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Daily Digest 3/15 - March Madness, EIA Stuns Market With Huge Inventory Build

Thursday, March 15, 2018, 8:45 AM

Economy

Elderly in U.S. Are Projected to Outnumber Children for First Time (Adam)

People over 65 years old would outnumber children by 2035, a first in U.S. history, according to updated projections released by the Census Bureau on Tuesday.

Britain boots 23 Russian diplomats over spy poisoning (TS)

May told the House of Commons that 23 Russians diplomats who have been identified as undeclared intelligence officers have a week to leave Britain.

“This will be the single biggest expulsion for over 30 years,” May said, adding that it would “fundamentally degrade Russian intelligence capability in the U.K. for years to come.”

The UK government is manufacturing its nerve agent case for ‘action’ on Russia (Afridev)

The chemical agent was identified by the Defence Science and Technology Laboratory at Porton Down. May referred to the British government’s “knowledge that Russia has previously produced this agent and would still be capable of doing so” as a basis to conclude that Russia’s culpability in the attack “is highly likely.”

ANALYSIS: the factors that make Pompeo, Russiaphobia, oil pipelines, water supply, and Brexit inseparable (DennisC)

Again, it is not my intention to demonise these players as uniquely twisted: they are no better or worse than the monsters around Putin. However, we need to get some perspective here: the civilian FBI was out to get Trump, and the military CIA is now almost certainly controlling Trump….whether he realises it or not. Pompeo’s appointment not only neuters the FBI as a potential force for the Rule of Law in the US: it confirms that what I call “CIA Texas Pentagon” is the real ruling force in the American Republic.

MSM Keeps Running Stories About Space Aliens All Of A Sudden, And It’s Weird (Afridev)

Elizondo’s statements are intriguing; a former official who oversaw actual UFO research at the Pentagon and then resigned to advocate transparency about the program’s findings is just plain interesting no matter which way you slice it. It’s just not the sort of thing you’d normally see covered in depth by CNN, the New York Times, the Washington Post, New York Magazine, USA Today, and Business Insider with headlines like “The US Navy keeps encountering mysterious UFOs — and no one can figure out what they are.”

Shooting Ourselves In The Foot (GE Christenson)

Fractional Reserve Banking: Allowing commercial banks to loan dollars into existence creates rising prices and much mischief. The Treasury will not condone individuals counterfeiting Federal Reserve Notes, but they allow commercial banks to do the equivalent.

Denali Guide: March Madness (DG)

So will the DOW top 26.6K in any reasonable time frame, say before August? Or in the other sectors, will we see copper, energy, cannabis, lithium, cobalt, graphite or energy give us a run? I'd have to say this is rather suspicious, averages running up but NOT topping their all time highs.

EIA Stuns Oil Market With Huge Inventory Build (Michael S.)

The EIA is not helping: in its latest Drilling productivity Report, the authority forecast that shale oil production will hit 6.954 million barrels daily next month, pulling the U.S. total also higher. This was bound to aggravate concern about the OPEC deal and intensify internal tensions in the cartel.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/14/18

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."

11 Comments

saxplayer00o1's picture
saxplayer00o1
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Bigger Than Any Past Bubble: Beware of Soaring Household Assets

Bigger Than Any Past Bubble: Beware of Soaring Household Assets

Bloomberg-18 hours ago
One clear lesson from recent experiences is that excessive debt accumulation can make an asset price reversal more costly. That was true on the corporate side during the tech bubble and on the household side during the housing bubble. In the past eight years, nonfinancial corporate debt has increased $6.5 trillion to ...

Subprime Auto Bonds Caught in Vise of Rising Costs, Bad Loans

Bloomberg-22 hours ago
The demands come as investors have grown weary of a market that's worsening at the same time that the extra interest offered over safer debt has started to shrink to levels last seen before the financial crisis. Delinquencies have steadily increased over the last five years, according to S&P Global Ratings, with losses rising ...

ECB Gets Tougher on Bad Loans Amid Banks' $1 Trillion Pile

Bloomberg-4 hours ago
ECB Gets Tougher on Bad Loans Amid Banks' $1 Trillion Pile ... European Central Bank told banks they'll need to be tougher in dealing with bad loans as euro-zone lenders continue to grapple with soured debts amounting to almost $1 trillion. ... They shouldn't wait until 2021 before dealing with problem debts, she said.

 

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Nafeez Ahmed on the New Nerve Agents and Russia

h/t to Rob Shepler

The UK government is manufacturing its nerve agent case for "action" on Russia.  Official claim that 'Novichok' points solely to Russia discredited.

By Nafeez Ahmed

Summary

The actual history of Novichok shows that out of the countries discussed here, Russia is the only state to have been certified by the OPCW as having destroyed its chemical weapons programme, including its nerve agent capabilities. The OPCW found no evidence to indicate that Russia retains an active Novichok capability. The same is not the case for the US, Britain and Israel.

There is no legitimate reason for the British authorities to rule out that any of these states could have at the very least ‘lost control’ of their nerve agent stockpiles. The fact that the government chose, instead, to shut down all avenues of inquiry other than to claim falsely that the “only possibility” is for all roads to lead to Russia, demonstrates that we are almost certainly in the midst of a concerted state propaganda operation.

It may turn out that Russia did indeed carry out the Novichok attack. But at this time, the British state has no real basis to presume this. Which implies that the state has already decided that it wants to manufacture a path to heightened hostilities with Russia, regardless of the evidence.

 

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Who is behind the push for War with Russia?

A request for information from others.

Who is this?

Time2help's picture
Time2help
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Who?

One guess? The head banksters.

Same as it ever was.

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Boomer41
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Bankers Wars

Sand Puppy,

It's a safe bet that the people behind the push for war with Russia are the same ones who are always behind any war; Wall Street Bankers and the Military Industrial Complex (MIC). Bankers have no loyalty to any nation, greed is their only motive. Even Napoleon Bonaparte knew this. He said:

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
  
Wall Street Bankers and the top management of General Electric, Standard Oil and Ford were all active financiers and supporters of Hitler before and even during WW2. Ford Trucks were manufactured in France for the Wehrmacht during the war. Without the coal-to-gasoline plants built in Germany by Standard Oil of New Jersey, WW2 would not have been possible.
 
Nothing has changed. The Deep State is always engineering the 'next war'. As always, they are aided and abetted by the MSM which they control. Our puppet politicians do nothing because they are bought and paid for by bankers and the MIC. Regardless of the individuals who are presently fomenting unrest with Russia you can be sure that the root cause is the same.
 
Time2help's picture
Time2help
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Re: Bankers Wars

Could the US vs Russia simply be another dialectic ruse, just at a larger scale?

Who owns the central bank in Russia?

Time2help's picture
Time2help
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Pompeo elevation shows neoconservative lock on foreign policy

‘Someone is paying Trump to do it’ — Pompeo elevation shows neoconservative lock on foreign policy (Mondoweiss)

Quote:

As you know by now, Donald Trump yesterday cashiered his secretary of state, of 14 months standing, Rex Tillerson, and named Mike Pompeo, the current director of the CIA, as his nominee to be the nation’s highest diplomat.

Pompeo is a longtime friend of the neoconservatives, while Tillerson is a realist. The nomination is a victory for those who want to destroy the Iran deal; some say the move will kill the deal. Tillerson was for it, Pompeo is against it, and had sought military intervention in Iraq instead of a deal.

So all those who said Trump would have a non-interventionist or isolationist foreign policy are proven wrong by events. Steve Bannon, the big America Firster, is gone, and neoconservatives are in the driver’s seat.

Robin Wright at the New Yorker quotes a proponent of the Iran deal suggesting that Trump is getting paid to break up the deal. “Trump is methodically destroying the moderate camp in his Administration and moving steadily crazy-hard right,” Joseph Cirincione, the president of Ploughshares Fund, an N.G.O. dedicated to containing the spread of nuclear weapons, told me.

“Today’s firing and the crude, insulting way that he did it weakens the traditional conservative camp, the State Department, and American credibility. It’s almost as if someone is paying Trump to do it.”

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Proof that Putin Poisoned Skripal

Totally stolen from Time2Help's facebook page.

saxplayer00o1's picture
saxplayer00o1
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America's debt crisis is coming -- interest payments will hit a

America's debt crisis is coming -- interest payments will hit a trillion ...

CNN-1 hour ago
There are many options to fix the debt, but denial isn't one of them. The toxic rhetoric on both sides has to stop so policymakers can come together in the spirit of compromise to find the right mix of revenue and spending changes to actually fix the problem. Every minute that passes, the decisions become more difficult.

Interest payments on US debt could top $1 trillion
WAAY-12 hours ago

 

Millions of Britons in Severe Debt Face More Pain From BOE Hikes

Bloomberg-11 hours ago
While James was eventually able to clear his liabilities, the prospect of more Bank of England interest-rate increases this year threatens to add pressure on the more than 3 million Britons already in severe debt. At the end of January 2018, unsecured debt in the U.K. was about 208 billion pounds, according to the BOE, the ...

Treasury to Sell $107 Billion in Debt

Wall Street Journal-21 hours ago
The U.S. Treasury Department will auction $107 billion in securities next week, comprising $45 billion in new debt and $62 billion in previously sold debt. Details (all with minimum denominations of $100):. Monday: $51 billion in 13-week bills, a reopening of an issue first sold on June 22, 2017, maturing June 21, 2018.

 

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Re: Proof that Putin Poisoned Skripal

Logically it makes no sense for Russia to take out Skripal using an extemely high profile method. Normally abroad enemies of the state are removed in a very low profile way: Traffic Accident, Boating Accident, Heart attack.

Seems more likely that a Western intelligence org. took out Skripal to further demonize Russia. This is a dangerous game, especially since most of western Europe is dependent on Russia for energy (oil, NatGas). I believe Russia will complete its Pipeline to China and can stop selling energy to Europe and sell it to Asia instead. 

 

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