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Europe's Next Energy Crisis Is Now Assured

Chris Martenson - November 10, 2014 - 20:25

Today, Russia inked a second blockbuster deal with China that will starve Europe for natural gas in just a few short years. It's now increasingly clear that 2018 will mark the beginning of the end for any hopes Europe had of returning to robust economic growth.

It was by far the biggest news of the day. While it did make headlines, you might have missed it because not much was made of the affair beyond the announcement.  The story came and went as if Russia has oodles of natural gas (NG) to send to China.

It doesn't. And the supplies it has now contracted to send to China will be pulled from supplies that currently go to Europe.

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Categories: Economics

Daily Digest 11/10 - 2015 Recession Likely, The Rise Of Invisible Unemployment

Chris Martenson - November 10, 2014 - 09:21
  • Predictors of ’29 Crash See 65% Chance of 2015 Recession
  • Catalans vote in symbolic referendum on independence in defiance of Madrid
  • The Rise Of Invisible Unemployment
  • It’s all over: Bitcoin miner maker HashFast to auction remaining assets
  • "If You Like Your Internet"... Obama Calls For Regulation To Keep "Internet Open"
  • New particle accelerator technology gets high speeds in short distances
  • Global Debt Growth Kept Oil Prices High And Delayed The Bakken “Red Queen”
  • Climate Tools Seek to Bend Nature’s Path

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Categories: Economics

8 Inspiring Documentaries Exploring the Sharing Movement

Shareable Magazine - November 10, 2014 - 08:06

Shapes of Exchange in the Solidarity Economy is just one of many short films you can view as part of Solidarity NYC's Portraits of the Solidarity Economy video series.

Categories: Economics

Interviewed: David de Ugarte on Peer-to-peer Production

Shareable Magazine - November 10, 2014 - 07:01

This is a version of the interview cross-posted from OuiShare. Written by Albert Cañigueral. Translated by Steve Herrick.

Categories: Economics

How to Use the Media for Social Change

Shareable Magazine - November 10, 2014 - 06:59

By Shayna Samuels and Glenn Turner, co-founders of Ripple Strategies, a PR & Cause Marketing Agency based in Boulder, Colorado.

Categories: Economics

John Hussman: The Stock Market Is Overvalued By 100%

Chris Martenson - November 8, 2014 - 13:04

John Hussman is highly respected for his prodigious use of data and adherence to what it tells him about the state of the financial markets. His regular weekly market commentary is widely regarded as one of the best-researched, best-articulated publications available to money managers.

John's public appearances are rare, so we're especially grateful he made time to speak with us yesterday about the precarious state in which he sees global markets. Based on historical norms and averages, he calculates that the ZIRP and QE policies of the Fed and other world central banks have led to an overvaluation in the stock market where prices are 2 times higher than they should be.

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Categories: Economics

John Hussman Podcast - Part 2

Chris Martenson - November 8, 2014 - 13:03

The second part of our interview with John Hussman is available here for Peak Prosperity's enrolled members.

If you've not yet listened to Part 1, click here to do so.

In Part 2 of the interview, John provides more specificity around his valuation methodology, and how he sees things playing out from here in the financial markets. 

To access Part 2 of this podcast, simply click the yellow button to enroll.

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Categories: Economics

Daily Digest 11/8 - Finding The Money To Save Detroit, Trading Oil For Coal

Chris Martenson - November 8, 2014 - 09:55
  • Ex-USSR leader Gorbachev: World on brink of new Cold War
  • Democrats Say Economic Message Was Lacking
  • Finding $816 Million, and Fast, to Save Detroit
  • The Green Monster
  • Silver And Powerful Forces
  • Trading Oil For Coal
  • Electricity grows on trees thanks to the eTree
  • Meet the Queen Bees Building Buzz for the Honey Industry

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Categories: Economics

Peak Cheap Oil - Crash Course Chapter 20

Chris Martenson - November 7, 2014 - 15:31

Energy is the lifeblood of any economy.  But when an economy is based on an exponential debt-based money system and that is based on exponentially increasing energy supplies, the supply of that energy therefore deserves our very highest attention.

What’s clearly at work here is that we’re finding more oil, but it’s expensive. Yet total global demand for oil will climb as developing countries expand their economies and world population continues to grow. Competition for hydrocarbons will become more fierce than it has ever been.

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Categories: Economics

Adventure Medical Kits - Special Offer

Chris Martenson - November 7, 2014 - 14:41

We are pleased to announce that PrepareDirect is offering members a special discount of 5% off on Adventure Medical Kits.

Adventure Medical Kits and accessories are very high quality with proven combinations of reliable components. These kits are designed by medical professionals with extensive experience in dealing with medical emergencies and trauma in the wilderness and during other disasters an emergency preparedness planner might encounter.

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Categories: Economics

What to Keep in Your First-Aid Kit

Chris Martenson - November 7, 2014 - 14:07

In an emergency, a properly stocked first-aid kit can often mean the difference between stopping a situation from escalating before it gets out of control and winding up with a life-threatening incident on your hands.

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Categories: Economics

Daily Digest 11/7 - JPMorgan Chase's Worst Nightmare, Jobs Data Show Steady Gains

Chris Martenson - November 7, 2014 - 07:11
  • The great financial crisis: The guilty men
  • Gold Daily and Silver Weekly Charts - Pity the Swiss
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare
  • Ron Paul: Watch Out When People Start To Distrust Our Money
  • Jobs Data Show Steady Gains Even as Voters Signal Anxiety
  • Scotland’s Wind Energy Production In October Enough To Power Every Home
  • French 'mess' threatens real civil strife
  • Landmark 20-Year Study Finds Pesticides Cause Depression In Farmers

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Categories: Economics

Off the Cuff: The Importance Of Global Capital Flows

Chris Martenson - November 6, 2014 - 18:56

In this week's Off the Cuff podcast, Chris and Brian Pretti discuss:

  • Japan's Halloween Massacre
    • The most glaring sign yet that the central banks are desperate
  • Capital Flows Are King Right Now
    • The reason we have record-high markets despite crummy fundamentals
  • Musical Chairs
    • Every (market) player has fun until the music stops
  • Throwing The Bums Out
    • As our lifestyles contract, we vote out the incumbents

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Categories: Economics

Chris & Adam Present in Mexico City

Chris Martenson - November 6, 2014 - 17:54

Chris and I will be presenting in Mexico City for two days, Nov 22-23, at the Expo Educacion Financiera 2014, along with a number of other notable speakers.

Those in the area and interest can learn more about the Expo here:

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Categories: Economics

How To Keep Your Home Warmer For Under $2

Chris Martenson - November 6, 2014 - 15:03

A simple inexpensive project that can help keep your home warmer in the winter and reduce your heating costs.

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Categories: Economics

Bikes! Co-Ops! Voyages of Self-Discovery! This Project Brings Together Everything You Love

This article originally appeared at the Field Guide to a Regenerative Economy.

In the summers of 2012 and 2013 a group of college students and recent grads bicycled across America. They visited cooperatives, honed their own cooperative skills, re-imagined the country they were about to inherit, and, along the way, discovered themselves. Here is their story.

In the 2012 U.N.-declared “International Year of Cooperatives,” a collective of college students created a project called Co-Cycle. They were 12 friends who wanted to experience the nation that they were to inherit. They wanted to spend the summer traveling across the United States and they wanted to do it by bicycle. What were they looking for? Cooperatives.

They visited over 60 cooperative businesses and learned about the co-ops’ structures, struggles, and strengths.

In rural, urban, conservative, and progressive communities, the Co-Cycle riders visited food co-ops, credit unions, worker-owned factories, electric co-ops, producer farming co-ops … the list goes on.

They biked through cities, suburbs, and towns, through grazing fields, cornfields, and oilfields, over mountains, rivers, and streams. They visited more than 60 cooperative businesses and learned about the co-ops’ structures, struggles, and strengths. As a working collective themselves, they applied that knowledge to face their own challenges in organizing and living democratically. Many of the riders have said that the biking was the easiest part and that working through the emotional struggles with the clarity, love, and dignity required to function as a cooperative was the greater challenge.

Two of the founding members, Megan Meo and Katie Coupe, were inspired to form Co-Cycle while on a long bike ride in western Massachusetts. They happened upon a sweet little food co-op and had a wonderful time learning about the community there and the workings of the co-op. They decided it was so wonderful, in fact, that they wanted to bike across the whole country doing just that: learning about democratic business models and about the people and places that uphold them.

Co-Cycle became an endorsed project of the United Nations’ International Year of Cooperatives. Co-Cycle worked with the National Cooperative Business Association and the U.S. Federation of Worker Cooperatives to turn the students’ vision into a reality.

As more friends signed on, the collective gained momentum and organizing power. Over the next 10 months, the students fundraised, created a brand, developed marketing materials, organized co-op visits and events, and planned out the basic route. When they arrived in San Francisco at the beginning of the summer, it was the first time many of them had met, but together they set off on an incredible journey—not yet quite understanding just how together in living, working, organizing, and learning they would be over the next three months.

On June 1, 2012, the 12 cyclists left San Francisco to begin a 4,100 mile journey to Amherst, Massachusetts. They were accompanied by a 3-person film crew led by Emma Thatcher, a student at New York University and a close friend of one of the organizers. The cyclists’ journey was documented by this student and was released as a full-length documentary, To the Moon, released in 2014. [You can view clips from "To the Moon," the first above, and also here.]

Working through the emotional struggles with the clarity, love, and dignity required to function as a cooperative was the greater challenge than biking.

Deeply inspired by the cooperatives they visited, the people they'd met, and the country they'd seen with new eyes, five of the students decided to keep Co-Cycle living on for at least one more year. After putting out a plug for applications, they invited seven more riders to join the collective and complete another cross-country tour visiting cooperatives in 2013. The seven riders were all women and current college students or recent college graduates. They biked from Seattle, Washington, to Boston, Massachusetts, and visited many of the same towns, people, and cooperatives as the summer before, but every experience was new. Although they followed a similar route, in joining the collective these women created their own Co-Cycle.

Many members of the Co-Cycle collective have since gone on to do work for more regenerative communities and a more democratic economy. They all hold the values and inspiration gained from our summer deep within their persons, and these will guide them along their life journeys.

Hendrix Berry wrote this article for Field Guide to Investing in a Regenerative Economy, where it originally appeared. The Field Guide, a project of the Capital Institute, is a growing body of work that now includes more than 20 graphically and digitally enhanced stories of exemplary sustainable businesses on its website. Hendrix was a Co-Cyclist on the 2013 tour.

Read more:

Categories: Economics

Daily Digest 11/6 - SF Housing Market At Critical Mass, Genetically Modified Escalation

Chris Martenson - November 6, 2014 - 07:42
  • Living with roommates, parents way up in Philadelphia area
  • New York's Two Sandys
  • Critical Mass for San Fran Housing Market
  • Inside San Francisco's Housing Crisis
  • Gold, Economic Theory and Reality: A Conversation with Alan Greenspan
  • Marc Faber on Japan Bonds, Economy, Gold and Oil
  • U.S. Petroleum Supply Update – Latest EIA Numbers
  • Genetically modified escalation

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Categories: Economics

Central Planners Are In A State of Panic

Chris Martenson - November 6, 2014 - 05:36

Everything the central planners have tried has failed to bring widespread prosperity and has instead concentrated it dangerously at the top.   Whether by coincidence or conspiracy, every possible escape hatch for 99.5% of the people has been welded shut.  We are all captives in a dysfunctional system of money, run by a few for the few, and it is headed for complete disaster.

To understand why, in all its terrible and fascinating glory, we need look no further than Japan.

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Categories: Economics

What Will Happen When Japan Breaks

Chris Martenson - November 6, 2014 - 05:36
Executive Summary
  • The data that proves Japan is a ticking time bomb
  • Why the yen may still fall a lot further from here
  • How Japan's contagion can threaten world markets (and yes, the US)
  • Why the contagion is now underway, and what you should do about it

If you have not yet read Central Planners Are In A State of Panic available free to all readers, please click here to read it first.

Japan, By The Numbers

I completely understand why the Japanese authorities are freaking out and taking enormous risks.  It's because they have no good choices left.  More fundamentally (and worse) they are in charge of a system that is destined to fail.

Exponential money systems have to eventually fail because all paper money is just a marker for real wealth, it is not real wealth itself, and therefore ever-increasing exponential paper claims being stacked up  against a world of real wealth that is growing much less quickly (and someday reversing entirely) is a mathematical formula for a monetary accident.

But it's quite bizarre that Japan, of all places, cannot see through to this math predicament given their very publicly and often discussed demographic decline.

Having peaked at 128 million in 2005, Japan now has 127 million inhabitants and is on its way to 90 million by 2050, and 45 million by ~2100.


This means that..

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Categories: Economics

Dispatches from the 2nd Global #MapJam

Shareable Magazine - November 5, 2014 - 12:59

Stockholm #MapJam - DelaEko

Categories: Economics