Daily Digest 8/14 - Deutsche Bank Proclaims Western Currencies Worthless, Water Is A Precious Resource
Indeed, in our entire realm of human commerce we are currently told that there is only one good which does not become worth less as it is diluted: the paper currencies of Western bankers. As I went on to explain in that prior commentary, as a tautology of logic the only good which does not (automatically) decline in value when it is diluted is a good which was already worthless before the dilution commenced.
Investors Prepare for Euro Collapse (Dana T.)
There's a growing sense of resentment in both lending and borrowing countries -- and in the nations that could soon join their ranks. German politicians such as Bavarian Finance Minister Markus Söder of the conservative Christian Social Union (CSU) are openly calling for Greece to be thrown out of the euro zone. Meanwhile the the leader of Germany's opposition center-left Social Democrats (SPD), Sigmar Gabriel, is urging the euro countries to share liability for the debts.
"It was tested by the US army on helicopter pilots. They found that after 40 hours, pilots actually had better concentration levels than if they had rested. It is much better than amphetamines, which affect decision making and have led to many so-called friendly fire incidents," he said.
There is also a project to make soldiers regenerate lost limbs.
Yoshida did use the opportunity, though, to call for foreign expertise to be brought in to help stabilize the reactors, something experts claim TEPCO and Japanese authorities have been reluctant to do on a meaningful level.
“People won’t come back to Fukushima until the plant isstabilised and we still need to find a way to do that,” he said. “We have to bring people in from around the world. It will require people, technology and wisdom from all corners.”
While oil industry officials take strong issue with these dim views, critics charge that governments here and abroad have been less than candid about future oil supplies and the ramifications of failing to shift to alternative fuels.
One outspoken Energy Department consultant, Robert Hirsch, alleged that the administrations of both Presidents George W. Bush and Barack Obama have engaged in a coverup of the likelihood of an oil shortage. Hirsch predicted a shortfall will hit in the next four years and send shockwaves through the world economy, possibly leading to gasoline rationing.
The biggest issue comes with adapting these new resources. Aside from the fact that it would be a major pain for companies to make the switch, cost is the real problem. Building fossil fuel plants and resources, as well as actually using them, is a cheaper option for most big businesses. Alternative energy costs more to install and maintain and with natural gas prices sitting so low and the supply growing by the day, you would be hard pressed to convince corporate America (or anywhere else in the world for that matter) that switching to clean energy is better for their business. It may help the environment, but it often hurts bottom line returns [see also Why The Solar ETF (KWT) Gained 1,400% In One Day].
Take Care, Water Is Not A Limitless Resource (James S.)
Water too, is a resource that given its careless usage will begin to run-short within a few decades, as is espoused in the book entitled "Mirage", written by Cynthia Barnett, which focusses on water-use in the United States and in Florida particularly. Years ago I read "The Grapes of Wrath" by John Steinbeck which draws-out in painful detail the tribulations of families trying to survive in the dust-bowls of the mid-west during the Great Depression era of the 1930's, struggling toward California in a search for jobs and land, but mostly land... on which crops would grow. It is well known that to the east of the longitudinal line along the 100th meridian rainfall is plentiful, while to the west of it the climate is relatively arid. Indeed it was once believed that farmers in the "east" would never have to worry about watering their crops, but in recent years demand for water has surged with calamitous environmental consequences.
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