Tag Archives: argentina

  • Insider
    Gold Signaling Crisis

    Both Gold And Copper Warn: “Crisis!”

    Is a Comex failure coming?
    by Chris Martenson

    Tuesday, August 13, 2019, 5:45 AM


    Gold has spiked higher in the overnight markets, now above $1535.  Copper continues to weaken.  That combination says that gold is not sniffing out an inflationary burst from some future burst of economic growth. If that were the case, copper wouldn’t be tanking here. Take a peek at these two charts. Let’s your eyes wander…

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  • Daily Digest
    Image by blackeiffel, Flickr Creative Commons

    Daily Digest 6/15 – Good News Friday: Money Isn’t Everything, Last Straw For Plastic Straws?

    by DailyDigest

    Friday, June 15, 2018, 3:30 PM

    • Money Isn’t Everything – Overcome The Greedy Mindset
    • Plant-based diet lowers risk for chronic diseases, weight gain, death
    • Florida judge rules state ban on smokable medical marijuana is unconstitutional
    • Psychedelic drugs change brain cells in ways that could help fight depression, addiction and more
    • By 2022, India vows to stop single-use plastics
    • 20/20 Hindsight and How to Avoid Regret
    • Why Most People Never Learn from Their Mistakes… But Some Do
    • Alabama sisters give birth on same day, around same time, for second time in 9 years
    • Gene therapy reverses rat's paralysis
    • Last Straw For Plastic Straws? Cities, Restaurants Move To Toss These Sippers
    • Surprising discovery: Sweet tooth gene connected with less body fat
    • Mars to Shine Brighter This Summer Than It Has in 15 Years
    • Audi Working to Add Solar Panel Roofs to Future Electric Cars
    • Pros & Cons of Growing Your Own Fruits & Vegetables
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  • Insider
    Who is Danny/Shutterstock

    Off The Cuff: The Approaching Minsky Moment

    The world is unprepared for the reset heading our way
    by Adam Taggart

    Thursday, June 22, 2017, 1:00 AM


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

    • A Study In Failure Of The State
      • Chris shares his on-the-ground observations from So. America
    • It Can Happen Here
      • Mish shares his on-the-ground observations from Illinois
    • Virtually All The Macroeconomic Data Is Miserable
      • Yet the Fed & the markets are acting like everything's great
    • The Approaching Minsky Moment
      • It's a matter of if, not when

    This week's Off The Cuff discussion is an interesting one. Both Chris and Mish have front-row seats to two failing governments — Chris in Argentina, and Mish in Illinois. It feels to them like they are getting a preview of the economic pain soon to come to the rest of the world.

    Both are *very* concerned that citizens and investors across the globe are being duped by the (lack of) signals and messages today's ""markets"" are providing. Looking at the steady drumbeat of bad & worsening macroeconomic data, as well as the immense gap between fundamentals and asset prices, Chris and Mish are as confident as they have ever been that a massive painful reset is nigh. But too many of our leaders, and too much of the public, remain complacent/ignorant (willfully or not) regarding this risk. 

    Their conclusion? The world is woefully unprepared for the Minsky moment headed its way.

    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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  • Podcast

    FerFAL: Understanding Societal Collapse

    Warnings we should heed from Venezuela's crisis
    by Adam Taggart

    Sunday, May 22, 2016, 5:18 PM


    As we write about the risks of our over-indebted economy, of our unsustainable fossil fuel-dependent energy policies, and our accelerating depletion of key resources, it's not a far leap to start worrying about the potential for a coming degradation of our modern lifestyle — or even the possibility of full-blown societal collapse.

    Sadly, collapse is not just a theoretical worry for a growing number of people around the world. They're living within it right now.

    This week, we catch up with Fernando "FerFAL" Aguirre, who began blogging during the hyperinflationary destruction of Argentina’s economy in 2001 and has since dedicated his professional career to educating the public about his experiences and observations of its lingering aftermath. Given his first-hand experience with living through, and eventually escaping, economic collapse in South America, we asked him to offer his insider's perspective on the current crisis in Venezuela, as well as the devolving situation in Brazil.

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  • Blog

    2014 Year in Review

    The year we piled up risks like a global game of Tetris
    by David Collum

    Friday, December 19, 2014, 4:27 PM


    I have not seen a year in which so many risks—some truly existential—piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. Groping for a metaphor—I love metaphors and similes—I feel like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows.

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  • Insider

    Darkening Skies

    Market threats are multiplying
    by Adam Taggart

    Wednesday, July 30, 2014, 11:31 PM


    Chris is busy finishing up a meaty report on the accelerating friction between the West and Russia, so I'm stepping in to make some quick notes on today's meaningful developments.

    As PP.com readers know, we've been cautioning about a serious market correction for a long time. Valuations have been so far divorced from fundamentals for so long that we are frighteningly overdue for a drop — likely a large one — in asset prices.

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  • Podcast

    FerFAL: Here’s What It Looks Like When Your Country’s Economy Collapses

    Argentina is showing us the playbook in real-time
    by Adam Taggart

    Saturday, February 8, 2014, 7:36 PM


    Argentina is a country re-entering crisis territory it knows too well. The country has defaulted on its sovereign debt three times in the past 32 years, and looks poised to do so again soon.

    Its currency, the peso, devalued by more than 20% in January alone. Inflation is currently running at 25%. Argentina's budget deficit is exploding and, based on credit default swap rates, the market is placing an 85% chance of a sovereign default within the next five years.

    Want to know what it's like living through a currency collapse? Argentina is providing us with a real-time window.

    So, we've invited Fernando "FerFAL" Aquirre back onto the program to provide commentary on the events on the ground there. What is life like right now for the average Argentinian?

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  • Insider
    Racheal Grazias/Shutterstock

    Off the Cuff: Down From Here?

    Odds are the market top is behind us
    by Adam Taggart

    Thursday, February 6, 2014, 3:24 AM


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

    • Down From Here?
      • Odds are the market top is behind us
    • Lack of Fear
      • Despite the evidence, too much investor optimism remains
    • Why the Fed Cares More About Growth Than Consumers
      • Because the banks can't function without it
    • Europe on the Verge
      • Expect the big players to fail this time
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  • Insider

    Is This It?

    Global market weakness is now quickly escalating
    by Chris Martenson

    Friday, January 24, 2014, 3:59 PM


    Is this it?  Are we seeing signs that after a very long period of Fed inspired insanity, et al. (courtesy of folks who lack any imagination beyond sustaining the unsustainable), are we finally entering a long-awaited financial correction?

    Using our ‘outside in’ methodology, there’s lots to suggest we are entering such a phase.

    All is not well on the periphery, with weaker economies now flashing serious warning signs in their bond and currency markets. It's enough that it’s time to…

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  • What Should I Do?
    Argentina Street Riots

    Preparing for Economic Collapse

    Learning from the past – a personal account
    by FerFAL

    Tuesday, May 21, 2013, 7:14 PM


    We bring back to the forefront an article from contributor Fernando "FerFAL" Aguirre. With the many new sources of turbulence in the financial system and many new unknowns of how our predicaments will play out, we can always look to the past for guidance. The following is an account from a long time Peak Prosperity member who has lived through economic collapse. FerFAL experienced the hyperinflationary destruction of Argentina's economy in 2001 and continues to blog about his experiences and observations of its lingering aftermath. His website and his book Surviving the Economic Collapse offer windows into the probable outcomes to expect during a collapsing economy. Note: Our site's What Should I Do? Guide offers specific guidance relevant to a number of the steps FerFAL recommends below. Review, Learn, and Get Prepared.  Better a year early than a day late. 

    How can I prepare for an economic collapse? is one of the most common questions I get. It usually takes me a second to start to explain how complex such a question is. It’s like asking an auto mechanic, Say, how do you build a car? or asking a computer engineer, What’s all that stuff inside my laptop?

    I do have some first-hand experience in this matter, though. The economy in my country, Argentina, has gone through various crises, but none as large as when the economy collapsed in 2001 after a decade of apparent prosperity. The currency devaluated, and Argentina defaulted on its USD$132 billion debt, the largest default ever. The middle class took to the streets after bank accounts were frozen, and the president was forced to resign, escaping the presidential building in a helicopter.

    What I’ll do is provide five quick foundational steps, based on what I know, for you to follow so as to be better prepared if something like what happened in my country ever happens in yours.


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