Daily Digest

Image by frankdouwes, Flickr Creative Commons

Daily Digest 6/18 - The Grizzlies Are Coming, Where Does Disaster Strike Again and Again?

Monday, June 18, 2018, 11:05 AM

Economy

4 Things Futurist Alvin Toffler Predicted About Work Back in 1970 (Thomas R.)

One of the driving themes of Toffler's work was that knowledge would become the driving force behind powerful societies--more so even than labor or materials. Toffler wrote that those people, institutions, and civilizations that failed to keep up with the pace of new information would quickly face decline. He predicted the spread of free-flowing information via personal computers and the internet, and brought the term "information overload" into the popular lexicon, a reference to the difficulty people have understanding issues and making decisions because of the overwhelming amounts of data available.

Do You Feel Like You’re Being Positioned For What May Come? (Thomas R.)

The later is where my gut tells me I’m being positioned. Being ready for potentially extraordinary SHTF. While I sincerely hope that it never happens, I do feel driven towards the possibility. Is that weird?

The Places in the U.S. Where Disaster Strikes Again and Again (thc0655)

Christina DeConcini, the director of government affairs at the World Resources Institute, said that federal programs do not adequately emphasize adapting to the risks posed by climate change. She said that instead of just being responsive, the government should stress building for resilience against disasters.

It’s All Too Much, and We Still Have to Care (Jen H.)

Jeff Sessions tells a horrified Hugh Hewitt that this forced separation policy is purely instrumental because we must “send a message” to future asylum-seekers that “if people don’t want to be separated from their children, they should not bring them with them. We’ve got to get this message out.” As Jessica Winter observes, this is the “I only beat her because she made me do it” logic that domestic abusers use to blame their victims.

Here We Go Again: Our Double-Bubble Economy (Thomas R.)

The other problem with bubbles is that we've become dependent on them as props holding up a rotten, corrupt status quo. Since the economy can no longer generate sufficient prosperity to go around via actual increases in productivity and efficiency, those skimming most of the gains rely on "the wealth effect" generated by expanding asset bubbles to create a dreamy illusion of prosperity.

Texas Bullion Depository Open for Business; Sets the Stage to Challenge Federal Government’s Monopoly on Money (Thomas R.)

The facility will not only provide a secure place for individuals, business, cities, counties, government agencies and even other countries to store gold and other precious metals, the law also creates a mechanism to facilitate the everyday use of gold and silver in transactions. In short, a person will eventually be able to deposit gold or silver – and pay other people through electronic means or checks – in sound money.

FI Update: Tottering Pillars (James W.)

The fiasco at the annual G7 summit of the major Western nations was a key moment when a horrified European political and security establishment woke up to this strategic reality. The imposition of tariffs against China by the Americans is just one sign that President Trump is deadly serious about ending the liberal globalised economic order using the leverage of American military, economic and monetary (dollar) power. Anybody who followed the Trump campaign closely, listened to his speeches or reads his tweets should not be surprised by these developments.

On Donald Trump's "Madness" & A New Gold Standard (Will H.)

A question in the back of my mind: Is Mr. Trump's "madness" really leading to the Gold Standard? Is that what he really wants? Because if he continues to undermine the present US Dollar as the World's Reserve Currency, by making it impossible for CBs to obtain Dollars through the US Trade Deficit, that would appear to be the likely final outcome.

Demolition Crew Strikes Gold In France, Uncovers 600 Historic Gold Coins Worth Over $100K (Thomas R.)

Right now, the gold coins, which could be worth just over $100,000 are with the French police, the regional Ouest-France newspaper reported.

Head of Bat'isol construction crew, Laurent Le Bihan, told AFP that the original owner of the house was a coin collector, so the discovery was not shocking to the current owner.

Silver To Climb 11% In Next Three Months - German-Based Research Firm (Thomas R.)

"Usually a perfect contrarian setup is found when commercial hedgers hold less than 10,000 short contracts in the silver futures market. With the current 35,297 short contracts, a final sell off in silver is still possible in the coming weeks," he said.

Here Is The Stunning Reason Why Treasury Yields Blew Out In April (Thomas R.)

It was Vladimir Putin that decided to puke the most US Treasuries out of Russia ever, liquidating half, or $47.4 billion, of its US Treasuries in one month, to its lowest holdings since March 2008!

Rise of the machines: has technology evolved beyond our control? (Sparky1)

Instead of a utopian future in which technological advancement casts a dazzling, emancipatory light on the world, we seem to be entering a new dark age characterised by ever more bizarre and unforeseen events. The Enlightenment ideal of distributing more information ever more widely has not led us to greater understanding and growing peace, but instead seems to be fostering social divisions, distrust, conspiracy theories and post-factual politics. To understand what is happening, it’s necessary to understand how our technologies have come to be, and how we have come to place so much faith in them.

The View From Olympus: The Big One (Thomas R.)

For the U.S. military, which at present requires enormous financial inputs for not much output — we should be able to buy failures for less than a trillion dollars a year — everything will change. The vast armies of contractors and DoD civilians will have to go. Expensive procurement programs will be terminated. Force structure will shrink — and the bureaucracy will seek to save itself by cutting what few actual fighters we have. So enormous has that bureaucracy become that we could find ourselves with a “military” that has hundreds of thousands of people but no combat forces whatsoever. If you think that can’t happen, take a look at Europe’s militaries today, including the Bundeswehr.

Overconfident Students, Dubious Employers (Thomas R.)

The biggest divide was around students’ professionalism and work ethic. Almost 90 percent of seniors thought they were competent in that area, but only about 43 percent of the employers agreed.

OPEC Back “In the Driver’s Seat” (Michael S.)

Libyan export terminals knocked offline. Libya’s two largest oil export terminals suffered disruptions this week due to clashes between rival groups. The outages at the Es Sider and Ras Lanuf terminals disrupted some 240,000 bpd of supply, Libya’s National Oil Corp. said on Thursday. The two facilities account for 40 percent of Libya’s oil exports. If the losses are sustained for any lengthy period of time, it will put more pressure on the OPEC+ group to increase output at its meeting on June 22.

Can You Retire Comfortably If You Only Work a Part-Time Job? (Thomas R.)

However, part-time employment has downsides when it comes to retirement. While full-time workers can receive enticing perks like retirement plans and health insurance, gig workers and others with part-time hours may be solely responsible for their own savings and benefits. That can make it difficult to prepare for the retirement lifestyle you want.

5 Signs You Will Never Retire (Thomas R.)

Mortgage debt also makes it more difficult to retire because those monthly payments contribute to a higher cost of living in retirement. Paying off a mortgage is often a major factor in determining whether you can stop working. Joseph Carbone, a certified financial planner for Focus Planning Group in Bayport, New York, says some clients are able to retire with a mortgage because they have a carefully crafted retirement plan that affords them enough monthly cash to cover their payments and their living expenses, but not everyone can afford to make mortgage payments using their retirement income.

Unbearable damage: Foresters look to protect trees from black bears (Thomas R.)

The bears love to peel bark off the trees to munch the newly formed sapwood beneath. If they scrape it all off, it kills the tree, taking away the xylem and phloem in the cambium of the tree, which would otherwise allow water to move from the roots up the tree stem, said Ron Durham, land resource supervisor at the Idaho Department of Lands office at Priest Lake.

The Grizzlies Are Coming (Thomas R.)

Biologists and their maps agree: The bears are coming to southwestern Montana. Since 1975, when this icon of the American West was listed as an endangered species, grizzlies in the ­Yellowstone National Park eco­system to the south have more than quadrupled their range and population. Well to the north, grizzlies in the Glacier National Park region also are spreading out.

The 8 Best Survival Food Companies to Buy in 2018 (Thomas R.)

The Ready Store has won numerous awards for the best food storage company, both for its great products and excellent customer service. Started by a Utah couple just after 9/11, The Ready Store has grown into one of the best food storage companies in the country.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/15/18

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."

20 Comments

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2852
Bundeswehr report on Peak Oil (2012)

German Armed Forces Peak Oil Study from 2012 (EnergySkeptic).

Quote:

"Psychological barriers cause indisputable facts to be blanked out and lead to almost instinctively refusal to look into this difficult subject in detail. Peak oil, however, is unavoidable. This study shows the existence of a very serious risk that a global transformation of economic and social structures, triggered by a long-term shortage of important raw materials, will not take place without frictions regarding security policy. The disintegration of complex economic systems and their interdependent infrastructures has immediate and in some cases profound effects on many areas of life, particularly in industrialized countries."

 

 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2852
Re: Bundeswehr report on Peak Oil (Edit: 2010)

Here's a link to the original presentation (English version) from 2010.

Quote:

2.1. Oil as a Determining Factor of Globalisation

Today approximately 90% of all industrially manufactured products depend on the availability of oil.

Oil is not only the source material for producing fuels and lubricants but is also used as hydrocarbon for most organic polymers (plastic materials). It is therefore one of the most important raw materials in the production of many different products such as pharmaceuticals, dyes and textiles.

As the source material for various types of fuels, oil is a basic prerequisite for the transportation of large quantities of goods over long distances. Alongside information technology, container ships, trucks and aircraft form the backbone of globalisation.

International division of labour, to which many countries owe their wealth, would not be possible without today’s volume of cost-efficient goods transport. Oil-based mobility also significantly influences our lifestyle, both regionally and locally. For example, living in suburbs several kilometres away from their workplace would be impossible for many people without a car. To a certain extent, the classical suburb thus also owes its existence to oil.

Currently, approximately 87 million barrels of oil are consumed worldwide every day – one barrel having a capacity of 159 litres. Per day, this corresponds to approx. 12 million tonnes or 60 oil tankers (very large crude carriers with a volume of 200,000 tonnes) or a cube with an edge length of about 240 metres. Approximately half of the oil recovered globally is processed into fuels for vehicles, aircraft and ships, roughly 10% of it is used for the chemical industry.

In Germany, approximately 100 million tonnes of oil are consumed per year. This corresponds to more than one tonne per inhabitant, approximately 500 oil tankers, or a cube with an edge length of approximately 480 metres. In Germany’s transport sector approximately 50 million tonnes of petrol and diesel are consumed per year. A considerable increase in the oil price would pose a systemic risk because the availability of relatively affordable oil is crucial for the functioning of large parts of the economic and social systems.

For some subsystems, such as worldwide goods shipping or individual transportation, the importance of oil is obvious. Overall, however, it is difficult to overlook the entire range of possible challenges that could arise from an exceeded peak oil scenario."

Yoxa's picture
Yoxa
Status: Gold Member (Offline)
Joined: Dec 21 2011
Posts: 299
Burning oil
Quote:

 also used as hydrocarbon for most organic polymers (plastic materials).

Considering how many useful things can be created from petroleum, burning it is an amazingly stupid thing to be doing as a species. That's even before thinking about climate change.

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 746
it's all too much and we still have to care

the article is heartbreaking and underestimates the problem

I am having technical difficulties and cannot pull out the quote from the article I wanted. I think it important to respond to the author's remark that we are numb and helpless. This issue is gaining traction and people ARE responding loudly and it is gaining momentum.

Writing to congressmen, supporting those who are intervening directly and just talking about it to make people aware does more as the issue moves forward. Her point is well taken but there is still much people can do to help these children if they choose to take action now. These children are being taken at increasing rates (Drudge estimates possibly up to 250 a day:
https://www.washingtonexaminer.com/news/us-could-be-holding-30-000-borde...
possibly 30,000 by August.

These kids are vulnerable to predation, neglect and trauma of separation and this is a very ugly campaign.

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 435
Re: Border Security

Do you care enough to personally pay for all their needs: food, Shelter, education, medical care for the forseeable future. Bottom line is that the US cannot take in the billion of people that live in poverty and would love to immigrate to the USA. Most of the illegals, end up on wealthfare and are a burden to tax payers. 

Realistically these people should be helped in their own countries. As long as the cycle remains nothng will get fixed. Any efforts by the West should focus on fixing the problems that is causing these people to flee. 

That said, the US is dead broke, With $21T (on the books) & about $100T (off the books -unfunded liabilitities) we aren't much better off than the third world in the not so distant future. We cannot even provide for our own, as there is close to 750K homeless Americans. Do we just continue to accept more refugees and ignore our own homeless population?

if I recall correctly the US legally accepts close to a million immigrants every year. So it is not as if we have shut our borders. Everyone has limits.

Question: If roles were reversed, Do you think any of these nations would accept our poor americans & provide them with: shelter, food, education, & medical services? FWIW: If a US citizen wish to immigrate to Brazil, they need to bring with them $150K USD. I believe for americans to immigrate to Austrilia then need to bring at least $500K. 

 

 

thc0655's picture
thc0655
Status: Diamond Member (Online)
Joined: Apr 27 2010
Posts: 1651
The lifeboats are filling up fast. Conflict is inevitable.

Due to declines in the Three E's (energy, environment, economy) survival is becoming more and more difficult everywhere, and in some places it's becoming closer and closer to impossible. What few lifeboats exist are filling fast and conflict for those last few seats is inevitable.  The conflict over lifeboat seats starts out polite but soon moves to violent.  This is what we're seeing at the US southern border.  Have you ever participated in one of those "lifeboat ethics" exercises?  How are we going to choose who is allowed in our various lifeboats? Will we simply do what our emotions tell us to do, or will we use our rational minds to come up with some logical conclusions and policies?  Who is going to decide?  Isn't it possible that allowing too many in will sink our own lifeboats?  

The only way I have been able to understand this issue of separating illegal immigrant children from their illegal immigrant parents (or guardians in many cases), is that some people firmly believe with considerable emotional fury that the US should not have any limits whatsoever on how many people and their characteristics enter our country/lifeboat.  Anywhere inside our country, if you bring your kids along when you commit a crime and you are apprehended by law enforcement committing that crime, you are going to be separated from your children while you are processed through the system.  (For instance, if you steal some new jeans from the big box store and get arrested, your children are going to be taken from you, at least temporarily).  The only alternatives would be to have a policy whereby people who commit crimes with their children present cannot be arrested for the crimes, OR people who commit crimes with their children present will keep their children with them as they are processed (which means putting the children in some scary adult jail and prison situations).  Does that make sense?  Not to me.  And so far entering the US without the legal right to do so IS still a crime, so the system separates these voluntary criminals from the children they have with them when they commit the crime.  And from what I've seen, children taken into custody in those situations are treated much, much better in the aggregate than millions of children have to live with who already live here in the US legally.

And by all means, let's write some letters to politicians and attend protests. Let's make "the government" pay for and accept all would-be immigrants and with money printed up out of thin air.  Let's make the government make the lifeboat bigger and more luxuriously appointed, by the stroke of the government pen:

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 435
Re:Can You Retire Comfortably If You Only Work a Part-Time Job?

FWIW: I don't think I will be able to retire comfortably while working full time with a $100K+ salary:

1. No SS or pension available. SS will dust before I reach retirement age. 

2. Medical insurance is going through the roof: with an average annual increase of 28% per year. If it  continue to increase at the same rate over the next 10 years, my medical insurance premiums will be about $100K per year.

3. Peak Oil will definately occur before I reach retirement age.

4. The Debt bubble will have popped before I reach retirement age.

Bottom line: Unless you;re retireed now, or going to retire in the next few years, its not going to happen.

ezlxq1949's picture
ezlxq1949
Status: Silver Member (Offline)
Joined: Apr 29 2009
Posts: 249
Budget cuts: Defence (Offence) the last to go

I suspect that as the military budget is pruned, the brass hats and red tabs will be the last to go. There's a wonderful line in Yes Minister, or was it Yes Prime Minister (look it up in Wikipedia or IMDb) which says it all.

The PM, Jim Hacker, and the head of the Civil Service, Sir Humphrey Appleby, are discussing budget cuts:

Sir H: What would happen to the British Navy, for example?
H: We still need a navy.
Sir H: We have only four capital ships, so we'd only need four Admirals and one Admiral of the Fleet.
H: How many Admirals have we got?
Sir H: Sixty.

And that was true in the 1980s!

ezlxq1949's picture
ezlxq1949
Status: Silver Member (Offline)
Joined: Apr 29 2009
Posts: 249
Border Insecurity

From the outside I think the US is amazing in how it seems to accept most of the huge number of illegal immigrants who arrive every year.

Australia by contrast is actively keeping undocumented refugees OUT, slowly murdering those who have gotten near enough to us by locking them up and letting them rot in offshore detention.

It helps that Oz has no land borders with anyone. To get here requires a difficult sea crossing and then landing in a part of the country where one won't die of hunger and thirst. The people smugglers don't care.

It's heinous and shameful and has too much public support, and yet sadly is a likely preview of how most nations will behave towards the future tides of refugees washing around the world.

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 601
And for those that can't leave . . .

https://vimeo.com/226707526

HappyCamper's picture
HappyCamper
Status: Bronze Member (Offline)
Joined: Apr 16 2018
Posts: 30
Border Security

Pat Buchanan's book State of Emergency from 2004 documented that the second largest population of Mexican National's reside in Los Angeles California. The largest population reside in Mexico City Mexico. The border security issue has become unfixable. The question is who will take American refugees fleeing the USA when everything collapses ?
Also, what should aging baby boomers fear most ?
Eroded borders that allow foreigners in without hindrance, or the American Youth inheriting this country, that think baby boomers are the problem ?
Yes, these are interesting times.

AKGrannyWGrit's picture
AKGrannyWGrit
Status: Gold Member (Offline)
Joined: Feb 6 2011
Posts: 476
Where is the proof?

“And from what I've seen, children taken into custody in those situations are treated much, much better in the aggregate than millions of children have to live with who already live here in the US legally.”

There is such a huge lack of transparency in our media I would like for independent journalists to cover the story.  If FEMA, detention camps,/concentration camps are not open for review and inspection I personally have no doubt that abuse is rampant. Our history of incarcerating Japanese citizens in WWII and Alaska Natives, which resulted in the deaths of many was shameful.   But I agree there are a lot of children who live in this country in shameful conditions.  Where are our independent journalists?  Transparency is a joke.

AKGrannyWGrit

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 601
Houston, we have a problem!

Highlights from UN's recent report;

http://www.unhcr.org/figures-at-a-glance.html

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 601
duplicate

duplicate

davefairtex's picture
davefairtex
Status: Diamond Member (Offline)
Joined: Sep 3 2008
Posts: 5526
do it for the children

Tom-

I had the same thought as you did - if parents take their kids on a robbery, and they're arrested, 1) kids will be taken away from the parents, and 2) nobody blames the police for this.  Instead, they blame the parents for taking the kids along in their illegal activity.

At this point, whenever I see pictures of crying babies used in an attempt affect policy, I assume there is a set of powerful interests who would stand to gain from the sympathy that the crying babies summons forth.

Like, in this case, the desire to retain the policy of unlimited immigration benefits two groups: new voters for the Democrats, and cheap workers for the industries that benefit from lower labor costs.

That's why the politically correct term is "undocumented immigrants", vs "illegal aliens."  Its as though the unfortunate person just forgot to fill out the right form at the border crossing.

Having lived in a forieign country, let me tell you, if you "forget to fill out the right form", they will throw your ass in prison, and then they will deport you.  But how many Americans have had this experience of having to comply with another nation's immigration rules?  The sense is: you are there as a guest.  You had best behave, or there will be a problem.

thc0655's picture
thc0655
Status: Diamond Member (Online)
Joined: Apr 27 2010
Posts: 1651
Majority blame the illegal parents for the separations

http://dailycaller.com/2018/06/21/rasmussen-parents-to-blame-border-crisis/

According to a new Rasmussen poll, a majority of Americans blame illegal immigrant parents for the child crisis on the border over the U.S. government.

The media has put a hyper focus on the separation of families at the border over the last several weeks, leading President Donald Trump to sign an executive order ending the separation. Current U.S. law does not allow families to be detained together if the parents are referred for prosecution for illegal border crossing.

However, the Rasmussen poll shows that Americans don’t blame the Trump administration for the approximately 2,000 children who have been separated from their parents.

54 percent of likely voters polled by Rasmussen said that they think the parents are more to blame for breaking the law.

Only 35 percent said the government is more to blame for the crisis.

Further, 54 percent of voting Americans agree with President Trump’s assertion that “The United States will not be a migrant camp. And it will not be a refugee-holding facility — it won’t be.”

The survey of 1000 likely voters was conducted on June 19-20.

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 746
Trump's Family Separation Scandal Has Revealed Every Species of.

...hypocrite. (not referring to you Tom)

from Jesse's newsfeed:

"The controversy over Trump's policy illustrates another ugly subtext to immigration as a political issue. The reality is that many – if not most – Americans have long been comfortable with all sorts of cruelties, so long as they don't have to look at them."

https://www.rollingstone.com/politics/features/trump-family-separation-s...

The parents, the Mexican government, and the US all now have a responsibility to these kids.  Would it have been better to have this public discussion BEFORE the plan was implemented?  At least we are willing to look at this particular "cruelty" and maybe that habit will generalize to others.  I guess there are no easy answers on this one at this point now that so much has been done on all sides.

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 746
meanwhile back at the ranch (DC)

Laurie Garrett, a famous public health writer, seems to think the White House is reorganizing the federal government with a new plan coming out this week:

https://www.whitehouse.gov/wp-content/uploads/2018/06/Government-Reform-...

Her twitter details all of the reorganization and centralization of services and branches in a way that I cannot begin to describe. So maybe this was the real reason diversions were needed?

https://twitter.com/Laurie_Garrett/status/1010209343558602752

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 325
You are correct Vegan

It is a massive privatization/deregulation scheme delivered courtesy of the Koch brothers and the Heritage Foundation under the guise of less government.The rough draft was released a few weeks ago with some tweaks added.Who will be hurt?Consumers,the middle,working,poor and the environment.

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 601
Be careful where you jog, Dave.

And to think I worried about stepping in some dog-doo. There seem to be worse places to plant your feet!

http://www.cbc.ca/news/canada/british-columbia/jogger-who-accidentally-crossed-u-s-border-from-b-c-detained-for-2-weeks-1.4717060

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