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The Pie Is Shrinking So Much The 99% Are Beginning To Starve

Despite the endless media rah-rah about “growth” and “recovery,” it is self-evident to anyone who bothers to look beneath the surface of this facile PR that the pie is now shrinking.

This dynamic is increasing inequality rather than reducing it.

The Pie Is Shrinking So Much The 99% Are Beginning To Starve

by charleshughsmith

Despite the endless media rah-rah about “growth” and “recovery,” it is self-evident to anyone who bothers to look beneath the surface of this facile PR that the pie is now shrinking.

This dynamic is increasing inequality rather than reducing it.

Art Berman: Like It Or Not, The Future Remains All About Oil

by Chris Martenson

Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.

After the price of oil fell from its previous $100+/bbl highs to under $30/bbl in 2015, many declared dead the concerns raised by peak oil theorists. Headlines selling the "shale miracle" have sought to convince us that the US will one day eclipse Saudi Arabia in oil production. In short: cheap, plentiful oil is here to stay.

How likely is this?

Not at all, warns Berman. World demand for oil shows no signs of abating while the outlook for future production looks increasingly scant. And the competition among nations for this "master resource" will be much more intense in future decades than we've been used to.

Art Berman: Like It Or Not, The Future Remains All About Oil

by Chris Martenson

Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.

How likely is this?

Believing The Impossible

by Chris Martenson

To borrow from Lewis Carroll: To have confidence in today's central bank-created bubble markets, we have to believe in six impossible things.

Remember that bubbles end remarkably quickly. When they burst, their job is to create the greatest misery possible for the greatest number of people possible.

The only way to avoid that fate is to be positioned wisely in advance. Take steps now to ensure you're one of those prudent few.

Believing The Impossible

by Chris Martenson

To borrow from Lewis Carroll: To have confidence in today's central bank-created bubble markets, we have to believe in six impossible things.

Remember that bubbles end remarkably quickly. When they burst, their job is to create the greatest misery possible for the greatest number of people possible.

The only way to avoid that fate is to be positioned wisely in advance. Take steps now to ensure you're one of those prudent few.

Drowning In The Money River

by Adam Taggart

If you suspect society is unfair, that there’s a different set of rules the rich live by, you’re right.

I’ve had ample chance to witness first-hand evidence of this in my time working on Wall Street and in Silicon Valley. Simply put: our highly financialized economy is gamed to enrich those who run it, at the expense of everybody else.

Drowning In The Money River

by Adam Taggart

If you suspect society is unfair, that there’s a different set of rules the rich live by, you’re right.

Gail Tverberg: The Coming Energy Depression

by Chris Martenson

Energy analyst and professional actuary Gail Tverberg returns to the podcast this week to revisit the global energy outlook. And fair warning, Gail warns it's quite grim.

To her, it's a simple math problem. We have too many people placing too much demand on the world's depleting energy resources. The cost of energy is rising, which we are compensating for in the short term by using financial gimmicks to make "affordable" — when all we're really doing is creating future promises that cannot possibly be repaid.

The increasing cost of energy is manifesting in higher prices (for everything, not just fuels) and lower real wages, a divergence she sees only worsening from here. This path leads to another Great Depression-style crisis from which she does not see a clear path out of.

Gail Tverberg: The Coming Energy Depression

by Chris Martenson

Energy analyst and professional actuary Gail Tverberg returns to the podcast this week to revisit the global energy outlook. And fair warning, Gail warns it's quite grim.

The Value Of Bitcoin

by Chris Martenson

So… in the past week, I’ve been asked for advice on Bitcoin by my brother-in-law, my local realtor, and close friends from as far away as Texas.

None of them cared to learn what it actually is. Or how it works. They just wanted to understand why suddenly so many folks they know are trying to buy Bitcoin hand over fist. And, of course, should they buy in now, too?

If you (or people you care about) have similar questions, this report is for you.

The Value Of Bitcoin

by Chris Martenson

So… in the past week, I’ve been asked for advice on Bitcoin by my brother-in-law, my local realtor, and close friends from as far away as Texas.

If you (or people you care about) have similar questions, this report is for you.

Whether or not you've had time yet to plow your way through David Collum's excellent 2017 Year in Review, our annual podcast with Dave always brings additional color to light — and this year's is no exception.

David Collum: The Vicious Cycle Approaches

by David Collum

2017 Year In Review (Part 2)

by David Collum

If you've not yet read Part 1, click here to do so. The whole enchilada can be downloaded as a single PDF here or viewed in parts via the hot-linked contents as follows: Contents Part 1 Introduction Sources Contents My Personal Year in Review Investing Economy Broken Markets Market Valuations Market Sentiment Volatility Stock Buybacks…

2017 Year In Review (Part 2)

by David Collum

2017 Year In Review

by David Collum

Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in…