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Prepping on a Budget

Chris Martenson - 6 hours 5 min ago

A number of inexpensive and very useful preps to have for an emergency or just around the house for non-emergencies. 

http://www.outdoorlife.com/blogs/survivalist/prepping-budget-10-survival-items-everyone-can-afford

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Categories: Economics

How to Make Your Own Toothpaste

Chris Martenson - 8 hours 11 min ago

Dental care is a necessary part of your health and wellness. Being able to provide your own dental care is a great way to establish your self-sufficency and save your family money.

Below are some ideas on how you can make your own toothpastes or take care of your teeth in a disaster.

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Categories: Economics

National Co-op Month Kicks Off in October. Here's Why it Matters

Shareable Magazine - 11 hours 24 min ago

Photo: 2016 National Cooperative Month

Can you imagine a world where all businesses are owned and directly controlled by the people who depend on them for employment or essential goods and services? While we may not be living in that world today, cooperatives have already built such a reality for hundreds of millions of people across the globe. 

Categories: Economics

The Fuzzy Numbers Behind Initial Job Claims

Chris Martenson - 13 hours 6 min ago

"Fuzzy Numbers” is one of the most popular video chapters within The Crash Course. It explains many of the ways that government statisticians routinely distort economic truth, making things seem rosier than they are.

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Categories: Economics

Daily Digest 9/29 - QE Is "Here Forever," Why Garbagemen Should Earn More Than Bankers

Chris Martenson - 14 hours 48 min ago
  • QE is here forever, says Bank of England deputy governor
  • Joel Salatin: Getting Your Family to Pull Together On Preparedness
  • Owning Physical Gold Will Protect Your Wealth Against Disingenuous Acts Of Central Banks
  • Renovation boom underway, CMHC says, as empty nesters need more space for adult chicks
  • Why Garbagemen Should Earn More Than Bankers
  • Europe's banks 'not investable' says top banker amid Deutsche Bank crisis 
  • Trump Is The Symptom, Clinton Is The Disease
  • What Do Driverless Cars Really Mean For Transportation?
  • Are Bison More Environmentally Friendly Than Cattle?

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Categories: Economics

The Banquet Of Consequences Is Being Served

Chris Martenson - September 28, 2016 - 06:58

The Fed and its central banking brethren (most notably the European Central Bank, Bank of Japan, Bank of England and Bank of China), have decided to sacrifice investing for tomorrow (namely savings and productive enterprise) in favor of higher prices today for financial assets. By keeping interest rates historically low -- and increasingly negative -- around the world, they have pushed capital much farther out the risk curve than it deserves to be, added trillions of more debt into an already dangerously over-leveraged economy, and lavishly rewarded the rich elite at the expense of everyone else.

As Stevenson wrote, sooner or later, the banquet of consequences must be supped on. And for the Fed, the dinner bell is ringing.

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Categories: Economics

Daily Digest 9/28 - VT's Debt At $3.9B, Chicago Schools' Credit Rating Sinks Deeper

Chris Martenson - September 28, 2016 - 06:01
  • Wisconsin Cities Face Billions Of Dollars In Underfunded Retiree Benefits
  • Canada's lagging growth pressures policymakers to add stimulus
  • Moody's drops Chicago schools' credit rating deeper into junk
  • U.S. Commercial, Multifamily Mortgage Debt Hits $2.9 Trillion in Mid 2016
  • Accounting group puts Vermont’s debt at $3.9 billion
  • Emerging markets corp debt issuance hits $26 trillion in H1-survey
  • Carney Enters Corporate Bond Market in Post-Brexit Stimulus Push
  • ECB's Mario Draghi savaged by MEPs over negative interest rates and 'debt economy'
  • Gulf States Continue Bumper Debt Issuance, Bahrain Next in Line

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Categories: Economics

Boomers vs Millennials

Chris Martenson - September 27, 2016 - 10:38

In this week's Off The Cuff podcast, Chris and Becca Martenson discuss:

  • Boomers Have Everything To Lose
    • They cling to status quo to deliver promises made in the past
  • Millennials See Nothing To Gain
    • The future they're being asked to inherit appears bereft of value
  • Bridging The Generation Gap
    • How to replace strife with support
  • The Importance Of Mentoring
    • An age-old model need perhaps more now than ever

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Categories: Economics

Daily Digest 9/27 - Candidates Clash On Energy, Pinching Pennies in America's Hedge-Fund Capital

Chris Martenson - September 27, 2016 - 09:07
  • Sales of new homes tumbled 7.6 percent in August
  • World Trade Set For Slowest Yearly Growth Since Global Financial Crisis 
  • Trauma Programming
  • Trump: “The security aspect of cyber is very, very tough”
  • Pinching Pennies in the Hedge-Fund Capital of America
  • One Indicator to Beat the Crash
  • The Presidential Debate: Clashing On Energy
  • The Grass Really is Greener, Especially Between the Rails 

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Categories: Economics

Collaboratively Generating More Knowledge: Public Lab’s Approach to Citizen Science

Shareable Magazine - September 27, 2016 - 07:58
Photo credit: Regional Barnraising CC BY-SA 3.0. Article by Jennie Rose Halperin. Cross-published from Creative Commons  
Categories: Economics

National Prison Strike Exposes Need for Labor Rights Behind Bars

At 29 prisons, thousands of inmates have stopped work to protest unfair labor practices. So where are the unions?
Categories: Economics

The Impact of Ride-Sharing Apps on Jakarta’s Taxi Industry

Shareable Magazine - September 26, 2016 - 10:00

Indonesia’s capital city Jakarta has long been known for its efficient, clean taxis. On the city’s main thoroughfares, taxis make up approximately 20-30 percent of all traffic. While the city is in dire need to better mass transit, it was not — at least on the surface — ripe for transportation network companies and their Uber-style disruptions.

Yet in the past year, Jakarta has become ground zero for the battle between tech-based apps and traditional taxis, prompting the government to regulate ride-sharing companies.

Categories: Economics

Toward Post-Capitalist Cities? Reporting Back From The Global Social Economy Forum 2016

Shareable Magazine - September 26, 2016 - 09:32

Seoul Mayor Park Won-Soon addresses the GSEF Plenary. Photo credit: Arnau Cunties Photographe. Article and images cross-posted from New Economy Coalition.

Categories: Economics

Daily Digest 9/26 - What To Watch For At Presidential Debate, What If The Oil Rebound Never Happens?

Chris Martenson - September 26, 2016 - 05:15
  • California dreamin' for Chinese investors in U.S.
  • Trump, Clinton Deadlocked in Bloomberg Poll Before Key Debate
  • Presidential Debate: What to Watch For as Hillary Clinton and Donald Trump Face Off
  • Meet Mike Morrell—-Hillary’s Favorite Demented, Creepy CIA Warmonger
  • President Trump's First Term
  • Blockchain: Many Bankers, Bureaucrats And Lawyers Could Become Redundant
  • Millions in U.S. Climb Out of Poverty, at Long Last
  • What If The Oil Rebound Never Happens?

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Categories: Economics

Finally, Jobs That Work for Parenting

Right now I’m not worried about the glass ceiling. For now, with a young child, I’m embracing freelance work.
Categories: Economics

Standing Rock Protest is Powerful

Chris Martenson - September 25, 2016 - 10:40

Largely out of the headlines, the ongoing protest on Standing Rock is shining a bright light on how the big-moneyed interests with political clout steamroll the disadvantaged in order to get what they need. 

But in a rare David-vs-Goliath standoff, the Sioux tribespeople of Standing Rock Reservation are learning that they are not powerless. Their refusal to roll over and allow an oil pipleline to be built on their lands is growing into one of the largest resistance movements in recent years, drawing supporters from all over the country, and forcing the discussion of "Where do we draw the line?" in regards to our pursuit of depleting natural resources.

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Categories: Economics

Mark Morey: Social Revolution

Chris Martenson - September 25, 2016 - 10:40

Largely out of the headlines, the ongoing protest on Standing Rock is shining a bright light on how the big-moneyed interests with political clout steamroll the disadvantaged in order to get what they need. 

But in a rare David-vs-Goliath standoff, the Sioux tribespeople of Standing Rock Reservation are learning that they are not powerless. Their refusal to roll over and allow an oil pipleline to be built on their lands is growing into one of the largest resistance movements in recent years, drawing supporters from all over the country, and forcing the discussion of "Where do we draw the line?" in regards to our pursuit of depleting natural resources.

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Categories: Economics

Daily Digest 9/24 - Why Oil Prices Won't Stay Low, Do Robots Dream Of Wealth?

Chris Martenson - September 24, 2016 - 09:53
  • Harvard Endowment drops 2% in 2016, worst since financial crisis
  • The Elite Solution: Three New Ways To Get Inflation
  • What The Fed And BOJ Decisions Mean For Markets
  • Do Robots Dream Of Wealth?
  • Can a Police-Misconduct Lawsuit Lead to Reform?
  • Why Oil Prices Can’t Stay Low For Much Longer
  • Mothballing the World's Fanciest Oil Rigs Is a Massive Gamble
  • Puerto Rico Blackout Enters Second Day - Entire Island Of 3.5 Million People Without Power

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Categories: Economics

Hell To Pay

Chris Martenson - September 23, 2016 - 14:23

Those familiar with my writing know I put the word “markets” in quotes because we no longer have a financial system where legitimate price discovery is a regular -- or even recognizable -- feature.

It's destined to fail. What more can be said about such a flawed system?

Well, a lot as it turns out. 

And failure to pay attention at this stage of economic and ecological history will prove to be exceptionally painful.

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Categories: Economics

Prepare For The Global Deflationary Deluge

Chris Martenson - September 23, 2016 - 14:23
Executive Summary
  • Why the debt market is the powder keg that will blow things sky-high
  • The most dangerous asset bubbles to watch and avoid
  • The implications of a collapse in the bond market
  • Where will money then go?

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

Economic Deformations

The big problem with central bank policies, besides driving the largest wealth and income gaps in all of recorded history, is that they’ve massively deformed the financial and economic landscape. 

Too-cheap money has distorted just about everything, and has badly warped corporate incentives. There’s literally no place one can look and not find an economic or financial distortion.  “Gains” (such as they are) have gone to holders of financial assets, and corporations have opted to buy back their own shares and to not re-invest in property, plant, equipment or people. 

All of this will work right up until the day it doesn’t. And then we'll experience a financial and economic crisis likely to be the largest we ever live through.

And these distortions are not only everywhere, but they are all at record levels.  As in never higher in human history. 

Just looking at the corporate data alone ought to scare the pants of off every investor on the planet. As the chart below makes clear...

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Categories: Economics