Peak Prosperity News Feed en Jim Rickards: The Coming Crisis is Bigger Than The Fed ]]><p>James&nbsp;Rickards, financier and author of the excellent cautionary best-seller&nbsp;<a href=";camp=1789&amp;creative=9325&amp;creativeASIN=1591845564&amp;linkCode=as2&amp;tag=chrismartenso-20" target="_blank">Currency Wars</a>, has recently released a follow-on book:&nbsp;<a href=";camp=1789&amp;creative=9325&amp;creativeASIN=1591846706&amp;linkCode=as2&amp;tag=chrismartenso-20" target="_blank">The Death of Money: The Coming Collapse of the International Monetary System</a>. In it, Jim details how history provides plenty of precedent for the collapse that has begun amidst the major world currencies.</p> <p>The historical progression is predictable enough that Jim is comfortable claiming that the next economic crisis we face will be bigger than the ability of the Federal Reserve (and the other world central banks) to contain it. And that such a calamity will happen within the next five years:</p> <p><a href="" target="_blank">read more</a></p> Podcast central banks China currency currency wars dollar Federal Open Market Committee Federal Reserve gold IMF Jim Rickards Long Term Capital Management money SDR stock market Sun, 13 Apr 2014 20:03:28 +0000 Adam Taggart 85207 at China's Demand for Gold Has Trapped The West's Central Banks ]]><p>Every once in a while, an Off the Cuff interview is so important that we decide to make it available to the entire public. This is one of those occasions.</p> <p>In this week&#39;s&nbsp;<em>Off the Cuff&nbsp;</em>podcast, Chris and&nbsp;Alasdair&nbsp;Macleod build on the insights laid out in Chris&#39; recent mega-report last week on gold:&nbsp;<a href="" target="_blank">The Screaming Fundamentals for Owning Gold</a>. And specifically, they delve deeply into the poorly-understood topic of why Chinese demand has become such a game changer in recent years.</p> <p><a href="" target="_blank">read more</a></p> Insider Alasdair Macleod banks bullion central banks China Chris Martenson Fed Federal Reserve gold India Off The Cuff Wed, 09 Apr 2014 22:12:39 +0000 Adam Taggart 85192 at Ugo Bardi: The Banquet of Consequences ]]><blockquote> <p>Everybody, soon or late, sits down to a banquet of consequences.</p> <p><em>~ Robert Louis Stevenson</em></p> </blockquote> <p>&quot;Growth is the problem; not the solution&quot; says Ugo Bardi, Professor of Physical Chemistry at Italy&#39;s University of Florence and author of the recent book <a href=";camp=1789&amp;creative=9325&amp;creativeASIN=1603585419&amp;linkCode=as2&amp;tag=chrismartenso-20" target="_blank">Extracted: How the Quest for Mineral Wealth is Plundering the Planet</a>.</p> <p>In this week&#39;s podcast, Professor Bardi and Chris discuss resource depletion and its growing impact on geopolitical events and the world economy.</p> <p><a href="" target="_blank">read more</a></p> Podcast commodities economy energy Extracted fossil fuels Limits to Growth Minerals oil Peak Resouces resource depletion Ugo Bardi William Stanley Jevons Sat, 05 Apr 2014 18:15:03 +0000 Adam Taggart 85158 at The Screaming Fundamentals For Owning Gold ]]><blockquote> <p><em>This report lays out the investment thesis for gold. Silver is mentioned only where necessary, as a separate report of equal scope will be forthcoming on that topic. Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it will perform well. Timing and logic for both entering and finally exiting gold as an investment are laid out in the full report.</em></p> <p><em>The punch line is this: Gold (and silver) is not in bubble territory, and its largest gains remain yet to be realized; especially if current monetary, fiscal, and fundamental supply-and-demand trends remain in play.</em></p> </blockquote> <p><a href="" target="_blank">read more</a></p> Blog Alan Greenspan Ben Bernanke bubble bullion central banks China Chris Martenson credit currency crisis debt economy Fed Federal Reserve fiat currency fiscal crisis GDP gold hard assets India money precious metals silver Treasury Bond Fri, 04 Apr 2014 13:44:40 +0000 cmartenson 85064 at Have We Reached Peak Wall Street? ]]><p>Though the mainstream financial media and the blogosphere differ radically on their forecasts&mdash;the&nbsp;MFM&nbsp;sees near-zero systemic risk while the alternative media sees a critical confluence of it&mdash;they agree on one thing: the Federal Reserve and the &ldquo;too big to fail&rdquo; (TBTF) Wall Street banks have their hands on the political and financial tiller of the nation, and nothing will dislodge their dominance.</p> <p>But what id Wall Street&rsquo;s power has peaked and is about to be challenged by forces that it has never faced before? Put another way,what if the power of Wall Street has reached a systemic extreme where a decline or reversal is inevitable?</p> <p><a href="" target="_blank">read more</a></p> Blog banks Charles Hugh Smith Deep State Fed Federal Reserve GDP interest rates money mortgages Policy profits reserve currency TBTF Too Big Too Fail Treasury bonds Wall Street Mon, 31 Mar 2014 23:14:55 +0000 charleshughsmith 85004 at Jean-Martin Fortier: A Model for Profitable Micro-Farming ]]><p>As we awake to the realities in store for us in a future defined by declining net energy, concerns about food security, adequate nutrition, community resilience, and reliable income commonly arise.</p> <p>Small-scale farming usually quickly surfaces as a pursuit that could help address all of these. Yet most dismiss the idea of becoming farmers themselves; mainly because of lack of prior experience, coupled with lack of capital. It simply feels too risky.</p> <p>Enter Jean-Martin&nbsp;Fortier&nbsp;and his wife, Maude-H&eacute;l&egrave;ne. They are a&nbsp;thirtysomething&nbsp;couple who have been farming successfully for the past decade. In fact, they&#39;ve been&nbsp;<em>micro</em>-farming: their entire growing operations happen on just an acre and half of land.</p> <p><a href="" target="_blank">read more</a></p> Podcast bio-intensive CSA farm Farming Garden Gardening Jean-Martin Fortier micro-farming Organic The Market Gardener Sat, 29 Mar 2014 14:19:14 +0000 Adam Taggart 85050 at Weather Is 1,557% More Harmful Than Helpful To Corporate Profits ]]><p>It&#39;s just another day in the spin factory so let&#39;s have some fun with it.</p> <p>Lately &#39;bad weather&#39; was cited as the reason that Walmart and FedEx earnings were disappointing.&nbsp; If it isn&#39;t &#39;one-time&#39; charges that happen every quarter being removed from reported results, it&#39;s the weather being blamed for somehow hurting operations.</p> <p><a href="" target="_blank">read more</a></p> Blog FedEx Google Media oil profit spin WalMart Weather Thu, 27 Mar 2014 00:55:29 +0000 cmartenson 85029 at Peak Cheap Oil Rears Its Head ]]><p>This is a critical update on the Peak Cheap Oil front.&nbsp;</p> <p>Yes, I am talking about that tired old concept that was allegedly slain by American drilling ingenuity. It&#39;s back in the news...&nbsp;<em>if</em>&nbsp;you know where to look.</p> <p>I remain steadfastly interested in the oil outlook because everything, and I do mean&nbsp;<em>everything</em>, in our exponential monetary and associated economic system is hinged upon there being more cheap oil next year than last.</p> <p><a href="" target="_blank">read more</a></p> Insider bonds earnings economy energy GDP growth money OECD peak oil petroleum stocks Tue, 25 Mar 2014 00:31:18 +0000 cmartenson 85023 at Michael Shuman: The Benefits of Deploying Investment Capital Locally Vs Wall Street ]]><p>The Federal Reserve and other central planners have worked overtime to lead the world back to &quot;recovery&quot; from the depths of the 2008 financial crisis. Using one of their main signaling&nbsp;indicators, they&#39;ve succeeded: stock market indices are hovering near all-time highs.</p> <p>But, as has been often discussed here, are we really better off for it?</p> <p>Recent&nbsp;<a href="" target="_blank">survey data from Bloomberg&nbsp;</a>show that 4 out of 5 Americans don&#39;t feel any more financially secure as a result of the stock market rescue. 62% believe the country is headed in the wrong direction:</p> <p><a href="" target="_blank">read more</a></p> Podcast Community economics investing local Michael Shuman money stock market stocks Wall Street Sun, 23 Mar 2014 10:01:35 +0000 Adam Taggart 85007 at Robert Kiyosaki: Entrepreneurship Is Your Shield Against the Coming Wealth Transfer ]]><blockquote> <p>I believe there&#39;s an entrepreneur in everybody.&nbsp;</p> <div>~ Robert Kiyosaki</div> </blockquote> <p>Last weekend, Chris and I traveled to Phoenix, AZ, where we spent several days with Robert Kiyosaki, author of the popular personal finance book <a href=";camp=1789&amp;creative=9325&amp;creativeASIN=0762434279&amp;linkCode=as2&amp;tag=chrismartenso-20" target="_blank">Rich Dad, Poor Dad</a>, which has sold over <a href="" target="_blank">26 million copies</a> to-date.</p> <p>Robert had read <a href=";tag=chrismartenso-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=047092764X" target="_blank">The Crash Course</a>, and it resonated so strongly with him that he purchased copies for his staff and made it the theme of his company&#39;s leadership conference this spring. Together with his wife, Kim, and his council of Rich Dad advisors, we spent many hours discussing the future implications of the Three E&#39;s with business leaders from across Robert&#39;s global organization.</p> <p><a href="" target="_blank">read more</a></p> Podcast entrepreneurship investing Poor Dad Rich Dad Robert Kiyosaki wealth Sun, 16 Mar 2014 16:11:33 +0000 Adam Taggart 84971 at