- Was Orlando Shooter Really Acting for ISIS? For ISIS, It’s All the Same
- "Why We Need To Beat Russia"
- Who's Really The Fascist?
- Capitalism Requires World War
- EU referendum live: Gordon Brown delivers his EU speech
- Oil Is Up 80% … And It’s Just Beginning
- L.A. Fights To Become Greenest City In The U.S.
- Flooding in Paris: Exceptional Weather or the New Normal?
This week, Chris interviews Time Magazine assistant managing editor and economic columnist Rana Foroohar about the findings within her new book Makers and Takers: The Rise of Finance and the Fall of American Business.
Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned — and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate all American businesses, putting us on a collision course for another cataclysmic meltdown.
- How a summer of shocks threatens to bring mayhem to the markets
- China Tries to Redistribute Education to the Poor, Igniting Class Conflict
- The Land Below Zero: Where Negative Interest Rates Are Normal
- While Young Britons Favor Staying in E.U., They Aren’t Big on Voting
- The Surprising Problem With U.S. Manufacturing: It's Creating Too Many Jobs
- Some people may live with surprisingly small brains
- Is $100 oil on the horizon?
- Why the Oil Price Rally Might Falter
Daily Digest 6/11 - America's Gas Stations Are Running Out Of Time, Cultivating A Resilient Attitude
- China Wants to Build a Deep Sea 'Space Station'
- Why This Time is Completely, Utterly, Totally Different...Like the Difference between a Hurricane and an Ice Age
- Ron Paul: Eventually the world will lose confidence in the dollar
- America's Gas Stations Are Running Out Of Time
- US coal production drops to levels not seen since a 1980s miners’ strike
- Light Pollution Masks the Milky Way for a Third of the World’s Population
- Cultivating A Resilient Attitude
- In a Landmark Development for Animal Welfare, Egg Producers Will End Chick Culling
When an asset rises by almost 30% in a few weeks, it tends to attract attention. Recently, that asset was bitcoin (BTC). The price of BTC in dollars rose from $454 on May 23 to $590 on June 6th.
When an asset doubles in a matter of months, it tends to attract attention. The cryptocurrency Ether (part of the Ethereum platform) doubled from around $7 in April to roughly $14 in early June.
Are these cryptocurrencies mere fads? Or are they potentially game-changing alternatives to the conventional currencies such as the U.S. dollar, Chinese RMB, Japanese yen or European Union euro?
- How will increasing capital controls around the world affect demand for cryptocurrencies?
- The big banks and corporations are embracing the blockchain. Will that make it harder to ban cryptocurrencies?
- With far less than 1% of the population holding cryptocurrencies, how large is the remaining updside?
- What the future may hold for bitcoin and its digital brethren
If you have not yet read An Everyman's Guide To Understanding Cryptocurrencies, available free to all readers, please click here to read it first.
In Part 1, we sketched a brief overview of cryptocurrencies and their potential role as a means of transferring and thus preserving capital from depreciating currencies in destabilized economies to more secure currencies/assets elsewhere in the world.The Rise of Capital Controls Fuels the Use of Cryptocurrencies
As governments actively devalue their currencies (thereby making everyone using the currency poorer), their citizenry with financial capital are forced to seek ways to move their at-risk wealth into other currencies or assets.
China is a prime example of this trend. As the U.S. dollar has soared 20+%, China’s currency has strengthened along with the USD due to the yuan being pegged to the USD. In response, China must devalue its currency to maintain the global competitiveness of its export sector.
Faced with a massive loss of purchasing power, China’s wealthy class has moved their wealth and their families out of China. This flood of capital has pushed up housing prices in favored markets such as Vancouver B.C. and west coast cities in the U.S.
The sums being transferred abroad are non-trivial. Estimates range into the trillions of dollars. Many observers see the rise of capital controls as...
Daily Digest 6/10 - Good News Friday: Man Lives Without Heart, Experiment 'Turns Waste CO2 To Stone'
- Man Lives For Over A Year Without Heart
- McDonald's: you can sneer, but it's the glue that holds communities together
- This Vermont newspaper is having an essay contest. The prize? This Vermont newspaper
- CFPB Takes Aim at Payday Loan Debt Traps
- Arctic tern makes longest ever migration – equal to flying twice around the planet
- Tesla Announces Newer, Cheaper Model S Cars
- Experiment 'turns waste CO2 to stone'
In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- The B.S. Spewed By The BLS
- The birth-death model outputs have become a huge joke
- It's Getting So Bad They Have To Lie
- We're getting more fake stats to try to hide reality
- Dirty Politics
- From the US primaries to the Brexit, dirty tricks are the norm
- Crony Corporatism
- How the government is enabling companies to gouge consumers
"When it becomes serious, you have to lie"
~ Jean Claude Juncker, former head of the EU
Statistics that can not possibly be believed by anyone looking at the actual evidence. Election results that in no way match the exit polls. Yet, somehow, the outcomes tend to overwhelmingly favor those on the side of maintaining the status quo.
We are at the point in this global journey where it's getting harder and harder for those in power to hide the weakness, injustice and rot within the system. So, like Juncker, they're resorting to more and more lies, more deception, more backroom swindling to maintain the facade that everything is working fine.
In this week's Off The Cuff, Chris and Mish use recent economic statistics and the elections in the US and the EU to show just how desperate the lies are becoming. Which is an important sign that we're getting close to the point when..
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.
It's undeniable that major sharing economy services are changing the landscape of many cities around world. Governments are scrambling for regulatory solutions to address how these platforms impact their communities, but it's been a thorny process. This is due to the fact that the sharing economy creates a range of winners and losers, all of whom have a great stake in how these services are organized and regulated.
A wonderful list of solar water heater ideas and installations. Time to start thinking about using the power of the sun to heat your water and save on energy costs.
- Layoffs in aisle 4! Retailers are big job killers
- Millions of sensitive services exposed on the internet reveal most hackable countries
- The Money Cult
- Nearly Half of D.C. Employers Said They Have Laid Off Workers, Reduced Hours Due to Minimum Wage Hikes
- Don't Jump Into MLPs With Tepper Just Yet
- Jobs Report Changes the Landscape for Gold
- U.S. Economy Priced in Gold
- London appetite for gold bars, coins rises on Brexit nerves
- Something Big That Always Happens Right Before The Official Start Of A Recession Has Just Happened
- San Francisco Is Bracing for Life After This Tech Bubble
- Brexit camp threatens legal action over EU vote extension
- After 350,000 Layoffs Oil Companies Now Face Worker Shortages
- Fowl Advice: Keep Chickens if you want a better life, billionaire Bill Gates tells poor people
- Puerto Rico Insurers Seek Talks to Avert Next Major Bond Default
- Gov. Rauner calls some Chicago schools ‘crumbling prisons
- Chicago Water District sells bonds as pensions cost it AAA grade
- China Forex Reserves Shrink, Renewing Capital-Flight Concerns
- Puerto Rico's air ambulance company ends service over debt
- China's massive piling-on of debt is reminiscent of the lead-up to the GFC
- NZ's half-trillion-dollar debt bomb
- Germany reaches negative rate milestone
- Asia Bond Yields Hit Record Lows as Nomura Says Tide to Turn
- Draghi Smashes Corporate Yields to 1% Before a Bond Is Bought
A growing movement that combines open source design with sustainability is creating an exciting alternative to profit-driven, proprietary sustainability products. As we face urgent issues like climate change, the ability of open source communities to quickly and inexpensively create solutions makes increasing sense.
In an effort to spread a love of libraries and the joys of reading, one Los Angeles librarian is taking books to the streets with a Book Bike.
From her three-wheeled bike, which carries 250 pounds of books, Ednita Kelly has given away over 5,000 free books. The library project is a way for her to encourage kids to read and to connect the job she loves with her community.
"I believe in the magic of libraries and what we bring to people,” she told ABC 7 News. “I really wanted to show that off in a fun way.”
We at Shareable have gone to great lengths to find exceptional talent to help carry out our mission. After months of searching, we’re happy to announce that our efforts have been richly rewarded with the additions of Maira Sutton and Joslyn Beile to our staff. Not only are they incredibly talented professionals, they also embody our values as people.
"Locally there are lots of nice, tidy, quarter-of-a-million-dollar investments sitting there that the large companies will not do because their overhead is too high. So one of my themes is look in your own backyard -- focus on fiscally-conservative, sound investments and focus on local employment. You will be surprised at the opportunity that just leaps out at you."
So says Francis Koster, author of the new books Rescuing Your Local Economy and Rescuing School Kids who specializes in identifying community investment opportunities that offer attractive returns for the capital provider as well as long-term benefits for the local residents.
In this podcast, Francis highlights a number of the case studies he's collected at his website, The Optimistic Futurist, where motivated individuals have improved their local schools, roads, food, water supply, etc. while earning double-digit returns. These models can be adopted in nearly any community, which is the purpose behind Francis' work.
- Why Britain Is Edging Toward ‘Brexit’
- ‘Please don’t leave us alone’: A TLS symposium
- How Kids Learn Resilience
- The Logic of Paper Money, Debt, and Gold
- Do We Need The State?
- More Young Adults Are Living With Their Parents
- The Great Barrier Reef: a catastrophe laid bare
- A Rare Look Inside the Svalbard Global Seed Vault
In a recent essay, Frances Moore Lappé, author of Diet for a Small Planet and co-founder of Food First, the Institute for Food and Development Policy, and the Small Planet Institute, argues that the primary obstacle to sustainable food security is an economic model and tho
- China's Debt Load Is (Much) Higher Than Previously Thought, Goldman Says
- Switzerland's voters reject basic income plan
- Why the Economic Payoff From Technology Is So Elusive
- Happy Sunday, Welcome To Rikers
- The Ethical Quandary of Self-Driving Cars
- Advanced-to-Revolutionary Space Technology Options – The Responsibly Imaginable
- Why OPEC’s Inaction Didn’t Harm Oil Markets
- The Mushroom Farmer Versus Drug-Resistant Superbugs