David Collum: We're Headed for a Showdown

Broken markets and abuse of law have consequences
Saturday, December 29, 2012, 3:49 PM

In the Big Rock Candy Mountains,
The jails are made of tin.
And you can walk right out again,
As soon as you are in.

-- Harry McClintock, Big Rock Candy Mountain (1928)

Fresh from releasing his exhaustive and excellent Year In Review last week, Dave Collum sits down with Chris to discuss the key developments of 2012 in detail. » Read more


Off the Cuff: Looking Back (and Ahead)

Chris' key takeaways for 2012 and beyond
Friday, December 28, 2012, 10:58 AM

In this week's Off the Cuff podcast, I stand in for Mish and ask Chris about:

  • The Fiscal Cliff Fake-Out
    • The "cliff" is actually one of our smaller problems
  • 2012's Legacy
    • Which 2012 development will have the biggest impact to our future?
  • The Peak Prosperity Message
    • And why larger audiences are beginning to awaken to it
  • What's in store for 2013 on PeakProsperity.com
    • New videos, contributors, functionality and events

2012 Year in Review

Free markets, rule of law, and other urban legends
Friday, December 21, 2012, 3:34 PM


I was just trying to figure it all out.

~ Michael Burry, hedge fund manager

Every December, I write a Year in Review that has now found a home at Chris Martenson’s website PeakProsperity.com.1,2,3 What started as a simple summary intended for a couple dozen people morphed over time into a much more detailed account that accrued over 25,000 clicks last year.4 'Year in Review' is a bit of a misnomer in that it is both a collage of what happened, plus a smattering of issues that are on my radar right now. As to why people care what an organic chemist thinks about investing, economics, monetary policy, and societal moods I can only offer a few thoughts.

For starters, in 33 years of investing with a decidedly undiversified portfolio, I had only one year in which my total wealth decreased in nominal dollars. For the 13 years beginning 01/01/00—the 13 toughest investing years of the new millennium!—I have been able to compound my personal wealth at an 11% annualized rate. This holds up well against the pros. I am also fairly good at distilling complexity down to simplicity and seem to be a congenital contrarian. I also have been a devout follower of Austrian business cycle theory—i.e., free market economics—since the late 1990s.4

Each review begins with a highly personalized analysis of my efforts to get through another year of investing followed by a more holistic overview of what is now a 33-year quest for a ramen-soup-free retirement. These details may be instructive for those interested in my approach to investing. The bulk of the review, however, describes thoughts and observations—the year’s events told as a narrative. The links are copious, albeit not comprehensive. Some are flagged with enthusiasm. Everything can be found here.5 » Read more


2012 Year in Review (cont'd)

More musings on what mattered this year
Friday, December 21, 2012, 3:29 PM

Personal Debt

I spent all my money on women and wine, and the rest I wasted.

~ George Best, Irish soccer player

Daily Prep

Storm Advisory: Hurricane Sandy Coming

Prepare for this incoming storm
Thursday, October 25, 2012, 1:42 PM

A weather advisory to be aware of for this weekend is Hurricane Sandy.  It is currently affecting Cuba,  Haiti, and the Caribbean and will be approaching the U.S. East Coast over the coming days.  Evaluate your winter storm preparations and supplies and monitor this storm over the next few days. Check your equipment and replenish your supplies now before the storm and beat the last minute rush.  Better to be 3 days early than 1 day late. 

Tropical Weather: Hurricane Sandy (North Atlantic)



Becca Martenson

Join Us at Kripalu Next Weekend

This will be our last weekend seminar in 2012
Friday, June 22, 2012, 5:11 PM

I would like you to join me, Becca, Adam, and other Crash Course-aware individuals for a powerful, calming, transformative, and intimate weekend session at the Kripalu Center June 29-July 1. This is the only remaining seminar on the 2012 calendar, so be sure to register or be prepared to wait until at least 2013 for the next one.

So much is transpiring so rapidly these days (welcome to the steep portion of the exponential curve) that anything and everything we can do to prepare ourselves mentally, financially, physically, and emotionally is the best use of our time.

You should especially come if you want to get to meet other like-minded people in a relaxing setting, be invigorated, and come away with a clear sense of what to do next.

We will address:

  • Talking to (and living with) reluctant partners (friends, colleagues, and neighbors, too)
  • Emotional barriers to action
  • How our beliefs can be limiting or enhancing, and knowing which we are holding
  • The six stages of awareness
  • A full tour of the precise steps that Chris and Becca have taken at their homestead
  • Hope & Fears - an open discussion among friends about the future
  • Creating community
  • Developing your own resilience steps and checklists
  • Financial steps you should take - we'll have one of our endorsed financial advisors on hand to address your questions