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Daily Digest 10/24 - Ebola Arrives In NYC, Strips of Native Prairie Protect Farm Soil

Chris Martenson - October 24, 2014 - 08:05
  • Officials Tracing New York Ebola Patient’s Movements, While Reassuring a Wary City
  • Putin's advisor and experts discuss economy, sanctions and central banks
  • Americans taking fewest vacation days in four decades 
  • U.S. Is Investigating Report That Islamic State Used Chlorine Gas
  • Why do people put solar on their roofs? Because other people put solar on their roofs
  • 8 Reasons For Our Oil Price Predicament
  • Strips of Native Prairie Protect Farm Soil
  • The U.N. says water is a fundamental human right in Detroit

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Categories: Economics

Special Offer - FoodBrick Containers

Chris Martenson - October 23, 2014 - 07:15
Foodbrick Containers - 5% Special Discount for PeakProsperity.com Readers

We are pleased to announce that PrepareDirect is offering PeakProsperity.com readers a special discount of 5% off all FoodBrick Storage Containers (this is an additional 5% off PrepareDirect's low prices). 

Click here to take advantage of this offer; use Coupon Code: PEAKBRICK5, exclusive to PeakProsperity.com readers. Click here for this offer.

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Categories: Economics

Daily Digest 10/23 - The Last Days Of The Growth Story, The Plastic In Your Beer

Chris Martenson - October 23, 2014 - 06:41
  • The Last Days Of The Growth Story
  • Detroit With a Boardwalk
  • Poverty and class: the latest themes to enter the US banned-books debate
  • Permanent Damage to US Economy-Michael Snyder
  • Bond funds stock up on Treasuries in prep for market shock
  • Dollar Strength Does Not Bode Well for U.S. Overseas Companies
  • Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil
  • Massive coal field discovered in China's Xinjiang
  • Abengoa celebrates grand opening of cellulosic ethanol plant
  • Plastic Bits Found Floating Around In 24 Out Of 24 Samples Of German Beer

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Categories: Economics

Raising Guinea Fowl

Chris Martenson - October 23, 2014 - 06:10

A great exploration of adding guinea fowl to your homestead for a variety of reasons, including tick and pest control control, meat production and can be used at a form of property security alarm. 

http://www.motherearthnews.com/homesteading-and-livestock/raising-guinea-fowl-ze0z1410zcwil.aspx#axzz3GyamdhoP

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Categories: Economics

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Community Currency Magazine - October 22, 2014 - 08:33

3 reasons why peer-to-peer marketplaces fail (and how not to)
blog.sharetribe.com
This is the first of a series of 3 posts. Read part 2 here and part 3 here. Peer-to-peer marketplaces can be great businesses. They combine the convenience of online stores with the scale that com...
Categories: Economics

Why Gold Is Undervalued

Chris Martenson - October 22, 2014 - 08:31

Gold has been in a bear market for three years. Technical analysts are asking themselves whether they should call an end to this slump on the basis of the "triple-bottom" recently made at $1180/oz, or if they should be wary of a coming downside break beneath that level. The purpose of this article is to look at the drivers of the gold price and explain why today's market value is badly reflective of gold's true worth.

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Categories: Economics

The Case For Owning Physical Gold Now

Chris Martenson - October 22, 2014 - 08:30
Executive Summary
  • Why China & Russia are placing the highest priority on increasing their gold reserves
  • The Asian SCO's agenda for re-defining trans-Asian money
  • The looming crisis in paper currencies
  • The 6 key reasons to amass paper gold today

If you have not yet read Part 1: Why Gold Is Undervalued available free to all readers, please click here to read it first.

Part 1 summarized gold’s technical position, the market position, made a value judgement against fiat dollars, described and quantified the paper market, and noted the long-term shifts of bullion into Asia. There are three big subjects left to deal with: the dynamics at the hear of the West-to-East flow of physical bullion, the scope for an accelerated deterioration in the purchasing-power of paper currencies, and the financial cold war between the advanced western economies and the Asian Shanghai Cooperation Organisation (SCO.

Understanding The Flow Of Gold Into China & Russia China

China’s appetite for gold has only become obvious in recent years. In reality, we do not know how much gold China has imported. We only know that for whatever reason she appears to be importing significantly larger quantities than publicly admitted. It is worth bearing in mind that this started long before the Shanghai Gold Exchange was established in 2002; the original regulations delegated total control of gold and silver to the Peoples Bank (the central bank – PBOC) in June 1983. Given at that time the west was selling gold down to the $250 level, China has most probably been secretly stockpiling gold for the last thirty years.

The 1983 regulations appear to have been introduced to take advantage of freely-available supply. Between 1983 and 2002 there was significant leasing activity by European and other central banks as well as outright sales in addition to mine output. Furthermore, the bear market from 1980-2000 led to considerable divestment of privately owned gold vaulted in Switzerland. The following table summarizes the estimated effect.

Approximately half the above-ground stocks in 2002 appears to have changed hands since 1983. The principal buyers were the Middle East until the mid-1990s and India after the Gold Control Act was rescinded. No one has suspected China of acquiring meaningful quantities of gold during this period, but the timing of the 1983 regulations suggests otherwise. India’s demand between 1990 and 2002 was only 5,426 tonnes, with perhaps 2,000 tonnes smuggled in the seven years previously, leaving 68,424 tonnes unaccounted for. And while Middle Eastern oil exporters were certainly buying in quantity it is unlikely they would have taken more than 35,000-40,000 tonnes, which leaves 28,000-33,000 tonnes unaccounted for. Conversion of bullion into jewellery for the European and North American markets could have absorbed 5,000 tonnes at most, but equally there were other sources of supply such as Russia, which was forced to sell all her gold (507 tonnes) during the financial crisis in 1998, and potentially some net selling as a result of the Tiger economies’ crisis at about the same time.

There is only one logical conclusion: China passed regulations in 1983 to acquire gold bullion. This being the case, before 2002 she could easily have secretly acquired over 20,000 tonnes. And this explains why she was then happy to let her own citizens in on the act...

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Categories: Economics

Daily Digest 10/22 - China Growth Forecast Cut, Health Care Premiums To Spike

Chris Martenson - October 22, 2014 - 07:17
  • Share No More: The Criminalization of Efforts to Feed People In Need
  • Russia Cancels 2nd Domestic Debt Auction
  • Area firms brace for double-digit hike in health care premiums
  • Vermont employees to see big health care jump
  • Health Care Costs Expected to Rise in 2015: Are You Ready?
  • China's economy suffers its worst quarter since the financial crisis
  • Deutsche Bank cuts China growth forecast
  • Detroit turns to scrapping to fill budget hole
  • Fukushima film shows reality sinking in for 'nuclear refugees'
  • Russians Pull $5 Billion Out of Banks as Ruble Plummets

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Categories: Economics

You Won't Believe What They're Sharing on These 9 DIY Marketplaces

Shareable Magazine - October 22, 2014 - 07:06

As the sharing economy grows, people have gotten creative about what can be shared peer-to-peer (P2P). It's gone well beyond sharing homes and cars. We can now rent, share, borrow or swap electronics, outdoor gear, land, tools, clothing, appliances, and more.

Categories: Economics

32 US Cities Commit to Community-owned Broadband Internet Access

Shareable Magazine - October 21, 2014 - 10:04

This past Monday, a coalition of representatives from 32 cities across the U.S. joined together to address the pressing need for fast, reliable and affordable high-speed Internet. Organized by Next Century Cities, the bipartisan initiative is designed to help cities create their own community broadband networks because big telecom companies don’t provide broadband to all areas of the country.

Categories: Economics

5 Proven Strategies to Support Art in Your City

Shareable Magazine - October 21, 2014 - 08:15

Last week, Springboard for the Arts launched their new Creative Exchange initiative as a way to help cities leverage arts programs to further civic and economic development. The program offers 10 toolkits with step-by-step guides culled from successfully executed projects.

Categories: Economics

Daily Digest 10/21 - Drowning In Oil Again, How To Stock A Cellar

Chris Martenson - October 21, 2014 - 05:00
  • Lower Gold Prices Prompt Large BRIC Purchases
  • Mixed Economic Signals From China
  • CDC Tightens Rules on Caring for Ebola Patients
  • Donations for Ebola Relief Are Slow to Gain Speed
  • Celente explains what’s behind the recent drop in oil prices & how it’s affecting the world
  • Drowning In Oil Again
  • A More Realistic Cost of Wind Energy
  • How To: Stock A Cellar

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Categories: Economics

How to Clean, Melt, and Store Beeswax

Chris Martenson - October 20, 2014 - 16:03

A great introduction into the steps and process of saving wax cappings and excess wax from your bee hives.

http://www.motherearthnews.com/homesteading-and-livestock/how-to-clean-melt-and-store-beeswax-zbcz1410.aspx#axzz3GjSj49zB

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Categories: Economics

How to Install a Raspberry and Blackberry Trellis

Chris Martenson - October 20, 2014 - 12:47

My old raspberry and blackberry trellis was made of green ‘T’ posts and light gauge green wire. Not particularly attractive, so I decided to install a more professional looking trellis. I just moved my raspberry and blackberry canes up against my fence, so I already had one side of the trellis taken care of. The other side, I decided to install a standard two wire system held up with 4x4 wooden posts. This system works well, looks nice, actually it is hard to even see, and is easy to install.

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Categories: Economics

Want to Solve Climate Change? Tackle Inequality

Shareable Magazine - October 20, 2014 - 12:42

Figure 1: The Doughnut: humanity’s sweet spot. Article cross posted from Kate Raworth's Doughnut Economics blog.

Categories: Economics

How The Federal Reserve Is Purposely Attacking Savers

Chris Martenson - October 20, 2014 - 08:36

There's something we 'regular' citizens wrestle with that the elites never seem to: a sense of moral duty.

In a perfect world, we would honor our debts and obligations, every one of us. But the world is an imperfect place ,and moral obligation is something that almost never enters into the decision matrix of our society's richest. Or the banking industry.

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Categories: Economics

Daily Digest 10/20 - Janet Yellen On Income Inequality, Who Owns The Seas When Island Nations Drown?

Chris Martenson - October 20, 2014 - 07:46
  • Dozens Declared Free of Ebola Risk in Texas
  • Rising Inequality: Janet Yellen Tells It Like It Is
  • Poor kids who do everything right don’t do better than rich kids who do everything wrong
  • Despite Slumping Prices, No End in Sight for U.S. Oil Production Boom
  • Natural underground CO2 reservoir reveals clues about storage
  • U.S. Utilities Facing Fuel Shortage Problems As Winter Approaches
  • Stunning Scenes From California's Central Valley Drought 
  • When island nations drown, who owns their seas?

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Categories: Economics

Firechat Enables Activist Mesh Network in Hong Kong

Shareable Magazine - October 20, 2014 - 07:21

The Umbrella Revolution that is still going on in Hong Kong has gained widespread attention for its use of social media to organize the protests, the clearest example being the chatroom app Firechat. Firechat allows users to turn their smartphone into a node that transmits data, either by WiFi or Bluetooth, to other phones within a short range.

Categories: Economics