growth
Why The Next Downturn Will Be The Most Destructive In Modern History — And Why You Must Act Now In Order To Preserve Your Wealth (and the Planet!)
by Adam Taggart
Off The Cuff: So Then What?
by Adam TaggartIn this week's Off The Cuff podcast, Chris discusses:
- So Then What?
- The cost of growth may be much higher than we truly want
- The Exponential Model Can't Work Forever
- Simple math, but wishful thinking ignores it
- Data, Debt & Demographics
- The really big trends all point to growing scarcity
- Spend Less & Spend Local
- Smart frugality is the path of the future
This week Chris explores: What will happen if those cheering for higher economic growth indeed get what they want? Will things really be better off?
Simply put: No.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Off The Cuff: So Then What?
by Adam TaggartIn this week's Off The Cuff podcast, Chris discusses:
- So Then What?
- The cost of growth may be much higher than we truly want
- The Exponential Model Can't Work Forever
- Simple math, but wishful thinking ignores it
- Data, Debt & Demographics
- The really big trends all point to growing scarcity
- Spend Less & Spend Local
- Smart frugality is the path of the future
This week Chris explores: What will happen if those cheering for higher economic growth indeed get what they want? Will things really be better off?
Simply put: No.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Richard Sylla: This Is An Inherently Dangerous Moment In History
by Adam Taggart“The rates we’ve had in recent years, including right now, are the lowest in history. The book that I co-authored on the history of interest rates traces back to the code of Hammurabi, Babylonian civilization, Greek and Roman civilization, the Middle Ages, the Renaissance, and early modern history right up to the present. And I can assure our listeners that the rates that they’re experiencing right now are the lowest in human history.”
So says Richard Sylla, Professor Emeritus of Economics and the Former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University’s Stern School of Business. He is also co-author of the book A History Of Interest Rates.
We invited Professor Sylla onto the podcast after hearing his work favorably referenced by the panel convened at the recent hearing held by the US Congress titled: “The Federal Reserve’s Impact on Main Street, Retirees and Savings.”
Based on his deep study across the scope of millennia of human history, Sylla warns we are at a dangerous moment in time.
Richard Sylla: This Is An Inherently Dangerous Moment In History
by Adam Taggart“The rates we’ve had in recent years, including right now, are the lowest in history. The book that I co-authored on the history of interest rates traces back to the code of Hammurabi, Babylonian civilization, Greek and Roman civilization, the Middle Ages, the Renaissance, and early modern history right up to the present. And I can assure our listeners that the rates that they’re experiencing right now are the lowest in human history.”
So says Richard Sylla, Professor Emeritus of Economics and the Former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University’s Stern School of Business. He is also co-author of the book A History Of Interest Rates.
We invited Professor Sylla onto the podcast after hearing his work favorably referenced by the panel convened at the recent hearing held by the US Congress titled: “The Federal Reserve’s Impact on Main Street, Retirees and Savings.”
Based on his deep study across the scope of millennia of human history, Sylla warns we are at a dangerous moment in time.
Joseph Tainter: The Collapse Of Complex Societies
by Adam TaggartBy popular demand, we welcome Joseph Tainter, USU professor and author of The Collapse Of Complex Societies (free book download here).
Dr. Tainter sees many of the same unsustainable risks the PeakProsperity.com audience focuses on — an overleveraged economy, declining net energy per capita, and depleting key resources.
He argues that the sustainability or collapse of a society follows from the success or failure of its problem-solving institutions. His work shows that societies collapse when their investments in social complexity and their energy subsidies reach a point of diminishing marginal returns. That is what we are going to be talking about today, especially in regards to where our culture is today, the risks it faces, and whether or not we might already be past the tipping point towards collapse but just don’t know it yet.
Joseph Tainter: The Collapse Of Complex Societies
by Adam TaggartBy popular demand, we welcome Joseph Tainter, USU professor and author of The Collapse Of Complex Societies (free book download here).
Dr. Tainter sees many of the same unsustainable risks the PeakProsperity.com audience focuses on — an overleveraged economy, declining net energy per capita, and depleting key resources.
He argues that the sustainability or collapse of a society follows from the success or failure of its problem-solving institutions. His work shows that societies collapse when their investments in social complexity and their energy subsidies reach a point of diminishing marginal returns. That is what we are going to be talking about today, especially in regards to where our culture is today, the risks it faces, and whether or not we might already be past the tipping point towards collapse but just don’t know it yet.
Get Ready For The Coming Massive Correction
by Chris MartensonExecutive Summary
- The economic data is getting darker fast
- The over-indebtedness of the economy is the worst it's ever been
- Predicting the timing of the next major market correction
- As the risks mount, what should the concerned investor do?
If you have not yet read Part 1: Why The Markets Are Overdue For A Gigantic Bust available free to all readers, please click here to read it first.
The Data Says…Another Downturn Is Upon Us
Our view is that a massive market correction is coming, one that may well rip the financial markets apart, and cause very long-term and long lasting damage, possibly to the point of taking generations to repair in any meaningful sense.
In fact things may never actually recover to the current heights because recovery requires energy and there simply isn’t the net energy per capita that existed in the past.
For now, we see plenty of signs of fundamental economic weakness, and this is not surprising at this stage of the so-called economic expansion. The truth is this expansion has been phony to a large degree, and quite probably should have broken down many times in the past, most recently in early 2016.
But the central banks prevented that and we can all feel thankful at the extra time that has provided us to become more resilient under reasonably calm circumstances.
And yet, the one thing that central banks have never been able to do is…
Get Ready For The Coming Massive Correction
by Chris MartensonExecutive Summary
- The economic data is getting darker fast
- The over-indebtedness of the economy is the worst it's ever been
- Predicting the timing of the next major market correction
- As the risks mount, what should the concerned investor do?
If you have not yet read Part 1: Why The Markets Are Overdue For A Gigantic Bust available free to all readers, please click here to read it first.
The Data Says…Another Downturn Is Upon Us
Our view is that a massive market correction is coming, one that may well rip the financial markets apart, and cause very long-term and long lasting damage, possibly to the point of taking generations to repair in any meaningful sense.
In fact things may never actually recover to the current heights because recovery requires energy and there simply isn’t the net energy per capita that existed in the past.
For now, we see plenty of signs of fundamental economic weakness, and this is not surprising at this stage of the so-called economic expansion. The truth is this expansion has been phony to a large degree, and quite probably should have broken down many times in the past, most recently in early 2016.
But the central banks prevented that and we can all feel thankful at the extra time that has provided us to become more resilient under reasonably calm circumstances.
And yet, the one thing that central banks have never been able to do is…
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