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    Daily Digest 10/20 – The Military Industrial Complex Has Won, Why Central Bankers Got Serious About Digital Cash

    by Daily Digest

    Tuesday, October 20, 2020, 1:39 PM

Economy

Iran To Import North Korean missiles In 25-Year Military Deal With China (ms)

Following the end on the 18th of October of the 13-year United Nations’ embargo on Iran buying or selling weapons, the roll-out of the military component of the 25-year deal between China and Iran will begin in November, as exclusively revealed by Oil Price.com. After a series of meetings in China on the 9th and 10th of October between Iran’s Foreign Minister, Mohammad Zarif, and his China counterpart, Wang Yi, this military component may now also feature the deployment in Iran of North Korean weaponry and technology, in exchange for oil, according to sources very close to the Iranian government spoken to by OilPrice.com last week.

The Military Industrial Complex Has Won (newsbuoy)

When Americans think of militarism, they may imagine jackbooted soldiers goose-stepping through the streets as flag-waving crowds exult; or, like our president, they may think of enormous parades featuring troops and missiles and tanks, with warplanes soaring overhead. Or nationalist dictators wearing military uniforms encrusted with medals, ribbons, and badges like so many barnacles on a sinking ship of state.

Exhaled CO2 as COVID-19 infection risk proxy for different indoor environments and activities (newsbuoy)

CO2is co-exhaled with aerosols containing SARS-CoV-2 by COVID-19 infected people and can be used as a proxy of SARS-CoV-2 concentrations indoors. Indoor CO2measurements by low-cost sensors hold promise for mass monitoring of indoor aerosol transmission risk for COVID-19 and other respiratory diseases. We derive analytical expressions of CO2-based risk proxies and apply them to various typical indoor environments. Contrary to some earlier recommendations setting a single indoor CO2 threshold, we show that the CO2 level corresponding to a given infection risk varies by over 2 orders of magnitude for different environments and activities. Although large uncertainties, mainly from virus exhalation rates, are still associated with our infection risk estimates, our study provides more specific and practical recommendations for low-cost CO2-based indoor infection risk monitoring.

Why Central Bankers Got Serious About Digital Cash (jw)

What central banks once sneered at, they’re now scrambling to master. Back when Bitcoin, the world’s first cryptocurrency, was seen as the province of anarchists and drug dealers, it was easy for the world’s central bankers to keep their distance. That changed in a hurry after Facebook Inc. proposed creating its own digital currency, Libra. Suddenly, the concept was seen as both practical and as a potential threat to existing monetary regimes. The central banks of China, the euro area, the Bahamas and others have been experimenting in the field, while others, including the U.S. Federal Reserve and Bank of England, are conducting research but not plunging in, at least for now.

Parents overdose with 2-year-old daughter in the back seat (thc0655)

NASHVILLE, Tenn. (WKRN) — While the debate over COVID-19 rages, the opioid epidemic continues to ravage communities from coast to coast.

On Friday, the Metro Health Department released some shocking statistics about the lethality of this other pandemic. According to the agency, the death toll from overdoses this year in just the first nine months has already eclipsed the death toll for the entire year in 2019.

Energy

U.S. Renewable Energy Consumption Hits Record (ms)

Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019, with wind energy and wood and waste energy each accounting for 24 percent of all renewable energy used in America, the Energy Information Administration (EIA) said on Monday.

Last year, U.S. consumption of renewable energy reached a record 11.5 quadrillion British thermal units (Btu), or 11 percent of total U.S. energy consumption, the EIA has estimated.

Offshore Oil & Gas Poised For A Major Rebound (ms)

In a year marked by huge spending cuts across the oil and gas industry amid urgently revised budgets and slashed investments, some analysts are now expecting a light at the end of this tunnel, at least offshore. From next year, Rystad Energy expects offshore oil and gas investments to rebound, but there will be a tectonic shift, with nearly half of that investment going to floating production and storage.  Earlier this month, Rystad reported that Chinese shipyards are preparing for an increase in new orders for floating production, storage, and offloading vessels beginning next year.

ConocoPhillips Doubles Down On The Permian Basin And Fracking With Concho Acquisition (jw)

As anticipated, ConocoPhillips COP -6.1% announced Monday morning that it has agreed to a deal to acquire big independent Permian Basin producer Concho Resources in an all-stock transaction valued at $9.7 billion. As such, it represents the largest U.S. shale-focused acquisition thus far in 2020, far surpassing the $5 billion Chevron CVX -0.9% paid to acquire Noble Energy NBL +1.4% in July.

As Oil Bankruptcies Surge, Vulture Investors Start Their Long Feast

Bankruptcies abound in America’s oilpatch. So far this year 40 oil exploration and production companies have gone under, according to analysis from lawfirm Haynes & Boone, involving $54 billion in debt. The biggest failure so far, with $11.8 billion in debt remains Chesapeake Energy CHK -2.1%. More Chapter 11s are coming, says corporate restructuring attorney Ken Coleman at Allen & Overy, and “that’s a good thing,” he says, because it will mean that management teams are finally accepting of the new reality of oil prices stuck at $40/bbl amid a continuing supply glut and pandemic-weakened demand.

Gold & Silver

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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.”

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22 Comments

  • Wed, Oct 21, 2020 - 4:29pm

    #1
    westcoastjan

    westcoastjan

    Status: Silver Member

    Joined: Jun 04 2012

    Posts: 502

    5

    Best ten minutes spent in a long time...

    A nice short break from the negativity & adversity

     

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  • Thu, Oct 22, 2020 - 9:03am

    #2
    DennisC

    DennisC

    Status: Bronze Member

    Joined: Mar 19 2011

    Posts: 198

    0

    Strictly for Academic Interest

    If anyone is interested in reading some good legal roundabout, whilst eating your tuna salad sandwich and drinking a good imported pilsner, in front of your computer, check out this deposition.  The fun starts around page eight regarding what the definition of a "female" is (kind of like what the definition of "is" is).  I didn't make it to the end (and you probably won't either).

    (source)

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  • Thu, Oct 22, 2020 - 3:00pm

    #3
    VeganDB12

    VeganDB12

    Status: Silver Member

    Joined: Jul 18 2008

    Posts: 250

    1

    1600 subject Long Hauler symptom survey (self report)

    The long hauler support groups are a real silver lining to this pandemic.  They have done an enormous amount of work to help each other and collect data while the system tends to the sickest amongst symptomatic covid 19 patients.

    Summary: long haulers are largely middle aged women,  symptoms affect all age groups, over 90 percent of people infected in March/April (who developed long haul) still have some symptoms at this time. Fatigue, which is described as "being hit by a truck and chloroformed", and neurologic symptoms, are the complaints most commonly reported as affecting quality of life.  I think it is a nice analysis, from a mostly organic self help system.

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  • Fri, Oct 23, 2020 - 8:37am

    #4

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

    Posts: 2476

    10

    Ivermectin Reduced Mortality in Late Stage COVID

    From the excellent website, c19study.com

    c10study.com contains a compilation of the studies on HCQ, Ivermectin, Vita D and a few others.  The tab on Ivermectin points out a recent peer reviewed study in Chest showing significant reduction in mortality when ivermectin was given even LATE.  (Chest is the journal of the thoracic surgery specialty.)

    Rajter et al., Chest,    doi:10.1016/j.chest.2020.10.009 (Peer Reviewed)

    Use of Ivermectin is Associated with Lower Mortality in Hospitalized Patients with COVID-19 (ICON study)

    Retrospective 280 hospitalized patients showing lower mortality with ivermectin (13.3% vs 24.5%), propensity matched odds ratio OR 0.47 [0.22-0.99], p=0.045.

    death, ↓46.0%, p=0.04
    (odds ratio converted to relative risk)

    ----

    Source

    Abstract

    Ivermectin was shown to inhibit SARS-CoV-2 replication in-vitro, which has led to off-label use....  Does ivermectin benefit hospitalized COVID-19 patients?

    Study Design

    and Methods: Charts of consecutive patients hospitalized at four Broward Health hospitals in Florida with confirmed COVID-19 between March 15 through May 11, 2020 treated with or without ivermectin were reviewed. Hospital ivermectin dosing guidelines were provided but treatment decisions were per treating physician’s discretion. [i.e.--Treatments were not standardized and were variable.]  The primary outcome was all-cause in-hospital mortality. Secondary outcomes included mortality in patients with severe pulmonary involvement, extubation rates for mechanically ventilated patients, and length of stay. Severe pulmonary involvement was defined as need for FiO2 ≥50%, noninvasive ventilation, or invasive ventilation at study entry. Logistic regression and propensity score matching were used to adjust for confounders.

    Results

    280 patients, 173 treated with ivermectin and 107 without ivermectin, were reviewed. Most patients in both groups also received hydroxychloroquine and/or azithromycin. Univariate analysis showed lower mortality in the ivermectin group (15.0% versus 25.2%, OR 0.52, CI 0.29-0.96, P=0.03).

    Mortality was also lower among ivermectin-treated patients with severe pulmonary involvement (38.8% vs 80.7%, OR 0.15, CI 0.05-0.47, p=0.001). There were no significant differences in extubation rates (36.1% vs 15.4%, OR 3.11 (0.88-11.00), p=0.07) or length of stay. After multivariate adjustment for confounders and mortality risks, the mortality difference remained significant (OR 0.27, CI 0.09-0.80, p=0.03). 196 patients were included in the propensity-matched cohort. Mortality was significantly lower in the ivermectin group (13.3% vs 24.5%, OR 0.47, CI 0.22-0.99, p<0.05); an 11.2% (CI 0.38%-22.1%) absolute risk reduction, with a number needed to treat of 8.9 (CI 4.5-263).

    Interpretation

    Ivermectin treatment was associated with lower mortality during treatment of COVID-19, especially in patients with severe pulmonary involvement. Randomized controlled trials are needed to confirm these findings

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  • Fri, Oct 23, 2020 - 9:01am

    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 111

    1

    Great resources sand puppy

    Great site and news on the ivermectin!

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  • Fri, Oct 23, 2020 - 11:39am

    Peggy

    Peggy

    Status: Bronze Member

    Joined: Mar 29 2020

    Posts: 59

    2

    Thanks so much Sand Puppy!

    Covid has taken a back seat to whats happening w the election and all, but its most certainly still with us. So appreciate this info!

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  • Fri, Oct 23, 2020 - 12:00pm

    #7

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 257

    0

    Good News Friday: Most Floyd Protests Peaceful

    https://www.latimes.com/california/story/2020-10-23/lapd-most-george-floyd-protests-peaceful

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  • Fri, Oct 23, 2020 - 12:31pm

    #8
    skipr

    skipr

    Status: Bronze Member

    Joined: Jan 09 2016

    Posts: 203

    2

    Most Fake Floyd Protests Not Peaceful

    https://www.startribune.com/charges-boogaloo-bois-fired-on-mpls-precinct-shouted-justice-for-floyd/572843802/

     

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  • Fri, Oct 23, 2020 - 6:13pm

    #9
    Nate

    Nate

    Status: Silver Member

    Joined: May 05 2009

    Posts: 480

    2

    career limiting decision for Van Morrison

    No more lockdown
    No more government overreach
    No more fascist police
    Disturbing our peace
    No more taking of our freedom
    And our God-given rights
    Pretending it's for our safety
    When it's really to enslave
    Who's running our country?
    Who's running our world?
    Examine it closely
    And watch it unfurl
    No more lockdown
    No more threats
    No more Imperial College
    Santas making up crooked facts
    No more lockdown
    No more pulling the wool over our eyes
    No more celebrities telling us
    Telling us what we're supposed to feel
    No more status quo
    Put your shoulder to the wind

    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown

    No more lockdown
    No more government overreach
    No more fascist police
    Disturbing our peace
    No more taking of our freedom
    And our God-given rights
    Pretending it's for our safety
    When it's really to enslave
    Who's running our country?
    Who's running our world?
    Examine it closely
    And watch it unfurl
    No more lockdown
    No more threats
    No more Imperial College Santas
    Making up crooked facts
    No more lockdown
    No more pulling the wool over our eyes
    No more celebrities telling us
    How we're supposed to feel
    No more status quo
    Gotta put your shoulder to the wind

    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown

    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown
    No more lockdown

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  • Sat, Oct 24, 2020 - 7:33am

    #10

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

    Posts: 2476

    6

    All Roads Lead to Dark Winter, Whitney Webb

    Whitney Web draws from broad sources and follows many strands seeking connections and patterns.  In a recent article at Unz Review she discusses Dark Winter.  (This is a dark conspiracy tale.)

    Yet, upon examining not only these biosafety incidents at Fort Detrick, but the 2001 Anthrax attacks and the current Covid-19 outbreak, another odd commonality stands out — high-level war games exercise took place in June 2001 that eerily predicted not only the Anthrax attacks, but also the initial government narrative of those attacks and much, much more.

    That June 2001 exercise, known as “Dark Winter,” also predicted many aspects of government pandemic response that would later re-emerge in last October’s simulation “Event 201,” which predicted a global pandemic caused by a novel Coronavirus just months before the Covid-19 outbreak. In addition, the U.S. government would lead its own multi-part series of pandemic simulations, called “Crimson Contagion,” that would also predict aspects of the Covid-19 outbreak and government response.

    Upon further investigation, key leaders of both Event 201 and Crimson Contagion, not only have deep and longstanding ties to U.S. Intelligence and the U.S. Department of Defense, they were all previously involved in that same June 2001 exercise, Dark Winter. Some of these same individuals would also play a role in the FBI’s “sabotaged” investigation into the subsequent Anthrax attacks and are now handling major aspects of the U.S. government’s response to the Covid-19 crisis. One of those individuals, Robert Kadlec, was recently put in charge of the U.S. Department of Health and Human Services (HHS) entire Covid-19 response efforts, despite the fact that he was recently and directly responsible for actions that needlessly infected Americans with Covid-19.

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  • Sat, Oct 24, 2020 - 8:34am

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1044

    2

    Censorship

    Thanks SP that is a great find. Whitney is amazing.

    The more things change the more they stay the same.

    FYI FB will not let you post this.

    I don't think the "swamp" will ever be drained

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  • Sat, Oct 24, 2020 - 8:45am

    #12

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 257

    0

    The Law of Innocence, Sampler

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  • Sat, Oct 24, 2020 - 8:59am

    #13

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

    Posts: 2476

    2

    Initial Crypto Investments

    This is a call for you more experienced crypto guys and gals to recommend which coins a newby like myself should invest in at this point in time.

    I am putting small amounts (that I can afford to lose) into some crypto.

    Which coins?  Roughly what percentage of the investment into each?

    BTC for the majority at this point?

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  • Sat, Oct 24, 2020 - 10:46am

    dreinmund

    dreinmund

    Status: Bronze Member

    Joined: Mar 19 2011

    Posts: 75

    1

    dreinmund said:

    I’m in the same process, sand_puppy.

    Right now, I want to be overweight in BTC, because I really see only two major outcomes:

    1) BTC becomes a digital reserve asset, but this can’t be true for every alt/shitcoin

    2) Cryptocurrencies will serve as a medium of exchange, but not as a store of value.
    I can’t see multiple cryptos becoming a digital reserve asset.

    I’m putting a little bit in ETH, more to speculate on the smart contract / application platform aspect.

    Third, the way I see it, BTC is generation 1, ETH represents generation 2, but there will be a 3rd generation (still public distributed ledger, but going away from being based on POW and blockchain).

    I’m betting a little on Hedera Hashgraph, mostly as a security / micro-transaction layer that might be put on top of the regular internet. It’s a far superior technology of distributed ledger than blockchain.

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  • Sat, Oct 24, 2020 - 1:24pm

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1044

    5

    Crypto Advice

    Hi SP.

    I hesitate to give financial advice. This is especially true in a rapidly changing, volatile space like crypto.

    Obviously the "gold standard" is BTC. The " silver standard" is Ethereum. I doubt you could go wrong at this point with either especially if you dollar cost average. We are at the beginning of a bull run. Institutional investors are starting to pile in, as you well know if you have watched the news. You can check out The Raoul Pal thread I started to see what he has to say. He also has a project called Real Vision. https://www.realvision.com/shows/the-interview-crypto/videos/introducing-real-vision-crypto

    You may wish to own some staking coins. These are coins that will give you passive income. At the moment Tezos (Tezzies) is the number one staking coin. You can stake yourself but you need to have 8,000 tezzies to do so or delegate ie give custody to a truste 3rd party in a pool. You can keep them on an exchange such as Coinbase or Binance. Coinbase has a "vault" to keep your coins in which is offline. If you stake with them you will get almost 5% return. If you keep your coins in their vault it will take a couple of days to get them out. This is not a problem unless you are going to be trading, which I do advise "newbies" not to do.

    Ethereum will soon be switching to "proof of stake" as opposed to "proof of work" BTC is proof of work. Ethereum will then have staking which will probably cause a rise in interest thus also price. The following is a good overview of staking and the top coins to consider.

    https://www.coinbureau.com/analysis/best-staking-crypto/

    My impression is that you will not be active in terms of trading. If you are looking to protect against theft by inflation I would suggest some of the top coins by market cap. If privacy is a concern you might look at Monero, Dash, and Zcash. Andreas Antonopolous is pushing for BTC to go private. If that happens that would be huge. I am not holding my breath on that. There are over 10,000 coins out there. 99% are shit/scam coins.

    No matter what you decide to do you will be entering the rabbit hole from which there is no escape.

    THE MAGIC THEATER

    ENTRANCE NOT FOR EVERYBODY

    FOR MADMEN ONLY

    THE PRICE OF ADMISSION

    YOUR MIND

    Your can get crypto news (and tutorials) at Cointelegraph, Coindesk, bitcointalk.org and many more.

    All the best.

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  • Sat, Oct 24, 2020 - 1:51pm

    Primary Care_MD

    Primary Care_MD

    Status: Member

    Joined: May 14 2020

    Posts: 1

    3

    Primary Care_MD said:

    Over the past 3 years, Kadlec has been positioned as THE one and only person in charge of the Strategic National Stockpile. When smallpox (Dark Winter) hits the US, HE alone will decide if you get a vaccine, an antiviral, or nothing (1/3 of cases die if not treated in a few days).

    When bird flu hits, 60% will die, and the window to treat is probably only 1-2 days.

    I don’t like the idea of one person having the power to extort the whole country, when we are under the intense fear and time pressure from the upcoming biological weapon attack. What will Kadlec ask of us, in exchange for the life-saving meds/vaccines? To be his guinea pig, c an experimental covid vac? Or something worse?

    Bill Gates says covid is part I of the plan, with part II being a much more deadly biological weapon, that will kill 30M Americans.  He obviously has inside knowledge.

    So, I already got myself some Tamiflu, Xofluza, and Relenza.

    But...what can I get to treat /prevent smallpox?

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  • Sat, Oct 24, 2020 - 6:32pm

    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 111

    1

    Small pox

    We already have many younger and middle aged members of our population that have been given the small pox vaccine. Uncle Sugar vaccinates the crap out of his people. If you are younger than the max age join the reserves and they will give you the vaccine. Of course you might get sent somewhere hot and sandy too...

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  • Sun, Oct 25, 2020 - 6:00am

    pinecarr

    Status: Gold Member

    Joined: Apr 13 2008

    Posts: 1173

    0

    Blockchain oracles?

    Mohammed Mast (and others), what do you think of Chainlink and other oracles (up and coming competitors) as a crypto investment?  I find them interesting because they seem like a necessary part of the infrastructure, enabling smart contracts on the blockchain to use data from external real-world sources.   -Something that is a necessary part of the infrastructure seems like a less risky speculative investment in the crypto space to me.  But I am a crypto-novice, and would like to hear what others think.

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  • Sun, Oct 25, 2020 - 8:12am

    dreinmund

    dreinmund

    Status: Bronze Member

    Joined: Mar 19 2011

    Posts: 75

    2

    dreinmund said:

    I’m not familiar with blockchain oracles.
    The questions I always ask / try to understand are:

    - is the technology based on POW or POS ? I would not invest in anything based on POW other than BTC. It’s not a sustainable / scalable technology.
    - find out about the governance structure. Who has control ? How do changes get ratified ?

    The latter is why I’m not too bullish on ETH. It’s basically just the Vitalik Buterin show. Everything depends on or goes through him.

    I would not invest in crypto before I understand these things. Most alt coins are just open source code, re-packed into something new. They are like a pyramid scheme, benefiting the early participants.

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  • Sun, Oct 25, 2020 - 1:59pm

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1044

    2

    Hi pinecarr

    Oracles are another layer in blockchain tech. They are vulnerable since they operate outside the consensus mechanism of the blockchain. As a matter of personal conviction I would not have anything to do with an operation that is partnering with Google and China so Chainlink is off my radar.

    If you want to know more here is a good article on the basics.

    https://cointelegraph.com/explained/defi-oracles-explained

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  • Sun, Oct 25, 2020 - 2:36pm

    pinecarr

    Status: Gold Member

    Joined: Apr 13 2008

    Posts: 1173

    0

    Thanks!

    Thanks so much for sharing your insights on Chainlink, Mohammed.  You too dreinmund!

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  • Mon, Oct 26, 2020 - 3:55pm

    #22
    Curtis Murphy

    Curtis Murphy

    Status: Member

    Joined: Oct 06 2020

    Posts: 8

    2

    Herbal Medicine

    For those unfamiliar, I would very highly recommend the work of Stephen Harrod Buhner, particularly his works "Herbal Antibiotics" and "Herbal Antivirals." Top notch and extensively researched herbal treatment protocols for stubborn bacterial and viral diseases, and much cheaper and in many cases more reliable than pharmaceutical treatments. Stock up, learn to use them, and share with friends and family! An interesting thing he writes about is that other parts of the world, particularly Africa, are far ahead of the "developed" world in doing detailed clinical studies on the effectiveness of herbal medicines. They can't afford the folly of our approach, and they know it too!

    Loving that Van Morrison is taking a stand! Always been a fan of his since my dad got me onto his music as a kid.

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