Do we even need the Federal Reserve? Whether on the political left, right, or in the middle, virtually everybody thinks we do. After all, without the Fed, we’ll have wild economic swings and crashes. Economist Edward Stringham disagrees. In this It’s Your Dime Interview, he talks about it with host Mike Maharrey and makes the […]
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Tuesday, December 3, 2019
The Skyscrapers Are Warning Us!
Did you now skyscrapers can predict economic crashes? And the skyscraper index is flashing red. As economist Mark Thronton explained in his book, The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century, the so-called Skyscraper Index has a remarkably accurate record signaling economic downturns dating back to the late […]
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Mickey Fulp’s Monthly Major Market Review for November, 2019
from Financial Survival Network
The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has 35 years experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, oil and gas, and water in North and South America, Europe, and Asia.
US exports more petroleum than it imports for the first time ever in November. Stock markets hit all time highs again with DJIA up a huge 3.70%. Dollar was up 1.1%. Euro down to 1.10. Bitcoin crashed yet again to 7705. Metals were off substantially with gold closing at 1464 and silver closing at 17.0. Palladium shot up again to 1822. WTI flat. Uranium up a bigly 8.0 percent to 25.93. Pt to Pd even lower all time low of .49. Gold to silver up again to 86.1. Till next month!
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Monday, December 2, 2019
A Vision For Living Regeneratively
Executive Summary
- Requirements for
- Regenerative Natural Systems
- Regenerative Relationships
- Regenerative Community
- Regenerative Culture
- Putting it all into action
If you have not yet read Part 1: What’s Possible? , available free to all readers, please click here to read it first.
Vision Elements
As many Peak Prosperity readers are aware, I’m working closely with a few of you behind the scenes on wrestling a lot of ideas expressed on this site into a grand vision of a model for a new and better way of living -- one that improves upon the many unsustainable and failing elements of the current status quo. The idea to which I am now most keenly attracted, and which is drawing so much of my attention, concerns being in a community dedicated to regeneration. For the land, for each of us as individuals, for each other, and especially for the all the generations to come. There’s a bottomless amount of work to be done. The task is relentless. And it’s rewarding and meaningful. I’m reading many excellent books and articles and doing what I do best, which is to sift through a lot of information, enough so that a coherent distillation can be created and then shared. Here are the gleanings so far... (Enroll now to continue reading)
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What’s Possible?
As we look at the multiplying signs of failure across our economy and the environment, society is slowing realizing that we need to start doing things differently if we want a future to be proud of. Those awakening to this are asking: What should we do?
I think a better question to ask is: What’s possible?
That’s the question that has been waking me up early in the morning for the past few weeks.
It springs from Ben Falk’s book on whole systems design and permaculture entitled The Resilient Farm and Homestead. It’s a great book, packed with lots of useful ideas and systems to consider.
It’s opening line reads:
“Regeneration involves seeing things as they could be, while resiliency requires dealing with things as they are.”
I like that pairing a lot. It’s ‘what is’ AND ‘what could be’ Resilient AND regenerative. It’s combining what you already have with what’s possible.
Why Regeneration Matters
Regeneration is about the future. In working with living systems, the soil, the microclimate, the sun and a dozen other major variables all come into play. To be of a regenerative mindset, one must be able to see both what’s there AND what isn’t there yet, but could be.
Each acre of land or water source is more capable of doing certain things than others. The same is true with people, communities and cultures.
Where Joel Salatin found a farm with ruined soils (listen to our podcasts with Joel on regenerative farming and on ‘rogue farming’), he knew it was possible to rebuild the soils to incredible depth and abundance without using any outside inputs. He showed that a whole new approach could yield results that had entirely escaped the previous owners of that land. He saw what they didn’t, or perhaps, couldn’t (all hail the blinding power of belief systems!).
Where the founders of Singing Frogs Farms saw local organic competitors grossing $17,000 per acre, they showed what’s truly possible by ‘farming the soil’ and yielding $100,000+ gross revenues per acre. Their operation is regenerative for the landscape, their workers, and their many loyal customers. (Listen to our podcasts with Paul and Elizabeth Keiser here and here).
To place this concept within in a business metaphor, if resiliency is having multiple jobs, regeneration is about starting your own successful business after noticing what wasn’t already there (but could be).
Business resilience is having a deep inventory in case of supply disruptions, or a solid balance sheet to weather the inevitable downturns. Regenerative businesses have cultures that allow for fresh ideas to emerge and change the company even if they challenge existing products or services. More than that, regenerative managers value these innovative ideas, products and practices because evolution is the lifeblood of longevity.
Resilience: The Critical First Step
For a long time, my fellow co-founder Adam Taggart and I have been all about helping people become more resilient.
That’s a worthy goal, one we’ll continue to promote. Resilience is critical to future prosperity, and it must be cultivated. Full stop.
However, it’s not an end point. What is the overarching goal driving our efforts to become more resilient? This is a question we’re hearing from the cadre of Peak Prosperity members who have successfully built up resilience across all the 8 Forms of Capital.
Once you’ve achieved resilience, then what? What is it exactly that we are seeking afterward? What problems are we hoping to solve? What would the world look like if we could design it exactly as we wished?
In his book The More Beautiful World Our Hearts Know Is Possible, Charles Eisenstein asks, “In a time of social and ecological crisis, what can we as individuals do to make the world a better place?” The answer, at least in part, is to begin to allow ourselves to imagine ‘what’s possible,’ without necessarily having a single clue as to how to achieve that or even what the next steps might be.
Whatever is going to come next, by definition, will emerge. And it will require the deep dedication of passionate souls to envision ‘what’s possible’ long enough for it to take root and grow.
‘I Can’t Go On, I’ll Go On’
Is there any more worthy goal in life than to make a difference, especially in trying times?
Those of us who can see the broad outlines of the coming difficulties society will face have a choice to make: Do we want to play an active role in the recovery?
This has been a refrain around here at Peak Prosperity for a long time. One resonant moment for me was back in 2016 when I first had the chance to interview elder wisdom scholar and philosopher Stephen Jenkinson.
We were discussing the tyranny of hope; specifically how to be in these troubled times, when Stephen said:
Samuel Beckett, the great Irish writer. He has a book title. And the book title says what you and I are talking about right now. The name of the book is; I can’t go on, I’ll go on.
Now, if you do not pay attention to how he has phrased it, you think what he is saying is I cannot go on; I can go on. But he doesn’t say that. See, that is hopeful and hopeless again.
He says I can’t go on, I’ll go on. And at the risk of cheapening an elaborate and well accomplished book just by making a phrase of the title, I believe his title says this:
I have an obligation in a troubled time to go on, not being able to.
If you let that stand and you do not try to resolve that, and you recognize the inability to go on is no more predicting of the outcome than the ability to go on is. Neither one of these foreclose on what may yet come to pass.
However, the depths of the trouble mean that there is such a thing as not being able to go on and you turn away from that at your peril. The recognition that you cannot go on is a real time in people’s lives. It is not a failure, moral or otherwise, it is not a collapse. It is a true thing, and it takes courage to know that you are at a time when you cannot go on. And what Beckett is saying is, there come times in our lives when we go on not being able to.
(Source)
He described exactly how I feel; that I have an obligation in a troubled time to go on, and not being able to. Obligated, but with little more than a push from behind that says “Somebody has to do something, and that person includes you.”
There’s not a lot of instruction beyond that.
So we can’t go on, yet we will go on. Such are the troubled times in which we live.
Conclusion
The tides are turning. The social mood darkens. The Fourth Turning is upon us.
Despite all the attempts to force happiness on society based on record stocks and bonds prices, fewer and fewer folks are feeling the joy.
“More of the same” is no longer compelling.
Instead, people are increasingly hungry for new ideas and new paths that offer compelling solutions
Don’t look to the government to help. It’s proving it’s dominated by mainstream politicians who aren’t aware of exactly what’s at stake or how to go about addressing it.
Don’t look to the private sector, either. Corporations are mostly locked in a battle for a pie of profits that has stopped growing.
So, it’s up to us. You and me. We’ve got to figure out what new models will yield a sustainable, prosperous and happy future.
Though to be truly compelling and sufficient, these solutions will have to go beyond ‘resilience’. If a storm is coming, resilience is exactly what you want. But if a hundred years’ drought is settling in, you’ll need more than well-stocked supplies. You’ll need regenerative systems to weather through something that long in duration.
We’ll need each other in new and more profound ways. Ways that combine both resilience AND regeneration.
It’s time to find out what’s possible.
Now, a number of you readers are aware I’m hard at work on designing a living community that is both resilient and regenerative.
In Part 2: A Vision For Living Regeneratively, I share my current notes on the process. What key success requirements am I settling on? What models make the most sense? Beyond the physical factors of the land and housing, what community and cultural factors need to be adopted?
To fail to plan is to plan to fail. To successfully transition to a sustainable, happy and prosperous future, we need good plans (the more the better!) and I am making the development of this one a top priority. Both for myself as well as society — as anyone who wants to borrow (and improve upon!) it will be more than welcome to.
Are you willing to join us in developing the answer to: What’s possible?
Click here to read Part 2 of this report (free executive summary, enrollment required for full access).
The post What’s Possible? appeared first on Peak Prosperity.
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Comex Whale May Fuel Gold Run Into January And Beyond, Plus Silver & Silver Stocks Coiling For Big Surge
With the price of gold continuing to hold the $1,450 support area, it appears a Comex whale may fuel a gold bull run into January and beyond, plus silver and silver stocks coiling for a big surge.
The post Comex Whale May Fuel Gold Run Into January And Beyond, Plus Silver & Silver Stocks Coiling For Big Surge appeared first on King World News.
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Gold Set To Shine Again? This Should Trigger A Monster Rally In The Gold Market
As we kickoff the month of December, gold may be set to shine once again but this should certainly trigger a monster rally in the gold market.
The post Gold Set To Shine Again? This Should Trigger A Monster Rally In The Gold Market appeared first on King World News.
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Insolvent World with George Gammon
from Financial Survival Network
George Gammon is one of the most articulate YouTubers out there. George believes that the world is insolvent, especially the United States. The US has been paying interest on interest for decades. There’s a limitation to how much money can be printed. Inflation has greatly diminished the purchasing power of the dollar and the worst is yet to come.
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The A.I. Organization with Cyrus Parsa
from Financial Survival Network
Cyrus A. Parsa is the Founder and CEO of The AI Organization, Loyal Guardian Security and The Social Programming Institute. All created to assist in making our society safer and better. Cyrus has a Bachelors in International Security & Conflict Resolution, and a Master’s Degree in Homeland Security. He is an expert in China-Iran affairs, and has consulted on Human-Organ Tracking, Anti-Terrorism, Vulnerability, Risk, Asset Management and Emerging Threats to governments, agencies, people and organizations.
According to Cyrus, author of, “AI, TRUMP, CHINA & THE WEAPONIZATION OF ROBOTICS WITH 5G: How China, Western AI and Robotics Corporations Pose the Greatest Threat to People through … & Why the World Needs to Support Trump,” the greatest threat to humanity comes not from war, over population, or disease, but rather from AI, the Chinese, and the large tech corporations.
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Daily Digest 12/2 – Amazon Warehouse Employees Face Serious Injuries, What Is Venice’s Future?
Economy
The Way Out for a World Economy Hooked On Debt? More Debt (Adam)
Now, as policy makers grapple with the slowest growth since that era, a suite of options on how to revive their economies share a common denominator: yet more debt. From Green New Deals to Modern Monetary Theory, proponents of deficit spending argue central banks are exhausted and that massive fiscal spending is needed to yank companies and households out of their funk.
Most holiday shoppers prefer buying gifts online – not in stores (Thomas R.)
According to PwC, Black Friday has become less important because of the increase in online shopping, other deals that Amazon runs on Prime Day and the fact that retailers start offering Black Friday deals much earlier in the month.
WeWork Seals Multi-Billion Dollar Rescue Deal, Founder to Exit With $1.7 Billion (newsbuoy)
WeWork, which essentially is a real estate company that presents itself in the tech sphere, saw rapid success with its hip co-working spaces. Since 2010, it‘s expanded to more than 30 countries and is one of the biggest private tenants in Manhattan, London and Washington, D.C. It claims about a third of the flexible office space market, according to data from real estate firm CBRE. Yet despite its aggressive expansion, the company has never turned a profit and will be out of money by November without more financing, CNBC reported.
China launches mandatory face scans for mobile users (Thomas R.)
Meanwhile, the government has continued to use facial-recognition as part of its massive surveillance network, including in the Xinjiang region, where it has been accused of detaining religious and ethnic minorities in what authorities call “re-education” camps.
Rare mass protest breaks out in Chinese province near Hong Kong (Thomas R.)
Though protests against local authorities about issues such as environmental concerns, city planning and workers’ rights occur from time to time, it is rarely on the scale of the Wenlou skirmishes.
The protest began on Thursday, continuing for two days before authorities announced that they had suspended plans to build the crematorium.
European Protesters Demand Amazon Stop Treating Workers Like Robots (newsbuoy)
GMB said Amazon employees at locations throughout the U.K. have reported being denied restroom breaks, penalized for taking sick days, and forced to work at a dangerous pace to meet the retail behemoth’s productivity goals.
Amazon Warehouse Employees Face Serious Injuries, Report Says (jdargis)
So the workers are held to these very high production quotas, processing hundreds of items an hour for up to 12-hour shifts. They know that if they don’t keep up, they can be fired. And so they’re basically sacrificing their bodies either through repetitive stress injuries or strains and sprains. The speed is – seems to be the key element. And the safety – the former safety managers at Amazon that we talked to said they basically can’t protect the workers when the production demands are so high.
The horror of sameness (tmn)
Thus, for both the Right and the Left, a scenario in which predator lies down next to prey is no paradise but, at best, only a prelude to something better and, at worst, a kind of hell in itself. In his 1947 book Eclipse of Reason, Max Horkheimer traced what he viewed as the catastrophic fusion of fascist and utilitarian thinking that emerged in the postwar era. The postwar collapse of these former opposites into one was not the same as their reconciliation. ‘[W]e might describe fascism as a satanic synthesis of reason and nature,’ he wrote, ‘the very opposite of that reconciliation of the two poles that philosophy has always dreamed of.’ Does the periodic revulsion that the Right and Left share towards homogenisation mean that both are truly on to something, although they diagnose its causes differently? Or is the truly horrific outcome rather the homogenisation of Right and Left implied by this strange consensus?
Jeffrey Epstein, Blackmail and a Lucrative ‘Hot List’ (Sparky1)
Kessler was a liar, and he wouldn’t expose any sexual abuse. But he would reveal something else: The extraordinary, at times deceitful measures elite lawyers deployed in an effort to get evidence that could be used to win lucrative settlements — and keep misconduct hidden, allowing perpetrators to abuse again.
Mr. Boies has publicly decried such secret deals as “rich man’s justice,” a way that powerful men buy their way out of legal and reputational jeopardy. This is how it works.
Many Evangelicals Excuse Anything Trump Does — Because He’s the “Chosen One” (newsbuoy)
At the start of this month, Trump hired the Florida-based prosperity gospel televangelist Paula White onto his White House staff. It was an illuminating moment. White, who has a grand talent for self-promotion and an instinct for what Trump would term “the art of the deal,” believes that far from siding with the meek and the downtrodden, God rewards believers monetarily. More shockingly, prosperity gospel advocates also argue that God particularly likes those who already enjoy financial success.
SCOTUS has the 2nd Amendment in its sights—and gun groups are thrilled (Thomas R.)
Republicans, the Trump administration, and the NYSRPA are eager for a ruling on the constitutional grounds because they believe the high court bench is primed for a decision favorable to gun owners. With five conservative justices and only four progressives, a decision expanding gun rights, or at least chiding the city, is entirely possible.
Stellar Black Hole in Our Galaxy Is So Massive It Shouldn’t Exist (Thomas R.)
“We thought that very massive stars with the chemical composition typical of our galaxy must shed most of their gas in powerful stellar winds as they approach the end of their life,” lead study author Jifeng Liu, deputy director-general of the Chinese Academy of Sciences’ National Astronomical Observatories, said in a statement. “Therefore, they should not leave behind such a massive remnant.”
Early Asteroid Impacts Could Have Spurred Today’s Tectonic Activity (Thomas R.)
Geologic evidence of tectonic plate activity begins around 3.2 million years ago, coincidentally, during the heavy bombardment—a volatile period in Earth’s history marked by a near constant stream of asteroid impacts. A team of scientists, led by geophysicist Craig O’Neill of Macquarie University in Sydney, Australia, found spherule beds—layers of rock marked by round particles formed by rock pulverized in an extra-terrestrial impact—which suggest there may have been a connection.
And So They Drooled (thc0655)
Anything electric is good – no matter how absurd. This includes calling a four-door SUV without even a four cylinder engine a “Mustang” – the vehicular equivalent of the Victory Coffee in Orwell’s 1984.
Up is down, left is right. And cost is no longer an object.E
The rise of solar power is jeopardising the WA energy grid, and it’s a lesson for all of Australia (ezlxq1949)
Combined, the capacity of rooftop solar on the system far exceeds the single biggest generator — an ageing 854-megawatt coal-fired power station.
But there is now so much renewable solar power being generated on the grid that those responsible for keeping the lights on warn the stability of the entire system could soon be in jeopardy.
Underwater loudspeakers could help restore damaged coral reefs (Thomas R.)
“The study found that broadcasting healthy reef sound doubled the total number of fish arriving onto experimental patches of reef habitat, as well as increasing the number of species present by 50%,” the University of Exeter said in a release on Friday.
Metabolism-based glyphosate resistance discovered in weed in Western Australia’s Ord irrigation scheme (ezlxq1949)
In the last 20 years, massive glyphosate use has led to worldwide evolution of an increasing number of glyphosate-resistant weed species.
In the United States alone, the herbicide has an estimated annual use of 136,100 tonnes (300 million pounds).
With Waters Rising And Its Population Falling, What Is Venice’s Future? (Thomas R.)
Pellestrina is home mostly to fishermen. For centuries, this 7 1/2-mile-long barrier island protected the Venetian lagoon from the Adriatic Sea. But on Nov. 12, a near-record high tide of more than 6 feet, combined with strong winds, made for a perfect storm and washed over Pellestrina’s high embankments, flooding the island for a full day. Nearly everything on ground floors was destroyed.
Gold & Silver
Click to read the PM Daily Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."
The post Daily Digest 12/2 – Amazon Warehouse Employees Face Serious Injuries, What Is Venice’s Future? appeared first on Peak Prosperity.
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Look At What Is Happening Around The World As Fed Engages In QE4
As we kickoff trading in December, look at what is happening around the world as the Fed engages in QE4.
The post Look At What Is Happening Around The World As Fed Engages In QE4 appeared first on King World News.
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Updated and Revised Report: The Student Loan Bubble – Gambling With Your Future
Have you heard? The Democrats are going to fix the student loan mess! They’ve brought up the issue in almost every Democratic Party presidential debate. All we need is a good government program and we can easily solve this $1.64 trillion problem. Never mind that government programs caused the problem in the first place. Just […]
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WeWork IPO Disaster Reveals the Danger of the Fed’s Easy Money Policy
On several podcast episodes, Peter Schiff has talked about the warning signs we’re seeing on Wall Street through the struggles of so-called unicorn companies. Unicorns are privately held companies valued over $1 billion. Companies like Lyft, Chewie, Uber and WeWork were the darlings of WallStreet. Their IPOs were much-anticipated by investors. They are also the […]
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Sunday, December 1, 2019
Fidelity Goes Big into Cryptos with Eric Wade, Editor of Crypto Capital
from Financial Survival Network
Eric Wade is an Editor and Analyst with Stansberry Pacific Research… Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. Boston-based Fidelity, which has about $2.8tn of assets under management, made clear last year it intended to take the plunge to offer digital assets services to Wall Street, where other regulated groups have held back from the nascent marketplace. “The custody and trade execution services that we provide are essential building blocks for institutional investors’ continued adoption of digital assets,” Michael O’Reilly, chief operating officer for Fidelity Digital Assets, said on Tuesday. “The designation as a New York trust company under the supervision and examination of the DFS builds on the credibility and trust we’re establishing among institutions and other market participants,” he said, adding that the group wanted to continue to play a “leading role” in “supporting the maturation of the entire ecosystem”. Last month, Abigail Johnson, the investment group’s chief executive, told the Financial Times that what had started as a “just for fun” experiment had become a serious drive to build up a viable crypto custody business for hedge funds, family offices and financial adviser clients. Safekeeping of crypto assets has been a concern for institutional investors because exchanges have been plagued by outages and hacks. Prolific market manipulation and scams in the loosely regulated space have been a deterrent. Nevertheless, yield-hungry speculators have continued to flock to volatile crypto markets, while some are optimistic that Facebook’s plan to spearhead the launch of its own digital currency, Libra, will further legitimise the space. The price of bitcoin has risen this year from less than $4,000 at the beginning of the year to more than $8,000 today. To date, New York has issued 23 of the highly coveted licences to companies involved in virtual currency activities in the state. Earlier this year, the department granted a licence to the Intercontinental Exchange, the world’s second-largest exchange group by market value, to provide custody of bitcoin futures via Bakkt, its digital assets arm. The move signals New York’s keenness to promote itself as a hub for crypto activity, alongside countries such as Switzerland and Malta. “This approval is further evidence that innovation and consumer protection can coexist in New York’s evolving and expanding financial services industry,” said Linda Lacewell, the DFS’s superintendent of financial services.
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Greyerz – This Is How Terrifying The Coming Super Bubble Collapse Will Be
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals spoke with King World News about how terrifying the coming Super Bubble collapse will be.
The post Greyerz – This Is How Terrifying The Coming Super Bubble Collapse Will Be appeared first on King World News.
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