Daily Digest

Image by Fotos GOVBA, Flickr Creative Commons

Daily Digest 2/13 - Washington Creating Perfect Economic Storm, The Threat of Contagion

Tuesday, February 13, 2018, 10:34 AM

Economy

Trump's $4.4T budget would move U.S. deficits sharply higher (Uncletommy)

The president's budget proposes dramatic cuts to a wide range of domestic agencies from the Departments of Labour and Interior to the Environmental Protection Agency and the National Science Foundation. Unlike last year's submission, the 2019 Trump plan would cut Medicare by $554 billion over the next 10 years, a six per cent reduction from projected spending, including cuts in Medicare payments going to hospitals and rehabilitation centres.

Washington Is Creating a Perfect Economic Storm (Tiffany D.)

Vice President Dick Cheney famously said that the Reagan presidency proved that “deficits don’t matter.”

But he was talking about politics — voters of the day simply didn’t punish the Republicans for running up deficits.

The Threat of Contagion (thc0655)

When the targeted instrument or fund is driven under, credit losses spread to a wider group of fund counterparts who then fall under suspicion themselves. Soon a market-wide liquidity panic emerges in which, “everybody wants his money back.”

This is exactly what happened during the Russia-Long Term Capital Management (LTCM) crisis in 1998. The month of August 1998 was a liquidity crisis involving broad classes of instruments. But, the month of September was systematically aimed at LTCM.

The Brutal Truth About Violence When the SHTF (thc0655)

Fighting of the armies through the whole period of war brings violence in terms of constant shelling from a distance from different kind of weapons.

For example a few multiple rocket launchers (VBR) could bring in 30 seconds the destruction in an area of 3-4 apartment buildings, and being there in that moment and surviving it gives you a completely new view on life.

Government websites have quietly been running cryptocoin mining scripts (blackeagle)

The issue stems from a piece of software called BrowseAloud, which is embedded on all affected sites. BrowseAloud offers accessiblity services, assisting those with literaracy or visual impairments to access government services and information.

There is no suggestion of wrongdoing by the aforementioned sites, nor TextHelp (the owner of BrowseAloud).

Your Facebook data is creepy as hell (Afridev)

Every time you open Facebook, the time, location, IP address, browser & device have been recorded. If you’re part of the 1.4B people that use Facebook on a daily basis, they have enough data points to determine your everyday life patterns with great accuracy: home and work address, daily commute, wake up & bed time, travel duration & destination, etc.

Mexico’s Natural Gas Dilemma (Michael K.)

Currently with no underground sites, gas storage in Mexico will help even the market out — especially during high-demand times — and smooth bottlenecks that needlessly increase prices. Mexico now utilizes three LNG import terminals for short-term balancing, but this pricier supply is a problem for a nation where 50 percent of the people live below the poverty line. Mexico has been the largest buyer of U.S. LNG due to its dearth of pipelines. As seen during Hurricane Harvey, where officials had to force industrials to curtail operations, Mexico remains vulnerable to supply disruptions north of the border.

Trump’s budget proposal is out, and he really wants to kill ARPA-E (jdargis)

Other programs that the Trump administration wants to kill include the Title XVII Innovative Technology Loan Guarantee Program, which provides loan guarantees for clean energy programs; the Advanced Technology Vehicle Manufacturing Loan Program, which admittedly has not provided a new loan since 2011; and the Tribal Energy Loan Guarantee Program (PDF), which works on "tribal energy sufficiency." The administration says all those programs can be managed by the private sector.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/21/18

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."

5 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 1811
Russia seeks to destroy western democracy

US Officials Say Russia is Targeting the Midterm Elections. (ABC News)

Three of the nation's top intelligence officials said Tuesday that the U.S. has seen Russian activity aimed at meddling in the upcoming midterm elections.

"We have seen Russian activity and intentions to have an impact on the next election cycle," CIA Director Mike Pompeo told the Senate intelligence committee.

National Intelligence Director Dan Coats and Adm. Mike Rogers, the head of the National Security Agency, agreed. They didn't describe the activity, other than to say it was related to information warfare.

They told Congress that they would provide more details in a classified session later in the day. The intelligence officials said the information will be shared with state and local governments and state election officials.

Russian interference in the upcoming elections is part of its pursuit of bolder cyber operations and false information campaigns against America and its allies, according to a new intelligence report on global threats.

...

"In the next year, Russian intelligence and security services will continue to probe U.S. and allied critical infrastructures, as well as target the United States, NATO, and allies for insights into U.S. policy," the report said.

"The 2018 U.S. midterm elections are a potential target for Russian influence operations."

"Russians stepped up their game with cyber, in particular, in 2016," Coats said in a telephone interview with The Associated Press.

His expectation: Russian interference in the midterm or in state elections.

Damn Russians!  "Meddling," "influencing," "interfering," false information programs, "stepping up their game," "probing" critical infrastructure for "insight into US policy."

 

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 510
false information campaigns?

Sand-puppy:

Do you think the American voting public really needs Russia's help in this endeavor? If a guy like Trump can get elected and Elon Musk can get government funding to put a colony on Mars and a Tesla in orbit, then anything's possible! Only in America, you say?

Grover's picture
Grover
Status: Platinum Member (Offline)
Joined: Feb 16 2011
Posts: 818
Diebold

One way to defeat any cyber election scandal is with paper ballots. Why the hell don't they figure out this simple answer? Of course, it can't be manipulated by our all-knowing leaders either.

Grover

blackeagle's picture
blackeagle
Status: Silver Member (Offline)
Joined: May 16 2013
Posts: 220
We are with you

Uncle Tommy,

No worries, we are with you according to this. As part of the same species we have to share some common traits. Why are QI's dropping on a worldwide basis.

And democracy has a treacherous problem: Anyone can be elected !!!!. Which means we routinely elect wolves, foxes, rats, cockroaches, sheeps, sometimes angels and, by accident, one or two super heroes. Basic competencies requirements are not in the game. Very convenient for some.

Regards

JM

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 4097
It's not just bitcoin — 'this is the everything bubble'

It's not just bitcoin — 'this is the everything bubble,' analyst Peter ...

CNBC-2 hours ago
"This is the everything bubble generated by seven years of zero interest rates and negative interest rates overseas and massive amounts of money printing. It shows up in the asset price inflation in many different places," he said. Bitcoin prices skyrocketed between Thanksgiving and mid-December — surging to a record ...

Total US household debt soars to record above $13 trillion

CNBC-18 hours ago
Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data. The report said it was fifth consecutive year of annual household debt growth with increases in the mortgage, student, auto and credit card categories.

Five Charts That Explain How European Banks Are Dealing With ...

Bloomberg-10 hours ago
For European banks, it's a headache that just won't go away: the 944 billion euros ($1.17 trillion) of non-performing loans that's weighing down their balance sheets. ... Greece, which has yet to exit its bailout program, tops the list of non-performing loans as a share of total credit, while Italy has the biggest pile of bad debt in ...

Looming debt crisis as interest payments set to rocket over next five ...

Mirror.co.uk-16 hours ago
The combined annual cost of servicing debts for all families in the UK is expected to climb from £56billion to an “eyewatering” £72billion. At the same time, household disposable income will rise from £1.384billion to just £1.595billion – meaning families are predicted to pay out a bigger proportion of their disposable income.

California Cities' Pension Bills May Rise With Calpers Move

Bloomberg-19 hours ago
California cities may see their annual pension costs rise under a new policy from the state's retirement system, threatening to foist added financial pressure on those ... The California Public Employees' Retirement System is advancing a staff recommendation that would shorten the amortization period for new pension ...

 

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