Blog

Why the blog is getting fewer updates...

Monday, October 20, 2008, 2:02 PM

Things will continue to be a little slower than normal on this blog as I enter the home stretch on Chapter 20. I am very close to completion, perhaps another day or two.

As always, this chapter has proven to be harder and more complicated than I thought.  Suffice it to say, it could be an entire course all by itself, but I feel compelled to keep it to no more than ~15 minutes. 

After this part is done, I will breath a huge sigh of relief, drink some champagne, and immediately begin wondering about where I take my efforts next.

I am considering the thought of producing more such chapters but on much narrower topics - say inflation vs. deflation, or my thoughts on gold, or going into greater detail on the key points of preparation raised by Chapter 20.

One thing is certain, I am committed to spending more time delivering value to the subscribers to this site, so more frequent Martenson Reports are a certainty.

I'd love to hear your thoughts on the matter.

Best,
Chris

Endorsed Financial Adviser Endorsed Financial Adviser

Looking for a financial adviser who sees the world through a similar lens as we do? Free consultation available.

Learn More »
Read Our New Book "Prosper!"Read Our New Book

Prosper! is a "how to" guide for living well no matter what the future brings.

Learn More »

 

Related content

77 Comments

radiance's picture
radiance
Status: Silver Member (Offline)
Joined: Oct 11 2008
Posts: 112
Re: Why the blog is getting fewer updates...

Thank you for the herculean effort!

I would appreciate learning how gold and silver are being manipulated. I have over the months learned a few ways the elitist play the game but I am still a little foggy.  Also I would like to know where one could hide wealth other than physical gold and silver.

raptor's picture
raptor
Status: Bronze Member (Offline)
Joined: Sep 12 2008
Posts: 27
Re: Why the blog is getting fewer updates...

 

Inflation vs. Deflation is the most important one ;)

And clues for the MOMENT f.e. what you said in the past

when the $ declines fast and % rise, If we can have a page on the site whre we can watch all those clue indicators at once.

 

NLP's picture
NLP
Status: Bronze Member (Offline)
Joined: Sep 5 2008
Posts: 51
After the champagne, high fives, and smiles

which are well deserved. Laughing

Please spend some time sharing about the building of sustainable local living economies.  I have researched Willitz, CA but would love any and all information on successful examples, models, practices, etc.   As an executive director for a small town chamber of commerce the timing is right to move this issue forward in my town and add our experiences to the mix..

Your website is a daily part of my routine.  Including weekends, I check-in regularly and find the information contained therein as an economic barometer-- no better yet a doplar radar-- that I can rely on.  Thank you Chris, so very much. 

presentmoment's picture
presentmoment
Status: Bronze Member (Offline)
Joined: Sep 22 2008
Posts: 57
Re: Why the blog is getting fewer updates...

Hi, Chris,

I would appreciate seeing your explanations on the following topics:

1.  The consequences of between 750 Trillion-1 Quardrillion of OTC derivatives collapsing, especially from the ordinary citizens' perspectives and in terms of their daily lives.  The probability of this event and timeline for this event unfolding.  Do you think the types of scenarios which Russians and Argentinians went through during their economic collapse will happen here?  

 2.  What are the next shoes to drop?  Commercial real estate market, retail sectors?

 3.  It is hard to believe people up in high places - - government, financial sectors - - did not expect to see this tsunami considering their access to all kinds of data.   Typically, I don't subscribe to conspiracy theories, but I am not so sure any more if this man-made collapse has been engineered deliberately or just a result of a combination of greed, denial and utter incompetency of leaders in financial, political arena and many other areas...  Some people on the Internet are saying this collapse is just a part of global elite ruling class's plan for humanity.  I have been glad to see that your material is a lot more rational minded and data driven than these conspiracy theorists'. 

Your excellent work for last four years have been very enlightening to me and I really appreciate your effort!  Just having some understanding of what we are really dealing with has given me a major relief!

 Thanks

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Why the blog is getting fewer updates...

Chris:

 

I think this really is key: http://www.scribd.com/doc/192230/GOLD-AND-ECONOMIC-FREEDOM-Alan-Greenspan

1.) Greenspan believes in gold system ?!?!?!?!?!

2.) Ron Paul got that article signed by Greenspan and he asked him if he was going to put a disclaimer on it and Greenspan said no he still believed it

3.) The article says the govt. rips people off via inflation

4.) Greenspan believes that the Fed of 1920's caused the 1929 crash

5.) I have a link to a Bernanke speech where he believes that not enough of an injection caused the crash

I'm doing a book on this...I think it would make a great chapter 21 

switters's picture
switters
Status: Platinum Member (Offline)
Joined: Jul 19 2008
Posts: 744
Re: Why the blog is getting fewer updates...

Chris,

Yes, thank you for your continued efforts!  This website has quite literally changed my life - for the better.

Inflation vs. deflation would be great, as that's obviously a hot topic.  In particular, I'd love it if you could share your thoughts on how both gold and silver might perform during a deflationary period this time around.  Also, I'd like to know if you think a long period of deflation lasting 10 - 20 years (like Japan) is any possibility.  People like Mike Shedlock seem to be quite convinced that we are nowhere near hyperinflation, and that deflation is what's likely to come for the foreseeable future.  I may be misunderstanding his position, but that's what I've gotten from reading his blog lately.

I love the idea of more Martenson reports, and more videos on specific topics.

I think a new "preparing financially for the recession" document might be in order if you think deflation is now much more likely than inflation.  What strategies would change from your original document, which seemed to be predicting inflation?

Thanks again Chris!

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
RJE's picture
RJE
Status: Diamond Member (Offline)
Joined: Aug 31 2008
Posts: 1369
Re: Why the blog is getting fewer updates...
Chris, everyone said all that needed to be said in comments above. I would like to ad though (again) how excellent your sight is...
rocketgirl's picture
rocketgirl
Status: Member (Offline)
Joined: Sep 14 2008
Posts: 2
Re: Why the blog is getting fewer updates...

Your website has opened my families eyes, many thanks to you chris and your family who I know are the behind the scene heros for keeping the home fires burning while you help others.  I've posted twice in the past few weeks and in light of chapt. 20 being finished, I am just itching to ask if you'd be willing to share some of the thinking behind some of your personal decisions with regard to preperations?     One of the things I'm really wondering about is renting a home instead of owning one right now.  Do you plan to eventually purchase a home?   Will you share some of your other secisions?  Just wondering.  

I'm not looking to duplicate anyones decisions, I just like to glean from educated people and then make my own decisions.

Thanks in gratitude                                                           

 

Maenad's picture
Maenad
Status: Bronze Member (Offline)
Joined: Oct 18 2008
Posts: 43
Re: Why the blog is getting fewer updates...

Thank you so much for all this work. I feel very lucky to have found this site.

I would like to see something about what young families with student loans, credit card debt and low income can do.  Thank you.

Woodman's picture
Woodman
Status: Diamond Member (Offline)
Joined: Sep 26 2008
Posts: 1028
Re: Why the blog is getting fewer updates...

Thanks for all your efforts Chris and your scientific approach.

I expect each person's future actions in response to the risks you identify are going to be a bit different depending on their current circumstances:  age, current savings, location, homeowner or renter, etc. while other actions are probably universal:  e.g. avoid debt, be frugal.  I appreciate learning about the likely future changes in the big overall picture of society as well as figuring out how those changes are likely to affect one at a personal level. 

vegas316's picture
vegas316
Status: Member (Offline)
Joined: Aug 13 2008
Posts: 15
Re: Why the blog is getting fewer updates...

Heyya Chris!

Now that your first major brain child is almost complete, it gets even more exciting for the rest of us! Now we get to (proverbially) crack your head open and see what other interesting ideas and tidbits and useful pieces of information you have floating around in there!! Cool

I would like to add my voice to a couple of the folks above and request a down and dirty walk through of deflation. I have an idea of the basics, and thats it bad when models that are required to grow contract, but I definately can not wax poetic on the how's and why's like I want too.

Thanks again for all your effort!!

 

jrf29's picture
jrf29
Status: Gold Member (Offline)
Joined: Apr 18 2008
Posts: 453
Re: Why the blog is getting fewer updates...
I firmly believe that your effort in the crash course and martinson reports is well placed.  You should not even feel compelled to explain yourself.  But, since you have, my thoughts are: kudos!
raptor's picture
raptor
Status: Bronze Member (Offline)
Joined: Sep 12 2008
Posts: 27
Re: Why the blog is getting fewer updates...

hi guys,

 

I was thinking should I post this, but may be it would be interesting for you to hear from someone who was in similar crisis before.

So it happened in 1992 in a post communist country. I lost alot of money beacuse of devaluation of our currency against the dollar. So here goes :

The Communist regime collapsed in 1989.

(To give you a perspective up to that point the dollar vs our currency traded 1:1 by the gov and 1:2, 1:3 on the black market.).

The new non-communist transitional gov. took the power, there was alot of entusiasm. The things were going to get better in a sense there were more opportunities.

What happened next, the communist fell but !!! they were controling the economy still (Side note: I'm almost certain that they had already planned the transformation, because in a matter of 5-6 years from ~1985 - 1989 our debt grow from ~9bil to 14-15bil. and after the collapse there were alot of rich communist bussnesmen). After the manipulation of the election the communist "Reformed" communist party took power. They changed their name from "Communist pary" => "Socialist party" :)

By that time the $/lv ratio was climbing to 1:20, I clearely remmeber that 'cause I bought my first computer at that time with one bag of money (The biggest bill was still 20 lv., that is why I had bag of money :) 800-1000 paper bills the price was ~17000 lv. afaik).

Things continued to improve on the surface.... but then the 1992 happened. The "communist" party froze payments on our DEBT. $/lv ratio started go up, the gov started to print bigger bills 100, 200, ... (by the way our economy was cash based, no credit cards. People were mostly savers, because most of the time you could not buy apartment or car even if you had the full amount ..we were in a planned economy. My father waited 4 years (afaik) to buy car. Most of the ppl at this time were home owners may be some 95% of the population).

I remember clearly I went to susbstute a freind working in a newspaper for a month i.e. Jan 1992, the salary I got for this month of work was ~6-7$. Yes I mean 6$ for the whole month (the ratio $/lv hit ~1:3000) and this was one of the best paid job in town for computer designer. Espresso in a coffee shops rose from ~0.50lv to 200lv, there was very little food to buy in the groceries. We could survive this crisis because most of the ppl are used to prepare their own home made food and alcohol (not because it is cheaper, but it is a more of a tradition and the taste is much better. I can bet on that ;) ) or have relatives in the country who were doing agriculture ...etc.

So the next month Feb.1992 we overtrow the "reformed" communist gov. The new transitional gov. renegotiated the DEBT payments and in a matter of year salaries approximated 100-200$ abit lower than before but still much better than 6$. From then on the things are getting better but sluggish, the corruption is still high from what I hear..At some point the gov cut 000 (three zeros from the paper bills), so current rate with the dollar is around 1:1.45

We are already part of NATO and the European Union.

I'm  saying : 'I hear', cause I won green card lottery ( lucky me :) ) and I'm in USA from ~2 years. Getting ready for my second CRISIS ;[ 

I hope with the with the info on this and other sites I'll be better prepared this time.

One interesting note is that the house/appartment prices are still rising from after the crash, may be around ~10 years (not sure about exact timeframe, but think it is close to 10y). In fact for 2007 we had the biggest rise in property prices in the world ~33%.

One thing that helped us withstand the crisis is that we are small country ~7million ppl, so there was someone who can help us, especially that after the crisis the majority vote was that we are clearly on the path of NATO and EU membership.

This is not the case with USA, nobody can help USA but USA itself.

I could continue on but I don't to bore you to death ;) with this long post..

PS> The worst thing is that many americans wouldn't beleive the crisis scenario unless it happens to them. They still have the faith that the gov. will take care of the crisis, the same way we thought :). Many of them still don't beleive me that something like this is possible. 

TimesAwasting's picture
TimesAwasting
Status: Silver Member (Offline)
Joined: Oct 13 2008
Posts: 100
Re: Why the blog is getting fewer updates...

Hi Chris,

New to the site and very happy I've found it! Your work is very thought provoking and timely... I have already made some decisions and preparations based on the wonderful information you've provided.

For years I've been amazed at how the economy has just seemed to "chug along", when everywhere I looked it seemed things were getting worse... understanding (now) how the gov't has been "cooking the data reports" explains a lot! I view the deception as treasonous... surely Americans would not have spent and borrowed so vigoriously had the "truth" about unemployment and inflation been told... certainly our collective hole would not have been so deep! The term "angry" isn't even close to how smokin' mad I feel!

Concerning updates... as a real estate investor, I'd be very interested to hear your thoughts moving forward... assuming the fabric of society doesn't collapse and the unprepared are scavaging for food!

Right now I'm in a deep quandry... Asset values are dropping, rents are becoming harder to collect, vacancies increasing -- yet liabilities remain the same. And it looks like inflation will chew-a-way at the dollars we have saved... we're literally getting squeezed from every angle!

One year ago, I looked great on paper... now I'm not so sure. If the gov't goes through with this mortgage/ foreclosure bail-out, what incentive do the rest of us have to keep pay our bills? Will it even matter? It's just very hard to get a grasp on things... I used to think I was a pretty smart guy... now I'm feeling like a was one of those hyper-entrepreneurs who has been duped by the system into carrying the load for those that can't or won't support themselves.

Funny... I actually thought I'd be retiring to an island in 5 years, living on EZ street. Sounds like a foolish pipedream now.

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Re: Why the blog is getting fewer updates...

Hi Chris and other posters.

Whilst I'm hardly new to this site, I've never posted until now. So hello from Australia.

I've had a gut feeling all this crap was going to happen more than twenty years ago. It NEVER looked sustainable, but I din't know why, nor did I understand it fully, until I came acoss the crash course. It's a life changing experience.

Because we could see this coming (though having no clue of the all important when) we got out of debt and bought small acreage about 100 miles from our capital city. We have reasonable rainfall, fertile soil (by Australian standards at least!) and we have taught ourselves PERMACULTURE... google it.

What the world needs more than anything is a change in CULTURE, a change from this idiotic consumerist and money oriented fantasy, to a PERMANENT CULTURE which wastes nothing, and doesn't require fossil fuels to drive it. Yes, it is possible to grow food organically AND without fossil fuels. If you design your support system properly.

I've started a blog about this, being so busy though, it's a long way from finished, but at least you might get some idea of where we are heading. http://damnthematrix.wordpress.com/

How am I busy (seeing as I don't 'work'?) I have started a movement to relocalise our town in an attempt to make it resilient from the Jim Kunstler syndrome. It's still small, but we had our first movie night last Friday, and we meet every week. Our numbers are slowly growing.

If you want to know what Transition Towns are all about, try this: http://www.transitiontowns.org

Mike

GlennO511's picture
GlennO511
Status: Member (Offline)
Joined: Apr 11 2008
Posts: 5
Transition Towns
I would recommend checking out the Transition movement which began in the UK and is now catching on here in the US.  There are a couple of trainings at Cambridge College in Boston coming up in November.
Xflies's picture
Xflies
Status: Silver Member (Offline)
Joined: Aug 19 2008
Posts: 157
Re: Why the blog is getting fewer updates...

Hi Chris!

Thanks again for all the work you've done to make this site so useful that I read it every morning.  I hope you don't mind my posts that occasionally question things or make points that are opposite to your views but I feel it is sooooo important to keep this site as objective as possible which leads me to what I'd like to see you write more of... I'd love to see what data points you're looking for next and a list (if it exists) of things that would go against your current thinking and what would need to happen to change your views (and please don't say things like... stop using oil etc... I mean things that are plausible and could therefore either change your view on timing or change your view on possible outcomes).

 Thanks again!

capesurvivor's picture
capesurvivor
Status: Platinum Member (Offline)
Joined: Sep 12 2008
Posts: 963
Re: Why the blog is getting fewer updates...

Hey Raptor, 

Many thanks for that post. One of the perks of the web is being able to hear real stories like yours. That kind of experience is hard for us (me, at least) to fathom. Overthrew the government? Six dollars for a month? Here in the U.S. we think that stability will last forever. 

Good to hear your perspectives.

 

SG

Ray Hewitt's picture
Ray Hewitt
Status: Gold Member (Offline)
Joined: Apr 5 2008
Posts: 458
Re: Why the blog is getting fewer updates...

Hey, a man can only do so much in one day.

As to the suggestion box, I think the next critical phase to watch is treasuries. They are showing signs of stress as this chart shows.

When treasury yields take off,  it's all over. Head for the caves.

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Fed Banrupt?

Where the "700b" (1.5-2.0 trillion) is coming from...

 

 

http://www.financialsense.com/editorials/fekete/2008/1020.html

The Supplementary Financing Program of the Paulson-Bernanke duo means that, in preparation for the $700 billion bailout, the Fed is given securities by the Treasury directly, bypassing the open market. The last time this imprudent departure from the principles of sound central banking has been invoked was during World War II, when the exigencies of war finance were used to justify the bypassing of the open market.

But what does it all mean in practical terms, if we strip away the jargon created in order to mystify the public? It means that the Fed, just like all other banks, has virtually zero capital. It means that the Treasury must recapitalize the Fed by giving it $700 billion worth of newly issued securities. It also means that the bad assets of the banks, some of which have been absorbed into the balance sheet of the Fed, are monetized through the back door.

But the worst part is that the Fed is now a dead man walking, propped up by conspirators who want to conceal from the people the fact of its demise. This is just the latest of conspiracies between the Treasury and the Fed. In creating a central bank in 1913, the government usurped powers not granted to it under the U.S. Constitution. One successful usurpation calls for another. Now, 95 years later, the government is frantically trying to resurrect its creature, the Fed, from the dead.

Lipstick on a pig

One expert observer, Thomas Szabo, calls the $700 billion bailout “putting lipstick on a pig”, in the form of the Supplementary Financing Program. Szabo does not beat around the bush. He tells it as it is: The Federal Reserve is bankrupt, and the U.S. Treasury Department quietly rescued ― actually, took over ― the world’s largest central bank on September 17, the day the Supplementary Financing Program was announced, which was nothing less than a clandestine federal bailout, a de facto takeover of the Federal Reserve. Szabo, who was a practicing auditor for 8 years, has gone on record in saying that the Fed, if it were an ordinary business enterprise, would have had to file for b
hellohellomygoodfriends's picture
hellohellomygoo...
Status: Member (Offline)
Joined: Oct 19 2008
Posts: 2
Re: Why the blog is getting fewer updates...
Someone try convince me that the tried-and-tested wisdom of the Talmud is not true. The unthinking 99% majority/sheeple/cattle are totally focused on their precious "feelings of happiness". They will always take the easiest and quickest path to "happy feelings" no matter how self-destructive. The sheeple don't want to think; they seek out gurus and "leaders" to tell them what to think. Anyone that has a wise and sage-like expression and tone of voice and speaks comforting words will be absolutely trusted. This is to your great advantage. The sheeple have been created as breathing ATMs for the elite/chosen 1% of us who are capable of rational thought. We team up with lawyers, accountants and politicians to cover our tracks so that we can masterfully transfer the wealth into our pockets where it belongs. We ensure that the blame lands on some unthinking patsy or simply muddy the waters so that none can be blamed. The Talmud teaches us that the sheeple simply don't want to hear the truth and that it is our divine right to reign and rule over the endless supply of them. Don't waste your time and energy trying to wake them up; focus on your divine destiny instead.
pwoody82's picture
pwoody82
Status: Bronze Member (Offline)
Joined: Sep 26 2008
Posts: 51
Re: Why the blog is getting fewer updates...

Damthematrix: I cannot access the site http:///www.transitiontowns.org  My system says the site does not exist. Could it be the triple slashes?

pwoody

BN37's picture
BN37
Status: Bronze Member (Offline)
Joined: May 17 2008
Posts: 39
Re: Why the blog is getting fewer updates...
You my friend are whack! While Chris is here spending his money to teach and help countless numbers you puke this stuff about how you are above the less worthy and pitifull masses. How about you try to save just one person from the future that quite possibly will be not so pleasant. I tell many, but few "get it". I am personally moving as fast as I can to position myself and my family.
BN37's picture
BN37
Status: Bronze Member (Offline)
Joined: May 17 2008
Posts: 39
Re: Why the blog is getting fewer updates...
Try typing it into your browser instead of clicking on the link.
switters's picture
switters
Status: Platinum Member (Offline)
Joined: Jul 19 2008
Posts: 744
Re: Why the blog is getting fewer updates...
[quote=pwoody82]

Damthematrix: I cannot access the site http:///www.transitiontowns.org  My system says the site does not exist. Could it be the triple slashes?

pwoody

[/quote]

 

Yes, remove the third slash and it should work.  I have the book - it's excellent.

 

FutureShock's picture
FutureShock
Status: Member (Offline)
Joined: Oct 15 2008
Posts: 1
Re: Why the blog is getting fewer updates...

Chris,

Thanks for all of your hard work. Your presentations are great. They are very easy to understand and the message is so important. 

Jeff Borsuk's picture
Jeff Borsuk
Status: Silver Member (Offline)
Joined: Jul 25 2008
Posts: 150
Re: Why the blog is getting fewer updates...

Yes, Chris, the topics you suggest would be VERY valuable to discuss in great detail (inflation vs. deflation, thoughts on gold, or going into greater detail on the key points of preparation raised by Chapter 20.)

 

My request is to discuss the day-to-day happenings of inflation/deflation. I get the academic version of both, I’m very curious on how that looks on the ground (i.e. how much and when to sell gold, how to operate daily purchases, what to do with cash, etc.)

 

Also, a good training program or information that I can use to teach my children about what’s happening and what may happen.

 

Keep doing what you do...

 

Jeff 

 

p.s. enjoy the champagne … you deserve it!

Downrange's picture
Downrange
Status: Martenson Brigade Member (Offline)
Joined: Aug 13 2008
Posts: 62
Re: Why the blog is getting fewer updates...

Thanks again for the Crash Course, and for the site.  I have not found anything, anywhere that puts it together like the Crash Course.  I have recommended it to everyone I know, and linked to the website in my signature on other sites.

Can't wait for Chapter 20.

 

kiwidave's picture
kiwidave
Status: Bronze Member (Offline)
Joined: Sep 7 2008
Posts: 37
Transition Towns

Thanks for the cool link Mike and a look at your great site and new home, you can be justifiably proud of what you are achieving.

I can recommend anyone wanting to learn more and interact with like-minded folk to get in touch with the transition town network.

We have one here in the Bay of Islands, New Zealand. http://www.transitionboi.info/

Cheers,

David.

skyriver's picture
skyriver
Status: Member (Offline)
Joined: Aug 30 2008
Posts: 20
Re: Why the blog is getting fewer updates...
Thanks, Chris. Going into more detail on preparation would be really helpful.  Especially for those of us that can't get away from where we are in the city.  Also inflation vs. deflation.
joe2baba's picture
joe2baba
Status: Martenson Brigade Member (Offline)
Joined: Jun 17 2008
Posts: 807
Re: Why the blog is getting fewer updates...

 3.  It is hard to believe people up in high places - - government, financial sectors - - did not expect to see this tsunami considering their access to all kinds of data.   Typically, I don't subscribe to conspiracy theories, but I am not so sure any more if this man-made collapse has been engineered deliberately or just a result of a combination of greed, denial and utter incompetency of leaders in financial, political arena and many other areas...  Some people on the Internet are saying this collapse is just a part of global elite ruling class's plan for humanity.  I have been glad to see that your material is a lot more rational minded and data driven than these conspiracy theorists'. 

i would suggest you look at chris's essential book list. he clearly states that the book that started it all for him was the creature from jekyll island.  if you have not read it you may want to. 

this financial crisis is a replay of economic collapses since john law. you spray incredible amounts of fiat paper into an economy, the economy collapses. " someone" is holding things like gold and silver in large amounts and they come in and pick up the pieces for pennies on the pound.

the depression was  a direct result of the easy money the fed pumped in to the economy in the 20's. just before the crash the big boys got out. bottom hits and they come back in and buy it up for pennies on the dollar.

if you want to know what we are looking at  read the dollar crisis (on chris's list) it explains bubbles as well as anything you will find.

we currently have a fed chairman who is a "depression scholar" and we had the maestro before him and between the two of them they completely debauched the dollar. we can only conclude one of two things. they are the two most incompetent boobs ever to rise to the most powerful office in the world or this is not an accident.

yes it is hard to believe people in high places did not expect this tsunami. since they caused it. jim rogers has been telling anyone who would listen for years what would happen. buffet is a hero and jim rogers is in singapore....because this country is toast.

and there are certain entities who are benefiting mightily can you say goldman sachs, jp morgan. etc. there will be fewer banks meaning less competition for wall street. something they have been doing since 1913 ie. eliminating competition.

your linkage of conspiracy to irrationality is totally irrational. take a look at the data

golsbygolf's picture
golsbygolf
Status: Member (Offline)
Joined: Sep 23 2008
Posts: 3
Re: Why the blog is getting fewer updates...

Yes Chris,

 That would be great if you could go into detail on inflation v's deflation and also your views on gold.

 

Cheers look forward listening to chpter 20

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Re: Why the blog is getting fewer updates...

yes sorry about that!  it should be http://.transitiontowns.org

 

Mike.

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Re: Why the blog is getting fewer updates...

My kind of guy :

 

http://www.informationclearinghouse.info/article21056.htm

So Long, Suckers

Millionaire hedge fund boss thanks 'idiot' traders and retires at 37

By Andrew Clark in New York

October 20, 2008  "
 The Guardian" -- October 18, 2008 -- The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged "idiots" and thanking "stupid" traders for making him rich.

Andrew Lahde's $80m Los Angeles-based firm Lahde Capital Management in Los Angeles made a huge return last year by betting against subprime mortgages.

Yesterday the 37-year-old told his clients that he had hated the business and had only been in it for the money. And after declaring he would no longer manage money for other people, because he had enough of his own, Lahde said that instead he intended to repair his stress-damaged health; he made it clear he would not miss the financial world.

"The low-hanging fruit, ie idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking," he wrote. "These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government," he said.

"All of this behaviour supporting the aristocracy only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America."

Lahde became one of the biggest names in the investment industry when one of his funds produced a return of 866% last year, largely by forecasting the US home loans industry would collapse.

In his farewell letter, which concluded with an appeal for the legalisation of marijuana, Lahde said he was happy with his rewards and did not envy those who had made even more money.

"I will let others try to amass nine, 10 or 11 figure net worths. Meanwhile, their lives suck," he wrote, citing a life of back-to-back business appointments relieved only by a two-week annual holiday in which financiers are still "glued to their Blackberries".

Lahde's retirement came amid an implosion among the hedge fund industry - some 350 of the funds have liquidated this year, according to Hedge Fund Research.

His final words of advice? "Throw the Blackberry away and enjoy life."

SteveS's picture
SteveS
Status: Gold Member (Offline)
Joined: Sep 6 2008
Posts: 358
Re: Why the blog is getting fewer updates...

I just read that article. But here is the part that really caught my eye:

 

"On the issue of the U.S. Government ... I point out the obvious flaws, whereby legislation was repeatedly brought forth to Congress over the past eight years, which would have reigned in the predatory lending practices of now mostly defunct institutions.  These institutions regularly filled the coffers of both parties in return for voting down all of this legislation designed to protect the common citizen.  This is an outrage, yet no one seems to know or care about it.  Since Thomas Jefferson and Adam Smith passed, I would argue that there has been a dearth of worthy philosophers in this country, at least ones focused on improving government.  Capitalism worked for two hundred years, but times change, and systems become corrupt."

 

 

 

joemanc's picture
joemanc
Status: Martenson Brigade Member (Offline)
Joined: Aug 16 2008
Posts: 834
Re: Why the blog is getting fewer updates...

Thanks Chris for really waking me up from my slumber. I tell everyone I can about your site. Can't wait for  Chapter 20.

I've had a chance to read a couple of Chris's book recommendations and I can see where he comes up with his thoughts and facts. In case anyone is looking to get some more background to the crash course, I would highly recommend his book recommendations.

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Too funny!

So long, suckers. Millionaire hedge fund boss thanks 'idiot' traders and retires at 37

The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged "idiots" and thanking "stupid" traders for making him rich.

Andrew Lahde's $80m Los Angeles-based firm Lahde Capital Management in Los Angeles made a huge return last year by betting against subprime mortgages.

Yesterday the 37-year-old told his clients that he had hated the business and had only been in it for the money. And after declaring he would no longer manage money for other people, because he had enough of his own, Lahde said that instead he intended to repair his stress-damaged health; he made it clear he would not miss the financial world.

"The low-hanging fruit, ie idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking," he wrote. "These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government," he said.

"All of this behaviour supporting the aristocracy only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America."

Lahde became one of the biggest names in the investment industry when one of his funds produced a return of 866% last year, largely by forecasting the US home loans industry would collapse.

In his farewell letter, which concluded with an appeal for the legalisation of marijuana, Lahde said he was happy with his rewards and did not envy those who had made even more money.

"I will let others try to amass nine, 10 or 11 figure net worths. Meanwhile, their lives suck," he wrote, citing a life of back-to-back business appointments relieved only by a two-week annual holiday in which financiers are still "glued to their Blackberries".

Lahde's retirement came amid an implosion among the hedge fund industry - some 350 of the funds have liquidated this year, according to Hedge Fund Research.

His final words of advice? "Throw the Blackberry away and enjoy life."

gregroberts's picture
gregroberts
Status: Diamond Member (Offline)
Joined: Oct 6 2008
Posts: 1024
Re: Why the blog is getting fewer updates...

 In regard to transitiontowns.org, while I agree with the peak oil theory I am strongly against the man made global warming theory, see, http://z4.invisionfree.com/Popular_Technology/index.php?showtopic=2050 for more info.

 

hightor's picture
hightor
Status: Bronze Member (Offline)
Joined: Aug 12 2008
Posts: 26
Re: Why the blog is getting fewer updates...

Chapter 20!  Yeah!

I can't say enough about this course.  I am making copies for all friends and family, (guess I'll wait a few days for the #20), so having watched them all again, which won't be the last time for some of the more tricky ones, I was again astonished at the quality of these messages.

On looking forward, while this is not directly related to your mission here, I have always felt that it is a major shortcoming of our educational system that a basic understanding of money is not required in High School. I've always assumed it's kept out in a self serving effort to keep the masses in the dark about it all, which I've come to think explains society's lack of interest in improving education in general. (That cynical desire/need the power structure has for a large population of ignorant citizens.)  But of all the things we should know something about when we step into the real world, a basic understanding of money and economics is key, and something I am only NOW starting to grasp, and I'm about 5 years from retirement! When you consider how many lives are made worse or even crippled by people's dysfunctional relationship with finance, it becomes clear how important some basic instruction is vital. Of course, Chris, you should design the curriculum!

Thanks again!

Jamie Anderson 

Arthur Vibert's picture
Arthur Vibert
Status: Silver Member (Offline)
Joined: May 16 2008
Posts: 116
Anthropogenic Global Warming

Greg -

The problem with being "strongly against the man-made global warming theory" is that, unless you are absolutely certain that global warming is not caused by human activity, you are risking the fate of the human race on a bet.

Here's how I see it. There are two choices: we either do nothing on the assumption that global warming isn't caused by human activity so nothing we can do will matter, or we make an effort to drastically reduce our output of greenhouse gases with the assumption that it will reduce the effects of global warming.

Here are the potential effects of these two decisions:

1) We do nothing

        a. Nothing changes because human activity isn't the cause of global warming

        b. The climate spirals out of control and life as we know it comes to an end

2) We do something

        a. Nothing changes because human activity isn't the cause of global warming

        b. Reduced output of greenhouse gases mitigates the effects of global warming and humanity dodges                 (again) the catastrophe bullet.

So the only rational choice is to try and do something about global warming. The best case scenario is that we avoid catastrophe and the worst case is that nothing changes, while the worst case in the other option is global catastrophe. Politics aside, is that a bet you're willing to make?

On another topic, Thanks, Chris! The site is excellent and is part of my daily reading ritual. I feel like I have an actual sense of what is going on in the world now. Looking forward to 20.

Arthur

mainecooncat's picture
mainecooncat
Status: Gold Member (Offline)
Joined: Sep 7 2008
Posts: 488
Re: Anthropogenic Global Warming

Arthur,

Wonderful breakdown of the issue. I love it.

One could also include this line of thinking: What if the planet's changing climate (that's not up for debate) was going to happen anyway without humans, but we've just exacerbated the problem. In this case, it would still make sense to attempt mitigation through reduced emissions.

It should also be pointed out that a lot of the practices we could engage in to attempt to mitigate climate change would (even if they didn't mitigate climate change) affect other things positively, say, like less pollution, etc.

JMCSwan's picture
JMCSwan
Status: Bronze Member (Offline)
Joined: Oct 19 2008
Posts: 40
Re: Too funny!

Davos (Tue, 10/21/2008 - 10:59),

What is a Blackberry?

 

ajparrillo's picture
ajparrillo
Status: Bronze Member (Offline)
Joined: Sep 7 2008
Posts: 72
Re: Anthropogenic Global Warming
Bravo.  The acknowledgement that humans can drastically afffect their habitat from local to global (even excluding global warming) scales empowers us to address development/life style issues from a knowledgable and critical perspective.  On another thought, I am a social scientist, so I am not personally an expert on the global warming topic, but being a geographer has afforded me some interpersonal relationships with researchers who contribute, even in small ways, to the plethora of infomation/data that fuels the debate and the time to read more than most on the debate (I only present this as a caveat).  I went to the website provided and found it full of arguments I have previously read and seen to be "debunked" due to data that was not reproducable or cherry picked.  Again, I am not personally an expert on this topic, but am a "believer" as a result of my own studies.  I do not, however, throw out the baby with the bath water; I find some interesting questions raised by GW deniers, including the broader discussion of consensus vs. science and the issues revolving around the peer review process.
JMCSwan's picture
JMCSwan
Status: Bronze Member (Offline)
Joined: Oct 19 2008
Posts: 40
Re: Damnthematrix, blog etc...

Damnthematrix, 

Everyday, the controllers of the Matrix, governments, banks, multinational CEOs tell us we’re all doing just fine, the economy is booming, we’ve never had it so good. And on the whole we believe them. Don’t we? I mean, why else do we keep on voting for the same bastards we don’t trust, put our money in banks we detest, and shop in supermarkets whose owners we know only want to take our money? What is WRONG with us? Can we not think for ourselves? How did this even happen?

Had a look at your websites (both)! And had to say YEAH BROTHER!! to this paragraph!!

Problem -- although many people realise the 'reality' of what you say; they are not willing to confront that as Buckminster Fuller said, in order to really change any existing reality; you cannot and shouldn't fight it, within the existing legal 'reality' rules (those rules are RIGGED); you fight it from a new reality (or substitute 'paradigm').

People honestly havent' the faintest clue, how much they have been brainwashed. They have no idea the amount of manipulating that has gone into thier schooling, that goes into manipulating their fear, keeping them docile, submissive, subservient, unquestioning, etc... etc...

It was no 'accident' -- allot of psychologists, social scientists, politicians, business people, etc. etc. spent a (pardon the french) darn lot of money and darn lot of time, and darn lot of taxpayer money studying HOW TO MAKE ZOMBIES, HOW TO MAKE PROLES WHO CAN BE MANIPULATED TO BUY, BUY, BUY TO MAKE THE BIG BROTEHR PARTY RICH.... and as for those TELESCREENS -- if you think that your television only transmits into your living room, and that any inteligence agency on the planet isn't capable to use it for dual purposes;

HELLO!!!

I probably just got some 'fearless' genes or something; cause I've always lived my life under the principle; I'd rather die standing, than live on my knees....  

Anyway, DamntheMatrix.... Good stuff, you got on your site there.... Keep it up, and soon those coppers and these big brother goverment busy bodies going to have a Humpty Dumpty All Fall Down Goverment.. and it all going to go to hell in a handbasket.... cause they ain't got enough oil to chip us all, NOT THAT THEY WOULDN'T LOVE TO!!

So, really admire you about your commitment to building your house... Hope it works out just like you want it to.

JMCSwan

 

 

 

 

gregroberts's picture
gregroberts
Status: Diamond Member (Offline)
Joined: Oct 6 2008
Posts: 1024
Re: Anthropogenic Global Warming

 Hello Albert,

 I saw that video too, but I think the Sun is responsible for the tempertures on Earth, there are no SUV's on Mars but the polar ice is receeding, the ice is melting on Jupiters moon, Europa.  There is much evidence contrary to man made global warming, (refer to website I posted). There is the fact that 'average' (an average is not the high and low on a given day but readings taken on even intervals and divided by the number of intervals) tempertures have never been taken on a global scale and that the stations that are being used for data collection are not positioned correctly to give an accurate measurement, (near asphalt, concrete, buildings, air conditioners, etc..

 I agree that if we want to have energy in the future that we have to conserve to a great degree what we have left. I was on a nuclear submarine when I was in the Navy and it gives you an idea of finite resources, we took mandatory 3 minute showers, we only had so much food to last three months, we made our own oxygen and  potable water from seawater, sometimes the water distiller would break down and we were not even allowed to use water to brush our teeth because the reactor came first for water usage. We would ship out with between 105 to 149 people on board and you could really tell the difference between 105 and 149 people, they allowed smoking on board and the air was much smokier, much more crowded, less places to get by yourself. Something that surprised me was that food is what we would run out of first, first the fresh produce would go, then fresh milk and real eggs, pretty much always had meat and potatos, the reactor would go 12 to 14 years between refueling so if not for running out of food we could stay under for a long time.

  I wrote about the submarine because the Earth is the same on a much larger scale. Of all the things that need to be done the most important is cut the population down though voluntary action. This would require people to understand what the results are of too many people in the world, Chris's Crash Course would be a good start to this understanding. Since we in exponential growth in regard to population it might be too late to control it in time, we will see.

 

gyrogearloose's picture
gyrogearloose
Status: Platinum Member (Offline)
Joined: Sep 8 2008
Posts: 537
Re: Anthropogenic Global Warming
[quote=Arthur VIbert]

Here's how I see it. There are two choices: we either do nothing on the assumption that global warming isn't caused by human activity so nothing we can do will matter, or we make an effort to drastically reduce our output of greenhouse gases with the assumption that it will reduce the effects of global warming.

[/quote]

 

You fail to mention a third course of action, ( and the one that appears the one the would is taking )

 3 Argue endlessly over an issue that appears far from certain to many people, distracting everyone from the real threat facing industrialised society. A threat that will bring about a massive reduction in CO2 emissions anyway.

I used to look at both sides of the "debate on AGW", but after I found out about peak oil, it seemed about as important as two people standing outside their home arguing about which coloured cellphone they should use to call the fire department.

 

Hamish

 

 

 

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3125
Re: Anthropogenic Global Warming
[quote=Arthur VIbert]

I used to look at both sides of the "debate on AGW", but after I found out about peak oil, it seemed about as important as two people standing outside their home arguing about which coloured cellphone they should use to call the fire department.

 

Hamish[/quote]

You've hit upon the central solution to all of this.  Whether you believe AGW is real, peak oil is approaching, we are too dependent on OPEC, the economics of oil don't add up or you are worried about all other environmental consequences of using fossil fuels, the solutions are the same.  Explore all alternative energy sources and start another "crash course" in conserving.  We have to wean ourselves from fossil fuels.  It's economically, morally, environmentally and geopolitically the right thing to do.

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3125
Re: Why the blog is getting fewer updates...
I was just listening to an HOR hearing on the current credit crisis, including credit default swaps.  According to them, the money currently in credit default swaps is greater than the amounts in all of our nation's stock exchanges or the world's annual GDP.  How is this even possible?  It's mind numbing.
JMCSwan's picture
JMCSwan
Status: Bronze Member (Offline)
Joined: Oct 19 2008
Posts: 40
Re: Damnthematrix, blog etc... (more matrix thoughts)

Years ago when the first “Matrix” film came out I had not considered we were all living in one. In the film there’s a scene where the heroes come out of the ‘behind the scene’ control room, through one of those wobbly air barriers special effects people are good at, and into…… the streets of Sinny! And there they were. Ordinary people like you and me, walking the streets of Sinny, going about their business, shopping, banking, working, all unawares of each other, all on a mission. But a mission to what?

Right then, at that instant, I knew it. I just knew it. We’re all in the Matrix. Going about our business aimlessly, except perhaps to fulfill some need to impress people we don’t like with things we don’t need bought with money we don’t have…….. Slaves. All slaves to the system I now call the Matrix.

You will appreciate this: WAKE UP!!

IF YOU HAVEN'T YET; YOU SHOULD DEFINITILY ASAP WATCH THE TRAILER AND PART 1....

YOU MIGHT FIND IT A VERY VALUABLE RESOURCE TO DOWNLOAD AND SHARE WITH YOUR MEETUP TEAM!!

JMCSwan

 

 

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments