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SeedSafe - Special Off

Chris Martenson - January 23, 2015 - 21:03

Get ready for Spring Planting. The ReadyStore is offering Peak Prosperity readers a special 25% discount on the SEEDSAFE™ line of long term storage garden seeds. 

They have everything you need to have a robust and bountiful garden.

If you have started your garden and have begun using up your supply of seeds or are looking for a way to stock up and have some extra seeds on hand for "just in case" situations, the SeedSafe series of seeds collections are a great option.  It is a simple and convenient way to get your seed supply ready to go for this summer's garden planting and future harvests.

To take advantage of this special offer, visit the following link and use Discount Code PEAKGARDEN. Offer valid till January 31, 2015.

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Categories: Economics

Daily Digest 1/23 - The Rigging Of The Gold Market, Saudi King Misremembered As Man Of Peace

Chris Martenson - January 23, 2015 - 08:01
  • A Billionaire Lectures Serfs In Davos: "America's Lifestyle Expectations Are Far Too High"
  • The 8 Major Geopolitical Catalysts Of 2015
  • There is a new Saudi Arabian king, but the world already wants to know who will succeed him
  • Saudi Arabia's Tyrant King Misremembered As Man Of Peace
  • Silver’s Case May Have Vast Impact and Alter Entrenched Way of Governance
  • Chris Powell: The Rigging of the Gold Market
  • Vermont Yankee Shutdown
  • Environment, logic taken for a ride by surging SUV sales 

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Categories: Economics

Off The Cuff: Central Banks Gone Wild

Chris Martenson - January 23, 2015 - 07:41

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • The ECB Bazooka
    • Making sense of Draghi's QE announcement
  • The Swiss Surprise
    • A massive shock to the status quo
  • The Canadian Cut
    • Suddenly panicking about their asset bubbles
  • Making Sense Of The Madness
    • We're suddenly a lot closer to the endgame

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Categories: Economics

Daily Digest 1/22 - Metarepresented Money, Global Risks 2015

Chris Martenson - January 22, 2015 - 07:42
  • World Economic Forum: Global Risks 2015
  • The Only Road Out Of Davos
  • Pharmacy errors: How often do they happen? Nobody knows
  • Metarepresented Money
  • Countries Race to Repatriate Gold, Reveals Concern Over Impending Financial Crisis
  • Gold And Silver: Year In Review
  • The Beauty of Deflation
  • Expanding Russia Issues Europe An Ultimatum

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Categories: Economics

When This Ends, Everybody Gets Hurt

Chris Martenson - January 21, 2015 - 19:45

Central bank credibility (as fictitious as that may be) is essential to maintaining the current narrative, BUT central banks are rapidly losing their credibility (which should have happened simply via deductive reasoning a long time ago) and the strains are showing.

Their actions are increasingly wild and extreme, and it's our view that 2015- 2016 will mark the end of this long run of overly-ambitious central bankers and over-complacent markets.

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Categories: Economics

The Consequences Playbook

Chris Martenson - January 21, 2015 - 19:45
Executive Summary
  • Desperate central banks are dangerous central banks
  • Why wealth disparity will get worse
  • The list of what comes next as central banks lose control
  • What you should do in advance

If you have not yet read When This Ends, Everybody Gets Hurt available free to all readers, please click here to read it first.

What’s really happened since 2008 is that central banks decided that a little more printing with the possibility of future pain was preferable to immediate pain.  Behavioral economics tells us that this is exactly the decision we should always expect from humans. History says as much, too.

It’s just how people are wired. We’ll almost always take immediate gratification over deferred, and similarly choose to defer consequences into the future, especially if there’s even a ridiculously slight chance they won’t materialize.

So instead of noting back in 2008 that it was unwise to have been borrowing at twice the rate of our income growth for the past several decades -- which would have required a lot of very painful belt-tightening -- the decision was made to ‘repair the credit markets’ which is code speak for: ‘keep doing the same thing that got us in trouble in the first place.’

Also known as the ‘kick the can down the road’ strategy, the hoped-for saving grace was always a rapid resumption of organic economic growth. That’s how the central bankers rationalized their actions. They said that saving the banks and markets today was imperative, and that eventually growth would return, justifying all of the new debt layered on to paper-over the current problems.

Of course, they never explained what would happen if that growth did not return. And that’s because the whole plan falls apart without really robust growth to pay for it all.

And by ‘fall apart’ I mean utter wreckage of the bond and equity markets, along with massive institutional and sovereign defaults. That was always the risk, and now we’re at the point where...

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Categories: Economics

Faircoop in Catalonia talks about the economy we need and the cryptocurrency it...

Community Currency Magazine - January 21, 2015 - 18:45
Faircoop in Catalonia talks about the economy we need and the cryptocurrency it has created to get us there

FairCoop: virus of cooperation infects a new economy | ROAR Magazine
The ‘Robin Hood of the Banks’ strikes again. This time the aim is to create a worldwide cooperative to develop and expand a new economy of the commons.
Categories: Economics

New Minnesota Bill a Step in the Right Direction for Seed Sharing

Shareable Magazine - January 21, 2015 - 09:17

Last week, SF 132, a bill exempting certain organizations from Minnesota seed law, was introduced to the Minnesota State Legislature.

Categories: Economics

Daily Digest 1/21 - Europe On Brink Of Deflating, Tuition Burden On Students Hits New High

Chris Martenson - January 21, 2015 - 07:27
  • Professor Seen as BOJ Board Candidate Wants Price Goal in Law
  • Japan core inflation to slow, may prompt more BOJ stimulus
  • Krugman warns of scary future due to spectre of deflation
  • IMF cuts global growth outlook, warns of deflation risk
  • Europe on brink of deflating, needs stimulus: Larry Summers
  • Study finds no easy way to Illinois debt reduction
  • University of Minnesota tuition, adjusted for inflation
  • College tuition: Burden on students hits new high
  • Wall St dips, but hopes grow for central bank actions
  • European stocks hit multiyear highs on hopes for ECB easing

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Categories: Economics

New Report Details Need to Design for a Shared Future

Shareable Magazine - January 21, 2015 - 07:11

As a professor, I spend my days asking what inspires people to take steps for change in local neighbourhoods (in the UK, where I live, and beyond). I also look at the impact of grassroots and DIY activity, like making, growing and sharing together. I’ve just completed Design for Sharing [pdf], a study about how people build sharing resources locally and what kind of environment supports it.

Categories: Economics

Money and Society: Free university-level online course being offered

Beyond Money - January 20, 2015 - 15:17

A free online course (MOOC) in Money and Society is being offered by Professor Jem Bendell, PhD (IFLAS) and Matthew Slater, under the aegis of the Institute for Leadership and Sustainability of Cumbria University. The four lessons of the course, intended to” explode myths about the history, nature, present and future of money,” will commence 16 February 2015 and conclude 18 March 2015. For details and registration go to


Categories: Blogs

Composting Coop Taps into the Unbroken Spirit of Rust Belt Cities

Shareable Magazine - January 20, 2015 - 14:01

Above photo: Rust Belt Riders co-founders Daniel Brown (left) and Michael Robinson (right) on Cleveland's Lorain-Carnegie Bridge 

Daniel Brown is co-founder of Rust Belt Riders Composting, a worker-owned, bike-based, organic waste removal company in Cleveland. Here, he shares the story of how the Riders got their start, how cooperatives create a new framework for communities, and how rust belt cities are imbued with a changing, yet unbroken, spirit.

Categories: Economics

6 Ways to make an emergency candle

Chris Martenson - January 20, 2015 - 11:05

6 great ways to be resourceful in creating emergency lighting and make candles out of everyday household items.

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Categories: Economics

Daily Digest 1/20 - Hidden Suburban Poverty, Life After An Economic Collapse

Chris Martenson - January 20, 2015 - 09:02
  • Suburban Poverty, Hidden on Tree-Lined Streets
  • March of the Squirrels
  • Life After An Economic Collapse: The Same... Only Worse
  • In State of the Union Address, Obama Is to Move Past Hardship and Reset Goals
  • A Solemn Pause
  • Crushing The U.S. Energy Export Dream
  • We’ve crossed four of the nine boundaries supposedly separating us from planetary destruction
  • The Case For Eating Older Animals

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Categories: Economics

What To Believe Anymore?

Chris Martenson - January 20, 2015 - 06:40

Well, here we are in the late hours of the latest and biggest bubbles that central banks can blow. The whole world is involved and no country will be immune from the aftershocks when these nested bubbles in virtually all asset classes burst.

In fact, the whole scheme requires that political and monetary solidarity be maintained. If anyone breaks ranks, then the whole thing could come crashing down.

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Categories: Economics

Storing your Harvest in a Root Cellar

Chris Martenson - January 19, 2015 - 09:51

When it comes to storing your harvest, you have a couple of options. Freezing, dehydrating, canning, and storing fresh in a root cellar. I prefer freezing berries, corn, beans, peppers, peas, tomato based vegetable soup and eggplant. I like to dehydrate my herbs, early season apples and pears. Canning is great for pickles, tomato based soup (which can also be frozen), and beets. The root cellar is a great place to store your late season fruits, root vegetables and pumpkins for the winter. Onions, carrots, potatoes, parsnips, turnips, cabbage, pears, and apples do well in a root cellar.

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Categories: Economics

Daily Digest 1/19 - Cryptocurrency On Trial, We Are In A Financial Meltdown

Chris Martenson - January 19, 2015 - 08:06
  • We Are in a Financial Meltdown: Nomi Prins
  • Richest 1% Likely to Control Half of Global Wealth by 2016, Study Finds
  • Obama Will Focus on Wealth Inequality—Not Just Income
  • Cryptocurrency On Trial
  • Red States Are Reinventing Medicaid to Make It More Expensive and Bureaucratic
  • What to Do With a Dying Neighborhood
  • Oil Industry Withdraws From High Cost Areas
  • BMW Sees Cheap Gas Making Electric Cars a Harder Sell

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Categories: Economics

New Report Points to Sharing as Unifying Force for Global Change

Shareable Magazine - January 19, 2015 - 07:00

An independent, civil society organization campaigning for a fairer sharing of wealth, power and resources, Share the World's Resources (STWR) recently released Sharing As Our Common Cause, a report detailing all the ways sharing can act as a unifying force to address multiple planetary crises.

Categories: Economics

A Quick Sanity Check

Chris Martenson - January 18, 2015 - 21:06

Sometimes it pays to step way back and look at things from a high level.

In response to the 2008 crisis, the world's major central banks pumped an unprecedented amount of monetary stimulus into the system -- all in the name of kick starting enough economic growth to pull the planet out of its fundamental sinkhole of Too Much Debt.

More than six years and over $4 trillion later, what exactly can we say it did for us?

Not enough, as the following short video summarizes.

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Categories: Economics