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by Chris Martenson

I want to take the lowest risk approach to the future. So much is riding on it.

Personally I feel that the scientific progress we have made over the last few hundred years is astounding. I don’t want to lose that. I think that is a gift to the future, and I don’t want to run the risk of a collapse that could destroy all that we have.

Even if you think the collapse is a low probability let’s say it's 5%, 10% probability it is an asymmetric risk. The downsides of not treating it seriously are huge.

I mean, you buy fire insurance for your house, even if it is a 0.1% probability that your house will burn down in your lifetime. But the consequences are so negative that you do it. And when you are talking about the accomplishments of all civilization, you need to buy insurance and treat that with the respect it deserves.

Tom Murphy, associate professor of physics at the University of California, San Diego, has mapped the distance between the earth and the moon to within a millimeter and built instruments to study colliding galaxies. We feel comfortable saying he's a pretty smart guy as well as an optimist about what human ingenuity and technology can do for the advancement of society.

In 2004, he became intrigued with the global energy situation and brought his disciplined, empirical approach to bear. He set out to determine which new sources were going to pick up the slack once fossil fuels began becoming scarce. Looking back, he says the theme underlying his findings was "disappointment."

The math showed him that there simply will not be nearly enough BTU yield from alternative energy sources to meet the rising global demand. In fact, if anything, his investigation made him realize how few minds today are truly aware of the extraordinary energy throughput we are getting from fossil fuels.

Tom Murphy: Time to Be Honest With Ourselves About Our Looming Energy Risks
by Chris Martenson

I want to take the lowest risk approach to the future. So much is riding on it.

Personally I feel that the scientific progress we have made over the last few hundred years is astounding. I don’t want to lose that. I think that is a gift to the future, and I don’t want to run the risk of a collapse that could destroy all that we have.

Even if you think the collapse is a low probability let’s say it's 5%, 10% probability it is an asymmetric risk. The downsides of not treating it seriously are huge.

I mean, you buy fire insurance for your house, even if it is a 0.1% probability that your house will burn down in your lifetime. But the consequences are so negative that you do it. And when you are talking about the accomplishments of all civilization, you need to buy insurance and treat that with the respect it deserves.

Tom Murphy, associate professor of physics at the University of California, San Diego, has mapped the distance between the earth and the moon to within a millimeter and built instruments to study colliding galaxies. We feel comfortable saying he's a pretty smart guy as well as an optimist about what human ingenuity and technology can do for the advancement of society.

In 2004, he became intrigued with the global energy situation and brought his disciplined, empirical approach to bear. He set out to determine which new sources were going to pick up the slack once fossil fuels began becoming scarce. Looking back, he says the theme underlying his findings was "disappointment."

The math showed him that there simply will not be nearly enough BTU yield from alternative energy sources to meet the rising global demand. In fact, if anything, his investigation made him realize how few minds today are truly aware of the extraordinary energy throughput we are getting from fossil fuels.

by Gregor Macdonald

Once a year the very chic and exclusive TED conference takes place in Southern California, bringing together entrepreneurs, inventors, and thought leaders from every corner of the world.

There, gathered around a stage, a kind of hive mind begins to unfold in which the most cutting edge ideas in healthcare, energy, social development, and behavioral psychology are shared from a very plugged-in, big-screen podium. It’s extremely well done.

And despite the reflexive criticism from outside the conference — that the gathering is inward-looking and elitist — TED usually does manage to disturb the zeitgeist, a little, with its unveilings in technology and innovation. It is plainly good that next-step advances in solar technology, data collection, and developing world health initiatives are explained and broadcasted from TED. Especially given that policy makers, or those who have the ear of policy makers, are also often in attendance.

A better charge to level against the TED conference, however, is that it’s routinely, if not unfailingly, optimistic.

 

‘Cornucopians in Space’ Deliver a Dangerously Misguided Message
by Gregor Macdonald

Once a year the very chic and exclusive TED conference takes place in Southern California, bringing together entrepreneurs, inventors, and thought leaders from every corner of the world.

There, gathered around a stage, a kind of hive mind begins to unfold in which the most cutting edge ideas in healthcare, energy, social development, and behavioral psychology are shared from a very plugged-in, big-screen podium. It’s extremely well done.

And despite the reflexive criticism from outside the conference — that the gathering is inward-looking and elitist — TED usually does manage to disturb the zeitgeist, a little, with its unveilings in technology and innovation. It is plainly good that next-step advances in solar technology, data collection, and developing world health initiatives are explained and broadcasted from TED. Especially given that policy makers, or those who have the ear of policy makers, are also often in attendance.

A better charge to level against the TED conference, however, is that it’s routinely, if not unfailingly, optimistic.

 

by Chris Martenson

Alasdair Macleod, publisher of Financeandeconomics.org, sees little room for a happy ending to the worsening European credit crisis.

In this interview, he builds on his excellent synopsis from earlier in the week that detailed how the crisis originated, essentially embedding a fundamental structural shortcoming into the entire Eurozone construct starting back in 1997. This flawed monetary model was exploited for temporal gain, and it worked very well, as long as the pie was expanding and nobody was looking too carefully at the mounting imbalances created as it chugged along beautifully. Everybody was getting rich on their Mediterranean villas going up in price almost daily.

This whole thing was bound to work until, mathematically, it couldn’t work.

Alasdair Macleod: Why the Europe Situation is Certain to Get Worse
by Chris Martenson

Alasdair Macleod, publisher of Financeandeconomics.org, sees little room for a happy ending to the worsening European credit crisis.

In this interview, he builds on his excellent synopsis from earlier in the week that detailed how the crisis originated, essentially embedding a fundamental structural shortcoming into the entire Eurozone construct starting back in 1997. This flawed monetary model was exploited for temporal gain, and it worked very well, as long as the pie was expanding and nobody was looking too carefully at the mounting imbalances created as it chugged along beautifully. Everybody was getting rich on their Mediterranean villas going up in price almost daily.

This whole thing was bound to work until, mathematically, it couldn’t work.

by Alasdair Macleod

[This week, we introduce a new contributing editor to PeakProsperity.com, Alasdair Macleod. He will mostly be contributing commentary focused on the situation in Europe, where he's located. The credit crisis underway there is not Europe's problem alone; it has the potential to send crippling financial shockwaves to the US and elsewhere around the world. Please join us in extending a warm CM.com welcome to Alasdair. — Adam] 

The purpose of this report is to give readers the essential background to the economic problems in Europe and to bring you up-to-date in what has become a fast-moving situation. At the time of writing, there has been a lull in the news flow, but that does not mean the problems are under control. Far from it.

Flawed from the Start

When we talk about Europe today in an economic context, we really mean the Eurozone, whose seventeen members are the core of Europe and share a common currency, the euro. The euro first came into existence thirteen years ago, on January 1, 1999, replacing national currencies for eleven states; Greece joined two years later. In theory, the idea of a common currency for European nations with common borders is logical, and it was Canadian economist Robert Mundell's work on optimum currency areas that provided much of the theoretical cover.

However, the concept was flawed from the start.

 

The Europe Crisis from a European Perspective
by Alasdair Macleod

[This week, we introduce a new contributing editor to PeakProsperity.com, Alasdair Macleod. He will mostly be contributing commentary focused on the situation in Europe, where he's located. The credit crisis underway there is not Europe's problem alone; it has the potential to send crippling financial shockwaves to the US and elsewhere around the world. Please join us in extending a warm CM.com welcome to Alasdair. — Adam] 

The purpose of this report is to give readers the essential background to the economic problems in Europe and to bring you up-to-date in what has become a fast-moving situation. At the time of writing, there has been a lull in the news flow, but that does not mean the problems are under control. Far from it.

Flawed from the Start

When we talk about Europe today in an economic context, we really mean the Eurozone, whose seventeen members are the core of Europe and share a common currency, the euro. The euro first came into existence thirteen years ago, on January 1, 1999, replacing national currencies for eleven states; Greece joined two years later. In theory, the idea of a common currency for European nations with common borders is logical, and it was Canadian economist Robert Mundell's work on optimum currency areas that provided much of the theoretical cover.

However, the concept was flawed from the start.

 

by earthwise

With the onset of the financial crisis, many of us undertook the task of becoming more resilient by packing up buckets of various and sundry foodstuffs like grains, beans, rice, etc. The thought occurred to me that, being a Shameless Carnivore, I would rather starve than live off of rice and beans forever. Well, okay, maybe that’s just a little dramatic, but hopefully you get the point. While packing up my grain buckets, it became clear to me that my food security was inadequate for long-term food viability. Not only was it limited in variety, but also in quantity — it was not sustainable long-term because it wasn’t feasibly reproducible.

Clearly fresh meat was what was lacking, but more importantly was the ability to reproduce that meat. Therefore, critters on the hoof were the obvious solution, or ‘meals-on-wheels.’ While just about everyone who’s preppin’ (and many who aren’t) has chickens, one of the most overlooked critters is the rabbit. Whether you just want some homegrown, organic meat or are a serious prepper, the rabbit has much to recommend it as a staple in your plans.

 

Resiliency with Rabbits
by earthwise

With the onset of the financial crisis, many of us undertook the task of becoming more resilient by packing up buckets of various and sundry foodstuffs like grains, beans, rice, etc. The thought occurred to me that, being a Shameless Carnivore, I would rather starve than live off of rice and beans forever. Well, okay, maybe that’s just a little dramatic, but hopefully you get the point. While packing up my grain buckets, it became clear to me that my food security was inadequate for long-term food viability. Not only was it limited in variety, but also in quantity — it was not sustainable long-term because it wasn’t feasibly reproducible.

Clearly fresh meat was what was lacking, but more importantly was the ability to reproduce that meat. Therefore, critters on the hoof were the obvious solution, or ‘meals-on-wheels.’ While just about everyone who’s preppin’ (and many who aren’t) has chickens, one of the most overlooked critters is the rabbit. Whether you just want some homegrown, organic meat or are a serious prepper, the rabbit has much to recommend it as a staple in your plans.

 

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