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    Daily Digest 2/9 – Oceans Broke Heat Records In 2018, Venezuela As The Pivot For New Internationalism?

    by DailyDigest

    Saturday, February 9, 2019, 9:24 AM

Economy

Venezuela as the pivot for New Internationalism? (PaulJam)

From the outset, U.S. oil companies have feared that Venezuela might someday use its oil revenues to benefit its overall population instead of letting the U.S. oil industry and its local comprador aristocracy siphon off its wealth. So the oil industry – backed by U.S. diplomacy – held Venezuela hostage in two ways.

US aid arrives at Colombia border despite Maduro rejection (Thomas R.)

The arrival of the aid convoy on Thursday, which was organised jointly by the US and Venezuelan opposition leaders, came a day after Venezuela barricaded its own side of the border vowing not to allow entry.

SoftBank shares surge more than 17 percent after CEO Son announces ‘enormous’ stock buyback (Thomas R.)

SoftBank Group said it would repurchase 112 million shares worth 600 billion yen (approx $5.46 billion) in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock. That came as the company announced a more than 50 percent surge in its net income for the first three quarters of the fiscal year.

Goin’ Down! Fed Continues Balance Sheet Shrinking Of $14.2 Billion (Unwind Reaches $434 Billion, Remains on “Autopilot”) (thc0655)

This week it was $11.665 billion of US Treasury Notes and Bonds and $2,525 billion of US Floating Rate Notes. For a grand total of $14.2 billion reduction in liquidity.

Central Bank of Lithuania to Issue World’s First Numismatic Digital Coin This Year (newsbuoy)

“We want it to have a game element. We want to cheer up numismatics which is a dying area. Probably, a very small number of young people are now interested in collecting, but this is what central banks do, and we think of ways to remain in this changing environment.”

IBM Invests $2 Billion in New York Research Hub for AI (Thomas R.)

“Artificial intelligence has the potential to transform how we live and how businesses operate, and this partnership with IBM will help ensure New York continues to be on the cutting edge developing innovative technologies,” Cuomo said in a statement.

Amazon invests in a self-driving car startup (Thomas R.)

Like many similar startups, Aurora is focused on developing a driverless system rather than producing full-fledged cars. You could integrate its technology into various vehicles, and companies like Hyundai and VW have already pledged to use Aurora software in their cars by 2021. Amazon could use this for self-driving cargo and courier vehicles, reducing its need for human drivers (like it or not) and speeding up delivery times by keeping products moving around the clock.

Steve Gowans On Venezuela Coup—US efforts to topple Maduro spurred by business interests, not democracy (John J.)

In almost every instance, US regime change interventions around the world have been motivated either directly or indirectly by commercial considerations, and were undertaken to restore or protect the primacy of US business interests in foreign lands. And in many cases, the interventions paved the way for the installation of rightwing dictatorships.

‘My whole town practically lived there’: From Costa Rica to New Jersey, a pipeline of illegal workers for Trump goes back years (tmn)

Other former employees of President Trump’s company live nearby: men who once raked the sand traps and pushed mowers through thick heat on Trump’s prized golf property — the “Summer White House,” as aides have called it — where his daughter Ivanka got married and where he wants to build a family cemetery.

11 Warning Signs of Gaslighting (DennisC)

Anyone is susceptible to gaslighting, and it is a common technique of abusers, dictators, narcissists, and cult leaders. It is done slowly, so the victim doesn’t realize how much they’ve been brainwashed. For example, in the movie Gaslight (1944), a man manipulates his wife to the point where she thinks she is losing her mind.

Ford Is Hiring More Workers to Make More SUVs (Thomas R.)

First, this announcement means the end of the big Ford Taurus sedan in the United States, at least for now. These factories currently manufacture the Taurus alongside the outgoing Ford Explorer, but there’s no all-new Taurus coming to the U.S. market. If you had any doubts that Ford is serious about eliminating sedans from its North American product portfolio, erase them.

The ‘Shocking Details’ Of The Green New Deal (Michael S.)

Rep. Ocasio-Cortez and Senator Markey finally unveiled a resolution on February 7, sketching out the framework of future legislation. The bill was necessarily done in broad strokes for several reasons. The Democrats have to wait until 2021 at the earliest before trying to pass something. Keeping everyone on board, at this stage, requires some finessing, leaving some difficult decisions for later. And, of course, detailing the nitty gritty of a complete transformation of America’s energy system will take time.

Our oceans broke heat records in 2018 and the consequences are catastrophic (John J.)

So oceans are key, and they are telling us a clear story. The last five years were the five hottest on record. The numbers are huge: in 2018 the extra ocean heat compared to a 1981-2010 baseline amounted to 196,700,000,000,000,000,000,000 joules. The current rate of ocean warming is equivalent to five Hiroshima-size atomic bombs exploding every second.

Native Australian microbats could be a natural pest solution for vineyards (Henry H.)

“At the moment, we’re just looking at what microbats will be around and then eventually we’d like to see what microbats eat — so to see if they eat some of those insects that cause damage to the grapes,” Dr Sparrow said.

How Japan’s Ancient Trees Could Tell The Future (tmn)

About every 400 years, the researchers found, the amount of rain falling on Japan would suddenly become extremely variable for a period. The nation would toggle between multi-decadal bouts of flood-inducing wetness and warmer, drier years that were favorable for rice cultivation. As the rains came and went, Japanese society prospered or suffered accordingly.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/7/19

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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6 Comments

  • Sat, Feb 09, 2019 - 3:07pm

    #1
    gyurash

    gyurash

    Status Member (Offline)

    Joined: Sep 07 2016

    Posts: 8

    Amazon deliveries with Driverless Trucks

    I can totally see how this can work. Since current trucks have a human driver that also unloads the contents at various locations and will no longer be needed, the driverless truck can use an automatic conveyor in the back to drop your package into your street curb as it drives by without stopping. Just think of how many ways that will reduce costs for the company !

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  • Sat, Feb 09, 2019 - 5:34pm

    #2

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1426

    Is Civil War coming to America? Don't scoff.

    Jonathan Roth (a Canadian):


    A “Vice” special report:
    https://www.youtube.com/results?search_query=vice+a+house+divided&sp=mAEB
    “Happy Hunger Games.  And may the odds be ever in your favor.”

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  • Sun, Feb 10, 2019 - 11:19am

    Reply to #2
    acesovereggs

    acesovereggs

    Status Member (Offline)

    Joined: Aug 22 2018

    Posts: 4

    Good video

    Thanks for sharing the video above.  I’ve listened to a couple of others in this series and so far they have been fascinating.  Two thumbs up. 

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  • Mon, Feb 11, 2019 - 7:19am

    #3

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2925

    Two Large Chinese Borrowers Miss Bond Payments, Sources Say

    Two Large Chinese Borrowers Miss Bond Payments, Sources Say

    Bloomberg-7 hours ago
    If China Minsheng ends up defaulting, it may rank alongside Wintime Energy as one of China’s biggest failures, with 232 billion yuan ($34.3 billion) of debt as of …

    India’s Shadow Bank Tumult Casts a Widening Gloom

    Bloomberg-10 hours ago
    This is despite authorities sequestering IL&FS’s $12.8 billion debt under a bankruptcy process; pumping $33 billion of durable liquidity into the banking system; …

    German bund yield holds close to 2-1/2 year lows as economic woes …

    Nasdaq-5 hours ago
    The spread of Italy’s 10-year debt over top rated Germany fell slightly to 284 basis … Investors sold Italian debt last week following an 8 billion 30-year bond sale …

     

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  • Mon, Feb 11, 2019 - 8:00am

    #4

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2925

    George Soros....European Union will go the way of the Soviet Uni

    Opinion: Europe may be on the cusp of a nightmare, but it’s not too late to wake up
    Europe is sleepwalking into oblivion, and the people of Europe need to wake up before it is too late.
    If they don’t, the European Union will go the way of the Soviet Union in 1991. Neither our leaders nor ordinary citizens seem to understand that we are experiencing a revolutionary moment, that the range of possibilities is very broad, and that the eventual outcome is thus highly uncertain.
    Most of us assume that the future will more or less resemble the present, but this is not necessarily so. In a long and eventful life, I have witnessed many periods of what I call radical disequilibrium. We are living in such a period today.

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  • Mon, Feb 11, 2019 - 10:28am

    #5

    davefairtex

    Status Diamond Member (Online)

    Joined: Sep 03 2008

    Posts: 3084

    The EU: going the way of the soviet union

    If they don’t, the European Union will go the way of the Soviet Union in 1991. Neither our leaders nor ordinary citizens seem to understand that we are experiencing a revolutionary moment, that the range of possibilities is very broad, and that the eventual outcome is thus highly uncertain.

    My goodness, we hear truth at last.  EU is going the way of the Soviet Union.  Mr Juncker, Tear Down That Wall!!
    Amusingly, the EU parliament was actually patterned after the old Soviet Duma.  The Duma could only say “yes” or “no” to legislation put forward by the central committee.  (And they always voted YES, if they knew what was good for them.)  Similarly, the EU parliament can only say “yes” or “no” to the legislation put forward by the unelected European Commission.  Voting requirements aren’t as draconian at the EU, but structurally, if you can’t initiate or repeal legislation, you’re a toothless, rubberstamp-only body.  All you can do is act like a 2-year-old.  NO!  NO!  NO!  That’s it.
    And the President of the EU?  Surely he is elected, right?
    Here’s an article I dug up from the Guardian which describes how the EU President, Mr Juncker, got into office.
    https://www.theguardian.com/world/2014/jun/27/eu-democratic-bandwagon-juncker-president-wanted
    Did “the people” vote for Juncker?  My goodness no.  We can’t have that.  It was the usual smoke-filled room that would have done the old Tammany Hall bosses proud.  No “people” were involved in Mr Juncker’s election.
    If the EU goes the way of the Soviet Union, there is a reason for it: badly designed systems eventually end up on the ash heap of history.  The EU was utterly undemocratic from the get-go, and it just never got any better.  Anyone remember the EU-sponsored coup taking out Burlusconi in Italy?  Or the Troika, punishing Greece for decades because they had the effrontery to have endangered the German and French banks?
    I’m not saying the US is much better.  Corporations own and operate the Congress as a branch office.  But at least we can elect our President.  More or less anyway.  if The President does something utterly obnoxious to his constituents, he knows he will NOT get re-elected.  This puts limits on just how badly he will behave towards his citizens.  Mr Juncker (and the EC) have no such “feedback” from real people to their obnoxious actions.
    Yeah.  The EU is going the way of the Soviet Union, and for much the same reason.  A badly designed system eventually dies, crushed by the weight of its design flaws.
    Maybe, next time around, they’ll come up with a better design.  One that involves actual democracy, perhaps.

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