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Economics

Why We Did an Issue on Debt

Good debts? We know it sounds crazy. But there’s a quiet revolution brewing in how we move money around, and we want our readers to know about it.
Categories: Economics

Daily Digest 8/21 - Good News Friday: The Ketamine Cure, Marine Mammals Thriving In Thames

Chris Martenson - August 21, 2015 - 09:14
  • UK embassy in Tehran to reopen after thaw in British-Iranian relations
  • People Are Awesome 2015
  • Ghosts of Truancy Laws Past
  • The Ketamine Cure
  • Bernie Sanders Draws Big Crowds to His ‘Political Revolution’
  • Elon Musk’s hyperloop is actually getting kind of serious
  • Goodwill goes upscale with new boutiques
  • Marine mammals thriving in Thames

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Categories: Economics

I Learned More by Leading a Student-Debt Strike Than I Did at College

After graduating from Everest College with a bad education and no job prospects in sight, I refused to pay my student loans. Now I’m helping lead the first student-debt strike in America.
Categories: Economics

How Placemaking with "Bottle Bricks" Changes Lives

Shareable Magazine - August 20, 2015 - 07:59

Volunteers working on Earthbench. Photo credit: POEM.

Categories: Economics

Join Chris, Adam & Robb Wolf Speaking in Sebastopol, CA on Sep 2

Chris Martenson - August 20, 2015 - 07:51

Come join Chris, Adam and nutrition & fitness expert Robb Wolf for the night of September 2, at the Grange Hall in Sebastopol, California (6000 Sebastopol Ave, Sebastopol, CA 95472)

We'll be talking about how to build true wealth, with a special focus on one of its most valuable forms: a healthy & capable body.

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Categories: Economics

Daily Digest 8/20 - Going Off-Grid In Comfort, Did China Kick-Start A New Gold Bull Market?

Chris Martenson - August 20, 2015 - 06:49
  • Greece pays ECB on maturing government bond- govt source
  • Warren Buffett’s favourite valuation measure signals stock markets are overvalued 
  • Military May Be Engaged in Illegal Psychological Operations and Propaganda Against U.S. Citizens
  • Beginning of a Breakdown in International Trade-Hugo Salinas Price
  • A New Ally in the Battle for Being Sovereign
  • Did China Kick-Start A New Bull Market In Gold?
  • Silver - More Evidence of a Price Bottom
  • The Boundaries and Future of Solution Space
  • Going off-grid without sacrificing comfort
  • Fukushima fishing cooperative allowed Tepco to discharge the contaminated groundwater to the sea
  • If You Spill Water On This Book, That's A Good Thing
  • EPA Cracking Down On U.S. Methane Waste

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Categories: Economics

“Don’t Owe. Won’t Pay.” Everything You’ve Been Told About Debt Is Wrong

With the nation’s household debt burden at $11.85 trillion, even the most modest challenges to its legitimacy have revolutionary implications.
Categories: Economics

“Don’t Owe. Won’t Pay.” Everything You’ve Been Told About Debt Is Wrong

With $11.85 trillion in household debt, even the most modest challenges to debt legitimacy have revolutionary implications.
Categories: Economics

Daily Digest 8/19 - Mexico Central Bank Sells $200M, Yuan Slips Further

Chris Martenson - August 19, 2015 - 07:25
  • China Turned to Risky Devaluation as Export Machine Stalled
  • Falling ruble leaves Russian carmakers with nowhere to turn
  • Minister says economic sabotage being used to attack Malaysia
  • Putin Revives Soviet Deal of Pretend-Work-and-Pay to Hide Crisis
  • Saudi Stocks Sink Into Death Cross as IMF Sees Growth Slowing
  • Slump in Indian corporate earnings set to continue
  • Brazil Stocks Extend Six-Day Slide as Gol Sinks on Economic Woes
  • Brazil’s Political Crisis Puts the Entire Economy on Hold
  • Private sector UK pension deficit reaches 900 billion
  • Abe Aide Says Japan Needs 3.5-Trillion Yen Economic Package
  • Russia May Halt Monetary Easing If Oil at $40, Kremlin Aide Says
  • China's central bank put $93 bln into development banks in July
  • Mexico central bank sells $200 mln in currency auction
  • Chile central bank says external risks could increase peso volatility
  • Singapore bankers rattled by Asian moves to chase undeclared wealth
  • Indonesia Central Bank to Change Dollar Purchase Rules
  • China's yuan slips even as central bank sets firmer midpoint
  • Chinese Stock Indexes Fall Over 6% Despite Central Bank's Cash Injection

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Categories: Economics

Daily Digest 8/18 - IRS Hack More Extensive Than First Reported, The Weight Of The World

Chris Martenson - August 18, 2015 - 07:54
  • Hacking of Tax Returns More Extensive Than First Reported, I.R.S. Says
  • Doomsday clock for global market crash strikes one minute to midnight as central banks lose control
  • The Psychological Driver of Deflation and the Collapse of the Trust Horizon
  • Here’s Why Your Brain Seems Mostly Dormant
  • Neighbors rally against blight near site of April murder in Upper 9th Ward 
  • How The L.A. County Jail's Version Of Democracy Has Changed Life For Inmates
  • Germany Struggles With Too Much Renewable Energy
  • The Weight Of The World

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Categories: Economics

Giftival Celebrates the Heart of the Global Gift Economy

Shareable Magazine - August 18, 2015 - 07:18

After days of fragrant, sun-filled skies, the weather did an about-face and turned stormy on my fourth morning walk through Trastevere in Rome. The black marble square tiles that make up the street paving in this ancient section of the city became slippery with the rain. I wrapped myself in my wool shawl and made a break for the door, trying to avoid slipping and being soaked through and through.

Categories: Economics

Mauldin Makes A Very Basic Error on Shale Oil

Chris Martenson - August 17, 2015 - 12:58

There’s really nothing much more important than knowing where we are in the oil story…but if you follow the hypesters from Wall Street or the technology lovers, you're likely to be misled.  A particularly wrong piece of analysis was recently released by John Mauldin, who has both bought into the hype and loves technology.

He even singled out our friend James Howard Kunstler for being wrong, yet then goes on to be spectacularly wrong himself.

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Categories: Economics

Cotivation Helps Freelancers Succeed Through Mutual Accountability

Shareable Magazine - August 17, 2015 - 07:53

New Cotivation group at Halton Hive in Burlington, Ontario

Categories: Economics

Ex-cons at LA Kitchen Feed the Hungry with Food Waste

Shareable Magazine - August 17, 2015 - 07:16

“Neither food nor people should ever go to waste.”

This is the motto of the LA Kitchen, a project that recovers healthy, local food from the waste stream to feed the hungry and gives unemployed adults—particularly adults exiting prison as well as foster kids aging out of the system—culinary training. The meals they create are distributed to Los Angeles' most vulnerable populations, with a focus on the elderly. 

Categories: Economics

Daily Digest 8/17 - Ignorance In The Information Age, Who Is Leading the Charge in Energy Storage?

Chris Martenson - August 17, 2015 - 07:05
  • What We Don’t Know Will Hurt Us: Ignorance In The Information Age
  • Inside Amazon: Wrestling Big Ideas in a Bruising Workplace
  • A Trail of Evidence Leading to AT&T’s Partnership with the NSA
  • Is the Economy Ready for Higher Interest Rates?
  • Europe shouldn’t worry about migrants. It should worry about creeping fascism
  • In heroin fight, White House will push treatment
  • Who Is Leading the Charge in Energy Storage?
  • Low Oil Prices Pose Threat to Texas Fracking Bonanza

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Categories: Economics

These Former Debt Collectors Decided to Ditch the Industry, Buy Up Medical Debt, and Forgive It

Jerry Ashton and Craig Antico spent decades hounding debtors to pay their bills—until an offshoot of Occupy Wall Street inspired them to find a way to pay struggling people's debts.
Categories: Economics

Daily Digest 8/16 - The Secrets Of Extraordinary Survivors, A September To Remember?

Chris Martenson - August 16, 2015 - 09:20
  • The Secrets Of Extraordinary Survivors
  • Doomsday clock for global market crash strikes one minute to midnight as central banks lose control
  • A September To Remember?
  • AT&T’s “Extreme Willingness to Help” is key to NSA Internet surveillance
  • Computer scientists find mass extinctions can accelerate evolution
  • This Week In Energy: The Growing Threat From China
  • Amid Perilous Mediterranean Crossings, Migrants Find a Relatively Easy Path to Greece

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Categories: Economics

Gretchen Morgenson: Wall Street Really Does Enjoy a Different Set of Rules Than the Rest of Us

Chris Martenson - August 16, 2015 - 07:43

Gretchen Morgenson has earned a Pulitzer-winning career from exposing abuse and conflicts of interest on Wall Street. In this interview, she confirms that there is indeed a second set of rules enjoyed by our elite financial institutions, largely unfettered by the constraints that apply to the rest of us.

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Categories: Economics

Daily Digest 8/15 - Europe In Crisis, Humans Won’t Survive Next Mass Extinction

Chris Martenson - August 15, 2015 - 09:58
  • Europe in crisis: everyone from Putin to ordinary savers is stockpiling gold
  • Dr. McHugh’s Work Says, “This is it!”
  • Senators re-introduce bill with Glass-Steagall protections
  • Locked in Solitary at 14: Adult Jails Isolate Youths Despite Risk
  • Study: Brazil Offshore Subsalt Holds 176 Billion Barrels Of Oil, Gas
  • World without Water: The Dangerous Misuse of Our Most Valuable Resource
  • Humans won’t survive next mass extinction – scientists

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Categories: Economics

Daily Digest 8/14 - Good News Friday: Africa's Year Without Polio, Rain Coming For California?

Chris Martenson - August 14, 2015 - 07:41
  • Precious Metals Offer The Most Profitable Secular Opportunity Today
  • Watch This Firefighter’s Helmetcam Footage and You’ll Understand Why People Call Them Heroes
  • Africa's Year Without Polio
  • Time-Lapse of the 2015 Perseid Meteor Shower
  • Death Penalty In Connecticut Ruled Unconstitutional
  • Is Portable Energy Tech Finally Worthy Of Investment?
  • El Niño May Bring Record Heat, and Rain for California
  • Forget Sports Drinks: Jersey Milk Might Be The Best for Athletes

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Categories: Economics