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    Daily Digest 2/21 – The United States Of Oil And Gas, When Speculators Prosper Through Ignorance

    by DailyDigest

    Tuesday, February 21, 2017, 2:15 PM

Economy

Wanted: a CEO willing to hold Greek banking’s “poisoned chalice” (Adam)

The CEO’s role is to use the fund’s leverage as a major investor in three of Greece’s four major listed banks to help push through banking reforms designed by the European Union, the European Central Bank and IMF and to eventually divest its stakes, returning banks to private hands.

When Speculators Prosper Through Ignorance (Aaron M.)

The relationship between the economy and the stock market is a study in contradiction. It’s precisely when economic optimism is strongest, when caution is seen as misguided, and when bullish enthusiasm is most exuberant, that the stock market reaches its speculative apex and becomes most vulnerable to collapse. It’s precisely when economic pessimism is most dismal, when hope is set aside, and when bearish consensus is most dire, that market plumbs its deepest lows and carries the greatest potential for future returns.

If Trump is Impeached, it Might Be the End of America (Ivo)

The result is a dangerous disconnection between what we’re being told is going on and the beliefs of a substantial portion of the citizenry. Not a substantial portion like a couple million. A substantial portion like 100 million. This week’s Rasmussen Poll, for example, found that 45% of voting Americans believe America is on the “right track.” This is down two points from the record high, which was recorded two weeks ago, and is higher than any week during the Obama presidency. (The MSM would never report this because it doesn’t jibe with their narrative that the sky is falling. It’s doing us all a great disservice by failing to do so.)

For-Profit Schools, an Obama Target, See New Day Under Trump (jdargis)

Under the Obama administration, the Education Department discouraged students from attending for-profit colleges, arguing recently that the data showed “community colleges offer a better deal than comparable programs at for-profit colleges with higher price tags.”

The for-profit sector has about 8 percent of those enrolled in higher education, according to the Education Department, but it has 15 percent of subsidized student loans.

North Korea’s Regime In Jeopardy As China Bans Coal Imports (Michael K.)

Officials of the United States and its allies, including President Trump, have suggested that China, North Korea’s principal economic patron, should be more aggressive in enforcing sanctions. But while it does not approve of the North’s weapons program, China has also been seen as reluctant to inflict crippling pain on North Korea, for fear that it might destabilize its Communist neighbor.

The United States of oil and gas (Adam)

In places like Andrews, Tex., within the Permian geologic formation — already in the middle of oil country — thousands of new wells were drilled in the last 10 years. The population in Andrews County has increased by more than 30 percent since 2005. Similar booms have occurred in other areas as well.

California Braces for More Rain. How Bad Can It Get? (Adam)

Last week, more than 180,000 residents were ordered to evacuate from below the Oroville Dam when a damaged emergency spillway and a swollen reservoir raised concerns about a collapse. Crews rushed to fix the damaged embankment at the dam, 70 miles north of Sacramento, and to prepare it for more rain.

Why Ditching NAFTA Could Hurt America’s Farmers More Than Mexico’s (jdargis)

Since 1992, raspberry exports from Mexico to the U.S. have gone from zero to $500 million each year. The increase in strawberry exports is similar. Total Mexican shipments of fruits and vegetables to the U.S. have increased by nine times over the last 25 years, to $12 billion a year. People in the industry say most of that increase is a result of U.S. companies setting up production in Mexico.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/17/17

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. 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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4 Comments

  • Tue, Feb 21, 2017 - 6:30am

    #1
    rassj1

    rassj1

    Status Member (Offline)

    Joined: Feb 21 2017

    Posts: 2

    Federal Reserve

    I spent nearly a decade inside the Federal Reserve. What I saw is deeply worrisome.

    A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy

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  • Tue, Feb 21, 2017 - 11:52am

    #2

    sand_puppy

    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1817

    The "Bewildered Herd"

    Noam Chomsky Wrote a brief booklet, “Media Control: The Spectacular Achievements of Propaganda.
    Noam Chomsky’s backpocket classic on wartime propaganda (written in 2002 in the run up to the Iraq invasion) and opinion control begins by asserting two models of democracy—one in which the public actively participates, and one in which the public is manipulated and controlled. According to Chomsky, “propaganda is to democracy as the bludgeon is to a totalitarian state,” and the mass media is the primary vehicle for delivering propaganda in the United States. …
    Chomsky examines how the mass media and public relations industries have been used as propaganda to generate public support for going to war. Chomsky further touches on how the modern public relations industry has been influenced by Walter Lippmann’s theory of “spectator democracy,” in which THE PUBLIC IS SEEN AS A “BEWILDERED HERD” that needs to be directed, not empowered; and how the public relations industry in the United States focuses on “controlling the public mind,” and not on informing it.  Media Control is an invaluable primer on the secret workings of disinformation in democratic societies.

    The power of the media owner to herd the public was further increased by the consolidation of media ownership. Now, 6 corporations control 90% of the media content seem by Americans.

     

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  • Wed, Feb 22, 2017 - 7:47am

    #3

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2923

    Fed's Williams Says Historically Low Interest Rates Will Persist

    Fed’s Williams Says Historically Low Interest Rates Will Persist

    Bloomberg – ‎20 hours ago‎
    “In a low r-star world, what were once called ‘extraordinary’ policies — like zero or negative interest rates, forward guidance, and balance sheet policies — are likely to become the norm,” he wrote. Risks to financial stability also may be greater

    ‘Spain is RUINED FOR 50 YEARS’ Economist predicts crisis and …

    Express.co.uk-1 hour ago
    And it is only a matter of time before the Government is forced to default as a debt bubble and low wages effectively forge the worst declines in “living memory”.

    France exiting the euro would be the largest sovereign default in …

    CNBC-9 hours ago
    A few days ago, David Rachline of the far-right National Front party in France said that “the debt of France is about 2 trillion euros ($2.1 trillion), about 1.7 (trillion …

    Italy Is Warned by EU Over High Public Debt With Spillover Risks

    Bloomberg – ‎1 hour ago‎
    The country also faces sluggish GDP growth of 0.9 percent this year and lingering troubles at domestic banks, which are weighed down by 360 billion euros ($378 billion) of bad loans that have eroded profitability and undermined investor confidence.

    Portugal public debt rises on year to 130.6% of GDP in 2016

    The Portugal News-8 hours ago
    According to the Statistical Bulletin published on Tuesday by the central bank, public debt rose to €241.106 billion at the end of last year, when it totalled …

    India needs to create ‘bad bank‘ quickly – Arvind Subramanian

    Reuters – ‎2 hours ago‎
    Banks in India had record stressed loans of $133 billion, or 12.34 percent of their total loans, as of last September. About two dozen state-owned lenders have an even higher stressed-loan ratio of 15.88 percent, according to data compiled by India’s

    Nigeria steps nearer to devaluation with central bank dollar sale

    Reuters Africa-8 hours ago
    ABUJA (Reuters) – Nigeria’s central bank took a step nearer to outright devaluation of the naira currency on Tuesday, providing 23 commercial banks with a …

    China regulators set new rules for asset managers as debt fears grow

    Reuters – ‎8 hours ago‎
    The rules, formulated by the central bank in conjunction with China’s securities, banking and insurance regulators, were the latest effort by the authorities to bolster their oversight of financial assets, including wealth management products (WMPs
     
     

    China’s Wealth-Management Time Bomb

    Bloomberg – ‎6 hours ago‎
    Besides the central bank, the overhaul involves regulators for the banking, securities and insurance sectors. The concern is understandable. Asset-management products, mostly held off-balance sheet, totaled about 60 trillion yuan ($8.7 trillion) as of

    China’s Worst Bond Rout in a Decade Seen Worsening on Rules

    Bloomberg-8 hours ago
    Pain in the bond market worsened after the central bank pushed up money market rates. The threat of further steps to curb investing with borrowed money has …

    Puerto Rico sales tax creditors circle wagons in fight with GO …

    Reuters-1 hour ago
    Feb 22 Puerto Rico bondholders whose debt is backed by the U.S. territory’s sales tax revenue, known as COFINA creditors, are asking a federal court to prevent …

    Dallas County Schools Strangled by Debt, Could Soon Run Out of …

    NBC 5 Dallas-Fort Worth-13 hours ago
    Dallas County Schools says they may soon run out of money if they can’t renegotiate payments on millions of dollars of debt. Meanwhile, DCS Superintendent …

    San Diego schools could slash hundreds of positions to meet …

    fox5sandiego.com-8 hours ago
    The deficit is blamed on declining enrollment and rising pension costs. “We are seeing a major increase in the contributions we need to make to that retirement …

    Pensions driving Rainier schools budget deficit

    Longview Daily News-17 hours ago
    RAINIER — A 27 percent increase in payments to the state employees pension fund next year will prompt layoffs and service cuts in the Rainier School District …

    Local governments pushing for cost-controlling reforms

    Illinois News Network – ‎16 hours ago‎
    More cities across Illinois are using most, if not all, of their share of property taxes to pay for public safety pensions and the Illinois Municipal League says state mandated sweeteners don’t help. The IML announced its legislative agenda Tuesday

     

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  • Thu, Feb 23, 2017 - 3:44am

    #4
    rassj1

    rassj1

    Status Member (Offline)

    Joined: Feb 21 2017

    Posts: 2

    Spain is RUINED FOR 50 YEARS' Economist predicts crisis and ...

    ‘Spain is RUINED FOR 50 YEARS’ Economist predicts crisis and slams ECB over ‘crazy’ loans
    Looks like article has been removed so found it on cached site:-
    http://webcache.googleusercontent.com/search?q=cache:http://www.express.co.uk/news/world/770674/Euro-Foreign-Currency-Collapse-ECB-loans-debt-interest-Spain
     
     

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