Daily Digest

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Daily Digest 8/29 - Cow Dung Goes High Design, China And The Dark Side Of The Global Bubble

Monday, August 29, 2016, 7:27 AM

Economy

Why I Left Canada and Became A Citizen of the Dominican Republic (reflector)

There are certainly some things I love about the geographic region of Canada. I’m a life long hockey fan which I consider to be the best sport in the world (along with Mixed Martial Arts)… and Canada is ALL about hockey. It could be dead in the heat of summer (which lasts about six weeks and all anyone talks about is hockey). And, there are plenty of other things to like about Canada too. But given the high level of socialism/statism and the incredibly cold temperatures, it definitely wasn’t enough to make me want to give up half my life earnings just to stay there.

Mylan to Offer a Generic EpiPen at Half the Price (jdargis)

“We understand the deep frustration and concerns associated with the cost of the EpiPen to the patient, and have always shared the public’s desire to ensure that this important product be accessible to anyone who needs it,” Heather Bresch, chief executive of Mylan, said in a statement, calling the company’s move “an extraordinary commercial response.”

Why They Did It: Madoff and Enron’s Fastow Explain the Biggest Frauds in U.S. History (jdargis)

"It's like a comedy of errors," Madoff told Soltes. "To cover the losses, I decided to take in money from hedge funds. And in order for me to do that, I had to commit to a long-term strategy that I wouldn't send the money back [to investors]. I kept taking in more money, figuring that once the market allows me to do the strategy, I will be able to fix it." That's the classic explanation of supposedly well-intentioned Ponzi masters: Eventually the scam will miraculously produce profits and everyone will be made whole. Madoff, 78, has plenty of time for correspondence, as he's serving a 150-year federal prison sentence.

Prevailing Gray Swans: The Clear and Present Danger List for the Week Ending August 26, 2016 (James A.)

Simplifying the process is a focus only on the structural elements of the argument, particularly foreign policy, military strategy, and technology, that interrelate in a manner that produce a cogent argument on why this a Prevailing Gray Swan and not just “another Middle East war” which breeds complacency. The primary message to Americans is that the Syrian Conflict should not be viewed in the same class as regional wars like Iraq and Afghanistan because the Syrian Conflict can quickly become a war directly between the US/NATO forces versus Russia/Iran and not just second-world militaries and/or proxies of the US and Russia fighting in limited geographies with conventional weapons in the recent past.

Red Ponzi Ticking—-China And The Dark Side Of The Global Bubble, Part 1 (Aaron M.)

If that were the extent of China’s sins, a new sheriff in the White House wielding a big stick and possessing a steely backbone—-attributes loudly claimed by The Donald—-might be able to reset the game. After hard-nosed negotiations, he might even obtain a more level and transparent playing field, thereby eventually reducing our current debilitating $500 billion import trade with China and retrieving at least some of the millions of jobs which have been off-shored to the far side of the planet.

Part 2

Part 3

All the Ways Your Wi-Fi Router Can Spy on You (jdargis)

As people move through a space with a Wi-Fi signal, their bodies affect it, absorbing some waves and reflecting others in various directions. By analyzing the exact ways that a Wi-Fi signal is altered when a human moves through it, researchers can “see” what someone writes with their finger in the air, identify a particular person by the way that they walk, and even read a person’s lips with startling accuracy—in some cases even if a router isn’t in the same room as the person performing the actions.

Wind Power Finally Getting Out From Solar’s Shadow (Josh O.)

For instance, the nation’s first offshore wind farm is being developed off the shores of Rhode Island. Rhode Island is a natural place to take advantage of wind power thanks to its rugged ocean coast. The state is capitalizing on that geography with the nation’s first offshore windfarm. Once completed, the project should supply 30-megawatts to the region’s electrical grid, generating enough electricity to cover roughly 17,000 homes, including all of the tourist hub of Block Island. The project is moving ahead in competition with similar developments taking place in Massachusetts. These developments point to increasing interest in wind, even as solar continues to see support throughout the not-so-sunny northeast U.S.

Cow Dung Goes High Design (jdargis)

The day was sunny, with a gentle wind. T-shirt weather. From the top of the poop vat we had a view of the entire Castelbosco farm, one of eight farms run by Locatelli in the province of Piacenza, about an hour south of Milan. We could see the barns, home to some 1,500 dairy cows that produce milk for Grana Padano cheese. Their roofs and eaves were painted in cheerful geometric patterns by the British artist David Tremlett: yellows, fuchsias. We could also see the 13th-century medieval castle where Locatelli lives from May to November with his wife, Laura, a cheesemaker. We had breakfasted there a little while ago.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/26/16

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."

10 Comments

sand_puppy's picture
sand_puppy
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CHS: Trump by a landslide?
If we believe the mainstream media and the Establishment it protects and promotes, Trump has no chance of winning the presidential election. For starters, Trump supporters are all Confederate-flag waving hillbillies, bigots, fascists and misogynists. In other words, "good people" can't possibly vote for Trump. ...
 
For another, Trump alienates the entire planet every time he speaks.
 
The list goes on, of course, continuing with his lack of qualifications.
 
But suppose this election isn't about Trump or Hillary at all. Suppose, as political scientists Allan J. Lichtman and Ken DeCell claimed in their 1988 book, Thirteen Keys to the Presidency, that all presidential elections from 1860 to the present are referendums on the sitting president and his party.
 
If the public views the sitting president's second term favorably, the candidate from his party will win the election. If the public views the sitting president's second term unfavorably, the candidate from the other party will win the election.

 

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What Will Life be Like After an Economic Collapse?

As a reader of post apocalyptic novels I am used to the sudden-collapse imagery.  An EMP, coronal mass ejection, asteroid strike, pandemic, nuclear war, etc. 

Megan Steweart submits quite a different vision of a gradual and almost imperceptible decline, similar to what happened in Detroit over the last 2 decades.

 

  • Sporadic Public Services
  • Grocery Stores Gradually Closing until there are very few left
  • Social Unrest --gone on so long that nobody cares what it is about, only avoid the protests.
  • Ubiquitous crime, muggings, robberies.
  • Transportation breakdown. Everyone is forced to take mass transit walk and bicycle at the very time mass transit is becoming less safe.
  • Abandoned homes taken over by squatters.
  • Unemployed households.
  • Unavailability of healthcare.

There’s really no way to predict the timing of an economic collapse with any certainty and in most cases, an economic collapse will occur gradually without much warning unless you are paying close attention to activity and events going on around you and around the world. The best way to be prepared when it does happen is to start changing your lifestyle now, in the ways discussed above, so that you and your family can survive hard times in the future.

 

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"Collapse now...

...and avoid the rush."

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saxplayer00o1
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Negative interest rates could become the norm in downturns..ECB

 

Negative interest rates could become the norm in downturns, warns ECB...

Telegraph.co.uk-18 hours ago
Interest rates could dive into negative territory regularly in future economic downturns, according to a top European Central Bank official, while ultra-low interest ...

Massive BOJ Stimulus Shock Looms, Says $2 Trillion UBS Investor

Bloomberg - ‎6 hours ago‎
Governor Haruhiko Kuroda said over the weekend in the U.S. that the central bank won't hesitate to boost monetary stimulus if needed, and there is ample space for additional easing. He also said at the Federal Reserve's annual policy retreat in Jackson ...

Digging Into China's Growing Mountain of Debt

Bloomberg - ‎Aug 28, 2016‎
At its 2007 peak in the U.S., household debt reached almost 100 percent of GDP. What's more, in China household savings are twice as large as debt. Deposits were about 55 trillion yuan ($8.4 trillion) at the end of 2015, while debt was 27.4 trillion yuan.

Illinois' Unfunded Pension Liability Set To Get Larger

WIBQ-4 hours ago
Illinois (WIBQ) - Action taken by the Board of Trustees of the Illinois Teachers Retirement System is expected to translate into a large increase in Illinois' pension ...

 

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Slow decline versus Fast Collapse

Sand Puppy Wrote:

"Megan Steweart submits quite a different vision of a gradual and almost imperceptible decline, similar to what happened in Detroit over the last 2 decades."

Its very likely a slow decline will turn into a fast collapse. At some point the decline will breach a tipping point which will lead to an acceleration.  It takes a significant amount of economic activity to sustain infrastructure (Roads, electric grid, Water, Just-in-Time delieveries), Resources production (Food, Energy), Manufacturing (new equipment, replacement parts), and the rule of law. As economic activity declines, it will become increasing difficult to maintain the supply chains. Once a tipping point is breached, it will create a casading effect that quickly brings all economic activity to a halt. 

The issue I see, is that as global economic problems continue to grow, there will be increasing pressure for nations to become belligerent. Some countries that lack the resources needed to sustain their populations will be increasing pressed to use force to obtain the resources they need. Politicans will play the blame game for the problerms they created. They will be quick to blame outsiders, foriegners for economic problems, and use nationalism to direct anger away from the politicians to foriegn countries. The Great Depression brought us WW2, the odd favor that a greater depression will bring another global war.

A slow decline increases the odds of another global war as it provides the means for gov't to consolidate power as the people become ever more dependant on their gov'ts (Wealthfare, food, housing, healthcare, etc). The more services and infrastrature a centralize gov't controls the more power it obtains, eventually leading to a totalitarian gov't. When a central gov't with absolute power cannot provide enough resources to sustain its population, become vulerable to being overthrown. Either to distract its population from its problems or to obtain resources, central gov't go to war.

 

 

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Cornelius999
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The movie "The Day After

The movie "The Day After Tomorrow" portrayed the Gulf Stream shutting down far too quickly I thought. Maybe not. NASA weren't keen to comment.

Though not a global warming believer the man in the video I've flagged on the Relocation Group has very interesting things to say if you can get past the title. Mainly about where to live or not, which he learned from US Navy submariners.

 

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reflector
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reindeer lightning anthrax climate change conspiracy?

i just ran across this, posting it out of curiosity factor.

323 reindeer just died in norway, allegedly due to lighning strike(s), it sounded odd to me

https://www.rt.com/news/357519-reindeer-killed-lightning-norway/

some people are saying no, it's a cover story, it's really anthrax that's been released due to thawing:

An abnormal heatwave has raised temperatures on the Yamal tundra to over 27°C for 18 consecutive days in July, hitting highs of 35°C. Anthrax spores can survive in the frozen corpses of humans and animals for hundreds of years, waiting to be released.

http://researchfeatures.com/2016/08/09/anthrax-outbreak-arctic-circle/

http://nukeprofessional.blogspot.com/2016/08/323-reindeer-dead-in-norway...

http://www.zerohedge.com/news/2016-07-30/outbreak-russian-bio-warfare-tr...

sand_puppy's picture
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EuroPhysics News Publishes on the 3 building collapses of 9/11

The process by which "crazy" ideas move into the mainstream awareness (and sometimes acceptance) can be long, circuitous and halting. But today is a landmark day. A major physics magazine in Europe, Euro Physics News, has published a feature length article on the collapse of the 3 high rise buildings in NYC on 9/11/2001. It is written by retired BYU physics professor and former department chair, Steven E. Jones, and McMaster University professor emeritus, Robert Korol.

A good graph (discussed in detail in the text) pointing out limitations of previous explanations of the velocity of collapse.

15 Years Later:  on the physics of high rise building collapses (pdf).  

From the article's conclusion.

"It bears repeating that fires have never caused the total collapse of a steel-framed high-rise before or since 9/11.  Did we witness an unprecedented event three separate times on September 11, 2001? The NIST reports, which attempted to support that unlikely conclusion, fail to persuade a growing number of architects, engineers, and scientists. Instead, the evidence points overwhelmingly to the conclusion that all three buildings were destroyed by controlled demolition. "

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Doug's picture
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worth noting
sand_puppy wrote:

The process by which "crazy" ideas move into the mainstream awareness (and sometimes acceptance) can be long, circuitous and halting. But today is a landmark day. A major physics magazine in Europe, Euro Physics News, has published a feature length article on the collapse of the 3 high rise buildings in NYC on 9/11/2001. It is written by retired BYU physics professor and former department chair, Steven E. Jones, and McMaster University professor emeritus, Robert Korol.

A good graph (discussed in detail in the text) pointing out limitations of previous explanations of the velocity of collapse.

15 Years Later:  on the physics of high rise building collapses (pdf).  

From the article's conclusion.

"It bears repeating that fires have never caused the total collapse of a steel-framed high-rise before or since 9/11.  Did we witness an unprecedented event three separate times on September 11, 2001? The NIST reports, which attempted to support that unlikely conclusion, fail to persuade a growing number of architects, engineers, and scientists. Instead, the evidence points overwhelmingly to the conclusion that all three buildings were destroyed by controlled demolition. "

Quote:

It is written by retired BYU physics professor and former department chair, Steven E. Jones,...

1.  Steven E Jones retired early from BYU with which he had reached an agreement after being discredited for his 9/11 research and placed on paid leave.   https://en.wikipedia.org/wiki/Steven_E._Jones

2.  Europhysicsnews is not a peer reviewed journal.  It is a magazine published by the European Physical Society.

3.  Given that, even the magazine qualified the article:

Quote:

NOTE FROM THE EDITORS This feature is somewhat different from our usual purely scientific articles, in that it contains some speculation. However, given the timing and the importance of the issue, we consider that this feature is sufficiently technical and interesting to merit publication for our readers. Obviously, the content of this article is the responsibility of the authors.

IOW, we have a discredited physicist writing a speculative article in a non-peer reviewed magazine.  Take it for what its worth.

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