Daily Digest

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Daily Digest 3/2 - Utopia Inc., Rebooting the System From Inside The Death Machine

Thursday, March 2, 2017, 9:20 AM

Economy

Beyond Trump: Rebooting the System from inside the Death Machine (Afridev)

It’s now clear that the Age of Trump represents a resurgence of powerful interests tied into a dying civilizational paradigm, being disrupted by converging social, ecological, energy, economic and technological forces.

In this sense, to see Donald Trump himself as ‘the problem’ whose removal would return us to the course of progress would be a grave mistake. Trump is, rather, a symptom of the problem: and the problem is global systemic crisis.

End Of A Golden Age (westcoastjan)

What was it that made the Golden Age exceptional? Part of the answer is that economies were making up for lost time: after years of depression and wartime austerity, enormous needs for housing, consumer goods, equipment for farms, factories, railroads and electric generating plants stood ready to drive growth. But much more lay behind the Golden Age of economic growth than pent-up demand. Two factors deserve special attention.

Russian Billionaire Takes 74% Loss on $85 Million Gauguin (Adam)

The art industry is closely watching the London auctions running this week and next as the year’s first test of the global market following a significant contraction in 2016. Christie’s sales fell 17 percent to $4 billion pounds ($5.4 billion) last year, while Sotheby’s reported a 27 percent decline to $4.9 billion. Both houses saw steep declines in their two biggest categories: Impressionist and modern art, and postwar and contemporary art.

Fake Risk, Fake Return? (Axel M.)

For those that say the system is rigged, I concur. In my assessment, central banks are largely responsible for a compression of “risk premia.” All else equal, quantitative easing and its variants around the globe have made assets from equities to bonds appear less risky than they are. This is at the very core of central banks efforts to entice investors to take risks, as risk taking is key to making an economy grow. In practice, central banks have foremost pushed up financial assets, but have largely disappointed in generating real investments. As a result, those holding financial assets have disproportionally benefited.

The Tyranny Of A Cashless Society Coming? (thc0655)

Looking to a future in which governments abolish cash in useful denominations, it follows that they will then focus on eliminating personal and commercial commerce through the use of compact high-value commodities such as gold and silver, a natural progression if $100 bills are taken out of circulation in the United States.

Passions run high as Kentucky Retirement Systems’ pension hole grows (thc0655)

During Monday’s meeting, Brad Gross, staff member of the Legislative Research Commission, clarified the numbers that had left many wondering about the governor’s $82 billion estimate. State Budget Director John Chilton, in a prior meeting, used a 4.5 percent assumption of the state’s borrowing rate or a 2.7 percent assumption, based on the 30-year treasury rate, to show how Kentucky’s unfunded liabilities would grow from $32.8 billion to the $82 billion using different assumption numbers.

Interconnected: Embracing Life In Our Global Society (David D.)

The Karmapa shows us how gaining emotional awareness of our connectedness can fundamentally reshape the human race. He then guides us to action, showing step by step how we can change the way we use the earth’s resources and can continue to better our society. In clear language, the Karmapa draws connections between such seemingly far-flung issues as consumer culture, loneliness, animal protection, and self-reliance. In the process, he helps us move beyond theory to practical and positive social and ethical change.

Utopia Inc. (westcoastjan)

Communitarian experiments such as Tamera are nothing new, although its longevity – almost 40 years – is unusual. Generally, intentional communities fail at a rate slightly higher than that of most start-ups. Only a handful of communities founded in the US during the 19th century’s ‘golden age of communities’ lasted beyond a century; most folded in a matter of months. This golden age birthed more than 100 experimental communities, with more than 100,000 members who, according to the historian Mark Holloway in Heavens on Earth (1951), sought to differentiate themselves from society by creating ‘ideal commonwealths’. The largest surge in communitarian ‘start-ups’ occurred during the 1840s and 1890s, coinciding with periods of economic depression. But it would be a mistake to see intentional communities merely as a knee-jerk response to hard times.

The Pentagon is building a ‘self-aware’ killer robot army fueled by social media (Afridev)

More alarmingly, the documents show that the DoD believes that within just fifteen years, it will be feasible for mission planning, target selection and the deployment of lethal force to be delegated entirely to autonomous weapon systems in air, land and sea. The Pentagon expects AI threat assessments for these autonomous operations to be derived from massive data sets including blogs, websites, and multimedia posts on social media platforms like Twitter, Facebook and Instagram.

Energy, Money, and the Destruction of Equilibrium (thc0655)

Energy flux is the driver of change in our galaxy. Nothing happens without a flow of energy. And what is energy? Energy is the ability to perform useful work. And in physics, what is useful work? Work is useful if it overcomes inertia or resistance in order to generate motion.

Energy, not money, makes the world go round. Energy is destiny.

Brillouin Energy Closes $7.75 Million Series B Round (Arthur Robey)

“This kind of financial support allows us to continue to build on the significant progress we have made toward commercializing the development of Brillouin Energy’s LENR technologies,” said Robert W. George II, Brillouin Energy’s CEO. “We’re excited that so many new and current investors value the opportunity ahead for Brillouin Energy as much as we do. Together, we’re going to make ultra-clean, low-cost renewable energy a global reality.”

Earthjustice: Trump Threatens Drinking Water For One In Three People (eelinski)

“Earthjustice will use the full strength of our nation’s bedrock environmental laws to protect our communities and secure our future. If the new Environmental Protection Agency Administrator Scott Pruitt and President Trump try to ignore the law, Earthjustice will continue to challenge them in court to ensure this Administration does not dismantle the basic mission of the EPA – the protection of our health and the environment.”

Five years after Fukushima: What have we learned from nuclear accidents? (Noah J.)

Kiyoshi Kurokawa, Sonja Schmid and Charles Perrow address safety and energy issues surrounding the nuclear accidents at Fukushima, Chernobyl and Three Mile Island at an Einaudi Center panel discussion March 11, 2016. Hirokazu Miyazaki, the John S. Knight Professor of International Studies and director of the Einaudi Center, and Rebecca Slayton, assistant professor of science and technology studies, moderated the discussion.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/1/17

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."

8 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4060
Senate deal to end Illinois budget impasse grinds to halt

Eurozone inflation above European Central Bank's target

BBC News-3 hours ago
Eurozone inflation has risen above the European Central Bank's (ECB) target rate for the first time in four years. Inflation in the 19-nation bloc hit 2% in February, ...

Venezuela is down to its last $10 billion

NBC2 News-22 hours ago
Venezuela only has $10.5 billion in foreign reserves left, according to its most recent central bank data. For rest of the year, Venezuela owes roughly $7.2 billion ...

S&P lowers Oklahoma's bond rating amid revenue failure

KOCO Oklahoma City-17 hours ago
The agency also lowered its rating on the state's appropriation debt from AA to ... Oklahoma currently has about $2.1 billion in tax-backed debt, which Joseph ...

Senate deal to end Illinois budget impasse grinds to halt

WSAU - ‎15 hours ago‎
The state's pile of unpaid bills has mushroomed to $12 billion, while its unfunded pension liability has climbed to $130 billion. As a result, Illinois' credit ratings, which have been downgraded six times since January 2015, are the lowest among the ...

Illinois faces continued economic downturn, think tank reports

Chicago City Wire-21 hours ago
The Illinois Policy report blamed excessive regulations, a pension crisis and the ... when coupled with workers' compensation costs and a loss of manufacturing ...

Fewer workers, higher wages: Japan Inc feels demographic pinch

Reuters-10 hours ago
The resulting impact on costs has prompted the company to slash its ... for the nine months through December, as labor costs and pension changes took a bite.

Pension Benefit Guaranty Corporation running out of cash to cover ...

New York Daily News-19 hours ago
The clock is ticking for 71 penniless union pension funds that rely on a federal ... Local 707 alone, with its 4,000 retirees, costs PBGC $1.7 million a month, ...

 

Uncletommy's picture
Uncletommy
Status: Gold Member (Offline)
Joined: May 3 2014
Posts: 471
Hey, Saxplayer, you're slipping.

I think you may be missing the REALLLY big stories affecting our world:

https://www.theguardian.com/science/2017/mar/01/how-much-pee-is-in-our-swimming-pools-new-urine-test-reveals-the-truth?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=215589&subid=17905408&CMP=EMCNEWEML6619I2

My father used to confound me by saying there is a silent "P" in swimming. This confirms it.

MJB's picture
MJB
Status: Silver Member (Offline)
Joined: Jan 5 2016
Posts: 117
Uncletommy

Got a kick out of this.. funny and gross at the same time. Needless to say I do most of my swimming in lakes :)

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5568
A recent interview on Max Keiser

I had a chance to re-appear on Max Keiser after a long interval...

Here it is (I come in around the half-way mark):

MJB's picture
MJB
Status: Silver Member (Offline)
Joined: Jan 5 2016
Posts: 117
Great Reporting!

My wife and I had a daughter in January, she came a little early and needed to stay in the NICU for 3 weeks and 2 days. She is home now and doing great.

Now comes the bill.. any guesses???

$111,074. Comes to about $200/hour. I will say she received great 24 hour care but holy crap! Thank goodness for insurance, not the ObamaCare kind. 

I have since heard several end-of-life care estimates that run in the million(s). Assuming John Q. Taxpayer is on the hook for a lot of that.

The first part of the video Chris posted above is worth watching.. Max talks about healthcare. "We are a Hospital masquerading as a Nation."

Ending on a personal positive, we will continue to rent as a family and hope that by the time we are able to save up enough again housing has fallen back to where it should be!

pat the rat's picture
pat the rat
Status: Bronze Member (Offline)
Joined: Nov 1 2011
Posts: 99
bottom up

We all know that this system is dying from the bottom up. The more cuts there is to time and benefits,the less money there is to spend.The rich and super rich will be the last to died from system.Great depression any body?  

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2236
Thanks for sharing your interview with Max Keiser, Chris!

I always like catching your interviews with others, so appreciate you sharing them with us here.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4060
China Expected to Lower Growth Target During Congress Focused on

China Expected to Lower Growth Target During Congress Focused on Economy

Newsweek - ‎5 hours ago‎
... worries among policymakers about high debt levels and an overheating housing market. Top leaders at the National People's Congress, which opens on Sunday, are expected to tolerate slightly slower economic growth this year, giving them more room to ...

Inflation Is Back, But Where It Goes from Here Depends on the Region

Wall Street Journal (subscription) - ‎2 hours ago‎
Inflation is back around the globe—even in Japan, the poster-child of an economy long beset by falling prices. The big question now is whether it will stick around. A major factor in higher global prices so far has been oil, which hit a 13-year low in ...

Venezuelan oil production may tumble 20% by the end of 2017

MarketWatch-20 hours ago
Venezuela has only $10.5 billion in foreign reserves left for the rest of the year, it owes about $7.2 billion in outstanding debt payments, according to a CNN ...

Kansas, facing huge budget deficits, wonders what to do next. Consensus is elusive

Los Angeles Times - ‎14 hours ago‎
The financial woes of Kansas, which is facing colossal budget shortfalls, took another odd twist this week, and an already messy situation got even messier. State government expenses are estimated to outpace income by about $1.1 billion through June 2019.

Greece approaches World Bank for cash

POLITICO.eu - ‎21 hours ago‎

A failure to complete the so-called “second review” of the package could prompt European creditors to withhold additional rescue funds from the Greek government, which faces major debt repayment deadlines in the coming months. A Greek default in turn ..

Putting Philadelphia's $149 million pension fund loss into context

Philadelphia Business Journal-3 hours ago
“The City's annual pension contribution has grown by over 230 percent since fiscal year 2001,” the mayor said. “These increasing pension costs have caused us ...

Calpers May Cut Return Target Again, California's Brown Says

Bloomberg - ‎18 hours ago‎
California Governor Jerry Brown said the state's retirement system is "probably" going to lower its investment-return goal again, a move that will further pressure local governments already straining under rising pension costs. The California Public ...

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