Daily Digest

Daily Digest 12/16 - Expect The Unexpected, We Have Crossed The Rubicon, The Upside Of Down

Friday, December 16, 2011, 11:49 AM
  • The Future: Expect The Unexpected
  • Iraq: An Army of Soldiers to be Replaced by an Army of Businessmen
  • China’s Leadership Transition: Social Stability May Require a Stronger Renminbi
  • The Poor Man’s Guide To Survival Gear
  • We Have Crossed The Rubicon
  • The Upside Of Down
  • "Let's Talk Markets" With Mike Krieger
  • Gold’s Recent Drop Is A Buying Opportunity; We’ll Still See $2,000+ An Ounce In 2012
  • Like Lazarus, Republicans Attempt to Revive Moribund Keystone XL Pipeline
  • Giant plumes of methane bubbling to surface of Arctic Ocean
  • Meet The Future Of Farming

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Economy

The Future: Expect The Unexpected (jdargis)

It is quite depressing to read assessments of the world economy, and the German economy especially, from the early months of 1931. Germany fell into recession a bit earlier than the rest of the Atlantic economies, as inward capital flows reversed, mostly due to investors sending money to America to bet on soaring stocks. By 1931, however, there were some signs of a levelling off of the economy's decline, and we noted in the issue of January 10th that, "It is not apparent yet whether the lowest point has already been reached, but it seems more likely that the decline will come to an end during 1931 at the latest."

Iraq: An Army of Soldiers to be Replaced by an Army of Businessmen (James S.)

For the first few months of 2011, as the war was slowing down and the forces were leaving the country in greater numbers, total foreign direct investment in Iraq reached $70 billion. The United States represented 11.6% with $8 billion of investment, up from nearly $2 billion in 2010. However Milaki has stated that “he is not satisfied with the number of US corporations in Iraq. All sectors of the economy are there, open for business, for American business."

China’s Leadership Transition: Social Stability May Require a Stronger Renminbi (Joe P., registration required for download)

In 2012, China is poised to undergo a significant change in the official leadership structure of its country. Given that China maintains centralized government control over much of the country, even a marginal change in leadership composition may have deep and far reaching implications for the economy and investors globally. This report is aimed at analyzing the key implications from a global investor’s standpoint...

The Poor Man’s Guide To Survival Gear (June C.)

A friend of mine took note recently that a large portion of activists involved in the Liberty Movement had hit extremely hard times, or had been struggling financially even before the general economic collapse began to take hold. He asked me my theory on why it was that so many of us are always so broke. I could only relate that it is almost always the working class poor in any society that first sees the effects of a corrupt government and a faulty economic system. Those who legitimately hold to the principles of self sustainment, and fair play, are usually the first to be stabbed in the back by the establishment, and so, they are the first to become politically active against it. That is to say, sometimes we have to lose almost everything before we are able to see the bigger picture.

We Have Crossed The Rubicon (June C.)

The National Defense Authorization Act will make it official. It will confer upon the executive branch and the military (increasingly, the same things) the permanent authority to snatch and grab any person, U.S. citizens included, whom it decrees to be a “terrorist” – as defined or not by the executive or the military - and imprison them, indefinitely, without formal charge, presentation of evidence or judicial proceeding of any kind. These “detainees” will have neither civilian rights in the civil court system, nor – crucially – even the minimal rights to due process and decent treatment conferred upon prisoners of war. (And we are allegedly “at war,” are we not?)

The Upside Of Down (ScubaRoo)

In The Upside of Down, political scientist and award-winning author Thomas Homer-Dixon argues that converging stresses could cause a catastrophic breakdown of national and global order — a social earthquake that could hurt billions of people. But he shows that this outcome isn't inevitable; there's much we can do to prevent it. And after setting out a general theory of the growth, breakdown, and renewal of societies, he shows that less severe types of breakdown could open up extraordinary opportunities for creative, bold reform of our societies.

"Let's Talk Markets" With Mike Krieger (June C.)

Chaos is not dangerous until it starts to look orderly.

- Max Gunther

Gold’s Recent Drop Is A Buying Opportunity; We’ll Still See $2,000+ An Ounce In 2012 (David B.)

“This is something I saw coming,” said Krauth. “Back in late August, as gold was pushing $1,900, I told my subscribers it was due to pull back, and likely to trade in a range between $1,600 and $1,800, and that’s exactly what we’ve seen so far. We could see a bit more weakness, but I think we’re much closer to a bottom at this point.”

Here’s why.

Energy

Like Lazarus, Republicans Attempt to Revive Moribund Keystone XL Pipeline (James S.)

The “dirty” secret about the Keystone XL pipeline’s oil sands hydrocarbons, which no amount of K Street PR can spin away, is that the oil has a higher carbon content than that from traditional fossil fuels, anywhere from 8 to 14 percent more, depending on which scientific report you read. Accordingly, the EU has already banned their import, much to Ottawa’s annoyance. Much to the consternation of Transcanada and the pipeline’s Republican boosters in Washington, environmental groups in such stalwart Republican states as Nebraska went up in arms over the Keystone XL proposal, fearing that a leak from the underground pipeline would irrevocably pollute the Ogalla Aquifer, source of much of the Great Plains' agricultural water.

Environment

Giant plumes of methane bubbling to surface of Arctic Ocean (Jason F.)

Russian scientists have discovered hundreds of plumes of methane gas, some 1,000 meters in diameter, bubbling to the surface of the Arctic Ocean. Scientists are concerned that as the Arctic Shelf recedes, the unprecedented levels of gas released could greatly accelerate global climate change.

Meet The Future Of Farming (jdargis)

Why did you become a farmer?:

“I needed to provide for my family and took a job with Belle Meade as a farm hand, and then discovered a passion for farming and the life style it provides for my family.”

Article suggestions for the Daily Digest can be sent to dd@PeakProsperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

10 Comments

saxplayer00o1's picture
saxplayer00o1
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Spain regional debt up 22 percent to $176 billion

"Debt levels for Spain's cash-strapped 17 semiautonomous regions have soared 22 percent over the past year, the country's central bank said Friday.
Bank of Spain quarterly figures showed regional debt rose to €135.2 billion ($176.02 billion) in September from €110.72 billion in the same month last year.
A near two-year recession after a real estate bubble collapse has left Spain with swollen regional and national deficits, a stalled economy and 21.5 percent unemployment.
The bank says Spain's national debt rose nearly 15 percent on the year to €706.34 billion ($919.6 billion) in the third quarter, representing 66 percent of GDP."

....................1A) Spain Unpaid Bills May Haunt Rajoy as States Crave Liquidity

Other headlines:

  1. Bundesbank: euro zone IMF plan raises German risk
  2. Cash-Strapped Banks Struggle to Trade Trashed Bonds: Euro Credit
  3. BofA, Goldman, Barclays Have Fitch Ratings Cut
  4. Moody’s warns Ontario its credit rating is at risk
  5. New York May Face Larger Budget Gaps as Wall Street Slows, DiNapoli Says
  6. U.S. Municipalities to Borrow $340 Billion Next Year, Mauro Says
  7. Europe's Troubled Banks Face A Growing Squeeze
  8. Insight: Hardly "Incredible India"
  9. European Banks Insure $25 Billion of Government Debt via Swaps
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Poet
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What Peak Oil Looks Like

Once again, a sobering and thoughtful essay from John Michael Greer, naturalist, archdruid, and one of the deep thinkers of the Peak Oil movement.

What Peak Oil Looks Like (December 7, 2011)
"If the industrial economy, as I’ve suggested, was basically an arbitrage scheme profiting off the difference in cost between energy from fossil fuels and energy from human laborers, the rising cost of fossil fuels and other inputs needed to run an industrial economy will sooner or later collide with the declining cost of labor in an impoverished and overcrowded society. As we get closer to that point, it seems to me that we may begin to see the entire industrial project unravel, as the profits needed to make industrialism make sense dry up. If that’s the unspoken subtext behind the widening spiral of economic dysfunction that seems to be gripping so much of the industrial world today, then what we’ve seen so far of what peak oil looks like may be a prologue to a series of wrenching economic transformations that will leave few lives untouched."
http://thearchdruidreport.blogspot.com/2011/12/what-peak-oil-looks-like....

Poet

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Poet
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8 Stories Buried By Corporate Media That You Need to Know About

Some of these may not be your cup of tea or may not be of priority or significance to you.

But others should be of concern.

8 Stories Buried By The Corporate Media That You Need to Know About (December 15, 2011)
"As 2011 comes to a close, we will see lists of the year’s most memorable events and most important people, as is the pattern every year. But not all stories are created equal. When the corporate media bury significant developments in the back pages of the paper or the second to last paragraph of an article, it’s easy for stories to go unnoticed."
http://www.alternet.org/story/153455/8_stories_buried_by_the_corporate_media_that_you_need_to_know_about?page=entire

Poet

Arthur Robey's picture
Arthur Robey
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Posts: 2502
An expression of gratitude.

The article about the methane vents in the arctic is big.

The mind numblngly stupid denial in the comments astounded me. But on reflection I am grateful. They are about to make the ultimate sacrifice.

I acknowledge their contribution to evolution.

To paraphrase Professor James Lovelock : "By the end of the century there should be a few breeding pairs in the high arctic." He was responding to protests to his previous prognosis of certain extinction.

Has anyone studied the evolution of Venus? Are you aware that the sun has heated up 20% in the 4.5 billion years of earths existance due to it's own greenhouse gas, helium? And that the planet has responded by drawing down it's carbon dioxide to maintain it's temperature? This trick no longer works as there is no more CO2 left. The C4 plants have evolved to scrub the last CO2 out of the atmosphere.

The Revenge of Gaia is a good read.

But what does he know? He is only a Professor.

Arthur Robey's picture
Arthur Robey
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The Vulcan Project

Here is a good model of CO2 production in the US done by Perdu University.

http://www.youtube.com/watch?feature=player_detailpage&v=eJpj8UUMTaI

Arthur Robey's picture
Arthur Robey
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On the MF Global bankruptsy case.

In a white paper, Koutoulas and Roe write that their greatest fear is that the MF Global bankruptcy will be botched so badly that “it will be the end of the United States as a viable jurisdiction for commodity trading. Congress should use whatever power it has to prevent this from happening.”

From Leah McGrath Goodman's site.

Northernlights's picture
Northernlights
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Arthur Robey's picture
Arthur Robey
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Posts: 2502
Awarded backpack for the homeless,

Don't laugh too soon.

http://www.youtube.com/watch?feature=player_detailpage&v=QWSHKvAVeFM

This backpac was designed for the homeless. Not for resale.

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jrf29
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Swags for the homeless

That piece of equipment looks like a great idea.  Very clever!

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Poet
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Oxygen Levels

Medbird

I don't know where you pulled the 40% oxygen statistic from. It's always been about 21% - at least for the last tens of millions of years.

During the Carboniferous period about 300 million year ago, oxygen levels of 35% allowed for giant insects and amphibians.

Please Note: Religion is not mocked nor proselytized nor discussed here. It is one of the rules. Please abide by it.

Poet

medbird wrote:

If o2 was 42% 200 years ago and is now like 21% I think a grade three student is smart enuf to say : get your affairs in order and play nice with the time we have remaining.

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