Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on July 26, 2020

Bookmark and Share

We Are On Our Own In The Post-COVID World

We Are On Our Own In The Post-COVID World thumbnail

Even before the coronavirus pandemic hit, things weren’t all that great for the bottom 90% of households.

The median household was barely scraping by with ultra-low financial reserves, meager retirement savings and high levels of debt. All while being relentlessly crushed by cost of living inflation running far higher than the blatantly fraudulent government statistics offered up by the BLS.

Even more infuriating, the economic pie was preferentially handed to the top 10% — well, more specifically, to the top 1%. And even more dramatically to the top 0.1%.  Don’t even get me started on the 0.001%…

(Source)

While often presented in the media as a puzzling thing without any root cause, both the income and wealth gaps are the direct result of Federal Reserve policies and actions.  Helped, of course, by lobbyists for the elites influencing Congressional tax legislation.

So it’s no accident that over time, tax rates on the rich have been substantially cut:

This chart says that the very highest income earners have a lower effective tax rate than anybody else in the nation.  Billionaire Warren Buffett famously pays a lower rate than his secretary. Goldman Sachs bankers are taxed more favorably than their Uber drivers. Again, this isn’t happening by accident.

And it reveals that, despite the fiction of fairness and freedom, America’s true values and priorities are aimed at funneling more and more of its wealth to in the pockets of an elite few.

Said another way: The final looting operation has begun.

The reason Peak Prosperity exists is to fight this outcome tooth and nail.  The path that the US government and Federal Reserve have charted ends in the destruction of prosperity for all of us. Yet the current crop of national managers (not leaders) are just too self-isolated in their echo chambers to grasp that.  They’re insulated from the impacts of their policies and so they can’t quite see ahead to the endgame.  Or they simply don’t care.

Which is why I am in a certain way thankful for SARS-Cov-2. It has woken up a center mass of people and alerted them to the true reality of their situation.  It has revealed just how corrupt, self-serving, and disinterested the elites are in the plight of the middle and lower classes.  It has exposed the extent to which institutions and corporations are failing at their most basic of duties.

It has finally laid bare the truth: We are on our own. 

There’s no rescue coming.  No next elected official who can repair all that’s gone wrong.  The very DNA of the organs of the State has mutated beyond repair.

Which in a twisted sense is positive news. We need the status quo to fail so it can be replaced with something better.

Necessary Change

Constructive change is long overdue.  The dismal charts above show that the wealth disparity in the US didn’t suddenly appear in 2020; it’s been festering for decades.

The grotesque inability of our health care to acknowledge let alone utilize the profoundly effective Covid-19 treatments that exist (e.g. MATH+, HCQ+ early on, etc.) in favor of overhyped/unproven new drugs like Remdesivir which barely works at all, is nothing new.  It speaks to a corruption of science and the power of monetary greed at the expense of basic goodness and human decency that also did not suddenly arise in 2020.  Those too have been with us for a long time.

When farmers can only survive by going deeper into debt while receiving only 7 cents of the final dollar spent by the consumer who buys their food at the store, it speaks to a profoundly misguided system that seems to have forgotten that without the producers you have nothing at all.  Yet it merrily squeezes the farmers year after year taking as much as it can for itself.

When such disconnects become so entrenched that they are no longer even questioned, you cannot vote them back into working order.  You cannot tweak some policies and fix them.  They need to be swept aside and rebuilt.

The time before us is about remembering what’s important and veering back towards integrity and away from myopic self-interest.  Away from “me” and back towards “us.”  No, I am not saying socialism, communism, or any other ‘ism.’  I am saying that we’re all in this together and that it’s time to swing back towards acting as if we care about more than ourselves, as if we understand how the larger system works and join together to make it function even better.

Time To Vote!

No, I don’t mean vote in elections.  (Though sure, go ahead and vote if that makes you feel any better. But personally I’ve lost all attachment to the idea that there’s a lick of worthwhile difference between the major parties.)

I mean vote with your money. Vote with your actions. Vote with your heart. And vote with your mind.

There’s nothing you can do about the fact that the world’s central banks have printed up $5 trillion of new currency in approximately 6 months. That’s roughly equal to their combined output during 4 entire years of the Great Financial Crisis:

None of us can vote the central banker rascals out (they are appointed), but we can we vote with our currency — exchanging it for gold, silver, land, and any other hard assets we can manage to store well.

It’s worth noting that gold, which we’ve been strongly recommend folks accumulate for this very reason,  just hit a brand-new weekly closing high this week :

And silver’s at multi-year highs.

Both are telegraphing a loss of confidence in the US dollar and the global financial system itself.

We can’t do anything about our politicians’ weak, ineffective efforts at getting people to wear masks or take Covid-19 seriously. But we can vote with our feet and move to more sustainable, less densely populated areas, as is already happening in droves.

We can’t control the anger of the populace or the sudden proliferation of riots and unrest. But we can arm (and train!) ourselves to protect our loved ones if need be, which explains surging gun sales.

We can’t predict the quality, the price, or even the availability of vegetables and meat. But we can plant gardens and begin raising chickens.

Join The Movement

SARS-CoV-2 has exposed the rot in the system.  And that’s a good thing because it needed to be.

No problem has ever been fixed without first being identified.

Now we can focus on fixing what can be salvaged and tossing the rest.

Perhaps you’re a fast adjuster and you’re one of the few folks already busy operating in the solution space. If you are, I’ll bet that you know lots of people who aren’t there yet. Who are still clinging to some level of denial or bargaining that the failing status quo can somehow continue indefinitely.

Don’t worry, they’ll catch up. Eventually. Because they’ll have to. Change will be forced upon them.

The data all point to a rapidly intensifying set of trends that will completely reshape both our future prosperity and opportunities we have to pursue it.  Great fortunes will be made and lost.

As with any fast-changing moment in history, the trick is skating to where the puck is going to be.

My co-founder Adam Taggart and I have spent the past ten years laying out the case for why this moment in time would inevitably arrive, and how people can prepare themselves.  Not to merely survive, but to thrive.

We’ve cajoled, nudged, urged and cautioned people to read between the lines and heed the warning signs.  We’ve strongly advocated for converting paper wealth into precious metals and other hard assets, developing multiple income streams (in case a bread-winner’s job was lost), developing stronger relationships and a healthier body.

Every one of our recommendations has served our readers very well leading up to — but especially in — today’s trying times.

Did we know Covid-19 was coming along?  No, of course not.  But all that the pandemic has done is accelerate the public’s recognition of the many predicaments and plights we’ve been warning of.

So, with systemic instability increasing and the serious changes coming fast and furious now, how should you be prioritizing your focus?

Even if you’re a first time reader of our material and haven’t taken any steps yet, there’s still much every one of us can and should be doing.

The economic and health consequences of Covid-19 are extremely severe.  Expectedly so.  And they are still creating havoc in ways we don’t fully appreciate yet.

So every day counts now, and all your actions matter.  It’s time to build resilience.  At the household level first, and then within your community.  Deepen your pantry, deepen your friendships, and deepen your soil.

The more you can rely on yourself and those around you, the better off you’ll be.

Which is why in Part 2: Welcome To The Movement, I detail out the tremendous advantage of learning from and participating in the Peak Prosperity “tribe” as we all plan for the approaching turbulent times. There are literally tens of thousands of like-minded people of goodwill and staggering expertise all around the world connecting through this online community, eager to help and support one another.

Our individual chances of making it through with safety and optimism are much higher together vs going it alone. Consider joining the movement.

peak prosperity



32 Comments on "We Are On Our Own In The Post-COVID World"

  1. jef on Sun, 26th Jul 2020 8:46 am 

    Step #1 – Start a web page charging people money for information in order to get ahead of the 99% who don’t.

  2. Outcast_Searcher on Sun, 26th Jul 2020 9:14 am 

    The usual distortion field, written by the usual suspects wanting to sell something.

    I’m shocked, SHOCKED I tell you! LOL

    Liberals whining about successful people doesn’t mean the world is ending. Until COVID-19 hit, US median household income was doing rather well in the US since the great recession. US household debt payments as a percentage of disposable personal income continue to fall, even post COVID-19, and have been falling since Q4 2017.

    Yes, the dollar has fallen a bit recently, and with all the stress on the global financial markets and the economy, that’s not surprising. OTOH, it’s only by about 5%, and only getting back to the average for the past 20 years or so, so NOT exactly doom. Also, a weaker dollar is an opportunity for emerging market economies. There is a reason it’s good to be diversified with one’s investments.

    Plus, whether doomers like it or not, the prospects for effective vaccines nearly wiping out COVID-19 in 2021 look increasingly good. Even if people need another shot every year, that’s an inconvenience, not doom.

    But of course, the whining, the false claims of doom, and the cherry picking to try to justify doom, are ongoing as usual. There’s ALWAYS and excuse for why projected doom is in our face.

    And so whenever there is a financial crisis, whatever the reason, the doom patrol gets all wound up. And is wrong, as per usual.

    But hang in there clowns – if things go poorly in 2021 re timely vaccines, the market might fall like it’s 2008 again. Then you can tell people to sell all their stocks right near the bottom, again.

    After all, that’s what members of all this stuff doomers are paying for with all these collapse sellers, right? Given their track record, they must just LOVE bad financial advice.

  3. Duncan Idaho on Sun, 26th Jul 2020 9:33 am 

    100 DAYS OUT: TRUMP IN DEEP TROUBLE

    They just need to steal it.

  4. Chrome Mags on Sun, 26th Jul 2020 10:08 am 

    And they will do everything they can to steal it. Wiping away million from the voter rolls, reduced voting locations in dem voting areas, hacking in to change the vote in electronic voting machines, propaganda to change the vote, you name it, it’s going to be the worst example of totalitarian influenced vote ever.

    Trump has been on the phone to Putin 7 times in the last 10 days. Likely getting tips on how to fraudulantly forcing the final voting tally in his favor.

    We’ll lose lots of states the early polls show we should win, but hopefully enough states will win it and we can get that corrupt creep out of office.

  5. Abraham van Helsing on Sun, 26th Jul 2020 10:20 am 

    It is almost certain that there is not enough order left in the country to ensure a, well, orderly vote. Everything is going to be contested, expect a huge mess that could easily totally get out of hand.

  6. Sissyfuss on Sun, 26th Jul 2020 10:51 am 

    Peak Prosperity is pushing the same old, tired message, hire me and I’ll make you wealthy. Einstein warned us about doing the same thing over and over that gets you nowhere and we are definitely getting nowhere these days.

  7. Abraham van Helsing on Sun, 26th Jul 2020 11:41 am 

    Chris Martenson is a gold bug and is making a good living on your fear and his product.

  8. Abraham van Helsing on Sun, 26th Jul 2020 11:51 am 

    “But personally I’ve lost all attachment to the idea that there’s a lick of worthwhile difference between the major parties.”

    Hahaha, that was true between 1945 and 2016. Now both parties have mutated in outright war parties. But Martenson is an individualist, deracinated libtard from a small, safe village in New England, far away from Boston (also rather safe) and has no clue about what is about to happen to the country, namely blowing up over race. He is too political correct to let even a hint of that truth enter his brain. His worldview consists of econometric graphs and data, very similar to our empire dave. Martenson has started a “movement”, together with his business partner. Send your money and you’ll receive gold back, at a fee.

  9. JuanP on Sun, 26th Jul 2020 12:18 pm 

    Soros Says ‘Trump Will Disappear In 2020 Or Sooner’ In Ominous Message

    “After explaining that he considers the Trump administration to be “a danger to the world,” Soros then said he sees it as “a purely temporary phenomenon that will disappear in 2020 or even sooner,” according to CNBC. With no impeachment on the horizon, we are only left to speculate as to what he meant by ‘even sooner…Soros also compared Trump to Russian President Vladimir Putin, claiming without evidence that the US President would like to create a “mafia state” which suppresses individual rights – but that he’s prevented “because the Constitution and the institutions and a vibrant society won’t allow it.” According to the billionaire, he’s using his foundation to “protect the democratic achievements of the past” (like slavery?), and will be mobilizing his forces to help defeat Trump.”

    https://www.zerohedge.com/political/soros-says-trump-will-disappear-2020-or-sooner-ominous-message

  10. Davy on Sun, 26th Jul 2020 12:59 pm 

    Soros is real smart juanPee. Your stupid.

  11. most supertards are currently typing away hard and suckle on the muzzie ck this is very strange and curious to me i see supertard JuanP suckle on the muzzie ck too hard i dont think he feel well due to the CONVICT-19 on Sun, 26th Jul 2020 1:44 pm 

    I think if he suckle the muzzie ck harder it may cures him

    he’s working hard on the muzzie ck

  12. suckling on muzzie ck and enjoying wearing face DIAPER-19 is making me very confused ok supertards on Sun, 26th Jul 2020 2:02 pm 

    how bazzaire how bazzaire!

  13. Duncan Idaho on Sun, 26th Jul 2020 2:19 pm 

    Here are 3 ways Trump’s ‘nepotistic family criminal enterprise’ is burrowing his campaign into the ground

    https://www.alternet.org/2020/07/here-are-3-ways-trumps-nepotistic-family-criminal-enterprise-is-burrowing-his-campaign-into-the-ground/

    Only 3?

  14. Duncan Idaho on Sun, 26th Jul 2020 2:25 pm 

    “When you hitch your wagon to an orange imbecile, I’m not sure why you would expect any other outcome.”

    More on Trump’s mini-me, Ron DeSantis

    https://digbysblog.net/2020/07/more-on-trumps-mini-me-ron-desantis/

  15. Abraham van Helsing on Sun, 26th Jul 2020 3:10 pm 

    Do you seriously think that anybody reads your crappy links, apneaman?

  16. Dredd on Sun, 26th Jul 2020 5:12 pm 

    “We Are On Our Own In The Post-COVID World”

    That assumes that there is a post covid world (On The Origin Of The Home Of COVID-19 – 12).

    Post-Covid would be a result of treating the cause rather than the effect.

  17. Duncan Idaho on Sun, 26th Jul 2020 5:47 pm 

    Guess which two states have the most newly unemployed. Hint: It’s the two worst governors

    https://www.dailykos.com/stories/2020/7/25/1963715/-Guess-which-two-states-have-the-most-newly-unemployed-Hint-It-s-the-two-worst-governors

    The Blue States are tired of supporting our Red State Friends.

  18. makati1 on Sun, 26th Jul 2020 6:22 pm 

    “As with any fast-changing moment in history, the trick is skating to where the puck is going to be.”

    So true! Too many have no idea that they are in a game and the winner takes all. Having a good idea where the puck will be is my goal. That is why I spend several hours every day of my retirement, following current events, exchange rates, etc.

    The only thing I am 100% sure of these days, is that I do NOT want to be in the USSA Police State. I have not read anything positive about Amerika for a long time. Nothing.

    I am enjoying the freak show called: “The Presidential Election”. The “parties” are Siamese twins joined at the MIC and Wall Street.

    When I was a teen, I knew where the whorehouse was in my little town. I even saw Bessie, the black lady that ran it. She was a respected member of the town, providing a needed service. Some wives may have disagreed.

    I wonder how many Amerikans know that their Congress is similar to that establishment?

  19. Duncan Idaho on Sun, 26th Jul 2020 6:39 pm 

    The Pigs are going to tire in Portland—–
    It has been quite a while, and they are Pigs.
    Reminds me of my Berkeley and Isla Vista days.

    We shall see.

  20. Abraham van Helsing on Sun, 26th Jul 2020 8:03 pm 

    Does anyone seriously think my anus is sore enough?

  21. REAL Green on Sun, 26th Jul 2020 8:23 pm 

    Oh dear cloggo. Stop complainin. You and I both no are widdle peepee is real small. More of an innie then an outie, actually.

  22. Davy on Sun, 26th Jul 2020 8:38 pm 

    Yeap REAL Green. Are Mommy always said it looked more like a small clitorus.

  23. supertard thanks for green adapt blog imma swipe it for my blog and generate passive income in 10 years on Sun, 26th Jul 2020 8:39 pm 

    a lot of muzzie love content
    it’s grate

    imma retire with passive income

  24. REAL Green on Sun, 26th Jul 2020 10:53 pm 

    JuanP just posted a comment over on the intelligent moderated side Davy. We need to go attack him REAL soon before he gets away. Only it’s passed are widdle bed time and JuanP is still ignoring us. What’s a widdle mindless low IQ lunatic to do?

  25. Davy on Mon, 27th Jul 2020 2:11 am 

    Do you seriously think that anybody reads your crappy links, cloggofraud?

    Besides me that is.

  26. Abraham van Helsing on Mon, 27th Jul 2020 2:30 am 

    The Dims will love it: strong wind destroys Trump’s border wall so Hispanic colonizers can invade the US unhindered and take it over:

    https://www.rt.com/usa/495928-texas-border-wall-collapse-hurricane/

    It ISN’T a gaffe:

    https://www.rt.com/usa/471691-trump-border-wall-colorado/

    “‘Make New Mexico pay for it!’ Twitter baffled after Trump vows to build wall in Colorado”

    It merely reveals that Trumps has a realistic sense about where the new frontiers will lie, after CW2.

  27. zero juan on Mon, 27th Jul 2020 5:11 am 

    nightly lunatic:

    Davy said Do you seriously think that anybody reads your cra…

    REAL Green said JuanP just posted a comment over on the intelligen…

    supertard thanks for green adapt blog imma swipe it for my blog and generate passive income in 10 years said a lot of muzzie love content it’s grate imma…

    Davy said Yeap REAL Green. Are Mommy always said it looked m…

    REAL Green said Oh dear cloggo. Stop complainin. You and I both no…

    More from Davyscum the bored Lunatic said zero juan on Sun, 26th Jul 2020 7:43 pm

  28. juanPee on moderated side on Mon, 27th Jul 2020 5:13 am 

    Re: China is finished… This is the End of China
    Postby REAL Green » Mon 27 Jul 2020, 05:09:47

    JuanP wrote:
    After decades of reading Chinese news sources I have become quite adept at reading between the lines. This is the fifth article I’ve read on Chinese media about expanding and modernizing China’s nuclear arsenal this year. I had never before read even one article suggesting that. I believe this means that the Chinese government is already doing this. Based on what I’ve read I believe that their goal is to triple their number of nuclear warheads and transition to supersonic and hypersonic delivery systems, including maneuverable gliders and missiles within the next five years.

    Real green:
    Come on JuanP, this has been the policy for years and not only with weapons. China is looking for global hegemony of the Chinese people. Stop acting the expert like you have discovered something hidden and secrete. You emotionally read propaganda daily so this is expected.

    JuanP wrote:
    I also recently read an article that used the word “counterattack” regarding the USA’s recent behavior towards China; that was a first, too. The Chinese are extremely careful in their word usage and that was no accident, it was an intentional, conscious act. China is reaching the end of its patience regarding the USA’s constant attacks against it and can be expected to be less patient in the future.

    Real green:
    Unlike your binary one-sided emotional stance of “ChinaUp AmericaDown” I see both sides lock in a race on multiple levels. China is now the aggressor and disruptor mainly becuase it is catching up and it can. This is clear by their pure hegemonic goals on all levels. They will get there by whatever means also.

    JuanP wrote:
    The closure of the Chengdu US Consulate in response to the US closure of the Chinese Houston Consulate is also quite telling. That particular consulate was one of the two main CIA operations center in China (the other being the US Hong Kong Consulate) and it was responsible for all the US intelligence operations in Tibet and Xinjiang. The US just lost most of its ability to interfere in those locations, which is a major win for China.

    Real green
    LMFAO, again you are playing the expert knowing so much about “intelligence”. We do know China is stealing the west blind and the only reason is hegemony. The west has allowed it becuase China has allowed many to get wealthy in the process. It has been a trojan horse of globalism driven by Chinese expansionism.

    JuanP wrote:
    My guess is that Trump thought that China would close the US Consulate in Wuhan, and was completely blindsided by the Chinese move. The US Consulate in Chengdu closes tomorrow, dealing a heavy blow to the CIA and DOS operations in Xinjiang and Tibet.

    Real green
    MG the things that go on in your head. You really are filled with fantasy and drama. You must love the fake news in the world today. So much fiction to weave.

  29. zero juan on Mon, 27th Jul 2020 5:24 am 

    missed this juanPee ID theft:

    Abraham van Helsing said Does anyone seriously think my anus is sore enough…

  30. zero juan on Mon, 27th Jul 2020 5:26 am 

    oops, this one too. you upset your buddy, cloggo! Now he wants to luntic you:

    Abraham van Helsing on Sun, 26th Jul 2020 8:10 pm

  31. CloggieFraud Reports on Mon, 27th Jul 2020 9:26 am 

    Thanks for the news cloggie.

    Nice to see the US taxpayers got fleeced by Trump yet again via his “big, beautiful, inpregnable wall” getting blown over….. he huffed, and he puffed, and he blew it all in.

    But, cloggie, you and Trump promised that Mexico would pay for the wall. What happened with that promise?

    Both of you are gullible clowns.

  32. Abraham van Helsing on Wed, 29th Jul 2020 5:56 am 

    Corporations finding out they can save a lot of money on office space, by letting their workers work from home:

    https://www.dailymail.co.uk/debate/article-8570097/As-Google-lets-staff-stay-home-summer-plea-return-work-ALEX-BRUMMER.html

    “The bosses betraying Britain by keeping their workers at home: As Google lets staff stay at home until next summer, a despairing plea for a return to work – and sanity – by ALEX BRUMMER”

    A bit of the same mechanism that when banks found out they don’t need expensive branch offices and employees to interact with their clients. Let the esteemed clients do their banking activities from home, behind their computers. In 2020, a bank is a computer server and little else.

    Now office work is next to be axed. Get used to working via Skype, Joe Sixpack!

Leave a Reply

Your email address will not be published. Required fields are marked *