money

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Off The Cuff: Why Does Our Society Refuse To Learn From Its Past Mistakes?

Our self-delusion is courting disaster
Friday, September 21, 2018, 12:30 AM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Our Inability To Learn From The Past
    • Society is much less resilient because we keep making the same mistakes
  • The Litany Of Potential Future Calamaties
    • There's a growing risk too many will arrive at the same time
  • Currency Crises All Over The Globe
    • When will they start taking the dollar and Euro down with them?
  • The State Of Cryptocurrencies
    • Down nearly 80% since December. Where to next?

Recorded last week as Hurricane Florence was just arriving at the North Carolina shore, John and Chris noted how our chronic vulnerability to hurricanes and our inability to change our real estate development approach in light of them is symbolic of our society's self-imposed courting of disaster.

We could learn our lessons from the disasters we suffer, and adopt better behaviors afterwards. But we don't. We prefer to self-delude with magical thoughts that, despite the latest insult, we'll be spared in the future.

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. » Read more

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Dreamstime

Bad Money

Our debt-based fiat money system poses an existential threat
Friday, September 14, 2018, 6:51 PM

We’re all going to have to be a lot more resilient in the future.  The long emergency, as Jim Kunstler put it, is now upon us.  It comes from every direction, and the trick is going to be remaining alert, oriented and positive.

If ever there was a wake-up call from the natural world it was this year’s weather events combined with the storms from last year.  » Read more

Featured Discussion

A $Trillion Just Ain't What It Used To Be

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A $Trillion Just Ain't What It Used To Be

A new visualization of where the world's $trillions are these days

Blog

We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History

And how do things usually work out for the rat?
Friday, August 17, 2018, 7:10 PM

This global flood of freshly-printed 'thin air' money has no parallel in the historical records. All around the world, each of us is part of a grand experiment being conducted without the benefits of either prior experience or controls. Its outcome will be binary: either super-great or spectacularly awful.

If the former, then no worries. We'll just continue to borrow and spend in ever-greater amounts -- forever. Perpetual prosperity for everyone!

But if things hit a breaking point, then you had better be prepared for some truly bad times. » Read more

Podcast

Ronald Stoeferle: Gold Is Dirt Cheap Right Now

And a new bull market for the metal is beginning
Tuesday, June 12, 2018, 11:38 AM

Fresh from releasing his exhaustive 230-page annual report titled In Gold We Trust, Ronald Stoerferle joins us to summarize his forecast for the yellow metal.

Stoerferle, an author of several books on Austrian economics and head of strategy and portofolio management at Incrementum AG, concludes that gold is extremely cheap right now in dollar terms. And he sees a new bull market beginning for the precious metal -- one likely to quickly build momentum as the next (and long overdue) financial market correction arrives. » Read more

Insider

theleap.mishcon.com

The 4 Essential Practices To Adopt Right Now

These only have value if put in place before crisis arrives
Friday, May 11, 2018, 10:14 PM

Executive Summary

  • Why aligning your Knowing, Doing and Being is key to a resilient future
  • Key takeaways from the recent 3-day annual PP seminar
  • The importance of taking action in advance of crisis
  • The 4 essential regenerative practices to start adopting right now

If you have not yet read Part 1: Time To Choose, available free to all readers, please click here to read it first.

I usually shy away from being overly directive, preferring to arm folks with information and then let each reader figure out what to prioritize given their specific personal situation. The only exception to this is when I send out an Alert in response to a spiking threat level -- when I'm personally taking action such as making major changes to my investmen portfolio, topping off my car's gas tanks, pulling more cash from the bank, etc.

But the recent Peak Prosperity seminar that just took place in Sebastopol CA from May 4-6, 2018 was a fantastic showcase of 'regenerative' options, many of which make sense for everyone.

In particular, there were four that stood out for me as essential to anyone concerned about the future who wants to protect their well-being and be part of the solution society needs.

These steps are implementable and realistic for nearly everyone. And their benefits far outweigh the efforts to put them in place.

So what are they?

Let's start with... » Read more

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kienyke.com

Time To Choose

Will you be an agent of depletion or regeneration?
Friday, May 11, 2018, 10:13 PM

There’s a vast revolution underway. And it’s time to pick sides.

Your choice couldn't be more critically important. Quite possibly, the entire fate of the human species hangs in the balance.

It's time to decide: Will you be an agent of depletion or regeneration? » Read more

Podcast

Nomi Prins: Collusion!

How central bankers rigged the world
Tuesday, May 8, 2018, 4:19 PM

Nomi Prins, Wall Street veteran turned financial industry reformist returns to the podcast this week to explain the findings within her new book Collusion: How Central Bankers Rigged The World.

Nomi has put together a timeline of exactly when and how the central banks have plundered the wealth of the masses since 2008, either directly or indirectly through the loss of purchasing power of the currencies they control. » Read more

Blog

The End Of Our Empire Approaches

History is clear on where we're headed
Friday, April 27, 2018, 8:01 PM

Do you have the nagging sense that our empire is in decline?

If so, don't be embarrassed by it. Historically speaking, we’re in very good company.  Far larger and longer-lived empires than ours have come and gone over the millennia. » Read more

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6 Essential Strategies For Prospering Through The Next Crisis

Be one of the few positioned to prosper when crisis hits
Friday, April 6, 2018, 11:32 PM

Executive Summary

  • The trends that have driven the past 10 years are now ending/over. Ride their reversal wisely.
  • Crisis can destroy or magnify your prospects. Your decisions today will control which outcome you experience.
  • In many cases, you need to do the opposite of what the 'herd' is doing
  • The 6 essential strategies for prospering through the next crisis

If you have not yet read Part 1: This Is The Turning Point, available free to all readers, please click here to read it first.

Strategies For Prospering Through The Next Crisis

Those with the open-mindedness, courage and optimism to adapt in time will be far less impacted -- and indeed, will have much better odds of coming through this transition the better for it. Amazing opportunities will arise during this time to increase all aspects of your wealth (yes, money -- but also in all the other important Forms Of Capital, too).

Don’t count on currency “money” retaining its purchasing power. 

States (governments) always follow the same pathway: when financial promises can’t be kept, states debauch/devalue their currencies as a politically expedient short-term solution.

But alas, just like central bank stimulus, the short-term expediency becomes the permanent policy, and the unintended consequences start piling up, for example, a loss of trust in the state’s currency.

I see Venezuela’s destruction of its currency as the canary in the coalmine. The first canaries to drop lifeless from their perch will be non-reserve currencies.  Then the weakest of the reserve currencies will be over-issued (via credit rather than actual money-printing) and then even the mightiest will collapse.

Many people reckon the US dollar (USD) is the weakest, and perhaps they’ll be right, but I think the Chinese yuan (RMB), Japanese yen and EU euro will lose purchasing power first.

The RMB isn’t actually a “real currency,” it’s simply a derivative of the USD via the official peg. As for becoming gold-backed, please examine any chart of Chinese debt issuance (all of which is currency) and then compare that to... » Read more