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Chris Martenson

Syndicate content Peak Prosperity
Insights for Prospering as Our World Changes
Updated: 32 min 8 sec ago

Daily Digest 5/24 - CA Single Payer Proposal Could Run $400B, LA Budget "A Train Wreck"

8 hours 42 min ago
  • Tab For Single-Payer Proposal In California Could Run $400 Billion
  • Lawmaker says Chavez's childhood home set aflame (Venezuela)
  • LA’s Budget: A Train Wreck
  • Chicago school board to consider up to $500 million more long-term borrowing
  • Puerto Rico pension, highway agency join government in bankruptcy
  • Kentucky Needs $700 Million More Per Year for Pension Debt
  • Top credit agency fears Sydney is a bubble that could burst
  • The day China’s version of the Lehman crisis explodes
  • Canada Must Deflate Its Housing Bubble

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Categories: Economics

Daily Digest 5/23 - Sea Level Rise 'Accelerating,' Adverse Childhood Experiences Trigger Addiction

May 23, 2017 - 08:58
  • Even Harley-Davidson Can’t Resist the Tug of Overseas Factories
  • Addiction doc says: It’s not the drugs. It’s the ACEs – adverse childhood experiences
  • An Underground College For Undocumented Immigrants
  • Pew Research
  • Shale Oil & Gas Production Costs Spiral Higher As Monstrous Decline Rates Eat Into Cash Flows
  • The 5 Possible Outcomes Of The OPEC Meeting
  • My Electric Bike is Not ‘Cheating.’ And It Could Replace Cars for Millions of People
  • New sea level estimates show strong, recent acceleration

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Categories: Economics

Daily Digest 5/22 - What The Health Insurance Market Needs, Lights Going Out In The Middle East

May 22, 2017 - 07:48
  • The Lights Are Going Out In The Middle East
  • Where Both the ACA and AHCA Fall Short, and What the Health Insurance Market Really Needs
  • Longer jail sentences do deter crime, but only up to a point
  • It Pays To Ignore Wall Street
  • Modernism - Part Three
  • U.S. regulators approve VW diesel fix for 84,000 vehicles
  • “By 2030, 95% Of Consumers In The World Won’t Own A Car”
  • The Race to Understand Black Carbon’s Climate Impact

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Categories: Economics

Joel Salatin: Curing Society's Constipation Of Imagination

May 21, 2017 - 17:19

The always colorful "renegade farmer" Joel Salatin returns to the podcast this week to share his latest thoughts on creative yet practical solutions society could and should be pursuing vs limiting and litigating everything under the sun.

Much of what's needed is a shift in thinking and priorities, says Salatin. And it starts with embracing initiative, accountability, and a 'do more with what we have' mentality -- which stands in stark contrast to the "we just need more stuff" narrative of today's status quo.

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Categories: Economics

Daily Digest 5/20 - Trump Won't Break Up Big Banks, Who's Hiring and Who's Firing

May 20, 2017 - 08:46
  • Employment: Pick a Number, Any Number
  • It's Official: The Trump Administration Won't Break Up Big Banks
  • Betsy DeVos hits hard reset on student loan servicing contracts
  • Who’s Hiring? (Software Companies) Who’s Firing? (Hardware)
  • Brain Region Found to be Associated With Fear of Uncertain Future
  • Silver: Train Leaving Station Soon
  • New French Science Minister Appointed
  • The Painful Truth About Teeth 
  • America's Largest Pension Fund Has Dumped a Fortune Into Monsanto Stock
  • The Secret Life Of Urban Crows

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Categories: Economics

Prepare For The Great Global Contraction

May 19, 2017 - 17:01
Executive Summary
  • The repercussions of the Fed's Free Money Machine
  • Why debt-funded state control stagnates productivity
  • The importance of the 8-year cycle
  • What should guide investors' focus and decisions

If you have not yet read Part 1: How Long Can The Great Global Reflation Continue? available free to all readers, please click here to read it first.

In Part 1, we asked these questions: can we just keep doubling and tripling the economy’s debt load every few years? What if household incomes continue declining? Are these trends sustainable?

In the near-term, we asked: is this Great Reflation running out of steam, or is it poised for yet another leg higher? Which is more likely?

Let’s start by looking at the mechanism that funds the government’s deficit spending, i.e. its ability to borrow and spend enormous sums of money year after year.

The Free Money Machine

The state can afford to continue or increase fiscal stimulus (deficit spending) because the central bank (the Federal Reserve) has created what amounts to a free money machine. Here’s how the machine works.

The federal government issues $1 trillion in new bonds to fund another $1 trillion in deficit spending. The central bank (Federal Reserve) creates $1 trillion with a few keystrokes, and buys the $1 trillion in bonds with newly created money.

The Federal Reserve earns interest on the $1 trillion in bonds it now owns, but it returns this income to the Treasury, minus the Federal Reserve’s relatively modest expenses of operation. Let’s say the bonds carry an interest rate of 2.5%.  The government pays the Federal Reserve $25 billion in annual interest, and the Federal Reserve returns $20 billion annually, so the net cost of borrowing and spending $1 trillion is an insignificant $5 billion.

If this isn’t entirely free money, it’s extremely close to free money.

So in ten years, the Federal Reserve owns $10 trillion more in federal bonds (assuming the bonds are long-term and didn’t mature).

It's no wonder that some economist propose...

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Categories: Economics

How Long Can The Great Global Reflation Continue?

May 19, 2017 - 17:01

Given the extraordinary failure of both Keynesian stimulus and private-sector credit growth to create a self-sustaining cycle of expansion whose benefits flow to the entire workforce rather than to the top few percent, what can we expect going forward? Can we just keep doubling and tripling the economy’s debt load every few years? What if household incomes continue declining? Are these trends sustainable?

In the near-term, is this Great Reflation running out of steam, or is it poised for yet another leg higher? Which is more likely?

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Categories: Economics

Daily Digest 5/19 - Good News Friday: Rooftop Agriculture In Brooklyn, The Secret to Killing Superbugs

May 19, 2017 - 07:54
  • 50 floating screens will clean the Pacific garbage patch next year
  • Coastal Liberals Look Out: The Working Class Is the New Face of Activism
  • For Voting Rights Advocates, Court Decision Is ‘Temporary Victory’
  • New York’s Legislature Is On The Brink Of Passing Universal Healthcare
  • This wasn't just a primary victory. This was a revolution
  • Brooklyn’s Newest Condo Amenity: Rooftop Agricultural Plots
  • Where a solar roof works and where it doesn’t
  • Komodo Dragon Blood May Hold the Secret to Killing Superbugs

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Categories: Economics

Off The Cuff: Volatility Attacks!

May 18, 2017 - 23:03

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

  • Volatility Attacks!
    • The market calm is suddenly shattered
  • Trading A Credit Crisis For A Currency Crisis
    • How all this ultimately ends
  • Misuse & Abuse Of Power
    • Is the norm these days, not the exception
  • The Coming Reset
    • Yes, it will be painful. But let's focus on what we want to come afterwards

In this week in which volatility in the markets -- which has been MIA for longer than any other time in history -- has suddenly come roaring back, Chris and John focus on the inherent fragility of the financial system, which is now utterly dependent on continued central bank subsidization. 

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 5/18 - The Malware That Wreaked Chaos, Has Global Oil Demand Really Surpassed Supply?

May 18, 2017 - 07:03
  • The Malware That Wreaked Global Chaos
  • Fluxology revisited — how Steven Chu will save us
  • Payoffs From Putin to Trump? McCarthy Says No, He Was Just Kidding
  • Falling U.S. Jobless Claims Add to Signs of Labor Tightness
  • $6.40 an hour for nine years: how I got stuck in a career as a Walmart employee
  • US immigration arrests surge 40% under Donald Trump
  • Has Global Oil Demand Really Surpassed Supply?
  • Where Have All The Insects Gone?

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Categories: Economics

Daily Digest 5/17 - Playing Catch-Up On Pension Funding, Italy Inflation and Debt Rise

May 17, 2017 - 06:32
  • Vermont Health Insurer Asks to Increase Rates 12.7 Percent
  • Fairfield pension costs projected to reach $37.5M yearly
  • Playing catch-up on public pension funding
  • Forget Puerto Rico, What About U.S. States' Soaring Pension Debts?
  • Gov. Malloy Revises Budget To Plug $2.5 Billion Deficit
  • Italy Inflation, Debt Rise
  • Italian economy to shrink slightly this year: S&P

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Categories: Economics

Daily Digest 5/16 - Paper vs. Physical Silver, Everything Bubble: Code Red

May 16, 2017 - 08:52
  • Millennial to Millionaire: Stop Blaming Avocado Toast for Why We’re Not Buying Houses
  • Trump confirms he shared intel with Russia’s foreign minister
  • Selected Articles: The North Korea Nuclear Issue
  • PAPER vs. PHYSICAL: The Amazing Amount Of Leverage In The Silver Market
  • Everything Bubble: Code Red
  • Congress Is Coming After Your 401(k)
  • Anti-net neutrality spammers are flooding FCC's pages with fake comments
  • Artificial Intelligence Is Crucial For The Energy Industry
  • How a Melting Arctic Changes Everything Part II: The Political Arctic

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Categories: Economics

More On 'Being' (Free Webinar)

May 15, 2017 - 18:48

On this coming Monday, May 22 at 4pm EST, Chris and Becca will hop online to expound on key practices that can help each of us navigate how we want to "be" in the arriving future. And they'll leave ample time for live audience Q&A.

If the time of the webinar is inconvenient for you, don't worry. Everyone who registers for it will receive a link to an archive video of the webinar, which you can replay to your hearts content.

If this of interest to you, register now for this free webinar.

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Categories: Economics

Daily Digest 5/15 - How Venezuela Got To The Brink Of Collapse, Is Our Kids' Diet Making Them Sick?

May 15, 2017 - 06:30
  • CT takes another credit rating hit on Wall Street
  • Why We Should Be Concerned About Low Oil Prices
  • Your Vote Didn't Count, and the Board Didn't Tell You in Time to Do Anything About It
  • How Venezuela Stumbled to the Brink of Collapse
  • The Economist Who Helped Write Trump’s Tax Plan in Five Days
  • Here’s Why You’ll Pay Higher Gas Prices Whatever The Market
  • GloBull Warming Hokum On 'Earth Day'
  • Is Our Kids' Diet Making Them Sick?
  • Sullied seasoning: Sea salts come with a dash of microplastics

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Categories: Economics

Leanne Baker: Investing In Gold & Silver Mining Companies

May 14, 2017 - 11:44

For precious metals investors looking to increase their exposure to this asset class beyond owning bullion or gold and silver ETFs, mining companies are a natural consideration. Their prices usually move much more dramatically in response to smaller price moves in the underlying metals they mine. In a bull market, it's very possible for the share prices of these companies to increase by hundreds of percents within a year or two.

But there are a lot of gold and silver mining companies out there, many of which are small operators. Risk abounds in this sector. And for the past half-decade, most of these companies have been absolute widow-makers for investors. How do we identify which companies are worth considering and which should be avoided? How (if at all) should the small investor go about gaining exposure to precious metals mining companies?

To address this, Dr. Leanne Baker, former mining analyst at Solomon Smith Barney and current director of Agnico Eagle Mines Ltd, joins the podcast this week.

Click the play button below to listen to Chris' interview with Leanne Baker (46m:16s).

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Categories: Economics

Daily Digest 5/14 - Signs Of Oil Boomlet In ND, The Link Between Exhaust And Alzheimer's

May 14, 2017 - 10:14
  • An NSA-derived ransomware worm is shutting down computers worldwide
  • Modernism, Part 2
  • What Does Trump See When He Looks Back In History? Mostly He Sees ... Trump
  • Signs Of Oil Boomlet In North Dakota After Pipeline Finished
  • How we discovered a possible link between car exhausts and Alzheimer’s
  • Paleobiology Database Navigator

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Categories: Economics

Daily Digest 5/13 - The U.S. Affordable Housing Crisis, Where Have The Insects Gone?

May 13, 2017 - 07:36
  • Moody’s downgrades credit ratings of Canada’s Big Six banks
  • Making Sense of the “Super Fuse” Scare 
  • Are You Ready To Die?
  • Every U.S. County Has an Affordable Housing Crisis
  • Banks Are Failing Again in America
  • Taking Down Terrorists In Court
  • Seeing With Your Tongue
  • Where Have All The Insects Gone?

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Categories: Economics

How To Be

May 12, 2017 - 18:02
Executive Summary
  • Understanding The Ego & How It Can Be Manipulated
  • Shifting Our Own Minds
  • Creating A World Worth Inheriting
  • Becoming The Change We Wish To See

If you have not yet read Part 1: The Way To Save Ourselves available free to all readers, please click here to read it first.

In beginning to tackle this big topic, first, let's take a closer look at the ego.

The Ego

Humans are indeed set apart from the other sentient species on the planet such as dogs, elephants, whales, and dolphins. But what makes us 'special’ is not the use of language or tools. Plenty of other animals make use of both.  Humans seem to be unique in having an ego. 

The ego is the part of the mind we interact with (almost) entirely each day. It mediates between the conscious and unconscious parts of ourselves, and is how we interact with the world. It forms our sense of personal identity.  For most people it's a fair statement to say they are their ego.  They identify with it fully, just as I did with mine until not that long ago.

The ego thinks, assumes, that it is everything about you

One feature of the ego is that it is always, and forever, in a state of wanting.  It needs more and more and MORE all the time.  The ego sets goals and attains them, but is rarely if ever satisfied by reaching a goal.  If it obtains one, it immediately sets a new one. Therefore it remains in a perpetual state of wanting as it strives towards each new goal.

Ekhart Tolle, who has had a huge impact on my thinking, puts it this way...

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Categories: Economics

The Way To Save Ourselves

May 12, 2017 - 18:02

It’s time to be blunt: Humans are headed towards disaster. 

Most of us already know this.  Some consciously, others unconsciously.

No matter if it's consciously or unconsciously, everybody who ‘knows’ that something is terribly wrong is correct.

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Categories: Economics

Off The Cuff: Too Many Balls In The Air

May 12, 2017 - 12:26

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • Too Many Balls In The Air
    • The central banks are losing control of them all
  • Growing Risk In Europe
    • Macron's victory masks huge looming problems
  • Without Continued Central Bank Balance Sheet Expansion...
    • ...The markets will crash
  • Things Don't Matter Until They Do
    • Why the crash will happen unbelievably quickly

This week Chris and Mish enumerate how completely dependent today's financial market prices are on the continued expansion of central bank balance sheets around the world.

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