In World Without Growth, Buy "Water, Food and Warmth," Chris Martenson Says

Here's the short version of what's happening and what's finna happen. QE 2 will devalue the dollar as much as necessay to avoid deflation.5%? 50%? Who knows? The 11% devaluation since June gave us a 1% uptick that was gone in a couple weeks. We are back at1% , which is dangerously near deflation. I'm optimistic that we will not have deflation , which could lead to another recession or worse. I predict that we will have a burst of inflation next year and that the dollar will drop at least another 5%. This will be good for exports. Germany exported a third of its GDP for decades and is probably near 50% now. It was at 40% in January and its economy has surged this year. This sun is smiling on us. I predict the 50% that the S&P500 earn abroad will become 66% of total revenues next year. Many large caps, as a result of these two factors, should be worth 50% more by 2012. I just bought Exom. The domestic economy will continue to grow. Don't believe the boo about the banks. The Fed has shown that they will subsidise the banks. Note that all roads seem to lead to inflation. Believe me if the Fed has to devalue the dollar 90% to avoid deflation it will. I don't see more than 5%. The other big positive that absolutely no one else is talking about is the underground economy. It used to be estimated at 30% of the reported economy, but that was before the Net and 17% unemployment. They are being forced into the underworld of illegals, working off the books, flea market/garage sale nation, sex drugs and rock and roll. There has alway been tax evasion. The 17% have to eat. Add another 4 trillion to the reported GDP-5 trillion next year. This helps to explain the stellar corporate earnings we had had for the last 9 quarters, right thru the most severe recession in 80 years. Blue skies are smiling and I'm buying equities.

The Germans ran their war machine with synthetic fuel made from their own coal. We have more coal in Pa than all of Western Europe. We can make it cleaner. We won't run out of energy. We can supply all our electrical needs with atomic energy. I'm more worried about QE2. The Fed may have to devalue the dollar another 11% to prevent deflation. This may result in a burst of inflation not too far down the road.Get out of cash.

Second paragraph: "its", not "it's". Seem to be seeing this mistake more and more.

There is a growth but slow slot but sure.........More Patient.............

lol "gettin' off the grid"

I see a lot of hot chicks walking in the background in Times Square.

From an old savvy investor. What you need to buy into is the "tech" stocks that bring efficiency into the commodity (food, water and warmth) stocks. As prices increase for the basic commodities, profits will rise and these same companies will re-invest in technology to gain further efficiencies in the market place. That is where the bulls will profit!

Without growth we are in very serious trouble. If the presenter is right that means not only will the currently unemployed not find new jobs, but that the technology being introduced and used will destroy even more jobs in the US. As a country we need to decouple and start to produce consumer goods here as we won't have the income to continue buying from China, etc nor will we be able to get goods produced in Asia here cheaply if oil increases the transportation costs quickly. The presenter isn't the first serious person to suggest farming as a new "growth" job area. A lot of us are into local, seasonal and sustainable just because it tastes better, it may really be for survival in the not to distant future. Good farm land already is not cheap. Something to think about.

We do not need gasoline to run our cars.
If we ran out of gas tomorrow we would find an alternative so fast it would make your head spin. Leave the enginieering to engineers and finance to the crooks.

Buy, baby, buy!