Daily Digest 7/21 - Rooftop Turbine Could Make Wind Farms A Reality, TX Groundwater In Danger

Economy

2 Signs Showing The Next Recession In The U.S. Is Underway (David B.)

#1 U.S. retail sales have declined for three months in a row, and that is a very bad sign. Retail sales in America have fallen three months in a row only 27 times since 1947. In 25 of those instances, the U.S. economy was either “in a recession or within three months of a recession.”

Mainstream Media's Demise as a Check on Corruption: Tom Cruise and Katie Holmes' Divorce Crushes LIBOR Scandal Coverage (Jaime)

It is disheartening to have front row seats to the real-time rewriting of history. But that is what our media is engaged in right now - diminishing the importance of systemic issues of corruption, in favor of fluff, gossip, and a never-ending parade of stupid pet tricks. There are exceptions, but the trend is unmistakably to inanity, compromised storytelling masquerading as journalism, and outright fantasy. The ultimate victims of this trend: justice, free markets, and democracy.

London Trader - The LBMA Gold Price Fixing Scheme Is Over (Thomas C.)

“This tells me there is something major that is happening behind the scenes. It tells me that the LBMA’s price fixing scheme is coming to an end. You have these naked short positions, that are incomprehensible to most people, in both gold and silver...

I Admit It, I Was Wrong About Regulation (Arthur Robey)

But since the regulations were there to protect the firm's clients (and Russ was there too, to protect his clients and his business), and the necessary deposits that should have been there to readily count as part of examinations into the firm's capital, and stupid stuff like that, weren't there... well, Russ did the only thing he could. He fooled those stupid, onerous regulators by lying to them and saying he had money in drawer number two. In fact, he actually took monies from drawer number one (that one was marked "client money") to put into drawer number two.

Of course, the regulators - being as adept as they usually are - didn't really look into drawer number two. Russ actually fabricated a daisy chain mailing scheme to send them a note that said, don't look in drawer number two, let this note to you idiots be all the proof that you need that what I say is in drawer number two is really in drawer number two.

That Sinking Feeling About Groundwater In Texas (Jeff B.)

Farmers in the District draw from the Ogallala Aquifer, a vast underground water reserve that supplies portions of eight states and waters 27 percent of the nation’s irrigated cropland. Since much of the aquifer gets little recharge from rainfall today, rising rates of pumping have led to steady depletion. According to the U.S. Geological Survey, a volume of groundwater equivalent to two-thirds of the water held in Lake Erie has been depleted from the Ogallala since 1940.

Tiny Rooftop Turbine Could Make Urban Wind Farms A Reality (safewrite)

"The traditional wind farm models are just not effective and are certainly not suitable for urban environments." Dr Scott Elliott, CEO of McCamley UK Ltd said in a press statement, "This leaves a huge gap in the market where businesses, residential blocks and other organisations could be benefiting from clean energy. We believe that this design has the potential to be the new face of wind energy and is completely scalable, from 12kW designs to larger megawatt designs."

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."