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Chris Martenson

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Insights for Prospering as Our World Changes
Updated: 1 hour 44 min ago

Harvey Is A Major Still-Unfolding Disaster

August 28, 2017 - 11:27

Superstorm Harvey continues to wreak epic damage to Texas, particularly Houston.

But it’s not the wind, it’s the rain. Epic, record-breaking, unbelievable amounts of rain.

It’s entirely possible that the entire region will not get back ‘to normal’ for months, if not years.

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Categories: Economics

Daily Digest 8/28 - Ideology As Addiction, Could Tech Create A New Paradox Of Plenty?

August 28, 2017 - 09:18
  • Charles Hugh Smith: Ideology As Addiction
  • Pundits And Politicians Are Tacitly Admitting That They Lied About Russia
  • Amazon Cuts Whole Foods Prices as Much as 43% on First Day
  • World Powers Are Stockpiling Gold. You Should Too 
  • Could Tech Create A New Paradox Of Plenty?
  • Supervolcano Alert! by Robert Gore
  • Hurricane Harvey Leaves Houston Under Water
  • Why not evacuate before Harvey? Houston leaders defend their calls to stay put

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Categories: Economics

James Howard Kunstler: It's Time To Be Honest With Ourselves

August 27, 2017 - 16:55

The ever-eloquent James Howard Kunstler returns to our podcast this week to discuss the dangers of the 'comprehensive dishonesty' he observes in our culture today.

We occupy ourselves with distractions (e.g., the fear du jour that our media continually manufactures) and diversions (e.g., our empty social media addiction), while ignoring the erosion of the essential systems around us. Making matters worse, the leaders we assume are focusing on these issues aren't or are woefully out of their depth.

It's time for society to take a hard look in the mirror and be honest about the shortcoming it sees. Identifying them then opens the door to deciding what to do about them.

Without the courage to be honest, we condemn ourselves to a failing status quo that likely has little remaining time left.

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Categories: Economics

Daily Digest 8/27 - Lawn Guilt, The World’s Worst Humanitarian Crisis

August 27, 2017 - 08:11
  • How Hurricane Harvey Could Cause Long-Term Devastation
  • ‘It’s a Slow Death’: The World’s Worst Humanitarian Crisis
  • Canada government giving migrants 'false hope'
  • America Is on the Verge of Ratpocalypse
  • Failure to Set Cost of Carbon Hampers Trump’s Effort to Expand Use of Fossil Fuels
  • Is a 200-300 mile range enough for Tesla to break into electric trucking?
  • Lawn Guilt
  • Why Houston Isn't Ready For Harvey

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Categories: Economics

Daily Digest 8/26 - Gold Is Shaken by a Mysterious 2 Million-Ounce Trade, Coral Reef Connections

August 26, 2017 - 09:59
  • "Peak PEG" - The S&P Has Never, Ever Been This Expensive
  • Alibaba Is the Only Giant Company With 40% Upside Next Year
  • Has The Fed Completely Lost Control
  • TROUBLE FINANCING ITS DEBT: Massive Decline Rates Push U.S. Shale Oil Industry Closer Towards Bankruptcy
  • Looking down the barrel—The Tooth Fairy & the Dragon-King: Part 2
  • Spot the Social Problem
  • Are Central Banks Nationalizing The Economy?
  • Antifa Has A New Cell In Philly, And They’re Calling For Property Seizures, Violence On Police, And All-Out Revolution
  • Facial recognition at Macau ATMs goes live in bid to stem capital flight
  • Gold Is Shaken by a Mysterious 2 Million-Ounce Trade
  • Coral reef connections
 

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Categories: Economics

The Coming Shale Debacle

August 25, 2017 - 18:21
Executive Summary
  • How bad will "bad" get?
  • What will happen to world supply and prices?
  • Who is most vulnerable?
  • How quickly could this occur?

If you have not yet read Part 1: Why The Shale "Miracle" Is Becoming A "Debacle" available free to all readers, please click here to read it first.

How to Position Yourself

Okay, here’s the summary so far.  The shale companies are burning cash and they’ve done so every year. At every oil price point. And there’s nothing in the data to suggest that will change this year, or next.

So the first question to ask is: When will investors wake up and stop funding these companies?

This should be immediately followed by: How much financial and economic damage will then result? And how soon afterwards?

Well, if the companies stop drilling because their funding dries up, the decline rates of the various shale basins would translate into the immediate and sudden loss of a huge amount of oil production.  

How much?

According to the EIA the decline rates each month for the three biggest shale fields would be between 53,000 and 158,000 barrels per month.

Taken together, one month of not bringing any new wells online for these three fields would result in a drop in oil output of -314,000 barrels.  And a similar (but slightly smaller) drop the next month.  And the month after that, the same thing.  And so on.

After just 3 months the US would be down more than -1,000,000 barrels per day when all the other shale fields are taken into account. 

Now that’s extreme, and it’s very unlikely that drilling would just suddenly stop one day. But the point here is that...

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Categories: Economics

Why The Shale Oil "Miracle" Is Becoming A "Debacle"

August 25, 2017 - 18:21

The central point of this report is that the US is deluding itself when it comes to energy abundance (generally) and oil (specifically).

The bottom line is this: The US shale industry resembles a fraudulent Ponzi scheme much more so than it does any kind of "miracle".

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Categories: Economics

Daily Digest 8/25 - Good News Friday: 'Cyborg' bacteria deliver green fuel, Peak Prosperity Weekly YouTube News Update

August 25, 2017 - 10:12
  • Peak Prosperity Weekly YouTube News Update
  • Yellen rejects Trump approach to Wall Street regulation, says post-crisis banking rules make economy safer
  • South Korean Court Sentences Samsung Scion Jay Y. Lee To 5 Years For Corruption Scandal
  • How Sicilian oranges are being made into clothes
  • Amazon cuts Whole Food prices in clear signal of sweeping changes to come
  • 'Cyborg' bacteria deliver green fuel source from sunlight
  • The Top 20 Coolest Schools
  • Secret life of the dodo revealed

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Categories: Economics

Off The Cuff: The Root Cause Of Much Of Today's Strife

August 24, 2017 - 12:18

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

  • The Root Cause Of Much Of Today's Strive
    • Going off the gold standard in 1971
  • Financialization Has Led To Polarization
    • It has allowed for a very unfair distribution of wealth
  • Our Polarization Makes Us Susceptible To Fear
    • Which the media and special interests stoke
  • Stay Focused, Don't Act Out Of Fear
    • Intentional resilience is the antidote to today's chaos

Longtime Off The Cuff listeners are really going to enjoy this week's discussion, in which Chris and John dig into the more existential questions of "how did we get here?" and "how do we regain a hopeful future?" when looking at the increasingly extreme social rift occurring in today's society. Interestingly, they trace the root cause for a lot of today's strife back to the US' decision to take the world off the gold standard (i.e. sound money) in 1971. This removed a very important control, in the absence which the power players in government and the corporate world were able to increasingly warp the system to their own advantage through racketeering. Over time, the wealth has concentrated at the very top, leaving everyone else a thinner and thinner slice of the pie.

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 8/24 - Debt ‘Brinksmanship’ Could Test U.S. Credit, The Price Of Appeasing The Left

August 24, 2017 - 07:58
  • Debt Ceiling ‘Brinksmanship’ Could Test U.S. Top-Notch Credit Rating
  • Gavekal On The Coming Clash Of Empires: Russia's Role As A Global Game-Changer
  • After intimate pat-down, she wonders how much privacy must we give up to fly safely? 
  • Without Peeking, Can You Tell Me This Man’s Name? 
  • Mizzou Pays a Price for Appeasing the Left
  • Seize The Means Of Automation
  • Grenfell Was No Ordinary Accident
  • Florida Lawmakers to Review Law Targeting Injured Undocumented Workers
  • Can Mexico Replicate The U.S. Shale Boom?
  • Why Oil-Loving Louisiana Should Embrace America’s Coming Offshore Wind Boom

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Categories: Economics

WATCH LIVE: The Health Effect Webinar

August 23, 2017 - 08:55

Today's webinar The Health Effect, featuring Robb Wolf and Chris Kresser, is free to PeakProsperity.com's enrolled members.

To watch it live, click the blue button below:

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Categories: Economics

Daily Digest 8/23 - Consequences of Quantitative Easing, Boomer Retirements Drive Up Property Taxes

August 23, 2017 - 06:23
  • 50,000 Blue Cross customers are about to get some bad news (North Carolina)
  • Anthem’s exit leaves thousands without health insurance choice in California
  • Baby Boomer retirements drive up property taxes (Illinois)
  • McConnell: ‘America is not going to default’
  • High-Grade U.S. Bonds Run at Fastest Pace Ever Past $1 Trillion
  • The Unintended Consequences of Quantitative Easing
  • Emerging economies await end to ECB largesse with record euro debt

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Categories: Economics

Daily Digest 8/22 - How Long $1M Retirement Will Last, Abolish The Presidency?

August 22, 2017 - 06:39
  • This is how long $1 million will last in retirement
  • The Problem is Bigger Than Trump and Obama — The Presidency Should be Abolished
  • Exclusive: Secret Service depletes funds to pay agents because of Trump's frequent travel, large family
  • Mnuchin’s Fort Knox Quip: ‘I Assume the Gold Is Still There'
  • Big Science — David Ricardo and Robin Hood of Sherwood, Part Two
  • Inside the new economic science of capitalism’s slow-burn energy collapse
  • Total Eclipse of Sense
  • Despite Sanctions, Qatar Outpaces Saudi Arabia In Economic Growth

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Categories: Economics

Better A Year Early Than A Day Too Late

August 21, 2017 - 22:42

When it comes, change happens swiftly. And life after -- for better or worse -- is forever different.

I've witnessed this time and time again since co-founding Peak Prosperity. And pretty much every time, I notice that the vast majority of people -- including many of the the watchful and preparation-minded folks who read this site -- are caught by surprise.

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Categories: Economics

Daily Digest 8/21 - Unmasking The Antifa Movement, Could Bitcoin Tech Help Stabilize Oil Prices?

August 21, 2017 - 07:26
  • Barcelona attack suspect still sought as investigation expands to other countries
  • Unmasking the leftist Antifa movement
  • Finland knife attacker 'targeted women'
  • Illinois Senate passes measure calling for neo-Nazis to be classified as terror groups
  • The Entire Medical Industry Is About to Change
  • Get out of the office, see the eclipse
  • Could The Tech Behind Bitcoin Help Stabilize Oil Prices?
  • A New Clinical Trial Shows Potential Long-Term Relief From Peanut Allergies

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Categories: Economics

Scott Cahill: Collapse Risk At The Oroville Dam Is Still Unacceptably High

August 20, 2017 - 14:20

Remember the crisis earlier this year at the Oroville Dam? 

The overflow from California's winter of heavy rain threatened to overpower our country's tallest dam. A cascading failure of the dam's main gates, its primarily spillway AND its emergency spillway had the world watching hour by hour to see if a catastrophic breach was going to occur.

Fortunately, the rains stopped long enough for the situation to be brought under control. The dam remains in place and repair crews have been working all spring and summer.

But should we breathe easy at this point? Not at all, says dam safety expert Scott Cahill. 

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Categories: Economics

Daily Digest 8/19 - Cashless Kids, Neonicotinoids Reduce Bees’ Ability to Lay Eggs

August 19, 2017 - 08:13
  • Millennials are financing everything from bed sheets to concert tickets
  • Cashless kids: Is tap-and-go technology promoting financial illiteracy?
  • The Rise of the Violent Left
  • Silver Cycles and War Cycles
  • Bitcoin Bear Peter Schiff Doubles Down: Even at $4,000 It's Still a 'Bubble'
  • Can Police Prevent the Next Charlottesville?
  • New surface is so slippery, shellfish can’t get a grip
  • Neonicotinoids Reduce Bees’ Ability to Lay Eggs

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Categories: Economics

Rescuing Our Future

August 18, 2017 - 15:13
Executive Summary
  • The Destructive Practices To Stop Doing
  • The Regenerative Behaviors To Do More Of
  • Getting The Foundational Pieces In Place
  • The Payoff, For Both You & Society

If you have not yet read Part 1: We Need a Social Revolution available free to all readers, please click here to read it first.

In Part 1, we compared non-hierarchical, bottoms-up secular social revolutions with hierarchical, top-down political and technological revolutions managed by the state and corporate sector.  Next, we surveyed the erosion of social connectedness and social capital, and asked who benefited from this fraying of the social order.  While certain players derive some benefit from political divisiveness and from the sale of technologies that undermine authentic connectedness, it seems that much of the social-order decay is collateral damage—destruction that wasn’t intentional.

How can we strengthen or repair our own connections and social fabric in such a disintegrative era?

There are two basic approaches: stop participating in destructive dynamics, and assemble the foundational pieces of a connected social life.

How do we as individuals and households foster and nurture the social bonds that are fast-eroding in civil society?

The basic strategies are not difficult to understand, though they are extremely difficult to put in place in modern-day America:

  • Strip out busyness to free up enough time and energy for social life and connectedness.
  • Live in a place with short commutes to friends, family and public social spaces.
  • Recognize (and then.....

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Categories: Economics

We Need A Social Revolution

August 18, 2017 - 15:12

Governments and corporations cannot restore social connectedness and balance to our lives.

Only a social revolution that is self-organizing from the bottom-up can do that.

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Categories: Economics

Daily Digest 8/18 - Good News Friday: Torches Replaced By Candlelight, Preparing For The Eclipse

August 18, 2017 - 04:48
  • Meet the clergy who stared down white supremacists in Charlottesville
  • Torches Replaced By Candlelight As Thousands Gather For Charlottesville Vigil
  • Our Minds Have Been Hijacked By Our Phones. Tristan Harris Wants To Rescue Them
  • Hudson County to pay $70K to probe deaths of jail inmates
  • ACLU Will No Longer Defend Hate Groups Protesting With Firearms
  • A tour of our solar system’s eclipses
  • Preparing for the August 2017 Total Solar Eclipse
  • Tales From The Shadow Of The Moon

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Categories: Economics