Daily Digest

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Daily Digest 6/13 - Your Data Trail Is A Gold Mine, All Markets "Increasingly At Risk"

Tuesday, June 13, 2017, 9:10 AM

Economy

Russian Cyber Hacks on U.S. Electoral System Far Wider Than Previously Known (jdargis)

Russian officials have publicly denied any role in cyber attacks connected to the U.S. elections, including a massive “spear phishing” effort that compromised Hillary Clinton’s campaign and the Democratic National Committee, among hundreds of other groups. President Vladimir Putin said in recent comments to reporters that criminals inside the country could have been involved without having been sanctioned by the Russian government.

Jeff Sessions poised for legal minefield as he prepares to testify on Russia (jdargis)

Sessions will be appearing before the intelligence committee five days after Comey’s testimony raised new questions about the attorney general’s role. After Comey’s appearance on Thursday, the justice department put out a statement contradicting the ousted FBI director’s account of an appeal he made to Sessions to make sure he was not left alone with the Trump, who Comey believed was pressuring him to curb the scope of the investigation of contacts between the Trump campaign and Kremlin representatives.

Massive Central Bank Asset Purchases: Last Ditch Effort To Save Economy & Cap Gold Price (yogmonster)

The amount of Central bank asset purchases are now reaching insane levels. And they have to. It is the same thing as being a drug addict. Once, someone starts down the road of drug addiction, it takes more and more of the drug to reach the same effect. Thus, when Central banks started purchasing assets to prop up the market, they have to continue, and they have to continue buying even more.

Bill Gross: "All Markets Are Increasingly At Risk" (jdargis)

Gross explains that his point is "that making money with money is an inherently acceptable ingredient in historical capitalistic models, but ultimately it must then be channeled into the real economy to keep the cycle going." However, in a world in which central banks have pumpted $8 trillion in liquidity that is no longer possible, worse as he notes it is only a matter of time before the paradigm of "making money with money" no longer works:

How the U.S. Triggered a Massacre in Mexico (jdargis)

But unlike most places in Mexico that have been ravaged by the drug war, what happened in Allende didn’t have its origins in Mexico. It began in the United States, when the Drug Enforcement Administration scored an unexpected coup. An agent persuaded a high-level Zetas operative to hand over the trackable cell phone identification numbers for two of the cartel’s most wanted kingpins, Miguel Ángel Treviño and his ​brother Omar.

Your Data Trail Is Like a Gold Mine (Tiffany D.)

Recently, I interviewed my friend and colleague Paul Mampilly for my monthly podcast. We share an interest in the data economy, and I put it to him that data itself wasn’t a commodity … it is a form of capital. He agreed wholeheartedly.

The major companies that dominate our digital lives, such as Google and Facebook, don’t charge us anything for their services to us.

Months of Deadly Anti-Government Protests in Venezuela (jdargis)

Beginning on April 1, anti-government demonstrators have staged daily protests across Venezuela that continue to devolve into violent clashes with riot police, leaving thousands arrested, hundreds injured, and 66 dead. Opposition activists are protesting against the government of President Nicolas Maduro, blaming him for a crippling economic crisis that has caused widespread food shortages for years. The head of the Venezuelan military has warned troops not to commit "atrocities" against protesters, while Maduro’s government continues to work toward rewriting the constitution, defying those accusing him of clinging to power.

Is This The First Sign Of A U.S., Chinese Solar War? (Michael K.)

The first months of 2017 saw 2 gigawatts of photovoltaic panels added, continuing a six-quarter streak and a huge boost in solar installations that came at the end of 2016, when more than 6 GWs were installed. The growth in Q1 of 2017 marks a slight decrease of 2 percent from the level last year, but it’s still indicative of an overall growth trend, as total additions have increased year on year since 2012, according to the Solar Market Insight Report.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/12/17

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."

6 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 3988
Nearly 2 million have dropped out of Obamacare since 2017 enrol

Nearly 2 million have dropped out of Obamacare since 2017 enrollment

Washington Times - ‎16 hours ago‎
9, 2017, photo shows the HealthCare.gov website, where people can buy health insurance, displayed on a laptop computer screen in Washington. Millions of Americans will still need to navigate the current federal health care ... The Centers for Medicare ...
thc0655's picture
thc0655
Status: Diamond Member (Offline)
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Posts: 1442
White male targets Republicans with rifle at baseball field

http://www.dailymail.co.uk/news/article-4603404/Steve-Scalise-aides-SHOT-baseball-practice.html

A gunman opened fire on a Republican congressional baseball practice session on Wednesday, injuring four people including House Majority Whip Steve Scalise in what is thought to have been a targeted attack on the GOP.

The shooter - described as a white, middle-aged male - fired up to 100 rounds from a high power rifle from the third base dugout at Eugene Simpson Stadium Park in Alexandria, Virginia, as the group practiced batting at around 7am.

He was eventually shot by two Capitol Police officers who were accompanying Scalise. They were both wounded as they exchanged gunfire with the shooter who is now in custody and undergoing treatment at a local hospital.

A congressional staffer for Texas Rep. Roger Williams and two Capitol Police officers were shot. Senator Rand Paul, who was at the scene but was not injured, described it as a 'killing field'.

A man thought to be the shooter asked if the group were Republicans or Democrats before opening fire, Florida Rep. Ron DeSantis said. North Carolina Rep Rep Mike Walker told NBC News the ‘gunman was there to kill as many Republican members as possible’.   

Sooo, I'm holding my breath waiting to find if the shooter was: 1) a Democrat/Progressive/Antifa Marxist protesting the "violence" of the Trump Administration; 2) a Republican/Conservative/Liberty movement person protesting the Republicans never keeping their promises and playing the game (politics, not baseball) just like the liberal Democrats; or 3) something completely unexpected.  I've already ruled out a Muslim terrorist, though I have been increasingly wondering why Muslim terrorists don't target the Western politicians who approve bombing Muslim countries instead of innocent civilians who are mostly against wasting money on those wars anyway.  I'm leaning toward the shooter being from the left of the political spectrum on the very thin evidence that he was apparently not a very good shot with his rifle.

Some leftists are already rejoicing and justifying:

https://news.grabien.com/story-left-wing-twitter-celebrates-shooting-rep-scalise

http://www.thegatewaypundit.com/2017/06/liberals-attack-potus-trump-scalise-shooting-dumb-ass-get-popped/

Either way, our declining Three E's are resulting in more and more social decay and violence (and we haven't even had an economic collapse yet!).  Though, really, things still aren't nearly as bad as the period 1968-1974.

Time2help's picture
Time2help
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You know your jaded when you think...

...maybe an impromptu distraction from this was needed. Wonder how much MSM air play this will get today.

London building fire: High-rise apartment engulfed in flames, at least 6 people killed (FoxNews)

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 3988
Global credit crunch WARNING issued on debt bubble as current ..

Global credit crunch WARNING issued on debt bubble as current ...

Express.co.uk-Jun 13, 2017
It mirrors the same movement seen before the financial crisis 10 years ago, raising fears the global bubble could be about to burst and another credit crunch.

China Defaults Feared as Firms Confront Short Debt Addiction

Bloomberg-13 hours ago
The habit of relying on borrowing short-term money to repay maturing debt has pushed up such liabilities to a total of 5.2 trillion yuan on China's listed ...

Young Chinese in the red as easy credit drives up debt

Gulf Times-17 hours ago
They are the faces of China's growing addiction to debt, which along with government ... particularly in major cities — fears of a real estate bubble have mounted.

Street sale: Houston offers city property to raise cash?

RT-21 hours ago
In May, the council approved the $5.2 billion budget, with $2.4 billion coming from ... $35 million more than the current one, due partly to a $51 million rise in debt ...

Chicago property tax bills going up 10 percent this year

Chicago Tribune-19 hours ago
... fire and teacher pensions, according to calculations released Tuesday by the ... assessments and it costs money for government to conduct appeal hearings.

 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2697
thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1442
Burning building defies laws of physics

It didn't collapse into its own footprint!  Hmmmm.

https://www.theburningplatform.com/2017/06/14/english-building-defies-laws-of-physics/#more-152497

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