Daily Digest

Image by Kevin Hutchinson, Flickr Creative Commons

Daily Digest 4/24 - Mexico's Revenge, Why A Second American Civil War May Be Inevitable

Monday, April 24, 2017, 10:19 AM

Economy

Marine Le Pen and Emmanuel Macron Advance (jdargis)

Even Jean-Luc Mélenchon, the far-left candidate who ran under a movement called La France Insoumise, or “Unsubmissive France,” had his strongest performance to date. Though his last-minute surge in the polls wasn’t enough to propel him to the second round, he still managed to claim 19.5 percent of the vote, far surpassing the 11 percent he won during his first presidential bid in 2012.

A Concerning Chinese Revolution (Tiffany D.)

Chinese workers are dealing with that concern — in fact, it’s no surprise that they fear being replaced by machines more than any other group. About 80% of Chinese workers polled by the ADP Research Institute earlier this year believed that tech would replace jobs requiring repetitive work. That handily beat the 12 other countries where polling took place.

The Simple Reason Why A Second American Civil War May Be Inevitable (Aaron M.)

This trend is irreversible as far as I can tell. That’s because it’s tied to innovation. As our country became more interconnected with roads and Americans gained more mobility, we chose to move to like-minded places. We’re given the internet, the greatest source of information in human history, and we use it to seek out only the information that reinforces our current beliefs.

We’re self-sorting at every level. Because of this, Americans are only going to grow more extreme in their beliefs, and see people on the other side of the political spectrum as more alien.

Mexico's Revenge (Jen H.)

In August, Peña Nieto invited Trump to Mexico City, based on the then-contrarian notion that Trump might actually become president. Instead of branding Trump a toxic threat to Mexico’s well-being, he lavished the Republican nominee with legitimacy. Peña Nieto paid a severe, perhaps mortal, reputational cost for his magnanimity. Before the meeting, former President Vicente Fox had warned Peña Nieto that if he went soft on Trump, history would remember him as a “traitor.” In the months following the meeting, his approval rating plummeted, falling as low as 12 percent in one poll—which put his popularity on par with Trump’s own popularity among Mexicans. The political lesson was clear enough: No Mexican leader could abide Trump’s imprecations and hope to thrive.

Wind & Solar Technology Won’t Stop the Collapse Of The U.S. Empire (yogmonster)

But, we shan’t worry about that if our focus in life is to upgrade to the next I-phone or switch the U.S. Interstate Highway from running on oil to stylish electric cars manufactured by Tesla. For those who are enamored by the wonderful “High-tech” stuff going on at Tesla Motors, please read the following article by Wolfstreet, What Tesla’s “Inexplicable” “Ponzi Scheme” Valuation Says about the Stock Market...

The Disintegrating Energy Sector Will Make The Entire System Grind To A Halt (yogmonster)

I don’t believe people really understand just how bad things will get as the financial markets finally roll over for the LAST TIME. Analysts such as Peter Schiff (who I respect), look at the ills of the economy and market based on incorrect use of Central Bank monetary rigging and the debt. Peter Schiff has no idea that the markets will never recover, even if gold was used to back our currency. This sort of analysis omits energy from the equation.

The Green Revolution Is Coming – Is Trump On Board?

In the utility and energy sectors, the public will benefit if deregulation lifts burdens on business that do not produce commensurate benefits to the public. The resulting savings, if any, can be passed on to consumers in the form of lower prices. On the other hand, these new savings can be used to expand the business and hire more employees. That’s the theory anyway.

Our Climate Future Is Actually Our Climate Present (Jen H.)

Projecting the effect of sea-level rise on a specific location typically involves recondite computer models and calculations; Burrito Justice was just a fascinated hobbyist, futzing around on his laptop in his backyard. His entire premise was unscientific; for now, it is unthinkable that seas will rise so high so quickly. Even as most credible scientific estimates keep increasing and the poles melt faster than imagined, those estimates currently reach only between six and eight feet by the year 2100.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/21/17

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."

2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
The market 'sits on a powerful time bomb' as French election...

The market 'sits on a powerful time bomb' as French election gooses ...

MarketWatch-3 hours ago
“Margin debt ... has the unnerving habit of peaking right around the time the bubble turns into a selloff,” Richter explained. “While it's a terrible predictor of a crash ...

Fitch cuts Italy's debt rating; cites weak growth ...

Reuters-8 hours ago
ROME, April 21 Ratings agency Fitch downgraded Italy's sovereign debt on Friday, citing the country's sluggish economic growth, fiscal slippage, weak ...

Italy Is the Euro-Area's Swaps Loser Facing $9 Billion Bill

Bloomberg-2 hours ago
Derivatives burdened Italy's public debt again last year for a record amount of 8.3 billion euros ($9 billion), making the country the biggest swaps loser in the ...

Hedge Funds That Flocked to Puerto Rico Bonds Face Long Road Out

Bloomberg-53 minutes ago
Hedge funds first starting buying Puerto Rico debt in the summer of 2013 ... on a restructuring deal, the largest ever in the $3.8 trillion municipal-bond market.

Greek Public Debt Rose to 314.897 Billion Euros in 2016

Greek Reporter-2 hours ago
Greek public debt totaled 314.897 billion euros at the end of 2016, from 311.668 billion a year earlier, Hellenic Statistical Authority said on Monday. The statistics ...

IMF says Greece needs to dig even deeper

MarketWatch - ‎17 hours ago‎
He said the private sector wouldn't accept that kind of restructuring because it gives Greece a strong incentive to default, or renegotiate, when the debt is at its peak. "They are likely to be politically and/or technically difficult," said Mr ...

China's debt crises come to a head in Zouping county

TODAYonline-11 hours ago
A regional debt crisis in recent weeks wiped billions of yuan from the .... had been set up by the end of last year, involving combined debts of 14.85 trillion yuan.

Our View: Illinois is heading for financial disaster — fast

Rockford Register Star-21 hours ago
... requiring spending to continue at 2015 rates, putting us deeper in deficit. ... bills and the nation's worst unfunded pension liability, Illinois is in real trouble.

 

Poet's picture
Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1891
#1 Risk To Earth: Solar Flares, Earth's Weakening Magnetic Field

Earth's magnetic field is weakening by 5% per decade, meaning even sub-Carrington Events may now have the same or greater effects.

Poet

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments