Daily Digest 6/21 - How To Save Your Money And Your Life, Design Flaw Does In CA Power Plant
- How To Save Your Money And Your Life
- Gerald Celente: This Thing [Financial System] Is Coming Down
- Syria, Iran, Russia and China plan joint war games, Iranian news agency says
- Russian shipment of attack helicopters for Syria halted off Scotland
- MF Global Customers "Get the Chance" To Auction Off Hopes For the Full Return of Stolen Funds
- Computer Design Flaw Does in California Nuclear Power Plant
How To Save Your Money And Your Life (Chris M.)
There are no guarantees in life. Throughout the first several hundred thousand years of human existence, very little capital was accumulated – perhaps a few skins or arrowheads passed on to the next generation. And there was very little improvement in technology – it was many millennia between the taming of fire and, say, the invention of the bow. Things very gradually accelerated and improved, in a start-stop-start kind of way – the classical world, followed by the Dark Ages, followed by the medieval world. Finally, as we entered the industrial world 200 years ago, it looked like we were on an accelerating path to the stars. All of a sudden, life was no longer necessarily so solitary, poor, nasty, brutish or short. I'm reasonably confident things will continue improving, possibly at an accelerating rate. But only if individuals create more capital than they consume and if enough of that capital is directed towards productive technology.
Simultaneously, vital economic statistics across the global economy show steep drops or have begun to resemble bubble-like characteristics. Suddenly, the global economic growth story, the West-East ‘decoupling’ theory, and the global ‘muddle-through’ thesis, increasingly appear to be nothing more than well-crafted media-driven nonsense. It’s just a media con job to keep investors back on their heels and away from critical thinking regarding their savings and wealth, according to Celente.
Iran is currently holding talks with six Western powers over the fate of its nuclear program. The talks, said to be held in a tense atmosphere in Moscow, seek to alleviate world concerns that the Islamic Republic is developing nuclear weapons.
Russian shipment of attack helicopters for Syria halted off Scotland (Dogs_In_A_Pile)
Britain's Foreign Office said no physical intervention had been made to prevent the ship's progress. However, Foreign Secretary William Hague told lawmakers on Tuesday that the vessel had "turned back now apparently toward Russia." That could not be independently verified as the ship appeared to have turned off its Automatic Identification System (AIS) equipment in the early hours of Monday.
Perhaps it is just an overdeveloped sense of justice, but I find this to be particularly repugnant. Wall Street is taking advantage of people's fears of not receiving their money back in the face of a blatant theft by some undisclosed financial parties, and of course an overwhelming show of legal force and slick maneuvering in the bankruptcy process by JPM.
Especially when those fears have been created by some of the very institutions that stand to further benefit from the lack of justice in how this is being handled by their bought and paid for regulators and politicians. Slobbering Senators Woo Dimon While They Gut Dodd-Frank- Bloomberg.
The Associated Press reported on Monday that a design flaw traced to an incorrect computer analysis will keep Southern California Edison’s controversial San Onofre nuclear power plant offline for some time to come. San Onofre, which is Southern California’s only nuclear plant, produces enough power to serve about 1.4 million households.
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