Daily Digest 2/4 - When Smart Is Not So Smart, Breaking The 3,000 Mile Habit
Grado pointed out that the actual unemployment rate for young adults would have risen to 16.2 percent last month if the declining labor participation – those who have given up looking for work due to the lack of jobs – were accounted for in the statistics.
The 3,000-mile myth is also promoted by the quick lube industry's "convenient reminder" windshield sticker. It is a surprisingly effective tool that prompts us to continue following a dictate that our fathers (or grandfathers) drummed into our heads: It's your duty to change your oil every 3,000 miles — or your car will pay the price. But as former service advisor David Langness put it, the 3,000-mile oil change is "a marketing tactic that dealers use to get you into the service bay on a regular basis. Unless you go to the drag strip on weekends, you don't need it."
Dollar Sell Off Within 4 Months: John Williams (Arthur Robey)
"It will be the end of the road ... They are not going to have another opportunity ... they are pushing the limit as it is now." Williams says he expects, "...a negative reaction in the next 3 or 4 months to the dollar." Williams adamantly continues to predict hyperinflation to the U.S. dollar by the end of 2014.
When Smart Is Not So Smart (westcoastjan)
Smart” is one of the iconic words of our times. When the world’s first “smart phone” appeared in 1997, courtesy of Swedish firm Ericsson, the label was carefully chosen to signify an evolutionary leap forward: the transition from a passive tool, used to make and receive calls, to an interactive device offering - in the words of its original packaging - not only an “address book/calendar/notepad” but also the then-miraculous promise of “voice/email/SMS/internet” in one’s pocket.
The portfolio structure has been broadly unchanged since 2006 when it was formulated with an outlook for consumer prices to rise 1 percent annually. Instead, they have fallen.
“The portfolio was based on a prerequisite of things such as long-term interest rates at 3 percent on average for the next 100 years,” Mitani said. “Whether this is good will be a possible point of discussion.”
Similarly, for gold and silver, the key question is for how long paper gold and silver (in the form of futures and ETF’s) can control the price. It will be possible until physical demand will take over. Nobody knows how long exactly when it will happen and what the (final) trigger will be. However, one thing is clear: the longer this game goes on, the stronger the reaction afterwards.
Why Buy Silver? (GE Christenson)
In the United States silver was used as money – coins – until the 1960s when inflation in the paper money supply caused the price of silver to rise sufficiently that silver coins were removed from circulation. Do you remember silver dollars? They contained approximately 0.77 ounces of silver. Currently the US Mint produces silver eagles which contain 1.0 ounce of silver – and cost approximately $35.
Rise in Oil Tax Forces Greeks to Face Cold as Ancients Did (anexaminedlife)
Overnight, the price of heating a small apartment for the winter shot up to about $1,900 from $1,300. "At the beginning of autumn, it was the biggest topic with all my friends: How are we going to heat our places?" said Ms. Pantelemidou, who has had to lower her fees to keep clients. "Now, when I am out walking the dog, I see people with bags picking up sticks. In this neighborhood, really."
So far the world has warmed around 0.8OC. Already dramatic climate changes are emerging, often decades ahead of worst-case expectations. Extreme droughts, deluges, flooding, storms, crop losses, heat, forest die-off, coral death and ice melting are already well underway. The polar jet stream is weakening and getting "stuck" more often causing unusual storm tracks and long-lasting droughts.
If there were a way to opt-out and grant an allodial title to your land, you would not pay any taxes on your home much like on reservations, however you also would not be able to pledge your home as collateral via the traditional routes. Access to traditional bank financing would be nearly impossible, but if you had other means (i.e. family) you could create a very profitable enterprise much like Mystic Lake Casino. Allodial title lands would create competition for non-allodial lands, thus reducing property taxes, and a surge in job creation–something we desperately need. Corporations, instead of going offshore, could go into these special zones whereby they would be granted allodial status to spur domestic job creation.
He and dozens of other farmers are part of a growing community of farmers living north of 60 and, in some cases, north of the Arctic Circle. They’re joining farming co-operatives, investing in community gardens, purchasing livestock and starting their own small-scale commercial initiatives — to some extent, resurrecting an industry lost when improved transportation links brought a wide variety of food from the south.
Today, many northerners can’t fathom ever being able to eat local.
Gold & Silver
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