Peak Prosperity News Feed en Off the Cuff: Japanese Central Bank Throws Granny Under The Bus ]]><p style="font-size: 12.7272720336914px;"><span style="font-size: 12.7272720336914px;">This one was so good, we&#39;re making it public! &nbsp;</span></p> <p style="font-size: 12.7272720336914px;">In this week&#39;s&nbsp;<em>Off the Cuff&nbsp;</em>podcast, Chris and Mish&nbsp;Shedlock&nbsp;discuss:</p> <ul style="font-size: 12.7272720336914px;"> <li style="line-height: 19.5px;">The expected but shocking Japanese central bank decision</li> <li style="line-height: 19.5px;">Increasing central bank desperation</li> <li style="line-height: 19.5px;">How central banks&nbsp;transfer wealth from the masses to the few</li> <li style="line-height: 19.5px;">The impact on gold and silver prices</li> </ul> <p style="font-size: 12.7272720336914px;"><strong>Summary:</strong>&nbsp;&nbsp;In this podcast Chris and Mish let their guard down and say a few choice words about the actions of central banks that obviously and seriously harm average people all in&nbsp;the service of assuring that banks and governments can continue to operate as they have in the past.</p> <p><a href="" target="_blank">read more</a></p> Blog Bank of Japan Japan Markets Mish Shedlock Off The Cuff Fri, 31 Oct 2014 19:09:23 +0000 Adam Taggart 88532 at About that Shale Oil 'Miracle'… ]]><p>It&#39;s been said that humans are rational<u><em>izing</em></u>&nbsp;--&nbsp;not &#39;rational&#39; -- animals. The deep truth in that statement is that we humans have strongly-held beliefs that color the information we take in an accept. We&#39;re often guilty of recognizing only the data that supports those beliefs while rejecting the rest.</p> <p>For example, today most people place a great deal of faith in the potential for technology to fix whatever predicaments society may face in the future. And they support that view with cherry-picked data, while conveniently overlooking evidence suggesting technology is instead a sword with&nbsp;<em>two</em>&nbsp;edges.</p> <p><a href="" target="_blank">read more</a></p> Blog energy oil oil price petroleum propaganda shale shale oil Wall Street Journal WSJ Tue, 28 Oct 2014 12:16:27 +0000 cmartenson 88437 at NASA: Revisiting Our Vulnerabiity To Solar Flares ]]><p>Dr&nbsp;Guhathakurta&nbsp;returns to the podcast this week to discuss a large-scale solar flare that nearly hit Earth back in July of 2012 (a direct hit missed us by about 1 week), as well as to discuss the strengths and weaknesses of the warning system we have in place to alert us to such dangers, and the continuing vulnerability our system have to such an event.</p> <p><a href="" target="_blank">read more</a></p> Podcast CME coronal mass ejections Dr. Lika Guhathakurta EMP NASA solar flare Sat, 25 Oct 2014 22:10:54 +0000 Adam Taggart 88055 at Energy Economics - Crash Course Chapter 19 ]]><p>The central point to this latest video is this: as we&rsquo;ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but&nbsp;<em>exponential</em>&nbsp;growth.</p> <p>But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I&rsquo;m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on.</p> <p><a href="" target="_blank">read more</a></p> Blog economics energy energy cliff EROEI ethanol nuclear energy oil peak oil population shale oil solar tar sands wind energy Fri, 24 Oct 2014 23:45:38 +0000 Adam Taggart 88380 at 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