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    Daily Digest 11/13 – The Biggest Threat To Dollar Dominance, China’s Great Leap Backward

    by DailyDigest

    Tuesday, November 13, 2018, 5:31 PM

Economy

Why General Electric Stock Just Dropped Another 7.5% (Thomas R.)

With fewer levers to pull to get GE's business going again, there seems less and less hope that it will be able to revive its dividend, which has now been cut to just one single penny per share, per quarter. To the contrary, it's unlikely GE is giving the idea of dividend hikes much thought at all. Remember: The company has "no higher priority right now" than paying down debt.

The Biggest Threat To Dollar Dominance (Michael S.)

Russia’s large oil companies are asking Western commodity traders to pay for their crude in Euros as Washington looks to slap more sanctions on Moscow

Massive Solar Storm Detonated Hidden American Bombs During the Vietnam War, Navy Records Show (Adam)

There have been major space weather incidents since, though none on the scale of the 1859 event. And researchers are still figuring out the extent of their potential for damage. In the Space Weather paper, the researchers dug up old Navy records that suggest a famous 1972 solar storm was even more serious than they had realized.

Several UK businesses are discussing implanting microchips in their employees' hands (Thomas R.)

The main benefit of the procedure seems to be convenience. The microchip implant essentially serves as an internal-employee-identification badge — the chips can be used to grant access to buildings and to pay for things around the office like food or print jobs. They can also be used to restrict access to certain off-limits areas.

Nationalists and Patriots (Matt H.)

Well, yes, the old demons are rising again. Or rather, they have been for years. French arms sales to countries and their often dictatorial leaders who one could classify as ‘nationalists’ have never really abated in the past 100 years. As a country, as a society, at least on the leadership level, nothing has been learned. The only ‘excuse’ Paris could provide for this is that all the other countries who sent away their young and strong to be slaughtered never learned a thing either.

China’s Great Leap Backward (tmn)

In the short term, Xi’s efforts may make China seem less corrupt and more stable. But by destroying many of the mechanisms that made the Chinese miracle possible, Xi risks reversing those gains and turning China into just another police state (think a gigantic, more open version of North Korea): inefficient, ineffective, brittle, and bellicose. And that should worry not just China’s 1.4 billion citizens but the rest of us as well.

The Impact of ‘Plant Factories’ on the Electric Grid (newsbuoy)

Indoor farming is having a moment. Venture capitalists are investing hundreds of millions of dollars into vertical farming startups growing in urban, industrial facilities. Cities are easing restrictions to encourage more plant factories. And even Elon Musk’s cousin founded a vertical farm.

We’re tackling this booming business: What’s driving it, what’s the potential, and what are the energy consequences?

CA Gov. Jerry Brown Vetoed Bipartisan Wildfire Management Bill in 2016 (thc0655)

“In an effort to reduce the state’s highest source of greenhouse gas (GHG) emissions, curb the impacts of future wildfires and prevent unnecessary damage to life and property, Senate Bill 1463 will continuously appropriate 25 percent of cap and trade funds to counties to harden the state’s utility infrastructure and better manage wildlands and forests,” the new SB 1463 fact sheet reported.

‘Agriculture sector has endured billions in losses due to water shortage’ (newsbuoy)

Acute shortage of river water was the main reason why cultivation of different important cash crops didn’t meet the target of yield set for the current year, said Rahu. He accused the present federal government of having no regard for the country’s agriculture sector as there was no federal policy in place to protect the legitimate interests of Sindh’s farmers.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/11/18

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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