Daily Digest

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Daily Digest 6/11 - The Logic Of The Surveillance State, The Myth Of Executive Accountability

Tuesday, June 11, 2013, 10:43 AM

Economy

The Logic of the Surveillance State (Chris M.)

The problem with surveillance states, and with oppression in general, is the cost. This cost is both direct, in the resources that are required, and indirect in the lost productivity and creativity caused by constant surveillance. Surveillance states, oppressive states, are not creative places, they are not fecund economically. They can be efficient and productive, for as long as they last, which is until the system of control is subverted, as it was in the USSR. We forget, in light of the late USSR’s problems, that it did create an economic miracle in the early years, and tremendously boost production. Mancur Olson’s “Power and Prosperity” gives a good account of why it worked, and why it stopped working.

Damage Control Time: National Intelligence Releases PRISM "Facts" (Chris M.)

Confirming that the administration is in very hot water over this week's revelations of widespread domestic and global surveillance, moments ago this Saturday afternoon the head of National Intelligence James Clapper released "Facts on the Collection of Intelligence Pursuant to Section 702 of the Foreign Intelligence Surveillance Act" in which he says that PRISM is not an undisclosed collection or data mining program.

Social Security: The New Deal’s Fiscal Ponzi (pinecarr)

To the extent that means-tested social welfare is strictly cash-based, as was cogently advocated by Milton Friedman in his negative income tax plan, it is even more fiscally stable. Such purely cash based transfers do not enlist and mobilize the lobbying power of providers and vendors of in-kind assistance, such as housing and medical services.

France Prohibits Sending Currency, “Coins And Precious Metals” By Mail (lnorris)

Markets await the U.S. nonfarm payroll data at 1330 GMT which will help inform as to whether the U.S. is heading into another recession which seems likely and whether the Federal Reserve would wind down its market supporting monetary stimulus.

Silver Cycles: What Next? (GE Christenson)

Assign each cycle a weight approximately proportional to the cycle length. Use a beginning value and calculate the exponential increase (0% or 21% per year) for each week, and then add or subtract the percentage changes for each weekly time cycle. Adjust the cycle index weights to obtain the best visual fit on a graph of actual silver prices versus the calculated price of silver.

The myth of executive accountability (westcoastjan)

Do people want to be held accountable for the consequences of their actions, or inactions? While the nature of human motivation is endlessly diverse, I’ve come to the conclusion that the default condition for accountability is its absence. Various corporate policies, including those relating to reward and consequence further exacerbate this and promote the absence of accountability further.

Driving Factors Behind Improvements in Water and Energy Production (James S.)

From an improvement standpoint, is water and energy treated differently? Differently from the perspective ways and means to improve quality, where energy providers strives for cleaner and more efficient and reliable sources and water strives to distribute cleaner supplies for agricultural and human consumption. Where way and means include investment, grants and regulations. While cost is ultimate driver to achieve these goals, the government tends to take a different approach to improve power and water resources. That is, improvement of America’s prosperity by addressing its energy challenges through transformative science and technology solutions.

Farm Equipment That Runs on Oats (Wendy SD)

Mr. Leslie, 52, and his wife, Kerry Gawalt, 38, use a tractor to haul manure and do other heavy jobs here on Cedar Mountain Farm. But when it comes to working the land, they use four Norwegian Fjord breed horses. Their farm is one of some 400,000 operations in North American that use draft horses in some capacity, estimates Lynn Miller, the editor of the Small Farmer’s Journal, in Sisters, Ore., who has farmed with horses for more than 40 years.

Gold & Silver

Click to read the Gold & Silver Digest: 6/10/13

Provided daily by the Peak Prosperity Gold & Silver Group

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7 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2434
Arthur Prognosticates. ("How's your belly for spots?")

Will this spooks issue have any lasting consequences? Nope.

The pretty curves of the Limit to Growth model will unfold as they must. It is Business as Usual until it isn't.

And it isn't. Take a look around you. -Syria, Turkey, Afganistan, yadda...yadda...yadda.

This surveillance fracas is a symptom of the disease. The disease is Exponential Growth, a cancer.

As my late stepmother asked, "How's your belly for spots?"

Join the dots. They are everywhere.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2690
Tall's picture
Tall
Status: Gold Member (Offline)
Joined: Feb 18 2010
Posts: 280
Slumlord Nation (species)

We’ve become a slumlord species: we cash out nature’s maintenance flows and spend our gains as income.

http://www.resilience.org/stories/2013-06-11/slumlord-nation

MarkM's picture
MarkM
Status: Platinum Member (Offline)
Joined: Jul 22 2008
Posts: 755
...and

even borrow against expected future gains,

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2690
Dealers rigged forex spot benchmarks: report

"Traders at a number of major global banks have been manipulating spot foreign-exchange rates for at least a decade, altering the values of trillions of dollars worth of investments, Bloomberg News reported Tuesday, citing five unnamed dealers. The scheme involves the WM/Reuters Closing Spot Rates, which are used to provide daily benchmarks to value portfolios. However, market participants have been front-running client orders to rig the rates by pushing through trades before and during a 60-second window when the rates are set. British regulators are considering a probe into allegations of this practice, the report said"

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2434
Organic Raw Veggies's picture
Organic Raw Veggies
Status: Bronze Member (Offline)
Joined: Jul 24 2012
Posts: 49
Slumlord parasites

Great article, thanks Tall.

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