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by Chris Martenson

There is nothing inherently environmentally damaging about human participation. Yes, I admit it and repent in sackcloth and ashes for all of the human devastation that has been caused throughout history. It has been caused long before the USDA, long before America, long before a lot of things.

It does not have to be so. In fact, we are not only the most efficient at destroying it; we are also the most efficient at healing it.

So states Joel Salatin, one of the most visible and influential leaders in the organic food and sustainable farming movement. Joel returns as a guest to discuss "ecological participation" – methods by which humans can create a much more resilient landscape than current mass agricultural practices allow for.

Among other topics covered in this podcast, Joel and Chris focus the current drought gripping much of the US (and other countries). How unusual is it in its severity? What's causing it? What can be done to reduce our vulnerability in the future?

Joel's basic point is that there is a wide set of solutions that are possible to implement today, at scale, that can have an enormously restorative impact on our ecology without sacrificing crop production yields. Some of these involve returning to practices common in past generations before modern factory farming, others arise from new innovative thinking and technologies.

The only obstacle to implementing these solutions is our own intransigence. Our politics and economy are deeply wed to the heavily depleting and input-dependent practices of modern mega-farms. So there are big interests concerned with protecting the status quo, even though it is simply not sustainable in the long term. 

Which is why Joel is a big believer in action at the individual level. The more households and local communities begin implementing these sustainable solutions, more momentum will build to change perception and thinking at the state and national level. Plus, our local foodsheds and watersheds will be better off from these efforts – so why not get started now?

Joel Salatin: We Are the Solution, as Well as the Problem
by Chris Martenson

There is nothing inherently environmentally damaging about human participation. Yes, I admit it and repent in sackcloth and ashes for all of the human devastation that has been caused throughout history. It has been caused long before the USDA, long before America, long before a lot of things.

It does not have to be so. In fact, we are not only the most efficient at destroying it; we are also the most efficient at healing it.

So states Joel Salatin, one of the most visible and influential leaders in the organic food and sustainable farming movement. Joel returns as a guest to discuss "ecological participation" – methods by which humans can create a much more resilient landscape than current mass agricultural practices allow for.

Among other topics covered in this podcast, Joel and Chris focus the current drought gripping much of the US (and other countries). How unusual is it in its severity? What's causing it? What can be done to reduce our vulnerability in the future?

Joel's basic point is that there is a wide set of solutions that are possible to implement today, at scale, that can have an enormously restorative impact on our ecology without sacrificing crop production yields. Some of these involve returning to practices common in past generations before modern factory farming, others arise from new innovative thinking and technologies.

The only obstacle to implementing these solutions is our own intransigence. Our politics and economy are deeply wed to the heavily depleting and input-dependent practices of modern mega-farms. So there are big interests concerned with protecting the status quo, even though it is simply not sustainable in the long term. 

Which is why Joel is a big believer in action at the individual level. The more households and local communities begin implementing these sustainable solutions, more momentum will build to change perception and thinking at the state and national level. Plus, our local foodsheds and watersheds will be better off from these efforts – so why not get started now?

by Adam Taggart

We're very pleased to announce our participation in the Hard Assets Alliance, our newly endorsed solution for purchasing precious metals.

For years, we've received a continuous stream of questions from readers, all essentially asking where's the best place to buy gold and silver?

While we've done our best to review and present an assessed list of the top bullion vendors, the remaining work readers needed to do in comparing each of them was still more challenging and confusing than we were comfortable with. It's been clear that folks are hoping for a single "best of the best" recommendation.

That's why we were so glad when the Hard Assets Alliance was formed, and we had the good fortune to be invited to be a Founding Member. This new platform offers so many clear advantages to customers that we were happy to throw our support behind it.

Our New Endorsed Solution for Purchasing Precious Metals
by Adam Taggart

We're very pleased to announce our participation in the Hard Assets Alliance, our newly endorsed solution for purchasing precious metals.

For years, we've received a continuous stream of questions from readers, all essentially asking where's the best place to buy gold and silver?

While we've done our best to review and present an assessed list of the top bullion vendors, the remaining work readers needed to do in comparing each of them was still more challenging and confusing than we were comfortable with. It's been clear that folks are hoping for a single "best of the best" recommendation.

That's why we were so glad when the Hard Assets Alliance was formed, and we had the good fortune to be invited to be a Founding Member. This new platform offers so many clear advantages to customers that we were happy to throw our support behind it.

by Alasdair Macleod

There was yet another European Union summit at the end of June, which (like all the others) was little more than bluff. Read the official communiqué and you will discover that there were some fine words and intentions, but not a lot actually happened. However, there are some differences when compared with past meetings that need explaining:

  1. The European Council is being asked to consider permitting the European Central Bank to have a regulatory role alongside national central banks “as a matter of urgency by the end of 2012.” When this new super-regulator is eventually established, perhaps the ECB might be able to recapitalize banks directly. This was needed three years ago; the Eurozone will be lucky not to have a new banking crisis in the next few months, let alone by the year-end.
  2. A bail-out for Spain’s banks is agreed in principle, but it is to be funded by the European Financial Stability Facility (EFSF) until the European Stability Mechanism (ESM) is up and running. The EFSF has no money and relies on drawing down funds from all member states including Greece, Spain, Italy, Ireland, and Portugal, and the chances of the ESM being ratified by the individual Eurozone parliaments is very slim. We are told that Spain’s banks need about €100bn, but how much they really need is not known.
  3. The ESM will not rank as a prior creditor to the disadvantage of bond holders. This is a positive step, but makes it more difficult for national parliaments to authorize the ESM.

The big news in this is the implication the ECB will, in time, be able to stand behind the Eurozone banks because it will accept responsibility for them. This is probably why the markets rallied on the announcement, but it turned out to be another dead cat lacking the elastic potential energy necessary to bounce.

e another dead cat lacking the elastic potential energy necessary to bounce.

The Growing Pressures Likely to Blow the Eurozone Apart
by Alasdair Macleod

There was yet another European Union summit at the end of June, which (like all the others) was little more than bluff. Read the official communiqué and you will discover that there were some fine words and intentions, but not a lot actually happened. However, there are some differences when compared with past meetings that need explaining:

  1. The European Council is being asked to consider permitting the European Central Bank to have a regulatory role alongside national central banks “as a matter of urgency by the end of 2012.” When this new super-regulator is eventually established, perhaps the ECB might be able to recapitalize banks directly. This was needed three years ago; the Eurozone will be lucky not to have a new banking crisis in the next few months, let alone by the year-end.
  2. A bail-out for Spain’s banks is agreed in principle, but it is to be funded by the European Financial Stability Facility (EFSF) until the European Stability Mechanism (ESM) is up and running. The EFSF has no money and relies on drawing down funds from all member states including Greece, Spain, Italy, Ireland, and Portugal, and the chances of the ESM being ratified by the individual Eurozone parliaments is very slim. We are told that Spain’s banks need about €100bn, but how much they really need is not known.
  3. The ESM will not rank as a prior creditor to the disadvantage of bond holders. This is a positive step, but makes it more difficult for national parliaments to authorize the ESM.

The big news in this is the implication the ECB will, in time, be able to stand behind the Eurozone banks because it will accept responsibility for them. This is probably why the markets rallied on the announcement, but it turned out to be another dead cat lacking the elastic potential energy necessary to bounce.

e another dead cat lacking the elastic potential energy necessary to bounce.

by Chris Martenson

Author and social critic James Howard Kunstler has been one of the earliest, most direct, and most articulate voices to warn of the consequences — economic and otherwise — of modern society's profligate wasting of the resources that underlie its growth.

In his new book, Too Much Magic, Jim attacks the wishful thinking dominant today that with a little more growth, a little more energy, a little more technology — a little more magic — we'll somehow sail past our current tribulations without having to change our behavior.

Such self-delusion is particularly dangerous because it is preventing us from taking intelligent, constructive action at the national level when the clock is fast ticking out of our favor. In fact, Jim claims that we are past the state where solutions are possible. Instead, we need a response plan to help us best brace for the impact of the coming consequences. And we need it fast.

James Howard Kunstler: It’s Too Late for Solutions
by Chris Martenson

Author and social critic James Howard Kunstler has been one of the earliest, most direct, and most articulate voices to warn of the consequences — economic and otherwise — of modern society's profligate wasting of the resources that underlie its growth.

In his new book, Too Much Magic, Jim attacks the wishful thinking dominant today that with a little more growth, a little more energy, a little more technology — a little more magic — we'll somehow sail past our current tribulations without having to change our behavior.

Such self-delusion is particularly dangerous because it is preventing us from taking intelligent, constructive action at the national level when the clock is fast ticking out of our favor. In fact, Jim claims that we are past the state where solutions are possible. Instead, we need a response plan to help us best brace for the impact of the coming consequences. And we need it fast.

by Chris Martenson

Joe Saluzzi, expert on algorithmic trading — also known as high-frequency trading, or HFT — returns as a guest this week to explain how the players behind this machine-driven process act as parasites that are destroying our financial markets (and, increasingly, even themselves).

Since Joe first spoke with us last year, HFT firms have only increased in size and share of market activity. Here are some staggering statistics on how influential they have become:

  • HTFs make up between 50-70% of the volume seen across market exchanges today.
  • 2% of the traders on many exchanges (HFTs, specifically) represent 80% of the volume.
  • A single large HFT firm (referred to as a Direct Market Maker) can account for 10%+ of a market's volume on a given day
  • Large HFT firms make between $8 to $21 billion a year.
  • HFT trades occur in milliseconds (i.e., a small fraction of the time it takes your eye to blink).

With such scale, speed, and profitability, HFTs have turned the market away from being an efficient price-setting mechanism and perverted it into a casino where the clientele of human investors gets fleeced.

Joe Saluzzi: HFT Parasites are Killing the Market Host
by Chris Martenson

Joe Saluzzi, expert on algorithmic trading — also known as high-frequency trading, or HFT — returns as a guest this week to explain how the players behind this machine-driven process act as parasites that are destroying our financial markets (and, increasingly, even themselves).

Since Joe first spoke with us last year, HFT firms have only increased in size and share of market activity. Here are some staggering statistics on how influential they have become:

  • HTFs make up between 50-70% of the volume seen across market exchanges today.
  • 2% of the traders on many exchanges (HFTs, specifically) represent 80% of the volume.
  • A single large HFT firm (referred to as a Direct Market Maker) can account for 10%+ of a market's volume on a given day
  • Large HFT firms make between $8 to $21 billion a year.
  • HFT trades occur in milliseconds (i.e., a small fraction of the time it takes your eye to blink).

With such scale, speed, and profitability, HFTs have turned the market away from being an efficient price-setting mechanism and perverted it into a casino where the clientele of human investors gets fleeced.

Total 1591 items