- Hedge-fund shutdowns last year were most since 2008
- Trump Deflects Blame for U.K.'s Anger Over Spying Allegation
- Faking It: How the Media Manipulates the World into War
- Dutch voters reject anti-Islam candidate
- What Happens If a Nuclear Bomb Goes Off in Manhattan?
- Republicans Start Lining Up to Fight for the N.E.A. and N.E.H.
- Tax Breaks Could Save U.S. Oil Industry Billions
- Small-Scale Farming Could Restore America’s Rural Towns
I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.
Because, through the lens we use here at PeakProsperity.com to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.
And I'm choosing that word deliberately: Evil.
In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:
- Rate Hike!
- The Fed just increased the interest rate by 0.25%
- The financial system is now a racketeering fraud
- The Net Energy Predicament
- The unseen cause of so many of the systemic breakdowns we're seeing
- The Deep State In Turmoil
- The Trump administration has set off an internal war
James Howard Kunstler returns to Off The Cuff this week for a wide ranging discussion. First on the docket is the recent Fed rate hike, and the baffling logic that markets are using to interpret is as another "bullish" signal for piling into stocks.
No surprise, Jim thinks the markets have become one big roach motel for investment capital.
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.
- Can Declining Productivity Growth Be Reversed?
- This Is What Taking Your City Back Looks Like
- Cholesterol-Slashing Drug Can Protect High-Risk Heart Patients, Study Finds
- Holi 2017: The Festival of Colors
- Carbon Farming In Los Angeles
- A Harvest Underneath The Ice
King Arthur Flour, founded in 1790, is America's oldest flour company. However, the company's approach to social impact, executive leadership, and stock ownership is very different from the vast majority of traditional corporations.
- In Trump Budget, More for Military, as His Supporters May Lose out
- Death, Debt, Devaluation, And Taxes
- Stem cell clinic masquerading as legit research blinds three in Florida
- Sunny Days Ahead For Solar Power
- Did you miss that last JNUG Signal?
- Why Carl Icahn And Valero Are Pushing For Biofuels Changes In Washington
- 2 of a Farmer’s 3 Children Overdosed. What of the Third — and the Land?
- USDA Issues Update on Highly Pathogenic Avian Influenza in Tennessee
The best way to defend yourself against the risk of 'losing it all' is to have an important part of your wealth stored between your ears, where it can't be taken from you.
If bad fortune should intervene and you lose your financial wealth, or you need to move away from your current community and start all over again, you'll be able to build a future if you have valuable skills, knowledge and expertise to rely on.
This will be especially true if the future unfolds the way we expect, where declining energy yields and economic stagnation sentence us to doing less. In such a world, a much higher premium will be placed on those individuals who know how to create value. Who know how to get things done.
You can find them on Saturday afternoons, in a park, plaza or workshop, involved in what looks like a strange choreography: They're not buying or selling, eating or dancing. Instead, they're repairing things. Clothes, home appliances, toys, books, bicycles — even the most hopeless items can be fixed according to the Club de Reparadores (Repairers' Club), a dynamic and itinerant tribe of volunteers who've joined forces to battle programmed obsolescence and unchecked consumerism.
This is Part 2 of our podcast with social activist Mark Morey. (Part 1 can be heard here)
Much of society's ills can be resolved through changing our behavior. Native populations are a rich resource of wisdom in doing so, as they had to address many of these same problems centuries ago. The question is: Will we take the time to listen?
- More than 1 million student loan borrowers went into default last year
- Pennsylvania GOP lawmakers sobering to huge budget deficit
- Plan to save S.C. pension would make local governments pay
- Board to Puerto Rico: Cut pension system, impose furloughs
- Rising rates will speed up the clock on retail's $3.7 billion time bomb
- Chinese Leaders Back Bankruptcies for Unwanted Zombie Firms
- Student loan defaults are rising faster than you think
- BOK under fire for error in household debt statistics
- Just so you know: Total U.S. debt and other obligations now total $69 trillion
As I stepped out of the Austin–Bergstrom International Airport last week, I felt the rush of anticipation as I was in the city to attend the much-hyped SXSW conference for the first time. I was invited to speak on a panel at SXSW Interactive about the "sharing economy," and how Austin was on the front lines of a heated debate about this concept.
The novelist Mark Twain is said to have referred to Montreal as a city of spires, writing that "you couldn't throw a brick without breaking a church window" in Canada's largest French-speaking city.
"In Quebec cities, the church is the landmark," historian Paul Mackey says. "In Europe you have castles — here, we've built churches."
- Iceland, Symbol of Financial Crisis, Finally Lifts Capital Controls
- In Praise Of Cash
- The social media “echo chamber” is real
- No Magic in How G.O.P. Plan Lowers Premiums: It Pushes Out Older People
- The Monumentally Expensive Quest to Pull Off an Alaskan Oil Miracle
- Will a New Glass Battery Accelerate the End of Oil?
- Oil Steadies Itself Ahead Of Big Week
- Fortress Of Plenitude
Greece was all over the news in 2014 and 2015.
You might remember hearing about the new radical left party Syriza, the referendum, and the demonstrations and violence in the streets. So what happened? Mistrusting the mainstream narrative coming from western media outlets, and suspicious of the abrupt end to most news coverage, we traveled to Athens to get an on-the-ground look at what was going on in the aftermath of the Greek debt crisis and the turbulent events that had built up over the last few years in the country.
As was covered in an earlier article on Community Land Trusts (CLTs) on RioOnWatch, market-rate housing by definition does not meet the affordability demands of the bottom socio-economic tier (normally 20-30 percent) of a city's population, so transferring favela housing to the formal market will not address the needs of that group —