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    Daily Digest 2/4 – How To Build An Autocracy, Vegetable Crisis Hits Supermarkets

    by DailyDigest

    Saturday, February 4, 2017, 4:07 PM

Economy

How To Build An Autocracy (Doug)

Those citizens who fantasize about defying tyranny from within fortified compounds have never understood how liberty is actually threatened in a modern bureaucratic state: not by diktat and violence, but by the slow, demoralizing process of corruption and deceit. And the way that liberty must be defended is not with amateur firearms, but with an unwearying insistence upon the honesty, integrity, and professionalism of American institutions and those who lead them. We are living through the most dangerous challenge to the free government of the United States that anyone alive has encountered. What happens next is up to you and me. Don’t be afraid. This moment of danger can also be your finest hour as a citizen and an American.

On the same day Rex Tillerson is confirmed, the House votes to kill a transparency rule for oil companies (Uncletommy)

That foot-dragging proved significant: Under the Congressional Review Act, the House and Senate can basically vote to repeal any Obama-era regulation finalized after June 13, 2016, by a simple majority vote — as long as the president agrees. And the SEC’s “resource extraction rule,” detested by the oil industry, was one of the first rules the GOP decided to target using the CRA.

Trump Signs Executive Orders Rolling Back Dodd-Frank, Fiduciary Rule (Don R.)

Meanwhile, Elizabeth Warren – rightfully according to some – lashed out at Trump for rushing to undo the key Wall Street regulations, and issued a statement in which she said “The Wall Street bankers and lobbyists whose greed and recklessness nearly destroyed this country may be toasting each other with champagne, but the American people have not forgotten the 2008 financial crisis.”

BREAKING: Federal Judge Rules Against Presidential Debate Commission (Aaron M.)

During oral arguments Lead Attorney for LPF, Alexandra Shapiro, argued the Commission on Presidential Debates (CPD) should lose its nonprofit status due to the unfair criteria used to determine eligibility in the presidential debates. The CPD, which is regulated by the Federal Election Commission, excluded non-major party candidates from participating in the debates in light of its 15 percent rule. According to the CPD, in order to participate in the presidential debates, a candidate must have “a level of support of at least 15 percent of the national electorate as determined by five selected national public opinion polling organizations…”

CALPERS Trying to Cover-Up Leaks of their Mismanagement (June C.)

I have stated many times that I have been called into board meetings around the world of major companies in many fields. I have been shocked at the lack of sophistication. Rarely do you find people who understand the financial markets, hedging, currency, or even how to invest at the board level. This is why I have not supported conspiracy theories that paint these institutions as all knowing. The truth is exactly the opposite. They need serious help. I have been called in countless times to deal with some urgent crisis and they need someone who actually has experience.

Apocalypse island: Tech billionaires are building boltholes in New Zealand because they now fear social collapse or nuclear war. So what do they know that we don’t? (Dana T.)

What the catastrophe will precisely be remains unclear, but possibilities include a devastating asteroid impact, giant earthquake, nuclear war, civil war, pandemic, zombie invasion and the Second Coming.

Tellingly, the geeks of Silicon Valley appear to be most worried that it will be a struggle between rich and poor in a world economy turned upside down by new technology — with them as the main targets.

A Large Crack Appeared In The Global Market… And No One Noticed (reflector)

When they first came out with their figures, the World Bank reported that global GDP declined from $78.4 trillion in 2014 to $73.9 trillion in 2015. As we can see they revised each figure up by $200 billion, but the overall decrease in GDP was still 5.7%. Regardless, the interesting thing to focus on is that during the U.S. and Global financial meltdown in 2009, the world GDP fell less in percentage terms at only 5.2%.

Another Travel Ban: IRS Moves To Revoke Passports For Unpaid Taxes (reflector)

The IRS says certifications will begin in early 2017, and the IRS website will be updated to indicate when this process has been implemented.

Long time U.S. vassal state Japan to bypass dollar and SWIFT to transact using China’s CIPS system in inter-bank settlement (reflector)

As the world continues to reject the dollar and the old financial model of a singular reserve currency, more countries are seeing the benefits of transacting in a bi-lateral environment. And once enough of these nations decides to follow this new economic model being laid out from Beijing, and create the critical mass needed to bypass the dollar completely, then the reserve currency will simply fade away via de facto consent, and force change onto the Western institutions that have run the global financial system for decades.

Record radiation level detected inside damaged Fukushima reactor (Michael_Rudmin)

An official of the National Institute of Radiological Sciences said medical professionals have never considered dealing with this level of radiation in their work.

According to TEPCO, the extremely high radiation level was detected inside the containment vessel, in the space around 2.3 meters away from the base of the reactor pressure vessel.

Iceberg lettuces and broccoli rationed as vegetable crisis hits supermarkets (Brunel)

Morrisons said availability of broccoli and iceberg lettuce in its stores was good and prices had not been affected – but some people had been bulk buying them because of shortages at other retailers.

“We have therefore had a cap on sales of broccoli and iceberg lettuce to ensure we maintain good supplies for our regular customers.

Gold & Silver

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

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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14 Comments

  • Sat, Feb 04, 2017 - 11:27am

    #1

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Bend yourself

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  • Sun, Feb 05, 2017 - 7:31am

    #2

    LesPhelps

    Status Silver Member (Offline)

    Joined: Apr 30 2009

    Posts: 465

    How to build an Autocracy

    How to Build an Autocracy wrote:

    Donald Trump, however, represents something much more radical. A president who plausibly owes his office at least in part to a clandestine intervention by a hostile foreign intelligence service?

    It is plausible, therefore, it’s true?  Are people truly this gullible?!  
    What ever happened to the capacity for critical analysis?  Does 40+ hours per week of mindless television destroy it?

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  • Sun, Feb 05, 2017 - 10:44am

    Reply to #2
    Tim Ladson

    Tim Ladson

    Status Member (Offline)

    Joined: Sep 22 2012

    Posts: 16

    A Little Critical Analysis

    Analysis is now outsourced to our betters at the various reliable shills for TPTB, The Atlantic being a prime example. So we can be in agreement with the very serious people who seek only to enlighten us.  
    Tim

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  • Sun, Feb 05, 2017 - 11:11am

    #3

    LesPhelps

    Status Silver Member (Offline)

    Joined: Apr 30 2009

    Posts: 465

    Enlightenment

    Well, I’m confused.  I need someone to help me understand why the people who label their opposition “haters,” are the very same people who are mugging and beating their opposition unconscious?
    Help me parse that behavior.

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  • Sun, Feb 05, 2017 - 12:06pm

    Reply to #3

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1435

    1984

    “War is peace.  Freedom is slavery.  Ignorance is strength.”
    — George Orwell, 1984
    “Love trumps hate.”  This slogan has to be raged like the following intellectual did for maximum impact. She insisted the police kick the asses of people trying to attend a Gavin McInnes event at NYU where violence was committed by the “Love trumps hate” people:


    Or this preschool teacher shows how love trumps hate (“We have to start killing white people”):


     

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  • Sun, Feb 05, 2017 - 2:54pm

    #4

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Racism alive and well it would seem

    Some areas are just best to avoid.

     

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  • Sun, Feb 05, 2017 - 5:28pm

    Reply to #3
    MarkM

    MarkM

    Status Silver Member (Offline)

    Joined: Jul 22 2008

    Posts: 347

    Heard a phrase recently that

    Heard a phrase recently that seems to apply, “An empty wagon makes a lot of noise.”

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  • Sun, Feb 05, 2017 - 6:53pm

    Reply to #1
    ezlxq1949

    ezlxq1949

    Status Bronze Member (Offline)

    Joined: Apr 29 2009

    Posts: 197

    But

    isn’t this mere autolatry?

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  • Sun, Feb 05, 2017 - 9:41pm

    Reply to #1
    reflector

    reflector

    Status Bronze Member (Offline)

    Joined: Aug 20 2011

    Posts: 252

    good vocab word

    ezlxq1949 wrote:

    isn’t this mere autolatry?

    good vocab word, i had to look that one up:
     

    autolatry
    n.

    “self-worship,” 1620s (in Latinate form autolatria), from auto- + -latry.
     
    however, i’m not sure why you would equate self-ownership with self-worship, not at all the same.
    seems like some people feel like they are the property of their government, and that’s pretty sad.

     

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  • Mon, Feb 06, 2017 - 2:51am

    #5

    blackeagle

    Status Bronze Member (Offline)

    Joined: May 16 2013

    Posts: 221

    Apocalypse island...

    Yep, let them go there.  😉 
    If they share the word, and if they go there, you can expect many of the Hollywood, Silicon Valley, Wall Street, el al. to gather there. Then life will become hell on these islands. The locals won’t like it at all. Hard time for both sides ahead. 
    Personally, I prefer the Canadian cold. This is a good way to put Mother Nature on your side to sift trouble away.
     

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  • Mon, Feb 06, 2017 - 6:17am

    #6

    Quercus bicolor

    Status Bronze Member (Offline)

    Joined: Mar 19 2008

    Posts: 190

    autocracy?

    Let’s try this theory on:
    Yes, The Atlantic, WaPo and other mainstream media outlets have made up all sorts of stuff about Trump that is not true and are part of a hidden agenda to keep him in check or even oust him.
    Yes, some anti-trump protesters are guilty, even to the extreme, of the very things they accuse Trump and his supporters of.
    We have been slipping towards autocracy since at least the Reagan presidency and every president since then has continued the trend.
    Hillary Clinton would have continued this trend as well, perhaps in a big way with a major war thrown in to the mix.
    And, yes, Donald Trump poses some very real risks of a different type of autocracy that is more populist and more visible, but no less dangerous.
    The media actions mentioned in (1) have everything to do with the aspirations of the deep state and nothing to do with what is really needed to empower the people of this nation.

    Thoughts?

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  • Mon, Feb 06, 2017 - 7:21am

    Reply to #3

    LesPhelps

    Status Silver Member (Offline)

    Joined: Apr 30 2009

    Posts: 465

    War is Peace...

    WOW!
    I just got a chance to view the videos you posted.
    I truly don’t know how to respond to such carefully considered, eloquent rhetoric.
    “Reparate” us, by giving us your f***ing money and property!  Your time is not enough.  We want everything you got.  
    That is a completely understandable platform.
    F*** you! F*** you!  F*** you!  
    That college professor must teach English, or English Lit?

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  • Mon, Feb 06, 2017 - 7:40am

    #7
    pat the rat

    pat the rat

    Status Member (Offline)

    Joined: Nov 01 2011

    Posts: 108

    hair cut

    When you come home from a hair cut and someone tells you that it looks good the world owns a piece of you. 

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  • Mon, Feb 06, 2017 - 8:02am

    #8

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    ECB won't act on temporary inflation spikes: Draghi

     

    European Central Bank head Draghi says stimulus still needed

    U.S. News & World Report-2 minutes ago
    FRANKFURT, Germany (AP) — The head of the European Central Bank says that its monetary stimulus efforts are still very much needed despite the recent …

    ECB won’t act on temporary inflation spikes: Draghi

    Reuters-52 minutes ago
    European Central Bank (ECB) President Mario Draghi testifies before the … calls, particularly from Berlin, have increased for the bank to claw back stimulus and …

    10-year JGBs steady after BOJ buying, other tenors fragile

    Reuters-9 hours ago
    The central bank bought 450 billion yen ($4 billion) of bonds with maturity of more than five to 10 years on Monday. The move followed its two separate …

    UPDATE 2-Investors shun French bonds on election jitters, seek safety in Germany

    Reuters – ‎3 hours ago‎
    France would default on its sovereign debt if it unilaterally converted its euro-denominated obligations into new francs following a Le Pen victory, a senior executive at ratings agency Standard & Poor’s told The Economist. Le Pen’s strong showing in

    Asia’s top banks warn that Chinese capital flight is becoming dangerous

    Telegraph.co.uk – ‎18 hours ago‎
    … troubles in the banking system. The Institute of International Finance estimates that outflows reached a record $725bn (£581bn) last year and there is little sign of any slowdown despite ever tighter capital controls. Mr Robertson said aggressive

    Trump policies, higher rates may spark emerging market debt crisis

    Asia Times – ‎10 hours ago‎
    The next one in this case isn’t a sovereign debt crisis or a banking/financial system crisis, the epicenter of the eruption could well be in the emerging market corporate sector. Global debt has reached US$217 trillion, equal to a record 325% of global

    Bill Gross: Central bank ‘financial methadone’ isn’t going to end well

    CNBC-2 hours ago
    The global central bank balance sheet has surpassed $12 trillion, Gross said. At the same time, Fitch Ratings recently reported that global sovereign debt with …

    Fleeing to Cash, Pakistani Businesses Seek to Avoid Tax Trap

    Bloomberg-11 hours ago
    The introduction of the bank charges more than a year ago in a country unused … While Pakistan’s central bank Governor Ashraf Mahmood Wathra called India’s …

    Pakistan’s net public debt crosses Rs18 trillion mark

    DAWN.com – ‎13 hours ago‎
    ISLAMABAD: Pakistan’s net public debt has crossed the Rs18.28 trillion mark, rising about 35pc during the tenure of the ruling Pakistan Muslim League-Nawaz (PML-N). This was reported by the ministry of finance, in response to a question from Pakistan …

    Cutting jobs, street repairs, library books to keep up with pension costs

    Los Angeles Times-4 hours ago
    Its credit rating is at junk status. And in November, voters rejected a tax increase that city leaders had hoped would help close a chronic budget deficit.

    Trump Says Obamacare Replacement Could Take Until Next Year

    Bloomberg – ‎13 hours ago‎
    Trump said in January that he’d put forward his plans for replacing the law, also called Obamacare, once Tom Price, his pick to run the Department of Health and Human Services, is confirmed. The Senate is expected to vote on Price later this week.

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