• Daily Digest

    Daily Digest 7/1 – 80% Of Stock Market Now On Autopilot, Prepping For The Pork-Pocalypse

    by Daily Digest

    Monday, July 1, 2019, 8:32 AM


Economy

80% of the stock market is now on autopilot (Adam)

While algorithmic models have gained popularity on Wall Street, low-cost passive vehicles keep raking in assets from Main Street. Passive funds have attracted $39 billion of inflows so far this year, whereas active funds lost a whopping $90 billion in 2019, according to J.P. Morgan.

Central bank plans to create digital currencies receive backing (Adam)

Central bankers, including Mr Carstens, have been dismissive of the first wave of cryptocurrencies, viewing the likes of bitcoin and ethereum as speculative instruments that cannot be described as money due to the volatility of their value against the most widely used state currencies, such as the US dollar and the euro.

Do the Republicans Even Believe in Democracy Anymore? (newsbuoy)

We have been brought up to believe that American political parties are the same — that they are similar creatures with similar traits and similar ways of behaving. Political science spent decades teaching us this. The idea that one party has become so radically different from the other, despite mountains of evidence, is a tough sell.

Government outlaws multi-currency system, reintroduces Zim dollar (Sparky1)

“Accordingly, the Zimbabwe dollar, with effect from 24th June, 2019, but subject to subsection 3, be the sole legal tender in Zimbabwe in all transactions,” Statutory Instrument 142 says.

The new Zimbabwe dollar will have same boundaries, extent in space, time, or meaning as the RTGS dollars, which entails all bond notes and approved forms of electronic money in Zimbabwe.

Perence Shiri bans buying and selling of maize in Zimbabwe (Sparky1)

The Minister of Lands, Agriculture, Water, Climate and Rural Resettlement Retired Air Marshall Perence Shiri has enacted Statutory Instrument 145 of 2019 (Grain Marketing Control of Sale of Maize Regulations, 2019) which bans the buying and selling of maize among unauthorized persons in Zimbabwe.

The SI says, “No person or statutory body or company or entity shall buy or otherwise acquire any maize from any farmer or producer otherwise than through the Grain Marketing Board.”

The Coming Cash For Not-Clunkers (thc0655)

Given the choice between a $45,000 electric crossover SUV and a non-electric crossover of the same general size (and with more range and without needing to be hooked to a “fast” charger for 30-45 minutes to recover a partial charge) that can be bought for $20,000 less, which do you suppose most people will choose?

If they are allowed the choice.

Russia plans to tow a nuclear power station to the Arctic. Critics dub it a ‘floating Chernobyl’ (thc0655)

Russia’s civilian nuclear industry also faced public questions following the Chernobyl catastrophe, which shaped concerns about “the peaceful atom” for decades to follow. Construction of dozens of nuclear plants stopped, affecting not only massive Chernobyl-scale projects but also slowing down the use of low-power reactors like the one in what would become the floating station (The Chernobyl plant produced up to 4,000 megawatts. Lomonosov has two reactors producing 35 megawatts each).

Piles of poop, litter on trails, trampled wildflowers. In the social-media era, Washington’s public lands are being destroyed. What can be done? (thc0655)

“I’ve heard people say people who do these things are just ‘hiking their own hike.’ That doesn’t mean you do what you damn well please. Trails are on public property and come with rules and regulations. Roads are public property, too, and we share them with a lot of people. I can’t just drive my own drive. … That mentality astounds me. Trails are being inundated with a lot of new, clueless people right now, and we need a massive public-education campaign.”

On a tiny, isolated island, USDA scientists race to prep for the pork-pocalypse (edelinski)

The pigs arrived a week or so before the vets descended on Plum Island for FADD School—the two-week course that mints new Foreign Animal Disease Diagnosticians. There’s a delicate balance to inoculating animals with a fatal virus for educational purposes: You can’t inject them too early, or they’ll die before the students have a chance to observe their symptoms (and, later, to perform a necropsy—the animal version of an autopsy). You also can’t inject them too late, or they’ll stay perfectly healthy for the duration of the visit, only to drop dead soon after. The ASF-afflicted pigs will be observed each day as the virus progresses, then euthanized and examined more closely.

Gold & Silver

Click to read the PM Daily Market Commentary: June 2019

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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7 Comments

  • Mon, Jul 01, 2019 - 9:53am

    #1
    hail

    hail

    Status Member (Offline)

    Joined: Jul 06 2012

    Posts: 9

    4+

    Do the Democratics Even Believe in Democracy?

    Please refrain from solely political posts.  It could be just as relavant to post:

    “Do the Democratics Even Believe in Free Speech Anymore?”

    “Do The Democrats Even Believe in Gender Anymore?”

    “Do the Democratics Even Believe in Borders Anymore?”

    “Do the Democratics Even Believe in the Constitution Anymore?”

    “Do the Democratics Even Believe in Democracy Anymore?”. (It seems they prefer socialism based on their candidates)

    I can find politically biased opinion on other sites.  I really don’t want to be subjected to them here on PP.

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  • Mon, Jul 01, 2019 - 10:12am

    #2
    Doug

    Doug

    Status Platinum Member (Offline)

    Joined: Oct 01 2008

    Posts: 1364

    Democratics?

    Really?  We are being trolled by apparent non English speakers or someone unfamiliar with American politics.  Sound familiar?

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  • Mon, Jul 01, 2019 - 10:33am

    Reply to #2
    hail

    hail

    Status Member (Offline)

    Joined: Jul 06 2012

    Posts: 9

    Sorry

    Sorry, I should have done a better job of spell checking.

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  • Mon, Jul 01, 2019 - 10:36am

    #3
    ezlxq1949

    ezlxq1949

    Status Bronze Member (Offline)

    Joined: Apr 29 2009

    Posts: 215

    1+

    End of the Line

    OK, for a non-political post, try this from today’s Automatic Earth:

    “Unless we change our ways of producing food…”

    Insects As A Whole Will Go Down The Path Of Extinction In A Few Decades (AFP)

    If the insects go, then so do we. It’s the end of the line. Our vaunted technologies will not and cannot save us. Adieu Homo hubris. The rest is commentary.

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  • Mon, Jul 01, 2019 - 10:47am

    #4
    ezlxq1949

    ezlxq1949

    Status Bronze Member (Offline)

    Joined: Apr 29 2009

    Posts: 215

    1+

    Climate change not the total villain for a change

    An excerpt from the AFP article above:

    The main drivers appeared to be habitat loss and land conversion to intensive agriculture and urbanisation, followed by pollution, mainly from pesticides and fertilisers, invasive species and climate change.

    Too much public attention focuses on climate change while there are other, more quickly destructive, forces to reckon with also.

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  • Mon, Jul 01, 2019 - 3:03pm

    #5
    Uncletommy

    Uncletommy

    Status Bronze Member (Offline)

    Joined: May 03 2014

    Posts: 521

    3+

    On the Republican mindset:

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  • Mon, Jul 01, 2019 - 4:10pm

    #6

    sand_puppy

    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1878

    7+

    James Wesley Rawles: Post SHTF--Isolated Retreat vs Small Town

    Found an article by James Wesley Rawles at The SurvivalBlog.com addressing the question of which is best for the Post-SHTF world, a Remote Rural Retreat versus a Small Town.

    Quoting JWR

    Dear Jim:
    I found an interesting article that argues against a remote, rural retreat for an urbanite.

    He reasons:
    1. local kids with time on their hands will sniff out your retreat in their exploring
    2. Any road to your place will get checked out eventually by kids, a utility employee, a hunter, etc., etc.
    3. A remote place gives a thief all the time in the world to break into a cabin or recreational vehicle, pre-disaster.
    4. When you are at a retreat, post-disaster, you are on the defense, the offense (potential looters) gets to choose the time of attack; you are vulnerable to long range sniping

    His solution, a la Mel Tappan, is to live in a small town and get integrated into the local community. Your profile of buying, and growing, and helping out locally should be high, but your wealth profile, and preparations profile should be very low. Have lots of folks looking out for you, rather than relying on remoteness.

    For a slow slide, grid-up situation this makes a lot of sense. I question how well this strategy would work if it is a true TEOTWAWKI situation where starvation is widespread…
    But he brings up serious issues about how to keep your retreat unmolested – how likely is it that local kids would ignore fences? What measures can you take to prevent burglary?
    Regards, – OSOM

    JWR Replies: I concur that “in town” retreats make sense in a Grid Up situation, where law and order are maintained and there is still a functioning economy that keeps store shelves stocked. But in a Grid Down societal collapse, a mutually-defended cluster of farmsteads will probably be far more viable. With too many mouths to feed, even small towns may have their citizenry quickly degenerate into the worst sorts of savagery.

    My position is that remote rural retreats can be quite viable, provided that:

    1.) Your retreat has a full-time caretaker for the present day circumstances

    2.) Your retreat is occupied by three or more families, immediately after the Schumer hits the fan (SHTF), and you are prepared to man a 24/7/360 defense. (24 hours a day, 7 days a week, with full 360 degree perimeter coverage.)

    For any readers that do decide to opt for “in town” retreating, I highly recommend that you set as key criteria a town that has reliable rainfall, preferably in a “truck farming” region, and

    As I’ve stated many times, isolation just by itself will not protect you and your family in a time of lawlessness. In Schumeresque times it will take trustworthy friends and vigilant security to survive. I firmly believe that looters will not pick on well-defended retreats. They simply won’t want to risk taking casualties. Few would be that suicidal. Instead, they will prey on those that show no signs of an organized defense. Why would they want to try cracking a “tough nut”, when they could pick on granny, down the road?

    I posted the following in SurvivalBlog back in August of 2005. Since many readers haven’t worked their way through the Archives, it bears repeating:

    Not everyone is suited to tackling the tasks required for self-sufficiency. Advanced age, physical handicaps, lack of trustworthy family or friends, or chronic health conditions could rule that out. If that is your situation, then you will probably want to establish an inconspicuous “in town” retreat rather than an isolated “stronghold” retreat.

    If opting for “in town,” buy a masonry house with a fireproof roof and on an oversize lot. (Make that wood frame construction if you live in earthquake country.) Carefully select a town with a small population—somewhere between 1,000 and 3,000 if it has a true “end to end” gravity fed water supply, or from 200 to 1,000 if the water system is in any way dependent on the power grid. (The 1,000 upper limit is for fear of sanitation problems.)

    IMOtowns any larger than 3,000 lack a cohesive sense of “our community”, and any town with a population smaller than 200 would lack a sufficient mix of skills and the manpower required to mount a sufficient defense in the event of a true “worst case.” I believe that it is best to avoid larger towns. At some point over the 3,000 inhabitant threshold, the “we/they paradigm” will be lacking, and in a true TEOTWAWKI it could be every man for himself.

    The late Mel Tappan wisely opined that if your house is at the end of dead end of a road at the edge of town with no close by neighbors, then it might just as well be five or ten miles out of town–since it will be psychologically outside of the invisible ring of protection that will constitute “in town.” Post-TEOTWAWKI, the “we/they” paradigm will be forcefully if not painfully obvious. If you are “in town” you will benefit from de facto Neighborhood Watch on Steroids. Make sure that your retreat is either clearly “in town”, or not. A property that is halfway in between will have none of the advantages and all of the disadvantages.

    Tappan championed the concept of “small town” retreating: owning a mini-farm that is physically and psychologically inside of an existing small community. This approach has several advantages. Before making your decision, consider the following pro and con lists:

    Advantages of “In Town” Retreats:

    Better for a slow slide scenario or a “grid up” depression wherein the local agricultural and industrial payrolls may still be viable.
    You will be a member of the community.
    You will benefit from local security arrangements.
    Ready access to local barter economy.
    Ready access to local skills and medical facilities.

    Disadvantages of “In Town” Retreats:

    Privacy is very limited. Transporting bulky logistics must be done at odd hours to minimize observation by neighbors.
    Fuel storage is severely limited. (Consult the local ordinances before you buy a home.)
    Poor sanitation in the event of “grid down” situation, unless your town has a truly “end to end” gravity fed water system. (More on this in a subsequent post.)
    You can’t test fire and zero your guns at your own property.
    You can’t set up elaborate antenna arrays or your house will look out of place.
    You can’t hunt on your own land.
    You can’t keep livestock other than perhaps a few rabbits. (Consult the local ordinances before you buy a home.)
    You can’t make substantial ballistic and anti-vehicular barrier retreat upgrades.
    Greater risk of communicable diseases transmitted by casual contact.
    Greater risk of burglary.
    Greater risk of having your “hoarded” supplies confiscated by bureaucrats.

    Advantages of Isolated Retreats:

    More room for gardening, pasturing, and for growing row crops.
    Lower house and land prices. (More for your money.)
    Better for a total wipeout “Grid Down” scenario when virtually everyone will be out of work. (Hence the local payroll will be a non-issue.)
    You can stock up in quantity with less fear of the watchful eyes of nosy neighbors.
    You can test fire and zero your guns at your own property.
    You can build with non-traditional architecture (earth sheltered, for example.)
    You can set up more elaborate antenna arrays–and other things that would look odd in town.
    Better sanitation in the event of a “grid down” situation.
    You can hunt on your own land.
    A place to cut your own firewood.
    You can keep livestock.
    You can make ballistic and anti-vehicular upgrades. (As described in my novel “Patriots”,.)
    A “dog run” chain link fence around your house won’t look too out of place.
    Virtually unlimited fuel storage. (Consult your county and State laws before ordering large gas, diesel, heating oil, and propane tanks.)
    Much lower risk of communicable diseases. Particularly important in the event of a biological warfare attack—but only if the bug is spread person-to-person rather than airborne.

    Disadvantages of Isolated Retreats:

    Impossible to defend with just one family.
    Cannot depend on much help from neighbors or law enforcement if your home is attacked by looters or in the event of fire. You will likely be entirely on your own to resolve those situations. If and when a gang of looters arrives, it will be you or them–no second place winner.
    Isolation from day-to-day barter/commerce.
    A longer commute to your “day job”, shopping, and church.

    A careful analysis of the preceding lists (plus specific localized considerations) should lead you to concluding which approach is right for you, given your family situation, your stage in life, and your own view of the potential severity of events to come. Pray about it before making a decision of this gravity

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