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    Daily Digest 4/25 – FL Coastal Homeowners In Jeopardy, Feudalism and the “Algorithmic Economy”

    by DailyDigest

    Tuesday, April 25, 2017, 1:10 PM

Economy

Masking the SDR with a New Gold Standard (yogmonster)

A third option which Forbes puts forward is the return to a new gold standard. This option has also been discussed and reviewed here on POM in the article The Greatest Deal of All Time – A Trump Gold Standard and on the Republican Party of Canada site with the article An Incremental Return to Gold-Backed National Currencies – And Why A Supra-Sovereign SDR Reserve Asset May Just Make That Work.

Trump Signals Shift on Wall Funding to Avert Government Shutdown (jdargis)

“On funding the border wall, Trump said he could get it this week or the administration could come back to it in September,” Trey Yingst, a White House correspondent for One America News, reported in a tweet. A White House official who asked for anonymity confirmed what Trump said during the private meeting.

Democrats, whose votes will be needed to help pass the spending plan, hope he’ll blink to avoid an embarrassing milestone for a new president trying to prove he can govern. A partial shutdown would start on Saturday, Trump’s 100th day in office.

Daring Economy (Jesper A.)

I would like to argue that the sharing economy is a bit like business in the old days — but there are some differences, which I will make agonisingly clear. Did you know that ´tradesman´ in old English litterally means a walking man, since ´traede´ in in all of the Nordic languages has the meanings of taking a step, and walking to this day. Sharing economics is not just going back.

Feudalism and the “Algorithmic Economy” (Afridev)

In a world in desperate need of positive imagery, a number of famed science fiction writers such as David Brin are recommending writers look at creating more beneficial, beneficent and Utopia-oriented stories, where people see the future as something to look forward to rather than promoting the more popular (and definitely easier to write) dystopias.

Billionaire Jack Ma says CEOs could be robots in 30 years, warns of decades of ‘pain’ from A.I., internet impact (blackeagle)

The Alibaba founder warned that social conflicts could have a "huge impact" on all walks of life. Ma's company has invested in areas such as cloud computing and artificial intelligence as it expands into new sectors beyond its e-commerce business.

Global Silver Mining Industry Productivity Falls To The Lowest In History (yogmonster)

Even though the top 7 Primary Silver Mining Companies increased their production to 158 Moz in 2016, the amount of ore they processed also reached a record high. For example, these silver mining companies processed a record 21.3 million tons of ore in 2016 compared to 19.9 million tons in 2015. Furthermore, the top silver miners only processed 9.4 million tons of ore in 2005 to produce 123 Moz of silver… yielding 13 oz/t.

As Conflict Rages On, Russia Lands Oil Deals In Syria (Michael K.)

To be fair, Iran’s “worldwide” reputation was likely maimed due to six years of international sanctions against the nation’s oil sector, which were only lifted in January of last year. As the world’s largest energy consumer, China is occupied with making sure locally produced fuel remains available for domestic use. Beijing’s foreign efforts have been focused on securing access to reserves in African countries, such as Angola, Nigeria, and Sudan.

The Nightmare Scenario for Florida’s Coastal Homeowners (PaulJam)

If property values start to fall, Cason said, banks could stop writing 30-year mortgages for coastal homes, shrinking the pool of able buyers and sending prices lower still. Those properties make up a quarter of the city’s tax base; if that revenue fell, the city would struggle to provide the services that make it such a desirable place to live, causing more sales and another drop in revenue.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/24/17

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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2 Comments

  • Tue, Apr 25, 2017 - 8:40am

    #1
    Uncletommy

    Uncletommy

    Status Bronze Member (Offline)

    Joined: May 03 2014

    Posts: 515

    As Conflict Rages On, Russia Lands Oil Deals In Syria

    Putin must have been taking lessons from Muhammad Ali and exercising the “rope a dope” method of international oil politics on the US. The Russians, Iranians, and Chinese seem to know more about strategic relations than the US based “bully” strategies. Oil runs the world and isolationist policies of the Trump cabal could turn the tables on him if the east continues its methodical march towards energy independence. whether its oil backed or gold backed SDR’s, the Chinese and Russians will certainly have a comfortable position if the SHTF. The Shell’s, BP’s, Exxon’s and Aramco’s of the world may be facing an uncomfortable reality if the Eurasian block continues its acquisition of new sources of energy. It may be, finally, leveling the playing field between east and west. Seems to me that Tillerson is spending more time in the eastern hemisphere than before. Oligarchs tend to stick together when it comes to the status quo, especially if they are feeling a loss of control. Read:
    http://oilprice.com/Geopolitics/International/Putin-And-Erdogan-Drifting-Away-From-The-West.html

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  • Wed, Apr 26, 2017 - 6:12am

    #2

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2936

    Greece's pensioners to suffer MORE: Europe demands austerity as

    Greece’s pensioners to suffer MORE: Europe demands austerity as …

    Express.co.uk-3 hours ago
    And while the country’s debt bubble continues to mount, as it tries to cope with the migrant crisis from 2015, its citizens are being penalised. Thousands of …

    Greece calls for debt relief as bailout talks resume in Athens

    EURACTIV-7 hours ago
    Greece calls for debt relief as bailout talks resume in Athens … He added that a sovereign government had the right to back out of a deal if its interlocutors did not …

    Gas tax hike not enough to fix California’s roads, group says

    The Mercury News-20 hours ago
    While calling SB 1 a good start, $52.4 billion “falls short of current $137 billion deferred maintenance deficit that has not been addressed,” Next 10 said.

    Fitch downgrades Birmingham’s credit rating

    Birmingham Business Journal-13 hours ago
    The city’s underfunding of the actuarially-determined pension contribution is viewed by Fitch as a form of deficit financing or liability deferral that essentially …

    New Report Shows Pennsylvania’s Pensions Are Doomed

    ValueWalk – ‎9 hours ago‎
    But this figure ignores future obligations like bonds, underfunded pension liabilities, and unfunded retiree healthcare cost. When these debts are included Pennsylvania’s unpaid bills total $74.2 billion dollars!!! In other words, there is no money to

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