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Image | Surprisingly Strong Payrolls; The Kids Are Not OK
Surprisingly Strong Payrolls; The Kids Are Not OK
by davefairtex

Payrolls looked “surprisingly strong” on Friday, with the headline number at +263,000, with +250,000 expected. That wasn’t a big difference, but markets sold off hard immediately following this release – except for oil and gasoline, which had great days, apparently unaffected by payrolls one way or the other. Wolf Richter, who is usually on top…
Surprisingly Strong Payrolls; The Kids Are Not OK
 by davefairtex

Payrolls looked “surprisingly strong” on Friday, with the headline number at +263,000, with +250,000 expected. That wasn’t a big difference, but markets sold off hard immediately following this release – except for oil and gasoline, which had great days, apparently unaffected by payrolls one way or the other. Wolf Richter, who is usually on top…
Image | Is it Incompetence or Malice?
Is it Incompetence or Malice?
 PREVIEW
by Ivor

This is the continuation of Informed Consent Part 1 where Chris and George Gammon focused on the Fed and its mismanagement of the U.S. economy. Plus they discussed the impact of the UE sanctions on coal and fertilizer around the globe and what that means for food production and our standard of living. In Part…
Is it Incompetence or Malice?
 PREVIEW by Ivor

This is the continuation of Informed Consent Part 1 where Chris and George Gammon focused on the Fed and its mismanagement of the U.S. economy. Plus they discussed the impact of the UE sanctions on coal and fertilizer around the globe and what that means for food production and our standard of living. In Part…
Image | New Alliance Could Wreck Our Economy Forever
New Alliance Could Wreck Our Economy Forever
 PREVIEW
by Chris Martenson

Okay, we all know inflation is rampaging across the landscape. Fewer are aware that the U.S. Federal Reserve is unwilling to do anything about it. Whether they are indifferent to the pain they cause to the majority of U.S. families, or they are actively seeking to break the entire financial system is irrelevant. Intent is…
New Alliance Could Wreck Our Economy Forever
 PREVIEW by Chris Martenson

Okay, we all know inflation is rampaging across the landscape. Fewer are aware that the U.S. Federal Reserve is unwilling to do anything about it. Whether they are indifferent to the pain they cause to the majority of U.S. families, or they are actively seeking to break the entire financial system is irrelevant. Intent is…
Image | Hello Twenty Twenties!
Hello Twenty Twenties!
 PREVIEW
by Chris Martenson

Executive Summary

  • Why today’s ‘magnificent folly’ will unwind in the 2020s
  • The return of Peak Oil
  • Why the pace of change will accelerate faster from here
  • Why time is of the essence for those with the courage to act

If you have not yet read Part 1: Good Riddance To The ‘Twenty-Teens’, available free to all readers, please click here to read it first.

 

This next decade will be a banquet of consequences.

Our misdeeds and mistakes will all be coming home to roost.

I certainly hope you are  taking steps to prepare yourself for them. I certainly am.

The subversion of our free and fair markets has resulted in the most radical, interventionist, large-scale social experiment ever run in the modern developed world.

The early returns, unless you’re a member of the 0.1%, are dismal across the board.

The 2020’s will see the unwinding of this magnificent folly. It’s collapse will be extremely painful for the vast majority of humanity.

You see, the extremely dangerous thing about credit bubbles is that they… (Enroll now to continue reading)

ENROLL NOW TO ACCESS PART 2 IN FULL

 

Hello Twenty Twenties!
 PREVIEW by Chris Martenson

Executive Summary

  • Why today’s ‘magnificent folly’ will unwind in the 2020s
  • The return of Peak Oil
  • Why the pace of change will accelerate faster from here
  • Why time is of the essence for those with the courage to act

If you have not yet read Part 1: Good Riddance To The ‘Twenty-Teens’, available free to all readers, please click here to read it first.

 

This next decade will be a banquet of consequences.

Our misdeeds and mistakes will all be coming home to roost.

I certainly hope you are  taking steps to prepare yourself for them. I certainly am.

The subversion of our free and fair markets has resulted in the most radical, interventionist, large-scale social experiment ever run in the modern developed world.

The early returns, unless you’re a member of the 0.1%, are dismal across the board.

The 2020’s will see the unwinding of this magnificent folly. It’s collapse will be extremely painful for the vast majority of humanity.

You see, the extremely dangerous thing about credit bubbles is that they… (Enroll now to continue reading)

ENROLL NOW TO ACCESS PART 2 IN FULL

 

Image | Off The Cuff: Twilight In The Desert Has Begun
Off The Cuff: Twilight In The Desert Has Begun
 PREVIEW
by Adam Taggart

In this week's Off The Cuff podcast, Chris and Art Berman discuss:

  • Is the Ghawar oil field truly in decline?
  • If so, what are the implications?
  • What other important revelations does the Saudi Aramco prospectus contain?

In the light of the huge surprise contained in the recent Saudi Aramco prospectus, that Saudi Arabia's massive Ghawar “crown jewel” conventional oil field is in decline (currently at a maximum output of 3.8 million barrels per day vs the previous estimate of 5.8mbd), we rushed to interview seasoned petroleum geologist Art Berman on the news.

Is he as concerned about the revelation as we are?

Yes. In fact, he suspects the 3.8mbd is likely still an overly-exagerrated figure, and that the field's true max output is even lower.

In his estimation, the fiction the world has been telling itself — that Peak Oil isn't real — is about to be rudely disproven. The recent (and much more expensive) shale bonanza will prove to be a short-lived distraction, and we'll soon be face-to-face with the predicament of how to power the global economy with less net energy.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

Off The Cuff: Twilight In The Desert Has Begun
 PREVIEW by Adam Taggart

In this week's Off The Cuff podcast, Chris and Art Berman discuss:

  • Is the Ghawar oil field truly in decline?
  • If so, what are the implications?
  • What other important revelations does the Saudi Aramco prospectus contain?

In the light of the huge surprise contained in the recent Saudi Aramco prospectus, that Saudi Arabia's massive Ghawar “crown jewel” conventional oil field is in decline (currently at a maximum output of 3.8 million barrels per day vs the previous estimate of 5.8mbd), we rushed to interview seasoned petroleum geologist Art Berman on the news.

Is he as concerned about the revelation as we are?

Yes. In fact, he suspects the 3.8mbd is likely still an overly-exagerrated figure, and that the field's true max output is even lower.

In his estimation, the fiction the world has been telling itself — that Peak Oil isn't real — is about to be rudely disproven. The recent (and much more expensive) shale bonanza will prove to be a short-lived distraction, and we'll soon be face-to-face with the predicament of how to power the global economy with less net energy.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

Image | Bethany McLean: Saudi America
Bethany McLean: Saudi America
by Adam Taggart

For years now we've been covering the false promise of the American shale oil “miracle”.

Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an economic loss. And at great environmental cost.

If the shale drilling companies can't make any profit, either when oil prices are high or low — why are we still pursuing shale deposits so aggressively?
Bethany McLean: Saudi America
 by Adam Taggart

For years now we've been covering the false promise of the American shale oil “miracle”.

Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an economic loss. And at great environmental cost.

If the shale drilling companies can't make any profit, either when oil prices are high or low — why are we still pursuing shale deposits so aggressively?
Image | Art Berman: Exposing The False Promise Of Shale Oil
Art Berman: Exposing The False Promise Of Shale Oil
by Adam Taggart

Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale oil output.

Because the US is pinning huge hopes on its shale oil “revolution”, so much depends on that story being right. Here’s the narrative right now:

  • The US, is the new Saudi Arabia
  • It’s the swing producer when it comes to influencing the price of oil
  • The US will be able to increase oil production for decades to come
  • New technology is unlocking more oil shale supply all the time

But what if there’s evidence that runs counter to all of that?

We’re going to be taking a little victory lap on this week’s podcast because The Wall Street Journal has finally admitted that shale oil wells are not producing as much as the companies operating them touted they would produce — which is what we’ve been saying for years here at PeakProsperity.com, largely because we closely follow Art’s work.
Art Berman: Exposing The False Promise Of Shale Oil
 by Adam Taggart

Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale oil output.

Because the US is pinning huge hopes on its shale oil “revolution”, so much depends on that story being right. Here’s the narrative right now:

  • The US, is the new Saudi Arabia
  • It’s the swing producer when it comes to influencing the price of oil
  • The US will be able to increase oil production for decades to come
  • New technology is unlocking more oil shale supply all the time

But what if there’s evidence that runs counter to all of that?

We’re going to be taking a little victory lap on this week’s podcast because The Wall Street Journal has finally admitted that shale oil wells are not producing as much as the companies operating them touted they would produce — which is what we’ve been saying for years here at PeakProsperity.com, largely because we closely follow Art’s work.
Image | The Rich Are Planning For Catastrophe
The Rich Are Planning For Catastrophe
 PREVIEW
by Chris Martenson

Executive Summary

  • Why the wealthy are plotting to leave us behind
  • The "madness of crowds" virtually ensures a period of social chaos when the system breaks
  • The media is, and will continue to be, used to manipulate the masses
  • The growing risk of a new kind of civil war in America
  • Preparing today will give you vastly more options tomorrow

If you have not yet read Part 1: America The Insolvent available free to all readers, please click here to read it first.

The Wealthy Are Plotting To Leave Us Behind

In the absence of an official plan, you'd better have your own — something the extremely wealthy are already working on for themselves.

As the co-founders of Peak Prosperity, Adam and I happen to know and/or interact with quite a few wealthy people who are deeply concerned about the future and taking steps to assure their survival in it.  These people have access to the very best information; they know the system better than your average citizen.  They know what the weak points are and what could go wrong.

From our observations, it’s safe to say that the more insider-experience an individual has, the greater their concern.

The least-concerned people are those without much knowledge of the system (i.e., most "regular" folks). Or a weak sense of curiosity. Or, most damagingly, a propensity to get their news from the mainstream media.  Let’s just say that the information available to the “retail crowd” is either incomplete or misleading (and quite often intentionally so).

What I mean to say more directly is: if you're not already a billionaire and getting access to the very best and most accurate information, you’d do well to….

The Rich Are Planning For Catastrophe
 PREVIEW by Chris Martenson

Executive Summary

  • Why the wealthy are plotting to leave us behind
  • The "madness of crowds" virtually ensures a period of social chaos when the system breaks
  • The media is, and will continue to be, used to manipulate the masses
  • The growing risk of a new kind of civil war in America
  • Preparing today will give you vastly more options tomorrow

If you have not yet read Part 1: America The Insolvent available free to all readers, please click here to read it first.

The Wealthy Are Plotting To Leave Us Behind

In the absence of an official plan, you'd better have your own — something the extremely wealthy are already working on for themselves.

As the co-founders of Peak Prosperity, Adam and I happen to know and/or interact with quite a few wealthy people who are deeply concerned about the future and taking steps to assure their survival in it.  These people have access to the very best information; they know the system better than your average citizen.  They know what the weak points are and what could go wrong.

From our observations, it’s safe to say that the more insider-experience an individual has, the greater their concern.

The least-concerned people are those without much knowledge of the system (i.e., most "regular" folks). Or a weak sense of curiosity. Or, most damagingly, a propensity to get their news from the mainstream media.  Let’s just say that the information available to the “retail crowd” is either incomplete or misleading (and quite often intentionally so).

What I mean to say more directly is: if you're not already a billionaire and getting access to the very best and most accurate information, you’d do well to….

Image | Off The Cuff: A World Of Rising Interest Rates
Off The Cuff: A World Of Rising Interest Rates
 PREVIEW
by Adam Taggart

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • The Crashing Treasury Curve
    • Interest rates are on the move
  • Get Ready For Interest Rates To Start Rising
    • The end of a 30-year downtrend
  • When Rates Rise, Prices Will Fall
    • Bonds, stocks, housing — nearly everything
  • What's Next For Bitcoin?
    • We're witnessing a historical moment

Charles and Chris discuss the implications to anticipate should interest rates indeed start rising. The quick summary? It will change everything…

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: A World Of Rising Interest Rates
 PREVIEW by Adam Taggart

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • The Crashing Treasury Curve
    • Interest rates are on the move
  • Get Ready For Interest Rates To Start Rising
    • The end of a 30-year downtrend
  • When Rates Rise, Prices Will Fall
    • Bonds, stocks, housing — nearly everything
  • What's Next For Bitcoin?
    • We're witnessing a historical moment

Charles and Chris discuss the implications to anticipate should interest rates indeed start rising. The quick summary? It will change everything…

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.
Image | If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention
If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention
by Chris Martenson

While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, is likely to be enormous.

A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It’s upending many decades of established strategic relationships among the world's superpowers and, in particular, is throwing the Middle East into turmoil. So much is currently in flux, especially in Saudi Arabia, that nearly anything can happen next. Which is precisely why this volatile situation should command our focused attention at this time.
If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention
 by Chris Martenson

While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, is likely to be enormous.

A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It’s upending many decades of established strategic relationships among the world's superpowers and, in particular, is throwing the Middle East into turmoil. So much is currently in flux, especially in Saudi Arabia, that nearly anything can happen next. Which is precisely why this volatile situation should command our focused attention at this time.
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