Daily Digest

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Daily Digest 12/10 - China’s Robotic Advantage, Inflation Can Return Much Faster Than You Think

Sunday, December 10, 2017, 12:56 PM

Economy

Inflation Can Return Much Faster Than You Think (thc0655)

It’s proving extremely difficult just to get up to two. Personal consumption expenditures (PCE) is the core price deflator, which is what the fed looks at. Currently, it is at about 1.4%, but it’s stuck there. It’s not going anywhere. The Fed continues to try everything possible to get it to two with hopes to hit three.

The reason is that it’s not purely a function of monetary policy, it’s a partial function of monetary policy.

Bitcoin ‘Looks Remarkably Like A Bubble,’ New Zealand's Central Banker Warns (jdargis)

Bitcoin, “mined” by computers performing complex calculations, surged to over $16,000 last week, and all bitcoins in circulation are now worth more than New Zealand’s entire $185 billion economy. Early investors include the Winklevoss twins, who played an early role in Facebook Inc.’s formation. Cameron Winklevoss told Bloomberg Friday he think bitcoin’s gains have only just begun as it will come to be seen as an upgrade to gold.

China’s Robotic Advantage (jdargis)

In order to remain competitive against both home country manufacturers that keep shipment costs down and countries that provide cheaper labor, China is facing increased pressure to develop a new comparative advantage. Regarding the build up of robotic capabilities, China is uniquely posed for success — in terms of scale, growth momentum, and money.

Brain abnormalities found in victims of US embassy attack in Cuba (tmn)

Physicians, FBI investigators and US intelligence agencies have spent months trying to piece together the puzzle in Havana, where the US says 24 government officials and spouses fell ill, starting last year in homes and later in some hotels. The US refers to “specific attacks” but says it does not know who is behind them. A few Canadian embassy staffers also got sick.

The Arctic Threat to Oil's Grand Bargain (jdargis)

These are not the putative offshore fields that energy supremo Igor Sechin touted five years ago as Russian oil's future. Arctic exploration has been all but halted by cheap oil and Crimea-based sanctions. But other development projects in the region have quietly gathered momentum, yielding almost 400,000 barrels a day of exports.

Recycling Chaos In U.S. As China Bans 'Foreign Waste' (sand_puppy)

The U.S. exports about one-third of its recycling, and nearly half goes to China. For decades, China has used recyclables from around the world to supply its manufacturing boom. But this summer it declared that this "foreign waste" includes too many other nonrecyclable materials that are "dirty," even "hazardous." In a filing with the World Trade Organization the country listed 24 kinds of solid wastes it would ban "to protect China's environmental interests and people's health."

Gold & Silver

Click to read the PM Daily Market Commentary: 12/8/17

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

sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 1763
Robies Farm

Robie mentioned again his farm, Bluestem Farm, in Central Virginia and I found a write up with some great pictures.  Very interesting to hear of the sheep, goats, cows and the projects to genetically promote qualities that make good grazing animals.  Fun to read.

sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 1763
Disillusioned Soldier

I have always thought that the ideal soldier is 18 years old:  physically fit, brimming with testosterone and full of idealism.  And not yet aware of how things actually work.  You are a pawn in the great Game of Thrones.  No upside, expendable, to be immediately forgotten (live or die) .... 

A report from the awakening of an infantryman.

"You Grow Up Wanting To Be Luke Skywalker, Then Realize You've Become A Stormtrooper For The Empire"

So you fight. You kill. Watch friends die. Its usually quick, almost never quiet, but for the rest of your life, when you remember sitting at the bar with them, they’re blown open. You picture the nights you spent downtown at Scruffy Murphy’s, but instead of the stupid hookah shell necklace, your boy’s jaw is blown off, and his left eye is ruined, and he’s screaming.

You fight, you kill, you watch friends die, and you notice a distinct lack of change. You kick in doors and tell terrified women to sit on the floor while you and your friends ransack their home, tearing the place apart, because they might be hiding weapons. There is no reason to believe this house in particular is enemy, same for the next one, and the one after that

Then you realize you haven’t seen anything to support the idea that these poor fuckers are a threat to your home. You look around and you see all he contractors making six figure salaries to fix your shit, train Iraqis, maintain the ridiculous SUVs the KBR dicks ride around in. You consider the fact that every 25mm shell costs about forty bucks, and your company has been handing those fuckers out like shrapnel flavored parade candies. You think about all the fuel you’re going through, all the ammo and missiles and grenades. You think about every time you lose a vehicle, the Army buys a new one. Maybe you start to see a lot of people making a lot of money on huge amounts of human suffering.

Then you go on leave, and realize that Ayn Rand has no idea what the fuck she’s talking about. You realize that Fox News and Limbaugh and John McCain don’t respect you or your buddies. They don’t give a fuck if you get a parade or a box when you get home, you’re nothing to them but a prop.

Then you get out, and you hate the news. You hate the apathy, and you hate the murder being carried out in your name. You grew up wanting so bad to be Luke Skywalker, but you realize that you were basically a Stormtrooper, a faceless, nameless rifleman, carrying a spear for empire, and you start to accept the startlingly obvious truth that these are people like you.

 

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