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2017 Year In Review

Markets fiddle while Rome burns
Friday, December 22, 2017, 4:15 PM

Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in full. A downloadable pdf of the full article is available here, for those who prefer to do their power-reading offline. -- cheers, Adam

Introduction

“He is funnier than you are.”

~David Einhorn, Greenlight Capital, on Dave Barry’s Year in Review

Insider

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The War On Gold Intensifies

The UK takes further steps to demonize bullion
Tuesday, August 8, 2017, 1:27 PM

The War on Cash is now spreading to gold.  The Powers That Be want to assure that you have no escape hatches, no means of avoiding the financial and economic pain they are about to visit upon you and yours.

They hate gold because it represents a vote against them every time someone chooses gold over their own poorly-managed fiat currency.  They hate cash to the extent that real cash (i.e., physical banknotes) held outside of the banking system might allow you to avoid having your savings stolen during an overnight application of new banking rules (e..g, a bail-in) that would transfer your wealth into whatever financial hole your idiot bank executives had managed to dig for themselves.

These ridiculous moves tell me that we're nearing the end-stage of this long-running farce.  Too many years of stimulating borrowing above and beyond any reasonable expectation of ever paying those debts back have now driven the system to a terminal stage. » Read more

Podcast

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FerFAL: Understanding Societal Collapse

Warnings we should heed from Venezuela's crisis
Sunday, May 22, 2016, 1:18 PM

As we write about the risks of our over-indebted economy, of our unsustainable fossil fuel-dependent energy policies, and our accelerating depletion of key resources, it's not a far leap to start worrying about the potential for a coming degradation of our modern lifestyle -- or even the possibility of full-blown societal collapse.

Sadly, collapse is not just a theoretical worry for a growing number of people around the world. They're living within it right now.

This week, we catch up with Fernando "FerFAL" Aguirre, who began blogging during the hyperinflationary destruction of Argentina’s economy in 2001 and has since dedicated his professional career to educating the public about his experiences and observations of its lingering aftermath. Given his first-hand experience with living through, and eventually escaping, economic collapse in South America, we asked him to offer his insider's perspective on the current crisis in Venezuela, as well as the devolving situation in Brazil. » Read more

Insider

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How To Prepare For Volatility

There's a lot each of can do
Friday, May 6, 2016, 3:34 PM

Executive Summary

  • What Fort McMurray is teaching us about situational awareness
  • The wisdom of planning, testing & executing your plans in advance of crisis
  • Preparing in case your entire country starts failing
  • The value of emotional preparedness

If you have not yet read Chaos And Volatility On The Rise, available free to all readers, please click here to read it first.

Okay, so what can any of us do to really prepare ourselves for volatility and the sorts of uncertainty that the world is presenting to us?

Quite a lot actually.

In the case of financial market volatility, the easiest thing to do is to simply not play the game. Keep money in cash and just stay away from the rigged casinos until such a time as attractive valuations return and/or the playing field is leveled.

If you remain in the markets, for heaven’s sake hedge! If you click on the link to the left there, you’ll go to an article written by Adam Taggart that describes the basics of portfolio hedging.

Our recommended financial advisors use very proactive hedging strategies to limit downside volatility and minimize the sorts of punishing losses that can result from bear markets.

I am personally sitting in cash, gold, silver, real estate, a local investment, and a small short position on the S&P 500. That is, I am mainly on the sidelines as I await the inevitable correction that our feckless ‘leaders’ have engineered for us all.

Other people prefer to be more actively invested in the stock and bond markets, which I completely understand. I still would caution those individuals to be ready to... » Read more

Blog

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Deflation Is Winning – Beware!

Expect the ride to get even rougher
Friday, July 24, 2015, 11:03 AM

Deflation is back on the front burner and it's going to destroy all of the careful central planning and related market manipulation of the past 6 years.

Clear signs from the periphery indicate that a destructive deflationary pulse has been unleashed. Tanking commodity prices are confirming that idea.  » Read more

Insider

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Too Late!

The morality of preparing today vs tomorrow
Wednesday, March 19, 2014, 2:24 PM

Our motto here at Peak Prosperity is we’d rather be a year early than a day late. 

What we mean by this is that by the time the general masses catch on that something is wrong, it’s too late to do much in the way of preparing. 

At least responsibly.

Preparing before a true crisis hits is our very definition of being a responsible adult.

Trying to lay in supplies after the crisis has hit is our definition of being an irresponsible hoarder. » Read more

Insider

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Is This It?

Global market weakness is now quickly escalating
Friday, January 24, 2014, 11:59 AM

Is this it?  Are we seeing signs that after a very long period of Fed inspired insanity, et al. (courtesy of folks who lack any imagination beyond sustaining the unsustainable), are we finally entering a long-awaited financial correction?

Using our ‘outside in’ methodology, there’s lots to suggest we are entering such a phase.

All is not well on the periphery, with weaker economies now flashing serious warning signs in their bond and currency markets. It's enough that it’s time to... » Read more

Daily Digest

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Daily Digest 5/24 - Scandals And Economic Disasters, Toxic Rice Causes Concern In China

Friday, May 24, 2013, 10:47 AM
  • Elizabeth Warren Grills Treasury Secretary on Too Big to Fail
  • Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever
  • Hyperinflation – 10 Worst Cases
  • 1/3 of Canadians live paycheque to paycheque, survey suggests
  • Scandals & Economic Disasters
  • Greek Prostitution Soars By 150% As Youth Unempoyment Hits 75% In Some Areas
  • Venezuela aims to end toilet paper shortage
  • Will It Be Inflation Or Deflation? The Answer May Surprise You
  • Harvard Economist: 'The Crisis Isn't Over in the US or Europe'
  • Stockholm riots throw spotlight on Swedish inequality
  • Tax avoidance: Developing countries take on multinationals
  • Straw bale homes for LILAC co-housing residents
  • Toxic Rice Causes Concern In China
  • Siblings' Victoria company boosts shellfish sector with algae-producing reactor
Daily Digest

Image by adonofrio (Biology101.org), Flickr Creative Commons

Daily Digest 5/17 - Why Gold Won't Stay Down, The Beneficial Bacteria In Our Guts

Friday, May 17, 2013, 10:00 AM
  • Paper Silver Price Retesting April 2013 Lows: What about the Physical Price?
  • Why Gold Won't Stay Down
  • DSM-5: Mental Health Professionals, Critics Face Off Over Upcoming Psychiatric Manual
  • 11 charts that show Canada’s economy is entering a world of hurt
  • Venezuela Runs Out Of Toilet Paper
  • How Facebook and Brooklyn Killed America's Obsession With Cars
  • Some Of My Best Friends Are Germs
  • The Great Salt Debate: So Bad?
Featured Discussion

Venezuela Devalues Its Currency 32%

Venezuela Devalues Its Currency 32%

The latest salvo in the global currency war