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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

Community Foundations as Local Wealth Builders

Shareable Magazine - December 8, 2014 - 12:54

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Categories: Economics

Living Fences

Chris Martenson - December 8, 2014 - 10:51

Durable for generations, living fence protect soil, contain livestock, provide wildlife habitat, and sometimes even provide wood. Learn about this effective use of Osage orange to make growing, living fencing.

http://www.motherearthnews.com/homesteading-and-livestock/living-fences-zmaz10onzraw.aspx#ixzz3LKhfKcgT

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Categories: Economics

Daily Digest 12/8 - Remembering Bhopal, How Technology Could Help Fight Income Inequality

Chris Martenson - December 8, 2014 - 07:20
  • There Has Never Been A Greater Portion Of America Living On Food Stamps
  • Ohio Woman Kicked Off Welfare for Not Reporting She Was In a Coma
  • The unstoppable rise of the global surveillance profiteers
  • How Technology Could Help Fight Income Inequality
  • Putin’s New Deal Spells End to 15 Years of Wage Gains
  • Drowning In Corn
  • Norway’s Oil Decline Accelerating
  • The Worst Industrial Disaster In History 

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Categories: Economics

How to Throw a Holiday Gift Swap

Shareable Magazine - December 8, 2014 - 07:15

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Categories: Economics

Groupmuse: The Social Network for Live Classical Music Performances

Shareable Magazine - December 8, 2014 - 06:51

Article and images cross-posted from Opensource.com.

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Categories: Economics

Birth of a Movement for Healthier and Happier Lives

Shareable Magazine - December 8, 2014 - 06:48

Photo credit: Chaval Brasil / Foter / CC BY-NC-ND.

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Categories: Economics

The Largest Seed Exchange in the World Inspires Change

Shareable Magazine - December 8, 2014 - 04:17

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Categories: Economics

In Praise of Motorbikes

Chris Martenson - December 7, 2014 - 12:52

Vietnam was and is a nation that travels predominantly on two wheels. Uncle Ho's supply chain, consisting of tough human beings propelling supply-laden bicycles, proved equal to the challenge of defeating the US, whose petroleum-powered network of supply lines spanned the globe. Even today, while cars and trucks clog the avenues of Hanoi and Ho Chi Minh City, much of the rest of Vietnam sits astride two wheels.

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Categories: Economics

Daily Digest 12/7 - New G20 Rules, Putin's Stash Of Oil Money Is Shrinking

Chris Martenson - December 7, 2014 - 07:49
  • New G20 Rules: Cyprus-Style Bail-Ins to Hit Depositors and Pensioners
  • Hiring Surge Shows Strength of U.S. Economy as Bears Flee
  • Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades
  • The Police In America Are Becoming Illegitimate
  • Body Cameras Worn by Police Officers Are No ‘Safeguard of Truth,’ Experts Say
  • As Ebola Rages, Poor Planning Thwarts Efforts
  • Putin's Stash Of Oil Money Is Shrinking
  • Energy Firms in Secretive Alliance With Attorneys General

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Categories: Economics

Mike Maloney: The Coming Wealth Transfer

Chris Martenson - December 6, 2014 - 12:34

History may not repeat but it sure does rhyme. Mike Maloney has studied monetary and financial breakdowns  throughout history and concludes that there's nothing new or different happening this time, except its global and far more massive than any other time in history.

Worse, there are echoes of 1911 where a series of diplomatic blunders and national pride and intransigence combined to create the still largely inexplicable start to WW I.  

Chris Martenson: Well it’s global this time, right? This is -- there’s nowhere to hide. (...)  What has happened when we’ve tried to print our way to prosperity before? What has happen? Why has it happened and what have been the consequences always been?

Mike Maloney: Whenever you try to print your way to prosperity it transfers well from the masses to the few. The few being the people running the game and then also the hucksters that are very nimble, the con artists and so on. You see these people get rich during the Weimar Hyperinflation. There were quite a few of these fancy salespeople that got rich; they didn’t stay rich once things stabilized again.

But it creates such a topsy turvy world that the normal person that does not know how to operate under these weird economic conditions cannot possibly keep up with things and wealth is transferred away from those people to the people that are very good at observing what’s going on that second and adjusting to it. But the one thing that I see as a constant throughout history is that gold and silver eventually do an accounting of all this -- the financial -- you know financial finessing that the governments are doing.

And when it does that it -- there is a transfer of wealth to the people that own gold and silver. And so -- it’s very rare moments in history. This does not happen often. But it’s a great opportunity and I’ve just -- you know if you look at gold right now the public’s opinion of gold is quite low because it’s been going down for three years.

But if you look at it in a longer timeframe and I started investing in gold in 2002 and by early 2003 I started investing in silver and if you look at it from the year 2000 it’s still the best performing of the assets. It’s still out performed the Dow and S&P and real estate.

And I will continue, myself, to accumulate on the way down I see this as an opportunity. And if it goes lower than it is right now, you know nobody has a perfect crystal ball. So it may have already put in its lows. But I just accumulate every single month and I will continue doing that because I see that as the only sure thing in this crazy world of currency creation.

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Categories: Economics

Daily Digest 12/6 - Why Poor People Stay Poor, CA Drought Worst in 1,200 Years

Chris Martenson - December 6, 2014 - 07:42
  • Brighter Economy Raises Odds of Action in Congress
  • These Are the Best Jobs Numbers in Months, Maybe Years
  • Why Poor People Stay Poor
  • Why do we cling to beliefs when they’re threatened by facts?
  • The World Cracks Down On The Internet 
  • Power Savings of Smart Meters Prove Slow to Materialize
  • Typhoon Hagupit Makes Landfall, Thrashing Philippines as It Settles In for Days
  • Study: California Drought Worst in 1200 Years

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Categories: Economics

The Environment: Increasing Waste - Crash Course Chapter 24

Chris Martenson - December 5, 2014 - 15:54

Following up on the previous chapter focusing on human-caused resource depletion, the other disheartening part of the story of the environment concerns the things we humans put back into it, and the impact they have on the ecosystems that support all of life -- ours included.

Like the economy, ecosystems are complex systems.  That means that they owe their complexity and order to energy flows and, most importantly, they are inherently unpredictable.  How they will respond to the change by a thousand rapid insults is unknown and literally unknowable.

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Categories: Economics

Daily Digest 12/5 - Putin's Luck Runs Out, Pensions At Risk Of Extinction

Chris Martenson - December 5, 2014 - 06:49
  • U.S. Economy Added 321,000 Jobs in November; Unemployment Rate Is 5.8%
  • A Strategy for Pensions at Risk of Extinction
  • Strong Voice in ‘Fight for 15’ Fast-Food Wage Campaign
  • Too Connected To Jail
  • Oil projects worth more than $150-billion face the axe in 2015 because of plunging prices
  • Putin's Luck Runs Out
  • Eerie quiet at NW fault where 'big one' may shake
  • There Aren't Plenty Of Fish In The Sea

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Categories: Economics

Off the Cuff: Bankers On Edge

Chris Martenson - December 4, 2014 - 16:22

In this week's Off the Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Gold is being driven by speculators in lock-step with the yen
  • So is the S&P 500
  • Why labor pricing power is broken and will stay that way
  • The shale oil Ponzi scheme breaks...and defaults are sure to follow
  • China's economic miracle is about to become a mirage

Charles: And it certainly seems that oil is being used as a weapon. But you know, let's also I would like your view on the idea that the world economy is going into recession. It seems sort of obvious to me. Europe is already either in recession or so stagnant that it is the same as recession. The US is stumbling along with fake growth in terms of households. And then China is rolling over. Japan is going down the sinkhole.

So what will that do to oil if demand really craters like we get another 2008 situation where the financing dries up and people stop borrowing because they are afraid and they stop spending and the whole thing that causes recession. I think that is going to have a potentially huge impact on oil and it would hurt everybody that is producing oil the Saudis included. They may be talking bravely, but I believe that their production costs have risen considerably because they have had to run hundreds of miles of pipe and they are injecting carbon dioxide and sea water and stuff into their wells to keep their production up.

Chris Martenson: The old days of Saudi Arabia sticking a straw in the ground and pulling oil out at a dollar or two a barrel those are long gone because if you have ever seen they have a rack of four pipes that stretch, I forget, 100 miles or something going from the ocean to one of their fields. And each one of those pipes is about the diameter of a large room. They are like 14 feet in diameter they are extraordinarily huge. There is four of them and they are just pumping seawater and they are injecting that down into the field at a variety of points. So yea, that's expensive. And worse the rate of inflation in the mining business has been roughly around 10% for the last 10 years. That means that your costs are going to completely double every seven years when you've got 10% inflation. So that is what the mining industry and particularly the petroleum has been putting up with.

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Categories: Economics

Winter Garden Tips

Chris Martenson - December 4, 2014 - 15:31

Great tips on what to plant in fall and winter and how to make the most of your garden in the winter.

http://www.groworganic.com/organic-gardening/videos/winter-garden-tips

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Categories: Economics

Daily Digest 12/4 - Major Deltas 'Could Be Drowned', Peak Natural Gas

Chris Martenson - December 4, 2014 - 07:35
  • Citigroup Panicked Over Fraud at Chinese Ports: Mercuria
  • Eurosystem Increasing Allocated Official Gold Reserves
  • Gold Selling for at least 50% over Spot in Asia-Rob Kirby
  • CDC: Flu shot less effective this year because current flu virus has mutated
  • House on Brink of Spending Deal to Avoid Another Government Shutdown
  • US natural gas production could peak in 2020
  • The Carlton Complex Fire: A Harvest of Ashes
  • Major deltas 'could be drowned'

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Categories: Economics

The Central Banks Have Lost

Chris Martenson - December 3, 2014 - 16:09
Executive Summary
  • What is 'deflation?'
  • Why do central banks fear it so much?
  • What falling prices really mean.
  • Commodities are telling us that a global slowdown is already here.
  • China's economic miracle is over.
  • What happens next (please keep your preparations on track!)

If you have not yet read Oil And The Global Slowdown available free to all readers, please click here to read it first.

The title of this part says it all. So let's begin with an important definition. What is 'deflation'?

To hear the media and central banks tell it, it is something fearful and that must be avoided at all costs. Confusingly they then point to falling prices as evidence of the horror of which they speak.

The only problem is that you and I like falling prices. If my health insurance cost 10% less next year I’d be thrilled. But the central banks would be horrified.

The difference between these two positions lies in the definition of deflation. While the media always blindly regurgitates the central bank line that falling prices are an indication of deflation they really shouldn't.

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Categories: Economics

Oil And The Global Slowdown

Chris Martenson - December 3, 2014 - 16:08

The world economy is slowing down and the authorities are fretting. 

Japan, Italy, Greece and Austria are all in recession.  China is slowing down according to their official statistics, and even more according to the whispers. 

Germany, France and the Netherlands are all at stall speed. 

The US is, according to the BLS, doing just great at nearly 4% growth, but you wouldn't know that from either the quality of the few jobs being created (which is low) or consumer spending (also low). 

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Categories: Economics