Daily Digest

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Daily Digest 2/26 - Top Alternatives To Paper Money, Countries With 100% Renewable Energy

Tuesday, February 26, 2013, 11:23 AM

Economy

Heavy foreign content of LNG model puts Canada at risk (westcoastjan)

With visions of scooping a windfall in resource revenues similar to the one reaped in Alberta from the oil sands, B.C. Premier Christy Clark’s government has proposed an LNG export tax, which it plans to finalize over the next year.

The Truth About The COMEX (Taki T.)

If one analyzes the gold price during the day, one can see a systematic manipulation taking place during early COMEX trading; were the price systematically and drastically loses in value. We at Global Gold are convinced that this artificially created volatility is done to drive investors away from gold.

Top Alternatives To Paper Money (Amanda)

Ideally, the dollar would be totally reformed, made good as gold, and restored to its former integrity. How likely is that to happen? The whole idea depends on the wisdom, good will, and public beneficence of the political and elite class of banking moguls.

Is there any wonder that there is a clamor for the private sector to come up with something new? It’s been going on for several decades now, this discovery process we might call “monetary entrepreneurship.”

Taxpayers on the hook for $540-million as Ottawa writes off another 44,000 unpaid student loans (westcoastjan)

Supplementary spending estimates tabled Monday in the House of Commons by Treasury Board president Tony Clement call for an additional $231.2 million in the current 2012-13 fiscal year ending in March to write off 44,048 debts related to Canada Student Loans.

“Amounts being written off are debts for which all reasonable efforts to collect the amounts owed have been exhausted,” explains the 145-page supplementary spending estimates.

Mark Carney On Rebuilding Trust In Banks: Bankers 'Need To Rediscover Their Values' (westcoastjan)

In its monetary policy review last month, the central bank said the Canadian economy inched along at only one per cent in the last three months of the year. As well, the Bank of Canada downgraded growth expectations for 2012 and 2013 by three-tenths on both counts to 1.9 per cent and 2.0 per cent respectively.

The Bank of Canada is expected to update its economic forecast in April.

Energy

Countries With 100% Renewable Energy (Amanda)

Iceland – Built as it is on a volcano, Iceland has tapped the earth’s natural warmth to supply 85% of the country’s housing with heat. Between geothermal and hydropower, the electricity supply is 100% renewable energy. Iceland has so much geothermal capacity that their ambassador to Britain is in discussions about whether or not they could build an interconnector into the UK grid.

US oil imports from Middle East increase (Rector)

Other Gulf exporters are also seeing unusually strong US demand. By the end of November, Kuwait had shipped more oil to the US than in any year since 1998. Analysts are expecting annual figures to be released later this week to confirm the trend seen up to November.

Be Careful: Russia is Back to Stay in the Middle East (James S.)

Earlier at the United Nations, Russia had failed to realize that Security Council Resolution 1973 that was to implement a new policy of “responsibility to protect” cloaked a hidden agenda. It was to be turned from a no-fly zone into a free-fire zone for NATO. That strategic blunder of not vetoing the resolution led to the destruction of Gaddafi’s regime and cost Russia construction contracts and its investments in Libyan gas and oil to the tune of 10 billion dollars.

Environment

Miracle grow: Indian farmers smash crop yield records without GMOs (Amanda)

Another Bihar farmer broke India’s wheat-growing record the same year. They accomplished all this without GMOs or advanced seed hybrids, artificial fertilizer or herbicide. Instead, they used a technique called System of Rice [or root] Intensification (SRI). It’s a technique developed in Madagascar in the 1980s by a French Jesuit and then identified and promulgated by Cornell political scientist and international development specialist Norman Uphoff.

BPA may affect the developing brain by disrupting gene regulation (Arthur Robey)

BPA, a molecule that mimics estrogen and interferes with the body's endocrine system, can be found in a wide variety of manufactured products, including thermal printer paper, some plastic water bottles and the lining of metal cans. The chemical can be ingested if it seeps into the contents of food and beverage containers.

Biochemist creates CO2-eating light that runs on algae (Amanda)

Calleja has developed a lighting system that requires no electricity for power. Instead it draws CO2 from the atmosphere and uses it to produce light as well as oxygen as a byproduct. The key ingredient to this eco-friendly light? Algae.

Gold & Silver

Click to read the Gold & Silver Digest: 2/25/13

Provided daily by the Peak Prosperity Gold & Silver Group

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."

5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 2812
NJINEAR's picture
NJINEAR
Status: Member (Offline)
Joined: Aug 7 2012
Posts: 19
algae light

that article is complete hogwash

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 377
algae light

NJINEAR wrote:

that article is complete hogwash

i agree; was going to suggest readers check the comments under the article

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 2812
Senators resigned to sequester cuts

"Senators on Tuesday sounded increasingly pessimistic about avoiding the automatic budget cuts set to kick in on Friday, predicting they’ll go forward absent an elusive deal on taxes.
“Until there’s some agreement on revenue I think we should go ahead with the sequester,” Senate Majority Leader Harry Reid, a Nevada Democrat, told reporters on Capitol Hill. Sen. Roy Blunt, a Missouri Republican, told reporters: “The spending cuts are going to happen.” "

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 2812
'Catastrophe for euro' - Europe frets over Italy-Ambrose Evans-P

'Catastrophe for euro' - Europe frets over Italy (Ambrose Evans-Pritchard)

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