The West's Reckless Rush Towards War with Russia

We're taking big risks for unclear reasons
Thursday, July 31, 2014, 9:54 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


Orhan Cam/Shutterstock

The State of the Deep State

The monster in America’s closet
Wednesday, April 30, 2014, 8:43 AM

We’ve been hearing a lot about the so-called Deep State lately. What to make of this shadowy monster? Some observers link it to the paranoid fantasy called the New World Order, a staple of political talk radio (and a hobgoblin I don’t believe in). 

I like to say that I’m allergic to conspiracy theories because human beings are generally too inept to carry out schemes at the grand scale, as well as being poor secret-keepers. Insider knowledge is almost always swapped around, even in secretive organizations, often recklessly so, because doling it out confers status, tactical advantage, and sometimes money for the doler-outer. But the Deep State isn’t a secret. It operates in plain sight. » Read more



The Disenchantment of American Politics

And the coming uproar
Wednesday, January 8, 2014, 11:34 AM

Considering the problems we face as a nation, the torpor and lassitude of current politics in America seems like a kind of offense against history. What other people have allowed circumstances to run over them like so many ‘possums sleeping on the highway?

And, since human affairs don’t remain static indefinitely, in what direction might things go when the political mood finally heaves and shifts? The possibilities are unsettling. » Read more



2013 Year in Review

Austerity is not a policy
Friday, December 20, 2013, 12:36 PM

Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. Moreover, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in full. » Read more



2013 Year in Review (Part 2)

Broken markets, too much debt, and less & less liberty
Friday, December 20, 2013, 12:26 PM

Part of David Collum's 2013 Year In Review » Read more

Daily Digest

Image by U.S. Army Environmental Command, Flickr Creative Commons

Daily Digest 5/6 - OPEC Falling Apart at the Seams, The Thin Red Line

Monday, May 6, 2013, 10:02 AM
  • Even In a Time of Elephantine Vanity and Greed
  • Quantitative Easing is a Heavy Load
  • German euro founder calls for 'catastrophic' currency to be broken up
  • Schiff: We're Heading For A Crisis Worse Than 2007
  • The Thin Red Line
  • OPEC Falling Apart at the Seams
  • How Resource Limits Lead to Financial Collapse

We've Dug a Pretty Damn Big Hole for Ourselves

How do we get out of this mess?
Monday, April 22, 2013, 9:15 PM

The diminishing returns of technology are insidious, and they are ever with us. By this I mean the slow erosion of the quality of life, despite the impression that technological wonders only make our lives better. » Read more

Featured Discussion

US Congress Defangs Enforcement of Its Own Insider Trading

US Congress Defangs Enforcement of Its Own Insider Trading

"The rules will be changed" when those in power don't like what's happening


Off the Cuff: It Feels Like 2007 All Over Again

There's a bubble in "belief"
Thursday, December 20, 2012, 12:43 AM

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

  • Fiscal cliff "smoke"
    • Not enough substance to include "mirrors"
  • The markets' grim outlook
    • Most difficult time for investors in generations
  • Crazy ideas
    • Could the Fed get away with taking all debts onto it books?
  • Media spin
    • There's a bubble in "belief"

48 hours to go and no Fiscal Cliff deal in sight. The recently touted "Plan B"... » Read more


Four More Years

Predicting a global recession in 2013
Thursday, November 8, 2012, 10:51 AM

Obama has been re-elected. Given the hyperbole and highly emotional rhetoric of the election, it is hard to imagine that the U.S. is anything but slightly more divided than before, with the gaps and divisions widening more and more as time goes on.

The real tragedy in this story is that virtually none of the really big and important issues were even touched in this election cycle. One party pointed to how much they managed to increase military spending while the other promised to exceed even that. One side said they'd promote even faster drilling and extraction of our dwindling energy reserves and the other promised they could do it even faster. Both said they wanted more growth and more jobs and more, more, more. » Read more