Daily Digest 9/10 - The Truth About Coal Supplies, Population - The Elephant in the Room, Time to Start Hoarding Coffee Beans?
- Is It Time to Start Hoarding Coffee Beans?
- The True Cost of the Bank Bailout
- Jobless Thursday - America's Infrastructure Crisis
- IMF Resumes Direct Gold Dumping, Sells 10 Tons of the Shiny Metal to Bangladesh
- Recovery Fades in the UK; UK Trade Deficit Hits Record
- Mining the Truth on Coal Supplies
- Peak Oil, Carrying Capacity and Overshoot: Population, the Elephant in the Room - Revisited
Is It Time to Start Hoarding Coffee Beans? (pinecarr)
Perhaps you shouldn't read this until you've had your first cup, but wholesale coffee prices have skyrocketed on fears that global supply will fall short of demand.
In plain English: There's a worldwide coffee shortage. No kidding.
Prices for arabica beans—the kind used in a decent cup of roast coffee—have jumped by more than a third in the past few months to multiyear highs.
We all know about TARP, the Troubled Asset Relief Program, where $700 billion dollars went to bail out the banks in 2008. That money was scrutinized by congress and the media, but it turns out that that $700 billion was just part of a much larger pool of money that has gone to propping up our nation's financial system, and most of that taxpayer money hasn't had much public scrutiny at all.
According to a team at Bloomberg News, at one point last year, the US had lent, spent or guaranteed as much as 12.8 trillion dollars to rescue the economy. That's trillion, with a T.
What a disaster!
Not only are our students failing to keep up with the rest of the World but America is close to getting a failing grade in Infrastructure. That’s right, what was once the World’s mightiest and proudest economy, this once great nation of builders has been given an overall grade of D in the American Society of Civil Engineers report on our Infrastructure.
It has been a while since the IMF sold gold directly to sovereign countries. Today that changed, as once again the IMF is either telegraphing it is happy with a gold price of $1,250 (although its sales last year did not prevent gold from surging to record highs as of two days ago), or that it is increasingly poorer (as it is now solely supporting a broke Europe, that would not be surprising). Dow Jones reports that the IMF just sold $403 million dollars, or 10 metric tons, to Bangladesh (yeah Bangladesh).
The recovery in the UK has faded, with manufacturing, housing, and services all weakening in August.
Mining the Truth on Coal Supplies (Jeff B.)
No matter how bad coal might be for the planet, the conventional wisdom is that there is so much of it underground that the world’s leading fuel for electricity will continue to dominate the energy scene unless global action is taken on climate change.
But what if conventional wisdom is wrong?
A new study seeks to shake up the assumption that use of coal, the most carbon-intensive fossil fuel, is bound to continue its inexorable rise. In fact, the authors predict that world coal production may reach its peak as early as next year, and then begin a permanent decline.
At the root of all the converging crises of the World Problematique is the issue of human overpopulation. Each of the global problems we face today is the result of too many people using too much of our planet's finite, non-renewable resources and filling its waste repositories of land, water and air to overflowing. The true danger posed by our exploding population is not our absolute numbers but the inability of our environment to cope with so many of us doing what we do.
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."