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    Daily Digest 9/12 – Signs Of Desperation, Some Hedge Funds Are Bleeding Cash

    by DailyDigest

    Monday, September 12, 2016, 2:55 PM


Negative Rates & The War On Cash, Part 4: “Financial Totalitarianism” (Thomas C.)

The same confused, greedy and corrupt central authorities which have set up the global economy for a major bust through their dysfunctional use of existing powers, are now seeking far greater central control, in what would amount to the ultimate triumph of finance over people. They are now moving to tax what ever people have left over after paying taxes. It has been tried before. As previous historical bubbles began to collapse, central authorities attempted to increase their intrusiveness and control over the population, in order to force the inevitable losses as far down the financial foodchain as possible. As far back as the Roman Empire, economically contractionary periods have been met with financial tyranny — increasing pressure on the populace until the system itself breaks:

Some of the Biggest Hedge Funds Are Bleeding Cash (jdargis)

Hedge funds have suffered their biggest withdrawals since the financial crisis, with investors pulling $23.3 billion in the first half of the 2016, according to data from Hedge Fund Research Inc. While the redemptions equal less than 1 percent of the $2.9 trillion industry, the biggest funds are bearing the brunt of the damage as pension plans and other large institutions that flocked to the name-brand firms during the heyday in the last decade are now retreating after years of lackluster returns.

DOJ Study Finds “Real And Nearly Unprecedented” Spike In Homicides Around U.S. (Thomas C.)

The “why now” question is something we recently addressed in another post entitled “Milwaukee Homicides Soar – What Is Going On In the Murderous Midwest?”. While the typical explanations for violent crime (e.g. poverty, unemployment, etc.) may explain why crime is higher in certain cities it certainly doesn’t explain why the sudden spike is occurring now. Thomas Abt of the Harvard Kennedy School of Government thinks the sudden spike is more likely due to the “Ferguson Effect” or a concept he refers to as “legal cynicism.”

The key question is why the spike in violence now? Ask any “expert” to explain the cause of violent crime and you’ll get a range of responses from systemic problems of poverty, unemployment, lack of education of inner city youth, breakdown of the family unit, etc. The problem is that none of those things explain the sudden changes in violence we’re currently witnessing in the Midwest.

The End of Homicide (Tom L.)

The lethal violence that persists is unevenly concentrated. Almost half of the roughly 430,000 annual murders around the world are generated by just 25 countries. A handful of states in Latin America—Brazil, Colombia, Mexico, and Venezuela—account for one quarter of all homicides on the planet. As many as 47 of the 50 cities with the highest murder rates are located there. The region is also one of the only parts of the world where murder rates continue climbing. A few other giants, notably India, Nigeria, South Africa, and the United States, also register comparatively high absolute murder tolls, although for the most part, conditions there are improving.

James Howard Kunstler: Signs Of Desperation (Michael W.)

The idiocy and mendacity extend to the broad voting public and the discredited elites pretending to run the life of the nation. The American public has never been this badly educated and more distracted by manufactured trivia. They know next to nothing. Even college seniors can’t name the Secretary of State or find Switzerland on a map. They don’t know in what century the Civil War took place. They couldn’t tell you whether a hypotenuse is an animal, a vegetable, or a mineral. Their right to vote is a danger to themselves.

Norway Forced To Cancel Arctic Drilling Plans (jdargis)

But Statoil – and the Norwegian government – are concerned that they will need more to replace aging North Sea oil fields. The government’s revenue for the first six months of 2016 was down roughly 29 percent from the same period a year earlier. In January, Norway was forced to dip into its massive $819 billion sovereign wealth fund for the first time in the fund’s history in order to plug budget holes. Statoil, unsurprisingly, is feeling the pain of low oil prices as well. In the second quarter, Statoil swung to a $28 million after tax loss, compared to a $929 million profit a year earlier.

Elon Musk Says Pending Tesla Updates Could Have Prevented Fatal Crash (jdargis)

One major change is that improved radar becomes Autopilot’s main system for scanning the road. Once the update is made, Autopilot will use images from cameras to supplement the radar system. The current system uses cameras as its primary source of images, and relies on radar to help confirm what the cameras see.

MIT Researchers Discover a Way to Make Pesticides “Stick” More (jdargis)

In its study, MIT experimented with a new way to get pesticide droplets to actually stick to plants. It’s a totally new and very strange approach: The researchers divided the pesticide into two groups, one of which was given a polymer that lent a negative electric charge, while the other was given a polymer that lent a positive charge. When they mix together, they form a hydrophilic surface on the plant itself, meaning that future drops are more likely to stick to it.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/9/16

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. 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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  • Mon, Sep 12, 2016 - 5:48pm



    Status Gold Member (Offline)

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    If she wants to become the first female U.S. president and save the world from President Donald Trump, Hillary Clinton is going to have to do something that goes against her nature: She has to come clean — about her health, about her wealth, about her speeches to Goldman Sachs, about her cozy ties to elite plutocrats, about her emails, about everything.

    Can't have hILLary without ILL.



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  • Mon, Sep 12, 2016 - 11:11pm



    Status Platinum Member (Offline)

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    Never Forget

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  • Mon, Sep 12, 2016 - 11:36pm


    Arthur Robey

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    The First Wife is like "Just one more day, Oh Lord. Just give me one more day." She has an IQ of 150. We're off to to the library with Cuddles, the Navel of the Universe, our granddaughter.

    My motivations need no explanation to The First Wife. In fact she finds them tedious. The explanations, not the motivations. She is glad that I am acting as a Real man and stepping up to the plate.

    Last night it was my turn to buy groceries.  What an embarrassing experience!  After scouring the shelves for the cheapest options, my tiny offering to the larder drained my meager bank account. But it stiffened my backbone. My response to my familys' predicament is spot on.

    Pro hint for men. Step up to the plate and collect wives. Forget the rules,  you can make your own up as you go along. Believe in divorce as much as you believe in Death. Don't believe in any of that malarky. Divorce and death both begin with d and both are fictions. 


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  • Tue, Sep 13, 2016 - 12:25am



    Status Platinum Member (Offline)

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  • Tue, Sep 13, 2016 - 2:55am



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  • Tue, Sep 13, 2016 - 5:20am

    Reply to #6

    Arthur Robey

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    Dr. Arthur's diagnosis.

    No. I'm not a doctor.

    Hilarious went weak at the knees when confronted the enormity of the evil that her mob had accomplished. 

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  • Tue, Sep 13, 2016 - 5:28am



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    A faux narrative?

    Hillary Helps US Mainstream Narrative Disintegrate, but Why? (Daily Bell)

    [quote=Daily Bell]Let’s start with the ceremony that Hillary attended yesterday. It was a remembrance of the attack on the World Trade Center. But the official story leaves much to be desired.

    In reality, as we reported yesterday, the public Commission examining the attack was lied to by the US government.

    The lying was so ornate and flagrant that John Farmer, leader of the Commission and now the Dean of Rutgers School of Law, wrote a book detailing how the Commission’s voluminous report has little resemblance to whatever actually occurred.

    One can speculate that Farmer wrote his book to defend himself from critics of the report. But no matter the reason, those politicians who gathered at “ground zero” yesterday were implicitly or explicitly endorsing the narrative of 9&11 as presented by the Commission.

    Certainly, none of those politicians seem to have taken a strong position against the current narrative despite the questions of critics, as follows:

    • It seems impossible that a large jetliner could have flown low enough and long enough to smash into the Pentagon.
    • Pilots have also said that the maneuvers necessary to cause a collision between (the) passenger jets and the World Trade Towers were likely physically and aerodynamically impossible.
    • The hijacked plane that supposedly crashed in Pennsylvania on its way to the White House left little behind in the way of wreckage and a fairly inconsequential depression in the ground. Critics have regularly questioned whether anything the size of a large plane crashed there.
    • Reports of calls between passengers and family members using mobile phones have reportedly been debunked. Mobile phones of the day did not function at that altitude. The planes in questions were not equipped with “plane” phones either. The FBI has indicated it cannot explain the calls.
    • Many of the so-called hijackers of the planes were later found alive and well in the Middle East. The FBI has explained these occurrences as the result of mis-identification.
    • The collapse of a third tower, Building 7, looks like a controlled demolition. Additionally, its destruction was reported by the BBC long before it actually occurred.
    • There are plenty of other anomalies regarding 9/11, just as there are regarding the reconstruction of the Twin Towers site itself. Insurance payments to the owner of the towers remain controversial, along with the construction of the new tower, which reportedly began long before the Twin Towers were destroyed.

    Finally, there is the question of Hillary’s health itself. She has continually claimed that her health is not an issue but obviously it is. In fact, the explanation for her recent bout of ill-health is that she is suffering from pneumonia. But this explanation makes little sense.[/quote]

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  • Tue, Sep 13, 2016 - 1:39pm



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    Big Bills Are a Curse

    Big Bills Are a Curse (Finanz und Wirtschaft)

    [quote]"Let's understand, cash is not forever. In fifty years there will be no cash."[/quote]

    [quote]Kenneth Rogoff makes a provocative proposal. One of the most influential economists on the planet, he wants to phase out cash. «Paper currency lies at the heart of some of today’s most intractable public finance and monetary problems», he writes in his brand-new book «The Curse of Cash». In it, he highlights that today it’s mostly large scale criminal organizations that are still depending on cash to go after their business. Also, in a world without big bills negative interest rates would work much better, argues the professor at Harvard University. In an extensive interview, he’s also expressing severe concerns about the banking system in Europe and about the economic slowdown in China[/quote]

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  • Tue, Sep 13, 2016 - 2:54pm

    Reply to #7


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    Quite the discussion.

    So, I guess it's time to invest in more BA stock and companies that make pallets and shrink wrap.  Why?  Because it's going to take more C-17's and pallets to hold all those "fives" and "tens" for future airdrop payments around the world.  Maybe the CHF 1,000 note will still be available.

    Personally, I was thinking of going back to wampum until I read this:

    Wampum were used by the northeastern Native Americans as a form of gift exchange. Early historians and colonists mistook[1] wampum as a form of money.[2] The colonists then adopted wampum as their own currency; however, the Europeans' more efficient production of wampum caused inflation and ultimately the obsolescence of wampum as currency.


    Oops!  Sounds like a line out of the "Hidden Secrets of Money" series.

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  • Tue, Sep 13, 2016 - 3:49pm



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    More things that don't seem right

    I researched the bio of Kenneth Rogoff:  brilliant man and chess grandmaster.

    Posted above is Nicole Foss' take on the impact of a cashless world: Financial Totalitarianism.

    This is very sobering to have such a clearly articulated analysis from a respected academic like Nicole Foss.


    Hillary's recovery 90 minutes after a syncopal episode is very complete and seems very uncharacteristic to me.  See her energy and vitality and the spring in her step as she leaves Chelsea's apartment?  This is not at all typical of someone who fainted on her feet due to pneumonia (pneumonia with hypotension = sepsis).  Did she get IV fluids and IV antibiotics in Chelsea's apartment?  Did they do a CBC, electrolytes, cardiac enzymes, UA, blood and urine cultures and chest x-ray in her apartment?  (This is pretty much the standard ED evaluation for someone with a cough, feels hot, who then faints.)  I'll bet a VIP with a private medical team get even more.  Normally, pneumonia with sepsis earns you a couple of days in the hospital on IV antibiotics, then a week at home with bedrest.

    IV fluids can perk a person up fairly quickly if their only problem is dehydration from heat exposure.  But if due to pneumonia and the syncope is part of a sepsis picture, then 5 to 10 days would be a more realistic time frame for return to vitality.  Not 90 minutes.

    Doubt we are getting the straight story on this.

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