Chris Martenson on Budget, Corruption, Economy, Investing, Energy, Japan Nuclear Crisis (1 of 2)

--Chris Martenson, economic researcher and futurist joins us live in studio for the first part of a discussion about the budget, economic situation, Wall Street, corruption, energy, the Japanese nuclear crisis, and more.

--On the Bonus Show Is Libya hiring mercenaries, kid served alcohol at restaurant, does alcohol help memory, and more.

The David Pakman Show is an internationally syndicated talk radio and television program hosted by David Pakman

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Broadcast on April 14, 2011

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[gridviperwaves]

It's a shame that the next election looks to be hopeless in respect to getting real change.

Sux....

[NateTheGreat25]

i believe we should invest in Americas Future rather than investing in more issues. our dependancy on foreign oil supply has literally drained us Americans financially. it has also increased prices on most of our everyday needs and wants like food and gas. for more information on how to pitch in as Americans and make the investment that WILL change and improve us as americans, take a look at my awe-inspiring video on my page. please no judgments before you watch.

[TheOnionRoute]

♥ #Liberty ☼ #Libertad ♫ #Freiheit ♪

[phroto13]

@greycloud24 real quick. numbers came out for japan today and they had a trade deficit for the first april in 31 years. i believe it was bc they debased their currency and made it harder for their citizens to rebuild from the earthquake and was a mistake. and i totally agree with you about the us china situation... the benefit of the us consumer is to the detriment of the chinese consumer and the benefit of the chinese production capacity and infrastructure was to the detriment of that of the us

[greycloud24]

@phroto13 china is built on exporting goods. by cheaply exporting goods to other countries they corner the production market (or at least they did once upon a time). this encourages people to invest in production companies in china. this gives china money to build infrastructure and employs their citizens. china grew a lot by "propping up the US consumer". it wasn't so much "propping" as leaning on each other. international economics is not such a one sided story.

[phroto13]

@greycloud24 neither the EU or US seem like good investments as they both are defaulting on their debts... both through bailouts which again inflate the money supply driving cost of living up and quality of life down... the chinese get nothing but US treasury bonds in return for the goods they send across the pacific, and those dollars are losing value every day... japan is in a similar situation, but they have the same foolish central policy of propping up the US consumer but to a lesser extent

[phroto13]

@greycloud24 no china artificially keeps its currency low in comparisson to the dollar by printing rnb as it buys treasuries. this expansion of the supply of rnb is inflation. deflation is a contraction of money supply... but the fact that they do this does help them export, however if the rnb were allowed to appreciate then americans and europeans would be priced out of the market by a more competitive chinese currency adn the consumer goods that reach our shores would end up on chinese shelves

[greycloud24]

@phroto13 china and japan will not face economic collapse with us only if they invest in the EU. china is successful only because it artificially deflates the value of its currency allowing it to export products to other countries. it may become self sufficient in the future, but right now it does not have the infrastructure to become self sufficient and is dependent on exports. japan is dependent on exports as well, but more so on imports. japan needs the US and china for food.

[phroto13]

@greycloud24 and the fact that china and japan will collapse as well is far from the truth... japan and china are creditor nations and their citizens save, they also have huge manufacturing bases of things that they can consume. the us is a country of indebted citizens with an indebted govt and no manufacturing base. we have to import any goods that we need for our daily lives and have no savings to fall back on for a rainy day.

[phroto13]

@greycloud24 @kwb70652 SS is not a separate budget... it has been ruled by the supreme court that it is a tax... and ultimately its a ponzy scheme. it relies on the newcomers to pay the checks of the older clients. when the baby boomers retire there will be more payers than payees... also the social security trust fund is a sham. it is a bunch of treasury bonds that exist as a debt from congress to the treasury who borrows on behalf of congress... DO NOT RELY ON SS FOR YOUR RETIREMENT!