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Daily Digest 12/17 - Japan Passes Energy Sector Reform, How Much Nature Do We Have To Use?

Tuesday, December 17, 2013, 11:24 AM

Economy

Retirement Plans Attacked For 'Savings Inequality' (Nate)

Poland’s move followed a similar move by the Mediterranean island-nation of Cyprus in March when the government confiscated 10 percent of all bank accounts. Cyprus sought to raise 6 billion euros to meet a condition set by international bankers, including the International Monetary Fund as a condition of finalizing a proposed Eurozone bailout.

How Hidden Bank Risks Drive Investors to Productive Assets, U.S. Treasuries, and Gold (Adam)

Dimon is now spending billions on an army of accountants and other “risk professionals” to examine JPMorgan. Yet this flurry of activity will not improve the bank’s core risk knowledge, because the global banking system has enormous systemic hidden risk. Dimon’s debacle is not an isolated case.

Fed’s $4 Trillion Assets Draw Lawmaker Ire Amid Bubble Concern (cmartenson)

The Federal Reserve’s balance sheet is poised to exceed $4 trillion, prompting warnings its record easing is inflating asset-price bubbles and drawing renewed lawmaker scrutiny just as Janet Yellen prepares to take charge. Among Fed officials, “there’s discomfort in the sense that the portfolio could grow almost without limit,” former Fed Vice Chairman Donald Kohn said last week during a panel discussion in Washington. Kohn said there was “discomfort in the potential financial stability effects” and added: “There’s some legitimacy in those discomforts.”

Banks Are Playing Russian Roulette With Our Financial Security (westcoastjan)

"Megabanks trade risk via derivatives contracts to another firm while keeping the underlying asset on their books," says Too Big Has Failed. "This way they can bypass capital requirements and take on more debt. This in turn allows them to make more trades, but it also means that if a sudden downturn surfaces in the markets, the firm which borrowed way beyond their means may quickly go bankrupt."

Expanding the energy economy in the name of public health (jdargis)

Speaker after speaker at the Nobel Week Dialogue emphasized that one of the biggest challenges of the upcoming decades will be bringing more of the world's population into the energy economy, providing them with access to electricity and the other benefits that can accompany it, like refrigeration for food and medical supplies. The benefits don't stop there; Richenda Van Leeuwen of the UN Foundation noted that simply having access to lighting in the developing world can increase family income by about 15 percent.

Japan Passes Energy Sector Reform in Wake of Fukushima (James S.)

The Fukushima nuclear crisis certainly had profound implications for Japan. In November 2013, Japan’s lower house and upper house successively passed legislation to start electricity sector reform in 2015. Nuclear energy, which used to account for 30 percent of Japan’s electric power, was discarded after the earthquake and Fukushima incident, leading to energy price hikes (see graph below). The new bill, designed to break up monopolies, curb electricity prices and facilitate the development of renewable energy through a series of liberal reforms, is the child of the Fukushima nuclear crisis.

Oilsands Tailings Ponds Released Into Rivers? Industry, Governments Discuss (westcoastjan)

"(Alberta Environment) is consulting on a tailings management framework with industry and First Nations," department spokeswoman Nikki Booth said in an email. "Included in that consultation are discussions about introducing tailings water (free of the tailings) back into natural waterways at the end of a project."

How Much Nature Do We Have to Use? (cmartenson)

If you want to grow your savings and avoid going into financial debt, you need to spend your money no faster than you earn it. To do this, you need to know exactly how much money you make and spend over a given period, and compare the two. You can then create a budget for continuing to live within your means by predicting how your future earning and spending may change. Similarly, if you want to ensure that you are not overusing ecological assets—which provide the ecological services on which all human activities, including the economy, depend—you need to know how productive these assets are, and the rate at which you use them.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/16/13

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."

9 Comments

saxplayer00o1's picture
saxplayer00o1
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RogerA's picture
RogerA
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Women

Sometime ago I was reading a book about our coming future (written some time ago). What I remember as a sign of the "end" times coming was the men in top positions would be replaced with women (meaning fleeing the sinking ship). No evidence of anything, just an observation.

robie robinson's picture
robie robinson
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Posts: 678
Just maybe

the ladies can turn this ship around.

cmartenson's picture
cmartenson
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Perhaps it's not gender...

RogerA wrote:

Sometime ago I was reading a book about our coming future (written some time ago). What I remember as a sign of the "end" times coming was the men in top positions would be replaced with women (meaning fleeing the sinking ship). No evidence of anything, just an observation.

In my mind we do not need more women doing this or fewer men doing that...

What's missing in our equation is not a matter of gender...but of an imbalance between the masculine and the feminine.  

Our culture glorifies the masculine and many women to who rise to positions of power do so because they emulate the masculine, and therefore often do not bring much in the way renewed balance to the equation.

There are many ways that humans are out of balance in the world, and the outer usually is just a reflection of the inner.  It's time to bring things back into balance.

Arthur Robey's picture
Arthur Robey
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Parasites

It seems to me that the first world is doing to themselves what they did to Africa.

They offered huge loans to corrupt governments, anticipating getting all the money back as it was deposited in the kleptocrats' Swiss bank accounts.

The interest payment tab was picked up by the next generation(s).

Having sucked Africa dry, they have turned their  parasitic attentions to their own flesh.

Edit: I am talking of course about the various Eurozone bailout conditions. Cyprus, Ireland Greece etc.

These are the habits and Morphic fields that Sheldrake goes on about.

Boiling it all down to a one liner they say "Give us your money and we will give you debt." Seems like a good deal at the time.

saxplayer00o1's picture
saxplayer00o1
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That $16.394 trillion debt ceiling from lst year

$17,259,029,055,459.14   today

If you use the find history you'll see over one year we've added almost exactly $900 billion in debt.

12/14/2012.....$16,359,576,959,576.49
12/16/2013.....$17,259,029,055,459.14

RogerA's picture
RogerA
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Posts: 106
Africa

From: http://www.globalresearch.ca/doomsday-seed-vault-in-the-arctic-2/23503

Africa is the next target in the US-government campaign to spread GMO worldwide. Its rich soils make it an ideal candidate. Not surprisingly many African governments suspect the worst from the GMO sponsors as a multitude of genetic engineering and biosafety projects have been initiated in Africa, with the aim of introducing GMOs into Africa’s agricultural systems. These include sponsorships offered by the US government to train African scientists in genetic engineering in the US, biosafety projects funded by the United States Agency for International Development (USAID) and the World Bank; GMO research involving African indigenous food crops.
The Rockefeller Foundation has been working for years to promote, largely without success, projects to introduce GMOs into the fields of Africa. They have backed research that supports the applicability of GMO cotton in the Makhathini Flats in South Africa.
Monsanto, who has a strong foothold in South Africa’s seed industry, both GMO and hybrid, has conceived of an ingenious smallholders’ programme known as the ‘Seeds of Hope’ Campaign, which is introducing a green revolution package to small scale poor farmers, followed, of course, by Monsanto’s patented GMO seeds. 6
Syngenta AG of Switzerland, one of the ‘Four Horsemen of the GMO Apocalypse’ is pouring millions of dollars into a new greenhouse facility in Nairobi, to develop GMO insect resistant maize. Syngenta is a part of CGIAR as well.7...

It is no accident that the Rockefeller and Gates foundations are teaming up to push a GMO-style Green Revolution in Africa at the same time they are quietly financing the ‘doomsday seed vault’ on Svalbard. The GMO agribusiness giants are up to their ears in the Svalbard project.
Indeed, the entire Svalbard enterprise and the people involved call up the worst catastrophe images of the Michael Crichton bestseller, Andromeda Strain, a sci-fi thriller where a deadly disease of extraterrestrial origin causes rapid, fatal clotting of the blood threatening the entire human species. In Svalbard, the future world’s most secure seed repository will be guarded by the policemen of the GMO Green Revolution–the Rockefeller and Gates Foundations, Syngenta, DuPont and CGIAR.

Then : http://www.naturalnews.com/040702_manafrivac_gates_foundation_vaccine_injuries.html

In early December 2012, the children were reportedly put on lockdown at their school and coerced into accepting the MenAfriVac vaccine for meningitis A as part of an aggressive initiative launched by the Bill & Melinda Gates Foundation, the World Health Organization (WHO), UNICEF, PATH, and MVP (Meningitis Vaccine Project). The children's parents were not told about the vaccination efforts, nor were they sought for parental consent, and yet these children were threatened with being cut off from an education if they refused the shot.

Arthur Robey's picture
Arthur Robey
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Justice Neopolitano Speaks

I was once asked how I felt about the decolonisation of Africa.

I said it was great. We get rid of the white trash, drive the continent to its knees and screw it for whatever it is worth. Decolonisation has been a wonderful success. Just ask the Africans.They are voting with their feet.

However they are jumping from the frying pan into the fire. Here is Judge Nepolitano discussing government debt. We might as well go first class.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2592
Glitch

Error

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