Peak Prosperity News Feed en We Ignore Unintended Consequences At Our Peril ]]><p>Early in my business career I was faced with a challenge that gave me an appreciation for a very important lesson about life and business. That oftentimes, even with the best of intentions, our actions create consequences completely different from what we intend.</p> <p>It&#39;s that insight that makes me so concerned about the grand central banking experiment being conducted around the globe right now.</p> <p>The complexity of the system, the questionable abilities of the decision-makers, and the universe&#39;s proclivity towards unintended consequences all combine to give great confidence that things will NOT play out in the way the Fed and its brethren are counting on.</p> <p><a href="" target="_blank">read more</a></p> Blog adverse selection unintended consequences VISA Yahoo! Fri, 30 Jan 2015 23:27:40 +0000 Adam Taggart 91658 at Axel Merk: Why Asset Prices Must Return To Lower Levels ]]><p>Saying it&#39;s been a busy week and half on the central bank front is perhaps a sizeable understatement.&nbsp;</p> <p>First, the Swiss National Bank stunned the world (and its brethren central banks) by removing its peg to the Euro. This was quickly followed by Mario&nbsp;Draghi&nbsp;finally making good on his longtime threat of firing QE bazooka, announcing that the&nbsp;ECB&nbsp;will pursue a 60 billion Euro per month easing program for the next 16 months. And amidst all the smoke, the Canadian central bank snuck in a surprise rate cut to its interest rate.</p> <p>To make sense of both the &quot;Why?&quot; behind these extreme moves, as well as the &quot;What?&quot; in terms of their implications, Axel&nbsp;Merk, founder and Chief Investment Officer of&nbsp;Merk&nbsp;Funds joins us this week.</p> <p><a href="" target="_blank">read more</a></p> Podcast Axel Merk central banks currencies ECB Federal Reserve Mario Draghi risk SNB Swiss National Bank volatility Sat, 24 Jan 2015 20:59:03 +0000 Adam Taggart 91582 at When This Ends, Everybody Gets Hurt ]]><p>Central bank credibility (as fictitious as that may be)&nbsp;is essential to maintaining the current narrative, BUT central banks are rapidly losing their credibility (which should have happened simply via deductive reasoning a long time ago) and the strains are showing.</p> <p>Their actions are increasingly wild and extreme, and it&#39;s our view that 2015- 2016 will mark the end of this long run of overly-ambitious central bankers and over-complacent markets.</p> <p><a href="" target="_blank">read more</a></p> Blog central banks China Chris Martenson coal economic growth economy endless growth energy GDP growth inflation limits Rule of 72 Thu, 22 Jan 2015 03:45:38 +0000 cmartenson 91558 at A Quick Sanity Check ]]><p>Sometimes it pays to step way back and look at things from a high level.</p> <p>In response to the 2008 crisis, the world&#39;s major central banks pumped an unprecedented amount of monetary stimulus into the system -- all in the name of kick starting enough economic growth to pull the planet out of its fundamental sinkhole of <em>Too Much Debt.</em></p> <p>More than six years and over $4 trillion later, what exactly can we say it did for us?</p> <p>Not enough, as the following short video summarizes.</p> <p><a href="" target="_blank">read more</a></p> Blog Bank of England Bank of Japan central banks economy European Central Bank Federal Reserve GDP growth real estate sanity check stocks unemployment rate Mon, 19 Jan 2015 05:06:42 +0000 Adam Taggart 91538 at Gail Tverberg: This Is The Beginning Of The End For Oil Production ]]><p>With the recent collapse in the price of oil, Gail&nbsp;Tverberg, returns to discuss the likely impact on the US shale oil industry, as well as the global market for oil.&nbsp;</p> <p>While as an actuary, Gail is one to avoid hyperbole and the let the numbers speak, her analysis of the outlook for future oil production is nothing short of dire.</p> <p><a href="" target="_blank">read more</a></p> Podcast derivatives energy Featured Voices Gail Tverberg oil peak oil shale Sat, 17 Jan 2015 17:28:12 +0000 Adam Taggart 91503 at Why Our Central Planners Are Breeding Failure ]]><p>As counter-intuitive as it may sound, success rather reliably leads to failure and destabilization.</p> <p>In the macro-economic arena, I think it highly likely that the monetary and fiscal policies of the past six years that are conventionally viewed as successful will lead to spectacular political and financial failures in 2015 and 2016.</p> <p><a href="" target="_blank">read more</a></p> Blog 2015 Bank of England Bank of Japan central banks Charles Hugh Smith China European Central Bank failure Federal Reserve monetary policy money recovery success Survivorship Bias Thu, 15 Jan 2015 15:50:36 +0000 charleshughsmith 91184 at John Arden: The Science Behind Emotional Resilience ]]><p>No matter how large your bank account or how well-stocked your homestead, no one can be completely prepared for every potential eventuality. And nothing ever goes 100% according to plan. In the times where it doesn&#39;t, it&#39;s our emotional fortitude that determines how well we fare.</p> <p>As we often observe: it&#39;s not the specific insult that determines our fate. It&#39;s our reaction to it.</p> <p>So how does one go about cultivating a higher degree of emotional resilience?&nbsp;</p> <p><a href="" target="_blank">read more</a></p> Podcast brain Diet emotional resilience John Arden sleep stress therapy Mon, 12 Jan 2015 01:25:02 +0000 Adam Taggart 91117 at What Should I Do? - Crash Course Chapter 26 ]]><p>If there&rsquo;s one message to take away from this newly-updated&nbsp;<a href="" target="_blank">Crash Course video series</a>, it&rsquo;s this:&nbsp;&nbsp;<em>It&rsquo;s time for you to become more resilient and more engaged.&nbsp;</em>Things are changing quickly and&nbsp;<strong>nobody</strong>&nbsp;knows how much time we have before the next economic, ecological or energy related crisis erupts.&nbsp; Nobody knows&nbsp;<em>when</em>, but we do have a pretty good idea of&nbsp;<em>what</em>&nbsp;is coming.</p> <p>And it is within your control to enter the coming future with a higher degree of security, prosperity and fulfillment than you enjoy now.</p> <p><a href="" target="_blank">read more</a></p> Blog Adam Taggart Chris Martenson Community Crash Course economy emergency preparedness energy energy efficiency environment Exponential Growth Food Gardening gold health local money oil prepping resilience silver time what should I do? Sat, 10 Jan 2015 15:43:50 +0000 Adam Taggart 91176 at Keep Your Eyes On The Prize ]]><p>At the essential center of the framework of the Crash Course is the almost insultingly simple idea that endless growth on a finite planet is an impossibility.</p> <p>It is so simple it could be worked out by a clever 4 year-old and yet it must&nbsp;<em>not</em>&nbsp;be so simple because the main narrative of every economy in every corner of the globe rests on the idea of endless, infinite growth.</p> <p><a href="" target="_blank">read more</a></p> Blog Chris Martenson coal energy energy cliff growth IEA LENR oil peak oil Wed, 31 Dec 2014 19:21:01 +0000 cmartenson 90662 at Doug Parker: The Status Of The Drought In The U.S. West ]]><p>2014 saw the extension of a historic drought across the US West. Croplands withered or were fully abandoned. Water rationing was enforced. Well tables dropped. The price of many vegetables and meats have skyrocketed.</p> <p>So is an end to the drought in sight?</p> <p><a href="" target="_blank">read more</a></p> Podcast Agriculture aquifer California Conservation Doug Parker Drought soil water Mon, 29 Dec 2014 22:25:44 +0000 Adam Taggart 90272 at