Peak Prosperity News Feed

Blog

We're Living In 'The Groundhog Show'

In which our leaders make the same mistakes over & over
Friday, February 22, 2019, 6:15 PM

It's said that truth mirrors fiction. I'm finding this to be the case more and more these days.

Take the 1993 comedy Groundhog Day. Bill Murray wakes up each day to relieve the exact same daily circumstances and interpersonal interactions. He relives the same day, February 2, over and over again.No matter what he does, the repetitive cycle won't break.  He goes to sleep, wakes up to his alarm, and it's the morning of Feb 2 again.

Likewise, in The Truman Show, Jim Carrey lives in a simulated environment where everybody's an actor in a popular TV show except him.  For him, it’s his real life.  But although he doesn't realise it, everything around him is completely scripted and fake.

If merge these two movies together, they perfectly describe the world in which we live today.  Welcome to Groundhog Day meets The Truman Show.   Let’s call this mash-up The Groundhog Show. » Read more

Blog

Dude, Where's My Cash?

The growing desperation for income
Friday, February 15, 2019, 5:44 PM

A few months back, we issued a report, The Primacy Of Income, declaring the end of the era of capital gains.

It's conclusion? Wealth accumulation over the next decade will be predominantly driven by income.

Since issuing that report, developments have only served to underscore that prediction. » Read more

Podcast

Tan Liu

Tan Liu: Why Many Of Today's Most-Owned Stocks Are Ponzi Schemes

Too much phantom wealth vs cash flow
Thursday, February 14, 2019, 12:16 PM

Stocks provide a return to today's investors via two mechanisms: dividends and capital gains.

Dividends provide and income stream which can be quantiatively values. Capital gains result from speculation -- an expectation that future dividends will be higher than the market currently expects.

But what's the value of a company that continuously pays no dividends and does not appear as if it ever will in the foreseeable future?

Former financier and current statistician Tan Liu, author of the recent book The Ponzi Factor: The Simple Truth About Investment Profits explains how many of today's perpetually dividend-less companies traded on the public market are operating as ponzi schemes by definition. » Read more

Blog

Wikimedia

Next Stop: Recession!

We've arrived at the end of the line
Friday, February 8, 2019, 6:23 PM

We've enjoyed years of "recovery" since the Great Financial Crisis by literally papering over our problems with newly-printed money, instead of addressing their root causes.

But we've now arrived at the awkward part of the story; when all of our prior mistakes finally catch up with us, and the plot heads in a much darker direction. » Read more

Blog

A Survival Guide For 2019

How to safely navigate the 'Year Of Instability'
Friday, February 1, 2019, 6:20 PM

With the bursting of the Everything Bubble, we declared last year as the 'Year Everything Changed'. This will be the 'Year of Instability', possibly preceding an upcoming 'Year Of Woe' in 2020.

But look, we're not saying the world is the process of ending imminently. It's just that we've entered the part of the timeline when things are going to start to get really rocky.

And we think it's much more useful to think of 2019 as the 'Year Resilience Matters'. It shifts the focus away from fear and instead towards the many things you can do to protect yourself and those you care about - and even to position yourself to prosper through the coming challenges. » Read more

Blog

Collapse Is Already Here

It's a process, not an event
Friday, January 25, 2019, 9:18 PM

Many people are expecting some degree of approaching collapse -- be it economic, environmental and/or societal -- thinking that they’ll recognize the danger signs in time. 

As if it will be completely obvious, like a Hollywood blockbuster. Complete with clear warnings from scientists, politicians and the media.  And everyone can then get busy either panicking or becoming the plucky heroes. 

That's not how collapse works.

Collapse is a process, not an event.

And it's already underway, all around us. 

Collapse is already here. » Read more

Podcast

Shutterstock

Lance Roberts: The Case For A 50% Market Correction

Running out of gimmicks to goose 'earnings' growth
Tuesday, January 22, 2019, 4:28 PM

So, did the nauseating last few months of 2018 signal the end of the secular bull market? Or is the rebound that kicked-off 2019 a sign that the uptrend is still intact? Or it is just a dead-cat bounce?

Lance Roberts, chief investment strategist and chief editor of Real Investment Advice, returns to the podcast with fresh data that suggests the bear market that emerged late last year is still in play.

Of greater concern to him, though, is where things are headed from here. » Read more

Podcast

Art Berman: Exposing The False Promise Of Shale Oil

Estimates of recoverable oil are proving wildly wrong
Wednesday, January 16, 2019, 1:44 PM

Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America's shale oil output.

Because the US is pinning huge hopes on its shale oil "revolution", so much depends on that story being right. Here’s the narrative right now:

  • The US, is the new Saudi Arabia
  • It's the swing producer when it comes to influencing the price of oil
  • The US will be able to increase oil production for decades to come
  • New technology is unlocking more oil shale supply all the time

But what if there’s evidence that runs counter to all of that?

We’re going to be taking a little victory lap on this week's podcast because The Wall Street Journal has finally admitted that shale oil wells are not producing as much as the companies operating them touted they would produce -- which is what we’ve been saying for years here at PeakProsperity.com, largely because we closely follow Art's work. » Read more

Blog

Shutterstock

The Shale Oil Revolution Actually Reflects a Nation in Decline

Faster consumption + no strategy = diminished prospects
Friday, January 11, 2019, 7:48 PM

For several decades now the US has been getting its energy policy very badly wrong.  It's so short-sighted, and rely so heavily on techno-optimism, that it barely deserves to be called a 'policy' at all. 

Which is why we predict that in the not-too-distant future, this failure to plan will attack like a hungry wolfpack to bite down hard on the US economy’s hamstrings and drag it to the ground. » Read more

Podcast

CropMobster.com

Singing Frogs Farm: The Science Of Healthy Soil

Focus on biology over chemistry
Monday, January 7, 2019, 5:52 PM

Three years ago, I interviewed Paul and Elizabeth Kaiser about the remarkably effective model being pioneered at their farm, Singing Frogs Farm, a small micro-farm in northern California. It quickly became one of Peak Prosperity's most popular podcasts of all-time.

Developed over years of combining bio-intensive land/forestry management theory with empirical trial & error, the farming practices at Singing Frogs have produced astounding results.

This week, I sit back down with Paul and Elizabeth to discuss the science behind their latest farming practices & techiniques, the importance of biology over chemistry when it comes to gardening, and the hands-on workshops they offer, and what they think it takes to make a 'resilient farmer'. » Read more