Off the Cuff: Yellin’ About the Debt Ceiling

In this week's Off the Cuff podcast, Chris and Adam discuss:

• The dollar's date with destiny
  • Growing certainty in a currency collapse
• The debt-ceiling diversion
  • It will get raised, despite the posturing
• The appointment of Janet Yellen
  • Confirms the plan is "keep trying more of the same"

Chris and I just returned from a weekend spent in discourse with the likes of James Rickards, Lacy Hunt, Ron Paul, and about a dozen other economic experts. The verdict? Living standards across the globe will fall as the over-indebted global economy implodes. The dollar is toast. Energy and other essential resources will march upward in cost.

Is this news to Peak Prosperity readers? No. But it's worth noting how the data these forecasts are based on continues to multiply as the years go on.

And in light of the growing certainty of outcome, Chris and I are pleased to see that our message of expanding the definition of "investment" to include the wide spectrum of resiliency (energy efficiency, food security, health, community, etc.) is finding receptive ears among audiences whose only focus to-date has been on the first E (Economy).

As for the latest news on the debt-ceiling drama and Janet Yellen's confirmation as the Federal Reserve's new chairwoman, it really is just "more of the same." Yellen is by far the best choice if we simply want more of the same monetary policy that's brought us to the state we're in.