Dateline: 9 October 2013
|This is the logo for Chris Martenson's Peak Prosperity web site|
Back in January of 2008, when I posted An Agrarian-Style Economic Self-Defense Plan, I had a strong feeling that a significant economic downturn was imminent. The crash of 2008 came a few months later. Well, I'm getting that feeling again.
America dodged the proverbial bullet after 2008 when the Federal Reserve responded by creating and pumping enormous sums of fiat money into the economy. But that was only a temporary dodge, not a fix or solution to the economic mess we find ourselves in. Any recovery we've seen is not solid or lasting—it is all based on enormous increased debt. More trouble, and worse trouble, is surely coming.
I haven't listened to mainstream radio or television, or been on the internet news sites, for a few months now, so I don't know what the talking heads there are saying. But I have been tuning in to a few different web sites, like the the McAlvany Weekly Commentary, and listening to a variety of podcast interviews.
For example, This Interview With John Williams was particularly interesting to me. Mr. Williams is the founder of ShadowStats.com, a company that looks at actual economic numbers and statistics, not the carefully crafted lies presented to the American public by government and media. In that interview Mr. Williams lays out the case for serious concern about our economy, and explains why he expects that hyperinflation is inevitable.
That interview resonated with me because, for one thing, I think John Williams is a very intelligent man; he hasn't bought into the government disinformation. Besides that, I happened to be reading the book, When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany. I don't recommend the book because it was a difficult read, but I'll be posting a blog about what I learned (and what we can expect) from it in the near future.
What I do recommend, however, to everyone who wants to learn the truth about our economic situation is Chris Martenson's Peak Prosperity Crash Course. This free, step-by-step, online course is presented in 20 lessons and is the absolutely best real-world, Economics 101 teaching that I've yet to see. I dare say, if you pay attention to this 3.5 hour class, you'll probably end up knowing more about basic economics than you'd learn if you paid the big money for a college course and sat through months of classroom teaching.
Chris Martenson's Crash Course explains why the next 20 years will not be like the past 20 years when it comes to the economy. He recognizes that we are entering a whole new economic paradigm. What I like about the course is that it's not a gloom-and-doom presentation. Chris is upbeat, but he's upbeat because he's properly informed. We face harsh realities, but those who see and face the realities will be better prepared than those who never see the realities coming.
If you have a lot of financial resources, you need to take the Crash Course. If you are barely making ends meet, you need to take the Crash Course. After listening to Chris Marten's presentation you will be more informed than 99.9% of Americans. Regardless of your financial condition, ignorance is not bliss when it comes to economics, especially these days.