Daily Digest

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Daily Digest 6/14 - America's Most Dangerous Job, Is Your Bitcoin Investment Safe?

Thursday, June 14, 2018, 9:51 AM

Economy

Radical plan to split California into three states earns spot on November ballot (Thomas R.)

If a majority of voters who cast ballots agree, a long and contentious process would begin for three separate states to take the place of California, with one primarily centered around Los Angeles and the other two divvying up the counties to the north and south. Completion of the radical plan — far from certain, given its many hurdles at judicial, state and federal levels — would make history.

The 'Real' America: 21.5% Unemployment, 10% Inflation, And Negative Economic Growth (Alex M.)

Of course it isn’t just the U.S. economy that is troubled either. We are living in the terminal phase of the greatest debt bubble in global history, many nations around the globe are already experiencing a very deep economic downturn, and our planet is literally in the process of dying.

Meet Erik Finman, the teenage bitcoin millionaire (Uncletommy)

However, all is not as it seems with Finman. Far from being a vapid bitcoin bro, he admits his social media presence is a carefully calculated front. “I think being a provocateur is a fun way to get people to pay attention to my ideas,” he tells me over the phone from his current base in San Francisco. “You see the reaction to it, people go crazy. But that helps draw attention to the actual world-changing projects that I want to do.”

Crypto hacks: Is your bitcoin investment safe? (Thomas R.)

That's just the tip of the iceberg, according to Yo Kwon, the CEO of Hosho Group, a Nevada-based company that specializes in securing applications that use blockchain, the technology behind bitcoin and other cryptocurrencies.

U.S. Debt Default Causes and Consequences (Thomas R.)

The U.S. government would not be able to pay salaries or benefits for federal or military personnel and retirees. Social Security, Medicare, and Medicaid benefit payments would stop, as would student loan payments, tax refunds and payments to keep government facilities open. This would be far worse than a government shutdown, which only affects non-essential discretionary programs.

More than a third of American adults take prescription drugs linked to depression, study says (Thomas R.)

“We know polypharmacy is growing, we know it is not always promoting good health and longevity in patients, and we know a lot of drugs have certain adverse effects — and one of them is depression and suicidal symptoms,” Qato said. “As a pharmacist, when a patient comes in and reports depressive symptoms, I just think it's really important to think about what other medications they are on.”

Depression Is a Potential Side Effect of Over 200 Common Prescription Drugs, Scientists Warn (Thomas R.)

But patients and clinicians may be unaware of this link because the drugs may treat conditions unrelated to depression or mental health. Those include some painkillers; blood pressure and heart medication; hormonal birth control pills; proton pump inhibitors; and antacids.

Disturbing Congress Documents Reveal Even MORE Things That Facebook Knows About You (Thomas R.)

And it’s not just recording details about your devices, the company also collects information about where you are as well. It can get location information from your camera and photo metadata unless you specifically ask it not to. It also records the signals received from Bluetooth devices, Wi-Fi hotspots, and cell phone towers. Facebook says this allows them to work out if the user is stationary or moving.

No, White Communities Aren’t Less Safe than Diverse Ones (thc0655)

Males provides just one link to the CDC WONDER database, which most readers wouldn’t bother figuring out how to use. It is difficult to know, then, what Males means by “homicide, gun killings” if this category terms can encompass manslaughter, suicide, killing in self-defense, police-involved killings, accidental death, and murder. By prefacing his analysis with the mention of murder, readers take “homicide, gun killings” to mean murder simply. This may not necessarily be the case.

What’s one of America’s most dangerous jobs? It’s not what you think. (Thomas R.)

"It's very rough out there," Maryland nurse Joanne Ogaitis told a panel of Occupational Safety and Health Administration representatives this year when she testified about the daily verbal assaults and monthly physical assaults she and her colleagues endure.

Musk Delivers 1,000 "Not a Flamethrower" Units: 20,000 Sold at $500 Each (Thomas R.)

The flamethrowers went like, well, flaming hotcakes when they went on sale in late January, selling out in just four days. In all, 20,000 were sold, raising about $10 million in revenue for Musk’s tunnel-boring startup. The devices, technically called “Not a Flamethrower” to skirt federal shipping regulations, shoot a two-foot flame.

Rocks Under I-95 Present Odd, and Scary, Threat to Power Grid (thc0655)

They’re known to scientists as insulators, and when disruptive energy from the sun bounces back up from these rocks, adding that extra bump in the grid can trigger blackouts. In a worst case scenario, it can burn out multiple transformers, potentially causing outages that could take months to repair, according to Space Weather Prediction Center.

Bleak New Figures Show Just How Unaffordable Rent Is In Every U.S. State (Thomas R.)

The hourly wage needed to make a modest two-bedroom apartment affordable is $22.10 – more than three times the minimum wage. Given that the average hourly wage of renters in the U.S. currently stands at $16.88, it’s clear the gap between wages and affordability is stark.

Merk Research U.S. Equity Market Chart Book (Axel M.)

As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own process.

The Permian Faces A Long Term Natural Gas Crisis (Michael S.)

With more pipelines, the flood of oil will continue to expand, which could depress WTI even as the regional gap with Midland is eliminated. “Rising production in the Midwest (PADD 2), the Rockies (PADD 4), and Canada, and new inbound pipelines from the Permian could overwhelm Cushing once again, weakening WTI curve structure,” BofA Merrill Lynch wrote. “In turn, this shift could lead to a wider Brent-WTI spread in 2019 than the $6/bbl we are currently projecting.”

Will we ever colonise an asteroid? (Thomas R.)

As well as radiation, long-term exposure to zero or micro-gravity is detrimental to the human body. “Astronauts on the ISS have to exercise for two hours every day with resistance machines and still end up with health problems from living in zero gravity for such a long time,” says astrophysicist Katie Mack, an assistant professor at North Carolina State University. Any long-term asteroid settlement would need some form of artificial gravity to mitigate this effect – possibly by spinning the entire structure.

'Lost' NASA Tapes Show Humans Sort of Caused Global Warming on the Moon Too (Thomas R.)

Now, after a grueling eight-year search, Nagihara and his colleagues have tracked down and restored more than 400 reels of those lost NASA tapes. In a new study published April 25 in the Journal of Geophysical Research: Planets, the researchers used these tapes to propose a logical (if slightly embarrassing) hypothesis to explain the temperature increase: The astronauts, later nicknamed the "dusty dozen," may have been way too dusty for their own good.

How Do GMOs Impact People and the Environment – and Do They Produce More Food? (Thomas R.)

The biotech industry views GM crops as a benefit to our world because they allow farmers to generate higher crop yields with fewer inputs. Monsanto and its peers have thereby flooded the seed markets with genetically modified soybean, corn, and cotton seeds with two major traits: pesticide expression and herbicide resistance. So what does this mean? Basically, plants now have the ability to survive with harmful bug killers and herbicides with the toxic trait of Bacillus thuringiensis, or Bt. Bt is related to a species of bacteria that causes food poisoning and also the bacterium that causes anthrax.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/13/18

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."

4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4132
Bond king Jeff Gundlach sounds alarm on America's 'exploding' de

Bond king Jeff Gundlach sounds alarm on America's 'exploding' debt

CNNMoney-20 hours ago
Including interest costs and faster growth, the nonpartisan Congressional Budget Office estimates the tax law will add $1.9 trillion to America's debt through 2027 ...

 

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 400
Re:Do GMOs Do They Produce More Food?

About a Month ago I saw study on GMO crops in India on PBS (I think it was PBS news hour). Basically the GMO produce a lot more food "IF" the crops are provided excessive amounts of water. Farmers using GMOs in India ran into serious problems by depleting surface water ponds and ended up salting there fields using ground water that had desolved salts. India farms are now abandoning the GMO crops in favor of the thier heritage crops because the don't need the huge quantities of water and will out produce GMO crops in drought or reduced rainfall seasons. 

 

India’s struggling farmers find seeds of hope in heritage crops

https://www.pbs.org/newshour/show/indias-struggling-farmers-find-seeds-o...

 
 
TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 400
Will we ever colonise an asteroid?

"Will we ever colonise an asteroid?"

Probably not consider the state of the world (demographics, debt, oil depletion). That said it would probably would be worth while to move an asteroid in near earth orbit that is made up of rare metals such as Platinium, Rhodium, etc. An abundant supply of Platinium and other rare metals would be extremely useful to make more energy efficient devices & Appliciances. Platinium is one of the best catalysts. 

I doubt believe it would be astronomically expensive to send a robotic spacecraft that transports a metal astoriod into earth orbit to be dissassmled in orbit and dropped out of orbit to be used on Earth. $5/ounce Platinuim would make a lot of techologies economical (ie fuel cells, better batteries, etc). 

It would be nice if the worlds major industrial powers worked on spending billions in space mining instead of spending about $1T USD on defense. Plus it would probably help  some of the Debt problems and take an edge off resource depletion (at least for metals). No real risk of earth bound mining pollution, but we probably need to be concerned about excessive debris in orbit if we are not careful.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4132
New Jersey might not have enough money to pay the bills this sum

Treasury to Sell $121 Billion in Debt

Wall Street Journal-20 hours ago
The U.S. Treasury Department will auction $121 billion in securities next week, comprising $68 billion in new debt and $53 billion in previously sold debt. Details ...

Bank of Japan stands pat on policy amid low inflation

The Mainichi-10 hours ago
... interest rates -- near zero percent and retain a negative interest rate of minus 0.1 percent on some funds financial institutions keep at the central bank.

New Jersey might not have enough money to pay the bills this summer

NorthJersey.com-3 hours ago
... care, and from payments into the pension system to reimbursements for hospital ... the state is on track for a general fund deficit of $2.4 billion in the fiscal year ...

 

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