Daily Digest

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Daily Digest 8/23 - Labradors Hone In On Hidden Fortunes, Reliance On Natural Gas Sparks Concern

Thursday, August 23, 2012, 11:48 AM

Economy

The Price of Gold Breaks Above $1625 for the first Time in Three Months (Taki T.)

The data also showed that deposits shrank by 6.59% compared with a year earlier, the steepest annual decline on record, reflecting how hard-hit Spaniards are burning through their savings and that capital flight from Spain is intensifying.

Capital outflows from Spain more than quadrupled in May to €41.3 billion ($50.7 billion) compared with May 2011, according to figures released by the Spanish central bank.

Are People Being Thrown In Psychiatric Wards For Their Political Views? (Arthur Robey)

When psychiatric science becomes co-opted by a political agenda, an unhealthy alliance may be created. It is science that will always be the host organism, to be taken over by political viruses…. [P]sychiatry may come to resemble a new organism entirely -- one that serves the ends of the criminal justice system.

Mass grave in London reveals how volcano caused global catastrophe (Chris M.)

Mass deaths required capacious burial pits, as recorded in contemporary accounts. In 1258, a monk reported: "The north wind prevailed for several months… scarcely a small rare flower or shooting germ appeared, whence the hope of harvest was uncertain... Innumerable multitudes of poor people died, and their bodies were found lying all about swollen from want… Nor did those who had homes dare to harbour the sick and dying, for fear of infection… The pestilence was immense – insufferable; it attacked the poor particularly. In London alone 15,000 of the poor perished; in England and elsewhere thousands died."

Nose for money: Labradors home in on hidden fortunes (Thomas C.)

Officers reported that a Chinese businesswoman flying out of the airport was caught with €100,000 stuffed in her underwear, while shoe heels, dolls and tampons have also been used as hiding places. A second Chinese entrepreneur was rumbled after rolling €200,000 worth of €500 notes and inserting them into cigarettes.

Energy

Reliance On Natural Gas Sparks Concern (David B.)

“It does lead to concerns about the reliability of the electric system and the reliability of [getting] gas to gas customers if we don’t do careful planning,” LaFleur said. “I don’t think there’s a reason to panic, but I absolutely think there’s a reason to plan.”

Grid Power And The Death Of the Automobile (James S.)

Interestingly, instead of investing in the power grid, India embarked earlier last decade on a massive highway project, known as the Great Quadrilateral. This created a kind of grand, national circular whose “four and six-lane, 3,625 miles run through 13 states and India's four largest cities: New Delhi, Calcutta, Chennai (formerly Madras), and Mumbai (formerly Bombay),” according to a 2005 New York Times article. The piece continues, describing the ongoing, 15-year effort (to be completed this year) as “the most ambitious infrastructure project since independence in 1947 and the British building of the subcontinent's railway network the century before.”

Shale Growth in other Nations: How Realistic is it? (James S.)

Today we are awash in natural gas and our entire energy strategy is being turned on its head by the prospect of abundant supply and low—very low—prices. The market forces that created this boom are at work today correcting the market excess as more E&P companies shift their drilling from natural gas to oil and natural gas liquids attracted to their higher prices. We also expect to see some of this excess natural gas turned into LNG and exported to global markets which have higher prices.

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."

9 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2655
rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 376
The Foreclosure Suicide America Forgo

in case you were wondering what happened to the robosigning prosecutions..

Tracy Lawrence: The Foreclosure Suicide America Forgot

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2655
Republicans Eye Return to Gold Standard

Republicans Eye Return to Gold Standard

Don't read those last couple of paragraphs, since in some cases it has been known to cause people to crash their heads through the wall.

VeganD's picture
VeganD
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 600
Detained Marine veteran now released, per judge’s order

http://wtvr.com/2012/08/23/brandon-raub-judge-orders-release-of-detained...

HOPEWELL, Va. (WTVR) – A Hopewell circuit court judge has ordered that a Marine veteran detained over anti-government Facebook posts be released from a psychiatric hospital.

Arthur Robey's picture
Arthur Robey
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Joined: Feb 4 2010
Posts: 2381
The real world.

A good read RJS. So that is how the real world works, stripped of all it's ideology. So much for Capitalism. There are a fair few people banking on Atheism.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2655
Ambrose Evans-Pritchard

Take your pick on any of the last three

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 2745
Republicans and the gold standard

I think the addition of the gold standard to the Republican platform is just another ploy to keep the social conservatives and libertarians on board with the corporate Repubicans who have been manipulating them for decades.  Platforms are nothing more than assemblages of fragmentary bits and pieces intended to throw bones to the fringe segments of the party.  And, that applies to the Dems as well.  The corporates will never accept a gold standard or anything that gives gold any official monetary status.  The fiat standard has been very good to them and they manipulate it quite well with GS firmly in charge of the Fed and Treasury.

The vid Saxplayer posted illustrates the contempt that bankers have for the gold standard despite the fact that their analyses of what is wrong with our system might well be corrected with some kind of link to hard assets.  They don't want anything that would put limits on their manipulation of currencies.  It will never happen as long as we have this two party system.

Doug

Wendy S. Delmater's picture
Wendy S. Delmater
Status: Diamond Member (Offline)
Joined: Dec 13 2009
Posts: 1517
whistleblower

Thank you, RJS. A sobering read.

VeganD's picture
VeganD
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 600
There is an epidemic of suicides globally

RJS

very sad, thank you for calling attention to this.

Resources are available to people (outside US do not know the contact infor)

http://www.suicidepreventionlifeline.org/
http://www.save.org/index.cfm?fuseaction=home.viewPage&page_id=7049F2F1-...

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