As we've been discussing of late here at PeakProsperity.com, humans desperately need a new story to live by. The old one is increasingly dysfunctional and rather obviously headed for either a quite dismal or possibly disastrous future. One of the chief impediments to recognizing the dysfunction of the old story and adopting a new one is the most powerful of all human emotional states: Denial. » Read more
In the past few chapters on Energy Economics, Peak Cheap Oil, and the false promise of Shale Oil, we've gone into great detail to show how our economic growth is deeply dependent on our energy systems.
Understanding the known facts behind this story, as well as each of the stated risks is what The Crash Course is about: assessing those risks and deciding what, if anything, a prudent adult should do about adapting to these realities and facing these risks.
THE reason why growth will be more scarce in the future
by Adam Taggart
Friday, October 24, 2014, 6:45 PM
The central point to this latest video is this: as we’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 exponential growth.
But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I’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. » Read more
What exactly is this process that the world is betting on?
by Adam Taggart
Friday, August 22, 2014, 8:34 PM
At the exponential pace at which the Fed is increasing the money supply, and knowing the huge challenges the Fed – and most other world central banks - face in trying to stop or even slow down their money printing, the potential for a disruptive global inflationary period is very real.
The Federal Reserve and other central planners have worked overtime to lead the world back to "recovery" from the depths of the 2008 financial crisis. Using one of their main signaling indicators, they've succeeded: stock market indices are hovering near all-time highs.
But, as has been often discussed here, are we really better off for it?
Recent survey data from Bloomberg show that 4 out of 5 Americans don't feel any more financially secure as a result of the stock market rescue. 62% believe the country is headed in the wrong direction: » Read more
Our evolutionary programming often works against us
by Adam Taggart
Saturday, February 15, 2014, 12:25 PM
Renown behavioral economist Dan Ariely explain why humans are biologically wired to make irrational decisions when money is involved. It's a case of our evolutionary wiring interfering with the decisions we face in a modern world very different from the one our ancestors adapted to.
In this podcast, Chris and Dan explore the human cognitive triggers that have led us to our third major bubble in 15 years (tech stocks, housing, credit) and why our natural programming often works against our best interests. In certain cases, like the banking sector, bad decision-making has become so ingrained in our institutions that Ariely thinks the "clean slate" approach is our best option should we have the courage to deploy it: » Read more
Partisan politics is something we actively avoid discussing on this site. Instead, we prefer to operate in the domain of provable fact. But that doesn't mean that we have written off the political process entirely. » Read more