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Podcast: Worker Co-op Development as a Key Solution to the Problems of Our Time

Shareable Magazine - March 9, 2017 - 02:54

In this episode of Next Economy Now, Shawn Berry, partner and worker-owner at LIFT Economy, interviews Omar Freilla.

Freilla is the founder and coordinator for Green Worker Cooperatives in the South Bronx, which runs the Coop Academy to empower a new generation of small local businesses that are cooperatively owned and operated.

In this interview Berry and Freilla discuss:

Categories: Economics

Defunding Police—How Antiracist Organizers Got Seattle to Listen

By halting a proposed $150 million police precinct, Seattle activists have made headway in redirecting funding toward services like affordable housing and education.
Categories: Economics

A Little Brotherly Advice

Chris Martenson - March 8, 2017 - 22:34

We're now a little less than a month away from the Peak Prosperity annual seminar at Rowe, which runs from April 6-9th.

If you're still making up your mind whether or not to attend this year, perhaps you're wondering what to expect to get out of the weekend.

Well, here's a write-up from someone who has attended in the past. Full disclosure: he's probably a pretty biased source -- as he's my brother.

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Categories: Economics

GRIOT Circle is More Than a Community Space for LGBTQ Seniors in New York

Shareable Magazine - March 8, 2017 - 13:31

At last year's Brooklyn Gay Pride celebration, members of GRIOT Circle, a Brooklyn-based community organization that serves LGBTQ seniors of color, were grand marshals of the parade. They wore rainbow sashes as they marched and waved to the crowd. What happened after the parade, however, left a lasting imprint on Aundaray Guess, the group's director of programs. Guess said that one of the organization's members took off her rainbow sash and put it away in her purse when she entered the subway station with him.

Categories: Economics

Couchsurfing Founder's New Approach to Pay Contributors and Promoters of Upcoming Book

Shareable Magazine - March 8, 2017 - 08:03

More than 10 years ago, Casey Fenton had an idea that brought the world together: Couchsurfing. The San Francisco-based platform, founded by Fenton in 2003, links travellers around the world with local people who are willing to host them in their homes for free, no strings attached.

Categories: Economics

Daily Digest 3/8 - Italy's Liabilities Hit New Record High, WI School Districts' Debt Soars

Chris Martenson - March 8, 2017 - 06:59
  • Wisconsin school districts' debt soars after $1.35 billion in new borrowing
  • State, Local Officials Push $6 Billion Infrastructure Bill
  • Trouble Brewing in High-Yield Debt, Commodity Investor Warns
  • Interest on Illinois’ pension debt is $9.1B per year
  • China’s finance minister sees ‘relatively large’ room to increase govt debt
  • National debt nears $20 trillion; Kasich has long warned of troubles
  • Italy's Target 2 liabilities hit new record high in February
  • IMF raises jitters over NZ's high debt levels, recommends cenbank toolkit upgrade
  • Reserve Bank of Australia holds rates at record low, signals steady view
  • Brazil's worst-ever recession unexpectedly deepens in late 2016
  • Rising European Bank Deposits Wind Up at ECB as Lending Sputters
  • Global negative-yielding sovereign debt fell to $8.6 trln
  • ECB buying of Portuguese debt hit new low as limit looms

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Categories: Economics

Podcast: Trebor Scholz on Moving From Uber to Platform Cooperatives

Shareable Magazine - March 7, 2017 - 13:08

"How do you rip the algorithmic heart of our Uber and then embed your own values instead?" This is the question that lies at the heart of scholar and activist Trebor Scholz's work on Platform Cooperativism, a concept that describes "a way of joining the peer-to-peer and co-op movements with online labor markets while insisting on communal ownership and democratic governance."

Categories: Economics

Daily Digest 3/7 - Republicans Unveil Health Care Bill, 'Deep State' Rumblings?

Chris Martenson - March 7, 2017 - 07:26
  • Republicans Unveil Health Care Bill to Bridge Gaps in Party
  • 'Obamacare Lite'? Not Quite.
  • Rumblings of a ‘Deep State’ Undermining Trump? It Was Once a Foreign Concept
  • Oklahoma state bill would let property owners shoot down drones
  • Donald Trump's Worst Deal
  • EPA relationship with Monsanto under scrutiny in Roundup trial 
  • Trump To Undo Fuel Efficiency Standards
  • The Amazon forest is the result of an 8,000-year experiment 

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Categories: Economics

Mark Morey: Cultural Capital (Part 1)

Chris Martenson - March 6, 2017 - 22:46

Mark Morey returns to the podcast this week, for a deep dive into Cultural Capital, one of the more intangible and less understood of the 8 Forms Of Capital. PeakProsperity.com readers may remember Mark from his front-line reporting for us of the situation in Standing Rock as the confrontation there with the government first escalated.

Cultural capital is rooted in society's values and traditions. Sadly, over the past few generations in the West, we have departed from the time-honored (and honed) customs and rituals of our ancestors, and adopted a much more "it's all about me" approach to life. 

The result, argues Morey, is a populace that feels isolated an unfulfilled. Those age-old traditions and rites of passage developed for a reason. They gave our lives meaning, as well as instructed us on how to live. 

Is there a way to recover some of that lost wisdom and sense of "fit" in life? Yes, Morey believes. And there's much the world's indigenous cultures can teach us.

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Categories: Economics

What Would a Community-Owned Food System Look Like?

Shareable Magazine - March 6, 2017 - 15:49

In 2012, the Sustainable Economies Law Center along with numerous active partners successfully advocated for the passage of the California Homemade Food Act (AB 1616, Gatto), also commonly known as California's "cottage food law." Thousands of small food businesses formed under the law during just its first year of implementation. However, the Homemade Food Act only allows certain "non-potentially hazardous" foods such as breads, pies, fruit jams, and other dried foods to be made in a home kitchen and offered for sale.

Categories: Economics

Tokyo's Taxi Industry Joined Forces to Resist Uber

Shareable Magazine - March 6, 2017 - 13:54

In 2015, Uber, the ride-hailing giant based in San Francisco, California that's been threatening the existence of taxi companies and trampling over regulations in numerous cities, entered Tokyo. What happened next was extraordinary. Uber's tactics backfired — both the taxi industry and the residents of Tokyo rejected the ride-hailing app.

Categories: Economics

Daily Digest 3/6 - Making America Broke Again, Losing Faith In Institutions

Chris Martenson - March 6, 2017 - 08:29
  • Americans have lost faith in institutions. That’s not because of Trump or ‘fake news.’ 
  • The Deep State vs. President Trump
  • Republican insider: Trump is creating Deep State 2.0, but it might crash the economy 
  • The Fed. Has Now Set The Stage For An Ides of March Moment
  • Trumponomics: Making America Broke Again, Part 1
  • 5 Graphics To Help You Understand President Trump's Conflicts Of Interest
  • Regulation May Stall The Future Of Energy Storage
  • Backlash greets Trump proposal to gut Great Lakes cleanup funding

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Categories: Economics

Daily Digest 3/5 - Trump's Military Ambition, America's Miserable 21st Century

Chris Martenson - March 5, 2017 - 10:10
  • America's Miserable 21st Century
  • This incredibly cheap house was 3D printed in just 24 hours
  • Trump’s Military Ambition: Raw Power as a Means and an End 
  • U.S. Airport Pat-Downs Are About to Get More Invasive
  • In the US, added wildfires due to carelessness, not just climate change
  • An English Sheep Farmer’s View of Rural America 

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Categories: Economics

Daily Digest 3/4 - Bitcoin Soars To Record Highs, Do Electronic Health Records Breed Burnout?

Chris Martenson - March 4, 2017 - 10:11
  • David Cay Johnston: Trump and Russia, 'He Lies as Easily as You and I Breathe'
  • The Ban, The Wall: Bearing Witness
  • The “Sinister” Side of Central Bank-Issued Digital Currency 
  • Obama and Biden Blast EHR Vendors for Data Blocking
  • Doctors: E-health records raise costs, don’t help patient outcomes
  • Do Electronic Health Records Breed Burnout?
  • Stop! This is NOT like the dot-com bubble... it’s much worse, according to this chart 
  • Good As Gold (Again)? Bitcoin Soars To New Record Highs
  • The Secret Wealth Of The World’s Richest Oil Billionaires
  • Fish under threat from ocean oxygen depletion, finds study

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Categories: Economics

Winning The Great Wealth Transfer

Chris Martenson - March 3, 2017 - 19:59
Executive Summary
  • There are too many claims on real wealth
  • Our currency has a destiny with the dustbin
  • When money dies, real wealth remains
  • How to ensure you're on the winning side of the Great Wealth Transfer

If you have not yet read Part 1: The Coming Great Wealth Transfer, available free to all readers, please click here to read it first.

Financial Repression is really just a stalling tactic designed to slowly take your purchasing power and help bail out an over-indebted system.  It works best when there’s wage inflation to help soften the blows; but there hasn’t been any of that in a long time, so the average household is just being crushed -- a situation easily confirmed in the observed elevated suicide rates, record opioid addiction levels and overdose rates, and ultra-low levels of job satisfaction. 

The main driver of the coming Wealth Transfer is rooted in the concept of too much money. And debt. They’re the same thing, as we have a debt-based money system. That is, our money is created through the issuance of debt.  One begets the other.  So we can track either (preferably both) to understand what’s really happening.

We do this here at Peak Prosperity because we very much want you to be on the right side of the Wealth Transfer.  Our goal is to educate, so that you can make informed decisions about how to best position yourself.  [Fun Fact: the root of ‘educate’ is the word ‘educe’ which means ‘to bring out.’  So for us, ‘educate’ does not mean to hand facts over for later recall, but rather it is a two-way process by which we can together bring out something that was hidden before and share that in common].

So, as we being to dig into the details here, take a moment to revisit our short Crash Course video chapters on money and money creation (at banks and The Fed). With that grounding, we can dive right into the role of money in an economy.

Remember, money and debt have no intrinsic value.  They only have value because we all agree that they do.  Money (and debt) has no intrinsic value beyond what we humans agree it has.  Money is a social agreement. 

A $20 bill has value because you and I agree that it does. Why we agree is because a $20 bill can do something for us. We can walk into a store and buy real things we need with it, therefore it has utility. If we couldn’t walk into a store and do anything with the money, then it would have no value at all.

For example, what do you think would happen if...

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Categories: Economics

The Coming Great Wealth Transfer

Chris Martenson - March 3, 2017 - 19:59

In the past, I've warned about the coming Great Wealth Transfer.  But now we need to talk about it in the present tense, because it’s here.

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Categories: Economics

Off The Cuff: Dying From Debt

Chris Martenson - March 3, 2017 - 10:44

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • The Coming Debt Explosion
    • Really? We're going to try to add more??
  • Pension Time Bomb
    • Going off sooner than most expect
  • The Evil Fed
    • It's policies are at the root of our economic predicament
  • The Revolution Is Brewing
    • Continental Europe will see the next iconoclast elected

The only thing more frightening than the massive overburden of debt weighing on today's economy is the recent trial balloon that we need to add a bunch more in order to spark economic growth. Chris and John slam this wrongheaded thinking, and direct our attention to the damage the effects of already having too much debt is wreaking on our future prospects.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Categories: Economics

Daily Digest 3/3 - Good News Friday: China Coal Consumption Drops, Are Insects the Future of Food?

Chris Martenson - March 3, 2017 - 10:17
  • Tiny fossils could be oldest evidence of life on Earth
  • Could SpaceX Really Launch People Around the Moon Next Year?
  • From Raising Consciousness to Raising Hell
  • The Wisdom of Nokia's Dumbphone
  • China's coal consumption drops again, boosting its leadership on climate change 
  • Are Insects the Future of Food?

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Categories: Economics

Little Free Library Launches 'Action Book Club' to Inspire Community Service

Shareable Magazine - March 2, 2017 - 12:14
Anyone familiar with Little Free Libraries — the free book exchanges in cities around the world — knows the powerful, transformative impact these little boxes have on communities. They create a sense of shared space, bring people together, and promote literacy. There are now over 50,000 Little Free Libraries in 70 countries.   
Categories: Economics

Daily Digest 3/2 - Utopia Inc., Rebooting the System From Inside The Death Machine

Chris Martenson - March 2, 2017 - 07:20
  • Beyond Trump: Rebooting the System from inside the Death Machine
  • End Of A Golden Age
  • Russian Billionaire Takes 74% Loss on $85 Million Gauguin
  • Fake Risk, Fake Return?
  • The Tyranny Of A Cashless Society Coming?
  • Passions run high as Kentucky Retirement Systems’ pension hole grows
  • Interconnected: Embracing Life In Our Global Society
  • Utopia Inc.
  • The Pentagon is building a ‘self-aware’ killer robot army fueled by social media
  • Energy, Money, and the Destruction of Equilibrium
  • Brillouin Energy Closes $7.75 Million Series B Round
  • Earthjustice: Trump Threatens Drinking Water For One In Three People
  • Five years after Fukushima: What have we learned from nuclear accidents?

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Categories: Economics