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    Daily Digest 10/3 – Colonization by Bankruptcy, Central Banks Expand Stimulus

    by DailyDigest

    Friday, October 3, 2014, 12:34 PM

Economy

As Fed Retreats From Stimulus, Central Banks Overseas Expand Theirs (jdargis)

“A strong dollar, fueled by higher U.S. interest rates, will likely expose vulnerabilities in other parts of the world,” Stephen King, chief global economist at HSBC, wrote in a research note on Thursday. “Latin American countries already flirting with recession would certainly not welcome a tightening of U.S. monetary conditions.” Some economists said the United States should seek to limit the dollar’s rise through diplomacy and policy, and that the Fed should seek to limit its divergence from other central banks by extending its stimulus campaign.

Colonization by Bankruptcy: The High-stakes Chess Match for Argentina (pinecarr)

The deeper implications of that infernal debt cycle were explored by Argentine political analyst Adrian Salbuchi in an August 12th article titled “Sovereign Debt for Territory: A New Global Elite Swap Strategy.” Where territories were once captured by military might, he maintains that today they are being annexed by debt. The still-evolving plan is to drive destitute nations into an international bankruptcy court whose decisions would have the force of law throughout the world. The court could then do with whole countries what US bankruptcy courts do with businesses: sell off their assets, including their real estate. Sovereign territories could be acquired as the spoils of bankruptcy without a shot being fired.

Ebola-infected passenger was sent home from ER (jdargis)

The CDC reminded the nation’s health care providers to ask patients with symptoms if they’ve traveled recently. The American College of Emergency Physicians planned to alert its members as well.

The patient explained to a nurse last Thursday that he was visiting the U.S. from Africa, but that information was not widely shared, said Dr. Mark Lester, who works for the hospital’s parent company.

A Hospital From Hell, in a City Swamped by Ebola (jdargis)

Bombali, the district that includes this city, went from one confirmed case on Aug. 15 to more than 190 this weekend, with dozens more suspected. In a sign of how quickly the disease has spread, at least six dozen new cases have been confirmed in the district in the past few days alone, health officials said. The government put this district, 120 miles northeast of the capital, Freetown, under quarantine late last week, making official what was already established on the ground. Ebola patients are dying under trees at holding centers or in foul-smelling hospital wards surrounded by pools of infectious waste, cared for as best they can by lightly trained and minimally protected nurses, some wearing merely bluejeans.

Marc Faber on Global Stocks, Gold, Investment Strategy (Herman J.)

Usually when you have U.S. dollar strength, it means that it’s a sign or a symptom of tightening global liquidity, which usually hasn’t been particularly good for U.S. stocks. Now, if I look around the world, U.S. stocks are very pricey compared to other shares around the world. Maybe they’ll go up a little bit more like in ’87 or before March 2000 and then they’ll drop a lot, but in general, if you take the view of the next 7 to 10 years, I think you’ll make more money in emerging economies, whereby near-term, I think all markets are vulnerable. All of them.

Uncharted Territory For A System In Overshoot (nojones)

Public health has gotten a free ride in the fossil fuel era, as everyone’s socioeconomic status, including sanitation, clean water, and healthy, safe food improved. That process of rising socioeconomic status during the last 200 years occurred because of fossil fuels, but because fossil fuels have been ubiquitous, we did not see it. Rosling’s video from Gapminder on 200 Years That Changed the World identifies the trend, but misses the cause. His plots could be better expressed by plotting life expectancy against global per capita fossil fuel use. Our first world exceptionalism is a function of fossil fuels and the hierarchy of complexity and not some special character trait.

Heat- and booze-tolerant yeast make more biofuels (jdargis)

Normally in yeast, potassium is brought into the cell, while proteins (which lower pH) are expelled from it. So, the researchers added an extra copy of two genes to the yeast: one that pushes protons out of the cell, and another that pulls potassium inside. This combination increased ethanol yields by 27 percent—not as good as adding the chemicals, but still a significant boost.

Drowning Farms (jdargis)

The Krishna, in these parts, flows through fertile, black volcanic soil. My family has lived here for centuries; 18 generations have farmed the land, growing cotton, sugarcane and oilseeds. Even before the 1960s’ Green Revolution improved India’s crop yields, this region had a surplus of agricultural produce. Cotton was the major commercial crop for over a century, a high revenue-earner for farmers and a source of employment in ginning mills and cotton presses.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/2/14

Provided daily by the Peak Prosperity Gold & Silver Group

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