Video Description

The global financial system and economy are a house or cards.  Built on an unsustainable underpinning to ever-increasing debt the financial system is, as far as I am concerned, irretrievably insolvent.

To truly grasp this you need to understand the basics of banking and currency (what we call money, but really isn’t because it doesn’t satisfy all three necessary preconditions to be called such).  This is briefly covered in this episode.

With that basic grounding we can appreciate the vast gap between the claims on true wealth and the amount of true wealth (lots of currency, not as much ‘stuff’) and now can discuss the immense pain coming to those with fewer resources to combat rapidly rising inflation.

Even worse, a true energy emergency in Europe is going to really create a lot of headaches and financial heartaches for a lot of people.  With this essential context you can begin to build up a personal resilience plan to weather it all as best you can.  But it all begins by having the right frame of view and sufficient information and context.

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25 Comments

  • Wed, Oct 06, 2021 - 7:53pm

    #1

    Arthur Robey

    Status: Member

    Joined: Feb 03 2010

    Posts: 1625

    2

    Arbeit Macht Vrei

    Perhaps we have been here before.

    It must be clear to anyone that, for instance, a great electrical plant using waterpower might well be erected in the following unexceptional manner: The Government introduces a bill in the legislative council for exploiting the waterpower of Bavaria, Saxony, etc., by satisfying all economic requirements.

    The local Diet, or other body, decides on construction, empowers the finance minister or the State Bank to issue a series of banknotes, marked specially to show that they are fully covered by the new works under contemplation. These notes are supported by the combined credit of the State or the Reich.

    No one can show any objection on the score of inflation. Construction takes place on the additional credit granted by the council representing the nation, and the notes become legal tender like the rest.

    When the work is completed, nitrates or electricity are supplied to customers against this money, and in a few years the issue can be recalled and destroyed.

    Result: The State, the nation has instituted a new work, which secures to them a great new source of revenue, and the nation is the richer by it.

    Feder, Gottfried. The Program of the Party of Hitler: The National Socialist German Workers' Party and Its General Conceptions . Ostara Publishing. Kindle Edition.

    Note well. No money was borrowed from any Bankster. None.

    So, Saxons, who won the war? The Banksters won the war. And they have been in charge of the Mighty Wurlitzer ever since.

    Nope: The Bankster do not need to charge any interest at all. Not one shiny Brass Razoo.

    The Boss called this Belief that we need an interest rate The Bankster's Thrall.

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  • Wed, Oct 06, 2021 - 8:19pm

    #2
    helmadi

    helmadi

    Status: Member

    Joined: May 23 2021

    Posts: 113

    5

    Pfizer Whistleblower LEAKS Execs Emails EXPOSING Suppression of Covid Vax Info From Public

    https://odysee.com/@ProjectVeritas:7/pfizer-whistleblower-leaks-execs-emails:e

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  • Wed, Oct 06, 2021 - 8:22pm

    #3
    Hladini

    Hladini

    Status: Bronze Member

    Joined: Dec 28 2011

    Posts: 388

    10

    Warning, Warning, Warning

    I'm seeing that robot from Lost in Space waving about it's arms, flashing lights, repeating "warning, warning, warning."  How is the country going to deal with this?  I've been getting ready, prepping, stacking, diversifying my income, learned how to grow food, planted dozens of fruit trees, but I am not ready for crazy inflation or shortages.  And I have known this is coming.

    How are the normies going to cope?  Who will they blame?  The illusions are so strong, when this sucker pops all hell could break loose.  What will the Feds do?  Create the whipping boys, for sure.  Some enemy(s) will take the heat and attentions will be diverted.

    The suffering will be enourmous and we can count on our authorities to make things worse.

    BTW, those headlines in the UK?   The US has the same problem.  Time magazine has had special editions for the US and something entirely different for the rest of the world.

    As usual, fantastic job, Chris.

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  • Wed, Oct 06, 2021 - 8:25pm

    Hladini

    Hladini

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    Joined: Dec 28 2011

    Posts: 388

    3

    Gotta Love Veritas

    Thanks for posting, have been following this series.  Reminds me of how 60 Minutes started out in the 70's.  Also reminds me of "Marvin Zindler, Eye Witness News" - a guy that went to bat for the local little guys in Houston, TX.

    Veritas is bringing back real journalism and does a good job of going undercover.

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  • Wed, Oct 06, 2021 - 9:42pm

    #5
    Canuck21

    Canuck21

    Status: Platinum Member

    Joined: Aug 10 2020

    Posts: 1038

    3

    How to weather the inflationary and energy storms ?

    Chris, this is in the title of this episode but you do not talk about it.  Can you do so please?

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  • Wed, Oct 06, 2021 - 10:06pm

    #6
    Chris Martenson

    Chris Martenson

    Status: Platinum Member

    Joined: Jun 07 2007

    Posts: 6655

    24

    Re: How to weather the inflationary and energy storms ?

    Chris, this is in the title of this episode but you do not talk about it.  Can you do so please?

    Of course. I was a bit cryptic.  The direct answer is to not be too overly exposed to tertiary wealth and to have as much primary and secondary wealth as you can manage.

    At a very small scale a "means of production" might be an operating alcohol still.   at a larger scale you might own a beef ranch with a thousand head.

    For the small investor who wants to remain mobile getting your cash out of currency and into portable wealth such as Bitcoin (for now...I have my concerns over that over the long haul principally due to its current reliance on electricity for mining and a functioning network), or gold.

    If you own a home you should be considering how to insulate it more securely to cut down on heating bills this winter.  Perhaps close off rooms that can be kept cold and turn off the heat to them.

    Everyone needs to have a plan for what happens if there's a breakdown in food distribution.  That could happen for a myriad of reasons ranging from a trucker's strike (think of fuel costs that exceed trucker pay, for example) to an actual structural shortage due to any of the equipment involved running out of parts or ... well lots of possible reasons.

    So storing food makes sense for the winter, and then having a good garden plan for next Spring also makes sense.

    In places facing brownouts or blackouts, then having batteries and a means of charging them with solar is critical.  One would always want LED lights at night and a charged phone, at a minimum.

    Mostly "being prepared" means getting psychologically ready to simply get by on less.  It won't be the end of the world, but it will be difficult for those who haven't seen it coming and haven't given themselves a gracious period of adjustment beforehand.

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  • Wed, Oct 06, 2021 - 10:33pm

    #7

    Arthur Robey

    Status: Member

    Joined: Feb 03 2010

    Posts: 1625

    0

    Intellectual Phaselock.

    It so happens that I was listening to Ingo Swann's book "Penetration" last night and he addressed intellectual Phaselock as an aspect of "telepathy".

    He made the observation that, of all Taboos, "Telepathy" tops the list of controlled ideas.

    And I see that Intellectual Phaselock wherever I look.

    • Mention the results of the SAFIRE experiment; phaselock, can't go there.
    • The Inhabited moon; Phaselock, can't go there.
    • The need too implement Dr. Gerard K O'Neil's Business plan to take the population of the Earth and it's polluting industries off-world; Phaselock, can't go there.
    • Implement the successful economic policies of the Third Reich; phaselock, can't go there.
    • Question Abrahamism; phaselock, can't go there.
    • Study the evidence that Dr. David Jacobs presents for the Alien Infiltration; Phaselock.
    • Question St. Einstein's Bent Nothingness conjecture; Phaselock, can't go there.
    • Question St. Fauchi; phaselock, can't go there
    • Question the "Laws" of physics; phaselock, can't go there.

    I am absolutely certain that I am also held in thrall by phaselocks that I am completely unaware of.

    What generates these phaselocks exercises my mind.

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  • Wed, Oct 06, 2021 - 11:38pm

    #8
    HurricaneRider

    HurricaneRider

    Status: Bronze Member

    Joined: Jun 04 2021

    Posts: 48

    10

    looking for a word for phrase

    Is  there a word for phrase for that interval between, say, when you fly out of  a motorcycle crash perfectly OK, but before you hit the ground, where everything seems to be in slow-motion?  Is there a word for the interval between when a hurricane has passed and you're just fine, but the lights are out and life is going to be rough and smelly for the next few weeks?  Between when you drop a champaign glass and it hits the floor?  Is there a word for the time between when your central bank prints a bunch of money, but your monthly costs haven't quite ramped up?

    It seems that the phrase for at least that last one is "right now."

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  • Thu, Oct 07, 2021 - 6:35am

    #9
    RandomMike

    RandomMike

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    Joined: Mar 12 2020

    Posts: 389

    0

    Restaurants Prepare for Energy Shortage--WSJ

    https://www.wsj.com/articles/restaurants-spend-big-for-upgraded-outdoor-dining-with-quicker-service-elaborate-decor-for-winter-11633599000?mod=hp_lead_pos4

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  • Thu, Oct 07, 2021 - 9:26am

    #10
    LBL

    LBL

    Status: Gold Member

    Joined: Apr 11 2020

    Posts: 459

    2

    LBL said:

    https://www.sfgate.com/news/article/California-lawmakers-push-to-ban-new-drilling-in-16511513.php

    California Loves Gasoline but it doesn't like Oil.

    I see a potential problem emerging.

     

    The pipe that ruptured to cause the oil spill, 16 inches in diameter, was dragged 105 feet by a boat anchor.

    It is suspected that that boat anchor was attached to one of the many container ships that are in a Traffic Jam outside Long Beach etc. ports.

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  • Thu, Oct 07, 2021 - 10:25am

    brushhog

    brushhog

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    Posts: 1003

    2

    brushhog said:

    Eye of the storm?

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  • Thu, Oct 07, 2021 - 12:14pm

    #12
    Redneck Engineer

    Redneck Engineer

    Status: Bronze Member

    Joined: Mar 16 2020

    Posts: 233

    2

    Inflation/Deflation?

    Chris,

    Terrific video as usual.
    Given the rising prices are you still of the view that deflation is coming before a really massive inflationary wave? Or are going straight to inflation?

    From my reading, prior episodes of hyperinflation are preceded by periods of price instability, like a driven oscillator, with each cycle of boom/bust reaching higher highs and lower lows. In physics, such a pattern often leads to the oscillator itself breaking - so in analogy for the monetary system, the hyperinflation is the monetary system after it breaks. It’s the prior boom/bust amplifying cycles that cause the break.

    This would suggest deflation in short periods could still be ahead but getting the timing right to take advantage of these is likely very hard to manage.

    Thoughts?

     

    Thanks!

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  • Thu, Oct 07, 2021 - 4:45pm

    #13
    jisaac

    jisaac

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    Joined: Apr 22 2018

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    5

    jisaac said:

    Hi Chris,

    I understand the need to raise money to run the website and earn a living doing it.

    However, would you consider making the recent video "Vaccine Benefits & Injuries" public?

    I and many others can not afford a subscription, and this information is extremely important and is unavailable elsewhere in a form the layman can easily understand.

     

    Thanks - I appreciate what you do, greatly.

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  • Thu, Oct 07, 2021 - 10:09pm

    One-Horse

    One-Horse

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    Joined: Jun 11 2021

    Posts: 38

    0

    Re: How to weather the inflationary and energy storms ?

    Great video Chris!

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  • Fri, Oct 08, 2021 - 9:22am

    Dave O

    Status: Member

    Joined: Oct 23 2011

    Posts: 34

    1

    @Hurricane Rider

    I think the term for the motorcycle predicament or a Judo throw would be called "Time of Flight"

     

    It does feel like that moment is now.

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  • Fri, Oct 08, 2021 - 12:21pm

    #16
    helmadi

    helmadi

    Status: Member

    Joined: May 23 2021

    Posts: 113

    21

    100-200 members of congress treated with ivermectin

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  • Fri, Oct 08, 2021 - 1:30pm

    #17
    nordicjack

    nordicjack

    Status: Diamond Member

    Joined: Feb 03 2020

    Posts: 1667

    5

    wow Dr Kory

    That is an amazing declaration.    Of course we already assumed that.  Bill Gates kids are not vaccinated. I am sure fauci didnt take a real vaccine.   They are all taking the ivermectin.   Including joe.   AND none got the vaccine.

    The vaccine is for us.  The ivermectin is for them.

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  • Fri, Oct 08, 2021 - 2:20pm

    Quercus bicolor

    Status: Gold Member

    Joined: Mar 19 2008

    Posts: 1085

    0

    What would be the implications of outing them?

    Especially democrats or any that have supported "no treatment for you" or vaccine mandates.

    It could really throw a wrench in the "no treatments for you" machine, but there could certainly be legal implications and other risks to those who do it.

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  • Fri, Oct 08, 2021 - 3:40pm

    #19
    brushhog

    brushhog

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    brushhog said:

    How could he know that? Impossible. I call BS.

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  • Fri, Oct 08, 2021 - 6:02pm

    nyhetersverige

    nyhetersverige

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    4

    nyhetersverige said:

    No not impossible. He says 'a colleague'. That colleague is going to be protective of his job. Pierre doesn't have a habit of lying, unlike TPTB.

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  • Sat, Oct 09, 2021 - 5:23am

    #21
    Jasper Martitz

    Jasper Martitz

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    Joined: Oct 07 2021

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    0

    Part 2 - Link to vaccines

    Hi!

    I´m a new member here and would like to thank you for your work!

    Unfortunately I came here to watch part 2 of the money bad policies inflation video but the link goes to another Part 2 video of the vaccine episode.

    Best wishes from Germany

    Jasper

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  • Mon, Oct 11, 2021 - 2:03pm

    YZ_from_Katy_TX

    YZ_from_Katy_TX

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    0

    YZ_from_Katy_TX said:

    lull?

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  • Thu, Oct 14, 2021 - 6:59am

    #23
    Mergessee

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    Mergessee said:

    In 2021, start earning cash from your home and getting paid(500$ to 700$ / hour ) by this job. These are the best online jobs I’ve made $84, 8254 so far this year working online and I’m a full time student. Join it today here...______http://www.maxweatlh.com/

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  • Sat, Oct 16, 2021 - 9:08pm

    #24
    Barbara

    Barbara

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    Joined: Dec 15 2009

    Posts: 226

    2

    A new twist on financialization scams from NYSE

    Chris, have you seen this?
    It makes the Derivitives people look like kids with a lemonaid stand.
    "the NYSE teamed up with the Intrinsic Exchange Group (IEG), in which the NYSE itself holds a minority stake" to issue securities around a new asset class that pretends to fund climate and sutainability efforts but is being sold as a "$4,000 trillion (i.e. $4 quadrillion) . . . Opportunity". [Opportunity is Wall Street code for a new way to extract money from normal people.

    Wall Street’s Takeover of Nature Advances with Launch of New Asset Class
    UNLIMITEDHANGOUT.COM
    Wall Street’s Takeover of Nature Advances with Launch of New Asset Class

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  • Wed, Oct 20, 2021 - 11:04am

    #25
    westcoastjan

    westcoastjan

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    Gail Tverberg with another asute analysis

    https://ourfiniteworld.com/2021/10/18/spike-in-energy-prices-suggests-that-sharp-changes-are-ahead/

    The picture she paints is not pretty. This is yet more confirmation of how we have been lied to and deceived to keep the game going. A small excerpt:

    ... Now, through several iterations, the economy has become increasingly complex, with less and less redundancy to provide stability. The energy price spike that is being experienced today is a warning that something is very, very wrong. As I see the situation, the trend toward complexity has gone too far; the economic system is starting to break down. Sharp changes appear to be ahead. The world economy is shifting into contraction mode, with more and more parts of the system failing.

    In this post, I will discuss some of the issues involved. It turns out that energy modelers haven’t understood how detrimental intermittency really is. They modeled intermittent electricity from renewables (wind, water and solar) as far more helpful than it really is. This has been confusing to everyone. The sharp changes that the title of this post refers to represent an early stage of economic collapse. .....

    And her conclusion:

    I could continue speculating on the changes ahead. The basic problem, as I see it, is that we have reached limits on oil, coal and natural gas extraction, pretty much simultaneously. The limits are really complexity limits. The renewables that we have today aren’t able to save us, regardless of what the models of Mark Jacobson and others might say.

    In the next few years, I am afraid that we will find out how collapse actually proceeds in a very interconnected world economy.

     

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