Daily Digest

Daily Digest 6/1 - Inflation Vs. Deflation, The Austerity Agenda, Why Oil Prices Will Continue To Climb

Friday, June 1, 2012, 9:35 AM
  • Robert Prechter And James Turk On Inflation Vs. Deflation
  • Myths And Realities Of Returning To A Gold Standard
  • John Titus' BAILOUT Connects the Dots: Fraud > Crisis >Fraud> Bailouts >Fraud> American Tragedy
  • The Austerity Agenda
  • The End Game
  • Oil Forecast: Why Oil Prices Will Continue To Climb and End The Year Higher
  • Solar Parasol Provides Shade and Clean Electricity

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Economy

Robert Prechter And James Turk On Inflation Vs. Deflation (adam)

Robert Prechter of Elliott Wave International discusses inflation and deflation with GoldMoney's James Turk in this podcast. They also talk about GoldMoney, and the advantages of owning allocated gold stored at secure vaults.

Myths And Realities Of Returning To A Gold Standard (David B.)

The legal-tender laws are usually part of the story, but the story doesn’t hold up. Declaring irredeemable paper dollars to be legal tender merely defines what a creditor may be forced to accept in satisfaction of a debt that is denominated in dollars. Operating under that regime is entirely voluntary; if you don’t like it, you can avoid it by declining to accept anyone’s IOU or other promise denominated in dollars. Despite the legal-tender laws that define what is a (paper) dollar, you are free to buy and sell and enter into contracts without using dollars.

John Titus' BAILOUT Connects the Dots: Fraud > Crisis >Fraud> Bailouts >Fraud> American Tragedy (Jaime)

If you want to know what the rest of America thinks of bailing out privileged bankers who commit massive fraud, BAILOUT: The Dukes of Moral Hazard is a fine place to start. Americans are apparently pissed off about having their tax money used to save reckless and criminal financial sector executives from their own bad behavior.

The Austerity Agenda (VeganD)

The bad metaphor — which you’ve surely heard many times — equates the debt problems of a national economy with the debt problems of an individual family. A family that has run up too much debt, the story goes, must tighten its belt. So if Britain, as a whole, has run up too much debt — which it has, although it’s mostly private rather than public debt — shouldn’t it do the same? What’s wrong with this comparison?

The End Game (Phil H.)

For the first time since the 1930’s we are entering a recession. Before Industrial Production, Durable Goods Orders, Employment and Private Sector GDP have made back their previous highs.

Energy

Oil Forecast: Why Oil Prices Will Continue To Climb and End The Year Higher (David B.)

The American Petroleum Institute (API), a trade organization of more than 500 oil and natural gas companies, didn’t issue price forecasts for crude in its most recent (May 18) report, but noted that increased domestic production, slightly higher crude oil stocks (374.8 million barrels) and lower imports in April should serve to keep prices stable to modestly higher going forward.

API also expressed optimism that rising crude production in North Dakota, which hit 551,000 barrels per day in March, and a possible reversal of President Obama’s rejection of the Keystone Pipeline project could keep price hikes in check for the remainder of the year.

Solar Parasol Provides Shade and Clean Electricity (James B.)

The idea proved very popular at the Milan Design Week where it helped provide the public with a respite from the suns glare, whilst at the same time offering an outlet for people to charge their mobile phones and laptops.

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
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littlefeatfan's picture
littlefeatfan
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More 3E related Links, Resources and Cartoons

at  http://3es.weebly.com/ Masters of War Edition

Tommygun's picture
Tommygun
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Joined: Apr 21 2009
Posts: 65
The End Game

I just finished reading one of the posted articles above called,  THE END GAME. That was a bit un-nerving to read for me only because it triggered a thought/feeling I have been having recently.

In the summer of 2007 I could feel my retail furniture business having erratic sales totals month to month after enjoying a steady rise for years due to the housing boom 

The erratic sales in that summer of 2007 reminded me of a freight train that is trying to start itself from a standstill where  the freight cars move a foot or so and then bang into each other only to stop again. Not enough pull to get the freight cars moving.(lack of demand).

It takes lots of effort to get those train cars moving again. I feel that our economy is lacking the  momentum and sustained  strength to break the dead weight of being at a standstill.

We are ever so slowly slipping again into recession and with it goes demand destruction in certain sectors of the economy.

Let the buyers beware.

Tom

BTW.........anybody been following NIA's stock suggestion SYNC ? Interesting. Pump it up during the week and then relax by the pool starting Friday when the bell sounds..

DustinBrown's picture
DustinBrown
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SailAway's picture
SailAway
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Joined: Aug 11 2010
Posts: 354
NIA

Tommygun wrote:

BTW.........anybody been following NIA's stock suggestion SYNC ? Interesting. Pump it up during the week and then relax by the pool starting Friday when the bell sounds..

Yes this NIA thingy looks more and more like a pump... Got many emails a week with their stock suggestions like SYNC .. -18% today oops

mjscully's picture
mjscully
Status: Member (Offline)
Joined: Jun 24 2010
Posts: 2
NIA

NIA is pump and dump. That's all it is. Stay as far away as possible. Unfortunately, they lure people in by pretending to be sound money advocates.  

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