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How To Engage Others

Especially when the audience is reluctant
Friday, June 22, 2018, 7:58 PM

Executive Summary

  • The power of narrative
  • Data vs Beliefs
  • Best practices for engaging reluctant audiences
  • Common pitfalls to be wary of

If you have not yet read Part 1: The End of Growth available free to all readers, please click here to read it first.

Talking to people about the ways in which we are killing off life on Earth is not easy.

Better people than I have thrown themselves at it and failed. James Hanson recently got to reflect on his 30-year attempt to use data to persuade governments and the public that climate change is real and dangerous. Looking back, Hansen now says that he regrets not being “able to make this story clear enough for the public.”

I think his shortcoming had nothing to do with making the case clearly enough, but instead was rooted in not appreciating how people don’t change their behavior based on data. We change our actions after our beliefs change.

As Mahatma Gandhi famously said:

(Source)

If we want a different destiny, either individually or collectively, then we have to shift the beliefs. That’s where it all starts.

In our seminars we often call this part “How to talk to a reluctant partner” but you could just as easily swap out “partner” with colleague, friend, neighbor, or family.

The main difficulty in communicating is that many people mistakenly believe... » Read more

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greatperformersacademy.com

Off The Cuff: A New Framework For The Future

A helpful tool for producing the outcomes we need
Monday, June 18, 2018, 9:50 PM

In this week's Off The Cuff podcast, Chris discusses:

  • Reflections On The Future
    • Debrief on Chris' recent NASA conference
  • Cheering On The Way Down
    • We're still partying, unaware of the crisis we're in
  • A New Framework For Seeing The World
    • The Extractive/Regenerative vs Scarity/Abundance plot

This week a travel-weary Chris recounts his key takeaways from the NASA/Blue Sky "Future of Work" conference he just attended. 

On one hand, it's encouaring smart mind of goodwill are coming together to brainstorm how to enter the future with prosperity and grace. But there's so much those caught up in the status quo are blind to. One accomplishment Chris is proud of is a framework he introduced to provide context and focus to the event. One that gets folks on board from the start that any actions embraced need to be based in creation, not consumption.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Insider

Off The Cuff: The Last Rescue?

Soon, markets will have to fend for themselves
Saturday, June 9, 2018, 1:09 AM

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • The Visible Hand Of The Market Manipulators
    • Volatility is (once again) being intentionally throttled
  • Why Italy Matters
    • It has the size and will to destabilize the EU
  • Weakness In The EU Goes Beyond Italy
    • The banks, especially Deutche Bank, are in trouble
  • Can Anyone 'Win' A Trade War?
    • It's debatable. What's not is that everyone gets bloodied.

Chris and Mish address the latest "rescue" of the markets since Italy briefly threatened to destabilize Europe. So, the intervention of the past 8 years is still in play, but for how much longer? With the central banks starting in earnest to shrink their balance sheets (or at least taper their purchasing), these market "saves" will be less possible going forward. Mish, in particular, expects gold to reflect that heightened risk in the coming future.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Insider

LegalZoom

A Primer On How To Create An LLC

Step-by-step instructions to make you a business owner
Friday, June 1, 2018, 7:43 PM

Executive Summary

  • The steps to take when creating your LLC
  • Helpful resources to guide the process
  • Under which conditions to seek legal assistance
  • Maintaining the protection of the corporate veil

If you have not yet read Part 1: The Advantages Of Creating An LLC available free to all readers, please click here to read it first.

The primer below walks you through each of the main steps you need to take to form your LLC. 

Like most things in the world of business and finance, the main elements of creating an LLC are pretty straightforward. It's in the customization of the process to best fit your specific needs where things can get more complex.

Most of you should be able to navigate the vast majority of this process on your own without having to pay a lot for legal services. That said, paying for experienced legal guidance quickly becomes a good value the more complicated your situation becomes. The more business partners you have, the bigger the scale of your operations, the more revenue you anticipate making, the more litigation risk within your new company's industry -- these are just some of the factors that justify involving a lawyer's help.

Accept this primer for what it is: an overview of the fundamental steps to take and considerations to make when creating an LLC. I'm not a lawyer, and the laws impacting LLC formation/taxation differ by jurisdiction (usually by state) and change over time (as with the recently-passed Tax Cuts & Jobs Act of 2017). DON'T take this as personal legal advice. Use it as intended: as a jumping-off point to the LLC creation process. For those who do create an LLC, I highly recommend at least having a lawyer review your documentation (if you're not contracting with one to manage the whole process for you), as well as seeking advice from your accountant for all related tax matters.

OK, with those important disclaimers made clear, lets move on to the process...  » Read more

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Wikimedia

Off The Cuff: Why Governments Prefer A Currency Crisis To A Debt Crisis

Nothing's as destructive as cascasding debt defaults
Friday, June 1, 2018, 6:09 PM

In this week's Off The Cuff podcast, Chris and Wolf Richter discuss:

  • Panic in Europe
    • Italy is threatening to destabilize the EU
  • Central Banks Have Wrecked The Market Mechanisms
    • And tapering will reveal the damage done
  • What's Better? A Debt Crisis Or A Currency Crisis?
    • It seems governments vastly prefer the latter
  • Is Deutche Bank Threatening To Start A Banking Crisis?
    • Maybe. And it would set the world aflame.

With the action happening in Europe this week, from the Italian debt panic, to the new Spain PM, to Deustche Bank's worsening prospects, Wolf Richter comes on the program to make sense of the developments in real-time.

Notably, Wolf explains why the world's central banks will work with their home governments to destroy their currencies rather than start defaulting on their debts. This is path he expects the future to take:

A debt crisis is devastating, and it's devastating selectively. A currency crisis is kind of more democratic. It hits everybody. But a debt crisis, it hits the people that are recipients of government aid the most. And that's the problem in Greece and other countries, they had to go on austerity. Little bitty pensions were cut and things like that happened to save a few pennies here and there. And when it's a currency crisis, everybody gets hit and it spreads across. And I think they understand that Japan is uniquely equipped to deal with a currency crisis because it has this large trade surplus and because it sits on a pile of foreign exchange reserves. So that won't really blow up the Japanese economy where as a debt crisis would completely implode the economy, and it would wreak havoc among the people from pensioners and aid recipients and the healthcare system and everything would just collapse. And they decided that's not going to happen.

So that's how I think we need to look at what's happening in Japan. They made a decision to prevent a debt crisis. and if they get a currency crisis, fine, they'll manage that. Italy doesn't have that option. Italy doesn't have its own currency, and it can't do that, so it can get a debt crisis. And that's what happened to Greece, and that's what happened to other countries. When they get a debt crisis it's really nasty. I hope Italy can avoid this thing, but debt crises are just the worst, absolutely the worst. But if a government needs to do anything, it's avoid a debt crisis.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Insider

Off The Cuff: Suddenly, Instability Is Everywhere

Italy, Argentina, Turkey, auto loans, real estate...
Sunday, May 27, 2018, 1:21 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • When Will Rising Interest Rates Matter?
    • We're close to the breaking point
  • The Fed As Buyer Of Last Resort
    • When the next recession hits, the Fed will directly buy bonds, stocks, etc
  • Suddenly, Weakness Is Everywhere
    • Italy, Argentina, Turkey, auto loans, student loans...
  • Ecologically, We're Killing Ourselves
    • Along with a tremendous number of other species

John returns this week to address this key question: When will the market crack? There are so many signs of instability suddenly in the markets -- when will they matter? Pricies are hanging in there, but the inexorable grind higher of the past 7 years has stalled out in 2018. This could very well be the year that everything changes.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
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ESB Professional/Shutterstock

The Breaking Point Is Upon Us

Signs of collapse are suddenly everywhere around the world
Friday, May 25, 2018, 7:29 PM

Executive Summary

  • Why despite winning battle after battle, the central banks will lose the war
  • The viscious cycle is already underway in the Emerging Markets
    • Turkey
    • Argentina
    • Brazil and Mexico (not to mention Venezuela)
  • Italy is dragging Europe into crisis
  • The weaker segments in the US are already in collapse

If you have not yet read Part 1: The End Of Stimulus? (And The Start Of The Crash?), available free to all readers, please click here to read it first.

Suddenly everywhere we look in the emerging markets, we're seeing things quickly get out of hand. EM currencies are plunging and their bonds are being sold hard. It’s a broad-based sell-off. 

Expect similar disruptions in the EM equity markets soon. The collapse progression is always the same: currency first, bonds second, then equites.

Our view of what’s happening in the EM universe is that the carry trades are unwinding. What this means is that the big piles of money unleashed on the world by the OECD central banks are turning tail and running away from the periphery (EMs)  and back towards the core (US, EU).

The virtuous part of this cycle for the EM countries was that big funds would borrow in a major currency, like the dollar or euro, and then buy a particular EM currency (causing that currency to strengthen) as well as its debt (causing those bond prices to rise).

The opposite and unhappy part of that story is when that whole things gets reversed. A vicious cycle is initiated which causes the bonds of the EM country to be sold, jacking up EM interest rates, and then the currency is sold (weakening it), and then dollars/euros are bought again causing those major currencies to strengthen.

That’s the pattern we're seeing right now and it’s consistent with the falling global liquidity markets are experiencing, which indicates that a big problem is brewing.

For several EM countries, as well as weaker players in Europe and the American lower and middle classses, that problem has already arrived.

We see clear evidence of it in... » Read more

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afflictor.com

Off The Cuff: The Fed Is Driving Blind

Insider insights from a recent gathering of Fed officials
Monday, May 21, 2018, 3:11 PM

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • The Fed Is Driving Blind
    • QE has rendered all signals useless
  • The Risk Of Recession Is 100%
    • The only question that matters is When?
  • Axel's Report From A Recent Gathering Of Fed Officials
    • From inside the Hoover Institution
  • Forecasting The Price Of Gold & Oil
    • Bullish reasons to hold both right now

Having recently returned from a private gathering of Federal Reserve officials, Axel shares his observations with us. In a nutshell, he sees the Fed as now following the market. His prediction is that they will keep tightening right up to the point where the market buckles under the higher rates, and at that point, it will be too late to prevent a major market correction, and likely, a plummet into economic recession.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Insider

Off The Cuff: The Whole System Is Insane Now

The Market & the State now both incentivize our destruction
Monday, May 14, 2018, 12:36 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Seminar Summary
    • CHS shares his key takeaways from speaking at the PP seminar
  • Energy Is Everything
    • And the situation is much more dire than most realize
  • The Whole System Is Insane Now
    • The Market & the State now incentivize our destruction
  • An Invitation To Live Regeneratively
    • We have the models. But do we have the will?

Fresh from speak at Peak Prosperity's annual seminar, Charles Hugh Smith reflects on his key takeways from the event, plus focuses our attention on the mal-incentives our economic models offer us these days. They are literally rewarding us to hasten our own destruction.

As Charles frankly puts it...

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
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theleap.mishcon.com

The 4 Essential Practices To Adopt Right Now

These only have value if put in place before crisis arrives
Friday, May 11, 2018, 10:14 PM

Executive Summary

  • Why aligning your Knowing, Doing and Being is key to a resilient future
  • Key takeaways from the recent 3-day annual PP seminar
  • The importance of taking action in advance of crisis
  • The 4 essential regenerative practices to start adopting right now

If you have not yet read Part 1: Time To Choose, available free to all readers, please click here to read it first.

I usually shy away from being overly directive, preferring to arm folks with information and then let each reader figure out what to prioritize given their specific personal situation. The only exception to this is when I send out an Alert in response to a spiking threat level -- when I'm personally taking action such as making major changes to my investmen portfolio, topping off my car's gas tanks, pulling more cash from the bank, etc.

But the recent Peak Prosperity seminar that just took place in Sebastopol CA from May 4-6, 2018 was a fantastic showcase of 'regenerative' options, many of which make sense for everyone.

In particular, there were four that stood out for me as essential to anyone concerned about the future who wants to protect their well-being and be part of the solution society needs.

These steps are implementable and realistic for nearly everyone. And their benefits far outweigh the efforts to put them in place.

So what are they?

Let's start with... » Read more