Podcast
Anyone involved with managing projects, people or systems knows that the only thing that can be planned with absolute certainty is that things will never go 100% according to plan.
This is true even in exceedingly simple situations, which we've written about at length here at Peak Prosperity (the uncontrollable nature of the straightforward Beer Game detailed in this post on the Bullwhip Effect outlines this well). And it's one of the truisms that gives us the most confidence that the world's central planners will eventually lose control of the global systems they are trying to manage via increasingly heavy-handed intervention.
The Inevitability Of Unintended Consequences
by Adam TaggartAnyone involved with managing projects, people or systems knows that the only thing that can be planned with absolute certainty is that things will never go 100% according to plan.
This is true even in exceedingly simple situations, which we've written about at length here at Peak Prosperity (the uncontrollable nature of the straightforward Beer Game detailed in this post on the Bullwhip Effect outlines this well). And it's one of the truisms that gives us the most confidence that the world's central planners will eventually lose control of the global systems they are trying to manage via increasingly heavy-handed intervention.
M. King Hubbert did more to raise awareness of the finite nature of global oil reserves than any other person, living or dead. He was a larger-than-life figure, who fought tirelessly to insert the limits of nature into the national dialog regarding the strategic use of resources. Yet surprisingly little has been publicly documented about the man, even though we are hurdling ever faster into a future shaped by the very limits he warned about.
In today's podcast, Chris talks with Mason Inman about his new book The Oracle Of Oil, the first in-depth biography of M. King Hubbert, to learn more about the genesis of the Peak Oil theory.
M. King Hubbert: The Limits To Oil
by Chris MartensonM. King Hubbert did more to raise awareness of the finite nature of global oil reserves than any other person, living or dead. He was a larger-than-life figure, who fought tirelessly to insert the limits of nature into the national dialog regarding the strategic use of resources. Yet surprisingly little has been publicly documented about the man, even though we are hurdling ever faster into a future shaped by the very limits he warned about.
In today's podcast, Chris talks with Mason Inman about his new book The Oracle Of Oil, the first in-depth biography of M. King Hubbert, to learn more about the genesis of the Peak Oil theory.
Executive Summary
- What Fort McMurray is teaching us about situational awareness
- The wisdom of planning, testing & executing your plans in advance of crisis
- Preparing in case your entire country starts failing
- The value of emotional preparedness
If you have not yet read Chaos And Volatility On The Rise, available free to all readers, please click here to read it first.
Okay, so what can any of us do to really prepare ourselves for volatility and the sorts of uncertainty that the world is presenting to us?
Quite a lot actually.
In the case of financial market volatility, the easiest thing to do is to simply not play the game. Keep money in cash and just stay away from the rigged casinos until such a time as attractive valuations return and/or the playing field is leveled.
If you remain in the markets, for heaven’s sake hedge! If you click on the link to the left there, you’ll go to an article written by Adam Taggart that describes the basics of portfolio hedging.
Our recommended financial advisors use very proactive hedging strategies to limit downside volatility and minimize the sorts of punishing losses that can result from bear markets.
I am personally sitting in cash, gold, silver, real estate, a local investment, and a small short position on the S&P 500. That is, I am mainly on the sidelines as I await the inevitable correction that our feckless ‘leaders’ have engineered for us all.
Other people prefer to be more actively invested in the stock and bond markets, which I completely understand. I still would caution those individuals to be ready to…
How To Prepare For Volatility
PREVIEW by Chris MartensonExecutive Summary
- What Fort McMurray is teaching us about situational awareness
- The wisdom of planning, testing & executing your plans in advance of crisis
- Preparing in case your entire country starts failing
- The value of emotional preparedness
If you have not yet read Chaos And Volatility On The Rise, available free to all readers, please click here to read it first.
Okay, so what can any of us do to really prepare ourselves for volatility and the sorts of uncertainty that the world is presenting to us?
Quite a lot actually.
In the case of financial market volatility, the easiest thing to do is to simply not play the game. Keep money in cash and just stay away from the rigged casinos until such a time as attractive valuations return and/or the playing field is leveled.
If you remain in the markets, for heaven’s sake hedge! If you click on the link to the left there, you’ll go to an article written by Adam Taggart that describes the basics of portfolio hedging.
Our recommended financial advisors use very proactive hedging strategies to limit downside volatility and minimize the sorts of punishing losses that can result from bear markets.
I am personally sitting in cash, gold, silver, real estate, a local investment, and a small short position on the S&P 500. That is, I am mainly on the sidelines as I await the inevitable correction that our feckless ‘leaders’ have engineered for us all.
Other people prefer to be more actively invested in the stock and bond markets, which I completely understand. I still would caution those individuals to be ready to…
I was fortunate to attend a permaculture conference, 'Better Soil, Better Food…A Better World' at Tara Firma Farms in Petaluma, California this past weekend that Adam Taggart (co-founder of Peak Prosperity) was responsible for producing. Joel Salatin (author of nine books, including Everything I Want To Do Is Illegal: War Stories from the Local Food Front and head farmer at Polyface Farms, Virginia), Paul Kaiser (Singing Frogs Farm, Sonoma, California), Toby Hemenway (author of Gaia's Garden: A Guide to Home-Scale Permaculture, 2nd Edition), and Robb Wolf (author of The Paleo Solution: The Original Human Diet) were on hand to explain the connections between the way our food is grown, processed and distributed and our ill-health.
Though these connections are common sense—we all know about garbage in, garbage out—the linkage between our extractive, monoculture agriculture and all the other subsystems of food and health remains opaque to most Americans.
Why We’re So Unhealthy
by charleshughsmithI was fortunate to attend a permaculture conference, 'Better Soil, Better Food…A Better World' at Tara Firma Farms in Petaluma, California this past weekend that Adam Taggart (co-founder of Peak Prosperity) was responsible for producing. Joel Salatin (author of nine books, including Everything I Want To Do Is Illegal: War Stories from the Local Food Front and head farmer at Polyface Farms, Virginia), Paul Kaiser (Singing Frogs Farm, Sonoma, California), Toby Hemenway (author of Gaia's Garden: A Guide to Home-Scale Permaculture, 2nd Edition), and Robb Wolf (author of The Paleo Solution: The Original Human Diet) were on hand to explain the connections between the way our food is grown, processed and distributed and our ill-health.
Though these connections are common sense—we all know about garbage in, garbage out—the linkage between our extractive, monoculture agriculture and all the other subsystems of food and health remains opaque to most Americans.