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    Daily Digest 10/21 – Civil Unrest Erupting Around The World, Can We Still Dodge the Progress Trap?

    by Daily Digest

    Monday, October 21, 2019, 9:35 AM

Economy

Four dead in Bangladesh riot over offensive Facebook post (Sparky1)

Police said they had no plans to apply deadly force as the protest was calm at first, but some in the crowd became violent and started to throw stones and bricks at officers.

“There was some construction work going on nearby, so there were a lot of bricks. They were throwing the bricks at us. We locked ourselves in a room (in a nearby compound),” Ehsanullah said.

Civil Unrest Is Erupting All Over The World, But Just Wait Until America Joins The Party (CleanEnergyFan)

When people lose hope that things are ever going to get any better, they tend to take to the streets.

Unfortunately, corruption appears to be a way of life over in Lebanon at this point, and there seems to be little hope of major reforms any time soon.

Lebanon’s Hariri agrees to reforms amid nationwide protests over economic crisis (TS)

Hariri, who is leading a coalition government mired by sectarian and political rivalries, gave his feuding government partners a 72-hour deadline on Friday to agree reforms that could ward off crisis, hinting he may otherwise resign.

Hariri accused his rivals of obstructing his reform measures that could unlock $11 billion in Western donor pledges and help avert economic collapse.

Boris Johnson faces frenzied week as Brexit deadline nears (TS)

British Foreign Secretary Dominic Raab told the BBC he believes Johnson has enough support to get his deal through Parliament, but added the government would keep talking with its Northern Ireland ally, the Democratic Unionist Party, to persuade it to back the deal.

So far, the party, which holds 10 seats in Parliament, has refused to support Johnson’s agreement because it treats Northern Ireland differently than other parts of the U.K.

Unprecedented: The Trump NLRB’s attack on workers’ rights (edelinski)

After decades of decline in the share of workers represented by a union, the American economy is now marked by extreme inequality—the highest ever in U.S. history, according to new Census Bureau data. Chief executive officer (CEO) compensation has grown 940% since 1978, while typical worker compensation has risen only 12% during that time.

The ‘Glass Floor’ Is Keeping America’s Richest Idiots At The Top (tmn)

Over the last 20 years, selective universities have become just as dominated by the wealthy as the elite colleges — while receiving a fraction of the attention. Notre Dame, the University of North Carolina and the University of Southern California, for example, admit higher percentages of legacy students than Princeton. Thirty-eight colleges — including upper-crust mainstays Colgate and Tufts — admit more students from the top 1% than from the bottom 60%. At Washington University in St. Louis, the worst offender, the ratio is 3-to-1.

Ronald Wright: Can We Still Dodge the Progress Trap? (Belmontl)

The archaeologists who dig us up will need to wear hazmat suits. Humankind will leave a telltale layer in the fossil record composed of everything we produce, from mounds of chicken bones, wet-wipes, tires, mattresses and other household waste, to metals, concrete, plastics, industrial chemicals, and the nuclear residue of power plants and weaponry. We are cheating our children, handing them tawdry luxuries and addictive gadgets while we take away what’s left of the wealth, wonder, and possibility of the pristine Earth.

Schumer calls for federal probe of contaminated baby food (Sparky1)

Sen. Chuck Schumer says Sunday the FDA must take more action to regulate the baby food industry. A study by Healthy Babies Bright Futures found the presence of heavy metals in 95% of the 168 baby foods that were tested.

The study found 95% of the food tested contained lead, arsenic, mercury or cadmium. It found one in four baby foods that were tested contained all four metals.

Google Maps Just Introduced a Controversial New Feature That Drivers Will Probably Love (but Police Will Utterly Hate) (Thomas R.)

“There is no moral, ethical, or legal reason to have the police locator button on the app,” the sheriffs’ association wrote in 2015. “We are concerned that terrorists, organized crime groups, and gangs will find this a valuable tool to further their illegal activities.”

Google has always responded by saying that drivers slow down and strictly obey the law when they know that law enforcement is nearby.

JPMorgan wants to hire people with criminal backgrounds (Sparky1)

The United States loses between $78 billion and $87 billion in annual GDP by excluding people who have a criminal record from the workforce, according to the bank. Studies also show that providing education and opportunities also reduces recidivism.

Regulators slam PG&E CEO for claiming California blackouts could continue for another decade (Sparky1)

Southern California utility company Edison said it too may shut off power to thousands as winds pick up this weekend. The power was on when last week’s deadly Saddle Ridge Fire broke out. Investigators are trying to determine if a live wire may have been the cause.

I’ve seen California’s future, and it’s dark (jdargis)

“They’re turning off the power in Oakland!” I exclaimed. Basically if you lived between Oakland and the Sierra Foothills, minus Sacramento, there was a good chance your power was going out. “How long are they doing it for?”

Erika said she wasn’t sure, but she’d heard it could be for four or five days. She said she was sorry to be the bearer of bad news, but it sounded like I needed to get my shit together.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/18/19

Provided daily by the Peak Prosperity Gold & Silver Group

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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9 Comments

  • Mon, Oct 21, 2019 - 11:14am

    #1

    newsbuoy

    Status Bronze Member (Offline)

    Joined: Dec 10 2013

    Posts: 172

    60 Minutes: LeGarde on How to Fake Wine Drinking

    One of the best “wink, wink”, metaphors I think I’ve ever seen. What do you think the message is?:

    John Dickerson: You have learned how to pretend you’re drinking wine when you’re not drinking wine.

    Christine Lagarde: Yes. Yes.

    John Dickerson: How do I pretend to drink wine but not drink it?

    Christine Lagarde: Oh okay, I’ll show you. I’ll do it with water. So you go. You have to smell. Terribly important. Then you go, you move it around to check the color. Then you go very important. Watch this here, you go. I didn’t drink anything.

    John Dickerson: That’s dangerous. You’re going to keep your wits about you.

    Christine Lagarde: Yeah.

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  • Mon, Oct 21, 2019 - 12:11pm

    #2
    Edwardelinski

    Edwardelinski

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    Posts: 333

    3+

    Contaminated baby food and the poisoning of our little girls..

    My head is still exploding from the Sparky 1 submission.Anyone who has raised little girls understands the dress up box .Most gift it for a birthday or Christmas.It usually comes from Claire’s in the mall.What you may not know is that over the better part of 15  years the makeup has been laced with arsenic,the jewelry contained lead,cadmium,chromium,mercury etc.They continued selling until forced by the FDA to pull it.Cosmetics aren’t regulated either.Childhood leukemia,early breast and gynecological cancers.No doubt a connection…Sickening..

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  • Mon, Oct 21, 2019 - 5:38pm

    #3
    Nate

    Nate

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    Joined: May 05 2009

    Posts: 335

    5+

    Kunstler on the Dragon

    You’d think Hillary Clinton might come up with a better zinger than “Russian asset” when she flew out of her volcano on leathery wings Friday and tried to jam her blunted beak through Tulsi Gabbard’s heart. Much speculation has been brewing in the Webiverse that the Flying Reptile of Chappaqua might seek an opening to join the Democratic Party 2020 free-for-all. Wasn’t “Russian asset” the big McGuffin in the Mueller Report — the tantalizing and elusive triggering device that added up to nothing — and aren’t most people over twelve years old onto that con by now?

    It’s not like Tulsi G was leading the pack, with two cable news networks and the nation’s leading newspapers ignoring her existence. Tulsi must have been wearing her Kevlar flak vest because she easily fended off the aerial attack and fired back at the squawking beast with a blast of napalm:

    “Great! Thank you @HillaryClinton. You, the queen of warmongers, embodiment of corruption, and personification of the rot that has sickened the Democratic Party for so long, have finally come out from behind the curtain. From the day I announced my candidacy, there has been a concerted campaign to destroy my reputation. We wondered who was behind it and why. Now we know — it was always you, through your proxies….”

    Ouch! The skirmish does raise the question, though: is the Democratic Party so sick and rotted that it would resort to entertaining Hillary Clinton as the 2020 nominee? Fer sure, I’d say. The party has been on suicide watch since the Mueller Report blew up in its face. At this point, it’s choking to death on its current leaders in the race. Apart from his incessant hapless blundering on the campaign trail, Joe Biden will never survive assisting his son Hunter’s grifting adventures in foreign lands. It’s just too cut-and-dried and in-your-face. The kid scammed millions out of Ukraine and China and it’s all documented. Mr. Biden will soon announce his retirement from the field — to spend more time with his family, or for vague health reasons.

    Mrs. Warren has been on a roll since August — with Joe B foundering — but she has two big problems: 1. She seems incapable of telling the truth about her personal “story.” For decades she pretended to be a Cherokee Indian for the purpose of career advancement on various college faculties (including Harvard), and lately she told a whopper about being fired from a teaching job years ago on account of being pregnant, apparently unaware that a tape recording existed of her telling a totally different story — that she quit the job to do something else, even when they offered her a new contract. How many times would those bytes be replayed in 2020? And 2. She’s retailing a cargo of economic policy bullshit that would turn the USA into Venezuela with sprinkles on top, and she’s already hard-pressed to explain all the numbers that don’t add up in her Medicare-for-all package. Over the weekend, she demanded that transgender illegal border jumpers “must” be released into the United States. There’s a winning issue in the Rustbelt states!

    And of course, there are questions a’plenty about the DNC itself and the peculiar mix of race hustlers, Wall Street catamites and war-hawks currently running the outfit. Sounds like a Hillary quorum to me. The DNC handed off the whole operation to the Hillary campaign in 2016 and fixed the nomination with super-delegate hugger-mugger. Is it possible that Hillary still controls the leadership? My guess is that a big chunk of the loot assembled into the Clinton Foundation over the years has enabled HRC to buy the tattered remnants of the DNC lock, stock, and barrel. All that funny money bought a whole lot more, too, including all the predicating bullshit that kicked off RussiaGate, UkraineGate, and now ImpeachGate.

    The next gate to go through will be the wholesale prosecution of a whole lot of government officials, elected, appointed, and retired, for the malicious shenanigans that led to the current administrative civil war between the branches and agencies of the government itself. It may prove to be a gate too far for the existence of constitutional government as we’ve known it. All that rot leads to the heads of the big fish: Barack Obama and Hillary. When they are officially implicated, that will be the last roundup for the old donkey. Perhaps something new will organize around the stalwart Tulsi G. She is not alone out there.

    https://kunstler.com/clusterfuck-nation/enter-the-dragon/

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  • Tue, Oct 22, 2019 - 1:55pm

    Reply to #3
    ao

    ao

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    Posts: 964

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    what's the motivation

    Thank you, Nate.  This piece was priceless.  “The Flying Reptile of Chappaqua”, lol!!!  This is one of the best articles I’ve ever seen from Kunstler.

    It does raise a very interesting question though.  What was HRC’s motivation in attacking Tulsi Gabbard, given how the MSM has ignored the latter and the fact that she was trailing the pack?  I don’t get it.  Unless …

    Tulsi Gabbard has definitely attracted a lot of attention from independents, centrists, and Trump supporters alike.  She’s young, smart, strong, has a photogenic appearance, has an appealing sounding voice, a record of serving her country, is not totally whacko like some of the others, and who can disagree with her most important talking point, that of ending the endless procession of regime change and other wars.  Plus, there’s the reflex response evoked among many that if she’s anti-HRC, there must be something good about her.

    While it seems incredibly important to HRC that she attain the office of POTUS, at this stage, it may even be more important to her to eject Trump from the White House.  Her very survival may dependent upon it if Trump becomes emboldened enough during a second term to prosecute for her many crimes.  While Trump is no prize package, the Democratic line-up of shlocks is one of the poorest selections of Presidential candidates I’ve seen in my life time.  What if HRC is attacking Tulsi to, in fact, promote her?  The extreme left will certainly never vote for Trump.  A few moderates on the left though might consider voting for him.  And the centrists would be even more open to voting for him, given the paucity of attractive candidates on the left.  Tulsi would carry both the extremes and the moderates on the left and perhaps most of the centrists.  She might also carry some disenchanted moderate right wingers.  The extreme right wingers will hang onto Trump under almost any conceivable circumstance, if only because all the other choices are not an option from their political perspective.  So HRC attacking Tulsi could conceivably wind up promoting Tulsi to the level of a candidate who could resoundingly trounce Trump.  I know it’s stretching it a bit and highly implausible but strategically, it’s a possibility.

    I’d be interested in hearing other folks’ thoughts about the motivation for the attacks.

     

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  • Tue, Oct 22, 2019 - 3:13pm

    #4
    Sparky1

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    Pure speculation: HRC's attempt to thwart a Sanders/Tulsi ticket?

    Anything’s possible in this twisted geopolitical/fiscal environment.

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  • Tue, Oct 22, 2019 - 8:03pm

    Reply to #3
    vlierheimer

    vlierheimer

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    Joined: Feb 22 2019

    Posts: 6

    Response to Kunstler and ao

    Once again, PP provides yet another outstand author to peruse! Nate, that piece was hilarious. I’m chuckling over my cocoa in the high country  snow.

    ao, Gabbard definitely grabbed my attention with her articulate and spot-on criticism of the endless regime-change warmonger, HRC.  Upon investigation of her website though, I find she is dangerously close to the ‘wacko’ wing of the Dems, just in more appealing dress. Some highlights:

    1) College for all. (sigh. 30 year veteran teacher here. No, everyone does not need college)

    2) Healthcare for all. (Ok, sounds great. Pay for it how?)

    3) Abortion for all, at all stages, taxpayer funded. (Oh my, were you happy when NY joined the states of taxpayer funded, abortion through nine months, for any reason? Extreme by any measure.)

    4) “Invest” in public education. (You mean the system that’s been failing our kids for the past thirty years? I’ve taught in private schools for years, and yes, we deserve a fighting chance. Vouchers, please)

    5) “Pathway to citizenship”. Blanket support for DACA. Unrestricted immigration from any country.  I beg your pardon? I’m sister to one immigrant, mother to another, best friends with a third, and supporter of dozens. Unrestricted, mindless ‘take all comers’ is a bungling approach to immigration that will continue to mire us even more. Can we think this through?

    She’s pretty far left. No thanks.

    So, that’s the perspective of this moderate, more-libertarian-than-right-winger. It’s a shame she’s so far left, she  seems like a real go-getter.

    Why would HRC attack? Gracious, that’s a real head scratcher. Utterly mystifying. I mean, don’t the Dems learn anything? She just isn’t helping.

    Ben Carson was my man, but in light of this horrendous, pandering, ill-qualified crowd of dingalings, Trump seems like the best choice.

    Anyway, you two are a pleasure to read.

    Regards!

    V

     

     

     

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  • Tue, Oct 22, 2019 - 8:16pm

    Reply to #3
    vlierheimer

    vlierheimer

    Status Member (Offline)

    Joined: Feb 22 2019

    Posts: 6

    Additional reply to Kunstler on the Dragon

    Kunstler! Where have you been all my life? Just saw your site! What a great garden! What a great body of work! PP aka, “Literary Gold Site” strikes again! Thanks Adam and Chris! 🙂

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  • Tue, Oct 22, 2019 - 9:21pm

    Reply to #3
    ao

    ao

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    I hope I didn't imply that Tulsi was the answer

    I also, as a libertarian leaning individual, am not fond of most of her leftist positions.  But the wars are a huge issue and she pretty much stands alone among the Democrats as being outspoken against them.  If someone held a gun to my head and said I had to pick one of them, I’d hold my nose and pick Tulsi and console myself that at least she’s nicer to look at and listen to than Hitlery and hopefully, she wouldn’t do something stupid like engage Russia or China (or both) in conflict.  Sadly, many of my political choices in recent years have been of the nose holding variety.  They say you have a choice of A or B and I’m saying to myself, “But how about C?”.  I know I have the option of not voting and I have exercised that option in the past but in the last election, I knew not voting would be a vote for war and baby killing and my conscience wouldn’t allow me to do that.

    But the question still remains, what is HRC up to with attacking Tulsi?  All indications have been that she is letting this loser leftist line-up savage one another and then, when the candidate carnage is complete, she’ll waltz in early in 2020 to announce her candidacy as the answer to the prayers (or perhaps incantations) of the left.  I guess we’ll just have to wait and see.

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  • Wed, Oct 23, 2019 - 8:24am

    #5
    Nate

    Nate

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    Armstrong's take on Hillary

    QUESTION: Do you think Hillary will run in 2020?

    ANSWER: I would say yes. I know that the big Democratic donors are yelling they will not fund Warren. Hillary has been cagy, but the coup against Trump is in full motion. The FBI just came out of the blue to say they exonerate Hillary. You have to read the fine print. What they are saying is NOT that she is innocent, but she did not KNOWINGLY violate the law. You would be prosecuted for such an act for the presumption is you know what the law is. In Hillary’s case, the FBI has turned the law upside down. They are doing that to clear the way for her to run in 2020. The FBI does NOT exonerate anyone else. They NEVER comment on investigations as a matter of policy. They ONLY recommend charges and NEVER pronounce someone as innocent. This is obviously a ploy to prepare Hillary for 2020 to overthrow Trump. They just want to go to war.

    That said, Biden is a joke. She has intentionally attacked Hawaii Rep. Tulsi Gabbard indirectly saying she is “cozy” with Russia in the past. She is already bringing up the Russians again. It certainly appears she is just waiting for the herd of candidates to beat each other to a pulp and then step in.  The big-money donors will fill the coffers for Hillary – not Warren. Nobody seems to believe that Joe Biden has a shot at beating Trump. So the game is in play.

    The primary elections are scheduled to take place from February to June 2020 in all fifty U.S. states, the District of Columbia, five U.S. territories, and Democrats Abroad. So Hillary will jump in perhaps on the ECM turning point in January 2020.

    Hillary is supported by the intelligence community for she will take the country into war. Trump is anti-War. He has explained the hardest part of the job is writing letters and meeting families whose children or husbands have died in some military action. Over 40% of Americans believe that the US is sticking its nose in too many affairs overseas which in turn results in terrorist attacks against Americans. The intelligence community is trying to overthrow Trump at all costs. They know Hillary will declare war on Russia which is what they desperately want for Xmas.

    I do not BELIEVE that even Hillary would defeat Trump in a fair election. But just as the 2016 election was our target for the first potential third-party candidate, 2020 is the target for the start of civil violence. We will run our analysis on the 2020 election. Just as a warning – it appears to be the most violent since the 1960s, and it appears to be the most likely to be rigged. That warns that if Trump were to lose, it would not be a fair election. The intelligence community and the neo-cons want war and the collapse of socialism needs an excuse to divert people’s attention from the unfunded liabilities they cannot meet. A serious war will help raise patriotism, they hope, and that will be the excuse as to why you must not blame the government when your benefits cannot be met.

    https://www.armstrongeconomics.com/international-news/politics/will-hillary-run-in-2020/

     

     

     

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