- Shutting Down New York’s Subways Is Very Expensive
- The Rat Tribe Of Bejing
- How 2014’s Huge Market Moves Are Affecting the Economy in 2015
- Panicked super rich buying boltholes with private airstrips to escape if poor rise up
- U.S. expands spy program on American drivers beyond border region
- Obama Plan Calls for Oil and Gas Drilling in the Atlantic
- Lies And Deception In Ukraine’s Energy Sector
- Oysters With a Day Job
A successful crowdfunding campaign led to government support for the Luchtsingel pedestrian bridge in Rotterdam, The Netherlands. (Cameron R. Nielson via Wired UK)
It's time to face a few unpleasant truths.
The 'super wealthy' are well-along in their plans to hightail it to safety when the system crashes.
An extensive list of tips and ways to be more frugal in your daily life and save lots of money.
- Life in the Sickest Town in America
- Middle Class Shrinks Further as More Fall Out Instead of Climbing Up
- Lawless Leaders Changing the World: Catherine Austin Fitts
- Greek election leaves Eurozone in crisis: Far Left sweeps to victory with vow to end austerity years as EU braces for 'catastrophe'
- The Likely Cause of Addiction Has Been Discovered, and It Is Not What You Think
- Oil Prices Changing The Face Of Global Geopolitics
- Hedge Funds Bet Oil Will Fall Further
- Updated ice sheet model matches wild swings in past sea levels
What began as a childcare coop in Seoul, South Korea has grown into a cooperative, urban village and sparked a national movement of urban villages.
In 2013, Ronald van den Hoff, founder of Seats2meet, introduced Shareable co-founder Neal Gorenflo to Nils Roemen. A Dutch consultant, community organizer, and sharing activist, Roemen has co-founded numerous sharing projects. One of his first was DareToAsk ("Durftevragen" in Dutch), a workshop based on tapping into social abundance by inviting people to ask each other for help.
What makes a lot of people uncomfortable about a phenomenon like Uber, when you get right down to it, is how it is owned. As in other mega-Internet companies, a small number of owners poised to take over a global industry—in this case, the taxi industry with ownership currently spread out among local drivers and operators. In response to Uber’s rise, there has been a flurry of proposals for driver-owned alternatives.
- The Strong Dollar Is Always Good, Except When It Isn’t
- Greeks Vote in Election Seen as Referendum on Austerity
- Greece Election: Love In A Time Of Crisis
- Final push to open high seas pact talks
- How Covert Agents Infiltrate The Internet To Manipulate, Deceive, And Destroy Reputations
- Mass Surveillance Will Not Stop Terrorism
- Snubbed by U.S. and Europe, Kremlin Looks to Asia at Davos
- Obama, Modi Move Closer With Breakthrough on Nuclear Liability
Saying it's been a busy week and half on the central bank front is perhaps a sizeable understatement.
First, the Swiss National Bank stunned the world (and its brethren central banks) by removing its peg to the Euro. This was quickly followed by Mario Draghi finally making good on his longtime threat of firing QE bazooka, announcing that the ECB will pursue a 60 billion Euro per month easing program for the next 16 months. And amidst all the smoke, the Canadian central bank snuck in a surprise rate cut to its interest rate.
To make sense of both the "Why?" behind these extreme moves, as well as the "What?" in terms of their implications, Axel Merk, founder and Chief Investment Officer of Merk Funds joins us this week.
- The Future of Preparedness and Modern Survivalism?
- GSR Interviews Chris Martenson
- Officials Say Ebola Cases Are Falling In West Africa
- The Winners And Losers Of A Strong Dollar
- Smart, Low-Income Students Who Shun Good Colleges
- Obama’s visit to new Saudi king highlights the kingdom’s importance to the U.S.
- Alwaleed: No more $100 oil, but we won't blink
- Oil Falls to Lowest Since ’09 as Saudis Signal Continuity
Get ready for Spring Planting. The ReadyStore is offering Peak Prosperity readers a special 25% discount on the SEEDSAFE™ line of long term storage garden seeds.
They have everything you need to have a robust and bountiful garden.
If you have started your garden and have begun using up your supply of seeds or are looking for a way to stock up and have some extra seeds on hand for "just in case" situations, the SeedSafe series of seeds collections are a great option. It is a simple and convenient way to get your seed supply ready to go for this summer's garden planting and future harvests.
- A Billionaire Lectures Serfs In Davos: "America's Lifestyle Expectations Are Far Too High"
- The 8 Major Geopolitical Catalysts Of 2015
- There is a new Saudi Arabian king, but the world already wants to know who will succeed him
- Saudi Arabia's Tyrant King Misremembered As Man Of Peace
- Silver’s Case May Have Vast Impact and Alter Entrenched Way of Governance
- Chris Powell: The Rigging of the Gold Market
- Vermont Yankee Shutdown
- Environment, logic taken for a ride by surging SUV sales
In this week's Off the Cuff podcast, Chris and Mish discuss:
- The ECB Bazooka
- Making sense of Draghi's QE announcement
- The Swiss Surprise
- A massive shock to the status quo
- The Canadian Cut
- Suddenly panicking about their asset bubbles
- Making Sense Of The Madness
- We're suddenly a lot closer to the endgame
- World Economic Forum: Global Risks 2015
- The Only Road Out Of Davos
- Pharmacy errors: How often do they happen? Nobody knows
- Metarepresented Money
- Countries Race to Repatriate Gold, Reveals Concern Over Impending Financial Crisis
- Gold And Silver: Year In Review
- The Beauty of Deflation
- Expanding Russia Issues Europe An Ultimatum
Central bank credibility (as fictitious as that may be) is essential to maintaining the current narrative, BUT central banks are rapidly losing their credibility (which should have happened simply via deductive reasoning a long time ago) and the strains are showing.
Their actions are increasingly wild and extreme, and it's our view that 2015- 2016 will mark the end of this long run of overly-ambitious central bankers and over-complacent markets.
- Desperate central banks are dangerous central banks
- Why wealth disparity will get worse
- The list of what comes next as central banks lose control
- What you should do in advance
What’s really happened since 2008 is that central banks decided that a little more printing with the possibility of future pain was preferable to immediate pain. Behavioral economics tells us that this is exactly the decision we should always expect from humans. History says as much, too.
It’s just how people are wired. We’ll almost always take immediate gratification over deferred, and similarly choose to defer consequences into the future, especially if there’s even a ridiculously slight chance they won’t materialize.
So instead of noting back in 2008 that it was unwise to have been borrowing at twice the rate of our income growth for the past several decades -- which would have required a lot of very painful belt-tightening -- the decision was made to ‘repair the credit markets’ which is code speak for: ‘keep doing the same thing that got us in trouble in the first place.’
Also known as the ‘kick the can down the road’ strategy, the hoped-for saving grace was always a rapid resumption of organic economic growth. That’s how the central bankers rationalized their actions. They said that saving the banks and markets today was imperative, and that eventually growth would return, justifying all of the new debt layered on to paper-over the current problems.
Of course, they never explained what would happen if that growth did not return. And that’s because the whole plan falls apart without really robust growth to pay for it all.
And by ‘fall apart’ I mean utter wreckage of the bond and equity markets, along with massive institutional and sovereign defaults. That was always the risk, and now we’re at the point where...
FairCoop: virus of cooperation infects a new economy | ROAR Magazine
The ‘Robin Hood of the Banks’ strikes again. This time the aim is to create a worldwide cooperative to develop and expand a new economy of the commons.
Last week, SF 132, a bill exempting certain organizations from Minnesota seed law, was introduced to the Minnesota State Legislature.