Insider

Enter a comma separated list of user names.
Insider

readytribe.com

Off The Cuff: The Root Cause Of Much Of Today's Strife

The decision to go off the gold standard in 1971
Thursday, August 24, 2017, 3:18 PM

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

  • The Root Cause Of Much Of Today's Strive
    • Going off the gold standard in 1971
  • Financialization Has Led To Polarization
    • It has allowed for a very unfair distribution of wealth
  • Our Polarization Makes Us Susceptible To Fear
    • Which the media and special interests stoke
  • Stay Focused, Don't Act Out Of Fear
    • Intentional resilience is the antidote to today's chaos

Longtime Off The Cuff listeners are really going to enjoy this week's discussion, in which Chris and John dig into the more existential questions of "how did we get here?" and "how do we regain a hopeful future?" when looking at the increasingly extreme social rift occurring in today's society. Interestingly, they trace the root cause for a lot of today's strife back to the US' decision to take the world off the gold standard (i.e. sound money) in 1971. This removed a very important control, in the absence which the power players in government and the corporate world were able to increasingly warp the system to their own advantage through racketeering. Over time, the wealth has concentrated at the very top, leaving everyone else a thinner and thinner slice of the pie.

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.
Insider

WATCH LIVE: The Health Effect Webinar

FREE to PP.com's premium subscribers
Wednesday, August 23, 2017, 11:55 AM

Today's webinar The Health Effect, featuring Robb Wolf and Chris Kresser, is free to PeakProsperity.com's enrolled members.

To watch it live, click the blue button below: » Read more

Insider

wikimedia

Rescuing Our Future

A playbook for restoring true wealth to our lives
Friday, August 18, 2017, 6:13 PM

Executive Summary

  • The Destructive Practices To Stop Doing
  • The Regenerative Behaviors To Do More Of
  • Getting The Foundational Pieces In Place
  • The Payoff, For Both You & Society

If you have not yet read Part 1: We Need a Social Revolution available free to all readers, please click here to read it first.

In Part 1, we compared non-hierarchical, bottoms-up secular social revolutions with hierarchical, top-down political and technological revolutions managed by the state and corporate sector.  Next, we surveyed the erosion of social connectedness and social capital, and asked who benefited from this fraying of the social order.  While certain players derive some benefit from political divisiveness and from the sale of technologies that undermine authentic connectedness, it seems that much of the social-order decay is collateral damage—destruction that wasn’t intentional.

How can we strengthen or repair our own connections and social fabric in such a disintegrative era?

There are two basic approaches: stop participating in destructive dynamics, and assemble the foundational pieces of a connected social life.

How do we as individuals and households foster and nurture the social bonds that are fast-eroding in civil society?

The basic strategies are not difficult to understand, though they are extremely difficult to put in place in modern-day America:

  • Strip out busyness to free up enough time and energy for social life and connectedness.
  • Live in a place with short commutes to friends, family and public social spaces.
  • Recognize (and then.....
Insider

BsWei/Shutterstock

Off The Cuff: The End Of The Easy Money Era

Its legacy?: Too many over-leveraged victims
Thursday, August 17, 2017, 6:29 PM

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

  • Growing Signs Of Recession
    • Autos, retail, restaurants...
  • Dark Times For Commercial Real Estate
    • Bad enough that the Fed is worried
  • The Retail Hosing Market Is Popping
    • Toronto as a case study
  • The End Of The Easy Money Era
    • It's legacy: way too many over-leveraged victims

Suddenly, the tranquil seas long enjoyed by the markets have turned turbulent. Chris and Wolf react to the sudden volatility returning to stocks, the growing flood of recessionary indicators, the recent Fed statement, and the signs that the real estate market may have finally indeed topped out.

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.
Insider

Iconic Bestiary/Shutterstock

I Just Added To My Short Position

Keeping you updated on my portfolio positioning
Wednesday, August 16, 2017, 2:01 PM

Last year, I detailed out my personal investments in the report How My Portfolio Is Positioned Right Now. It turned out to be one of our most popular articles over the past few years.

In it, I mentioned that I'll do my best to update our subscribers when I make a material change to my portfolio allocation.

Well, I just did. » Read more

Insider

solar22/Shutterstock

Joining The Quiet Revolution

Together, we're going to lead the way
Friday, August 11, 2017, 10:08 PM

Executive Summary

  • Knowing, Doing & Being
  • Preparing for and embracing de-growth
  • Getting your perspective straight
  • Ways to participate

If you have not yet read Part 1: Signs Of Distress available free to all readers, please click here to read it first.

How We Fix This

At Peak Prosperity our model for squaring up to reality and taking action has three components.

Knowing – refers to gathering the best and most complete data and letting it tell the tale. Often this is hard work, mainly because much if it is ‘not happy data’ and sometimes leads to grief, such as when I view the decline in butterfly populations.

Doing – once armed with the data that says “DO SOMETHING!” we figure you should probably do something. The Eight Forms Of Capital framework in Prosper! lays out a great starting point for anyone. Stepping through each form of capital not only makes you more resilient for any future that might arrive, but happier, more well connected, and healthier today. It’s a win-win and that’s why we like it. Of course Adam and I live what we preach, so there’s nothing in there that we are not following ourselves.

Being – nothing that we do will matter in the end of we humans do not find a new way to be on this planet with each other. We need to be able to tame our egos to the point that we can finally know when to say “enough!” because we know that more stuff isn’t where our happiness and contentment come from. Further we need to remember that are a part of not apart from nature. Reconnecting to the natural world is a huge and important part of being alive and content. Mastering being allows us to experience lives of amazing abundance, in part by being grateful for what we do have rather than consumed by what we do not have.

Once we are on the path of aligning ourselves and our actions with the reality of the world we become... » Read more

Insider

CHOATphotographer/Shutterstock

Off The Cuff: The Path Forward

Deep down, we know what to do. Chris goes solo again.
Friday, August 11, 2017, 2:14 PM

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

  • Our Ecological Budget Is In The Red
    • Our short-sightedness is dooming us
  • Our Economic Budget Is In Similar Danger
    • Again, we are living way above our means
  • Politically, We're Stumbling Badly, Too
    • North Korea, Russia, Syria, domestically...the list is long
  • We Can Do Better
    • There are plenty of better models out there, if we look for them

Recording from vacation on a small island in Maine with no power, this is different than our standard Off The Cuff. Chris takes time to reflect on the repercussions of our poor policy choices and how those are manifesting in the world. What makes our mistakes so regrettable in his eyes is that there are clear ways to do things better -- we don't need new magical solutions to appear; there are models that work right on the table, ready for use; if only we're bold enough to embrace change.

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.
Insider

Lenka Horavova/Shutterstock

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

Insider

igorstevanovic/Shutterstock

Off The Cuff: A Dependable Crash Indicator Is Now Flashing

RV sales are signalling signs of a blow-off top
Thursday, August 3, 2017, 10:36 PM

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

  • Trade Wars
    • Suddenly arising with Russia and China
  • Modern Monetary Theory
    • A delusion that dates back to the days of John Law
  • A Great Crash Indicator
    • RV sales are sending a warning sign
  • Risky Real Estate
    • Private equity will sell fast when times get bad

Chris and John discuss the looming trade wars with Russia and China, the long-term implications of the worldwide credit binge, and the indicators that will presage a systemic correction. John shares his assessment of one of his most trusted crash indicators, RV sales:

This is a typical cycle for RVs. It’s a big toy and people are cocky now because they’ve been working for a little while. They have extremely easy credit. Interest rates are incredibly low. If you’ve got a decent credit score you can buy an RV for 2 or 3% interest and a lot of people are taking advantage of that, just as they spent the last three or four years taking advantage of incredibly cheap car loan terms, and running, basically, an auto sales bubble. They’ve kind of shifted to RVs now, which is yet another sign that the cycle is nearing an end.

This "recovery" is 8 years old now. The typical recovery is 6 years. So we already have an expansion that’s a couple of years longer than normal. It’s actually the third longest since World War II. Which means that, everything else being equal, we should be pretty close to the end of this cycle and ready for a downturn. And now you’ve got indicators like RV sales going just parabolic, indicating that, at least in that little section of the market, money is incredibly easy and buyers are euphoric. And that’s also a sign that things are nearing the end. There are lots of other signs, but that’s one.

Every time there’s a bubble in an asset class, there’s always a new reason for it that appears to explain it. But historically the explanation never holds. The cycle still reasserts itself at some point. And things go back to normal. And I suspect that’ll be the case with RVs at some point.

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.
Insider

Andrew Cline/Shutterstock

Off The Cuff: The Pin To Pop This Bubble?

Political instability is becoming a top risk
Thursday, July 27, 2017, 1:55 PM

In this week's Off The Cuff podcast, Chris and Dave Fairtex discuss:

  • Whither These Markets Goest From Here?
    • Lots of scary data, but Dr. Copper is feeling lucky
  • Revisiting The Ka-POOM Theory
    • Might we avoid the Ka and go directly to POOM?
  • The Impact of Artificial Intelligence
    • It surely a game changer. But how?
  • Gold
    • Are the recent moves just a head-fake?

Dave Fairtex, PeakProsperity.com's precious metals daily analyst from Singapore, joins Chris this week to opine on a wide range of topics from the markets, to AI, to the refugee crisis in Europe. The two spend time talking about where the catalyst for a market correction is most likely to come from. And while there is a plethora of candidates, Dave sees political risk as topping the list:

My sense is that I think the central planners have the monetary thing wired. Let’s take the ECB. They have figured out a way to make it so that strictly monetary issues don’t cause problems anymore.

So what that leaves us with is political problems. That’s why I'm looking at what’s happening here, with the migrants in Europe and all the rest of it.Trump was an indicator that the central banks have the money stuff nailed down, but they don’t have the political movements fully under control.

So the longer-term stuff about screwing the savers and all the rest of it – that stuff they can’t control. I don’t know; maybe money printing works until the political situation changes. That’s where I’m leaning right now. 

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.