Daily Digest

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Daily Digest 3/13 - The 'Darwinian Game Of Trade,' Crypto Crackdown?

Tuesday, March 13, 2018, 10:36 AM

Economy

Pennsylvania's Closely Watched 18th Congressional District Special Election Is Tuesday. Here's What You Need to Know (TS)

Saccone, an Air Force veteran, has said he was “Trump before Trump was Trump.” But the conservative is no political outsider. He has served in the state legislature since 2011 and served as a diplomatic representative in North Korea under President George W. Bush. The Republican is a strong supporter of President Donald Trump, who stumped for him last weekend. Vice President Mike Pence has also campaigned for him in the state.

There Is No "Free Trade" - There Is Only The 'Darwinian Game Of Trade' (Don R.)

The bureaucratic means of restricting imports have been raised to an art in Japan and other export-dependent nations: there may not be any visible tariffs, just bureaucratic sinkholes that tie up imports in red tape.

Then there's currency manipulation, for example, China's peg to the US dollar. What's the "free market" price of Chinese goods in the US? Nobody knows because the peg protects China from its own currency being too strong or too weak to benefit its export-dependent economy.

Trump fires Tillerson: president swings axe after series of policy clashes (tmn)

Tillerson’s dismissal was immediate. State officials said they did not know if he would clear his office or send someone to do it for him. Officials said Tillerson had shown every intention of staying and had a full programme of commitments. Tillerson had recently predicted he would stay in office for all of 2018 at least.

At 9.15am, Trump left the White House for California, to see prototypes for his border wall. Pausing by the Marine One helicopter, he told reporters he had been “talking about this for a long time”.

NASA study reveals 7 percent of astronaut's genes changed after year in space (Adam)

NASA clarifies in the report 93 percent of Scott Kelly's genes returned to normal after he came home, but that the missing 7 percent points "to possible longer-term changes in genes related to his immune system, DNA repair, bone formation networks, hypoxia, and hypercapnia."

The space agency reports that Scott Kelly's telomeres became longer while he was in space. Telomeres are chromosomes that shorten as a person ages, so that's why that change is such a noteworthy finding.

Solari Annual Wrap Up: The State of Our Pension Funds (pinecarr)

The underfunding of pension funds in the United States is a symptom of that drag. It is not a self-contained crisis.

We are told that we can fix the pension funds by saving more – such as by increasing the contributions from beneficiaries and/or taxpayers. As portrayed in our graphic for the cover of this 2017 Annual Wrap Up, this is the equivalent of trying to fill a milk bucket by milking more cows when the problem is that there is a hole in the bucket. Why put more milk in the bucket until the hole is fixed or the farmer gets a new bucket?

ICTA wins another one for coin buyers (Adam)

Collectors and bullion buyers often don’t care about politics. They just do business in states where they are not whacked when they make their purchases.

Crypto Crackdown? - Bitcoin Can't Be Regulated (Diane C.)

In this interview, Mike Maloney discusses how Wall Street and the financial sector are trying to gain control of cryptocurrencies and siphon away profits. Fortunately, the way cryptos are engineered - they can't!

Silver Purchasing Power (yogmonster)

Houses are a wasting commodity. We must maintain houses or else their value plummets. Regardless, nominal house prices rise because the dollar devalues. In terms of silver, house prices have been relatively flat for thirty years, excluding the obvious bubble in house prices in 2003 - 2007.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/12/18

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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Mike Pompeo, Fascist Extraordinaire, To be Sec State

It is Impossible to Overstate How Terrible Mike Pompeo Is

Michael Kreiger

What’s most unique about Mike Pompeo isn’t the fact he’s a terrible human being, it’s the fact he’s so transparent and shameless about it. This became crystal clear last April when I read the transcript of a speech he gave at UAE-funded think tank, the Center for Strategic and International Studies (CSIS).

First, he falsely characterized Wikileaks as a hostile non-state intelligence agency (despite lauding it during the election), and then used this false categorization to launch an attack on the First Amendment.

"...Julian Assange has no First Amendment privileges. He is not a U.S. citizen. What I was speaking to is an understanding that these are not reporters doing good work to try to keep the American Government on us. These are actively recruiting agents to steal American secrets with the sole intent of destroying the American way of life.

"That is fundamentally different than a First Amendment activity as I understand them. This is what I was getting to. We have had administrations before that have been too squeamish about going after these people, after some concept of this right to publish."

Greenwald on Pompeo's words

Pompeo’s remarks deserve far greater scrutiny than this. To begin with, the notion that WikiLeaks has no free press rights because Assange is a foreigner is both wrong and dangerous. When I worked at the Guardian, my editors were all non-Americans. Would it therefore have been constitutionally permissible for the U.S. Government to shut down that paper and imprison its editors on the ground that they enjoy no constitutional protections? Obviously not. Moreover, what rational person would possibly be comfortable with having this determination – who is and is not a “real journalist” – made by the CIA?

... 

So how could Mike Pompeo – fresh off embracing and honoring Saudi tyrants, standing in a building funded by the world’s most repressive regimes, headed by an agency that for decades supported despots and death squads – possibly maintain a straight face as he accuses others of “making common cause with dictators”? How does this oozing, glaring, obvious act of projection not immediately trigger fits of scornful laughter from U.S. journalists and policy makers

The reason is because this is a central and long-standing propaganda tactic of the U.S. Government, aided by a media that largely ignores it. They predicate their foreign policy and projection of power on hugging, supporting and propping up the world’s worst tyrants, all while heralding themselves as defenders of freedom and democracy and castigating their enemies as the real supporters of dictators.

From Pompeo's Bio

The conservative Pompeo became known for his hawkish stances on national security, including his opposition to the Iran nuclear accord and support of surveillance programs.

He has called for the "roll back" of the 2015 nuclear deal with Iran.

---------------

Next, the Assistant Director of the CIA, Gina Haspel was named the Director of the CIA. 

If you like waterboarding and torture and want to have more of that in your life, then you will love Ms. Haspel.

Haspel’s legacy is marked by her time in charge of one of the CIA’s most controversial programs to boot ― the torture of terror suspects in the early fight against al Qaeda.

Working as a clandestine officer in Thailand in 2002, Haspel reportedly was involved in the interrogations of two suspects, Abu Zubaydah and Abd al-Rahim al-Nashiri, several news outlets reported last year. The methods used against the men included waterboarding Abu Zubaydah 83 times in one month, to the point where doctors once had to revive him, and ramming his head into walls. He lost sight in one eye.

The torture sessions were videotaped, and Haspel also allegedly played a part in the tapes’ destruction in 2005. The CIA has disputed this, saying the decision fell to Haspel’s boss at the time, Jose Rodriguez.

CIA agents tortured terror suspects in black sites across the globe until former President Barack Obama ended the practice via executive order in 2009.

And recall, that

1. the label of "terrorist" is simply a rhetorical mechanism to justify violence against political enemies.

2. Al Qaada, as an organization, is a creation of the western intelligence agencies to collectively refer to "pissed off Arabs." "Al Qaada" is another rhetorical device.

3. Institutional violence against "terrorists" and "Al Qaada" is a practice to set the world on fire with rage, fear and violence and to create a reign of terror domestically with surveillance, unrestrained police violence and torture, and the crushing of dissent.

 

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Connecticut Won't Default on Pension Bonds, Budget Director Says

Connecticut Won't Default on Pension Bonds, Budget Director Says

Bloomberg-20 hours ago
Connecticut Treasurer Denise Nappier warned that Malloy's proposal to stretch out payments on the teachers' pension's unfunded liability beyond 2032 to sidestep a potential $5 billion payment increase would trigger a technical default. Municipal Market Analytics, an independent research firm, said last week that such a ...

 

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