Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today's markets are dangerously overpriced.
Strange as it may sound, it's our opinion that the sooner a major market correction happens, the better. Crash now while there’s still chance of picking up the pieces afterwards and making something useful from them. The longer we push off the inevitable fall, the more destructive it will be and the more difficult it will be to recover from. » Read more
As human animals, our genetic programming pushes us to optimize caloric intake with the minimal amount of effort expended. The food industry knows this, and has for decades been developing "foods" scientifically engineered to appeal to that evolutionary drive. That result? An explosion in obesity, chronic health conditions like diabetes, and a society shamed by itself.
Robb Wolf's guidance revolves around working with, not against, our primal wiring. Eating more, but of the fuel our body truly needs, is much better than merely eating less of the processed gunk sold to us in most aisles of the grocery store. » Read more
I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.
Because, through the lens we use here at PeakProsperity.com to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.
And I'm choosing that word deliberately: Evil. » Read more
The future will belong to those who know how to create value
by Adam Taggart
Thursday, March 16, 2017, 9:36 AM
The best way to defend yourself against the risk of 'losing it all' is to have an important part of your wealth stored between your ears, where it can't be taken from you.
If bad fortune should intervene and you lose your financial wealth, or you need to move away from your current community and start all over again, you'll be able to build a future if you have valuable skills, knowledge and expertise to rely on.
This will be especially true if the future unfolds the way we expect, where declining energy yields and economic stagnation sentence us to doing less. In such a world, a much higher premium will be placed on those individuals who know how to create value. Who know how to get things done. » Read more
This is Part 2 of our podcast with social activist Mark Morey. (Part 1 can be heard here)
Much of society's ills can be resolved through changing our behavior. Native populations are a rich resource of wisdom in doing so, as they had to address many of these same problems centuries ago. The question is: Will we take the time to listen?» Read more
This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few.
This concluding report predicts how these deleterious and unsustainable trends will inevitably ‘resolve’ (which is a pleasant way of saying ‘blow up’.) » Read more
Mark Morey returns to the podcast this week, for a deep dive into Cultural Capital, one of the more intangible and less understood of the 8 Forms Of Capital. PeakProsperity.com readers may remember Mark from his front-line reporting for us of the situation in Standing Rock as the confrontation there with the government first escalated.
Cultural capital is rooted in society's values and traditions. Sadly, over the past few generations in the West, we have departed from the time-honored (and honed) customs and rituals of our ancestors, and adopted a much more "it's all about me" approach to life.
The result, argues Morey, is a populace that feels isolated an unfulfilled. Those age-old traditions and rites of passage developed for a reason. They gave our lives meaning, as well as instructed us on how to live.
Is there a way to recover some of that lost wisdom and sense of "fit" in life? Yes, Morey believes. And there's much the world's indigenous cultures can teach us. » Read more
The Peak Prosperity annual seminar is just a little over a month away now.
It will be held from April 6-9th, at its traditional location, the bucolic Rowe Conference Center in Rowe, Massachusetts. More information regarding the seminar and how to register can be found by clicking here.
It's impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction, but my personal bet is “a lot!”
For my reasons why, take a few minutes to watch the chapter on bubbles below from The Crash Course. For those who haven't seen it before, the takeaway is this: bubbles pop only when greed in the market has been exhausted. » Read more