Investing in Precious Metals 101 Ad
  • Daily Digest
    Image by vera46, Flickr Creative Commons

    Daily Digest 6/10 – Rains Plaguing Midwest Farms, Big Brother Is Listening And No One Cares

    by DailyDigest

    Monday, June 10, 2013, 2:27 PM

Economy

NSA whistleblower Edward Snowden: 'I don't want to live in a society that does these sort of things' (kelvinator)

'I don't want to live in a society that does these sort of things…A new leader will be elected. They'll flip the switch, say that because of "the crisis"…some new and unpredicted threat, we need more authority, we need more power. And there will be nothing people can do at that point to oppose it. And it'll be turnkey tyranny.'

Neil Macdonald: Big Brother is listening in and no one seems to care (westcoastjan)

"I don't mind Verizon turning over records to the government, if the government is gonna … match up a known terrorist phone with someone in the United States.

"I don't think you're talking to terrorists. I know I'm not. So we got nothing to worry about."

Leaker’s Employer Became Wealthy by Maintaining Government Secrets (jdargis)

Thousands of people formerly employed by the government, and still approved to deal with classified information, now do essentially the same work for private companies. Mr. Snowden, who revealed on Sunday that he provided the recent leak of national security documents, is among them.

Gold Price Reflecting Mike Maloney’s “First Deflation Then Inflation” (Taki T.)

To prove that point, we show the latest monetary data from the St Louis Fed. The following chart presents the US monetary base M0 (which is the Fed’s balance sheet) in red, and the money supply M2 in green. What appears from this chart is that the US central bank has accelerated the expansion of its monetary base lately. There is nothing new here. But the tricky part is that the money supply is growing only slightly; it has increased 1.6% over the last half year while the monetary base has gone up by 25%. There are no up-to-date European figures; that’s why we can only show data from the US.

World’s Largest Coal Company Invests in Solar Power to Reduce Energy Costs (James S.)

India has been famously suffering from energy problems for a while, with constant blackouts plaguing many of its citizens, resulting from the failed attempts to expand the national grid. Solar power generally offers India the chance to solve its electricity problems, as rural communities can generate their own power from local solar arrays. The potential is great that it is unsurprising really that Coal India has decided to invest in such an energy source.

The Sequester May Start To Show In Data (jdargis)

Analysts see retail sales showing some life and rising 0.4% in May after a subdued 0.1% gain in April. But spending is not expected to exceed the 3.4% annualized gain of the first quarter. The Commerce Department will report retail sales data on Thursday.

After Drought, Rains Plaguing Midwest Farms (jdargis)

As farmers go through the ritual of examining every weather map and every tick on the futures boards, trying to divine if and how their pocketbooks can survive another curveball from nature, they are also keeping an eye on Washington, where Congress is still bickering over the farm bill. Farmers are hoping that lawmakers will maintain taxpayer-subsidized crop insurance and other support programs that will help them get through disasters like floods and drought.

Mott Green, a Free-Spirited Chocolatier, Dies at 47 (Michael W.)

“A lot of people now talk about paying for the actual cost of food or fair food and stuff like that,” said Alexis Buss, a friend from Mr. Green’s days as a squatter. “He wasn’t doing it to be trendy. He’s always been that way. He was just doing it because it made sense.”

Gold & Silver

Click to read the Gold & Silver Digest: 6/7/13

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."

Related content
» More

9 Comments

  • Mon, Jun 10, 2013 - 2:48pm

    #1

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2956

    China warned of banking crisis over huge debts of local govts

    Headlines:

    1. Venezuela hit by fears of hyperinflation and recession
    2. Italy's GDP contracts sharply in first quarter
    3. China state auditor warns over local government debt levels
    4. China warned of banking crisis over huge debts of local govts
    5. China's economy stumbles in May, growth may fall in Q2
    6. Philadelphia Prepares to Dismiss Teachers Amid Budget Shortfall

     

    Login or Register to post comments

  • Mon, Jun 10, 2013 - 2:58pm

    #2

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Going Up, or Going Down? II

    As some wag said on the Bloomburg article on rising births in the USA

    Actually more births are recorded with impending doom scenarios

    Like this Limits to growth chart clearly shows.

    Like it or loath it, we are going to have to go to the lagrange points. There is only one way out of this trap we have made for ourselves and that is staight Up.

     

    Just in case you were thinking that this is some theoretical exercise in niceties, here is a Right Brain impression on just who we are talking about.

    (Sorry about the repeat- I just missed the post)

    Login or Register to post comments

  • Mon, Jun 10, 2013 - 5:01pm

    #3

    Taz Alloway

    Status Bronze Member (Offline)

    Joined: Feb 18 2010

    Posts: 461

    How America lost its way

    Who benefits from the growth of complex and cumbersome regulation? The answer is: lawyers, not forgetting lobbyists and compliance departments. For complexity is not the friend of the little man. It is the friend of the deep pocket. It is the friend of cronyism.

    http://online.wsj.com/article/SB10001424127887324798904578527552326836118.html?mod=WSJ_hpp_RIGHTTopNewsCollection

    Login or Register to post comments

  • Mon, Jun 10, 2013 - 5:31pm

    #4

    Taz Alloway

    Status Bronze Member (Offline)

    Joined: Feb 18 2010

    Posts: 461

    Federal workforce drops 20% in 3 years

    http://www.federaltimes.com/article/20130610/PERSONNEL/306100007/Federal-workforce-dips-20-percent-since-May-2010-peak

    Login or Register to post comments

  • Mon, Jun 10, 2013 - 7:32pm

    #5

    Boomer41

    Status Bronze Member (Offline)

    Joined: Nov 30 2008

    Posts: 112

    A True Hero

    The word 'hero' is bandied about way too freely nowadays. People are called heroes for doing the most ordinary things.

    A real, honest-to-God HERO is somebody who sees what needs to be done, realises and accepts that he will incur a huge personal sacrifice, up to and possibly including death, and goes ahead and does it anyway – not for fame, fortune or glory – simply because it is the right thing to do.

    Edward Snowden is such a person. We should marvel at the moral courage, the heroism of what he is doing on our behalf.

    I hope that his sacrifice will not be wasted. I trust we will all have the courage to support him in the days ahead and use the information he has provided to fight against the ongoing assault on our liberty.

    Login or Register to post comments

  • Tue, Jun 11, 2013 - 9:04pm

    #6
    Nick and Maggie

    Nick and Maggie

    Status Member (Offline)

    Joined: Mar 20 2008

    Posts: 3

    " . . .about things that matter". (Edward Snowden)

     “How cool, how quiet is true courage!”          Fannie Burney (18th cent. English writer)

     

     “I confidently trust that the American people will prove themselves … too wise not to detect the false pride or the dangerous ambitions or the selfish schemes which so often hide themselves under that deceptive cry of mock patriotism: Our country, right or wrong!’  They will not fail to recognize that our dignity, our free institutions and the peace and welfare of this and coming generations of Americans will be secure only as we cling to the watchword of true patriotism: ‘Our country—when right to be kept right; when wrong to be put right.’”                  Carl Schurz, German-American Senator, 1899

     

    “Never believe anything in politics until it has been officially denied.”          Otto von Bismarck      

    "Nobody is listening to your phone calls . . ."     Barack Obama

     

    "The President . . . . . . should be supported or opposed exactly to the degree which is warranted by his conduct in rendering loyal, able, and disinterested service to the nation as a whole. To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public. Nothing but the truth should be spoken about him or anyone else. But it is even more important to tell the truth, pleasant or unpleasant, about him than about anyone else."               Theodore Roosevelt

     

    "All you have to do is to tell them that they are being attacked, and denounce the pacifists (read ‘whistleblowers’) for lack of patriotism and exposing the country to danger.  It works the same in every country."                            Hermann Wilhelm Goring ,primary architect of Hitler’s Gestapo

     

    "As nightfall does not come at once, neither does oppression.  In both instances, there is a twilight . . .  when everything seemingly remains unchanged.  And it is in such twilight that we must be most aware of change in the air – however slight – lest we become unwitting victims of the darkness."    

                                                          William O. Douglas, former U.S. Supreme Court Judge

     

    "The first person to denounce an illusion by which the people have flourished surely stands in a lonely place."                                           Gary Zukov, author

     

    "Our lives begin to end the day we become silent about things that matter."        Martin Luther King Jr. 

     

    I hope that Mr. Snowden's closing comments do not prove prophetic.  Our response (or our silence) now to this thing that so very much matters will be determinate, if not for us, then for our children.  I think Mr. Snowden evinces a 21st century face upon Joseph Campbell's archetypical "Hero With a Thousand Faces". 

    Nick B.

    Login or Register to post comments

  • Tue, Jun 11, 2013 - 10:19pm

    #7

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1486

    NYT hit piece on Edward Snowden

    As expected, the NYT has begun the MSM attempt to discredit NSA leaker Edward Snowden.  It's a pity they couldn't come up with something better reasoned and thought out:

    My Response to David Brooks’ Hit Piece on Edward Snowden

    Login or Register to post comments

  • Wed, Jun 12, 2013 - 1:24am

    Reply to #7
    MarkM

    MarkM

    Status Silver Member (Offline)

    Joined: Jul 22 2008

    Posts: 356

    Don't let this fade away.

    Nick,Thanks for the quotes. Inspirational and help to steel my resolve., as well as put a point on what is really going on.
    Tom,
    It was on the TV news tonight when I was at the gym. No sound but I could tell from the captions that the mind shaping was in high gear. They can't come up with anything of substance because they have nothing. They will repeat the lies until the masses believe. Maybe this time the masses don't.
    My wife and I were driving to a big box home improvement store this weekend and I said to her, "Why are we going to get plants (marigolds to help with the spider mites on the tomatoes), surely we should be doing something to help Snowden's cause. What else could matter more at this point?"
    I have to admit that I am a little dismayed at the lack of responses to the Dr. Paul interview. Like him or not, surely rejecting an authoritarian government is the most important matter before us. Threads about the movement of the price of gold go on for days and does that really matter if your personal liberties are GONE?
    I am not sure of what to do at this point. However, I think a couple of things are important.
    1) Be diligent and outspoken in your daily life about the heroism and courage of this young man. Everyone you come in contact with should be exposed to your support of Snowden.
    2) I guess sign the petition put forth in the other thread (this thread?)
    I believe this could be a turning point and, if we believe we have a chance to turn things around regarding an oversized and overbearing government, this is a gift. Let's not waste it.

    Login or Register to post comments

  • Wed, Jun 12, 2013 - 2:30am

    Reply to #7

    Lnorris

    Status Bronze Member (Offline)

    Joined: Mar 28 2011

    Posts: 78

    Mark, I agree with you.

    Why do they teach American history in fifth grade, ONE year after a child starts to read, to learn? The material is never touched on again in public school unless it is an advanced placement history course in American history in high school.More to the point, every action we take to remove ourselves from the consumerist society that is a disease unto itself is an act of revolution. 
    I don't know what it would take for present day Americans to truly take to the streets in protest, or take part in a general strike. Apparently, we are so whipped we cheered for the enforcement of martial law in Boston after the bombing and not one media network asked a single question about whether what the government did flew in the face of the fourth amendment.
    We shut down an entire city for one 19 year old and a citizen/homeowner discovered him after the "shelter in place", (nice, flowery language for martial law and yes, we will throw you out of your house at gunpoint and search the abode without the homeowner's consent at gunpoint). Holy hell!
    Where is the outrage? I guess too many people were busy texting, videotaping etc the event to notice that the government engaged in a practice run of martial law. 
     

    Login or Register to post comments

Login or Register to post comments