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The Covid-19 Wave 2 Preparation Guide

1 day ago

The lessons from 1918/1919 as well as H1 2020
Why preparing a few weeks/months too early is vastly preferable to a day too late
Our top key takeaways from Wave 1 that apply to preparing for Wave 2
Additional resources to improve the success of your preparation efforts
If you have not yet read Part 1: What If A Covid-19 Wave 2 Happens During A Natural Disaster?, available free to all readers, please click here to read it first.
A growing chorus of readers have been asking Chris and me for a covid-19 Wave 2 prep guide that builds upon the recommendations made in our urgent publications from February and March. Now that we’ve been through Wave 1, what new preparations would we emphasize?
Given the high degree of reader interest as well as our strong belief that the time to prepare for

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What If A Covid-19 Wave 2 Happens During A Natural Disaster?

1 day ago

It’s hard to think about a second wave of covid-19 infections when countries are still wrestling with Wave 1. We don’t even know if one will occur.
But history shows it’s a possibility we have to be on guard for. The Great Influenza of 1918 has three waves, with the second being by far the deadliest.
If covid-19 turns out to indeed have a second wave, will it be more deadly, too? No way to know at this time. But again, that’s a potential outcome we need to be aware of.
Yet one other important question we don’t have the answer (yet) to: If a second wave does occur, what would happen if the timing coincides with another crisis?
This question is timely, as most predictable natural disasters tend to happen in second half of the year. And we’re entering that period now.
The east coast’s

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Market Update: Gold Hits $1800 – What’s Next?

2 days ago

As we committed to last week, this week’s video focuses on the precious metals and the exceptional performance gold is exhibiting right now after many years of disappointing returns.
Year-to-Date, it’s hard to find an asset class that has performed better than gold and gold mining stocks:

And the reasons for owning gold just keep getting stronger and stronger. As this week’s expert guest Jeff Clark, Senior Precious Metals Analyst at GoldSilver.com enumerates, all of these gold-friendly trends are solidly in play:
record money printing by the central banks
negative real interest rates
record sovereign deficit spending & debt issuance
rising geopolitical tensions
dangerously overvalued stock and bond markets
covid-19 pandemic continuing health & economic impacts
These are big structural

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Covid-19: Is Herd Immunity Possible At This Point?

2 days ago

With total covid-19 cases worldwide having punched above 10 million and the US now experiencing 50,000(!) new infections per day, the end to the pandemic looks nowhere in sight.
For those hoping a vaccine will ride to our rescue, we’re stuck in a cycle of good news/bad news as nearly every promising initial announcement is soon followed by a list of setbacks. Complicating the matter is that former covid patients appear to be losing their antibodies quickly — suggesting that lasting immunity may not be a realistic expectation.
Meanwhile, more research data is pointing to the conclusion that the virus did develop, in part, in a lab. With 90% confidence.
Oh boy…

GET YOUR RESILIENCE SHIRT! If you want your own RESILIENCE shirt to proudly wear like Chris & Adam, click here.

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Daily Digest 7/3 – Good News Friday: West Coast States Teaming Up to Build Electric Highway, Is The Five-Day Office Week Over?

2 days ago

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header “Good News Friday.” We will save and post weekly. Enjoy!
Economy

Is the Five-Day Office Week Over? (TS)
In the Survey of Business Uncertainty — by the Atlanta Fed, Stanford and the University of Chicago — employers predicted that post-pandemic, 27 percent of their full-time employees would continue working from home, most for a few days a week. Other surveys of firms have shown that they expect at least 40 percent of employees to keep working remotely.
Across organizations, work was most effective when employees were home one or two days a week, found research by Humu, a tech company run by

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Daily Digest 7/2 – Dollar’s Dominance To Slowly Melt Away Over Coming Year, How COVID-19 Widened America’s Wealth Gap

3 days ago

Economy

‘Extreme inequality was the preexisting condition’: How COVID-19 widened America’s wealth gap (tmn)
“The pandemic crisis will widen the already worrisome levels of income, racial, and gender inequality in the U.S,” Dimitri Papadimitriou, President of the Levy Economics Institute at Bard College, and former Greek Minister of Economy and Development, told ABC News. “This engenders an element of a vicious circle at work: not only will the pandemic and its fallout worsen inequality; inequality will exacerbate the spread of the virus, not to mention undermine any ensuing economic recovery efforts.”

Dollar’s dominance to slowly melt away over coming year: Reuters poll (Sparky1)
“The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is

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Covid-19: Half A Million Dead. And Rising.

4 days ago

Today marks a grim milestone as the world crosses the 10 million covid-19 cases threshold, as well as half a million dead from the virus.
And the counts keep rising.
Meanwhile, the debate somehow rages on: Is covid-19 a big deal or not?
In today’s video, Chris evaluates the arguments on both sides (spoiler alert: after doing so, he’s even more firmly in the “big deal” camp than before)
It’s little wonder that the US is managing the pandemic so poorly when we can’t even agree that millions infected, hundreds of thousands dead, sharply rising new cases in many states, and hospitals overflowing with increasingly young patients are cause for concern.
Or that the Federal Reserve, busy using the crisis as an excuse to enrich the billionaire class at the expense of everyone else, is run by a man

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Daily Digest 7/1 – Senate Reaches Last Minute Deal To Extend PPP, Coronavirus Brings American Decline Out In The Open

4 days ago

Economy

Senate reaches deal to extend Paycheck Protection Program hours before it was set to expire (TourGuideDC)
Democrats had been planning all day to try to advance Paycheck Protection Program legislation on the floor by unanimous consent — but they were expecting Republicans to object. Instead a last-minute deal was struck and quickly passed.

Even if the House manages to pass the measure before adjourning this week, though, thorny questions still remain unresolved about how to repurpose the funds left in the program. Demand for the remaining money has slowed to a trickle, a dramatic change since the program was launched in April and immediately overwhelmed by demand.

Coronavirus Brings American Decline Out in the Open (Adam)
Almost every systematic economic advantage possessed by

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Daily Digest 6/30 – Cash Cliff Spells Trouble For U.S. Unemployed, The Fed Now Owns Walmart’s Debt

5 days ago

Economy

A cash cliff spells trouble for U.S. unemployed, and everyone else (Sparky1)
Without new support, recipients face a substantial loss of income – particularly devastating for those like the Ramirez family who worked in hard-hit sectors like hospitality where new jobs are scarce. During high unemployment and a still-raging pandemic, the end of enhanced jobless benefits could drag on consumer spending, set off a wave of missed rent and mortgage payments and translate to a slower recovery, economists said.

China passes national security law in turning point for Hong Kong (Sparky1)
The legislation pushes Beijing further along a collision course with the United States, Britain and other Western governments, which have said it erodes the high degree of autonomy the city was granted

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Daily Digest 6/29 – 500K Coronavirus Deaths Worldwide, Remdesivir Priced At $3,120 For Typical Patient

6 days ago

Economy

Russia Secretly Offered Afghan Militants Bounties to Kill U.S. Troops, Intelligence Says (Sparky1)
The intelligence finding was briefed to President Trump, and the White House’s National Security Council discussed the problem at an interagency meeting in late March, the officials said. Officials developed a menu of potential options — starting with making a diplomatic complaint to Moscow and a demand that it stop, along with an escalating series of sanctions and other possible responses, but the White House has yet to authorize any step, the officials said.

Hack Brief: Anonymous Stole and Leaked a Megatrove of Police Documents (Sparky1)
DDOSecrets notes that none of the files appear to be classified, and Best concedes that they may not show illegal behavior on the part of

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Daily Digest 6/27 – State & Local Gov’ts Need Billions More To Avert Layoffs, Half of U.S. Homeowners Struggle To Pay Mortgages

7 days ago

Economy

State, local governments need billions more in aid to avert 4 million layoffs, Moody’s finds (Sparky1)
The Democratic bill combines $500 billion for state governments — as requested by the nation’s governors — and $375 billion for local governments, many of whom were left out of earlier relief efforts. The Moody study says that level of spending — rejected out of hand by Republicans — is likely beyond what’s needed.

“The scope of aid being requested is certainly unprecedented in size and warrants significant scrutiny,” Moody’s says. “For example, the $1 trillion in aid recently approved as part of the house’s HEROES Act would be enough to raise the eyebrows of even the most aggressive advocates of fiscal stimulus.”

Half of U.S. homeowners struggle with mortgage due to

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Into The Light: 8 Steps For Surviving What’s Coming

8 days ago

The implications of the Federal Reserve’s massive mistakes
The (many) indicators I am watching most closely right now
The 8 steps I recommend *everyone* take right now
Additional steps I’ve been taking to prepare in my own life over the past 3 months
If you have not yet read Part 1: Into Darkness: Where The Fed Is Leading Us, available free to all readers, please click here to read it first.
I’ve been tracking full-time the macro developments driving the world for nearly 20 years now, and at no point have I been this concerned where things are headed. And that’s saying a *lot*.
So I’ve produced the following hour long video walking you through in great detail the key indicators that worry me and suggest a breakdown of the status quo is a lot closer at hand than most folks imagine.
I

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Into Darkness: Where The Fed Is Leading Us

8 days ago

As you may know, I was one of the very first voices publicly reporting on covid-19, issuing an alert that the virus was a significant pandemic event on Jan 23rd, 2020.
This was long before most media outlets even managed to write their first “It’s just the flu, bro!” article.
Using the same logic and scientific methodology I was trained in as a PhD, I was able to “predict” things well in advance of nearly every official or mainstream news source.
I’m using quotation marks around the word  “predict” because it’s not really a prediction when you’re just extrapolating trends that are already underway.
Just as it’s not really a “prediction” to estimate where a thrown pitch will travel, it wasn’t much of a prediction to state that a novel virus with an R-Naught (R0) of well over 3 would be

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Market Update: Triple Threat!

8 days ago

Since the appearance of the bearish island reversal we noted two weeks ago, stocks have struggled and so far failed to regain the highs reached earlier in June.
And another bearish island reversal happened on Tuesday:

The resistance displayed by these reversals and the resulting choppiness of trading are exactly the sort of indicators we would expect to see precede a market downturn.
At a minimum, it certainly appears that the meteoric surge in stock prices since the March bottom ended in early June. Stocks have struggled since and just closed down another 2% today alone.
So with the market suddenly struggling here, what’s more likely: a roll-over or a resumption of the rally?
We invited Charles Hugh Smith, proprietor of OfTwoMinds.com as this week’s expert guest onto the program, and he

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Covid-19: Is The Worst Behind Us?

9 days ago

Data is increasingly suggesting that the first wave of covid-19 in a country (or state) is the worst. The most people get infected during that initial period, as expected with a virus with an R0 this high.
Many US states are still in their first waves, especially those in the South and West seeing re-surging infections. The battle there remains focused on preventing things from getting out of control and overwhelming the medical system.
But it’s possible that previously hard hit areas like New York, Italy and Spain may now have sufficient immunity to avoid a second wave. It’s too soon to know for certain, but if true, this will be very welcome news.
Similarly encouraging is that we now have a better handle medically on how to treat covid patients successfully with early intervention

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Daily Digest 6/26 – Good News Friday: Cleaner Air Could Reshape What We Know About The Atmosphere, The Great Wonders Beyond the Great Reef

9 days ago

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header “Good News Friday.” We will save and post weekly. Enjoy!
Economy

Stranger stuns performer during recording of national anthem: ‘Unity not division’ (Sparky1)
Madisen Hallberg, a graduate of PSU’s College of the Arts, was working with the university’s video crew — who was in the process of recording speeches and performances to celebrate the graduating class of 2020 — when the chance moment took place.

While the team was recording Hallberg’s rendition of the national anthem on an outdoor stage, Emmanuel “Onry” Henreid, a professionally trained singer who performs with the Portland Opera, took

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Daily Digest 6/25 – U.S. Breaks April Record Of New Coronavirus Cases, Businesses Sue Seattle Over ‘Occupied’ Protest Zone

10 days ago

Economy

U.S. hits highest single day of new coronavirus cases with more than 45,500, breaking April record (tmn)
Visitors who travel from U.S. hot spots who arrive in New York, New Jersey and Connecticut will be asked to quarantine for two weeks, their governors announced Wednesday.

Unfortunately, as many states struggle to contain the virus after having prematurely loosened restrictions, hospitals are becoming overwhelmed by patients.

The COVID-19 Community Vulnerability Index (CCVI) (tmn)
Which communities are most vulnerable to COVID-19?

Explore the interactive map to see the data at a county level. Click on the vulnerability category in the legend to see all counties that fall under that bracket. Mouse over to see the county level data.

Businesses sue Seattle over ‘occupied’

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D614G: A New, More Serious Covid-19 Mutation To Worry About

11 days ago

Continuing its Keystone Cops manner of dealing with covid-19, the US appears to be caught flat-footed by the resurgence of infections happening across many southern and western states right now.
Yes, people are tired of being cooped indoors and wearing masks. Summer is here and they want to get outside, spend time with loved ones, and get back some normalcy of life.
But the Honey Badger virus ‘don’t care’. Covid-19 sees our loosening restrictions as a welcome invitation and is burrowing in with enthusiasm.
Making matters worse for us human hosts, a new strain of the virus — the D614G mutation — has been identified. It appears to be more contagious and serious than most previous strains.
So, for those who do not want to catch covid-19, now is not the time to start letting down your guard.

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Daily Digest 6/24 – The Second Great Depression, Boomers Struggle To Save Enough For Retirement

11 days ago

Economy

The Second Great Depression (KV)
What will the recovery look like? At this fraught moment, no one knows enough about consumer sentiment and government ordinances and business failures and stimulus packages and the spread of the disease to make solid predictions about the future. The Trump administration and some bullish financial forecasters are arguing that we will end up with a strong, V-shaped rebound, with economic activity surging right back to where it was in no time. Others are betting on a longer, slower, U-shaped turnaround, with the pain extending for a year or three. Still others are sketching out a kind of flaccid check mark, its long tail sagging torpid into the future.

Over 700 cash-strapped cities halt plans to repair roads, water systems or make other key

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Off The Cuff: Get Your Exit Strategy Ready

11 days ago

In this week’s Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
Society’s fatal flaws and it’s inability to acknowledge them
Reducing your dependence on central institutions is one of the best investments to make today
Reclaiming your food production produces valuable health, self-reliance and spiritual returns
The unrest rippling through society today is awakening more and more of us to the flaws of our current system. The benefits concentrate among too few, and those controlling the system seem happy to commit regular fraud to maintain their power and advantage. More and more of the masses are realizing that the inequity they are experiencing is an intentional feature of the system, not a glitch.
It is fair? No. Will it continue? Most likely yes, until things collapse from

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Daily Digest 6/23 – The Crisis Goes Up A Gear, What’s Next For Big Oil?

12 days ago

Economy

A Moratorium on Evictions Ends, Leaving Thousands of Tenants Fearful (000)
The number of eviction cases expected to be filed reflects the typical caseload in a three-month period, which was the length of the moratorium. But it does not take into account the fallout from the more than one million city residents who have lost their jobs or were furloughed in recent months and whose federal stimulus payments of an extra $600 per week will soon run out, housing advocates say.

A second order issued by the state that shields tenants directly affected by the pandemic expires in late August and could produce an even bigger wave of eviction cases.

The crisis goes up a gear (Sparky1)
The dollar could fail completely by the end of this year. Against that possibility a reset might be

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Daily Digest 6/22 – Inflation Dog May Finally Bark, Massive Quarantine Measures In Place In Bejing

13 days ago

Economy

Venezuela’s rival presidents prepare to battle over gold in London vaults (Sparky1)
The opposition, still led by Guaido almost a year and a half after he began a parallel presidency, hopes a favorable verdict could influence other countries to hand them control of more Venezuelan assets, including $5 billion of state funds frozen in foreign bank accounts. “Without a doubt recognition from the court would be a very important precedent,” Guaido’s chief overseas legal representative, Jose Ignacio Hernandez, told Reuters. The Bank of England has declined to comment on the case.

Inflation dog may finally bark, investors bet (monkaMegaa)
Even typically frugal governments such as Germany have joined central banks with trillions of dollars in stimulus programmes. Investors say even

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Daily Digest 6/20 – Food Scarcity Is On The Rise As Economy Reels, World’s Ultra-Wealthy Go For Gold Amid Stimulus Bonanza

14 days ago

Economy

Food scarcity is on the rise in America as the economy reels (Sparky1)
More than 10% of households said they sometimes or often didn’t have enough to eat in early June, the St. Louis Fed found. That compares with about 8% of households experiencing food scarcity before March 13, when states began shutting down businesses and layoffs spiked, according to Census data. With at least 21 million workers out of a job, 17 million additional Americans are at risk of becoming food insecure, Feeding America, a nonprofit coalition of food banks, said in a recent report.

A Big Oops in the Government Unemployment Numbers (monkaMegaa)
Heidi Shierholz serves as the Director of Policy at the Economic Policy Institute and was formerly chief economist at the US Department of Labor. She said in

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A Perfectly Sustainable World Is Within Our Grasp

15 days ago

Before you read this article, if you haven’t yet, please take our new survey. With national lockdowns easing and creating concerns for a surge in new covid-19 cases, and tens of millions (in the US alone) finding themselves out of work, we’re being asked by the world for an update on how households and businesses are facing the uncertain future.
TAKE THE SURVEY NOW

You can pretty much reduce all of the big problems and predicaments facing the human race down to resources.
The over-indebted global economy? We’ve been living beyond the means of our current resources, stealing prosperity from the future to fund today’s demands and desires.
Society’s addiction to fossil fuel? Nothing will come close in our lifetime to replacing the energy we get from hydrocarbons. And as they deplete

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Market Update: Dollar Collapse Or Pitchforks?

15 days ago

Well, so far the market has shrugged off last Thursday’s violent 6% drop. Though it does seem the momentum of the mania has been substantially tampered down.
Last week’s drop created an “island reversal” that still remains, an encouraging technical sign for the bear camp:

There have now been as many down days since the appearance of the island reversal than in the preceding month. The fact that the market hasn’t been able to rise higher and fill the gap above created by the reversal is a compelling signal that the rally may have finally run out of steam.
The key question now is: Will things consolidate here? Or will all those open gaps left below over the past few months by the face-ripping rally start getting filled via a big coming drop?
As we do each week, we’ve once again asked the

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The Fed May Be Worse Than Covid-19

15 days ago

As we’ve been railing on about for too long now, the Federal Reserve is NOT serving the interests and welfare of the general public.
Instead it serves the top 1%. Or more accurately, the top 0.1% — i.e., the people who actually own the vast majority of financial assets, corporations and real estate.
Right now, the Fed is pouring gasoline on the “wealth gap”; the tremendous divide in social inequity it has largely been responsible for creating. And yet its Chairman, Jerome Powell, flat out refuses to acknowledge this.
The very valid grievances of many dispossessed and disempowered groups can be laid at the feet of the Fed.
Minorities starting at diminished employment prospects? Seniors unable to live off of their life savings in a world of 0% interest rates?
The Fed is either directly or

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Daily Digest 6/19 – Good News Friday: How To Entertain Your Kids This Summer, Why All Americans Should Celebrate Juneteenth

16 days ago

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header “Good News Friday.” We will save and post weekly. Enjoy!
Economy

An original ‘Juneteenth’ order found in the National Archives (tmn)
The order sparked jubilation among African Americans in Texas and resulted in generations of celebration. It rings poignant today, as in recent weeks outpourings of anger against police brutality and racism have filled America’s streets.
It is a modest, two-paragraph entry in the book labeled “Headquarters District of Texas, Galveston … General Orders No. 3.” But it affected the lives of about 250,000 enslaved people.

Juneteenth Should Be a National Holiday:

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Daily Digest 6/18 – HSBC Plans To Cut 35,000 Jobs Worldwide, Pandemic Deepens New York’s Hunger Crisis

17 days ago

Economy

HSBC resumes plan to cut 35,000 jobs worldwide (Sparky1)
Profitability for 2020 was expected to be “materially lower” than 2019 despite the cost cutting, the bank said in April. Loan losses could reach $11bn (£8.8bn) this year, it said. Expected credit losses ballooned by $2.4bn in the first three months of 2020 as the pandemic hit Asia and then Europe.

Americans face new coronavirus challenge: a shortage of coins (Sparky1)
“We are working with the Mint and the Reserve Banks and as the economy reopens we are seeing coins beginning to move around again,” Powell said. He made the remarks in response to a question from Tennessee Congressman John Rose, who said a bank in his district told him it would run out of coins by the end of the week because the Fed was only sending a

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NEW SURVEY: The World Is Listening To Our Input!

17 days ago

Back during the height of the covid-19 pandemic in April, 4,500 PeakProsperity.com readers participated in our survey helping reveal how the virus and its impacts were changing society’s beliefs and behaviors.
And the world listened. Major publications including Johns Hopkins, CBS, NBC, and MSN Money published results from the survey.
Now, the world wants to hear more. With national lockdowns easing and creating concerns for a surge in new cases, and tens of millions (in the US alone) finding themselves out of work, we’re being asked for an update on how households and businesses are facing the uncertain future.
Please share your latest perspective by taking our new survey here.
Note: Chris and I have added several exploratory questions at its end, asking for your input on how we can

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James Howard Kunstler: Living In The Long Emergency

18 days ago

Unsustainable systems, by definition, eventually break down.
That’s been a key warning we at Peak Prosperity have been delivering for over a decade regarding the over-indebted global economy, society’s addiction to depleting fossil fuels, and accelerating ecological destruction.
The coronavirus pandemic has placed such intense and unexpected strain on this unstable house of cards that its odds of toppling sooner have increased substantially. Few people understand this better — from the historic job destruction impacting tens of millions to the social anger starting to boil over — than James Howard Kunstler.
His new book Living In The Long Emergency (which builds on its classic predecessor) not only predicted what’s happening now, but lays out what life in the aftermath will be like and

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