In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- Growing Weakness At The Periphery
- A reminder that collapse happens from the outside in
- The Betrayal Of Capital
- We are watching the predictable result of too much mal-investment
- Natural Limits Will Be The Ones That Matter
- The ones that can't be addressed by printing up more money
- TINA: There Is No Alternative
- Those in charge of the system have run out of Plan Bs
Recorded last week, here's the latest Off The Cuff discussion recorded between Chris and Charles Hugh Smith.
Both note the deflationary forces that are fast-eroding the stability of periphery countries around the globe. As long repeated here at Peak Prosperity, we're of the opinion that collapse happens from "the outside in". Once the smaller dominoes start falling, watch the pace at which the next-largest drop, as it can tell you how quickly the core ("safest") counties will start being affected.
A theme delved into in this discussion is the...
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In their 2014 report on the collaborative economy, Crowd Companies (an “innovation council” founded by Jeremiah Owyang) and Vision Critical (a customer intelligence platform provider) concluded that sharing is here to stay.
In 2013, school librarian Alicia Tapia created Bibliobicicleta, a free, mobile library pulled by bike. Since then, Tapia and Bibliobicicleta have rolled up to San Francisco parks, farmers markets, museums, and beaches to distribute free books and help spread a love of reading.
Bibliobicicleta holds around 100 books, including selections for people of all ages, lifestyles, and interests. It attracts attention wherever it goes.
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- Google’s ‘Don’t Be Evil’ Becomes Alphabet’s ‘Do the Right Thing’
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- The Trans-Pacific Partnership Trade Deal Explained
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- Lawrence Wilkerson: The Travails of Empire @ Lone Star College Kingwood
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- The ECM Turning Point — Sept. 30/Oct. 1 — Guns & War?
- How They Got Their Guns
- Even Appalachia Is Walking Away From Coal
- The Decline Of 'Big Soda'
- Income inequality in the U.S. from 1950 to 2010: the neglect of the political
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- Alan Greenspan and the Space-Time Continuum of Interest Rates
- The Great Illinois Gold Rush
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- Gold And Money Supply
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Daily Digest 10/2 - Good News Friday: 2015 'Genius' Grants Announced, U.S. Price Of Solar Has Fallen
- The 2015 MacArthur ‘genius grants’ honor — and surprise — 24 fellows
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- Self-Driving Cars Could Save 300,000 Lives Per Decade in America
- Trading With The Enemy
- Robots are about as bad as humans at assembling IKEA furniture
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Occupy Wall Street protesters. (Occupy.com)
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- If there is liquid water on Mars, no one—not even NASA—can get anywhere near it
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- Is The U.S. About To Break One Of Its Own Nuclear Treaties?
The signs of deflation are now flashing all over the globe. In our estimation, the possibility of an associated financial crisis is now dangerously high over the next few months.
- China is rolling over
- Contagion will eventually take down the core economies, including the US
- We are witnessing a full-blown collapse of the commodity complex
- Deflation will win the day over the next year, but then get ready for helicopter money hyperinflation
Right off the top, China is not growing anywhere near the 7% it claims. That’s just a politically useful lie that the Chinese tell to the world as much as they tell to themselves.
Fortunately, hardly anyone is falling for that particular fib any longer. Let’s start with the completely obvious manufacturing slump that has hit China:
Chinese Factory Gauge Slumps to Lowest Level Since March 2009
Sept 22, 2015
A private Chinese manufacturing gauge fell to the lowest in 6 1/2 years, underscoring challenges facing the economy as its old growth engines splutter.
A global sell off in riskier assets gained pace after the preliminary Purchasing Managers’ Index from Caixin Media and Markit Economics dropped to 47.0 in September. That missed the median estimate of 47.5 in a Bloomberg survey and fell from the final reading of 47.3 in the previous month. Readings have remained below 50 since March, indicating contraction.
Premier Li Keqiang’s growth target of about 7 percent for this year is being challenged by a slowdown in manufacturing and exports even as services and consumption show resilience.
The way a PMI reading works is anything over 50 indicates expansions and anything under 50 indicates contraction. Anybody care to explain to me how China can be sporting sub-50 readings every month since March -- that’s five full months -- and still be claiming to be aiming for a 7% annual growth target? You know, because China is...
On October 24th the citywide sharingday will be organised.
The theme of the day will be "Picture it!" We'll take you along on a journey, sketching the possibilities of a sharing city. At the end of the day you will not only be inspired. You will feel and know sharing is within reach. Possibilitys are allready there. The only thing left is your choice wether or not you will jump in to this world of sharing an abundance.
- Fed ready with more stimulus if economy slumps
- Abe adviser calls for extra stimulus in Japan
- Global trade to grow at slowest pace since financial crisis: BOK
- IMF downgrades 2015 economic forecast on Russia to minus 3.8% of GDP
- Credit Suisse warns of oil losses pummeling banks in Norway
- Central Bank in Denmark Loses Tool After Debt Funding Need Jumps
- IMF says Sweden needs to do more to cool housing market
- German inflation turns negative in Sept for first time in 8 months
- Malaysia faces another bond litmus test as contagion worries grow
- Brazil's Broadest Inflation Index Faster Than All Estimates
- European Yields Reflect Slow Inflation Adding to Pressure on ECB
- Bubble Seen in China Bonds as Record Borrowings Raise Stakes
- Indonesia c.bank official sees room to cut rates if inflation falls
- Household debt rises at fastest pace in nearly three years
- Analysts Cut 2015 and 2016 Growth Forecasts for Brazil
- Offshore Yuan Gains as Record Loan Rate Linked to Intervention
- Brazil Currency Volatility Climbs as Central Bank Adds Support
- ‘Cold Fusion’ Is Citi's Answer to Fading Central Bank Firepower
- India central bank cuts key interest rate to 6.75%
- Icahn sees ‘danger ahead’ over zero rates, junk bonds
- Spanish inflation dives, falls to -1.2%
I installed my 2000 square foot, 6 foot deep fish pond in the fall of 2013. I waited one year for the pond to grow some vegetation, and to begin to support an ecosystem. In the fall of 2014 I stocked a pound of fathead minnows. These are the feeder fish for the bass and catfish that I planned to stock. I wanted to give the minnows a head start, so there would be plenty of them to go around.
Travel guides generally warn tourists to steer clear of the Tenderloin District, San Francisco's version of skid row. For 14 years, however, Michael Swaine mended clothes for people in the heart of the district. Once a month, he set up his cart, with its antique treadle sewing machine, and got to work repairing pants, tops, jackets, bags, or whatever else a needle and thread could save.
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- The Real Estate Crisis in North Dakota's Man Camps
- As governor, Bush sided with campaign contributor on delaying Everglades pollution cleanup
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When catastrophic disaster strikes anywhere in the world, the affected community faces many challenges in rebuilding their lives, homes and communities. But when disaster strikes in a developing country, the challenges are compounded by a lack of access to the tools, space and resources needed to begin rebuilding.