Peak Prosperity News Feed en 2014 Year in Review: Part 2 ]]><p>This year has been all about risk&mdash;existential risk. Some of it seemed to dissipate and some lingers. &nbsp;Market valuations remain risky&mdash;regression to the mean could easily provide a 50% haircut and more if we observe regression&nbsp;<em>through</em>&nbsp;the mean. This has not come to pass, but the risk is&nbsp;<em>very</em>&nbsp;real.</p> <p>Those who seek risk in markets will eventually find it.</p> <p><a href="" target="_blank">read more</a></p> Blog 2014 AIG bankers banks China civil liberties David Collum ebola Federal Reserve ISIS Japan religion risk Russia wealth Year in Review Fri, 19 Dec 2014 16:27:34 +0000 Thomas 89842 at 2014 Year in Review ]]><p>I have not seen a year in which so many risks&mdash;some truly existential&mdash;piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. Groping for a metaphor&mdash;I love metaphors and similes&mdash;I feel like we&rsquo;re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who&rsquo;s ever stepped barefoot on a Lego knows.</p> <p><a href="" target="_blank">read more</a></p> Blog 2014 Argentina bankers banks bonds cash CNBC David Collum debt deflation economy energy Fed Federal Reserve Fracking gold inflation investing jobs money oil pensions recession retirement risk S&P 500 Savings stocks Tetris twitter water wealth Year in Review Fri, 19 Dec 2014 16:27:22 +0000 Thomas 89840 at Who Will Be Tomorrow's Superpower? ]]><p>There&rsquo;s a popular geopolitical parlor game called&nbsp;<em>Who will be the next superpower?</em></p> <p>While the game excels at triggering a mind-fogging tsunami of nationalistic emotions, it doesn&rsquo;t shed much light on the really consequential question:&nbsp;<em>What is power?</em></p> <p>These are important questions to ponder as, around the world, unsustainable policies from the&nbsp;20th&nbsp;century are beginning to fail in earnest. What will the future geopolitical landscape look like in their aftermath?</p> <p><a href="" target="_blank">read more</a></p> Blog Charles Hugh Smith credit money debt oil Power Resources Roman Empire Rome superpower Wed, 17 Dec 2014 15:15:43 +0000 charleshughsmith 89838 at The Shocking Data Proving Shale Oil Is Massively Over-hyped ]]><p>Hooray, oil is suddenly much cheaper than it used to be. That&#39;s great news, right?</p> <p>Not so fast. For certain it&#39;s not good news for those counting on a continued rise in US oil production from the &quot;shale miracle&quot;. Many drillers were challenged to operate profitably when oil was above $70 per barrel. Very few will remain solvent with oil in the $50s&nbsp;(as it is as of this writing).</p> <p>So, expect US oil production to suffer from these lower prices if they persist. But even if oil prices rise and rise soon, there&#39;s new data that indicates the total amount of extractable oil from America&#39;s shale plays is less --&nbsp;<em>much</em>&nbsp;less -- than what we&#39;re being told (or better put, &quot;sold&quot;).</p> <p><a href="" target="_blank">read more</a></p> Podcast Bakken David Hughes Eagle Ford Fracking oil Permina Basin rig shale shale oil Sun, 14 Dec 2014 00:03:54 +0000 Adam Taggart 89793 at Deflation Is Winning ]]><p>Remember in the early part of the last decade, long before he was appointed the Chairman of the Federal Reserve, Ben Bernanke penned an article that caught widespread public attention entitled, &ldquo;Deflation: It Can&rsquo;t Happen Here&rdquo; ?</p> <p>Bernanke was referring to the deflationary pressures Japan had been dealing with for more than a decade. In the article, Bernanke laid out a game plan for how the Fed would respond if the US ever faced deflationary pressures. His miracle antidote for battling deflation? Printing money. Lots of it.</p> <p>Little did anyone know at the time that this game plan would become the Fed&rsquo;s exact response to the credit market crisis and deflationary impulse that erupted in 2008 and 2009.</p> <p><a href="" target="_blank">read more</a></p> Blog Ben Bernanke Brian Pretti central banks credit crisis debt deflation economy Fed Federal Reserve GDP inflation Japan money QE quantitative easing Wed, 10 Dec 2014 15:21:39 +0000 Brian Pretti 89523 at Mike Maloney: The Coming Wealth Transfer ]]><p style="font-size: 12.7272720336914px;">History may not repeat but it sure does rhyme. Mike Maloney has studied monetary and financial breakdowns&nbsp; throughout history and concludes that there&#39;s nothing new or different happening this time, except its global and far more massive than any other time in history.</p> <p style="font-size: 12.7272720336914px;">Worse, there are echoes of 1911 where a series of diplomatic blunders and national pride and intransigence combined to create the still largely inexplicable start to WW I. &nbsp;</p> <blockquote><p style="font-size: 12.7272720336914px;"><strong>Chris&nbsp;Martenson:&nbsp;</strong>Well it&rsquo;s global this time, right? This is -- there&rsquo;s nowhere to hide. (...) &nbsp;What has happened when we&rsquo;ve tried to print our way to prosperity before? What has happen? Why has it happened and what have been the consequences always been?</p> <p style="font-size: 12.7272720336914px;"><strong>Mike Maloney:</strong>&nbsp;Whenever you try to print your way to prosperity it transfers well from the masses to the few. The few being the people running the game and then also the hucksters that are very nimble, the con artists and so on. You see these people get rich during the Weimar Hyperinflation. There were quite a few of these fancy salespeople that got rich; they didn&rsquo;t stay rich once things stabilized again.</p> <p style="font-size: 12.7272720336914px;">But it creates such a&nbsp;topsy&nbsp;turvy&nbsp;world that the normal person that does not know how to operate under these weird economic conditions cannot possibly keep up with things and wealth is transferred away from those people to the people that are very good at observing what&rsquo;s going on that second and adjusting to it. But the one thing that I see as a constant throughout history is that gold and silver eventually do an accounting of all this -- the financial -- you know financial finessing that the governments are doing.</p> <p style="font-size: 12.7272720336914px;">And when it does that it -- there is a transfer of wealth to the people that own gold and silver. And so -- it&rsquo;s very rare moments in history. This does not happen often. But it&rsquo;s a great opportunity and I&rsquo;ve just -- you know if you look at gold right now the public&rsquo;s opinion of gold is quite low because it&rsquo;s been going down for three years.</p> <p style="font-size: 12.7272720336914px;">But if you look at it in a longer timeframe and I started investing in gold in 2002 and by early 2003 I started investing in silver and if you look at it from the year 2000 it&rsquo;s still the best performing of the assets. It&rsquo;s still out performed the Dow and S&amp;P and real estate.</p> <p style="font-size: 12.7272720336914px;">And I will continue, myself, to accumulate on the way down I see this as an opportunity. And if it goes lower than it is right now, you know nobody has a perfect crystal ball. So it may have already put in its lows. But I just accumulate every single month and I will continue doing that because I see that as the only sure thing in this crazy world of currency creation.</p> </blockquote> <p><a href="" target="_blank">read more</a></p> Podcast assets currency collapse gold Mike Maloney silver wealth transfer Sat, 06 Dec 2014 20:34:48 +0000 Adam Taggart 89518 at The Environment: Increasing Waste - Crash Course Chapter 24 ]]><p>Following up on the previous chapter focusing on <a href="" target="_blank">human-caused resource depletion</a>, the other disheartening part of the story of the environment concerns the things we humans put back into it, and the impact they have on the ecosystems that support all of life -- ours included.</p> <p>Like the economy, ecosystems are complex systems.&nbsp; That means that they owe their complexity and order to energy flows and, most importantly, they are inherently unpredictable.&nbsp; How they will respond to the change by a thousand rapid insults is unknown and literally unknowable.</p> <p><a href="" target="_blank">read more</a></p> Blog Bees butterflies carbon dioxide Climate Change ecosystem environment gyre ocean acidification pesticides plankton The Crash Course trash Weather Fri, 05 Dec 2014 23:54:09 +0000 Adam Taggart 89489 at Oil And The Global Slowdown ]]><p>The world economy is slowing down and the authorities are fretting.&nbsp;</p> <p>Japan, Italy, Greece and Austria are all in recession.&nbsp; China is slowing down according to their official statistics, and even more according to the whispers.&nbsp;</p> <p>Germany, France and the Netherlands are all at stall speed.&nbsp;</p> <p>The US is, according to the BLS, doing just great at nearly 4% growth, but you wouldn&#39;t know that from either the quality of the few jobs being created (which is low) or consumer spending (also low).&nbsp;</p> <p><a href="" target="_blank">read more</a></p> Blog central banks economic growth NIRP oil shale ZIRP Thu, 04 Dec 2014 00:08:31 +0000 cmartenson 89380 at Dmitry Orlov: Russia's Patience Is Wearing Thin ]]><p>Having lived in the former USSR before immigrating to the US, Dmitry Orlov has an invaluable perspective on both the US and Russian perspectives, as well as Ukraine.</p> <p>With the western propaganda flying thick and heavy, it&#39;s more important than ever to cut through the chaff and learn what we can about the most important geopolitical realignment (and renewed tensions) in recent memory.</p> <p><a href="" target="_blank">read more</a></p> Podcast Dmitry Orlov Sat, 29 Nov 2014 18:01:27 +0000 cmartenson 89249 at The Environment: Depleting Resources - Crash Course Chapter 23 ]]><p>The bottom line is this:&nbsp;we, as a species, all over the globe, have already mined the richest ores, found the easiest energy sources, and farmed the richest soils that our Environment has to offer.</p> <p>We have taken several hundreds of millions of years of natural ore body, fossil energy deposition, aquifer accumulation, soil creation, and animal population growth -- and largely burned through them in the few years since oil was discovered. It is safe to say that in human terms, once these are gone, man, they&rsquo;re gone.</p> <p><a href="" target="_blank">read more</a></p> Blog Bingham Canyon mine Chris Martenson copper debt economic growth energy environment Exponential Growth money net energy oil ore grade primary wealth Resources resourse depletion Fri, 28 Nov 2014 19:44:31 +0000 Adam Taggart 89245 at