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More Confessions of an Economic Hit Man: This Time, They’re Coming for Your Democracy

Twelve years ago, John Perkins published his book, “Confessions of an Economic Hit Man.” Today, he says “things have just gotten so much worse.”
Categories: Economics

Daily Digest 3/17 - U.S. Entangled In Yemen, Zero-Hour for the Precious Metals

Chris Martenson - March 17, 2016 - 08:12
  • Causes of Revolution
  • Hungary's Orban "Rings Alarm Bells" On Brussels Plot To Create "United States Of Europe"
  • Bonds & Stocks Tumble As Core CPI Surges By Most Since October 2008
  • These Are The Energy Bonds Most Likely To Default In The Next Six Months
  • Zero-Hour for the Precious Metals
  • $5trn-a-day Forex rigging probe dropped despite evidence of criminality
  • Central Banks Move Into Crypto Currencies As Part Of Cashless Society Hustle
  • America’s Gestapo: The FBI’s Reign of Terror
  • Brazil Police Tapped Rousseff Discussing Lula Cabinet Post
  • Quiet Support for Saudis Entangles U.S. in Yemen
  • Former Fed Employee Avoids Jail, Gets $2,000 Fine For Stealing Fed Secrets On Behalf Of Goldman Sachs
  • More Plastic Than Fish in Oceans by 2050 Helps Drive Calls for Reduced Plastic Use
  • The Truth About This Mine Spill That The EPA Didn’t Tell You
  • Why Scientists on Two Continents Are Growing Dinosaur Parts on Chickens

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Categories: Economics

ioby's Erin Barnes on the Nonprofit Advantage in Civic Crowdfunding

Shareable Magazine - March 17, 2016 - 07:04

Erin Barnes. Photo courtesy of ioby.

Categories: Economics

Frances Moore Lappé: Why I’m Facing Arrest to Get Money Out of Politics

On April 11, thousands of marchers with Democracy Spring will arrive in the nation’s capital. It’s expected to be the largest civil disobedience action in decades.
Categories: Economics

About Livestock Guardian Dogs

Chris Martenson - March 16, 2016 - 13:44

A quick look and background information about owning and using a LGD (Livestock Guardian Dog) to protect your herd or flock. 

http://www.motherearthnews.com/homesteading-and-livestock/about-livestock-guardian-dogs-zbcz1603.aspx

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Categories: Economics

Daily Digest 3/16 - Farmers Struggling To Pay Debts, Recent Signs of Economic Troubles

Chris Martenson - March 16, 2016 - 09:44
  • Unpaid subprime car loans hit 20-year high
  • Fracking accounts for about half of U.S. oil production
  • Price of branded prescription drugs in the US doubles in 5 years
  • Brazil pension funds see gap widen as liabilities rise
  • Canada deficit to hit C$29 billion this year, may prevent another rate cut: Reuters poll
  • Cash-strapped farmers struggle to pay cropland rents
  • India's Ugly Bad-Loans Situation Is About to Get Even Worse
  • Illinois state not paying out on auto accident claims
  • Yield-starved European insurers look past risks to mull emerging bonds
  • It’s payback time for emerging markets’ $1.6-trillion debt
  • Recent Signs of Economic Troubles
  • Linn Energy says bankruptcy may be 'unavoidable'
  • French growth to be less than 1.4 pct in 2016 - central bank chief

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Categories: Economics

How One Woman’s Food Redistribution App is Feeding Thousands

Shareable Magazine - March 16, 2016 - 09:03

Komal Ahmad is solving what she calls the "most unnecessary problem of our time." Photo: Facebook

Komal Ahmad was a student at UC Berkeley when she experienced a life-changing moment. She had just returned from summer training for the U.S. Navy when she met a homeless veteran on the sidewalk. He hadn’t eaten in three days.

Yet, across the street, thousands of pounds of uneaten food was being thrown away by her school. This was unacceptable to Ahmad, so she did something about it.

Categories: Economics

Less Than 1 Month To Go!

Chris Martenson - March 16, 2016 - 08:27

If you've been thinking about attending this year's annual Peak Prosperity seminar in Rowe, MA, time is running out to make your decision.

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Categories: Economics

The End of Banking: Q&A with Jonathan McMillan

Shareable Magazine - March 15, 2016 - 08:48

What would a world without banking look like, and is it a vision worth exploring? Jonathan McMillan says yes. The pseudonym for two people—an investment banker and an economist—McMillan has a front row view of the international banking landscape, and he doesn’t like what he sees.

Categories: Economics

Daily Digest 3/15 - Russia 'To Pull Forces Out Of Syria,' Millions At Risk For Sea-Level Rise

Chris Martenson - March 15, 2016 - 07:55
  • Russia 'to pull its forces out of Syria'
  • Explaining Putin’s surprise move to pull most Russian forces out of Syria
  • The Queen of Chaos and the Threat of World War III
  • Former cyber czar says NSA could crack the San Bernadino shooter’s phone
  • Prescription Painkiller Crisis: Why Do Americans Consume 80 Percent Of All Prescription Painkillers?
  • There’s Only One Buyer Keeping S&P 500’s Bull Market Alive: C-suite Stock Option Collectors
  • Escape the U.S. Collapse in Uruguay
  • Solar Power Is About To Get MUCH Cheaper
  • Millions projected to be at risk from sea-level rise in the continental United States

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Categories: Economics

How to Make a Codling Moth Trap and Lure

Chris Martenson - March 14, 2016 - 14:52

Last year, a lot of my apple crop and some of my pear crop were infested with codling moth larvae. Given that I don’t spray my trees, I needed to come up with an alternative for control, unless I wanted to grow apples for the moths. This season, I’ve sprayed kaolin clay, which is a tiny clay particle that you spray on to the leaves and the fruit. This acts as an irritant to the pests, causing them to move on. This has worked well so far, as we’ve already had our best cherry harvest yet, and the apples and pears still look pretty clean.

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Categories: Economics

How Collaboration is Saving Rare Coastline and Ancient Olive Farms in Southern Italy

Shareable Magazine - March 14, 2016 - 09:51

A small stretch coastline at Dune Costeire Park. Photos by Gianfranco Ciola or Corrado Rodio. Translation by Nicole Stojanovska.

Dune Costiere Regional Park, stretching from Torre Canne to Torre San Leonardo, is a nature park covering the territories of Ostuni and Fasano. Situated on approximately 1,100 acres of land along an eight-kilometer stretch of coastline, the park connects a historic agricultural landscape dotted with ancient olive farms with a rare coastal ecosystem.

Categories: Economics

Daily Digest 3/14 - Labor Protests Multiply In China, The Unnatural Kingdom

Chris Martenson - March 14, 2016 - 09:12
  • Labor Protests Multiply in China as Economy Slows, Worrying Leaders
  • Obama narrows Supreme Court shortlist down to three
  • Donald Trump's ideology of violence
  • Ahead: Global Totalitarianism
  • Zika, ZIRP, and NIRP Viruses
  • February’s global temperatures rose to a startling new high
  • USA uses TPP-like trade-court to kill massive Indian solar project
  • The Unnatural Kingdom

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Categories: Economics

Q&A with Felix Weth of Fairmondo, the Platform Co-op that's Taking on eBay

Shareable Magazine - March 14, 2016 - 08:00

Felix Weth (second from right) with other Fairmondo members

Felix Weth has taken on a big challenge: create a platform cooperative to compete with the likes of Ebay and help create a new, fair economy. The result of his efforts is Fairmondo, a member-owned digital cooperative that enables people to sell ethical products. Launched 2013 in Germany, Fairmondo is now going global.

Categories: Economics

What's a “Responsible Sharing Economy Startup”?

Shareable Magazine - March 14, 2016 - 07:14

Photo: jonathan mcintosh. Article co-authored with Pablo Munoz.

Categories: Economics

Daily Digest 3/13 - The Perils Of Running Gov't Like A Business, Renewable Energy’s Growing Pains

Chris Martenson - March 13, 2016 - 08:58
  • Michigan Gov. Snyder confronts the perils of running government like a business
  • Remote Utah Enclave Becomes New Battleground Over Reach of U.S. Control
  • The government just admitted it will use smart home devices for spying
  • Researchers' idea will blow you away: 656-foot long blades on wind turbines
  • Renewable energy’s global growing pains 
  • Iran on Oil Freeze: ‘Leave Us Alone’ Until Production Higher
  • Almost everything you buy, from cereal to mascara, is killing the rain forest

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Categories: Economics

Joel Salatin: The Promise Of Regenerative Farming

Chris Martenson - March 13, 2016 - 05:03

Front man for the sustainable/regenerative farming movement, Joel Salatin, returns to the podcast this week.

Next month on April 23rd, he'll be joining Adam, the folks from Singing Frogs Farm, permaculturalist Toby Hemenway, and Robb Wolf at a speaking event in northern California. He'll be speaking on the power that's in our hands to make much smarter choices regarding the food systems we depend on.

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Categories: Economics

Daily Digest 3/12 - Oil Prices Heading For A Fall, The Fed's Got A Problem

Chris Martenson - March 12, 2016 - 09:01
  • The Fed's Got A Problem
  • India's big move into solar is already paying off
  • A Top Performing Hedge Fund Just Went Record Short: Here's Why
  • The Geography Of Trumpism
  • Three laws could cut US gun deaths by 90%, study says
  • Oil Prices Heading For A Fall, Possibly Hard
  • Turkish Energy Security Under Threat 
  • Florida’s problem with sea level rise catches up with Rubio at debate

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Categories: Economics

The Year Of The Red Monkey: Volatility Reigns Supreme

Chris Martenson - March 11, 2016 - 12:16

In the lunar calendar that started February 8, this is the Year of the Red Monkey. I found this description of the Red Monkey quite apt:

"According to Chinese Five Elements Horoscopes, Monkey contains Metal and Water. Metal is connected to gold. Water is connected to wisdom and danger. Therefore, we will deal with more financial events in the year of the Monkey. Monkey is a smart, naughty, wily and vigilant animal. If you want to have good return for your money investment, then you need to outsmart the Monkey. Metal is also connected to the Wind. That implies the status of events will be changing very quickly. Think twice before you leap when making changes for your finance, career, business relationship and people relationship."

(Source)

In other words, the financial world will be volatile. And few will have the agility and wile to outsmart the market-monkey.

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Categories: Economics

Outsmarting The Monkey

Chris Martenson - March 11, 2016 - 12:16
Executive Summary
  • Beware of increasing financial Repression
  • Watch where the global flows of capital are heading
  • Expect further strengthening of the US dollar
  • Realize that cash is not a bad position in an extremely volatile market. Same with precious metals.
  • Why the best opportunities for capital preservation will be local

If you have not yet read The Year of the Red Monkey: Volatility Reigns Supreme, available free to all readers, please click here to read it first.

In Part 1, we looked at the ways fiscal and monetary authorities have attempted to stave off business-cycle washouts, i.e. recessions, and how the fixes have created a global Great Stagnation that is characterized by uncertainty  and volatility.

Here in Part 2, we investigate whether the global economy slide into recession, or will new policies such as capital controls save the day? And more importantly, we look to the asset classes where investors can seek safety from the red monkey's antics.

Capital Controls

The latest fixes being rolled out by central banks and governments are capital controls—essentially, policies designed to force people to spend their saved-up capital in the home country or invest it in whatever the central bank/state deems supportive of the hoped-for exit from the Great Stagnation.

Negative interest rates are a form of capital control: by charging interest on cash held in banks, governments hope to force people to spend their cash rather than “hoard” it.

Since cash currency is a safe haven from this expropriation, governments are actively seeking to eliminate or limit cash.

When private banks are revealed as insolvent, governments can recapitalize the banks by expropriating depositors’ cash held in the bank—“bail-ins.”

Another expropriation idea making the rounds among “serious policymakers” is forcing everyone with retirement savings to put a percentage of this cash in government bonds—in effect, funding state deficit spending by force.

All of these controls are forms of financial repression—limiting the freedom of people and their capital in order to prop up the privileges of a tiny financial and political elite at the top of the status quo.

To the degree that capital controls inevitably spark blowback and unintended consequences, they add to volatility by...

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Categories: Economics