Adam Taggart
"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.
This week's Straight Talk contributor is Tyler Durden, founder and chief demagogue of the popular econoblog Zero Hedge. Zero Hedge's mission is to bring back a more critical, rigorous, and informed style of commentary and synthesis for the professional investing public. The blog has experienced explosive growth in it's two-year existence, due in part to its prolific coverage of financial events as well as its unapologetic (some say controversial) editorial approach, which is often highly critical of today's economic and political leaders.
1. What led you to start Zero Hedge? Was there a particular story or moment? For many of our readers, you have become the CNN of the Great Collapse (this is seen as a positive thing). Is this what you set out to be?
Zero Hedge was started two years ago in the aftermath of the Great Financial Crash, as coined by Bill Buckler, when we realized there is a substantial vacuum in information distribution, and to a lesser extent, processing. The financial media world was (and to a great extent still is) dominated by journalists who were learning finance on the job and thus were incapable of putting the dots together on most stories under investigation.
Straight Talk with Tyler Durden: The U.S. Is Free-Falling Into Bankruptcy
"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.
This week's Straight Talk contributor is Tyler Durden, founder and chief demagogue of the popular econoblog Zero Hedge. Zero Hedge's mission is to bring back a more critical, rigorous, and informed style of commentary and synthesis for the professional investing public. The blog has experienced explosive growth in it's two-year existence, due in part to its prolific coverage of financial events as well as its unapologetic (some say controversial) editorial approach, which is often highly critical of today's economic and political leaders.
1. What led you to start Zero Hedge? Was there a particular story or moment? For many of our readers, you have become the CNN of the Great Collapse (this is seen as a positive thing). Is this what you set out to be?
Zero Hedge was started two years ago in the aftermath of the Great Financial Crash, as coined by Bill Buckler, when we realized there is a substantial vacuum in information distribution, and to a lesser extent, processing. The financial media world was (and to a great extent still is) dominated by journalists who were learning finance on the job and thus were incapable of putting the dots together on most stories under investigation.
After hearing reports of depleting inventories of pre-packaged, ready-to-purchase stored food, CM.com did a little investigating. It turns out there's truth behind the rumor.
Yesterday, Zero Hedge observed:
It appears that Mountain House, which is one of the better purveyors of freeze dried food and holds over 30 servings and last for 20 years because they are packed with nitrogen rather than oxygen, is now sold out of all #10 cans. And for those who go to NitroPak, which sells these products, they have the following message:
***CURRENT INVENTORY UPDATE***
There is currently EXTREMELY high demand for all of our Mountain House foods nationwide due to current economic uncertainty and inflation fears. With this increase in demand, our food order processing times have increased also. As Mountain House’s leading distributor, we are receiving huge shipments weekly to fill our customer orders. We are shipping as quickly as we can. Your charge card will not be charged-up until we are ready to process your order. Thank you for your understanding and patience! Harry R Weyandt President
Nitro-Pak is one of the distributors we often recommend to our readers, so we started there. Sure enough, the above inventory update is prominently posted.
I then placed a call to The Ready Store, whose products we link to from the Storing Food section of our 'What Should I Do?' guide. They also include a lot of Mountain House products in their food packages. They, too, are seeing high demand, which is affecting their promised shipping times.
CM.com Alert:
After hearing reports of depleting inventories of pre-packaged, ready-to-purchase stored food, CM.com did a little investigating. It turns out there's truth behind the rumor.
Yesterday, Zero Hedge observed:
It appears that Mountain House, which is one of the better purveyors of freeze dried food and holds over 30 servings and last for 20 years because they are packed with nitrogen rather than oxygen, is now sold out of all #10 cans. And for those who go to NitroPak, which sells these products, they have the following message:
***CURRENT INVENTORY UPDATE***
There is currently EXTREMELY high demand for all of our Mountain House foods nationwide due to current economic uncertainty and inflation fears. With this increase in demand, our food order processing times have increased also. As Mountain House’s leading distributor, we are receiving huge shipments weekly to fill our customer orders. We are shipping as quickly as we can. Your charge card will not be charged-up until we are ready to process your order. Thank you for your understanding and patience! Harry R Weyandt President
Nitro-Pak is one of the distributors we often recommend to our readers, so we started there. Sure enough, the above inventory update is prominently posted.
I then placed a call to The Ready Store, whose products we link to from the Storing Food section of our 'What Should I Do?' guide. They also include a lot of Mountain House products in their food packages. They, too, are seeing high demand, which is affecting their promised shipping times.
After hearing reports of depleting inventories of pre-packaged, ready-to-purchase stored food, CM.com did a little investigating. It turns out there’s truth behind the rumor.
Earlier today, Zero Hedge observed:
It appears that Mountain House, which is one of the better purveyors of freeze dried food and holds over 30 servings and last for 20 years because they are packed with nitrogen rather than oxygen, is now sold out of all #10 cans -link.And for those who go to NitroPak, which sells these products, they have the following message:
***CURRENT INVENTORY UPDATE*** There is currently EXTREMELY high demand for all of our Mountain House foods nationwide due to current economic uncertainty and inflation fears. With this increase in demand, our food order processing times have increased also. As Mountain House’s leading distributor, we are receiving huge shipments weekly to fill our customer orders. We are shipping as quickly as we can. Your charge card will not be charged-up until we are ready to process your order. Thank you for your understanding and patience! Harry R Weyandt President
Nitro-Pak is one of the distributors we often recommend to our readers, so we started there. Sure enough, the above inventory update is prominently posted.
I then placed a call to The Ready Store, whose products we link to from the Storing Food section of our ‘What Should I Do?’ guide. They also include a lot of Mountain House products in their food packages. They, too, are seeing high demand which is affecting their promised shipping times.
CM.com Alert: Food Storage Shortage Risk Emerging
After hearing reports of depleting inventories of pre-packaged, ready-to-purchase stored food, CM.com did a little investigating. It turns out there’s truth behind the rumor.
Earlier today, Zero Hedge observed:
It appears that Mountain House, which is one of the better purveyors of freeze dried food and holds over 30 servings and last for 20 years because they are packed with nitrogen rather than oxygen, is now sold out of all #10 cans -link.And for those who go to NitroPak, which sells these products, they have the following message:
***CURRENT INVENTORY UPDATE*** There is currently EXTREMELY high demand for all of our Mountain House foods nationwide due to current economic uncertainty and inflation fears. With this increase in demand, our food order processing times have increased also. As Mountain House’s leading distributor, we are receiving huge shipments weekly to fill our customer orders. We are shipping as quickly as we can. Your charge card will not be charged-up until we are ready to process your order. Thank you for your understanding and patience! Harry R Weyandt President
Nitro-Pak is one of the distributors we often recommend to our readers, so we started there. Sure enough, the above inventory update is prominently posted.
I then placed a call to The Ready Store, whose products we link to from the Storing Food section of our ‘What Should I Do?’ guide. They also include a lot of Mountain House products in their food packages. They, too, are seeing high demand which is affecting their promised shipping times.
"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.
This week's Straight Talk contributor is Charles Hugh Smith, who has been an independent journalist for 22 years. His weblog, www.oftwominds.com, is a daily compendium of observations and analysis on the global economy and financial markets, as well as notable political, social, and cultural trends. Charles has authored a number of books across several genres, including the recent Survival+: Structuring Prosperity for Yourself and the Nation.
1. Of the many forces at play that you write about within the economy, society, and politics, which ones do you see as the most defining for the future? How do you expect things to unfold?
CHS: Clearly, demographics and Peak Oil are forces which cannot be massaged away by policy tweaks or financial engineering. I think the exhaustion of Global Neoliberal Capitalism and State Capitalism is apparent, as is the bankruptcy of the two ideologies that more or less define our politics. The reliance on expansion of credit and State power is a dynamic with only unhappy endings.
Straight Talk with Charles Hugh Smith: Why The Status Quo Is Unsustainable
"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.
This week's Straight Talk contributor is Charles Hugh Smith, who has been an independent journalist for 22 years. His weblog, www.oftwominds.com, is a daily compendium of observations and analysis on the global economy and financial markets, as well as notable political, social, and cultural trends. Charles has authored a number of books across several genres, including the recent Survival+: Structuring Prosperity for Yourself and the Nation.
1. Of the many forces at play that you write about within the economy, society, and politics, which ones do you see as the most defining for the future? How do you expect things to unfold?
CHS: Clearly, demographics and Peak Oil are forces which cannot be massaged away by policy tweaks or financial engineering. I think the exhaustion of Global Neoliberal Capitalism and State Capitalism is apparent, as is the bankruptcy of the two ideologies that more or less define our politics. The reliance on expansion of credit and State power is a dynamic with only unhappy endings.
"Straight Talk" features thinking from notable minds who you, the PeakProsperity.com audience, have indicated that you want to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.
This week's Straight Talk contributor is G. Edward Griffin — political lecturer, film producer, and author. In his best-known book, The Creature from Jekyll Island, Griffin details how money is created and exposes the anything-but-boring history of how the Federal Reserve came into being. The book provides one of the best explanations of how our monetary system works, as well as a prescient foreshadowing of the Fed's bailout of the financial system at taxpayer expense.
1. Practically everything that you outlined in your book The Creature From Jekyll Island has come to pass. Bailouts, increased centralization of power, all of it. Now what happens? We are having a hard time envisioning the current debt-based fiat money system surviving for much longer (let alone forever). If not fiat money, then what? What are the next moves for those who might wish to see the continuation of their extremely lucrative franchise?
GEG: What happens next also is portrayed in my book, and it isn't pretty.
Straight Talk with G. Edward Griffin: What’s Coming Next Isn’t Pretty
"Straight Talk" features thinking from notable minds who you, the PeakProsperity.com audience, have indicated that you want to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.
This week's Straight Talk contributor is G. Edward Griffin — political lecturer, film producer, and author. In his best-known book, The Creature from Jekyll Island, Griffin details how money is created and exposes the anything-but-boring history of how the Federal Reserve came into being. The book provides one of the best explanations of how our monetary system works, as well as a prescient foreshadowing of the Fed's bailout of the financial system at taxpayer expense.
1. Practically everything that you outlined in your book The Creature From Jekyll Island has come to pass. Bailouts, increased centralization of power, all of it. Now what happens? We are having a hard time envisioning the current debt-based fiat money system surviving for much longer (let alone forever). If not fiat money, then what? What are the next moves for those who might wish to see the continuation of their extremely lucrative franchise?
GEG: What happens next also is portrayed in my book, and it isn't pretty.
While we deal with some pretty heavy material on this site, it's important to remember we all have a tremendous amount to be thankful for.
Thanks to Chris, we're aware of the interplay among the Three Es and how things are likely to unfold. Take a moment to appreciate that gift – the vast majority of those yet to swallow the 'red pill' are still sleepwalking into the future unprepared.
Thanks to our still-functioning societies & economies, we have time. Time to debate & process the implications of peak oil and to take informed steps to increase our resiliency to them – in our investment portfolios, in our homes, and in our communities.
And thanks to each of us, we have this site – a collective of smart and encouraging individuals doing their best to "figure it all out" and help each other do the same. Your forum contributions, comments, and feedback are making this site the pre-eminent resource on the Web for those seeking to prepare for an uncertain future.
So this year, I'd like to invite us to share our Thanksgiving experiences with each other.
Sharing Our Thanks
While we deal with some pretty heavy material on this site, it's important to remember we all have a tremendous amount to be thankful for.
Thanks to Chris, we're aware of the interplay among the Three Es and how things are likely to unfold. Take a moment to appreciate that gift – the vast majority of those yet to swallow the 'red pill' are still sleepwalking into the future unprepared.
Thanks to our still-functioning societies & economies, we have time. Time to debate & process the implications of peak oil and to take informed steps to increase our resiliency to them – in our investment portfolios, in our homes, and in our communities.
And thanks to each of us, we have this site – a collective of smart and encouraging individuals doing their best to "figure it all out" and help each other do the same. Your forum contributions, comments, and feedback are making this site the pre-eminent resource on the Web for those seeking to prepare for an uncertain future.
So this year, I'd like to invite us to share our Thanksgiving experiences with each other.
The second part of Chris’ interview with Ted Butler, noted commentator on the silver market, is reserved below for you, our enrolled members.
If you’ve not yet listened to Part 1, click here to do so.
Part 2 of the interview takes a deep dive into the mechanics of how the alleged manipulation of the silver price has been conducted, as well as Ted’s outlook on the future price for the metal.
Simply put, this interview (Parts 1 & 2) is a ‘must listen’ for anyone currently invested in silver or thinking about doing so.
Chris Interviews Ted Butler: The End of Silver Price Manipulation – Part 2
PREVIEWThe second part of Chris’ interview with Ted Butler, noted commentator on the silver market, is reserved below for you, our enrolled members.
If you’ve not yet listened to Part 1, click here to do so.
Part 2 of the interview takes a deep dive into the mechanics of how the alleged manipulation of the silver price has been conducted, as well as Ted’s outlook on the future price for the metal.
Simply put, this interview (Parts 1 & 2) is a ‘must listen’ for anyone currently invested in silver or thinking about doing so.
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by blaggers