Chris Martenson Straight Talk With John Rubino: The Damage Is Already Done

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Tue, 03/22/2011 - 15:22 | 1087004 Dr. Porkchop
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Tonight we're gonna party like it's Dow 1999!

Tue, 03/22/2011 - 15:41 | 1087048 10kby2k
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I've been in the crash camp (despite Bernanke's attempts otherwise) and 1999 would be a realistic target.  1.999Kby2K13  (I made the screen name 10Kby2K in 1994 on AOL and when it hit 10K in 1999 i had rode that parabola long enough---completely missing the Naz's runup to 5K).

Tue, 03/22/2011 - 17:52 | 1087580 I am Jobe
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Yeap, turn on the printers Ben

Tue, 03/22/2011 - 18:08 | 1087613 dick cheneys ghost
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Warren Buffett calls himself a "retard" while in India.....

Tue, 03/22/2011 - 15:23 | 1087006 TruthInSunshine
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James Jam It Cramer says invest all wealth in NFLX, baby!

03-22 14:47: Netflix is worth double the current price, Jim Cramer says on CNBC

Tue, 03/22/2011 - 15:29 | 1087020 The Axe
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Cramer has jumped the SHARK...worth double....I will take that bet... He needs to double his ratings...

Tue, 03/22/2011 - 15:37 | 1087034 TruthInSunshine
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I think his show is the 4th or 7th least watched show on all of cable...something like that (something like 24,000 viewers).

Tue, 03/22/2011 - 15:41 | 1087062 Dr. Richard Head
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There would be a two-fold ratings increase in the show ff Cramer were to star in a snuf film for that program.  Come to think of it, Netflix could stream the show as well.  Cramer's prediction could come true, plus we wouldn't have to deal with Cramer anymore.

Tue, 03/22/2011 - 15:59 | 1087155 The Axe
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Lenny Dykstra has a triple buy on NFLX...raising his target to 1,000.....heee

Tue, 03/22/2011 - 16:11 | 1087207 velobabe
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hey Joe W. over at thinks Groupon is going to be B I G.

IPO, bitchez!

plus paper money is where it is @ over at businessinsider. they probably are going to be coming out with an IPO.

øhedge, ROCKS†

Tue, 03/22/2011 - 16:55 | 1087401 SilverBoy
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He said Lenny Dykstra.  To funny

Tue, 03/22/2011 - 20:34 | 1088075 Seer
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"There would be a two-fold ratings increase in the show ff Cramer were to star in a snuf film for that program."

Isn't that what Mad Money is?

Tue, 03/22/2011 - 15:39 | 1087045 Dr. Richard Head
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Would this be the harbinger of an imminent Netflix crash? 

Tue, 03/22/2011 - 15:49 | 1087096 TruthInSunshine
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History would seem to think so.

Tue, 03/22/2011 - 15:25 | 1087012 Paul Krugman
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Great article written on Seeking Alpha today about how JP Morgan got approval for a vault license by the CFTC. Now they can manipulate silver some more by hiding the fact that delivery failures occur because it is being delivered to their own damn vault.

Tue, 03/22/2011 - 17:49 | 1087572 silvertrain
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 It is very frustrating to see anyone get away with the stuff that they get away with..There annoucement in the fall of opening a Gold facility in Singapore is another one..There is one little , itty, bitty small bright yellow canary in the coalmine and his name is Silver supply..They can extend and pretend all they want, I do not give a shit, I will buy this Friday like I do every friday and will continue to do so until I feel that it is over valued..Sooner or later one of these gigantic industries is going to call in for there order to there bullion house and its going to be  delayed..Then further delayed the next time , and soon they want be able to get the quantity they want..Then they will proceed to call around to try to secure the metal from another source and they will be out, then we have panic and a Rodium moment will pop off...

Tue, 03/22/2011 - 18:00 | 1087595 JW n FL
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by Paul Krugman
on Tue, 03/22/2011 - 15:25



Great article written on Seeking Alpha today about how JP Morgan got approval for a vault license by the CFTC. Now they can manipulate silver some more by hiding the fact that delivery failures occur because it is being delivered to their own damn vault.





Tue, 03/22/2011 - 18:02 | 1087597 OldTrooper
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You had to know they would go down fighting.  Still, I didn't expect this.  Very clever.  What kind of clowns (and there will be plenty of them-after all, one's born every minute) are going to trust JPMorgue to hold their PMs?

Tue, 03/22/2011 - 20:07 | 1087967 DosZap
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They are just planning on picking up the pieces,and storing all they can get for the NEW world Order's birth.

The Old Gvt will need all the PM's they can get to restart the next ponzi.

Tue, 03/22/2011 - 15:29 | 1087018 Judge Judy Scheinlok
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Will Chris Martenson bring his free range chickens in to protect them from the radiation?

If so will they be confined to the basement in his house or will they get to roam all around?

Tue, 03/22/2011 - 18:51 | 1087712 New_Meat
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"... bring his free range chickens in to protect them from the radiation?"

The early nuclear experiments had the observation, since confirmed, that the passage of a human through a radiation beam slowed down the particles enough to engender more reactions.

We, in the more stylish sty, take no notice of this poultry.

- Ned

Tue, 03/22/2011 - 19:56 | 1087913 SWRichmond
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Now THAT's funny!

Tue, 03/22/2011 - 15:38 | 1087040 buzzsaw99
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The usa fraud economy may persist for some time but it is rotten throughout. Hollow trees sometimes stand for many years but you don't want to lean on one too heavily.

Tue, 03/22/2011 - 15:40 | 1087042 pazmaker
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"We are like a family arguing over redoing the kitchen while the house burns down"



So So True!  I like that saying

Tue, 03/22/2011 - 18:06 | 1087609 JW n FL
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"We are like a family arguing over redoing the kitchen while the house burns down"




Even here we do it, I am GUILTY! of it all the time.. and how stupid am I for being a knee jerk response idiot?

Fight Club AFREES! on the Big stuff.. so lets push on the big stuff?

Like POMO? Like the Lobby Dollars? Like the circle jerk.. wash, rinse and repeat Banker Lobby Slush Fund?


I will do whatever work wise to help, but I would like to start on the high dollar items.. if I am voted down but the group then I will still work on whatver the group Votes as our first order of business. with no bitching.  

Tue, 03/22/2011 - 15:41 | 1087052 Calmyourself
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"But once investors and central banks realize they’re being scammed and demand a much higher rate for US Treasury bonds, we’ll enter the final stage of the process, in which the Fed buys ALL the bonds issued by Treasury directly."

I am tired of reading this from multiple "poundits".  The central banks have not figured this out but we have, yeah right..  This does not end until the asset stripping and NWO is in place.  This will continue much, much longer than most think it can.  Street level scanners, control of the internet and much more yet to be implemented before the "fall" is engineered.

Tue, 03/22/2011 - 15:47 | 1087079 redpill
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As long as we have the big banks playing the game, they won't need to buy the bonds directly, they can just play POMO games and extend and pretend that they aren't monetizing debt.  We literally have the financial sector merging with government before our eyes, we are rushing toward oligarchy and every day that passes our "elected representatives" are less and less relevant.


Tue, 03/22/2011 - 20:20 | 1088036 DosZap
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our "elected representatives" are less and less relevant.

This was THE plan from the get go.

Tue, 03/22/2011 - 17:17 | 1087479 LFMayor
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that is if the "fall" happens when they want it to, instead of when they don't expect it.  Humans fuck up, it's a given.  If they miss one step, the right step, the whole thing could crumble out of control.

Tue, 03/22/2011 - 19:00 | 1087747 sschu
sschu's picture

This will continue much, much longer than most think it can.

All things being equal yes it can and will.  Hence the Black Swan theory that some unexpected event will change everything.  Right now things seem pretty resilient, MENA, Japan, melting down reactors do not seem to phase us much.

IMHO, this is the sign that the end is close, it is so obvious to anyone that the markets (fx, stock, bonds) are totally rigged, the manipulation is there for anyone to see.  This indicates that the margin of error is so small that the system is extremely vulnerable.

So what this means to me is our enemies, who are far more astuteand have many more resources than me, will move to profit from this vulnerability.  The impetus for Sept 2008 was massive withdrawals of MM funds, the word is that the world financial markets were hours from collapse.  If you believe this to be true, then our vulnerabilities are massive and obvious.   

It will happen so fast that the end will occur in seconds.  Or the beginning, depending on your view.


Tue, 03/22/2011 - 20:19 | 1088031 DosZap
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You got it, the one's who caused this are so stupid, they Do not GET it?, the peoples are going to have to be penniless, and a sack of bones, like zombies, a person devoured by cancer, with 48hrs to live.

Break all the classes down to the ground, then CUT OFF the basics of life to all who do not obey.

Their will be millions of dead people walking and in the streets.

Tue, 03/22/2011 - 15:40 | 1087054 MGA_1
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A few currencies swaps, little hit on the PMs, backstop some derivatives - voilla !  Problem solved !

Tue, 03/22/2011 - 22:16 | 1087058 Tail Dogging The Wag
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Right on the money! Excellent article.

John Rubino has played the best hand: Royal Flush

Tue, 03/22/2011 - 15:42 | 1087059 Commander Cody
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Might I summarize: Veggies and guns, bitches!

Tue, 03/22/2011 - 20:03 | 1087947 SWRichmond
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I divide my time somewhat equally between growing food, earning a living, practicing rifle, and (verbally) fighting tyranny.

My radishes and lettuce are up, peas not up yet, tomato plants look mighty fine.  The potatoes are in deep so I won't be hearing from them right away.  I need to put in the next round of radishes.

Tue, 03/22/2011 - 15:41 | 1087061 golfrattt
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Just laid out my favorite caveman outfit, preparing for the inevitable....

Not a REAL caveman, not with all that canned food stacked as high as high can go..

Tue, 03/22/2011 - 15:43 | 1087063 buzzsaw99
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never trust a joo banker

Tue, 03/22/2011 - 15:46 | 1087081 prophet_banker
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how unfortunate to see the solution discarded like yesterday's trash; supporting the thesis lie that bank created money is ok, but government created money isn't.  For the ignorant, all money is created as debt, and most is created by commercial banks, not central banks.




"Or perhaps we’ll simply print the money the government spends, with no borrowing needed. At that point, no sane person will want to hold dollars"

Tue, 03/22/2011 - 15:51 | 1087106 docj
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Only quibble - it's Harry Browne.

Otherwise, well done.

Wed, 03/23/2011 - 01:14 | 1088880 Diogenes
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I miss Harry Browne. It was fun calling his followers the Harry Browne people. It made them sound like a bunch of Rastas.

Tue, 03/22/2011 - 15:53 | 1087112 zerotoad
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he worked for  ---HE IS FULL OF CRAP

Tue, 03/22/2011 - 16:26 | 1087274 Slim
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LOL - given his history of swapping bubbles at the wrong time over 40 years, he is a perfect contra-indicator.  While I'm not convinced everything will be just fine, I feel better knowing he's on the doom side.

Tue, 03/22/2011 - 16:02 | 1087135 baby_BLYTHE
baby_BLYTHE's picture

How much longer can this really go on?

When will the debt actually have any meaningful impact on the economy/business cycle?

I am attemping to plan out my life at this jencture. College, boyfriend, family, investments, health,etc.

I understand already, "Economy always goes up and down... nothing anyone can do about it"... 

I thought we are already at the END OF THE LINE and the next crisis will be an absolute death-kneel for the dollar and the entire world economic system at large...

Along with ZH I also follow Gerald Celente, Peter Schiff, Ron Paul, Bob Chapman, Kyle Bass, John Williams, Jimmy Rogers, Eric Sprott, Marc Faber and a few others.

This is a video I found of Marc Faber after the crisis in late 2008. So far, he has been probably the most accurate in my opinion forcasting endless QE, equity rally based on inflationary pressures (negative real rates), massive currency depreciation against Gold/Silver, downturn in Emerging economies, increased fiscal deficts etc.

He says the Final crisis will be when the ENTIRE SYSTEM is WIPED OUT and we reset to "0":

How much danger are we in? More than in 2007-2009 when we lost 8 million jobs?

Is it still possible that we can grow out of this (obviously what is being attempted along with ZIRP and QE)

thx guys <3

(leaving work now. Going home. Music + ZH + Smoke). Will read responses then.

Tue, 03/22/2011 - 16:11 | 1087217 Dr. Richard Head
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The market can stay irrational longer than we can stay solvent. 

Tue, 03/22/2011 - 17:46 | 1087566 Lets_Eat_Ben
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why are we junking baby blythe for asking questions?

Tue, 03/22/2011 - 18:12 | 1087623 baby_BLYTHE
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don't worry about that, leBEN.

A few brusiees seperate from the cleanfaced perps is something I can handle.

Tue, 03/22/2011 - 20:00 | 1087934 Abitdodgie
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I think ZH has people who are not intelligent enough to contribute to the conversation so in quite desperation of there own sad lives feel they are contributing by been junkers

Tue, 03/22/2011 - 23:06 | 1088550 Calmyourself
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My last post was the first not "auto junked" in 20 weeks, WGAS, Who gives a shit..

Tue, 03/22/2011 - 16:25 | 1087270 Henry Chinaski
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Straight talk with John Rubino = doomer porn.

I recently read a great article that pointed out similar trends and provided well-supported convincing arguments fortelling imminent financial system collapse.  I can't post the link because it pre-dates the internet version of the old magazine that I was reading.  Circa 1997...

Never underestimate TPTB's ability to extend and pretend.

Avoid debt.  Be self reliant.  Stay diversified and prepped for emergencies, but don't barricade the bunker yet.  Governments, banks and currencies may collapse, yet life will go on (only shittier). 

Tue, 03/22/2011 - 18:41 | 1087689 checkessential
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 "This is not going to end well" is an over used cliche'.  The fact is that it is not going to end.  It will only change.  We are not going to wake up one day and have every grocery store empty of product or open only for those holding little zip lock bags of gold coins.  These people sip on their 800 calorie frappacinos in Starbucks while blogging on their ipads about the end of the world. 

Sorry, but the same people who know it's going to "end badly" are the same ones shopping around for 4G wireless service because deep down, they know its not going to end.  It is just going to change.    

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