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Geopolitics
by
Chris Martenson
Link – Deep Impact: Why The Deepwater Disaster Spells Serious Trouble
A new Martenson Report is ready for enrolled members.
Link – Deep Impact: Why The Deepwater Disaster Spells Serious Trouble
Executive Summary
- We can say with absolute certainty that future oil exploration and development costs are going to rise.
- Our date with an oil supply shock now seems probable for the 2011 to 2012 timeframe.
- A new paradigm is emerging, in which downsizing trumps growth.
- A permanent energy crunch will lead to higher prices for all things connected to energy.
- It would not be too strong to suggest that our federal commitment to energy efficiency is a farce.
- In terms of personal planning, do not take anything for granted.
- While I am not sure how this will play out yet, I am quite comfortable stating that the age of abundance is drawing to a close.
Deep Impact: Why The Deepwater Disaster Spells Serious Trouble
by Chris MartensonA new Martenson Report is ready for enrolled members.
Link – Deep Impact: Why The Deepwater Disaster Spells Serious Trouble
Executive Summary
- We can say with absolute certainty that future oil exploration and development costs are going to rise.
- Our date with an oil supply shock now seems probable for the 2011 to 2012 timeframe.
- A new paradigm is emerging, in which downsizing trumps growth.
- A permanent energy crunch will lead to higher prices for all things connected to energy.
- It would not be too strong to suggest that our federal commitment to energy efficiency is a farce.
- In terms of personal planning, do not take anything for granted.
- While I am not sure how this will play out yet, I am quite comfortable stating that the age of abundance is drawing to a close.
by
Chris Martenson
This is a must-read article. It shows that the big money, and what I consider to be the long-term smart money, is moving aggressively towards locking up the last remaining critical resources on the planet. This article centers on crop land, but it could just as easily center on critical mineral resources. Or oil.
Wish you weren’t here: The devastating effects of the new colonialists
Resource Wars
PREVIEW by Chris MartensonThis is a must-read article. It shows that the big money, and what I consider to be the long-term smart money, is moving aggressively towards locking up the last remaining critical resources on the planet. This article centers on crop land, but it could just as easily center on critical mineral resources. Or oil.
Wish you weren’t here: The devastating effects of the new colonialists
by
Chris Martenson
As bad as the US is, there are worse problems elsewhere. This is why I think this credit crisis will not play out like any previously and why I think there’s a better than even chance of a systemic banking crisis.
In times past when a country experienced a bubble or a banking crisis, there was always a country next door that hadn’t where the savvy could hide out. Where does one hide out today?
Europe on the brink of currency crisis meltdown
The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump.Currency pegs are being tested to destruction on the fringes of Europe’s monetary union in a traumatic upheaval that recalls the collapse of the Exchange Rate Mechanism in 1992.
“This is the biggest currency crisis the world has ever seen,” said Neil Mellor, a strategist at Bank of New York Mellon.
Stephen Jen, currency chief at Morgan Stanley, says the emerging market crash is a vastly underestimated risk. It threatens to become “the second epicentre of the global financial crisis,” this time unfolding in Europe rather than America.
Austria’s bank exposure to emerging markets is equal to 85pc of GDP – with a heavy concentration in Hungary, Ukraine, and Serbia – all now queuing up (with Belarus) for rescue packages from the International Monetary Fund.
Exposure is 50pc of GDP for Switzerland, 25pc for Sweden, 24pc for the UK, and 23pc for Spain. The US figure is just 4pc. America is the staid old lady in this drama.
Those figures in the bottom two paragraphs are quite the eye-openers. Somehow Austria’s bank system loaned out 85% of Austria’s GDP to emerging markets that are even now resorting to emergency measures to stem the erosion of the their currencies against the dollar. The problem, apparently, is that these countries were loaned vast amounts of money denominated in dollars. The faster their currencies fall, the more it costs them to pay back their loans.
Some of these currencies have fallen by 40% in a matter of weeks.
International instability
by Chris MartensonAs bad as the US is, there are worse problems elsewhere. This is why I think this credit crisis will not play out like any previously and why I think there’s a better than even chance of a systemic banking crisis.
In times past when a country experienced a bubble or a banking crisis, there was always a country next door that hadn’t where the savvy could hide out. Where does one hide out today?
Europe on the brink of currency crisis meltdown
The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump.Currency pegs are being tested to destruction on the fringes of Europe’s monetary union in a traumatic upheaval that recalls the collapse of the Exchange Rate Mechanism in 1992.
“This is the biggest currency crisis the world has ever seen,” said Neil Mellor, a strategist at Bank of New York Mellon.
Stephen Jen, currency chief at Morgan Stanley, says the emerging market crash is a vastly underestimated risk. It threatens to become “the second epicentre of the global financial crisis,” this time unfolding in Europe rather than America.
Austria’s bank exposure to emerging markets is equal to 85pc of GDP – with a heavy concentration in Hungary, Ukraine, and Serbia – all now queuing up (with Belarus) for rescue packages from the International Monetary Fund.
Exposure is 50pc of GDP for Switzerland, 25pc for Sweden, 24pc for the UK, and 23pc for Spain. The US figure is just 4pc. America is the staid old lady in this drama.
Those figures in the bottom two paragraphs are quite the eye-openers. Somehow Austria’s bank system loaned out 85% of Austria’s GDP to emerging markets that are even now resorting to emergency measures to stem the erosion of the their currencies against the dollar. The problem, apparently, is that these countries were loaned vast amounts of money denominated in dollars. The faster their currencies fall, the more it costs them to pay back their loans.
Some of these currencies have fallen by 40% in a matter of weeks.
by
Chris Martenson
Chaos in Washington!
by Chris Martenson
Total 660 items
by blaggers 
