“…this is a Frankenmarket of their own creation…”
Ha ha ha, good one Chris. I see my phrase resonated well in 2004.
Anyway, Chris Martenson can talk like nobody’s business. I cannot verbally express myself the way he does. Not nearly, not publicly. He once woke me up with a late night phone call going on with the energy of a true believer, and I’m like ‘wow this guy is driven and on a mission’. Me paraphrased: ‘Ya ya ya Chris, things are bad and I think it’s great you are going to [oof, I am still listening as I post and I just heard “deflationary impulse”, another Biiwii-ism, although to be fair I’ve heard that one around elsewhere over the years. At least I have not heard ‘Inflation onDemand’© or the ‘Continuum’© going around the internet] try to tell the world about it… hey, what time is it, anyway?’
Doctor Martenson came from the same group of alarmists that I came from early in the Greenspan Inflation around 2002-2004. It is one thing to be alarmist (we were proven correct in 2007-2009, but my preferred tack was to play these macro swings driven by out of control policy. First off, secure true monetary value (hint hint) and second, get rid of personal, and in my case business, debt. Then go forth and speculate (this included bullish stock market positions in 2003-2007).
Where I disagree with certain types of gold bugs and alarmists is that you do not live your ideology or even your deepest held beliefs on a daily basis; not in the financial markets you don’t. You continually remain vigilent as to negative potentials and you go forth and you enjoy life as best you can in sometimes insane circumstances. But you do not scare the shit out of people in the here and now, because most of those people receiving the information are going to make emotional moves in real time and then… the macro crawls along ever so slowly to where it is going.
That is why I tune these things down, despite the obvious intelligence of the speaker. It’s all psychology my friends. I put the Armstrong input I get in the same category. These are the financial markets, not some war of ideology.
This interview came my way via LinkedIn.
 I have not listened to Chris in a long time. How long has he been talking about deflation? I thought the big focus had been on inflation. The contrarian in me is curious.