Daily Digest

Daily Digest 5/26 - Inside Gadhafi's Surveillance Network, China Finally Slows Growth, What Superweeds Can Teach You

Saturday, May 26, 2012, 10:56 AM
  • Illegalities
  • Jamming Tripoli: Inside Moammar Gadhafi’s Secret Surveillance Network
  • After Barreling Ahead in Recession, China Finally Slows
  • Part 10: Inter-Regional Trade Movements of Petroleum to and from Japan
  • Greasing the Wheel: Oil’s Role in the Global Crisis
  • What Superweeds Can Teach You

Follow our steps to prepare for a world after peak oil, such as how to store & filter water

Economy

Illegalities (Thomas C.)

On May 13, 2008, the CFTC published a 16 page public response to my allegations of an ongoing manipulation in silver by means of a concentrated short position. The response was based upon silver market activity through the end of 2007, thereby conveniently sidestepping the drama that occurred through March 2008 when the biggest silver short in the market, Bear Stearns, failed and needed to be rescued with taxpayer assistance (Federal guarantees given to JPMorgan). The May 13, 2008 report from the CFTC went into great lengths in explaining there was nothing amiss on the short side of silver, even though the Commission knew that two months before the report was issued, the biggest concentrated short had failed and needed to be rescued by taxpayers. A lie by omission is no less of a lie.

Jamming Tripoli: Inside Moammar Gadhafi’s Secret Surveillance Network (jdargis)

It was February 10, 2011, and Libya was in an uproar. Two months earlier, in neighboring Tunisia, a street vendor named Mohammed Bouazizi had set himself on fire after a policewoman beat him and confiscated his wares. It was the beginning of the Arab Spring, a series of uprisings, revolutions, and civil wars that would radically alter the politics of the Middle East. In Libya, opponents of the Gadhafi regime had called for a day of protest on February 17, to mark the anniversary of a 2006 protest in the city of Benghazi, where security forces had killed 11 demonstrators and wounded dozens more.

After Barreling Ahead in Recession, China Finally Slows (jdargis)

A deepening slowdown would ripple across the world economy. Until now, China’s economy barreled ahead mostly unhindered as the main engine of global growth, even as Europe struggled with its government debt crisis and the United States limped along with a crippled housing market.

Energy

Part 10: Inter-Regional Trade Movements of Petroleum to and from Japan

Japan’s growing dependence on petroleum imports from the Middle East, a region whose total petroleum exports have been flat for the past several years, and whose exports appears to be shifting towards China and the remaining Asia Pacific region (see e.g., Figure 10 in Part 7), does not bode well for Japan having a reliable import source upon which to depend. Indeed, troubles in the Middle East involving a loss of petroleum exports would be a disaster for Japan as 70 percent of its total petroleum imports must travel through the Strait of Hormuz.

Greasing the Wheel: Oil’s Role in the Global Crisis (Ernest W.)

Between January 2002 and August 2008, the nominal oil price rose from $19.7 to $133.4 a barrel. This led to a large increase in oil revenues for oil exporters and a deterioration of the current account for oil importers (Figure 1). Between 2002 and 2006, net capital outflows from oil exporters grew by 348%, becoming the largest global source of net capital outflows in 2006 (McKinsey 2007). Capital outflows from oil exporters therefore played an important role in the global liquidity glut during the build-up to the US subprime crisis.

Environment

What Superweeds Can Teach You (Dagny)

The same genetic modifications that made useful crops immune to Roundup have migrated into the genetic code of the weeds that were sprayed with it. Now, 20 species of weeds across 12 million acres of farmland (about 8% of all US farmland) are resistant to Roundup. Further, given current rates of growth, most of US farmland will have them too in five years.

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."

8 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1513
Fukushima: different perspective

Here's a fascinating and different perspective on Fukushima going forward.  Terrifying too.

http://www.cringely.com/2012/05/24/the-next-japanese-nuclear-accident-its-inevitable-will-be-even-worse/ 

es2's picture
es2
Status: Bronze Member (Offline)
Joined: Dec 31 2010
Posts: 68
Good selection of daily articles here

There's a good number of articles here, bookmark this for daily use:
http://www.caseyresearch.com/gsd/home#subnode-section-critical_read

5/10/12: How Wall Street Killed Financial Reform
It's bad enough that the banks strangled the Dodd-Frank law. Even worse is the way they did it - with a big assist from Congress and the White House.

This is a multi-page essay, Read more: http://www.rollingstone.com/politics/news/how-wall-street-killed-financi...

5/22/12: MF Global - Six Billion Dollar Bet (a continuation of Money, Power, and Wall Street)
http://www.pbs.org/wgbh/pages/frontline/mf-global-six-billion-dollar-bet/

4/24 & 5/1/12: Money, Power, & Wall Street
http://www.pbs.org/wgbh/pages/frontline/money-power-wall-street/

woomera's picture
woomera
Status: Bronze Member (Offline)
Joined: Nov 8 2008
Posts: 44
Stock Market Crash Alert?

G'Day,

I'm not sure if this is true...possibly only the Bundesbank officers would know:

http://www.marketoracle.co.uk/Article34865.html

"Greece may have only a 46-hour window of opportunity should it need to plot a route out of the euro."

Regards,

Woomera

 

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
thc0655 wrote: Here's a link
thc0655 wrote:

Here's a fascinating and different perspective on Fukushima going forward.  Terrifying too.

http://www.cringely.com/2012/05/24/the-next-japanese-nuclear-accident-its-inevitable-will-be-even-worse/ 

for a reason i cant determine your link didnt work; i'll try this:

I, Cringely » Blog Archive Next Japanese nuclear accident will be even worse - Cringely on technology

 

 

DustinBrown's picture
DustinBrown
Status: Member (Offline)
Joined: Sep 15 2010
Posts: 12
Newedge Leaves Greek Stock Market, Will Only Execute Sell Orders

 http://www.zerohedge.com/news/newedge-leaves-greek-stock-market-will-only-execute-sell-orders

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2237
rjs wrote: thc0655
rjs wrote:
thc0655 wrote:

 

Here's a fascinating and different perspective on Fukushima going forward.  Terrifying too.

http://www.cringely.com/2012/05/24/the-n...

 

 

for a reason i cant determine your link didnt work; i'll try this:

I, Cringely » Blog Archive Next Japanese nuclear accident will be even worse - Cringely on technology

 

Thanks for the link, thc0655 and rjs (I also had problems with the original link).  Interesting read, and, unfortunately, a believable interpretation of the kind of  non-reality based thinking that may be in play in dealing with Fukushima.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4064
Investors flee Spanish debt amid bank bailout fears

 

"Rajoy sought to calm investors after the distressed lender Bankia pleaded for the biggest state rescue in Spanish history.

But Spain's sovereign debt risk premium -- the extra return investors demand to hold Spanish bonds over their safer German counterparts -- leapt to a euro-era record of 514 basis points.

"With a risk premium at 500 points, it is very difficult to raise finances," Rajoy told a news conference.

He played down the repercussions of Bankia's troubles, saying it would have no impact on efforts to trim the public deficit and denying that it had undermined confidence in Spanish sovereign debt.

The Spanish leader reiterated his government's line that it will not seek a foreign bailout.

But Bankia's request Friday for 19 billion euros ($24 billion) in state funds nevertheless raised concerns over the entire sector as reports circulated that other banks could need another 30 billion euros."

Bankia's Writedowns Cast Doubts on Spain's Bank Estimates

Shares in Spain's Bankia plunge on bailout plan

A Run on Greek Banks? Today? 

China Stimulus May Be 2 Trillion Yuan, Credit Suisse Says
 

 

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Fukushima: different perspective
thc0655 wrote:

Here's a fascinating and different perspective on Fukushima going forward.  Terrifying too.

http://www.cringely.com/2012/05/24/the-next-japanese-nuclear-accident-its-inevitable-will-be-even-worse/ 

> " the probability of an earthquake of 7.0 magnitude or greater in the region during the next three years is now 90 percent."

In the region maybe, but the map shows in the area off Fukushima Prefecture the probability of "around 7.4" is only 10%, so the extrapolation to a 10 year timeframe which he claims is "virtually 100 percent" is actually more like 30%. Thus are good stories made out of twisted statistics.

Go to the website and you'll find EVERY story he writes is earth-shattering.

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