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Chris Martenson

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Insights for Prospering as Our World Changes
Updated: 4 hours 55 min ago

Daily Digest 3/26 - One Step From Meltdown, Trump Vs. Congress

March 26, 2017 - 09:10
  • Upset in France would have bigger impact here than Brexit or Trump
  • Trump Vs. Congress: Now What?
  • GOP Eyes Tax Overhaul -- And Lessons From Health-Care Failure
  • One Step From Meltdown
  • JNUG up, Stalled? Sell now or get JDST? What happens May 1
  • Russian Roulette, Central Banks, and Gold
  • OPEC In Trouble As Saudis Becoming Weary Of “Free Riders”
  • Food Waste, No More—Scientists Have Figured Out A New Use For Orange Peels

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Categories: Economics

Why This Market Needs To Crash

March 24, 2017 - 19:12

Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today's markets are dangerously overpriced.

Strange as it may sound, it's our opinion that the sooner a major market correction happens, the better. Crash now while there’s still chance of picking up the pieces afterwards and making something useful from them. The longer we push off the inevitable fall, the more destructive it will be and the more difficult it will be to recover from.

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Categories: Economics

Positioning Yourself For The Crash

March 24, 2017 - 09:05
Executive Summary
  • Why economic growth is not going to ride to the rescue
  • The alarming warning signs the auto, fine art, retail & housing industries are flashing now
  • The actions you should be taking now to protect yourself from (and position for) the coming crash

If you have not yet read Part 1: Why This Market Needs To Crash  available free to all readers, please click here to read it first.

Sometimes I wonder if I'm ever going to run out of new things to say about the state of the world, especially economics.  The more obvious our predicaments become to me, the less appetite there seems to be ‘out there’ to discuss them.

What more can be said about a system that is so obviously corrupt and destined to fail, and piles up more and more evidence that this is the case, and yet refuses to engage in the most minimal of introspection? 

Well, lots as it turns out. 

You see, we're finally getting to beginning of the end.  Our long national -- and global -- experiment with using flawed economic models is now running smack dab into reality.

The edifice of central planning omnipotence is crumbling and when it finally breaks down in earnest, the financial markets will implode, the central banks will be overrun and discredited, and investors will discover that overly-long parties come with massive hangovers.

There will be hell to pay.

For reasons we have discussed previously, and extensively,  GDP growth has not been a feature of the world stage for over a decade, and is unlikely to return both because of debt levels that are far too high to support rapid growth and because any return of rapid growth will run smack into higher oil prices.

So…how’s that story working out?  Not so hot.  It’s been sub-par on a global scale for more than a decade. And the same is true for the US.

And here’s where we are today...

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Categories: Economics

Daily Digest 3/24 - Good News Friday: Detroit Saved By Art, Treating Money Like Food

March 24, 2017 - 08:43
  • Detroit Exits Bankruptcy, Thanks to Its Art Museum
  • Want A Fat Bank Account? Treat Money Like Food
  • The microbes in your body that you couldn't live without
  • Dakota Access pipeline: ING sells stake in major victory for divestment push
  •  These Cities Are Pulling Billions From the Banks That Support the Dakota Access Pipeline
  • Americans Ate 19% Less Beef From ’05 to ’14, Report Says
  • The Penguins That Take A Morning Bath
  • Energy carbon emissions in 2016 flat for third year: IEA

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Categories: Economics

Off The Cuff: Weariness Everywhere In The Markets

March 23, 2017 - 13:43

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Weariness Everywhere In The Markets
    • The post-election price support is evaporating
  • Confused Leaders
    • Chris recaps his latest meetings at the U.N.
  • Boomer Guilt
    • Divisions between the older haves & younger have-nots are growing
  • Banks & Government
    • A partnership of evil

Charles returns to Off The Cuff this week to note the recent lack of vigor in today's financial markets. Does it portend a turning point?

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 3/23 - Financial Collapse Will Trigger Civil War, Valuing Military Over Energy

March 23, 2017 - 06:12
  • Inside the secret Trump lobby that wants to profit from the break-up of Iraq
  • Doug Casey: Financial Collapse Will Trigger Civil War
  • What’s Next For The Dollar, Gold & Stocks?
  • The New Subprime Risk
  • Don’t look now, but the market’s big money is eyeing the exit
  • Democrat Leader On Sound Money: “In 1868 Gold Was $27 An Ounce… Today It Is $1,218… So You Can’t Say Gold Will Protect Us From Inflation”
  • Omaha’s Answer to Costly Potholes? Go Back to Gravel Roads
  • The Meaning Of Life (Part 1)
  • Inside Alabama’s Auto Jobs Boom: Cheap Wages, Little Training, Crushed Limbs
  • Trump’s Budget: Valuing Military Over Energy

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Categories: Economics

Just 2 Weeks To Go!

March 22, 2017 - 19:33

If you've been thinking about attending this year's annual Peak Prosperity seminar in Rowe, MA (April 6-9), time is running out to make your decision.

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Categories: Economics

Daily Digest 3/22 - IL Unpaid Bills Hit Milestone, Pension Woes Continue

March 22, 2017 - 06:17
  • Illinois teachers' pension spiking continues despite $130 billion deficit
  • Rising Pension Debts Checking Muni Supply, Morgan Stanley Says
  • Is the Dallas Police and Fire Pension Crisis the Canary in a National Coal Mine?
  • Illinois' Unpaid Bills Hit Milestone
  • Is Le Pen miles ahead in French polls? 'Secret polls' claim National Front candidate is actually far more popular with voters than official surveys forecast
  • The Balance Sheet Worry for Global Central Banks
  • BOJ’s mission to reflate economy incomplete

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Categories: Economics

Daily Digest 3/21 - The World's Deepest Oil Well, The Mistake That Will Upend Your Retirement

March 21, 2017 - 07:22
  • The mistake that will upend your retirement security
  • School Choice Fight in Iowa May Preview the One Facing Trump
  • This Article Won't Change Your Mind
  • Taxes Are Your Money
  • Global carbon emissions continue to stabilize, US has 3% drop
  • Is A Russian-Iranian Energy Pact In The Making?
  • Visualizing The World’s Deepest Oil Well
  • Trying To Avoid Pesticides In Your Food? Maybe Don’t Buy Those Strawberries

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Categories: Economics

Robb Wolf: Wired To Eat

March 20, 2017 - 09:14

As human animals, our genetic programming pushes us to optimize caloric intake with the minimal amount of effort expended. The food industry knows this, and has for decades been developing "foods" scientifically engineered to appeal to that evolutionary drive. That result? An explosion in obesity, chronic health conditions like diabetes, and a society shamed by itself.

Robb Wolf's guidance revolves around working with, not against, our primal wiring. Eating more, but of the fuel our body truly needs, is much better than merely eating less of the processed gunk sold to us in most aisles of the grocery store.

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Categories: Economics

Daily Digest 3/20 - FBI Probing Trump-Russia Ties, How Bankers Exploit The Economy

March 20, 2017 - 08:00
  • How Bankers Became the Top Exploiters of the Economy
  • CryptoCurrency Investing: Research and Due-Diligence
  • Populist Politics And The Dutch Elections
  • Comey Confirms FBI Probing Trump-Russia Ties During '16 Campaign
  • In Gold We Trust
  • The Reclusive Hedge-Fund Tycoon Behind The Trump Presidency
  • Can NYC Reach Its Renewable Energy Storage Goals?
  • Charts of US Gasoline Sales: The US is Bleeding Out Badly. Retail sales by refiners have collapsed by up to 90% in some states

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Categories: Economics

Daily Digest 3/18 - How The Media Manipulates The World Into War, Restoring America’s Rural Towns

March 18, 2017 - 08:03
  • Hedge-fund shutdowns last year were most since 2008
  • Trump Deflects Blame for U.K.'s Anger Over Spying Allegation
  • Faking It: How the Media Manipulates the World into War
  • Dutch voters reject anti-Islam candidate
  • What Happens If a Nuclear Bomb Goes Off in Manhattan?
  • Republicans Start Lining Up to Fight for the N.E.A. and N.E.H.
  • Tax Breaks Could Save U.S. Oil Industry Billions
  • Small-Scale Farming Could Restore America’s Rural Towns

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Categories: Economics

Banks Are Evil

March 17, 2017 - 17:05

I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.

Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I'm choosing that word deliberately: Evil.

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Categories: Economics

Off The Cuff: Bewitched, Bothered & Bewildered

March 17, 2017 - 11:37

In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:

  • Rate Hike!
    • The Fed just increased the interest rate by 0.25%
  • Scam-o-rama
    • The financial system is now a racketeering fraud
  • The Net Energy Predicament
    • The unseen cause of so many of the systemic breakdowns we're seeing
  • The Deep State In Turmoil
    • The Trump administration has set off an internal war

James Howard Kunstler returns to Off The Cuff this week for a wide ranging discussion. First on the docket is the recent Fed rate hike, and the baffling logic that markets are using to interpret is as another "bullish" signal for piling into stocks. 

No surprise, Jim thinks the markets have become one big roach motel for investment capital. 

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 3/17 - Good News Friday: Carbon Farming In LA, Increasing Productivity

March 17, 2017 - 06:35
  • Can Declining Productivity Growth Be Reversed?
  • This Is What Taking Your City Back Looks Like 
  • Cholesterol-Slashing Drug Can Protect High-Risk Heart Patients, Study Finds 
  • Holi 2017: The Festival of Colors
  • Carbon Farming In Los Angeles
  • A Harvest Underneath The Ice

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Categories: Economics

Daily Digest 3/16 - Bird Flu Comes To TN, Trump's 'America First' Budget Unveiled

March 16, 2017 - 07:41
  • In Trump Budget, More for Military, as His Supporters May Lose out
  • Death, Debt, Devaluation, And Taxes
  • Stem cell clinic masquerading as legit research blinds three in Florida
  • Sunny Days Ahead For Solar Power
  • Did you miss that last JNUG Signal?
  • Why Carl Icahn And Valero Are Pushing For Biofuels Changes In Washington
  • 2 of a Farmer’s 3 Children Overdosed. What of the Third — and the Land?
  • USDA Issues Update on Highly Pathogenic Avian Influenza in Tennessee

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Categories: Economics

How Rich Is Your Knowledge Capital?

March 16, 2017 - 06:36

The best way to defend yourself against the risk of 'losing it all' is to have an important part of your wealth stored between your ears, where it can't be taken from you.

If bad fortune should intervene and you lose your financial wealth, or you need to move away from your current community and start all over again, you'll be able to build a future if you have valuable skills, knowledge and expertise to rely on.

This will be especially true if the future unfolds the way we expect, where declining energy yields and economic stagnation sentence us to doing less. In such a world, a much higher premium will be placed on those individuals who know how to create value. Who know how to get things done. 

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Categories: Economics

Mark Morey: Cultural Capital (Part 2)

March 15, 2017 - 08:23

This is Part 2 of our podcast with social activist Mark Morey. (Part 1 can be heard here)

Much of society's ills can be resolved through changing our behavior. Native populations are a rich resource of wisdom in doing so, as they had to address many of these same problems centuries ago. The question is: Will we take the time to listen?

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Categories: Economics

Daily Digest 3/15 - Total U.S. Debt $69T, Student Loan Defaults On The Rise

March 15, 2017 - 07:33
  • More than 1 million student loan borrowers went into default last year
  • Pennsylvania GOP lawmakers sobering to huge budget deficit
  • Plan to save S.C. pension would make local governments pay
  • Board to Puerto Rico: Cut pension system, impose furloughs
  • Rising rates will speed up the clock on retail's $3.7 billion time bomb
  • Chinese Leaders Back Bankruptcies for Unwanted Zombie Firms
  • Student loan defaults are rising faster than you think
  • BOK under fire for error in household debt statistics
  • Just so you know: Total U.S. debt and other obligations now total $69 trillion

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Categories: Economics

Daily Digest 3/14 - Iceland Lifts Capital Controls, In Praise Of Cash

March 14, 2017 - 10:00
  • Iceland, Symbol of Financial Crisis, Finally Lifts Capital Controls
  • In Praise Of Cash
  • The social media “echo chamber” is real
  • No Magic in How G.O.P. Plan Lowers Premiums: It Pushes Out Older People
  • The Monumentally Expensive Quest to Pull Off an Alaskan Oil Miracle
  • Will a New Glass Battery Accelerate the End of Oil?
  • Oil Steadies Itself Ahead Of Big Week
  • Fortress Of Plenitude

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Categories: Economics