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Sergey Young: Will Technology Save Us?

Sergey Young: Will Technology Save Us?

Are the pessimists wrong to bet against human ingenuity?

“Technology will save us!”

That’s the most common pushback we receive to Peak Prosperity’s concerns about the dangers of exponential resource depletion, overpopulation, and overindebtedness/overconsumption.

And it’s understandable: technological advancement has achieved wonders for mankind’s standard of living at an accelerating pace over the past several centuries. Billions have been lifted out of poverty. Human health and longevity (covid-19 aside) have been greatly boosted. We have conquered the earth, seas, air and space.

Are the pessimists wrong to bet against human ingenuity?

To explore that question head-on, Chris sits down this week with Sergey Young, founder of the Longevity Vision Fund and “right hand man” to Peter Diamandis of Singularity and XPRIZE fame.

A self-described technology optimist, Sergey has created a $100 million fund to counteract the damaging consequences of aging. He’s set for himself the goal to live to be 200 years old (in the body of a 25 year old) and to find an affordable way for everyone else to do the same.

Interestingly, while Sergey is much more sanguine about society’s future prospects than we are here at Peak Prosperity, he acknowledges that the pragmatic realists are a necessary ‘yin’ to the tech passionistas’ ‘yang’.

For an optimistic futurist, Sergey is surprisingly respectful of and in agreement with our focus on sustainability and on practical models for living within our means. He admits that technology isn’t a cure-all, and goes as far to say that if the future were simply left to the starry-eyed dreamers, we’d take a lot of leaps of faith that wouldn’t end well.

For one of the most balanced conversations on this topic we’ve yet experienced, click the play button below to listen to Chris’ interview with Sven Henrich (44m:45s)

Coronavirus: Something’s Not Right Here…

Coronavirus: Something’s Not Right Here…

It’s hard not to start asking the question: Are we being played?

Following yesterday’s pimping of Gilead Science’s antiviral drug remdesivir on scant and suspect results, it’s hard not to start asking the question: Are we being played?

We’ve argued in several past videos that there is ample enough evidence that hydroxychloroquine shows enough promise in reducing/treating covid-19 that further research is merited. Instead, the drug is being demonized in the media.

That doesn’t make a lot of sense to us. But, hey, maybe there’s a good reason that a cheap widely-available treatment that has been administered hundreds of millions of times over the past 70 years, making it one of the most medically-delivered drugs in history, is suddenly being labelled “unsafe”?

But much more maddening is that remdesivir has suddenly been promoted to “standard of care” status despite its spotty and unproven track record.

Could that have anything to do with the fact that 9 of the 50 doctors on the NIH panel setting its covid-19 treatment guidelines work for Gilead Sciences?

The conflicts of interest and profit motives rampant among our policymakers are extremely concerning. Something is not right here…

Don’t forget to get your free download of Peak Prosperity’s book Prosper!. .

Why Is Coronavirus News Still So Inaccurate?

Why Is Coronavirus News Still So Inaccurate?

The media should have seasoned vetting processes in place by this time

“A lie can travel halfway around the world before the truth is putting on its shoes”

The list of sensational headlines based on shoddy research just continues to grow. Whether by commission, omission or plain old ignorance, our media is failing us — it’s not probing as critically and deeply as it should to ensure the information it brings us is valid.

Among several examples in today’s video, Chris scorches recent reports that covid-19 could not have been developed in a lab — reports that rely heavily on an authority who just happens to have years of experience collaborating with Wuhan scientists working with coronaviruses (including bats), BUT THIS WASN’T DISCLOSED.

Our big frustration here is that the reports we’re having to devote time to debunking in our daily videos shouldn’t be getting the air time they are this far into the coronavirus crisis.

Why are there still so many inaccuracies in today’s news? Collectively, the media should have sharpened its game in its pandemic reporting by now. It should have seasoned vetting processes in place by this time.

Especially when the stakes of being wrong are remain so high.

Just another reason to say: It didn’t have to be this way.

Oh well, we’ll continue these daily critical thinking-based updates for as long as their needed. Looks likes that’s going to be for a while…

Don’t forget to get your free download of Peak Prosperity’s book Prosper!. Given its relevance to preparing for any kind of crisis, pandemic or otherwise, Chris and Adam are now making it available to the world for free:
https://www.peakprosperity.com/freebook

Market Update: The Battle For Control

Market Update: The Battle For Control

Which side will prevail in the markets going forward? Reality or rescue?

As more data pours in showing the severe and worsening contraction of the global economy due to the impact of covid-19, it’s becoming increasingly clear that the only thing propping up today’s financial markets is the $trillions in rescue stimulus promised by governments across the globe.

Bloomberg estimates that flood to be in the range of $8 trillion — and counting.

Will it be enough?

Time will tell. But, for now, it has been enough to keep the markets elevated. As reported last week, the FAANG stock complex is back at an all-time high.

Here at PeakProsperity.com, we’ve long been critical of central banks’ upward influence on the financial markets, which prior to covid-19, distorted asset prices far higher than fundamentals justified and created accelerating inequity between the rich and the rest of society.

Those issues are now exacerbated by the abovementioned new $8 trillion, though there’s an important twist this time. The problems the central planners are trying to address aren’t easily solved by simply forcing liquidity into the system.

The world is experiencing one of the worst demand shocks in history. In America, more than 26 million workers have lost their jobs over just the past 5 weeks:

US new jobless claims

Bankruptcies tend to follow layoff by three to six months, so we can expect to see a tsunami of business failures over the next two quarters.

Supporting this prediction, we can already see the massive drop in demand US businesses are experiencing the initial April Purchasing Manager Index:

US PMI

The charts for Japan and the Eurozone look the same or worse.

…click on the above link to read the rest of the article…ir latest perspective.

Why Gardening Starts With Growing Good Soil

Why Gardening Starts With Growing Good Soil

For two months now, we’ve been advising readers to “grow a garden” in response to the covid-19 pandemic.

We’re recommending that for a number of reasons.

Food security is the primary one. Domestically, several of the small number of concentrated players in our Big Ag food supply chain have been forced to shutter production facilities due to infected employees. Internationally, we’re seeing emerging evidence that countries are preparing for “national food hoarding”, as Chris wrote about last week.

Gardening is good for your physical health, offering exercise and getting you out into the sun and fresh air — all of which are correlated with lower risk of contracting the coronavirus. It’s also beneficial for your mental health, engaging you in a productive pursuit while offering time for reflection and for communion with nature.

Great, many of those inexperienced with gardening may be thinking, But how do I get started?

We’ve got some great resources here on the site. You can start by reading our DIY instructions for creating a raised bed garden, or by reading our Agriculture & Permaculture forum thread and asking questions of the many knowledgeable gardeners there.

But whether you’re new to gardening or not, your success is rooted (pardon the pun) in appreciating that to grow healthy plants you first need to grow healthy soil.

Perhaps the top soil experts in the world are Paul and Elizabeth Kaiser, owners and operators of Singing Frogs Farm — world famous for their nature-based yet innovative approach to farming, in which no tilling of any kind is done to the soil. No pesticide/herbicide/fungicide sprays (organic or otherwise) are used. And the only fertilizer used is natural compost.

…click on the above link to read the rest of the article…

Don’t Believe The Hype!

Don’t Believe The Hype!

New optimistic coronavirus research seriously flawed.

Have you read the recent studies claiming that many more people have or have recovered from the coronavirus than are counted officially?

So have we.

It’s great news, right? It suggests that the fatality rate is MUCH lower than currently calculated and we’re making progress towards national herd immunity, right?

Not so fast, warns Chris.

He pulls up the actual research studies behind the headlines and show how shaky both its methodology and conclusions are. They’re so bad that other scientists within the research community are calling for an apology.

As much as we wish the hype were true, now is a critical time to ensure we’re dealing with accurate data. Bad data = bad decisions. Bad decisions = bad outcomes.

Meanwhile, Chris also notes the absolute carnage going on in the oil markets, with near-term oil contracts now trading at negative prices. This is historic and will have MASSIVE implications for the economy and the financial markets going forward.

You’ll be hearing more from us on that soon. So stay tuned.

And in the meanwhile, keep working on starting/expanding your garden.

The Next Crisis: Food

The Next Crisis: Food

There’s a reason we’ve been urging folks to plant a garden

“Oh crap! Bermuda grass? In my garden space? The kind with underground runners that’s nearly impossible to eliminate except by digging up every single root and rhizome?”

For reasons I cannot fully explain I became absolutely inspired to “find a place” starting last September.

Today, my partner Evie and I are settling in to our new home. We closed on it on January 28th and it took a solid month to move things over from our former residence.

First things first, we set about correcting a decade’s worth of deferred maintenance. The furnace relay switch was quite dodgy, the gravel on the driveway was way past due for replenishment, the gutters leaked, and the apple trees were in desperate need of pruning.

Now that it’s April, I find myself every day — after my research and writing is done of course — out in the old garden space, digging new beds and turning over every square inch of the soil. Not because I want to, but because some misguided former owner thought planting Bermuda grass in the garden was a good idea.

This is the sort of grass that spreads to new horizons with meaty underground rhizomes that can spread ridiculously far from the parent plant. Arggh!

Oh, and the new chicken house, predator-proofed with hardware cloth on every possible entry point, had to be set up, too.

The list of needed improvements seem to stretch as far as the eye can see. An insurmountable pile of tasks that will be required to raise it to our high standards of creating a place of lasting beauty and abundance.

Right now? It’s a barely-dented tapestry of a thousand projects. You might be unimpressed if you took stock of all that we haven’t tackled yet.

…click on the above link to read the rest of the article…

The UNFAIRNESS Economy

The UNFAIRNESS Economy

Bailouts for the rich. Barely anything for you.

Award-winning investigative journalist Matt Taibbi penned perhaps the most iconic condemnation of the bankers who created (and subsequently got bailed out during) the Great Financial Crisis:

The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

Tens years later, we find ourselves facing another crisis which, while triggered by the coronavirus instead of housing loans, has similar roots in a financial system made vulnerable by the unfair plunder of big banks and hedge funds — who are now being bailed out at vastly higher expense than in 2008.

Sadly, it seems we’ve learned very little over the past decade.

And as $trillions and $trillions in “rescue” stimulus are starting to be deployed by Congress and the Federal Reserve, it’s once again the financial power elite and corporate boardroom bigwigs who are receiving immediate and complete relief from the consequences of their actions.

But what will regular folks like you and me get? Crumbs, if anything.

And as taxpayers, we’re ultimately footing the bill (once again).

Given his intensive knowledge of the inner workings of Wall Street and its entanglement with the DC political machine, Taibbi explains how the inequity, abuse and fraud in today’s “Unfairness Economy” has become standard operating procedure — and will remain so until a serious enough social uprising takes place.

First, watch this 2-minute trailer:

And then click here to enjoy Peak Prosperity’s full interview with Matt Taibbi:

…click on the above link to read the rest of the article…

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:

  1. Coronavirus: Sanitation, PPE and Self Quarantine Megathread
  2. Coronavirus: Medicinals, Herbals and Supplements Megathread
  3. 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…

Coronavirus Containment Has Failed

Coronavirus Containment Has Failed

Within and without China, the coronavirus continues to rage on

Within and without China, the coronavirus continues to rage on.

A leaked report claims that actual covid-19 cases within China are 52x higher than the 78K reported by authorities.

Whether true or not, that estimate comports with the massive heavy-handed response the government has been pursuing there.

Outside of China, more cases in more countries are being reported, especially in the EU. Since yesterday, new cases have been reported in Sweden, Greece, France, Spain, Germany, and, of course, Italy.

The virus appears as virulent as ever. Remember those photos of sick people collapsing on the street in China? Well, we’re now seeing the same thing in South Korea and Iran.

Infections continue to grow at a non-linear (i.e., exponential) rate. New cases & death are *doubling* worldwide every 4-5 days(!).

Containment has failed. The coronavirus is spreading worldwide and it’s prudent to assume it’s headed near where you live at some point. Use the time you still have now to prepare.

Being well-stocked, well-trained and in a position to help others is your best defense at this point.

Special note: In today’s video, Chris expresses his and my gratitude at the kind words and offers of donations that we’re receiving about our daily coverage of covid-19. He also explains that we couldn’t be focused full-time on this if not for the support of our premium subscribers. Their funding of this website make what we do possible.

In lieu of any donations, we simply ask those who can afford so to become a premium subscriber. There’s a lot of very valuable insight you’ll receive in return, but more importantly, you’re helping this website deliver its free content to as many people as we can across the world.

…click on the above link to read the rest of the article…

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.

Olduvai IV: Courage
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