Insider
by
Adam Taggart
Last year, I detailed out my personal investments in the report How My Portfolio Is Positioned Right Now. It turned out to be one of our most popular articles over the past few years.
In it, I mentioned that I'll do my best to update our subscribers when I make a material change to my portfolio allocation.
Well, I just did.
I Just Added To My Short Position
PREVIEW by Adam TaggartLast year, I detailed out my personal investments in the report How My Portfolio Is Positioned Right Now. It turned out to be one of our most popular articles over the past few years.
In it, I mentioned that I'll do my best to update our subscribers when I make a material change to my portfolio allocation.
Well, I just did.
by
Chris Martenson
Executive Summary
- Knowing, Doing & Being
- Preparing for and embracing de-growth
- Getting your perspective straight
- Ways to participate
If you have not yet read Part 1: Signs Of Distress available free to all readers, please click here to read it first.
How We Fix This
At Peak Prosperity our model for squaring up to reality and taking action has three components.
Knowing – refers to gathering the best and most complete data and letting it tell the tale. Often this is hard work, mainly because much if it is ‘not happy data’ and sometimes leads to grief, such as when I view the decline in butterfly populations.
Doing – once armed with the data that says “DO SOMETHING!” we figure you should probably do something. The Eight Forms Of Capital framework in Prosper! lays out a great starting point for anyone. Stepping through each form of capital not only makes you more resilient for any future that might arrive, but happier, more well connected, and healthier today. It’s a win-win and that’s why we like it. Of course Adam and I live what we preach, so there’s nothing in there that we are not following ourselves.
Being – nothing that we do will matter in the end of we humans do not find a new way to be on this planet with each other. We need to be able to tame our egos to the point that we can finally know when to say “enough!” because we know that more stuff isn’t where our happiness and contentment come from. Further we need to remember that are a part of not apart from nature. Reconnecting to the natural world is a huge and important part of being alive and content. Mastering being allows us to experience lives of amazing abundance, in part by being grateful for what we do have rather than consumed by what we do not have.
Once we are on the path of aligning ourselves and our actions with the reality of the world we become…
Joining The Quiet Revolution
PREVIEW by Chris MartensonExecutive Summary
- Knowing, Doing & Being
- Preparing for and embracing de-growth
- Getting your perspective straight
- Ways to participate
If you have not yet read Part 1: Signs Of Distress available free to all readers, please click here to read it first.
How We Fix This
At Peak Prosperity our model for squaring up to reality and taking action has three components.
Knowing – refers to gathering the best and most complete data and letting it tell the tale. Often this is hard work, mainly because much if it is ‘not happy data’ and sometimes leads to grief, such as when I view the decline in butterfly populations.
Doing – once armed with the data that says “DO SOMETHING!” we figure you should probably do something. The Eight Forms Of Capital framework in Prosper! lays out a great starting point for anyone. Stepping through each form of capital not only makes you more resilient for any future that might arrive, but happier, more well connected, and healthier today. It’s a win-win and that’s why we like it. Of course Adam and I live what we preach, so there’s nothing in there that we are not following ourselves.
Being – nothing that we do will matter in the end of we humans do not find a new way to be on this planet with each other. We need to be able to tame our egos to the point that we can finally know when to say “enough!” because we know that more stuff isn’t where our happiness and contentment come from. Further we need to remember that are a part of not apart from nature. Reconnecting to the natural world is a huge and important part of being alive and content. Mastering being allows us to experience lives of amazing abundance, in part by being grateful for what we do have rather than consumed by what we do not have.
Once we are on the path of aligning ourselves and our actions with the reality of the world we become…
by
Chris Martenson
The War on Cash is now spreading to gold. The Powers That Be want to assure that you have no escape hatches, no means of avoiding the financial and economic pain they are about to visit upon you and yours.
They hate gold because it represents a vote against them every time someone chooses gold over their own poorly-managed fiat currency. They hate cash to the extent that real cash (i.e., physical banknotes) held outside of the banking system might allow you to avoid having your savings stolen during an overnight application of new banking rules (e..g, a bail-in) that would transfer your wealth into whatever financial hole your idiot bank executives had managed to dig for themselves.
These ridiculous moves tell me that we're nearing the end-stage of this long-running farce. Too many years of stimulating borrowing above and beyond any reasonable expectation of ever paying those debts back have now driven the system to a terminal stage.
The War On Gold Intensifies
PREVIEW by Chris MartensonThe War on Cash is now spreading to gold. The Powers That Be want to assure that you have no escape hatches, no means of avoiding the financial and economic pain they are about to visit upon you and yours.
They hate gold because it represents a vote against them every time someone chooses gold over their own poorly-managed fiat currency. They hate cash to the extent that real cash (i.e., physical banknotes) held outside of the banking system might allow you to avoid having your savings stolen during an overnight application of new banking rules (e..g, a bail-in) that would transfer your wealth into whatever financial hole your idiot bank executives had managed to dig for themselves.
These ridiculous moves tell me that we're nearing the end-stage of this long-running farce. Too many years of stimulating borrowing above and beyond any reasonable expectation of ever paying those debts back have now driven the system to a terminal stage.
by
Chris Martenson
Executive Summary
- The dangerous shortcomings of the world's dominant 'Neoclassical' economic models
- The predictive advantage of understanding the Overton Window
- The alternative (and very likely better) models of Keen and Minsky
- The critical improvement to ALL models of tying economics to energy/resources
If you have not yet read Part 1: Bad Models Result In Terrible Outcomes available free to all readers, please click here to read it first.
So let’s see if we can understand the model errors for the central banks. Again this is important because if they’ve got it wrong, then we all will pay a very heavy price — with Venezuela, Argentina, and Zimbabwe all providing vivid examples of what happens when the social contract of money is ruined.
To begin, the current crop of monetary practitioners at the world’s central banks are all devotees and advocates of the neoclassical branch of economics. It’s an odd dogma for them to hold because its track record at explaining or predicting what has either happened or might yet happen is utterly dismal.
As Steve Keen explains:
[Economics as understood by the central bankers] has always been grounded in the beliefs that (a) capitalism is inherently stable, (b) that the financial sector can be ignored—yes that’s right, ignored—when doing macroeconomics, and (c) that the Great Depression was an anomaly that can also be ignored, because it can only have been caused either by an exogenous shock or bad government policy, both of which cannot be predicted in advance.
(Source)
The main flaw in the neoclassical approach to economics is that it completely ignores, or rather assumes away, any and all trends in debt creation. In this bizarrely incomplete system of thinking, the financial system is considered to be, essentially, a self-correcting zero-sum entity (that balances itself out nicely with a little help now and then).
So such things as carefully tracking GDP increase per new unit of debt, overall indebtedness ratios and understanding that crises are bred from complacency are of no practical concern to a neoclassical economist, such as those fully occupying the halls of power currently.
One way to understand the dogma that infects the central banking halls of power lies in what Jim Kunstler recently surfaced in a piece he wrote on the Overton Window, which, importantly…
A Better Model For Predicting What Happens Next
PREVIEW by Chris MartensonExecutive Summary
- The dangerous shortcomings of the world's dominant 'Neoclassical' economic models
- The predictive advantage of understanding the Overton Window
- The alternative (and very likely better) models of Keen and Minsky
- The critical improvement to ALL models of tying economics to energy/resources
If you have not yet read Part 1: Bad Models Result In Terrible Outcomes available free to all readers, please click here to read it first.
So let’s see if we can understand the model errors for the central banks. Again this is important because if they’ve got it wrong, then we all will pay a very heavy price — with Venezuela, Argentina, and Zimbabwe all providing vivid examples of what happens when the social contract of money is ruined.
To begin, the current crop of monetary practitioners at the world’s central banks are all devotees and advocates of the neoclassical branch of economics. It’s an odd dogma for them to hold because its track record at explaining or predicting what has either happened or might yet happen is utterly dismal.
As Steve Keen explains:
[Economics as understood by the central bankers] has always been grounded in the beliefs that (a) capitalism is inherently stable, (b) that the financial sector can be ignored—yes that’s right, ignored—when doing macroeconomics, and (c) that the Great Depression was an anomaly that can also be ignored, because it can only have been caused either by an exogenous shock or bad government policy, both of which cannot be predicted in advance.
(Source)
The main flaw in the neoclassical approach to economics is that it completely ignores, or rather assumes away, any and all trends in debt creation. In this bizarrely incomplete system of thinking, the financial system is considered to be, essentially, a self-correcting zero-sum entity (that balances itself out nicely with a little help now and then).
So such things as carefully tracking GDP increase per new unit of debt, overall indebtedness ratios and understanding that crises are bred from complacency are of no practical concern to a neoclassical economist, such as those fully occupying the halls of power currently.
One way to understand the dogma that infects the central banking halls of power lies in what Jim Kunstler recently surfaced in a piece he wrote on the Overton Window, which, importantly…
Total 1089 items
Community
by hgrootveldgmail-com 
Peak Financial Investing
Learn more