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Hell To Pay

Chris Martenson - September 23, 2016 - 14:23

Those familiar with my writing know I put the word “markets” in quotes because we no longer have a financial system where legitimate price discovery is a regular -- or even recognizable -- feature.

It's destined to fail. What more can be said about such a flawed system?

Well, a lot as it turns out. 

And failure to pay attention at this stage of economic and ecological history will prove to be exceptionally painful.

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Categories: Economics

Prepare For The Global Deflationary Deluge

Chris Martenson - September 23, 2016 - 14:23
Executive Summary
  • Why the debt market is the powder keg that will blow things sky-high
  • The most dangerous asset bubbles to watch and avoid
  • The implications of a collapse in the bond market
  • Where will money then go?

If you have not yet read Part 1: Hell To Pay available free to all readers, please click here to read it first.

Economic Deformations

The big problem with central bank policies, besides driving the largest wealth and income gaps in all of recorded history, is that they’ve massively deformed the financial and economic landscape. 

Too-cheap money has distorted just about everything, and has badly warped corporate incentives. There’s literally no place one can look and not find an economic or financial distortion.  “Gains” (such as they are) have gone to holders of financial assets, and corporations have opted to buy back their own shares and to not re-invest in property, plant, equipment or people. 

All of this will work right up until the day it doesn’t. And then we'll experience a financial and economic crisis likely to be the largest we ever live through.

And these distortions are not only everywhere, but they are all at record levels.  As in never higher in human history. 

Just looking at the corporate data alone ought to scare the pants of off every investor on the planet. As the chart below makes clear...

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Categories: Economics

Daily Digest 9/23 - Good News Friday: 44 Hours Of Saturn, Paris Agreement "Closer To Reality"

Chris Martenson - September 23, 2016 - 07:26
  • 44 Hours Of Saturn
  • The Pros and Cons of Living in an Income-Sharing Commune
  • Man who lived as a goat and Swedish fly collector among those honored at Ig Nobel science awards
  • The Paris Agreement Is One Step Closer To Reality 
  • Meet the Fruit: Aronia, a “Superfood” Native to the American Midwest
  • Gardening as a Kid Indicates that You’ll Eat Fruits and Veggies as a College Student

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Categories: Economics

Daily Digest 9/22 - The Three Stages of Empire, UN Fears The Third Leg Of Financial Crisis

Chris Martenson - September 22, 2016 - 06:12
  • UN fears third leg of the global financial crisis - with prospect of epic debt defaults 
  • Dallas Police Pension On Verge Of Collapse As Record Number Of Cops Seek Full Withdrawals
  • Jim Rogers: ‘Central Banks Are Losing Their Power…Thank Goodness'
  • Canadian Mint employee accused of smuggling $180K of gold in his rectum
  • Moscow says attempts to accuse Russia of aid convoy attack are 'outrageous'
  • The Three Stages of Empire
  • Has Real Estate Hit Its Peak?
  • Long Term Consequences Of The Oil Price Crash
  • Bayer-Monsanto deal 'danger for our food': French chefs

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Categories: Economics

The Other Housing Crisis: Finding a Home in Rural America

Thirty percent of rural Americans have substandard housing—and it’s expensive. But these communities are finding ways to give low-income residents homes of their own.
Categories: Economics

A Strategy to Stop the Funding Behind the Dakota Access Pipeline

A key pipeline loan is still pending, and banks can be vulnerable to public pressure. We can fight alongside the Standing Rock Sioux at any one of 38 banks.
Categories: Economics

Off The Cuff: Making Sense Of The FOMC Decision

Chris Martenson - September 21, 2016 - 20:33

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • Fed In A Box
    • At this point, stalling is Yellen's only option
  • Boneheaded BOJ
    • Now trying to undue the damage of its recent NIRP policies
  • Blind To Bubbles
    • Central banks are unwilling to admit they're the cause of the problem, not the solution
  • Bad Policies
    • Capitalism is getting destroyed (and a bad rap) by central banks run amok

In the wake of the closely-watched announcements by the BOJ and the Federal Reserve, Chris and Axel sit down in this meaty discussion to pick through the particulars of what this week's announcement mean. In a world where everything hangs on the decisions of an elite few central banks, this is one of the more important podcasts we've released in a while.

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Categories: Economics

Photo Essay: Community Gardens Change Lives

Shareable Magazine - September 21, 2016 - 17:41

Community gardens and urban agriculture projects are a powerful way for people to connect with others for healthy, enriching experiences in their neighborhoods. We've long covered people changing their community with the power of gardening, so we invited our readers to share their photos and stories about their community gardening experiences. Some of the organizations we've written about have also generously contributed new images from their gardens.

Categories: Economics

Daily Digest 9/21 - U.S. Building Up To Pension Crisis, Chinese Debt "Above Danger Zone"

Chris Martenson - September 21, 2016 - 06:10
  • RETIREMENT CRISIS: Millions have NO IDEA how they will pay bills in old age
  • CalPERS forecasts funding gap could grow to $9.2 bln in 15 years
  • US building up to pension crisis
  • Gulf budget deficits to peak this year
  • Monte dei Paschi's shares, bonds hit by worries on emergency plan
  • Nigeria Plans N4.72 Trillion Stimulus for Troubled Economy
  • Is China Building a Road to Ruin?
  • Deutsche Bank Goes to Crisis-Era Well
  • Chinese debt "three time above danger zone"
  • The big question of Kenya's piling debt
  • Comptroller: NY student loan debt hits $82B
  • New Report Outlines Higher Education’s $2.7 Billion ‘Debt Bomb’
  • Debt and Death Bind Chicago as Emanuel Seeks to Bolster Cops
  • China's first debt-to-equity swap plan approved
  • China Risks $375 Billion of Shadow Banking Losses, CLSA Says
  • Buyers keep faith in Chinese province seen as test of debt tolerance
  • Canadian household debt bigger than national output
  • ECB corporate bond buying hits record pace
  • Markets Have Become More Dependent on Central Banks, Says BIS
  • Calstrs to Miss 7.5% Return Goal for Third Straight Year
  • German savings banks expect 500 mln euro hit from negative ECB rates -sources

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Categories: Economics

Want National Security? Dismantle the War Machine

A military response to violence creates more violence. For real security, we need to stop climate change and work toward shared prosperity.
Categories: Economics

New Report Highlights Fast Growth of Participatory Budgeting

Shareable Magazine - September 20, 2016 - 07:57

Photo credit: Participatory Budgeting Project

In 2014, Shareable profiled 15 participatory budgeting (PB) projects that put financial decision making into the hands of communities. At the time, there were an estimated 1,500 PB programs around the world. In the two years since, PB has skyrocketed in popularity with an estimated 3,000 projects worldwide.

Categories: Economics

Daily Digest 9/20 - Bitcoin Is Money, China Facing Full-Blown Banking Crisis

Chris Martenson - September 20, 2016 - 05:42
  • Bitcoin is money, U.S. judge says in case tied to JPMorgan hack
  • China Facing Full-blown Banking Crisis, World’s Top Financial Watchdog Warns
  • That $100,000 Painting Bought to Flip Is Now Worth About $20,000
  • How I Rewired My Brain To Become Fluent In Math
  • General Motors pledges 100% renewable power for its facilities by 2050
  • Report: We Only Have Until 2035 to Get Rid of Gasoline Engines
  • U.S. Signals Backing for Self-Driving Cars
  • Can Solar-Powered Floating Art Save California From Drought?

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Categories: Economics

Q&A: EU Sharing Economy Opinion Author Benedetta Brighenti

Shareable Magazine - September 20, 2016 - 03:36

European Commission building, Brussels. (Andrew Gustar / Flickr)

Realizing that the sharing phenomenon is changing how citizens live, the European Union has begun to address the sharing economy's regulatory challenges at the multi-national level.

Categories: Economics

Advising My Laid-Off Mom About Freelance Work

The economy has changed from many single-track, steady careers into workers who thrive on one-off gigs and “projects.” But when you’re over 60 and overqualified, how do you find a job?
Categories: Economics

New Report on Inclusive Sharing Economy Falls Short

Shareable Magazine - September 19, 2016 - 16:36

This month, Business for Social Responsibility (BSR), a nonprofit membership organization that promotes social responsibility in business, released a report outlining how sharing economy companies can achieve, “a more meaningful uptake of collaborative marketplaces among lower-income and underserved populations.” The report recognizes the potential of the sharing economy to increase access to goods and services and help people earn and save money.

Categories: Economics

Off The Cuff: Boomers vs Millennials

Chris Martenson - September 19, 2016 - 10:38

In this week's Off The Cuff podcast, Chris and Becca Martenson discuss:

  • Boomers Have Everything To Lose
    • They cling to status quo to deliver promises made in the past
  • Millennials See Nothing To Gain
    • The future they're being asked to inherit appears bereft of value
  • Bridging The Generation Gap
    • How to replace strife with support
  • The Importance Of Mentoring
    • An age-old model need perhaps more now than ever

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Categories: Economics

Daily Digest 9/19 - The Economics Of Obamacare, Get Your Children Good and Dirty

Chris Martenson - September 19, 2016 - 06:55
  • New York Faces High Security as Authorities Search for Bombing Suspect
  • The Chaos of the Manhattan Explosion, Captured by Cameras
  • From the Obscure to the Everyday, These Objects Tell the Story
  • The Assets Of Trump And Their Mysterious Origins
  • The Vexing Economics of Obamacare
  • Can India Become An LNG Juggernaut?
  • Arctic sea ice coverage is at its 2nd lowest on record
  • Get Your Children Good and Dirty

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Categories: Economics

Michael Pento: The Coming Bond Bubble Collapse

Chris Martenson - September 18, 2016 - 10:42

In this week's podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy:

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Categories: Economics

Daily Digest 9/17 - A Dire Warning, Grand Ascension or Great Collapse?

Chris Martenson - September 17, 2016 - 09:43
  • A Dire Warning – ‘Someone Is Learning How to Take Down the Internet’
  • Grand Ascension or Great Collapse?
  • Stock & Bond Bubbles Much Worse Than 1929: David Stockman
  • Asset Protection: Surviving the Worst-Case Scenario
  • Right-to-Repair Activists are Heroes
  • Top German companies say refugees not ready for job market
  • A Sour Surprise for Public Pensions: Two Sets of Books
  • Colonial Pipeline Response: News Updates
  • Big Oil Flocks To Argentina As Permian Land Prices Skyrocket
  • In Miami, a Woman Is Fighting to Keep Her Treehouse a Home

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Categories: Economics