Peak Oil News and Message Boards

The whole set is still on YouTube for free so I am rewatching them. Still pretty credible even four years later.

Except for the part that his predictions of a crash didn't happen.

Give it time Cog, give it time.
People just have no patience these days.

Subjectivist wrote:The whole set is still on YouTube for free so I am rewatching them. Still pretty credible even four years later.

Certain species, under certain conditions, might think so.

I read through Martenson series back in 2009. He predicted the crash was imminent. We had a recession but no crash. Now nine years later I'm supposed to believe that "this time is different" Naw I don't think so.

Martenson's ideas about a "crash" were almost spot on. We only avoided a serious global depression because no one foresaw the lengths global financial powers and governments would go to in order to prop up the system. His ideas have merit and are well thought out. No one is going to get the timeline perfect. As was mentioned above...give it time...the math will always win. The U.S. cannot continue its path of financial idiocy forever without consequences. History alone teaches us that.

AirlinePilot wrote:Martenson's ideas about a "crash" were almost spot on.

Except for the crash part. And the peak oil part.

But man I'll bet you he now makes a pretty penny selling website subscriptions telling you how to prosper in the NEXT coming crash (or the 3 that have occurred since the last recession that we all didn't notice). So good for him, even if he doesn't know squat about oil, he was able to turn it to his financial advantage by taking advantage of the legions of gullible doomers!

airlinepilot wrote:We only avoided a serious global depression because no one foresaw the lengths global financial powers and governments would go to in order to prop up the system. His ideas have merit and are well thought out. No one is going to get the timeline perfect. As was mentioned above...give it time...the math will always win. The U.S. cannot continue its path of financial idiocy forever without consequences. History alone teaches us that.

Has been for centuries. Only folks like Chris think they have cornered the market on prognostication, or maybe he doesn't think that, and just has a business model to sell the idea to the fools who aren't familiar with the "Harold Camping routine" as some might label it. Ruppert and Savinar tried it, Chris appears to be succeeding, Heinberg is trying it out as well, as is Kunstler, I'm not so sure they have the model locked down yet to make them as much as they'd like. PCI is begging for cash in their newsletter, and Jim seems a bit disenchanted with trying to get rich off cute writing always predicting an end that doesn't come. I suppose when your business model requires only those who combine both gullibility, ignorance and the attention span of a goldfish all in the same person, once you collect the peak oilers still sitting in the pews of the old church, the market just doesn't have many others who hit on all those cylinders.

pstarr wrote:who is the better capitalist? Martenson.

Fear sells. Martenson works on the same level as Peter Schiff. Claim that you know where to stash your money because financial doom awaits.

Given that conflict of interest, however, should we accept Martenson's opinions at face value on the future? No. He has a vested interest in doomsaying.

asg70 wrote:

pstarr wrote:who is the better capitalist? Martenson.

Fear sells. Martenson works on the same level as Peter Schiff. Claim that you know where to stash your money because financial doom awaits.

I went back and ran through his Classic version Chapter 17a, and found him talking about the Jeffrey Brown and the ELM, and how Mexico would no longer be able to export oil by 2011. In 2012 they were exporting like 2.5 million barrels a day, according to the EIA.

Yeah, Martenson does the crash course using real information and knows what he is talking about. Makes someone wonder though, how clueless is the market segment he is aiming for to be duped by this stuff?

pstarr wrote:You and AdamB are catching up to my post count

Our post count would go down quite a bit if we didn't have to play whack-a-mole with the likes of you.

Very good.

asg70 wrote:Fear sells. Martenson works on the same level as Peter Schiff. Claim that you know where to stash your money because financial doom awaits.

Given that conflict of interest, however, should we accept Martenson's opinions at face value on the future? No. He has a vested interest in doomsaying.

I'm slightly confused. Why is it that every single doomer/prepper/home schooling site out there is trying to sell you gold, and every goldbug is selling you doom? Is it a law you have over there?

Zarquon wrote:
I'm slightly confused. Why is it that every single doomer/prepper/home schooling site out there is trying to sell you gold, and every goldbug is selling you doom? Is it a law you have over there?

Part of capitalist systems.

Ive read it took 50 trillion dollars by Federal banks to stop the 2008 crash (bailouts, buyouts, TARP ETC). And now currently, debt has nearly doubled from the federal level to the corporate level. This next crises will be 2008 on steroids and the FED is out of ammo. Print-print-print is their only option. Goold and silver to the moon. Silver at $14.00 is the buy IMO.

Armageddon wrote:Ive read it took 50 trillion dollars by Federal banks to stop the 2008 crash (bailouts, buyouts, TARP ETC). And now currently, debt has nearly doubled from the federal level to the corporate level. This next crises will be 2008 on steroids and the FED is out of ammo. Print-print-print is their only option. Goold and silver to the moon. Silver at $14.00 is the buy IMO.

50 trillion dollars: I think you're off by a few zeroes since the entire dollar supply today is only 14 trillion:

https://tradingeconomics.com/united-sta ... -supply-m2
"Money Supply M2 in the United States increased to 14147.30 USD Billion in July from 14112.30 USD Billion in June of 2018. Money Supply M2 in the United States averaged 3947.91 USD Billion from 1959 until 2018, reaching an all time high of 14147.30 USD Billion in July of 2018 and a record low of 286.60 USD Billion in January of 1959."

Or see the Fed charts:
https://fred.stlouisfed.org/series/M2

And the debt doubling: the dollar supply has almost doubled since the crash. Therefore, debt must have doubled, too.

Here’s 21 trillion not even counted for

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