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Daily Digest 6/25 - Some Early Signs of Brexit Upheaval, Your Coffeemaker Is Watching You

Chris Martenson - June 25, 2016 - 07:51
  • Nicola Sturgeon to lobby EU members to support Scotland's remain bid 
  • Marc Faber: ‘Europe is becoming economically irrelevant’
  • Some Early Signs of Brexit Upheaval
  • To mitigate poverty, Y Combinator set to launch minimum income plan 
  • A-10s make rare highway landing near Russian border
  • Elon Musk Is Squaring Off Against China for the Future of Tesla
  • Your Coffeemaker Is Watching You
  • 23 dead in West Virginia floods; search and rescue continues

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Categories: Economics

Fortunes Will Be Made & Lost When Capital Flees To Safety

Chris Martenson - June 24, 2016 - 13:46

Little did I realize when creating the short video below how prescient it would quickly become in the wake of last night's Brexit vote...

It's message is simple: there's a preponderance of data that shows the world's major asset markets are dangerously overvalued. And when these asset bubbles start to burst, the 'save haven' markets that investment capital will try to flee to are ridiculously small. Investors who do not start moving their capital in advance of crisis will be forced to pay much higher prices for safety -- or may find they can't get into these markets at any price.

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Categories: Economics

How My Personal Porfolio Is Positioned Right Now

Chris Martenson - June 24, 2016 - 13:46
Executive Summary

If you have not yet read Part 1: Fortunes Will Be Made & Lost When Capital Flees To Safety available free to all readers, please click here to read it first.

So, given the conclusions in Part 1 -- as well as the larger risks to the economy and financial markets that we analyze daily here at Peak Prosperity -- how am I positioning my own personal investments?

I get asked this question often. Often enough that I'm deciding to open the kimono here and let it drop to the ground. Everyone interested to look will get the full frontal.

Before I do though, let me make a few things absolutely clear. This is NOT personal financial advice. The investment choices I've made are based on my own unique situation, financial goals and risk tolerance. And I may change these choices at any moment given new market developments. What's appropriate for me may not be for you, so DO NOT blindly duplicate what I'm doing.

As always, we recommend working with a professional financial adviser to build an investment plan customized to your own needs and objectives. (If you do not have a financial adviser or do not feel comfortable with your current adviser's expertise in the market risks we discuss here at, consider scheduling a free consultation with our endorsed adviser)

Suffice it to say, any investment ideas sparked by this report should be reviewed with your financial adviser before taking any action. Am I being excessively repetitive here in order to drive this point home? Good...

OK, with that out of the way, let's get started. I'll walk through the asset classes I own and my rationale for holding each.

The strategy behind my portfolio allocation is of my own devise, though it has been influenced in no small part by the good folks at New Harbor Financial, Peak Prosperity's aforementioned endorsed financial adviser.

At a high level, it has been constructed to address my strongly-held conclusions that:

  • Prices of most asset classes are dangerously overvalued
  • The risk of another economic contraction on par with (or greater than) the Great Recession within the next 2-4 years is uncomfortably high
  • The most likely path is we will experience a short period of coming deflation, followed soon after by one of high inflation as central banks starting printing currency without restraint (the Ka-POOM theory)
  • Capital will increasingly want to flow from paper assets (tertiary wealth) into tangible ones (primary and secondary wealth)
  • This is a time to prioritize protecting capital (defense) over speculating on how to grow it (offense)
  • Diversification is wise: just be emotionally prepared that some of your bets, by definition, will not pay off
  • In today's world of financial repression, no asset class is truly "safe". As such, asset performance is all relative.

This is not a swing-for-the-fences portfolio. It's much more of a prepare-for-the-storm approach...

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Categories: Economics

Daily Digest 6/24 - Good News Friday: Technique For Super-Fertile Soil, Can Ocean Preserves Save Threatened Species?

Chris Martenson - June 24, 2016 - 07:57
  • World Markets Upended by Brexit as Stocks, Pound Drop; Yen Soars
  • "It’s Scary, And I’ve Never Seen Anything Like It" - Where Markets Are The Morning After 
  • Brexit: What Happens Now?
  • Justice Department Reaches Deal With Mississippi County on Prison Reform 
  • How a Low-Income Household College Student Graduated Without Massive Debt
  • Testing Drugs on Mini-Yous, Grown in a Dish
  • Solar Impulse 2 completes world’s first solar-powered Atlantic flight
  • Three amigos summit seen as rare chance for big moves on climate change
  • Can Ocean Preserves Save Threatened Species?
  • This 700-Year-Old Farming Technique Can Make Super Fertile Soil

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Categories: Economics

Brexit Shocker!

Chris Martenson - June 24, 2016 - 07:30

The political and financial landscapes have been altered by last night upset "Leave" vote in Britain and now we have to try and make sense of the new terrain.

This is huge. Not that a Brexit 'Leave' vote has anything at all to with, say, Caterpillar’s earnings over the next few quarters. It has nothing at all to do with anything fundamental, but these “”markets”” have been anything but fundamental for years.

They've become gigantic, globally interconnected, leveraged speculating casinos. Nothing but a massive set of bubbles in search of a pin.

It looks like they may have just found one...

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Categories: Economics

Daily Digest 6/23 - Pound Rallies As 'Remain' Vote Expected, The Last-Minute Race for Gold

Chris Martenson - June 23, 2016 - 08:17
  • "I Don't Need A War In The Black Sea" - Another NATO Member Folds As Bulgaria Refuses To Join Naval Task Force
  • Pound and FTSE 100 rally as City expects remain vote
  • TARP: A Love Story
  • The Last-Minute Race for Gold
  • How Obama's Gun-Control Push Inverted the Politics of the No-Fly List
  • How Prison Labor is the New American Slavery and Most of Us Unknowingly Support it
  • The Oil Glut Is Over, Says World’s Most Powerful Oil Man
  • Florida gives FPL 10 years to clean up cooling canals

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Categories: Economics

Daily Digest 6/22 - Global Oil Investment Gap Widens, Australians In Record Credit Card Debt

Chris Martenson - June 22, 2016 - 07:40
  • El-Erian: Cash is a ‘valuable thing’ to be holding right now
  • China's onshore defaults could spill over to offshore bonds-S&P
  • BOJ April minutes show risks to economy, price growth persist
  • Global oil investment gap widens by $1 trillion: Wood Mackenzie
  • Soros Warns Brexit May Cause Pound Plunge Worse Than Black Wednesday
  • Credit card limits hit record high in Australia, leaving $51.7 billion debt
  • George Osborne's shame as Britain's debt tops £1.6TRILLION amid borrowing spiral
  • Venezuela 2016 Default Likely, PDVSA May Go First, Moody’s Says
  • Oi Files for Brazil Record $19 Billion Bankruptcy Protection
  • Soros, Gross, Druckenmiller, Singer, Icahn: Big-name investors turning bearish
  • Negative interest rates are a 'seeping poison' for the world's most important financial institutions
  • Temer Gives Brazil States Billions of Relief on Debt Payment
  • Pound pressured as Brexit poll shows 'remain' lead shrinking

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Categories: Economics

Inside the Little Free Pantry: a Q&A with its Creator

Shareable Magazine - June 22, 2016 - 07:28

Earlier this month, Shareable posted a short article about the Little Free Pantry in Fayetteville, Arkansas. Created by Jessica McClard, the Pantry is an easy way for people to share surplus food and household goods, and access items they may need.

Categories: Economics

What Would You Like to See on Shareable? Take Our Reader Survey

Shareable Magazine - June 22, 2016 - 07:00
Dear readers,   We recently kicked off a strategic planning process to develop a roadmap for our organization in the next three years. During this process, we will be evaluating our work, researching current and projected trends in our field, and determining how our organization can be most effective.  
Categories: Economics

Notes from a Gathering of Global Occupy Activists

Shareable Magazine - June 22, 2016 - 06:56

At a recent week-long D-Cent hackathon and conference at Medialab-Prado in Madrid, a group of occupiers from the Tunisian revolution of 2010, the Spanish 15M movement, the New Zealand Occupy movement of 2011, the 2014 Sunflower Movement in Taiwan, and the French horizontal protest movement Nuit Debout, met for an informal discussion.

Categories: Economics

Still #FeeltheBern? You’re Not Alone

Meet six people from the recent People’s Summit in Chicago coming to terms with supporting the senator’s ideas, rather than his campaign for president.
Categories: Economics

How Bernie Sanders’ Revolution Can Win, Even Without Him

With a mix of anger and excitement, Bernie Sanders supporters shift focus away from the presidency and search for ways to sustain the political revolution sparked by his campaign.
Categories: Economics

Off the Cuff: Things Are Toppy

Chris Martenson - June 21, 2016 - 19:34

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Categories: Economics

Locking the Web Open with Decentralizing Tech and Platform Co-ops

Shareable Magazine - June 21, 2016 - 10:17

Since the first browser was created by Sir Tim Berners-Lee over 25 years ago, the World Wide Web has grown to become a massive ecosystem of information that has democratized access to knowledge and culture on the Internet. But today, the Web is under threat.

Categories: Economics

Daily Digest 6/21 - The Great British Trade-Off, Why Young Americans Are Giving Up on Capitalism

Chris Martenson - June 21, 2016 - 08:31
  • Senate rejects series of gun measures
  • The Great British Trade-Off
  • Home Is Where The Fraud Is
  • Why Young Americans Are Giving Up on Capitalism
  • The Gold to Silver Ratio is Bullish for Both Gold and Silver
  • 10 years after housing peaked, US is more of a renter nation
  • Peak Oil Consumption Dead Ahead But Price is Anybody's Guess
  • How The Brexit Vote Will Impact Oil Prices

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Categories: Economics

14 Open Source Photography Tools

Shareable Magazine - June 21, 2016 - 07:40

In a recent article for, JT Pennington shares his favorite open source tools for photography enthusiasts. He points out that, while most people “scoff at the idea of a professional workflow on anything other than Windows or Mac,” that there are plenty of open source software options out there.

Categories: Economics

Council of the European Union Calls for Open Access to Scientific Research by 2020

Shareable Magazine - June 21, 2016 - 07:00

The argument that publicly-funded research should be made available to the public recently received a shot on the arm when the Competitiveness Council of the European Union reinforced its commitment to making all scientific articles and data openly accessible and reusable by 2020.

Categories: Economics

Female Migrant Farmworkers Push Back Against Machismo and Abuse in California’s Wine Country

In Sonoma County, women are coming together to support one another and advocate for the safety of undocumented fieldworkers who often work in isolation.
Categories: Economics

YES! Wins 4 Excellence in Journalism Awards

From a First Nation’s fight against Big Oil to Seattle’s school to prison pipeline, YES! Magazine coverage was honored in this year’s SPJ NW Excellence in Journalism Contest.
Categories: Economics

Trama: Netweaving and Collaboration in Rio de Janeiro

Shareable Magazine - June 20, 2016 - 07:57

In late 2014 a design project at PUC-Rio university led five students to the street in Rio de Janeiro to restore an idle square by opening it for people collaboration and creativity. They received a high grade for the event and it was the starting point of Trama, an open collective that acts as a catalyst for collaborative initiatives in the city of Rio de Janeiro, Brazil.

Categories: Economics