Daily Digest

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Daily Digest 10/6 - Fake News and False Flags, The USA's Day Of Reckoning

Thursday, October 6, 2016, 7:51 AM

Economy

The Eurasian Century is Now Unstoppable (reflector)

It’s been now three years that have transpired since then-new Chinese President Xi Jinping made one of his first foreign visits to Kazakhstan where he discussed the idea of building a vast, modern network of high-speed train lines crossing the vast Eurasian land space from the Pacific coast of China and Russia through Central Asia into Iran, into the states of the Eurasian Economic Union, principally Russia and potentially on to the select states of the European Union. That initial proposal was unveiled in detail last year by the National Development and Reform Commission (NDRC), China’s economic planning organization, and the ministries of Foreign Affairs and Commerce.

California petitions to become first state to offer ObamaCare to illegal immigrants (LesPhelps)

The Affordable Care Act technically bars illegal immigrants from insurance exchanges, but in June Gov. Jerry Brown signed a bill that allowed the state to apply for a federal waiver to open Covered California to illegal immigrants living in California. The bill’s sponsor said such a waiver would allow 390,000 illegal immigrants to receive health insurance.

However, even if the Obama administration green-lights the waiver, the insurance plans that would be offered – California Qualified Health Plans – would not be subsidized.

Bill Clinton calls Obamacare ‘the craziest thing in the world’ (lambertad)

‘So you’ve got this crazy system where all of a sudden 25 million more people have health care, and then the people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half. It’s the craziest thing in the world.’

Fake News and False Flags (lambertad)

The Bureau traced the firm's Iraq work through US army contracting censuses, federal procurement transaction records and reports by the Department of Defense (DoD) Inspector General, as well as Bell Pottinger's corporate filings and specialist publications on military propaganda. We interviewed half a dozen former officials and contractors involved in information operations in Iraq.

There were three types of media operations commonly used in Iraq at the time, said a military contractor familiar with Bell Pottinger’s work there.

United States Suspends Contact With Russia Over Syria Impasse (Aaron M.)

"Rather, Russia and the Syrian regime have chosen to pursue a military course, inconsistent with the Cessation of Hostilities, as demonstrated by their intensified attacks against civilian areas, targeting of critical infrastructure such as hospitals, and preventing humanitarian aid from reaching civilians in need, including through the September 19 attack on a humanitarian aid convoy," he said.

Covert strikes on Assad back on US table to prevent ‘fall of Aleppo’ – report (lambertad)

“It turns out that Washington has failed to fulfill the key condition of the agreement to ease humanitarian situation for the residents of Aleppo” said Foreign Ministry spokeswoman Maria Zakharova. “And now, apparently, having failed to honor these agreements that they themselves worked out, [the US] is trying to shift the blame.”

How Much Gold and Silver Do You Need For Retirement? (Taki T.)

You want to retire soon but you don’t trust debt based fiat currency paper assets. Besides, the stock market looks toppy and bonds have about run their 30+ year bull market to its inevitable and ugly end – as indicated by negative interest rates, QE, helicopter money, ZIRP, central bank insanity and more.

The USA’s Day Of Reckoning (Hidden Secrets Of Money, Episode 7) (Adam)

You’ll learn about the velocity of currency, a concept economists try to complicate but is actually quite simple when you realize it has more to do with psychology than numbers. You’ll also see all the potential moves the Federal Reserve will attempt to prevent disaster and how they will all fail.

Forget ‘too big to fail’ — the new concern is banks too weak to survive (lambertad)

“In some cases, weak banks will have to exit and banking systems will have to shrink,” the report concluded.

Policymakers can help by finishing reform agenda without significantly increasing overall capital requirements.

There is a new form of climate denialism to look out for – so don't celebrate yet (jbrent)

The only country in the world that has ever produced the lion’s share of its electricity from nuclear is France, and they’ve done it in a fully nationalized industry – a model that is unlikely to be transferable to the US, particularly in our current political climate. Even in the US, where nuclear power is generated in the private sector, it has been hugely subsidized by the federal government, which invested billions in its development in order to prove that the destructive power unleashed at Hiroshima and Nagasaki could be put to good use. The government also indemnified the industry from accidents, and took on the task of waste disposal – a task it has yet to complete.

Florida Faces "Biggest Evacuation Ever" As Hurricane Matthew Looms (reflector)

"I cannot emphasize enough that everyone in our state must prepare now for a direct hit," Gov. Rick Scott said in a Wednesday press conference. "If Matthew directly impacts Florida, there will be massive destruction that we haven’t seen in years. This is a deadly storm approaching our state."

The stern warnings came from everywhere – especially weather forecasters.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/5/16

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."

1 Comment

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Fifth annual Milliman Public Pension Funding Study finds funded

Fifth annual Milliman Public Pension Funding Study finds funded ...

PR Newswire (press release)-10 hours ago
... while the liability grew from $4.43 trillion to $4.58 trillion, resulting in a deficit of ... The Milliman Public Pension Study is based on the most recently available ...

Argentina Sells $2.8 Billion of Debt as Investors Seek Yield

Wall Street Journal-22 hours ago
April's massive bond issue was a milestone for the country, which had defaulted on more than $80 billion in sovereign debt in 2001. Argentine officials engaged ...

Japanese Investors So Desperate for Yield They'll Buy U.S. Munis

Bloomberg-10 hours ago
But with negative interest rates on Japanese bonds due in as many as 10 years and near record-low payouts on Treasuries, he discovered that state and local ...

Central Banks on QE Highway Worry About Running Out of Road

Bloomberg-22 hours ago

Long after their U.S. counterpart ended asset purchases and started raising interest rates, the Bank of Japan and the European Central Bank continue to rely on ..

Deutsche Bank Mismarked 37 Deals Like Paschi's, Audit Says

Bloomberg-1 hour ago

While Deutsche Bank has since cut risky assets and eliminated thousands of jobs ... In July stress tests, the European Central Bank found Monte Paschi to be the .

IMF Warns of Profit Slump at Indian Banks Amid Surging Bad Loans

Bloomberg-8 hours ago
“Additional nonperforming loans from debt-at-risk could overwhelm bank ... the turn of the century, reaching $152 trillion last year, and is still rising, the IMF said.

Corporate-Bond Issuance in Emerging Markets Jumps

Wall Street Journal-2 hours ago

... puts total emerging-market dollar bond issuance in the third quarter at $84.2 billion. ... In China, where corporate debt is equivalent to 120% of gross

State seeks to sell billions in pension bonds

Alaskajournal.com-20 hours ago
State of Alaska Debt Manager Deven Mitchell said in an interview Oct. 4, while on a trip to ... Bill Walker's administration to potentially sell $3.3 billion in pension ...

Global Bonds Retreat as Stimulus Outlook Upended a Second Time

Bloomberg - ‎11 hours ago‎
“We feel reasonably confident in saying that the cyclical lows are behind us in bond yields,” said Andrew Sneddon, a Sydney-based money manager at Russell Investments, which oversees more than $247 billion. He said a “strengthening inflation pulse ...

Russian government approves higher 2016 deficit as oil unsettles ...

Reuters-47 minutes ago
According to the version approved on Thursday, the deficit this year will be 3.03 trillion roubles ($49 billion), or 3.7 percent of gross domestic product, up from ...

Health care costs prompt latest special session calls

Minneapolis Star Tribune-18 hours ago
Some Minnesota lawmakers say big health care premium increases call for a special ... But there are few easy answers to get costs or stability under control.

Obamacare premiums in Oklahoma skyrocketing

kfor.com-16 hours ago
“Literally, my decision for next year is do I hire or do I pay my health care. ... rates increase, so do the subsidies available to offset the cost of individual premiums.

 

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