December 22, 2023 – Financial Sense Newshour’s Jim Puplava speaks with Chris Martenson, author of the best-selling book, The Crash Course: An Honest Approach to Facing the Future of Our Economy, Energy, and Environment to discuss current events impacting the commodity markets when it comes to copper, energy, precious metals, and much more. Chris argues that we are seeing a big disconnect between the fundamentals and prices for a variety of commodities and how the investment narrative around ongoing price weakness in the commodity space is about to shift.
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Timestamps:
00:00:00: Introduction to Market Trends
00:00:12: Commodities Market Discussion
00:00:22: Introduction to the Guest, Chris Martenson
00:00:37: Discussion on Copper Usage and Pricing
00:01:06: Discussion on Central Banks and Inflation Measures
00:01:26: Discussion on Potential Misuse of Central Bank Powers
00:02:14: Discussion on Foreign Central Banks Trading in US Markets
00:02:43: Discussion on Inflation and Impact on Mining Industry
00:03:19: Suspicions Regarding Market Distortions
00:04:08: Discussion on Ineffectiveness of Batteries for Certain Applications
00:05:07: Debate on Oil Consumption and Demand
00:05:34: Separating Myths and Facts Around Electric Cars
00:07:05: Continued Discussion on the Limitations of Electric Cars
00:08:05: Talk on the Practical Challenges with EVs
00:10:00: Reflection on Early Adopters of EVs and Sales Slowdown
00:10:38: Discussion on Feasibility of Green Energy Transition
00:11:43: Discussion on Restrictive Laws Around Green Vehicles in the US
00:12:10: Conversation on the Demand for Energy Resources
00:13:08: Critique on Ev Promises vs. Reality
00:13:23: Discussion on Problems with the Push for EVs
00:14:50: Talk on the Finance System and its Relation to Energy Growth
00:15:12: Discussion on the Resources Required for Green Energy Transition
00:16:01: Discussion on Shortcomings of Wind Energy
00:16:21: Further Discussion on the Limitations of Renewable Energy Sources
00:16:44: Discussion about China’s energy policy
00:17:08: Commentary on climate change debate and responsibility
00:17:43: Mention of the CoP
00:18:02: Discussion about climate change as an existential crisis
00:18:56: Discussion about commodity futures and price manipulation
00:21:26: Conversation about silver market and its importance
00:23:16: Understanding the total debt of US
00:23:37: Discussion about how to manage losses on debt
00:25:01: Detailing the current national debt situation
00:26:21: Discussion about Silver as a Strategic Metal
00:28:01: Talk on the financial conditions and deficit
00:29:17: Discussing the commodity market and price control
00:30:39: Understanding the opportunity for investors in the market
00:31:04: Discussion about plagiarism issue in Harvard
00:31:49: Discussion about mining costs
00:32:05: Elaboration on future shortage due to price suppression
00:32:16: Explanation of the process of mining at different ore grades
00:32:45: Rising Cost of Grinding and Exponential Energy Use
00:34:10: Discussion on technology and energy consumption
00:35:19: On Energy Secretary and Energy Efficiency
00:35:46: Conversation about resource scarcity
00:37:37: Discussion on the Fourth Turning and loss of trust
00:39:17: Concerns about Election Integrity
00:40:26: Importance of personal resilience
00:40:52: Questions about renewable resources and energy transition
00:41:30: Closing Remarks and offers from Peak Prosperity
Transcript:
Jim Puplava:
Well, one of the things that we’ve seen this year, we’ve seen some of the commodities, whether you’re looking at gold, silver or even oil, spike up, but then they fall. So what is going on in the commodities market? Is demand increasing, as many who follow fundamentals are saying, or is demand decreasing, is what the people on Wall street tell us? Well, let’s find out. Joining us on the program from peak prosperity is Chris Martenson.
Jim Puplava:
Chris, one of my clients sent me a video you did on markets and commodities in particular, and what I want to begin our discussion with, because last night I just watched a documentary on copper. It’s just absolutely amazing what they use copper, and in this case they were using it to coat the bottom of our navy ships. But let’s talk about that because this is a strategic metal that has become more important, especially with the green transition. And yet, Chris, the price has gone nowhere in two decades.
Chris Martenson:
So just to set the stage so everybody can follow along, the central banks out there in the world hate rising prices, but not…
Read More: Chris Martenson: Commodity Market Signaling Turn in Narrative