Chris was recently interviewed by Max Keiser for his On The Edge program. The videos of this discussion were released over the weekend and are available for viewing below.
The interview starts with a look at the extreme debt levels of OECD nations and the probable (and painful) repercussions they will have for the global economy. Chris spends time explaining the contradiction of how, even though we’re now ‘technically’ experiencing deflation as this debt is being unwound, prices are rising – due to growing loss of faith in the underlying fiat currencies.
The looming Peak Oil crisis is also a major topic. Chris reiterates his concerns that the US and most other governments appear completely unprepared for a liquid fuel emergency. Reactively creating our national response on the fly will likely initially result in rationing, followed by greater market and social chaos.
Max presses for a timeline on the arrival of Peak Oil and Chris maintains his 2014 prediction, offering recent data that bolster the argument that the peak is imminent, if not already upon us. Both agree that a systemic breakdown caused by this crisis will play out, whenever it arrives, much faster than people expect.
by singlespeak