Daily Digest

Daily Digest 5/10 - Saving The Monetary System, 1300 Tubes Damaged At CA Power Plant, Who Wants To Buy Honduras?

Thursday, May 10, 2012, 9:42 AM
  • Economic Alert: If You’re Not Worried Yet…You Should Be
  • Hugo Salinas Price - Saving The Monetary System
  • The Emperor Is Naked
  • 47 Signs That China Is Absolutely Destroying America
  • Who Wants To Buy Honduras?
  • How the Oil Industry has Deceived the US with the Promise of Energy Independence
  • Over 1,300 Tubes Damaged at California Nuclear Plant
  • Hot Particles and Measurement of Radioactivity
  • Big Rise In North Pacific Plastic Waste

Learn how to protect your wealth against the Three E forces using our 'What Should I Do?' guide


Economic Alert: If You’re Not Worried Yet…You Should Be (Ben Johnson)

For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. I do not take the word “alert” lightly. Since 2008 we have seen a cycle of events that have severely weakened our country’s foundation, but each event has then been followed by a lull, sometimes 4 to 6 months at a stretch, which seems to disarm the public, drawing them back into apathy and complacency. The calm moments before each passing storm give Americans a false sense of hope that our capsized fiscal vessel will somehow right itself if we just hold on a little longer..."

Hugo Salinas Price - Saving The Monetary System (adam)

Hugo Salinas Price, President and Founder of the Mexican Civic Association Pro-Silver, is interviewed by Victor Huerta of GoldSilver Radio. They touch on a variety of subjects currently in the economic and social environment.

The Emperor Is Naked (David R.)

Capital markets are at the heart of capitalism and they are not working. Savers are being crushed when we desperately need savings. The federal government is borrowing when it is broke. Wall Street is arbitraging the Fed's monetary policy by borrowing overnight money at 10 basis points and investing it in 10-year treasuries at a yield of 200 basis points, capturing the profit and laughing all the way to the bank. The Fed has become a captive of the traders and robots on Wall Street.

47 Signs That China Is Absolutely Destroying America (Phil H.)

China is absolutely destroying America on the global economic stage. Once upon a time, the Chinese economy was a joke and the U.S. economy was the most powerful the world had ever seen. But over the past couple of decades the U.S. economy has decayed and declined while the Chinese economy has skyrocketed.

Who Wants To Buy Honduras? (jdargis)

According to Romer, becoming a wealthy country requires better-run cities because that’s where people are headed. Cities might offer horribly paying jobs in factories and domestic service, but many families make the move because they’re still earning far more than they can make by farming. In 1900, nearly 90 percent of the world’s population was rural. By 2000, three-quarters of people in the United States, Western Europe and other wealthy countries were city dwellers. In the next 40 years, the United Nations estimates, the world’s urban population will grow by nearly three billion, largely in poor countries.


How the Oil Industry has Deceived the US with the Promise of Energy Independence (James S.)

The answer is actually quite simple. If the industry tells the public and policymakers the truth, then the industry's attempt to vastly expand its U.S. operations will almost certainly fail. The truth is that the industry is having a difficult time finding good prospects in the limited areas overseas that it can now explore. So, it wants to return its focus to the United States and drill protected public lands and currently closed offshore areas so it can fulfil its primary mission, namely, making money for its shareholders and managers.

Over 1,300 Tubes Damaged at California Nuclear Plant (adam)

The statement comes just days after an Edison executive said the company hopes to restart at least one of the twin reactors next month. The company is drafting a plan under which the reactors would run at reduced power, at least for several months, because engineers believe that will solve a problem with vibration that the company believes has been causing unusual wear in the alloy tubing.


Hot Particles and Measurement of Radioactivity (Mr. Fri)

Fairewinds' Chief Engineer Arnie Gundersen and Boston Chemical Data Corporation’s Founder Marco Kaltofen have an in-depth conversation regarding the challenges of measuring radiation exposures to people around the globe. Kaltofen explains the scientific methodology involved in accurately analyzing and measuring radioactive releases from Fukushima Daiichi, including the impact of hot particles on human physiology.

Big Rise In North Pacific Plastic Waste (jdargis)

Normally, this might be seabird feathers, tar lumps or even pieces of pumice rock. But it is clear from the trawl results that H. sericeus has been greatly aided by the numerous plastic surfaces now available to it in the Pacific.

Article suggestions for the Daily Digest can be sent to [email protected]. 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."


saxplayer00o1's picture
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Poet's picture
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Posts: 1893
Re: 47 Signs That China...

Re: 47 Signs That China Is Absolutely Destroying America

Yes, but who's helping make that possible? From Nixon opening up relations, through Clinton granting Most Favored Nation status to China...

And of course all the businesses that wanted to sell to China, wanted to open up factories using cheap labor and zero environmental or safety regulations in China...

Is it the Chinese playing the hand they were dealt well, or the American business executives being greedy for the short-term and personal benefits to their company - that over the long haul, harms the American economy and the American middle class?

So many fingers point to China and blame the Chinese, even feeding the racism. But the person whose hand points a finger at another to lay blame, has three fingers pointing back at himself...


Bill Hicks's picture
Bill Hicks
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Posts: 34
49% Of Americans Aren't Saving For Retirement


This isn't good:

So what is the reason that so many people are being so neglectful in preparing for their future?
Nearly half of consumers said they aren't planning to contribute to an IRA because they can't afford to, and only a quarter of Americans have worked with a financial professional to plan for retirement, the survey found.

And my reaction:

In order to "work with a financial professional to plan for retirement" you gotta have something to plan WITH. If you don't have jack sh*t, you can't very well make a plan with it. What's maddening is just how much difficulty the mainstream media seems to have in grasping this basic concept.
srelf's picture
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Posts: 11
Re: 47 Signs That China...

 Yes, the facts are daunting, but don't tell t he whole picture. For example, this:

Damnthematrix's picture
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Joined: Aug 10 2008
Posts: 3998
hi mileage cars not allowed for sale in the US...


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