View Full Version : The Five Horsemen by Martenson

09-02-09, 01:27 PM
The Five Horsemen

Saturday, August 29, 2009, 1:52 pm, by cmartenson

Below is another Martenson Report from May of 2009, which I am now making available.

Nothing has been edited or changed.

<h3><strong><em>Executive Summary</em></strong></h3>
<li>What can we expect next, and how will we recognize it?</li>
<li>A series of sharp, interrupted shocks is more likely than a major sudden collapse.</li>
<li>Five game-changing events, what I call <em>The Five Horsemen</em>, will indicate that the rules have changed and a new reality is about to take over:
<li>The First Horseman:&nbsp;<em>New credit growth falls below interest payments</em></li>
<li>The Second Horseman:&nbsp;<em>The Fed monetizes debt</em></li>
<li>The Third Horseman:&nbsp;<em>Government deficit spending exceeds 10% of GDP</em></li>
<li>The Fourth Horseman:&nbsp;<em>The dollar goes down, while interest rates go up</em></li>
<li>The Fifth (and final) Horseman:&nbsp;<em>US debt becomes denominated in foreign currencies</em></li>

more at

anything by Martenson goes here, right?

09-03-09, 12:16 PM
I think it is very important for people to uinderstand what Martenson says here. It is everything that Michael Hudson says, except that it is expressed in a way that makes it much easier to understand.