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welcome back to me because that's i'm david packard we're speaking with chris
martin son who's in studio with us today chris is betraying research scientist
and you make it a point to say
you are not an economist and so why is that a big deal to you it seems in
preparing for this interview i start as you mentioned that on your website and
you said it in some other interviews
why is that so important
there about who i am bahut la
it's absolutely i think we should switch might speak his personal reason we're
getting a little feedback on his there
the reality that just talk
very close close as you want to get with the mike
but wherever is convenient there we go
did so inertia
thanks david it's just important to me to clarify kawaii eman who are not i'm
not an economist although i talk about the economy allot it's something that's
very passionately interesting to me
but i did start out as a research scientist and so i also got an m_b_a_
was off in the business world for quite a while
and this makes is very uncomfortable with numbers i'm comfortable data like
i'd like to let the information tell the story
and there's an incredible story out there to be told about our economy i was
calling for the downturn that we're living through a number of years before
it started
there some other things coming now that i think everybody should be aware of
but i want to ask a lean up misrepresent myself and say are on the economist and
actually i think that's agood thing to be these days cuz let's face it almost
all of them missed this story well you know i don't know if it is because some
people tell me that i am unicom an economy seven n_b_a_ n undergraduate
degree in economics and some people say that that makes me
ostensibly some kind of an economist and i've i'd absolutely absolutely no idea
no four said about what was going on going to happen specifically be on the
fact that i knew is really easy to get a mortgage
i saw that there was a lot of a lot of leverage in bizarre derivative
instruments kind of floating around and being increasingly used as hype
profit centers for a lot of the financial company so i don't even know
that
there is a strong advantage to being
a so-called economist at least not one at my level so to speak i think someone
with
kind of the more technical numbers training you have made even be more
useful
like a man from the outside from the outside in the there were
what you say there's some things that i distrust my god on when i saw that that
the there was a hairdresser in las vegas
she had nineteen homes and was was accumulating more and more in the idea
there was that she was just mail the sell them for more money to someone else
that's like the classics you shine boy giving tips to j_p_ morgan nineteen
twenty nine moment another number of moments that were stacking up for me the
said
doesn't smell right doesn't look right and then i would go in without
hypothesis dig around for the data
and the more i got the stinky regatta it honestly it once you put it all in one
spot it's pretty clear that we were going way off the bubble edge so you are
a former fortune three hundred d_p_ can you say what company that's with which
which of these top three hundred companies called science applications
international corporate sale is it was private at the time i was there and it's
now public company and what what do they do
they do mostly on
defense contracting and other government contracting that's two-thirds of
business one-third is commercial i was on the commercial side
i was a consultant in the pharma industry at that point and what so tell
i i know your website you you outlined some of reef lee how u transitioned out
of that and into what you do now
but kind of some of the opt for us elaborate the
the board for nafta stories kind of us start for a lot of people
before i came in contact with the information it's now on my website means
freely available to anybody who wants to see it
i was living in a five bathroom house
on the coast of connecticut waterfront home i had a vote myslef
fortune three hundred vice president
i come in contact misinformation starting traveling at look at it my wife
and i decided we had to make some changes at this point i'm forty two a
three young children
completely digital drop the house everything anthem moved to this region
of the world appear in montague mastering that though
and we did that because we saw some changes coming that we realize that the
lifestyle that we were living was not the one that we wanted to be and when
these changes came
so for instance with us economic downturn coming we decided we didn't
really want to be holding a big real estate asset of the kind of we thought
would decline that was a very wise move and what year was this that was in two
thousand three when i made the move so this was well early on this was the two
thousand three really in the middle of the housing bubble is it not yeah we
were still running up the peak of the housing bubbles two thousand five it
but i wasn't selling a house at that time specifically to dodge the real
state public there were other things that
that i was dodging at that point and i thought and so we started on this
journey that we've been on because we saw some things that frankly matos
afraid
and once we made this transition to a different lifestyle to new community to
much deeper richer say connections now this is something we would actively
dying because it's it's desirable
more the carrot than the stick and we have no regrets his absolute the right
decision for our family but from the american standpoint it looks like i fell
off the american dream bandwagon with a thought
right now i i had everything well out there met with her golden parachute here
no no golden parachute because i will label we will get that question we will
get when you say that you that it's a sad story in a sense there are may seem
like a sad story the golden parachute might make it happen is that right
no no this was a the no parachute involved aggressively golden or
otherwise they'll okay
alright id so here we are now in that spent the past five years trying to tell
people that there was this big economic pickup coming
but it's a larger storing that this economy is the first year talk about the
second the is energy
and there's a huge story there to be told about where we're heading with
energy the next five ten twenty years ago beatrice kam
pletely unique in human experience we've always had
one more horizon
one new coal seam one new energy source you know of some some critics like to
say well the stone age did name cuz we ran out of stones
implying that we're not going to run out of the way ltc because we're gonna run
out of oil it's completely different process people move from stones to
bronze to steal
and so on we went from
cole
to turmoil uh... now what
and that's something nobody can credibly say what stupid question mark around
that he
and then the thirty years around the environment and for me that's really a
story about howard depleting the resources on this planet ark if we're
talking about tuna fish or copper or topsoil
or fresh water nap refers we are ripping through this based resources of this
world that that give us a lifestyles we like to lead
give us the communities we live in our whole culture our whole sense of
standard living everything
is dependent on taking out not just a little bit more every year
and exponentially larger amount every year we have to take up more and more
and more in that story of more
is coming to a pretty interesting conclusion if not in my adult life time
certainly my children's
so this note and then we'll get and i have specific questions about that in
before we get to that i've been looking at your website which by the way we're
speaking with chris martin's in the website is chris martin soon dot com
and that's been a party the and pesto and
and ided advertisements all the time for crash courses eve books learning
seminars so on and so forth and his constant and some of the ones i get in
the mail are an incredible amount of paper just just using the paper i get
from people wanting me to follow their stock picks or learn about
how did they see the economy going in the next couple of years
i could write
scripts for two years for the show literally
are you giving investment advice on the website tell us about this crash course
in how is it it looked to me to be different from
some of these others and in some ways it looked to be the same so i think for our
audience who would be good to know
what exactly goes on on chris martin's in dhaka the premier offer we've got is
something called the crash course it's twenty video chapters uniform in its
long ten minutes long varying
and i put that out there with absolutely no business model in with with no
expectation this was my mission driven work and i had this information it was
so important cause me to change my life and their families
and i thought i'd couldn't just sit on this as a product that i was going to
sell the people so i mean it free
and anybody can watch that it's now translated into three full languages on
the basis of volunteers alice the spanish people came out first and got
into spanish french italian or almost done with it who's going to nine other
languages all round the world in again all for free
and i do offer enewsletter for subscribers but that's not investment
advice it's really my big picture
looking where i'm gathering data and information i can i call myself an
information scouts when i get so i read things life pull it all together i might
write about way or in my great about
where agriculture is going whatever sort of you know how tough that moment for me