Don’t Miss This One! The Chris Martenson Interview
Posted April 6, 2015
This is one of the very best interviews I have ever participated in. Chris Martenson did a brilliant job, asking all the right questions.
This podcast was posted on the PeakProsperity website today under the eye-catching (or even heart-stopping) headline, The Real Risk Of A Coming Multi-Decade Global Depression. We do discuss that risk. But the thing that makes this interview special, in my view, is the discussion that follows, on how that outcome could be prevented.
During the last few hours, Zero Hedge posted this interview on their site. So far, it’s had 38,000 “reads” and sent the fight club crowd into a frenzy – and the US markets won’t even open for a few more hours.
Chris is the well-respected creator of The Crash Course and co-founder, with Adam Taggart, of PeakProsperity.com. His work focuses on the interconnected forces in the Economy, Energy and the Environment. If you are not familiar with Chris, you should explore his excellent website. He has a lot of important insights that we cannot afford to ignore.
Here’s the link to the podcast:
By the way, within the next couple of days, I’ll be uploading a new Macro Watch video discussing the increasing probability that the United States is sliding back into recession. I’ll let you know when I do.
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I am intrigued by your statement that the Fed returns the interest they earn on Treasury bonds to the Treasury every year. In James Rickards’ book Currency Wars, p 175 he claims the following: “In 2010, the Fed and Treasury agreed that the Fed could suspend the repayments indefinitely. The Fed keeps the cash and the amount the Fed would normally pay to the Treasury is set up as a liability account – basically an IOU.”
How does that change the “debt cancellation” paradigm of Fed owned debt? And what does it do to the total debt of the Treasury, if true.
Thanks for the question. This is a very important subject. Here’s the direct link (no password required) to a video I made explaining all the details: QE Is Debt Cancellation:
Check it out.