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Chris Martenson

Syndicate content Peak Prosperity
Insights for Prospering as Our World Changes
Updated: 1 hour 42 min ago

Daily Digest 6/12 - Bond Market Doomsayers Sound Alarm, UK Feels Pinch As Brexit Looms

June 12, 2017 - 08:02
  • Bond Market Doomsayers Sound Alarm as Margin of Safety Vanishes
  • Preparing for ‘Brexit,’ Britons Face Economic Pinch at Home
  • Britain's PM May to face her party's anger amid post-election tumult
  • This Tech Trend Is Inescapable
  • Automakers Prioritize Climate Despite Trump’s Decision
  • There are more than 2 million electric vehicles on the road around the world
  • For Climate Cause, Trump’s Withdrawal from Paris Accord Just One Hurdle Among Many
  • New threats to public lands endanger America's unique wildlife corridors

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Categories: Economics

Steen Jakobsen: 60% Probability Of Recession In The Next 18 Months

June 11, 2017 - 15:46

Steen Jakobsen back on, Chief Investment Officer of Saxo Bank, returns to the podcast this week to share with us the warning signs of slowing economic growth he's seeing in major markets all over the world.

In his view, the world economy is sputtering badly. So badly, that he's confident predicting a global recession by 2018 -- or sooner.

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Categories: Economics

Daily Digest 6/11 - Canada’s Middle Class On The Brink of Ruin, Where's Your Gold?

June 11, 2017 - 06:49
  • Canada’s Middle Class Is on the Brink of Ruin
  • DeVos Says More Money Won't Help Schools; Research Says Otherwise
  • The Scripting of the New World Order Narrative
  • Where's Your Gold?
  • The dark psychology of dehumanization, explained
  • Seizing on Opioid Crisis, a Drug Maker Lobbies Hard for Its Product
  • The Internet needs paid fast lanes, anti-net neutrality senator says
  • Pipes at 1,291 Homes Replaced So Far through Mayor Weaver’s FAST Start Initiative

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Categories: Economics

Get Ready For The Coming Massive Correction

June 9, 2017 - 16:46
Executive Summary
  • The economic data is getting darker fast
  • The over-indebtedness of the economy is the worst it's ever been
  • Predicting the timing of the next major market correction
  • As the risks mount, what should the concerned investor do?

If you have not yet read Part 1: Why The Markets Are Overdue For A Gigantic Bust available free to all readers, please click here to read it first.

The Data Says…Another Downturn Is Upon Us

Our view is that a massive market correction is coming, one that may well rip the financial markets apart, and cause very long-term and long lasting damage, possibly to the point of taking generations to repair in any meaningful sense.

In fact things may never actually recover to the current heights because recovery requires energy and there simply isn’t the net energy per capita that existed in the past.

For now, we see plenty of signs of fundamental economic weakness, and this is not surprising at this stage of the so-called economic expansion.  The truth is this expansion has been phony to a large degree, and quite probably should have broken down many times in the past, most recently in early 2016.

But the central banks prevented that and we can all feel thankful at the extra time that has provided us to become more resilient under reasonably calm circumstances.

And yet, the one thing that central banks have never been able to do is...

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Categories: Economics

Why The Markets Are Overdue For A Gigantic Bust

June 9, 2017 - 16:38

As much as I try, I simply cannot jump on the bandwagon that says that printing up money out of thin air has any long-term utility for an economy.

It's just too clear to me that doing so presents plenty of dangers, due what we might call 'economic gravity': What goes up, must also come down.

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Categories: Economics

Daily Digest 6/9 - Good News Friday: Pittsburgh To Move To 100% Renewables, Bees Are Saving Themselves

June 9, 2017 - 08:30
  • TokenCard: An Ethereum Smart Contract Powered Debit Card
  • NYC pension fund to back out of investments in private prisons
  • Why Corbyn Won
  • Providence City Council approves Providence Community-Police Relations Act
  • Chile convicts 106 former intelligence agents
  • Pittsburgh plans to power itself with 100% renewable energy
  • EU-China Summit: moving forward with our global partnership
  • How Buzzing Bees Are Helping Save Themselves

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Categories: Economics

Daily Digest 6/8 - A Corruption Machine, The Other Infrastructure Boom

June 8, 2017 - 06:17
  • This Canadian Ethereum Blockchain Dev Wants You to Avoid Expensive Lawyers
  • How Seven Trump Associates Have Been Linked to Russia
  • British General Election: Final Forecasting Prediction
  • No One Has Ever Made a Corruption Machine Like This One
  • Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis
  • The Other Infrastructure Boom
  • What Is Behind The Diplomatic Crisis In The Persian Gulf?
  • How a Single Gene Could Become a Volume Knob for Pain

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Categories: Economics

Off The Cuff: Signs Of An Approaching Downturn

June 7, 2017 - 21:00

In this week's Off The Cuff podcast, Chris and Wolf Richter discuss:

  • The Late-Stage Housing Bubble
    • From the US, to Canada, to China
  • Signs Of The Approaching Downturn
    • Data everywhere is flat-lining
  • Soaring Debt Levels
    • At levels that make 2008 look tame
  • Canary In The Coal Mine
    • The bullet-proof Bay Area showing weakness?

The diverse data sets that Wolf tracks are showing increasing signs of building weakness across the global economy:

We see weakness all over the place now in the United States. In terms of the corporate credit cycle, we have commercial and industrial loans flat-lining since November, meaning they have grown very strongly from the financial crisis and they peaked in October. Since then, it’s all just flat-lining.

And the only time this ever happened in the past, it’s been affiliated with a recession because these are loans that companies take out to fund equipment purchases and for expansion purposes and for the things that are useful to an economy. These are not loans that are used to buy back stocks. This is not for financial engineering. These are actual productive funds. And when you see companies putting a lid on this, they’re not expanding anymore. They’ve borrowed as much as they’re going to borrow, and at some point, these commercial industrial loans will turn down. And this has happened in every recession before.

Plus, we have now a surge in bankruptcies in the United States in terms of commercial bankruptcies. I just did a report on that earlier in May. The prior peak in bankruptcies was during the financial crisis.

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 6/7 - Household Debt On The Rise, Costs And Consequences Of IL Budget Crisis

June 7, 2017 - 06:10
  • List: Costs and consequences of Illinois' budget crisis
  • Oregon PERS cost-cutting proposal includes 'risk sharing' account
  • 4 things you need to know about the new state pension reform plan (Pennsylvania)
  • Venezuela looks to sell discounted $5B in bonds
  • Puerto Rico highway creditors take 'clawback' fight to court
  • Australians curb spending as household debt balloons
  • Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover

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Categories: Economics

Important Info Regarding Today's Webinar

June 6, 2017 - 19:51

Our End Of Money webinar -- featuring David Stockman, Axel Merk and G. Edward Griffin -- is happening today from Noon-3pm EST.

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Categories: Economics

Daily Digest 6/6 - Slow Crash, Behind The Velvet Rope

June 6, 2017 - 07:42
  • Journalism’s next frontier: crossing the threshold from having to being
  • Academic Chongyi Feng: profits, freedom and China’s ‘soft power’ in Australia
  • Slow Crash 
  • Bitcoin: Money or Mania?
  • Generations, Disabled
  • The Doctor Is In. Co-Pay? $40,000
  • The View From Behind The Velvet Rope 
  • Baby teeth link autism and heavy metals, NIH study suggests 

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Categories: Economics

CropMobster: How To Put Your Local Food System To Its Highest Use

June 5, 2017 - 14:05

In the developed world, we waste a LOT of food.

In America alone, it’s estimated that up to 40 percent of the post-harvest food supply is discarded, according to The Journal of the Academy of Nutrition and Dietetics. That represents more than 1,200 calories per day for every man, woman, and child in the U.S. -- just thrown into the trash. Yet at the same time we have food access issues and nutritional deficits that result in widescale health problems and hunger nationwide, despite having more than enough nutritional calories to go around. Our food system is a mess -- and it doesn’t have to be that way.

In this week's podcast, we talk with Nick Papadopoulos, founder of CropMobster; an innovative company focused on helping communities dramatically improve the potential of their local food sheds. Nick explains how CropMobster provides a platform that any community can build on to connect local producers with local consumers in ways that boost economic development, reduce wastage of food and other resources, and assist local hunger relievers:

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Categories: Economics

Daily Digest 6/5 - Collapse Has Arrived, U.S. Jobs Market Much Worse Than Data Suggests

June 5, 2017 - 05:24
  • As Russia probe grinds on, Trump struggles to gain traction on agenda
  • The Numbers Are In: A Single-Payer Health System in California Would Cover Everyone and Save Tens of Billions a Year
  • Why Aren’t American Teenagers Working Anymore?
  • The U.S. Jobs Market: Much Worse Than The Official Data Suggest
  • Retirees flock to Latin America to live an upper-class lifestyle on $1,500 a month
  • Dimming Bulb 3: Collapse has Arrived
  • What Exiting The Paris Agreement Means For U.S. Utilities
  • Grand Canyon at risk as Arizona officials ask Trump to end uranium mining ban

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Categories: Economics

Daily Digest 6/3 - The Addicts Next Door, Could California Be The Next Puerto Rico?

June 3, 2017 - 07:57
  • The Addicts Next Door
  • Borrowing to fund pensions could make California the next Puerto Rico
  • Gold, Silver Or Bitcoin-Crypto Currencies: Where Will The Big Money Be Made?
  • Hidden Away for 28 Years, Tiananmen Protest Pictures See Light of Day
  • Silver and NASDAQ Strength Will Reverse
  • The Watson Files
  • Canada Pushes For Zero Emission Vehicle Strategy
  • Food poisoning warning: Hepatitis E found in European pig products

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Categories: Economics

Less Than Zero: How The Fed Killed Saving

June 2, 2017 - 15:27

Savings accounts were created to provide an incentive for people to plan for the future. Put money away today, let it grow through the miracle of compounding interest, and have more tomorrow.

Prudent savings is essential to a healthy economy. It offers resilience during downturns, and provides seed capital for productive enterprise.

But we are no longer a nation of savers. The Federal Reserve has killed the incentive to be one.

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Categories: Economics

Off The Cuff: The Demise Of The Current World Order

June 2, 2017 - 13:00

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

  • History Is Full Of Cycles
    • 80-year & 240-year being the most dominant for empires
  • At The Cycles End
    • The US is at the end of both a 240-yr AND 80-yr cycle
  • A Global Reset
    • Given the huge distortions, a worldwide reckoning is overdue
  • What Will Emerge From The Ashes?
    • Will the new order make better decisions?

This week, Chris and Charles look across the expanse of history, at past empires and the paths they followed as they collapsed. They see many signs that the current world order is reaching its last moments before something new emerges -- likely out of the chaos of a systemic reset.

Before that happens though, the current system needs to topple under the weight of its shortcomings, one of which is the concentration of wealth and power into fewer and fewer hands. Charles explains where to keep our focus:

90% of our entire income, national income, and interactions are with a handful of cartels. Which we now have new ones. We've got Google, which is essentially a monopoly. We have Facebook, which is a monopoly. The dominant players are Apple, Netflix. The usual crowd. Amazon. They are so large, so wealthy that they're basically so far beyond competition that they're a monopoly. Once they start lobbying the pay for play democracy we have, then they're really going to be unassailable. Once they learn the tricks of the insurance companies and the military industrial complex and higher education, then they're going to build a regulatory moat that no one can get around, on top of their other advantages.

We've got for profit cartels and then we have the central state. Which is married to the cartels -- because they both need each other, they feed off each other. Those are failed models. Those platforms are going to unravel

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 6/2 - Good News Friday: The World's Largest Floating Solar Plant, India To Go All Electric By 2030

June 2, 2017 - 09:24
  • Automatic Voter Registration OK'd by Illinois Lawmakers 
  • India aiming for all-electric car fleet by 2030, petrol and diesel to be tanked
  • Bucking Trump, These Cities, States and Companies Commit to Paris Accord
  • As U.S. retreats, EU and China seek climate leadership at summit
  • The world’s largest floating solar power plant just went online in China
  • Exxon investors clash with executives, vote in favor of annual climate report
  • Kentucky Is Making It Easier for Organizations to Donate Extra Food
  • An inside view of Hong-Kong’s hidden rooftop farms

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Categories: Economics

REMINDER: The End Of Money Webinar

June 1, 2017 - 10:02

A reminder that our upcoming webinar, The End Of Money, happens in less than a week -- on Wednesday, June 7th.

If you haven't already, register for it now

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Categories: Economics