Podcast
by
JW
by
Chris Martenson
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
by Chris MartensonDr. 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.
by
Chris Martenson
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?
PREVIEW by Chris MartensonExecutive 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…
by
Chris Martenson
Danielle DiMartino Booth, former analyst at the Federal Reserve Bank of Dallas, has just released the book Fed Up: An Insider's Take On Why The Federal Reserve Is Bad For America.
In it, Danielle describes how the Federal Reserve is controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation’s ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy towards yet another collapse.
This reckless monetary policy pursued by the Fed has resulted in the rich elite becoming markedly richer, while savers and retirees are being absolutely gutted. All while risking a coming conflagration in the bond markets that will destroy a painful percentage of the world's financial wealth:
Danielle DiMartino Booth: An Insider Exposes The Evils Of The Fed
by Chris MartensonDanielle DiMartino Booth, former analyst at the Federal Reserve Bank of Dallas, has just released the book Fed Up: An Insider's Take On Why The Federal Reserve Is Bad For America.
In it, Danielle describes how the Federal Reserve is controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation’s ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy towards yet another collapse.
This reckless monetary policy pursued by the Fed has resulted in the rich elite becoming markedly richer, while savers and retirees are being absolutely gutted. All while risking a coming conflagration in the bond markets that will destroy a painful percentage of the world's financial wealth:
by
charleshughsmith
Executive Summary
- Why the woes of the middle class will worsen from here
- The tax-burdened middle class vs the "dependent" class that pays no taxes
- The pinched middle class vs the gluttonous plutocrats
- How the many ensuing class wars will end
If you have not yet read Part 1: The Coming Class Wars, It's Time To Worry available free to all readers, please click here to read it first.
In Part 1, we briefly surveyed the nature of class war in advanced capitalism, starting with the Marxist analysis that such conflict was inevitable. We then moved to the present: the Grand Truce that produced the middle class is eroding, social mobility is declining, and a sharp economic and cultural chasm has opened between the unprotected working class and the protected upper-middle class.
Why Is the Middle Class Eroding?
The big question is: why is the middle class eroding? Why is the longstanding accord between labor and capital breaking down?
Peter Turchin’s recent book Ages of Discord sheds light on the historical context. History’s economic and social cycles can be divided into two fundamental phases: integrative eras in which cooperation between competing forces is rewarded and disintegrative eras in which cooperation dissolves into conflict and discord.
Turchin’s analysis identifies three key drivers of social and economic disintegration:
1. An over-supply of labor that suppresses real (inflation-adjusted) wages
2. An overproduction of parasitic (unproductive) Elites
3. A deterioration in central state finances (over-indebtedness, declining tax revenues, increase in state dependents, fiscal burdens of war, etc.)
It’s clear that globalization, open immigration and automation are generating an oversupply of labor that is suppressing wages, especially for the lower-skilled work force (the working class).
The entitled upper-middle class that expects…
The Class War Playbook
PREVIEW by charleshughsmithExecutive Summary
- Why the woes of the middle class will worsen from here
- The tax-burdened middle class vs the "dependent" class that pays no taxes
- The pinched middle class vs the gluttonous plutocrats
- How the many ensuing class wars will end
If you have not yet read Part 1: The Coming Class Wars, It's Time To Worry available free to all readers, please click here to read it first.
In Part 1, we briefly surveyed the nature of class war in advanced capitalism, starting with the Marxist analysis that such conflict was inevitable. We then moved to the present: the Grand Truce that produced the middle class is eroding, social mobility is declining, and a sharp economic and cultural chasm has opened between the unprotected working class and the protected upper-middle class.
Why Is the Middle Class Eroding?
The big question is: why is the middle class eroding? Why is the longstanding accord between labor and capital breaking down?
Peter Turchin’s recent book Ages of Discord sheds light on the historical context. History’s economic and social cycles can be divided into two fundamental phases: integrative eras in which cooperation between competing forces is rewarded and disintegrative eras in which cooperation dissolves into conflict and discord.
Turchin’s analysis identifies three key drivers of social and economic disintegration:
1. An over-supply of labor that suppresses real (inflation-adjusted) wages
2. An overproduction of parasitic (unproductive) Elites
3. A deterioration in central state finances (over-indebtedness, declining tax revenues, increase in state dependents, fiscal burdens of war, etc.)
It’s clear that globalization, open immigration and automation are generating an oversupply of labor that is suppressing wages, especially for the lower-skilled work force (the working class).
The entitled upper-middle class that expects…
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