Like many concerned about the growing credit bubble, Jim Bruce did his best to warn family and friends about the looming risks leading up to the 2008 financial crisis. Not many heeded him.
Jim, though, had not only positioned his portfolio defensively for such an event, he also managed to make profits by betting against the stocks in overly leveraged financial institutions. But it's what he did with the money he made that's the interesting story here. » Read more
James Turk believes the time we live in now will be studied by future historians for generations to come. Just as we today marvel at the collective madness that resulted in the South Sea and Dutch tulip manias, our age will be known as the era when society lost sight of what money really is.
And as result, the wrong kinds of wealth -- today, that's mostly financial assets -- are valued and pursued. And just like those bubbles from centuries ago, when the current asset boom goes bust, the value of paper wealth will vaporize. » Read more
As we embark on a new year, it's important to keep the really big elements of our global predicament squarely in mind. To that end, we're surfacing this excellent discussion on population growth that Chris recorded in 2012 with Bill Ryerson of the Population Institute.
At the heart of the resource depletion story that we track here at PeakProsperity.com is the number of people on earth competing for those resources.
The global population is more than 7 billion now and headed to 9 billion by 2050. If world population continues its exponential growth, when we will hit planetary carrying capacity limits with our key resources (or are we already exceeding them)? What are the just, humane, and rights-respecting options that are on the table for balancing the world’s population with the ability of the earth to sustain it? » Read more
This week Chris speaks with Brian Pretti, managing editor of ContraryInvestor.com, a financial commentary site published by institutional buy-side portfolio managers. In their discussion, they focus on the global movement of capital since quantitative easing (QE) became the policy of the world's major central banks.
The ensuing excellent discussion is wide ranging, but the key takeaway is that capital is being herded into fewer and fewer asset classes. With such huge volumes of money at play, very crowded trades in assets like stocks and housing have resulted -- bringing us back to familiar bubble territory in record time. » Read more
Partisan politics is something we actively avoid discussing on this site. Instead, we prefer to operate in the domain of provable fact. But that doesn't mean that we have written off the political process entirely. » Read more
2013 was a frustrating year for those who believe in cause and effect. Markets have been levitated far above what fundamentals would justify. Sovereign debt has increased tremendously, but seemingly without repercussion. Central planners have become more brazen in their belief that intervention is the best way to control both an economy and its citizens – to surprising little outcry from the populace: » Read more
"A very, very large amount of our total food production is depending on a diminishing supply of water," remarks Jack Keller, one of our own regulars here in the PeakProsperity.com community and an accomplished world expert on water management.
Similar to oil and other key natural resources that are mined and consumed, water is subject to the same exponential trends. Both surface supply and underground fossil stores of clean water are depleting at alarming rates, and the energy and economic costs of extraction are swiftly increasing. » Read more
At the Casey Research Summit last month, Chris had the opportunity to sit down with longtime precious metals investor and proprietor of 321gold.com, Bob Moriarty.
Right before their conversation, Bob had picked up a local Arizona newspaper and read an AP article titled "US Reliability Questioned Overseas" (the government shutdown was in full swing at this time). It discussed, among other concerns voiced by foreigners, whether continuing to rely on the US dollar as the world's reserve currency is prudent given America's political dysfunction and its debt levels. » Read more