The End of the World as We Know It

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Nomi’s Note: We’re doing something a little different this week… We’re dedicating Inside Wall Street to the insights of Peter Zeihan. Peter is a geopolitical strategist and New York Times bestseller. His fourth book, The End of the World Is Just the Beginning, hit shelves this summer. And it’s a must-read. I’ve been investigating our world and our markets for more than two decades. And it’s rare to come across an explanation that not only makes sense – but opens your eyes to what’s really going on in our changing world. Peter’s book does just that. And the moment I read it, I knew I had to share it with you. So, to kick off the week, I’m sharing an extract from The End of the World Is Just the Beginning. In it, Peter shows us how we got here – to a world of advanced transport and finance, of ever-present food, and until recently, ever-present energy. And he shows us how this world is now giving way to a new world order. I hope you’ll find it as fascinating as I did… --------------------------------------------------------------- The End of the World as We Know It By Peter Zeihan, Author, The End of the World Is Just the Beginning The past century or so has been a bit of a blitzkrieg of progress. From horse-and-buggy to passenger trains to the family car to everyday air travel. From the abacus to adding machines to desktop calculators to smartphones. From iron to stainless steel to silicon-laced aluminum to touch-sensitive glass. From waiting for wheat to reaching for citrus to being handed chocolate to on-demand guacamole. [Featured: The diversification method is crushing people.]( Our world has gotten cheaper. And certainly better. And most definitely faster. And in recent decades, the paces of change and achievement have accelerated further. We’ve witnessed the release of more than 30 ever-more-sophisticated versions of the iPhone in just 15 years. We’re attempting to shift wholesale to electronic vehicles at 10 times the pace we adopted traditional combustion engines. The laptop I’m tapping this down on has more memory than the combined total of all computers globally in the late 1960s. Not long ago I was able to refinance my home at a rate of 2.5%. (It was stupidly awesome.) It isn’t simply about stuff and speed and money. The human condition has similarly improved. Recommended Link [Would You Accept $100? [An Unusual Proposition… for Simply Reading a Book]]( [image]( If you are fascinated by all the changes taking place in the world today, you probably don’t need any prodding to read about it. But this month, we’re issuing an unusual offer. For a short time, we’re offering readers $100 in Legacy Research credit to pick up a copy of this bestselling book. The $100 is yours to spend on any high-end research service we publish. [Details here.]( -- Consider the past seven decades. As a percent of the population, fewer people have died in fewer wars and fewer occupations and fewer famines and fewer disease outbreaks than since the dawn of recorded history. Historically speaking, we live in an embarrassment of riches and peace. All of these evolutions and more are tightly interwoven. Inseparable. But there is a simple fact that is often overlooked. They are artificial. We have been living in a perfect moment. And it is passing. The world of the past few decades has been the best it will ever be in our lifetime. Instead of cheap and better and faster, we’re rapidly transitioning into a world that’s pricier and worse and slower. Because the world – our world – is breaking apart. Recommended Link [“Shadow CIA” Insider Releases Tell-All Book on the End of the World]( [image]( This is how the world will end. According to best-selling author, Peter Zeihan, massive changes are brewing which could turn the world as we know it – and the financial markets – upside down. His latest prediction is so important… We’ve reached out to him and secured a copy of his latest book for you, at a huge discount. For details on what he’s predicting now – and how to claim your discounted hardback copy… [Click here.]( -- Shifting the Rules of the Game At the end of World War II, the Americans created history’s greatest military alliance to arrest, contain, and beat back the Soviet Union. That we know. What is often forgotten, however, is that this alliance was only half the plan. In order to cement their new coalition, the Americans also fostered an environment of global security… So that any partner could go anywhere, anytime, interface with anyone, in any economic manner, participate in any supply chain and access any material input… All without needing a military escort. This “butter” side of the Americans’ “guns and butter” deal created what we today recognize as free trade. Globalization. [Featured: My exclusive trading method could make all your financial worries go away - Jeff Clark]( Globalization brought development and industrialization to a wide swath of the planet for the first time. It generated the mass consumption societies and the blizzard of trade and the juggernaut of technological progress we all find so familiar. And that reshaped global demographics. Mass development and industrialization extended life spans, while simultaneously encouraging urbanization. For decades, that meant more and more workers and consumers, the people who give economies some serious go. One outcome among many was the fastest economic growth humanity has ever seen. Decades of it. The Americans’ postwar Order triggered a change in condition. By shifting the rules of the game, economics transformed on a global basis. A national basis. A local basis. Every local basis. That change of condition generated the world we know. The world of advanced transport and finance, of ever-present food and energy, of never-ending improvements and mind-bending speed. But all things must pass. We now face a new change in condition. Recommended Link [The One Ticker Retirement Plan]( Over the Shoulder Demo Now Available [image]( Market Wizard Larry Benedict crushed the market in 2022. But he hasn’t done it with a “traditional” method… For a limited time, he’s sharing a free over-the-shoulder “demo” of his strategy in action. It takes less than 10 seconds… [Watch it here.]( -- Giving Way to Disorder Thirty years on from the Cold War’s end, the Americans have gone home. No one else has the military capacity to support global security, and from that, global trade. The American-led Order is giving way to Disorder. Global aging didn’t stop once we reached that perfect moment of growth. Aging continued. It’s still continuing. The global worker and consumer base is aging into mass retirement. In our rush to urbanize, no replacement generation was ever born. Since 1945 the world has been the best it has ever been. The best it will ever be. Which is a poetic way of saying this era, this world – our world – is doomed. The 2020s will see a collapse of consumption and production and investment and trade almost everywhere. Globalization will shatter into pieces. Some regional. Some national. Some smaller. It will be costly. It will make life slower. And above all, worse. No economic system yet imagined can function in the sort of future we face. This devolution will be jarring, to say the least. It’s taken us decades of peace to suss out this world of ours. To think that we will adapt easily or quickly to such titanic unravelings is to showcase more optimism than I’m capable of generating. But that’s not the same as saying I don’t have a few guideposts. Tomorrow, I’ll tell you what those guideposts are. Stay tuned… Regards, Peter Zeihan Author, The End of the World Is Just the Beginning Adapted from The End of the World Is Just the Beginning. Copyright © 2022 by Peter Zeihan with permission from Harper Business, an imprint of HarperCollins Publishers. --------------------------------------------------------------- Nomi’s Note: Nomi here again. If you want to know what happens next in Peter’s story – our world’s story – you’ll want to pick up a copy of Peter’s new book, The End of the World Is Just Beginning. In it, he maps out what everything looks like on the other side of this massive change. Because, as Peter puts it in the book, “the end of the world really is just the beginning.” To order your own copy of Peter’s book today – at a discount over the major retailers – [simply click here](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG In last Wednesday’s mailbag, reader Debra wrote about what she thinks is the real culprit of rising energy costs…[catch up on Nomi’s piece [here]( that started the conversation]… This is what Debra said… The fact of the matter is gas prices were headed higher before Russia and Ukraine started fighting. I worked for an oil company for 15 years and it's that old supply and demand theory at work. Before Biden came into office, we were energy independent, which means we were exporting more than we were importing. Biden and his progressive administration attacked our fossil fuel industry, limiting supply. He stopped the Keystone pipeline. He put heavy regulations on any drilling that could be done on federal lands. We would have been able to provide Europe with some of its oil needs. So I'm not buying the real culprit. Sorry. Biden has carelessly released a lot of strategic oil supply, thinking it would bring down the price, when people demanding less gas has brought down the price because they can't afford to buy it. I realize the world markets affect the price of oil. But our government thinking everybody can afford an electric car is asinine. We have a bunch of pinheads running the government. We followed up with the question: “Do you agree with reader Debra’s assessment of who is really to blame for rising energy costs in the U.S.?” Many readers responded… and started a debate. Debra is correct! China Joe Biden is the worst thing for our and the world economy because he has been bought by China! – Andy S. The fuel market has falling demand and enough inventory to last years. The “Russia factor” is really overdone as a basis for a bull market. – Morgan D. I think it is a combination of things. Biden's policies, the Green New Deal, and weak oil company leadership who have shortsightedly canceled long term projects – these are the culprits. – Ron G. Like reader Debra B., I was in oil and gas for decades… Having started in 1968, I have seen the boom-bust cycle firsthand (more than once). It is true that under the previous administration, the U.S. became an exporter of both oil and gas, something unheard of 10 years earlier. However, the current administration's war on the industry has certainly caused some of the uptick in prices. Other geopolitical events have contributed as well. Nothing about this will change until a clear-headed, rational administration takes over. – Dave W. Regarding Debra's post blaming Biden for everything but the Covid virus… Biden didn't alter our ability to export more oil than we import. He canceled new drilling permits on federally-owned lands, because there were already 400-500 permits that weren't being used. The Keystone pipeline wasn't scheduled to produce a drop of oil until 2025, so it has no impact on any of today's issues. Typical right-wing claptrap. I'll leave it at that. – Rick B. What are your thoughts on this excerpt from Peter Zeihan? Do you agree with his prediction that the 2020s will see a collapse of consumption and production and investment and trade almost everywhere? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: The End of the World as We Know It). IN CASE YOU MISSED IT… [Sell Every Stock, Except ONE (Ticker Revealed)]( We all knew it was coming to an end at some point, right? We’ve been in one of the longest bull markets in history, with the S&P surging well over 800%. But now the chickens have come home to roost. The Nasdaq is down 28%... Dow down 15%... and S&P 500 down 20%. But Jeff Clark couldn’t care less. Because he ignores almost every single stock in the market. 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