Daily Digest

Daily Digest 4/3 - The $15T Party, Silver Manipulation Acknowledged, Japan's 1,000-Year-Old Warning

Tuesday, April 3, 2012, 10:22 AM
  • Cashless: The Coming War on Tax-Evasion and Decentralized Money
  • It's As If Central Banks Can Do No Wrong
  • The 15 Trillion Dollar Party
  • Silver Manipulation Acknowledged - Christian Garcia 
  • Investors Are Looking to Buy Homes by the Thousands
  • How To Beat High Gas Prices At The Pump
  • Iran, Oil Prices And Gambling With The World Economy
  • Japan's 1,000-Year-Old Warning

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

Economy

Cashless: The Coming War on Tax-Evasion and Decentralized Money (adam)

In an interview with Jim Puplava titled “Never Underestimate the Desperation of a Broke(n) Government”, world renowned economist, Martin Armstrong, cites numerous examples of how the U.S. is following a well set historical pattern where, inevitably, the “government is going to be much more aggressive to tax people, chase them down, and put them in prison.”

It's As If Central Banks Can Do No Wrong (David B.)

To the extent that this reversal has been completed, further significant improvements in the unemployment rate will likely require a more-rapid expansion of production and demand from consumers and businesses … a process that can be supported by continued accommodative policies.

The 15 Trillion Dollar Party (June C.)

If the U.S. government tried to go to a balanced budget now, our standard of living would crash and there would be riots in the streets. The American people have been enjoying false prosperity for so long that they have lost any notion of what "normal" actually is.

Think of it this way. If your family makes $40,000 this year and you spend an extra $20,000 on your credit cards, your family would be enjoying a false sense of prosperity.

Silver Manipulation Acknowledged - Christian Garcia (adam)

Silver price manipulation and gold manipulation has been alleged through out this bull market. This premise has been one of many reasons why gold and silver advocates have urged the public to accumulate precious metals.

Investors Are Looking to Buy Homes by the Thousands (jdargis)

With home prices down more than a third from their peak and the market swamped with foreclosures, large investors are salivating at the opportunity to buy perhaps thousands of homes at deep discounts and fill them with tenants. Nobody has ever tried this on such a large scale, and critics worry these new investors could face big challenges managing large portfolios of dispersed rental houses. Typically, landlords tend to be individuals or small firms that own just a handful of homes.

Energy

How To Beat High Gas Prices At The Pump (David B.)

A new study by the U.S. Treasury Department finds that traffic congestion wastes 1.9 billion gallons of gas per year – roughly 5% of the total we use. At current prices, that’s more than $7 billion being flushed down the drain by American motorists nationwide.

The government study – which supports a White House proposal to upgrade the nation’s transportation infrastructure – determined the average American wastes more than 30 hours annually sitting in traffic.

Iran, Oil Prices And Gambling With The World Economy (James S.)

This is a presidential year in the United States, which means most claims made by U.S. political leaders should be weighed in that context. Obama is likely to ride on victories like Osama bin Laden's assassination last year but will face challenges given the state of the economy. The White House, in its assessment, recognized that there were shortages in the global oil market because of tensions in Sudan, Yemen and Nigeria, among others. The president hasn't formally committed to releasing strategic petroleum reserves, however.

Environment

Japan's 1,000-Year-Old Warning (jdargis)

This story might not have captured my attention if it hadn't been for a fortuitous coincidence. The day before, an engineering colleague, Eiichi Taniguchi, had told me that researchers at Tohoku University in Sendai, Japan, had found sediments indicating that a huge tsunami had hit Miyatojima about 1,000 years ago. Intrigued by the possibility of a connection between oral history and geological evidence, I asked the community leader if "a thousand years ago" was a figure of speech or an estimate of time.

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."

13 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2649
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
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Posts: 2372
From the Auguries.

Just to put everything back into focus here is a graph from the Limits to Growth.

Observe the date. Observe too the black line, Deaths.

This obviously does not apply to me and thee.

Thanks to Gail the Actuary.

Nate's picture
Nate
Status: Gold Member (Offline)
Joined: May 6 2009
Posts: 461
Arthur Robey

Arthur Robey wrote:

Births and deaths climbing at the same time?  Not good for us old dudes!

KugsCheese's picture
KugsCheese
Status: Platinum Member (Offline)
Joined: Jan 2 2010
Posts: 660
Beath/Death

A wash.  We need more death per Nature.

KugsCheese's picture
KugsCheese
Status: Platinum Member (Offline)
Joined: Jan 2 2010
Posts: 660
Investors Are Looking to Buy Homes by the Thousands

Will be burned.  House down another 30% at least as there is a massive surplus.  If you live in your property (???) you get "living utility" otherwise sell.

Damnthematrix's picture
Damnthematrix
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Posts: 3998
Nate wrote: Arthur Robey

Nate wrote:

Arthur Robey wrote:

Births and deaths climbing at the same time?  Not good for us old dudes!

NOTICE how the deaths curve rises far more sharply than the births one?  The result is the population curve peaking right where the B/D curves cross, and then falling quite quickly.  I love curves....  they tell a thousand words!

Mike

AinSophAur's picture
AinSophAur
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Posts: 18
Yes, but the most important

Yes, but the most important curve is the blue one - resources!

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
perfect storm

AinSophAur wrote:

Yes, but the most important curve is the blue one - resources!

Actually......  I wouldn't isolate one curve from the whole deal.  The whole deal IS after all Limits to [ALL] Growth....  and even limits to population is a mighty important factor!

Mike

Macs's picture
Macs
Status: Bronze Member (Offline)
Joined: May 27 2011
Posts: 40
Births and deaths...

Births and deaths climbing at the same time?  Not good for us old dudes!

We have a 'sell-by' date anyway. Also consider rising infant mortality, that's where industrialisation most impacts death rates.

The whole picture is scary, but the purple line gives me most shudders - food per capita to drop below pre-industrial levels. Get gardening...

Wendy S. Delmater's picture
Wendy S. Delmater
Status: Diamond Member (Offline)
Joined: Dec 13 2009
Posts: 1515
silver price manipulation

Similar to other commodities, the value of gold and silver is determined by supply and demand, as well as speculation.  The Federal Reserve, The London Bullion Market Association, JP Morgan Chase, and HSBC Holdings have practiced fractional-reserve banking and engaged in naked short selling causing artificial price suppression.

- Office of State Treasurer, South Carolina

RE: http://goldsilver.com/video/silver-manipulation-acknowledged-christian-garcia-goldsilver-com/

The Chris Garcia article makes me glad to be a South Carolinan now.

Bytesmiths's picture
Bytesmiths
Status: Silver Member (Offline)
Joined: Apr 29 2008
Posts: 103
That's Old News...

Have you seen the recent update in the Smithsonian?

It looks like Meadows, Meadows, & Rander (et. al.) were right -- at least in predicting the following 40 years...

Club of Rome was right!

2OLD4OKEYDOKE's picture
2OLD4OKEYDOKE
Status: Bronze Member (Offline)
Joined: Mar 28 2011
Posts: 72
Gold-silver ratio

Great link via Christian Garcia to goldsilver.com

People often think in terms of silver as the kid brother or the shadow of gold. They move together, right? End of story? Look at the gold-silver ratio charts at

goldprice.org/gold-silver-ratio.html

When gold-silver falls below 50, 'THEY' are pushing the limits of the envelope ... and 'THEY'  know it!

Real-world algorithms are empirical; and, they do not change the rule that, over time, the house wins and the gambler is ruined. But the house must carefully watch its systems and the preconditions underlying the systems. Any algorithm requires assumptions and numerical inputs about the real world (initialization and intermittent fine tuning), if the success of the house (and ruin of the players) is to be assured.

2OLD4OKEYDOKE's picture
2OLD4OKEYDOKE
Status: Bronze Member (Offline)
Joined: Mar 28 2011
Posts: 72
Good for South Carolina!

While it is constitutional for any state to make gold but not silver legal tender, bimetallism is more conforming with the Constitution.

"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."  -- U.S. Const., Art. I, Sect. 10

At the level of the States, bimetallism is the way to go!

"I will not help to crucify mankind upon a cross of gold." --- William Jennings Bryan, addressing the Democratic Party Convention, 1896

Bryan was speaking out on behalf of the Free Silver movement and against the very forces in the Democratic Party who were already planning the Federal Reserve system and preparing the way for so-called 'free trade' financial globalism.

Beware the international gold standard!
(You thought fiat was bad, get ready for the new fiat!)

 

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