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New Martenson Report ready

Wednesday, December 17, 2008, 1:44 PM

The Zero Bound

Executive summary: This report looks at the latest move by the Fed to drop interest rates to zero and to print massive amounts of money as part of a quantitative easing effort. It looks at the most recent Fed statement that accompanied the rate decision in some detail and closes with an exploration of what this could mean to the dollar (hint: not good) and our financial future. I offer my view on the dollar, stocks, bonds, gold, and real estate.

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Daily Digest - Dec 17

Wednesday, December 17, 2008, 7:15 AM

NY state 'solves' budget crisis with large and sweeping tax increases, survival panic, IRS to help homeowners to sell homes (what?), Yale endowment plunges, Paulson declares victory, The Madoff affair, Facebook as process server, Canadian official declares a depression is 'possible',  charts of housing and oil exploration and CFO optimism, households struggle with bills, and skeptics emerge on Obama's infrastructure stimulus plan.

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Fed cuts rate to less than 0.25% - promises to flood the world with money

Tuesday, December 16, 2008, 3:22 PM

Well, folks, history was made today. The US now has an official "range" of between 0% and 0.25% for the Fed Funds interest rate.

Of course this is no different than what the effective interest rate has been for a while (so the Fed is, as always, merely following the market), but now it's official.  

Perhaps our fellow readers from Japan can tell us what comes next.

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Daily Digest - Dec 16

Tuesday, December 16, 2008, 9:08 AM

Fed readies to trash balance sheet further, ALT-A mortgages deteriorating "faster than expected" (edit: not by me), mortgage racket, Financial Sense energy roundtable, big oil project in jeopardy, Russia devalues Ruble (let the games begin!).

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Site Statistics - How are we doing?

Monday, December 15, 2008, 4:01 PM

I just created a new forum area entitled "Promoting the Crash Course" and as the first post there I've gone into some detail on "where we are now" with respect to site traffic and rankings.

We're doing great.

Link to forum post on site traffic

The purpose of the "Promoting the Crash Course" forum area is to let everybody weigh in on what we might do to advance the message to a wider and increasingly influential audience.

And what about the DVDs?  We've sold more than 16,000 so far.

Best,
Chris Martenson

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Daily Digest - Dec 15

Monday, December 15, 2008, 9:07 AM

Housing wave two (CBS 60 minutes), AIG offers 'retention' pay to larger group of workers, "Don't buy stuff you cannot afford", unemployment funds run out for states, consumer spending to ebb further than expected, Goldman Sachs draws (more) fire.

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Daily Digest - Dec 14

Sunday, December 14, 2008, 10:31 AM

Obama stimulus could reach $1 trillion, A long cold winter, AIG pays retention bonuses, driving decreases, aiming for full employment.

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Heroes in Action: Michael Höhne

Saturday, December 13, 2008, 2:55 PM

This is the first of a new series of Heroes in Action articles, which will recognize the efforts of people in the Crash Course community who have gone beyond the call of duty and contributed to promoting the messages of the Crash Course in unique or special ways.

Michael Höhne is a businessman living in southern Germany, near Munich. He's a recognized expert on a part of the software industry known as Customer Relationship Management Systems, or CRM. While Michael has had a very successful career, he's not a person of extraordinary wealth. (more...)

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Daily Digest - Dec 13

Saturday, December 13, 2008, 9:51 AM

World's largest illegal Ponzi scheme unravels, GDP to Debt, escaping your retirement fund prison, auto sales plunge for Japanese brands (too), Dead Cat Bounce and IBS (both humor), news outfits take a hit, retail charts for November, DIP loan freeze,  who needs Congress?, and the Z.1 report.

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Fed Refuses to Disclose Recipients of $2 Trillion in Lending

Friday, December 12, 2008, 9:50 PM

In a foxhole there are no atheists. But well before the praying begins, you find out what people are really made of. Perhaps the big, muscled kid who was unstoppable in basic training goes all to pieces while the skinny guy with the thick glasses saves everyone’s bacon. Or vice versa. The point being that prior to a crisis everything rests on appearances. During a crisis it is actions that matter. That’s when we find out what people, and institutions, are really made of.

Today the Federal Reserve effectively freaked out in the foxhole and declared the spirit of democracy, if not the rule of law, to be disposable conveniences of better times.