Podcast
by
Chris Martenson
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).
What To Do When the Central Banks Blink
PREVIEW by Chris MartensonExecutive 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).
by
charleshughsmith
Executive Summary
- How the State supplanted community enterprise with an entitlement-driven economy
- Why the State's entitlement approach is unsustainable, mathematically — and is finally imploding as we watch
- What to expect at this point: more egregious abuse to keep the system working, ultimately triggering serious social unrest
- How self-reliance and local enterprise will emerge as paramount once the current State system collapses
Part I: Acknowledging the Arrival of Peak Government
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: The End of the Free Lunch
In Part I, we examined four key drivers of Central State expansion and how they are now likely entering an era of prolonged contraction.
This historic vast expansion did not occurred in a vacuum; as our social and economic orders are not infinite, the State’s expansion largely came at the expense of community (private society) and the marketplace.
Many observers have noted that the Central State has largely replaced community within the nation’s social order. That is, the Central State now dominates the society and the economy, while community and the marketplace operate beneath its shadow.
Some see this withering of community as occurring off-camera, so to speak, for reasons that had nothing to do with the State. In other words, the decline of community left an opening that has been filled by the State. This view discounts the active encroachment by the expansionist Central State on private society and markets such as housing and equities, which have become State-managed platforms for perception management and private predation.
The End of the Free Lunch
PREVIEW by charleshughsmithExecutive Summary
- How the State supplanted community enterprise with an entitlement-driven economy
- Why the State's entitlement approach is unsustainable, mathematically — and is finally imploding as we watch
- What to expect at this point: more egregious abuse to keep the system working, ultimately triggering serious social unrest
- How self-reliance and local enterprise will emerge as paramount once the current State system collapses
Part I: Acknowledging the Arrival of Peak Government
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: The End of the Free Lunch
In Part I, we examined four key drivers of Central State expansion and how they are now likely entering an era of prolonged contraction.
This historic vast expansion did not occurred in a vacuum; as our social and economic orders are not infinite, the State’s expansion largely came at the expense of community (private society) and the marketplace.
Many observers have noted that the Central State has largely replaced community within the nation’s social order. That is, the Central State now dominates the society and the economy, while community and the marketplace operate beneath its shadow.
Some see this withering of community as occurring off-camera, so to speak, for reasons that had nothing to do with the State. In other words, the decline of community left an opening that has been filled by the State. This view discounts the active encroachment by the expansionist Central State on private society and markets such as housing and equities, which have become State-managed platforms for perception management and private predation.
by
Gregor Macdonald
Executive Summary
- Why many entrepreneurial ventures addressing resource scarcity have less time than they imagine
- Why understanding the unintuitive economics created by resource scarcity is key
- Copper is serving as a case study in how peak supply is putting upward pressure on world prices
- The approaching "dead end" for millionaries
- Why physical networks will trump the importance of digital ones in tomorrow's economy
Part I: 'Cornucopians in Space' Deliver a Dangerously Misguided Message
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: The Looming Dislocation Risks Posed by Resource Scarcity
One of the most stunning and repeated patterns seen in the 2000-2010 timeframe is that, right as many natural resources experienced phase transition to much higher prices, the production rate of those resources either slowed, stalled out, or in some cases fell.
This is the real reason, in my opinion, why so many writers and thinkers are grappling with the problem of creating future wealth and obtaining (or recapturing, if you will) the kind of abundance we once enjoyed.
It’s positive, actually, that the news story about mineral mining in space has been so popular and covered in just about every major newspaper, because it unintentionally articulates the very long timeline to the solution of resource scarcity now facing human economies. To Peter Thiel’s point, therefore, it would be better to solve our problems in ways that actually serve humanity on relevant timescales, than to delude ourselves into thinking that miracles are just around the corner.
The Looming Dislocation Risks Posed by Resource Scarcity
PREVIEW by Gregor MacdonaldExecutive Summary
- Why many entrepreneurial ventures addressing resource scarcity have less time than they imagine
- Why understanding the unintuitive economics created by resource scarcity is key
- Copper is serving as a case study in how peak supply is putting upward pressure on world prices
- The approaching "dead end" for millionaries
- Why physical networks will trump the importance of digital ones in tomorrow's economy
Part I: 'Cornucopians in Space' Deliver a Dangerously Misguided Message
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: The Looming Dislocation Risks Posed by Resource Scarcity
One of the most stunning and repeated patterns seen in the 2000-2010 timeframe is that, right as many natural resources experienced phase transition to much higher prices, the production rate of those resources either slowed, stalled out, or in some cases fell.
This is the real reason, in my opinion, why so many writers and thinkers are grappling with the problem of creating future wealth and obtaining (or recapturing, if you will) the kind of abundance we once enjoyed.
It’s positive, actually, that the news story about mineral mining in space has been so popular and covered in just about every major newspaper, because it unintentionally articulates the very long timeline to the solution of resource scarcity now facing human economies. To Peter Thiel’s point, therefore, it would be better to solve our problems in ways that actually serve humanity on relevant timescales, than to delude ourselves into thinking that miracles are just around the corner.
by
Gregor Macdonald
Once a year the very chic and exclusive TED conference takes place in Southern California, bringing together entrepreneurs, inventors, and thought leaders from every corner of the world.
There, gathered around a stage, a kind of hive mind begins to unfold in which the most cutting edge ideas in healthcare, energy, social development, and behavioral psychology are shared from a very plugged-in, big-screen podium. It’s extremely well done.
And despite the reflexive criticism from outside the conference — that the gathering is inward-looking and elitist — TED usually does manage to disturb the zeitgeist, a little, with its unveilings in technology and innovation. It is plainly good that next-step advances in solar technology, data collection, and developing world health initiatives are explained and broadcasted from TED. Especially given that policy makers, or those who have the ear of policy makers, are also often in attendance.
A better charge to level against the TED conference, however, is that it’s routinely, if not unfailingly, optimistic.
‘Cornucopians in Space’ Deliver a Dangerously Misguided Message
by Gregor MacdonaldOnce a year the very chic and exclusive TED conference takes place in Southern California, bringing together entrepreneurs, inventors, and thought leaders from every corner of the world.
There, gathered around a stage, a kind of hive mind begins to unfold in which the most cutting edge ideas in healthcare, energy, social development, and behavioral psychology are shared from a very plugged-in, big-screen podium. It’s extremely well done.
And despite the reflexive criticism from outside the conference — that the gathering is inward-looking and elitist — TED usually does manage to disturb the zeitgeist, a little, with its unveilings in technology and innovation. It is plainly good that next-step advances in solar technology, data collection, and developing world health initiatives are explained and broadcasted from TED. Especially given that policy makers, or those who have the ear of policy makers, are also often in attendance.
A better charge to level against the TED conference, however, is that it’s routinely, if not unfailingly, optimistic.
by
Chris Martenson
In Part II of Chris’ detailed interview with Alasdair Macleod on the inevitable outcome to the European credit crisis (click here for Part I), the discussion deepens, exploring a number of important topics including:
- What the key risks are at this stage
- What the most likely scenarios are
- Gold ownership and captial controls
- What options concerned individuals should consider
Alasdair Macleod (Part II): How a Collapsing Europe will Cause Asset Revaluations Worldwide
PREVIEW by Chris MartensonIn Part II of Chris’ detailed interview with Alasdair Macleod on the inevitable outcome to the European credit crisis (click here for Part I), the discussion deepens, exploring a number of important topics including:
- What the key risks are at this stage
- What the most likely scenarios are
- Gold ownership and captial controls
- What options concerned individuals should consider
by
Chris Martenson
Alasdair Macleod, publisher of Financeandeconomics.org, sees little room for a happy ending to the worsening European credit crisis.
In this interview, he builds on his excellent synopsis from earlier in the week that detailed how the crisis originated, essentially embedding a fundamental structural shortcoming into the entire Eurozone construct starting back in 1997. This flawed monetary model was exploited for temporal gain, and it worked very well, as long as the pie was expanding and nobody was looking too carefully at the mounting imbalances created as it chugged along beautifully. Everybody was getting rich on their Mediterranean villas going up in price almost daily.
This whole thing was bound to work until, mathematically, it couldn’t work.
Alasdair Macleod: Why the Europe Situation is Certain to Get Worse
by Chris MartensonAlasdair Macleod, publisher of Financeandeconomics.org, sees little room for a happy ending to the worsening European credit crisis.
In this interview, he builds on his excellent synopsis from earlier in the week that detailed how the crisis originated, essentially embedding a fundamental structural shortcoming into the entire Eurozone construct starting back in 1997. This flawed monetary model was exploited for temporal gain, and it worked very well, as long as the pie was expanding and nobody was looking too carefully at the mounting imbalances created as it chugged along beautifully. Everybody was getting rich on their Mediterranean villas going up in price almost daily.
This whole thing was bound to work until, mathematically, it couldn’t work.
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