Daily Digest

Image by JMCostanza, Flickr Creative Commons

Daily Digest 10/28 - Basques Wary Of Independence Bid, Wall Street’s Glory Days Are Numbered

Saturday, October 28, 2017, 2:20 PM

Economy

Rising Rents Are Pushing More Tenants Past the Breaking Point (Adam)

The findings were controlled for income distribution across the website’s 8 million users, according to Chris Salviati, an economist at Apartment List. Its listings skew toward higher-end apartments, attracting more-affluent renters, Salviati said, though it also attracts lower-income renters casting a wide net.

Forcing Trump's Hand, Sanders and Dems Intro Bill to Lower 'Outrageous' Drug Prices (edelinski)

According to a Kaiser Family Foundation poll published in April, the central component of the legislation is enormously popular: over 90 percent of the American public favors allowing the government to negotiate drug prices through Medicare Part D. The bill also immediately received endorsements from more than a dozen grassroots organizations, including Alliance for Retired Americans, Families USA, and Public Citizen.

The Family That Built an Empire of Pain (jdargis)

During the sixties, Arthur got rich marketing the tranquillizers Librium and Valium. One Librium ad depicted a young woman carrying an armload of books, and suggested that even the quotidian anxiety a college freshman feels upon leaving home might be best handled with tranquillizers. Such students “may be afflicted by a sense of lost identity,” the copy read, adding that university life presented “a whole new world . . . of anxiety.”

As Catalonia Crisis Deepens, Many Basques Wary of New Independence Bid (jdargis)

Even after its restoration, self-government was still not enough for some Basques — including a militant group, ETA, which killed more than 800 civilians, policemen and soldiers in a decades-long campaign for independence that formally ended this year.

But despite this tortured history, or perhaps because of it, the Catalan crisis does not appear to have markedly increased the zeal for Basque independence.

Wall Street’s Glory Days Are Numbered (Tiffany D.)

These are your investment bankers, securities exchanges (like the New York Stock Exchange and the Nasdaq), corporate lawyers, analysts, consulting companies, auditors, accounting firms, rating agencies and all-around paper pushers.

These entities exist for one main purpose: to help sell equity or stock to the public. So if you want in on the action, you have to go through this vast network.

Silver, Stock Markets and TANSTAAFL (GE Christenson)

National debt has risen at 8 – 9% per year since 1913. Since then the value of the dollar has rapidly devalued. Gold and silver rose in a generational bull market bubble into 1980 and then collapsed for two decades. Since 9-11 they have risen along with spending on endless wars and massive government deficits.

Bill Gates and Steve Jobs Raised Their Kids Tech-Free — And It Should've Been A Red Flag (lambertad)

Silicon Valley parents are strict about tech use due to the harmful effects of screen time.

How Many Barrels Of Oil Are Needed To Mine One Bitcoin? (Michael K.)

Cheap electricity is exactly what made China the Bitcoin mining king. The yearly cost of the energy necessary to mine Bitcoin determines its economics. But to get in on that you risk reputation because you’re either siphoning off surplus energy from somewhere else, or you’re partnering with the government. No matter how you look at it, it’s a very gray area. No one wants dirty coal fueling such a sophisticated endeavor, for example.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/26/17

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."

5 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1888
Opioid Epidemic Lead Off with Legal Opioids

Obviously, this addiction epidemic is multi-factorial and many elements contribute.

I must admit, that, as a GREEN Meme physician, I played a role in the 90s as I was a big advocate of asking people if they were in pain and treating that pain, often with narcotics.   The pain of muscle tension in the neck after a stressful day at the office or the body aches of influenza, generously treated with narcotics. 

Later, I came to understand that 10% - 15% of the people complaining of pain were lying to me and were specifically drug-seeking.   I began to see people that I knew personally having their lives destroyed as they abandoned all their interests, becoming isolated, quiet, withdrawn, stuporous, only caring about the next dose of narcotics --the only thing that still gave pleasure and peace.   Then the deaths started.  Our community hospital emergency department receives 1-2 near fatal narcotic overdoses each week:  People found on the sidewalk, blue, not visibly breathing.   The ones who awaken are brought to the ED.  The others, to the county morgue.  

Now I am very very very restrictive in narcotic prescribing.

The US maintains the Afghanistan government and installed its PM.  The PM's brother holds a cabinet level position where he coordinates the sale of Afghan heroin, via criminal networks, for distribution to the population of the world.  US troops patrol the poppy fields enabling all facets of this trade from cultivation and harvest, to purification and extraction, packaging, transportation, and international shipping.  All under the guise of "fighting terrorism" and "not interfering with the local economy."

(Global Research reports extensively on this.)  Michel Chossudovski writes:

The Afghan narcotics economy was a carefully designed project of the CIA, supported by US foreign policy.

As revealed in the Iran-Contra and Bank of Commerce and Credit  International (BCCI) scandals, CIA covert operations in support of the Afghan Mujahideen had been funded through the laundering of drug money.

(Source)

Then the USA pretends to fight a "war on drugs" with ever-vigilant DEA agents "protecting our youth" by intercepting boats and planes entering the US territorial waters.

The DEA pretends to "protect the public," by classifying cannabis as Schedule 1 (no currently accepted medical use with high potential for abuse) even though it is obviously helping millions of Americans with nausea, anorexia, seizures and chronic pain.  It is very clear to me that protecting the public is NOT the true function of this classification.

If we set all rhetoric aside and just basing our understanding on observed actions, what do we see?

  • Some elements OPPOSE having an abundance of narcotics on the streets of western cities.
  • Other more powerful elements DESIRE that narcotics be abundantly available to citizens.  This affects the minds and actions of the citizenry.
  • By having the narcotics be both ubiquitous and illegal, a mechanism for taking down undesirable persons is available. 
  • Great profits are made in the drug trade.  It is a multi-billion dollar business.  Drug money rivals oil money in magnitude. This money moves through the financial system, another source of profits.
  • Law enforcement interdicting (unauthorized) drug importers has the effect that only distribution networks approved by the deep state can participate in this lucrative trade.  The deep-state approved drug importers are thus a protected cartel. (See Michael Ruppert's Memorandum of Understanding between DEA and CIA)
  • Drug enforcement keeps prices high making profits excellent.
  • Drug enforcement provides a pretext for militarized border control.  (We might suspect that the thousands of militarized police were there to control us were it not for the assurances that they are protecting us from evil drug smugglers.)
sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1888
Univ of Washington Security and Privacy Lab--Hackers

My nephew just showed me a great little Nova ScienceNow clip of a group at the University of Washington that specializes in hacking into common devices:  anything with a link to the internet or a wireless connection is hackable.

Your pacemaker, implanted defibrillator, insulin pump, cell phone,  refrigerator, thermostat, fitbit.  And of course, your bank, brokerage account, laptop and desktop.

Yoshi could hack anything. If a bank says, "Our site is secure," in my head, I'm always like, "No it's not. Yoshi could get into it."

Your passport and drivers license has a chip that can be located remotely and used to identify and track your location.  Nike running shoes are equipped with a step counting device called "the Nike + iPod Sport Kit" in the sole that reports the number of steps taken and speed.  This can be used to locate and track the runner.

One of the fun parts was an example of hacking a car using its built in cell phone.  The car model they used was equipped with a built in cellphone to call 911 in the event of an accident.  They called the cars phone gaining access to the computer control systems.  They were able to learn how to unlock the doors, start the car, and slamming on the brakes remotely.  This could be done over the cell phone network from anywhere in the world.  (The Russians made me hit that tree....)

Segment starts at the 40:30 minute mark.  Duration 11 minutes.

Transcript here.

jgritter's picture
jgritter
Status: Gold Member (Offline)
Joined: Dec 13 2011
Posts: 273
Cynical

I thought I might be being overly cynical when my first thought upon hearing President Trump announce that the opioid epidemic was a public health emergency was that the price of heroin had fallen too low, but now I'm not so sure.  There also seems to be a supply chain disruption shortage developing around morphine and Fentanyl due the power supply disruption in Puerto Rico.  All the more reason not to be in any hurry to get the lights back on there.

John G.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
Africa's Public Debt Seen Exceeding 50% of GDP in 2017, IMF Says

Africa's Public Debt Seen Exceeding 50% of GDP in 2017, IMF Says

Bloomberg-1 hour ago
The median level of government debt in sub-Saharan Africa will probably rise to ... sub-Saharan African frontier markets or other countries with sovereign-credit ...

Venezuela May Not Be Able To Pay Off Its Billion-Dollar Debt

ABC2 News-16 hours ago
Venezuela is strapped for cash. And the country is facing deadlines on critical payments that, if missed, would result in the country defaulting on its debt.

The UK government faces a new £20 billion budget black hole

Business Insider UK-3 hours ago
The think tank said on Monday that the UK's budget deficit could be as much as £20 billion higher than forecast by 2020/21 when the Office for Budget ...

CT businesses, employees face hikes in health care premiums

The CT Mirror-4 hours ago

Washington – When the Affordable Care Act open enrollment period for health insurance begins on Wednesday, many individuals who buy their own policies ..

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Re: Africa's Public Debt Exceeding 50% of GDP in 2017 (IMF)

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