the Fed’s money printing is leading: notably, to a currency and/or bond market crisis.
He and Chris discuss the timing of how quickly such an event could play out, what advance signals to look for, and where investors can position themselves in advance.
Interview with Bill Fleckenstein (Part 2): Outlook for 2011
PREVIEWThe second part of Chris’ interview with Bill Fleckenstein is reserved below for you, our enrolled members.
If you’ve not yet listened to Part 1, click here to do so.
Part 2 of this interview delves into Bill’s vision on where the Fed’s money printing is leading: notably, to a currency and/or bond market crisis.
He and Chris discuss the timing of how quickly such an event could play out, what advance signals to look for, and where investors can position themselves in advance.
The second part of Chris’ interview with Marc Faber is reserved below for you, our enrolled members.
If you’ve not yet listened to Part 1, click here to do so.
Part 2 of the interview takes a critical look at longstanding and widely-held assumptions that are dangerous to maintain in today’s reality. America is due for a rude awakening as it increasingly realizes the rest of the world is less dependent upon it (and less respectful of it) than it thinks. Or that there’s not enough global energy supply to keep historic growth trajectories continuing ad infinitum.
Marc discusses his vision for the most likely way in which the current economic situation will play out, plus his specific outlook for 2011 – including the investments he believes are best-suited to the future he sees.
Interview with Marc Faber (Part 2): Prognosis for 2011
PREVIEWThe second part of Chris’ interview with Marc Faber is reserved below for you, our enrolled members.
If you’ve not yet listened to Part 1, click here to do so.
Part 2 of the interview takes a critical look at longstanding and widely-held assumptions that are dangerous to maintain in today’s reality. America is due for a rude awakening as it increasingly realizes the rest of the world is less dependent upon it (and less respectful of it) than it thinks. Or that there’s not enough global energy supply to keep historic growth trajectories continuing ad infinitum.
Marc discusses his vision for the most likely way in which the current economic situation will play out, plus his specific outlook for 2011 – including the investments he believes are best-suited to the future he sees.
How This Will All End
Wednesday, January 12, 2011
Executive Summary
- The inevitable market correction will be triggered by a forcing event, and which one is most likely
- The US has too much debt
- State bailouts signaled by Fed’s denials?
- “Not enough oil to repay the debt”
- Why the cost of debt service will drown us, even if interest rates remain low
- Bond market will lead the way
- The key signs to watch for that will signal the endgame is playing out
- Recommended investment classes for preserving wealth
Part I
If you have not yet read Part I of this report, please click here to read it first.
Part II – How This Will All End
In Part I of this report, I laid out my reasoning for why the game has managed to continue on as long as it has. Where a massive financial dislocation should have happened by now, in practice the impacts have been relatively minor compared to what many people had expected to happen.
But we cannot escape the fact that entirely too many debts and liabilities exist to pay off in current dollars. Either those debts will have to be defaulted upon, or they will have to be inflated away.
Even more important than the question of which one it will be is the question of when. That’s what we will explore here.
How This Will All End
PREVIEWHow This Will All End
Wednesday, January 12, 2011
Executive Summary
- The inevitable market correction will be triggered by a forcing event, and which one is most likely
- The US has too much debt
- State bailouts signaled by Fed’s denials?
- “Not enough oil to repay the debt”
- Why the cost of debt service will drown us, even if interest rates remain low
- Bond market will lead the way
- The key signs to watch for that will signal the endgame is playing out
- Recommended investment classes for preserving wealth
Part I
If you have not yet read Part I of this report, please click here to read it first.
Part II – How This Will All End
In Part I of this report, I laid out my reasoning for why the game has managed to continue on as long as it has. Where a massive financial dislocation should have happened by now, in practice the impacts have been relatively minor compared to what many people had expected to happen.
But we cannot escape the fact that entirely too many debts and liabilities exist to pay off in current dollars. Either those debts will have to be defaulted upon, or they will have to be inflated away.
Even more important than the question of which one it will be is the question of when. That’s what we will explore here.
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by sand_puppy 
