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Off the Cuff: Bankrupt State Pensions

Illinois shows us what to expect in the coming future...
Thursday, May 7, 2015, 11:18 AM

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

  • Illinois' Staggeringly Underfunded Pensions
    • To the tune of $40k per household
  • Broken Promises In-Waiting
    • Many other states are in the same bad shape
  • The Pin Moves Closer To The Bubble
    • Growth is vaporizing despite record stock prices
  •  Keep A Close Eye On Bond Yields
    • Flashing warning signs that investors are getting nervous


You Are Living Two Lives

…And it’s eating you alive
Tuesday, May 5, 2015, 12:30 AM

When our team is delivering a seminar, we hear a lot about where people really are.  We create a safe and inviting place for people to talk about what lurks in their hearts and minds.

I want to talk about one of the more common themes we encounter, one that has been growing in both frequency and urgency. We call it "Living Two Lives". » Read more


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Off the Cuff: Economic Growth Is Dead

But no one is willing to admit it
Thursday, April 30, 2015, 4:15 PM

In this week's Off the Cuff podcast, Chris and John Rubino discuss:

  • Economic Growth Is Dead
    • Though world governments fear admitting that
  • The War On Cash
    • Rumors abound cash may eventually be outlawed
  • Crisis Inevitability
    • A crash is coming, whether we're too exhausted for it or not
  • Civil Rights Are Casualty #1 Of Our Failing System
    • Baltimore is just the latest flashpoint in many more to come

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Preparing for the Coming Breakdown

Protecting yourself from social collapse
Friday, April 24, 2015, 11:18 AM

Executive Summary

  • The boom in fossil energy has allowed us to enjoy a stability that we may not be able to maintain in the future
  • As society erodes, power concentrates in those intent on grabbing it
  • Nurturing cultural capital is key to maintaining freedom and fairness
  • Strategies for reducing your risk to societal breakdown

If you have not yet read Part 1: Rising Police Aggression A Telling Indicator Of Our Societal Decline available free to all readers, please click here to read it first.

Now we need to prepare those people who live in borderline uncivilized nations, which include the US, Mexico, much of South America, and a few European nations for what is coming next.

Ask yourself this: If tensions are this bad now, while relatively abundant resources exist, how bad do you think they’ll get during the next economic downturn or financial crisis?

One of the core predicaments is that the future simply cannot be more wonderful than the past in terms of ease of life and living standards. The pie is no longer growing like it used to, and someday it will begin to shrink.

My Monkey Brain

I have a confession to make. I react strongly to injustice. It simply makes my blood boil. Writing this article has been one of my less fun adventures in a while because of all the horrible injustices I had to wade through to assemble it.

For a long time I thought that my angry reaction to injustice had to do with old childhood slights around unequal Christmas gifts or something, but I’ve since learned it’s a more primal reaction than that.

Or perhaps I should say primate reaction.

Watch how Capuchin monkeys react an unfair situation and if you are like me, you’ll... » Read more


Off the Cuff: Our Culture Is Failing Us

We look more & more like a civilization in decline
Thursday, April 23, 2015, 9:15 PM

In this week's Off the Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Broken Markets
    • When all signals are false, how does one invest wisely?
  • The Decline Of Culture
    • A fundamental crisis within Western society
  • The Decline Of Civilization
    • We are on a track to repeat history, and not in a good way
  • Crafting A New Narrative
    • What should a more functional society aspire to?

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Deluding Ourselves

The theater of the absurd visits the EIA
Monday, April 20, 2015, 4:50 PM

Once you understand the role of oil, you cannot walk around or travel anywhere without seeing its massive impact on our lives.  Whether it’s the year-round abundance in our grocery stores or it’s the endless traffic jams in every city across the globe, every single day of the year, you see oil’s effect in and on our collective lives. » Read more



The Future Of Interest Rates

The Fed faces an increasingly bad set of options
Friday, April 17, 2015, 2:36 PM

Executive Summary

  • Why the Fed may no be able to raise rates from here
  • Will the Fed go to negative interest rates instead?
  • Why the next recession will limit the Fed's options greatly
  • Why it may well be too late for the Fed at this point to act

If you have not yet read Part 1: Has The Fed Already Lost? available free to all readers, please click here to read it first.

What If The Fed Isn't Actually Able To Raise Rates From Here?

Let’s start with a look at the history of the Federal Funds rate (the shortest maturity interest rate the Fed directly controls).  Alongside the historical rhythm of the Funds rate are official US recession periods in the shaded blue bars.   

Chart Source:  St. Louis Federal Reserve

Of course there is one striking and completely consistent historical commonality in the behavior of the Funds rate over time.  The Fed has lowered the Federal Funds rate in every recession since 1954 at least.  There are no exceptions.  You can see the punchline coming, can’t you?  Just how does one lower interest rates from zero to stimulate a potential slowdown in the economy?

Of course in the banking system... » Read more



Off the Cuff: Hot Money, Cold Econony

Global capital is fleeing Asia, while US GDP stagnates
Thursday, April 16, 2015, 1:28 PM

In this week's Off the Cuff podcast, Chris and Brain Pretti discuss:

  • Global Capital Flows
    • The hot money is fleeing Asia and inflating Western assets
  • What Recovery?
    • GDP growth appears to be returning to 0%
  • What Will Happen When The Fed Raises Rates
    • Or better put: can it raise rates without destroying the economy?
  • Lack Of Competent Leaders
    • Those making the big decisions are not the ones we want making them

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Ocean Acidification: An Ecological Nightmare

A far as global crises go, it's a doozy
Monday, April 13, 2015, 8:10 PM

The oceans are facing numerous difficulties including pollution (especially from farm run off), over-fishing, and dragnet methods that ruin innumerable other things besides the targeted catch -- but all of that pales in comparison to the problem of ocean acidification. » Read more


Off the Cuff: That Sinking Feeling...

The multiplying signs that we await a rude date with destiny
Friday, April 10, 2015, 3:24 PM

In this week's Off the Cuff podcast, Chris and John Rubino discuss:

  • The Police State
    • Too much evidence to ignore
  • How Low Can Interest Rates Go?
    • Looking for the limits to NIRP
  • That Sinking Feeling....
    • Why the next economic bust is going to be just horrible
  • Oil
    • What the heck is going on in that market?