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The Mother Of All Financial Bubbles

Will be unimaginably destructive when it bursts
Thursday, February 23, 2017, 10:45 PM

The main lesson from Oroville -- or Fukushima, or Katrina --  is that governments do a poor job of relating accurate information to their citizens when big threats are involved. Part of that is likely due to a desire to avoid stoking fear. Part probably due to politics and bureaucracy. And part probably due to plain old incompetence.

Regardless of the cause, it means that the public -- even the vigilant ones -- suffer information deficits when it matters most. Simply put, the authorities do not share all the facts necessary for making informed decisions.

Which brings us to one of the truly great risks we're facing today. One with much more destructive potential than a single failed dam but, like Oroville, one the authorities are desperate to keep us in the dark about. » Read more

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It’s Bubble Time!

Wisdom & discipline will separate winners from victims
Thursday, February 23, 2017, 4:50 PM

It's impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction, but my personal bet is “a lot!”

For my reasons why, take a few minutes to watch the chapter on bubbles below from The Crash Course. For those who haven't seen it before, the takeaway is this: bubbles pop only when greed in the market has been exhausted. » Read more

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Rowe Conference Center

The Peak Prosperity Annual Weekend Seminar: Apr 6-9

2017 may be our last year to prepare before crisis
Wednesday, February 15, 2017, 9:40 PM

Humanity is entering an era it has never lived through before: accelerating global change up the steepening portion of the exponential curve. This is the part in the story when events speed up dramatically. And actions matter -- a lot.

Can anyone do anything about this? Wait, let me be more specific: Can you do anything about this?

Yes!  » Read more

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Oroville Dam Threatens To Collapse

Short-term thinking has put lives at risk
Monday, February 13, 2017, 7:51 AM

This is a running commentary on the rapidly developing Oroville dam situation. Because the story developed so rapidly, there wasn’t time to write a complete report.

I’ll have a tidy summary at some point, but first we have to scour and assemble the information. » Read more

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The Coming Class Wars

The forces dividing us are overwhelming those that unite us
Friday, February 10, 2017, 8:15 PM

Income and wealth inequality are rising sharply, and capital is pulling far ahead of labor, which is creating a vast and quickly-widening divide between the social classes.

Specifically, the shrinking resource pie—of cheap energy, of cheap debt, of labors’ share of the economy, of the low-hanging fruit of globalization—is all but ensuring the future will be defined by escalating and fractious rancor among the rich, working class and poor.  » Read more

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adirondackalmanack.com

A Murderous Complacency

Dark omens are circling everywhere in today's markets
Friday, February 3, 2017, 4:38 PM

Running PeakProsperity.com requires me to read and process a lot of data on a daily basis. As it's hard to digest it all in real-time, I keep a running list of charts, tables and articles that catch my attention, to return to when I have the time to give them my full attention.

Lately, that list has been getting quite long. And it's largely full of indicators that concern me, signals that the long era of "extend and pretend" in today's markets may finally be at its terminus.

Like crows circling overhead, everyday brings with it new worrisome statistics that portend an ill change ahead. Indeed, these signs are increasing so quickly now that it's hard not to feel like Tippi Hedren in Hitchcock's classic The Birds. » Read more

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When The Rich Become Preppers, It's Time To Worry

The social stigma to prepping is fast disappearing
Friday, January 27, 2017, 8:13 PM

For over 10 years now, we've been openly advocating that folks take action to become more prepared should crisis arrive. And for a long time, this advice relegated us to being labeled "tin-foil hat doomsday preppers" (and other less-polite monikers). The media just couldn't figure out any other box to put us in.

But now, the concept of taking at least some responsibility for your own future well-being by increasing your self-reliance is finally moving towards the mainstream. » Read more

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Learning From The TV (Imagine That!)

Shows offering lessons in resilience
Wednesday, January 25, 2017, 8:28 PM

Amidst the vast sea of cable-network detritus, every so often there's a show or two that I find worthwhile -- either for entertainment or for learning something.

Recently, there are two shows I'm currently enjoying that deliver on both counts. And very surprisingly, they're "reality TV" -- a genre I usually associate as the worst of the worst when it comes to low-quality programming. But I'm finding I'm learning some useful lessons from these two series, and I thought I'd take a moment to share my observations for those who might want to tune in and see for themselves. » Read more

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Dreamstime

Mad As Hell

Why the public is so pissed off
Friday, January 13, 2017, 10:50 PM

A critical movement is arising at this time in history.

Each of us can assume a role to play in its formation and development, and therefore its eventual success or failure. It's my personal belief that we are past the time where we can avoid major disruption, so each of us must be personally prepared as best we can for upheaval, while also working towards building a new and better narrative to live by.

Do you have the courage to participate? » Read more

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Why The U.S. Dollar And Bitcoin Keep Rising

Understanding utility-driven demand
Friday, January 6, 2017, 10:12 AM

Capital migrates to where it flows with the least resistance, i.e. to forms of capital that are liquid and offer low transaction costs—what I call ease of flow. Capital also migrates to relatively safe havens that are liquid and offer low transaction/holding costs, and to forms of capital with global utility. And it also flows to the highest yield/return with the lowest perceived risk.

Given these fundamentals, it isn’t difficult to understand why capital is flowing into USD-denominated assets and bitcoin.

So what do the fundamentals suggest about the valuation uptrends in the USD and bitcoin? Have they topped out and due for a crash, or have they just started their appreciation cycle? » Read more