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    Daily Digest 7/25 – Boom And Bust And What Comes Next, Western U.S. Drought Continues To Worsen

    by DailyDigest

    Friday, July 25, 2014, 3:38 PM


Boom And Bust And What Comes Next (jdargis)

If you read the Bay Area press or local blogs, techies are the people fueling the astronomical leap in San Francisco’s housing prices, inspiring property owners to evict long-time tenants in order to flip rental buildings or convert them to condos, and making the city the most expensive in the country with rents rising 10.6 percent over the past year, three times the national average. Techies are clogging city bus stops as they line up to wait for enormous private buses with blacked out windows to wheel them off to their destinations in Silicon Valley—Google, or perhaps Netflix, indicated only by discretely placed signs the size of large index cards—where their employers provide luxurious perks such as free gourmet meals (organic, natch), haircuts, massages, and on-site medical care.

Whose Oil Will Quench China’s Thirst? (James S.)

As the heir-in-waiting to the title of world’s largest economy, China finds itself in a strange position in terms of its oil consumption. In September 2013, China became the biggest net importer of crude, beating out the U.S. for the first time. This came as no surprise, given how rapidly China’s thirst for oil has grown, although landing in top place happened a little ahead of U.S. Energy Information Agency (EIA) predictions that it would take place in 2014. However, where the U.S. has been shoring up its own internal production, China has lagged behind. Between 2011 and 2014, U.S. oil production rose by 31 percent, as opposed to China, which saw its own production increase by a little more than 5 percent over that time. This leaves China utterly dependent on oil imports, a vulnerable position to be in at a time when its economy is beginning to wobble.

Lake Mead Before and After the Epic Drought (jdargis)

Earlier this month, Lake Mead set a new all-time record low. To memorialize the event, photographer Ethan Miller set out to take a series of “after” photos to complement pictures he took in July 2007. When you compare the two sets, the result is nothing short of stunning.

‘Shocking’ underground water loss in US drought (Arthur Robey)

“We don’t know exactly how much groundwater we have left, so we don’t know when we’re going to run out,” added Castle.

NASA said the study is “the first to quantify the amount that groundwater contributes to the water needs of western states.”

California's Drought Turning the State Brown, NASA Images Show (HughK)

The long-term drought cutting off California's water supply continues to parch the state, and even NASA can see it now. With the entire state now in severe drought, NASA's Aqua satellite took a picture of California to compare the terrain with a similar image taken on July 2, 2011. In the image above, you can first see the picture acquired June 24, then the 2011 shot.

Satellite study indicates groundwater losses putting Southwest supply in jeopardy (Wendy SD)

A new study based on NASA satellite measurements reveals what researchers called a shocking loss of groundwater in the Southwest's largest river basin. The study released Thursday by NASA and the University of California, Irvine says the Colorado Basin has lost enough water since 2004 to supply more than 50 million households for a year. It says more than 75 percent of that loss is groundwater.

Huge electrical storm in 2012 nearly shut down modern life, CU researcher says (tomc)

"I have come away from our recent studies more convinced than ever that Earth and its inhabitants were incredibly fortunate that the 2012 eruption happened when it did," Daniel Baker of the University of Colorado tells NASA . "If the eruption had occurred only one week earlier, Earth would have been in the line of fire."

The last big solar storm, the Carrington Event of 1859, shut down telegraph lines.

Are Sheep Better Lawn Mowers Than Goats? (jdargis)

One drawback, however, may come in the efficiency department. According to this highly scientific animal mowers calculator, which we unquestioningly trust, 38 goats could mow 50,000 square feet of grass in one day. It would take 83 sheep to do the same, in part because goats are less scrupulous in the amount and quality of grass that they eat. According to the calculator, however, the most efficient animal is the cow — seven of them could easily demolish that area in a day — while the least efficient is, shockingly, the guinea pig, for which you’ll need 2,000.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/24/14

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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  • Fri, Jul 25, 2014 - 5:18pm


    Taz Alloway

    Status Bronze Member (Offline)

    Joined: Feb 18 2010

    Posts: 461

    Global decline of wildlife linked to child slavery

    New research suggests the global decline in wildlife is connected to an increase in human trafficking and child slavery. Ecologists say the shortage of wild animals means that in many countries more labour is now needed to find food. Children are often used to fill this need for cheap workers, especially in the fishing industry.

    The decline in species is also helping the proliferation of terrorism and the destabilisation of regions. According to a study in the journal, Science, the harvesting of wild animals from the sea and the land is worth $400bn annually and supports the livelihoods of 15% of the world's population. But the authors argue that the rapid depletion of species has increased the need for slave labour.

    Declining fisheries around the world mean boats often have to travel further in harsher conditions to find their catch. In Asia, men from Burma, Cambodia and Thailand are increasingly sold to fishing boats where they remain at sea for many years, without pay and forced to work 18-20 hour days


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  • Fri, Jul 25, 2014 - 5:55pm



    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1977

    The Dilemma of the Crowded Life Boat


    Your family is on a cruise on the Titanic.  It crunches an iceberg, and while the band plays on and most continue to dance and sip Merlot, you realize the ship is going down.  [the situation is unsustainable]

    And you recall that there are inadequate lifeboats for all the passengers.  [the new phase cannot support the population going to it]

    You head into the lifeboat area over the objection of your family and kids.  (“Dad!!  I was having fun in the bowling alley!!” and “Don’t be unreasonable, dear.”) [“The Noah dilemma”—you see something coming that others do not and they think you are weird]  It turns out that this was the last point in the story where you really could help others by encouraging them to get into their own lifeboats.

    You insist and your family pulls away in the lifeboat and watches the ship list, tip up on end and finally sink.  [Your family is stunned—“no one could have seen this coming.”]

    Now there are hundreds of panicked swimmers in the water looking for something to cling too. [we move into the transition]

    Your boat has 5 people in it and can hold 10, maybe 12, depending on how the waves catch the bow. You can’t be sure.   50 desperate people swim toward you.  If the first gets his hands on the boat your ability to row away is lost.  The others will catch the stagnate boat.  All 50 will grab a hold and attempt to climb in sinking the boat and absolutely everyone will be lost.

    At this point in the story you have no capacity to help most of the swimmers.  Should you try to save one or two?

    Do we row away and leave the swimmers to their death?  Or towards them and all die together with a final gesture of kindness?


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  • Fri, Jul 25, 2014 - 6:15pm

    Reply to #2


    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2272


    [quote=sand_puppy]Your family is on a cruise on the Titanic.  It crunches an iceberg, and while the band plays on and most continue to dance and sip Merlot, you realize the ship is going down.  [the situation is unsustainable]…
    Do we row away and leave the swimmers to their death?  Or towards them and all die together with a final gesture of kindness?
    This is, hands down, your best and worst post ever.  IMHO. Shit.

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  • Sat, Jul 26, 2014 - 12:36am



    Status Bronze Member (Offline)

    Joined: Dec 13 2011

    Posts: 158


    If you're going to row your life boat back into the swimmers you might as well have stayed in the bar with everyone else.  What are you going to do when you can't row away from the swimmers and have to stamp on the fingers and faces of the people in the water in order to save your family?

    John G

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  • Sat, Jul 26, 2014 - 12:41am



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2963

    Repost Of Today's Headlines


    1. Holdouts not asking to suspend Argentine debt order
    2. Russia Considers Raising VAT by 2 Percent to Fix Budget Problems
    3. Water reserves in western US being drained underground – NASA study
    4. How High Debt From The Housing Collapse Still Stifles Our Economy
    5. New York MTA Faces $12 Billion Capital Deficit, DiNapoli Says
    6. Treasury to Auction $159 Billion
    7. Whether Detroit can pay bills after bankruptcy still relatively unknown
    8. IMF sees 'substantial costs' of an Argentina default
    9. Brazil likely to extend deadline for utilities to pay power bills
    10. Colorado River Groundwater Disappearing at 'Shocking' Rate

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  • Sat, Jul 26, 2014 - 5:09am

    Reply to #2

    Sterling Cornaby

    Status Bronze Member (Offline)

    Joined: Sep 05 2012

    Posts: 150

    no easy answers

    Sand puppy; your post made me think of this post that was on just a little bit ago: https://www.peakprosperity.com/forum/86042/no-mercy-true-stories-disasters-survival-and-brutality 

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  • Sat, Jul 26, 2014 - 10:29am

    robie robinson

    robie robinson

    Status Gold Member (Online)

    Joined: Aug 25 2009

    Posts: 892

    lawn mowing? ruminants?

    cattle are Much more efficient, however they leave disturbing smelly piles which must be avoided. Beeves also like to rub on trees and shrubbery. They are stores of wealth for many and having them on the lawn keeps 'em close.

    Sheep, my grass gathering favorite, leave small rather unobtrusive, sweet smelling pellets. They dont eat your shrubbery and rarely feel the need to rub the same. Unlike their caprine cousin who would start with the fruit,berry,nut trees and finish with the grass, they graze in a flock, and like their bovine brothers eat with their head down and little discrimination.

    Pigs of guinea are unknown to me and therefore i'll render no opinion



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  • Sat, Jul 26, 2014 - 11:42am



    Status Bronze Member (Offline)

    Joined: Apr 18 2010

    Posts: 553

    Qualitative not Quanitative problem

    The mind loves to create false dichotomies because it lives in dualities.  That is it's nature, that is how it functions.  It can not function any other way.  We have spent all our time exploring the world around us and yet we know nothing about this basic fact about ourselves.  We don't have quantitative problems, we have qualitative ones.

    The mind tears the world into pieces and heart puts it back together again.  Breaking the world apart has its uses and very important ones, splitting the atom, separating oil from the earth,  building the internet.  But now we need to put our world back together again and that is a job for our hearts.

    The truth is that there will a mother swimming in that water who will see a child in that boat, it need not be her own child, but is our collective child.  That is the way the heart thinks. And she will willingly slip quietly into the water because she so loves that child, because she so loves this world.

    The mind drives us towards self centered self destructive behavior if it is left to rule us on it on its own.  It tells us lies about our true nature.  It tells us that we are all self centered.  As a servant to and a partner with the heart it can transform the world.  Love is a force that can transform this world and ourselves if can learn how to open our hearts.

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