Daily Digest

Image by a_whisper_of_unremitting_demand, Flickr Creative Commons

Daily Digest 12/18 - The Land Of Extreme Poverty, Is Bitcoin The Answer?

Monday, December 18, 2017, 10:06 AM

Economy

The Global Economy Is Partying Like It’s 2008 (blackeagle)

The Federal Reserve has already started to raise interest rates — on Wednesday it hiked the benchmark rate by a quarter of a percentage point — and has announced a schedule for reducing the mammoth amount of government securities it holds. At the same time, with the European and Japanese economic recoveries picking up pace, both the European Central Bank and the Bank of Japan are hinting that they are likely to soon follow the Fed’s lead in tightening monetary policy by raising rates.

Other reasons for fearing that the bubbles might soon start bursting are the fault lines in a number of major economies. Italy has both a serious public debt problem and a shaky banking system. Brazil is experiencing political turmoil while its public finances are on a clearly unsustainable path. China has a housing and credit-market bubble that dwarfs the one in the United States at the start of this century. And both Brazil and Italy will be holding contested parliamentary elections next year.

A journey through a land of extreme poverty: welcome to America (blackeagle)

Of all the people who crossed paths with the UN monitor, Chambers was the most dismissive of the American Dream. “People don’t realize – it’s never getting better, there’s no recovery for people like us. I’m 67, I have a heart condition, I shouldn’t be out here. I might not be too much longer.”

Millennials Are Screwed (jdargis)

The effect of all this “domestic outsourcing”—and, let’s be honest, its actual purpose—is that workers get a lot less out of their jobs than they used to. One of Batt’s papers found that employees lose up to 40 percent of their salary when they’re “re-classified” as contractors. In 2013, the city of Memphis reportedly cut wages from $15 an hour to $10 after it fired its school bus drivers and forced them to reapply through a staffing agency. Some Walmart “lumpers,” the warehouse workers who carry boxes from trucks to shelves, have to show up every morning but only get paid if there’s enough work for them that day.

“This is what’s really driving wage inequality,” says David Weil, the former head of the Wage and Hour Division of the Department of Labor and the author of The Fissured Workplace. “By shifting tasks to contractors, companies pay a price for a service rather than wages for work. That means they don’t have to think about training, career advancement or benefit provision.”

Inside the NSA's War on Internet Security (Older article, DennisC)

The Snowden documents reveal the encryption programs the NSA has succeeded in cracking, but, importantly, also the ones that are still likely to be secure. Although the documents are around two years old, experts consider it unlikely the agency's digital spies have made much progress in cracking these technologies. "Properly implemented strong crypto systems are one of the few things that you can rely on," Snowden said in June 2013, after fleeing to Hong Kong.

The Weaponization of Awkwardness (blackeagle)

It’s an extremely familiar sentiment—a very specific strain, essentially, of the bystander effect. And it’s extremely understandable, in a Relatably Awkward kind of way. No one would want to be in Foer’s position—just as, indeed, no one would want to be in Wildman’s. But here, again, in the case of the New Republic, was That Awkward Moment revealed not as a funny banality, but as a threat: Wieseltier, after Wildman’s report, stayed at the magazine (and then briefly joined The Atlantic as a contributor); Wildman, eventually, left. The awkwardness-aversion helped to insulate Wieseltier; it helped to alienate Wildman. See something, say something. Except.

Exclusive: Tracing ISIS' Weapons Supply Chain—Back To The U.S. (lambertad)

The aluminum paste in the bucket, for example, which ISIS craftsmen mix with ammonium nitrate to make a potent main charge for mortars and rocket warheads: Spleeters discovered the same buckets, from the same manufacturers and chemical distributors, in Fallujah, Tikrit, and Mosul. “I like to see the same stuff” in different cities, he tells me, since these repeat sightings allow him to identify and describe different steps in ISIS’ supply chain. “It confirms my theory that this is the industrial revolution of terrorism,” he says. “And for that they need raw material in industrial quantities.”

Is Bitcoin The Answer? (RPSTemple)

Money – of a sort – arises naturally in the animal kingdom. Chimpanzees trade a variety of delayed and highly valued favours which it would be impolite to describe. South American vampire bats run a small economy which pays in blood. The little darlings have such a need for their daily dose that they lend, borrow and pay back amongst themselves rather than let a close relative go fatally bloodless for a whole night.

How We Are Using the Blockchain in The Buildout of an Independent & Regenerative Media Ecosystem (Afridev)

Blockchain communities or ‘crypto-communities’ themselves are an odd bunch because they tend to be highly illogical — illogical with their ideologies, illogical in their sense of economic realities, and even worse, illogical in how they see, or don’t see, the future. This has mostly led to half-baked utopian, or dystopian, views of a ‘crypto-world’, and terribly misguided assumptions about how, among many other things, money can be redesigned for the perceived benefit of society.

Bitcoin's Final Boss (Afridev)

Back in October 2017, former Federal Reserve chairman Ben Bernake said “eventually governments will take any action necessary to prevent Bitcoin.”

He wasn’t kidding. The only question is whether the distributed design of cryptos can survive the assaults to come? Only time will tell. But the efforts to reign in the decentralized money engine have already started.

My Year Of No Shopping (blackeagle)

At the end of 2016, our country had swung in the direction of gold leaf, an ecstatic celebration of unfeeling billionaire-dom that kept me up at night. I couldn’t settle down to read or write, and in my anxiety I found myself mindlessly scrolling through two particular shopping websites, numbing my fears with pictures of shoes, clothes, purses and jewelry. I was trying to distract myself, but the distraction left me feeling worse, the way a late night in a bar smoking Winstons and drinking gin leaves you feeling worse. The unspoken question of shopping is “What do I need?” What I needed was less.

A Nasty, Nafta-Related Surprise: Mexico’s Soaring Obesity (blackeagle)

But few critics predicted it would transform the Mexican diet and food ecosystem to increasingly mirror those of the United States. In 1980, 7 percent of Mexicans were obese, a figure that tripled to 20.3 percent by 2016, according to the Institute for Health Metrics and Evaluation at the University of Washington. Diabetes is now Mexico’s top killer, claiming 80,000 lives a year, the World Health Organization has reported.

Hurricane Harvey studies: Yesterday’s 100-year storm is today’s 30-year storm (tmn)

Even in today’s climate, Harvey’s rainfall was at least a 1,000-year event, meaning there’s just a one-in-a-thousand chance it happens in any given year. But the researchers see evidence that the odds would have been even smaller a century ago. They estimate that there has been a (roughly) 18-percent increase in the intensity of extreme rain events along this stretch of the Gulf Coast since the late 1800s.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/15/17

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

DennisC's picture
DennisC
Status: Gold Member (Offline)
Joined: Mar 19 2011
Posts: 342
Happy Festivus...

to all the jolly travelers.  Started reading about the travel troubles at Atlanta yesterday.  Gosh, it sure is fun flying these days, unless you have your own plane.

So much for redundancy planning.  Kind of like having your disaster recovery site located at the site of the disaster.

According to a Georgia Power statement, the utility believes a piece of equipment in an underground electrical facility may have failed, causing the fire. The fire was next to equipment for a backup system, causing that to also fail.

“No personnel or passengers were in danger at any time,” the statement said.

No areas outside of the airport were affected by the power loss. The utility said there are “many redundant systems in place” to ensure the power supply to the airport and that such outages at the airport “are very rare.”

The utility apologized for the inconvenience and thanked people for their patience in a tweet Monday morning that included a photo of workers in a tunnel. All essential services were restored and an investigation into the cause of the outage was ongoing, the tweet said.

https://apnews.com/acb01522eb7149bcb120ce2dd0df8110/Holiday-travel-chaos...

And this article:

But of course this does not explain the glaring problem that has surprised and shocked national security experts: Why could a failure at one power source automatically knock out the supply to a whole airport? Why were there no backup systems to keep the essential services at the airport functioning? Why were there no emergency generators ready to cut in as they are, for example, at hospitals? Why was there no power for the most basic systems, not even lighting for the terminals, leaving passengers and airport staff in the dark at gates and security checkpoints?

As power was restored at midnight Kasim Reed, Atlanta’s mayor, said the fire was so fierce that it had engulfed the switch that was supposed to automatically trigger backup power—suggesting that the design of the system’s redundancy was badly flawed.

https://www.thedailybeast.com/hartsfieldjackson-atlanta-airport-blackout...

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 2039
The extra-terrestrial "threat"

The extra-terrestrial "threat"

Something quite unusual happened 2 days ago on December 16, 2017.  Remember that date.

The New York Times, CBS and Politico officially and publicly stated that the Pentagon is taking UFOs seriously and has been for quite some time.  They report a ongoing secret program to analyze unexplainable encounters between flying objects and air force jets.

(No this is not an "illegitimate" conspiracy theory.  It is in the NYT reporting, making it, by definition, a "legitimate" one!)

Steven Greer, Richard Dolan, Catherine Austin Fitts and quite a number of others have talked about the next stage of the oligarchy's efforts to unite the people of Earth under their control.  What we need now is a really scary EXTERNAL THREAT and heroic people to unify the people and lead the fight against those attacking us.

What they keep coming back to is an ET False Flag.

If this idea is totally crazy to you, I suggest that you soften your sense of certainly a bit, and let some curiosity lead you to peruse this topic.  Can you consider a topic, even though you might start out feeling certain that it is "a bunch of crap?"

 

agitating prop's picture
agitating prop
Status: Platinum Member (Offline)
Joined: May 28 2009
Posts: 864
sand_puppy wrote: The
sand_puppy wrote:

The extra-terrestrial "threat"

Something quite unusual happened 2 days ago on December 16, 2017.  Remember that date.

The New York Times, CBS and Politico officially and publicly stated that the Pentagon is taking UFOs seriously and has been for quite some time.  They report a ongoing secret program to analyze unexplainable encounters between flying objects and air force jets.

(No this is not an "illegitimate" conspiracy theory.  It is in the NYT reporting, making it, by definition, a "legitimate" one!)

Steven Greer, Richard Dolan, Catherine Austin Fitts and quite a number of others have talked about the next stage of the oligarchy's efforts to unite the people of Earth under their control.  What we need now is a really scary EXTERNAL THREAT and heroic people to unify the people and lead the fight against those attacking us.

What they keep coming back to is an ET False Flag.

If this idea is totally crazy to you, I suggest that you soften your sense of certainly a bit, and let some curiosity lead you to peruse this topic.  Can you consider a topic, even though you might start out feeling certain that it is "a bunch of crap?"

 

 

Nice catch!  I've been following this one, too.  Interesting timing.  A new enemy is definitely required by the defence department and looks like Trump wants to militarize the moon, too.  And that news just came out 2 weeks ago?  What's that curse?  "May you live in interesting times?" 

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1714
ET false flag

Such a thing would make sense to a sociopath, so I guess we have to take it seriously.  When it happens, this prophesy by Buffalo Springfield will be our international resistance anthem:

For What It Is Worth
Song by Buffalo Springfield
Lyrics
There's something happening here
What it is ain't exactly clear
There's a man with a gun over there
Telling me I got to beware
I think it's time we stop, children, what's that sound
Everybody look what's going down
There's battle lines being drawn
Nobody's right if everybody's wrong
Young people speaking their minds
Getting so much resistance from behind
It's time we stop, hey, what's that sound
Everybody look what's going down
What a field-day for the heat
A thousand people in the street
Singing songs and carrying signs
Mostly say, hooray for our side
It's s time we stop, hey, what's that sound
Everybody look what's going down
Paranoia strikes deep
Into your life it will creep
It starts when you're always afraid
You step out of line, the man come and take you away
We better stop, hey, what's that sound
Everybody look what's going down
Stop, hey, what's that sound
Everybody look what's going down
Stop, now, what's that sound
Everybody look what's going down
Stop, children, what's that sound
Everybody look what's going down
Songwriters: Stephen Stills
For What It Is Worth lyrics © Warner/Chappell Music, Inc

DennisC's picture
DennisC
Status: Gold Member (Offline)
Joined: Mar 19 2011
Posts: 342
Mass. is Going Green

I guess this puts "doobie in space" to shame.  Looks like home gardening is about to get more visibility.

http://www.providencejournal.com/news/20171217/massachusetts-marijuana-a...

Pandabonium's picture
Pandabonium
Status: Bronze Member (Offline)
Joined: Aug 30 2008
Posts: 88
ET False Flag

"Well, there you go again", sand_puppy....

I remember Ronald Reagan using ET about 30 years ago, once at the United Nations.

 

And long before that there was an episode of the TV Show "The Outer Limits" I watched in which a human was surgically altered to appear to be an alien life form - for the same purpose.   The episode title was "The Architects of Fear".   So not a new idea.   I guess it has staying power for a reason.  Perhaps the PTB think we aren't supposed to live and remember so long.   Happy to be a disappointment to them.

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