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Chris Martenson

Syndicate content Peak Prosperity
Insights for Prospering as Our World Changes
Updated: 1 hour 43 min ago

Daily Digest 8/4 - Good News Friday: Regulating Surveillance Technology, The Race For Floating Wind Farms

August 4, 2017 - 08:17
  • Seattle City Council Passes Ordinance to Regulate Surveillance Technology
  • Facing Backlash, Vote Fraud Panel Promises to Protect Data
  • U.S. added 209,000 jobs in July as economy enters ninth year of expansion
  • ACLU investing millions of dollars in Florida to restore ex-felons’ voting rights
  • The Race For Floating Wind Farms Has Begun
  • Questions remain as Gov. Brown signs legislation to address neighborhood-level air pollution
  • Winners of the 2017 National Geographic Travel Photographer of the Year Contest 

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Categories: Economics

Off The Cuff: A Dependable Crash Indicator Is Now Flashing

August 3, 2017 - 19:36

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

  • Trade Wars
    • Suddenly arising with Russia and China
  • Modern Monetary Theory
    • A delusion that dates back to the days of John Law
  • A Great Crash Indicator
    • RV sales are sending a warning sign
  • Risky Real Estate
    • Private equity will sell fast when times get bad

Chris and John discuss the looming trade wars with Russia and China, the long-term implications of the worldwide credit binge, and the indicators that will presage a systemic correction. John shares his assessment of one of his most trusted crash indicators, RV sales:

This is a typical cycle for RVs. It’s a big toy and people are cocky now because they’ve been working for a little while. They have extremely easy credit. Interest rates are incredibly low. If you’ve got a decent credit score you can buy an RV for 2 or 3% interest and a lot of people are taking advantage of that, just as they spent the last three or four years taking advantage of incredibly cheap car loan terms, and running, basically, an auto sales bubble. They’ve kind of shifted to RVs now, which is yet another sign that the cycle is nearing an end.

This "recovery" is 8 years old now. The typical recovery is 6 years. So we already have an expansion that’s a couple of years longer than normal. It’s actually the third longest since World War II. Which means that, everything else being equal, we should be pretty close to the end of this cycle and ready for a downturn. And now you’ve got indicators like RV sales going just parabolic, indicating that, at least in that little section of the market, money is incredibly easy and buyers are euphoric. And that’s also a sign that things are nearing the end. There are lots of other signs, but that’s one.

Every time there’s a bubble in an asset class, there’s always a new reason for it that appears to explain it. But historically the explanation never holds. The cycle still reasserts itself at some point. And things go back to normal. And I suspect that’ll be the case with RVs at some 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 8/3 - A State Of Emergency, Should We Worry About Excess Reserves?

August 3, 2017 - 06:35
  • Should We Worry About Excess Reserves?
  • Sabotaging Russia-US Relations for Good
  • We Are Already in a State of Emergency
  • The College Debt Bubble (And Six Rules For 529 Plans)
  • You're A Biased Investor
  • In A Better World
  • Cryptocurrency 101
  • The solution to the global crisis of capitalism is simplicity itself
  • Oil Prices Slip As OPEC Oil Exports Creep Higher
  • EXCLUSIVE: Al Gore’s Home Devours 34 Times More Electricity Than Average U.S. Household

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Categories: Economics

Daily Digest 8/2 - New Nuclear Plants Scrapped, LA’s ‘Virtual Bankruptcy’ Equals ‘Service Insolvency'

August 2, 2017 - 06:36
  • Delta Air Lines To Suspend Flights To Venezuela, Amid Unrest
  • Idaho Health Plan Rates Set To Increase In 2018
  • California 2018 health insurance rates come out Tuesday, and they'll likely be higher
  • Health-care costs for typical Canadian family will eclipse $12,000 this year; up nearly 70% since 1997
  • LA’s ‘Virtual Bankruptcy’ Equals ‘Service Insolvency'
  • Chicago Pension Bills Soar as City Pays Up to Keep Funds Solvent
  • Brazil faces lost generation of young workers after recession
  • Government vows to halt oil production if cost remains high
  • Billions down the drain as new nuclear plants scrapped
  • British consumers grappling with heavier debt loads: Moody's
  • U.S. Treasury expects to borrow $96 billion in third-quarter, $501 billion in fourth-quarter
  • China Inc.'s Next Debt Headache Is $580 Billion of Put Options Coming Due
  • This Is an Outrage, Junk-Bond Market Says. Everyone Buys Anyway
  • No Bubble in Stocks But Look Out When Bonds Pop, Greenspan Says

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Categories: Economics

Daily Digest 8/1 - CT Lawmakers Approve Pension Concessions, Bitcoin ATMs invade Philly

August 1, 2017 - 07:55
  • Connecticut lawmakers approve labor pact with pension concessions
  • Bitcoin ATMs invade Philly, taking cryptocurrency to the masses
  • Is The World Really Better Than Ever?
  • I Won’t Get Chipped, And Neither Should You
  • DARPA Wants To Build A BS Detector For Science
  • Shale Drillers Aren’t As Safe As You May Think
  • Border Agency Set to Jumpstart Trump’s Wall in a Texas Wildlife Refuge
  • The Killing Fields

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Categories: Economics

Daily Digest 7/31 - Perfect Crash Indicator Flashing Red, Cities To Face Huge Power Shortages

July 31, 2017 - 09:05
  • The Perfect Crash Indicator Is Flashing Red
  • The Future Of Media Is Here, And I Was There
  • Technology Could Make or Break the Food Workforce of the Future
  • The future of fake news: don't believe everything you read, see or hear
  • Twitter's Death Is Good News For You
  • Senators buck Sessions, move to protect state medical marijuana laws
  • Cities Face Huge Power Shortages In Near Future
  • Hydroponic greenhouses gets $25M to grow New England produce

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Categories: Economics

Patrick Byrne: Why Cryptocurrencies Matter

July 30, 2017 - 12:28

This week we talk with Patrick Byrne, CEO of Overstock.com, and rare courageous voice within corporate America raising concern that powerful interests on Wall Street are destroying US companies for profit, robbing investors and destabilizing our financial system in the process. 

Byrne has been an early advocate for digital currencies and their potential to protect financial wealth from the massive policy missteps being undertaken by the Federal Reserve. (In 2014, Overstock.com became the first major retailer to accept Bitcoin payments.) 

In this week's podcast, Byrne details out the promising potential of cryptocurrencies and the blockchain, as well as his thoughts as to whether they will be able or not to evade subversion by the world central authorities.

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Categories: Economics

Daily Digest 7/30 - EU Explores Account Freezes, The Disaster That Could Follow A Flash In The Sky

July 30, 2017 - 08:33
  • EU explores account freezes to prevent runs at failing banks
  • When is the World Going to Impose Sanctions on America?
  • Iran Worried U.S. Might Be Building 8,500th Nuclear Weapon
  • When Health Law Isn’t Enough, the Desperate Line Up at Tents
  • A Veteran ICE Agent, Disillusioned with the Trump Era, Speaks Out
  • The disaster that could follow from a flash in the sky
  • Why Are Majors Shying Away From Gazprom?
  • Pittsburgh officials may have 'deflected' attention from lead-contaminated water 

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Categories: Economics

Our Brave New '''Markets'''

July 28, 2017 - 18:18

One thing is clear: These aren’t your daddy’s markets anymore.

Why?  Because about 10 years ago the Rise of the Machines (aka high frequency trading algorithms) completely altered the terrain of what we call the ‘capital markets.’ 

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Categories: Economics

Daily Digest 7/28 - Good News Friday: CA Ports To Go Zero-Emission, How Capitalism Saved The Bees

July 28, 2017 - 07:23
  • Nappier: CT pension investments earned big returns
  • New court to bring victims, offenders face-to-face to hash out resolutions
  • Hunting for Antibiotics in the World’s Dirtiest Places
  • Exclusive: Honor student jailed at Rikers speaks out for the 1st time since Kennedy organization posted his bail
  • Specific area of the brain helps keep the body young
  • How Capitalism Saved the Bees
  • Plan calls for L.A., Long Beach ports to go to zero-emissions technology; cost could hit $14 billion
  • Gorgeous trees on display at the 2017 World Bonsai Convention

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Categories: Economics

Off The Cuff: The Pin To Pop This Bubble?

July 27, 2017 - 10:55

In this week's Off The Cuff podcast, Chris and Dave Fairtex discuss:

  • Whither These Markets Goest From Here?
    • Lots of scary data, but Dr. Copper is feeling lucky
  • Revisiting The Ka-POOM Theory
    • Might we avoid the Ka and go directly to POOM?
  • The Impact of Artificial Intelligence
    • It surely a game changer. But how?
  • Gold
    • Are the recent moves just a head-fake?

Dave Fairtex, PeakProsperity.com's precious metals daily analyst from Singapore, joins Chris this week to opine on a wide range of topics from the markets, to AI, to the refugee crisis in Europe. The two spend time talking about where the catalyst for a market correction is most likely to come from. And while there is a plethora of candidates, Dave sees political risk as topping the list:

My sense is that I think the central planners have the monetary thing wired. Let’s take the ECB. They have figured out a way to make it so that strictly monetary issues don’t cause problems anymore.

So what that leaves us with is political problems. That’s why I'm looking at what’s happening here, with the migrants in Europe and all the rest of it.Trump was an indicator that the central banks have the money stuff nailed down, but they don’t have the political movements fully under control.

So the longer-term stuff about screwing the savers and all the rest of it – that stuff they can’t control. I don’t know; maybe money printing works until the political situation changes. That’s where I’m leaning right now. 

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 7/27 - Fed Is Preparing To Crash The System, BC LNG Project No Longer Proceeding

July 27, 2017 - 06:31
  • Why & How to Hedge the Growing Risks of Holding Equities
  • This Chart Might Make You Rethink the Adage “Stocks Always Come Back”
  • Warning: The Fed Is Preparing To Crash The System Again
  • Don’t Let a Stock Market Shake-Up Ruin Your Portfolio
  • Amid the Blaring Headlines, Routine Reports of Hate-Fueled Violence
  • Pacific NorthWest LNG project in Port Edward, B.C., no longer proceeding
  • Trump’s U.S.-Steel Pipeline Plan To Backfire On Energy Projects
  • Brutal Drought in the West Is Decimating This Year’s Wheat Crop

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Categories: Economics

Peak Prosperity Advanced Seminar Course: Developing Your Emotional and Social Capital

July 26, 2017 - 14:11

The old world is falling apart. Your ability to live a full and joyful life in these trying times depends on your ability to be with your emotions, learning what they have to teach you about your deepest self.

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Categories: Economics

Daily Digest 7/26 - Venezuela’s Crises In Charts, IMF Says Calls For Stimulus End 'Premature'

July 26, 2017 - 05:40
  • Venezuela’s economic and political crisis in charts
  • Uncertainty Over Obamacare Leaves 2018 Rates In Limbo
  • Student loan borrowers, herded into default, face a relentless collector: the U.S.
  • IMF says ECB should maintain stimulus, calls for end are 'premature'
  • Record-Low ECB Rates Are a €1 Trillion Government Windfall
  • New Board Members Agree BOJ Is Far From Talking About Exit Plan
  • Loan default rate for risky retailers jumps above 5%; Fitch Ratings
  • Something Big, Bad And Ugly Is Taking Place In The U.S. Retirement Market
  • Electric Car Industry Faces A Looming Supply Shortage

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Categories: Economics

Daily Digest 7/25 - Installing Microchips In Employees, Japan's Doomsday Preppers

July 25, 2017 - 08:08
  • Staving Off The Coming Global Collapse
  • Installing microchips in employees is 'the right thing to do,' CEO says
  • America's top lawman lied under oath. Can we seize his stuff?
  • Japan’s Doomsday Preppers Are Buying $19,000 Bomb Shelters
  • Beware the Sharing Economy
  • The 'Horrific' Human-Smuggling Tragedy in Texas
  • OPEC’s No.2 Goes Rogue, Plans To Pump 5 Million Bpd
  • From Inferno To Purgatory

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Categories: Economics

Alex J. Pollock: Insights From The Recent Congressional Hearing On The Fed

July 24, 2017 - 11:43

On June 28th 2017, the United States Congress held a hearing titled: “The Federal Reserve’s Impact on Main Street, Retirees and Savings.” If you haven't watched it yet, we highly recommend doing so.

Joining us for today's podcast is Alex J. Pollock, one of the experts who participated on that Congressional panel. In this discussion, he details out his assessments of the Fed's major transgressions against the interests of the general public. But perhaps more interestingly, he shares his observations from the hearing and how it struck him that many of the members of Congress that convened it appear to be growing increasingly concerned about the Fed's lack of accountability, as well as its potential fallibility.

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Categories: Economics

Daily Digest 7/24 - Toxic Fires, Deutsche Bank To Shift $350B From London To Frankfurt

July 24, 2017 - 10:37
  • "Worse Than People Can Imagine" - Deutsche Bank To Shift $350 Billion Of Assets From London To Frankfurt
  • European Real Estate Is Entering Bubble Territory, Fidelity Says
  • Break up the cable monopolies? Democrats propose new competition laws
  • OPEC Meets Next Week To ‘Fix’ Compliance Problem
  • Toxic Fires 
  • A timeline map of the massive increase in human-caused earthquakes in Oklahoma 
  • Has the Moment for Environmental Justice Been Lost?
  • Why a total solar eclipse is such a big deal

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Categories: Economics

Daily Digest 7/22 - American Empire 'Collapsing,' Cash Becoming Obsolete In Urban China

July 22, 2017 - 07:49
  • There are more renters than any time since 1965
  • Staving Off the Coming Global Collapse
  • Pentagon study declares American empire is ‘collapsing’
  • Cyberwar looms as diplomats dither
  • In Urban China, Cash Is Rapidly Becoming Obsolete
  • Jeff Sessions wants police to take more cash from American citizens
  • Is Gerrymandering a Threat to Democracy?
  • A Stock Market Crash Is Coming
  • Can the Mall of America survive the retail apocalypse?

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Categories: Economics

What To Do With Your Cash?

July 21, 2017 - 21:19

Have you moved a material percentage of your financial portfolio to cash? Have you become so concerned about the meteoric ramp upwards in asset prices that you find it wiser instead to move to the sidelines, build "dry powder", and wait to re-enter the markets at saner valuations?

If so, you have my sympathies.

The past 5+ years have been brutal for savers pursuing this strategy. I know this well, as I'm one of those folks, too.

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Categories: Economics

Daily Digset 7/21 - Good News Friday: Wireless Powered By Light, What Bitcoin And Solar Have In Common

July 21, 2017 - 07:30
  • Toronto man builds park stairs for $550, irking city after $65,000 estimate
  • I Dropped Out Of High School — And I’m Doing Just Fine
  • Judges ordered to set affordable bonds for defendants who pose no danger
  • A future for light-powered wireless connectivity, thanks to graphene
  • What Bitcoin And Solar Have In Common
  • House defeats amendment to strip climate study from Defense bill
  • Chile Just Converted 11 Million Acres Into New National Parks
  • Fireflies sparkle in a Pennsylvania field at dusk

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Categories: Economics