Daily Digest

Daily Digest 6/19 - Systemic Collapse, Generation Rent, The Relationship Between Hunger And Petroleum Consumption

Sunday, June 19, 2011, 10:47 AM
  • Systemic Collapse
  • Backlog of Cases Gives a Reprieve on Foreclosures
  • Funny, but I’ve Heard This Market Song Before
  • Generation Rent: How Our American Dream Is Different from Our Parents'
  • U.S. Home Sales Probably Dropped to Year’s Low
  • The Relationship Between Hunger And Petroleum Consumption
  • Japan Strains to Fix a Reactor Damaged Before Quake 

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Economy

Systemic Collapse (Guy M.)

Not to put too fine a point on it, but this is what systemic collapse looks like. We’re awash in tell-tale interactions between climate change, “natural” disasters, and the industrial economy. Fire and flood are both on the rise. We used to be able to exert a modicum of control over both phenomena, back when climate chaos wasn’t exploding and the industrial economy wasn’t imploding.

On the other hand, we used to contain nuclear power within nuclear power plants, too. Well, except the occasional Hiroshima and Chernobyl.

Backlog of Cases Gives a Reprieve on Foreclosures (jdargis)

In the 27 states where the courts play no role in foreclosures, the pace is much more brisk — three years in California, two years in Nevada and Colorado — but the dynamic is the same: the foreclosure system is bogged down by the volume of cases, borrowers are fighting to keep their houses and many lenders seem to be in no hurry to add repossessed houses to their books.

Funny, but I’ve Heard This Market Song Before (jdargis)

In a telephone interview, Laszlo Birinyi, the veteran market strategist, said he selected those headlines to make a point. “If you feel you’ve seen this before, well, you have,” he said. “The market is in a correction — but so what? We’ve had about five corrections of one kind or another in this bull market. It’s not the end of the world.”

Generation Rent: How Our American Dream Is Different from Our Parents' (jdargis)

One of the most depressing news stories I've read in the last few years is one asserting that the Millennial generation will be the first to be worse off than their parents. This factors in salaries, health costs, and social security, but also our prospects (or lack thereof) of ever Owning A Home, that classic American declaration of independence. Recent numbers are sketching out a harsh reality: that our hopes of owning property may be unrealistic, and that we will become a generation of renters in the next few decades.

U.S. Home Sales Probably Dropped to Year’s Low (jdargis)

A jobless rate hovering around 9 percent means it will take years to absorb the 1.8 million distressed properties on the market that are weighing down home values, one reason why Federal Reserve policy makers are likely to maintain record stimulus when they meet this week. Manufacturers, on the other hand, may soon recover from the supply disruptions following the disaster in Japan and help underpin the world’s largest economy.

Energy

The Relationship Between Hunger And Petroleum Consumption (Crash_Watcher)

One of the problems I have had when trying to relate population growth/decline to rates of petroleum consumption is that at some point, a country or region gets food-aid from other countries or regions to prevent what would otherwise be famine and death. This is the way, I think, that some countries, like Ethiopia, can continue to have very low levels of petroleum consumption (e.g., <0.2 b/py) but still have population growth at 3% per year.

Is this an insane, unsustainable arrangement? Why, yes, I think so, but that is the arrangement that presently exists for many of the poorest countries of the world.

Japan Strains to Fix a Reactor Damaged Before Quake (guardia)

Three hundred miles southwest of Fukushima, at a nuclear reactor perched on the slopes of this rustic peninsula, engineers are engaged in another precarious struggle. The Monju prototype fast-breeder reactor — a long-troubled national project — has been in a precarious state of shutdown since a 3.3-ton device crashed into the reactor’s inner vessel, cutting off access to the plutonium and uranium fuel rods at its core.

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."

26 Comments

nawalters's picture
nawalters
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Media Blackout.....Nebraska Nuke plant coolant problem

Hey Martenson watchers

Check out this link I found browsing the web this afternoon.    Anyone see this in the trenches??

http://www.dailypaul.com/168252/fort-calhoun-nuclear-power-plant-omaha-n...

Isn't this just too scary?  

 

 

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nawalters
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Media Blackout.....Nebraska Nuke plant coolant problem

Also did some digging.....found this TFR (pilot term for Temporary Flight Restriction)

http://tfr.faa.gov/save_pages/detail_1_6523.html

FYI, these places are usually no fly zones anyway.  So why was this issued on June 6th?  hmmm

 

JohnDoe2b's picture
JohnDoe2b
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Unbelievable

And they're surprised that no sane person believes the Warren Report !

melissap's picture
melissap
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daily paul

I find it curious that Ron Paul gives more credence to the Russian government than his own.

nawalters's picture
nawalters
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Media Blackout.....Nebraska Nuke plant coolant problem

Found another link folks....this video squeaked thru, but note they say the plant knew weeks ahead of the river flooding....so they did a cold shut down.

Well, if anyone has been reading all of Chris' Fukushima materials here, they'd realize it's the same cover up propaganda...and the spent fuel pools are still very hot and have issues beyond what the "officals" call a cold shut down.  NEBRASKA BE ALERT !!!

http://www.kfab.com/pages/2011Flood.html

See the video clip with the power plant picture on it.....it's a minute or so into it, where they mention Fort Calhoun.

 

JohnDoe2b's picture
JohnDoe2b
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CNN censorship ?

I tried several times to post the youtube links to the level 4 Fort Calhoun accident  on CNN's website   and have been censored each time. It has never happened to me before and I'm wondering if we are living in China right now.

 http://www.cnn.com/2011/US/06/19/missouri.flooding/index.html?npt=NP1

nawalters's picture
nawalters
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daily paul

melissap,

CM's site isn't very political, as I'm sure you are aware,  but it's good to question everything we read these days.  And I believe the article came from a source in Pakistan, which is more curious.  How do they know??   The article also mentions the IAEA, so who knows.

FYI....

If you want to study why Ron Paul questions his own government, try reading his book "Ron Paul- Revolution".    It'll make perfect sense.

Sincerely seek the truth in everything.  Good hunting.

Damnthematrix's picture
Damnthematrix
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credence to the Russian government
melissap wrote:

I find it curious that Ron Paul gives more credence to the Russian government than his own.

I don't!

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Denny Johnson
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melissap wrote: I find it
melissap wrote:

I find it curious that Ron Paul gives more credence to the Russian government than his own.

From the Daily Paul site:

Content on the Daily Paul is the opinion of the original poster, not necessarily of the Daily Paul, its owner, moderators or Ron Paul.

nawalters's picture
nawalters
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media Blackout.....Nebraska Nuke plant coolant problem

one more post :

Here's a You tube link....good stuff from Arnie Gunderson on Fort Calhoun plant..... 3 parts.....

As goes Japan, so goes USA.....

ao's picture
ao
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RIP Big Man

Very sad that we'll never hear those incredible sax solos live again: 

4:19-7:10

 

http://www.charter.net/news/read.php?rip_id=%3CD9NUM3LG1%40news.ap.org%3E&ps=1016

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
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This is not news anymore
nawalters wrote:

one more post :

Here's a You tube link....good stuff from Arnie Gunderson on Fort Calhoun plant..... 3 parts.....

As goes Japan, so goes USA.....

nawalters -

It's okay to relax.  Arnie's clips are old - the footage is at least a week old.  For all of the good info Arnie has put out, he is starting to get really shrill over Fort Calhoun.

More current info:  http://www.reuters.com/article/2011/06/17/us-flooding-nuclear-idUSTRE75G4Z120110617

The current flood barriers at Fort Calhoun are 15 feet higher than the projected crest.  Which is about 3 feet away from current levels.

This really isn't news anymore.

The College World Series is.

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
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Maybe not live, but with the Dead....
ao wrote:

Very sad that we'll never hear those incredible sax solos live again: 

4:19-7:10

 

http://www.charter.net/news/read.php?rip_id=%3CD9NUM3LG1%40news.ap.org%3E&ps=1016

While I'm not a big fan of '80s Dead, Clarence sat in on some killer shows in '89.  Man, could that cat blow......

Track 17 is pure magic...Jerry backs off at about 2:40 and the two of them start weaving a masterpiece tapestry of sound.

http://www.archive.org/details/gd1989-12-06.sbd.aquafredda.7446.shnf

ao's picture
ao
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very punny
Dogs_In_A_Pile wrote:

[Track 17 is pure magic...Jerry backs off at about 2:40 and the two of them start weaving a masterpiece tapestry of sound.

Thanks.  Good stuff. 

guardia's picture
guardia
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Re: This is not news anymore
Dogs_In_A_Pile wrote:

It's okay to relax.  Arnie's clips are old - the footage is at least a week old.  For all of the good info Arnie has put out, he is starting to get really shrill over Fort Calhoun.

Are you telling us that the plant will be alright even if a couple of dams fail? Because they never fail right? We never have magnitude 9.0 earthquakes either, and black swans don't exist... and OMG, Michael Jackson is alive! This is all a conspiracy!Foot in mouth

Samuel

Doug's picture
Doug
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ao wrote: Very sad that
ao wrote:

Very sad that we'll never hear those incredible sax solos live again: 

4:19-7:10

 

http://www.charter.net/news/read.php?rip_id=%3CD9NUM3LG1%40news.ap.org%3E&ps=1016

I was quite saddened to hear this news.  I've been a Boss fan since the mid 70's.  Clarence's solo on Jungleland is one of my all-time favorites.

Doug

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Doug
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Is PM trading going to be limited?

Has anyone seen this or have a take on what its going to mean for retail PM buyers?  I would think that any disruption anywhere in the metal markets would have ripple effects throughout the markets.

http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15

Quote:

From: FOREX.com <[email protected]>
Date: Fri, Jun 17, 2011 at 6:11 PM
Subject: Important Account Notice Re: Metals Trading
To: xxx

Important Account Notice Re: Metals Trading

           
We wanted to make you aware of some upcoming changes to FOREX.com’s product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011.

In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET.

We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated.

We sincerely regret any inconvenience complying with the new U.S. regulation may cause you. Should you have any questions, please feel free to contact our customer service team.

Sincerely,
The Team at FOREX.com      

Here's a follow-up.

http://www.zerohedge.com/article/another-broker-halts-trading-gold-and-silver-products

Quote:

CMC Markets, a broker out of Australia which offers Contracts For Difference (CFDs), has just formally joined the increasingly larger group headed by Forex.com (discussed on Saturday) which is now advising customers that gold and silver trading will be prohibited in a month. Specifically, CMC has said that beginning July 29, it will no longer offer nor roll any of its existing gold and silver CFDs. What is curious is that unlike Forex.com, which advised clients it is halting comparable trading on July 25 as pertains to spot OTC products (XAU and XAG), CMC's halt is impacting gold and silver futures. While we still are not confident we understand precisely what span of products is prohibited by Dodd-Frank, it appears that ever more brokers are interpreting the law loosely enough to where practically all gold and silver products will soon be removed from retail participation. Readers, however, can rest assured that the CFTC, which is urgently delaying any of the Frankendodd provisions that impair Wall Street bottom lines, will not move a finger to address or resolve this issue which will suddenly affect millions of retail investors in the US, and around the world.

It appears to be directed at futures markets, but I don't have specific understanding of what's going on.  If its serious enough I may take distribution of my PM IRAs to make sure I have the metal.

Doug

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
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Why Not Cooper Nuclear?
guardia wrote:
Dogs_In_A_Pile wrote:

It's okay to relax.  Arnie's clips are old - the footage is at least a week old.  For all of the good info Arnie has put out, he is starting to get really shrill over Fort Calhoun.

Are you telling us that the plant will be alright even if a couple of dams fail? Because they never fail right? We never have magnitude 9.0 earthquakes either, and black swans don't exist... and OMG, Michael Jackson is alive! This is all a conspiracy!Foot in mouth

Samuel

Rising flood waters contained within a levee system are not dam failures.  There would be cause for concern if Gavins Point, Fort Randall, Big Bend AND Oahe all failed.  At the same time.

Why not add giant asteroids to your list of things to worry about?

The post was in response to nawalters' - where he stated in the post title that there were coolant problems at Fort Calhoun - there aren't any collant problems.  The article he linked to is a complete load of sensationalist garbage (despite being hung on "The Daily Paul").  Just how did the "Russian atomic scientists" confirm the release of radioactive gasses at Fort Calhoun????  You get the point.

What I find very interesting is how Arnie locked on to Fort Calhoun (where the plant is shutdown and the floodwater level isn't currently a threat) and didn't say a thing about Cooper Nuclear Station down river in Brownsville - where the river is still rising and the plant is still operating iaw established procedures.  Last I checked, the river was at 896 feet above sea level and the plant doesn't get shutdown until the river level hits 902 feet - the crest is expected at 899 feet.  Procedures are written to be followed and are developed over years of observation and collection of data.  To the average person not familiar with procedural compliance a margin of 3 feet might not seem like much - but that would be because they have little to no understanding of the dynamics of riverine hydrographics.

Or we could shutdown the plant(s) every time it rained upriver in Montana?

There's a guy who hangs out on theis site every now and then who urges us to do our own research and form our own opinions and conclusions.  Just because you can find an article on the internet doesn't mean it's accurate and true.

I mean, c'mon, we all know the big bad main stream media invents things to continue herding the sheeple towards our doom (I think I got that mantra right), but the "well researched" articles written by independent sources certainly would never skew the truth? 

Especially if you already agreed with them..........

But I would get more than a little excited if you told me Jerry Garcia was still alive.  Laughing

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Repost from AG Interview Thread

Dogs,

I posted the below on another thread and would be curious to know your thoughts.  Will Davis is firmly in the pro-nuclear energy camp and his technical analysis has always seemed sensible, if a little callous in his his unwillingness to consider (at least publicly) the human costs of the Fukushima disaster.

What are your impressions about the difficulties with the conaminated water processing efforts that started Saturday but had to be shut down within five hours due to filter radiation limits being exceeded (as always, apologies for shaky technical terminology/understanding) according to reports via the EX-SKF blog.?  To be expected teething problems or prelude to complete failure, I wonder.

Debu

Earlier post:

There is a bit of takedown of Arnie Gundersen by Will Davis at The Atomic Power review blog in his post of June 17.

There has been so much MISinformation printed and televised and radio-waved about Fukushima Daiichi that many of us don't even know where to begin to tackle it all.

Implying AG, he goes on to specifically mention:

...disgruntled former nuclear industry execs, and perhaps some "Access Terminated After Failing Readiness For Duty Test" types too, also fill out the TV / radio / newspaper articles with such stupidity as the recent assertion that there was prompt criticality achieved in Fukushima Daiichi's spent fuel pools.

http://atomicpowerreview.blogspot.com/20...

Oh, dear.  Who is a layman to believe?

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
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Growing Pains
debu wrote:

Dogs,

I posted the below on another thread and would be curious to know your thoughts.  Will Davis is firmly in the pro-nuclear energy camp and his technical analysis has always seemed sensible, if a little callous in his his unwillingness to consider (at least publicly) the human costs of the Fukushima disaster.

What are your impressions about the difficulties with the conaminated water processing efforts that started Saturday but had to be shut down within five hours due to filter radiation limits being exceeded (as always, apologies for shaky technical terminology/understanding) according to reports via the EX-SKF blog.?  To be expected teething problems or prelude to complete failure, I wonder.

Debu

Earlier post:

There is a bit of takedown of Arnie Gundersen by Will Davis at The Atomic Power review blog in his post of June 17.

There has been so much MISinformation printed and televised and radio-waved about Fukushima Daiichi that many of us don't even know where to begin to tackle it all.

Implying AG, he goes on to specifically mention:

...disgruntled former nuclear industry execs, and perhaps some "Access Terminated After Failing Readiness For Duty Test" types too, also fill out the TV / radio / newspaper articles with such stupidity as the recent assertion that there was prompt criticality achieved in Fukushima Daiichi's spent fuel pools.

http://atomicpowerreview.blogspot.com/20...

Oh, dear.  Who is a layman to believe?

debu -

I have been reading Will Davis for awhile now - it tempers the emotion that is starting to creep into Arnie Gunderson's updates.  Davis is a good read.  I emailed Adam and Chris and suggested they have him as a guest.  Not much to be said for his callousness - considering the potential human cost does nothing to address the immediate concerns for stabilization of the situation.  I don't doubt he understands the potential human costs, but when the barn is on fire, spending time worrying about why the fire started and where the horses are going to sleep is secondary to putting the fire out.

Davis is 100% correct on his derision of the reports of prompt criticality in spent fuel pools.  Prompt criticality is when a fission reaction is sustained on the generated population of fast neutrons alone.  That will not and cannot happen in a spent fuel pool.  Spontaneous fission and localized, short term criticality?  Yes.  Prompt criticality?  Absolutely not.

As far as the contaminated water processing efforts - at this point I think there are going to be growing pains.  As I have stated many times before, these guys are in uncharted waters.  The fact that they are starting this processing a little over three months after the accident is a pretty impressive technological and engineering accomplishment.  Of course not fast enough for the antis out there, but since when has reality and technical, physical constraints ever stopped the second guessers from piling on?

I am surprised that it was radiation levels that shut them down first.  I figured it would be clogged filters due to the large amount of debris that would also get picked up in the pumping stream.  Throw in the wrinkle that some of the particulate is going to be highly radioactive and you have yet another challenging dynamic to deal with.

I wouldn't pronounce the effort dead yet.  Besides, the Japanese officials don't really have the luxury of throwing up their hands and saying "I quit".  They have to deal with this problem and there will be growing pains associated with whatever new measures they employ.

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Re: Why Not Cooper Nuclear?
Dogs_In_A_Pile wrote:

The post was in response to nawalters' - where he stated in the post title that there were coolant problems at Fort Calhoun - there aren't any collant problems.  The article he linked to is a complete load of sensationalist garbage (despite being hung on "The Daily Paul").  Just how did the "Russian atomic scientists" confirm the release of radioactive gasses at Fort Calhoun????  You get the point.

Russian spies! I'm telling you, they're here to get us!!!! :)

Dogs_In_A_Pile wrote:

I mean, c'mon, we all know the big bad main stream media invents things to continue herding the sheeple towards our doom (I think I got that mantra right), but the "well researched" articles written by independent sources certainly would never skew the truth? 

I think that's their goal: Render our brains into mush so much that everything makes no sense at all..

Samuel

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John Steinsvold
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An Alternative to Capitalism (which we need here in the USA)
Several decades ago, Margaret Thatcher claimed: "There is no alternative". She was referring to capitalism. Today, this negative attitude still persists.
 
I would like to offer an alternative to capitalism for the American people to consider. Please click on the following link. It will take you to an essay titled: "Home of the Brave?" which was published by the Athenaeum Library of Philosophy:
 
http://evans-experientialism.freewebspace.com/steinsvold.htm
 
John Steinsvold
 
I think the person who takes a job in order to live - that is to say, for the money - has turned himself into a slave.
--Joseph Campbell
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Khannea
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Vandalism

Since at a low income stemming from disability, student debts, I cannot protect myself against a collapse. It's quite simple - if there is a collapse I go for tjose who have 'seceded' from their communities andhave started stockpiling, These people go first

  • vandalism of secessionista community resources
  • vandalism/arson of your secessionista property
  • looting 
  • outright attack.

If you think you are safe - you are not. Those who withdrew from the social contract using their headstart to build exclusive reserves - you are the first I'll come after.  Make sure that people like me are safe, and I won't. 

If you think guns will protect you, think again. People like me will be too desperate to care. Frankly I expect to die. 

Khannea's picture
Khannea
Status: Member (Offline)
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Posts: 8
Vandalism

Since at a low income stemming from disability, student debts, I cannot protect myself against a collapse. It's quite simple - if there is a collapse I go for tjose who have 'seceded' from their communities andhave started stockpiling, These people go first

  • vandalism of secessionista community resources
  • vandalism/arson of your secessionista property
  • looting 
  • outright attack.

If you think you are safe - you are not. Those who withdrew from the social contract using their headstart to build exclusive reserves - you are the first I'll come after.  Make sure that people like me are safe, and I won't. 

If you think guns will protect you, think again. People like me will be too desperate to care. Frankly I expect to die. 

Damnthematrix's picture
Damnthematrix
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Posts: 3998
New World Order
Khannea wrote:

If you think you are safe - you are not. Those who withdrew from the social contract using their headstart to build exclusive reserves - you are the first I'll come after.  Make sure that people like me are safe, and I won't. 

If you think guns will protect you, think again. People like me will be too desperate to care. Frankly I expect to die.

First.....  we all die.  It's HOW you check out that matters.

Two, I for one don't own guns.

Three, If you want to learn how to survive, send me a PM and I'll give you my address.  Come to Australia, and I'll give you a bed and food in exchange for some labour...

Mike

Doug's picture
Doug
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Posts: 3159
khannea

What is the nature of your disability that you are able to move about and commit violence without apparent problem?  And, since when won't a gun protect from "outright attack?"

Doug

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