- Unpaid subprime car loans hit 20-year high
- Fracking accounts for about half of U.S. oil production
- Price of branded prescription drugs in the US doubles in 5 years
- Brazil pension funds see gap widen as liabilities rise
- Canada deficit to hit C$29 billion this year, may prevent another rate cut: Reuters poll
- Cash-strapped farmers struggle to pay cropland rents
- India's Ugly Bad-Loans Situation Is About to Get Even Worse
- Illinois state not paying out on auto accident claims
- Yield-starved European insurers look past risks to mull emerging bonds
- It’s payback time for emerging markets’ $1.6-trillion debt
- Recent Signs of Economic Troubles
- Linn Energy says bankruptcy may be 'unavoidable'
- French growth to be less than 1.4 pct in 2016 - central bank chief
Komal Ahmad is solving what she calls the "most unnecessary problem of our time." Photo: Facebook
Komal Ahmad was a student at UC Berkeley when she experienced a life-changing moment. She had just returned from summer training for the U.S. Navy when she met a homeless veteran on the sidewalk. He hadn’t eaten in three days.
Yet, across the street, thousands of pounds of uneaten food was being thrown away by her school. This was unacceptable to Ahmad, so she did something about it.
If you've been thinking about attending this year's annual Peak Prosperity seminar in Rowe, MA, time is running out to make your decision.
What would a world without banking look like, and is it a vision worth exploring? Jonathan McMillan says yes. The pseudonym for two people—an investment banker and an economist—McMillan has a front row view of the international banking landscape, and he doesn’t like what he sees.
- Russia 'to pull its forces out of Syria'
- Explaining Putin’s surprise move to pull most Russian forces out of Syria
- The Queen of Chaos and the Threat of World War III
- Former cyber czar says NSA could crack the San Bernadino shooter’s phone
- Prescription Painkiller Crisis: Why Do Americans Consume 80 Percent Of All Prescription Painkillers?
- There’s Only One Buyer Keeping S&P 500’s Bull Market Alive: C-suite Stock Option Collectors
- Escape the U.S. Collapse in Uruguay
- Solar Power Is About To Get MUCH Cheaper
- Millions projected to be at risk from sea-level rise in the continental United States
Last year, a lot of my apple crop and some of my pear crop were infested with codling moth larvae. Given that I don’t spray my trees, I needed to come up with an alternative for control, unless I wanted to grow apples for the moths. This season, I’ve sprayed kaolin clay, which is a tiny clay particle that you spray on to the leaves and the fruit. This acts as an irritant to the pests, causing them to move on. This has worked well so far, as we’ve already had our best cherry harvest yet, and the apples and pears still look pretty clean.
A small stretch coastline at Dune Costeire Park. Photos by Gianfranco Ciola or Corrado Rodio. Translation by Nicole Stojanovska.
Dune Costiere Regional Park, stretching from Torre Canne to Torre San Leonardo, is a nature park covering the territories of Ostuni and Fasano. Situated on approximately 1,100 acres of land along an eight-kilometer stretch of coastline, the park connects a historic agricultural landscape dotted with ancient olive farms with a rare coastal ecosystem.
- Labor Protests Multiply in China as Economy Slows, Worrying Leaders
- Obama narrows Supreme Court shortlist down to three
- Donald Trump's ideology of violence
- Ahead: Global Totalitarianism
- Zika, ZIRP, and NIRP Viruses
- February’s global temperatures rose to a startling new high
- USA uses TPP-like trade-court to kill massive Indian solar project
- The Unnatural Kingdom
Felix Weth (second from right) with other Fairmondo members
Felix Weth has taken on a big challenge: create a platform cooperative to compete with the likes of Ebay and help create a new, fair economy. The result of his efforts is Fairmondo, a member-owned digital cooperative that enables people to sell ethical products. Launched 2013 in Germany, Fairmondo is now going global.
Photo: jonathan mcintosh. Article co-authored with Pablo Munoz.
- Michigan Gov. Snyder confronts the perils of running government like a business
- Remote Utah Enclave Becomes New Battleground Over Reach of U.S. Control
- The government just admitted it will use smart home devices for spying
- Researchers' idea will blow you away: 656-foot long blades on wind turbines
- Renewable energy’s global growing pains
- Iran on Oil Freeze: ‘Leave Us Alone’ Until Production Higher
- Almost everything you buy, from cereal to mascara, is killing the rain forest
Front man for the sustainable/regenerative farming movement, Joel Salatin, returns to the podcast this week.
Next month on April 23rd, he'll be joining Adam, the folks from Singing Frogs Farm, permaculturalist Toby Hemenway, and Robb Wolf at a speaking event in northern California. He'll be speaking on the power that's in our hands to make much smarter choices regarding the food systems we depend on.
- The Fed's Got A Problem
- India's big move into solar is already paying off
- A Top Performing Hedge Fund Just Went Record Short: Here's Why
- The Geography Of Trumpism
- Three laws could cut US gun deaths by 90%, study says
- Oil Prices Heading For A Fall, Possibly Hard
- Turkish Energy Security Under Threat
- Florida’s problem with sea level rise catches up with Rubio at debate
In the lunar calendar that started February 8, this is the Year of the Red Monkey. I found this description of the Red Monkey quite apt:
"According to Chinese Five Elements Horoscopes, Monkey contains Metal and Water. Metal is connected to gold. Water is connected to wisdom and danger. Therefore, we will deal with more financial events in the year of the Monkey. Monkey is a smart, naughty, wily and vigilant animal. If you want to have good return for your money investment, then you need to outsmart the Monkey. Metal is also connected to the Wind. That implies the status of events will be changing very quickly. Think twice before you leap when making changes for your finance, career, business relationship and people relationship."
In other words, the financial world will be volatile. And few will have the agility and wile to outsmart the market-monkey.
- Beware of increasing financial Repression
- Watch where the global flows of capital are heading
- Expect further strengthening of the US dollar
- Realize that cash is not a bad position in an extremely volatile market. Same with precious metals.
- Why the best opportunities for capital preservation will be local
If you have not yet read The Year of the Red Monkey: Volatility Reigns Supreme, available free to all readers, please click here to read it first.
In Part 1, we looked at the ways fiscal and monetary authorities have attempted to stave off business-cycle washouts, i.e. recessions, and how the fixes have created a global Great Stagnation that is characterized by uncertainty and volatility.
Here in Part 2, we investigate whether the global economy slide into recession, or will new policies such as capital controls save the day? And more importantly, we look to the asset classes where investors can seek safety from the red monkey's antics.Capital Controls
The latest fixes being rolled out by central banks and governments are capital controls—essentially, policies designed to force people to spend their saved-up capital in the home country or invest it in whatever the central bank/state deems supportive of the hoped-for exit from the Great Stagnation.
Negative interest rates are a form of capital control: by charging interest on cash held in banks, governments hope to force people to spend their cash rather than “hoard” it.
Since cash currency is a safe haven from this expropriation, governments are actively seeking to eliminate or limit cash.
When private banks are revealed as insolvent, governments can recapitalize the banks by expropriating depositors’ cash held in the bank—“bail-ins.”
Another expropriation idea making the rounds among “serious policymakers” is forcing everyone with retirement savings to put a percentage of this cash in government bonds—in effect, funding state deficit spending by force.
All of these controls are forms of financial repression—limiting the freedom of people and their capital in order to prop up the privileges of a tiny financial and political elite at the top of the status quo.
To the degree that capital controls inevitably spark blowback and unintended consequences, they add to volatility by...
Daily Digest 3/11 - Good News Friday: Replacing Plastic With Seaweed, Changing How Economics Is Taught
- Changing how economics is taught
- Obama and Canada’s Justin Trudeau Promote Ties and Climate Plan
- Top US International Drug Official Signals Green Light for Countries to Decriminalize
- How Asking 5 Questions Allowed Me to Eat Dinner With My Kids
- Sidekick chemicals reverse antibiotic resistance in microbes
- Spanish company Graphenano claims Graphene Polymer batteries with triple the energy density of lithium ion and commercialization by end of 2016
- New Seaweed-Based Material Could Replace Plastic Packaging
- Americans Want Fewer Politicians, More Sustainability in our Dietary Guidelines
In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- Has A New Bull Market In Gold Begun?
- Maybe, though a short term pull-back is likely
- Has Oil Bottomed?
- Much harder to tell
- Electric Cars
- How long may it really take for them to reach mainstream penetration?
- How Bad Will The Next Market Crash Be?
- Very bad. This next one's for all the marbles.
- Are You Kidding Me? Chinese Exports Plunge 25.4 Percent Compared To Last Year
- Jim Rogers: What to buy, watch and avoid
- ECB pulls out all stops with rate cuts, stimulus boost
- Gold’s Next Move And Price Target
- Is it time for DUST off, Lieutenant? Where is that bird?
- Forget fracking. Choking and lifting are latest efforts to stem U.S. shale bust
- The $9.2 Billion Bet Against OPEC Dominance
- Needless Wars over Oil
- FPL nuclear plant canals leaking into Biscayne Bay, study confirms
- FPL nuclear plant canals likely violating water quality laws
- Dangerous bacteria: Vibro Vulnificus in Florida ocean hospitalizes 13, kills 3
Adam will give a presentation on his & Chris' new book Prosper! at the Grange Hall in Sebastopol, CA on Wednesday, March 30 @ 7pm. Everyone who attends will receive a free copy of the book:
After the formal presentation, Chris will Skype in to join Adam in answering audience Q&A.
To purchase tickets, visit here.
A family-friendly placemaking campaign in Providence, RI. Photo by PPS
The placemaking movement is all about creating hands-on, collective solutions to improve a neighborhood, city, or region—to make it more shareable. It capitalizes on existing community assets and results in public spaces that improve people’s health, happiness, and well being. As the Project for Public Spaces (PPS) website explains,