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    Daily Digest 6/2 – Mangroves In Crisis, The Great Banking Lie

    by DailyDigest

    Thursday, June 2, 2016, 12:52 PM


Senate Panel Advances Whistleblower Reforms (richcabot)

Grassley highlighted a provision he has long sought to ensure that government employees who are removed from sensitive positions as a means of reprisal for disclosures have an avenue for redress at the Merit Systems Protection Board. “Absent this change, whistleblowers in a so-called ‘sensitive’ position may be disqualified from their work, without any way to challenge the decision,” he said, citing a 2013 court ruling allowing agency managers to reassign such employees, the subject of a letter Grassley wrote to President Obama. “The government may also classify entire swaths of jobs as ‘sensitive’ to skirt whistleblower protections.”

Britons, Feeling Apart From E.U., May Make It So With ‘Brexit’ (jdargis)

Even Britain’s most enthusiastic European Union supporters would not argue that Europe has been quite so helpful to their country, of course. But as chance would have it, Ms. O’Neill was heaping her abuse on Europe in a spot that has been a particularly enthusiastic recipient of European largess over the years.

The Great Banking Lie (Tiffany D.)

The banker in the deputy minister’s office was trying to convince me to accept an arrangement that would have forced my nonprofit housing company to hand over management of our loan portfolio to a commercial bank. He’d convinced his friends in the government that this would help protect the investment it was about to make in my company.

Market Sitrep: Reach For Yield (Alex)

We focus in on David Tepper’s big bets in Williams Partners and Energy Transfer Partners. Next we discuss what bond duration means and its implications going forward. We take a look at an interactive bond calculator that shows changes in bond prices given a change in future interest rates.

What Copper Says About the Economy (Tiffany D.)

China’s slowing economy bears much of the blame. Its demand for the red metal slowed to a trickle in recent quarters. In past years, roughly 40% of all the red metal produced by the world’s miners was bought by China’s raw commodity importers.

But with copper prices down nearly 40% in the last two years (and more than 50% since the 2011 peak), copper traders have already discounted that information. It’s not “new” to anyone involved in the global marketplace.

Felix Zulauf: Monetary Stimulation Creates Bubbles, Not Prosperity Nor Growth (Taki T.)

My assessment of the big picture is that the Industrialized World and a large part of the Developing World or Emerging World are in a difficult period, in a down cycle. Structural issues force growth patterns further south, and we are having difficulties in continuing the prosperity growth that we have enjoyed for so many decades, particularly in the ‘80s and ‘90s and early part of 2000. That has all changed now.

Jim’s Mailbox (reflector)

I asked the Federal reserve management this morning your key question. They said in unison that we, the Fed, need to show our confidence in the USA economy by increasing interest rates and therefore confidence in the Federal Reserve’s consistent level of economic and employment judgement.

Payday Loans’ Debt Spiral to Be Curtailed (jdargis)

Under the guidelines from the Consumer Financial Protection Bureau — the watchdog agency set up in the wake of 2010 banking legislation — lenders will be required in many cases to verify their customers’ income and to confirm that they can afford to repay the money they borrow. The number of times that people could roll over their loans into newer and pricier ones would be curtailed.

The Price Of Public Money (jdargis)

In recent years, an ever-smaller percentage of taxpayers have checked off the box on their 1040 forms to authorize that $3 go into the fund. But, says Anthony Corrado, a Colby College professor who specializes in presidential campaigns, the fund now stands as “the last life raft of what was once the flagship of reform.” Everyone agrees the system is badly broken. Today, the question is whether it should be wheeled into the shop for a total remodeling or hauled off to the scrap yard.

John Rubino talks about artificial intelligence in finance, money creation in various countries and explains why he disagrees with Paul Krugman (Herman J.)

John Rubino is the founder and manager of the popular financial website Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It.

There Is No Moving Exxon From Its Climate Change Position (Josh O.)

Exxon was among the very few oil industry majors that reported a profit for last year, despite the oil price rout that plunged many in the red. Now, all managers know that shareholders are strongly attached to the bottom lines of the businesses they invest in, but Exxon’s management seems to have neglected the change in investor sentiment lately, especially after the signing of the Paris Agreement, which stipulates a limitation of global warming to less than 2 degrees Celsius from pre-industrial levels.

Mangroves in Crisis: Why One Man Works to Save the Plants That Fight Climate Disruption (richcabot)

Mangrove trees store up to five times as much carbon as other trees, which makes mangrove forests one of the most carbon-rich habitats on the planet. Recent scientific reports confirm the importance of the mangroves: They act as virtual carbon-scrubbers, taking CO2 out of the atmosphere.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/1/16

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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  • Thu, Jun 02, 2016 - 3:21pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    Corporate bonds join negative yield club

    Corporate bonds join negative yield club

    Financial Times – ‎5 hours ago‎
    In a world where $10tn of debt — mostly Japanese and European sovereign bonds — trades with a negative yield, corporate bonds have begun joining the club according to data from Barclays. Separate data tracked by Markit, which put the total figure

    Japan growth strategy fans concern about government debt – ‎1 hour ago‎
    Critics say the delay in the tax increase due to weak consumption and the Bank of Japan's failure to slay deflation expectations despite resorting to negative interest rates show policymakers are running out of tools to fix an economy that will face

    Pimco: Risks rising for 'global disruption' with 'serious repercussions'

    CNBC – ‎20 hours ago‎
    Exploding debt levels along with central bank policies — zero and negative interest rates and trillions of dollars worth of money printing — threaten to upset global stability. "While there are myriad uncertainties, there is no doubt that a global

    Credit Card Debt Set to Reach All-Time High In US

    KNWA – ‎15 hours ago‎
    "The most important thing credit card holders can do is to not carry any revolving debt," said Mark Foster, Director of Education at non-profit Credit Counseling of Arkansas (CCOA). "Pay the debt off in full every month. People often have balances on

    Negative Interest Rates Forcing Japanese to Stuff Cash Under

    Fortune21 hours ago
    “What it means for 40 trillion yen to be sleeping under mattresses is that the … The Japanese government has a debt load that is nearly three times its GDP.

    Brazil's GDP stats reveal depth of recession

    Buenos Aires Herald – ‎12 hours ago‎
    The lower house of Congress voted in April to impeach Rousseff on charges of breaking budget rules, as the public sector budget deficit surpassed 10 percent of gross domestic product and a vast graft probe targeted key figures in her government. “The

    Puerto Rico's U.S. Rescue Won't Come Soon Enough to Halt Default

    Bloomberg3 hours ago
    The legislation would put Puerto Rico's budget and, potentially, a restructuring of its debt in the hands of a federal oversight board appointed by congressional …


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  • Thu, Jun 02, 2016 - 9:16pm


    Taz Alloway

    Status Bronze Member (Offline)

    Joined: Feb 18 2010

    Posts: 461

    A better way to produce milk

    Unsurprisingly, many people, from farmers to conservationists, journalists and would-be smallholders, are interested in how Mat has managed to milk his 340 Jersey crossbred cows purely on pasture for the past 17 years. At a time when most dairy farms are trying to maximise production, why has he chosen to milk only once a day?

    Out to Pasture: A Better Way to Produce Milk


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