Podcast
by
Chris Martenson
Executive Summary
- How to Prepare for:
- Trade War
- Energy War
- Financial War
- Cyberwar
- Grid-down attack
- Conventional Shooting War
- Nuclear War
If you have not yet read Part 1: Tensions Between US/NATO & Russia Are Flaring Dangerously available free to all readers, please click here to read it first.
As a preamble, I need to note that I do not enjoy or derive any satisfaction from writing about or spending time on figuring out how to dodge the worst impacts of human behavior. War sits right at the top of my ‘this is stupid’ list. War should be the very last resort after all other diplomatic efforts have failed. I am sorry that I have to spend time writing this report, and I am sorry that you have to spend time considering it.
As (sadly) expected, things have only escalated over the past several years, not deescalated. The West has a serious bone to pick with Russia and nobody can rationally explain what or why that might be. I happen to think this is all about bruised neocon egos over Syria, while others think this is just military industrial business being waged in typical fashion. But it really doesn’t matter what the explanation is; at this point we have to accept that things are at a dangerous point and do our best to respond appropriately.
The consequences of a war between Russia and the US/NATO could range from a very minor skirmish fought over some relatively meaningless items of trade, to an attack on financial markets, all the way to an all-out nuclear exchange.
The question becomes, what, if anything, can we do to prepare?
Lots as it turns out.
No matter where you live, even if you are close to Ukraine and face the prospect of being near a front line that might develop in the future, there is lots that you can and should do. Luckily, most of the preparations are similar to those you should be undertaking anyways, war worries or not, so they won’t cost you anything extra in terms of time or money.
What you end up doing depends on which sort of war you consider most likely, where you happen to live, and your means. So let’s consider the range of possibilities here…
How To Prepare For War
PREVIEW by Chris MartensonExecutive Summary
- How to Prepare for:
- Trade War
- Energy War
- Financial War
- Cyberwar
- Grid-down attack
- Conventional Shooting War
- Nuclear War
If you have not yet read Part 1: Tensions Between US/NATO & Russia Are Flaring Dangerously available free to all readers, please click here to read it first.
As a preamble, I need to note that I do not enjoy or derive any satisfaction from writing about or spending time on figuring out how to dodge the worst impacts of human behavior. War sits right at the top of my ‘this is stupid’ list. War should be the very last resort after all other diplomatic efforts have failed. I am sorry that I have to spend time writing this report, and I am sorry that you have to spend time considering it.
As (sadly) expected, things have only escalated over the past several years, not deescalated. The West has a serious bone to pick with Russia and nobody can rationally explain what or why that might be. I happen to think this is all about bruised neocon egos over Syria, while others think this is just military industrial business being waged in typical fashion. But it really doesn’t matter what the explanation is; at this point we have to accept that things are at a dangerous point and do our best to respond appropriately.
The consequences of a war between Russia and the US/NATO could range from a very minor skirmish fought over some relatively meaningless items of trade, to an attack on financial markets, all the way to an all-out nuclear exchange.
The question becomes, what, if anything, can we do to prepare?
Lots as it turns out.
No matter where you live, even if you are close to Ukraine and face the prospect of being near a front line that might develop in the future, there is lots that you can and should do. Luckily, most of the preparations are similar to those you should be undertaking anyways, war worries or not, so they won’t cost you anything extra in terms of time or money.
What you end up doing depends on which sort of war you consider most likely, where you happen to live, and your means. So let’s consider the range of possibilities here…
by
Chris Martenson
This week, Chris interviews Time Magazine assistant managing editor and economic columnist Rana Foroohar about the findings within her new book Makers and Takers: The Rise of Finance and the Fall of American Business.
Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned — and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate all American businesses, putting us on a collision course for another cataclysmic meltdown.
Rana Foroohar: How Wall Street Is Strangling The Economy
by Chris MartensonThis week, Chris interviews Time Magazine assistant managing editor and economic columnist Rana Foroohar about the findings within her new book Makers and Takers: The Rise of Finance and the Fall of American Business.
Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned — and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate all American businesses, putting us on a collision course for another cataclysmic meltdown.
by
charleshughsmith
Executive Summary
- How will increasing capital controls around the world affect demand for cryptocurrencies?
- The big banks and corporations are embracing the blockchain. Will that make it harder to ban cryptocurrencies?
- With far less than 1% of the population holding cryptocurrencies, how large is the remaining updside?
- What the future may hold for bitcoin and its digital brethren
If you have not yet read An Everyman's Guide To Understanding Cryptocurrencies, available free to all readers, please click here to read it first.
In Part 1, we sketched a brief overview of cryptocurrencies and their potential role as a means of transferring and thus preserving capital from depreciating currencies in destabilized economies to more secure currencies/assets elsewhere in the world.
The Rise of Capital Controls Fuels the Use of Cryptocurrencies
As governments actively devalue their currencies (thereby making everyone using the currency poorer), their citizenry with financial capital are forced to seek ways to move their at-risk wealth into other currencies or assets.
China is a prime example of this trend. As the U.S. dollar has soared 20+%, China’s currency has strengthened along with the USD due to the yuan being pegged to the USD. In response, China must devalue its currency to maintain the global competitiveness of its export sector.
Faced with a massive loss of purchasing power, China’s wealthy class has moved their wealth and their families out of China. This flood of capital has pushed up housing prices in favored markets such as Vancouver B.C. and west coast cities in the U.S.
The sums being transferred abroad are non-trivial. Estimates range into the trillions of dollars. Many observers see the rise of capital controls as…
Will Cryptocurrencies Soar as the Global Economy Falters?
PREVIEW by charleshughsmithExecutive Summary
- How will increasing capital controls around the world affect demand for cryptocurrencies?
- The big banks and corporations are embracing the blockchain. Will that make it harder to ban cryptocurrencies?
- With far less than 1% of the population holding cryptocurrencies, how large is the remaining updside?
- What the future may hold for bitcoin and its digital brethren
If you have not yet read An Everyman's Guide To Understanding Cryptocurrencies, available free to all readers, please click here to read it first.
In Part 1, we sketched a brief overview of cryptocurrencies and their potential role as a means of transferring and thus preserving capital from depreciating currencies in destabilized economies to more secure currencies/assets elsewhere in the world.
The Rise of Capital Controls Fuels the Use of Cryptocurrencies
As governments actively devalue their currencies (thereby making everyone using the currency poorer), their citizenry with financial capital are forced to seek ways to move their at-risk wealth into other currencies or assets.
China is a prime example of this trend. As the U.S. dollar has soared 20+%, China’s currency has strengthened along with the USD due to the yuan being pegged to the USD. In response, China must devalue its currency to maintain the global competitiveness of its export sector.
Faced with a massive loss of purchasing power, China’s wealthy class has moved their wealth and their families out of China. This flood of capital has pushed up housing prices in favored markets such as Vancouver B.C. and west coast cities in the U.S.
The sums being transferred abroad are non-trivial. Estimates range into the trillions of dollars. Many observers see the rise of capital controls as…
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