"The higher price of oil is going to really harm some weak players out there. The chain reaction always starts with somebody not being able to pay their debt back."
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar which later became a book called The Crash Course: The Unsustainable Future Of Our Economy, Energy, And Environment