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Economics

Ocean Acidification: An Ecological Nightmare

Chris Martenson - April 13, 2015 - 18:10

The oceans are facing numerous difficulties including pollution (especially from farm run off), over-fishing, and dragnet methods that ruin innumerable other things besides the targeted catch -- but all of that pales in comparison to the problem of ocean acidification.

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Categories: Economics

Science of Sharing Exhibit Explores Cooperation, Collaboration

Shareable Magazine - April 13, 2015 - 15:48

On Pier 15 in San Francisco, inside the famed participatory museum the Exploratorium, a large flat screen displays two bright circles—one red, and one blue. Inside each circle are rapidly increasing numbers; at the bottom of the screen is a timer, counting down. In front of the screen, at four podiums, total strangers frantically press either a blue or a red button, attempting, it seems, to up the count of that color. What are they doing?

A placard between the podiums explains:

Categories: Economics

New Zealand Family Shares a Tiny-Home Castle on Wheels

Shareable Magazine - April 13, 2015 - 14:45

The truck unfolds into a spacious three-level home. (Daily Megabyte)

They say a person's home is his castle. But what about their truck? New Zealanders Jola and Justin have done the seemingly impossible, building a road-ready house truck that transforms into a high-ceilinged abode with full kitchen, roof deck, and—yes—a pair of turrets.

Categories: Economics

Alternative Fishing Methods

Chris Martenson - April 13, 2015 - 14:03

When you are in a survival situation, knowing how to fish can get you a great source of high-energy protein quickly and easily. But let’s say you are in a survival situation and don’t have any fishing gear such as tackle, line, or hooks. What then?

Knowing a few basic techniques for catching fish without gear can be the difference between going hungry and staying alive.

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Categories: Economics

Gardening in a Drought

Chris Martenson - April 13, 2015 - 12:57

An interesting gardening technique for drought prone areas from people who deal with extended droughts and dry conditions.

http://thesurvivalmom.com/gardening-in-a-drought/

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Categories: Economics

How to Host a Seed Swap

Shareable Magazine - April 13, 2015 - 07:56

Seed swaps are great ways to learn about local seeds, build community around seed sharing, and show support for the Save Seed Sharing movement. Designed for gardening newbies and master gardeners alike, they provide people an opportunity to get seeds from other local growers and share seeds from their own harvest.

Categories: Economics

Daily Digest 4/13 - Corruption ‘Isn’t Just the Cost of Doing Business’, More Oil Moves By Rail

Chris Martenson - April 13, 2015 - 06:35
  • Corruption ‘Isn’t Just the Cost of Doing Business’
  • Working, but Needing Public Assistance Anyway
  • Common mistakes while bugging out
  • Nutritional Science Isn’t Very Scientific
  • Investing in You: Group urges student loan 'debt strike'
  • Bank Deposits No Longer Guaranteed By Austrian Government
  • More oil moves by rail, and it moves here
  • Six Vintage Pictures of Farmers Planting

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Categories: Economics

John Michael Greer: The God Of Technological Progress May Well Be Dead

Chris Martenson - April 12, 2015 - 11:49

As we often state here at Peak Prosperity, the narratives we hold are immensely important. The stories running our heads influence everything from our beliefs to our values to our actions.

Which is why it's so dangerous when a society clings onto a narrative that is no longer serving it well, a narrative divorced from reality.

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Categories: Economics

Daily Digest 4/11 - Middle Class But Feeling Economically Insecure, More Than Honey

Chris Martenson - April 11, 2015 - 08:24
  • Middle Class, but Feeling Economically Insecure
  • Why Brazil's megadrought is a Wall Street failure
  • Stingray spying: FBI's secret deal with police hides phone dragnet from courts
  • Cops and Robbers
  • CA suspends millions of licenses, issues huge fines for minor violations that keep people in poverty
  • Borderlands Food Bank: Cutting Food Waste At The Border
  • New Sea Drilling Rule Planned, 5 Years After BP Oil Spill
  • More Than Honey

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Categories: Economics

Off the Cuff: That Sinking Feeling...

Chris Martenson - April 10, 2015 - 13:24

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

  • The Police State
    • Too much evidence to ignore
  • How Low Can Interest Rates Go?
    • Looking for the limits to NIRP
  • That Sinking Feeling....
    • Why the next economic bust is going to be just horrible
  • Oil
    • What the heck is going on in that market?

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Categories: Economics

Daily Digest 4/10 - The Renegades of Junk, Who Will Control The World's Water?

Chris Martenson - April 10, 2015 - 07:25
  • How Wall Street captured Washington’s effort to rein in banks
  • Renegades of Junk: The Rise and Fall of the Drexel Empire
  • OID, SSJID defy federal fish flows
  • Canadians can now pay their rent by credit card — and millennials love it
  • Louisiana Bans Cash Transactions on Used Goods
  • Gold, Greece, The Death Of Paper Money And The Modern State
  • French media groups to hold emergency meeting after Isis cyber-attack
  • Who Will Control The World’s Water: Governments Or Corporations?

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Categories: Economics

What If Uber Were a Unionized, Worker-Owned Co-Op? These Denver Cabbies Are Making It Happen

Workers at app-driven companies like Uber don’t have the rights of full employees. But with the help of traditional unions, some are banding together into worker-owned cooperatives.
Categories: Economics

The Fatal Flaw Of Centrally-Issued Money

Chris Martenson - April 9, 2015 - 11:03

Centrally issued money centralizes wealth and generates systemic inequality. This is equally true of all centrally issued currencies.  But the inequity that is intrinsic to this system is politically and financially destabilizing, and so this system is unsustainable.

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Categories: Economics

The Future of Money

Chris Martenson - April 9, 2015 - 11:02
Executive Summary
  • Money functions as a store of value and a means of exchange, but it's possible to have 2 forms (or more) of money simultaneously serving as each
  • Having complementary forms of money can provide more resilience to a monetary system - history has a number of examples of this
  • A key success factor of such systems is that the forms of money are NOT issues and controlled by the State
  • Which new forms of money will arise when the current State fiat money regimes fail

If you have not yet read Part 1: The Fatal Flaw Of Centrally-Issued Money available free to all readers, please click here to read it first.

Separating Money’s Two Functions

Money has two basic functions: it is a store of value (that is, it holds its purchasing power long after you obtain it in trade for goods and services) and it is a means of exchange: there has to be enough in circulation to grease the exchange of goods and services.

Though we are accustomed to one form of money playing both of these roles, there is no reason why each function can’t be served by separate kinds of money—that is, one for exchange and one as a store of value.

This is precisely what we find in the historical record, where bills of exchange, letters of credit (in essence, credit money), paper chits from retailers and other ephemeral means of exchange greased trade while gold and silver or other scarce materials served as stores of value.

As anthropologist David Graeber established in his book Debt: The First 5,000 Years, money arose not from barter—the usual assumption—but from the rise of credit-based exchange and debt recorded on clay tablets, notched sticks or parchment.

In Graeber’s view, the key feature of money used for exchange is that it always has an end buyer.  The intrinsically worthless chit issued by a retailer can serve as money through dozens of transactions because everyone trusts that the issuer—the retailer—will accept the chit as being worth an established amount of goods, i.e. purchasing power.

If Joe’s Market issues a chit that can be traded for a can of beans, you and I can exchange that chit as payment of debt or purchase of some other good or service because we know we can always exchange the chit for a can of beans.  The chit serves as money.

When gold and silver were scarce in...

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Categories: Economics

Daily Digest 4/9 - Costs Of Easy Fed Now And Later, A Megacity Runs Dry

Chris Martenson - April 9, 2015 - 08:07
  • The Burden Of Denial
  • We’re Going to Step On a Mine before End of 2015-James Turk
  • Michael Lewis: 'I knew Flash Boys would be a bombshell'
  • Disruptive Stock Watcher Chris Berry Cautions Investors About the Real Potential of Deflation
  • How Chicago has used financial engineering to paper over its massive budget gap
  • Obama Adviser During Recession Is Given New Challenge: Climate Change
  • Dire costs of easy Fed now and later: Jim Grant
  • Top 12 Media Myths On Oil Prices
  • Saudi 'to borrow to finance soaring deficit', says report
  • Saudi Arabia crude output at record high in March
  • A Megacity Runs Dry
  • Fukushima disaster radiation detected off Canada's coast

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Categories: Economics

Daily Digest 4/8 - Massive Pension Liabilities Loom, China's Stocks Resume Rally

Chris Martenson - April 8, 2015 - 08:03
  • Massive Public Pension Liabilities Loom in Jacksonville
  • France to challenge 2016-17 EU structural budget target
  • Emanuel Leads Garcia in Polls as Chicago Veers Toward Insolvency
  • U.S. Government Bonds Weaken as New Note Sales Loom
  • ECB Hits March Bond Purchase Target
  • Spain Government Beats Italy to Borrow at Below-Zero Rate
  • Germany Owes $303 Billion War Debt, Greek Parliament Told
  • Overdue Greek Tax Debt Rose to 75.732 bln Euros in February
  • China’s Cloud Live Defaults on Local Debt
  • 1,837 La. bridges deemed structurally deficient
  • Medical costs in South Korea soar as difficulties of an aging society loom
  • One Quarter of Major Companies Unable to Pay Interest
  • No Fed rate hike needed until second half of 2016: Kocherlakota
  • China's stocks resume rally to seven-year high on stimulus bets

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Categories: Economics

10 Steps to a Healthier Community through Social Marketing

Shareable Magazine - April 8, 2015 - 08:01

Community-based social marketing (CBSM) encourages individuals to make life changes that are good for them and their community. Rather than trying to get people to buy cereal or a car, social marketers encourage them to do things like share more, reduce food waste, or stop smoking.

Categories: Economics

The New Me (Round 2)

Chris Martenson - April 8, 2015 - 06:52

Our longtime readers likely remember Chris' recount of his health transformation back in 2011, in which he trimmed off over 30 pounds through a process of prudent changes to his lifestyle.

I've gone through a similar transformation as Chris and have been meaning to share that story for a while now.

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Categories: Economics

Vertical Gardening Tips

Chris Martenson - April 7, 2015 - 15:58

A bunch of handy tips and methods of growing vertically to get the most out our your growing space and select crops.

http://www.motherearthnews.com/organic-gardening/vertical-gardening-zmaz89jazsto.aspx

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Categories: Economics