Podcast
by
Chris Martenson
Executive Summary
- The perverted bond market (nearly $20 trillion in negative yielding debt) is signalling an epic coming crisis
- A painful global recession is increasingly guaranteed in the coming 12 months. But that’s not the largest risk…
- A massive global currency crisis is brewing. One that could very well topple a number of today’s nations.
- Why hard assets offer one of the best defenses against how all this will unfold
If you have not yet read Part 1: The Hard Truth, available free to all readers, please click here to read it first.
The larger part of this story concerns the effects that excessive financialization has had on the globalization of markets.
One very large part of this has involved the explosion of carry trades — i.e., borrowing in one place to invest in another.
An example would be borrowing US dollars to buy New Zealand government bonds. The “carry” part of that trade is that borrowing in US dollars might cost you 2% per year, but New Zealand bonds are paying out 5% — providing you with a 3% ‘carry.’ Lever that up, and do that trade all day long, with as much volume as your lenders will allow.
In the past, it made a lot of sense for a Japanese pension fund to sell its yen (where the local 10-yr government bond is sporting a negative yield) and buy euros to plow into Italian 10-year debt which has a positive yield. Easy money, right?
Well, it’s all fun and games until you get clocked by a currency reset that wipes out all your positive carry.
The trend up until now has been one of increasingly large bets denominated in US dollars spread out all over the globe.
But the hugely concerning warning sign of a massive reset is now flashing, and it’s… (Enroll now to continue reading)
Defending Against The Global Currency Crisis
PREVIEW by Chris MartensonExecutive Summary
- The perverted bond market (nearly $20 trillion in negative yielding debt) is signalling an epic coming crisis
- A painful global recession is increasingly guaranteed in the coming 12 months. But that’s not the largest risk…
- A massive global currency crisis is brewing. One that could very well topple a number of today’s nations.
- Why hard assets offer one of the best defenses against how all this will unfold
If you have not yet read Part 1: The Hard Truth, available free to all readers, please click here to read it first.
The larger part of this story concerns the effects that excessive financialization has had on the globalization of markets.
One very large part of this has involved the explosion of carry trades — i.e., borrowing in one place to invest in another.
An example would be borrowing US dollars to buy New Zealand government bonds. The “carry” part of that trade is that borrowing in US dollars might cost you 2% per year, but New Zealand bonds are paying out 5% — providing you with a 3% ‘carry.’ Lever that up, and do that trade all day long, with as much volume as your lenders will allow.
In the past, it made a lot of sense for a Japanese pension fund to sell its yen (where the local 10-yr government bond is sporting a negative yield) and buy euros to plow into Italian 10-year debt which has a positive yield. Easy money, right?
Well, it’s all fun and games until you get clocked by a currency reset that wipes out all your positive carry.
The trend up until now has been one of increasingly large bets denominated in US dollars spread out all over the globe.
But the hugely concerning warning sign of a massive reset is now flashing, and it’s… (Enroll now to continue reading)
by
Adam Taggart
Executive Summary
- Management overview of the fund’s business strategy
- Operations and latest results
- Financial performance and pro forma projections
If you have not yet read Part 1: The Future Of Better Farming, available free to all readers, please click here to read it first.
Farmland LP owns and operates two farmland funds. Fund I is a limited partnership and is closed to new investors. Fund II is a private REIT and is open to interested accredited investors.
Having just celebrated its 10-year anniversary, Farmland LP now manages over 15,000 acres across Fund I and Fund II, with farms based in Oregon, California (Fund I), and its latest addition in Walla Walla, Washington (Fund II).
As an organic and sustainable farmland manager, Farmland LP has now grown to be one of the top 0.4% of all U.S. farms by revenue according to the USDA. This scale helps with their mission to demonstrate that sustainable agriculture is more profitable than commodity agriculture, as scale also correlates with profitability in agriculture.
The video below is the full management presentation from Fund I’s recent investor update.
In it, you’ll see…. (Enroll now to watch the video and continue reading)
The Full Farmland Model
PREVIEW by Adam TaggartExecutive Summary
- Management overview of the fund’s business strategy
- Operations and latest results
- Financial performance and pro forma projections
If you have not yet read Part 1: The Future Of Better Farming, available free to all readers, please click here to read it first.
Farmland LP owns and operates two farmland funds. Fund I is a limited partnership and is closed to new investors. Fund II is a private REIT and is open to interested accredited investors.
Having just celebrated its 10-year anniversary, Farmland LP now manages over 15,000 acres across Fund I and Fund II, with farms based in Oregon, California (Fund I), and its latest addition in Walla Walla, Washington (Fund II).
As an organic and sustainable farmland manager, Farmland LP has now grown to be one of the top 0.4% of all U.S. farms by revenue according to the USDA. This scale helps with their mission to demonstrate that sustainable agriculture is more profitable than commodity agriculture, as scale also correlates with profitability in agriculture.
The video below is the full management presentation from Fund I’s recent investor update.
In it, you’ll see…. (Enroll now to watch the video and continue reading)
by
Adam Taggart
by
Chris Martenson
Executive Summary
- Our complex economy is poised for a forced, painful simplification
- The urgency to prepare for this inevitable Tipping Point
- The actions I’m taking right now in my own life to prepare for this
If you have not yet read Part 1: Overdosing On Crazy Pills, available free to all readers, please click here to read it first.
In the coming years and decades there will be hell to pay for society failing to properly assess the risks and re-align its priorities and activities accordingly.
Collectively, our human nature is sabotaging us. That’s my conclusion after exploring the biological underpinnings, as well as the limitations and realities, of our genetic programming.
Since humans are wired for optimism, and strongly discount the future for the present, then short-term decision making is what we’ll get.
Unfortunately, we need long-term decision making. But because that’s currently ‘out of stock’ in today’s society, you need to do what you can at your own personal level.
As I am fond of saying, when it comes to decision-making, I have great faith in individuals but almost no faith in groups.
People, I trust. Groups, not so much.
The larger the group involved, the more suspect it becomes. I’ll bet the founders of Google had the best of ‘non-evil’ intentions when they began. But now the behemoth is busy spying for the government, helping to weaken and overthrow various foreign governments that are unfriendly to western business interests, and helping to rig domestic elections.
Two guys doing pretty good. Big giant powerful company becomes evil. Stop me if you’ve heard that one before…
So the following steps — which I’m taking myself — are critical to… (Enroll to keep reading)
The Antidote To This Insanity
PREVIEW by Chris MartensonExecutive Summary
- Our complex economy is poised for a forced, painful simplification
- The urgency to prepare for this inevitable Tipping Point
- The actions I’m taking right now in my own life to prepare for this
If you have not yet read Part 1: Overdosing On Crazy Pills, available free to all readers, please click here to read it first.
In the coming years and decades there will be hell to pay for society failing to properly assess the risks and re-align its priorities and activities accordingly.
Collectively, our human nature is sabotaging us. That’s my conclusion after exploring the biological underpinnings, as well as the limitations and realities, of our genetic programming.
Since humans are wired for optimism, and strongly discount the future for the present, then short-term decision making is what we’ll get.
Unfortunately, we need long-term decision making. But because that’s currently ‘out of stock’ in today’s society, you need to do what you can at your own personal level.
As I am fond of saying, when it comes to decision-making, I have great faith in individuals but almost no faith in groups.
People, I trust. Groups, not so much.
The larger the group involved, the more suspect it becomes. I’ll bet the founders of Google had the best of ‘non-evil’ intentions when they began. But now the behemoth is busy spying for the government, helping to weaken and overthrow various foreign governments that are unfriendly to western business interests, and helping to rig domestic elections.
Two guys doing pretty good. Big giant powerful company becomes evil. Stop me if you’ve heard that one before…
So the following steps — which I’m taking myself — are critical to… (Enroll to keep reading)
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