Daily Digest

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Daily Digest 4/20 - Democracy to Pathocracy, The Detroit Of Tomorrow?

Thursday, April 20, 2017, 9:39 AM

Economy

Democracy to Pathocracy: The Rise of the Political Psychopath (Time2Help)

Nor is there much of a difference between the havoc wreaked on innocent lives by uncaring, unfeeling, selfish, irresponsible, parasitic criminals and elected officials who lie to their constituents, trade political favors for campaign contributions, turn a blind eye to the wishes of the electorate, cheat taxpayers out of hard-earned dollars, favor the corporate elite, entrench the military industrial complex, and spare little thought for the impact their thoughtless actions and hastily passed legislation might have on defenseless citizens.

Trump still hasn't given the U.S. economy a reason to pick up (Merle2)

But that’s just the point. Even if you take Trump’s claims that repealing and replacing the Affordable Care Act and overhauling the U.S. tax code to lighten the load for America’s richest families would spur growth at face value (I don’t), the administration is nowhere near accomplishing either of those goals. The healthcare bill collapsed before it even came to a vote in the House. And while Trump promised a “phenomenal” tax plan within his first 100 days in office, he keeps fast-talking around the fact that the deadline is slipping away.

The Fall of Journalism Ethics and Standards in the Corporate Press (yogmonster)

It may be true that journalism never was alien to the establishment as it was always needed for propaganda purposes, especially in the absolutist and authoritarian systems, however, one is simply amazed upon realizing that ties between journalism and the governing political powers are even closer in the so-called “free and democratic world”, where a diversity and plurality on reporting would be expected. Instead, the reports on crucial issues, namely the conflicts in Yemen, Syria and Donbass, and the foreign policies of US and NATO, are pretty much the same. Even opinionated articles, features and columns have become pretty much alike across all media.

When Will They Ever Learn? (GE Christenson)

Ten years ago we were fighting in Iraq. That worked out well for the military contractors, killed many, and raised prices for the US people.

Today we are still fighting in the Middle-East and bombing Syria. A taskforce of ships is threatening North Korea. Who benefits?

The Detroit Of Tomorrow? (Tiffany D.)

The problem is the same as in the rustiest of any Rust Belt city — lackluster investment returns and retirees living longer lives. As a result, the city is on the hook for a lot more in “contributions” — direct payments to the fund.

A Silver Price Seasonality Chart (Taki T.)

Silver price seasonality could play an important role in the weeks to come. Why? Because on an annual basis silver tends to peak during the month of April. In May and June, silver tends to go sharply lower, only to recover in July, and continue its downtrend and stabilize throughout the second half of the year. That is based on the seasonality chart of silver over the last 3 decades, courtesy of our good friend Dimitri Speck from silver seasonal charts.

Oil Industry Worried About Trump’s “Buy American”

The executive order, if carried out, would affect companies building oil pipelines in the U.S., requiring them to use U.S. steel in their projects. But the order is imprecise and incomplete, and fleshing out the specifics of the plan could take more than a year. Crucially, beyond the splashy headlines, Trump’s executive order is the start of a process, not the end of one. Moreover, all the order does is ask federal agencies to review certain rules; it doesn’t require them to necessarily do anything concrete.

Startup Profile: Enviro Power Is Bringing Microcogeneration to the U.S. (Wendy SD)

Enviro Power has a patent for a 10-kilowatt microcogeneration unit (mCHP) and is seeking financing to bring the product to market. Its mCHP uses a micro steam turbine, powered by propane or natural gas, to produce both heat and electricity. The company claims this cuts electricity consumption by up to 30 percent, reducing greenhouse gases and saving money. In addition, larger cogeneration units use an internal combustion engine that needs maintenance, while Cocuzza expects that a micro steam turbine engine will be maintenance free for 10 years.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/19/17

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. 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."

6 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 3917
San Bernardino could end up in bankruptcy again, Moody's warns

San Bernardino could end up in bankruptcy again, Moody's warns

89.3 KPCC-14 hours ago
... with increased revenues and an improved balance sheet, but the city will retain significant unfunded and rapidly rising pension obligations," the report warns.

Delinquent Auto Loans At 8-Year High

WBRC FOX6 News - WBRC.com-11 hours ago
Debt from all household categories (mortgages, student loans, credit card debt, home equity loans, and auto loans) reached $12.58 trillion, approaching the ...

 

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Uncletommy
Status: Gold Member (Offline)
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Posts: 379
Oil industry worried about Trump's Buy American

If you don't think it's about oil, then you can continue to think that "Making America Great Again" is just another "Trump-ian" platitude to redirect the average American's thinking from the current economic reality. Given Tillerson's "Iran bashing", is it any wonder that the Saudi Arabian cartel of Sunni leaning regimes is starting to worry about making ends meet with stagnant oil prices?

http://www.nbcnews.com/news/us-news/tillerson-iran-left-unchecked-could-follow-north-korea-s-path-n748496 

As the Asian world becomes less reliant on the "old Guard" oil producers and is increasingly looking to new sources of energy, is it any wonder the Neo-con cabal is trying to tip the balance their way? At current rates of oil usage and stagnating production from US friendly sources, the US is going to have to realign their "exceptional-ist" mind set if it hopes to remain competitive is a resource pinched world. Just continue to believe the MSM headlines and you're setting yourself up for a disappointment. Donald better pray that the world reserve currency stays US based or the pain could be debilitating. 

http://oilprice.com/Energy/Energy-General/Why-The-Permian-Doesnt-Keep-OPEC-Awake-At-Night.html

And to think he's worried about the Canadian milk system taking away jobs from illegal Mexicans milking cows from over producing New York and Wisconsin dairies. Go figure!

sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 1514
ISIS disrupts Paris Elections

thc0655's picture
thc0655
Status: Diamond Member (Online)
Joined: Apr 27 2010
Posts: 1369
Not disruption

I don't think ISIS so much disrupted the French election as they encouraged the large number of undecided voters to vote for Le Pen. 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 3917
China's credit excess is unlike anything the world has ever seen

China's credit excess is unlike anything the world has ever seen

South China Morning Post - ‎5 hours ago‎
From a global macroeconomic perspective, we encourage readers to consider that the world is experiencing an extended, rolling process of deflating its credit excesses. It is now simply China's turn. For context, Japan started deflating their credit ...

Ignore China's Credit Risks at Your Peril, Says Top Manager

Bloomberg-15 hours ago
The fund manager said government debt is looking more attractive after the selloff. The benchmark 10-year sovereign bond yield rose about 40 basis points this ...

Kuroda Says Current Purchase Pace to Continue for Some Time

Bloomberg-Apr 20, 2017
The Bank of Japan will continue with very accommodative monetary policy and ... All but one of 39 economists surveyed by Bloomberg expect the central bank ...

Venezuela says inflation 274 percent last year, economists say far higher

Reuters - ‎21 hours ago‎
CARACAS Annual inflation in crisis-hit Venezuela last year reached 274 percent, according to data the central bank provided to the International Monetary Fund, although many economists believe the true figure is far more alarming. In the midst of a ...

Analyst Who Predicted Trump's Ascendancy Bets on Le Pen Win

Bloomberg - ‎5 hours ago‎
Markets are underpricing the prospect of Marine Le Pen emerging victorious in the French election as a sea of undecided voters throws into sharp relief pronounced apathy for center-leftist Emmanuel Macron -- the front-runner by a whisker -- and the ...

Illinois net pension debt tops $119 billion

Crain's Chicago Business (blog) - ‎19 hours ago‎
In case you had any doubt, here's more evidence that Illinois remains a national basket case when it comes to underfunding its government worker pension funds. ​ A report issued today by the Pew Charitable Trusts indicates unfunded liability in ...

Glennon: Is bankruptcy for states Illinois' best option? A primer

Illinois News Network-12 hours ago
In the case of governments, that includes unfunded pension liabilities insofar as there's no realistic hope of paying them. For Illinois, that means part of its $130 ...

BRIEF-S&P lowers Western Illinois University debt ratings three ...

Reuters-16 hours ago
BRIEF-S&P lowers Western Illinois University debt ratings three notches to 'BB-' ... Non-U.S. stock funds attracted $1.5 billion in net cash for the fifth straight week ...

State Pension Plans Underfunded by $1.3 Trillion According to Study

401kTV - ‎20 hours ago‎
Given the continued volatility in investment returns, state and local policymakers cannot count solely on returns to close the pension funding gap over the long term; they also need to follow funding policies that put them on track to pay down pension ...

Venezuela only has $10 billion left in reserves

CNNMoney-39 minutes ago
It owes $6 billion in debt payments for the rest of this year. There's also no sign that the country's lone source of revenue -- oil exports -- will be able to pay down ...

LA Mayor's New Budget: River of Red Ink Despite $1.9 Billion More ...

City Watch-11 hours ago
LA Mayor's New Budget: River of Red Ink Despite $1.9 Billion More Revenue ... out what games the City is playing to finance this year's budget deficit and how it ...

Obamacare Premiums Estimated to Rise 10 to 20 Percent in 2018

Bloomberg BNA-20 hours ago
Medical inflation is expected to be between 6 and 10 percent for 2018, which is “the typical annual trend” for health-care costs, Dillon said. But there will be ...

 

Time2help's picture
Time2help
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Joined: Jun 9 2011
Posts: 2605
Power Outages Coincide in LA, New York, and San Francisco

Power Outages Coincide in LA, New York, and San Francisco (Inverse Culture)

Quote:

A series of subsequent power outages in Los Angeles, San Francisco, and New York City left commuters stranded and traffic backed up on Friday morning. Although the outages occurred around the same time, there is as of yet no evidence that they were connected by anything more than coincidence.

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