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The Great Retirement Con

Frankly put: retirement is now a myth for the majority
Friday, November 17, 2017, 7:25 PM

40 years ago, a grand experiment was embarked upon. One that promised US workers: using new 'defined contribution' retirement savings vehicles such as IRAs and 401k,, they'd be better off when they reached retirement age.

Which raises a simple but very important question: How have things worked out? » Read more

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If The Saudi Arabia Situation Doesn't Worry You, You're Not Paying Attention

A key geopolitical axis is swiftly shifting
Friday, November 10, 2017, 6:57 PM

While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, is likely to be enormous.

A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It’s upending many decades of established strategic relationships among the world's superpowers and, in particular, is throwing the Middle East into turmoil. So much is currently in flux, especially in Saudi Arabia, that nearly anything can happen next. Which is precisely why this volatile situation should command our focused attention at this time. » Read more

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Earn More On Your Cash Savings (With Less Risk)

Explaining the TreasuryDirect program
Friday, November 3, 2017, 8:35 PM

Interested in getting over 16x more interest income on your cash savings? » Read more

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Running Out Of Room

No energy = no goods and services = no economy
Wednesday, November 1, 2017, 7:02 PM

The idea of an 'industrial economy' is an extremely recent human invention. And we’ve staked quite a lot on its continuation.

But it faces a massive predicament: It’s running out of resources.

When talking about the “economy”, we're really referring to the flow of goods and services --- which are themselves entirely dependent on energy. No energy = no goods and services = no economy. It’s really that simple.

So to track where we are in this story, put on your ‘energy goggles’. If you do, you can discover quite a lot. » Read more

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What Could Pop The Everything Bubble?

A crisis that can't be solved by just printing more dollars
Saturday, October 28, 2017, 12:37 AM

The policy of creating trillions in new currency and buying trillions in assets has inflated an 'Everything' Bubble -- a bubble in all the asset classes being supported or purchased by central banks and their proxies.

Many observers wonder: What, if anything, can pop this? » Read more

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Are You Infuriated Yet?

You should be. I certainly am...
Friday, October 20, 2017, 7:27 PM

Both the pension and health care crises are infuriating and self-inflicted wounds.

We could have avoided them by making wiser choices in the past. We didn't. We could limit their damage by making better choices today. We almost assuredly won't.

Anybody who studies the system and its math comes to the same conclusion: the corporations have all the power and they are misusing it for private gain.

An easy prediction to make is that this simmering anger of the populace is going to start boiling over more violently in the coming years. Welcome to the Age of Fury. » Read more

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Too Good For Too Long

Over-extended systems contract quickly & violently
Friday, October 13, 2017, 7:42 PM

Having just lived through the massive fires in northern California -- on top of watching news reports over the previous weeks of similarly abrupt "before/after" transitions in Houston, Florida, Puerto Rico, Mexico City, Las Vegas and Catalonia -- I have a new-found appreciation for the maxim that when it arrives, change happens quickly -- usually much more quickly than folks ever imagined, catching the general public off-guard and unprepared.

We humans tend to think linearly and comparatively. In other words, we usually assume the near future will look a lot like the recent past. And it does much of the time.

But other times it doesn't. And that's where the danger lies. » Read more

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Will You Be Joining Us In New Orleans?

This intimate summit is coming up fast
Thursday, October 12, 2017, 7:49 PM
The upcoming Peak Prosperity Summit in New Orleans is just 2 weeks away. Will you be joining us there?
 
As a reminder, the summit will take place on Friday, Oct 27th 2017 from 10am-4pm. It will be located in a private room at the Hilton New Orleans Riverside, located at 2 Poydras Street, New Orleans, LA 70130.
 
The cost to participate in this private summit is $200 per person. You can make payment via this link.
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Betrayal!

The pervasive & defining crime of our age
Friday, October 6, 2017, 7:35 PM

Let me apologize in advance for what may be an upsetting piece of writing for some of you. If you're in a state of shock or exhaustion from recent events, perhaps you should skip this one.

I don't offer this analysis in order to further distress anyone -- but until you understand what is happening and how that influences your psychological state, you'll remain the emotional equivalent of a rag doll shaken to-and-fro by events.

Such understanding may not bring you to a place of calm acceptance. But it will set you free. » Read more

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Who’s Going To Eat The Losses?

The only question that matters regarding today's markets
Friday, October 6, 2017, 11:47 AM

Younger generations that are being asked (goaded?) to step into an increasingly flawed future begin to resist. Which is completely understandable. They have nothing to gain if the status quo continues.

At the same time, the older generations mostly just settle into a stubborn insistence that everything will be fine if everyone will just do more of precisely what got us into the mess in the first place. Younger people should step up to make sure Medicare/Social Security/pensions remain fully funded, and buy the financial assets and homes of downsizing seniors at top dollar. The boomers have everything to lose if the status quo changes.

What happens when a culture’s dominant narratives are not just unsatisfactory, but entirely unworkable?  » Read more