Tag Archives: Economy

• How Do You Know If You’re Living Through the Death of an Empire?
• SEC Raises Bar for Shareholder Resolutions
• Stakeholder Capitalism Gets a Report Card. It’s Not Good.
• At Pentagon, Fears Grow That Trump Will Pull Military Into Election Unrest
• ‘There will be an orderly transition’: McConnell dismisses Trump’s refusal to commit to peaceful transfer
• We Aren’t Nationally Mourning The 200,000 COVID-19 Victims Because If We Did It Would Be A Reckoning
• Among people of color asked to join Covid-19 vaccine trials, worries about inequities run deep
• Comparative experimental evidence on compliance with social distancing during the COVID-19 pandemic
• Here’s How the Pandemic Finally Ends
• Bezos breaks his climate pledge
• Why dangerous ‘forever chemicals’ are allowed in US drinking water

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The year 1971 saw the trajectories of nearly every major trend relative to our way of life shift massively.

This week’s guest experts, Ben Prentice and Collin, founders of WTFHappenedIn1971.com, explain how virtually all of these changes are a direct or indirect result of the monetary system “breaking” that year with the Nixon Shock and the end of the Bretton Woods System.

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• Judge says 2020 census must continue for another month
• Johnson & Johnson’s Vaccine Advances, Sparking Optimism in Race
• Coronavirus patient Richard Misior leaves hospital COVID-19 ward after six months
• France doubles paid paternity leave to 28 days
• A therapeutic non-self-reactive SARS-CoV-2 antibody protects from lung pathology in a COVID-19 hamster model
• See It: MTA Workers Build Illegal ‘Man Cave’ In Grand Central Terminal; ‘Few Would Have The Chutzpah’
• Insight Investment Astronomy Photographer of the Year 2020 winners
• What is ‘friluftsliv’? How an idea of outdoor living could help us this winter

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• How International Banks Pushed Venezuela To The Brink Of Bankruptcy
• Ex-Louisville police Officer Brett Hankison charged with wanton endangerment in Breonna Taylor case
• 2 Louisville officers shot amid Breonna Taylor protests
• China’s US dollar debt defaults climb as coronavirus, US tensions hit firms’ bottom lines
• The Election That Could Break America
• Protesters clash with police in Belarus after Lukashenko sworn in again
• The FBI Has Arrested Two New York Antiquities Dealers for Falsifying Ownership Histories Using Dead Collectors’ Names
• Johnson & Johnson’s coronavirus vaccine is fourth to begin Phase 3 trials in the United States
• Operation Warp Speed advisers held investments in COVID vaccine firms, records show
• Covid-19: What it’s like getting a ‘weak positive’ test result for coronavirus
• Global Climate Groups Issue Guidance To Finance Giants on Aligning with Paris Agreement Goals

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• U.S. reaches 200,000 coronavirus deaths
• FinCEN: Why gold in your phone could be funding drug gangs
• N.Y.P.D. Officer Is Accused of Spying on Tibetans for China
• Louisville under state of emergency as city braces for Breonna Taylor decision
• He fought wildfires while imprisoned. California reported him to Ice for deportation
• North Carolina Nurses Win Union In Landslide After Bitter Opposition
• Pentagon used taxpayer money meant for masks and swabs to make jet engine parts and body armor
• Dr. Malcom Kendrick: More COVID19 news from Sweden
• The Public-Shaming Pandemic
• Thanks to anti-COVID efforts, expert says South Africa “didn’t have a flu season this year”
• ‘Zombie’ storm Paulette regains some strength, adding to weird 2020 weather

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Writer, philosopher and long-time contributor to PeakProsperity.com, Charles Hugh Smith, returns to the podcast to explain the new socio-economic model he has just introduced to the world through his new book A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet.

The main mission behind Peak Prosperity is to focus on new, more regenerative and sustainable models that will better serve humanity than the old models which are currently falling apart. Charles posits a new way of living that is a) achievable with existing resources and technology, and b) much more equitable and resistant to abuse.

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• Here’s How The Supreme Court Will Function With Eight Justices Leading Up To The Election
• Buzzfeed: The Fincen Files
• Keith Payne: The psychology of inequality and political division
• The Bill For America’s $50 Trillion Gluttony Of Inequality Is Overdue
• $2.50 a Year in Interest? That’s What $5,000 in Savings Gets
• 1920: The Crash That Cured Itself
• Bitcoin & The Tragedy Of Monopolized Fiat Money
• Strategic Culture: Kennedy’s U.S.-Russia Joint Space Vision Must Be Revived
• Covid-19’s long shadow: ‘The light at the end of the tunnel just isn’t there’
• ‘It didn’t have to be this way’: Nurses describe brutal toll of treating coronavirus patients in America
• Housekeepers Face a Disaster Generations in the Making
• ProPublica: What the Photos of Wildfires and Smoke Don’t Show You
• Earth Observatory: Record Flooding In Sudan
• Opinion: Neonicotinoids pose undocumented threats to food webs

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• US billionaires’ wealth grew by $845 billion during the first six months of the pandemic
• Ranked: The World’s Richest Families in 2020
• Army National Guard major told Congress feds requested heat ray and stockpiled ammunition before clearing DC protest
• Charles Hugh Smith: This Is Why Inflation Will Rip Everyone’s Face Off
• Mises Institute: Inflation as a Tool of the Radical Left
• ‘There’s not a comparable year’: Homicides are up 52% in Chicago amid COVID-19, with majority involving people of color
• Murders Have Soared While Other Violent Crime Declined, FBI Finds
• A Progressive Prosecutor Faces Off With Portland’s Aggressive Police
• Armed Oregon Residents Set Up Roadblocks After Fire Was Ignited Intentionally, Police Say
• C.D.C. Testing Guidance Was Published Against Scientists’ Objections
• US reinfection case raises question: how long does Covid immunity last?
• What BP Got Wrong About Global Oil Demand
• Why There Are So Many Wildfires in California, but Few in the Southeastern United States
• New studies confirm weakening of the Gulf Stream circulation (AMOC)
• UPDATE: Toxic ‘Forever Chemicals’ Likely Contaminate More Than 700 Military Sites

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We’re entering a period of time when the major systems that have supported humanity are going to fail.

Or, put more accurately: they are already failing.

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When asked what the biggest risks facing the economy are, David Stockman, lifelong Capital Hill and Wall Street insider, says “That’s easy. There are three: The Fed, The Fed and the Fed.”

After decades of misguided policy and chronically missing its targets, Stockman thinks the Federal Reserve is truly barreling off the rails now, hurtling our market economy towards disaster.

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