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Daily Digest 6/27 - Police Warily Learn to De-escalate, A New Alternative To Antibiotics?

Chris Martenson - June 27, 2015 - 08:21
  • Long Taught to Use Force, Police Warily Learn to De-escalate
  • Nature Rebounds
  • Paul Craig Roberts: Bond Bubble in Big Trouble 
  • Greece's Future in Balance as Creditors Reject Aid Extension
  • China Cuts Interest Rates After Market Plunge
  • US overtakes Russia as top oil and gas producer, report says
  • A New Alternative To Antibiotics?

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Categories: Economics

7 Ways To Use Amazing Baking Soda In The Garden

Chris Martenson - June 26, 2015 - 17:32

Some interesting uses for baking soda in the garden. Time to check on your stash of this inexpensive prep and make sure you have plenty on hand.

http://bestplants.com/7-ways-to-use-amazing-baking-soda-in-the-garden/

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Categories: Economics

7 Ways To Use Amazing Baking Soda In The Garden

Chris Martenson - June 26, 2015 - 17:26

Some interesting uses for baking soda in the garden. Time to check on your stash of this inexpensive prep and make sure you have plenty on hand.

http://bestplants.com/7-ways-to-use-amazing-baking-soda-in-the-garden/

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Categories: Economics

The Global Credit Market Is Now A Lit Powderkeg

Chris Martenson - June 26, 2015 - 09:53

Although the Street seems to agonize over equity valuations and recent price volatility, as I see it the real issue is the global bond market. Why?

Globally, the value of outstanding credit instruments is three times the total value of publicly traded equities. Just which do you imagine is more important to institutional investors?

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Categories: Economics

What Awaits Us In The Future Of Higher Interest Rates

Chris Martenson - June 26, 2015 - 09:53
Executive Summary
  • Expect a bond market bloodbath as rates rise
  • Municipal, corporate and sovereign defaults will soon follow
  • Liquidity suffers as necessary goods prices rise, but securities prices fall
  • The new, nuclear risk of a derivatives market collapse

If you have not yet read Part 1: The Global Credit Market Is Now A Lit Powderkeg available free to all readers, please click here to read it first.

You may remember that what caused then Fed Chairman Paul Volcker to drive interest rates up in the late 1970’s was embedded inflationary expectations on the part of investors and the public at large. Volcker needed to break that inflationary mindset. Once inflationary expectations take hold in any system, they are very hard to reverse.

A huge advantage for Central Bankers being able to “print money” in very large magnitude in the current cycle has been that inflationary expectations have remained subdued. In fact, consumer prices as measured by government statistics (CPI) have been very low in recent years.

When Central Bankers started to print money, many were worried this currency debasement would lead to rampant inflation. Again, that has not happened for a very specific reason. For the heightened levels of inflation to sustainably take hold, wage inflation must be present. I've studied historical inflationary cycles and have not been surprised at outcomes in the current cycle in the least, as in the current cycle, continued labor market pressures have resulted in the lowest wage growth of any cycle in recent memory. But is this about to change at the margin?

The chart below shows us...

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Categories: Economics

Daily Digest 6/26 - World's Aquifers Losing Repleneshment Race, U.S. Oil Glut An EIA Invention?

Chris Martenson - June 26, 2015 - 08:03
  • Millennials now outnumber Boomers, Census Bureau says
  • Fair Housing Won’t Be Enough
  • Middle-Class Black Families, in Low-Income Neighborhoods
  • The Advantages of a Second Passport
  • Who Owns The Dead?
  • California Set to Mandate Childhood Vaccines Amid Intense Fight
  • U.S. Oil Glut An EIA Invention?
  • World’s Aquifers Losing Replenishment Race, Researchers Say

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Categories: Economics

Off The Cuff: When The Bond Market Fails, Everything Will Fail With It

Chris Martenson - June 25, 2015 - 17:37

In this week's Off the Cuff podcast, Chris and Brian Pretti discuss:

  • Bonds Are For Dough
    • The size of the risk in the credit market is staggering
  • The War On Cash
    • Will going cashless help the credit bubble live longer?
  • Greece & Derivatives
    • How a Grexit could trigger Armageddon
  • The End Of Confidence
    • When it arrives, the collapse will happen swiftly

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Categories: Economics

Forget Monopoly: Play American Commons Instead

Shareable Magazine - June 25, 2015 - 13:17

Commonomics USA's new board game, American Commons, upends Monopoly's core principles. (Image via Huffington Post)

Categories: Economics

Swedish Documentary Makes a Convincing Case for Cooperativism

Shareable Magazine - June 25, 2015 - 11:08

The filmmakers visited several worker-owned cooperatives, including Equal Exchange in West Bridgewater, Massachusetts. (David L. Ryan/Boston Globe)

Categories: Economics

Obama’s Push for Corporate Rule: A Moment of Opportunity

Call it populism versus corporatism or democracy versus corporate rule. Either way, it is a far more meaningful political division than two political parties debating big government versus small.
Categories: Economics

Tell Your Story, Be In Our New Book

Chris Martenson - June 25, 2015 - 08:37

As many of you know, Chris & I are writing a new book. Titled Prosper!, the book focuses on the importance of developing resilience, and offers guidance on how to do so at the personal level.

Where Chris' previous book, The Crash Course, was about the predicaments we face in the coming future, this new book is about the solutions we should pursue in response.

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Categories: Economics

Daily Digest 6/25 - Land Of The Unaccountable, Are We Reaching Peak Energy Demand?

Chris Martenson - June 25, 2015 - 08:15
  • Schools After An Economic Collapse?
  • Is It Possible to Hide From the Privacy Invasion?
  • America - Land Of The Free (And Entirely Unaccountable)
  • We Don’t Know How Bad Secret Obama Trade Deal Really Is: Ellen Brown
  • Martin Ford, on the robots coming for your job
  • In Gold We Trust 2015: Gold Remains In A Secular Bull Market
  • BP Data Suggests We Are Reaching Peak Energy Demand
  • Investors Should Prepare For The Long Infrastructure Boom

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Categories: Economics

The Top 10 Tips for Running a Coworking Space at Home

Shareable Magazine - June 25, 2015 - 07:40

Collective Self is a free, in-home coworking space in Seattle. Created by Lori Kane in 2012, it was inspired by an experience Kane had in San Francisco. While walking to a coworking space for an interview, she walked down a street that was incredibly diverse, with people from all over the world. Once she was in the coworking space, however, the diversity vanished.

Categories: Economics

Six Ways TPP Opponents Have Won—Even as Fast Track Advances

Critics of the TPP forged relationship with foreign allies, firmed up union positions, and forced some concessions on the secrecy of the text.
Categories: Economics

19 Ingenious Ways To Use Empty Food And Drink Containers

Chris Martenson - June 24, 2015 - 09:44

A set of great ideas and uses for those plastic containers that always pile up.  Reduce your waste stream and find more utility in your "trash".

http://www.shtfpreparedness.com/19-ingenious-ways-to-use-empty-food-and-drink-containers/

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Categories: Economics

How to Build and Plant Large Hugelkultur Berms

Chris Martenson - June 24, 2015 - 09:02

Hugelkultur is basically soil over wood. Hugel beds can be any size, use different sizes of stumps and branches, and different decomposition stages of the wood & different types of wood. There are allelopathic trees that you would not want to dominate your wood. It is OK to have a little black walnut, spruce, or hackberry but these alellopathic trees should not predominate. Also, if you use mostly pine, you will end up with more acidity in the soil.

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Categories: Economics

Daily Digest 6/24 - Housing Bubble Yields Billions, Americans Teetering On Edge Of Financial Ruin

Chris Martenson - June 24, 2015 - 04:49
  • Kentucky Lawmakers Still Considering $3.3 Billion Bond For Teacher Pensions
  • Emanuel asks state lawmakers to delay CPS teacher pension payment
  • Cash-strapped Chicago Public Schools set to borrow hundreds of millions
  • Negative T-Bill Rates Persist as Supply Shortage Seen Worsening
  • China’s Plan for Local Debt Amounts to a Bailout
  • Americans households have the highest credit card debt since recession
  • Housing bubble yields billions in profits
  • ECB's balance sheet rises to 2.452 trillion euros, gold steady
  • Abe government to continue efforts to curb rise in social security spending
  • 70 million Americans teetering on edge of financial ruin
  • Fed’s Powell eyes two 2015 hikes as he dismisses bubble fears
  • Drought May Prompt Californians to Let Personal Hygiene Slide
  • Brazil loan defaults rise in May, central bank says

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Categories: Economics

The Price of Everything & The Value of Nothing

Chris Martenson - June 23, 2015 - 13:50

My view is that the stock market is simply pegging itself to the idea that the central banks have backed themselves into a corner and that there’s no other option but to keep the liquidity spigots open. I cannot fault that view, as it has been right for the past 6 years.

However, it cannot be true forever. And we all know that a day of reckoning is out there somewhere. 

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Categories: Economics

Dinner Fork Door Lock

Chris Martenson - June 23, 2015 - 12:13

An informative video showing how you can create a simple but effective door lock using a dinner fork.   A handy backup for when the zombies come knocking at your door.

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Categories: Economics

Daily Digest 6/23 - A World Without Work, How We Get Electricity Is About To Change

Chris Martenson - June 23, 2015 - 07:55
  • Fewer Poor Uninsured After Health Law, Study Finds
  • A World Without Work
  • Is the Trans-Pacific Partnership Unconstitutional?
  • A Disaster Foretold - And Ignored
  • The Way Humans Get Electricity Is About to Change Forever
  • 2015 New Energy Outlook
  • The New Big Oil Is State-Owned
  • Climate Change Health Risk Is a 'Medical Emergency,’ Experts Warn

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Categories: Economics