Insider
by
Adam Taggart
Executive Summary
If you have not yet read Part 1: Fortunes Will Be Made & Lost When Capital Flees To Safety available free to all readers, please click here to read it first.
So, given the conclusions in Part 1 — as well as the larger risks to the economy and financial markets that we analyze daily here at Peak Prosperity — how am I positioning my own personal investments?
I get asked this question often. Often enough that I'm deciding to open the kimono here and let it drop to the ground. Everyone interested to look will get the full frontal.
Before I do though, let me make a few things absolutely clear. This is NOT personal financial advice. The investment choices I've made are based on my own unique situation, financial goals and risk tolerance. And I may change these choices at any moment given new market developments. What's appropriate for me may not be for you, so DO NOT blindly duplicate what I'm doing.
As always, we recommend working with a professional financial adviser to build an investment plan customized to your own needs and objectives. (If you do not have a financial adviser or do not feel comfortable with your current adviser's expertise in the market risks we discuss here at PeakProsperity.com, consider scheduling a free consultation with our endorsed adviser)
Suffice it to say, any investment ideas sparked by this report should be reviewed with your financial adviser before taking any action. Am I being excessively repetitive here in order to drive this point home? Good…
OK, with that out of the way, let's get started. I'll walk through the asset classes I own and my rationale for holding each.
The strategy behind my portfolio allocation is of my own devise, though it has been influenced in no small part by the good folks at New Harbor Financial, Peak Prosperity's aforementioned endorsed financial adviser.
At a high level, it has been constructed to address my strongly-held conclusions that:
- Prices of most asset classes are dangerously overvalued
- The risk of another economic contraction on par with (or greater than) the Great Recession within the next 2-4 years is uncomfortably high
- The most likely path is we will experience a short period of coming deflation, followed soon after by one of high inflation as central banks starting printing currency without restraint (the Ka-POOM theory)
- Capital will increasingly want to flow from paper assets (tertiary wealth) into tangible ones (primary and secondary wealth)
- This is a time to prioritize protecting capital (defense) over speculating on how to grow it (offense)
- Diversification is wise: just be emotionally prepared that some of your bets, by definition, will not pay off
- In today's world of financial repression, no asset class is truly "safe". As such, asset performance is all relative.
This is not a swing-for-the-fences portfolio. It's much more of a prepare-for-the-storm approach…
How My Personal Portfolio Is Positioned Right Now
PREVIEW by Adam TaggartExecutive Summary
If you have not yet read Part 1: Fortunes Will Be Made & Lost When Capital Flees To Safety available free to all readers, please click here to read it first.
So, given the conclusions in Part 1 — as well as the larger risks to the economy and financial markets that we analyze daily here at Peak Prosperity — how am I positioning my own personal investments?
I get asked this question often. Often enough that I'm deciding to open the kimono here and let it drop to the ground. Everyone interested to look will get the full frontal.
Before I do though, let me make a few things absolutely clear. This is NOT personal financial advice. The investment choices I've made are based on my own unique situation, financial goals and risk tolerance. And I may change these choices at any moment given new market developments. What's appropriate for me may not be for you, so DO NOT blindly duplicate what I'm doing.
As always, we recommend working with a professional financial adviser to build an investment plan customized to your own needs and objectives. (If you do not have a financial adviser or do not feel comfortable with your current adviser's expertise in the market risks we discuss here at PeakProsperity.com, consider scheduling a free consultation with our endorsed adviser)
Suffice it to say, any investment ideas sparked by this report should be reviewed with your financial adviser before taking any action. Am I being excessively repetitive here in order to drive this point home? Good…
OK, with that out of the way, let's get started. I'll walk through the asset classes I own and my rationale for holding each.
The strategy behind my portfolio allocation is of my own devise, though it has been influenced in no small part by the good folks at New Harbor Financial, Peak Prosperity's aforementioned endorsed financial adviser.
At a high level, it has been constructed to address my strongly-held conclusions that:
- Prices of most asset classes are dangerously overvalued
- The risk of another economic contraction on par with (or greater than) the Great Recession within the next 2-4 years is uncomfortably high
- The most likely path is we will experience a short period of coming deflation, followed soon after by one of high inflation as central banks starting printing currency without restraint (the Ka-POOM theory)
- Capital will increasingly want to flow from paper assets (tertiary wealth) into tangible ones (primary and secondary wealth)
- This is a time to prioritize protecting capital (defense) over speculating on how to grow it (offense)
- Diversification is wise: just be emotionally prepared that some of your bets, by definition, will not pay off
- In today's world of financial repression, no asset class is truly "safe". As such, asset performance is all relative.
This is not a swing-for-the-fences portfolio. It's much more of a prepare-for-the-storm approach…
by
Chris Martenson
Executive Summary
- How to Prepare for:
- Trade War
- Energy War
- Financial War
- Cyberwar
- Grid-down attack
- Conventional Shooting War
- Nuclear War
If you have not yet read Part 1: Tensions Between US/NATO & Russia Are Flaring Dangerously available free to all readers, please click here to read it first.
As a preamble, I need to note that I do not enjoy or derive any satisfaction from writing about or spending time on figuring out how to dodge the worst impacts of human behavior. War sits right at the top of my ‘this is stupid’ list. War should be the very last resort after all other diplomatic efforts have failed. I am sorry that I have to spend time writing this report, and I am sorry that you have to spend time considering it.
As (sadly) expected, things have only escalated over the past several years, not deescalated. The West has a serious bone to pick with Russia and nobody can rationally explain what or why that might be. I happen to think this is all about bruised neocon egos over Syria, while others think this is just military industrial business being waged in typical fashion. But it really doesn’t matter what the explanation is; at this point we have to accept that things are at a dangerous point and do our best to respond appropriately.
The consequences of a war between Russia and the US/NATO could range from a very minor skirmish fought over some relatively meaningless items of trade, to an attack on financial markets, all the way to an all-out nuclear exchange.
The question becomes, what, if anything, can we do to prepare?
Lots as it turns out.
No matter where you live, even if you are close to Ukraine and face the prospect of being near a front line that might develop in the future, there is lots that you can and should do. Luckily, most of the preparations are similar to those you should be undertaking anyways, war worries or not, so they won’t cost you anything extra in terms of time or money.
What you end up doing depends on which sort of war you consider most likely, where you happen to live, and your means. So let’s consider the range of possibilities here…
How To Prepare For War
PREVIEW by Chris MartensonExecutive Summary
- How to Prepare for:
- Trade War
- Energy War
- Financial War
- Cyberwar
- Grid-down attack
- Conventional Shooting War
- Nuclear War
If you have not yet read Part 1: Tensions Between US/NATO & Russia Are Flaring Dangerously available free to all readers, please click here to read it first.
As a preamble, I need to note that I do not enjoy or derive any satisfaction from writing about or spending time on figuring out how to dodge the worst impacts of human behavior. War sits right at the top of my ‘this is stupid’ list. War should be the very last resort after all other diplomatic efforts have failed. I am sorry that I have to spend time writing this report, and I am sorry that you have to spend time considering it.
As (sadly) expected, things have only escalated over the past several years, not deescalated. The West has a serious bone to pick with Russia and nobody can rationally explain what or why that might be. I happen to think this is all about bruised neocon egos over Syria, while others think this is just military industrial business being waged in typical fashion. But it really doesn’t matter what the explanation is; at this point we have to accept that things are at a dangerous point and do our best to respond appropriately.
The consequences of a war between Russia and the US/NATO could range from a very minor skirmish fought over some relatively meaningless items of trade, to an attack on financial markets, all the way to an all-out nuclear exchange.
The question becomes, what, if anything, can we do to prepare?
Lots as it turns out.
No matter where you live, even if you are close to Ukraine and face the prospect of being near a front line that might develop in the future, there is lots that you can and should do. Luckily, most of the preparations are similar to those you should be undertaking anyways, war worries or not, so they won’t cost you anything extra in terms of time or money.
What you end up doing depends on which sort of war you consider most likely, where you happen to live, and your means. So let’s consider the range of possibilities here…
by
charleshughsmith
Executive Summary
- How will increasing capital controls around the world affect demand for cryptocurrencies?
- The big banks and corporations are embracing the blockchain. Will that make it harder to ban cryptocurrencies?
- With far less than 1% of the population holding cryptocurrencies, how large is the remaining updside?
- What the future may hold for bitcoin and its digital brethren
If you have not yet read An Everyman's Guide To Understanding Cryptocurrencies, available free to all readers, please click here to read it first.
In Part 1, we sketched a brief overview of cryptocurrencies and their potential role as a means of transferring and thus preserving capital from depreciating currencies in destabilized economies to more secure currencies/assets elsewhere in the world.
The Rise of Capital Controls Fuels the Use of Cryptocurrencies
As governments actively devalue their currencies (thereby making everyone using the currency poorer), their citizenry with financial capital are forced to seek ways to move their at-risk wealth into other currencies or assets.
China is a prime example of this trend. As the U.S. dollar has soared 20+%, China’s currency has strengthened along with the USD due to the yuan being pegged to the USD. In response, China must devalue its currency to maintain the global competitiveness of its export sector.
Faced with a massive loss of purchasing power, China’s wealthy class has moved their wealth and their families out of China. This flood of capital has pushed up housing prices in favored markets such as Vancouver B.C. and west coast cities in the U.S.
The sums being transferred abroad are non-trivial. Estimates range into the trillions of dollars. Many observers see the rise of capital controls as…
Will Cryptocurrencies Soar as the Global Economy Falters?
PREVIEW by charleshughsmithExecutive Summary
- How will increasing capital controls around the world affect demand for cryptocurrencies?
- The big banks and corporations are embracing the blockchain. Will that make it harder to ban cryptocurrencies?
- With far less than 1% of the population holding cryptocurrencies, how large is the remaining updside?
- What the future may hold for bitcoin and its digital brethren
If you have not yet read An Everyman's Guide To Understanding Cryptocurrencies, available free to all readers, please click here to read it first.
In Part 1, we sketched a brief overview of cryptocurrencies and their potential role as a means of transferring and thus preserving capital from depreciating currencies in destabilized economies to more secure currencies/assets elsewhere in the world.
The Rise of Capital Controls Fuels the Use of Cryptocurrencies
As governments actively devalue their currencies (thereby making everyone using the currency poorer), their citizenry with financial capital are forced to seek ways to move their at-risk wealth into other currencies or assets.
China is a prime example of this trend. As the U.S. dollar has soared 20+%, China’s currency has strengthened along with the USD due to the yuan being pegged to the USD. In response, China must devalue its currency to maintain the global competitiveness of its export sector.
Faced with a massive loss of purchasing power, China’s wealthy class has moved their wealth and their families out of China. This flood of capital has pushed up housing prices in favored markets such as Vancouver B.C. and west coast cities in the U.S.
The sums being transferred abroad are non-trivial. Estimates range into the trillions of dollars. Many observers see the rise of capital controls as…
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