Peak Prosperity News Feed en Why Gold Is Undervalued ]]><p>Gold has been in a bear market for three years. Technical analysts are asking themselves whether they should call an end to this slump on the basis of the &quot;triple-bottom&quot; recently made at $1180/oz, or if they should be wary of a coming downside break beneath that level. The purpose of this article is to look at the drivers of the gold price and explain why today&#39;s market value is badly reflective of gold&#39;s true worth.</p> <p><a href="" target="_blank">read more</a></p> Blog Alasdair Macleod China deflation dollar gold inflation money reserve currency Russia Wed, 22 Oct 2014 16:31:32 +0000 Alasdair Macleod 88268 at How The Federal Reserve Is Purposely Attacking Savers ]]><p>There&#39;s something we &#39;regular&#39; citizens wrestle with that the elites never seem to:&nbsp;<em>a sense of moral duty</em>.</p> <div>In a perfect world, we&nbsp;<em>would</em>&nbsp;honor our debts and obligations, every one of us. But the world is an imperfect place ,and moral obligation is something that almost never enters into the decision matrix of our society&#39;s richest. Or the banking industry.</div> <p><a href="" target="_blank">read more</a></p> Blog banking central banks credit debt Fed Federal Reserve financial repression housing Janet Yellen money mortgage short sale Mon, 20 Oct 2014 16:36:29 +0000 cmartenson 88227 at Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? ]]><p>Recently, an article by Daniel&nbsp;Amerman&nbsp;caught our attention. Titled&nbsp;<a href="" target="_blank">Is There A &ldquo;Back Door&rdquo; Method For The Government To Pay Down The Federal Debt Using Private Savings?</a>, it details the process known as financial repression, where sovereign debts are slowly paid off by&nbsp;syphoning&nbsp;private savings from an unaware populace.</p> <p>In this week&#39;s podcast, Chris discusses the mechanics of the process, as well as its probability, with Dan.</p> <p><a href="" target="_blank">read more</a></p> Podcast Dan Amerman debt economics Fed financial repression Sun, 19 Oct 2014 15:06:39 +0000 Adam Taggart 88132 at Fuzzy Numbers - Crash Course Chapter 18 ]]><p>What if it turned out that our individual, corporate and government decision-making&nbsp;was&nbsp;based on misleading, if not provably false, data?</p> <p>As we detail in this latest chapter of the&nbsp;<a href="" target="_blank">Crash Course series</a>, that&#39;s exactly the case today with the key indicators (inflation, GDP, employment, deficits, etc) our central planners are using to guide the future of the global economy.</p> <p><a href="" target="_blank">read more</a></p> Blog fuzzy numbers inflation Sat, 18 Oct 2014 01:58:48 +0000 Adam Taggart 88158 at Ebola! ]]><p>What Ebola reminds us of is that when a true pandemic arrives it will travel much faster than those in the past (thanks to air travel being an order of magnitude faster than dawning recognition) and that our complex, highly leveraged, just-in-time global economy is utterly unprepared for even a minor glitch in the flow of goods let alone the virtual lockdown that a true pandemic would require.</p> <p>A small amount of preparing can make you much less vulnerable should (when?) that comes to pass.</p> <p><a href="" target="_blank">read more</a></p> Blog CDC disease ebola health pandemic plague Virus Wed, 15 Oct 2014 13:35:43 +0000 cmartenson 88060 at Gravity Returns - The Market Drops Nearly 5% in 3 Days ]]><p>A month ago, in an analysis titled <a href="" target="_blank">Defying Gravity</a>, I wrote about the unsustainable state of the stock market&#39;s high prices.</p> <p>In it, I noted how the stock market had risen for an aberrantly-long time time without a correction, and that it hadn&#39;t even tested its 200-daily moving average price once since the beginning of 2012:</p> <p><a href="" target="_blank">read more</a></p> Blog bear market bond market bonds bull market correction crash DMA futures hedging options S&P 500 shorting stock market stocks stops Mon, 13 Oct 2014 23:14:04 +0000 Adam Taggart 88022 at Richard Gould: Learning From Ancient Human Cultures ]]><p>Richard Gould is a Professor Emeritus of Anthropology at Brown University (where I was his student) and one of the foremost experts on hunter-gatherer societies. In the&nbsp;1960s, he and his wife spent years living with the aborigines in Australia&#39;s Western Desert, observing first-hand their way of life. Through study of these people and many others around the world, his work focused on understanding how human culture and behavior adapts to environmental stress, risk and uncertainty.</p> <p>We&#39;ve invited him to this week&#39;s podcast to discuss what insights ancient cultures may be able to offer in terms of &quot;natural human behavior&quot; that may fit well within our specie&#39;s blueprint.</p> <p><a href="" target="_blank">read more</a></p> Podcast !Kung San aborigines culture Featured Voices happiness human behavior hunter-gatherer podcast Richard Gould Sun, 12 Oct 2014 16:17:17 +0000 Adam Taggart 87967 at Understanding Asset Bubbles - Crash Course Chapter 17 ]]><p>Through the long sweep of history, the bursting of asset bubbles has nearly always been traumatic.&nbsp; Social, political and economic upheavals have a bad habit of following asset bubbles, while wealth destruction is a guaranteed feature.</p> <p><a href="" target="_blank">read more</a></p> Blog asset bubble bubbles Case-Shiller credit bubble Dutch Tulip Mania home prices housing housing bubble inflation Issac Newton South Sea Bubble tech bubble tulips Fri, 10 Oct 2014 23:21:24 +0000 Adam Taggart 87966 at The Schizophrenia Tormenting Our Society & Economy ]]><p>What can popular television programs tell us about the zeitgeist (spirit of the age) of our culture and economy?&nbsp;</p> <p>It&rsquo;s an interesting question, as all mass media both responds to and shapes our interpretations and explanations of changing times. It&rsquo;s also an important question, as mass media trends crystallize and express new ways of understanding our era.</p> <p><a href="" target="_blank">read more</a></p> Blog Charles Hugh Smith culture economy politics propaganda Schizophrenia society television TV Wed, 08 Oct 2014 01:51:10 +0000 charleshughsmith 87363 at A National Failure to Save & Invest - Crash Course Chapter 16 ]]><p>As detailed in earlier chapters, the US&#39; debts and unfunded liabilities far exceed its assets. But making matters worse, the country is suffering from a prolonged failure to save and invest -- both at the personal and national level.</p> <p>Being over-indebted and under-capitalized is a recipe for hardship as we move into the future, especially if economic growth is going to be harder to come by (which we forecast in the upcoming chapters on net energy). Each year we continue this deficit makes us less able to withstand systemic shocks (a 2008-style financial crisis, an energy shock, the outbreak of war), some number of which lie&nbsp;undoubtedly ahead at some point.</p> <p><a href="" target="_blank">read more</a></p> Blog assets Crash Course debt infrastructure Investment Savings Fri, 03 Oct 2014 23:08:05 +0000 Adam Taggart 87874 at