Daily Digest

Image by mrbpbs, Flickr Creative Commons

Daily Digest 5/1 - Global Elite Headed For Fall, Insane Bond, Stock and Real Estate Markets

Monday, May 1, 2017, 8:44 AM

Economy

The global elite are headed for a fall. And they don't even know it. (Sam D.)

To those on the center-left who are disgusted by the plutocratic antics of the Republican Party but dismiss the significance of Obama cashing in on his time in the White House by enriching himself and hobnobbing with the most famous people on the planet, I'd only note that "optics" (also known as "appearances") matter in politics — perhaps more than anything else.

‘My Brexit advice to Theresa May is to avoid negotiating at all costs’ (Empirical Spiritual)

“When you make a moderate proposal, they will react with blank stares and look at you as if you were reciting the Swedish national anthem. It is their way of stonewalling,” he said.

Prof Varoufakis, steeped in Hellenic mythology, says they will resort to the “Penelope Ruse”, the delaying tactic of weaving each day before unravelling it again secretly at night. “They will suddenly suspend talks claiming the need for more fact-checking,” he said.

Insane Bond, Stock and Real Estate Markets: Mike Maloney (pinecarr)

Maloney, who is an expert on gold and silver investing, says, “With all this geopolitical risk from North Korea, and we just dropped the ‘Mother of All Bombs’ (MOAB) in Afghanistan, which was most likely a threat to North Korea, we are at a very dangerous point in our history. . . . Since Kennedy . . . I can’t remember a time that was this dangerous.”

French Presidential Elections: And Then There Were Two (James W.)

As Ambrose Evans Pritchard notes in the Telegraph, 48pc of the French population “…voted for movements – from the hard-Left to the hard-Right – that fundamentally reject the EU as currently structured, with the sovereignty candidate Nicolas Dupont-Aignan winning 1.7m votes on a pure anti-EU ticket”. In other words, approximately half the French population rejected the pro-European establishment personified by the politics of Macron.

Detroit Is A Reminder Peak America Was Over 50 Years Ago (reflector)

The ‘American High’ ended in 1964 giving way to the next generational shift called the ‘Consciousness Revolution’ 1964 to 1984. During this period, Detroit started to fall ill to a disease called globalism. This is where global elites shifted capital from Detroit, and or other American cities to manufactures overseas on the basis of a human instinct called greed. In the process, many communities were destroyed as industry left producing third world conditions for the remaining few.

Emboldened by Trump but Divided by Generations, Democrats Look to 2020 (jdargis)

In the Senate alone, as much as a quarter of the Democrats’ 48-member caucus are thought to be giving at least a measure of consideration to the 2020 race, among them Cory Booker of New Jersey, Kirsten E. Gillibrand of New York, Amy Klobuchar of Minnesota and Kamala Harris of California. All are closer to 40 than 80.

Mr. Trump’s lack of conventional qualifications for the presidency may draw outside-the-box challengers who see him as having opened a range of unconventional paths.

Future World Economic Growth In Big Trouble As Oil Discoveries Fall To Historic Lows (yogmonster)

Oil discoveries declined to 2.4 billion barrels in 2016, compared with an average of 9 billion barrels per year over the past 15 years. Meanwhile, the volume of conventional resources sanctioned for development last year fell to 4.7 billion barrels, 30% lower than the previous year as the number of projects that received a final investment decision dropped to the lowest level since the 1940s.

Archaeologists Dig Up An 800-Year-Old Native American Pot. What They Found Inside Is Changing History (Aaron M.)

Inside, archaeologists found a stash of seeds. The seeds were probably buried in the pot as a method of storing food supplies. They were determined to be an old, now-extinct species of squash.

Now, seven years after making this stunning discovery, students in Winnipeg decided to plant the 800-year-old seeds… To everyone’s amazement, something grew!

A farewell to kings? New ideas on the vanishing monarch butterflies (jdargis)

Monarch caterpillars are born on milkweed leaves, where their mothers deposited them as eggs. They grow fat eating the plant. They are not pollinators; the milkweed gets nothing out of the relationship. In fact, the plant goes to great lengths to fight the monarchs. Milkweeds exude latex (the “milk” responsible for the eponym), which contains a noxious chemical cocktail suspended in the sticky rubber. A newly hatched monarch caterpillar’s teeth and feet can, and often do, get easily mired. “More than 60 percent of monarchs died in the burst of latex that accompanied their first bites into the plant,” Agrawal tells us. “Less than 10 percent make it to full size.”

Gold & Silver

Click to read the PM Daily Market Commentary: 4/28/17

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."

1 Comment

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4148
Central Banks to Stay Looser Longer Than Markets Expect

Central Banks to Stay Looser Longer Than Markets Expect

Bloomberg-6 hours ago
This is a busy time for major central banks. The Bank of Japan and European Central Bank met last week, the Reserve Bank of Australia and the Federal ...

Japan's cash-based society increasingly vulnerable to crooks

Japan Today-15 hours ago
Business journalist Hiroko Hagiwara told Yukan Fuji that one of the reasons why more people are keeping money in their homes is due to the negative interest ...
 
 

Greeks mark May Day with strike, demos against fresh cuts

Yahoo7 News-3 hours ago

A compromise is required to unblock a tranche of loans Greece needs for debt repayments of seven billion euros in July. A government source early Monday .

 
Older workers expect to retire with debt
Yahoo7 News-13 hours ago
The findings show of the $507 billion cost of support provided by Australians, $109 ... carrying mortgage debt into retirement can be a cause of financial stress for ...

FTSE firms face pension 'difficulty'

BBC News - ‎6 hours ago‎
Some of the UK's biggest companies face "difficult discussions" over their growing pension deficits, according to a pensions consultancy. In the past year, the combined pensions deficit of firms on the UK's FTSE 100 index has increased 13%, according ...

Pension fights in Dallas, Houston raise fears of police, firefighter shortages

Texas Tribune - ‎8 hours ago‎
Amid efforts by the Legislature to address immediate pension crises in Houston and Dallas, some see an opportunity to push for a sea change in how cities fund pensions. Critics predict such a move could drive first responders away in droves. by Brandon ...

 

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