Energy
On Thursday, the European Central Bank (ECB) took the historically unprecedented step of lowering certain of its interest rates below 0%. In a report to our premium subscribers immediately following the announcement, Chris likened the move to the policy equivalent of dropping a neutron bomb.
In the days following, despite the ECB attempting to clarify its stance further, many questions still linger; most notably: What exactly will the implications of this negative interest rate (NIRP) policy be?
Alasdair Macleod: All You Need To Know About Negative Interest Rates
by Adam TaggartOn Thursday, the European Central Bank (ECB) took the historically unprecedented step of lowering certain of its interest rates below 0%. In a report to our premium subscribers immediately following the announcement, Chris likened the move to the policy equivalent of dropping a neutron bomb.
In the days following, despite the ECB attempting to clarify its stance further, many questions still linger; most notably: What exactly will the implications of this negative interest rate (NIRP) policy be?
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Solar Joos Orange Portable Solar Battery & Charger
by JWSpecial Bonus for PeakProsperity.com Readers
We are pleased to announce that PrepareDirect is offering PeakProsperity.com members a special bonus with each Solar Joos Orange Portable Solar Battery & Charger ordered – A bonus reflector kit – a $24.95 value. This reflector can improve charge times up to 40%! The perfect add-on to this simple solar charger system.
The US shale oil "miracle" has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California.
As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources.
But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed.
The US Shale Oil Miracle Disappears
by Chris MartensonThe US shale oil "miracle" has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California.
As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources.
But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed.
Executive Summary
- The math explaining why Ukraine was a predictable flashpoint
- Why the IMF's "help" is about to make the Ukranian situation a lot worse
- Implications for those considering relocating inside or outside of the US
- Chris' "must have" ingredients that make a potential relocation destination worth considering
If you have not yet read Rising Resource Costs Escalate Odds of Global Unrest, available free to all readers, please click here to read it first.
Ukraine
Now back to Dave’s original series of questions. I think that Ukraine was primed and ready for a shove into instability.
There’s a well known psychology experiment where two male rats can be placed in a cage where they will live somewhat happily as long as they have sufficient food. However, if painful electric shocks are applied to the floor of the cage in such a way that the rats cannot escape, the two males will begin fighting.
Keep up the shocks long enough and the fighting will be severe, even to the death.
What’s happening? The rats lack the context to know that the shocks are coming from outside somewhere. The only thing they can project their discomfort onto is the only other living thing in their sight – the other rat.
So they fight.
Similarly, the people of Ukraine lack the context to know just who is to blame for the unpleasant conditions in which they live and seemingly cannot escape. So they blame each other and fight each other. They blame the President and so he’s gone. But the next one, and the ones following, will be just as bad; and eventually they will each be in turn ousted, too.
The problem is the shocks are not being caused by players they can see and blame. We’ll get to more on that in a minute.
By the numbers, the …:
What To Avoid When Relocating
PREVIEW by Chris MartensonExecutive Summary
- The math explaining why Ukraine was a predictable flashpoint
- Why the IMF's "help" is about to make the Ukranian situation a lot worse
- Implications for those considering relocating inside or outside of the US
- Chris' "must have" ingredients that make a potential relocation destination worth considering
If you have not yet read Rising Resource Costs Escalate Odds of Global Unrest, available free to all readers, please click here to read it first.
Ukraine
Now back to Dave’s original series of questions. I think that Ukraine was primed and ready for a shove into instability.
There’s a well known psychology experiment where two male rats can be placed in a cage where they will live somewhat happily as long as they have sufficient food. However, if painful electric shocks are applied to the floor of the cage in such a way that the rats cannot escape, the two males will begin fighting.
Keep up the shocks long enough and the fighting will be severe, even to the death.
What’s happening? The rats lack the context to know that the shocks are coming from outside somewhere. The only thing they can project their discomfort onto is the only other living thing in their sight – the other rat.
So they fight.
Similarly, the people of Ukraine lack the context to know just who is to blame for the unpleasant conditions in which they live and seemingly cannot escape. So they blame each other and fight each other. They blame the President and so he’s gone. But the next one, and the ones following, will be just as bad; and eventually they will each be in turn ousted, too.
The problem is the shocks are not being caused by players they can see and blame. We’ll get to more on that in a minute.
By the numbers, the …:
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