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Chris Martenson's Crash Course

Discussions about the economic and financial ramifications of PEAK OIL

Re: Chris Martenson's Crash Course

Unread postby Armageddon » Sat 08 Sep 2018, 14:52:19

The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said.

Financial Crisis Cost Tops $22 Trillion, GAO Says | HuffPost

22 trillion + missing 21 trillion is pretty close to my above post of 50 trillion. I’m sure the FED was giving hundreds of billions if not trillions in secret money to the entire banking system too. This fiat system has no accountability.
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Re: Chris Martenson's Crash Course

Unread postby Zarquon » Sat 08 Sep 2018, 15:40:52

Armageddon wrote:Here’s 21 trillion not even counted for

https://www.forbes.com/sites/kotlikoff/ ... 55a9f84a73


"In our prior column, Mark and I wrote about $21 trillion in unaccounted government transactions, primarily on defense. The DOD's (Department of Defense) as well as HUD's (Department of Housing and Urban Development) Offices of Inspector General (OIG) reference these transactions as "unsupported journal voucher adjustments." This is polite accounting language for lost, hidden or stolen money. If such "adjustments" were small, it would be one thing. But they totaled some $21 trillion between 1998 and 2015!
...
While Norquist’s description of the unsupported adjustments is not the only one that has been offered, some evaluation to assess the veracity of this explanation is possible. Consider the case of the Army for which we found $11.5 trillion in unsupported adjustments over the 1998-2015 period. During this time period, authorized general fund Army spending was about $2 trillion."

In other words, the Army alone stole six times as much money from its budget than it received in the first place. $6.5 trillion of that in one year alone, more than the entire federal budget. Actually, they lost or stole almost half of *all the dollars in the universe* in 2015. Holy shit! This is some serious fraud.

Sorry, but at some point I'd have to ask you if you've replaced the batteries in your bullshit detector lately. Is the green status LED still on?

Damn, I'm beginning to sound like AdamB...

Anyway, try this:
https://www.metabunk.org/debunked-missi ... ers.t9718/
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Re: Chris Martenson's Crash Course

Unread postby Newfie » Sat 08 Sep 2018, 15:43:59

I posted this on the “Eat the Rich” thread but it seems very relevant here.

AND then here is this. It seems these guys want the banking bureaucrats to have more power to avert the next crash. According to these guys the USA made a nice return on investment during the last crash.

https://www.nytimes.com/2018/09/07/opin ... %2Fopinion
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Re: Chris Martenson's Crash Course

Unread postby onlooker » Sat 08 Sep 2018, 15:49:55

This fiat system has no accountability

Including the immense derivative market estimated in the trillions. The numbers are staggering and combine that with insatiable greed and so much money out of thin air and it's easy to see the financial system bringing down the whole Economy. Which may be why the rest of the planet seems to be trying to disconnect from the Western especially US economic model and ties. They don't what to be bought down by US economic implosion. Of course, the question begs can the world Economy handle the Collapse of the US economy.
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Re: Chris Martenson's Crash Course

Unread postby ralfy » Sat 08 Sep 2018, 19:04:27

Armageddon wrote:The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said.

Financial Crisis Cost Tops $22 Trillion, GAO Says | HuffPost

22 trillion + missing 21 trillion is pretty close to my above post of 50 trillion. I’m sure the FED was giving hundreds of billions if not trillions in secret money to the entire banking system too. This fiat system has no accountability.


Thanks for sharing that. The GAO study is linked in the article:

Financial Crisis Cost Tops $22 Trillion, GAO Says
http://sites.google.com/site/peakoilreports/
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Re: Chris Martenson's Crash Course

Unread postby Zarquon » Sun 09 Sep 2018, 00:49:53

Armageddon wrote:Ive read it took 50 trillion dollars by Federal banks to stop the 2008 crash (bailouts, buyouts, TARP ETC).
...
22 trillion + missing 21 trillion is pretty close to my above post of 50 trillion.


You add up accounting screw-ups by federal agencies, GDP lost to the recession and lost real estate wealth, and then call it all money secretly printed by the Feds. Because you read something like it on the interwebs.

I rest my case.
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Re: Chris Martenson's Crash Course

Unread postby Newfie » Sun 09 Sep 2018, 06:35:33

But isn’t that just the premis or the “Eat the Rich” thread/meme? That there are folks with extreme wealth? I keep trying to point out it is all just Monopoly money.

The prime example is the loss claims made in the Maddoff case; investors claimed to have lost billions when they invested only millions. The rest was just Bernie’s imagination. What they lost was a lie, what they gained was a dose of reality.

That is unless you secured a loan against these fake sums, then you turned a concept into a debt.
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Re: Chris Martenson's Crash Course

Unread postby onlooker » Sun 09 Sep 2018, 09:01:56

Well, in fact this Monopoly money - fictitous digits on screen has real life consequences. If one looks at what is happening around the world, one can see the priviledges and advantages that money provides. One can also see an immense amount of corruption that is connected to vast wealth. Money Laundering and tax havens are but some examples. And the stock markets it seems rigged for the sake of this system. Banks being bailed out rather than people. Of course even darker activities like human and drug trafficking raking in so much money. All this creating conditions of huge inequality and social strife. You see gentrification going on in big cities, bulldozing away poor neighborhoods for real estate speculation, huge events like the Olympics in Brazil are feasts of corruption at the expense of the poor as they are displaced and marginalized even more. All this example of the real life effects of money or lack of.
You even see in the US, as whole cities seemed to have been left to squalor like in the Rust belt and heartland USA and Puerto Rico after the hurricane. So, these exorbitant sums of money affording corporations, wealthy families and governments the leverage to crowd out and out compete poorer areas and entities. So, huge masses of people and the Earth being exploited and marginzalized by the power of money. So, as long as we have a monetized world Economy, this Monopoly digitized money is all too real because the real life effects are all too real.
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Re: Chris Martenson's Crash Course

Unread postby Newfie » Sun 09 Sep 2018, 11:36:19

Yes, that’s true. It als happened without money. It’s human nature to break into tribes and attack one another. The Monopoly money is a symptom, not the disease.
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Re: Chris Martenson's Crash Course

Unread postby onlooker » Sun 09 Sep 2018, 12:00:52

Newfie wrote:Yes, that’s true. It als happened without money. It’s human nature to break into tribes and attack one another. The Monopoly money is a symptom, not the disease.

Good point Newf. It is just that money has allowed for a more civilized way of out competing and butchering each other. :razz:
We always come back to the problems reside in us.
Hey Newf, hope you are out of the way of Florence as this newest hurricane seems to be packing quite a punch. :)
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Re: Chris Martenson's Crash Course

Unread postby Newfie » Sun 09 Sep 2018, 12:07:29

Yes, we are still in Newfoundland. Issac is a mild threat to our big boat in Grenada.
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Re: Chris Martenson's Crash Course

Unread postby ralfy » Sun 09 Sep 2018, 20:41:13

http://sites.google.com/site/peakoilreports/
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Human nature

Unread postby Whitefang » Sun 02 Jun 2019, 09:39:53

onlooker wrote:
Newfie wrote:Yes, that’s true. It als happened without money. It’s human nature to break into tribes and attack one another. The Monopoly money is a symptom, not the disease.

Good point Newf. It is just that money has allowed for a more civilized way of out competing and butchering each other. :razz:
We always come back to the problems reside in us.
Hey Newf, hope you are out of the way of Florence as this newest hurricane seems to be packing quite a punch. :)


Being an optimist I would argue that our true nature is not that stupid, we are better than we think, this internal dialogue we keep hanging onto makes us do the idiocy that is war and makes us weak and sick, then we die, bored and in a personal little hell we call the universe, only the manageable heap of nonsense, the description, the way we percieve what is happening, everything being equally unimportant since the only thing that you can bring with you is personal power, the thing that you are, a blob of amorf luminicent power that you control by will, not thinking.
Self pity, importance and fear drains your power, life without babble in the head makes you save and store energy, power which is freedom.

Giants:

https://www.amazon.com/Giants-Global-Po ... 1609808711

Just read the Ebook, only 8 euro, 8.99 dollar on site small publisher.

https://sevenstories.com/books/4097-giants

A look at the top 300 most powerful players in world capitalism, who are at the controls of our economic future.
Who holds the purse strings to the majority of the world's wealth? There is a new global elite at the controls of our economic future, and here former Project Censored director and media monitoring sociologist Peter Phillips unveils for the general reader just who these players are. The book includes such power players as Mark Zuckerberg, Bill Gates, Jeff Bezos, Jamie Dimon, and Warren Buffett.
As the number of men with as much wealth as half the world fell from sixty-two to just eight between January 2016 and January 2017, according to Oxfam International, fewer than 200 super-connected asset managers at only 17 asset management firms—each with well over a trillion dollars in assets under management—now represent the financial core of the world's transnational capitalist class. Members of the global power elite are the management—the facilitators—of world capitalism, the firewall protecting the capital investment, growth, and debt collection that keeps the status quo from changing. Each chapter in Giants identifies by name the members of this international club of multi-millionaires, their 17 global financial companies—and including NGOs such as the Group of Thirty and the Trilateral Commission—and their transnational military protectors, so the reader, for the first time anywhere, can identify who constitutes this network of influence, where the wealth is concentrated, how it suppresses social movements, and how it can be redistributed for maximum systemic change.


That follows Dutch bankster Bernard who escaped the
Lucifarian idiocy that comes with global power elites.

https://www.bing.com/videos/search?q=du ... FORM=VIRE#

Check out pizzagate, dirty Joe B. Jimmy S. Clintons protecting their interests……..
Documentory on discovery, never aired on the telly, I wonder why.

What was it? Conspiracy of silence?

https://www.washingtonpost.com/local/pi ... 22f19090cf

https://www.bing.com/videos/search?q=pi ... &FORM=VIRE

Check out Cheryl Mills, follow the money, that trail will expose everything, they let others do the work, child trafficking is big business, billions a year with the porn and snuff satanic rituals.

The leaker got two bullits from behind while talking to his woman on the phone, no signs of robbery. John P. wanted to make an example of him, weakyleaks2. Breitbard said he would get an accident or heart attack, told us to listen while you can.

Follow the money, then publish, expose and take everything from them, with 100% proof I am for capital punishment.
Ask the parents and surviving children what to do with them.
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Conspiracy of Silence

Unread postby Whitefang » Sun 02 Jun 2019, 10:22:43

1994. Banned docu.

https://www.bing.com/videos/search?q=co ... &FORM=VIRE

Worldwide idiocy, we got Joris Demmink, our own Jimmy Savile/Savage:

https://www.brighteon.com/channel/michakat

https://www.brighteon.com/6033635331001

https://www.zerohedge.com/news/2017-01- ... recover-it

I. Hillary Clinton Intervened Politically on Behalf of Laura Silsby
Laura Silsby is the former director of The New Life Children’s Refuge. Emails from her organization can be found in Wikileaks’ Hillary Clinton Email Archive discussing the NGO before her arrest. Silsby’s organization also appears in Clinton’s emails, soliciting donations for their “ministry.” The Refuge was founded by Silsby and Charisa Coulter, both attendees of the Central Valley Baptist Church in Meridian, Idaho. Silsby was reported to have a history of bad debts and unpaid wages.
Laura had claimed she planned to build an orphanage in the Dominican Republic, but a State Department diplomatic cable revealed that authorities in the country said she never submitted an application for this purpose. They instead located to Haiti.
On January 29, 2010, Silsby was arrested with nine other American nationals attempting to steal 33 children from the country, most of whom were not even orphans and had families according to some reports. CNN reported on February 9, 2010 that this was not the first time Silsby had attempted to traffic children out of Haiti. Haitian police acting on a tip had intercepted Silsby in an earlier, separate attempt to remove 40 children out of the country. She was turned back at the Haitian border. For a brief period, Haitian authorities were considering adding a new kidnapping charge based on this evidence.
Hillary and Bill Clinton took an extraordinary interest in Silsby’s case from the moment she was arrested and almost immediately stepped in on her behalf. The Harvard Human Rights Journal stated that one of Bill Clinton's first acts as special envoy for the United Nations in Haiti "was to put out the fire of a child abduction scandal involving American citizens." On February 7th, 2010, The Sunday Times reported that Bill Clinton had intervened to strike a deal with the Haitian government, securing the release of all co-conspirators except for Silsby. Prosecutors ultimately sought a six-month sentence in Silsby's case, reducing charges for conspiracy and child abduction to mere "arranging irregular travel." A shockingly light penalty given the circumstances of her arrest, which would likely not have been possible but for the intervention of the Clintons in Silsby's case.

Only takes a few judges/financial people/secret police to hang em high.
You need all the evidence, prepare for trial and round them up before they call their special forces to prevent a public hearing. The money is where you can hurt them, like Trump blocking finance to secret agencies that do what they do, protect the 50 T dollar what is likely 200 T controlled by global elite.
Only 200 people controlling these assets, interests, if 20 of them decide to stop working for the mob, we are there, they have no real power.
Ok, very few have true power, magicians that chose the dark side, they are formidable opponents, smart, ruthless and prepared.

https://www.youtube.com/watch?v=GlUPotXerDE

Upscale pizza joint according to John P.

https://www.politico.com/story/2016/09/ ... ity-228580

Above the law…...too big to fall.

https://www.prisonplanet.com/video-pedo ... world.html

Forget PizzaGate, international sex trafficking rings are controlled by the elite.
In every major pedophile bust involving the ritual abuse of children, the establishment is connected.
Is it any wonder the elite has declared war on Trump given that he is cracking down on the pedo cult they operate globally?


This is the reason why I am a Trump fan.
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Re: Chris Martenson's Crash Course

Unread postby Revi » Wed 18 Sep 2019, 11:16:38

Anybody know what Chris Martenson is up to? I've heard that he is moving to New Hampshire and is getting a divorce.
Deep in the mud and slime of things, even there, something sings.
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Re: Chris Martenson's Crash Course

Unread postby asg70 » Wed 18 Sep 2019, 17:50:37

Hah. Maybe she got resentful that doom didn't happen the way he promised.

http://paratusnews.com/martenson-gainin ... -problems/

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Chris Martenson's Crash Course

Unread postby GHung » Wed 18 Sep 2019, 17:56:10

asg70 wrote:Hah. Maybe she got resentful that doom didn't happen the way he promised.

http://paratusnews.com/martenson-gainin ... -problems/


When it does happen, she'll come crawling back.

Or maybe he found a little doomer floozie :-D
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Re: Chris Martenson's Crash Course

Unread postby Outcast_Searcher » Wed 18 Sep 2019, 18:06:19

Zarquon wrote:
Armageddon wrote:Here’s 21 trillion not even counted for

https://www.forbes.com/sites/kotlikoff/ ... 55a9f84a73


Sorry, but at some point I'd have to ask you if you've replaced the batteries in your bullshit detector lately. Is the green status LED still on?

Damn, I'm beginning to sound like AdamB...

Anyway, try this:
https://www.metabunk.org/debunked-missi ... ers.t9718/

Thanks for the rebuttle to this nonsense.

But given the type of nonsense folks like armageddon frequently post and the lack of credible sources, critical thinking, etc. displayed, this isn't at all surprising.

When GDP growth is casually called depression or recession, or when virtually any dip in any economic reading is called a "crash", etc. the source of the "wisdom" is virtually without any credibility whatsoever.

It's like the people who cite the total notional value of ALL derivitatives, and claim the number is a problem of that magnitude. Which is absolute nonsense when one considers, for example, stock options, where the notional value of puts on security X largely cancel the notional value of calls on that stock, yet if you consider the total value of all the options as one misguided and/or deliberate "massive risk" it sounds really scary. (A stock can only have one value at one time, no matter how much fast crash doomers may want to rant and rave).

But when the goal is to spread FUD, make false claims, troll, entertain, sell nonsense as though it were "investing information", etc. -- the end result isn't exactly surprising.

Sadly, the reason so much of this (along with things like flat earth conspiracy theory, etc) is swallowed whole by so many is the state of modern public education.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Chris Martenson's Crash Course

Unread postby GHung » Wed 18 Sep 2019, 19:05:47

Yep. They're almost as bad as folks who accuse anyone who disagrees with their conclusions of being a doomer, conspiracy theorist, or a flat-earther.
Blessed are the Meek, for they shall inherit nothing but their Souls. - Anonymous Ghung Person
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Re: Chris Martenson's Crash Course

Unread postby asg70 » Thu 19 Sep 2019, 09:58:57

GHung wrote:Yep. They're almost as bad as folks who accuse anyone who disagrees with their conclusions of being a doomer, conspiracy theorist, or a flat-earther.


There is a clear difference in rhetorical style between someone with an interest in finding the truth of the matter and someone who is starting with a favored conclusion and working back to justify it. When those epithets are thrown around, they're chosen for a damn good reason. The fact we're still kicking around today, more or less in BAU, is a testament to a thousand bad calls from those who deserve all the derision they get. Just read through the archives to see this piss-poor track-record on full display. Chris Martenson is one such case, the way he eventually rebranded his doomer business from Crash Course to Peak Prosperity after the sky didn't actually fall in 2008.

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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