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Tell Us About the Revolution Where You Live

The 20th anniversary issue of YES! will show you, state by state, how change happens when communities work together. Tell us what’s happening where you live today.
Categories: Economics

Daily Digest 7/14 - Shale Beats Deepwater, The Rise And Fall of the Petrodollar System

Chris Martenson - July 14, 2016 - 07:50
  • IntraGovernmental Holdings: What Are They, Where They Come From, & Is IG The New QE?
  • J.P. Morgan profit falls but beats estimates
  • The Most Dangerous Stock Market Game
  • End of an Era: The Rise and Fall of the Petrodollar system
  • In World Of $50 Oil, Shale Beats Deepwater
  • Half of all US food produce is thrown away, new research suggests
  • What phony op-eds about climate change have in common
  • Fossil Fuel Industry Risks Losing $33 Trillion to Climate Change

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Categories: Economics

New Report: Smartphone Apps May Change Transportation More Than Expected

Shareable Magazine - July 13, 2016 - 09:30

As you've probably noticed, smartphone apps are having a big impact on transportation. A new report, Smartphone Applications to Influence Travel Choices: Practices and Policies, by the U.S. Department of Transportation and UC Berkeley's Transportation Sustainability Research Center provides a comprehensive overview of the growing number of apps influencing travel choices and is meant as a primer for policymakers.

Categories: Economics

Germany Joins Europe's Bike Highway Revolution

Shareable Magazine - July 13, 2016 - 08:18

Photo courtesy of RS1.

Leave it to Germany to build a bicycle autobahn that connect 10 cities within its borders. The goal? To take some 50,000 vehicles off the actual highways and make commuting by bike a much easier -- and safer -- proposition.

Categories: Economics

Daily Digest 7/13 - Italy To Face Two-Decade Recession, Social Security Insolvency Looms

Chris Martenson - July 13, 2016 - 07:19
  • Ground Zero of China’s Slowdown Leaves Locals Looking for Exit
  • Italy to face two-decade recession: IMF
  • Chicago’s total debt more than triples to over $24B in 2015
  • China’s Zombie Companies Stay Alive Despite Defaults
  • Debt to top World War II peak within 20 years
  • Bank of England's Carney hints again at more stimulus after Brexit
  • Japan’s Abe Tells Bernanke He Wants to Speed Up End of Deflation
  • Bernanke Says Bank of Japan Still has Tools for Further Easing
  • Spain and Portugal’s Budgets Found Wanting by EU Ministers
  • Social Security insolvency is now one year closer
  • Amid Brexit debacle, another EU crisis emerges: Southern Europe

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Categories: Economics

“Free” Trade? Fraud Alert

The deceptive branding behind corporatists’ preference for the term “free trade” over simply “trade.”
Categories: Economics

On Our Way To Freedom Fest

Chris Martenson - July 12, 2016 - 17:18

For years now, a number of Peak Prosperity readers have been encouraging Chris and me to attend Freedom Fest, a conference billed as "The world's largest gathering of free minds". 

Every Spring, the calls and emails begin: Are you guys going to Freedom Fest this year?

They tell us this is consistently the most stimulating week of their entire year. And that, like at our annual seminars, the people you meet and relationships you make there are well worth the price of admission alone.

Well, this year we decided to take up the invitation.

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Categories: Economics

5 Common Items You Can Turn Into Cordage

Chris Martenson - July 12, 2016 - 14:06

Some interesting ideas for starting materials for crafting your own cordage and creating rope for projects or survival situations.

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Categories: Economics

Daily Digest 7/12 - The Case For Absolute Return, Oligarchs of the Treasure Islands

Chris Martenson - July 12, 2016 - 08:14
  • The Case for Absolute Return
  • Say Goodbye to the Fourth Amendment
  • David Cameron to Resign Wednesday, Theresa May to Be Next U.K. Prime Minister
  • Pokémon Go Is a Government Surveillance Psyop Conspiracy
  • Oligarchs of the Treasure Islands
  • Reduced Viability? Banks, Insurance Companies, and Low Interest Rates
  • Amid Grim Economic Forecasts, Cubans Fear a Return to Darker Times
  • Earth's Relentless Warming Just Hit a Terrible New Threshold

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Categories: Economics

New Guide Explores the Past and Bright Future of Coliving

Shareable Magazine - July 12, 2016 - 05:30

As coworking explodes in popularity, its parallel movement, co-living, is being touted as the next disruption of surplus space. At its essence, co-living offers shared living space and amenities, more housemates than the typical roommate situation, access to a network of properties, and flexible lease options that allow long and short-term residents to live side by side.

Categories: Economics

Strange Happenings in Japan

Chris Martenson - July 11, 2016 - 17:22

The whole world now waits to see which central bank is up next to do the heavy lifting for the next round of stock and bond propping.

And so Japan is now front and center on that stage again. Especially since Bernanke just traveled there to conclude a "secret" meeting with Prime Minister Abe and Bank of Japan head Kuroda.

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Categories: Economics

Daily Digest 7/11 - Banking Panic In Italy, The Dictator's (False) Dilemma

Chris Martenson - July 11, 2016 - 08:02
  • The Dictator's (False) Dilemma
  • Banking Panic in Italy
  • Artificial Intelligence Is Setting Up the Internet for a Huge Clash With Europe
  • Don’t Fall for the Jobs Data Deception 
  • Silver Prices - What Next?
  • Time To Adjust Your Wealth Plan 
  • Oakland: Police brutality protestors shut down I-880 overnight
  • Why farmland may become a more popular neighborhood amenity than a golf course

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Categories: Economics

Open-Source Toolkit Aims to Make Home Building Cheap, Easy and Green

Shareable Magazine - July 11, 2016 - 07:44

As open source advocates and newlyweds, Marcin Jakubowski and Catarina Mota decided to reinvent the home-building wheel a few years back. In the process, they have been developing an entirely open-source toolkit that makes the design and construction of eco-friendly, off-grid modular housing easier, cheaper, and faster through use of modular designs, rapid-build construction, social production, locally-sourced materials, and open-source machines.

Categories: Economics

Shareable’s Top 21 New Books for Summer

Shareable Magazine - July 11, 2016 - 07:42

A few times a year, we round up the top new books about cities, sharing, collaboration, social tech, movement trends and more. Here are 21 books worth checking out for Shareable summer reading.

Categories: Economics

Daily Digest 7/10 - A Week Of Bloodshed In America, World Economy Going "Nowhere Fast"

Chris Martenson - July 10, 2016 - 08:05
  • Nowhere Fast: Drifting World Economy Skirts Worst But Still Lags
  • A Week Of Bloodshed In America
  • Oldest and Youngest May Determine Presidential Election
  • How George Soros Singlehandedly Created the European Refugee Crisis—and Why
  • After ‘Brexit’ Vote, Immigrants Feel a Town Turn Against Them
  • You Might Make More Money Not Taking That Unpaid Internship

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Categories: Economics

Why the Brits voted to leave the European Union

Beyond Money - July 10, 2016 - 02:01

No, it’s not xenophobia, as the elite propaganda machine would like us to believe. It’s the same phenomenon we’re seeing in American. Quite simply, people in Britain, America, and elsewhere are finally getting wise to the neo-liberal agenda which seeks to disempower people and their elected governments and place power in the hands of the unelected, undemocratic, global banking and corporate elite. As I said in an earlier post (What do Trump supporters and Sanders supporters have in common?), people are sick and tired of:

  • Politicians who promise one thing but deliver another.
  • “Political correctness” that interferes with our ability to debate the deeper issues and concerns.
  • The rich getting richer and ever more powerful while the middle class is being destroyed.
  • Big banks that are “too big to fail” yet refuse to provide adequate financing to small local businesses.
  • Legislation that favors big corporations over small and medium-sized enterprises.
  • Fiscal policies that reduce taxes on corporations and the rich while forcing states and municipal governments to assume ever greater burdens.
  • Trade agreements that cede power from sovereign governments to transnational corporations thus undermining democratic government, the rights of labor, and environmental protections.
  • A disastrous foreign policy of interference in countries around the world that kills thousands of innocent people and stirs up hornet’s nests of resentment that manifest as massive displacements of people and acts of terror against the U.S. and its European NATO allies.

And as I concluded in another recent post, “Since the debt crisis of 2008, Americans of all classes and ideologies have finally begun to wake up to the facts that the game is rigged against them and that they have been manipulated and exploited by the Wall Street-Washington nexus. The next American revolution will happen when liberals and conservatives, Republicans and Democrats, Americans of all religions and races, stop being seduced by “hot-button” rhetoric and come to realize what their common interests are and are able to work in harmony toward the common good.”

In the following video, British filmmaker John Pilger expresses similar thoughts with regard to Brexit:

Categories: Blogs

Daily Digest 7/9 - A Story Of Debt, Is America Falling Apart or Finally Waking Up?

Chris Martenson - July 9, 2016 - 08:40
  • Crazy - A Story of Debt, by Grant Williams
  • Dallas Quiet After Police Shooting, but Protests Flare Elsewhere
  • Is America Falling Apart or Finally Waking Up?
  • Navigating the Dangers of a Corrupt Wall Street
  • Zika-Infected Person Dies in Utah
  • New Challengers for Lithium-Ion Batteries About To Enter The Market
  • Where will the green slime go? Florida tracks its spreading algae
  • New research explains why Antarctic sea ice has grown

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Categories: Economics

Interledger for the credit commons?

Matslats - July 9, 2016 - 03:04

Lucas Huber suggests that the Interledger Protocol would be a suitable technology for implementing the credit commons. This post is a space to explore that more fully.
Credit commons was originally conceived as a ledger between the all the ledgers on all the separate platforms of the complementary currency movement, and the actual function of the interledger protocol is the same, to ensure that one transaction in one ledger is equivalent to another transaction in another ledger, thus that money/credit are not created/lost by mismatches in ledgers.
However when we regard money as credit relations between members of a trusted group, rather than as a commodity actually changing hands then the interledger protocol seems less suitable to me.

  1. With the mutual credit approach, there is really only one ledger in the middle which embodies the single contract which all members have entered into. But I think Interledger implies that connectors have to be set up between every possible pair of ledgers. As the network grew, an exponentially growing number of connectors would be needed. That means only within Community Forge Community Forge that would mean managing potentially thousands of connectors, many of which would never be used.
  2. That array of connectors would then need to be running a with a common policy around minimum and maximum credit limits, which would need to be updatable.
  3. Since Interledger doesn't create a ledger of ledgers, the nesting described in the Credit Commons white paper would be impossible.
  4. Interledger uses escrow methodology and assumes that transactions are irreversible, which is how money-as-a-commodity works in law. This approach just seems inappropriate for managing credit relations.
Categories: Blogs

The Great Market Tide Has Now Shifted To Risk-Off Assets

Chris Martenson - July 8, 2016 - 12:03

In the conventional investment perspective, risk-on assets (i.e. investments with higher risks and higher potential returns) such as stocks are on a see-saw with risk-off assets (investments with lower returns and lower risk, such as Treasury bonds). When risk appetites are high, institutional managers and speculators move money into stocks and high-yield junk bonds, and move money out of safe-haven assets such as gold and U.S. Treasuries.

But recently, markets are no longer following this convention. Safe haven assets such as precious metals and Treasuries are soaring at the same time that stock markets bounced strongly off the post-Brexit lows.

Risk-on assets (stocks) rising at the same time as safe-haven assets is akin to dogs marrying cats and living happily ever after. 

What the heck is going on?

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Categories: Economics

Investing For Crisis

Chris Martenson - July 8, 2016 - 12:03
Executive Summary
  • Which coming developments we can predict with certainty
  • Why the next crisis won't be like 2008
  • Why what worked post-2008 won't work this time
  • Where stocks and gold are headed
  • Where to find safe haven for your investment capital

If you have not yet read The Great Market Tide Has Now Shifted To Risk-Off Assets, available free to all readers, please click here to read it first.

In Part 1, we reviewed the market’s risk-on, risk-off gyrations and laid out the case for long-term declines in confidence, political stability and profits.  What does this new era of uncertainty mean for individual investors?

What’s Predictable?

We can start by asking—is there anything we can predict with any certainty?

I think we can very confidently predict that future central bank monetary policies will fail to generate sustainable growth or fix what’s broken in the global financial system.

I think we can predict that uncertainty will only increase with time rather than decrease. This rise of uncertainty will predictably lower the attractiveness of risk-on assets, other than as short-term speculative bets after some central banker issues yet another “whatever it takes” proclamation.

It’s also a pretty good bet that if central banks and states continue expanding credit/money that isn’t matched by a corresponding expansion of goods and services, the purchasing power of those currencies will decline.

We can very confidently predict that the authorities will continue to do more of what has failed spectacularly until they are removed from power or the system breaks down.

We can predict with some confidence that issuing more debt will provide little productive results.

I also think we can hazard a guess that the next financial crisis will be of a different sort than the 2008-09 Global Financial Meltdown.

Just as generals prepare to fight the last war, with predictably dismal results (unless the exact same war is replayed, which rarely seems to happen), central bankers are fully prepared to stave off a crisis like the one in 2008: a financial crisis that emerges from leveraged bets going bad in money-center investment banks.

My basic presumption is...

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Categories: Economics