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Has “It” Finally Arrived?

Is this week's 6% market drop the start of the Big One?
Friday, October 12, 2018, 5:54 PM

With the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?

It’s hard to say for certain. But the systemic cracks we've been closely monitoring definitely got an awful lot wider this week. » Read more

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Think You're Prepared For The Next Crisis? Think Again.

Even the best-laid preparations have failure points
Friday, October 5, 2018, 5:43 PM

So how ready are you, really, if we're indeed headed into another 2008-style market crash?

One in which the major stock market indexes could drop 50% or more in a matter of just a few weeks? Where housing prices could drop by 30-40% (or more) and home buyers go on strike? Where bond prices relentlessly drop as interest rates march higher, freed from a decade-long supression at historic lows? Where mass layoffs return, and hundreds of thousands of workers lose their jobs each month?

Things could get ugly. Really, really ugly.  » Read more

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Our Delusional Economy Is Poised To Slam Into The Brick Wall Of Reality

Will you thrive, merely survive, or fail?
Friday, September 28, 2018, 10:18 PM

In the ten years I've personally been banging on the drums of logic and reason, I can honestly say that our society has made virtually no progress towards developing a credible action plan for weaning the global economy off of fossil fuel.  Humanity seems fully committed to its current trajectory: the cheap and easy path. At least, until something forces our hand.

The outcome of our current "cheap, fast and easy" trajectory is the same as a car hurtling towards a brick wall at a very high rate of speed. It will come to a predictable, sudden, and painful end: » Read more

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What Comes Next

Previews of the coming reckoning
Friday, September 21, 2018, 5:55 PM

All things have a beginning, a middle and and end.

And now, more than 3,480 days into the current bull market, the longest in history, we can say with high condifence we are very close to its end.

Why?

For manifold reasons that are multiplying fast. So many, in fact, that each of the key speakers at the recent Peak Prosperity/Contra Corner Summit in New York City had difficulty finding enough time to enumerate them all during the six-hour event. » Read more

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Bad Money

Our debt-based fiat money system poses an existential threat
Friday, September 14, 2018, 5:51 PM

We’re all going to have to be a lot more resilient in the future.  The long emergency, as Jim Kunstler put it, is now upon us.  It comes from every direction, and the trick is going to be remaining alert, oriented and positive.

If ever there was a wake-up call from the natural world it was this year’s weather events combined with the storms from last year.  » Read more

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The End Of Cheap Debt: The Fall & Rise Of Interest Rates

Perhaps the greatest single trend impacting the next decade
Friday, September 7, 2018, 5:54 PM

Total debt (public + private) in America is currently at a staggering $67 trillion.

That number has been rising fast over the past 47 years, following the US dollar's transformation into a fully-fiat currency in August of 1971.

Perhaps this wouldn't be such a big concern were America's income, measured by GDP, we're growing at a similar rate. But it's not. » Read more

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What Is A Peak Prosperity Summit Like?

Our next one, in NYC, is less than 2 weeks away
Tuesday, September 4, 2018, 2:16 PM

Our next Summit takes place in New York City on Sunday, September 16th 2018. That's less than 2 weeks away at this point.

If you've been meaning to register but simply haven't yet, now's the time. » Read more

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The Whole System Is Rigged

From elections to media to the markets, it's all controlled
Friday, August 31, 2018, 6:57 PM

Crop failures have hit hard across Europe. Australia is under an intense drought. Warm water representing ‘archived heat’ has penetrated deep into the arctic.  Coral reefs are dying through mass bleachings. The stocks of ocean fisheries are in deep trouble. Insect and bird populations remain in a state of collapse.

It couldn't be any more clear that our society's demands for ever-more "growth" are taking an increasingly dangerous toll. "Growth" is now the enemy of life on the planet; yet there are precious few leaders willing to admit as much. 

What we need is less pressure on vital ecological systems and precious remaining resources. But good luck finding a politician willing to admit that. » Read more

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Knowledge Capital Excursion: Defensive Training

If you own a firearm, do you know how to use it safely?
Monday, August 27, 2018, 5:01 PM

A month ago, we asked the Peak Prosperity audience if it had any interest in meeting up with Chris and me in the real world to learn and hone resiliency skills. The response from PP users was overwhelmingly supportive of this idea (over 80% rated it either a 4 or 5 out of 5).

An opportunity has come along that we think is a good candidate for our first event in this series. And there are only a few spots left for it at this point. » Read more

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What If There Isn't Enough Energy Going Forward?

We'll be forced to live with less. Maybe a LOT less.
Friday, August 24, 2018, 6:09 PM

Currently the media is breathlessly cheering the record amounts of US oil production.

Technology advances in the fracking process have enabled the "shale miracle", resulting in the US producing over 10 million barrels per day for the first time since the 1970s. Think of all the incremental GDP growth that excess oil will power! » Read more