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    Daily Digest 7/25 – The Bitter Battle Over Alaska’s Salmon, The Nuclear Stars Align

    by DailyDigest

    Thursday, July 25, 2013, 3:55 PM


Silver & Crude: Interesting Parallels (GE Christenson)

Both crude and silver took about 9.5 years to rally from a significant low to an important high. The high to low ratios were similar – over 13 and over 12. Both collapsed after their blow-off highs and fell 76% and 62% from their highs. Crude rallied during the next four years and is now over triple its crash low. Silver, a much smaller and more volatile market, seems likely to do something even more dramatic.

Canada's High House Prices Held Up By Phony Appraisals — Taxpayers On Hook, Report Says (westcoastjan)

In Canada, the securitization of government-backed mortgages (mortgages that have been insured by the CMHC, or other insurers such as Genworth) has exploded since the early 2000s, when the Canadian Mortgage Bond program was created and the CMHC lifted its $250,000 ceiling on insured mortgages, allowing banks to securitize most of their mortgages, the report said.

U.S. SEC warns of Bitcoin scams, accuses Texas man of Ponzi scheme (westcoastjan)

Bitcoin grabbed headlines in early July when Cameron and Tyler Winklevoss, the twins famous for having alleged that Mark Zuckerberg stole the idea that became Facebook Inc (FB.O), applied to the SEC to launch a Bitcoin-tracking exchange-traded product (ETP) called the Winklevoss Bitcoin Trust.

It is unclear whether the SEC's concerns about Bitcoin laid out in its investor alert on Tuesday could pose a problem for that offering.

Influencing China's healthcare industry (westcoastjan)

But increasingly, doctors in China are bearing the brunt of public anger over bribery. Patients often complain of being given tests they do not need and being prescribed expensive drugs.

According to Chinese state media, there were more than 17,000 violent incidents in Chinese hospitals in 2010. Several hospitals in Beijing have also reportedly beefed up their security.

Shocking Things Wall Street Financiers Say Off the Record About Their Bloated, Corrupt Industry (westcoastjan)

In a shocking new survey commissioned by the Labaton Sucharow law firm, Wall Street insiders say that breaking the law, screwing your clients and covering up crimes is a way of life on Wall Street. The shock is not that cheating is going on. We all know that. The shock is that these financiers would actually admit it on a survey. This should tell us that the Wall Street culture is so brazenly corrupt, so confident of not getting caught, so certain that a passive public won't fight back that those surveyed didn't even bother to lie about the fact that they were living, breathing sociopaths.

Palast: Did Fabulous Fabrice Really Cause the Financial Crisis (westcoastjan)

After Goldman’s con became public, its CEO, Lloyd Blankfein was hailed as a visionary for offloading mortgage-backed securities before the shit hit the finance fan. Blankfein hailed himself for, he said, "doing God's work". God did well. Blankfein’s bonus in 2007 brought his pay package to $69 million for the year, a Wall Street record.

Rather than prison or penury, Blankfein was appointed advisor to Harvard University’s business and law schools.

Slingatron vision is to launch payloads into orbit (Arthur Robey)

&A Kickstarter project features Slingatron, the work of a seasoned team of scientists as a way to put cargo into orbit. The Slingatron is a mechanical, hypervelocity mass accelerator. The inventor of the Slingatron is Dr. Derek A. Tidman, author of the book, "SLINGATRON – A Mechanical Hypervelocity Mass Accelerator." The book sets forth the concept and now Hyper V Technologies of Chantilly, Virginia, the project leaders, are to put the Tidman concept into action.


Electric vehicles may put 'disruptive load' on grid (westcoastjan)

Partly, that's because owners typically charge their vehicles at night, when the typical home isn't drawing much power. But it's also because, unlike other appliances such as stoves and dryers that are typically on for just a short time, electric vehicles may be charging for up to eight hours.

"That has an impact on the distribution grid," Odell added.

China Coal-Fired Economy Dying of Thirst as Mines Lack Water (Ben Johnson)

Coal industries and power stations use as much as 17 percent of China’s water, and almost all of the collieries are in the vast energy basin in the north that is also one of the country’s driest regions. By 2020 the government plans to boost coal-fired power by twice the total generating capacity of India. About half of China’s rivers have dried up since 1990 and those that remain are mostly contaminated. Without enough water, coal can’t be mined, new power stations can’t run and the economy can’t grow. At least 80 percent of the nation’s coal comes from regions where the United Nations says water supplies are either “stressed” or in “absolute scarcity.”

Oil Sands: 4,000 Environmental Infractions, 40 Punishments (westcoastjan)

TransCanada, the company trying to convince U.S. president Barack Obama to approve the construction of the Keystone XL pipeline that will see a massive expansion of the Alberta oil sands, was out last week touting Canada as a world leader in environmental protection.

The Nuclear Stars Align (James S.)

Combine this with Japan's nuclear issues (and an unusually hot summer in the region) and you get "the stars aligning" for a big lift in LNG demand. But it is temporary. Observers celebrating +$15/MMbtu prices in this part of the world need to remember that.


Alaska Looks for Answers in Glacier’s Summer Flood Surges (Mike K.)

hat the Mendenhall Glacier is thinning, and has been for decades, is only part of the explanation. Water from snowmelt, rain and thawing ice are also combining in new ways, researchers said — first pooling in an ice-covered depression near the glacier called Suicide Basin, then finding a way to flow downhill.

Why Has Global Warming Stalled? (westcoastjan)

Gradually the words 'pause' and 'hiatus' which first featured in the blogs have crossed to the media and then to the scientists professionally engaged in researching the global climate.

The headline – which the scientists will not thank me for – is that no one is really sure why the rate of warming has stumbled.

UK forests still feeling the impacts of 1976 drought (westcoastjan)

The researchers found that in the period immediately after 1976, there was a significant growth in beech mortality. Between 1977 and 1992, 17% of these trees died, while there were no deaths among the oaks.

"The beech growth dropped very suddenly," said Prof Alistair Jump from the University of Stirling who carried out the work along with researchers from Joint Nature Conservation Committee.

The Bitter Battle Over Alaska's Salmon (westcoastjan)

"Our people have lived off fishing for thousands of years," she tells me, as a rich aroma of woodsmoke and singed salmon meat hangs in the air. "It's our past and our future."

Gold & Silver

Click to read the Gold & Silver Digest: 7/24/13

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."

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  • Thu, Jul 25, 2013 - 4:59pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2963

    Chicago schools budget seen sinking deeper in red despite cuts


    1. Goldcorp Takes $1.96 Billion Writedown After Price Slump
    2. Chicago schools budget seen sinking deeper in the red despite cuts
    3. Rising bad debts hamper Spanish bank recovery
    4. Record number of people in the Eurozone do not trust the European Union 
    5. Detroit has lots of company in long-term-debt quagmire
    6. Report: 26% of HAMP Borrowers Redefaulted, Rate Continues to Worsen 

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  • Thu, Jul 25, 2013 - 9:51pm


    Aaron M

    Status Platinum Member (Offline)

    Joined: Oct 22 2008

    Posts: 790


    I sincerely hope that the pebble mine fails…
    People underestimate how vital salmon are, not only to the economy and ecology of the PNW, but to the Pacific Ocean as a whole.

    Thanks for sharing that link.


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  • Fri, Jul 26, 2013 - 12:05pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2963

    U.S. Fed balance sheet grows 8 straight weeks

    (For 7/26)



    1. Detroit's European Aftershocks
    2. Moody’s Sees Local Default as $21 Billion Matures: China Credit
    3. U.S. Fed balance sheet grows 8 straight weeks
    4. Newmont Takes $2 Billion Writedown as Gold Declines

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  • Fri, Jul 26, 2013 - 7:07pm



    Status Bronze Member (Offline)

    Joined: Nov 30 2008

    Posts: 115


    The Slingatron seems to me to be a complete boondoggle. A research project to figure out how to launch a 1 lb projectile at 1km/sec is ridiculous. The Rhienmetall 120 mm gun on the M1 Abrams tank can launch an 8 kg (17 lb) shell with a muzzle velocity of >1.5 km/sec. Naval guns fire shells weighing 1500 lb at 0.8 km/hr.

    The whole idea of accelerating a significant mass in a horizontal spiral path with a sudden ramp at the end is fraught with so many problems I don't even know where to begin.

    A straight, or gently curving, linear electric motor built across the foothills and up the side of a mountain would use existing technology, be capable of launching payloads with relatively low acceleration forces at velocities unattainable with chemical propellants.

    Why reinvent the wheel?




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  • Wed, Jan 20, 2016 - 7:12pm



    Status Member (Offline)

    Joined: Jan 20 2016

    Posts: 4

    Whole grains when refrigeration gone and for health right now

    In the future when refrigeration is sporadic, unreliable, and eventually unavailable, dairy, meat, fresh produce and many items we take for granted now will become less common, and we'll have to rely on grains (corn, potatoes, and other long-lasting root cellar food) for survival.  Some grains can last up to 25 years if packaged properly (i.e. in a vacuum in a dark, cold, dry place) and from 2 to 10 years with no special storage (longer in the dark, and longer a cool dry climate, less in a hot steamy area).

    Whole grains ought to be a large part of your diet already, they are full of fiber, vitamins,minerals, and the calories needed in the future when oil shortages have reached the point of affecting planting, harvesting, and distributions.  Now is the time to gain the skills, recipes, and purchase a grain mill with a manual attachment or entirely manual.  

    Also, the storage of grains ought to be skills gained now, not when it is too late.  I took John Jeavons biointensive workshop in 2003, the best method I know of growing a lot of food in as small a space as possible, and he recommended 60% of crops be devoted to those with a lot of calories, especially grains.  If you look for wholegrainalice on youtube you will find videos of me explaining how to make whole grain crackers from any kind of flour (lentil, rice, almond, wheat, quinoa, barley, oat, corn, garbanzo, etc).  My website has even more information. Although you can learn to make crackers for free by watching the videos and at my website, my book "Crunch! Whole Grain Artisan Chips and Crackers. Low-Fat, Low-Sugar, Low-Salt Snack. Garnish or Croutons. New, Easy, No-roll method" has recipes which took me years to invent since each flour has different baking times and properties. Yet they're easy to make, you can get them into the oven in 5 minutes, and they last for months, unlike bread, which goes stale the next day.  It is hard to imagine that a time could come when being overweight isn't the main problem…

    If you buy into the arguments of the gluten-free or Paleolithic diet, I encourage you to read my book review of "Grain Brain" at

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