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From the outside in - New podcast for subscribers

Tuesday, February 17, 2009, 4:00 PM

We are thrilled to announce the release of the latest podcast. With new technology and new technical assistance in place, we are now (finally) in a position to deliver content more frequently.

There’s a new podcast for subscribers available. In it we cover a few of our reflections from Rowe and, of course, subscriber questions. The main body of the podcast is titled “From the outside in” and talks about how by observing the collapse in trade and economic activity in non-western countries we can reasonably deduce that the bottom is not in and that there’s much more downside left to go. I also reveal my assessment of the stock market and where it’s headed.

Becca and Chris tag team on this one from sunny Montague MA.

From the outside in

(more)

Please be sure to keep those subscriber questions coming!

There are two ways to do this:

Just pop us an email using this contact form. Just select "Podcast" from the drop down menu and be sure to include your name and location (country, state, town…whatever you are comfortable with) in the body text.

Visit the new thread in the subscriber forum area and leave a question there. While we don’t have voting technology in place, perhaps we can still find some way of sorting through the questions to assign priority. I want to talk about what you want to hear. For the most part, there’s only time to get to 3-5 questions so let’s be sure they’re the ones you most want to hear.

Please let me know what you think of the quality, content and format.

Best,
Chris

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18 Comments

Back In Black's picture
Back In Black
Status: Member (Offline)
Joined: Oct 1 2008
Posts: 14
Re: From the outside in - New podcast for subscribers

Hey Chris,

Is there going to be any more unique content on this site for non-paying subscribers?  Or is the only content to be posted here to be daily summaries and reminders of what we are missing out on by not paying for a membership?

G0tm4xx21's picture
G0tm4xx21
Status: Member (Offline)
Joined: Oct 7 2008
Posts: 6
Re: From the outside in - New podcast for subscribers

Agreed.

I understand that it costs time and effort for you to be able to provide the amazing content that is on this site.

However, being a college student and waiting tables just to barely pay for rent, student loans, car insurance, electricity, food, I'm in a really tough situation where I cannot afford to pay the subscriber fees, but I am absolutely facinated by the information I've found from watching the Crash Course and reading the posts on this page.

 Is there any way to have a student discount program, or some other way to get the younger crowd more aware of what's going on?

People my age (early 20's) are really starting to wake up to what's going on right now, but ultimately it leads to more frustration and anger becuase most of us do not have secure jobs yet, are under immanse pressure from rising tuition and student loans, and have no way to prepare simply because we are young, no savings built up, no hope for finding a decent paying job once we graduate, and yet WE are the generation that is expected to work our asses off indefinitely to pay for all the wasteful consumption of our parents and their parents, and it still won't be enough

I just don't know what to do at this point. I can continue to go to engineering school and get a fancy degree and all that, which may or may not tun out to be completely useles, depending on the speed and severtiy of the crash that's about to come. My parents keep telling me to stay in school no matter what, but I don't know if I want to believe them, I think the university system is just another big scam

 Or, I could quit school, KEEP ALL OF MY BOOKS AND NOTES, study them in my spare time (to learn more about fixing/building useful things, etc), learn everything that I would have learned, and use my student loan money to buy some long term food storage, some gold, get off the grid, etc. 

 This is the decision that me and a lot of my friends are having to make right now, and I want to make the most educated decision possible.

 -Tim

 

affert's picture
affert
Status: Silver Member (Offline)
Joined: Sep 22 2008
Posts: 100
Re: From the outside in - New podcast for subscribers
Back In Black wrote:

Hey Chris,

Is there going to be any more unique content on this site for non-paying subscribers?  Or is the only content to be posted here to be daily summaries and reminders of what we are missing out on by not paying for a membership?

 For what it is worth, I'm pretty sure that he said that podcasts will eventually be available for non-subscribers.  Also, the broadcast he did on PBS is available for non-subscribers.  As a fellow non-subscriber, I understand the feeling.  But it isn't fair to catagorize everything as a 'reminder what we're missing.'  There are many things that are available for us.

maveri's picture
maveri
Status: Silver Member (Offline)
Joined: Nov 20 2008
Posts: 159
Re: From the outside in - New podcast for subscribers

I subscribe for two reasons.

1. I'm a beginner as far as information on the economy etc is concerned.

2. I believe in what Chris and others are presenting and therefore I wish to contribute. His sense of the importance of community is the type of idealism that I want to contribute to.

The subscription fee in my view is reasonably priced (although I'm sure everyone would like it cheaper - especially when buying from a poor currency like the Australian dollar but it does cost lots of money to run a website/produce quality media etc).

The value derived however for myself is in the fact that I can begin to position myself and my lifestyle in such a way so that my family suffers the least from the downturn and major changes already upon us - this is worth every cent and hopefully, in time and a new system emerges, the people here on this site maintain contact and continue to assist/help each other.

cat233's picture
cat233
Status: Platinum Member (Offline)
Joined: Aug 20 2008
Posts: 575
Re: From the outside in - New podcast for subscribers

Becca and Chris,

This was fantastic!  Had no idea I would be learning a thing or two about chickens today.Smile

Thank you for all the looks around the many different corners. The look into Rowe was wonderful.  You two are great together, thanks for the laughs and knowledge... Nothing like being entertained while learning!

Cat

maveri's picture
maveri
Status: Silver Member (Offline)
Joined: Nov 20 2008
Posts: 159
Re: From the outside in - New podcast for subscribers
G0tm4xx21 wrote:

Agreed.

I understand that it costs time and effort for you to be able to provide the amazing content that is on this site.

... 

 Is there any way to have a student discount program, or some other way to get the younger crowd more aware of what's going on?

...

I just don't know what to do at this point. I can continue to go to engineering school and get a fancy degree and all that, which may or may not tun out to be completely useles, depending on the speed and severtiy of the crash that's about to come. My parents keep telling me to stay in school no matter what, but I don't know if I want to believe them, I think the university system is just another big scam

...

 -Tim

Tim - I'm further down the road in years than yourself but I would not ditch the engineering degree at all.

Education is an investment - believe me, in my time on this rock I've had quite a few doors closed to me over the years due to not having continued with my education. I managed to get into IT (which incidentally I did out of loving it rather than money chasing) and this helped vastly however the IT industry is also having it's day of reckoning.

A number of years ago I had what Chris describes as a 'disconnect'. I used to watch millions of dollars worth of hardware and software get updated every few years and I would say to myself - "but surely they have not even paid off the old yet!" IT will be dragged back into the rhelm of actually paying for itself in time to come so I too am looking to the future and I think engineering would be a good field to get into.

Engineering actually produces something. It constructs and builds infrastructure and facilities - it's assets are tangable in my opinion.

Whilst I am certainly not smart in knowing what's ahead I have a gut feeling that engineering (civil, electrical etc) will be fields that will never be termed as useless or outdated - they will still be needed because they produce real tangable assets and improvements to society - at least that's how I see it.

I'm probably going to be made redundant in the next few months (I hope not but time will tell). I'm seriously considering going back to school and engineering is high on my list of what I think would be a good field to get into - not just for money but because it's something that I think adds value to the lives of others.

I'm happy for others to tell me I'm crazy or narrow sighted etc - opinions always welcome but that's the gut feel I have about engineering.

Sit tight, finish off your qualifications it will hold you in better steed than ditching study and having no educational backing in the many years ahead left to you.

All the best

:-)

Denny Johnson's picture
Denny Johnson
Status: Gold Member (Offline)
Joined: Aug 13 2008
Posts: 348
Re: From the outside in - New podcast for subscribers

I also subcribe for 2 primary reasons:

1. To lessen my suffering and the suffering of those whom I may influence.

2. To support Chris and accomplices' good intention. I don't think any of them are in it for the money, that the subscriptions maybe support them and the site related activities, and that if they didn't perceive opportunity for meaningful expansion w any possible excess funds, that the subscription fees would be lowered.

Thanks

Nichoman's picture
Nichoman
Status: Gold Member (Offline)
Joined: Nov 1 2008
Posts: 422
Re: From the outside in - New podcast for subscribers
Denny Johnson wrote:

<snip>

...To support Chris...

<snip> 

 

This my reason.

FWIW.   For non-subscribers, the song title by The Carpenders "We've Only Just Begun" comes to mind...but with a non-sanguine tone.

 

Nichoman 

Amanda Witman's picture
Amanda Witman
Status: Peak Prosperity Team (Offline)
Joined: Mar 17 2008
Posts: 409
Re: From the outside in - New podcast for subscribers

Tim,

All of the free Martenson Reports that are currently available to non-subscribers are listed here - http://www.peakprosperity.com/faq/free-martenson-reports.

Chris is committed to providing significant meaningful content for free in addition to valuable content for paying subscribers. If he could give it all away completely for free, he would, but it takes staff and bandwidth to run the site...and one of these days his altruism is going to catch up with him and he'll need to go to greater lengths to ensure that his family isn't left high and dry by his generosity to others.

We understand that a subscription is out of reach for some readers, and we continue working on ideas to make as much of the content here as possible accessible to those who can't afford a subscription, while trying to balance the need to make sure subscriptions are worth the price to those who can afford them. The site is currently run entirely from subscriptions and donations, and Chris is still not holding onto a single cent for himself.

That said, I feel for your situation. You might want to post in the forums and ask for input there. At this point I'm preparing my kids (ages 4 to 10) for the possibility/likelihood that college won't be in their future.

How to get the younger crowd more aware? Spread the word to your friends.

joemanc's picture
joemanc
Status: Martenson Brigade Member (Offline)
Joined: Aug 16 2008
Posts: 834
Re: From the outside in - New podcast for subscribers

Wow, fantastic podcast! Unless you re-did the recording(before 8PM EST), I actually had to turn my volume up to hear it in the other room, so it wasn't that loud.

I loved the chicken story! I so regret not being able to come up to Rowe, especially since I'm not that far away! Hopefully next time.

I think the podcasts themselves are worth the price of admission, especially now that you've got the technology working. Can't wait to hear more!

Woodman's picture
Woodman
Status: Diamond Member (Offline)
Joined: Sep 26 2008
Posts: 1028
Re: From the outside in - New podcast for subscribers

Chris and Becca, thanks for the podcast.

Tim, stick with those engineering studies if that is at all your mindset; the Crash Course reminds us that debt is not a bad thing for investments that pay themselve back and the right education will.  The big scam about college really is that traditionally many students, myself included, spent more time partying and taking short cuts than actually demanding to get our money's worth of education.  Gold is more for preservation of wealth; worry about that down the road when you actually have income.  Same thing with the subscription.  I went back to grad school in the early 90's when times looked tough and I was laid off and re-educated myself into a new branch of engineering (civil and environmental), which has allowed me to keep living and working in a more rural environment - probably the better place to be in the future.  You can spend your your spare time learning to build things, garden, etc. and still get the degree; I'm doing that too even though I'm employed. 

 

Emerald444's picture
Emerald444
Status: Member (Offline)
Joined: Feb 16 2009
Posts: 2
Re: From the outside in - New podcast for subscribers

I totally understand charging for some of his services. Unfortunately, I can't afford the price. But the whole site could be blocked from everyone except paying subscribers. I feel bad I can't afford to contribute to someone who is honestly attempting to spread knowledge and help other people. These are the people who deserve our hard earned money. But, we can spread the word, and maybe by spreading the word about Chris, we can bring him people who CAN afford to pay for the whole site. Then, maybe he could support his family better and make more things available to we the people who can't afford the expense. YOU KNOW? Solutions...Solutions.

cat233's picture
cat233
Status: Platinum Member (Offline)
Joined: Aug 20 2008
Posts: 575
Re: From the outside in - New podcast for subscribers

Chris discussed Eastern Europe and currency in the podcast. 

Marc Faber and his thoughts on the same subject interviewed on Bloomberg.

suesullivan's picture
suesullivan
Status: Gold Member (Offline)
Joined: Oct 6 2008
Posts: 305
Re: From the outside in - New podcast for subscribers

just an aside on the affordability issue, we are in trouble with our income also in recent months, but I have been subscribing every other month and just catching up with back posts and podcasts, so perhaps that's a possibility for some folks.

greendoc's picture
greendoc
Status: Silver Member (Offline)
Joined: Sep 23 2008
Posts: 131
Re: From the outside in - New podcast for subscribers

Hey Chris,

Thanks for answering my two questions on the podcast. I am honored.  Too bad I live on the West Cost, we are ahead of the power curve here and like hanging with others similarily clued in. 

Since submitting my question I checked Herman Daly's Steady State Economics out from the local university library.  Egads!  I could not really begin to understand it...trained in geology and medicine, not gobbledy-gook. 

I thought this article interesting however, perhaps others would enjoy it as well.

Not sure how to link as found on a wikipedia page, just go to the wiki and scroll down to "publications" there is a hyperlink for the Scientific American Article.  I pasted the first few paragraphs here. 

http://en.wikipedia.org/wiki/Herman_Daly

 

Cheers, 

Claire

 

Title: ECONOMICS IN A FULL WORLD ,  
By: Daly, Herman E., Scientific American, September 2005, Vol. 293, Issue 3
Herman E. Daly

The global economy is now so large that society can no longer safely pretend it
operates within a limitless ecosystem. Developing an economy that can be sustained
within the finite biosphere requires new ways of thinking

Growth is widely thought to be the panacea for all the major economic ills of the modern
world. Poverty? Just grow the economy (that is, increase the production of goods and
services and spur consumer spending) and watch wealth trickle down. Don't try to
redistribute wealth from rich to poor, because that slows growth. Unemployment?
Increase demand for goods and services by lowering interest rates on loans and
stimulating investment, which leads to more jobs as well as growth. Overpopulation? Just
push economic growth and rely on the resulting demographic transition to reduce birth
rates, as it did in the industrial nations during the 20th century. Environmental
degradation? Trust in the environmental Kuznets curve, an empirical relation purporting
to show that with ongoing growth in gross domestic product (GDP), pollution at first
increases but then reaches a maximum and declines.


Relying on growth in this way might be fine if the global economy existed in a void, but
it does not. Rather the economy is a subsystem of the finite biosphere that supports it.
When the economy's expansion encroaches too much on its surrounding ecosystem, we
will begin to sacrifice natural capital (such as fish, minerals and fossil fuels) that is worth
more than the man-made capital (such as roads, factories and appliances) added by the
growth. We will then have what I call uneconomic growth, producing "bads" faster than
goods--making us poorer, not richer. Once we pass the optimal scale, growth becomes
stupid in the short run and impossible to maintain in the long run. Evidence suggests that
the U.S. may already have entered the uneconomic growth phase.


Recognizing and avoiding uneconomic growth are not easy. One problem is that some
people benefit from uneconomic growth and thus have no incentive for change. In
addition, our national accounts do not register the costs of growth for all to see.
Humankind must make the transition to a sustainable economy--one that takes heed of
the inherent biophysical limits of the global ecosystem so that it can continue to operate
long into the future. If we do not make that transition, we may be cursed not just with
uneconomic growth but with an ecological catastrophe that would sharply lower living
standards.

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5570
Re: From the outside in - New podcast for subscribers

Thanks for the link and suggestion (and questions).  I am not really familiar with the work of Herman Daly but the SciAm abstract above certainly seems 100% spot on.

Please let me kow if the book has any non-gobbledy-gook parts.   I have an aversion to material that is tarted up so that it passes "academic muster." Often this means using a lot of jargon anddense, complex sentence structure where simpler, more understandable forms would have been more effective.

This is the academic game, I know that having been there, and I think it's unfortunate and unecessary.

At any rate, when I read a book and find myself rewriting sentences and thoughts in my head as I move along, I usually soon find myself reading another book. 

capesurvivor's picture
capesurvivor
Status: Platinum Member (Offline)
Joined: Sep 12 2008
Posts: 963
Re: From the outside in - New podcast for subscribers

Chris,

I'm reading "Game Over" by Steve Leeb. There are a lot of CC concepts in there, including a chart of industrial resources and their years of reserves. Steve was accurate on the oil price a few years ago and is a pretty sharp guy (he is friend of my sister-in-law, I met him a few years ago. He is also a modest guy.)  I assume that he came to some of the concepts on his own but they all rang familiar to me.

 

SG

greendoc's picture
greendoc
Status: Silver Member (Offline)
Joined: Sep 23 2008
Posts: 131
Re: From the outside in - New podcast for subscribers

HI Chris,

Well, I have already returned that book, but I would say worthwhile content, not true gobbledly-gook,( like postmodern literary criticism).  I just called it that because I am not a trained economist and alot of the content more technical.  To my uneducated eye, it did not appear to be conflated, just I do not speak the language. 

I guess if you liked the Scientific American article, then try to get ahold of some of his books and see what you think.  i would love to hear your feedback.  But no worries if you dont get around to it....just thought Daly might intrigue you. 

 

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