John Oliver is a moron. And tax increases will never stop the damage that deficit spending is going to cause.
https://en.m.wikipedia.org/wiki/Laffer_curve
Glad to learn of the developments. Hope they work out for all concerned, not just for Chris and Adam but also all the volunteers and ancillary staff.
I think I will re-subscribe to PP but not to Wealthion. Reasons for the latter include:
First, thus far I have found most of the financial lectures and discussions to have been very North America-centric and irrelevant to Australia. I got tired of reading about this, that or the other pension scheme with some mysterious title, or some corporate share offer, or how to move house to a state with a better tax regime. Australia has 6 states and 2 territories, and not a lot of economic advantages to offer by moving. And so on.
Second, my financial situation has no flexibility. I am retired and rely on a government-supported defined benefits scheme; I have no earning capacity left. If the ever-loving government at some future date decides to redefine the benefits — and when they do, not if, it will inevitably be to my detriment — there is nothing I can do. So unless PP can cover this sort of topic in a general way, Wealthion is not useful to me.
All the best to you in these restless and confused times.
When I read a research paper, a very important section for me is the “disclosures” section.
Who is funding the trial? This is hugely important. Without knowing this, it is harder to tell if this is a Pharma propaganda exercise (which they often do through intermediaries - Gates at one point gave $100 million to LSHTM, which then funded trials) or if it is a more genuine academic exercise.
Likewise, if the researchers all work for Merck, or Pfizer, I know how to weigh the conclusions: “gosh this new Merck drug is fantastic.” Sure it is.
Jeff Bezos is known to be the owner of WAPO. It is a conflict, but that’s ok. It has been disclosed. That way, articles in WAPO that say “wow this Bezos guy is so amazing” can be seen in the correct light - because, disclosure and transparency.
Now hypothetically, let’s say Bezos decided NOT to disclose his ownership. Let’s say he secretly acquired WAPO, forced everyone there to keep quiet about it, and THEN proceeded to exercise editorial control over what the paper was saying.
Is that OK? Not to me. That would be a serious “material omission”, in my opinion.
https://www.lawinsider.com/dictionary/material-omission
While I do not think Will is “entitled” to answers (i.e. “getting ‘answers’ is not some sort of human right”), failure-to-disclose is a kind of answer in and of itself, and I believe that the failure-to-disclose is a legitimate topic for discussion.
What’s more, if our belief systems says that it is the duty of every buyer to “caveat emptor” - buyer beware, namely exercise wisdom and discernment - it appears to me as though Will is trying to do exactly this.
I mean, if you don’t ask, and there is no “disclosure” section, how exactly are you supposed to know what the conflicts might be?
I’ve contacted you several times before with site ideas & am excited in your new focused direction.
Your site on my phone needs a revamp, posting comments, looking at, topic specific needs updating.
Agree that YT can be problematic, but crypto/blockchain might be solution. Theta (the blockchain version of YT) may be a decentralized answer.
There are blockchain projects for content creators as well.
Resiliance speaks to me as a direction, as RealVision is REALLY doing a great job in the financial arena & I have worked for a money manager & brokerage firms over the past 40 yrs. 25 at the biggest.
My PP experience has not been all peaches & cream, as I’ll attach below.
I first started following in the 08/09 Crash Course days when I downloaded/duped and handed out the DVD to many.
“Purchased seminar, couldn’t attend, never got replay info. When I kept seeing pay a fee and you can listen if you didn’t attend, i tried contacting, saying 'I couldn’t attend, DID PAY & now I can’t listen to what I paid for.
Ordered the autograph books, got only one of the two I bought, as a way to help support the great groundbreaking COVID coverage. (Watched every video, starting late Jan 2020)
I was a member last year. But dropped after receiving NO communication after multiple attempts.
Love your stuff, but all above was a dealbreaker. Part of the tribe, bot farm 2012, cows, gardens, greenhouse, etc.
I just can’t get excited about PP after all the snafus, switched over to RealVision.
They are not my tribe, but they do EXTREMELY WELL with their member onboarding process & actually respond promptly to member questions.
I’m even seriously considering investing in their upcoming equity private placement based on their very successful subscription model & future plans.
Chris or Adam should subscribe to RealVision, seek to learn from their onboarding and subscription model to take PeakProsperity to a new level.
I do feel aligned with your resilliance minset, as I’ve had an on-again, off-again preparedness side business for 20+ yrs, though I’ve gone low profile as I’ve sought to focus on building a farm CSA heading towards retirement.
Our area is interesting, as we are seeing lots of additional Mennonite and Amish leaving pricey PA and buying here in southwestern Ohio.
There are a couple Mennonite twice-weekly produce auction houses, distribution warehouses, etc.
It’s getting exciting here & I would like to help facilitate an even deeper horse & buggy community.
CD in Cincinnati”
Hurray Chris! Your questioning mind and ability to explain things has been missed in our sound bite world. Stay fearless in asking the uncomfortable questions.
Adam will eventually outpace Pal, particularly after bitcoin swan dives. Last time I watched Pal was all in on bitcoin and so, imo is going to end up looking incredibly naive.
Pal does have a great site and have seen him really shine, especially when he gets into subjects like the demographic nightmare of increasing numbers of elderly people.
But Adam is his easily his equal. Plus he has more gravitas than Pal. Hard to put into words what that means exactly. But, part of it is he is maybe a bit more restrained…without being boring.
I forget who it was, the other day, suggested Taggart go to toastmasters? Guffaw. How incredibly unwarranted. It had me in stitches, laughing.
I used shit as a noun, hardly in anger. The subtext of my comment was the content was great even though they were clearly dealing with aforementioned excrement. I’d want to know who the investors were if I suspected foul play; I don’t. For instance, if vaccine “research” proves safety and efficacy, I want to know where the funding came from, because I know most of the time it comes from the industry and the CDC and FDA take money from the industry.
Again what’s with the aggression?
I did a year’s subscription at RealVision and decided to walk away a month or so ago.
Pal did nail the timing on Bitcoin last year, but he was really wrong on a number of trades too. I’m doing my taxes and though I made good money on the bitcoin trade, when I factor in the Pal trades that failed, I actually made more money with DaveF’s help than I did with Pal’s recommendations.
I totally agree with Prop about Adam. There is simply no better interviewer than Adam. Even though YouTube is getting a bit long-in-the-tooth, it is still light years ahead of any website (though the SEO marketing for YT needs a website to work well).
Adam, if I can help with the grunt work of getting Welthion going, please let me know.
Hi Doug,
I am seeing inflation in foreign exchange. I just paid an annual renewal for a website out of England. They list their price as 99 pounds. Last year that was close to $100. This year it was $134. That means US dollars are worth less than a year ago. That’s inflation.
My three primary trades last year:
- Puts in February, right as the pandemic became a reality. I credit Chris for educating me on the overall backdrop, and then myself for taking his wisdom, applying the pandemic math to timing, which allowed me to sort out when things would likely start to tip over, and in what timeframe. This was the necessary step required to calculate put duration. I also covered at just the right time. Incredible good fortune on that one.
- Silver at $12.50 at or near the pandemic lows. Silver miners at or around the same time. Ridiculously big gains.
- I was less fortunate on crude in terms of timing - I was in and out a number of times - but it eventually worked out. So did the airlines. Spotting the top of the pandemic in early January was helpful too.
- I was not so lucky on the vaxx producer short. Ivermectin was generally well-suppressed by Pharma & their allies - in the market, and here at the site too. (Good job Pharma & allies from keeping cheap treatments that work from the general public; sure, hundreds of thousands of people died, but you guys made out like bandits, and that’s what is important). Science says I should have done well. The vice grip of sociopathic Pharma on the mechanisms of media and government led to a different outcome.
But tax time was generally a positive review for me as well. As in, best year ever. Even with all my mistakes.
I want to reiterate a key point: without Chris’s coverage on the pandemic, I would not have known about pandemic math, and I literally would have missed out on the biggest trade of my entire trading lifetime. It wasn’t interviews with “luminaries” that made me able to trade successfully - it was his deep dive and focused attention on this astonishingly important, perhaps once-in-a-lifetime event happening in real time that was the key to my successful trades.
Just for what its worth.
A lot of “those guys” - people I respect like Hussman - are imagining a crash will happen every few weeks. So far, that’s almost entirely been a money-losing trade. I’ve stayed away from this trade for years, and done well as a result. I just went short during the pandemic. (And a little after too - but soon backed off).
I’m guessing the Resetters did even better than I did. Given that they control the levers of power and all that.
“I want to reiterate a key point: without Chris’s coverage on the pandemic, I would not have known about pandemic math, and I literally would have missed out on the biggest trade of my entire trading lifetime.”
I’m no investing genius but Ive long thought that the above is an example of how amateur active investors could be successful. There is this idea that you need to be investing in something. Right NOW!!!
But really, if you are curious about the world around you and you have a habit of paying attention to things you see these opportunities here and there. None of them are sure things, but there are these cheap (or even “free”) options that turn up. Or weird panics.
Of course to take advantage you have to be able to go against the herd. “How can Silver be $12 unless there is something really wrong that the insiders see that I don’t?” is what guys like me ask themselves while the opportunity slips by.
I owe Chris for the fact that I at least stepped out of the way before the crash last year. No money made, but money saved is better than a kick in the nads.
I find it very difficult to read the markets this year will it be big time inflation? A crash and deflation? Or will we continue going sideways with mixed results?
It seems to me that with EVERYTHING at all time highs and interest rates rising [ without the fed’s input ] we must be coming close to a breaking point already. But I have been thinking that way for a long time.
I haven’t been posting as much, mostly due to a career change and raising a now-teenage daughter (it kicks into high gear around 13, I tell ya!), but I still frequent the site and still read comment sections, so I am very glad this situation was resolved amiably for all sides. While I’m sad to think of PP without Adam, let me say he has done an admirable job these last few months…so, thank you Adam for not letting the ship sink while it headed back to port. I plan on continuing to support both you and Chris going forward as much as I can.
DaveF, Sand_Puppy’s exhortation for your return has gotten so many thumbs-up that I think it is a sign that this community whole-heartedly hopes for your return. =P
@Seedsower - thanks for the idea about the Mennonites in Ohio. It made me realize that for Canada, the equivalent is PEI. Lots of Mennonites have been moving there and establishing farms in the past few years because the land is way cheaper. That adds a lot of resilience to PEI as a whole. Having a physical “drawbridge” to the outside world also makes it a good place to relocate to.
Not knowing what the future will bring I want to express appreciation for the past. 2020 was crazy. Chris’ spontaneous pivot away from the 3Es into a military type intelligence campaign on covid brought clarity and stability to many in this tribe. Much gratitude.
The reality of large scale censoring is very concerning.
Adam’s filling the void was great. I’ll admit to some disappointment with the interviews. The answers rarely rose to the level of the questions. I found the questions more thought provoking than the answers.
I love my country and it’s very sad to see it being killed from within. BLM? Sorry, all lives matter. Intersectionality? Nope. ESG scores? This will be the final injury as large corporations become the parallel government. Sad, sad. But, many thanks to Chris, Adam, and Dave for manning the rudder and keeping it steady this last year.
Of course the DOD and the military industrial complex supposedly have safeguards to prevent conflicts of interest but we all know how that turns out in reality https://m.huffpost.com/us/entry/us_2160771
https://m.huffpost.com/us/entry/us_2160771
Mystery Met, your link’s now linkable.
Jag,
Just for clarity, when you highlight credit inflation as self extinguishing, do you mean those who borrow, will repay, so that represents the extinguishing factor? Or do you mean the act of repayment, will curtail spending, so self extinguishing in that way, or both?
How do you see actual government give-aways affecting this process? I may have things all upside down here.
I wonder if there is a way of figuring out which large BP corporations are working on ivermectin. It’s almost certain they don’t want to miss that gravy train. And also wonder, if it was ever so slightly altered, therefore patentable, would it still work? That would be a good trade!
The obvious candidate is Merck, which is working on its own antiviral, but if it is as good as IVM, it would kill the much bigger golden goose/gravy train of vaccines, and why would any for-profit company want to do that?