Blog en Fortunes Will Be Made & Lost When Capital Flees To Safety ]]><p>Little did I realize when creating the short video below how prescient it would quickly become in the wake of last night&#39;s&nbsp;Brexit&nbsp;vote...</p> <p>It&#39;s message is simple: there&#39;s a preponderance of data that shows the world&#39;s major asset markets are dangerously overvalued. And when these asset bubbles start to burst, the &#39;save haven&#39; markets that investment capital will try to flee to are ridiculously small. Investors who do not start moving their capital in advance of crisis will be forced to pay much higher prices for safety -- or may find they can&#39;t get into these markets at any price.</p> <p><a href="" target="_blank">read more</a></p> Blog Bitcoin bonds cryptocurrencies cryptocurrency derivatives dollar gold precious metals safe haven silver stocks Fri, 24 Jun 2016 20:46:30 +0000 Adam Taggart 98985 at Tensions Between US/NATO & Russia Are Flaring Dangerously ]]><p>As if there weren&rsquo;t enough crises to worry about in the world already, from shooting rampages to accelerating species loss, the US and NATO continue to &lsquo;poke the bear&rsquo; and risk an outbreak of war with Russia.</p> <p>I wish this were idle speculation. But if you haven&rsquo;t been paying close attention, you&#39;ll probably be shocked at just how much direct military and diplomatic provocation has been going on between NATO/US and Russia over the past several years -- and in recent weeks, in particular.</p> <p><a href="" target="_blank">read more</a></p> Blog NATO Russia war Fri, 17 Jun 2016 21:16:39 +0000 cmartenson 99008 at An Everyman's Guide To Understanding Cryptocurrencies ]]><p>When an asset rises by almost 30% in a few weeks, it tends to attract attention.&nbsp; Recently, that asset was bitcoin (BTC). The price of BTC in dollars rose from $454 on May 23 to $590 on June 6<sup>th</sup>.</p> <p>When an asset doubles in a matter of months, it tends to attract attention.&nbsp; The cryptocurrency Ether (part of the Ethereum platform) doubled from around $7 in April to roughly $14 in early June.</p> <p>Are these&nbsp;cryptocurrencies&nbsp;mere fads? Or are they potentially game-changing alternatives to the conventional currencies such as the U.S. dollar, Chinese&nbsp;RMB, Japanese yen or European Union euro?</p> <p><a href="" target="_blank">read more</a></p> Blog Bitcoin central banks Charles Hugh Smith cryptocurrencies cryptocurrency currency debt digital currencies ether etherium inflation money Fri, 10 Jun 2016 21:51:07 +0000 charleshughsmith 98830 at Grasshopper Nation: Planning For Those Who Aren't Prepared ]]><p>Our resources are finite. Most of us don&#39;t feel we have all that we require to meet our own needs and goals. And the best-laid preparations of the most planful of us can suddenly become woefully insufficient if too many unexpected family, friends and neighbors show up demanding our charity.</p> <p><a href="" target="_blank">read more</a></p> Blog ant crisis Economic Policy Institute Emergency emergency preparedness grasshopper Preparedness preparing prepping social unrest Sat, 04 Jun 2016 01:40:02 +0000 Adam Taggart 98674 at Observations From The Heart Of Silicon Valley ]]><p>Yesterday I made the 2-hour drive back to Silicon Valley, where I lived for 15 years before moving out to the country.</p> <p>I rarely go back, as I miss very little about the hyper-elite scene there. When I do, though, I feel I have a useful &#39;insider-now-outsider&#39; perspective that allows me to see things there more accurately than those who live in that fishbowl 24/7.</p> <p>What hit me most strongly upon arriving back in the Menlo Park/Palo Alto area, is how little of the craziness has changed since I left 4 years ago. I don&#39;t mean &#39;unchanged&#39; though; rather that the same craziness is there, just more extreme than ever.</p> <p><a href="" target="_blank">read more</a></p> Blog Apple bubble central bank China Elizabeth Holmes Federal Reserve Google home prices housing LinkedIn Menlo Park Netflix Palo Alto rent prices Silicon Valley tech Theranos twitter venture capital Fri, 20 May 2016 00:11:48 +0000 Adam Taggart 98395 at Which Countries Will Be Tomorrow's Winners & Losers? ]]><p>The dictum &ldquo;demographics is destiny&rdquo; proposes that all the complexities of finance, society and politics are ultimately guided by demographics: the relative size of each generation, birth rates, death rates, etc.</p> <p>Where does this lead? If geography and demographics have already defined which nations will be attractive to capital and most likely to accumulate productive capital in their domestic economy, and those nations that will struggle due to high costs and low rates of capital investment, in effect Nature (geography) and Culture (demographics) have already picked tomorrow&rsquo;s winners and losers.</p> <p><a href="" target="_blank">read more</a></p> Blog capital Charles Hugh Smith demographics geography Peter Zeihan Sat, 14 May 2016 00:23:44 +0000 charleshughsmith 98110 at The Inevitability Of Unintended Consequences ]]><p>Anyone involved with managing projects, people or systems knows that the only thing that can be planned with absolute certainty is that things will never go 100% according to plan.</p> <p>This is true even in exceedingly simple situations, which we&#39;ve written about at length here at Peak Prosperity (the uncontrollable nature of the straightforward&nbsp;<a href="" target="_blank">Beer Game detailed in this post on the Bullwhip Effect</a>&nbsp;outlines this well). And it&#39;s one of the truisms that gives us the most confidence that the world&#39;s central planners will eventually lose control of the global systems they are trying to manage via increasingly heavy-handed intervention.</p> <p><a href="" target="_blank">read more</a></p> Blog unintended consequences Tue, 10 May 2016 06:04:51 +0000 Adam Taggart 98224 at Chaos & Volatility On The Rise ]]><p>No, that&rsquo;s not a &lsquo;click bait&rsquo; sensationalist article title. Things are getting &lsquo;weird&rsquo; out there if you&rsquo;re trying to be polite, and downright chaotic if you are being blunt.&nbsp; Everywhere we look, we see signs that the systems that support us are breaking down.&nbsp;</p> <p>All of these are signs that the status quo has failed and continues to fail us. But the form of power expressed by our so-called &lsquo;leaders&rsquo; today seems nearly incapable of healthy introspection coupled to correct action; preferring instead to do more of the same things that got us into this mess in the first place.</p> <p><a href="" target="_blank">read more</a></p> Blog chaos economy Fort McMurray hedge funds Markets stocks volatility Sat, 07 May 2016 00:01:48 +0000 cmartenson 98186 at Why We're So Unhealthy ]]><p>I was fortunate to attend a&nbsp;permaculture&nbsp;conference, &#39;<strong>Better Soil, Better Food...A Better World&#39;</strong>&nbsp;at&nbsp;<a href="" target="_blank">Tara Firma Farms</a>&nbsp;in&nbsp;Petaluma, California this past weekend that Adam Taggart (co-founder of Peak Prosperity) was responsible for producing. Joel&nbsp;Salatin&nbsp;(author of nine books, including&nbsp;<a href="" target="_blank">Everything I Want To Do Is Illegal: War Stories from the Local Food Front</a>&nbsp;and head farmer at&nbsp;Polyface&nbsp;Farms, Virginia), Paul Kaiser (Singing Frogs Farm, Sonoma, California), Toby&nbsp;Hemenway&nbsp;(author of&nbsp;<a href="" target="_blank">Gaia&#39;s Garden: A Guide to Home-Scale&nbsp;Permaculture,&nbsp;2nd&nbsp;Edition</a>), and Robb Wolf (author of&nbsp;<a href="" target="_blank">The&nbsp;Paleo&nbsp;Solution: The Original Human Diet</a>) were on hand to explain the connections between the way our food is grown, processed and distributed and our ill-health.</p> <p>Though these connections are common sense&mdash;we all know about garbage in, garbage out&mdash;the linkage between our extractive,&nbsp;monoculture&nbsp;agriculture and all the other subsystems of food and health remains opaque to most Americans.</p> <p><a href="" target="_blank">read more</a></p> Blog American Medical Association arthritis BMI Cancer Charles Hugh Smith diabetes Diet health health care heart disease high blood pressure nutrition Obesity Fri, 29 Apr 2016 23:31:31 +0000 charleshughsmith 98031 at Automating Ourselves To Unemployment ]]><p>In this current era of central planning,&nbsp;malincentives&nbsp;abound. We raced to&nbsp;frack&nbsp;as fast we could for the quick money, while leaving behind a wake of environmental destruction and creating a supply glut that has killed the economics of shale oil. Our stock exchanges sell unfairly-fast price feeds for great sums to elite Wall Street high-frequency-trading firms, and as a result have destroyed investor trust in our financial markets. &nbsp;The Federal Reserve keeps interest rates historically low to encourage banks to lend money out, yet instead the banks simply lever up to buy&nbsp;Treasurys&nbsp;thereby pocketing vast amounts of&nbsp;riskless&nbsp;free profit. The list goes on and on.</p> <p>One particular&nbsp;malincentive&nbsp;has been catching my attention recently, one that feels especially pernicious because it does not seem easily reversible, if at all. For US employers both large and small, it&#39;s becoming increasingly less appealing to employ human labor.&nbsp;</p> <p><a href="" target="_blank">read more</a></p> Blog AI Automation employment jobs labor layoff malincentive malinvestment mechanization robot robotics technology unemployment Thu, 28 Apr 2016 01:39:49 +0000 Adam Taggart 97851 at