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Tag Archives: Insider

  • Insider
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    Facing Reality

    Only those willing to see things as they are will prosper
    by Chris Martenson

    Friday, January 25, 2019, 6:19 PM

    28

    Executive Summary

    • We are fighting (i.e. losing against) exponential functions on multiple fronts
    • Social unrest (e.g. Yellow Vests) is a spreading symptom that collapse is accelerating
    • Which path will collapse take?
    • Preparing for the future of “Less”

    If you have not yet read Part 1: Collapse Is Already Here, available free to all readers, please click here to read it first.

    The reason I write and speak and sometimes travel to talk about The Three E’s – the Economy, energy and Environment – is because I hope to reach those who are ready to listen…and to then act.

    Typically, I find that I am reaching people with a certain level of economic and professional success in their lives (many doctors, engineers, architects and lawyers in my audience) and who have the entirely-too-rare ability to face difficult information square on.

    One of the more important principles concerns exponential growth, which has a nasty habit of speeding up towards the end.  Those numerate among us grasp the serious implications of exponential growth quickly and easily. The rest of us have to work a lot harder to understand, which is why most of the masses never do.

    In the world of finance, exponential (or parabolic) growth always ends badly for the last investors in. Just ask those who bought into dot-Com stocks or Bitcoin near the highs.

    However, where any of today's inflated prices go from here is not subject to traditional analysis.  Everything depends on the actions that the central banks will take from here.  Will they print more?  Undoubtedly. 

    How much more suppression of the price of gold will the authorities demand?  As much as necessary to keep unwanted attention off of their policy errors.

    Looks, what I’ve learned from investing is(…)

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  • Insider
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    Off The Cuff: The People Are Rising Up Against The Elites

    The working classes have hit their breaking point
    by Adam Taggart

    Friday, January 25, 2019, 8:12 AM

    7

    In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

    • Class Warfare
      • Growing tenions between the rural/worker vs urban/financier classes
    • Why The Yellow Vest Movement Matters
      • It represents a populist anger brewing around the world
    • Financialization & Globalization Are The Disease
      • They give the elites tremendous advantage over everyone else
    • The Empire Is Striking Back
      • The global establishment is squashing unrest by every means it has

    Chris continues to track the Yellow Vest protests across France Europe because it's representative of a populist ire festering around the globe. Decades of financialization and globalization have created a parasitic elite class that is bleeding the working classes dry.

    France is emerging as ground zero for a rebellion against those elites. And the Establishment Empire is doing all it can to suppress the movement before it catches fire in other countries, as it is already threatening to elsewhere in Europe. How soon until we see folks don their own yelow vest in the US, UK, Canada and Australia?

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

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  • Insider

    Off The Cuff: The Flip-Flop Fed

    Powell suddenly starts singing a dovish tune
    by Adam Taggart

    Thursday, January 17, 2019, 6:01 PM

    11

    In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

    • The Fed's Flip-Flop
      • Powell suddenly starts signing a dovish tune
    • Which Risks Are The Ones Most Worth Watching
      • Not all risks are created equal
    • Corp Profits vs Wage Inflation
      • Why does the Fed value one and hate the other?
    • Outlook For Gold
      • Looking better and better

    Our resident Fed expert, Axel Merk, does his best to interpret the abrupt capitulation Jerome Powell has recently demonstrated.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

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  • Insider

    Off The Cuff: A Matter Of Desperation

    The Powers That Be are out of options that work
    by Adam Taggart

    Thursday, January 17, 2019, 9:23 AM

    24

    In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:

    • Zig-Zag Markets
      • There's a war going to keep prices propped up
    • A Matter Of Desperation
      • The central planners are out of tricks
    • The Masses Are Getting Angry
      • And are turning their ire on those in control
    • Our Broken Political System
      • Furiously focusing on all the wrong issues

    Jim Kunstler returns to share his views on what's ahead in 2019. Like Peak Prosperity, he sees the coming year as one when the forces of reality start to re-exert themselves after a decade of magical thinking.

    Those in control of the system have juiced it as hard as they could for as long as they could, and now the limits to that 'extend-and-pretend' era are quickly becoming visible. And the bottom 99% is beginning to realize that not only was the “prosperity” of the post-GFC recovery largely fraudlent, but what there was of it went as spoils to the elites. Expect further social outrage like we're currently seeing in France to boil over into many other countries in the coming months.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

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  • Insider
    AFP

    France Yellow Vests Protests: Act IX

    Violence between the State and the People is escalating
    by Chris Martenson

    Tuesday, January 15, 2019, 5:26 AM

    52

    This past Saturday (1/12/19) more Yellow Vest protests in France broke out.  The protests always happen on Saturday, and because this was the ninth one it's being called “Act IX.”

    More violence occurred, and the police are becoming more and more draconian and brutal in their responses.  Many injuries have happened among the protestors, a lot of them quite serious. Tempers are fraying all around.

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  • Insider

    A Bust For The Ages

    Much less oil than expected = much less Everything
    by Chris Martenson

    Friday, January 11, 2019, 7:52 PM

    25

    Executive Summary

    • In short, we've been lied to about the production potential of America's shale wells
    • Huge decisions have been made based on the (faulty) assumptions we've swallowed
    • When it's finally clear than much less is going to be available (and at a higher price) all hell will break loose
    • The choices we make right now will determine how bad the reckoning will be

    If you have not yet read Part 1: The Shale Oil 'Revolution' Actually Reflects a Nation in Decline, available free to all readers, please click here to read it first.

    The reason I keep bringing us all back around to the energy situation is because it’s so critical to, well… Everything

    To make good decisions, you have to be armed with good information.  That’s not easy to find these days, especially in the US where we are saddled with a massive propaganda campaign when it comes to energy.

    It’s aim seems to be to convince everyone that there’s nothing to worry about. It's a near-constant barrage of these sorts of talking points and ideas:

    • The US is the new Saudi Arabia
    • The US is hitting new production records each month
    • The US is now a net exporter of oil for the first time in 75 years
    • Technology has improved so much that shale wells can now break even at $40/bbl oil prices.

    And so on.

    The problem with this sort of messaging is that the statements all need a couple of giant asterisks next to them, with some heavy explaining attached to add critical missing context.  They're misleading, at best. And collectively inaccurate.

    If you buy into these stories, you'll probably make the wrong choices.  When, not if, but when the US enters the next phase of the oil story, it will all be over.  There aren’t any new source rocks to go after. 

    I think we’re just a few years away from that decline phase, which means we don’t have a lot of time to prepare for what is certain to be an ugly period of adjustment. 

    As I wrote in Part I, the WSJ has finally managed to run some basic numbers and discover that the shale story has been over-hyped by the operators.  It’s quite a fascinating tale, one that we are quite familiar with at Peak Prosperity.

    These companies committed quite a few frauds along the way, each of which contributed to over-estimating how much oil (referred to in the industry as the “EUR”) that would come out of an average well, which include:

    • Claiming much lower than observed rates of decline (5% vs ~15%)
    • Using a tiny cluster of highly prolific wells to represent the entire play
    • Excluding really crappy wells entirely from the calculations for the “average”
    • Using ridiculously long estimates of well life (50 years when there are already wells tapped out after 10 years in some cases)

    These are way beyond simple analytical differences and amount to overt fraud.  Okay, fine, caveat emptor to the investors, right?

    Well, the problem here is that the US generally, and major corporations as well as individuals specifically, have bought the story hook-line and sinker and made big, long-term decisions based on these frauds.  Ford dropped selling sedans in North America to focus on selling trucks and SUVs, the US government rolled back plans on fuel standards, and individuals bought pickup trucks and/or SUVs under the theory that gasoline would always be cheap.

    At a minimum, you should not be invested in….

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  • Insider

    The 8 Systemic Failure Points Of The Global Economy

    The macroeconomic fault lines to monitor closely
    by charleshughsmith

    Friday, January 4, 2019, 7:06 PM

    22

    Executive Summary

    • The 8 Systemic Failure Points Of The Global Economy
    • Why The US May Weather The Next Collapse Better Than The Rest Of The World
    • The Fed's Long Game
    • Why Allowing Recession Now May Be A Policy Goal

    If you have not yet read Part 1: Is This Downturn a Repeat of 2008?, available free to all readers, please click here to read it first.

    In Part 1, we concluded the current global downturn isn’t a repeat of the 2008 global crisis; rather, it has characteristics of three types of recession: liquidity/currency mismatches, the popping of credit-asset bubbles and a business-cycle exhaustion of credit impulse, what I call a credit-demand exhaustion.

    Let’s add a potential fourth recessionary impulse: energy. Right now the world’s oil importers are feasting on a 40% decline in the cost of oil, but as Chris and other analysts (Gail Tverberg, Richard Heinberg, and Nate Hagens) have explained, we’re approaching a point where the cost of extracting, processing and distributing oil is rising as the cheap oil has been consumed.  Producers need high prices or they will stop producing. But consumers, the vast majority of whom have stagnant incomes, can’t afford high energy costs.  Beyond a rather low price point, higher energy costs trigger a recession.

    This may not be driving the current downturn, but it looms large in the background.  I see the current collapse in oil prices as a head-fake: the sharp drop makes it appear oil is abundant, but this abundance is temporary, not permanent.

    Moreover, we aren’t privy to the opinions and machinations within the world’s major central banks, but it’s clear that the U.S. Federal Reserve is diverging from other central banks, which remain accommodative while the Fed raises rates and reduces its balance sheet by $30 billion a month.

    Of the four primary central banks—the European Central Bank, the Bank of Japan, the Bank of China and the Fed—why is the Fed the one bank diverging from the other three, despite the appeals of the ECB to remain accommodative?

    I see several reasons, and the first is…

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  • Daily Digest
    Image by @gletham GIS, Flickr Creative Commons

    Daily Digest 12/28 – Good News Friday: Ozone Hole ‘Nearly Healed,’ 50 Years Since Earthrise

    by DailyDigest

    Friday, December 28, 2018, 4:34 PM

    0
    • Green Power Becomes Gold Dust for Europe's Utility Investors
    • Christmas Around the World 2018
    • NASA's New Horizons Probe Prepares To Make History—Again
    • All the Incredible Stuff Happening in Space in 2019
    • Photos: 50 Years Since Apollo 8 Showed Us Earthrise
    • Using molten salt to store electricity isn’t just for solar thermal plants 
    • Breathe easy, because the hole in the ozone is nearly fully healed.
    • Urban farms could be incredibly efficient—but aren’t yet
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  • Daily Digest
    Image by metaphoricalplatypus, Flickr Creative Commons

    Daily Digest 12/24 – The Great Barrier Reef’s Secret Weapon, Taking Suprise Medical Bills To Court

    by DailyDigest

    Monday, December 24, 2018, 3:36 PM

    1
    • After Shock: A Recession Is Coming
    • These Portraits Were Made by AI: None of These People Exist
    • Der Spiegel journalist messed with the wrong small town
    • Why Can't People Hear What Jordan Peterson Is Saying?
    • LA Doubled Homeless Budget, Doubled Homeless Crime
    • Taking Suprise Medical Bills To Court 
    • OPEC+ Deal Not Enough To Save The Oil Market
    • The Great Barrier Reef's Secret Climate Change Weapon Is This Switzerland-Sized Meadow of Seagrass
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  • Insider

    Off The Cuff: The Times Are A-Changin

    Trend changes are suddenly erupting all over
    by Adam Taggart

    Thursday, December 20, 2018, 5:36 PM

    36

    In this week's Off The Cuff podcast, Chris speaks on:

    • Reflections From Costa Rica
      • A reminder of what it means to be in Nature
    • The Public Is Hitting Its Limits For Oppression
      • France's Yellow Jacket protests are a sign of what's to come
    • Market Crash Alert
      • Things are getting weaker by the day
    • It's All About Power
      • The 1% will cling to their advantage as long as they can

    As Bob Dylan sang: The times, they are a changin'. From ecosystem collapse to social unrest in Europe, to faltering financial markets — change appears to be breaking out everywhere right now. A recent trip to the rainforests of Costa Rica has given Chris a little rest, rejuvenation and arm's-length perspective on things, which he shares in detail in this wide-ranging podcast

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

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