Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
The Bad News About Record-Low Unemployment - 24th June 19
Stock Market New High, but…! - 24th June 19
Formula for when the Great Stock Market Rally Ends - 24th June 19
How To Time Market Tops and Bottoms - 24th June 19
5 basic tips to help mitigate the vulnerability inherent in email communications - 24th June 19
Will Google AI Kill Us? Man vs Machine Intelligence - 24th June 19
Why are Central Banks Buying Gold and Dumping Dollars? - 23rd June 19
Financial Sector Paints A Clear Picture For Stock Market Trading Profits - 23rd June 19
What You Should Look While Choosing Online Casino - 23rd June 19
INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - 22nd June 19
Here’s Why You Should Drive a Piece of Crap Car - 22nd June 19
How Do Stock Prices React to Fed Interest Rate Cuts? - 22nd June 19
Gold Bull Market Breaking Out! - 21st June 19
Post-FOMC Commentary: Delusions of Grandeur - 21st June 19
Gold Scores Gains as Draghi and Powel Grow Concerned - 21st June 19
Potential Upside Targets for Gold Stocks - 21st June 19
Gold Price Trend Forcast to End September 2019 - 21st June 19
The Gold (and Silver) Volcano Is Ready to Erupt - 21st June 19
Fed Leaves Rates Unchanged – Gold & Stocks Rally/Dollar Falls - 21st June 19
Silver Medium-Term Trend Analysis - 20th June 19
Gold Mining Stocks Waiting on This Chart - 20th June 19
A Key Gold Bull Market Signal - 20th June 19
Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - 20th June 19
Investing in APPLE (AAPL) to Profit From AI Machine Learning Stocks - 20th June 19
Small Cap Stocks May Lead A Market Rally - 20th June 19 -
Interest Rates Square Minus Zero - 20th June 19
Advice for Financing a Luxury Vehicle - 20th June 19
Stock Market Final Blow Off Top Just Hit… Next Week Comes the FIREWORKS - 20th June 19
US Dollar Rallies Off Support But Is This A Top Or Bottom? - 19th June 19
Most Income Investors Are Picking Up Nickels in Front of a Steamroller - 19th June 19
Is the Stock Market’s Volatility About to Spike? - 19th June 19
Facebook's Libra Crypto currency vs Bitcoin: Five Key Differences - 19th June 19
Fed May Trigger Wild Swing In Stock Index and Precious Metals - 19th June 19
How Long Do Land Rover Discovery Sport Brake Pads Last? - 19th June 19
Gold Golden 'Moment of Truth' Is Upon Us: $1,400-Plus or Not? - 18th June 19
Exceptional Times for Gold Warrant Special Attention - 18th June 19
The Stock Market Has Gone Nowhere and Volume is Low. What’s Next - 18th June 19
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19
S&P 500 Stuck at 2,900, Still No Clear Direction - 17th June 19
Is Boris set to be the next Conservation leader? - 17th June 19
Clock’s Ticking on Your Chance to Profit from the Yield Curve Inversion - 17th June 19
Stock Market Rally Faltering? - 17th June 19
Johnson Vs Gove Tory Leadership Contest Grudge Match Betfair Betting - 17th June 19
Nasdaq Stock Index Prediction System Is Telling Us A Very Different Story - 17th June 19
King Dollar Rides Higher Creating Pressures On Foreign Economies - 17th June 19
Land Rover Discovery Sport Tailgate Not Working Problems Fix (70) - 17th June 19
Stock Market Outlook: is the S&P today just like 2007 or 2016? - 17th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

Book Review: Prosper!: How to Prepare for the Future and Create a World Worth Inheriting

InvestorEducation / Reviews Jan 09, 2016 - 10:30 AM GMT

By: John_Rubino

InvestorEducation

In their new book, Peak Prosperity's Chris Martenson and Adam Taggart don't sugarcoat the thesis, which is basically the end of the world as we know it.

It seems that three major trends are colliding:


  • A global financial system that has to grow exponentially to avoid implosion (regular visitors to DollarCollapse.com will be quite familiar with this).

  • An overburdened environment that can't support a growing population.

  • The end of cheap energy. This might take a little explaining in a period of plunging oil prices, so... Back when finding oil meant poking a random hole in the Saudi Arabian desert, it required very little energy to get more energy. But as we've used up these easily-accessible reserves and moved on to tougher nuts like offshore wells under miles of choppy sea or tar sands that strenuously resist being turned into usable oil, the calculus has become a lot less favorable. In other words, it takes an ever-larger amount of energy to make more energy.

    And since modern society (i.e., suburbanites driving thousands of pounds of metal long distances to work, shop and play while heating/cooling McMansions) requires ever-increasing amounts of cheap energy, this era is will soon be replaced by a reality for which most people are totally unprepared.

As Martenson and Taggart put it:

Our culture, our economy, our jobs -- progress and society itself -- all exist due to surplus energy. Whether the world can produce 100 million barrels of oil per day or just 50 million is far less relevant than how much surplus energy there is to support the rest of our complex economy and the way of life we consider to be normal.

For those of us who have studied what life will look and feel like under these conditions, the answer is obvious. We will inherit a future defined by less of everything. The world will be a far less dynamic, less easy place to live with a much-simplified economy, reduced travel, and vastly fewer -- or at least very different -- opportunities compared to today.

This is very well said, but not exactly unfamiliar. Gloom and doom polemics have been around since Silent Spring and The Population Bomb terrified our parents. But where most books in this genre limit themselves to one or two aspects of what is clearly a multifaceted challenge, Martenson and Taggart paint with a broader, more useful brush, offering a comprehensive plan for redesigning one's life to match the coming times.

The world, they predict, is going to throw us some curve balls (that is, society's "narratives" are going to fail and be replaced), so no rigid set of skills, assets or attitudes are guaranteed to work. Much better to instead acquire resilience, the ability to roll with the punches and adapt to quickly-changing circumstances. Put another way, capital comes in many forms beyond financial. Emotional and societal capital -- in the form of a flexible, positive attitude and lots of useful personal connections -- will end up being even more important than gold coins buried in the back yard (though don't skimp on those).

The bulk of Prosper! offers advice on acquiring the various kinds of capital, broken up into units ranging from stress reduction to permaculture to stockpiling. (Actually all of this seems aimed at stress reduction in the sense that the more prepared you are for turmoil the less it -- and the anticipation of it -- will stress you out).

The final chapter presents the stories of people who have put Peak Prosperity themes into practice by moving from city to small town, developing crucial skills and/or building connections with neighbors who might help when things go sideways. Most of these tales work as both interesting narrative and useful lesson.

The wide-ranging nature of this book means that it can replace a stack of financial and self-help manuals. And the hopeful nature of the advice will leave readers energized rather than depressed. This is, in short, a great first step in building a well-rounded life that will be an island of stability in a very rough sea.

By John Rubino

dollarcollapse.com

Copyright 2016 © John Rubino - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules