Daily Digest

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Daily Digest 5/19 - Disadvantages Of The Roth IRA, Inside the Massive U.S. 'Border Zone'

Saturday, May 19, 2018, 11:00 AM

Economy

As D.I.Y. Gene Editing Gains Popularity, ‘Someone Is Going to Get Hurt’ (Sparky1)

Earlier this year, at Body Hacking Con in Austin, Tex., a biotech executive injected himself with what he hoped would be a herpes treatment. (Verdict: No.) His company already had live-streamed a man injecting himself with a home-brewed treatment for H.I.V. (His viral load increased.)

Aided By Palantir, The LAPD Uses Predictive Policing To Monitor Specific People And Neighborhoods (blackeagle, Sparky1)

Officers and analysts who work on Operation LASER, or Los Angeles Strategic Extraction and Restoration, are tasked with maintaining an ongoing list of community residents to monitor, by creating “Chronic Offender Bulletins” for so-called persons of interest. Each of the 16 department divisions that currently use the program is required to maintain a minimum of a dozen of these “bulletins,” which are intended to help officers “identify the most active violent chronic offenders” in a given geographical area.

Assange BETRAYED: Ecuador Negotiates With UK to Hand Him Over (yogmonster)

All people who support accountability of corrupt governments and corporations can appreciate the service Wikileaks provides to the entire world. Julian Assange has been the leader of that organization since he founded it in 2006. Unfortunately our hero might be in for some trouble.

Information Clearinghouse: I am Julian Assange (yogmonster)

Julian is not wanted because he’s a spy, or even because he published a number of documents whose publication was inconvenient for certain people. He is wanted because he is so damn smart, which makes him very good and terribly effective at what he does. He’s on a most wanted list not for what he’s already published, but for what he might yet publish in the future.

U.S. Births Hit Lowest Number Since 1987 (Thomas R.)

American women are having children at the lowest rate on record, with the number of babies born in the U.S. last year dropping to a 30-year low, federal figures released Thursday showed.

Men in their 30s hit by impotence epidemic as half suffer from erectile dysfunction (Thomas R.)

“In an age when many people are happy to share intimate details of their lives on social media, it is a huge cause for concern that men today do not feel confident enough to discuss openly their struggles with impotence.”

Sprott Money News Ask the Expert May 2018 – James Grant (Herman J.)

James Grant of Grant’s Interest Rate Observer fields questions concerning the current rally in the US dollar, Fed policy, the bond market and the future of gold prices.

Disadvantages Of The Roth IRA: Not All Is What It Seems (Thomas R.)

Of course if the choice is between NOT SAVING and saving via a Roth IRA for your future, then the answer is that one should open up a Roth IRA rather than piss their money away on stupid stuff that depreciates in value. However, do know that you are still pissing money away by giving more of your money to the government. And if the choice is between choosing a traditional IRA over a Roth IRA, choosing the traditional IRA is hands down the way to go.

'Come and take it,' Kent State grad says while posing with AR-10 rifle (Thomas R.)

Kent State prohibits the possession, storage or use of a "deadly weapon" - which includes firearms - by students, faculty and staff, according to its policy on the Kent State website. But visitors may openly carry a gun on campus since it's considered public state property.

Inside the Massive U.S. 'Border Zone' (blackeagle)

That’s striking because the border zone is home to 65.3 percent of the entire U.S. population, and around 75 percent of the U.S. Hispanic population, according to a CityLab analysis based on data from location intelligence company ESRI. This zone, which hugs the entire edge of the United States and runs 100 air miles inside, includes some of the densest cities—New York, Philadelphia, and Chicago. It also includes all of Michigan and Florida, and half of Ohio and Pennsylvania, according to a prior rough analysis by Will Lowe, a data scientist at MIT.

The Shale Oil Ponzi Scheme Explained: How Lousy Shale Economics Will Pull Down The U.S. Economy (yogmonster)

I am quite surprised how bank analysts and brokerage firms can continue to fund the shale oil and gas or advise clients to purchase stock when the industry is behaving just like the Bernie Madoff Ponzi Scheme. The only big difference is that the U.S. Shale Industry is a Ponzi at least four times greater than Madoff’s $65 billion fiasco.

How To Mitigate The Risk Of Peak Oil Demand (Michael S.)

If/when peak demand hits, the global oil & gas markets will change fundamentally. Not because oil and gas demand would disappear overnight – that is not a realistic assumption considering the multitude of uses of the two commodities. But peak demand would result in another major supply glut, especially as shale technology is opening up new opportunities for production, putting downward pressure on oil prices.

LATEST: Air quality in parts of Puna poor amid ongoing eruptions, vegetation on fire (Thomas R.)

The first eruptions that happened in the lower Puna subdivisions were spitting out older lava from a 1955 flow. The lava was sticky, pasty and slower.

But on Friday, geologists said tests confirmed lava erupting in the area now is from the summit, which means it's fresher and hotter.

Death of the Birds and the Bees Across America (yogmonster)

If governments in the EU, USA and other countries fail to impose a total ban on certain chemical insecticides, not only could bees become a thing of the past. The human species could face staggering new challenges merely to survive. The immediate threat comes from the widespread proliferation of commercial insecticides containing the highly-toxic chemical with the improbable name, neonicotinoids. Neonicotinoids are a group of insecticides chemically similar to nicotine. They act on the central nervous system of insects. But also on bees and small song birds. Recent evidence suggests they could also affect human brain development in newborn.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/17/18

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."

1 Comment

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 400
IRA's

In my opinion, IRAs in the US are a bad deal:

1. Most people end up withdrawing money from their IRA, either for an emergency, training\college degree, or down payment on home or vehicle before they reach 59. In this case they end up paying a 10% penalty and lose more money than if they avoided an IRA.

2. Its likely that the gov't will change the laws. I am sure just about every politician has eyes on getting their hands on people's retirment savings. When there is another crisis and the gov't needs money, they will collect it from retirement savings. After all, they already do it with Social Secuirty. There is no law preventing them from changing the current laws and rules on retirment savings. Back in 2009 during the crisis they almost tapped private retirement accounts, but proposing to force plans to start buying US federal debt. 

IRA's & other retirement savings plans were an OK investment for the older Boomers, but they no longer make sense for people that aren't going to be retiring soon. With $21T in US debt, and about $150T in unfunded federal, state, local liabilities. its unlikely that the US dollar, it tax code, or it laws will remain stable.

 

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