by
Dutch John
Podcast
by
Dutch John
by
Teresa Piro
Have we forgotten where our food comes from? The importance of a whole foods diet has become more and more vital to our overall health and well-being, because, well, we’ve strayed so far from food. Farmers’ markets bring honest food to us. However, I certainly get lost and frustrated while shopping for food at a grocery store because a) there are too many products on the shelves and b) the multitude of choices requires label-ready due-diligence.
by
Chris Martenson
"We are exporting our inflation to the rest of the world. We are forcing countries like Brazil and China to endure the pain that we should be enduring. Brazil’s interest rates are like 12% right now. China is doing something new every couple of days to scale back bank lending and consumer spending. They are countries where a big part of the population makes just a few dollars a day. Rising food and energy prices are devastating for these guys. They do not really control the global price of energy and food, yet they have to endure the pain of slowing their economies down and throwing people out of work. Have them have to spend more and more of their money on food and energy so we can keep on borrowing and growing.
Clearly that is unsustainable. At some point these countries are going to say “No, we want our currencies to depreciate, too. We want to be able to continue to export to you.” So what we will end up with is sort of like what happened in the Depression. Everybody was trying to cut the value of their currencies at the same time. What that leads to, obviously, is global inflation, instead of just localized inflation where a few countries are debasing their currencies. You have got everybody doing it at once. That is because the US, with the world’s reserve currency, basically controls this process. We have chosen to decrease the value of the dollar dramatically over the next few years. That is going to force the rest of the world to do the same thing or endure an overvalued currency and recession. No elected politician can put up with that.
So what’s out there? Maybe after a mini-recession or some kind of correction in the next year or two is another round — an even bigger round — of global inflation. Basically all the fiat currencies of the world start decreasing in value at an accelerating rate. At some point, the whole concept of fiat currency, of governments in charge of their own monetary printing presses is going to be discredited."
So states John Rubino, proprietor of DollarCollapse.com. In his eyes, the demise of the dollar and other world fiat currencies via inflation is now a sure bet. There is simply too much debt that needs to be repaid, and our political leaders are not going to willingly choose the short-term pain of austerity and/or default. Of course, the resulting collapse of our monetary system will be much more painful and destructive in the long run.
Click the play button below to listen to Chris' interview with John Rubino (runtime 45m:22s):
[swf file="http://media.PeakProsperity.com/audio/john-rubino-2011-05-20.mp3"]
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John Rubino: Get Ready for Accelerating Devaluation of All Fiat Currencies
by Chris Martenson"We are exporting our inflation to the rest of the world. We are forcing countries like Brazil and China to endure the pain that we should be enduring. Brazil’s interest rates are like 12% right now. China is doing something new every couple of days to scale back bank lending and consumer spending. They are countries where a big part of the population makes just a few dollars a day. Rising food and energy prices are devastating for these guys. They do not really control the global price of energy and food, yet they have to endure the pain of slowing their economies down and throwing people out of work. Have them have to spend more and more of their money on food and energy so we can keep on borrowing and growing.
Clearly that is unsustainable. At some point these countries are going to say “No, we want our currencies to depreciate, too. We want to be able to continue to export to you.” So what we will end up with is sort of like what happened in the Depression. Everybody was trying to cut the value of their currencies at the same time. What that leads to, obviously, is global inflation, instead of just localized inflation where a few countries are debasing their currencies. You have got everybody doing it at once. That is because the US, with the world’s reserve currency, basically controls this process. We have chosen to decrease the value of the dollar dramatically over the next few years. That is going to force the rest of the world to do the same thing or endure an overvalued currency and recession. No elected politician can put up with that.
So what’s out there? Maybe after a mini-recession or some kind of correction in the next year or two is another round — an even bigger round — of global inflation. Basically all the fiat currencies of the world start decreasing in value at an accelerating rate. At some point, the whole concept of fiat currency, of governments in charge of their own monetary printing presses is going to be discredited."
So states John Rubino, proprietor of DollarCollapse.com. In his eyes, the demise of the dollar and other world fiat currencies via inflation is now a sure bet. There is simply too much debt that needs to be repaid, and our political leaders are not going to willingly choose the short-term pain of austerity and/or default. Of course, the resulting collapse of our monetary system will be much more painful and destructive in the long run.
Click the play button below to listen to Chris' interview with John Rubino (runtime 45m:22s):
[swf file="http://media.PeakProsperity.com/audio/john-rubino-2011-05-20.mp3"]
Download/Play the Podcast
Report a Problem Playing the Podcast
Or start reading the transcript below:
by
Ready
You might say that I am a bit of an unconventional thinker. I generally take a different approach to things than what most people do, given the same stimulus. I believe I am in good company in that regard here at ChrisMartenson.com. I clearly understand the controversy over employing biofuels as one method to prepare for the coming storm. Let me say right up front that I do not believe biofuels will allow our existing civilization to sustain its current high net energy lifestyle by substituting biofuels for oil. My argument for the application of biofuels is at a much more personal/community level. I have been asked repeatedly about what and why I am doing this, so I am posting this as a service to the ChrisMartenson.com members who have questions that may not have been answered yet.
by
Ready
Well, it now turns out that many of my worst fears about Fukushima have been confirmed with the news that TEPCO has finally admitted that Reactor #1 has experienced a meltdown event that may have breached the primary containment vessel. Further, truly alarming levels of radiation are now being reported in and around Tokyo.
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