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    Daily Digest 9/22 – Central Banks Have Gone Rogue, How the Next Downturn Will Surprise Us

    by DailyDigest

    Saturday, September 22, 2018, 4:16 PM


How the Next Downturn Will Surprise Us (blackeagle)

Central bankers and other regulators have largely succeeded in containing the practice that caused disaster in 2008: risky mortgage lending by big banks. But with so much easy money sloshing around in global markets, new threats were bound to emerge — in places the regulators aren’t watching as closely.

Don’t Miss the Signs of Another Slow-Motion Meltdown (thc0655)

That slowing down effect is important to bear in mind as we encounter the 20th anniversary of the Russia-LTCM financial crisis of September 1998 and the 10th anniversary of the Lehman-AIG financial crisis of September 2008.

Why the American empire has lost control—and its failure is imminent (Paul D.)

The political spectrum in the United States across the two major parties is now so narrow as to be almost irrelevant. What they argue about are cultural or social issues. But that’s a form of anti-politics. They don’t actually argue about anything of substance in terms of the economy or foreign policy. That’s why you see complete continuity between Republican and Democratic administrations.

Facebook Wanted Banks To Fork Over Customer Data Passing Through Messenger (Thomas R.)

The report says Facebook was interested in helping banks create bots for its Messenger platform, as part of a big push in 2016 to turn the chat app into an automated hub of digital life that could help you solve problems and avoid cumbersome customer service calls. But some of these bots, like the one American Express developed for Messenger last year, deliberately avoided sending transaction information over the platform after Facebook made clear it wanted to use customer spending habits as part of its ad targeting business. In some cases, companies like PayPal and Western Union negotiated special contracts that would let them offer many detailed and useful services like money transfers, the WSJ reports. But by and large, big banks in the U.S. have reportedly shied away from working with Facebook due to how aggressively it pushed for access to customer data.

Central Banks Have Gone Rogue, Putting Us All at Risk (Dan M.)

Marking the 10th anniversary of the 2008 collapse, former Fed chairman Ben Bernanke and former Treasury secretaries Timothy Geithner and Henry Paulson wrote in a September 7 New York Times op-ed that the Fed’s tools needed to be broadened to allow it to fight the next anticipated economic crisis, including allowing it to prop up the stock market by buying individual stocks. To investors, propping up the stock market may seem like a good thing; but what happens when the central banks decide to sell? The Fed’s massive $4 trillion economic support is now being taken away, and other central banks are expected to follow.

North Carolina’s Problem Isn’t Florence, It’s Poverty (Merle2)

We look away from the flood we know is coming. The slow seep of water down from the mountains, spreading out of its riverbed path, breaking out of creeks and cricks, rushing off the pavement of cities and heading Down East. The water swallows up crops and homes and pigs. We know this slow seep is not just water, but poverty.

Tropics are widening as predicted by climate models, research finds (Paul D.)

Widening of the tropics is important because it could be associated with severe changes in climate, Staten said. The world’s hot, dry deserts tend to be located in bands along the northern and southern edges of the tropics, so widening of the tropics could lead to expansion of the subtropical deserts. At sea, the edges of the tropics are zones of high salinity and low marine productivity.

John Deere Just Swindled Farmers Out Of Their Right To Repair (blackeagle)

At first blush, last week’s deal between the Farm Bureau and the equipment dealers might look like a win for farmers. The press release describes how equipment dealers have agreed to provide “access to service manuals, product guides, on-board diagnostics and other information that would help a farmer or rancher to identify or repair problems with the machinery.” Fair enough. These are all things fixers need.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/20/18

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  • Sat, Sep 22, 2018 - 12:20pm



    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Bankers Slave

    Farewell Brian, Godspeed man.


    Editor’s Note: We at AE911Truth were saddened by the recent news of the passing of Scottish firefighter Brian Maxwell. Brian’s brave actions on behalf of 9/11 Truth were prominently featured in the 2015 documentary Incontrovertible. In addition, we were pleased to tell Brian’s story in this article, published in July 2016, and in this May 2016 episode of 9/11 Free Fall. We thank Tony Rooke for writing this eulogy.”

    Farewell to Brian Maxwell, an Extraordinary 9/11 Truth Activist

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  • Sat, Sep 22, 2018 - 1:18pm



    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1837

    Julian Assange: We are the last free generation

    A last interview with Julian Assange;  This is the last Free Generation.
    Prior to being cut off from the internet, phone and most visitors, WikiLeaks founder Julian Assange gave an interview on the future of surveillance and how technological advances are changing humankind. 
    Provided to RT by officials with the World Ethical Data Forum in Barcelona, Assange’s outlook on where humanity is headed is – to put it lightly, dystopian. He says that it will soon be impossible for any human being not to be included in global government databases collected by federal officials and state-like entities alike. 

    This generation being born now… is the last free generation.You are born and either immediately or within say a year you are known globally. Your identity in one form or another –coming as a result of your idiotic parents plastering your name and photos all over Facebook or as a result of insurance applications or passport applications– is known to all major world powers.A small child now in some sense has to negotiate its relationship with all the major world powers… It puts us in a very different position. Very few technically capable people are able to live apart, to choose to live apart, to choose to go their own way,” he added. “It smells a bit like totalitarianism.

    Assange also predicts that AI will be able to automate hacking activities, dramatically increasing the scale of hostile activities through cyberspace. 

    There is no border [online]. It’s 220 milliseconds from New York to Nairobi. Why would there ever be peace in such a scenario?” he said. “[Entities online] are creating their own borders using cryptography. But the size of the attack surface for any decent-sized organization, the number of people, different types of software and hardware it has to pull inside itself means that it is very hard to establish.
    I don’t think it’s really possible to come up with borders that are predictable enough and stable enough to eliminate conflict. Therefore, there will be more conflict.

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  • Sat, Sep 22, 2018 - 1:21pm



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    Posts: 4

    John Deere

    Apparently corporations still don’t understand the perils of pushing citizens to their limits.
    Planned Obsolescence is a business model that is destined to fail.


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  • Sat, Sep 22, 2018 - 11:27pm

    Reply to #1


    Status Gold Member (Offline)

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    Posts: 691

    Brian Maxwell, Bankers Slave

    It is with great sadness that I say goodbye to Brian Maxwell. Brian and I have PMed each other on several occasions over the years. Although we never met in person, he was always an honest and principled person in my experiences with him. He saw the coverup of 9/11 for what it was and tried to do something about it! He stood up for what he believed. For that, I will always be in his debt.
    We lost a good man! Thanks for posting this, Time2Help.

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  • Sun, Sep 23, 2018 - 8:27am



    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1837

    A Reason For Being

    Charles Hugh Smith posts a wonderful essay today that includes this graphic on the subject of personal meaning, the needs of the world, market forces and one’s skills. 
    Most important was this graphic, “A Reason For Being.”

    The essay included many very perceptive comments.

    Thank you, … for the “food for thought” on aging. What we think about ourselves and our life, consciously and subconsciously, does shape the course of our life. We’re not mechanisms or computers.

    I personally just opted out of (resigned from) a corporate run emergency department that just adopted a new throughput optimization system that cranks up the pressure on the doctors, nurses and patients.  I found the new system pretty crappy from the standpoint of the human experience.  Though it was good for the administrators who evaluate the system through the window of the month-end-spreadsheet.
    I’m finding that attempting to work in a purely ORANGE Meme system (where increasing income and market share are the only real goals) just doesn’t work for me.  I can see the human being in front of me as a person and notice that they need a bit more of my time and concern.  A touching-of-souls happens:  but it may take an unhurried minute or two.
    I choose not to be purely “efficient” in the ORANGE Meme way.  At age 64, it is time to act on this value.
    I hope that I can find a smaller rural or small town ER where the pressure for speed is less.

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  • Sun, Sep 23, 2018 - 9:10am

    Reply to #4


    Status Bronze Member (Offline)

    Joined: Mar 19 2011

    Posts: 101

    Some Similarity

    Thanks for that post.  The subject matter reminded me a lot of this:

    The journey of yoga begins with a whispered question that lives within the silent depths of our hearts, a longing to know who we are and why we are here. Meditating deeply on these questions, ancient sages discovered four major forces at play that profoundly shape our day-to-day lives and guide us on a path to meaningful fulfillment

    Why am I here? (Dharma)
    What do I need? (Artha)
    What do I want? (Kama)
    Who am I? (Moksha)

    Me?  I’m no expert by any stretch of the imagination, just another student and seeker on the path.

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  • Sun, Sep 23, 2018 - 2:38pm

    Reply to #3


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    Posts: 514

    Serfdom by any other name, remains the same!

    I have often mentioned my distain of allowing the control of resources(natural or man-made) to be the sole descretion of any human enterprise. This marvelous movement towards the right to fix-it-yourself is going to be an uphill battle for years to come. Staying ahead to the wave will require inciteful activists willing to burn the “midnight oil” to achieve these ends. Whether legistlative action will be enough or come in time, I think, is doubtful.
    Be that as it may, one successful strategy is to keep it small and simple, buy used or hack what you can. Some people in my local network have designed equipment that out performs the commercial stuff using local materials, welders, electricians, plumbers, etc. You’d be amazed at what can be actualized with something as simple as a PLC, an electric motor and some wire.  In the meantime have a look at, Click Here to Kill Everybody , by Bruce Schneier to get a sense of what we may in for. He even offers some solutions

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  • Sun, Sep 23, 2018 - 4:08pm

    Reply to #1


    Status Platinum Member (Offline)

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    Posts: 882

    sad to read this

    I, too, PMed with Brian on a number of occasions.  I also never met him in person but his integrity came through in those communications.  He was a good man with guts.  I hope the bastards who probably contributed to his demise get what’s coming to them.  And I hope I live long enough to contribute to giving it to them.
    Of course, the moderator probably won’t even allow me to express these sentiments here. 

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  • Sun, Sep 23, 2018 - 5:28pm



    Status Bronze Member (Offline)

    Joined: Dec 10 2013

    Posts: 67

    Poor Man Wants to Be Rich, Rich Man Wants To Be King

    One day we’ll be raised about these badlands…

    1980, Ronald Reagan is elected president, David Stockman gets a job in DC and the neo-liberal take-over begins it’s momentum.
    “It’s no sin to want to be alive…”

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  • Mon, Sep 24, 2018 - 6:20am



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    Posts: 1837

    Charles hits another one out of the park

    Two days in a row, Charles Hugh Smith, hits it out of the park.
    Four Disastrous Presidential Policies That are Destroying the Nation.
    #1 is a summary of the effect of the Vietnam war and how it was waged on our legal and social landscape.  (You can read 2, 3 and 4 at website.)

    1. President Johnson’s expansion of the Vietnam War, which set the stage for President Nixon’s continuation of that disastrous war for an additional five years.
    For those who missed the 30-minute lecture on the Vietnam War in history class, Johnson took a low-intensity guerrilla war in South Vietnam in which the U.S. was supporting a corrupt and venal South Vietnamese elite and expanded it into a full-blown war with over 500,000 troops on the ground and numerous other forces engaged in a vast regional conflict.
    Johnson’s basic motivation was domestic politics: being a domestic political animal, Johnson was obsessed by the possibility that the Republicans could accuse the Democrats of being “soft on Communism” and win congressional seats in the next election if he declared victory and withdrew from Vietnam.
    To insure this wouldn’t happen, Johnson relentlessly pursued a war in ways that guaranteed it couldn’t be won while killing and maiming millions of people, mostly civilians, and squandering the lives of U.S. servicemen and women.
    Johnson did not follow the Constitutional requirement of declaring war with congressional approval. He opted to undermine the Constitution with an open-ended declaration of Imperial Presidential Powers (The Gulf of Tonkin Resolution) to wage unlimited war based on a “fake news” fictitious attack on U.S. ships in the Gulf of Tonkin.
    But the war itself was only one disaster of many. To mask the complete and utter failure of his “limited” war, Johnson launched a massive, concerted “fake news” propaganda effort in support of the “we’re winning the war” narrative.
    When Daniel Ellsberg released the Pentagon Papers, the true story was revealed: thousands of Deep State insiders knew the war was unwinnable and was being lost, at great cost. But few dared challenge the disastrous policy or the lies and propaganda being distributed by the federal government in support of the war.
    Meanwhile, the “law enforcement” efforts of the FBI were focused on draft evaders and other dissenters. Organized crime got a free pass as the FBI was politicized to fight domestic dissent–an institutionalized politicization that continues to this day.
    Both the FBI and CIA engaged in concerted, covert and completely illegal campaigns to infiltrate, disrupt and destroy dissenters in the anti-war and civil rights movements. This was well-documented by the congressional Church investigations in the early 1970s.
    War at Home: Covert action against U.S. activists and what we can do about it(book)
    Simply put, Johnson’s policy of pursuing an illegal full-scale war laid waste to the Constitution and launched an era of official “fake news” propaganda and the politicization of federal law enforcement. These disasters live on to this day, as official “fake news” propaganda and the politicization of federal law enforcement is the New Normal.
    No wonder the Vietnam War remains a poorly understood taboo topic; understanding the destructive consequences of the war’s embedded policies is extremely dangerous to the status quo.

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