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Tag Archives: Chris Martenson’s Blog

  • Blog

    Introducing Peak Prosperity

    by Adam Taggart

    Sunday, June 17, 2012, 10:59 AM

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    Welcome to Peak Prosperity!

    After more than a year of planning and hard work, we're thrilled to share this new site with you.

    What We Focused On

    Our principal goals for Peak Prosperity are to offer a better user experience than ChrisMartenson.com (our recently-retired previous site — may it rest in peace, *sniff*), and to introduce solutions for the needs most-frequently voiced by our readers for over the years.

    We gave priority to on the following benefits when building this site:

    • make it more intuitive to navigate & find what you're looking for
    • improve our ability to deliver more content, more frequently to our readers
    • clarify our brand, our positive vision, and what we stand for
    • better empower resiliency-building at the personal and community level
    • improve site performance, stability & reliability

    What To Look For

    As you start to use the new site, keep your eye out for the following enhancements:

    • New brand – we chose Peak Prosperity and its supporting tagline and logo in order to be much more overt that, despite the warnings within the Crash Course, our mission is one of purposeful optimism and gain for those willing to take control of their future. The core message is: ""Even in the era of Peak Everthing, you CAN prosper"". It just involves assuming responsibility for your destiny, as well as expanding your definition of what ""prosperity"" means beyond simply the number of dollars in your bank account.
    • New look & feel – the design of the site sought to combine the best practices of website usability with a clean, appealing look. The layout is much more inituitive, much cleaner and less cluttered. And the friendly, calming color scheme complements well the postive message at the heart of our brand.
    • More visible content – if you look at the front page of Peak Prosperity, you'll see 9 headlines before having to scroll down the page. That's 8 more headlines than were visible when landing on ChrisMartenson.com! We also make it much easier to know which content is available to everyone, and which is only availble to our enrolled users (enrolled content has a diffentiated golden color scheme, as well as ""$"" icons and sashes associated with it).
    • Easier-to-read content – we've added design changes as well as introduced new tools that make the article content we do have easier to read. For instance, you can now easily increase or decrease the font size of any article you're reading. It's also simple to print out a ""printer-friendly"" version of the article for reading when away from your computer.
    • Enhanced Comments – the most notable change here is the new ability to vote on comments that you like. We then surface the highest-rated ones as ""Popular Comments"", so can easily find the day's best gems of wisdom. We've also dramatically increased the number of comments per page, so you're not having to continuously click to new pages to follow the conversation on a post or forum.
    • Dedicated Section to Resiliency Building – our new Resilient Life section is accessed by clicking the ""Prepare"" tab in the site header. That brings you to a home screen for all our resiliency content and resources. Some of those reasoures, like the What Should I Do? series, are familiar to you. But a number of important ones are new:
      • Groups – Groups allow you to (finally!) easily located other like-minded individuals in your area to collaborate with. And they also let you connect with others around a specific topic, passion or skill. Watch the brief tour of Groups in Video #3 below.
      • Wikis – our new wikis are primers that contain the collective knowledge of the Peak Prosperity community on many of the most important topics related to buidling personal resiliency. Video #3 below also gives you a brief tour of the Wikis.
      • Daily Prep – similar to the Daily Digest, it's a compendium of resiliency-related headlines that catch our attention each day.
    • Locating users by expertise – looking for a seasoned gardiner to bounce a question off of? Would you love to check with a car-maintenace junkie before sending your car into the shop? You user account now let's you identify any expertise or skills you're willing to let the community know you have. We'll soon allow you to search users by expertise, so you can find expert minds to tap when the need arises.
    • Better site search – many of you will be relieved to hear we've updated the horsepower behind our site search. Now, you'll actually get results relevant to what you're looking for.
    • Better spam protection – we've put in new security measures that should foil most spam posters attacking the site. The tradeoff here is, you will occaisionally find yourself prompted to prove you're a human when submitting a comment to the site. It shouldn't be an inconvenience outweighing the benefit of freedom from spam, but let us know if you find you disagree.
    • More social media options – we've added Google+ to our portfolio of ways to follow us via social media. You'll now find Google+ and LinkedIn 'share' buttons at the top of every article, along with Facebook and Twitter. Our popular YouTube channel is getting a makeover as well.
    • Warmly welcoming new users to the site – for those interested in referring people to this site, we've created a nice onboarding experience for those new to Peak Prosperity. If you're logged out, just look for the tab in the upper right corner of the site that says ""New user? Start here"". If you're already logged in, you can access it by clicking here.

    How To Use The New Site

    If you haven't watched them already, spend a few minutes watching these overviews of the new site.

    Peak Prosperity

     

     

    Resilient Life

     

     

    Groups & Wikis

     

     

    What You Should Do Right Now

    If you have a few moments, here's what you should do right now (provided you're interested, of course):

    • Visit Groups and search for a local group in your area. If one exisits, join it. If not, create one yourself for others in your area to join
    • Update your Peak Prosperity user account with any skills you care to share
      • go to your user account and click on the ""Personal Information"" tab 

    Thanking Those Behind the Curtain

    Finally, we'd like to thank those who made this site possible.

    With deep appreciation, we'd like to acknowledge the professional talent involved in designing and building this site — namely the Shimshock Group, Ann Stringer Design, and Ward Hooper. In particular, we're grateful for the expertise, perseverance, and patience (!) of Ron Shimshock which were critical in making our vision reality.

    They are all looking forward to some well-deserved sleep now that this site is live. A few more minutes and I'll join them..

    We hope you find this new site as useful as we intend it to be. We're sure there are likely to be some kinks to work out, so please be liberal with your feedback. We've place a blue Feedback link at the left of every page — so if you have a thought to share or see something not working the way it should, please use it to give us a heads up.

    Chris and I and the rest of the Peak Prosperity team are very excited about where — in partnership with you, our members — we'll be able to go with this new site. It's certainly going to be a big asset to our misson of helping to create a future worth inheriting.

    Onward!

    Adam

    "

    Read More »

  • Blog

    The New Site is (Finally!) Here

    by Adam Taggart

    Monday, June 11, 2012, 3:12 PM

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    At long last, the new site is ready for launch!

    We’re very proud and excited about it. There’s a lot to bring you up to speed on, so let’s dive right in.

    First: while we migrate over to the new site over the next several days, this ChrisMartenson.com site will be frozen in “read only” mode — meaning you won’t be able to post comments to articles or Forum threads, or purchase an enrollment. 

    The migration process should take 2-3 days. Once it’s completed, the new site will replace this one. We’re hoping everything is up and running by Friday (but you never know how complicated switchovers like this will go, so please keep your fingers crossed!).

    Second: here’s what WON’T be changing with the new site — all of the past ChrisMartenson.com content will be available on the new site. All of the articles, comments, guides, Forum threads, etc on the site today will still readily be found after we make the site switchover. 

    You should look at this new site as keeping all of the things you like about ChrisMartenson.com, AND adding a bunch of new improvements and features to make the experience even better.

    Third: so what should you expect from the new site?

    Read More »

  • Blog

    Steve Keen: Why 2012 is Shaping Up to be a Particularly Ugly Year

    by Adam Taggart

    Saturday, June 9, 2012, 3:59 PM

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    At the high level, our global economic plight is quite simple to understand says noted Australian deflationist Steve Keen.

    Banks began lending money at a faster rate than the global economy grew, and we’re now at the turning point where we simply have run out of new borrowers for the ever-growing debt the system has become addicted to.

    Once borrowers start eschewing rather than seeking debt, asset prices begin to fall — which in turn makes these same people want to liquidate their holdings, which puts further downward pressure on asset prices:

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  • Blog

    When Will Reality Intrude and the Stock Market Hit Bottom? Part 1

    by charleshughsmith

    Friday, June 8, 2012, 4:05 PM

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    If we pursue the line of inquiry established by Chris Martenson’s recent call to “Buckle Up–Market Breakdown in Progress,” we come to these basic questions: when will the market reflect the fundamental weakness of the global economy, and when will the market finally hit bottom?

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  • Blog

    The Pernicious Dynamics of Debt, Deleveraging, and Deflation

    by charleshughsmith

    Tuesday, June 5, 2012, 6:27 PM

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    At this moment, the news media is constantly clamoring about the “Three Ds” that are buffeting the markets: debt, deleveraging, and deflation. We intuitively sense that they’re linked — but how, exactly?

    Understanding this linking is critical; as debt has fueled the global expansion, it will also dominate its contraction.

    Debt and Deleveraging

    To illustrate the forces of debt and deleveraging, let’s consider a home mortgage.

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  • Blog

    Attending to Your Financial Resiliency

    by Adam Taggart

    Saturday, June 2, 2012, 5:19 AM

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    It’s been a frenetic couple of weeks.

    Amidst the deterioration in Europe and the growing weakness in the US markets, in mid-May Chris issued the warning Get Ready: We’re About to Have Another 2008-Style Crisis. Downside momentum has built since then, leading him to release a rare call to buy gold last week (which has since proved prescient in the immediate term) as well as a more-pointed report today to our enrolled members: Buckle Up – Market Breakdown In Progress.

    It’s times of heightened uncertainty like this where dislocating change has the potential to occur swiftly and sharply. Often events move much faster than people’s ability to react appropriately to them. We’ve been recommending a defensive posture for investors for a long time now, but it’s critical to adopt that position before the big market swings occur.

    If you are going to keep money in the financial markets (stocks, bonds, etc.), you need to honestly ask yourself if you have the expertise and the bandwidth to intelligently and actively manage your investments throughout a coming period of potentially gut-wrenching volatility and uncertainty. If you know you don’t or are uncertain, we can’t stress enough the importance of working with a good financial advisor who will design and steward a prudent, risk-managed portfolio for you.

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  • Blog

    Jorgen Randers: Our Species’ Biggest Risk is Our Lack of Coherent Long-Term Decision Making

    by Adam Taggart

    Monday, May 28, 2012, 7:05 PM

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    Forty years ago, a group of researchers at MIT ran a study to address the question of how humans would adapt to the physical limitations of a finite planet. That study became the book Limits to Growth.

    It should have been a starting point for a critical discussion at the national — or even global — level. It could have led to the birthing of many practical and then-implementable initiatives that mighthave brought our unsustainable demographic, industrial and consumptive behavior under better control. But sadly, the book instead became a lightning rod for controversy. And decades later, the issues it warned of loom larger than ever.

    In this interview, Chris discusses our collective failure to act on this book’s message with Jorgen Randers, one of the authors of Limits to Growth and Limits to Growth: The 30-Year Update as well as a new book, 2052: A Global Forecast for the Next Forty Years.

    While there are some differences in opinion between Jorgen and Chris, particularly on the acuteness of our resource predicament, both agree that continuing to pursue the status quo will result in a poorer quality of life for most of the world’s denizens. We increasingly appear to be facing a future shaped either by design or disaster, and unless we actively decide to intelligently change our behavior, the latter outcome will prevail.

    Read More »

  • Blog

    What Should I Be Doing Now?

    by Adam Taggart

    Thursday, May 24, 2012, 7:09 PM

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    Uncertainty and anxiety have returned to the financial markets. Gold is down 18% from its high last year, and silver down over 40%. Europe is a powder keg and Greece a smoldering fuse. An Asian slowdown is happening in real-time before our eyes. Energy prices remain stubbornly elevated. Dangerously high unemployment persists in many countries and consumer confidence is again on the wane. Housing prices show no signs of rebounding anytime soon. Budget woes are accelerating at both the federal and state level. The cost of key essentials for living (food, fuel, medical care) and taxes relentlessly march upwards.

    In the midst of all this, we’re hearing many longtime readers ask: What should I be doing now?

    The short answer is: making the most of the time you have today, putting into action your prioritized plans to increase the resiliency of yourself, your family and community.

    This is the focus of our last weekend seminar of 2012, which will be held a month from now, from June 29-July 1.

    If you don’t yet have your plan together, or could use some help in re-grounding yourself on what steps to take and how to prioritize them, you should really consider this opportunity.

    Read More »

  • Blog

    OPEC Has Lost the Power to Lower the Price of Oil

    by Gregor Macdonald

    Tuesday, May 22, 2012, 3:39 PM

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    There’s been a lot of excitement in the past year over the rise of North American oil production and the promise of increased oil production across the whole of the Americas in the years to come. National security experts and other geo-political observers have waxed poetic at the thought of this emerging, hemispheric strength in energy supply.

    What’s less discussed, however, is the negligible effect this supply swing is having on lowering the price of oil, due to the fact that, combined with OPEC production, aggregate global production remains mostly flat. 

    But there’s another component to this new belief in the changing global landscape for oil: the dawning awareness that OPEC’s power has finally gone into decline. You can read the celebration of OPEC’s waning in power in practically every publication from Foreign Policy to various political blogs and op-eds. David Ignatius of the Washington Post wrapped up nearly all of the recent claims in a nice bundle in his May 4, 2012 piece, An Economic Boom Ahead?, when he quoted PFC Energy’s David West:

    “This is the energy equivalent of the Berlin Wall coming down,” contends West. “Just as the trauma of the Cold War ended in Berlin, so the trauma of the 1973 oil embargo is ending now.” The geopolitical implications of this change are striking: “We will no longer rely on the Middle East, or compete with such nations as China or India for resources.”

    (Source)

    While it’s true that the Americas hold great promise to convert natural gas resources to higher production levels, that is not the case with oil. The celebration of a geo-political swing in energy power therefore misses a crucial point: No region — from OPEC to Non-OPEC, from Africa to Russia — has the single-handed ability to lower the price of oil now, because none can bring on new supply quickly enough for a long-enough sustained period of time.

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  • Blog

    Alasdair Macleod: All Roads in Europe Lead to Gold

    by Adam Taggart

    Saturday, May 19, 2012, 11:50 PM

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    This week we bring back Alasdair Macleod, publisher of FinanceAndEconomics.org, because, as he puts it, “every horror that we discussed last time we spoke is coming about.” This is especially scary since our previous conversation with Alasdair was less than three weeks ago…

    Today’s interview continues building on his excellent synopsis from last month that detailed the origins of the Eurozone crisis. The fundamental shortcomings warned of at the euro’s creation in 1997, combined with the excessive sovereign debts run up since then, have finally expressed themselves at a scale too large to be contained any longer.

    Today, Alasdair details in depth the huge and serious challenges facing Greece and the major Eurozone countries and the likely impacts of the fast-dwindling options left remaining.

    He sees no happy ending to this story, no outcome in which serious pain and permanent behavior change can be avoided. And for those looking for shelter from the unfolding economic storm, he sees few options besides the precious metals (which he believes are severely underpriced at the moment): 

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