Daily Digest

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Daily Digest 7/28 - Trump vs. The Fed, We Are Exceeding Earth’s Carrying Capacity

Saturday, July 28, 2018, 9:01 AM

Economy

Ecuador’s president seeks Assange’s exit from London embassy (Sparky1)

Sweden dropped its criminal investigation in 2017, but a warrant issued for Assange's arrest by police in London for breaching the conditions of his bail remains in effect. Assange is concerned that if he leaves the embassy, the U.S. would seek his arrest and extradition over the leaking of classified documents to WikiLeaks.

American Society Would Collapse If It Weren’t for These 8 Myths (Matt H.)

Worldwide, one in 10 people only make $2 a day. Do you know how long it would take one of those people to make the same amount as Jeff Bezos has? 193 million years. (If they only buy single-ply toilet paper.) Put simply, you cannot comprehend the level of inequality in our current world or even just our nation.

So...shouldn’t there be riots in the streets every day? Shouldn’t it all be collapsing? Look outside. The streets aren’t on fire. No one is running naked and screaming (usually). Does it look like everyone’s going to work at gunpoint? No. We’re all choosing to continue on like this.

Trump vs. The Fed: America Sacrificed At The NWO Altar (thc0655)

Globalists do not care about maintaining the U.S. system as it is. They are even willing to undermine it in order to create the chaos needed to generate social and political capital; the kind of capital that will buy them a worldwide economic reset and their so-called “new world order.” Within this construct, the masses would be made to accept open centralization of financial and political control into the hands of a minority of banking elites. That is to say, the globalists no longer want to be covert; they prefer to be overt, and venerated as saviors of humanity rather than despised as an organized cancer.

Martin Armstrong: There is no alternative to the Equity Market (Herman J.)

Erik Townsend and Patrick Ceresna welcome back Martin Armstrong to MacroVoices. Erik and Martin discuss if there is room for the equity bull market to continue. They further discuss the outlook on global bond, U.S. Dollar, and gold. They further discuss the geopolitics in Europe, Russia and China and look at domestic politics in the U.S. going into the mid-term elections.

Of Two Minds: Here's How Systems (and Nations) Fail (Thomas R.)

The same question can be asked of America's broken higher education system: would any sane person choose a system that enriches insiders by indenturing students via massive student loans (i.e. forcing them to become debt serfs)?

Students and their parents certainly wouldn't choose the current broken system, but the lenders reaping billions of dollars in profits would choose to keep it, and so would the under-assistant deans earning a cool $200K+ for "administering" some embedded process that has effectively nothing to do with actual learning.

Walmart To Test Self-Driving Cars For Grocery Pickup Service (Thomas R.)

"Since the pilot is part of our Grocery Pickup program, personal shoppers pick customers' orders and bring them right out to the car ... in this case a Waymo self-driving car," she said.

Waymo said the goal of the program is to "make shopping more convenient," which according to its website represents one of the top needs of its current riders.

Introducing The Snowflake Manifesto (GE Christenson)

Because a “free lunch” is a myth, everyone will pay the costs of expanded government programs, deficit spending, dollar devaluations and out-of-control government expenses. Expect larger deficits, more consumer price inflation and higher prices.

U.S. Economy Surges To A 4.1 Percent Growth Pace In 2nd Quarter (Thomas R.)

"Consumers were really on a tear," said Ian Shepherdson, the chief economist of Pantheon Macroeconomics. Consumer spending, which accounts for nearly 70 percent of economic activity, has been growing at about 2.5 percent, he noted. "So to grow at 4 [percent] probably tells you people were spending the tax cuts that they enjoyed back in January, but that's extremely unlikely to happen again.

The End Of Facebook (Thomas R.)

While Facebook had bad earnings call in the past, it has not experienced a call this bad in its history. The closest was Q3 2016 when the stock dropped 8% on slowing ad load growth and increased spend. That pales in comparison to today’s 20% stock decline in after hours trading. It had dropped as much as 24% today. Based on the earnings call and report, I would not buy Facebook as it has a longer way to fall.

Big Pharma Will Use Your 23andMe DNA Results to Develop New Drugs (Thomas R.)

Customers can opt in or out at any time if they don't wish to participate in the research, 23andMe CEO Anne Wojcicki said in a blog post. (Here's how to do that.) Ideally, the partnership will accelerate the development of pharmaceutical breakthroughs and advance the company's mission of improving healthcare, she said.

Amazon’s hugely profitable quarter pushes it toward a $1 trillion valuation (Thomas R.)

The company also revealed that the recent Prime Day last week was its biggest sale day yet, selling over 100 million products, even though the website crashed at the time the event began. (Prime Day sales aren’t factored into this past quarter’s metrics, and will instead roll over to third quarter of the year.) The company also noted how the event prompted more people to sign up for Prime than any other previous day in the company’s history.

Theresa May says stockpiling food amid Brexit chaos is sensible plan as panic buying fears raised (Thomas R.)

“That concept, what it is, it is about making sure we’ll be able to continue to do the things that are necessary once we’ve left the EU if we leave without a deal.

Health Insurers Are Vacuuming Up Details About You — And It Could Raise Your Rates (Thomas R.)

The companies are tracking your race, education level, TV habits, marital status, net worth. They're collecting what you post on social media, whether you're behind on your bills, what you order online. Then they feed this information into complicated computer algorithms that spit out predictions about how much your health care could cost them.

How The Brain Helps You Sing Or Say What You Mean (Thomas R.)

Scientists already knew, more or less, what parts of the brain are engaged in speech, says Chang, a professor of neurological surgery. What the new research has allowed, he says, is a better understanding of the neural code of pitch and its variations — how information about pitch is represented in the brain.

Oil Price Fundamental Daily Forecast – Prices Supported after Saudi Arabia Suspends Shipments through Red Sea Lane (Thomas R.)

According to reports, Saudi Arabia, the world’s biggest oil exporter, said on Thursday that it was “temporarily halting” all oil shipments through the strategic Red Sea lane of Bab al-Mandeb after an attack on two big oil tankers by Yemen’s Iran-aligned Houthi movement.

Saudi Energy Minister Khalid al-Falih said in a statement that the Houthis had attacked two Saudi Very Large Crude Carriers in the Red Sea on Wednesday morning, one of which sustained minimal damage.

China’s Economic Growth Stimulus Could Boost Oil Demand (Michael S.)

China’s key policies in supporting investment include guaranteeing funds for projects under construction, and promoting the construction of major projects. The investment, which would welcome private equity participation, will be focused on the transportation, oil and gas, and telecommunications sectors, according to the Chinese cabinet meeting’s statement.

Can We Blame This Year’s Record-Breaking Heat Waves on Climate Change? (Lee H.)

The questions are as important as they are difficult. The long-term effects of climate change–such as the rising sea levels that will eventually displace tens of millions of people–are only a part of the story. Climate change also affects humans through an increased frequency of extreme weather: hurricanes, floods, droughts, and heat waves, some of it occurring right now. At least, it’s likely. A growing field of science is starting to emerge to help us understand the precise relationship between the slowly changing global climate and the variable weather we experience daily: extreme event attribution.

Greece wildfires – 74 dead, 150 injured and ‘eight missing’ as apocalyptic wildfires near Athens burn families alive in their cars (Thomas R.)

This comes amid growing speculation that the infernos may be the result of arson, reports local news outlet Ekathimerini.

One of the deadly fires started about 30 miles west of Athens in Kineta, while the other, which broke out Monday from as-yet-undetermined causes, is in Mati which is northeast of the capital near Rafina.

Ted Nordhaus Is Wrong: We Are Exceeding Earth’s Carrying Capacity (Lee H.)

Nordhaus’s argument hinges on dismissing the longstanding biological concept of “carrying capacity” — the number of organisms an environment can support without becoming degraded. “Applied to ecology, the concept [of carrying capacity] is problematic,” Nordhaus writes, arguing in a nutshell that the planet’s ability to support human civilization can be, one presumes, infinitely tweaked through a combination of social and physical engineering.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/27/18

Provided daily by the Peak Prosperity Gold & Silver Group

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saxplayer00o1
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