Tag Archives: actions
You know that something is very wrong.
Even if you ascribe to the recovery meme and ingest the current narrative that the economy is about to take off and that stocks and houses will once again make us all rich, you know deep down that the story of perpetual exponential growth has an ending.
Maybe not immediately, but someday, certainly, the doctrine of endless growth will have to end. And you know that in all likelihood it won't end on human terms, in a manner of our careful choosing, but on some other terms set by exhausted ecosystems and depleted resources interacting with our highly complex economic and financial systems.
Don’t wait to find out; build something better
Tuesday, November 20, 2012, 4:04 PM
A review of a new report, Trade Off by David Korowicz, on how and why a collapse of our global financial and economic systems are likely to occur. Take actions now to build resilience and prepare yourself and your family for the changes ahead.
A new Martenson Report is ready for enrolled members.
- Housing data is weak and just took a turn for the worse
- Stimulus efforts were essential to keep housing propped up
- The stimulus has ended
- QE and stock market prices are correlated
- What’s coming next
- What you should do
We bought our house in November of 2009. This will turn out to have been a very bad financial decision. We’ll be underwater on that purchase for a very long time; maybe forever (or until Bernanke’s great experiment takes the final turn towards massive currency destruction and inflation; whichever comes first).
This blog post is the most recent Martenson Report, which I am now making available for wider distribution. I believe this needs to be read and understood by as many people as possible.
Sunday, August 16, 2009
- With the most recent bank failures, the FDIC is out of funds.
- The FDIC is levying a one-time fee on member banks to cover the shortfall, but it will not be enough and it punishes the prudent.
- The FDIC has been suspiciously slow at shutting down banks that have admittedly already failed.
- Banks have been allowed to overestimate the actual worth of their assets using “mark-to-fantasy” accounting.
- Hundreds of banks are likely already mortally wounded and set to fail.
- The FDIC means well, but creates a moral hazard the effects of which now haunt us.
- Take prudent action: Choose only high-rated banks, and keep cash out of the bank.
Here is another past Martenson Report that I am now offering free to all registered users. It contains an explanation of the money flow between the Treasury Department and the Federal Reserve and some recommended personal actions that you can take. Click on the following link to read the report.
Here is another past Martenson Report that was previously available only to enrolled members but is now available to all registered users.
I wrote this report over a year ago, in March, 2008. The recession was underway, Bear Stearns had just been rescued, Lehman Bros. was still in business, and the stock market had not yet dropped significantly. Thankfully, a systemic banking crisis did not come to pass during that time.
I encouraged readers to take specific actions to secure their well-being in case of such a crisis. Pay close attention to the very end of the report, where I offer suggestions that I strongly recommend you consider. These recommendations are ones that I stand by today.
I’ll be on vacation with my family for the next two weeks, but rest assured that I will still have my finger on what is happening in the market (via the wonders of technology). I will make sure you have plenty to keep you busy while I am away. To start things off, here is a past Martenson Report that I am now making available for free to all registered users.
This Martenson Report was written on May 27, 2008, almost exactly one year ago. We were already calling it a recession at that point. Now I would go so far as to call it a depression. But regardless of the word you use, the concepts in this report remain true to this day. It’s a good one to review. Grab a cup of coffee and a chart of the stock market that encompasses May of 2008 (try to remember where we were then), and see how this advice – all of it – turned out.
I missed a couple of calls here; that goes with the territory, but I am more than satisfied that my framework a year ago was essentially correct and therefore predictive.