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  • Daily Digest

    Daily Digest 5/2 – Capitalism vs. Socialism, High-Cost Oil Faces Existential Risk

    by Daily Digest

    Thursday, May 2, 2019, 6:42 AM


Busting the myth that depression doesn’t affect people in poor countries (tmn)

Far from exposing depression as a uniquely western phenomenon, Patel’s research in Zimbabwe led him to conclude that depression is a fundamental human experience. “The basic nature of emotional pain is no different than physical pain,” he said. “The way they seek help may be different, but human beings feel it in the same way.”

How China is redrawing the map of world science (tmn)

Across much of the world, China’s government, companies and local business partners have been building motorways, designing high-speed rail, mining fossil-fuel reserves, switching on power plants, installing thousands of surveillance cameras and unveiling air and sea ports (see ‘Making connections’). This is all part of a vast venture conceived by President Xi Jinping to transform global trade networks that both supply China and provide a market for its products.

Capitalism vs. Socialism, Part II (Phil D.)

The irony is rich, as our youth now blame capitalism. How far we have fallen in the land of the free, this bastion of bootstrappers and sleeve-rollers where unprecedented prosperity sprung from free markets, property rights, and the profit-motive, that our youngest generation prefers socialism, 51-45.

Freedom vs. Liberty: How Subtle Differences Between These Two Big Ideas Changed Our World (Alex)

“Freedom” is predominantly an internal construct. Viktor Frankl, the legendary Holocaust survivor who wrote Man’s Search For Meaning, said it well: “Everything can be taken from a man but one thing: the last of the human freedoms – to choose one’s attitude in any given set of circumstances, to choose one’s own way (in how he approaches his circumstances).”

Riveting Twitter Thread on the Infamous ‘Roof Koreans’ of the LA Riots Highlights Importance of the Second Amendment (thc0655)

“So, what do good American citizens do when the police can’t or won’t help them and hordes of armed looters are descending upon them? They become peak American citizens by exercising their God given and constitutionally protected rights,” the thread continued. “Unfortunately for the rioters, most of these fine Americans were legal immigrants from Korea. As such, many of them had fulfilled Korea’s mandatory service obligations prior to earning American citizenship and took to the 2nd amendment like beef to bulgogi.”

Florida teachers can arm themselves under new gun bill (TS)

Opponents questioned whether the solution to gun violence should be the presence of even more guns and warned of the danger of a teacher misfiring during a crisis or police mistaking an armed teacher for the assailant.

High-Cost Oil Faces Existential Risk (Michael S.)

For instance, many analysts and even oil companies themselves argue that enormous volumes of new reserves are needed to offset declining fields, and because of that, oil prices will need to remain high. But according to BP, total proved reserves are around 1,700 billion barrels, enough to last at least 50 years. “So decline rates need to be seen within this context. There is plenty of oil to extract. Some is cheap, some is expensive,” Carbon Tracker analysts Harry Benham and Kingsmill Bond wrote in their report.

Vandals burn several beehives in Texas, killing an estimated half a million bees (thc0655)

A Brazoria County sheriff’s deputy, who first spotted the crime, extinguished the flames but couldn’t save all the hives, which sustained thousands of dollars’ worth of damage.

“It’s bad enough to think in today’s world this would happen but dumping them over and then setting fire to them is beyond comprehension,” the BCBA wrote.

Trade War Crushes American Farmers, Income Collapses Most Since 2016 (Don R.)

Trump’s spending plan for 2020, which was submitted to Congress, would reduce federal subsidies for crop insurance to small farmers. It calls for crop insurance premiums to 48% from 62% and limits current subsidies for growers who make less than $500,000 per annum. A move that could paralyze small farmers.

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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  • Thu, May 02, 2019 - 8:03am



    Status Silver Member (Online)

    Joined: Jul 30 2009

    Posts: 2954

    Central Banks Are Ditching the Dollar for Gold

    Central Banks Are Ditching the Dollar for Gold

    Bloomberg7 hours ago
    First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the U.S. dollar …

    Health insurance deductibles soar, leaving Americans with …

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    The explosion in cost-sharing is endangering patients’ health as millions, including those with serious illnesses, skip care, independent research and the …

    Americans’ car debt tops $1 trillion

    ActionNewsJax.com20 hours ago
    Americans owe more than $1.2 trillion on auto loans, the highest in U.S. history. The study found a significant share of that debt is held by Americans with lower …

    Federal Student Loan Debts Reach $1.5 Trillion

    Yahoo News5 minutes ago
    Federal Student Loan Debts Reach $1.5 Trillion …. In total, 43 million Americans have student debt, averaging $48,000 per household, Jason DeRusha reports …

    With a growing 100k pension club, California’s pension problem only …

    OCRegister9 hours ago
    The report, citing data from the Legislative Analyst’s Office, notes that whereas in 2013 school districts paid $500 per pupil for pension costs, they’ll pay $1,600 …

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  • Thu, May 02, 2019 - 10:29am

    Reply to #1


    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1466

    Thanks saxplayer

    👍 👏👏👏 I used to thumbs up you everyday because I appreciate you adding to our banquet of information. Keep up the good work.

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  • Thu, May 02, 2019 - 11:14am



    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1466

    Choose to be a “Rooftop Korean”

    We should all be ready to do our duty as American citizens and, when duty calls, each of us should embrace our inner Rooftop Korean.

    The year was 1992, 27 years ago right about now, and the city was Los Angeles. Several police officers who got into a videotaped brawl with a petty criminal named Rodney King were acquitted of beating him up. The city exploded. It was chaos.

    I was a first-year law student, back a year from the Gulf War, and I had just joined the California Army National Guard. My unit was the 3rd Battalion, 160th Infantry, and we got called up early the first night and were on the streets for three long weeks. Making it even more delightful was the fact that the unit was in Inglewood, which was pretty much on fire. They burned most everything around, except our armory – that would have gone badly for them – and the Astro Burger…

    It did not take long for the bad guys to realize that the Rooftop Koreans were not playing games – they were playing for keeps. The mob went away in search of softer targets.

    There’s a lesson there.

    Our first responders are awesome, but it takes nothing away from their heroism to point out that the title “first responder” is a misnomer. The citizens on site are the first responders. And they should be ready to respond. We all should. Personally.

    Some duties of citizen should never be outsourced. If you are an able-bodied adult, it’s your duty to know how to stop the bleeding and give CPR until the pros who do it for a living arrive. And it’s your duty (and right) to defend yourself, your family, your community and your Constitution. With guns – effective guns, which sometimes means your concealed pistol and sometimes means the guns that those who want you defenseless call “assault weapons.”

    Ban them? We should insist non-felon adult, able-bodied citizens own them and become proficient with them because all that law and order you see around you can disappear in a heartbeat. I watched it happen up close and personal, in one of America’s biggest cities. And as the Rooftop Koreans recognized, groups of citizens with (preferably) semi-auto rifles with 30-rounds mag is the only thing that is going to keep a mob in check.

    It’s your duty to be prepared to defend our community. Your duty. Yes, being a citizen of a free country is sometimes hard. Too bad. Tighten up and be ready and able to pick up a weapon. Whether it’s a riots and disaster, or whether it’s some scumbag who decides to shoot up your house of worship or a shopping mall, it’s on you.

    You have a job to do when chaos comes – no shirking your responsibility and outsourcing it to the local police or the Army. Being a citizen is not a spectator sport.

    Now, the left does not see things that way. The mere idea of a good guy with a gun makes them wet themselves. The left hates the notion that we citizens might take personal ownership of, and responsibility for, the security of our own country – that we might act like citizens. See, citizens are unruly. Stubborn. Uppity. We’re hard to control at the best of times. Armed, 300 million of us are impossible to control, unless we consent to it.

    Now, the Founders, who enshrined the natural right of free men to keep and bear arms in our Bill of Rights preceded only by the rights of free speech and freedom of religion, knew this. To them, an armed citizenry that is prepared, mentally and logistically, to respond to threats to the people is a feature.

    To the liberal elite, it is a bug.

    The elite wants serfs, not citizens. It recognizes the threat in our possession of modern weaponry. But it’s not a threat of us causing evil but of us quelling it. An armed people is a free people, and a free people demands its rights and its say in its own governance. Liberals talk about “gun control,” but what the really want is total control.

    Of us.

    There are two models to which Americans can aspire. One is to be citizens, armed and sovereign. The other is to be serfs, disarmed and obedient to their liberal elite overlords. Choose wisely.

    Choose to be a Rooftop Korean.

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  • Thu, May 02, 2019 - 11:48am



    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2257

    Re: Choose to be a "Rooftop Korean"

    Upvoted 👍

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  • Thu, May 02, 2019 - 2:41pm



    Status Bronze Member (Offline)

    Joined: Dec 10 2013

    Posts: 120

    The Family That Shoots Together Dies Together

    “something was go’n on with him and his dad”.

    Seems to me that American boys, men, fathers and sons have lost or have not learned some import thing. Maybe it’s the one thing that we all must learn? I don’t think how to shoot is that thing, at least not before the other?


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  • Thu, May 02, 2019 - 6:13pm


    Chris Martenson

    Status Platinum Member (Offline)

    Joined: Jun 07 2007

    Posts: 4647

    Test image...

    Yay!  It worked.

    Man, I am so pumped to have image loading at these speeds.  My life is changed.  So is yours…get ready for an onslaught of daily images…


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  • Thu, May 02, 2019 - 6:48pm



    Status Silver Member (Offline)

    Joined: Jul 22 2008

    Posts: 355

    Thanks thc

    Yep. Call it rooftop Korean, call it sheepdog (Aaron Moyer), call it whatever, it is a duty to be prepared. It will be necessary at some point.

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