Podcast
by
Chris Martenson
Executive Summary
- Geopolitical unity is fracturing as countries are forced to compete more
- LIBOR is signaling a credit emergency in Europe
- The market is sending signs a major war and/or a major recession may be imminent
- The last remaining heroes for risk-on capital, the FANG stocks, are quickly becoming villains
If you have not yet read Part 1: The Future Ain't What It Used To Be, available free to all readers, please click here to read it first.
The central banks of the world have failed: colossally, completely and dangerously. Yes, they will try to rescue the “markets” once again, as they did in 2011 and 2016 when things similarly looked to be falling apart.
The reason they might not be able to succeed this time?
They are out of maneuvering room.
Nothing will happen if interest rates are clubbed back down a percent or two. To do that, though, would require the same sort of lock-step coordination as prior times. The ECB, BoJ and Fed would all have to operate seamlessly again.
The most immediate of my concerns, even more than the tech-wreck that began a few weeks ago, is the rise in the LIBOR interest rate. Why? Because trouble always moves from the outside in.
Let’s do the math With $350 trillion worth of assets tied to LIBOR, that means each 1% rise in the LIBOR rate translates into $3.5 trillion dollars of increased interest costs.
LIBOR is now at its highest rate since 2009, and it's spiking for reasons nobody can fully explain. In my mind, higher LIBOR means that there’s less trust and/or liquidity in the system. It also means borrowing costs are heading up for…
Everything Is Suddenly Deteriorating, Fast
PREVIEW by Chris MartensonExecutive Summary
- Geopolitical unity is fracturing as countries are forced to compete more
- LIBOR is signaling a credit emergency in Europe
- The market is sending signs a major war and/or a major recession may be imminent
- The last remaining heroes for risk-on capital, the FANG stocks, are quickly becoming villains
If you have not yet read Part 1: The Future Ain't What It Used To Be, available free to all readers, please click here to read it first.
The central banks of the world have failed: colossally, completely and dangerously. Yes, they will try to rescue the “markets” once again, as they did in 2011 and 2016 when things similarly looked to be falling apart.
The reason they might not be able to succeed this time?
They are out of maneuvering room.
Nothing will happen if interest rates are clubbed back down a percent or two. To do that, though, would require the same sort of lock-step coordination as prior times. The ECB, BoJ and Fed would all have to operate seamlessly again.
The most immediate of my concerns, even more than the tech-wreck that began a few weeks ago, is the rise in the LIBOR interest rate. Why? Because trouble always moves from the outside in.
Let’s do the math With $350 trillion worth of assets tied to LIBOR, that means each 1% rise in the LIBOR rate translates into $3.5 trillion dollars of increased interest costs.
LIBOR is now at its highest rate since 2009, and it's spiking for reasons nobody can fully explain. In my mind, higher LIBOR means that there’s less trust and/or liquidity in the system. It also means borrowing costs are heading up for…
by
Adam Taggart
Executive Summary
- Creating (Or Reviewing) Your Will
- Creating (Or Reviewing) Your Living Trust
- Other Key Complementary Documents
- Advance Health Care Directive
- Power Of Attorney
If you have not yet read Part 1: If You Die From The Coronavirus, What Will Happen To Your Assets? available free to all readers, please click here to read it first.
If you’re married, have children, or if your assets exceed your debts, having an estate plan in place is highly advised, as detailed in Part 1. In my opinion, not having one is just plain irresponsible, and unjust to those you’ll leave behind when you die.
Here in Part 2, I’ll walk you through the key elements to consider including in your will and living trust, the bedrock components of most estate plans. This information will be useful whether you already have these legal documents in place or not.
Before I do though, let me make a few things absolutely clear. This is NOT personal legal/financial advice. I’m not an estate lawyer nor a tax accountant. And while much of the material presented below will be applicable to the vast majority, your own unique personal situation may require customizations and complexities that are best determined by a licensed professional. Also, estate law differs from state to state. So treat the direction within this article as instructive education only.
As always, we recommend working with professional advisers when building important legal/tax/financial plans customized to your own needs and objectives. When the stakes are high, the relatively small fees you pay for expert advice is well worth the price.
As an FYI, Peak Prosperity’s endorsed financial advisor is well-versed in the estate planning process. If you’d like to tap their expertise about your personal situation, or enlist their guidance in determining how to select the right estate law and tax professionals to help you, you can schedule a free consultation with them here.
Suffice it to say, we recommend your estate plan, however it ultimately gets created, undergo review by a professional before you finalize it. Am I being excessively repetitive here in order to drive this point home? Good.
With that clarification, here’s what you need to get started… (Enroll now to continue reading)
A Primer On The Essentials For Your Will & Living Trust
PREVIEW by Adam TaggartExecutive Summary
- Creating (Or Reviewing) Your Will
- Creating (Or Reviewing) Your Living Trust
- Other Key Complementary Documents
- Advance Health Care Directive
- Power Of Attorney
If you have not yet read Part 1: If You Die From The Coronavirus, What Will Happen To Your Assets? available free to all readers, please click here to read it first.
If you’re married, have children, or if your assets exceed your debts, having an estate plan in place is highly advised, as detailed in Part 1. In my opinion, not having one is just plain irresponsible, and unjust to those you’ll leave behind when you die.
Here in Part 2, I’ll walk you through the key elements to consider including in your will and living trust, the bedrock components of most estate plans. This information will be useful whether you already have these legal documents in place or not.
Before I do though, let me make a few things absolutely clear. This is NOT personal legal/financial advice. I’m not an estate lawyer nor a tax accountant. And while much of the material presented below will be applicable to the vast majority, your own unique personal situation may require customizations and complexities that are best determined by a licensed professional. Also, estate law differs from state to state. So treat the direction within this article as instructive education only.
As always, we recommend working with professional advisers when building important legal/tax/financial plans customized to your own needs and objectives. When the stakes are high, the relatively small fees you pay for expert advice is well worth the price.
As an FYI, Peak Prosperity’s endorsed financial advisor is well-versed in the estate planning process. If you’d like to tap their expertise about your personal situation, or enlist their guidance in determining how to select the right estate law and tax professionals to help you, you can schedule a free consultation with them here.
Suffice it to say, we recommend your estate plan, however it ultimately gets created, undergo review by a professional before you finalize it. Am I being excessively repetitive here in order to drive this point home? Good.
With that clarification, here’s what you need to get started… (Enroll now to continue reading)
by
Chris Martenson
Since publishing my recent critique Russia Did It!, with all of Europe now backing the new 'dodgy dossier' episode, and Russia's ambassadors and foreign minister unable to to even have a reasonable dialog, I observe that the possibility of war between the West and Russia sadly continues to increase.
As in 1911, there are a lot of inexplicably dumb reasons for all of this, so let's pick them apart one by one.
The War Drums Beat Louder
PREVIEW by Chris MartensonSince publishing my recent critique Russia Did It!, with all of Europe now backing the new 'dodgy dossier' episode, and Russia's ambassadors and foreign minister unable to to even have a reasonable dialog, I observe that the possibility of war between the West and Russia sadly continues to increase.
As in 1911, there are a lot of inexplicably dumb reasons for all of this, so let's pick them apart one by one.
by
Chris Martenson
Author and commentator James Howard Kunstler returns as our podcast guest this week for an update on where we are in The Long Emergency timeline.
In this wide-raging discussion ranging from the pervasiveness of propaganda in today's media to the risk of nuclear war, Kunstler also re-news his warnings of a current secular economic slowdown.
After too many years of market interventions, magical thinking, racketeering, and bleeding the 99% dry, he warns that our culture and economic system will soon reach a snapping point.
James Howard Kunstler: The Coming Economy Of “Less”
by Chris MartensonAuthor and commentator James Howard Kunstler returns as our podcast guest this week for an update on where we are in The Long Emergency timeline.
In this wide-raging discussion ranging from the pervasiveness of propaganda in today's media to the risk of nuclear war, Kunstler also re-news his warnings of a current secular economic slowdown.
After too many years of market interventions, magical thinking, racketeering, and bleeding the 99% dry, he warns that our culture and economic system will soon reach a snapping point.
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