Daily Digest

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Daily Digest 8/7 - Why "Rip-Roaring Inflation" Is Inevitable, The Water Wars of Arizona

Tuesday, August 7, 2018, 12:08 PM

Economy

Charles Hugh Smith: Here's Why Rip-Roaring Inflation Is Inevitable (Thomas R.)

We can see how this works by looking at a chart of GDP to debt. As debt has soared (and remember, debt is "new money" that was loaned into existence), GDP has risen at a much lower rate, so the ratio of debt to GDP has skyrocketed.

Bioengineers Are Closer Than Ever To Lab-Grown Lungs (Sparky1)

Nichols calls the milky mass that remains the organ's skeleton: It's made mostly of collagen, which lends the lung strength, and elastin, which makes it flexible. Each scaffold goes into a bioreactor—one of the containers Nichols and her team built from scratch to house each of the proteinous blobs. The earliest models were little more than spruced-up fish tanks; the latest iterations still incorporate parts purchased from Home Depot.

The last time the Dow spent this much time in correction ‘The Godfather’ won best picture (Thomas R.)

By one reckoning, the Dow industrials DJIA, +0.65% stands now about 1.6% short of emerging from correction territory after putting its 2018 low of 23,533.20 on March 23. It needs to close at a level 25,886.42 to achieve that. Some market technicians believe that an asset must put in a new high to officially emerge from correction. Others make the case that a 10% gain from the low point of its decline is sufficient, a characterization that MarketWatch adheres to.

Chilling precedent? InfoWars block exposes Big Tech as no friend of free speech (lambertad)

The First Amendment to the US Constitution says that Congress shall make no law “abridging the freedom of speech, or of the press.” There is no “hate speech” exemption, either. In fact, hate speech is not even a legal category in the US. However, a chorus of voices all too glad Jones was purged immediately chimed up to argue that Apple, Alphabet, Facebook and Spotify are private companies and this does not apply to them.

Tired of waiting, neighbors fill potholes themselves in North Philadelphia (thc0655)

Action News reached out to the city's Streets Department, which referred us to PGW.

Apparently, this street is crumbling around the stretch where a gas main was upgraded six years ago. But officials from PGW say their warranty on road repairs only lasts five years.

23AndMe's Pharma Deals Have Been The Plan All Along (Sparky1)

But some customers were still surprised and angry, unaware of what they had already signed (and spat) away. GSK will receive the same kind of data pharma partners have generally received—summary level statistics that 23andMe scientists gather from analyses on de-identified, aggregate customer information—though it will have four years of exclusive rights to run analyses to discover new drug targets. Supporting this kind of translational work is why some customers signed up in the first place. But it’s clear the days of blind trust in the optimistic altruism of technology companies are coming to a close.

How a Wells Fargo Computer Glitch May Have Sent Hundreds of Homeowners Into Foreclosure (Thomas R.)

Wells Fargo's underwriting tool had miscalculated whether homeowners were eligible for the Home Affordable Modification Program or other government programs designed to help people remain in their homes despite difficulty making payments. Because of the glitch, around 625 Wells Fargo customers either were improperly denied mortgage modifications or were not informed they could qualify to have their loan terms modified.

China’s Empire of Money Is Reshaping Global Trade (Sparky1)

What emerges is a picture of mostly poor nations—laggards during the past half-century of global growth—that jumped at the promise of Chinese-financed projects they hoped would help them catch up. And yet as some high-profile ones falter and the cost of their Chinese funding rises, would-be beneficiaries from Hambantota, Sri Lanka, to Piraeus, Greece, are questioning the long-term price. In Malaysia, one of the biggest recipients of Chinese investment in Southeast Asia, newly installed Prime Minister Mahathir Mohamad is pushing back. Expressing concerns about loan conditions and the use of Chinese labor that limit benefits to the local economy, he’s put billions of dollars of Chinese-­funded rail and pipeline projects on hold.

China’s stock market plunge will not force the country to give up on its trade war with US (Thomas R.)

Safanad's chief investment officer, John Rutledge, argued that Chinese President Xi Jinping doesn't face much political pressure from his country's population. Earlier this year, China's parliament passed a constitutional amendment that removes presidential term limits, enabling Xi to stay in office indefinitely.

How Social Media Is Dumbing Down Our Society (Thomas R.)

Experts who look into such things say that while social networking has its benefits — professionally, personally, politically — it’s also dumbing down the ways people communicate with each other. Having so many channels of communication has overwhelmed our ability to thoughtfully interact online, encouraging cheap and easy forms of communication.

Should America legalize all drugs? This story should give supporters pause. (Thomas R.)

Some of the companies have been sued for illegally promoting other uses for the medications and in one case even bribing doctors to prescribe higher doses.

About 5,000 pages of documents, obtained by researchers at the Johns Hopkins Bloomberg School of Public Health through the Freedom of Information Act and provided to The New York Times, show that the F.D.A. had data showing that so-called off-label prescribing was widespread. But officials did little to intervene.

Florida armed bystander stops gunman at crowded back-to-school event at park, police say (Thomas R.)

“We are extremely grateful that nobody else was injured in this incident,” Deputy Chief Todd Hutchinson said in a statement. “This suspect opened fire at a crowded public park. This could have been so much worse.”

Pediatricians issue new warning about plastic food containers (Thomas R.)

Some of the more than 10,000 additives that are designated "generally recognized as safe," as well as indirect additives like plastic, glues and dyes in packaging, have been linked to serious health issues, including: obesity, limited muscle control and bone strength, and gastrointestinal and nervous system cancers.

Something Strange Is Happening In The Saudi Oil Patch (Thomas R.)

Saudi Arabia has abundant storage capacity and over the last three years, stockpiles have been falling, from more than 300 million barrels to less than 250 million barrels, according to data from JODI quoted by Lee. At the end of April this year, they stood at the lowest level since 2011, but in May they went up for the first time since last November. They may well have continued to rise in the following months as well.

Tesla Short Sellers Take $1.7B Hit (Thomas R.)

Before the release of the company’s better than expected Q2 figures, the year-to-date aggregate performance of Tesla short sellers was a positive US$276 million amid the Model 3 uncertainty and several accidents involving Tesla cars. After the release of the results, short sellers swung into a US$1.4-billion loss for the 12-month period.

Death Valley Records Planet’s Hottest Month, Scientists Warn It May Become Uninhabitable (Thomas R.)

Like the planet overall, rising temperatures in the already scorching Death Valley are linked to climate change driven by human activity, Mann said. But he added there are likely other normal weather fluctuations at play.

“I think it’s fair to say that it’s a combination of both,” he said. “Overall warming means that we see more of these heat extremes and temperature records. But our own work suggests that stalled weather systems caused by a weakening and changing jet stream are probably playing with the unprecedented weather extremes we’re seeing around the world, and our own work suggests that climate change is likely playing a role here as well.”

Mendocino fire explodes in size, now largest wildfire in California history (Thomas R.)

At least 130 structures have been destroyed and more than 9,000 structures are threatened.

The Hiroshima anniversary: 5 things you should know about nuclear weapons today (Thomas R.)

After Hiroshima and Nagasaki, few were so bold or foolish to predict this. Instead, there was widespread fear and dread after the bomb’s surprise unveiling that it would become an instrument for surprise military attacks, a decisive “war winning” weapon, and — the greatest fear — a civilization-ending weapon.

Trump Administration Lifts Ban On GMOs, Bee-Killing Chemicals In Wildlife Refuges (Thomas R.)

“Normal human expansion in our nation will continue to eliminate wildlife habitats that have previously been relied upon for successful wildlife restoration,” the memo states. “Therefore, our professional wildlife managers will need to work more diligently than ever to ensure that those remaining important places have the best available food resources and other important conditions to ensure [wildlife] can persist.”

What a buzz: why we released millions of mozzies in northern Queensland (ezlxq1949)

This technique of sterilising male mosquitoes – known as the Sterile Insect Technique – has been around since the 1950s, but the challenging part has been rearing and sorting the males from the females, then finding ways to release the huge numbers needed to influence the population.

This project was a joint effort between us, Verily and James Cook University. Verily developed the sex-sorting and release technology as part of their global Debug project on mosquito suppression methods.

The Water Wars of Arizona (Sparky1)

A small woman with a tight smile and a bright orange streak in her hair, Lori was immediately unnerved by the sight. Like all homes in the valley, where there are no reservoirs or rivers, the Paups’ house drew its water from a private well drilled into the underlying aquifer. According to the real estate listing, the well reached a depth of more than 300 feet. Lori, who is 51 and a mother of five, reminded herself of this when, a few moments later, the sand appeared to clear and the water again looked normal. Busy with other projects, she scribbled a note to call the previous owners, figuring there was dirt clogged in the kitchen pipes. Soon enough, she forgot about it.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/6/18

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."

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sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1983
Controlling the Discourse Steps Up This Week

Controlling the Discourse Steps Up This Week

This weekend, both Alex Jones and Ron Paul have been banned from public platforms (Twitter, Facebook and Youtube).  I value their presence and ability to speak alternative views.   This is political censorship, masked in the humanitarian frame of “banning hate.”  Both Jones and Paul oppose key elements of the AngloZionist empire’s power:  Jones in his description of 9/11 as a false flag and Paul with his explanation of 1) the Federal Reserve as a tool of the oligarchy and 2) his identification of the neocons as the fire behind the push for wars.

But these public platforms are not actually public.  Each is owned privately.  And the platform owners have the power to shape content according to their own goals.

Such is the danger of a “free public” forum.

The idea is first to confuse, then create a climate of acceptance, and finally do away with every form of liberty that stands in the way of power.

--John Ward

It is my current understanding that the oligarchy controls public conversation using 3 major mechanisms.   These mechanisms pull the strings hardwired into us humans by our own evolutionary biology.

1.   Ownership of the communications platforms.  This allows a small group to set the content and limits of the conversation by including and excluding.  They “guide the day’s conversation” [by offering the public] “borrowed thoughts” each morning in the newspaper (to paraphrase Edward Bernay’s Crystalizing Public Opinion).

2.   Supplying alternate “facts” and interpretations that are clever enough, and widespread enough, that that only a few of the brightest and best informed can detect these deceptions. [ex:  Russia invaded Crimea]  (But these observations of the best and brightest cannot be discussed widely as the communications avenues are controlled, see #1).  The alternative facts are then repeated in the MSM as if “everyone knows” that they are a given.  Readers are moved through uncertainty about what happened (confusion), to self-doubt and into acceptance of the new “facts” without conscious awareness of the bamboozle.

3.   Camouflaging measures to increase oligarchic control as humanitarian.  This enables selling the changes to GREEN Meme thinkers.  (“to protect the children,” “promoting love,” “banning hate,” “defend the rights of women,” to over-throw “monsters who abuse their own people,” “bring democracy,” surveillance cameras which “keep us safe,” defining political violence –but only when directed against the status quo-- as “terrorism.”)  An absolute master of this deception is provided in the writing of Thomas Friedman on the Iraq invasion (links far too numerous to list).

Bombing Iraq to “protect the people” and “defend the rights of women.”

These external control mechanism would not be enough without the inborn characteristics given to us by our evolutionary psychobiology.  Tribal coherence and subservience to parental figures (intergenerational tribal coherence) seem to be fairly universal instinctive human imperatives.  The oligarchy pulls on these strings.

A.  The fear of ostracism.  A terrible loneliness threatens when we believe something regarded by our tribe as crazy.  The comforting tribal belonging sense is ripped from our hearts.  [I believe that this is biologically based as coherent herds have survival advantage.]

B.  The danger to survival from being ostracized gives an intra-psychic pain spike.  To be labeled a despised defective in ancient times endangered one’s life.  A lone animal is easily outnumbered and picked off by predators and does not have assistance when needed such as during an illness.  The herd self-polices, expelling members who are deviants / defectives seeking to maintain a comfortable coherence of a shared viewpoint.  Family and friends, who remain loyal tribal-consensus members, ostracize deviants to keep the tribal viewpoint coherent.  Every one of us (including me) has experienced how hard it is to simply let another person have his or her own different viewpoint without pressing for coherence or pushing them away.

C.  There is a prohibition against doubting or opposing parental figures.  This is a continuation of the need for tribal coherence --but between generations.  In the book Thou Shalt Not Be Aware” Alice Miller discusses the biologic imperative to accept our parent’s goodness and rightness.  Children are hardwired with a prohibition from seeing that their parents are not right or good.   This is the mechanism that causes an abused child to conclude that the abuse is due to his own badness.  (The movie Good Will Hunting gives an example of this, and the redemption possible, as a new and kind-hearted surrogate parent figure, the therapist Robin Williams, leads Matt Damon to understand that he is not bad and the abuse he suffered was not his fault.) 

By extension, “parents” here generalizes to parental figures: our opinion leaders, legitimate authorities, authoritative scientific bodies, leaders in finance, prestigious think tanks, all those who lead our society.  We do not easily accept that they might not be altruistic.

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

In the concluding paragraph of the novel 1984, Winston Smith experiences the relief of returning to the tribal consensus belief system and finding comfortable subservience to parental authority

 

“He gazed up at the enormous face [of Big Brother]. Forty years it had taken him to learn what kind of smile was hidden beneath the dark moustache. O cruel, needless misunderstanding! O stubborn, self-willed exile from the loving breast! Two gin-scented tears trickled down the sides of his nose. But it was all right, everything was all right, the struggle was finished. He had won the victory over himself. He loved Big Brother”

― George Orwell1984

 

The relief from re-joining the consensus viewpoint eases Winston’s conflicted psychobiology.   The rightness of parent (big brother) and peace from coherence with the tribal viewpoint is re-discovered.  

All that he must give up is his own independent thinking.

debu's picture
debu
Status: Silver Member (Offline)
Joined: Aug 17 2009
Posts: 234
Things are getting hinky...

Yesterday I listened to the first part of an interview by Scott Horton of the Libertarian Institute with Peter van Buren on "modern McCarthyism".

Before begining to listen to the rest of it today I saw on ZeroHedge that both Horton and van Buren had been banned by Twitter! It would be funny if it wasn't so dangerous...

Tangentially related is this editorial that appeared in The Onion the other day. Probably unwisely, I sent the link to a friend who was complaining about Trump's criticism of the MSM. I wonder what he will make of it. 

All of my friends are "good thinking liberals", as I was until recently, but politics and geo-politics are now such minefields I mostly now just bite my tongue and smile wanly when certain topics come up. 

 

skipr's picture
skipr
Status: Silver Member (Offline)
Joined: Jan 9 2016
Posts: 156
alternative news sites

I decided to buy some ICO tokens for these upcoming alternative news sites.  I'll probably will not make a profit, but I liked their causes and went with it anyway.  One person involved in each has been interviewed on PP, so I thought it was worth the risk.

https://commodityadnetwork.com  (Steve St. Angelo)

https://www.presscoin.com (Nafeez Ahmed)

 

skipr's picture
skipr
Status: Silver Member (Offline)
Joined: Jan 9 2016
Posts: 156
blackeagle's picture
blackeagle
Status: Silver Member (Offline)
Joined: May 16 2013
Posts: 227
"Public platform"

But these public platforms are not actually public.  Each is owned privately.  And the platform owners have the power to shape content according to their own goals.

Right!

Paul Desmarais, CEO of Power Corporation of Canada, and owner of several news papers, has been accused recently of influencing the published content to favor some political parties over other. His answer? There it is: This is private business and it is my owner's right to select what is published.

Short! Clear! No false interpretation. No need to hide.

 

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4210
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