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TFMR Podcast #17 - Chris Martenson

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On Thursday, I had an opportunity to visit with Chris Martenson. Chris is obviously very smart but, best of all, he's just a regular guy. Like most of us, Chris had an "awakening" a few years ago and he has devoted his efforts ever since to preparing his family, as well as the general public, for what we all know lies ahead. I think you'll enjoy this podcast and appreciate getting to know Chris a little bit better.

p.s. I finally found a new recording software that I like and I think that you'll be able to notice the difference in audio quality. There is a bit of a gap, about halfway through, where Chris loses his internet connection. It's only about 5 seconds so I hope that it's not too distracting for everyone.

  34 Comments

boil_in_the_bag_rice · Apr 13, 2012 - 2:57pm

Nice one Turd. Bed time listening tonight. Cheers!

PS: I think you forgot the Amazon link...

boil_in_the_bag_rice · Apr 13, 2012 - 3:02pm

The technically-challenged Turd doesn't know how to do it. The Tech team will be adding it later.

Be Prepared · Apr 13, 2012 - 3:07pm

Thanks.... for going the extra mile with these podcasts! :-)

Moderator Jane · Apr 13, 2012 - 3:07pm

you can find it above

mapleleaf · Apr 13, 2012 - 3:18pm

IMO Chris Martenson is probably the single best person for putting it all together in a very clear, logical way. I highly recommend watching his Crash Course which is about 3.5 hours (I see he has a 45-minute version too). Whenever I need to convince somebody that maybe things aren't normal, this is where I steer them. Very accessible, no hyperbole, excellent big-picture stuff.

Looking forward to listening tonight. Keep up the outstanding work Turd, don't let the bastards get you down.

CaribSurfKing · Apr 13, 2012 - 4:09pm

Made some on PHYS, lost some on PLSV , netted out as making basically no gains in a whole year of semi paper PM investing, lovely!

Thanks Bernanke and the Evil Empire for not allowing me to pay off my mortgage, credit cards, student loan debt, gas bill, electricity bill, food bill, gas for the car, car insurance, home insurance, property taxes, kids supplies, day care... thanks so much so NOT allowing me to spend any money I now don't have for anything that makes life enjoyable, like vacations, restaurants, golf, buying presents for the family etc.... thanks a bunch!

Meanwhile during the last year of making no gains in PM's, bubblalicious Apple doubles. Once again I missed stumbling blind drunk onto the Apple train to richville and am still waiting on the PM platform. Argggggggggggggggggggghhhhhhhhhhhhhhh!!!

After selling, I expect PM's to skyrocket, typical!

Whining rant over, for now!

kingboo · Apr 13, 2012 - 4:19pm

Never a bride....... top 10

71185208 · Apr 13, 2012 - 4:39pm

I might sound a bit pompous with this opinion, but many people have a good take on the financial state of the world, a few people have a good take on the energy and resource issues facing us and how the future will be quite different from the past. Vey, very few people are able to present a synctretic understanding of both themes, and as far as I can see, Chris Martenson and a few others (Erik Townsend, Jim Puplava are some) really do better than the other experts when it comes to trying to view all the facets of the problems facing us. It's pointless discussing the problems with currencies, debt and economies and ignoring the other issues Chris talks about, and he's accessible and inspiring.

Strongsidejedi · Apr 13, 2012 - 5:17pm

1. I know you are reading this.

2. I know you don't care who I am.

3. I also know you are driving down the price of silver and gold in order to "exchange" at more favorable terms.

4. Do not believe that East Asian interests will oppose your attempt to drive down the costs.

After all, the East Asian nations (Japan and China) have 3 trillion USD FRN's in UST bonds.

That's alot of gold and silver isn't it?

Don't think about going lower than 1620 on Sunday night.

If you do attempt 1580, UST bonds will go cheap and the Chinese/Japanese interests will purchase the European gold reserves from Fed Reserve Bank of New York.

Western European interests should think twice before permitting third parties (i.e. not US counterparties) to withdraw European gold reserves.

Punk-Assets · Apr 13, 2012 - 5:30pm

How is it that you made no gains in metals in a year? How is that even possible? Gold is up 14% from this time last year. All you would have had to do is sell just a few of the peaks and buy a few of the dips and you should be up even more that that. I'm almost special needs and I was even able to do that - lmao...with physical metal of course. I don't fugg with the casino. Stops maybe? :scratching head, thinking "no, seriously, how"?:

Strongsidejedi · Apr 13, 2012 - 6:10pm

Someone who responds to the CNBC shills and buys when they say to would have bought near the tops on 2011.

They would have blown their savings on it.

That's why I don't listen to Bob Pisani.

And, I know you're reading this Mr. Pisani because you're becoming increasinly bellicose in your morning cacophony at 0910 hrs EST on CNBC.

Quit shilling for the NYSE.

You've been walking that floor a little too long and you've lost your journalistic impartiality.

¤ · Apr 13, 2012 - 6:17pm

Cool stuff, appreciate the effortyes

murphy · Apr 13, 2012 - 6:55pm

CM was the one of the top causes to make my "light bulb" go off, back in 08 or 09.

Way to go TF. yesyes

DavidSilverSwe · Apr 13, 2012 - 10:44pm

whats up with the limit increase on silver, haven't seen this adressed that much?

is it true that silver rallied on the latest hike?

silverstarfox · Apr 13, 2012 - 11:19pm
Chris Martenson's presentation at the Gold & Silver Meeting in Madrid

The video shows it's an hour and 11 minutes, but the first 38 minutes is Chris speaking. The rest is him answering questions from the audience.

Chris Martenson is the man! 

Excalibur · Apr 14, 2012 - 3:56am

Could have listened to you both for another hour. Can we have more Turd and Chris?

indosil · Apr 14, 2012 - 6:49am

Loose Lips Sink Ships........I fully understand....But can any member of Turd's Army lemme know if they have made any FIAT out of recent trades?Kindly reply to my personal inbox.I will be highly obliged if the Great Turd can himself reply to this query.$500 amounts to Indian Rs 26,000.That's a hell lotta money...so I wanna make it sure that it's worth my money.Kindly don't misconstrue the things;I am a loyal Turdite & I wanna be a part of the army but the Great$$$ cost us Indians a lot.

· Apr 14, 2012 - 8:21am

Just need to join the love fest for Chris - from his 'before' and 'after' bio to the clear way he presents his information - absolutely a great introduction for people.

More of this would be great. I am a total audiophile when it comes to gaining knowledge.

And in case anyone missed it (just kidding), here is a link to an excellent interview by my Austrian economics professor (Russ Roberts is also the man - if you like carefully dissecting economics from a really thoughtful perspective) with Nasim Taleb, where they discuss the idea of 'anti-fragility' - i.e. systems that become stronger through feedback. It is relevant to the market, in that the Fed has essentially attempted to take a system that requires feedback and squished it all out. There is a bad end to systems that have their volatility dampened (as I go on about on my Mandlebrot days):

Nassim Taleb, author of Fooled By Randomness and The Black Swan, talks with EconTalk host Russ Roberts about antifragility, the concept behind Taleb's next book, a work in progress. Taleb talks about how we can cope with our ignorance and uncertainty in a complex world. Topics covered include health, finance, political systems, the Fed, your career, Seneca, shame, heroism, and a few more.

https://files.libertyfund.org/econtalk/y2012/Talebantifragility.mp3

Eric Original · Apr 14, 2012 - 8:54am

I'm also a big Chris Martinson fan.

For those who forgot, Turd and Chris did a gig over on Chris' site in November. I thought it was terrific, and kept it on my bookmarks bar for the longest time (until I had to make room for more bacon videos).

Settling in now with a cuppa tea and giving this new one a listen...

Turd Ferguson: The Inexorable March Higher For Precious Metals
CaribSurfKing Punk-Assets · Apr 14, 2012 - 10:12am

Buy PSLV when Silver at $38, PHYS when Gold at $1500. That is how you net nothing when the tax man forces you to sell every year!

meddle magic · Apr 14, 2012 - 11:15am

Can you shed a little light on the COT report especially silver they both look good to me; but in conjuction w/the reduced OI numbers. Your understanding should provide a bit more depth to just commertial long short take on things. Harvey O commented on the COT but I'm wondering what YOU THINK.

TIA 

Bobbejaan · Apr 14, 2012 - 3:22pm

Thank you kindly for the HUGE quality-improvement to your recordings ... That's MUCH better.

I'd now put the quality at circa 97%/98% compared to your AM/Turd-Army podcast at circa 60%

Edward G · Apr 14, 2012 - 4:41pm

I have not been reading every day, but....

There seems to be a general resignation that agreed position limits by Bart Simpson and the CFTC have basically 2 hopes of being implemented (No hope and Bob Hope)....

There was even the story that JPM had been exempted till May to get their s##t together.

It seems a bit like the recent margin reduction from CME, which can hardly muster a golf-clap from the muppet show audience....

I did however wonder whether the appearance of Blythe Masters (anag. The Beastly Mrs) was in the slightest related.

Enjoyed the podcast, thx v much

Fred Hayek · Apr 14, 2012 - 11:55pm

I especially liked the point he made noting that we *know* that the Fed intervenes in the currency markets. We *know* that the fed intervenes in the bond markets as that's what QE is. We all but officially know that the Fed intervenes in the equities market. Why in the world would we NOT believe that the Fed intervenes in commodities and specifically gold and silver? It would be an anomaly if they didn't intervene, not if they did!

SV · Apr 15, 2012 - 1:32am

Martenson talks a lot of the end of the bull market at his website which I've found pretty good stuff. He knows these markets are changed forever and basically now we've got to wait as our tombstone austerity undermines the world.

silvervigilante.com

Baikalic Eric Original · Apr 15, 2012 - 3:58am

That podcast you posted from Chris Martenson's interview of TF was actually how I decided to jump on the PMs bandwagon. Now that we have another opportunity to see these two collaborate again I am very excited to see what we get this time.

Ircsum · Apr 15, 2012 - 5:08am

Great podcast, Turd - many thanks.

I was tickled by the following, from Detlev Schlichter's book, 'Paper Money Collapse', writing about the fiat introduced during the Civil War:

"As should be expected, greenbacks quickly began to lose purchasing power and declined sharply versus gold. Greenbacks were declared legal tender, and in 1863 and 1864 various measures were taken to disrupt the gold market. The goal of these policies was to suppress the price of gold and to discourage the use of gold as a basis for contractual exchange."

Nice precedent for what's undoubtedly going on today.

Groaner · Apr 15, 2012 - 7:49am

Don't fight the Fed. Everyone knows that Qe has been constantly going on behind the scenes so it would make sense that inflation is occurring but because the hedge funds will not dare go against the official announcements they follow along in doing the Feds bidding. They live by , don't fight the Fed. I liked how Chris said that he would put stops in to protect himself but they would magically would just hit the stop and then bounce right back up stealing his money.. How true! Andrew stated that 90% of people trading silver go broke in 90 days. Ouch! If trading doesn't kill your pocket book it will kill you mentally and physically! I know it's sucked a lot of life from me over the years. I dont think it is worth the stress investment More groanings

zilverreiger · Apr 15, 2012 - 8:47am

For every soldier U.S. loses in combat, 25 commit suicide.

ClinkinKY zilverreiger · Apr 15, 2012 - 1:31pm

For every soldier U.S. loses in combat, 25 commit suicide.

Submitted by zilverreiger on April 15, 2012 - 8:47am.

For every soldier U.S. loses in combat, 25 commit suicide.

-------------------------------------------------------------------------------------

I can't seem to shake the feeling that you derive a perverse pleasure in posting these little "tidbits".

Several Scandinavian countries have higher suicide rates than the U.S., so what's your point?

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Key Economic Events Week of 11/12

11/14 8:30 ET Consumer Price Index
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Key Economic Events week of 11/5

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