wealth gap


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Charles Hugh Smith: Fixing The Way We Work

Closing the wealth gap with meaningful work
Sunday, November 15, 2015, 1:34 PM

Charles Hugh Smith returns to the podcast this week to discuss the theme of his new book A Radically Beneficial World: Automation, Technology and Creating Jobs for All.

Automation and artificial intelligence are changing the landscape of work. Tens of millions of jobs are on track to be eliminated over the next decade or so by these advancing technological innovations in the US alone.

The way in which our current economy is constructed, the fruits of those cost savings are likely to go into a very small number of private pockets, while the millions of displaced workers will find themselves with no income and no work to do. It's a huge looming problem that is not being address in national dialog right now.

But there's opportunity to course-correct here. To use our new technologies to increase total productivity in a way that empowers rather than diminishes the individual worker. » Read more


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We Live In An Era Of Dangerous Imbalances

And history shows they correct painfully
Friday, February 13, 2015, 8:19 PM

The intervention by the world's central banks has resulted in today's bizarro financial markets, where "bad news is good" because it may lead to more (sorry, moar) thin-air stimulus to goose asset prices even higher.

The result is a world addicted to debt and the phony stimulus now essential to sustaining it. In the process, a tremendous wealth gap has been created, one still expanding at an exponential rate. » Read more


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John Rubino: Taking Control Of The Time In Which We Live

And it will be what we make of it. So get participating.
Sunday, July 13, 2014, 9:09 AM

In what is quite possibly my favorite podcast so far this year, Chris speaks with John Rubino -- founder of DollarCollapse.com and recent author of The Money Bubble -- about the times in which we live. » Read more


This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 12)

If you don't want to wait, you can:


Off the Cuff: Ben Bernanke's Departing Taper "Lite" Surprise

Markets loved the news
Wednesday, December 18, 2013, 11:43 PM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • The Fed's Taper "Lite" Surprise
    • $10 billion less per month going forward
  • Social Instability Due to Growing Wealth Gap
    • The pitchforks are being sharpened
  • Un-representative Democracy
    • Our leaders no longer work in our interests
  • Beating Cancer
    • Mish' happy health news


Off the Cuff: Look Locally for Reasons to Hope

That's where productive change is happening
Thursday, November 28, 2013, 2:22 PM

In this week's Off the Cuff podcast, Chris and Gregor discuss:

  • Unjust Wealth Inequality
    • Growing by money printing vs productive output
  • The Evils of Reflationary Policy
    • Stealing from the many to reward the few
  • Our Low-Growth Future
    • Less to go around
  • Local Solutions
    • Where hope lies

Reality-Check Time

How prepared are you for the future (really)?
Friday, May 24, 2013, 10:28 AM

Let's take a quick break from detailed analysis for a moment and zoom up to the birds-eye view.

What motivates us to spend time here at PeakProsperity.com? » Read more


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Our nation has a historic, never-before-seen level of debt and a historic failure to save. Along with debt and savings, one also has to consider assets. After all, does it really matter if you have no savings and a million dollars of debt, if you have assets worth 10 million?

An asset is an item of ownership that is convertible into cash. Assets comprise the total resources of a person or business, including such things as cash, notes, accounts receivable, securities, inventories, goodwill, fixtures, machinery, and/or real estate.

Debts are fixed, while assets are variable. When you take on a debt, there it placidly sits, growing larger until you make payments on it. Assets, on the other hand, are variable, sometimes gaining and sometimes losing value.