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Daily Digest 10/16 – Good News Friday: Canada is Banning Single-Use Plastic Bags

4 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

Community garden provides refugees with support and comfort through pandemic
A community garden in Seattle, Washington is providing a place for immigrants and refugees to come together and find community while growing food from their home countries.
Once a neglected parking lot, the garden, known as Paradise Parking Plots, is now a place for people to gather and tend to their plants.

Thousands Arrive in Hawaii on First Day Pre-Travel Testing
HONOLULU (AP) — About 8,000 people landed in Hawaii on the first day of a pre-travel

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The Illusion Is Failing

4 days ago

Sometimes the magic fails.
The secret to the trick is accidentally revealed. The woman was always in the box.  The eye is no longer deceived. And there’s no getting the audience’s sense of awe back.
Just like a bungled illusion, once trust is broken, it’s gone.
For many during 2020, the loss of their jobs and businesses — in many cases due to incompetent government management of the pandemic — has been both a blessing and a curse.
Of course nobody likes being laid off or losing a business they’d carefully built up over the years.
But for a significant number of those people, however, they’ve now been given time (against their will, admittedly) to reflect and realize how much they hated their work in the first place.  For them, the illusion has been broken.
They won’t go back to pretending

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Building A Better Plan

4 days ago

Whether incompetent or malicious, our leaders are failing us
The “Great Reset”: the plan the Davos crowd has for us
The need for a plan of our own
What the wisdom of past regenerative cultures has to teach us
If you have not yet read Part 1: The Illusion Is Failing, available free to all readers, please click here to read it first.
Increasingly it’s difficult to see what the plans of the various world authorities might be.  It’s either one based on staggering incompetence (always possible), or it’s a far darker plan — but neither will have our best interests at heart.
And from my view, it’s increasingly difficult to assign the whole mess to simple incompetence.
There’s a plan afoot to create fear, uncertainty and doubt .
Why does this plan exist?  Can we explain it?  Certainly not on

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The Coming Financial Crisis of 2021

5 days ago

Economist Steve Keen predicts that even if the covid-19 health crisis subsides next year, a brewing financial crisis on par with the 2008 Great Recession is in the making.
He sees the pandemic as having delivered an “unprecedented shock” to the global economy, and the response from authorities as nothing less than a “catastrophe”.
With tens of millions of households having lost their income this year, personal savings becoming exhausted, government support programs on their way to drying up, and lots more company layoffs/bankruptcies/closures ahead — Steve expects a punishing recession to arrive in full force in 2021.
And on a larger scale, he sees modern neoclassical economics — which ignores the importance of natural resources and the health of our ecosystems — as completely unsuited

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Censorship is out of control!

5 days ago

The social atmosphere in the US is increasing bitter and divided.  Tempers are fraying, and many are wondering what to do.
Social media – which I am increasingly going to be calling anti-social media for a host of reasons – is a major cause of those divisions.
Rightfully, social media has concluded that its own platforms are contributing.  Wrongfully, they’ve decided the issue rests with bad or wrong ideas that they are now in the process of scrubbing from their platforms.
One thing has led to another and now they are forcefully deciding what’s good medicine which, predictably, is always in alignment with pharmaceutical companies and their profit motives.
They are deciding which investigative articles can be shown and which are ‘wrong.’  This week Twitter even went so far as to prevent a

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The Price Of A Good Idea

11 days ago

Before I make my point, this is a reminder to register now for Peak Prosperity’s upcoming Oct 24-25 digital seminar if you haven’t already.
There are only a few days left to save up to 32% before the ‘Last Chance To Save’ price discount expires next week.

Now.. to my point: What is the price of a good idea?
I first heard this question posed back in business school when being encouraged to read voraciously and to seek the counsel of experienced mentors.
Think back on some of the most useful lessons learned over the course of your life. Maybe it was an insight into how to invest smarter. Or how to leverage a key ability of yours better at work. Or a technique for improving your relationships with the important people in your life. Or how to be more effective at managing your valuable

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Daily Digest 10/8 – How Uber and Lyft Are Buying Labor Laws, The “3rd Worlding” of America

13 days ago

Economy

Pence, Harris spar over COVID-19 in vice presidential debate (tmn)
Republicans desperately want to cast the race as a choice between two candidates fighting to move the country in vastly different directions. Biden and Harris, they say, would pursue a far-left agenda bordering on socialism; the Democrats say Trump’s administration will stoke racial and other divides, torpedo health care for people who aren’t wealthy and otherwise undercut national strength.

How Uber and Lyft Are Buying Labor Laws (tmn)
In place of state labor laws, Prop 22 “guarantees” certain benefits, including completely undefined “assistance” with health care premiums and disability coverage for those injured on the job. To understand how inessential these benefits are, look only to the “minimum earnings”

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Daily Digest 10/7 – Trump Stimulus Strategy Unclear, D.C. Reports Highest Coronavirus Caseload In Months

14 days ago

Economy

Stocks fall after Trump tweets he’ll delay stimulus talks; move follows Fed’s Powell urging Congress to approve a robust plan (Heather R.)
In a mid-afternoon tweet, Trump said the White House has made a “very generous offer” of a $1.6 trillion relief package while Speaker Nancy Pelosi is seeking $2.4 trillion. Trump charged that Pelosi “is not negotiating in good faith.”

“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump tweeted.

Trump’s erratic tweets on economic relief — over several hours — leave strategy unclear (tmn)
At 9:54 p.m., he called on the House and Senate to “IMMEDIATELY” approve $25 billion in new aid

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Daily Digest 10/6 – Nine Days In Wuhan, CA Fire Season Shatters Record With 4 Million Acres Burned

15 days ago

Economy

Goldman’s chief economist breaks down why a Biden-led blue wave would prompt an upgrade in growth forecasts (Adam)
Assuming the Fed leaves rates unchanged until the economy reaches full employment and inflation is just above 2%, “we estimate the net effect of the [Biden] package would be a frontloaded increase” to economic output, “as well as a more backloaded boost to core PCE inflation,” Goldman explained.
Still, a blue wave would indeed have “mixed implications” for US stocks, as Biden is advocating for a 7-percentage-point increase in the corporate income tax rate, to 28% from 21%, Goldman said.

Some gold with your gas and groceries? Costco enters the gold bullion market (Adam)
“The [Costco] mark-ups are going to reflect the fact that they are going through another dealer

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Off The Cuff: Re-Localization Is The Future

15 days ago

In this week’s Off The Cuff podcast, Chris and James Howard Kunstler discuss:
The sorry state of the US political system
From Covid to Epstein: can our “leaders” bungle even worse?
Why Re-localization is the answer, whether we want it or not
Why we’re never returning to “normal” as we knew it
Jim Kunstler returns to the program to report the latest view through is “Long Emergency” lens.
It’s a little scary: many of the trends he’s long been predicting have been suddenly accelerated by the events of 2020. Particularly his warnings that our urban & suburban lifestyle of mega-marts, McMansions and food deserts were going to start failing us, resulting in flight to rural areas.
As Jim explains here, re-localization of our economy and social networks is going to be the way of the future —

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Daily Digest 10/5 – ‘No Place to Hide Anymore’ When the Stock Market Plunges, Adaptation Radicale and Collapsology

16 days ago

Economy

There’s No Place to Hide Anymore When the Stock Market Plunges (Adam)
Within the S&P 500, cheap or “value” stocks outperformed, although they still lost money. But while Big Tech-dominated growth stocks lost out among large companies, among small companies growth beat value. Sector performance followed no discernible pattern either. And stocks that normally rise and fall faster or slower than the market, known in market jargon as high or low beta, didn’t behave predictably.

Now the froth has been blown off the big disruptive growth stocks, we can hope that the normal market relationships will reassert themselves. But the biggest hedge against losses, Treasurys, probably won’t be back as a useful tool for years, if ever.

The Daily 202: A dozen questions to gauge the political

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Daily Digest 10/3 – Futures And Global Markets Rattled After Trump Positive Test, Covid-19’s Stunningly Unequal Death Toll

18 days ago

Economy

Trump Tests Positive for Covid-19, and the World Shudders (tmn)
Expressions of concern and good wishes for Mr. Trump’s speedy recovery — as well as that of the first lady, Melania Trump, who was also infected — poured in from leaders in Russia, India, Britain and other countries.
“My best wishes to President Trump and the First Lady,” Mr. Johnson said on Twitter, making no mention of his own bout with Covid-19. “Hope they both have a speedy recovery from coronavirus.”

US futures and global markets rattled after Trump tests positive for coronavirus (Heather R.)
Before Trump announced his diagnosis, CNN medical analyst Dr. Jonathan Reiner said that Hicks’ positive test should be enough to push Trump and his West Wing staffers into quarantine.
“They should all be out of

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The Approaching Frenzy Of Tipping Points

18 days ago

The approaching frenzy of tipping points
Why collapse is already in progress
Choosing emergence-y over emergency
My personal plan
If you have not yet read Part 1: Welcome To Easter Island, available free to all readers, please click here to read it first.
A tipping point is a critical moment in time when the old gives way to the new — suddenly and irreversibly.
This is where we are – when the old is breaking down, in an uncomfortable interregnum, to be followed by something completely new that is simply waiting to be brought to light.
Seen this way, this is an exciting time to be alive. At least that’s the way I see it.
So what’s coming next? And what steps should we be taking today to meet it?
In my opinion, the most important action to take now is…

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Why is this full

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Welcome To Easter Island

18 days ago

Remember Easter Island? That place in the pages of National Geographic with the gigantic carved heads peeking up from grassy slopes?
Whether you recall it or not, you live there — in a manner of speaking.
Easter Island was colonized by the Rapanui, a particularly adept seafaring culture.  When they arrived, around the year 800 A.D., the island was a lush forested tropical paradise.
But eventually, according to researcher Jared Diamond in his bestseller Collapse: How Societies Choose to Fail or Succeed, they committed ecocide.
They cut down every single tree on their island. Eventually the people had no wood to burn in their cookfires. They had to resort to burning grass, a particularly inferior fuel source.
But before arriving at that sad state, the Rapanui cut numerous huge stone

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James Grant: Why Market Risk Is Near The Highest In History

19 days ago

Famed market analyst and historian James Grant is no fan of the current policies of the US Federal Reserve:

Distortion in the cost of credit is the not-so-remote cause of the raging fires at which the Federal Reserve continues to train its gushing liquidity hoses. But the firemen are also the arsonists. It was the Fed’s suppression of borrowing costs, and its predictable willingness to cut short Wall Street’s occasional selling squalls, that compromised the U.S. economy’s financial integrity.

At age 74, having lived through a number of economic booms and busts as well as having authored numerous books on the history of financial markets, Jim sees the degree of speculation, overvaluation and malinvestment in today’s markets as about as bad as it’s ever been.
He lays much of the blame at

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Daily Digest 10/2 – Good News Friday: Overlooked Variable Is Key to Pandemic, A Smarter Fall Cleanup

19 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

Laughter May Be Effective Medicine for These Trying Times (jdargis)
Laughter releases nitric oxide, a chemical that relaxes blood vessels, reduces blood pressure and decreases clotting, Dr. Miller said. An epidemiological study of older men and women in Japan confirmed that those who tend to laugh more have a lower risk of major cardiovascular illness. Possessing a healthy sense of humor is also associated with living longer, an epidemiological study from Norway reported, although the correlation appears to be stronger for women

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Daily Digest 10/1 – The Countries With the Most Military Spending, What’s Ahead After End Of Early Stimulus

20 days ago

Economy

Our Finite World: Reaching the End of Early Stimulus – What’s Ahead? (CleanEnergyFan)
Another part of the world economy doing poorly is clothing sales. For example, many fewer people are attending concerts, weddings, funerals, out-of-town business meetings and conventions, leading to a need for fewer “dressy” clothes. Also, with air travel greatly reduced, people don’t need new clothing for visiting places with different climates, either. Most clothing is bought by people from rich countries but made by people in poor countries. This cutback in clothing purchases disproportionately affects people who are already very poor. The loss of jobs in these countries may lead to an inability to afford food, for those who are laid off.

Disney is laying off 28,000 employees as pandemic

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Daily Digest 9/30 – The Trouble With America’s Water, How A Secret Catholic Society Took Over SCOTUS

21 days ago

Economy

The Election Has Already Been Hijacked & The Winner Decided: ‘We, The People’ Lose (CleanEnergyFan)
Most of all, voters want to buy into the fantasy that when they elect a president, they’re getting someone who truly represents the citizenry rather than the Deep State (in fact, in the oligarchy that is the American police state, an elite group of wealthy donors is calling the shots in cooperation with a political elite).

The sad truth is that it doesn’t matter who wins the White House, because they all work for the same boss: Corporate America. Understanding this, many corporations hedge their bets on who will win the White House by splitting their donations between Democratic and Republican candidates.

Brooklyn Voters Receive Absentee Ballot Envelopes With Wrong Voter Names

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Fauci Places Politics Over Science (and your health)

21 days ago

If you care about your health, and the role of science in shaping policy, this video is for you.
First, let me re-re-state that I am *not* political. At all.
This video is in support of science and is neither in support of or against any politician, bureaucrat, or political party. That said, Anthony Fauci’s recent Senate testimony was a hot mess of anti-scientific statements and (willful? Ignorant?) overlooking of known science.
While showing how he was deficient in his statements I present the science that supports views directly opposite to his testimony. Herd immunity is discussed. T-cell cross-reactivity, and how the NIAID/NIH/CDC/FDA are *still* not recommending that everyone take Vitamin D. It’s truly a shameful moment for medicine and science. It’s the triumph of ego, politics

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Daily Digest 9/29 – 2020 Temps Tie For Record Hottest, Are Our Rituals Of “Prosperity” Increasingly Meaningless?

22 days ago

Economy

IRS may put cryptocurrency question at the top of 1040 to catch cheaters (tmn)
Ed Zollars, a CPA with Kaplan Financial Education, told The Wall Street Journal that this strategy helped the IRS crack down on the use of offshore bank accounts a decade ago. Adding an explicit question about offshore bank accounts to tax forms increased compliance with reporting rules and has added billions of dollars to the federal treasury.

Eighteen Million Meals: A Look Inside New York City’s Emergency Food Aid Stockpile (Eddie Jay)
On Monday, as part of a revised mission away from an emergency stockpile, those 3,600 cases are scheduled to be delivered to three sites of the Masbia soup kitchen network in Brooklyn and Queens — the first time items are being distributed to New Yorkers under the

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EARLY BIRD Discount Expires Tomorrow!

22 days ago

This is a reminder to register now for Peak Prosperity’s upcoming Oct 24-25 digital seminar if you haven’t already.
There are only a few days left to save up to 39% before the Early Bird Price discount expires.

And I’m also happy to report that the list of expert speakers for the event just keeps getting better and better.
For example, we’ve just confirmed Grant Williams as a presenter. Those familiar with Grant recognize him as one of the best minds and communicators in the business — we’re thrilled he was able to make time for this.
The seminar itself is shaping up to be seriously amazing.
We’ve created a 2-day event offering dozens of presentations and live Q&A sessions with the smartest thinkers we know on how to protect your money, your home, your health and your community in the

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Daily Digest 9/26 – Bezos Breaks His Climate Pledge, How the Pandemic Will Finally End

25 days ago

Economy

How Do You Know If You’re Living Through the Death of an Empire? (Merle2)
I spent the better part of a decade thinking about the end of the Roman Empire in its various manifestations. Academics, being academics, agree on very little about the topic. The idea of “fall” is now passé, for better and for worse; scholars prefer to speak of a “transformation” of the Roman world taking place over centuries, or better still, a long, culturally distinct, and important-in-its-own-right Late Antiquity spanning the Mediterranean world and beyond. If the Roman Empire did ever come to a real end, all agree, it was a long, slow process spanning many lifetimes—hardly the stuff of dramatic narratives. There are still a few catastrophists out there, but not many.

SEC Raises Bar for Shareholder

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EARLY BIRD Discount Expires On Sep 30th!

26 days ago

This is a reminder to register now for Peak Prosperity’s upcoming Oct 24-25 digital seminar if you haven’t already.
There are only a few days left to save up to 39% before the Early Bird Price discount expires.

And I’m also happy to report that the list of expert speakers for the event just keeps getting better and better.
For example, we’ve just confirmed Grant Williams as a presenter. Those familiar with Grant recognize him as one of the best minds and communicators in the business — we’re thrilled he was able to make time for this.
The seminar itself is shaping up to be seriously amazing.
We’ve created a 2-day event offering dozens of presentations and live Q&A sessions with the smartest thinkers we know on how to protect your money, your home, your health and your community in the

Read More »

1971: The Year That Changed Everything

26 days ago

The year 1971 saw the trajectories of nearly every major trend relative to our way of life shift massively.
That year is such a noticeable inflection point in so many data sets, that an intriguing website WTFHappenedIn1971.com has been created to drive the point home.
The website is a parade of data series visually showing how the world changed that year.
Be it income…

…the cost of living…

….political polarization…

… the divorce rate…

…and a kitchen sink’s worth of other statistics — from the national debt to deficit spending, childhood obesity, the incarceration rate, energy use per capita — pretty much all aspects of life as we know it changed materially and permanently in the early 1970s.
This week’s guest experts, Ben Prentice and Collin, founders of WTFHappenedIn1971.com, explain

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Daily Digest 9/25 – Good News Friday: How ‘Friluftsliv’ Could Help Us This Winter, Vaccine Advances Spark Optimism

26 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

Judge says 2020 census must continue for another month (TS)
U.S. District Judge Lucy Koh in California made her ruling late Thursday, two days after hearing arguments from attorneys for the Census Bureau, and attorneys for civil rights groups and local governments that had sued the statistical agency in an effort to halt the 2020 census from stopping at the end of the month.

Johnson & Johnson’s Vaccine Advances, Sparking Optimism in Race (tmn)
Facing criticism over secrecy, several companies — including Johnson & Johnson on

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Daily Digest 9/24 – How Int’l Banks Pushed Venezuela To The Brink Of Bankruptcy, J&J Coronavirus Vaccine To Begin Phase 3 Trials

27 days ago

Economy

How International Banks Pushed Venezuela To The Brink Of Bankruptcy (Michael S.)
A new cache of secret bank reports obtained by BuzzFeed News and shared with ICIJ documents these financial transgressions in excruciating detail. Known as the FinCEN Files, this leak “shows how boligarchs moved vast sums of dollars in public money out of Venezuela, including money intended for housing and other basic services, even as the country’s economy was collapsing” and “includes more than 2,100 suspicious activity reports filed by banks to a U.S. Treasury Department agency known as the Financial Crimes Enforcement Network.”

Ex-Louisville police Officer Brett Hankison charged with wanton endangerment in Breonna Taylor case (TS)
Cosgrove fired the shot that killed Taylor, according to

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Charles Hugh Smith: What Would A Better System Look Like?

29 days ago

Writer, philosopher and long-time contributor to PeakProsperity.com, Charles Hugh Smith, returns to the podcast to explain the new socio-economic model he has just introduced to the world through his new book A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet.
The main mission behind Peak Prosperity is to focus on new, more regenerative and sustainable models that will better serve humanity than the old models which are currently falling apart. Charles posits a new way of living that is a) achievable with existing resources and technology, and b) much more equitable and resistant to abuse.
We very much need new alternatives like this at this time. Because, once the system breaks in earnest, our ‘leaders’ will be desperate — and as Jared Diamond wisely observed “Nations in

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Daily Digest 9/21 – The Psychology of Inequality and Political Division, COVID-19’s Long Shadow

September 21, 2020

Economy

Here’s How The Supreme Court Will Function With Eight Justices Leading Up To The Election (tmn)
The Supreme Court has already acted on several stay requests related to how states handle voting during the pandemic. As the Washington Post reported in late July, the court’s more conservative justices so far have largely joined together to rule in favor of state limits on mail-in voting and other in-person election activities. Ginsburg, along with some members of the court’s liberal arm, voted in favor of leaving in place court orders that allowed more flexible election practices.

Buzzfeed: The Fincen Files (Adam)
Money laundering is a crime that makes other crimes possible. It can accelerate economic inequality, drain public funds, undermine democracy, and destabilize nations —

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Daily Digest 9/19 – What BP Got Wrong About Global Oil Demand, How Long Does COVID Immunity Last?

September 19, 2020

Economy

US billionaires’ wealth grew by $845 billion during the first six months of the pandemic (Adam)
Chuck Collins, director of the Institute for Policy Studies’ Program on Inequality, said: “The difference is stark between profits for billionaires and the widespread economic misery in our nation. Clearly, the priorities of our elected officials in Washington, DC are completely upside down.”

Ranked: The World’s Richest Families in 2020 (000)
This graphic, using data from Bloomberg, ranks the 25 most wealthy families in the world. The data excludes first-generation wealth and wealth controlled by a single heir, which is why you don’t see Jeff Bezos or Bill Gates on the list. Families whose source of wealth is too diffused or opaque to be valued are also excluded.

Intergenerational

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My Personal Formula For Success

September 19, 2020

Hard Work
Persistence
Luck
Systems Thinking
If you have not yet read Part 1: Collapse Is A Process, Not An Event, available free to all readers, please click here to read it first.
Because I think in systems, I tend to fashion my projects in ways that they feed off of and interact with each other.
As well, my systems view informs my sense of how things are going to turn out in the future which defines what I consider to be useful projects to pursue.
I have a formula for success.  It works really well for me and I want to share it with you.
Fair warning: not everyone is going to like it.
Ready?  Here it is…

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Why is this full report restricted to Peak Prosperity’s premium subscribers? Two main reasons:
One — we reserve our best analysis and most directive guidance for the

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