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On the Path To War

Putin plays chess, the "markets" play Tic-Tac-Toe
Monday, August 11, 2014, 7:25 PM

The US is clearly now pushing Russia towards war. But if you read the signs correctly, Russia has been preparing for exactly this outcome for many years.

Out of several reasons that US power brokers specifically -- but western power brokers more generally -- are deeply unhappy with Russia right now is that Russia is committing a cardinal sin: it is openly, brazenly calling for an end to dollar dominance and has moved aggressively with China to achieve that aim. » Read more

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Peak Prosperity

Money Creation: The Fed - Crash Course Chapter 8

Creating money out of thin air since 1913...
Friday, August 8, 2014, 8:49 PM

Chapter 8 of the Crash Course is now publicly available and ready for watching below.

As a follow-on to the two previous chapters -- one explaining the nature of fiat money, the other showing how money is loaned into existence through our fractional reserve banking system -- this week's video details the Fed's near-magical ability to create money out of thin air (literally!). » Read more

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Is This Decline The Real Deal?

Or just another head-fake bear trap?
Wednesday, August 6, 2014, 10:36 AM

Is this stock market decline the "real deal"? (that is, the start of a serious correction of 10% or more) Or is it just another garden-variety dip in the long-running Bull market? Let’s start by looking for extremes that tend to mark the tops in Bull markets. » Read more

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Peak Prosperity

Money Creation: Banks - Crash Course Chapter 7

Get ready for your mind to be repelled
Friday, August 1, 2014, 9:14 PM

Chapter 7 of the Crash Course is now publicly available and ready for watching below.

As a follow-on to the previous chapter explaining the nature of fiat money, this week's video details one of the two methods by which it is created: fractional reserve banking. As John Kenneth Galbraith famously stated "The process by which money is created is so simple the mind is repelled." » Read more

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Newsweek

The West's Reckless Rush Towards War with Russia

We're taking big risks for unclear reasons
Thursday, July 31, 2014, 10:54 AM

For reasons that have no rational explanations at this time, the US and Europe have embarked on a concerted program to demonize Putin, ostracize Russia, and bring the world as close to a major conflict as it's been since the Cold War, a time hardly memorable to many in the current crop of our elected officials. » Read more

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What Is Money?: Crash Course Chapter 6

The world revolves around it, but it's poorly understood
Friday, July 25, 2014, 11:52 AM

Money plays an incredibly large role in the world, but yet it remains poorly understood. What exactly is it? What do the pieces of paper we hold in our wallets and bank accounts actually represent?

Developing an understanding of the underlying role of money allows us to better see when it is being used properly, or abused. And history shows that abuse is more the norm than the exception: the record shows over 3,800 previous examples of paper currencies that no longer exist. » Read more

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Escaping the Rat-Race

More meaningful work that boosts career security
Wednesday, July 23, 2014, 11:48 AM

The changing nature of work doesn’t just matter to new graduates seeking their first career-track job—it’s equally important to experienced workers seeking to escape the corporate rat-race or build a new career after a layoff.

Those who understand these changes will be able to successfully adapt. Those who don’t, won’t. » Read more

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Peak Prosperity

Growth vs. Prosperity: Crash Course Chapter 5

One of these is a much wiser choice
Friday, July 18, 2014, 8:52 PM

Chapter 5 of the Crash Course is now publicly available and ready for watching below.

It challenges the conventional thinking that "economic growth" is the same thing as "prosperity". It isn't. And increasingly, we're being forced to trade one off for the other. As global surplus resources dwindle, we need to ask ourselves: Which of these do we value more? » Read more

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The Electrical Grid May Well Be The Next War's Battlefield

Crippling the US without firing a shot
Wednesday, July 16, 2014, 11:38 PM

We talk a lot about Peak Cheap Oil as the Achilles' heel of the exponential monetary model, but the real threat to the quality of our daily lives would be a sustained loss of electrical power. Anything over a week without power for any modern nation would be a serious problem.  » Read more

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RT America

VIDEO: Why, Like It Or Not, We'll Have To Live Within Our Means

RT TV digs into the new Crash Course video series
Tuesday, July 15, 2014, 8:55 PM

Last week, Erin Ade of RT TV's BoomBust interviewed Chris about the launch of the newly-revised Crash Course series. The discussion is quite far ranging, from net energy, to central bank policy, to the role and limitations of technology: » Read more