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by Chris Martenson

"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 John Rubino, publisher of DollarCollapse.com, a popular hub for news impacting the economy. John is the author of several well-received books foretelling (years in advance) the collapse of the housing market and the decline of the US dollar. Before starting his website, John was a featured columnist with theStreet.com, Individual Investor, and a number of other influential financial publications. His perspective on Wall Street and the currency markets is shaped by his past roles as a Eurodollar trader, equity analyst and junk bond analyst in the 1980s.


1. Several times, you’ve published prescient forecasts when it mattered. For example, you and James Turk published The Coming Collapse of the Dollar and How to Profit From It in 2004 – about a year and half before the US Dollar Index dropped from 90 to nearly 70. Similarly, How to Profit From the Coming Real Estate Bust was released in 2003. What led you to accurately predict these major market moves so far in advance?

I’ve been involved, one way or another, with financial bubbles for most of my life.

Straight Talk with John Rubino: The Damage Is Already Done
by Chris Martenson

"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 John Rubino, publisher of DollarCollapse.com, a popular hub for news impacting the economy. John is the author of several well-received books foretelling (years in advance) the collapse of the housing market and the decline of the US dollar. Before starting his website, John was a featured columnist with theStreet.com, Individual Investor, and a number of other influential financial publications. His perspective on Wall Street and the currency markets is shaped by his past roles as a Eurodollar trader, equity analyst and junk bond analyst in the 1980s.


1. Several times, you’ve published prescient forecasts when it mattered. For example, you and James Turk published The Coming Collapse of the Dollar and How to Profit From It in 2004 – about a year and half before the US Dollar Index dropped from 90 to nearly 70. Similarly, How to Profit From the Coming Real Estate Bust was released in 2003. What led you to accurately predict these major market moves so far in advance?

I’ve been involved, one way or another, with financial bubbles for most of my life.

by Chris Martenson
Special Report: Japanese Reactor Situation is Likely Far Worse Than Admitted
PREVIEW by Chris Martenson
by Dogs_In_A_Pile

This short primer was provided by PeakProsperity.com member Dogs_In_A_Pile in the comments to our ongoing post covering the developments in Japan. We are featuring it here given the many questions readers are asking on this topic and the importance at this time of clearly understanding risks we do (and don't) face. It is based on his expertise developed during his military service on nuclear-powered submarines. 

 

 

Radiation and contamination are used interchangeably and they are not the same thing, nor are treatment methods.  You can receive radiation exposure and not need any contamination control, and you can become contaminated and not need treatment for exposure to radiation.  NOTE – I am not saying that if you get contaminated you won't receive any radiation exposure, because you will.  What I am saying is that you may be contaminated with such a low level of contaminated particles that there will be no need for radiation exposure treatments.  The difference is both subtle and vast. 

Here is a quick primer on contamination control measures.

 

Quick Primer on Contamination Control Measures
by Dogs_In_A_Pile

This short primer was provided by PeakProsperity.com member Dogs_In_A_Pile in the comments to our ongoing post covering the developments in Japan. We are featuring it here given the many questions readers are asking on this topic and the importance at this time of clearly understanding risks we do (and don't) face. It is based on his expertise developed during his military service on nuclear-powered submarines. 

 

 

Radiation and contamination are used interchangeably and they are not the same thing, nor are treatment methods.  You can receive radiation exposure and not need any contamination control, and you can become contaminated and not need treatment for exposure to radiation.  NOTE – I am not saying that if you get contaminated you won't receive any radiation exposure, because you will.  What I am saying is that you may be contaminated with such a low level of contaminated particles that there will be no need for radiation exposure treatments.  The difference is both subtle and vast. 

Here is a quick primer on contamination control measures.

 

by Chris Martenson

Important note: 

It is with a heavy heart that I am now issuing the highest level alert to my readers than I have to date. The threshold for an alert is one or more world events that personally cause me to take action.

I’m making this alert publicly available less than 36 hours after releasing it to my enrolled subscribers given its importance and the speed at which events are accelerating.

The substance of this alert centers on the unknown aftershocks that may result from the world’s third largest economy, Japan, rapidly shifting from an exporter of funding to a consumer of it. In situations like these, we are by definition operating with incomplete and often confusing information, and events are developing more rapidly than they can be fully analyzed and internalized. We regret in advance any mistakes that we might make due to making calls and decisions in this highly fluid environment.


This alert warns you that major world-changing events are now underway and that your personal preparations for an uncertain future should either be completed or take on a new sense of urgency. On the basis of the information contained here and in the past two days of posts, I am personally ratcheting up my preparations, making purchases, and topping off what needs to be topped off.

Important caveat:  At this point in time, I cannot fully support 100% of my concerns with hard data and evidence. Some of what has tipped me into this state of urgency is data, evidence, and stories that I can point to. Some is due to the absence of data or information, the remainder results from watching market gyrations and correlations shift into new patterns, which tell me something is afoot.

I have not been this concerned since October of 2008.

Alert! – Nuclear (and Economic) Meltdown In Progres
PREVIEW by Chris Martenson

Important note: 

It is with a heavy heart that I am now issuing the highest level alert to my readers than I have to date. The threshold for an alert is one or more world events that personally cause me to take action.

I’m making this alert publicly available less than 36 hours after releasing it to my enrolled subscribers given its importance and the speed at which events are accelerating.

The substance of this alert centers on the unknown aftershocks that may result from the world’s third largest economy, Japan, rapidly shifting from an exporter of funding to a consumer of it. In situations like these, we are by definition operating with incomplete and often confusing information, and events are developing more rapidly than they can be fully analyzed and internalized. We regret in advance any mistakes that we might make due to making calls and decisions in this highly fluid environment.


This alert warns you that major world-changing events are now underway and that your personal preparations for an uncertain future should either be completed or take on a new sense of urgency. On the basis of the information contained here and in the past two days of posts, I am personally ratcheting up my preparations, making purchases, and topping off what needs to be topped off.

Important caveat:  At this point in time, I cannot fully support 100% of my concerns with hard data and evidence. Some of what has tipped me into this state of urgency is data, evidence, and stories that I can point to. Some is due to the absence of data or information, the remainder results from watching market gyrations and correlations shift into new patterns, which tell me something is afoot.

I have not been this concerned since October of 2008.

by Aaron M

Aaron submitted this post prior to the recent disaster in Japan. As we are now being educated in real-time as to the value of developing preparedness in advance of calamity, the guidance below becomes even more relevant. This article complements Aaron's earlier "Practical Survival Skills 101" posts on fire, water, and shelter.

Preface: What is an emergency? 

 height=There is an awful lot of academic banter in which we try to “identify” emergencies before they happen. Pedantic issues are categorized and specifics are assigned to them as potential resolutions. This is not a “flawed” approach, but it’s endemic in the American mindset, which is obsessed with micromanagement.

In order to distance ourselves from the details, which are too stochastic and specific, we can generally state that an emergency is a shortage of resources.

Resources can be defined as:

 

Practical Survival Skills 101 – Understanding Emergencies
by Aaron M

Aaron submitted this post prior to the recent disaster in Japan. As we are now being educated in real-time as to the value of developing preparedness in advance of calamity, the guidance below becomes even more relevant. This article complements Aaron's earlier "Practical Survival Skills 101" posts on fire, water, and shelter.

Preface: What is an emergency? 

 height=There is an awful lot of academic banter in which we try to “identify” emergencies before they happen. Pedantic issues are categorized and specifics are assigned to them as potential resolutions. This is not a “flawed” approach, but it’s endemic in the American mindset, which is obsessed with micromanagement.

In order to distance ourselves from the details, which are too stochastic and specific, we can generally state that an emergency is a shortage of resources.

Resources can be defined as:

 

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