• Daily Digest

    Daily Digest 4/26 – The Ugly Truth About Renewable Power, Musk Says Tesla Sold Bitcoin to Prove Liquidity as Cash Alternative

    by Daily Digest

    Monday, April 26, 2021, 5:28 PM

Economy

Musk Says Tesla Sold Bitcoin to Prove Liquidity as Cash Alternative

Elon Musk said Tesla Inc. sold 10% of its Bitcoin holdings to demonstrate the token’s liquidity, while adding that he’s retained his personal investment in the cryptocurrency.

Tesla’s earnings report showed the firm — which bought more than $1 billion of the tokens earlier this year — generated $101 million in income from the sale. Musk said on Twitter that Tesla in essence was trying “to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.”

Biden Wants Millionaires To Foot The Bill For Big New Social Programs

On Wednesday night, President Biden will propose a plan for billions of dollars of new spending for childcare, education and paid leave, and he’ll ask Congress to help pay for it by raising taxes on the wealthiest Americans when they sell stocks and other types of investments.

The proposal, which is certain to face resistance from Republicans and even some Democrats, calls for hiking capital gains taxes for those who make more than $1 million a year to fund what the White House is calling the American Families Plan.

What makes digital real estate buying valuable? NFT expert explains

Millions of dollars are being spent on digital real estate as the NFT wave sweeps the internet – but what makes the virtual land grab so popular?

Nonfungible.com founder and president Dan Kelly explained to “The Claman Countdown” Monday that it’s more than having the ability to frolic through a pixelated universe, especially since Kelly himself recently sold a plot of his own land for more than $100,000.

Corn Prices Touch 8-Year High As Albert Edwards Worries About Food Inflation

Chicago corn futures are up 3% Monday as supply concerns drive prices to an 8-year high.

“Corn is in the driver’s seat as there are supply worries as well as strong demand,” a Singapore-based feed grains trader told Reuters. “Corn is pulling prices of wheat and soybeans higher.”

Apple Rolls Out Major New Privacy Protections For iPhones And iPads

Starting Monday, iPhone and iPad users will have a simple but powerful new way to control how their data is used.

With Apple’s latest software update, iOS 14.5, iPhone and iPad users will now encounter pop-ups in the apps they use, asking whether the user wants to allow the app “to track your activity across other companies’ apps and websites.” The user can then select whether or not to allow the app to track them and share their data.

GameStop Soars After Successful $551 Million Equity Raise

GameStop shares are surging in after-hours trading following a statement by the firm that it has successfully completed an “at-the-market” equity offering program, selling 3.5m shares for gross proceeds of about $551m.

That is an average price of $157 per share (and the stock is trading near $200 after hours)…

Energy

Honda Aims To Go All-Electric By 2040

Honda said on Friday it plans to sell only zero-emissions vehicles across all its major markets by 2040, becoming the latest automaker to set a concrete target date for phasing out gas- and diesel-powered engines.

In North America, the Japanese automaker said it would aim for 40% of its salse to be zero-emissions vehicles by 2030 and plans to increase the proportion to 80% by 2035.

The Ugly Truth About Renewable Power

When Texas literally froze this February, some blamed the blackouts that left millions of Texans in the dark on the wind turbines. Others blamed them on the gas-fired power plants.

The truth isn’t so politically simple. In truth, both wind turbines and gas plants froze because of the abnormal weather.

Gold & Silver

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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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20 Comments

  • Tue, Apr 27, 2021 - 5:41pm

    #1
    alanrgreenland

    alanrgreenland

    Status: Member

    Joined: Nov 07 2010

    Posts: 67

    2

    BS Headline to Today's Daily Digest

     

    Today's Daily Digest is advertised with a bullshit headline pooh-poohing renewable energy, based on an article with a link to a spam-filled web page (I had to close the browser window after I couldn't close all the pop-up windows it created) with an article that starts out saying renewables failed in Texas, but then going on to talk and talk and talk about California.  Complete and total bullshit, and I think I should be able to expect better from Peak Prosperity.  But I guess when nobody's minding the store, you get what you get -- a Pro-Oil site as a "source" of information about renewables.  Can't we do better than that?

    I guess I'm on the fence now about renewing my subscription.  I'm not understanding the value proposition...

    -- ARG

     

     

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  • Wed, Apr 28, 2021 - 8:02am

    Benefitbill

    Benefitbill

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    4

    BS Headline

    I read the article and enjoyed it. While I believe it is one sided in the discussion on energy, it did provide insight to the overall flaw in the argument. Energy production is not an either or discussion as presented, but rather an either and discussion. Renewable energy is an intermittent production source that can be mitigated by storage. Fossil fuel generation is a reliable source but generates CO2 as a by-product. We should be discussing how to incorporate renewables, storage and fossil fuel generation so as to achieve the best reliability with the least CO2, until such time as reliable renewals can fully offset fossil fuel generation. In other words how do we get from one point to another with the least disruption.

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  • Wed, Apr 28, 2021 - 10:50am

    #3

    000

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    Giuliani Acknowledges Knowing Of His Father's Criminal Activity

    "...The book describes Harold Giuliani's prison term for the armed robbery of a milkman and contends that the elder Giuliani was an enforcer for his brother-in-law's loan-sharking operation. ''Some of it,'' the mayor said, ''did come as a shock.''..."

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  • Wed, Apr 28, 2021 - 1:57pm

    pyranablade

    pyranablade

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    6

    Our Predicament

    Affordable fossil fuels are past their peak. Renewables that have the same qualities as oil might never materialize. With a habit of about 20 million barrels a day, we Americans are in a really bad place. If you disagree with that, you may need to go back to Chris Martenson's Crash course.

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  • Wed, Apr 28, 2021 - 2:14pm

    Mots

    Mots

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    8

    Renewable energy is an intermittent production source that can be mitigated by storage AND USAGE.

    BenefitBill
    Thank you for your comment.
    I want to add a little bit to your comment.  The big challenge with solar electric is that the Energy Return on Investment (overall efficiency of the energy source) drops by about a factor of four when "mitigation by storage" is carried out.  This "mitigation by storage" is completely unacceptable and is the number one problem to our energy-based future.

    Plants have instead been mitigating by usage, for more than 100 million years.  They have evolved to use almost all of their collected solar energy during the time of collection.  We can likewise mitigate intermittency via scheduling.  For example 30% of household energy is used for plain heating, yet an insulated hot water tank IS stored energy that can be produced during sunshine (and now benefits from 300% efficiency of conversion of solar energy to stored heat energy via heat pumping).

    Gail Tyerberg stated during an interview here that solar is a failure because the billing structure does not fit in.  But if our financial wizards are smart enough to come up with derivatives trading and paper gold markets, I am sure that they can come up with reality billing, whereby the cheapest energy on the planet (solar electric during noontime) is priced according to its actual cost, based on sunshine availability and avoidance of lucrative/profoundly profitable storage systems that jack up the price four-fold.  If our brilliant financial minds can address reality by a true pricing mechanism, automatic mitigation by washing clothes, washing dishes, air conditioning, electrolysis of water, charging of car batteries during the time when electricity is profoundly cheap, will automatically alleviate this problem of "intermittent production source" and bring renewables into reality.

    No one is talking about this.  It will happen though, beginning in a developing country or in China where new technology is embraced much more vigorously, and where the most corrupt financial wizards do not control the government, but instead are shot.

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  • Wed, Apr 28, 2021 - 3:22pm

    #6
    Steven Kelso

    Steven Kelso

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    1

    21st Century "Energy Weaponry" Confirmed by DoD

    U.S. troops increasingly vulnerable to directed-energy attacks, Pentagon tells lawmakers

    DoD briefers identified Russia as a likely culprit.

    Officials told lawmakers that the phenomenon of suspected directed-energy attacks on U.S. personnel — which cause a mysterious illness similar to the “Havana syndrome” reported by American spies and diplomats starting in late 2016 — is growing across the world, according to three people who attended Wednesday’s briefing.

    The briefers also told lawmakers that the origin of the technology required in such attacks is “more likely than not in Russia,” one of the people said. One person familiar with the briefing said the briefers also pointed to China as a possible culprit, and didn’t know for sure who was behind the attacks.

    Knowing the DoD's modus operandi, this could just as well be "advertising" for one for their new toys. Or again, "aliens" and plausible deniability when these attacks start hitting folks en masse.

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  • Wed, Apr 28, 2021 - 9:31pm

    #7
    davefairtex

    davefairtex

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    2

    just one refinement

    Mots-

    I agree with everything you said.  Just one refinement:

    No one is talking about this. It will happen though, beginning in a developing country or in China where new technology is embraced much more vigorously, and where the most corrupt financial wizards do not control the government, but instead are shot.

    The "most corrupt financial wizards" in China are the CCP itself.   The banking system there is a study in CCP corruption.  That's why nobody wants the RMB as their reserve currency - banks "loan" money into existence to powerful CCP members, and it never has to be paid back.  Nice work if you can get it.  Not much "wizardry" there, though.  Just corruption.

    I think you got everything else right though.  Realtime pricing when renewable power is cheap would seem to be the right solution aligned with reality.

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  • Thu, Apr 29, 2021 - 12:51am

    David Henry

    David Henry

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    10

    Jimmy Carter

    Mots makes the great point that ensuring energy supplies is not just a technical problem but involves our behavior. Can we accept that perhaps we should modify our behavior to take advantage of energy when it's abundant and limit ourselves when it's not?

    I think this actually has been talked about before in the US, by Jimmy Carter. I was too young to clearly remember when he put on a cardigan sweater and told us all to adjust our thermostats while he sat in the White House.

    More recently I read an account by Paul Volcker of how he told President Carter that he could put a stop to inflation/stagflation by raising interest rates but it would probably cost Carter a second term. Carter did the right thing, allowed Volcker to administer a painful medicine, which kept the dollar alive but led to people blaming Carter for their pain. I think subsequent politicians learned the lesson: do anything in the short term to keep the game running, even if the long term consequences are disastrous. Listening to Adam's podcasts, sometimes he asks, what should we do? or what should the Fed do? Nobody since President Carter has had the courage to administer short term pain in order to reap long term benefit. Perhaps partly because Carter is often remembered as a failed president.

    A few years ago, an interviewer asked Jimmy Carter what he was most proud of (regarding his presidency). He answered, "I tried very hard not to kill people." I remember being shocked while watching this, and even the interviewer was stopped in his tracks for a moment. The statement is so obvious. Only psychopaths would want to kill people. But it also exposed a central myth of American exceptionalism, that the US has the right to kill people anywhere in the world in the name of a variety of lofty ideals when it suits our purpose.

    Carter espoused an American humility that I hope we can return to and revaluate more highly, because I think a renewed American humility might address a number of our pressing problems.

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  • Thu, Apr 29, 2021 - 4:21am

    Mots

    Mots

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    Joined: Jun 18 2012

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    15

    Jimmy Carter

    David H
    I am old enough to remember Carter well.
    He was the most hated president because he tried to put a stop to our destructive hedonistic behavior.  His successors distinguished themselves from Carter`s legacy and became popular by egging us on and insisting that we buy and consume more and more stuff instead of exercising self discipline.

    Carter made it illegal for American companies overseas to bribe officials.  He was hated for that.  Carter gave us the freedom of information law (sp?) from which Americans have the right to file FOI requests and get records that the govt has on them.  Carter was hated by the military industrial establishment.

    Carter got us to drive our cars slower (55mph) when we had a gas emergency, to increase efficiency and wanted us to adapt to lower petroleum consumption.  He was hated for that.

    Since he left office Carter has been building houses for the homeless.  He is an engineer (nuclear power) and not so much a politician.

    The country is moving yet further away from Carters rational approach to the future and any future Carters are impossible. Maybe the present path "you will own nothing and be happy" is the alternative approach to Carter`s low consumption future, brought to us by our new neofeudal sociopaths.  Since Carter’s approach was not acceptable maybe it is good to just go directly into neofeudalism under the "new world order" where you own nothing and are happy. I say this because the alternative to the new world order is a cultural revolution wherein many die and we end up with the same neofeudal system at the end anyway.  THe ca. 90-95 percent of all people absolutely insist on avoiding rational thought/action and must get instructions from sociopaths, who have taken over CNN and the like.  They can riot and burn, or they can have nothing and be happy because of the propaganda.  Rational thinkers/actors have always been a small minority.  We need to build modern monasteries where we can teach our children, build out a high energy life style and preserve the best, as we did during the last dark ages.

    Those of us cloistered in our modern countryside monasteries  can do our own thing, and will have a wonderful, rich high energy life because we are too poor and too stupid for the feudal sociopaths to pay attention to.  I want to develop techniques and working examples of this within CM`s PP group during the next 10 years.

    My two cents on the topic.  Your mention of Jimmy Carter is a reminder that rational minded/acting people are unacceptable in todays body politic.  I am optimistic, but only if we walk away and get as far away as possible.

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  • Thu, Apr 29, 2021 - 5:48am

    DaveDD

    DaveDD

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    3

    Now, this is an inspired and lofty endeavor!

    See title.

    there is always confusion between wisdom and movie-driven stupidity: sometimes a retreat is the best  strategy. It allows focus on ones core beliefs, a balanced live, and maybe, like the old monasteries in the past, it could be of utmost and transformative importance in the future!

     

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  • Thu, Apr 29, 2021 - 2:27pm

    #11

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2432

    5

    Massive DDT dump found in Pacific off Los Angeles

    https://www.livescience.com/ddt-dump-catalina-island.html

    The sea bottom near southern California has been hiding a very dirty secret: decades of discarded chemicals in thousands of barrels. And the toxic debris field is even bigger than anyone expected, containing at least 27,000 drums of DDT and industrial waste, scientists recently discovered.

    High concentrations of DDT (dichlorodiphenyltrichloroethane, an insecticide that was widely used for pest control during the 1940s and 1950s) were previously detected in ocean sediments between the Los Angeles coast and Catalina Island, in 2011 and 2013. At the time, scientists who searched the seafloor in the area identified 60 barrels (possibly containing DDT or other waste) and found DDT contamination in sediments, but the full extent of the area's contamination was unknown.

    Now, a research expedition presents a clearer picture of the deep-sea dump site. Their findings reveal a stretch of ocean bottom studded with at least 27,000 industrial waste barrels — and possibly as many as 100,000, researchers with Scripps Institution of Oceanography at the University of California said in a statement. ....

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  • Thu, Apr 29, 2021 - 4:08pm

    pinecarr

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    pinecarr said:

    Makes me want to cry, thc0655.  Humans seem intent on wiping themselves out and, unfortunately, taking much of the ecosystem out with them.

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  • Thu, Apr 29, 2021 - 5:26pm

    westcoastjan

    westcoastjan

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    2

    re the DDT

    When I see things like this I think there is rich hypocrisy in getting on Japan's case about the radioactive water from Fukishima.  There is hypocrisy everywhere... we treat our dear Earth like a toilet bowl. What goes around is definitely coming around. And we deserve it for doing things like this.

    All in the name of cost savings, profits, greed. Simply despicable.

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  • Thu, Apr 29, 2021 - 7:34pm

    pinecarr

    Status: Platinum Member

    Joined: Apr 13 2008

    Posts: 1309

    4

    So true, westcoastjan!

    westcoastjan said:

    "... we treat our dear Earth like a toilet bowl. "

    Isn't it the truth, westcoastjan?

    I go on daily walks in my rural hometown, where I de-stress and take in the beauty of the rural pastures and countryside.  But this spring, there has been so much garbage on the side of the road and in the gutters along the road, that the walk has become more depressing than uplifting.  I went  from picking up an occasional beer can last year, to filling a whole large garbage bag yesterday (and another the week before).  And that's just one side of the road!  What is wrong with people??  The lack of respect for mother earth is disheartening.  People truly do treat our dear earth like a toilet bowl.

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  • Thu, Apr 29, 2021 - 8:32pm

    M3

    M3

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    M3 said:

     

    https://www.publicnewsservice.org/2021-04-09/environment/tampa-bay-braces-for-red-tide-outbreak-after-toxic-wastewater-leak/a73863-1

    This happened last month. 215 million gallons of toxic water was dumped into Florida's Tampa Bay. The concerns are real that it could contribute to another bad year of red tide. In 2017 the red tide bloom lasted over ten months,, looking at the animal deaths was like a massacre. I can't imagine what another environmental impact this would cause. It would be devastating.

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  • Fri, Apr 30, 2021 - 1:47am

    #16

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

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    6

    FLCCC protocol

    From here.

    ------------

    For hospitalized patients they are now recommending

    Bigger doses of steroids (methylprednisolone)

    Ivermectin at "triple dose" (0.6 mg/Kg) daily

    Fluvoxamine (Luvox, an antidepressant) 50 mg twice daily

    Androgen blockers for men (similar to Proxalutamide--which is NOT FDA approved in the USA) finasteride or dutasteride.  These are commonly used in men with prostate enlargement

    Famotidine (OTC as "Pepcid AC")

    Melatonin at bedtime

    Cyproheptadine and here ("a serotonin receptor sub type 2 blocker", brand name Periactin)

    Heparin (Lovenox)

    And the vitamins D, Thiamine, C

     

     

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  • Sat, May 01, 2021 - 3:12am

    CrLaan

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    CrLaan said:

    ‘Renewable energy‘ physically energie is never lost…..

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  • Sat, May 01, 2021 - 3:15am

    CrLaan

    CrLaan

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    CrLaan said:

    Giuliani’s better be a white board.

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  • Sat, May 01, 2021 - 3:20am

    CrLaan

    CrLaan

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    CrLaan said:

    Carter was a greenwoodworker too.

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  • Sat, May 01, 2021 - 5:30am

    Negaunee

    Negaunee

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    Joined: Dec 29 2020

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    Solar energy

    I worked in the solar industry for years producing the poly silicon material used to make panels. First silica is strip mined in brazil and then loaded on freighters for the US. The material is then trucked to the first chemical plant to be converted to a feed chemical for the next step in the process. This requires a lot of electricity and natural gas to run the process which uses methanol and other chemicals which are not cheap or environmentally friendly to produce. The feed stock is then shipped to the next company by trucks where the feed is combined with hydrogen which arrive by truck from it's chemical production plant. The feed stock Trichlorsilane is nasty stuff as is the production by product Anhydrous Hydrogen chloride. The combination is heated with electricity from the coal burning electricity provider. We were the largest user of electricity in Michigan. The bill was in the 20 millions! There was also the additional cost and carbon footprint of running a large chemical plant. The material was then shipped to companies that heat the poly silicon with more electricity to form long rods the solar panels will be cut from. back on the trucks and/or freighter to the facility that assembles the panel. Now the solar panel can be delivered via truck/freighter to where it is sold. The panels have a life of 20-25 years and if you are real lucky you can recoup your cost in 30-35 years.

     

    P.S. I am sure the solar plants in China are following good sound environmental practices.

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