Daily Digest

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Daily Digest 11/22 - Dark Meat, Can OPEC Get It Right At Long Last?

Tuesday, November 22, 2016, 7:21 AM

Economy

Dark Meat (jdargis)

On the debone line, the birds come at you fast. That was Lisandro Vega’s first lesson. The former prison guard in Puerto Rico had moved to the town of Huntsville, Arkansas, in 2013, following relatives who found work at a Butterball turkey plant. There, he was given a knife and gloves and told to stand at a station, where 47 dead and defeathered turkeys rushed past each minute. He was responsible for every second bird. Sometimes he cut out the hip joints; other times the breasts and livers. The pace was relentless: 1,410 birds an hour, more than 11,000 a shift.

Regime Shift: What Trump Means For Markets (Alex)

The single most important thing I gather though, from the election of Trump, is the change we’re experiencing in public sentiment.

The concern over public debt that put many “Tea Party” republicans into congress has now clearly been supplanted by a “growth at any cost” narrative. We’re seeing a global shift from fiscal austerity to a call for free spending.

Post-Election Mathematics (GE Christenson)

Any solution regarding the mathematical inevitability of the above will create massive trauma. Consider the outrage concerning: Reduce federal employees by 5% every year for a decade. Eliminate the Federal Reserve. Cut military retirements. Eliminate half the budget for the Department of Defense. Reduce Social Security benefits by 50%. Dismantle the Medicare system. Return to a gold standard. Eliminate the Departments of Education and Energy. Raise taxes for everyone. Eliminate SNAP – food stamps. Cut corporate welfare, foreign aid, and more.

‘Restoration economy’ strives to protect pollinators, create jobs (jdargis)

We begin where he resides, in Patagonia, Ariz., with its community pollinator gardens and Audubon Society hummingbird refuge, and then move on to this creek, where The Nature Conservancy has established a nearly 365-hectare preserve. One of the last perennially flowing streams remaining in Arizona, Sonoita Creek and its verdant floodplain are teeming with birds and butterflies when we visit. They crisscross the dappled shade between towering stands of cottonwoods and Goodding’s willows.

Canada will dump its coal power plants by 2030 (jdargis)

In October, Prime Minister Justin Trudeau announced that all provinces would be required to implement carbon emissions pricing programs by 2018. British Columbia has had a carbon tax since 2008, while Alberta will have a carbon tax starting on January 1. Ontario and Quebec are already operating carbon cap-and-trade schemes. Either sort of program will fulfill the requirement as long as the price per ton of emissions meets the federal standard.

Can OPEC Get It Right At Long Last? (Josh O.)

Of course, there is a good reason why Iran might be willing to support an OPEC-wide production freeze – that threat from President-Elect Trump that his “number one priority is to dismantle the disastrous deal with Iran.” Any move on this front to reimpose sanctions could cost Iran around 1 million bpd and would naturally impact on its bid to regain market share. If all OPEC members take a cut, the hit on Iran would be lessened. Perhaps they believe a burden shared is a burden halved.

New Quake Tests Resilience, and Faith, in Japan’s Nuclear Plants (jdargis)

Critics of Tepco, which struggled to keep on top of a crisis that unfolded over the weeks that followed the calamity in 2011, said they were relieved that there had been no immediate damage. But they said they remained skeptical that the company had done enough to prepare for a disaster on the scale of the earthquake five years ago. That quake, which had a magnitude of 8.9, set off tsunami waves as high as 130 feet in some places. (The highest waves on Tuesday reached about 55 inches.)

Gold & Silver

Click to read the PM Daily Market Commentary: 11/21/16

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."

9 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 2039
First injuries at Standing Rock

We are hearing of the first significant injuries from rubber bullets, concussion grenades and water cannons fired at protesters in sub freezing weather.

Were these fired by public servants (law enforcement officers) whose salaries are paid by the very people they are shooting at?  Or was it by hired "security personnel" (thugs) employed by the corporations?

Should the protesters sue the Sheriffs department?  Should protesters wear body armor, helmets and bring their own batons and water cannons?  Where does this go from here?

mntnhousepermi's picture
mntnhousepermi
Status: Silver Member (Offline)
Joined: Feb 19 2016
Posts: 176
would do you think the police are suppsed to do

when threatened ? Walk away ? And then the mob of 400 overruns them and does what ?

But, please, do not forget, the police did not go to the peaceful protest, to the camp and attack anyone. The protesters went to a police roadblock on a public highway and started dismantelling the first part of the blockade, trashed vehicle etc... while being aggressive to law enforcement. The act of forcefully trying to breach the road block is aggressive and threatening if it is the protectin the police are behind.

 

SO, it is valid of course to discuss tactics used in repelling what was by then a scary looking mob, but remember that these people that night chose to stop peacefully protesting and engage with teh police.

reflector's picture
reflector
Status: Gold Member (Offline)
Joined: Aug 20 2011
Posts: 279
where are you getting your information from?

mntnhousepermi,

the events as you described them are radically different from how i've heard them portrayed; i'm curious where you are reading your description of events? were you there by any chance?

as far as what i think the police should do, they should recognize the will of the people and support the protesters, not oppose them. it's a public road, let the public go about their way.

as far as any alleged non-peaceful protesters, you should be aware of how these things go; if a powerful interest such as an oil company is being protested, a frequent tactic is to infiltrate some agents provocateur into the group, to initiate some violent act so there is then an excuse to crack down on the "violent" protesters. it's effectively a false flag operation to smear a group of peaceful protesters and claim they are being violent and "scary".

derrick broze who was at the protest just put out a 5 minute video yesterday with some information on what happened:

 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 2039
Most Standing Rock information from facebook!!

I must admit that mtnhousepermi caused me to stop and reflect on what I know and don't know about the pipeline and its history.  And I know almost exactly nothing.  Except what my facebook newsfeed shows me.

And facebook is certainly an active political force.  Some stories propagate and some are stopped.

FB factual content is minimal, out of context and emotion evoking.

So what is going on at Standing Rock?

Washington Post has a bit of background.  It is written from the perspective of "let the pipeline through" and don't let government bureaucrats or protestors stop the energy company's progress. 

Standing Rock does seem to be a rallying point for lots of unhappiness with the system.  Several left leaning fb friends are driving to Standing Rock this week.  Daniel Sheehan, a famous public interest lawyer and writer has arrived.  Not just the more conservative Trump voters are unhappy with they system, but liberal Democrats.  Some common ground is being discovered between left and right.

ZH advises that "veterans" are heading there.  One advises that he seeks to defend the country against enemies foreign and domestic.  (How many will bring a rifle, just in case.)

And the whole thing is being allowed to escalate.  A president could step in and defuse the situation and call a time-out.  But he has not.  What is happening here?

 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 2039
Plea to LEO friends

I am reading more this morning and want to especially ask my LEO friends (and one family member) to be especially careful to not represent the oligarchy.  If citizens begin to view LEOs as the enforcement arm of a predatory oligarchy they will come under fire, fire that should be aimed at the oligarchy, but comes out at the LEO.

The billionaires who funded the PAC and the richly supported congressman who enacted their predatory legislation are nowhere to be seen.  But the LEO is out on the street.

Citizens are policed WITH THEIR CONSENT.  We all agree that we are safer living in a society that has rules and having rules enforced in general.  So we allow ourselves to be pulled over by police and even submit to being handcuffed and jailed (rarely) in support of "the system."

If that balance should shift and a certain percentage of citizen should start to view LEOs as enforcers of predatory elite, this would all change.

newsbuoy's picture
newsbuoy
Status: Gold Member (Offline)
Joined: Dec 10 2013
Posts: 325
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Britian's national debt at record high

Britian's national debt at record high ahead of Philip Hammond's ...

Daily Mail-16 hours ago
The national debt has soared to a record high but is now growing at a slower rate ... by Philip Hammond, official figures showed the national debt hit £1.64trillion ...

China again grappling with 'hidden' local debt

Nikkei Asian Review-12 hours ago
SHANGHAI -- China's local governments have issued more debt through ... Local government debt is seen totaling more than 17 trillion yuan at the end of 2016, ...

Illinois' billions: Pension debt and unpaid bills total more than $140B

Illinois Policy-21 hours ago
Fiscal mismanagement by Illinois politicians has resulted in mounting deficits that are hurting the state's economy, leading to ever-higher taxes, and driving ...

British taxpayers face 27 billion pound loss from bank bailout

Reuters UK-2 hours ago
Lloyds Banking Group rewarded investors with a surprise 2 billion pound payout ... counts towards reducing the burden of public debt once the shares are sold.

Saskatchewan's deficit is more than $1 billion

Regina Leader-Post-Nov 22, 2016
Saskatchewan's deficit has more than doubled since June. Job losses and increased taxes are on the table as a result. The province, according to the mid-year ...

 

kelvinator's picture
kelvinator
Status: Silver Member (Offline)
Joined: Dec 25 2008
Posts: 215
On the Side of the Indians

I had not known until I dug more deeply into the Standing Rock confrontation that the Native Americans have a valid claim on the land the corrupt, corporate dominated North Dakota state government is trying to jam the Energy Transfer Partners pipeline through.  As any student of history knows, American indians were cheated, lied to and exterminated throughout US history.  In this specific case, anyone can look up the history online - eg, from Wikipedia:

"1980   In the United States v. Sioux Nation of Indians, the US Supreme Court found that the Congressional Act of 1877 constituted "a taking of tribal property which had been set aside by the treaty of Fort Laramie for the Sioux's exclusive occupation."  The $105 million award was upheld.  The Sioux then turned down the money, claimed that "The Black Hills are not for sale."  Instead, they demanded that the US government return the Black Hills and pay the money as compensation for the billions of dollars in wealth that had been extracted and the damages down while whites illegally occupied the Hills."

Here's the nephew of President John Kennedy, Robert Kennedy Jr., who joined the protest in Standing Rock last week, as did my group in our local town, bringing out the largest demonstration in our history to protest in front of Citibank against the oligarchs trying to jam their outmoded oil money snout through the bodies of objecting Americans.  What have Chris and others told us about the absurdity of the "fracking revolution" and the ridiculous production estimates, the projections of imaginary bubble value this pipeline is designed to tap, all at the expense of our water, land, public roads, rights, health, etc.?

https://www.facebook.com/CollectiveEvolutionPage/videos/10154695434748908/

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Debt now over $19.9 Trillion

The Daily History of the Debt Results

Historical returns from 10/22/2016 through 11/22/2016

The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

( Debt Held by the Public vs. Intragovernmental Holdings )

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
10/21/2016 14,280,596,088,761.43 5,505,844,666,542.37 19,786,440,755,303.80
10/24/2016 14,280,600,879,535.61 5,507,419,808,984.92 19,788,020,688,520.53
10/25/2016 14,281,263,358,831.04 5,527,241,493,376.17 19,808,504,852,207.21
10/26/2016 14,282,026,426,872.79 5,513,471,034,408.83 19,795,497,461,281.62
10/27/2016 14,310,094,761,549.55 5,514,773,480,862.54 19,824,868,242,412.09
10/28/2016 14,309,982,958,438.22 5,510,526,280,153.27 19,820,509,238,591.49
10/31/2016 14,286,500,538,390.57 5,519,214,676,251.18 19,805,715,214,641.75
11/01/2016 14,284,843,453,012.60 5,475,210,674,033.23 19,760,054,127,045.83
11/02/2016 14,287,092,579,497.98 5,482,529,099,054.74 19,769,621,678,552.72
11/03/2016 14,320,172,405,570.40 5,469,963,924,432.79 19,790,136,330,003.19
11/04/2016 14,321,488,687,553.88 5,469,278,544,758.06 19,790,767,232,311.94
11/07/2016 14,322,368,992,722.54 5,474,220,508,053.54 19,796,589,500,776.08
11/08/2016 14,323,406,201,380.96 5,482,833,657,225.08 19,806,239,858,606.04
11/09/2016 14,324,109,031,573.47 5,469,588,130,730.35 19,793,697,162,303.82
11/10/2016 14,371,392,856,952.46 5,469,181,434,194.55 19,840,574,291,147.01
11/14/2016 14,370,898,566,705.93 5,471,275,383,163.65 19,842,173,949,869.58
11/15/2016 14,371,170,566,083.79 5,495,948,465,969.49 19,867,119,032,053.28
11/16/2016 14,372,638,397,082.72 5,485,189,463,602.89 19,857,827,860,685.61
11/17/2016 14,406,421,117,922.46 5,490,729,852,964.41 19,897,150,970,886.87
11/18/2016 14,406,543,875,848.20 5,489,426,480,230.83 19,895,970,356,079.03
11/21/2016 14,406,490,862,702.80 5,492,513,218,790.70 19,899,004,081,493.50
11/22/2016 14,407,162,989,714.94 5,500,377,749,799.58 19,907,540,739,514.52

 

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