Have you read the recent studies claiming that many more people have or have recovered from the coronavirus than are counted officially? So have we. It’s great news, right? It suggests that the fatality rate is MUCH lower than currently calculated and we’re making progress towards national herd immunity, right?
Not so fast, warns Chris. He pulls up the actual research studies behind the headlines and show how shaky both its methodology and conclusions are. They’re so bad that other scientists within the research community are calling for an apology.
As much as we wish the hype were true, now is a critical time to ensure we’re dealing with accurate data. Bad data = bad decisions. Bad decisions = bad outcomes.
Meanwhile, Chris also notes the absolute carnage going on in the oil markets, with near-term oil contracts now trading at negative prices. This is historic and will have MASSIVE implications for the economy and the financial markets going forward.
You’ll be hearing more from us on that soon. So stay tuned.
I agree! I don’t believe anyones hype! Including yours!
Since the above post has no opinion or content from me, it appears that you are bearing false witness against me. Unless you want to elaborate further which “hype” you are referring to. I am disappointed that a “teacher” would submit the above comment.
Chris needed a new doom horse to ride after his “peak oil” doom didn’t pan out. Someone tell Chris that the May WTI contract closed at -$41.00 today.
I don’t remember his peak oil doom so I would appreciate more background. As for his analysis of oil today, he addresses it at the end of his video today.
Chris Martenson was at the forefront of the “Peak Oil” doom cult, which started in earnest about fifteen years ago. If you google “Martenson Peak Oil” and read you will see he relentlessly and almost viciously predicted an economic collapse caused by peaking energy consumption, leading to consuming all the easily-obtained oil, resulting in a collapse based on high energy prices.
Here is one article he got published on Nasdaq.
https://www.nasdaq.com/articles/chris-martenson-peak-oil-could-limit-economic-growth-2011-11-03
When that didn’t happen, he needed another doom cult to keep him going. Martenson has no, NO credibility with me. I tried once to tell him what we really had was peak debt-driven demand, and what we were really seeing was peak debt, which is what was really happening.
Debt and market manipulation has destroyed the basis of economic activity in a capitalist system, namely “price discovery”. No one knows what anything truly costs, because the system has been so distorted by debt, intervention, and regulation.
“There are no markets, there are only interventions.”
I am not going to disagree with his position almost a decade ago. Remember the Obama regime’s campaign to destroy the energy sector? Fracking changed the oil industry but the collapse of the oil industry now is due to the quarantines around the world. This is a classic definition of a black swan event. Tell me what profit Dr. Martenson is making by your definition of a “doom cult”? Let’s bottom line this: did you think we were headed for an economic collapse prior to this pandemic?