User login

Chris Martenson

Syndicate content Peak Prosperity
Insights for Prospering as Our World Changes
Updated: 1 hour 49 min ago

Daily Digest 9/20 - MD ACA Premiums Could See 50% Increase, 'Time Running Out' On PA Downgrade

September 20, 2017 - 07:31
  • Maryland premiums for ACA policies will could see up to a 50% increase in 2018
  • Health Care Costs Expected To Rise Because Of New Specialty Drugs
  • With Increased Pension Costs on Horizon, Taylor Mill to Join Ft. Wright in Lawsuit (Kentucky)
  • Wolf says time running out on budget deal before downgrade (Pennsylvania)
  • CFPB Settles With Owners of Wall Street's Worst Student Debt
  • Hurricane Maria poses new threat to debt-laden Puerto Rico
  • Global debt may be understated by $13 trillion: BIS
  • New Thinking and Different Actions
  • Admiral, Captain Fired as Investigation into Ship Collisions Continues

Join the conversation »

Categories: Economics

Daily Digest 9/19 - The Case Against Civilization, How Brazil Got Hooked On Junk Food

September 19, 2017 - 05:49
  • The Next Crisis Will Start in Silicon Valley
  • How Big Business Got Brazil Hooked on Junk Food
  • POTUS, Politics And Parenting
  • The Case Against Civilization
  • A Weekend of Protest in St. Louis
  • Trump admin wants to allow seismic study of Alaska refuge for oil drilling
  • Oil Price Volatility Is Set To Return
  • Rethinking the ‘Infrastructure’ Discussion Amid a Blitz of Hurricanes

Join the conversation »

Categories: Economics

Off The Cuff: It's A Mad, Mad, Neo-Con World

September 18, 2017 - 15:36

In this week's Off The Cuff podcast, Chris discusses:

  • It's A Mad, Mad, Neo-Con World
    • US foreign policy is becoming increasingly reckless
  • The Beginning Of The End For The Petrodollar?
    • China is challenging the dominance of the dollar
  • Gold: The Oppressed
    • Perhaps the most suppressed asset in modern history?
  • Upcoming PP events
    • Come join us in New Orleans and/or Munich

Chris flies solo again this week to make sense of the many geo-political risks popping up as the long-time axis of global stability becomes more and more wobbily and destabilized. There is much in US policy that appears increasingly reckless, pitting America increasingly against the world's other major powers.

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.

Join the conversation »

Categories: Economics

Daily Digest 9/18 - Gulf Coast Refiners Bouncing Back, China Getting Tougher On NK

September 18, 2017 - 06:30
  • CM: China Dollar Dump Means Hyperinflation
  • China is getting tougher on North Korea—to stop the US from getting tougher on it
  • Are You One of the 143 Million Americans Just Hacked?
  • ‘We’ve Been Breached’: Inside the Equifax Hack
  • Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds
  • Cleaning And Scavenging: The Blessings Of Hurricane Irma
  • U.S. Gulf Coast Refiners Are Bouncing Back
  • Independent Monitors Found Benzene Levels After Harvey Six Times Higher Than Guidelines

Join the conversation »

Categories: Economics

Julie MacQueen: Chocolate!

September 17, 2017 - 18:51

In this week's podcast, Chris profiles Julie MacQueen, founder and CEO of Pure7 Chocolate.

Her story is that of the small entrepreneur, one who has sought to innovate a healthier way to enjoy one of life's tastiest foods. Chris and Julie talk about the journey of product development, as well as the challenges of starting up a business and engaging those interested in local investing.

Join the conversation »

Categories: Economics

Daily Digest 9/17 - Pension Storm Warning, How different are wild salmon from farm salmon? A lot, DNA shows.

September 17, 2017 - 11:22
  • Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely?
  • Pension Storm Warning
  • The Most Bullish Oil Report This Year
  • Take 2 Hikes and Call Me in the Morning
  • North American Ash Tree, Madagascan Grasshopper On Brink Of Extinction
  • How different are wild salmon from farm salmon? A lot, DNA shows.
  • The great nutrient collapse

Join the conversation »

Categories: Economics

Daily Digest 9/16 - How Rich Chinese Use Visa Fixers to Move to the U.S., Plastics Won’t Save Oil

September 16, 2017 - 09:10
  • Harvey, Irma, Gold and Bad Options
  • Amazon Is Going to Wipe Out the Supermarkets
  • If You Think Basic Income is “Free Money” or Socialism, Think Again
  • How Rich Chinese Use Visa Fixers to Move to the U.S.
  • Hugh Hendry Closes Shop Amid “Almost impossible” Environment For Small Funds
  • Plastics Won’t Save Oil
  • UVic scientist says peak contamination levels from Fukushima disaster are now known

Join the conversation »

Categories: Economics

Smart Strategies For Building & Managing Your Cash Savings

September 15, 2017 - 17:47
Executive Summary
  • Is it better to hold cash in savings/checking accounts, or securities accounts?
  • Where will the dollar likely from here?
  • What will likely happen with retirement accounts?
  • Ways to diversify your cash risk

If you have not yet read Part 1: The Cardinal Sin Of Investing: Permanent Impairment Of Capital available free to all readers, please click here to read it first.

The Role Of Cash In The Informal Economy

In stagnating formal economies burdened by over-regulation, high taxes and financialization, one of the few bright spots for employment and entrepreneurism is the informal or cash economy.  The more stultified and elite-dominated the economy, the larger and more vibrant the informal economy.  In some highly regulated, high-tax European nations, up to 30% of the economic activity is underground/cash.

The elimination of central bank currency will not eliminate the informal economy. Rather, the participants in this sector will adopt non-central bank issued forms of cash—precious metals, coins, other nations’ paper money, perhaps even digital currencies such as bitcoin or its gold-linked cousins (Bitgold, etc.)

Those with little income often do not have bank accounts, as the fees are costly. Eliminating cash will hit the poor who earn money in the informal economy especially hard. Though the poor are essentially powerless in our influence-is-auctioned-to-the-highest-bidder system, this could change once the working poor who benefit from the cash economy are pushed even deeper into poverty by the banning of cash.

That might spark...

Join the conversation »

Categories: Economics

The Cardinal Sin Of Investing: Permanent Impairment Of Capital

September 15, 2017 - 17:47

Permanent impairment of capital is the cardinal sin of investing.

Well, today's markets present a clear and present danger of coming capital impairment for those who don't take prudent action in advance of a market downturn. Don't be guilty of inaction.

 

Join the conversation »

Categories: Economics

Daily Digest 9/15 - Good News Friday: The Cassini spacecraft crashed into Saturn, Nun With A Chainsaw Becomes Symbol Of Post-Irma Cleanup

September 15, 2017 - 10:57
  • 99-year-old grandpa still works on the family farm, providing an example for his kids and grandkids
  • The Cassini spacecraft crashed into Saturn, ending a successful 20-year mission
  • Bank Wants to Help Customers Affected by Hurricane, Waives 3 Big Fees in Florida
  • Nun With A Chainsaw Becomes Symbol Of Post-Irma Cleanup: 'She Rocks'
  • West Virginia House Unanimously Approves Commercial Hemp Farming
  • After the Hurricane, Solar Kept Florida Homes and a City's Traffic Lights Running
  • The Majestic Long-Endangered Snow Leopard is Not Endangered Anymore

Join the conversation »

Categories: Economics

Daily Digest 9/14 - Bitcoin Crashes After Chinese Exchange Says It Will Halt Trading, Pentagon is still preparing for global warming

September 14, 2017 - 10:56
  • California's housing crisis — it's even worse than you think
  • The $10 Trillion Resource North Korea Can't Tap
  • Bitcoin Crashes After Chinese Exchange Says It Will Halt Trading
  • Investment Advice for My Children & Grandchildren
  • US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions
  • Hurricane Irma’s Wrath Weighs On Natural Gas
  • Pentagon is still preparing for global warming even though Trump said to stop
  • Four underappreciated ways that climate change could make hurricanes even worse

Join the conversation »

Categories: Economics

WATCH NOW: Dangerous Markets Webinar

September 13, 2017 - 09:14

This week's Dangerous Markets webinar  is free to PeakProsperity.com's enrolled members.

Here is the replay video of the event:

Join the conversation »

Categories: Economics

Daily Digest 9/13 - Austria tests new waters by marketing 100-year bond, Harvey, Irma deliver one-two punch

September 13, 2017 - 08:51
  • U.N. rights boss sees possible "crimes against humanity" in Venezuela
  • Comptroller to prioritize backlogged bills with highest interest rates (Illinois)
  • Harvey, Irma deliver one-two punch to battered flood insurance program
  • Hurricanes Harvey and Irma may have caused up to $200 billion in damage, comparable to Katrina
  • UK cost-of-living crisis grows as dearer imports push inflation to 2.9%
  • Austria tests new waters by marketing 100-year bond
  • Americans' Borrowing Hits Another Record. Time To Worry?

Join the conversation »

Categories: Economics

Daily Digest 9/12 - The Two Nations Leading The Wind Power Race, Hundreds of dead birds found on Bering Sea shores

September 12, 2017 - 10:48
  • Never Forget: The US Government Has A Known History Of Using False Flags
  • American Working Women Finally Earn 80 Cents on a Man's Dollar
  • How OPEC Was Hurt By The Hurricanes
  • A $150 Billion Misfire: How Disaster Models Got Irma Wrong
  • As Amazon Pushes Forward With Robots, Workers Find New Roles
  • The Two Nations Leading The Wind Power Race
  • Hackers infiltrated power grid controls in the US and abroad
  • Hundreds of dead birds found on Bering Sea shores

Join the conversation »

Categories: Economics

Last Chance To Register For The Dangerous Markets Webinar

September 11, 2017 - 14:26

If you have not yet registered for the Dangerous Markets webinar, which will take place at noon EST this Wednesday Sep 13th, time is quickly running out.

Chris and I are extremely excited for this one, as the featured presenters -- Grant Williams and Lance Roberts -- are two of our favorite market analysts. Both have done truly excellent work recently in identifying the key indicators to track as the current Mother Of All Financial Bubbles tops out and prepares to burst. This will be a very data-rich discussion (in other words, you chart geeks are going to be in heaven).

The price to participate in this webinar is $25, unless you are an enrolled member of PeakProsperity.com (i.e. paying subscriber with access to our 'Insider' content). In that case, it's FREE

Join the conversation »

Categories: Economics

Daily Digest 9/11 - Irma knocks out power, Central Banks Have Purchased $2 Trillion In Assets In 2017

September 11, 2017 - 09:41
  • Central Banks Have Purchased $2 Trillion In Assets In 2017
  • Dear President Trump: America is in for a Rude Awakening in January
  • Millennials Are the Key to the Highest Gains
  • Your Next Phone Will Probably Cost You $1,000
  • Irma knocks out power to more than 6 million in Florida
  • In the push for oil embargo on North Korea, China is reluctant to sign off
  • Goldman: Harvey, Irma Cause 900,000 Bpd Drop In Demand
  • Tick escapes during Japanese press conference on deadly disease prevention
  • Calling the Turn
  • Hurricane Irma Sucked The Ocean Away From Florida And Bahamas Beaches

Join the conversation »

Categories: Economics

Matthew Stein: When Disaster Strikes

September 9, 2017 - 20:58

To make sense of which steps are most important to take soonest when preparing for a major disaster, we've invited Matthew Stein back on the program.

Mat is a design engineer, green builder, and author of the two bestselling books: When Disaster Strikes: A Comprehensive Guide to Emergency Planning and Crisis Survival (Chelsea Green 2011), and When Technology Fails: A Manual for Self-Reliance, Sustainability, and Surviving the Long Emergency (Chelsea Green 2008).

On this week's podcast, Mat details his recommended steps for those facing imminent threat of crisis (Hurricane Irma), those with more time to prepare for one (Hurricane Jose), and those dealing with the aftermath of disaster (Hurricane Harvey).

 

Join the conversation »

Categories: Economics

Daily Digest 9/9 - OPEC Fails To Cut Oil Exports, Irma’s Approach Shifts to Gulf Coast

September 9, 2017 - 09:46
  • House Passes Deal on Storm Aid, Debt Limit, Government Funding
  • Equifax’s Instructions Are Confusing. Here’s What to Do Now.
  • Irma’s Approach Shifts to Gulf Coast, Keeps Florida on Edge
  • Thoughts on Poland
  • OPEC Fails To Cut Oil Exports Below 2016 Levels
  • China Declares Support For Punitive Action Against North Kore
  • Major Earthquake Strikes Off Southern Coast Of Mexico, Killing Dozens
  • Who’s Backing Scott Pruitt to Head the EPA? The Koch Brothers.

Join the conversation »

Categories: Economics

How To Deal With Our Dangerous Markets And Failing Future

September 8, 2017 - 20:25
Executive Summary
  • Controlled markets can't be controlled forever
  • Confidence is beginning to fail, even at the top
  • The leading indicators to monitor closely
  • The reason to get excited about gold & silver again

If you have not yet read Part 1: Who’s Going To Eat The Losses? available free to all readers, please click here to read it first.

As we recently covered in this week's special webinar, the geopolitical tensions across the world, alone, should have created some sort of ‘risk off’ response in the equity markets.  With China, Russia and North Korea all increasingly at odds with the US for a wide variety of reasons, it’s very hard to make a case that Everything is Awesome!

Instead, it’s very easy to make the case that the world is on the brink of a period of destructive trade wars, if not actual 'hot' wars. 

Again, that alone should be introducing some uncertainty, some ‘risk off’ behaviors by which we mean some sort of a selloff in equities. But that’s just not the case.

In fact, the current stock ramp-up is the second longest without even a 3% sell-off in all of US equity history.

It's my firm belief that these calm markets do not represent the collective wisdom of millions of independent traders and investors.  They are instead the result of both direct and indirect support of said markets by monetary authorities and their proxies. That is, the central banks and the big banks they actually represent and look out for. 

But this lack of volatility will have a very painful cost some day. No different than in a political crisis where an oppressed people finally rise up, the suppression of market volatility will spill over and...

Join the conversation »

Categories: Economics

Who’s Going To Eat The Losses?

September 8, 2017 - 20:25

Younger generations that are being asked (goaded?) to step into an increasingly flawed future begin to resist. Which is completely understandable. They have nothing to gain if the status quo continues.

At the same time, the older generations mostly just settle into a stubborn insistence that everything will be fine if everyone will just do more of precisely what got us into the mess in the first place. Younger people should step up to make sure Medicare/Social Security/pensions remain fully funded, and buy the financial assets and homes of downsizing seniors at top dollar. The boomers have everything to lose if the status quo changes.

What happens when a culture’s dominant narratives are not just unsatisfactory, but entirely unworkable? 

Join the conversation »

Categories: Economics