Daily Digest

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Daily Digest 7/12 - Shooting The Messengers, Unraveling The Secrets Of A Bee’s Buzz

Friday, July 12, 2013, 11:21 AM

Economy

Market Moves Ahead Should be Good for Gold, Bad for US Dollar (Taki T.)

Exacerbating financial-system solvency concerns for the Fed and intensifying US fiscal instabilities, the US economy never recovered from its 2008 plunge, and now it is slowing anew. Increasing recognition of these factors, complicated by the potential of a domestic political scandal taking on Watergate-style status, promise difficult times ahead for the US dollar, with resulting domestic inflation problems and significant upside pressure on the prices of gold and silver.

Analysis: Fed mulls adjusting its tune to quell jittery markets (Dana T.)

"I do think there are lot of FOMC members who would want to keep zero rates as long as possible, particularly during the QE exit," said Bluford Putnam, chief economist at futures exchange operator CME Group and a former New York Federal Reserve Bank economist. "So, they might argue down the road to change that 6.5 percent to 6.0 or something."

A Climate Of Change (jdargis)

In breathtakingly short order the decades-old dictatorships of Tunisia, Egypt, Libya and Yemen collapsed. As popular pressure mounted, other Arab governments announced political reforms, more public spending and other concessions to appease their restless people. A region-wide burst of youthful energy that reminded Westerners of their own liberating social upheaval of the 1960s suggested a new sense of empowerment. The “Arab exception”—the apparent inability of these neo-patriarchal states to move towards political norms shared by most of the world—seemed to have been overcome.

Shooting The Messengers (jdargis)

But it was not until Hetherington died from a shrapnel injury in Misrata, Libya, on 20 April 2011 - alongside another outstanding photographer, Chris Hondros - that Junger understood conflict the way soldiers do. He and Tim were not only great friends but in the eyes of many were "professionally married" because of their work together for Vanity Fair and on Restrepo. In the gut-shot days that followed Hetherington's death, Junger was avalanched with correspondence.

Consumer Frugality Adds to Woes in France (jdargis)

Europe’s long-running economic troubles have been, for the most part, confined to the feeble countries of Europe: Greece, Spain, Portugal and Italy. But more and more they are coming home to roost in France, raising questions about whether one of the Continent’s biggest economies may become the next sick man of Europe.

Leaner BP Blanches at Bill for Cleanup

BP has taken a charge of $42.2 billion for cleanup costs, fines and other compensation. It initially estimated that it would pay $7.8 billion to Gulf coast businesses and residents, a total it has increased to $8.2 billion excluding future business loss claims that the company says it cannot yet estimate.

More Signs of ‘Peak Us’ in New Study of ‘Peak Oil Demand’ (jdargis)

Back in 2010, I asked this question: “Which Comes First – Peak Everything or Peak Us?” My focus was whether humans could use the gift of foresight to curb resource appetites in ways that would avoid having the peak imposed on us by shortages or human-induced environmental shifts like climate disruption.

Unraveling the Pollinating Secrets of a Bee’s Buzz (jdargis)

The animals produce a peculiar buzz with this technique. “It sounds like a bee is giving you a raspberry,” said Stephen Buchmann of the University of Arizona. In fact, they’re creating resonating vibrations to loosen the pollen grains inside the tubes. “The bees are turning themselves into living tuning forks,” said Dr. Buchmann.

Gold & Silver

Click to read the Gold & Silver Digest: 7/11/13

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."

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saxplayer00o1
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