Chris Martenson
Executive Summary
- There are too many claims on real wealth
- Our currency has a destiny with the dustbin
- When money dies, real wealth remains
- How to ensure you're on the winning side of the Great Wealth Transfer
If you have not yet read Part 1: The Coming Great Wealth Transfer, available free to all readers, please click here to read it first.
Financial Repression is really just a stalling tactic designed to slowly take your purchasing power and help bail out an over-indebted system. It works best when there’s wage inflation to help soften the blows; but there hasn’t been any of that in a long time, so the average household is just being crushed — a situation easily confirmed in the observed elevated suicide rates, record opioid addiction levels and overdose rates, and ultra-low levels of job satisfaction.
The main driver of the coming Wealth Transfer is rooted in the concept of too much money. And debt. They’re the same thing, as we have a debt-based money system. That is, our money is created through the issuance of debt. One begets the other. So we can track either (preferably both) to understand what’s really happening.
We do this here at Peak Prosperity because we very much want you to be on the right side of the Wealth Transfer. Our goal is to educate, so that you can make informed decisions about how to best position yourself. [Fun Fact: the root of ‘educate’ is the word ‘educe’ which means ‘to bring out.’ So for us, ‘educate’ does not mean to hand facts over for later recall, but rather it is a two-way process by which we can together bring out something that was hidden before and share that in common].
So, as we being to dig into the details here, take a moment to revisit our short Crash Course video chapters on money and money creation (at banks and The Fed). With that grounding, we can dive right into the role of money in an economy.
Remember, money and debt have no intrinsic value. They only have value because we all agree that they do. Money (and debt) has no intrinsic value beyond what we humans agree it has. Money is a social agreement.
A $20 bill has value because you and I agree that it does. Why we agree is because a $20 bill can do something for us. We can walk into a store and buy real things we need with it, therefore it has utility. If we couldn’t walk into a store and do anything with the money, then it would have no value at all.
For example, what do you think would happen if…
Winning The Great Wealth Transfer
PREVIEWExecutive Summary
- There are too many claims on real wealth
- Our currency has a destiny with the dustbin
- When money dies, real wealth remains
- How to ensure you're on the winning side of the Great Wealth Transfer
If you have not yet read Part 1: The Coming Great Wealth Transfer, available free to all readers, please click here to read it first.
Financial Repression is really just a stalling tactic designed to slowly take your purchasing power and help bail out an over-indebted system. It works best when there’s wage inflation to help soften the blows; but there hasn’t been any of that in a long time, so the average household is just being crushed — a situation easily confirmed in the observed elevated suicide rates, record opioid addiction levels and overdose rates, and ultra-low levels of job satisfaction.
The main driver of the coming Wealth Transfer is rooted in the concept of too much money. And debt. They’re the same thing, as we have a debt-based money system. That is, our money is created through the issuance of debt. One begets the other. So we can track either (preferably both) to understand what’s really happening.
We do this here at Peak Prosperity because we very much want you to be on the right side of the Wealth Transfer. Our goal is to educate, so that you can make informed decisions about how to best position yourself. [Fun Fact: the root of ‘educate’ is the word ‘educe’ which means ‘to bring out.’ So for us, ‘educate’ does not mean to hand facts over for later recall, but rather it is a two-way process by which we can together bring out something that was hidden before and share that in common].
So, as we being to dig into the details here, take a moment to revisit our short Crash Course video chapters on money and money creation (at banks and The Fed). With that grounding, we can dive right into the role of money in an economy.
Remember, money and debt have no intrinsic value. They only have value because we all agree that they do. Money (and debt) has no intrinsic value beyond what we humans agree it has. Money is a social agreement.
A $20 bill has value because you and I agree that it does. Why we agree is because a $20 bill can do something for us. We can walk into a store and buy real things we need with it, therefore it has utility. If we couldn’t walk into a store and do anything with the money, then it would have no value at all.
For example, what do you think would happen if…
In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- The Coming Debt Explosion
- Really? We're going to try to add more??
- Pension Time Bomb
- Going off sooner than most expect
- The Evil Fed
- It's policies are at the root of our economic predicament
- The Revolution Is Brewing
- Continental Europe will see the next iconoclast elected
The only thing more frightening than the massive overburden of debt weighing on today's economy is the recent trial balloon that we need to add a bunch more in order to spark economic growth. Chris and John slam this wrongheaded thinking, and direct our attention to the damage the effects of already having too much debt is wreaking on our future prospects.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Off The Cuff: Dying From Debt
PREVIEWIn this week's Off The Cuff podcast, Chris and John Rubino discuss:
- The Coming Debt Explosion
- Really? We're going to try to add more??
- Pension Time Bomb
- Going off sooner than most expect
- The Evil Fed
- It's policies are at the root of our economic predicament
- The Revolution Is Brewing
- Continental Europe will see the next iconoclast elected
The only thing more frightening than the massive overburden of debt weighing on today's economy is the recent trial balloon that we need to add a bunch more in order to spark economic growth. Chris and John slam this wrongheaded thinking, and direct our attention to the damage the effects of already having too much debt is wreaking on our future prospects.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
It's impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction, but my personal bet is “a lot!”
For my reasons why, take a few minutes to watch the chapter on bubbles below from The Crash Course. For those who haven't seen it before, the takeaway is this: bubbles pop only when greed in the market has been exhausted.
It’s Bubble Time!
It's impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction, but my personal bet is “a lot!”
For my reasons why, take a few minutes to watch the chapter on bubbles below from The Crash Course. For those who haven't seen it before, the takeaway is this: bubbles pop only when greed in the market has been exhausted.
Dr. Nafeez Ahmed is an award winning 15 year investigative journalist, noted international security scholar, best-selling author and film-maker. He authored The Guardian’s Earth Insight blog and has twice won the prestigious Project Censored Award for outstanding investigative journalism.
In his new book Failing States, Collapsing Systems, Nafeez points out, as we often do here at PeakProsperity.com, that everything in our modern society is connected to energy, and that our pursuit of ever more, ever higher growth is finally colliding with planetary limits. Scarcity and strife will be the dominant trends from here, unless we, as a species, start looking for different ways of living better-suited for a finite world.
Nafeez Ahmed: Our Systems Are Failing
Dr. Nafeez Ahmed is an award winning 15 year investigative journalist, noted international security scholar, best-selling author and film-maker. He authored The Guardian’s Earth Insight blog and has twice won the prestigious Project Censored Award for outstanding investigative journalism.
In his new book Failing States, Collapsing Systems, Nafeez points out, as we often do here at PeakProsperity.com, that everything in our modern society is connected to energy, and that our pursuit of ever more, ever higher growth is finally colliding with planetary limits. Scarcity and strife will be the dominant trends from here, unless we, as a species, start looking for different ways of living better-suited for a finite world.
Executive Summary
- How overvalued is the system?
- The biggest errors that got us to this point
- What to expect during the big reset
- Taking necessary action
If you have not yet read Part 1: The Mother Of All Financial Bubbles, It's Time To Worryavailable free to all readers, please click here to read it first.
What will the coming reset look like when it finally arrives?
This is the operative question everybody should be asking themselves because, believe me, the bankers and politicians are already frantically at work on the only question they care about: Who, instead of us, is going to eat the losses?
Let me be clear. The coming reset is going to be very, very painful. Part of me just wants to rip the proverbial Band-Aid off and get on with it, yet part of me dreads what’s coming and is in no hurry to see it arrive. Talk about being ambivalent!
The big picture looks like this: Ray Dialo’s firm Bridgewater Associates, a mega-money management firm, put together the below chart of the IOUs of the US (most other countries look the same, so feel free to extrapolate for Japan, or most of the EU, or the UK).
There are, simply, too many promises that cannot be kept. At a recent ICV wealth conference (just this week) one of the speakers was a man named Bradley Belt, former executive director of the Pension Benefit Guaranty Corporation (PBGC).
I asked him if there were any possible solutions to the staggering risks posed by the data in this chart. And who, if anyone, is working on them?
He answered that…
How Bad Will It Get?
PREVIEWExecutive Summary
- How overvalued is the system?
- The biggest errors that got us to this point
- What to expect during the big reset
- Taking necessary action
If you have not yet read Part 1: The Mother Of All Financial Bubbles, It's Time To Worryavailable free to all readers, please click here to read it first.
What will the coming reset look like when it finally arrives?
This is the operative question everybody should be asking themselves because, believe me, the bankers and politicians are already frantically at work on the only question they care about: Who, instead of us, is going to eat the losses?
Let me be clear. The coming reset is going to be very, very painful. Part of me just wants to rip the proverbial Band-Aid off and get on with it, yet part of me dreads what’s coming and is in no hurry to see it arrive. Talk about being ambivalent!
The big picture looks like this: Ray Dialo’s firm Bridgewater Associates, a mega-money management firm, put together the below chart of the IOUs of the US (most other countries look the same, so feel free to extrapolate for Japan, or most of the EU, or the UK).
There are, simply, too many promises that cannot be kept. At a recent ICV wealth conference (just this week) one of the speakers was a man named Bradley Belt, former executive director of the Pension Benefit Guaranty Corporation (PBGC).
I asked him if there were any possible solutions to the staggering risks posed by the data in this chart. And who, if anyone, is working on them?
He answered that…
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