Insider
by
Chris Martenson
The US federal government is barreling towards a certain fiscal train wreck. While there is much being gleefully reported about the return of the shoppers…er, consumers…uh, patriotic citizens…spending more than they have, there is almost no hope of growth returning fast enough to offset the amount of budgetary deterioration that now seems to be baked into the cake.
As always, one component of the problem is that the US political leadership has absolutely zero experience with controlling spending, let alone cutting spending. Where austerity is being attempted in Europe (at great pain, too…if you have not seen this video of the recent Greek riots, it is both remarkable and disturbing) the current civil unrest shows that citizens don’t necessarily dutifully accept their politicians’ belt-tightening policies.
The plan, such as it is, for the US fiscal and monetary authorities seems to be to keep up the government spending (including the Fed’s QE efforts) for as long as necessary until self-sustaining growth returns.
The Federal Budget Deficit and the Looming Crisis
PREVIEW by Chris MartensonThe US federal government is barreling towards a certain fiscal train wreck. While there is much being gleefully reported about the return of the shoppers…er, consumers…uh, patriotic citizens…spending more than they have, there is almost no hope of growth returning fast enough to offset the amount of budgetary deterioration that now seems to be baked into the cake.
As always, one component of the problem is that the US political leadership has absolutely zero experience with controlling spending, let alone cutting spending. Where austerity is being attempted in Europe (at great pain, too…if you have not seen this video of the recent Greek riots, it is both remarkable and disturbing) the current civil unrest shows that citizens don’t necessarily dutifully accept their politicians’ belt-tightening policies.
The plan, such as it is, for the US fiscal and monetary authorities seems to be to keep up the government spending (including the Fed’s QE efforts) for as long as necessary until self-sustaining growth returns.
by
Adam Taggart
by
Chris Martenson
Don’t Be Fooled: Inflation Has The Upper Hand
Wednesday, December 8, 2010
Executive Summary
- Money supply (M2) has been steadily growing for a decade, and banks hold an unprecedented amount of excess reserves that could enter the market at any time.
- Credit growth is flatlining.
- Debt in the household & financial sectors (the big enchilada) exhibits the deflationary trends that are pre-occupying the Fed.
- Federal government credit is exploding upwards as a result.
- Corporate and state debt are increasing, but at more moderate rates.
- Energy costs are high and getting higher = inflationary.
- Confidence in paper currencies is plummeting = potentially hyperinflationary.
- Forecast for the future…
Part I
If you have not yet read Part I of this report, please click here to read it first.
Part II
In Part I, we stepped through prices as useful indicators of whether we are in a period of inflation or deflation. Because there’s no more important determination to make than to get an early read on whether we are facing a future of inflation or deflation, we are going to dive a bit more deeply into the evidence here to round out the story.
Let’s begin with….
Money
The classic definition of inflation or deflation is a “relative change in the amount of money compared to goods and services.” Too much money and you have inflation; too little and you have deflation.
Don’t Be Fooled: Inflation Has The Upper Hand
PREVIEW by Chris MartensonDon’t Be Fooled: Inflation Has The Upper Hand
Wednesday, December 8, 2010
Executive Summary
- Money supply (M2) has been steadily growing for a decade, and banks hold an unprecedented amount of excess reserves that could enter the market at any time.
- Credit growth is flatlining.
- Debt in the household & financial sectors (the big enchilada) exhibits the deflationary trends that are pre-occupying the Fed.
- Federal government credit is exploding upwards as a result.
- Corporate and state debt are increasing, but at more moderate rates.
- Energy costs are high and getting higher = inflationary.
- Confidence in paper currencies is plummeting = potentially hyperinflationary.
- Forecast for the future…
Part I
If you have not yet read Part I of this report, please click here to read it first.
Part II
In Part I, we stepped through prices as useful indicators of whether we are in a period of inflation or deflation. Because there’s no more important determination to make than to get an early read on whether we are facing a future of inflation or deflation, we are going to dive a bit more deeply into the evidence here to round out the story.
Let’s begin with….
Money
The classic definition of inflation or deflation is a “relative change in the amount of money compared to goods and services.” Too much money and you have inflation; too little and you have deflation.
by
Chris Martenson
It’s Official: The Economy Is Set To Starve
Tuesday, November 23, 2010
Executive Summary
- The age of conventional oil is over, but energy demand will continue to climb.
- Natural gas is the “silver” of energy plays.
- The inexorable onset of Peak Oil will drive natural gas much, much higher.
- A tipping point of awareness approaches.
- Prepare for extreme market volatility.
Part I
It’s the End of the Oil As We Know It…
Please click here to read Part I of this report.
Part II
Scouring the Globe for Fuel
Please click here to read Part II of this report.
Part III
Okay, so we’ve come to the conclusion that by the time the IEA, which has every incentive to underplay the timing and impact of Peak Oil, has publicly done everything but hand the world an engraved invitation on a silver platter that reads You are cordially invited to accept the reality of Peak Oil, it’s already past time to begin making whatever adjustments you are going to make.
Remember, it is my view that when the changes finally arrive in full force, their speed will overtake most people’s, countries’, and companies’ ability to react gracefully. (Click here for a recent report on this subject). Which means that the time to begin these efforts, if you have not already started, is now.
But we’ve gone over this in quite a bit of detail recently, and so I will not rehash those thoughts here and now. This report begins with the assumption that you have taken care of the basics: food, water, energy, and shelter. Further, you have gold and silver. You’ve got enough spare goods, parts, and necessities to take care of yourself, your family, and a few others besides. You’ve safely removed a comfortable portion of your wealth from the paper-based banking and financial systems. You are diligently working on building your local community.
Okay, so you’ve done all of that. Now what?
It’s Official: The Economy Is Set To Starve
PREVIEW by Chris MartensonIt’s Official: The Economy Is Set To Starve
Tuesday, November 23, 2010
Executive Summary
- The age of conventional oil is over, but energy demand will continue to climb.
- Natural gas is the “silver” of energy plays.
- The inexorable onset of Peak Oil will drive natural gas much, much higher.
- A tipping point of awareness approaches.
- Prepare for extreme market volatility.
Part I
It’s the End of the Oil As We Know It…
Please click here to read Part I of this report.
Part II
Scouring the Globe for Fuel
Please click here to read Part II of this report.
Part III
Okay, so we’ve come to the conclusion that by the time the IEA, which has every incentive to underplay the timing and impact of Peak Oil, has publicly done everything but hand the world an engraved invitation on a silver platter that reads You are cordially invited to accept the reality of Peak Oil, it’s already past time to begin making whatever adjustments you are going to make.
Remember, it is my view that when the changes finally arrive in full force, their speed will overtake most people’s, countries’, and companies’ ability to react gracefully. (Click here for a recent report on this subject). Which means that the time to begin these efforts, if you have not already started, is now.
But we’ve gone over this in quite a bit of detail recently, and so I will not rehash those thoughts here and now. This report begins with the assumption that you have taken care of the basics: food, water, energy, and shelter. Further, you have gold and silver. You’ve got enough spare goods, parts, and necessities to take care of yourself, your family, and a few others besides. You’ve safely removed a comfortable portion of your wealth from the paper-based banking and financial systems. You are diligently working on building your local community.
Okay, so you’ve done all of that. Now what?
by
Chris Martenson
The second part of Chris’ interview with Ted Butler, noted commentator on the silver market, 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 deep dive into the mechanics of how the alleged manipulation of the silver price has been conducted, as well as Ted’s outlook on the future price for the metal.
Simply put, this interview (Parts 1 & 2) is a ‘must listen’ for anyone currently invested in silver or thinking about doing so.
Chris Interviews Ted Butler: The End of Silver Price Manipulation – Part 2
PREVIEW by Chris MartensonThe second part of Chris’ interview with Ted Butler, noted commentator on the silver market, 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 deep dive into the mechanics of how the alleged manipulation of the silver price has been conducted, as well as Ted’s outlook on the future price for the metal.
Simply put, this interview (Parts 1 & 2) is a ‘must listen’ for anyone currently invested in silver or thinking about doing so.
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