Chris Martenson
True Prosperity
by Chris Martenson
Tuesday, April 17, 2012
Executive Summary
- Why once you understand the oil situation, you understand how systemic change is inevitable
- Why to expect a major financial crisis this year
- Why now is the best time to understand what true prosperity is (beyond just money), and how it should shape your priorities in advance of the coming changes
- Our guidance on where to focus your efforts most for the greatest returns
Part I: The Trouble with Money
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: True Prosperity
In understanding material wealth, the role of energy — and particularly oil, in today’s world — is hard to underestimate.
Primary Wealth
This point cannot be made often enough: Oil is responsible for everything we see around us.
This means that oil is responsible for most everything we might think is delivered by our economy. Which means that oil is the source of nearly all wealth.
As Gregor Macdonald recently penned for us in an excellent report:
True Prosperity
PREVIEWTrue Prosperity
by Chris Martenson
Tuesday, April 17, 2012
Executive Summary
- Why once you understand the oil situation, you understand how systemic change is inevitable
- Why to expect a major financial crisis this year
- Why now is the best time to understand what true prosperity is (beyond just money), and how it should shape your priorities in advance of the coming changes
- Our guidance on where to focus your efforts most for the greatest returns
Part I: The Trouble with Money
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: True Prosperity
In understanding material wealth, the role of energy — and particularly oil, in today’s world — is hard to underestimate.
Primary Wealth
This point cannot be made often enough: Oil is responsible for everything we see around us.
This means that oil is responsible for most everything we might think is delivered by our economy. Which means that oil is the source of nearly all wealth.
As Gregor Macdonald recently penned for us in an excellent report:
"I always tell people when they look at their bank account, they think they have got maybe $50,000 in the bank. It says $50,000 CR. Credit.
You are a creditor. It is the bank’s property, that $50,000. And they recognize in that document that they owe it to you.
So, you have to watch out for that word 'creditor'. When you see CR, you are on the balance sheet. You are at risk."
So says Paul Tustain, founder of BullionVault and advocate for minimizing counterparty risk in a world of rehypothecation and 100-to-1 leveraged paper markets.
Paul Tustain: Be Wary of Balance Sheet Risk
"I always tell people when they look at their bank account, they think they have got maybe $50,000 in the bank. It says $50,000 CR. Credit.
You are a creditor. It is the bank’s property, that $50,000. And they recognize in that document that they owe it to you.
So, you have to watch out for that word 'creditor'. When you see CR, you are on the balance sheet. You are at risk."
So says Paul Tustain, founder of BullionVault and advocate for minimizing counterparty risk in a world of rehypothecation and 100-to-1 leveraged paper markets.
Nearly every week, PeakProsperity.com enrolled members enjoy a fresh podcast of "Off The Cuff," an informal discussion on the markets between Chris and Mike "Mish" Shedlock, publisher of the extremely popular economic blog Mish's Global Economic Trend Analysis.
We're making this week's Off the Cuff podcast available to the public-at-large to build awareness for an important cause that Mish is championing. Earlier this week, he shared with readers that his wife Joanne suffers from ALS, better known as Lou Gehrig's Disease.
After several years of juggling an intense publishing schedule (describing Mish as 'prolific' is a gross understatement) while caring for his wife on his own, he's created an online raffle as a means to raise funds for important ALS research, patient care, and education. We support his efforts and wish Mish and Joanne all the best.
Click here to learn more about the raffle.
In this week's Off the Cuff, Chris and Mish look at the impact of the recently-released Fed minutes and the worsening situation in Europe (no, the problems there haven't gone away).
Off the Cuff with Mike “Mish” Shedlock
Nearly every week, PeakProsperity.com enrolled members enjoy a fresh podcast of "Off The Cuff," an informal discussion on the markets between Chris and Mike "Mish" Shedlock, publisher of the extremely popular economic blog Mish's Global Economic Trend Analysis.
We're making this week's Off the Cuff podcast available to the public-at-large to build awareness for an important cause that Mish is championing. Earlier this week, he shared with readers that his wife Joanne suffers from ALS, better known as Lou Gehrig's Disease.
After several years of juggling an intense publishing schedule (describing Mish as 'prolific' is a gross understatement) while caring for his wife on his own, he's created an online raffle as a means to raise funds for important ALS research, patient care, and education. We support his efforts and wish Mish and Joanne all the best.
Click here to learn more about the raffle.
In this week's Off the Cuff, Chris and Mish look at the impact of the recently-released Fed minutes and the worsening situation in Europe (no, the problems there haven't gone away).
I have just returned from a trip to Canada, where I had the chance to present the core ideas of the Crash Course to audiences in Alberta and the city of Guelph. The message was well received in both locations, and I am heartened to see the great work happening across Canada, to not only learn about but act on issues related to the intersection of the economy, energy, and other natural resources.
It was also my distinct pleasure to meet several long-time subscribers along the way, and to chat with you all (hello again!). The most typical refrain I heard from you was why don’t more people see things this way? That is something we’ll be covering in greater detail here in the future, especially once the new website is up and launched and we have a better platform and venue for offering such material. I will note that one of the more important elements of our weekend seminar offerings is on exactly this subject. Our only other seminar being offered in 2012 is on the last weekend of June at Kripalu, and it would be a pleasure to see you there.
On to the markets and other thoughts…
Doing It Right in Canada
PREVIEWI have just returned from a trip to Canada, where I had the chance to present the core ideas of the Crash Course to audiences in Alberta and the city of Guelph. The message was well received in both locations, and I am heartened to see the great work happening across Canada, to not only learn about but act on issues related to the intersection of the economy, energy, and other natural resources.
It was also my distinct pleasure to meet several long-time subscribers along the way, and to chat with you all (hello again!). The most typical refrain I heard from you was why don’t more people see things this way? That is something we’ll be covering in greater detail here in the future, especially once the new website is up and launched and we have a better platform and venue for offering such material. I will note that one of the more important elements of our weekend seminar offerings is on exactly this subject. Our only other seminar being offered in 2012 is on the last weekend of June at Kripalu, and it would be a pleasure to see you there.
On to the markets and other thoughts…
Total 3270 items
Community
by hgrootveldgmail-com 
AlertsUSA
Learn more