Daily Digest

Daily Digest 9/26 - Food Security In The News, Groundwater Depletion Increasing Worldwide, Credit Unions Bailed Out

Sunday, September 26, 2010, 10:57 AM
  • Gold-Freedom versus The Cartel ‘End-Game’ & A Strategy for Surmounting It
  • Mauldin: Pushing on a String
  • Credit Unions Bailed Out
  • Bernanke Says U.S. Economic Growth Too Slow Even With Fed Bond Purchases
  • Fossils With a Bright Future
  • Sewage: A Solution For 'Peak Phosphorous'
  • Groundwater Depletion Rate Accelerating Worldwide
  • Why Is 'Food Security' Sparking Unrest?
  • UN Warned Of Major New Food Crisis At Emergency Meeting In Rome

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Economy

Gold-Freedom versus The Cartel ‘End-Game’ & A Strategy for Surmounting It (Claire H.)

One of the most serious threats posed by a global central bank and world fiat currency is the fact that it would allow the emerging planetary regime to print its own money and finance its activities independently. That means wealth could be secretly siphoned away from all of humanity to pay for armies, tax collectors, courts, bureaucracies, law enforcement, wealth redistribution, propaganda, and much more. With no limits. But to advocates of such a system, that is one of its primary benefits…

Mauldin: Pushing on a String (JRB)

This week the Fed altered their end-of-meeting statement by just a few words, but those words have a lot of meaning. It seems they are paving the way to a new round of quantitative easing (QE2), if in their opinion the situation warrants it. A trillion dollars of new money could soon be injected into the system. Tonight we explore some of the implications of a new round of QE. Let’s put our speculation hats on, gentle reader, as we are moving into uncharted territory. There are no maps, just theories, and they don’t all agree.

Credit Unions Bailed Out (cmartenson)

Regulators announced Friday a rescue and revamping of the nation's wholesale credit union system, underpinned by a federal guarantee valued at $30 billion or more. Wholesale credit unions don't deal with the general public but provide essential back-office services to thousands of other credit unions across the U.S. The majority of retail credit unions are sound, but they will have to shoulder the losses through special assessments over the next decade.

    Crash Course DVDThe Crash Course DVD, featuring live intros and outros by Chris (NTSC or PAL)

Bernanke Says U.S. Economic Growth Too Slow Even With Fed Bond Purchases (cmartenson)

We avoided what could have been a global meltdown,” Bernanke said. “But even so, we got a taste of how powerful a financial crisis is on real activity. That blow which knocked the world economy into a deep recession in the second half of ‘08 and the early ‘09, we are only recovering from that at a pace slower than we would like.

Energy

Fossils With a Bright Future (cmartenson)

Global producers see crude oil, coal and natural gas—often from unconventional sources—quenching the world's thirst for energy well into this century. Although climate change is a major concern, many executives and policy makers say the availability and affordability of energy will be the key focus in coming decades.

Environment

Groundwater Depletion Rate Accelerating Worldwide (cmartenson)

Soaring global groundwater depletion bodes a potential disaster for an increasingly globalized agricultural system, says Marc Bierkens of Utrecht University in Utrecht, the Netherlands, and leader of the new study.

"If you let the population grow by extending the irrigated areas using groundwater that is not being recharged, then you will run into a wall at a certain point in time, and you will have hunger and social unrest to go with it," Bierkens warns. "That is something that you can see coming for miles."

Sewage: A Solution For 'Peak Phosphorous' (cmartenson)

"Peak Phosphorous" could hit sooner and harder, threatening food supplies for half the Earth's population. Phosphorous is a fertilizing nutrient that is vital to large-scale agriculture, and currently it can only be mined, but supplies are growing shorter and shorter.

Fortunately, there may be a solution. Ostara, a Canadian-based company backed in part by environmental legend Robbert Kennedy Jr., has patented a technique to extract valuable chemicals out of the waste stream (i.e.: sewage).

Why Is 'Food Security' Sparking Unrest? (cmartenson)

Food security, in simple terms, is defined by the United Nations as food being available in sufficient quantities to reliably feed a nation's population.

UN Warned Of Major New Food Crisis At Emergency Meeting In Rome (Robert C.)

The UN's Food and Agriculture Organisation (FAO) meeting in Rome today was called last month after a heatwave and wildfires in Russia led to a draconian wheat export ban and food riots broke out in Mozambique, killing 13 people. But UN experts heard that pension and hedge funds, sovereign wealth funds and large banks who speculate on commodity markets may also be responsible for inflation in food prices being seen across all continents.

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."

4 Comments

idoctor's picture
idoctor
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Re: Daily Digest 9/26 - Food Security In The News, ...

At least we are officially out of Resession.....LOL

Sept. 25, 2010, 1:53 p.m. EDT ·

2 more banks fail; U.S. tally at 127

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By Ruth Mantell, MarketWatch

WASHINGTON (MarketWatch) — The Federal Deposit Insurance Corp. announced two bank closures on Friday, brining the U.S. tally this year to 127.

In Ponte Vedra Beach, Fla., officials closed the Haven Trust Bank Florida. First Southern Bank in Boca Raton, Fla., will assume all of the deposits at Haven Trust. As of June 30, Haven Trust had about $148.6 million in total assets and $133.6 million in total deposits. Depositors of Haven Trust have automatically become depositors of First Southern Bank.

In Arlington, Wash., officials closed North County Bank. Whidbey Island Bank in Coupeville, Wash., is assuming all of North County’s deposits. As of June 30, North County Bank had about $288.8 million in total assets and $276.1 million in total deposits. North County depositors will automatically become Whidbey Island depositors. 

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rjs
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Re: Daily Digest 9/26 - Food Security In The News, ...

Could peak oil save the human species? Enter Guy McPherson, conservation biologist, climate scientist and blogger, who despite his gloomy outlook about the prospects for industrial civilization--he thinks it could disappear within his lifetime--regards himself as an optimist

 I asked McPherson, who gave a talk this weekend near where I live, what would change his mind about the trajectory of industrial civilization. He answered that the discovery of a miraculous, cheap, easily scalable new energy source would probably allow our current arrangements to persist for a while longer. But such a development would be a death sentence for the human race since it would lead to the total destruction of the life support systems we rely on, systems which are only seriously crippled now. It would result in further population overshoot, resource depletion including that of soil and water, and further destruction of species we rely on for our well-being.

He likened what we are doing now to constructing an extra floor on the top of a 30-story brick structure using bricks pulled from the lower floors. We are engaging in the "world's largest game of Jenga" with the building blocks of our existence.

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idoctor
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Hugh Hendry

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Woodman
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Re: Daily Digest 9/26 - Food Security In The News, ...

As someone working in the wastewater treatment industry, my first reaction to that article on collecting phosphorus from sewage was it was bogus since it lacked any technical details on the process or economics.  Also, a 500 ton/year plant sounds pretty small compared to the 4.5 Mton/year consumption in the US per this source:

http://pubs.usgs.gov/fs/fs155-99/fs155-99.html

A quick search revealed others are actually looking at phosphorus recovery for nutrients for crops.  This article for example has more details to back it uP:

http://www.lsuagcenter.com/en/communications/publications/agmag/Archive/2010/spring/Lime-Precipitation-and-Phosphorus-Removal-from-Dairy-Wastewater.htm

The US and other countries are placing more and more stringent regulations on micronutrients such as phosphorus and are designing and building very expensive tertiary treatment processes to remove it.  Another example of increasing complexity in society!

The best long term solutions I see rather than building expensive treatment processes are: 1.  reduce the introduction of phosphorus into wastewater to begin with, and 2. reduce consumption of phosporus.

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