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Economy
by
Adam Taggart
by
Chris Martenson
Gold is currently at $1,674 per ounce, having advanced $75 over the past 5 days. Importantly, from a technical perspective, the gigantic wedge that gold has been tracing out since last August (for over a year now) has been breached to the upside.
We've been tracking this in our podcasts with Mish for a while. This is the most newsworthy advance for gold in…well, a year.
Gold Breaks Out
PREVIEW by Chris MartensonGold is currently at $1,674 per ounce, having advanced $75 over the past 5 days. Importantly, from a technical perspective, the gigantic wedge that gold has been tracing out since last August (for over a year now) has been breached to the upside.
We've been tracking this in our podcasts with Mish for a while. This is the most newsworthy advance for gold in…well, a year.
by
Adam Taggart
by
Chris Martenson
Executive Summary
- Be early out the door before the Ponzi scheme collapses. How? Exchange paper investments for hard assets.
- Build your financial base with diversified cash holdings and precious metals
- Monitor the four key indicators most likely to presage a market collapse
- Use time to your best advantage
If you have not yet read Part I: What to Do When Every Market Is Manipulated, available free to all readers, please click here to read it first.
One lesson here is that the system is now out of control – and sometimes lacking the necessary safeguards and trust required to have confidence that one’s wealth will not simply evaporate or be stolen with the tap of a keyboard at some dark point in the future.
Confidence happens to be one of the most important assets of a Ponzi system, and it is being steadily eroded by the cumulative failures of the Fed, the SEC, the European Central Bank (ECB), the Bank of England, the Bank of Japan, and every other government body that have recently tossed caution, rules and precedent to the wind in their efforts to preserve the status quo. I think this is an extraordinary mistake.
Unfortunately, as the brokerage accidents MF Global and Peregrine Financial taught us, knowing which type of firm you have your money with (e.g., prime broker vs. broker vs. fiduciary trust), as well as being confident in your specific firm's financial health and management practices are prudent financial practices. The financial advisory firms that we recommend to people know all about these differences and will be happy to explain them to you in detail. They are also exceptionally good at managing risk in these uncertain times.
We always advocate investing in yourself and your homestead as the first course of action. This quiet summer has been a real snooze-fest for those tracking the markets with the VIX volatility gauge plumbing multi-year lows. That’s the good news. Hopefully you’ve used this time to put in a garden or fine-tune your green thumb, practice one or more new skills, and/or install energy systems. This quiet period will not last…the news out of Europe should make that abundantly clear.
Protecting Your Wealth
PREVIEW by Chris MartensonExecutive Summary
- Be early out the door before the Ponzi scheme collapses. How? Exchange paper investments for hard assets.
- Build your financial base with diversified cash holdings and precious metals
- Monitor the four key indicators most likely to presage a market collapse
- Use time to your best advantage
If you have not yet read Part I: What to Do When Every Market Is Manipulated, available free to all readers, please click here to read it first.
One lesson here is that the system is now out of control – and sometimes lacking the necessary safeguards and trust required to have confidence that one’s wealth will not simply evaporate or be stolen with the tap of a keyboard at some dark point in the future.
Confidence happens to be one of the most important assets of a Ponzi system, and it is being steadily eroded by the cumulative failures of the Fed, the SEC, the European Central Bank (ECB), the Bank of England, the Bank of Japan, and every other government body that have recently tossed caution, rules and precedent to the wind in their efforts to preserve the status quo. I think this is an extraordinary mistake.
Unfortunately, as the brokerage accidents MF Global and Peregrine Financial taught us, knowing which type of firm you have your money with (e.g., prime broker vs. broker vs. fiduciary trust), as well as being confident in your specific firm's financial health and management practices are prudent financial practices. The financial advisory firms that we recommend to people know all about these differences and will be happy to explain them to you in detail. They are also exceptionally good at managing risk in these uncertain times.
We always advocate investing in yourself and your homestead as the first course of action. This quiet summer has been a real snooze-fest for those tracking the markets with the VIX volatility gauge plumbing multi-year lows. That’s the good news. Hopefully you’ve used this time to put in a garden or fine-tune your green thumb, practice one or more new skills, and/or install energy systems. This quiet period will not last…the news out of Europe should make that abundantly clear.
by
JW
by
Chris Martenson
With a new site and a number of new irons in the fire, Adam and I thought it a good time to revisit and renew the mission behind this movement.
Simply put, our mission is to create a world worth inheriting. By this we mean a clean, healthy living environment, a durable economy, and prosperous opportunities for all who participate with us. That's our big, lofty aim.
At heart, our view is that our policies, uses, and practices in all of the Three “E”s are unsustainable. One cannot forever grow non-renewable resource use in a finite world. The exponential nature of that growth just hastens things along.
Because of hard constraints, our exponential money and debt systems are on a collision course with reality. We will first and most immediately — and personally — experience the deleterious effects of this in what we call 'the economy' in the form of stagnant growth, rising unemployment, and various ills and maladies within the financial markets.
This is just another way of saying that very big changes are coming our way. In fact, they are here already.
The simple conclusion is that we must either change our habits and ways on our own terms — or on Nature's. We face a future that will be shaped either by disaster or design.
Here at Peak Prosperity, we are solidly behind the idea of positive change made on our own terms and that we are each responsible for whatever future is created.
There are a number of things that we absolutely have to do in order to achieve our mission. And at the top of the list is reaching and influencing a lot of people (millions upon millions) and doing so effectively.
Creating a World Worth Inheriting
by Chris MartensonWith a new site and a number of new irons in the fire, Adam and I thought it a good time to revisit and renew the mission behind this movement.
Simply put, our mission is to create a world worth inheriting. By this we mean a clean, healthy living environment, a durable economy, and prosperous opportunities for all who participate with us. That's our big, lofty aim.
At heart, our view is that our policies, uses, and practices in all of the Three “E”s are unsustainable. One cannot forever grow non-renewable resource use in a finite world. The exponential nature of that growth just hastens things along.
Because of hard constraints, our exponential money and debt systems are on a collision course with reality. We will first and most immediately — and personally — experience the deleterious effects of this in what we call 'the economy' in the form of stagnant growth, rising unemployment, and various ills and maladies within the financial markets.
This is just another way of saying that very big changes are coming our way. In fact, they are here already.
The simple conclusion is that we must either change our habits and ways on our own terms — or on Nature's. We face a future that will be shaped either by disaster or design.
Here at Peak Prosperity, we are solidly behind the idea of positive change made on our own terms and that we are each responsible for whatever future is created.
There are a number of things that we absolutely have to do in order to achieve our mission. And at the top of the list is reaching and influencing a lot of people (millions upon millions) and doing so effectively.
by
Adam Taggart
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