“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.”
by
Adam Taggart
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
PREVIEW by Adam TaggartThe 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.
by
Adam Taggart
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
PREVIEW by Adam TaggartThe 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.
by
Chris Martenson
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
PREVIEW by Chris MartensonHow 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.
by
Chris Martenson
In justifying the massive money printing operations of the Fed, Bernanke used inflation data to bolster his case that the Fed’s actions are both prudent and worth continuing.
Here’s what he said:
Recent data show consumer price inflation continuing to trend downward. For the 12 months ending in November, prices for personal consumption expenditures rose 1.0 percent, and inflation excluding the relatively volatile food and energy components–which tends to be a better gauge of underlying inflation trends–was only 0.8 percent, down from 1.7 percent a year earlier and from about 2-1/2 percent in 2007, the year before the recession began.
(Source)
Why I Don’t Trust the Official Inflation Numbers (and Neither Should You)
PREVIEW by Chris MartensonIn justifying the massive money printing operations of the Fed, Bernanke used inflation data to bolster his case that the Fed’s actions are both prudent and worth continuing.
Here’s what he said:
Recent data show consumer price inflation continuing to trend downward. For the 12 months ending in November, prices for personal consumption expenditures rose 1.0 percent, and inflation excluding the relatively volatile food and energy components–which tends to be a better gauge of underlying inflation trends–was only 0.8 percent, down from 1.7 percent a year earlier and from about 2-1/2 percent in 2007, the year before the recession began.
(Source)
by
Adam Taggart
by
Adam Taggart
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