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Daily Digest - Dec 1

Monday, December 1, 2008, 7:49 AM

Credit card industry may cut $2 trillion of lines, Korelin economics report, Britain joining the Euro?,  Trump busted again, durable orders down, affordable electric car, and Beverly Hillbillies keep pumping.


Daily Digest - Nov 30

Sunday, November 30, 2008, 9:05 AM

Bank of Zimbabwe congratulates US and EU authorities' recent actions,  Citi analyst posits $2k gold, bank repo failures, Fed quantitative easing program, and a cautious Black Friday.


New Martenson Report ready

Sunday, November 30, 2008, 8:29 AM

Executive summary:

The Fed has engaged on a path of “quantitative easing” (defined in Part II of this report), which has only been tried by Japan, where it was met with limited success. Success rests on the hopeful, but possibly flawed, assumption that cheap money will lead to renewed borrowing.

Understanding the mechanism and implications of this requires an appreciation of the credit markets, what they are, and how they operate. In Part I we will discuss the credit markets and the extent to which the government is now a credit market participant.

In Part II we will examine the Fed’s chosen strategy of fighting the collapse in lending activity with the tool of quantitative easing, and what this could mean for you.

Link to: A crisis is a terrible thing to waste


Gold confiscation

Saturday, November 29, 2008, 8:34 PM

Here's a question I received today, and it is both quite common and legitimate.

Hi Chris,
I know you have been a strong physical gold advocate as many on this
site have been as well. I can't think of a less risky term to store wealth
over the long term.

However, although gold confiscation has been mentioned in a few
articles on the site, I have yet to see you post any comments or opinions.
The biggest risk I see with gold is the confiscation issue. Everyone will
have to decide their own course of action if this comes to pass, but my
question to you is this:

What evidence do you see for or against the reimplementation of a
gold standard and what evidence do you see for or against another round of
gold confiscation??

Hopefully you can answer. Also, I check your site multiple times a
day, but still I don't have a chance to see every forum post. Is there any
way you can notify me of a response?

Thanks so much for your time and effort. You have already made a
great positive impact on my family!


All I can offer here is my opinion, as I certainly do not have any better insights than anybody else.


Daily Digest - Nov 29

Saturday, November 29, 2008, 9:57 AM

Has the Fed mortgaged its own future?, AIG pays retention bonuses, Shiller and Davidowitz videos, formerly high paid turning to food banks, Marc Faber says "hold gold outside of US", Romer appointed to the council of economic advisers,  and bluefin tuna on the verge of collapse.


Loss of petrodollar recycling to add pressure to the dollar

Friday, November 28, 2008, 3:48 PM

What is "petrodollar recycling"?

It refers to the use of dollars for the purchase of oil and the subsequent reinvesting of those same dollars by oil exporting nations back into the US financial markets.

Many hundreds of billions of US dollars have flowed from its shores only to come back in the form of oil and purchases of Treasury and  Agency debt.

That mechanism is certainly wounded now...


Daily Digest - Nov 28

Friday, November 28, 2008, 9:15 AM

GM asks for flight anonymity, a deadly shopping stampede, Robert Shiller interview, US credit line at risk?, and an interview with Jeremy Grantham.


Happy Thanksgiving

Thursday, November 27, 2008, 9:57 AM


I just wanted to say thank you to everyone for contributing to this site, in ways both large and small.

For US readers, I wish you a happy and safe holiday.

Things will be a little quiet around here today.  I will not have a major blog post today, just this little one.

Today is about remembering all the things we have to be thankful for, and my list is long.

  • I have my health
  • I have a loving family
  • I have a strong community
  • And I am blessed with the intelligent community forming around this site and the messages of the Crash Course.

Be well and be thankful.

All the best,
Chris Martenson


Daily Digest - Nov 27 Happy Thanksgiving

Thursday, November 27, 2008, 9:09 AM

Food insecurity in the land of plenty, reigniting that crazy shopping flame, how much will one share buy, and the ECRI falls to lowest level ever.


The Daily Digest - Nov 26

Wednesday, November 26, 2008, 10:10 PM

Downturn in China puts breaks on industry, mortgage rates plummet, a Bloomberg interactive on where that $7.4 trillion went, commercial real estate - the next shoe to drop, Treasury conference call reveals insider bias, and buy one get one free (trucks).