Peak Prosperity News Feed en Mike Maloney: This Is The Peak ]]><p>Precious metals dealer and monetary historian&nbsp;<a href="" target="_blank">Mike Maloney</a>&nbsp;is quite confident the liquidity-driven &#39;recovery&#39; created by the world&#39;s central banks is now over. In his estimation, the path ahead is one of accelerating descent into inevitable currency destruction.</p> <p><a href="" target="_blank">read more</a></p> Podcast BOJ bubbles central banks currency ECB Fed Federal Reserve gold hyperinflation inflation Japan market crash market crisis Mike Maloney money silver Sun, 28 Aug 2016 19:09:25 +0000 Adam Taggart 101093 at Off The Cuff: There Is No 'Market' Anymore, Only Manipulation ]]><p>In this week&#39;s Off The Cuff podcast, Chris and John&nbsp;Rubino&nbsp;discuss:</p> <ul> <li style="line-height: 19.5px;">There Is No &#39;Market&#39; Anymore <ul> <li style="line-height: 19.5px;">Prices are fully manipulated these days</li> </ul> </li> <li style="line-height: 19.5px;">Missing Alpha <ul> <li style="line-height: 19.5px;">Since it&#39;s only liquidity that matters, portfolio managers are feeling the pressure</li> </ul> </li> <li style="line-height: 19.5px;">Malinvestment <ul> <li style="line-height: 19.5px;">What you get with too much cheap money</li> </ul> </li> <li style="line-height: 19.5px;">The Feds Facebook Fiasco <ul> <li style="line-height: 19.5px;">The public is waking up to the ills of central banking</li> </ul> </li> </ul> <p style="line-height: 19.5px;line-height: 19.5px;"><a href="" target="_blank">Click to listen to a sample of this Off the Cuff Podcast</a> or <a href="" target="_blank">Enroll</a> today to access the full audio and other premium content today.</p> <p><a href="" target="_blank">read more</a></p> Insider Fed John Rubino Manipulation Off The Cuff Sat, 27 Aug 2016 22:19:12 +0000 Adam Taggart 101022 at Alice Friedemann: When The Trucks Stop Running ]]><p>Alice&nbsp;Friedemann&nbsp;is a transportation expert sounding the alarm on the unsustainable nature of our modern trucking system, which is critical for delivering goods where they need to be, when they need to be, in our just-in-time economy.</p> <p>The world&#39;s trucking fleet is remarkably dependent on petroleum and, for a number of reasons she outlines in this interview, is not feasibly able to shift over to electricity or other alternative fuels.</p> <p><a href="" target="_blank">read more</a></p> Podcast Alice Friedemann biofuel energy grid oil Peak peak oil transportation trucking trucks When The Trucks Stop Running Sun, 21 Aug 2016 15:59:44 +0000 Adam Taggart 100873 at The Marginal Buyer Holds The Pin That Pops Every Asset Bubble ]]><p>Those of you who took an Economics class in college may remember the saying that prices are set &quot;at the margin&quot;. That&#39;s a fancy way to say that prices are set by the person (or people) willing to pay the most.</p> <p>This person willing to pay top dollar is called the &quot;marginal buyer&quot;. Most of us don&#39;t really think about him, but he (or she) is very, very important.</p> <p>Why? Because the marginal buyer not only determines price levels, but also their stability and degree of volatility. The behavior of the marginal buyer, as well as the degree of competition for his/her &quot;top dog&quot; spot, sets the prices of nearly every asset class held by today&#39;s investors.</p> <p><a href="" target="_blank">read more</a></p> Blog Bank of Japan bubble capital controls central banks China competition economics economy hedging home prices housing bubble housing crash housing market Issac Newton marginal buyer Palo Alto Picasso prices real estate S&P 500 Silicon Valley South Sea Bubble stocks vancouver volatility Fri, 19 Aug 2016 06:01:34 +0000 Adam Taggart 100798 at James Howard Kunstler: Racketeering Is Ruining Us ]]><p>If you don&#39;t understand what&#39;s causing a particular problem, then it&#39;s pretty difficult to come up with an effective solution.</p> <p>Author, commentator and longtime friend-of-the-site James Howard&nbsp;Kunstler&nbsp;returns to our podcast this week to discuss the importance of accurate diagnosis -- in this case, of the scourge he sees as accelerating America&#39;s downslide into economic and social decline:&nbsp;<strong>Racketeering.</strong></p> <p><a href="" target="_blank">read more</a></p> Podcast Barack Obama Donald Trump election hillary clinton James Howard Kunstler oil podcast racketeering Tue, 16 Aug 2016 01:33:54 +0000 Adam Taggart 100707 at Daron Acemoglu: Why Nations Fail ]]><p>Why do some nations rise while others wither? Why have some of the world&#39;s largest empires eventually crumbled? What are the &#39;best practices&#39; that a modern nation should follow if it desires sustainable prosperity for its citizenry?</p> <p>To answer these questions, we welcome MIT professor Doran&nbsp;Acemoglu&nbsp;and co-author of the book&nbsp;<a href=";tag=peakprosp-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B0058Z4NR8&amp;linkId=979d7e9d6d917e91f5ab19af822c1fff" target="_blank">Why Nations Fail.</a>&nbsp;His observations? Yes, national prosperity has some correlation to the resources available to the State, but importantly, it&#39;s determined by how those resources are put to productive -- and fair -- use.</p> <p><a href="" target="_blank">read more</a></p> Podcast Collapse Daron Acemoglu empire GDP James A. Robinson MIT podcast politics Resources Why Nations Fail Sun, 07 Aug 2016 16:17:19 +0000 Adam Taggart 100424 at Michael Shermer: The Importance Of Skepticism ]]><p>As humans, the way we process and react to information is influenced by both the biology of our brains as well as our social and cultural norms. We&#39;ve talked many times here at about the influence -- conscious and&nbsp;subconsious&nbsp;-- that our beliefs exert on our actions. Our&nbsp;<a href=";uid=&amp;created=" target="_blank">past podcasts on behavioral economics</a>&nbsp;have delved into this in detail.</p> <p>But just because we believe something, that doesn&#39;t make it true. Which is why the scientific process is so important: when followed without bias, it enables us to understand reality as it truly is. And such accurate understanding of the facts allows us to make more useful decisions.</p> <p>In this week&#39;s podcast, Chris speaks with Michael&nbsp;Shermer, monthly columnist for&nbsp;<em>Scientific American</em>&nbsp;and founding publisher of&nbsp;<em>Skeptic</em>&nbsp;magazine, about the importance of cultivating a questioning mindset.</p> <p><a href="" target="_blank">read more</a></p> Podcast Climate Change Darwin Darwinism global warming Michael Shermer science Scientific American scientific method skeptic Wed, 03 Aug 2016 18:34:46 +0000 Adam Taggart 100238 at The Burrito Index: Consumer Prices Have Soared 160% Since 2001 ]]><p>In our household, we measure inflation with the &quot;Burrito Index&quot;:&nbsp;<em>How much has the cost of a regular burrito at our favorite taco truck gone up?</em></p> <p>Since we keep detailed records of expenses (a necessity if you&rsquo;re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in 2010 to $6.50 in 2016.</p> <p>That&rsquo;s a $160% increase since 2001; 15 years in which the official inflation rate reports that what $1 bought in 2001 can supposedly be bought with $1.35 today.</p> <p><a href="" target="_blank">read more</a></p> Blog burrito Charels Hugh Smith college consumer prices Education Food healthcare inflation Tuition Fri, 29 Jul 2016 19:31:48 +0000 charleshughsmith 99392 at Dave Pare: Gold Is Looking Strong ]]><p>This week,;s own precious metals analyst, Dave Pare, sits down to the microphone.</p> <p>Better known on the site as&nbsp;davefairtex, he joins Chris to discuss his current outlook for gold and silver, his approach to building market models, and how he balances fundamentals versus technical analysis in assembling his macro views.</p> <p><a href="" target="_blank">read more</a></p> Podcast Dave Pare davefairtex gold peak oil podcast precious metals silver Mon, 25 Jul 2016 01:51:14 +0000 Adam Taggart 99935 at Making The Wrong Choices For The Wrong Reasons ]]><p>Life is full of examples where folks make bad choices for noble reasons. Not every decision is a winner: sometimes you make the right call, sometimes you don&#39;t.</p> <ul> <li style="line-height: 19.5px;">In 1962,&nbsp;Decca&nbsp;Records passed on signing a young new band because it thought that guitar-based groups were falling out of favor. That band was The Beatles.</li> <li style="line-height: 19.5px;">Napolean Bonaparte calculated he could conquer Russia by assembling one of the largest invading forces the world has ever seen. He marched towards Moscow in the summer of 1812 with over 650,000 troops. Less than six months later, he retreated in failure, his forces decimated down to a mere 27,000 effective soldiers.</li> <li style="line-height: 19.5px;">1985 217 separate investors turned down an entrepreneur trying to raise the relatively modest sum of $1.6 million for his vision of transforming a daily routine shared by millions around the world. That company? Starbucks. &nbsp;</li> </ul> <p>In these cases, those making the decision made what they felt was the best choice given the information available to them at the time. That&#39;s completely understandable and defensible. Fate is fickle, and no one is 100% right 100% of the time.</p> <p>But what&#39;s much harder to condone -- and this is the focus of this article -- is when people embrace the wrong decision even when they have ample evidence and comprehension that doing so runs counter to their welfare.</p> <p><a href="" target="_blank">read more</a></p> Blog basketball behavioral economics central banks Dan Ariely Golden State Warriors Ludwig von Mises Napolean Bonaparte Rick Barry the Beatles Wilt Chamberlain Sat, 23 Jul 2016 00:54:42 +0000 Adam Taggart 99965 at