Daily Digest

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Daily Digest 2/11 - U.S. Admits ‘Unipolar Moment’ Is Over, What War With NK Would Look Like

Sunday, February 11, 2018, 11:45 AM

Economy

CONFIRMED: US admits ‘unipolar moment’ is over (Time2Help)

Russia has demonstrated its willingness to use force to alter the map of Europe and impose its will on its neighbors, backed by implicit and explicit nuclear first-use threats. Russia is in violation of its international legal and political commitments that directly affect the security of others, including the 1987 Intermediate-Range Nuclear Forces (INF) Treaty, the 2002 Open Skies Treaty, and the 1991 Presidential Nuclear Initiatives. Its occupation of Crimea and direct support for Russia-led forces in Eastern Ukraine violate its commitment to respect the territorial integrity of Ukraine that they made in the 1994 Budapest Memorandum.

Here’s what war with North Korea would look like (blackeagle)

I covered the Iraq War from Baghdad. I saw the aftermath of a conflict built atop sunny scenarios and rosy thinking. I’ve seen the cost of wars that the American people were not prepared for and did not fully understand. The rhetoric around North Korea is raising those same alarm bells for me. For all the talk of nuclear exchanges and giant buttons, there has been little realistic discussion of what a war on the Korean Peninsula might mean, how it could escalate, what commitments would be required, and what sacrifices would be demanded.

Mad Max violence stalks Venezuela's lawless roads (thc0655)

Across Venezuela, there were some 162 lootings in January, including 42 robberies of trucks, according to the consultancy Oswaldo Ramirez Consultores (ORC), which tracks road safety for companies. That compared to eight lootings, including one truck robbery, in the same month of last year.

“The hunger and despair are far worse than people realize, what we are seeing on the roads is just another manifestation of that. We’ve also been seeing people stealing and butchering animals in fields, attacking shops and blocking roads to protest their lack of food. It’s become extremely serious,” said ORC director Oswaldo Ramirez.

The State Of The Union: Markets (GE Christenson)

We live with the inevitability of death, and the predations of taxes and politics. Stock markets rise as the dollar inevitably devalues, and as investors become optimistic (higher P/E ratios). Stock prices fall when investors lose faith in the narrative that things are good, central banks are in control, this time is different… whatever. P/E ratios fall as investors lose confidence or earnings weaken.

Get Into This Incredible Bull Market Now (Tiffany D.)

When you look at interest rates, they’re still low. When you consider how strong business conditions are, inflation is still tame. Globally, every major economy in the world is growing.

Business conditions worldwide haven’t been so good in decades.

Scientists warn of unusually cold Sun: Will we face another ice age? (thc0655)

However, predicting a solar minimum or maximum is a challenge to scientists because of the non-linear characteristic of solar activities that happens every day. During a minimum cycle, though solar cycles still occur, the intensity is very low, while during a maximum cycle, solar flares go up and sun spews out billion-ton clouds of electrified gas into space. These two extremes can bring about some major global and regional climate changes.

Party On, Dudes (thc0655)

The discovery of new oil had been heading down remorselessly for decades, to the point that the world was fatally short of replacing the oil it used every year with new supply. The last significant big fields — Alaska, the North Sea, and Siberia — had been discovered in the 1960s and we knew for sure that the first two were well past their peaks in the early 2000s. By 2005, most of the theoretically producible new oil was in places that were difficult and ultra-expensive to drill in: deep water, for instance, where you need a giant platform costing hundreds of millions of dollars, not to mention armies of highly skilled (highly paid) technicians, plus helicopters to service the rigs. The financial risk (for instance, of drilling a “dry hole”) was matched by the environmental risk of a blowout, which is exactly what happened to BP’s 2010 Deepwater Horizon platform in the Gulf of Mexico, with clean-up costs estimated at $61 billion.

Compost tea makes soil more active (Uncletommy)

Once applied, the soil organisms from their homemade inoculant habitat increase root exudates caused by the highly diverse rotation, which kicks into high gear nutrient cycling in their fields.

Manure for their compost is sourced from their neighbour’s feedlot, which helps to reduce the cost associated with his manure bill come corral cleaning time.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/9/18

Provided daily by the Peak Prosperity Gold & Silver Group

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