Daily Digest

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Daily Digest 7/27 - Good News Friday: The Localist Revolution, How To Save Money Every Day

Friday, July 27, 2018, 10:03 AM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

Economy

The Localist Revolution (Gamma Geek)

Localism is truly a revolution. It literally means flipping the power structure. For the past several decades, money, talent and power have flowed to the centers of national power. Politicians tried to ascend to national office as they advanced their careers. Smart young people flocked to national universities, and then to New York and D.C. The federal government assumed greater and greater control of American life.

Judge rules immigrant family separation unconstitutional (sv)

“This ruling could have profound national significance if it paves the way for more humane and constitutionally acceptable treatment of these children, to reunify them with their parents,” Blumenthal said. “I’m excited beyond words that the federal judiciary and our Constitution State are stopping this horrendous and inhumane injustice of separating children from their families,” he said, referring to Connecticut’s nickname.

Philadelphia seeks to cut its prison population in half (sv)

She says the most successful strategy was early bail review, which gave individuals charged with non-violent offenses, being held on bail of $50,000 or less, a chance for pre-trial release.

"There are a lot of individuals who can be safely supervised in the community while they're awaiting trial and do not need to be incarcerated," she says.

12 clever ways to save money every day, according to financial experts (Thomas R.)

Bank of America's recent Better Money Habits Millennial Report found that 73% of millennials (ages 23-37) said their generation overspends on unnecessary indulgences. In addition, 35% of millennials reported not saving enough, while 17% said they spend more than they should.

5 Reasons This Blue Chip Dividend Growth Stock Could Quadruple Your Money Over The Next Decade (Thomas R.)

However, past performance is no guarantee of future results. This is why I'm looking for companies with numerous positive factors (competitive advantages, growth catalysts, top notch management) that will be able to continue to deliver market beating returns over time.

On the Grid: Visualizing Street Network Orientations Across 50 Global Cities (jdargis)

Geoff Boeing, an assistant professor of urban informatics at Northeastern University, recently moved from the more linear Bay Area to a more chaotic Boston. Upon arrival, he created this series of data visualizations to explore how American city grids shape urban legibility in 25 major cities. He explains that in his diagrams “each bar’s direction represents the compass bearings of the streets … length represents the relative frequency of streets with those bearings.”

How to Get America on the Mediterranean Diet (Gamma Geek)

Of course, even the Mediterranean diet can sound like just another trend — especially in our current political moment, when so many are dismissive of anything with a European flavor to it. Recent news doesn’t help, either: This past month a study on the diet, originally published in 2013 in The New England Journal of Medicine, was retracted, revised and republished because of errors in randomization. Some took this as evidence that the diet itself was suspect. But in fact the study, once revised, showed a similarly significant composite reduction in risk for heart attacks, strokes and cardiovascular death.

Diet soda linked to reduced colon cancer death, study says (Thomas R.)

For the assessment, his team examined more than 1,000 colon cancer patients enrolled in a National Cancer Institute-supported clinical trial. Participants completed nutrition questionnaires that asked about their consumption of more than 130 foods and drinks. Scientists then tracked cancer recurrence and patient death rates for about seven years.

This Awesome Periodic Table Tells You How to Actually Use All Those Elements (Thomas R.)

There's thulium for laser eye surgery, cerium for lighter flints, and krypton for flashlights. You've got strontium for fireworks, and xenon for high-intensity lamps inside lighthouses.

Lunar eclipse, Mars & Perseid meteor shower: 3 best summer skywatching events (Thomas R.)

Weather permitting, skywatchers in the Northern Hemisphere will be able to see Mars in the southeast sky anytime after nightfall. The best time to look will be around midnight, when the Red Planet will be visible high in the night sky.

Longest total lunar eclipse of 21st century coming Friday (Thomas R.)

In those areas, the totality of the lunar eclipse -- when the moon will retain its red color -- will last for about an hour and 42 minutes. The entire event -- beginning as the moon passes through the Earth's stratosphere -- will last about six hours and 13 minutes, Petro said.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/26/18

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."

9 Comments

TechGuy's picture
TechGuy
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These American states are

These American states are drowning in ‘irretrievable’ debt

https://www.foxbusiness.com/politics/these-american-states-are-drowning-...

Connecticut may be the richest state in the country, on a per capita basis, but it's racked up a sizable debt worth more than $53 billion – and it could be taxpayers who are forced to bail out the Constitution State, according to the former governor of Indiana.

“Someone’s going to the barbershop,” Mitch Daniels, a Republican, said during an interview with FOX Business’ Stuart Varney on Thursday. “The first will be the taxpayers, already beleaguered in some of these states.”

And Connecticut isn’t the only state struggling with a debt crisis: California, Illinois, New Jersey and New York are unable to make pension payments to retired government workers.

In Illinois, for instance, vendors wait months to be paid by a government that’s $30 billion in debt, and one whose bonds are just one notch above junk bond status, according to Daniels. New York’s more than $356 billion in debt; New Jersey more than $104 billion; and California more than $428 billion.

HappyCamper's picture
HappyCamper
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sand_puppy's picture
sand_puppy
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Social Collapse from Poor Decision Making Systems

Climate Change is Proving Worse than Imagined.  So Why aren't We Confronting Its Root Cause?

Everywhere we look science is affirming that the ecosystems we depend on for survival are breaking down. ...Burning fossil fuels and cutting down forests increase greenhouse gas concentrations, which contributes to both atmospheric warming and ocean acidification.  Large-scale factory farming critically depletes fresh water and topsoil.  Overfishing is crashing the world’s fish stocks.

However, focusing on the immediate causes of global warming and other ecological challenges can obscure a more fundamental driver of industrial civilization’s crisis.   Upon closer examination, it is our society’s decision-making processes that are ultimately speeding us toward collapse.

---

Societies as Decision-Making Systems

In his 2005 book Collapse: How Societies Choose to Fail or to Succeed, geographer Jared Diamond argued that many past civilizations have collapsed due to their inability to make correct decisions in the face of existential threats. Diamond drew on the work of archaeologist Joseph Tainter, who in his 1998 book The Collapse of Complex Societies, argued that civilizations fail due to a constellation of factors.

The core structural factor here is that a small group of rich and powerful people guide social decision making.  They are able to make decisions that benefit themselves, but harm the whole.  This is called oligarchic control.

Oligarchic control compromises a society’s ability to make correct decisions in the face of existential threats. .... societal elites benefit from the system’s dysfunctions, and prevent available solutions.

Diamond (paraphrasing slightly):  The oligarchic decision makers can act to benefit themselves, but harm the whole of society, as long as they are insulated from the damage being done to the whole.

This is the decision making system flaw we face.

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

The article gives numerous examples military and energy policy examples.

Addendum:  In re-reading this post I can also see other factors.  One is overpopulation -- which I understand as being due to the inability of the general population to curtail its powerful reproductive imperative.

saxplayer00o1's picture
saxplayer00o1
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Household debt in UK 'worse than at any time on record'

Household debt in UK 'worse than at any time on record'

The Guardian-21 hours ago
... which was warned last year that Britain's consumer credit bubble of more than £200bn was unsustainable. A dramatic rise in debt-fuelled spending since 2016 ...

Wait. What? Illinois' unfunded pension obligation is >$200 billion, NOT ...

ChicagoNow (blog)-18 hours ago

This hasn't received much attention, but it's big, important news that Illinois' unfunded government pensions amount to at least $200 billion, instead of the

 

sand_puppy's picture
sand_puppy
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And this is the core beef with the FED

The issue is that the FED holds the power to make decisions that affect everyone, but are designed to benefit themselves while harming others.

cmartenson's picture
cmartenson
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That's mine!
sand_puppy wrote:

The issue is that the FED holds the power to make decisions that affect everyone, but are designed to benefit themselves while harming others.

That is exactly my core belief.

The Fed is a self-serving, dogmatic and structurally, congenitally unfair organization that has, maddeningly, convinced itself that it is the exact opposite of all those things.

It is, without question a redistributive organizatiobn.  It does not create welath, it redistributes purchasing power hither and yon, taking from the many to give to the few, and taking from the future to give to the present.

These are vast crimes against society.  

HappyCamper's picture
HappyCamper
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Posts: 36
Plan accordingly

Government will do everything in it's power to sustain itself.

Government never repays it's debt completely.

Government = Controlled order.

When the thin veneer of civilization peels away, chaos always follows.

When the current system begins to exponentially collapse, you can watch your comfort levels gradually disappear.

Large sums of money will only provide a temporary buffer as the middle class becomes broke, hungry, and angry. That's when the gloves come off, and everyone will blame those who are better off than them.

Yes, interesting times. Enjoy that delivery pizza and cold beer. Would not be surprised to see reports of living spaces reinforced with sandbags. That's what they did in Sarajevo.

Signs of the times.

And don't forget to practice "Duck and Cover". Goverments hate to lose.

thc0655's picture
thc0655
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Posts: 1714
I already have the sandbags!

Just waiting for the right moment to start filling them and placing them where needed.  I'm on the same page with the author cited below.  If our currently "warm" Civil War 2.0 ever goes hot it may be quite a paroxysm of breathtaking violence, and it may not be able to be stopped by either side until one side has been completely purged.  It seems "impossible" today to most people, but so did other sudden explosions of violence in history at the time, including our own Civil War 1.0, WWI, WWII, India 1947, Rwanda 1994, etc.  In the piece below the author is talking about the Left-Right divide, but if you take what he's saying and throw the gasoline of economic oppression and economic collapse on that smoldering flame you can imagine an explosion of violence that will be one for the record books.  It's too bad the Left and Right haven't united to rid ourselves of our REAL oppressors hiding in the shadows.  We can always hope, but that's not the same as preparing for what are the most likely things to happen.

http://raconteurreport.blogspot.com/2018/07/what-happens-after-crossing-rubicon.html

No one sane on our side (and everyone isn't, sadly) wants armed open conflict, or is sanguine about it, least of all this author. Having been there first hand, the guy least enthusiastic about jingoistic saber-rattling is the guy riding the landing ship towards the beach. But ultimately, that's a bilateral deal, and the Left isn't even that sane. They don't just want it and fantasize about it frequently and publicly, they brag and gloat about unleashing it. Our side understands that sort of posturing as a precursor to it actually breaking out, because we, unlike they, understand human nature and the behavior of flawed human beings...

 

When you abide by the rules of peaceful exchange of power, as we have in this republic for 229 years, when you lose, you get to go back to your mansion, sulk, and get book deals and speakers' fees, or bide your time for the pendulum to swing. But if you tried to win by going to guns, you're not going back to the villa afterwards, even if you only preened about "bombing the White House", or mock-beheading the President for a cheap laugh. You lot doing that, if you get the war you dream of, are going to get dragged out of your houses by your hair, strung up to a nearby light pole by whatever length of cable is handy, or simply shot in the head, if folks inclined will even waste the bullet...

This won't be Appomattox Court House: once you get the Right out the door with weapons in hand, what follows will see the Democrat Party as the Nazi Party circa 1946. What will happen to survivors and relatives will make Manzanar and even Auschwitz look like summer church camp by comparison. You heard it here first.



What Selco, FerFal, and others who've been there get right is that meltdowns are gradual, and far more brutal that what prepper doom-porno fantasies think they'll be.



What they get wrong is that once you move this body politic to war, the ensuing conflict will do justice to Antietam and Gettysburg, except with the weapons and sensibilities that created Dresden and Hiroshima. This is a nation of over 300M people, with nuclear weapons and a military whose annual budget dwarfs that of the next ten nations, year over year, and 60% of the weapons held in private hands, in the entire world. It is not Spain in the 1930s, or Zimbabwe, former Yugoslavia, Argentina, or Venezuela. Scale your expectations up, good and bad, accordingly.

 

It is in the nature of wildfires to get away from people, and a cultural society-wide civil (it will, in truth, be anything but) war of absolute survival will not stay a well-tended backyard trash fire, but sparks will fly, winds will swirl, and pretty soon, the whole damned forest will be gloriously and fearfully ablaze, and the only thing that controls it then will be what's left to burn, and when a merciful heaven sends a rainstorm.

 

 

HappyCamper's picture
HappyCamper
Status: Bronze Member (Offline)
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Posts: 36
I'm on the same page thc0655

There's a lot of dystopia out there that peddles illusions. Someone with a sword threatening someone with a pistol will have a rude awakening.

And Chris Martenson's interviews with Ferfal sums up some of the perils ahead. 

Venezuela's middle class is in crisis right now. Certainly something to keep an eye on.

Good Luck to everyone.

https://www.biblegateway.com/passage/?search=Proverbs+22%3A3&version=NIV

Proverbs 22:3 

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