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Daily Digest 8/16 - The Greatest Threat To Our Freedoms, What Will You Do When The Lights Go Out?

Tuesday, August 16, 2016, 9:06 AM

Economy

The Greatest Threat to Our Freedoms: A Government of Scoundrels, Spies, Thieves, Ruffians, Rapists and Killers (reflector)

We’re being held at gunpoint by a government of soldiers—a standing army. While Americans are being made to jump through an increasing number of hoops in order to exercise their Second Amendment right to own a gun, the government is arming its own civilian employees to the hilt with guns, ammunition and military-style equipment, authorizing them to make arrests, and training them in military tactics. Among the agencies being supplied with night-vision equipment, body armor, hollow-point bullets, shotguns, drones, assault rifles and LP gas cannons are the Smithsonian, U.S. Mint, Health and Human Services, IRS, FDA, Small Business Administration, Social Security Administration, National Oceanic and Atmospheric Administration, Education Department, Energy Department, Bureau of Engraving and Printing and an assortment of public universities.

Public Safety: Is Terrorism Getting Worse? In the West, Yes. In the World, No. (jdargis)

Terrorism fatalities in the most dangerous countries in the world are falling. But deaths in North America and Western Europe, still rare, are up.

Banks across Europe are considering taking a drastic step to avoid negative rates (Arthur Robey)

As a consequence of persistently, banks are now looking to more old-fashioned methods of storing their money. Some financial institutions have already started experimenting with keeping physical cash, with Munich Re, the German insurer storing as much as €10 million in vaults.

A Melancholy Journey Through the Lost American Dream (jdargis)

It’s an experience that is both rarely discussed and frighteningly quotidian; as one author wrote in May about her own very American experience with poverty, “It’s scary being poor, worrying that one parking ticket would mean I couldn’t buy groceries, or deciding whether I should see a dentist about a toothache or pay my trailer park fee. … How many times have we been told to get a job, or that if we just worked harder we could improve our situation? Work harder. Work harder. Work harder. American society has made it perfectly clear: If you are poor, it’s your own damn fault.”

Falling Taxes Doom the U.S. Economy (Tiffany D.)

Not only are falling corporate income taxes leading to a recession, but they are also leaving the Fed with no choice but to keep rates at these extremely low levels — an environment that is set to remain for an increasingly long time.

How This Tiny Washington Town Became An Arts Titan (jdargis)

But Tieton wasn’t always that way. We met Speed Hugil at Tieton’s only bar, Bootlegger’s Cove. At 5 p.m. on a Saturday, the tables were nearly full, and the counter was packed. In the kitchen, the owners were cooking up a pot roast.

Hugil, 65, has spent his whole life here. And he remembers the town’s golden days.

Ethical Investments for the No-Longer-Broke (jdargis)

It turns out “impact investing” is less like mutual funds and more intended to complement traditional philanthropy: why just endow an organization when you can make money off your support, too? Unfortunately, that’s where these fund portfolios fall short: it’s hard to be both bleeding-heart and business-savvy. In the US, many impact investments are restricted by their volatility — it’s too risky to put money in the hands of non-profits, and financial advisors are often legally obligated to make you money.

What Will You Do When The Lights Go Out? The Inevitable Failure Of The US Grid (Josh O.)

When you hear about the possible insufficiency, unreliability, or lack of resiliency of the U.S. power grid, your mind might naturally move toward the extreme, perhaps National Geographic’s Doomsday Preppers. Talks about what a U.S. power grid failure could really mean are also often likened to survivalist blogs that speak of building faraday cages and hoarding food, or possibly some riveting blockbuster movie about a well-intentioned government-sponsored genetically altered mosquito that leads to some zombie apocalypse.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/15/16

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."

15 Comments

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
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Rudy Gulianni makes an admission?

The only way Rudy can be correct here is if 9/11 was not due to radical islamists.

He, of all people, is in a very good position to know the actual truth.

I say we take him at face value, haul him in, and put him under some intense questioning.

Not torture, mind you, just water boarding, extreme stress positions, mock executions...that sort of  thing.  You know, the sort of 'activities' that the US has decided for itself are not torture after all (when done by the US).

Otherwise, this statement by Rudy is bizarre in the extreme.  There's no way to interpret it that makes any sense, so my best guess it was a legitimate slip of the tongue.

Because, melted steel.

Jim H's picture
Jim H
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Posts: 2385
Interesting Chris....

I can see that candle flame of insight burning white hot in your head today!   

saxplayer00o1's picture
saxplayer00o1
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Posts: 4145
Why your state’s public pension plan is in a much bigger hole th

Why your state’s public pension plan is in a much bigger hole than you already fear

With pension promises intended to be paid in full, the science calls for discounting at default-free rates, such as those offered by Treasurys TMUBMUSD10Y, +0.28%  . Here’s the problem: 10-year and 30-year Treasurys now yield 1.5% and 2.25%, respectively. Pension funds on average assume a 7.5% return on their investments — and that’s not just for stocks SPX, -0.45%  . To do that, they have to take on a lot more risk — and risk falling short.

 

Why Aetna’s exchange withdrawal could mark a turning point for Obamacare

Doug's picture
Doug
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Normal stream of consciousness

We should be used to (particularly) Republicans lying and saying whatever stupid sh*t comes to mind given the record of Giuliani's candidate for POTUS.  Just minutes before he made that absurd statement he said:

Quote:

The oversight was all the more glaring because Giuliani had spoken moments earlier about visiting ground zero with Trump's running mate, Mike Pence, "when we went through the worst foreign attack in our history since the War of 1812."

http://www.npr.org/2016/08/16/490200895/rudy-giuliani-claims-no-terror-a...

JEB made a similar slip-up during the primary campaign:

Quote:

"While Donald Trump was building a reality TV show, my brother was building a security apparatus to keep us safe," Bush said, ignoring the 2,996 people who died on Sept. 11.

At that time, it was Trump himself who set the record straight, telling Bush, "The World Trade Center came down during your brother's reign, remember that?"

We are in an era where you can say any damn thing you want and there is a demographic who will believe you.  Has anyone evaluated Rudy for Alzheimer's?

 

Tall's picture
Tall
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Posts: 564
Plastic’s impact on the world’s oceans

Maps and sources

http://ensia.com/photos/8-maps-show-plastics-impact-on-the-worlds-oceans...

 

reflector's picture
reflector
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Posts: 269
Doug wrote:We should be used
Doug wrote:

We should be used to (particularly) Republicans lying and saying whatever stupid sh*t comes to mind given the record of Giuliani's candidate for POTUS. 

the time has come to leave the left/right paradigm behind, they are just 2 sides of the same oligarch-controlled coin.

to suggest that democrats are any less dishonest, power hungry, violent, and manipulative than republicans is delusional thinking.

hillary clinton.

i rest my case.

TechGuy's picture
TechGuy
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Posts: 414
Re: To suggest that democrats are any less dishonest

Refector wrote: "to suggest that democrats are any less dishonest, power hungry"

Not that I am a big fan of the RNC, but usually gov't expansion, regulation and taxation is smaller under the RNC. RNC is usually the lesser of two evils when it comes to regulations, taxation, gun rights, etc.

saxplayer00o1's picture
saxplayer00o1
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Posts: 4145
World seeing 'greatest monetary policy experiment in history' -
 

World seeing 'greatest monetary policy experiment in history' - Rothschild

RT - ‎8 hours ago‎
We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30 percent of global government debt at negative yields, combined with quantitative easing on a massive scale ...

Woo: Helicopter Money Only Thing Left at Table for Japan

Bloomberg-6 hours ago
David Woo, head of global rates and currencies research at Bank of America Merrill Lynch, talks about the slowing of Chinese capital outflows and what Japan's ...
 

Banks look for cheap way to store cash piles as rates go negative

Financial Times - ‎15 hours ago‎
European Central Bank,; European banks,; Central Banks,; Negative Interest Rates · Copyright The Financial Times Limited 2016. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web. Share.
 

 

Arthur Robey's picture
Arthur Robey
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Posts: 3936
Intense Bursts of Excitement.

Mmmm,

Where have we made mention of intense bursts of radiation from the sun?

 

KugsCheese's picture
KugsCheese
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Posts: 1447
Left vs Right Causes Dysfunction

The artificial Left vs Right in our politics leads to dysfunction.  TPTB love it because propaganda works better when positions and events must be plotted on a straight line.    John W. Whitehead is correct.

Uncletommy's picture
Uncletommy
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Posts: 569
I wonder?

"Before George W. Bush came along, we didn't have any successful Islamic terrorist attacks inside the United States"

Spin  -  Don't you just love it!

Time2help's picture
Time2help
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Posts: 2830
Similar slip up?
Doug wrote:

JEB made a similar slip-up during the primary campaign:

Quote:

While Donald Trump was building a reality TV show, my brother was building a security apparatus to keep us safe," Bush said, ignoring the 2,996 people who died on Sept. 11.

With 9/11 being an inside job, and given that the Patriot Act was pre-written and signed into law days after, and that the Security State went into overdrive setting up post...it would seem that Jeb's comment was spot on.

Assuming the "us" to which he refers is neither you, I or the masses.

Jim H's picture
Jim H
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Posts: 2385
Keeping it safe for Saudi, "hijacker" patsies

Indeed, one of the Bush administration's accomplishments was to override the efforts of this particular conscientious gov't employee in order to make it safe for a large pool of potential Saudi patsies to get approved for travel to the US;

note:  This factual data can be discarded by anyone incapable of using or trusting the parallel computing/pattern recognition capabilities of their brain.  It's just a coincidence, I'm sure.    

sand_puppy's picture
sand_puppy
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Posts: 1884
Michael Springmann: Creating Al Quada

Jim's video above is about Michael Springmann, a US embassy worker in Jeddah, Saudi Arabia in charge of reviewing visa applications of Saudi' wishing to visit the US.

He reports countless times where his CIA counter-part at the Jeddah embassy would override his decision to reject a visa.  Some who were not engineers would be give engineering visas. Some with no families in the US would be given visas to visit family, etc.

As a part of the CIA's role in the global Game of Thrones, it brought Muslim men to the US for training and then returned them to global hot spot to fight for US interests.

From his book "Visa for Al-Qaada"

During the 1980s, the CIA recruited and trained Muslim operatives to fight the Soviet invasion of Afghanistan. Later, the CIA would move those operatives from Afghanistan to the Balkans, and then to Iraq, Libya, and Syria, traveling on illegal US visas. These US-backed and trained fighters would morph into an organization that is synonymous with jihadist terrorism: al-Qaeda.

 

Bankers Slave's picture
Bankers Slave
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Posts: 523
You cant fault

the man for accuracy!

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