Investing in precious metals 101
  • Daily Digest
    Image by scragz, Flickr Creative Commons

    Daily Digest 2/22 – Playing With Nuclear Fire At Fukushima, De-Dollarization In Russia

    by DailyDigest

    Sunday, February 22, 2015, 4:08 PM

Economy

What ISIS Really Wants (jdargis)

Our ignorance of the Islamic State is in some ways understandable: It is a hermit kingdom; few have gone there and returned. Baghdadi has spoken on camera only once. But his address, and the Islamic State’s countless other propaganda videos and encyclicals, are online, and the caliphate’s supporters have toiled mightily to make their project knowable. We can gather that their state rejects peace as a matter of principle; that it hungers for genocide; that its religious views make it constitutionally incapable of certain types of change, even if that change might ensure its survival; and that it considers itself a harbinger of—and headline player in—the imminent end of the world.

Inflation Is Dead, Long Live Inflation (DG)

For reasons that will remain unknown to us peasants, the momentum changed just before Christmas of 2014, and continues to climb higher. Just as deflation got stubbornly out of control, I think inflation, as it comes to us, will become dangerously difficult to control.

De-Dollarization: Russia Ratifies $100 Billion BRICS Bank (pinecarr)

Simply put, as Sovereign Man’s Simon Black warns, “when you see this happen, you’ll know it’s game over for the dollar…. I give it 2-3 years.”

Fukushima: Playing With Nuclear Fire (pinecarr)

Three years after the Tohoku earthquake in Japan, citizens and the international community are left wondering if Japan really does have the situation in Fukushima under control… “TEPCO’s own engineers are clueless… nobody knows how much [radiation] is washing into the ocean.”

A Deal That Preserves Greece’s Place in Eurozone, and Fiscal Restraints (jdargis)

Greece’s hoped-for new dawn for Europe ended on a rain-drenched Friday evening in the Justus Lipsius Building, a huge, Soviet-style Brussels office block where finance ministers from the 19 countries that use the euro — known as the Eurogroup — had gathered for their third emergency meeting in two weeks.

Disclosures of Battle Plan by Pentagon Startle Many (jdargis)

The disclosures also caught the new defense secretary, Ashton B. Carter, by surprise. “The secretary is always concerned about operational security and wants us to be mindful that we don’t put information out there that isn’t necessary,” a senior defense official told reporters traveling with Mr. Carter on Friday to Afghanistan, his first overseas trip in his first week on the job.

NATO’s Response to Putin’s Odd War Games Won’t Be Fast (jdargis)

NATO’s commander “does not have peacetime operational control and would have to wait for allied governments to make a decision,” said John R. Deni, a professor at the U.S. Army War College’s Strategic Studies Institute in Carlisle, Pennsylvania. The concern is “something less than a very clear attack, an obvious assault, tanks crossing the border. That would require time for the alliance to figure out what’s going to happen. Depending on the nature of the crisis, that delay could be substantial.”

Labor fight at West Coast ports comes to an end — for now (jdargis)

The same question came up the last time the east coast ports came to an agreement with their longshore union, in 2012, when a shutdown was narrowly averted. Although the east coast dockworkers haven’t actually gone on strike since 1977, periodic contract negotiations cause widespread unease among shippers, who are looking for some sort of assurance that commerce wouldn’t grind to a halt. The process has changed over the decades — now the ports negotiate all together rather than one by one. But while that prevents smaller-scale strikes, it raises the stakes of coast-wide negotiations that could shut them all down at once.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/20/15

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."

Related content
» More

11 Comments

  • Sun, Feb 22, 2015 - 4:43pm

    #1

    Bankers Slave

    Status Silver Member (Offline)

    Joined: Jul 26 2012

    Posts: 513

    Fukushima: Playing with nuclear fire.

    Please watch the video posted above by Pinecarr. 

     

    Takes disturbing to a whole new level! 

    Login or Register to post comments

  • Sun, Feb 22, 2015 - 4:43pm

    #2

    Bankers Slave

    Status Silver Member (Offline)

    Joined: Jul 26 2012

    Posts: 513

    Fukushima: Playing with nuclear fire.

    Please watch the video posted above by Pinecarr. 

     

    Takes disturbing to a whole new level! 

    Login or Register to post comments

  • Sun, Feb 22, 2015 - 6:35pm

    #3

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1435

    50 shades of Greece

    http://www.theautomaticearth.com/2015/02/50-shades-of-greece/

    When it comes to the ongoing Greek question, I see a lot of people eagerly jump to conclusions, after the ‘debt deal’, that I don’t think are justified; certainly not yet. The overall conviction in the press seems to be that Syriza has given in on just about all fronts, and Germany and Dijsselbloem are the big winners. 

    But since that may well be the exact position Syriza wants ‘the other side’ to be in, where they think they have prevailed, one will have to try and think a few steps ahead before judging the situation. There’s far more grey area here than many pundits seem to assume, easily 50 shades of it.

    If Greece wouldn’t have given Germany the idea that it was winning, Athens would have already come very close to an exit from the eurozone. The problem with that is that it is not part of the mandate Syriza has been given by Greek voters. Who have spoken out for an end to austerity, but within the existing euro framework. 

    Varoufakis et al. may long have concluded that such a set-up is simply not realistic, but they would still have to work up to a situation where, at some point, they can present this to the people. And that can only be done after they can convincingly show that Germany and Holland refuse to honor the democratically decided mandate Syriza brings to the table. 

    They would have to make absolutely sure that the other side gets the blame for the failed negotiations. They have to do that anyway, even if a Grexit is not their preferred outcome. They need to be able to prove that they bent over backwards and Germany still wouldn’t play ball.

     

    Login or Register to post comments

  • Sun, Feb 22, 2015 - 11:31pm

    #4

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Fukushima Frustration,

    Does anyone else see the advantage of scalable, transportable, prodigious Cold Fusion in comparison to traditional nuclear power, even if it does not produce plutonium for Thermonuclear Armageddon?

    Or is it just me?

    Did I mention that the ingredients are ridiculously cheap? This version uses grams of nickel and a sniff of hydrogen.

    Nope. It is not just me.

    But try getting this message through to the MSM! Sheesh. The only reason that there are zero comments on this beat-up of hot fu$$ion is that they have ignored mine. Aunty ABC radio national is hyperventilating at the thought of this Huge Project, ITER.

    Login or Register to post comments

  • Mon, Feb 23, 2015 - 9:13am

    #5
    Gojohn53

    Gojohn53

    Status Member (Offline)

    Joined: Apr 12 2012

    Posts: 0

    50 Shades Of Greece

    Four months gives Greece the breathing room to print up new currency and secretly pass the law that locks up Greek bank deposits.  Greece will default or not repay either principle or interest in four months.  Greek austerity ends in four months.   A new local currency in Greece in four months.  Greece will not be able to borrow so will have to produce something.  This will be easier when Euro denominated costs drop in half in the new currency.

    If Greece prints to pay welfare, pensions and government projects the new currency will be worthless (hyperinflation) in no time.

    If Greece changes the rules, people have to work, work, work the new currency will be successful.  Low or no minimum wage, smaller pensions at truly old age 67, few government workers, fewer and smaller government programs, less vacation, holidays, no mandated severance.  In other words higher real output per worker. Very limited self paid disability insurance. And of course the rule of law to attract investors. So much unfun stuff to be successful will make success elusive.

     

    Login or Register to post comments

  • Mon, Feb 23, 2015 - 9:17am

    #6
    Gojohn53

    Gojohn53

    Status Member (Offline)

    Joined: Apr 12 2012

    Posts: 0

    (No subject)

     

     

    Login or Register to post comments

  • Tue, Feb 24, 2015 - 3:07am

    #7

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    1 in 3 Americans on verge of financial ruin

    (For 2/23)

    Headlines:

    1. 1 in 3 Americans on verge of financial ruin
    2. Euro gives up Greece-fueled gain on concerns the drama isn’t over
    3. Stock valuations climb as retailers wrap earnings season
    4. Pension liabilities grow as people live longer
    5. Greek bank deposit outflows rose to 3 billion euros last week: JP Morgan
    6. Why Greece will never repay its debt
    7. Ukraine bonds fall to 40 cents in dollar as sell-off grip
    8. Pension sytem and road fund could derail state budget (New Jersey)
    9. Atlantic City: Decline of the boardwalk empire
    10. Maryland sate retirement obligations pose major threat to Hogan's fiscal plans
    11. As roads age, cash for fixes dwindles
    12. Brazil Real Falls to 10-Year Low as Deeper Contraction Forecast
    13. Rig decline becoming widespread: Morgan Stanley

    Login or Register to post comments

  • Tue, Feb 24, 2015 - 4:05am

    #8

    HughK

    Status Gold Member (Offline)

    Joined: Mar 06 2012

    Posts: 571

    M King Hubbert: Wrong Again

    This Lucrative New Oil Extraction Method could be a game changer!

     

    Login or Register to post comments

  • Tue, Feb 24, 2015 - 4:58am

    #9

    LesPhelps

    Status Silver Member (Offline)

    Joined: Apr 30 2009

    Posts: 465

    BRICS Bank

    Very little press on the BRICS Bank.  Apple coming out with a new electric car must be a more Earth shaking event than plans to end the U.S. Dollar's reserve currency status.

    It is a strange world we live in today.

    Login or Register to post comments

  • Tue, Feb 24, 2015 - 5:35am

    #10

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    U.S. probing big banks over pricing of gold, other metals

    U.S. probing big banks over pricing of gold, other metals

    Login or Register to post comments

  • Tue, Feb 24, 2015 - 1:05pm

    #11

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Mood Music while Watching the Crash.

    Login or Register to post comments

Login or Register to post comments