Home » Posts tagged 'adam taggart' (Page 3)
Tag Archives: adam taggart
What Comes Next?
What Comes Next?
Predicting life after coronavirus
If covid-19 is indeed hastening the permanent disruption of the status quo, what will life in a post-coronavirus world look like?
In a prognosticating session building on last week’s Economic Shockwaves roundtable, John Rubino, Charles Hugh Smith and I — also joined by Chris Martenson this time — discuss the myriad ways in the future may be permanently altered by the disruptions happening right now.
How will the economy, fiat currencies, jobs & the nature of work, as well as our general lifestyle, be forced to evolve? What new solutions will be required and what shape with they take?
All this and more is addressed in this video (1-hour runtime):
These roundtables are always a good time as John, Charles, Chris and I not only enjoy each other’s company, but we find helpful value in tapping each other’s thinking. The process always creates even more questions that we want to ask one another.
After shooting this video, the group agreed that fertile future territory includes the housing market, retirement/pensions, which big cartels are most vulnerable to today’s disruption (e.g., education, health care, pharma, finance) and what benefits would emerge from breaking their industry strangleholds.
So, if you’d like to see this brain trust convene again to push deeper into this material, let us know in the Comments section below, along with any other specific topics you’d like for us to kick around.
Oh, and if you’d like to inspire your own discussions on resilience with those in your community, pick up your own RESILIENCE shirt here and join Chris and me in wearing it proudly 🙂
Coronavirus: The Solution Is Becoming Clear
Coronavirus: The Solution Is Becoming Clear
We are starting to win the war for data on covid-19
The world has been fighting covid-19 long enough that we are beginning to arrive at some constructive conclusions:
Part of the intense infectiousness of this virus is due to its long asymptomatic phase, where hosts feel fine but are shedding contagious particles. Increased testing is now showing that the majority of folks testing positive don’t realize they’re sick.
Research is showing that the recommended social distance of two meters (6.8 feet) is inadequate to protect against airborne particles. Four times that amount is more likely — reinforcing the effectiveness of both social isolating tactics (like sheltering at home) and wearing masks.
Peak Prosperity has been loudly banging the #Masks4ALL drum of late, and every day more studies emerge showing it’s one of the cheapest and most effective social responses to slowing the spread of the coronavirus.
In addition, while standard surgical/homemade (non-N95) masks do not filter out all virus particles, they do dramatically limit their spread, both in the air and on surfaces.
This is important because this reduces the viral load someone is exposed to. Data is showing that if you receive a lower viral load, if you get sick with the virus, your case is likely to be more mild and short-lived.
We are starting to win the war for data on covid-19 and this is leading to smarter practices that will flatten the curve, reduce deaths and get folks back to work.
Finally, some encouraging news.
And for the many of us remaining under lockdown, here are some helpful recent resources we’ve released. Review them when you can:
Coronavirus: Listening To (And Rebutting) The Critics
Coronavirus: Listening To (And Rebutting) The Critics
There a new campaign to convince us covid-19 “isn’t as bad” as we’re expecting
All through February and into early March, the media was awash with headlines that scoffed “Don’t worry — it’s just the flu”.
While most of those news outlets have pivoted and are now more likely to print sensationally fearful articles (the same who accused our data driven approach as “fear mongering” just weeks ago), we’re seeing a new campaign now of opinion pieces by credentialed ‘experts’ claiming the virus may not be as bad as initially expected.
In today’s video, Chris goes through a number of these recent articles and addresses them point by point:
As empirically-driven thinkers, at PeakProsperity.com we don’t shy away from a challenge to our conclusions. We’re of the mind that the best facts should win, and if the data changes, our analysis will change with it.
But Chris doesn’t find much in these recent ‘expert’ opinions besides false hope. And poor logic.
Which just goes to underscore why we need to continue thinking for ourselves here. So many of our “leaders” and “experts” failed to warn and prepare us for this pandemic, for reasons ranging from politics to incompetence.
So keep educating yourself. And we’ll keep producing our daily updates and analysis to aid your understanding.
If you haven’t read it already, read our Coronavirus Home Lockdown Survival Guide.
We’ve written it to be a comprehensive collection of the resources you need to stay safe, sane and solvent through the covid-19 crisis.
It’s a great tool for getting everyone in your household on the same page — print it out and have them read it:
VIDEO: The Coronavirus Is The Pin Popping The ‘Everything Bubble’
VIDEO: The Coronavirus Is The Pin Popping The ‘Everything Bubble’
This will be an extinction-level event for many players
For years, Peak Prosperity has been raising a loud warning of the ‘Everything Bubble’ that the world’s central banks have blown in global asset prices.
Over that time, we’ve debated with hundreds of economic experts on what will be the trigger to “pop” this mania.
Well, now we’re finding out.
The economic damage being wrought worldwide by the coronavirus is the black swan the system never saw coming. Trade is being strangled, and the necessary productivity needed to support that massive increase in global debt that has been taken on over the past decade is just not there.
Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries — like travel, hospitality, and the shale oil drillers — this will be an extinction-level event for many players.
As ugly as the swift -19% drop in markets from from February’s highs has been, this is just the start of the reckoning, folks.
To give you a clear understanding what to expect during the bursting of the largest asset bubble in world history, Chris rushed to record this interview with John Rubino, author of The Money Bubble:
For those wondering what practical steps to take with their money as the Everything Bubble bursts: while Chris and John were recording, I was busy interviewing the lead partners from New Harbor Financial, Peak Prosperity’s endorsed financial advisor.
In the short video below, they offer their seasoned take on the current market action, what they see as most likely to happen from here, and what they recommend investors consider now:
…click on the above link to read the rest of the article…
How To Avoid Getting Infected By The Coronavirus
How To Avoid Getting Infected By The Coronavirus
This is the question on everyone’s mind as worldwide covid-19 cases blast past 100,000
As worldwide coronavirus cases blow past 100,000 sickened, the question on everyone’s mind is: “How do I avoid getting infected?”
Chris goes through the best steps for self-protection in this video (jump to the 35m:10s mark for his summary):
Crazy infectious with a serious complication rate near 15% and a case fatality rate of over 3%, many of us are likely to catch this virus, and most of us will probably know at least one person who dies from it.
And with that many sick people, the health care systems around the world are going to be overwhelmed. Even if you don’t have the virus, you still may not be able to get critical care for other health emergencies (sickness, injury, baby delivery, etc)
Chris shares some of the dozens of stories we’re receiving from health practitioners all over the world who feel shocked and betrayed by how poorly their hospitals are prepared for what’s coming.
So take steps now to increase your odds of being one of those who avoids covid-19 altogether.
Reading the coronavirus preparation megathreads available for free on PeakProsperity.com is a great way to get started:
- Coronavirus: Sanitation, PPE and Self Quarantine Megathread
- Coronavirus: Medicinals, Herbals and Supplements Megathread
- Coronavirus: Home Prep, Deep Pantry & Gardening Megathread
If you’re one of the many new readers here on Peak Prosperity, be sure you’re up-to-date on developments with the coronavirus. All of our latest covid-19 video updates, podcasts and articles can be accessed here for free.
And here’s a brief list of the more recent material that Chris and I have published for our premium subscribers, to give you a sense of what’s behind the paywall (free executive summary, enrollment required for full access)
…click on the above link to read the rest of the article…
We’re Close To Your Last Day To Prepare For The Coronavirus
We’re Close To Your Last Day To Prepare For The Coronavirus
As supplies fly from the shelves, you’ll have to deal using the preps you now have
A cases continue to grow exponentially in South Korea and Italy. yesterday the US recorded its first coronavirus death on the continent: a 50+ year-old man in Washington State.
Meanwhile, most hospital systems in the West are woefully unequipped for any large influx of serious respiratory patients.
After dragging its feet for seeming forever, the CDC finally “allows” states to begin testing on their own. Why this took so ridiculously long is inexplicable.
For over a month now, we’ve been consistently telling you that you need to prepare for a covid-19 in your area. Now it’s getting quite close to the “too late” stage. Already many communities are experiencing runs on basic items like food and water.
Any actions you take from here on out need to be done ultra-responsibly and not contribute to the growing panic and hoarding.
From here on out, it’s going to be about “mitigation” (not containment) and “non-pharmaceutical interventions” or NPIs. That’s a fancy way of saying no large gatherings, no school, and no unnecessary travel or contact.
Use this last bit of precious remaining time before supplies are gone to continue do what you can.
If you’re one of the many new readers here on Peak Prosperity, be sure you’re up-to-date on developments with the coronavirus. All of our latest covid-19 video updates, podcasts and articles can be accessed here for free.
And here’s a brief list of the more recent material that Chris and I have published for our premium subscribers, to give you a sense of what’s behind the paywall (free executive summary, enrollment required for full access)
- Why Your Family & Friends Aren’t Taking The Coronavirus Seriously Enough
- Why I’m Ramping Up My Coronavirus Preparations
- A Resilient Defense Against The Coronavirus
- How We’re Personally Preparing Against The Coronavirus
- Positioning For A Market Downturn
- Our Recommended Pandemic Preparations
- Chris and Adam answer PP reader Q&A:
The Coronavirus Is Swiftly Breaching Defenses Across The World
The Coronavirus Is Swiftly Breaching Defenses Across The World
Things are now starting to get fast and furious.
Outside of China, covid-19 is swiftly breaching defense lines all over the world.
Italy is suddenly in big trouble — with the military being called in to enforce city quarantines. Iran, South Korea & Japan similarly find themselves overwhelmed as new cases continue to spread unabated.
And there are many other countries (including the US) whose low reported numbers just don’t appear believable at this point. We may soon find out that there are many more infections worldwide than are currently understood.
As China, Italy, South Korea and a growing list of other countries are showing us, outbreaks can happen extremely fast, slamming the door shut on your window to prepare.
Which is why taking action now is critical — because a government lockdown will likely catch you by surprise (e.g., armed troops, empty store shelves). After the moment it’s implemented, you will have to make do with whatever measures you managed to put in place beforehand.
Meanwhile, we’re starting to be able to quantify the damage of the current shutdown of China’s economy. China is responsible for nearly 30% of world’s manufacturing, and it’s estimated that at this point global trade will take a hit of nearly $600 billion.
And it gets worse. Millions of Chinese firms are at risk of going bankrupt from lack of cash flow — a national bailout by China’s banks is likely needed to keep a huge part of its industry from vaporizing. And on the social front, we’re hearing stories of families giving up babies they can no longer afford, as folks are becoming homeless due to lack of income.
This pain is a likely preview of what’s to come when other countries get hard-hit by this virus.
This is why the downplaying to-date of the coronavirus by world authorities has been so dangerous. The risk is real and the costs are high. The masses should be preparing now.
But until they are, we need to be ahead of the curve.
Coronavirus Infections Outside Of China Are Growing Exponentially
Coronavirus Infections Outside Of China Are Growing Exponentially
And that’s the official data. If it’s underreported, then things are worse…
In yesterday’s video, we warned that the coming two weeks will be crucial in determining how bad the pandemic will be.
The early results are not encouraging. New cases continue to climb in the rest of Asia — Japan, Korea and Singapore are being hit hardest.
And now we have the first two cases (and two deaths!) reported in Iran.
That’s on top of last week’s confirmed case in Africa. So now the virus is on every continent save Antarctica.
Also, new research provides the explanation for why those infected a second time by covid-19 are at much higher risk.
Chris breaks down the science in layman’s terms to explain the nature of the danger, but the key takeaway is: while you for sure don’t want to contract covid-19, you DEFINITELY don’t want to get it a second time…
Be sure to stay up-to-date on Peak Prosperity’s ongoing full coverage of the coronavirus outbreak by visiting here.
Is The Coronavirus (Covid-19) Now Unstoppable?
Is The Coronavirus (Covid-19) Now Unstoppable?
New data suggests so
Oh, boy…the scientific research on covid-19 (the new name of the Wuhan coronavirus) continues to reveal what a huge challenge containing this virus is.
A new report from Los Alamos Labs calculates its R0 at between 4.7 to 6.6. That is massively contagious!
It’s little wonder then why we’re seeing more and more reports of doctors and health workers falling sick, despite using proper PPE and contamination protocol.
China, which bumped up the number of total infected within the country by 33% last night, is clearly facing a public health nightmare of epic proportion.
As we keep saying, we think the true reality on the ground there is even much worse than the official numbers we’re being given.
That said, China’s totalitarian approach of mandatory home quarantine for hundred of millions of people is likely the best way to fight a virus this contagious.
Will other countries, like the US, be able to enforce such controls on their populations if required to combat covid-19? Could they, even if they tried?
A full-blown pandemic looks increasingly unstoppable at this point.
Coronavirus: Up To 24 Days Before Symptoms Start Showing?
Coronavirus: Up To 24 Days Before Symptoms Start Showing?
That would mean MANY more “infected & contagious yet unaware” cases exist
A new report finds that the incubation period for the coronavirus may be as long as 24 days, 10 days longer than previous expected.
That means that the potential size of “infected & contagious yet unaware” masses walking around (outside of China’s quarantine borders) could be substantially larger than feared.
On top of that, additional data from China’s hospitals in Wuhan show that once a patient is hospitalized, meaning their condition has become severe, the death rate is very high (~20%). More reinforcement that you want to avoid this virus if at all possible.
And yet, the stock market remains unconcerned to the pandemic threat. Another up day, despite a warning from the Council on Foreign on the fragility of the US economy’s dependence on Chinese supply chains.
Scary stat: 97% of all US antibiotics come from China.
Meanwhile, many regions in China are extending their ‘return to work’ deadlines as efforts to fight the outbreak continue. As we’ve been saying daily now, at some point, the markets are going to have to acknowledge the large and growing lack of economic production that is not occurring.
The Coronavirus Is A Nightmare For The Global Economy
The Coronavirus Is A Nightmare For The Global Economy
Trade is already being crippled. And there’s no relief in sight.
As China has now placed hundreds of millions of its citizens under quarantine, its economy is grinding to a halt.
Workers can’t leave their homes. Factories are idle. Most (if not all) of China’s ports are no longer shipping. International flights are increasingly banned from the country.
When the world’s #2 economy hangs up a big “CLOSED” sign, that’s going to result in a major negative impact on global trade.
As the manufacturing powerhouse to the world, you’ll be challenged to think of ANY industry that won’t experience serious supply chain interruptions and shortages from China’s woes. For instance, did you know China makes the vast majority of our prescription pharmaceuticals?
A MASSIVE hit to the global economy will directly result from the damage the Wuhan coronavirus is currently doing. And it may get worse, a lot worse.
So ignore today’s ridiculous all-time high stock prices. They can’t last in the face of what’s coming.
‘Calm Before The Storm’ – How Will The Coronavirus Really Impact The Markets?
‘Calm Before The Storm’ – How Will The Coronavirus Really Impact The Markets?
PeakProsperity’s Adam Taggart that, officials, the media, and globalist-driven organisations are downplaying Wuhan coronavirus risk, even as models suggest infections will soon soar.
The sudden slowdown in new information coming out of China has Chris Martenson spooked.
He walks us through the math here, showing how if the coronavirus follows its current geometric growth, over 100 million people could be infected by the end of February:
Don’t take the recent lack of ‘news’ as meaning the threat from this virus is dying down. This could very likely just be the calm before the storm.
In fact, as Martenson explains, it’s a true Black Swan event that stocks haven’t yet priced in.
The 2019-nCoV “coronavirus” outbreak remains serious and fluid.
Over the past several days, we’ve been publishing a steady stream of videos, reports and podcasts to keep you as up-to-date and informed as possible on the science behind this fast-developing situation. You can follow our full coverage of the coronavirus here.
But the TL;DR version is this:
The first order of business is stopping the spread of the disease, which means prevention. Your immediate and top concern should be readying yourself and your household and loved ones for the arrival of 2019-nCoV. We cover the most useful practices in this report.
Second, help your co-workers and students, passengers, or other such dependents become aware and prepared by practicing good hygiene and educating them about how the virus spreads.
IMPORTANT: Anyone who is sick, whether with nCoV or a standard flu/cold, needs to be isolated for the duration of the disease, which means 24 hours after their last fever. They should always, always, always wear a surgical mask to block virus particles before they are expelled into the air. Masks can be worn by everyone, but do the most good when worn by those who are ill.
…click on the above link to read the rest of the article…
The W.H.O. Just Prioritized Money Over Human Life
The W.H.O. Just Prioritized Money Over Human Life
It’s hard not to see this as anything but political
Today the World Health Organization (W.H.O.) declared that the Wuhan coronavirus is indeed now a pandemic.
Scary news, right?
Well…not if you kept listening. The W.H.O. then proceeded to downplay the risk to public health and took pains to make it clear it doesn’t recommend placing restrictions on global trade & travel at this time.
What?!? When we may be in dealing with a viral outbreak as (or more!) virulent than the Spanish Flu? (aka The Great Influenza)
Folks, this is nothing less than a political decision to keep business/commerce flowing without regard to public health. The W.H.O. has chosen money over people’s lives:
Also in the news today: science journal The Lancet just released a study that finds initial evidence that men are substantially more vulnerable to coronaviruses than women.
Why? Watch the video below. Chris Martenson walks through the science behind the findings:
Be sure to stay up-to-date on Peak Prosperity’s ongoing full coverage of the coronavirus outbreak by visiting here.
VIDEO: The Risk Of A True Pandemic Is Higher Than We’re Being Told
VIDEO: The Risk Of A True Pandemic Is Higher Than We’re Being Told
Exactly what’s going on & how worried should we be?
OK, there’s a LOT of uncertainty and confusing/conflicting information currently circulating right now about the new coronavirus outbreak that has suddenly erupted out of Wuhan, China.
What’s really going on? What exactly is the ‘coronavirus’?
And most important: How worried do we need to be?
Given the poor communication so far by government health organizations and the media, the severity of the situation and the risk to public health, Chris Martenson filmed this important explanatory video hours ago.
Dr. Martenson’s PhD is in the field of pathogenic biology, so he understands the nature of this virus more than your average scientist.
In the video below, Chris explains the virus in layman’s terms, why the contagion we’re seeing is likely to spread substantially from here, and why the actions being taken so far by public health officials to contain the threat are woefully insufficient.
It’s important, maybe soon critical, to be well-informed on this outbreak. The ten minutes you spend watching this video may be the most important thing you do today:
After viewing, be sure to take prudent steps to secure the safety of your family’s health. Most measures are straightforward and inexpensive — there’s a huge upside to preparing now and a huge downside to delaying, so get busy.
Those interested can continue to follow our updated coverage on the coronavirus here.
Hopefully, authorities manage to contain this outbreak faster than it currently appears they will. But don’t bet your life on it.
VIDEO: The Fed’s Evil Juggernaut
VIDEO: The Fed’s Evil Juggernaut
Don’t let it crush your future
Juggernaut: (n) massive inexorable force, campaign, movement, or object that crushes whatever is in its path
The US Federal Reserve is once again force-feeding liquidity into the system. At its fastest rate ever.
The result? Record high stock prices whose valuations defy all logic.
What’s wrong with that? Shouldn’t we just enjoy the party and be grateful for our rising 401ks?
What’s wrong is that the Fed’s actions are dooming us. Their poisonous cocktail of endless cheap money and rock-bottom interest rates is hastening a terminal breakdown of the economy, while deliberately enriching a tiny cadre of elites to the ruin of everyone else.
Though most remain blind to this, Fed policy (and the similar ones pursued by the other major world central banks) is directly responsible for, or a major contributor to, many of the biggest challenges society is facing.
Tens of millions of Boomers who can’t afford to retire. Tens of millions of Millennials who can’t afford to purchase a home. History’s largest wealth gap between the 1% and everyone else. Relentless increases in the cost of living while real wages remain stagnant. Depletion and degradation of our key natural resources by zombie companies run without profits. We can thank the Fed for all of these ills, plus many more.
All we’re offered in return is the fake reassurance that “everything is awesome” because stocks are higher today than they were yesterday. As if that really makes a difference when the top 1% owns 50% of all stocks and the top 10% owns over 90%.
And when today’s epicly distorted markets reach their breaking point — which may be imminent given the truly manic action recently — not only will the resulting damage be commensurately epic, but it will injure the 99% FAR more than the 1% who benefitted from it.
Mass layoffs. Bankruptcies. Destroyed retirement portfolios and pensions. State and city budget crises. Higher taxes. More fees. Cancelled social services. Hollowed-out communities.
…click on the above link to read the rest of the article…
