November 3, 2013 at 10:40 pm #8949SteveBParticipant
Nicole, I’m sorry I didn’t see earlier that you would likely be passing through our area here in SE MI this weekend. We would have enjoyed having you as a guest.November 4, 2013 at 3:14 pm #8954
It’s been a flying visit to SE MI, on a whirlwind lecture tour. I really enjoy visiting with people on route. It’s challenging to stay on top of all the logistics though, since there are lectures most days, and often several hours of driving too. Perhaps another time I can drop in. MI is not so far from eastern Ontario.November 4, 2013 at 6:09 pm #8955
Wait a second!! Did I just read that right. That Nicole believes that the worst is over in Japan!! How can that be. If you are talking apocalyptic depression here in the U.S. it will have grave implications for the whole world. Not to mention their energy conundrum. Please revisit that comment and see if that is what she really meant. That one statement totally seems to contradict everything she has said.November 6, 2013 at 1:46 pm #8958
I guess this is a Jim Puplava comment but it does me take pause when people say things like this it does discredit everything else. “Nicole is currently lecturing in the US, and believes that not only is Europe the leading edge of a developing depression, but other bubbles are in the process of bursting around the globe. Nicole is relatively optimistic about Japan, where she feels the worst is over. In the U.S., Nicole sees the many pension promises as totally unsustainable, and believes the next U.S. ” ………Maybe this is pandering to the mainstream. Who would have thought that questioning the economic system after 2008 would have to sugar coat everything so much so that people can absorb the message!?November 6, 2013 at 6:34 pm #8961Raúl Ilargi MeijerKeymaster
I haven’t heard the Puplava thing, and, after reading it several times, I don’t understand this last bit:
” ………Maybe this is pandering to the mainstream. Who would have thought that questioning the economic system after 2008 would have to sugar coat everything so much so that people can absorb the message!?November 6, 2013 at 7:07 pm #8962
What I am trying to say is that any talk of collapse of the current system is met with labeling that person as a “doomer” “crackpot” etc… So to give credibility—–for lack of a better word—- he throws in this comment “Nicole is relatively optimistic about Japan, where she feels the worst is over.” It makes no sense! The U.S is going to see massive defaults and depression along with Europe but for Japan no problem “the worst is over”. It reminds me of comments that I heard in 07 that China was going to decouple from the rest of the world economically. And my favorite green shoots! If collapse in the larger countries happens it will be systemic and the worst won’t be over for Japan or anyone else for that matter. To be honest I am not sure who is the author of the above comment but I believe it is putting words into someone elses’ mouth. I see Japan as having one of the longest hardest roads ahead! But I would like to be proven wrong. Thanks TedNovember 6, 2013 at 8:02 pm #8963
I haven’t heard the Puplava thing
Read the Puplava thing. Specifically this:
Nicole is relatively optimistic about Japan, where she feels the worst is over
Did Nicole actually say that, or is Jim putting words in her mouth? Every time I’ve heard Nicole speak I thought I remember her suggesting that Japan is f*cked, though perhaps she says it a bit more politely than that.
Oh, and not to criticize (which means I’m about to criticize), but I’m not seeing the value in a less-than-two-minute plug for Nicole on Jim’s show – I’m not about to pay Jim to listen to his “financial sense” (even if it is Nicole on there) for an hour, particularly when there’s so much great material out on the web, and free at that! But when Jim feels like sharing his chat with Nicole for free, I’d certainly appreciate you posting the whole chat, Ilargi.
While I’m on the topic of criticism, the Doomstead Diner podcasts were difficult to listen to, not due to anything Nicole said/did, but for the way one of the interviewers kept repeating Nicole’s ideas back to her as if they were his own, or asking her questions she JUST ANSWERED moments prior, clearly suggesting he hadn’t been listening to what she just said (or at least not comprehending it). That’ll be the last DD podcast for me, thanks kindly!
C-Realm podcast was great, though I was a bit surprised by it. I’m sure Laurence is a very lovely man, and I think it was bold of Nicole to team up with someone so optimistic to balance out the doom/gloom attached to her unfortunately truthful narrative. That being said, I found Laurence seeming to somewhat struggle and/or came up short in his responses to a lot of the Q&A’s with KMO, usually just offering up hopeful comments like “we just have to fix it…” or “there’s got to be a better way…” and so on and so forth.
I’m not opposed to optimism, and if people see workable solutions to our problems I’ll gladly pursue them. But I’m not a fan of optimism for optimism’s sake, or optimistic responses to cover up one’s lack of knowledge and/or awareness of a subject. I get enough of that from the talking heads on CNN, CBC, CNBC, etc.
On a more positive note, I am looking forward to the new TAE material coming out that features Nicole’s A World of Change plus the message her and Laurence are currently delivering across the US. I haven’t supported TAE in awhile, so buying both sets would probably be a good start.
VariableNovember 6, 2013 at 8:45 pm #8964williamParticipant
Nicole mentioned something that follows the demographics of current boomers. The word she used was velocity in talking about the money supply. Let me add a further word the viscosity of the money supply.
It make more sense in the microeconomic view. Suppose you have two different demographics spending $100. One is a parent in a huge rush after work spending cash to deal with not having enough time to make meals for children. This level of panic in spending means the money goes to the hand of the pizza delivery person. Money is immediately push from one hand to another that day. It leaves the pizza place to purchase inventory and pay wages. On a daily basis the money moves from the till back to the economy 3 times a week as purchases are made to resupply. The same $20 bill moves between hands of the local economy lets say 4 times in a week. Its move from hand to hand is the drive of the economy.
Now on to the next senior. He purchases medication at a big box store. His $20 bills move into a till and sit. At the end of a month it travels not into peoples possession but into a truck and travels into head office. At the end of 3 months the value of that money is handed back to the same senior in the form of a dividend.
So velocity is the length of time it takes money to move from the possession of one individual to the next – a speed of the flow of money.
Now the delivery guy got a $3 tip for delivering the pizza. Later that night that $3 is spent on fries with his buddies. The $3 could travel many places in one week without notice from anyone. The senior wants an electric scooter and writes a cheque for $3000. This cheque travels only to the bank and is noticeable to the senior.
So viscosity is the size of the transaction. Large transaction travel in a significantly different way than small.
These two issues change an economy when it comes to a large group retiring. I call it dead heading. Japan despite being a society of savers collapsed economically because the large amount of people retiring. The retiring people change the flow of money.November 6, 2013 at 11:09 pm #8966Golden OxenParticipant
@ reply Variable81
Sir, Perhaps being a member and frequent poster at Doomstead Diner makes me a bit prejudiced, but your remarks about not listening to our podcasts again saddened me.
We are relative newcomers to the podcast venue and are trying our utmost to put out a first class product. Nicole graciously consenting to be a guest of ours was a major event for us and I would like to take the opportunity to thank her for so honoring us.
We all have likes and dislikes of different personalities or the way someone conducts an interview, personally, I cannot stand Mr Puplava and his silly babble, but I became acquainted with Nicole Foss and TAE on his site, which more than makes up for my dislike of his style.
Please give the Doomstead Diner another chance. We listen to criticism, and are trying constantly to improve the delivery and quality of our offerings. I can assure you we will be having many offerings worthy of your time in the future. Regards, GONovember 7, 2013 at 2:52 am #8967Viscount St. AlbansParticipant
The viscosity of money flows…….Yes! A key point.November 7, 2013 at 6:05 pm #8968
Thanks for the measured response to my (probably overly-critical) comments about the Doomstead Diner podcasts.
I just wanted to clarify that it’s not the quality of the podcast (quality seemed decent enough save for a few audio issues) that brought about my criticisms, but the style and (one of) the personalities (example – to this day I’m still maddened by the fact James Howard Kunstler can’t refrain from eating, chewing, and/or breathing heavily while his guests are speaking on his podcasts! So disrespectful! Grrr!).
When the host of a podcast has to basically repeat, verbatim, what his guest just said and then throw in a “… as I’ve said many times before…”, I basically check out to what that person is saying.
When I’m listening to a podcast, I’m looking for the host to present thought-provoking questions to challenge their guest’s point of view and tie it all back to the bigger picture and/or overall focus of their podcasts (one of the two hosts of Doomstead Diner was successful in that endeavour)… not to be reminded of what the host said before or thinks they already know to the point that it sounds as if they’re trying to lecture their guest speakers.
In fact, I think one of my favourite Nicole Foss interviews may have been with Radio Ecoshock (if I’m remembering it correctly), where the host was very uniformed on economics, ponzi-finance, and asset bubbles. But he was humble in admitting that lack of knowledge, and his questions were valuable as they were probably the same kind of questions most of my uninformed friends/peers would ask if I could drag them out to a Nicole Foss talk/lecture. Save for a few anecdotal stories he told to relate to Nicole’s points, the rest of the time he basically just stayed out of Nicole’s way as she laid out her worldview on finance and energy.
VariableNovember 8, 2013 at 1:06 pm #8970SteveBParticipant
That was very constructive feedback, Variable. Thanks for showing us how it’s done. 🙂November 8, 2013 at 2:12 pm #8972RickMember
On one of the podcasts, Nicole mentioned that she didn’t think gold is going to be something to help an average family during a financial collapse unless they hold it about 20 years or so. Is there another podcast or link that talks about what will be helpful? ThxNovember 8, 2013 at 2:24 pm #8973
I always found this to be one of the best starting places for thinking about how to prepare for financial collapse:
-VariableNovember 12, 2013 at 6:29 pm #8981RickMember
Thanks Variable. That was very helpful.November 13, 2013 at 10:18 am #9111Raúl Ilargi MeijerKeymaster
I have a series of podcasts for you today that Nicole did over the past few months, during her present US lecture tour. There’s a podcast from Jim Pup
[See the full post at: Nicole Foss Podcasts : Jim Puplava And Beyond]November 22, 2013 at 5:05 pm #9224
I am not optimistic about Japan. In purely financial terms, they are further along the deflationary path because they began their slide in 1989 when their bubble burst. They have already lived through nearly 25 years of ‘bear market’ and deleveraging. They may be about to experience what come afterwards – a currency hyperinflation – and be broken all over again in a different way.
In energy terms they’re screwed, and in health terms too in eastern Japan, thanks to Fukushima. Geopolitically they’re far too close for comfort to a superpower that hates them (for good historical reasons – see the rape of Nanking). It’s not at all an optimistic picture in Japan.November 22, 2013 at 5:41 pm #9227
The Doomstead Diner podcast questions are scripted in advance. That makes it harder to create a conversational flow following an answer, but I suppose easier to make sure all the points you wanted to raise as an interviewer got raised as planned. I never script anything I say in advance because I prefer free-flowing conversation, but to each his own style.
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