Daily Digest

Daily Digest 4/28 - Paper Money As Barbarous Relic, My Faith-Based Retirement, Make Candidates Debate The Debt

Saturday, April 28, 2012, 10:56 AM
  • We've Never Left The Recession
  • Paper Money: The Barbarous Relic
  • Make Candidates Debate The Debt
  • Spain Is Still Awaiting the Payoff From Austerity
  • My Faith-Based Retirement
  • A Social Entrepreneur Links Affordable Housing to the Green Economy
  • Ex-Israeli Security Chief Questions Current Leadership
  • Libyan Oil Protests Highlights Broader Problems

Our 'What Should I Do?' guide has steps to cook, see & stay warm in times of power outage

Economy

We've Never Left The Recession (JimQ)

To factually assess the fake recovery reported by the Federal Government, Wall Street and the MSM, you need to check out the data on the BEA website regarding REAL GDP. The average schmuck still doesn’t understand how the government and Federal Reserve are screwing them through the insidious taxation of inflation. I urge you to look at this inflation adjusted data:

Paper Money: The Barbarous Relic (David B.)

For those not familiar with the mechanics of national economies, the gold standard has often been referred to over history as “the Golden Handcuffs”. How did it acquire this intimidating nickname? Because it absolutely limits our governments from any extreme/insane fiscal or monetary policies without the consequences of those policies being immediately known to the general public.

Make Candidates Debate The Debt (Jeff B.)

Instead of allowing the presidential candidates to duck and bob to avoid specifically saying how they would stem the flow of red ink, what if voters insisted that all presidential candidates directly answer the question, "how would you fix the debt?"

Quite simply, candidates should not even apply for the job of running the country if they aren't willing to share the details of their approach for fixing the debt.

Spain Is Still Awaiting the Payoff From Austerity (jdargis)

None of this comes as news to foreign bond investors, the lenders who are supposed to help Spain stay in business. And it is not news to the growing number of economists and analysts who predict Spain might soon need to bail out its banking system, which could force it to seek European aid that might end up far larger than the bailouts of Greece, Portugal and Ireland.

My Faith-Based Retirement (VeganD)

Like millions of other aging baby boomers, I first began putting money into a tax-deferred retirement account a few years after they were legislated into existence in the late 1970s. The great bull market, which began in 1982, was just gearing up. As a young journalist, I couldn’t afford to invest a lot of money, but my account grew as the market rose, and the bull market gave me an inflated sense of my investing skills.

A Social Entrepreneur Links Affordable Housing to the Green Economy (jdargis)

After piloting the program, called Everbuild Pro, inside Boulder’s Habitat chapter for two years, last year Gring and his colleagues spun it into BOULD, an autonomous social enterprise that will partner with Habitat and similar organizations around the country, leveraging interest in learning green building techniques to fund affordable housing developments and his business. In addition to the direct benefits to Habitat, Ging says he’s proud his company is increasing the number of people qualified to build sustainable housing.

Ex-Israeli Security Chief Questions Current Leadership (jdargis)

The comments followed interviews published earlier in the week in which the current chief of the Israeli Defense Force, Lt. Gen. Benny Gantz, appeared to be taking a more moderate approach on Iran than Mr. Netanyahu and Mr. Barak, although aides to all three men insisted later they were on the same page. Mr. Diskin has been widely thought to share the views of Mr. Dagan — who has been harshly attacking the government’s approach in speeches and interviews for nearly a year — but this is the first time he has spoken about it publicly.

Energy

Libyan Oil Protests Highlights Broader Problems (James S.)

Only a few dozen protesters showed up to protest in front of the steps to the Arabian Gulf Oil Co. in the eastern city of Benghazi. But their voices may be part of the pent up frustration among Arab youth angry that, despite regime change, 1.6 million barrels of Libyan crude oil hasn't changed things very much for them. A few hundred miles to the west, major delegates descended on Tripoli for the first oil and natural gas exhibition since Gadhafi's regime collapsed last year. Exhibition organizers note that $100 billion in unfrozen assets mean good things for the country's redevelopment. Attendees will have the chance, organizers say, to learn how the game is played in the new Libya.

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."

3 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Online)
Joined: Feb 4 2010
Posts: 2501
On the Big Picture.

In theEnergy and the Wealth of Nations Dr Charles Hall discusses the central role of energy in economics.

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 377
A Book Review Of ‘The Crash Course’

A Book Review Of ‘The Crash Course’: The Unsustainable Future Of Our Economy, Energy and Environment -  - The first thing to say about The Crash Course is that it is an impressive work of scholarship. It is reminiscent of Guns, Germs and Steel in terms of the scope and breadth of knowledge brought to bear by the author in support of his thesis – which is basically that we’re headed for hard times unlike anything humanity has seen. The second is that it contains a few fundamental flaws. The third is that you should read it anyway. His thesis is more than plausible; his research is meticulous; and no matter how much you think you know about sustainability, you will walk away from The Crash Course wiser, if sadder. Martenson is an intellectual omnivore. From peak oil to finance to economics, he bores deeply into his chosen topics – without being boring. His lens on the future centers on the three E’s: Economics, Energy and Environment, viewed through the remorseless calculus of exponential growth. Let’s look at each in turn, although it is important to understand that for Martenson, it is the confluence of forces between the three that make the future so challenging.

es2's picture
es2
Status: Bronze Member (Offline)
Joined: Dec 31 2010
Posts: 68
Milton Friedman

Posted in the last week, filmed around 1999-2000, these are 20+ minute clips.

THE ECONOMY'S NEW CLOTHES: Milton Friedman on the New Econom

THE HIGH AND THE MIGHTY: The War on Drugs


MILTON'S PARADISE GAINED: Milton Friedman's Advice for the Next President

PRESIDENTIAL REPORT CARD: Milton Friedman on the State of the Union

PAY IT BACKWARDS: The Federal Budget Surplus with Milton Friedman

 

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