Anyone involved with managing projects, people or systems knows that the only thing that can be planned with absolute certainty is that things will never go 100% according to plan.
This is true even in exceedingly simple situations, which we've written about at length here at Peak Prosperity (the uncontrollable nature of the straightforward Beer Game detailed in this post on the Bullwhip Effect outlines this well). And it's one of the truisms that gives us the most confidence that the world's central planners will eventually lose control of the global systems they are trying to manage via increasingly heavy-handed intervention.
This piece was written by Julie Welles for The Center for a New American Dream.
The next round of the global #MapJam takes place June 5-11, during #GlobalSharingWeek. Join a Q&A session on Tuesday, May 17 at 9 a.m. PST by clicking on this link: https://zoom.us/j/225618826.
Daily Digest 5/9 - How The Gov't Will ‘Borrow’ Your Retirement, 95% of Greek “Bailout” Money Went to Banks
- Here’s why (and how) the government will ‘borrow’ your retirement savings
- German Study Proves It – 95% of Greek “Bailout” Money Went to the Banks
- Obama: TTIP Necessary So As To Protect Megabanks From Prosecution
- U.S. Trouble With American Dividends
- Russia Offers Free Land to Foreign Pioneers
- Elon Musk's Tesla Strategy: Win Big by Falling Short
- Major Banks Shrug Off Concerns Of Bad Energy Debt
- All Of A Sudden, Fish Are Dying By The Millions All Over The Planet
M. King Hubbert did more to raise awareness of the finite nature of global oil reserves than any other person, living or dead. He was a larger-than-life figure, who fought tirelessly to insert the limits of nature into the national dialog regarding the strategic use of resources. Yet surprisingly little has been publicly documented about the man, even though we are hurdling ever faster into a future shaped by the very limits he warned about.
In today's podcast, Chris talks with Mason Inman about his new book The Oracle Of Oil, the first in-depth biography of M. King Hubbert, to learn more about the genesis of the Peak Oil theory.
- Helicopter Money In Operation
- Are smartphones “de-evolutionizing” humanity?
- 5 Bull Market Rules
- Republican Party Unravels Over Donald Trump’s Takeover
- The Supreme Court’s Next Big Fight Over Money in Politics
- Saudi Arabia Ousts Longtime Oil Minister
- We Need To Talk About Climate Change
- World Naked Gardening Day is Tomorrow, So We Talked to Someone Celebrating
- There's a big warning sign that the wheels of the US economy may be grinding to a halt
- Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing
- Ron Paul: What Do The Swiss Know That We Don’t?
- As Oil Markets Tighten, Geopolitical Events Matter Again
- 2-Day Work Week Mandated After Desperate Country Runs Out Of Electricity
- How the Kleptocrats’ $12 Trillion Heist Helps Keep Most of the World Impoverished
- Manipulation, the "Free Market", & What of Gold & Silver?
- The Near-Term Extinction Movement Is Embracing the End Times
- Army Captain Sues President Obama Over Illegal and Unconstitutional War on ISIS
- Saudi Arabia Ousts Longtime Oil Minister
No, that’s not a ‘click bait’ sensationalist article title. Things are getting ‘weird’ out there if you’re trying to be polite, and downright chaotic if you are being blunt. Everywhere we look, we see signs that the systems that support us are breaking down.
All of these are signs that the status quo has failed and continues to fail us. But the form of power expressed by our so-called ‘leaders’ today seems nearly incapable of healthy introspection coupled to correct action; preferring instead to do more of the same things that got us into this mess in the first place.
- What Fort McMurray is teaching us about situational awareness
- The wisdom of planning, testing & executing your plans in advance of crisis
- Preparing in case your entire country starts failing
- The value of emotional preparedness
Okay, so what can any of us do to really prepare ourselves for volatility and the sorts of uncertainty that the world is presenting to us?
Quite a lot actually.
In the case of financial market volatility, the easiest thing to do is to simply not play the game. Keep money in cash and just stay away from the rigged casinos until such a time as attractive valuations return and/or the playing field is leveled.
If you remain in the markets, for heaven’s sake hedge! If you click on the link to the left there, you’ll go to an article written by Adam Taggart that describes the basics of portfolio hedging.
Our recommended financial advisors use very proactive hedging strategies to limit downside volatility and minimize the sorts of punishing losses that can result from bear markets.
I am personally sitting in cash, gold, silver, real estate, a local investment, and a small short position on the S&P 500. That is, I am mainly on the sidelines as I await the inevitable correction that our feckless ‘leaders’ have engineered for us all.
Other people prefer to be more actively invested in the stock and bond markets, which I completely understand. I still would caution those individuals to be ready to...
- This Is Your Mind On Brains
- Because failure is an option SpaceX can do stuff like land rockets on a boat
- Scientists Almost Certain Advanced Life On Other Planets Has Existed At Some Point
- Why Self-Compassion Works Better Than Self-Esteem
- 'Boaty McBoatface' polar ship named after Attenborough
- Markets At Crossroads: Huge Moves Brewing In Stocks And Gold
- Chevy Bolt EV electric car to be GM-Lyft self-driving car testbed
- The Paradox Of Radiation
Organizing a local sharing event is a great opportunity to bring people together and cultivate a culture of cooperation in your community. Whether it's a one-off skillshare or an annual ShareFest, events show people that sustainable, reciprocal societies are possible — and they're a lot of fun too.
- Europe to Remove 500-Euro Bill, the ‘Bin Laden’ Bank Note Criminals Love
- Actually, Hillary Clinton is a fiscal conservative — look it up
- The Mythology Of Trump’s ‘Working Class’ Support
- Turkish ruling party preparing to replace PM Davutoglu: officials
- Medical Errors Are No. 3 Cause Of U.S Deaths, Researchers Say
- A Bitter Pill
- A 4.5-Million-Barrel Per Day Oil Shortage Looms: Wood Mackenzie
- People who fled Fort McMurray wildfire now evacuated from Anzac after blaze moves south
This piece was written by Nathan Schneider for Yes! Magazine.
Have you ever wanted to learn to play a musical instrument but weren’t sure where to start? In Toronto, it’s as easy as heading down to the public library.
The Parkdale branch now has a Musical Instrument Lending Library stocked with more than 100 instruments, including guitars, ukuleles, drums, violins, keyboards, a banjo, and a mandolin.
A few years ago, Alyssa Ravasio spent hours searching for a campsite along the California coast to watch the first sunrise of 2013. Ravasio told Techcrunch that it was "absurdly difficult" to find a campground that offered a view of the ocean.
She did end up finding a spot on the beach where she saw spectacular waves — perfect for surfing — except Ravasio didn't have her surfboard with her. The detail about the waves hadn't shown up in her search results.
In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- Elusive Earnings
- Corporate profits are vaporizing across all sectors
- Non-GAAP Crap
- Companies are increasingly contorting their books to look more solvent than they are
- The Ramifications Of Distorting Price Signals
- Malinvestment the world 'round
- Inflate Or Die
- Why helicopter money is coming
- Report: County's Pension System Falls Below Previous Funding Levels
- Politics In Real Life: Rising Health Care Costs Weigh On Voters
- Oil town Americans late on car loan payments
- Australia's Central Bank Cuts Rates to Record Low
- Saudi builder Binladin cuts 77,000 jobs, to lay off Saudis
- Illinois's Record Budget Standoff Risks Getting More Entrenched
- The riskiest energy companies are defaulting at a record rate
- With Clock Ticking, Atlantic City Avoids Default -- But How Much Time Did It Buy
- Detroit in a downward spiral as budget dries up
- EU Cuts Euro-Area Inflation Forecast, Warns Nations on Debt
- Chinese cities dive back into debt to fuel growth even as defaults rise
- Australia’s A$500 Billion Debt Pile to Test Bond Buyer Appetite
- Listed Chinese companies suffer first profit drop since 2008
- China's Coming Bank Bailout
- Puerto Rico warns of more defaults after missing May payment
- Corporate Brazil faces cash risks through 2017 -Moody's
- IMF cuts Africa growth forecast to 3% in 2016
- EU forecasts France, Italy, Spain, to miss budget targets
- EU Sees Weaker Growth in Eurozone and Wider EU as China Slowdown Weighs
- U.S. data is being leaked, ECB study suggests