Environment
Nomi Prins, Wall Street veteran turned financial industry reformist returns to the podcast this week to explain the findings within her new book Collusion: How Central Bankers Rigged The World.
Nomi has put together a timeline of exactly when and how the central banks have plundered the wealth of the masses since 2008, either directly or indirectly through the loss of purchasing power of the currencies they control.
Nomi Prins: Collusion!
by Adam TaggartNomi Prins, Wall Street veteran turned financial industry reformist returns to the podcast this week to explain the findings within her new book Collusion: How Central Bankers Rigged The World.
Nomi has put together a timeline of exactly when and how the central banks have plundered the wealth of the masses since 2008, either directly or indirectly through the loss of purchasing power of the currencies they control.
Author and commentator James Howard Kunstler returns as our podcast guest this week for an update on where we are in The Long Emergency timeline.
In this wide-raging discussion ranging from the pervasiveness of propaganda in today's media to the risk of nuclear war, Kunstler also re-news his warnings of a current secular economic slowdown.
After too many years of market interventions, magical thinking, racketeering, and bleeding the 99% dry, he warns that our culture and economic system will soon reach a snapping point.
James Howard Kunstler: The Coming Economy Of “Less”
by Adam TaggartAuthor and commentator James Howard Kunstler returns as our podcast guest this week for an update on where we are in The Long Emergency timeline.
In this wide-raging discussion ranging from the pervasiveness of propaganda in today's media to the risk of nuclear war, Kunstler also re-news his warnings of a current secular economic slowdown.
After too many years of market interventions, magical thinking, racketeering, and bleeding the 99% dry, he warns that our culture and economic system will soon reach a snapping point.
Economists are supposed to monitor and analyze the economy, warn us if risks are getting out of hand, and advise us on how to make things runs more effectively — right?
Well, even though that's what most people expect from economists, it's not at all how they see their role, warns CFA and and behavioral economist Daniel Nevins.
In short, they are the wrong people to advise us, Nevins claims, as they have no clue how the imperfect world we live in actually works.
Daniel Nevins: Economics for Independent Thinkers
by Adam TaggartEconomists are supposed to monitor and analyze the economy, warn us if risks are getting out of hand, and advise us on how to make things runs more effectively — right?
Well, even though that's what most people expect from economists, it's not at all how they see their role, warns CFA and and behavioral economist Daniel Nevins.
In short, they are the wrong people to advise us, Nevins claims, as they have no clue how the imperfect world we live in actually works.
At Peak Prosperity, we strive to help people advance in three key areas: Knowing, Doing and Being.
Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run.
But Knowing? That's the essential first part to master. Without sufficient understanding and insight to guide you, any action you take is merely groping in the dark.
The Importance Of Knowing
by Adam TaggartAt Peak Prosperity, we strive to help people advance in three key areas: Knowing, Doing and Being.
Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run.
But Knowing? That's the essential first part to master. Without sufficient understanding and insight to guide you, any action you take is merely groping in the dark.
Executive Summary
- Beware the coming reduction in global central bank money printing
- The full-blown ecological emergency
- Uncovering the hidden downside risks to the markets
- Steps to take now
If you have not yet read Part 1: Are You Infuriated Yet?available free to all readers, please click here to read it first.
I keep circling back to the financial markets because they are the chief signaling agent for most people. As long as the markets are doing okay, people’s attention wanders away from our predicaments and towards believing in the dominant "all is fine" narrative.
But, with the crystal-clear connection we see between asset prices and central bank money printing, prices in today's “markets” are really a creation of monetary policy. As a result, the signals the markets send us increasingly have no bearing on actual reality.
Here’s a good example: McDonalds' stock is hitting new high after new high. This is a function of both the ever-rising markets but also of the company's own internal accounting hocus-pocus.
This chart explains much:
(Source)
The red line tells us that MCD’s revenues are down a stunning 15% since 2014. The green line tells us that their stock price is UP an even more stunning 65% over the same time period.
Meanwhile total debt of MCD’s has mushroomed from $14 billion to $29 billion, while total assets have shrunk. Yet MCD's stock price has risen handsomely.
The critical insight this is telling us about today's markets is…
It’s High Time For Action
PREVIEW by Chris MartensonExecutive Summary
- Beware the coming reduction in global central bank money printing
- The full-blown ecological emergency
- Uncovering the hidden downside risks to the markets
- Steps to take now
If you have not yet read Part 1: Are You Infuriated Yet?available free to all readers, please click here to read it first.
I keep circling back to the financial markets because they are the chief signaling agent for most people. As long as the markets are doing okay, people’s attention wanders away from our predicaments and towards believing in the dominant "all is fine" narrative.
But, with the crystal-clear connection we see between asset prices and central bank money printing, prices in today's “markets” are really a creation of monetary policy. As a result, the signals the markets send us increasingly have no bearing on actual reality.
Here’s a good example: McDonalds' stock is hitting new high after new high. This is a function of both the ever-rising markets but also of the company's own internal accounting hocus-pocus.
This chart explains much:
(Source)
The red line tells us that MCD’s revenues are down a stunning 15% since 2014. The green line tells us that their stock price is UP an even more stunning 65% over the same time period.
Meanwhile total debt of MCD’s has mushroomed from $14 billion to $29 billion, while total assets have shrunk. Yet MCD's stock price has risen handsomely.
The critical insight this is telling us about today's markets is…