Peak Prosperity News Feed

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livelifehappy.com

Better A Year Early Than A Day Too Late

Preparation only has value if it's done in advance
Tuesday, August 22, 2017, 1:42 AM

When it comes, change happens swiftly. And life after -- for better or worse -- is forever different.

I've witnessed this time and time again since co-founding Peak Prosperity. And pretty much every time, I notice that the vast majority of people -- including many of the the watchful and preparation-minded folks who read this site -- are caught by surprise. » Read more

Podcast

California Department of Water Resources

Scott Cahill: Collapse Risk At The Oroville Dam Is Still Unacceptably High

Bungled repairs and new concerns at the tallest US dam
Sunday, August 20, 2017, 5:20 PM

Remember the crisis earlier this year at the Oroville Dam? 

The overflow from California's winter of heavy rain threatened to overpower our country's tallest dam. A cascading failure of the dam's main gates, its primarily spillway AND its emergency spillway had the world watching hour by hour to see if a catastrophic breach was going to occur.

Fortunately, the rains stopped long enough for the situation to be brought under control. The dam remains in place and repair crews have been working all spring and summer.

But should we breathe easy at this point? Not at all, says dam safety expert Scott Cahill.  » Read more

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wikimedia

We Need A Social Revolution

Our future depends on our willingness to fight for it
Friday, August 18, 2017, 6:12 PM

Governments and corporations cannot restore social connectedness and balance to our lives.

Only a social revolution that is self-organizing from the bottom-up can do that. » Read more

Podcast

Lightspring/Shuttestock

Brien Lundin: If They Don't Want You To Own It, You Probably Should

The wisdom (and challenges) of owning safe haven assets
Monday, August 14, 2017, 8:39 PM

One of the most perplexing mysteries to us is that right as the Federal Reserve embarked on QE3 -- which was a huge, enormous, $85 billion a month experiment -- commodities began a multiyear decline within two weeks of that announcement. Concurrently, the world’s central banks plunged the world into steeply negative real interest rates, a condition that has almost always resulted in booming commodity prices -- but not this time. Today, the ratio between commodity prices and equities is at one of, if not the most, extreme points in history.

To explain that gap, we talk this week with Brien Lundin, publisher of Gold Newsletter and producer of the New Orleans Investment Conference (where Chris and Adam are speaking on Oct 25-28): » Read more

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igorstevanovic/Shutterstock

Signs Of Distress

The need to change is becoming more obvious than ever
Friday, August 11, 2017, 10:06 PM

The world is edging closer to the final moments after which everything will be forever changed.

Grand delusions, perpetuated over decades, will finally hit the limits of reality and collapse in on themselves.

We’re over-budget and have eaten deeply into the principal balances of all of our main trust accounts. We are ecologically overdrawn, financially insolvent, monetarily out past the Twilight Zone, consuming fossil fuels (as in literally eating them), and adding 80,000,000 net souls to the planet’s surface -- each year! -- without regard to the consequences.

Someday there will be hell to pay financially, economically, and ecologically as there simply isn’t any way to maintain these overdrafts forever. Reality does not renegotiate. Its deal terms aren't compromisable. » Read more

Podcast

Oleksii Sergieiev | Dreamstime

Richard Sylla: This Is An Inherently Dangerous Moment In History

Low interest rates are causing distortions & mis-allocations
Monday, August 7, 2017, 2:42 PM

"The rates we’ve had in recent years, including right now, are the lowest in history. The book that I co-authored on the history of interest rates traces back to the code of Hammurabi, Babylonian civilization, Greek and Roman civilization, the Middle Ages, the Renaissance, and early modern history right up to the present. And I can assure our listeners that the rates that they’re experiencing right now are the lowest in human history."

So says Richard Sylla, Professor Emeritus of Economics and the Former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University's Stern School of Business. He is also co-author of the book A History Of Interest Rates

We invited Professor Sylla onto the podcast after hearing his work favorably referenced by the panel convened at the recent hearing held by the US Congress titled: “The Federal Reserve’s Impact on Main Street, Retirees and Savings.”

Based on his deep study across the scope of millennia of human history, Sylla warns we are at a dangerous moment in time. » Read more

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Shutterstock

WEBINAR: The Health Effect - with Robb Wolf & Chris Kresser

Learn the keys to functional health - Aug 23 @ noon EST
Friday, August 4, 2017, 2:45 PM

What specific steps should you consider taking in your own life to improve your physical and mental health, and how can you best incorporate these into your current lifestyle? To answer those questions, we're producing our next Peak Prosperity webinar, titled "The Health Effect", featuring two of the absolute top experts today in functional health: Robb Wolf and Chris Kresser.

The event itself will take place on Wednesday, August 23 at noon EST/9am PST. It will last approximately an hour and a half.

The price to participate in this webinar is $25, unless you are an enrolled member (i.e. paying subscriber) of PeakProsperity.com. In that case, it's FREE» Read more

Podcast

Evgenii Bobrov/Shutterstock

Patrick Byrne: Why Cryptocurrencies Matter

They make freedom from the central banking cartel possible
Sunday, July 30, 2017, 3:28 PM

This week we talk with Patrick Byrne, CEO of Overstock.com, and rare courageous voice within corporate America raising concern that powerful interests on Wall Street are destroying US companies for profit, robbing investors and destabilizing our financial system in the process. 

Byrne has been an early advocate for digital currencies and their potential to protect financial wealth from the massive policy missteps being undertaken by the Federal Reserve. (In 2014, Overstock.com became the first major retailer to accept Bitcoin payments.) 

In this week's podcast, Byrne details out the promising potential of cryptocurrencies and the blockchain, as well as his thoughts as to whether they will be able or not to evade subversion by the world central authorities. » Read more

Blog

A-papantoniou/Dreamstime

Our Brave New '''Markets'''

How HFT algorithms risk a massive sudden sell-off
Friday, July 28, 2017, 9:18 PM

One thing is clear: These aren’t your daddy’s markets anymore.

Why?  Because about 10 years ago the Rise of the Machines (aka high frequency trading algorithms) completely altered the terrain of what we call the ‘capital markets.’  » Read more

Podcast

Alex J. Pollock: Insights From The Recent Congressional Hearing On The Fed

Finally, some lawmakers are becoming concerned
Monday, July 24, 2017, 2:43 PM

On June 28th 2017, the United States Congress held a hearing titled: “The Federal Reserve’s Impact on Main Street, Retirees and Savings.” If you haven't watched it yet, we highly recommend doing so.

Joining us for today's podcast is Alex J. Pollock, one of the experts who participated on that Congressional panel. In this discussion, he details out his assessments of the Fed's major transgressions against the interests of the general public. But perhaps more interestingly, he shares his observations from the hearing and how it struck him that many of the members of Congress that convened it appear to be growing increasingly concerned about the Fed's lack of accountability, as well as its potential fallibility. » Read more