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Daily Digest 3/5 - Trump's Military Ambition, America's Miserable 21st Century

Chris Martenson - March 5, 2017 - 10:10
  • America's Miserable 21st Century
  • This incredibly cheap house was 3D printed in just 24 hours
  • Trump’s Military Ambition: Raw Power as a Means and an End 
  • U.S. Airport Pat-Downs Are About to Get More Invasive
  • In the US, added wildfires due to carelessness, not just climate change
  • An English Sheep Farmer’s View of Rural America 

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Categories: Economics

Daily Digest 3/4 - Bitcoin Soars To Record Highs, Do Electronic Health Records Breed Burnout?

Chris Martenson - March 4, 2017 - 10:11
  • David Cay Johnston: Trump and Russia, 'He Lies as Easily as You and I Breathe'
  • The Ban, The Wall: Bearing Witness
  • The “Sinister” Side of Central Bank-Issued Digital Currency 
  • Obama and Biden Blast EHR Vendors for Data Blocking
  • Doctors: E-health records raise costs, don’t help patient outcomes
  • Do Electronic Health Records Breed Burnout?
  • Stop! This is NOT like the dot-com bubble... it’s much worse, according to this chart 
  • Good As Gold (Again)? Bitcoin Soars To New Record Highs
  • The Secret Wealth Of The World’s Richest Oil Billionaires
  • Fish under threat from ocean oxygen depletion, finds study

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Categories: Economics

Winning The Great Wealth Transfer

Chris Martenson - March 3, 2017 - 19:59
Executive Summary
  • There are too many claims on real wealth
  • Our currency has a destiny with the dustbin
  • When money dies, real wealth remains
  • How to ensure you're on the winning side of the Great Wealth Transfer

If you have not yet read Part 1: The Coming Great Wealth Transfer, available free to all readers, please click here to read it first.

Financial Repression is really just a stalling tactic designed to slowly take your purchasing power and help bail out an over-indebted system.  It works best when there’s wage inflation to help soften the blows; but there hasn’t been any of that in a long time, so the average household is just being crushed -- a situation easily confirmed in the observed elevated suicide rates, record opioid addiction levels and overdose rates, and ultra-low levels of job satisfaction. 

The main driver of the coming Wealth Transfer is rooted in the concept of too much money. And debt. They’re the same thing, as we have a debt-based money system. That is, our money is created through the issuance of debt.  One begets the other.  So we can track either (preferably both) to understand what’s really happening.

We do this here at Peak Prosperity because we very much want you to be on the right side of the Wealth Transfer.  Our goal is to educate, so that you can make informed decisions about how to best position yourself.  [Fun Fact: the root of ‘educate’ is the word ‘educe’ which means ‘to bring out.’  So for us, ‘educate’ does not mean to hand facts over for later recall, but rather it is a two-way process by which we can together bring out something that was hidden before and share that in common].

So, as we being to dig into the details here, take a moment to revisit our short Crash Course video chapters on money and money creation (at banks and The Fed). With that grounding, we can dive right into the role of money in an economy.

Remember, money and debt have no intrinsic value.  They only have value because we all agree that they do.  Money (and debt) has no intrinsic value beyond what we humans agree it has.  Money is a social agreement. 

A $20 bill has value because you and I agree that it does. Why we agree is because a $20 bill can do something for us. We can walk into a store and buy real things we need with it, therefore it has utility. If we couldn’t walk into a store and do anything with the money, then it would have no value at all.

For example, what do you think would happen if...

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Categories: Economics

The Coming Great Wealth Transfer

Chris Martenson - March 3, 2017 - 19:59

In the past, I've warned about the coming Great Wealth Transfer.  But now we need to talk about it in the present tense, because it’s here.

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Categories: Economics

Off The Cuff: Dying From Debt

Chris Martenson - March 3, 2017 - 10:44

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • The Coming Debt Explosion
    • Really? We're going to try to add more??
  • Pension Time Bomb
    • Going off sooner than most expect
  • The Evil Fed
    • It's policies are at the root of our economic predicament
  • The Revolution Is Brewing
    • Continental Europe will see the next iconoclast elected

The only thing more frightening than the massive overburden of debt weighing on today's economy is the recent trial balloon that we need to add a bunch more in order to spark economic growth. Chris and John slam this wrongheaded thinking, and direct our attention to the damage the effects of already having too much debt is wreaking on our future prospects.

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.

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Categories: Economics

Daily Digest 3/3 - Good News Friday: China Coal Consumption Drops, Are Insects the Future of Food?

Chris Martenson - March 3, 2017 - 10:17
  • Tiny fossils could be oldest evidence of life on Earth
  • Could SpaceX Really Launch People Around the Moon Next Year?
  • From Raising Consciousness to Raising Hell
  • The Wisdom of Nokia's Dumbphone
  • China's coal consumption drops again, boosting its leadership on climate change 
  • Are Insects the Future of Food?

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Categories: Economics

Little Free Library Launches 'Action Book Club' to Inspire Community Service

Shareable Magazine - March 2, 2017 - 12:14
Anyone familiar with Little Free Libraries — the free book exchanges in cities around the world — knows the powerful, transformative impact these little boxes have on communities. They create a sense of shared space, bring people together, and promote literacy. There are now over 50,000 Little Free Libraries in 70 countries.   
Categories: Economics

Daily Digest 3/2 - Utopia Inc., Rebooting the System From Inside The Death Machine

Chris Martenson - March 2, 2017 - 07:20
  • Beyond Trump: Rebooting the System from inside the Death Machine
  • End Of A Golden Age
  • Russian Billionaire Takes 74% Loss on $85 Million Gauguin
  • Fake Risk, Fake Return?
  • The Tyranny Of A Cashless Society Coming?
  • Passions run high as Kentucky Retirement Systems’ pension hole grows
  • Interconnected: Embracing Life In Our Global Society
  • Utopia Inc.
  • The Pentagon is building a ‘self-aware’ killer robot army fueled by social media
  • Energy, Money, and the Destruction of Equilibrium
  • Brillouin Energy Closes $7.75 Million Series B Round
  • Earthjustice: Trump Threatens Drinking Water For One In Three People
  • Five years after Fukushima: What have we learned from nuclear accidents?

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Categories: Economics

Robert Reich: Why Trump’s “America First” Plan Is Pure Fantasy

Trumponomics fails because it ignores the American worker. Here’s what we should do instead.
Categories: Economics

In a Rust Belt Town Where Tuition Is Covered, Economy Begins to Revive

After Kalamazoo, Michigan, offered college tuition for nearly all high school graduates, dropout rates declined and the city’s population began to rebound.
Categories: Economics

Chris and Becca Martenson: The Magic Of Rowe

Chris Martenson - March 1, 2017 - 14:43

The Peak Prosperity annual seminar is just a little over a month away now.

It will be held from April 6-9th, at its traditional location, the bucolic Rowe Conference Center in Rowe, Massachusetts. More information regarding the seminar and how to register can be found by clicking here.

So what exactly happens at these seminars?

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Categories: Economics

A Shareable Explainer: The Circular Economy

Shareable Magazine - March 1, 2017 - 10:45

In 2013, people around the globe bought more than 1.8 billion mobile phones. But now, nearly half of them are most likely in landfills or at homes, sitting there without any use, as their owners upgrade to newer versions. Imagine, however, if these devices went back to the manufacturers once their lifespan came to an end in order to be turned into new mobile phones. How much would that save the manufacturer in terms of raw materials and time? Or what would be the result if these devices didn't have to be replaced because they were easily repairable and upgradable?

Categories: Economics

Daily Digest 3/1 - Pension Costs Crippling Budgets, World Debt to Increase to $44T

Chris Martenson - March 1, 2017 - 08:27
  • Struggling farm economy could worsen state budget woes
  • Without a fix, teacher healthcare fund is empty next year
  • Modesto considers freeze on hiring, promoting as pension costs loom
  • Passions run high as Kentucky Retirement Systems’ pension hole grows
  • The City Deficit Approaches $250 Million! How Can LA’s Mayor Get Anything Short of a Failing Grade?
  • Pension costs still crippling Phoenix budget
  • Number of distressed U.S. retailers at highest level since Great Recession
  • Chicago schools seek immediate halt to 'discriminatory' state funding
  • N.J. pension debt soared to $49B last year
  • European Credit Investors Face Uncertain Future After QE Unwind
  • Bank of Japan publishes bond buying plans to keep yields at 0%
  • A Big Dutch Populist Win May Swell Election Risk on French Bonds
  • Stock investors are seeking protection from Marine Le Pen
  • Africa: World Debt to Increase to U.S.$44 Trillion - S&P

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Categories: Economics

Governor’s Order to Protect State’s Immigrants Is More Than a Moral Choice

Immigrants make up 17 percent of the state’s workforce. If Washington’s undocumented workers were deported, nearly $14.5 billion in economic activity could be lost.
Categories: Economics

Podcast: What Exactly is the Sharing Economy?

Shareable Magazine - February 28, 2017 - 20:40

The concept of sharing isn't too complicated — we all more or less learned what it meant when we were still crawling around in sandboxes. But in this episode of Upstream, we discover that sharing can mean different things to different people. To some, platform applications such as Uber and Taskrabbit are part of what has come to be known as the Sharing Economy. To others, these apps fall under a different title: precarious labor. Or the gig-economy. Or Microwork. 

Categories: Economics

Daily Digest 2/28 - The Death Of A Gold Nation, U.S.-Russian Relations At Worst Since Cold War

Chris Martenson - February 28, 2017 - 07:21
  • Top Russian official: Our relationship with U.S. at lowest point since Cold War
  • Welcome Aboard... But First U.S. Marshals Will Scan Your Retina
  • A Hole In The Head
  • Quest For Nuggets: Heaven's Gate
  • One Shocking Chart On The Death Of A Gold Nation
  • Petrolithium: The Next Big Innovation In Oil Tech
  • The Slow Confiscation Of Everything
  • Sovereignty Under the Stars

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Categories: Economics

Why Nonpartisan PAC EveryLibrary Defends the Future of Libraries

Shareable Magazine - February 27, 2017 - 14:21
Every so often, a measure to support libraries shows up on my local ballot in Santa Cruz, California. Fortunately, people here seem to love libraries, so initiatives that focus on supporting and uplifting them generally pass. But getting an initiative on a ballot is no small feat.  
Categories: Economics

Q&A: Creative Commons CEO Ryan Merkley on New CC Search Feature

Shareable Magazine - February 27, 2017 - 13:08
With more than one billion photos, videos, music files, journal articles, and more, Creative Commons-licensed works form a treasure trove of material not only for creative professionals, but people from all fields. Navigating all those works can be a timesuck though and attributing the author and source of the work is often done incorrectly.  
Categories: Economics

Daily Digest 2/27 - Fiscal Bloodbath Coming Soon, Don't Give Up Your Gold

Chris Martenson - February 27, 2017 - 08:50
  • Giant Fiscal Bloodbath Coming Soon: David Stockman
  • Stockman: "After March 15 Everything Will Grind To A Halt"
  • The Jobs Americans Do 
  • The World’s Most Radical Experiment in Monetary Policy Isn’t Working
  • Republicans’ ‘real-live experiment’ with Kansas’s economy survives a revolt from their own party
  • US Mint Releases New Fort Knox “Audit Documentation”. The First Critical Observations. 
  • Is The Renewable Transition Harming The U.S. Economy?
  • Don't Give Up Your Gold 

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Categories: Economics

Daily Digest 2/25 - Not Nearly Enough Growth To Keep Growing, San Jose Flooding Continues

Chris Martenson - February 25, 2017 - 08:36
  • Not Nearly Enough Growth To Keep Growing
  • In America's heartland, the American Dream is in crisis
  • The Trump-Like Figures Popping Up in Central Europe
  • ‘What kind of a childhood is that?’ Orphaned By America's Opioid Epidemic
  • White House effort to justify travel ban causes growing concern for some intelligence officials
  • Bird flu on the move in Europe and Asia, with poultry and human victims
  • Exxon Facing Historic Reserves Reduction as Slump Persists
  • Dramatic Drone Footage Shows Extent Of San Jose Flooding

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Categories: Economics