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Daily Digest 6/1 - The Greatest Financial Bubble in History, China Vows To Stand By Paris Agreement

Chris Martenson - June 1, 2017 - 06:07
  • The Greatest Financial Bubble in History
  • Mylan shareholders revolt, say directors’ greed has gone too far
  • Invest In Yourself
  • Kafka In Vegas
  • Saudi Prince Mohammed Meets With Putin To Discuss Oil, Syria
  • How Rising Seas Drowned the Flood Insurance Program
  • You're Not Imagining It: Your Allergies Really Are Worse This Year
  • As Trump Wavers on Climate Pact, China Vows to Stand by It

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Categories: Economics

Couple Builds Community Cupboard in One of Winnipeg's Poorest Neighborhoods

Shareable Magazine - May 31, 2017 - 10:16

The idea behind the community cupboard is straightforward: If you have food or other items you want to share, put it in the cupboard, and if you need anything, just take it. Kelly Hughes and Andrea Vaile opened an outdoor cupboard in front of their house in Winnipeg's Centennial neighborhood at the beginning of June. "It seemed like something that had to be done, and we were here, so why not do it?" says Hughes, the project's cofounder.

Categories: Economics

Daily Digest 5/31 - Saudi Reserves Dip Below $500B, Brood Awakening

Chris Martenson - May 31, 2017 - 07:51
  • State lawmakers consider Brown’s gamble on pension money
  • Hartford looking to state to help prevent bankruptcy
  • Illinois House full of action but no budget choice debate
  • Saudi reserves dip below $500 billion
  • Why India's Zombie Debt Imperils Modi's Plans: QuickTake Q&A
  • German Inflation Slows More Than Forecast as ECB Meeting Nears
  • The challenges in setting up a California single-payer system are daunting — but not insurmountable
  • Brood Awakening: 17-Year Cicadas Emerge 4 Years Early

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Categories: Economics

Podcast: How Employee Ownership Can be Advantageous for Your Business

Shareable Magazine - May 31, 2017 - 00:09

In this episode of Next Economy Now, Shawn Berry, partner and worker-owner at LIFT Economy, interviews Blake Jones, co-founder and president of Namaste Solar, a 100 percent employee-owned solar electric company based in Colorado. He began his career working as a civil engineer in the oil and gas industry. He then spent time in Nepal implementing solar, wind, hydro, and electric vehicle technologies.

Categories: Economics

Why Ride-Hailing App Juno's Acquisition Points to a Need for Platform Co-ops

Shareable Magazine - May 30, 2017 - 16:17

The New York City based ride-hailing app Juno was widely marketed as a different type of platform — one that values its drivers. The company went as far as to say that it would give equity to its drivers. However, in an unexpected turn of events, Juno announced in April that it was being acquired by ride-hailing platform Gett for $200 million.

Categories: Economics

Renowned Urban Planning Professor Julian Agyeman Joins Shareable's Advisory Board

Shareable Magazine - May 30, 2017 - 08:42

We're thrilled to welcome Julian Agyeman, professor of Urban and Environmental Policy and Planning at Tufts University in Medford, Massachusetts, to Shareable’s advisory board. Please read more about Agyeman's prolific and impactful work in sustainability and environmental justice below.

Categories: Economics

Daily Digest 5/30 - The Truth About Glass-Steagall, The Dangers Of Living Without Purpose

Chris Martenson - May 30, 2017 - 08:07
  • MARK YUSKO: 'The U.S. is going to have a crash and it will be massive'
  • The Dangerous Approach of Living Without Purpose
  • State Dept. lifts limit on refugee admissions
  • What Congress can learn from Kansas’s failed tax experiment
  • The Truth About Glass-Steagall
  • State appeals court rules Exxon must give records to NY prosecutor
  • Is This Saudi Arabia’s Newest Strategy To Boost Oil Prices?
  • Great Barrier Reef can no longer be saved, Australian experts concede

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Categories: Economics

Lance Roberts: This Market Is Like A Tanker Of Gasoline

Chris Martenson - May 30, 2017 - 00:09

Lance Roberts, chief investment strategist of Clarity Financial and chief editor of Real Investment Advice has authored a number of impressive recent reports identifying potential failure points in today's financial markets. 

In this week's podcast, Lance explains how the massive flood of investment capital into passively-managed ETFs, along with record amounts of margin debt, have the potential to set the markets afire.

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Categories: Economics

Daily Digest 5/29 - The Great War For Eurasia, Why Are Women Dropping Out Of The Workforce?

Chris Martenson - May 29, 2017 - 09:16
  • Keep Calm And Carry On
  • Why are so many women dropping out of the workforce?
  • The 3rd wave of WIKI-the half empty cup
  • The Great U.S. Energy Debt Wall: It’s Going To Get Very Ugly
  • The Great War For Eurasia
  • Donald Trump’s Base Is Shrinking
  • Russian Energy Minister: Deeper Cuts Still On The Table
  • A flight over Hong Kong's secret farms

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Categories: Economics

Daily Digest 5/27 - Mile Markers on the Road to Ruin, Food Stamps And Health

Chris Martenson - May 27, 2017 - 07:27
  • Deaths from Alzheimer’s disease in the US have risen by 55%, says CDC
  • The Beleaguered Tenants of ‘Kushnerville’
  • Selected Articles: A Corrupted View of Reality in the Western Media 
  • How a remote California tribe set out to save its river and stop a suicide epidemic
  • The Messy Relationship Between Food Stamps and Health
  • Mile Markers on the Road to Ruin
  • Farming the World: China’s Epic Race to Avoid a Food Crisis
  • Trump Delays Decision on Paris Climate Accords

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Categories: Economics

Understanding The Fed's Endgame Is Key To Protecting Your Wealth

Chris Martenson - May 26, 2017 - 20:52
Executive Summary
  • Why the Fed's rate hikes are not actual "hikes"
  • The new debt issuance directly or indirectly enabled by the Fed is staggeringly large
  • Why the Fed's intervention in the financial markets is creating worrisome instability
  • As the risks mount, what should the concerned investor do?

If you have not yet read Part 1: The Federal Reserve Is Destroying America available free to all readers, please click here to read it first.

When Is A Rate Hike Not A Rate Hike?

The Fed keeps talking about raising interest rates, but they really aren’t doing any such thing.  In fact they are doing the opposite.

I know that’s a controversial statement, so let me explain.  The point of a ‘rate hike’ is not to make the cost of money (interest rates) go up, but to drain excess money from the system.  That’s why a rate hike cycle is called a ‘tightening’ cycle; because it is making the amount of money available for lending to shrink, or for conditions to become tighter.  The same as if you don’t have quite enough money at the end of the month, things are tight. 

This means that the interest rate is the derivative, and the amount of money is the main driver.  You don’t set interest rates, you control the amount of money in the system, and the interest rates follow along.  They are the result, not the cause.

Or at least that’s how it used to be.  But not any longer.

In the past, when the Fed ‘hiked rates’ what it actually did was drain money from the system.   Money out = interest rates up.

Now when the Fed hikes rates it removes zero money in the system, and this is why a rate hike is not actually a rate hike at all, but the opposite because it leaves 100% of the money in the system but raises the amount that banks and other financial institutions can charge you for new loans and outstanding credit.

How did we get to this ‘upside down world’ where a rate hike increases money? 

To understand let’s be sure we are clear on...

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Categories: Economics

The Federal Reserve Is Destroying America

Chris Martenson - May 26, 2017 - 20:50

The Federal Reserve is destroying America. 

It might have good intentions, but it's working with bad models. Ones that lead to truly horrible outcomes.

One of the chief failings of central banks is that they are slaves to an impossible idea; the notion that humans are free to pursue perpetual exponential economic growth on a finite planet. 

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Categories: Economics

Daily Digest 5/26 - Good News Friday: Manchester Rallies With Kindness, The Future Of Fish

Chris Martenson - May 26, 2017 - 09:20
  • 'Look for the helpers' – Manchester rallies round with acts of kindness
  • Not-so-high anxiety: States move fast to protect pot industry
  • Supreme Court Rejects 2 Congressional Districts In North Carolina
  • Alabama governor signs law giving thousands of felons their right to vote back
  • Boost Your Retirement Savings
  • Europe Joins Race For Cheaper Batteries With New Gigafactory
  • The Future of Fish Is Farmed

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Categories: Economics

Off The Cuff: Buy The @%&^ Dip!

Chris Martenson - May 25, 2017 - 14:20

In this week's Off The Cuff podcast, Chris and Mike "Mish" Shedlock discuss:

  • Fake, Fictitious Markets
    • None of today's prices is justified by the underlying data
  • Death By Drowning
    • Too much liquidity is killing our markets
  • Housing Bubble Trouble?
    • Prices now declining in the San Francisco Bay Area
  • Buy The @%&^ Dip!
    • What will happen when this universal strategy no longer works?

After last week's brief re-emergence of volatility in the financial markets, the world's various sovereign plunge protection teams have been hard at work flooding liquidity into the system to push prices back up. Losses will not be tolerated!

And so the "Buy the dip!" crowd is victorious once again. This strategy, mindless as it is, has worked extremely well over the past 6 years -- due to an ever-present influx of 'thin air' $billions supplied by the central banks. But for many reasons, that mindless approach can't -- and won't -- continue forever. And likely not for much longer.

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

Podcast: Pia Mancini 'No Shame! Towards a Cooperative Economy'

Shareable Magazine - May 25, 2017 - 10:27

Playing for Team Human today is Pia Mancini, a visionary democracy activist who co-founded the Net Party in Argentina and DemocracyOS. Mancini joins Douglas Rushkoff to talk about her new project Open Collective.

Categories: Economics

Daily Digest 5/25 - America's Public Pension Crisis, Rise of Crypto Currency Means USD Rejection

Chris Martenson - May 25, 2017 - 06:25
  • Rise of Crypto Currency Means Rejection of US Dollar - Rob Kirby
  • Six Terrifying Graphs That Summarize America's Public Pension Crisis
  • American Small Business Owner Rages At Politicians: "Quit Your Job And Try The Real World"
  • GOP Obamacare Repeal Effort Hits Latest Obstacle With CBO Score
  • Look Who's Buying Gold Now
  • Saudi Finance Minister: “I Wouldn't Care If The Oil Price Is Zero"
  • Monsanto’s Round Up and Aluminum Now Linked to Autism, Alzheimers, Gut Dysbiosis and Pineal Gland Calcification
  • Climate Change Is Turning Antarctica Green

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Categories: Economics

Daily Digest 5/24 - CA Single Payer Proposal Could Run $400B, LA Budget "A Train Wreck"

Chris Martenson - May 24, 2017 - 09:41
  • Tab For Single-Payer Proposal In California Could Run $400 Billion
  • Lawmaker says Chavez's childhood home set aflame (Venezuela)
  • LA’s Budget: A Train Wreck
  • Chicago school board to consider up to $500 million more long-term borrowing
  • Puerto Rico pension, highway agency join government in bankruptcy
  • Kentucky Needs $700 Million More Per Year for Pension Debt
  • Top credit agency fears Sydney is a bubble that could burst
  • The day China’s version of the Lehman crisis explodes
  • Canada Must Deflate Its Housing Bubble

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Categories: Economics

Trump’s Budget Is Full of Contempt—and Numbers That Don’t Add Up

Trillions of imaginary dollars run throughout the budget. Never mind “fake news.” This is fake government.
Categories: Economics

Global Sharing Week 2017 Puts Social Impact in the Spotlight

Shareable Magazine - May 23, 2017 - 10:25

It's nearly that time of year again when Global Sharing Week, the largest mass engagement campaign on the sharing economy co-organized by The People Who Share and Shareable, turns the spotlight on just what sharing can achieve. 

Categories: Economics

Daily Digest 5/23 - Sea Level Rise 'Accelerating,' Adverse Childhood Experiences Trigger Addiction

Chris Martenson - May 23, 2017 - 08:58
  • Even Harley-Davidson Can’t Resist the Tug of Overseas Factories
  • Addiction doc says: It’s not the drugs. It’s the ACEs – adverse childhood experiences
  • An Underground College For Undocumented Immigrants
  • Pew Research
  • Shale Oil & Gas Production Costs Spiral Higher As Monstrous Decline Rates Eat Into Cash Flows
  • The 5 Possible Outcomes Of The OPEC Meeting
  • My Electric Bike is Not ‘Cheating.’ And It Could Replace Cars for Millions of People
  • New sea level estimates show strong, recent acceleration

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Categories: Economics