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Daily Digest 8/13 - Fractured Lands, The Untold History Of Black Gold

Saturday, August 13, 2016, 10:40 AM

Economy

Fractured Lands (jdargis)

History never flows in a predictable way. It is always a result of seemingly random currents and incidents, the significance of which can be determined — or, more often, disputed — only in hindsight. But even accounting for history’s capricious nature, the event credited with setting off the Arab Spring could hardly have been more improbable: the suicide by immolation of a poor Tunisian fruit-and-vegetable seller in protest over government harassment. By the time Mohamed Bouazizi succumbed to his injuries on Jan. 4, 2011, the protesters who initially took to Tunisia’s streets calling for economic reform were demanding the resignation of Zine el-Abidine Ben Ali, the nation’s strongman president for 23 years. In subsequent days, those demonstrations grew in size and intensity — and then they jumped Tunisia’s border. By the end of January, anti-government protests had erupted in Algeria, Egypt, Oman and Jordan. That was only the beginning.

Housing - Buy, Sell, or Rent? Fed's Goal to Keep You Betting Against Fundamentals? (Chris H.)

How is it house prices have gone up so much anyways? You can thank the Federal Reserve for that. The Federal Reserve has been cutting the FFR (Federal Funds Rate) since 1981. The 30yr mortgage (roughly linked to the 10yr Treasury yield + fees) has been falling with each cut to the FFR along the way (chart below). If your curious why rates rose so much and have fallen so long, so low, and will likely only keep falling.

Thomas Friedman Goes To The Wall (Michael W.)

Friedman is conceding that inequality and unfairness are legitimate concerns. He's just saying that now that the people most concerned about these issues have been beaten at the polls, we can safely go back to ignoring them and letting the beneficiaries of inequality worry about how and when to fix it.

Nearly 100 people shot in Chicago in less than a week (LesPhelps)

The three — two men and a woman — had been stopped at a stop sign in the 8000 block of South Marshfield Avenue when the gunman opened fire, police said. The van took off, made a left turn on 78th Street and stopped, police said.

The 45-year-old man was shot in the back and forearm. He was taken to Advocate Christ Medical Center in Oak Lawn and was pronounced dead, police said.

Negative Rates for the People Arrive as German Bank Gives In (Adam)

Raiffeisen Gmund am Tegernsee may be a tiny bank that’s only introducing penalties to well-off customers -- it says fewer than 140 will be affected -- but in principle the ECB’s negative deposit rate was meant to encourage spending and investment in the euro area’s sluggish economy, not to tax thrifty Bavarians. A spokesman for the Frankfurt-based central bank declined to comment.

Breaking The American Consumer (Tiffany D.)

Last week, for instance, the jobs number was, if you believe the media coverage, so exciting you’d think you were watching Meg Ryan’s famous Katz Deli scene from When Harry Met Sally. And, yet, just two months earlier, the number was so dismal you’d think you were reading in the media about Travis shooting Old Yeller.

Entering Perfect Storm of Every Facet of our Lives: Bill Holter (pinecarr)

Holter goes on to point out, “They have purposely diluted the price of gold in order to portray a strong dollar. . . . The reason they need to portray a strong dollar is to continue confidence in the system. It allows dollars to continue to be accepted. It also allows the U.S. Treasury to turn around and continue to borrow. That’s not working so well because the Federal Reserve has had to step up and buy major portions of auctions.”

The Untold History Of Black Gold (Taki T.)

In this report we revisit the history of oil in the region and, in particular, we look at how and when oil began to shape the political strategies of the West. Although we focus on the events of the 20th Century, we can trace the change of political doctrines to the weakening of the British Empire, due to the rise of the German “Kaiserreich”. The two powers competed on expanding their spheres of influence on the world map, until they met on the battlefields of World War I. This is when Mackinder’s theory of a divided Europe and Asia, competing for control of the resource-rich region of the Heartland, began to materialize. This theory remains valid today and the 20th century bore witness to how wars were fought to gain access to one primary resource: “black gold”.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/11/16

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."

4 Comments

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Be careful out there!

Policing for profit - the abuse of civil asset forfeiture

Civil forfeiture laws pose some of the greatest threats to property rights in the nation today, too often making it easy and lucrative for law enforcement to take and keep property—regardless of the owner’s guilt or innocence. This updated and expanded second edition of Policing for Profit: The Abuse of Civil Asset Forfeiture makes the case for reform, grading the civil forfeiture laws of each state and the federal government, documenting remarkable growth in forfeiture activity across the country, and highlighting a worrisome lack of transparency surrounding forfeiture activity and expenditures from forfeiture funds.

http://ij.org/report/policing-for-profit

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 319
Artificial Intelligence and Farmingg:

I wasn't sure where to put this but it may help some of the peak members who are farmers.There is now a very impressive start-up team of 20 located in los Alamos New Mexico.They have formed a company using artificial intelligence and nano technology.There pedigrees are impressive.They range from astrophysicists,mathematicians,data scientists etc.They initially started with corn crop forecasts and are now forecasting soybeans, among other commodities.Looks like they are putting to shame the US governments forecasts.Farmers,hedge funds,insurance companies live and die off of there predictions.Weekly forecasts are free.For anyone interested.info can be found at www.descarteslabs.com

 

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 319
Artificial Intelligence and Farmingg:

I wasn't sure where to put this but it may help some of the peak members who are farmers.There is now a very impressive start-up team of 20 located in los Alamos New Mexico.They have formed a company using artificial intelligence and nano technology.There pedigrees are impressive.They range from astrophysicists,mathematicians,data scientists etc.They initially started with corn crop forecasts and are now forecasting soybeans, among other commodities.Looks like they are putting to shame the US governments forecasts.Farmers,hedge funds,insurance companies live and die off of there predictions.Weekly forecasts are free.For anyone interested.info can be found at www.descarteslabs.com

 

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
The Crash Course by Chris Martenson - Book Summary

I happened upon this very effective "spoken-while-drawn" summary of the "The Crash Course" book, by  Nick Wright.  It is only 8-1/2 minutes long, and may offer "another tool in the tool box" for helping to communicate these ideas to others.  There's one glitch in that "environment" was misspelled.  But he nailed the key concepts, and did an excellent job of communicating them to others.  

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