Precious metals sank to 5-year lows during this past week. The long painful price decline that began at the end of 2011 still continues unabated. Holders of gold & silver are understandably wondering if their faith in precious metals has been misplaced. » Read more
Automation and artificial intelligence are changing the landscape of work. Tens of millions of jobs are on track to be eliminated over the next decade or so by these advancing technological innovations in the US alone.
The way in which our current economy is constructed, the fruits of those cost savings are likely to go into a very small number of private pockets, while the millions of displaced workers will find themselves with no income and no work to do. It's a huge looming problem that is not being address in national dialog right now.
But there's opportunity to course-correct here. To use our new technologies to increase total productivity in a way that empowers rather than diminishes the individual worker. » Read more
As existential questions go, this one's a biggie. Each of us, to varying extents, continually wrestles with answering it as we make our way in the world.
But tackling such a big question is really hard, and often overwhelming for most of us. How do we know where to start? How do we know what we truly enjoy? What we're truly good at? What truly fulfills us?
Having solid, science-based data points to help guide us in our our exploration and decision making would sure be useful. Especially with the big decisions, like what to study in school, what type of career path to choose, and how to play to our strengths in what we do. » Read more
Bill Black, expert on Wall Street control fraud, returns to discuss the gross abuses of power rampant in our financial, political and judicial systems. In his estimation, regulation and enforcement of financial crimes have been completely gutted and de-fanged -- intentionally by corrupt politicians, and unintentionally by inept ones. All while the Justice Department turns a blind eye. » Read more
Recently, author and "de-growth activist" Charles Eisenstein stopped by the Martenson homestead while traveling on business. Taking advantage of the opportunity, Chris sat him down to record an impromptu discussion on the nature of wealth.
As should come as little surprise to Peak Prosperity readers, financial wealth ("money") is just one component -- and given society's current over-fixation with it, its pursuit oftentimes limits our ability to be truly wealthy. » Read more
Author Kurt Cobb writes frequently on energy and the environment and warns that our current economic policy suffers from a fatal degree of magical thinking: sufficient new resources will emerge if the price is high enough.» Read more
Despite the attention-grabbing economic volatility that is grabbing headlines, it's important to keep our eye on the energy story firmly in focus. This is especially true as the headlines we regularly read about Peak Oil being dead " are "manifestly false" according to this week's podcast guest, petroleum geologist Jeffrey Brown.
As concerning as the fact that global oil production has plateaued over the past decade, despite trillions invested in trying to goose it higher, are Brown's forecasting model for oil exports. His Export Land Model shows how rising internal consumption can swing (and has swung) countries from major exporters to permanent importers within a dizzyingly short period of time. » Read more
There is a pretty clear path for those looking to pursue better health. Pretty much anyone can do it (Chris and I both did), and it doesn't cost a lot of money nor make you feel miserably deprived of life's joys. In fact, you'll look, feel, and actually be much better. » Read more
Famed investor and author of the Gloom, Doom, Boom Report, Marc Faber, returns to the podcast this week to discuss the slowdown in the global economy, signs of which he claims are multiplying fast all around the world.
He predicts the next year is going to be an especially bruising one for investors, and recommends a combination of diversification and defense for those with financial capital to protect. » Read more