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    Daily Digest 3/10 – A Secret History Of The American Crash, Find Your Next Pig Thing

    by DailyDigest

    Monday, March 10, 2014, 3:39 PM

Economy

Ukraine Gold Reserves Said To Be Put On Plane For Safekeeping in the U.S. (Thomas C.)

Official narrative: gold bullion is going to USA (maybe to reassure the Germans their gold is in safe hands, after all the despite numerous requests from the German Govt The Feds have not given access for them to even view their Gold Bullion) . Real narrative: probably to Switzerland where it is divided between Yulia Tymoshenko and her cronies.

Younger generations may well be in for a bumpy economic ride (HughK)

So far, every prediction in the modern era that mankind’s lot will worsen, from Thomas Malthus to Karl Marx, has turned out to be spectacularly wrong. Technological progress has trumped obstacles to economic growth. Periodic political rebalancing, sometimes peaceful, sometimes not, has ensured most people have benefited, albeit some far more than others.

A Secret History of The American Crash (Gonzalo L.)

Written from the point of view of the year 2020, the Secret History presents the testimony of eye-witnesses to the events that marked and shaped America between 2014 and 2020, such as: a violent economic collapse that dwarfs the Great Depression: Gasoline shortages—food riots—mass unemployment—collapse in basic services—mass migrations—and the end of the dollar as the reserve currency.

Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says (Dana T.)

Borrowing has soared as central banks suppress benchmark interest rates to spur growth after the U.S. subprime mortgage market collapsed and Lehman Brothers Holdings Inc.’s bankruptcy sent the world into its worst financial crisis since the Great Depression. Yields on all types of bonds, from governments to corporates and mortgages, average about 2 percent, down from more than 4.8 percent in 2007, according to the Bank of America Merrill Lynch Global Broad Market Index.

Nigerians Ask Why Oil Funds Are Missing (jdargis)

In interviews here, Mr. Sanusi gave a detailed account of the events that he said led to his ouster on Feb. 20, a dismissal that continues to depress the country’s currency and frighten investors. He said his warning to the bankers had been reported straight back to the threatened seat of power in the country’s capital, Abuja.

It was too much, he said. With his accusations, which outside analysts consider credible, the soft-spoken, bow-tied central banker appeared to have penetrated to the heart of the country’s entrenched corruption problem.

Hydropower increasingly important in Scotland (James B.)

Scotland’s First Minister and SNP leader Alex Salmond has insisted that Scotland would not be reliant on the North Sea, describing it as “not the basis of the Scottish economy” but “a marvelous bonus” and suggested the setting up of a Scottish oil fund.

Which Pig: Find Your Next Pig Thing (jdargis)

With a lifespan of at least 10 years, a pet pig is a big commitment. Outdoor pigs need a nice dry place to sleep, like a strawfilled shed or doghouse. Indoor pigs need comfortable, soft bedding — large crates or dog beds work well. As natural herd animals, pigs like company, so much so that pig owners report it’s often easier to keep two pigs than just one. And your pigs will need space to exercise. The major problems with pigs of all kinds, says Dr. John Carr, a veterinarian specializing in pigs, is that “the adults are generally overfed.” In other words, don’t let your porker become a porker.

Americans have no idea how much water they’re using (jdargis)

It’s not totally clear why there is such a disparity between what people consider reasonable for themselves and what they recommend for others, and this study didn’t test that question explicitly. Efficiency strategies are generally more effective than curtailment in terms of reducing long-term water use, but it’s possible that the upfront cost of installing high-efficiency appliances sounds more appealing if someone else is footing the bill.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/8/14

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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