Daily Digest

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Daily Digest 8/24 - NSA Hack Confirmed, China's Best Bank Called 'Mirage' of Shadow Lending

Tuesday, August 23, 2016, 8:18 AM

Economy

China's Best Bank Called 'Mirage' of Shadow Lending (jdargis)

“It’s a mirage built upon risks,” said He Xuanlai, of Commerzbank AG. The Singapore-based analyst cited smaller banks’ use of so-called “investment receivables” — including asset management plans and wealth management products — to boost lending without facing requirements to bolster capital and loan-loss provisions. “It’s hard to assess the banks’ true asset quality.”

Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An "Economic Shock" (jdargis)

He compares three policy approaches. The first assumes a linear world where fed funds can go into negative territory but there is no breakdown in the structure of economic relationships. It is probably not a realistic view of policy ineffectiveness at negative rates, but it is mean to be a baseline. The second just takes fed funds down to zero and keeps it there long enough for unemployment to return to baseline.

Gold Will Explode In Value Well Beyond What Jim Rickards Forecasts (reflector)

“I have a technical level for gold, it is $10,000 U.S. per ounce. That amount gets bigger over time because it’s a ratio of physical gold to printed money. The amount of physical gold doesn’t go up very much, but printed money goes up a lot, so the dollar target goes up more over time because of all the money printing.

Yup! The NSA Got Hacked (jdargis)

The tool allows the NSA to execute “man-in-the-middle” attacks, which intercept traffic on a network as it’s traveling from its origin to its destination. The agency used it to redirect users who think they’re browsing safe websites to NSA-run servers that infect their computers with malware—and then back to their destination before they know what happened. In a slide deck, the NSA used “cnn.com” as an example of the sort of site it could exploit to deliver its malicious code.

Millennials aren’t buying homes. Good for them. (jdargis)

Young people, it seems, are finding themselves falling further and further away from the American dream of homeownership. As you’ve surely heard by now, not only are they not buying their own houses, but they’re also increasingly not even renting their own places. Instead, they’re returning to — or perhaps, never leaving — the nest.

Is ExxonMobil Actually Only Worth A Fraction Of What It Says?

The legal headache stems from several news reports that ExxonMobil buried decades of internal climate science in order to protect its interests. That has environmental groups crying foul, blaming the oil company for decades of policy inaction to stop the growth of greenhouse gas emissions. That also was a key reason that New York attorney general Eric Schneiderman, along with several other AGs from different states, opened up an investigation into the company.

This very, very detailed chart shows how all the energy in the U.S. is used (CleanEnergyFan)

The data is pulled from sources like the Department of Energy and the census. “This is really the first time that all of this data is brought together in one flow diagram, which is important if you really want to understand the consequences through the whole economy of things like defense,” he says.

By Degrees: America’s First Offshore Wind Farm May Power Up a New Industry (jdargis)

A just-completed project off the coast of Rhode Island, though relatively tiny, is at the forefront of a sea-based transition to renewable energy.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/22/16

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."

11 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
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Posts: 1884
Revelations from the Soros Hack by DCLeaks

A summary of the Open Society Foundation's action on the global stage.  What we can see here is a broad, organized and deliberate effort to shape world politics by the Soros group.

This article summarizes the thrust of the 2,500 hacked emails from the Soros Open Society Foundation.

The Soros Hacks:  Top 10 Machinations of the Master Manipulator

---------------------------------------------

We are all reminded again of the *democracy deception.*

As the term is originally defined, democracy is based on respect for each person, their judgment and decision making capacity, the right to participate in an informed and meaningful way in their own governance.  However, the oligarchy "spreads democracy" because it is the governance form that they can surreptitiously control.  What is perceived as an egalitarian (GREEN Meme) structure is actually designed to concentrate control of societies in the hands of the elite.  (It is ORANGE Meme.)

Soros "democracy" gives the oligarchy the power to rule through regulatory capture, media control, election fraud, bribery, blackmail and the skillful use of propaganda.

The "Democracy" of the Elite.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2830
Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2830
Falling Apart?

'Borders are the worst invention ever!' EU chief Jean-Claude Juncker widens rift with European leaders as he calls for open borders (DailyMail)

  • Juncker risks widening splits with EU leaders with contentious remarks
  • Says borders should be scrapped despite migrant rush and terror attacks
  • Insists a stronger EU is best way to combating rising trend in nationalism
Quote:

Under-fire EU chief Jean-Claude Juncker risked widening divisions with European leaders today by saying borders were the 'worst invention ever'.

He called for all borders across Europe to be opened, despite the chaos caused over the last year from the flood in refugees fleeing Syria and the wave of terror attacks hitting various continent's cities.

The remarkable comments will further undermine Mr Juncker's precarious position as European Commission President.

He has faced repeated calls to quit after his failure to keep Britain in the EU and the refugee and Greek debt crises.

Today he accepted the Commission 'deserves criticism' but insisted national government's 'have to share the blame'.

Speaking at the Alpbach Media Academy this morning, Mr Juncker said: 'Borders are the worst invention ever made by politicians.'

 

Time2help's picture
Time2help
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Posts: 2830
Germany mulls military conscription

Germany mulls military conscription as part of civil defence plan (DPA International)

Quote:

The German government is considering bringing back compulsory military service as it eyes possible security threats facing the country, according to a confidential document seen by dpa.

The proposal is part of an Interior Ministry strategy paper that focuses both on preparing the country for potential NATO deployments and beefing up the country's civil defences. It is due for cabinet review on Wednesday.

"An attack on German territory that would require conventional defence is unlikely," the document said. However, civil defence measures are necessary because a "major security threat in the future cannot be ruled out," it added.

Military conscription was phased out five years ago.

However, Germany is considering new security strategies after two terrorist attacks and a mass shooting last month, as well as tensions between the NATO military alliance and Russia about the 2014 annexation of Crimea and subsequent military involvement in eastern Ukraine.

Also part of the civil defence plan is a measure that would require citizens to stockpile food and water for use in emergency situations.

Citizens should be required to have "an individual stockpile of food that would last for a period of 10 days, in order to support state measures" to provide basic supplies in emergency situations, the document said.

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 319
Clean energy fan

That is some chart!Absolutely mind boggling.Hard to comprehend.

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 319
Three cheers for Rhode Island:

First offshore windfarm in the nation to begin pumping power into the New England electrical grid. 

HughK's picture
HughK
Status: Platinum Member (Offline)
Joined: Mar 6 2012
Posts: 761
Questions about Soros
sand_puppy wrote:

 

We are all reminded again of the *democracy deception.*

As the term is originally defined, democracy is based on respect for each person, their judgment and decision making capacity, the right to participate in an informed and meaningful way in their own governance.  However, the oligarchy "spreads democracy" because it is the governance form that they can surreptitiously control.  What is perceived as an egalitarian (GREEN Meme) structure is actually designed to concentrate control of societies in the hands of the elite.  (It is ORANGE Meme.)

Soros "democracy" gives the oligarchy the power to rule through regulatory capture, media control, election fraud, bribery, blackmail and the skillful use of propaganda.

The "Democracy" of the Elite.

SP,

Which philosopher was Soros' most important teacher?  Anyone who doesn't know this off the top of his/her head, simply doesn't know one of the basics facts for understanding Soros.  

Once you find the answer, explain how Soros' work fits - or doesn't fit - with the NeoCon agenda.

Cheers,

Hugh

davefairtex's picture
davefairtex
Status: Diamond Member (Offline)
Joined: Sep 3 2008
Posts: 5408
democracy of the elite

Well for one, I think SP looks for any excuse to trot out that wolf picture.

So we get to pick between Koch and Soros.  Or maybe Soros picks one batch of candidates and the Kochs picks the other batch.  Almost makes you want direct democracy.  And a six-week campaign season like they have in the UK.

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Parasites.

Easy. The Neocons are Bolsheviks rebranded.

They were kicked out of Poland and Infested the executive function of the Russians killed of umpteen million in Russia and Germany until Stalin butchered them all, one by one.

They fled Russia to the US, and have infested the executive function of the  US.  They caused their host to butcher millions in the Middle East. Now they target Russia.  Does the US have a Stalin.? Not yet. But he's coming.

One of them "Cookies", said "Duck Europe ". We are still awaiting clarification.  Cookies has got a nice position right behind the other dear old Duck. The Duck doesn't need a brain. She's got Cookies. Cookies will tell her who to kill.

Jim H's picture
Jim H
Status: Diamond Member (Offline)
Joined: Jun 8 2009
Posts: 2385
Soros, and propaganda...

From the article on Soros' hacked emails that SP linked to;

In this excerpt below, Soros and Pyatt are on the same team in terms of propaganda dissemination after the illegal US coup:

“Ambassador: The short term issue that needs to be addressed will be the problem in getting the message out from the government through professional PR tools, especially given Putin’s own professional smear campaigns.

GS: Agreement on the strategic communications issue—providing professional PR assistance to Ukrainian government would be very useful. Gave an overview of the Crisis Media Center set up by IRF and the need for Yatseniuk to do more interviews with them that address directly with journalists and the public the current criticisms of his decision making.”

What are we to do?  We all need to wake up...  from MemoryHole blog;

The psychopathic perps behind the globalization of Operation Gladio are concussing the human mind, creating a false consciousness, an all-encompassing bogus reality.

This is taken for granted in Orlando False Flag: The Clash of Histories. As Barrett writes early on: “…cutting against the grain of mainstream propaganda in one way or another…is the most important intellectual task of our age.”

https://memoryholeblog.com/2016/08/24/barrett-anthology-thumbs-nose-at-contradictory-orlando-narratives/#more-33163

Many will want to stay in the matrix... the steak tastes so good there. 

KennethPollinger's picture
KennethPollinger
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 654
Following Rickards but wonder about SRSrocco

In the SRSrocco Report above, he seems to greatly disagree with Rickards on the amount of physical gold to own in order to preserve one's wealth.  Big difference between them seems to be OIL.

Wonder if anyone here cares to make a comment about this debate???  Would love to see Rickards response.

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