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How to Ice Fish Like a Professional

Chris Martenson - December 11, 2014 - 16:02

Ice fishing has come a long way since its origins with Native Americans in the great lakes. It’s moved from a basic line in the water to people building fully stocked ice houses around the hole.

Ice fishing is a great recreational activity, but it can also be a great way to bring food to the table during the winter time. In a survival situation, ice fishing can provide an essential meal when there are no plants to scavenge. Here are some basic tips on ice fishing.

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Categories: Economics

60 Words

Chris Martenson - December 11, 2014 - 13:27

In this one hour podcast, the Radio Lab team pull apart and explore one sentence, written in the hours after September 11th, 2001, that has led to the longest war in U.S. history. They examine how just 60 words of legal language have blurred the line between war and peace. It will also give you a bit more insight into the adoption and use of the torture techniques and programs discussed in today's Off the Cuff podcast with Chris and Mish. 

Enjoy the big red pill.

http://www.radiolab.org/story/60-words/

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Categories: Economics

Off the Cuff: The Buck Stops Nowhere

Chris Martenson - December 11, 2014 - 11:27

In this week's Off the Cuff podcast, Chris and Mish Shedlock discuss:

  • Zig-Zag Markets
    • More evidence the long term trend is reversing
  • When Will Oil Find A Floor?
    • And where will the collateral damage of the current drop be most felt?
  • US Admits To Torture
    • Are we going to hold anyone accountable?
  • Gold Shows A Slight Glitter Again
    • Dare we begin to hope?

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Categories: Economics

Daily Digest 12/11 - Rigging Justice, U.S. Has OPEC Over a Barrel

Chris Martenson - December 11, 2014 - 07:56
  • "Isolated" Russia Begins Testing De-Dollarization-Driven Payment System
  • Russia’s Proposed Interbank System Threatens Global Economy
  • 36 Presidents of Private Colleges Earn More Than $1 Million
  • Safe Haven Colombia: Peace, Pyramids, Parrots and Profits
  • Why Belarus wants to bring ‘serfdom’ back
  • Rigging Justice: More Tales of the New Oligarchy and the Supreme Court 
  • Insider Trading Prosecutions Just Got Harder as Court Raises Bar
  • Big Banks Will Take Depositors Money In Next Crash: Ellen Brown
  • Watch out, the US taxman may be after you
  • $60 oil will be norm for next 5 years: Economist
  • U.S. Has OPEC Over a Barrel
  • MIT creates graphite ‘solar sponge’ that converts sunlight into steam with 85% efficiency
  • In world first, researchers convert sunlight to electricity with over 40 percent efficiency
  • Historic leap: Navy shipboard laser operates in Persian Gulf
  • New form of ice could help explore exciting avenues for energy production and storage

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Categories: Economics

Daily Digest 12/11 - Rigging Justice, U.S. Has OPEC Over a Barrel

Chris Martenson - December 11, 2014 - 07:56
  • "Isolated" Russia Begins Testing De-Dollarization-Driven Payment System
  • Russia’s Proposed Interbank System Threatens Global Economy
  • 36 Presidents of Private Colleges Earn More Than $1 Million
  • Safe Haven Colombia: Peace, Pyramids, Parrots and Profits
  • Why Belarus wants to bring ‘serfdom’ back
  • Rigging Justice: More Tales of the New Oligarchy and the Supreme Court 
  • Insider Trading Prosecutions Just Got Harder as Court Raises Bar
  • Big Banks Will Take Depositors Money In Next Crash: Ellen Brown
  • Watch out, the US taxman may be after you
  • $60 oil will be norm for next 5 years: Economist
  • U.S. Has OPEC Over a Barrel
  • MIT creates graphite ‘solar sponge’ that converts sunlight into steam with 85% efficiency
  • In world first, researchers convert sunlight to electricity with over 40 percent efficiency
  • Historic leap: Navy shipboard laser operates in Persian Gulf
  • New form of ice could help explore exciting avenues for energy production and storage

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Categories: Economics

The New Economy Comes of Age: 7 Steps Toward Shared Prosperity

Photo by Shutterstock.

In June, I attended an event in Boston that signaled to me that the concept of the New Economy—and the grassroots movement behind it—had come of age.

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The event was the conference of the New Economy Coalition. The halls were full of students, cooperative leaders from the deep south, climate justice activists from Native reservations, labor leaders, and others identifying with the New Economy.

Folks who had been at conferences such as this for years were also there—farmers, Main Street business owners, sustainability entrepreneurs, and big thinkers. But suddenly the movement felt bigger. A diverse set of communities is coming together in a shared recognition that our economic structures are the root cause of many different crises.

The New Economy Working Group, based at the Institute for Policy Studies, formed just six years ago. The group was one of the first to adopt the term “New Economy” to describe an economy that supports ecological balance, shared prosperity, and deep democracy. Now, many individuals and organizations are using that term.

I have been struck that even as the New Economy movement diversifies, its advocates are converging regarding the actions to take, including:

  • Place ownership in the hands of real people, not globalized corporations;
  • Localize control of food, energy, land, housing, retail;
  • Advance cooperative enterprises where workers share in profits and decision-making;
  • Shift from fossil fuels to renewables and from destructive to regenerative agriculture;
  • Expand credit unions, community banks, and public banks so that finance benefits communities rather than Wall Street;
  • Reform trade rules to reduce the power of global corporations and enable local economies to flourish;
  • Adopt a worldview that we humans are part of the ecosystem and our economy must work with nature rather than against it.

The ideas are not new. Some are ancient. Many have been advocated for years in places deeply affected by poverty, pollution, and racism. What's changed is that so many communities are coming together under a common umbrella, forming new alliances and lifting up new messengers.

The ideas are not new. Some are ancient.

For example, at a recent Praxis Peace Institute conference Michael Peck, who advocates union-cooperative alliances, told of a group of East African taxi drivers in Denver. The Communications Workers of America helped them form a taxi cooperative so they didn't have to work for an out-of-state company. The result? They increased their incomes, benefits, and well-being.

Many leaders are pointing out ways the New Economy movement can collaborate with the racial-justice movement, as Anand Jahi did in “My Cousin Was Shot Dead by a Police Officer: Here’s What it Means for the New Economy.”

As those identifying with the New Economy expand, the movement gains power. And a wider embrace brings the danger of cooptation. Corporations will be happy to put on a New Economy gloss. One already doing so is HBSC, which tags itself “The World’s Local Bank.”

To continue to grow its power and avoid cooptation, the New Economy movement must keep broadening its communities while maintaining its principles. Of special importance will be the principle that ownership of enterprises must be in the hands of real people who directly bear the consequences of their decisions, not in distant computerized markets. If the movement holds fast to its key ideas, its growing embrace can create what is truly a New Economy.

Fran Korten wrote this article for Cities Are Now, the Winter 2015 issue of YES! Magazine. Fran is publisher of YES! Magazine.

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Categories: Economics

9 Household Uses For Beer

Chris Martenson - December 10, 2014 - 12:38

A fun infographic on how you can use beer in unusual ways around the home and in the garden.

http://www.huffingtonpost.com/2014/12/03/how-to-use-extra-beer_n_6250944.html

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Categories: Economics

Predicting the Future of Carsharing

Shareable Magazine - December 10, 2014 - 09:16

Carsharing continues to expand in major cities around the globe. (Gayot.com)

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Categories: Economics

Deflation Is Winning

Chris Martenson - December 10, 2014 - 07:21

Remember in the early part of the last decade, long before he was appointed the Chairman of the Federal Reserve, Ben Bernanke penned an article that caught widespread public attention entitled, “Deflation: It Can’t Happen Here” ?

Bernanke was referring to the deflationary pressures Japan had been dealing with for more than a decade. In the article, Bernanke laid out a game plan for how the Fed would respond if the US ever faced deflationary pressures. His miracle antidote for battling deflation? Printing money. Lots of it.

Little did anyone know at the time that this game plan would become the Fed’s exact response to the credit market crisis and deflationary impulse that erupted in 2008 and 2009.

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Categories: Economics

What Deflation Means For Investors

Chris Martenson - December 10, 2014 - 07:21
Executive Summary
  • The 3 reasons why deflation will continue to haunt the global economy
  • The importance of cash flows in a deflationary environment
  • Understanding the deflationary reasons behind the recent drop in oil prices and the material implications this will have going forward

If you have not yet read Part 1: Deflation Is Winning available free to all readers, please click here to read it first.

So an very important question remains despite the trillions in new currency printed around the world in the past few years: Why are deflationary pressures still present?

  1. The debt overhang from the prior cycle has not vanished by a long shot. In fact today there is significantly more debt outstanding globally than was the case at the highs of 2007, primarily driven by global government borrowings.  The following chart is total US credit market debt relative to GDP.  You can see that very little has been reconciled since the peak.  By the way,

Data Source:  US Federal Reserve       

Additional global debt assumption means additional interest cost burdens, even under an environment of interest rate suppression.  And that means...

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Categories: Economics

Daily Digest 12/10 - Stimulus to Accelerate in 2015, How Much Is $18 Trillion?

Chris Martenson - December 10, 2014 - 06:54
  • Think Central Banks Are Done? Stimulus to Accelerate in 2015
  • SNB Threatening Negative Rate Awaits Draghi’s Next Move
  • Yay! Longer Yellow Traffic Light Phases Now Required by Caltrans
  • Tent cities rise amid affordable housing shortage in Silicon Valley
  • Most of ECB Council backed idea of QE last week, Makuch says
  • Venezuela GDP shrank 4.2 pct through third quarter, opposition says
  • IMF warns Ukraine bailout at risk of collapse
  • No Escape From Pension Math in Pennsylvania
  • National Debt: How Much is $18 Trillion?
  • Beware of 2015 health insurance individual mandate penalty
  • Job health insurance costs rising faster than wages
  • 2015 to be toughest year since recession: Minton Beddoes
  • Russia’s economy to contract 0.7% in 2015: World Bank
  • Greece’s stock market just suffered its worst collapse ever
  • Portland-area water rates rising as pipes break, infrastructure costs mount

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Categories: Economics

What Makes Cities Good for Freelancers?

Shareable Magazine - December 10, 2014 - 01:32

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Categories: Economics

Vermicomposting with Worm Towers

Chris Martenson - December 9, 2014 - 16:40

Learn about using worm towers to produce nutrient rich compost and worm castings directly in your garden beds.

http://www.urbanfarmonline.com/blogs/garden-in-front/vermicomposting-with-worm-towers.aspx

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Categories: Economics

Graphic: Convince Your Relatives to Ditch Amazon and Go Local This Holiday Season

Every Christmas, my grandmother, a retired journalist and voracious reader of murder-mystery novels, used to send my parents money to buy each of my eight siblings and me a gift. The stipulation was: It had to be a book.

It’s worth the extra time and effort to shop at local and independent stores.

Our “grandma book” gift tradition continues and, now, includes my three in-laws, and five nieces and nephews. The task of fulfilling seventeen book requests often falls to my dad.

Normally the great, Grinch-y grumbler this time of year, he brags that, thanks to Amazon, this is one Christmas to-do he can complete without having to leave house.

Well, this year, I’m asking my dad to do things differently, and shop locally. And luckily, the Institute for Local Self Reliance published the handy infographic below to help me explain why it’s worth the extra time and effort to shop at local and independent stores this holiday season.

Infographic by Advocates for Independent Business. Published courtesy of the Institute for Self-Reliance.


Mary Hansen wrote this article for YES! Magazine, a national, nonprofit media organization that fuses powerful ideas and practical actions. Mary has a hard time staying in one place, but is known to write, edit, and be a die-hard Steelers fan. She is an online reporting intern for YES!

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Categories: Economics

6 Winter Tricks That Keep Livestock Water From Freezing

Chris Martenson - December 9, 2014 - 11:16

A great exploration of the many ways to keep fresh water available for livestock in the winter.

http://www.offthegridnews.com/2014/12/08/6-winter-tricks-that-keep-livestock-water-from-freezing/

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Categories: Economics

Bike Friday Kickstarts New Family-friendly Cargo Bike

Shareable Magazine - December 9, 2014 - 10:02

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Categories: Economics

Why Cities Can (and Should) Lead the Sustainable Consumption Movement

Shareable Magazine - December 9, 2014 - 07:41

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Categories: Economics

Daily Digest 12/9 - The Mother Of All Bank Runs, The Chinese Century

Chris Martenson - December 9, 2014 - 07:37
  • NIRP Arrives In The US: TBTF Banks Tell Customers To Move Their Cash Or Be Charged Fees
  • What I’m Reading: The Divide, Matt Taibbi
  • The Mother Of All Bank Runs
  • The Chinese Century
  • Oil Falls to 5-Year Low, and Energy Companies Start to Retrench
  • Ten Reasons Why A Sustained Drop In Oil Prices Could Be Catastrophic
  • BP's oil spill settlement appeal rejected by U.S. Supreme Court
  • Louisiana’s Moon Shot

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Categories: Economics

The Oil Shock Has Arrived

Chris Martenson - December 8, 2014 - 18:59

The absolutely stunning drop in oil prices, which hit a new recent low, is really important to both track and understand.

There are two issues here, one near term and one long.

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Categories: Economics

New Report: Unlocking the UK Sharing Economy

Shareable Magazine - December 8, 2014 - 14:26

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Categories: Economics