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    Daily Digest 11/3 – How The Cultural War Fooled The Left, Life After Brexit

    by DailyDigest

    Thursday, November 3, 2016, 7:01 PM


Economic Stress As World Runs Out Of Dollars (Aaron M.)

“The Libor rate is one of few instruments left that still moves freely and is priced by market forces. It is effectively telling us that that the Fed is already two hikes behind the curve,” said Steen Jakobsen from Saxo Bank. “This is highly significant and is our number one concern. Our allocation model is now 100pc in cash. This is a warning signal for the market and it happens extremely rarely,” he said.

‘Brexit’ Will Require a Parliament Vote, U.K. Court Rules (jdargis)

The government and its legal challengers agree that invoking Article 50, which Mrs. May has promised to do by the end of March, is an irrevocable step on the road to a British withdrawal, commonly known as Brexit. Her spokesman maintained on Thursday that it was still possible to begin the process by that time.

Life After Brexit: What Can The British Learn From The Swiss? (Taki T.)

Politicians, the media, and perhaps all of us too are strikingly unaware of how divided our societies have become. Indeed, as this historically toxic US presidential race draws to its end, one can’t help but connect the dots that are spread throughout the West: Brexit, the “Trump movement”, the leadership crisis and public discontent in France, Hungary and even in Germany. All have grown out of a deep, unexamined divide between those who are in favor of centralist leadership in a globalized world, and those who opt for self-determination and demand their individual civil and property rights be respected.

Global Bond Bubble Bust (Alex)

Insanity has to be an element in why “investors” would line up for a chance to pay to lend to a government. Should those who partake in this madness still even be referred to as investors? Is that not somewhat of an oxymoron now? Perhaps they should be called “burners” for all the capital they’re destroying?

Inflation: The Most Dangerous Chinese Export (Tiffany D.)

Last month, consumer prices leaped 1.5% — the largest in nearly two years. For that, we can thank the rebound in oil prices this year (something we’ve warned that’s likely to continue), as well as the ongoing bull market in certain industrial metals like zinc.

How The Cultural War Fooled The Left (FREEPOM) (westcoastjan)

The obvious answer is that both are meant to transform the other. A few decades from now both the Christian religion and the Islamic faith will be destroyed and replaced with the inevitable synthesis of the consolidation of both. This is the thesis and anti-thesis becoming the synthesis.

The simple terminology of the above dynamic is running parallel to the introduction of the eastern belief systems into the Christian world. This new age Buddhism introduction began decades ago and has reached a very common balance amongst the core population in the west.

Prevailing Gray Swan: Imperative Grounds for Impeachment, A Constitutional Crisis is Immanent If Secretary Clinton is Elected (James A.)

This Presidential election has brought into focus that the country is at a crossroads with an ethical line in the sand that cannot be breached. On solid legal grounds, should Secretary Clinton win the election the US House of Representatives has the sole authority and duty to immediately commence impeachment proceedings based on the evidence. This thesis clearly states the argument supporting that claim and is something every American urgently needs to understand.

Biggest Election Fraud In History Discovered In The United States (richcabot)

“This report summarizes the results of our review of the GEMS election management system, which counts approximately 25 percent of all votes in the United States. The results of this study demonstrate that a fractional vote feature is embedded in each GEMS application which can be used to invisibly, yet radically, alter election outcomes by pre-setting desired vote percentages to redistribute votes. This tampering is not visible to election observers, even if they are standing in the room and watching the computer. Use of the decimalized vote feature is unlikely to be detected by auditing or canvass procedures, and can be applied across large jurisdictions in less than 60 seconds.”

A Cashless Economy in Zimbabwe? With Little Cash, There’s Little Choice (jdargis)

Debit card machines are proliferating in Zimbabwe’s cities — not only in churches but also in supermarkets, betting parlors, nightclubs, parking areas and every other business happy to accept paper cash but unable to dispense it. If there are no card-reading machines around, many shoppers now text payments on their cellphones.

The change has been revolutionary for what was a mostly cash economy until early this year. It has helped ease the cash crisis, which paralyzed business a few months ago. In a fragile economy reeling from a global collapse in commodity prices, a historic drought and lack of investor confidence, the spread of plastic is the one bright spot.

OPEC Is Now Irrelevant – This Oil Price Plunge Is Different (Josh O.)

There are many reasons for the rise in oil prices since 2003 – market fundamentals, civil unrest/strikes in some of the major oil producing countries, the flip/flop of inventories, speculators, hurricanes, conflict in Middle East, and higher cost of production. Shortly after these record prices, the world witnessed the abrupt collapse of oil prices to below $40/b in late 2008 and early 2009.

Amish fight back, ignore law mandating horse poop bags (tlampman)

The Daily News of Bowling Green reports that many Amish in Auburn have refused to comply with the ordinance, citing concerns that attempts to put the bags on their horses might frighten the animals.

Many cases have landed in court, and some defendants have been jailed for refusing to pay the fine for violating the ordinance.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/2/16

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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  • Thu, Nov 03, 2016 - 2:38pm



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    Posts: 2936

    Europe Warms to 100-Year Bonds, but UK Is Wary


    Europe Warms to 100-Year Bonds, but UK Is Wary

    Wall Street JournalNov 2, 2016
    Last week, Austria sold a €2 billion ($2.2 billion), 70-year bond at a yield of … After a sharp initial rally, U.K. bonds led a selloff in global government debt last …

    UK unlikely to issue debt with maturity over 50 years – WSJ

    Reuters11 hours ago
    UK unlikely to issue debt with maturity over 50 years – WSJ … Austria issued a 70-year bond on Oct. 25, attracting over 5 billion euros of investor interest. Britain's …

    Fed will have little room to cut interest rates if recession hits

    The Guardian – ‎Nov 2, 2016‎
    True, early experimentation with negative interest-rate policy in Japan and Europe has caused some disenchantment. But the shortcomings there mostly reflect the fact that central banks cannot by themselves implement the necessary policies to make a …

    Egypt Central Bank devalues currency by 48 percent – ‎4 hours ago‎
    Thursday's much anticipated decision by the Egyptian Central Bank followed a sharp and sudden decline this week in the value of the dollar in the unofficial market, dropping from an all-time high of 18.25 pounds to around 13 to the US currency.

    Portugal's public debt rises to record 244.4 bln euros in September

    Xinhua13 hours ago
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    Cash-strapped Venezuela has a big payment due today

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  • Fri, Nov 04, 2016 - 3:03am


    Arthur Robey

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    Protecting Kids.

    A society that cannot protect its children is doomed.

    Who said that?


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  • Fri, Nov 04, 2016 - 11:12am


    Arthur Robey

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    Sioux nation and Cold Fusion.

    Strong statement at 12 min 30 sec. 

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  • Fri, Nov 04, 2016 - 11:38am


    Arthur Robey

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    Greg Hunter counter-coup.

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  • Fri, Nov 04, 2016 - 2:04pm


    Arthur Robey

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    Posts: 1814

    Who is Huma?

    From Redice.

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  • Fri, Nov 04, 2016 - 2:39pm



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    Posts: 2936

    Moody's says unfunded pension liabilities now exceed debt

    Negative-yielding debt worldwide falls to $10.4 trillion -Fitch

    Reuters – ‎22 hours ago‎
    "While the outstanding amount of negative yielding sovereign debt declined in recent months, the persistence of low and negative yielding debt globally will continue to take its toll on investors, particularly buy-and-hold investors such as insurance

    Treasury to Sell $160 Billion of Debt

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    Illinois sells $480 mln of bonds at high yields

    Reuters – ‎16 hours ago‎
    A political impasse, along with a $111 billion unfunded pension liability and a growing pile of unpaid bills, have pounded Illinois' credit ratings into the low investment-grade level of triple-B. Dan Solender, head municipal portfolio manager at Lord

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