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    Daily Digest 4/21 – New Violence Reported in Eastern Ukraine, CA’s Thirsting Farmland

    by DailyDigest

    Monday, April 21, 2014, 2:23 PM


50 Years Into the War on Poverty, Hardship Hits Back (jdargis)

McDowell County, the poorest in West Virginia, has been emblematic of entrenched American poverty for more than a half-century. John F. Kennedy campaigned here in 1960 and was so appalled that he promised to send help if elected president. His first executive order created the modern food stamp program, whose first recipients were McDowell County residents. When President Lyndon B. Johnson declared “unconditional war on poverty” in 1964, it was the squalor of Appalachia he had in mind. The federal programs that followed — Medicare, Medicaid, free school lunches and others — lifted tens of thousands above a subsistence standard of living.

15 Years After Columbine, How “Never Again” Became “Oh Well” (jdargis)

Both responses, “never again” and “don’t bother trying,” offer statements about the USA. The former says “America is the greatest country on Earth. We went to the moon. Surely, we can stop kids from getting shot to death at school! If the Brits can do it, so can we. ” The latter says, “No, we can’t. We’re America. The greatest country on Earth and the cost of the liberty that makes us so is that our kids may get shot to death at school.”

Every time there is another mass shooting and nothing happens it becomes a little easier to believe that the “don’t bother” crowd is right.

New Violence Reported in Eastern Ukraine (jdargis)

The Russian foreign minister, Sergey V. Lavrov, on Monday accused Ukraine of violating an accord reached in Geneva last week that intends to reduce tensions in the region. “Steps are being taken — above all by those who seized power in Kiev — not only that do not fulfill, but that crudely violate, the Geneva agreement,” Mr. Lavrov said at a news conference in Moscow, according to Reuters.

Hong Kong, Some Bankers Back an ‘Occupy’ Movement (jdargis)

Mr. Chin and his supporters, who call themselves a financial arm of the “Occupy Central” movement, embody a trend that could prove increasingly troublesome for Beijing’s efforts to manage Hong Kong, which maintains its own separate administration and laws. Anxiety over mainland influence is reaching up the social ladder to include members of the professional establishment who outwardly appear to have much to gain from avoiding confrontation with the Chinese government and its supporters. While critics of Occupy Central warn that it could hurt economic confidence, its backers say Hong Kong’s long-term economic health requires political action to press for change.

Peter schiff debates progressive who says wealth should be confiscated (Herman J.)

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun.

Major media publisher admits it is “afraid of Google” (jdargis)

“Google knows more about every digital citizen than George Orwell dared to imagine in his wildest visions of 1984,” he says. Döpfner is particularly concerned about comments made by founder Larry Page, who said that there are lots of things the company would like to do but can’t do because they are illegal—pesky antitrust and privacy laws get in the way. Google has also expressed an interest in building floating working environments—for “seasteading.”

California’s Thirsting Farmland (jdargis)

And while this is not the state’s worst drought on record (that was in the 1920s), there are greater demands today on what water there is. A booming population and a sharp increase in lucrative crops like berries and nuts that require more water strain the system. In addition, environmental laws put into effect after the last major drought, in the 1970s, to protect fish and wildlife habitats have reduced the amount of water going to farmers.

These Are Some of the Oldest Living Things on Earth (jdargis)

The book is scattered with foreboding anecdotes of human impacts on these ancient organisms, many of them rare or even critically endangered. In South Africa, 13,000-year-old underground forests (populated by trees with most of their mass underground — a defense against fire in this arid region) are being poisoned to make way for fields and new roads. In Florida, kids high on meth started a fire inside the hollow trunk of a 3,500 year old cypress tree that burned it down. Being old, Sussman reminds us, is not the same as being immortal.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/25/13

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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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  • Mon, Apr 21, 2014 - 4:49pm



    Status Member (Offline)

    Joined: Dec 29 2009

    Posts: 1

    15 Years After Columbine- The

    15 Years After Columbine- The Utopia that you dream of where no one has weapons does not and will never exist.  Columbine was a gun free zone.  All but 2 mass shootings have occurred at gun free zones.  Then you have the mass murder committed with pressure cookers, box cutters, cars, fertilizer, and recently knifes.  No laws would have prevented this.  These are mentally deranged people who want to commit suicide after taking out multiple innocent individuals.  These people will ignore any new laws.  We need better reporting and treatment of mentally ill people.  More gun owners using a safe to store guns would also help.

    About 160 people a year are killed with rifles.  This is less than the number killed with hammers, about 1/3 the number killed by swimming pools, and far less than the number killed falling down stairs.  Owning a gun is a constitutionally protected right intended to prevent a tyrannical government. We are far safer having these guns.  Conservative estimates are the 80,000 crimes are prevented each year by lawful gun owners.

    Also, Colorado has passed draconian, unenforceable, unconstitutional gun laws.  The politicians who supported this will be punished in the next election.


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  • Mon, Apr 21, 2014 - 5:21pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2960

    Malls empty in Venezuela as economic woes bite


    1. Malls empty in Venezuela as economic woes bite
    2. China allows gold imports via Beijing, sources say, amid reserves buying talk
    3. Japan’s trade deficit quadruples year-on-year to record ¥13.75 trillion
    4. Russia Could See Second-Quarter Recession, Says Finance Ministry
    5. Spain banks' bad loans ratio 13.4 pct in February
    6. Bank Defaults Seen as Dark Side of Deposit Vows: China Credit
    7. Bankrupt City Fighting to Open a Crack in California’s Pension Agency
    8. Daniel Borenstein: City Auditor warns pensions threaten Oakland's solvency

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  • Mon, Apr 21, 2014 - 6:43pm



    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1520

    China moves to conceal gold buying

    China is moving to further obscure what little knowledge the world has about how much gold it is buying.  This is one of the signs Rickards mentions in The Death Of Money and makes perfect sense if China is building up its reserves without causing the price to shoot up.  I can't think of a more powerful reason to keep converting Federal Reserve notes into money (gold)!! The next time China announces its official holdings (last time was in '09), the announcement will cause gold to gap up significantly on world markets and may lead to extreme turmoil in world financial markets.  That will be too late to start buying gold for your own survival.

    Rickards asserts the US is helping China keep the gold price down while it converts tertiary wealth into gold so the world can move to a new monetary system in which gold is a central part and China is fairly represented.  China won't be fairly represented until gold is a much larger portion of its reserves than it currently is (at least by official statements).  Once China has "enough" gold, the trap will be sprung and whoever is not positioned at that moment will be crushed and left behind.  The excellent work of gold researchers, often cited here on PP, indicates China will "soon" have "enough."

    Anyone else like me keeping their ear to the ground waiting for an unexpected Sunday evening press conference to announce the outline of the new monetary system?  That's what FDR and Nixon did and it makes perfect sense to announce the changes over the weekend (preferably on Sunday evening) when markets are closed and you can catch the sheeple and the unimportant nations off-guard. Banks and markets may be closed the next day (Monday) or TPTB may leave them open until they crash and then close them.  It could all be over, except the crying, within hours or at most a few weeks.  Bankruptcies, bail-ins, gold gapping up to $9,000/oz, massive layoffs, etc.

    "Welcome to the Hunger Games. And may the odds be ever in your favor."

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  • Mon, Apr 21, 2014 - 6:46pm


    Taz Alloway

    Status Bronze Member (Offline)

    Joined: Feb 18 2010

    Posts: 461

    What price asparagus?

    …lust for this luxury vegetable is creating a water crisis in Peru, leading to daily hardship, loss of livelihood and civil unrest. The UK charity, Progressio, investigated the crisis in 2010. What they found was alarming.
    The Ica Valley in Peru is one of the driest places in the world. Thanks to major investment, mostly from the World Bank, large agri-businesses re-greened the desert in the 1990’s with monoculture fields of asparagus. According to Progressio, “cultivation of asparagus in Peru exploded to cover nearly 100 square kilometres by 2008.” They also reported that since the boom, “the water table in the valley has plummeted in places by as much as eight metres each year.”

    Asparagus: Draining Peru dry

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  • Mon, Apr 21, 2014 - 7:57pm



    Status Bronze Member (Offline)

    Joined: Oct 01 2008

    Posts: 263

    Just a thought.

    thc0655: I think your theory is right on.  Especially about the Sunday night announcement.  We may be safe until the world series, or the beginning of football season as that would allow for the fewest number of people to be paying attention when the word goes out.



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