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As the price of oil climbs higher, many officials and policymakers have been quick to say the rise is transitory. But Chris Martenson, author of “The Crash Course” tells BNN that those assurances are misplaced and that we’ve entered a new era of higher energy prices.
“Now we are getting in the period of more difficult and more expensive oil and unfortunately not quite enough to support the lifestyle we’ve become accustomed to,” Martenson says.
Martenson says investors should take note and begin moving their investments from things like stocks and bonds to real assets.
“Ultimately real wealth is solid investments that we have in tangible things on the production side,” he says. “I believe the pendulum has swung very far from things into paper and pendulum is about to swing back to things again.”