Daily Digest

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Daily Digest 2/1 - Worries Grow About Bitcoin Price, Are Canadian Oil Prices Set To Rebound?

Thursday, February 1, 2018, 10:47 AM


Freedom, Is it worth it? (Time2Help)

With a few years of hard work you can come to rational conclusions (all of which are not pleasant in the slightest), and with these everything you thought you knew changes. This, in turn, leads you to an odd place where you are almost completely alone. Everything that didn’t make sense before becomes clear and you understand that most everything is a puppet show to keep the peasants entertained and distracted from the true goals that are being quietly put into place. 

Fired employee had previously confused drills (Thatchmo)

Brig. Gen. Moses Kaoiwi, director of joint staff of the Hawaii National Guard, has been appointed interim administrator of HI-EMA, a role that will require him to sort out agency deficiencies pointed out in the state investigation headed by retired Brig. Gen. Bruce Oliveira and move to implement at least some of the 23 recommendations contained in the highly critical 13-page report.

Worries Grow That the Price of Bitcoin Is Being Propped Up (Adam)

In December, Bitfinex was subpoenaed by the Commodity Futures Trading Commission, a United States regulatory agency. The news, first reported by Bloomberg on Tuesday and confirmed by a source familiar with the subpoena but not allowed to publicly discuss an ongoing investigation, led to a sell-off in most virtual currencies. The people behind Bitfinex issue a virtual currency called Tether. Unlike most digitals tokens, every Tether is supposed to be backed by traditional money — the United States dollar. New Tether tokens are issued when investors give them dollars. One dollar is worth one token. Because of the credibility that comes with that tie to the dollar, Tether are often used to buy other virtual currencies like Bitcoin.

The Most Gold You've Ever Seen? (Diane C.)

Have you ever seen this much gold in one place? In this video, Mike Maloney shows the remarkable images coming out of Russia that are evidence of their recent surge in gold reserves. What do they see coming? Is this a subtle challenge to Fort Knox and their ongoing lack of transparency?

Baltimore Cops Carried Toy Guns to Plant on People They Shot, Trial Reveals (DCM)

But the BB gun testimony is particularly disturbing in light of 12-year-old Tamir Rice's death in 2014, the 13-year-old in Baltimore who was shot twice by cops in 2016 after he allegedly sprinted from them with a replica gun in his hand, and the 86 people fatally shot by police in 2015 and 2016 who were spotted carrying toy guns.

Power Politics - The History Of The Present (Jesper A.)

The deeper truth is energy is fundamentally alien to historians, as we enter a new world of power politics. There are two possibilities when the apocalypse comes, or strikes. If you take the gloomy side of the trade, like most environmentalists do, including Richard Heinberg, or if you choose a more balanced view like Joe Scott (cf. Joe Scott, Answers with Joe at Youtube, the one called “the singularity”), the question still remains; what if? Listening to Ray Kurzweil you almost get the impression there will be no air-pockets in our travels ahead. I conclude we are ascertained to have a somewhat bumpy ride.

Are Canadian Oil Prices Set To Rebound? (Josh O.)

Let’s face it, if you’re Amazon you’re smiling ear-to-ear. If you’re a hip boutique, selling high-margin clothing, you may be doing OK. If you’re selling cheap shoes on perpetual sale at the back of an expensive mall, you’re in trouble … and if you don’t have any online presence, you may as well put on a pair of those cheap sneakers and run.

In Reversal, FEMA Says It Won't End Puerto Rico Food And Water Distribution Wednesday (TS)

But perhaps the most surprising reaction came from the government of Puerto Rico itself. In a statement, the island's public security secretary, Hector Pesquera, said that while he was aware that FEMA would eventually transfer responsibility for distributing food and water supplies over to the island's government, "this has not happened yet and we were not informed that supplies would stop arriving."

Gold & Silver

Click to read the PM Daily Market Commentary: 1/31/18

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."


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Debt ceiling deadline likely in early March, CBO warns

Debt ceiling deadline likely in early March, CBO warns

CBS News-21 hours ago
Also, the federal government ran a $23 billion deficit in December, and, CBO says, it usually runs a deficit in the second quarter of the fiscal year. The debt ceiling suspension that Congress raised last fall expired in early December and the Treasury Department has since been relying on extraordinary measures. This adds ...

Subprime Auto Debt Is Booming Even as Defaults Soar

Bloomberg-3 hours ago
That compares to the $1.2 trillion of bonds backed by home loans sold in 2005 and 2006, during the prelude to the credit crisis. About $400 billion of that was subprime for each year. Still, investors shouldn't expect to reap returns on a par with last year. Goldman Sachs strategists said spreads will “move sideways in 2018.

Treasury to Sell $186 Billion in Debt

Wall Street Journal-20 hours ago
The U.S. Treasury Department will auction $186 billion in securities next week, comprising $108 billion in new debt and $78 billion in previously sold debt. Details (all with minimum denominations of $100):. Monday: $48 billion in 13-week bills, a reopening of an issue first sold on Nov. 9, 2017, maturing May 10, 2018.

China Default Angst Flares After Rare Case With Junk Bond

Bloomberg-17 hours ago
The concern is acute in China, where firms have turned to perpetuals to reduce debt on paper given that the securities can be listed as equity on balance sheets. ... A total of 8.8 billion yuan has been called, and only one other issuer ever decided to forgo the option, according to Bloomberg-compiled data. Most of the 1.1 ...

California cities say pension costs are high — and will get even ...

Los Angeles Times-14 hours ago
Citing limited options for raising local taxes, the association representing hundreds of California cities warned that rising public employee pension costs might ... Chiang and fellow Democratic candidate Antonio Villaraigosa have expressed concerns about the cost of establishing a state-sponsored universal healthcare ...

State retirees' health care costs rise sharply

Ventura County Star-9 hours ago
That's a substantial increase from last year's estimate, a result of changes in the way the total debt is calculated and changes in the projected cost of healthcare in the coming decades. Last year's report put the total liability at just under $77 billion. The estimates are a reflection of what the benefits to state government ...


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