Daily Digest

Zimbabwe 100 Trillion Dollar Note

Daily Digest 8/25 - What Happens After Hyper Inflation

Saturday, August 25, 2018, 12:00 PM

Economy

Russia Buys Over 800,000 Ounces Of Gold In July After Dumping US Treasuries  (Thomas R.)

Russia under Putin continues to add to its gold reserves and added another 839,000 ounces or 25 metric tonnes in June. Many analysts believe this buying will continue in the coming months given the very serious geopolitical tensions between Russia and the U.S.

BofA's "Emerging Market Crisis" Indicator Was Just Triggered  (Thomas R.)

While the market is distracted by record stock highs, a week-long vacation in Turkey, and a mysterious pre-talks bid in the offshore yuan, the truth is that this Emerging Market crisis has been a long time in the making, and based on the Brazilian Real's collapsed above 4/USD, it has a long way to go.

What Happens After Hyper Inflation (Thomas R.)

In Zimbabwe inlfation went from 32% annually in 1998 to 11,200,000 in August 2008. Hyperinflation hit Zimbabwe. So what happened to Zimbabwe after hyperinflation?

Zimbabwes simply stopped using it's currency. Instead, they started using the US Dollar, British Pound, South African Rand, or whatever else that could be used as currency instead of the Zimbabwe dollar.

Could gold do a bitcoin and hit $10,000 an ounce in 2018? (Thomas R.)

After bitcoin’s spectacular price spike this year, could gold be about to stage a similar grand finale to its bull market that began back in 2000?

Bitcoin also took many years before its final speculative reach-for-the-sky. Indeed, the scramble to buy at the last minute has been reminiscent of gold’s previous price spike back in 1980 after a long run up in prices during the economically unstable 1970s.

More Americans are defaulting on their credit cards: analyst (Thomas R.)

Despite a booming economy, many Americans are having trouble paying credit card bills, industry observers warn.

An increasing number of auto borrowers are also asking for more time to pay.  These trends disturb card industry experts.

Why are we still relying on government to collect data? (Thomas R.)

According to Bloomberg, Powell called upon First Data Corp., a global payment technology company, to find out how much consumers were spending. The problem is that bad weather had affected the public’s buying pattern — or might have.

So, according to this story, Powell went to the source of real-time data — credit card receipts — rather than rely on government guesstimates.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/24/18

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."

13 Comments

KugsCheese's picture
KugsCheese
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'The Real Villians Rigging US Elections' Cannot Access

Bad link config?

DRS78750's picture
DRS78750
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Alternate link for the real villians story

Alternate link for the real villians story:

KugsCheese's picture
KugsCheese
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Racine County must have felt

Racine County must have felt shafted when Bern got shafted so they shaftet Killary.  

Stan Robertson's picture
Stan Robertson
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Slow this a bit

The first of Chris' examples is clear evidence of fraudulent manipulation of machine vote counts, but some of the cumulative vote total graphs may be less damning. I live in a county that has a central city surrounded by an approximately equal population of sprawliing suburbs. Breakdowns of the votes in many years shows distinctly different preferences for the voters in the urban and suburban groups. It  can be pretty extreme for some years and some issues. But it is also the case that the suburban vote is generally slower to be reported, so the cumulative vote total lines can be substantially sloped as the numbers of voters with a particular preference tend to pile up later.

When I was watching the California vote totals for the Clinton-Sanders race, it was reported that Sanders had a slight lead that would require Clinton to get about 90% of about 10,000 votes remaining to be counted. Amazingly, she made it. Guess what I might have concluded.

davefairtex's picture
davefairtex
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good explanatory power

Racine County in a nutshell explains why HRC planned her party, wy she was so devastated, and why she felt as though it was her turn.  That's because she was promised the Presidency.

That's because the fix was in - the same way it was in California vs Bernie - she'd counted the places where her people controlled the voting machines, and she "knew" ahead of time that the vote was going to go her way.  There wasn't any mystery as to the outcome, so why not plan the party?  It wasn't tempting fate, because her side controlled fate.

Right up until - for some reason - it didn't.

And she really couldn't complain about a fixed election becoming un-fixed.  That must have been very frustrating.

The amount of corruption in the US is massive.  It makes sense that the process of vote-counting has been corrupted as well.  Those corporations have paid lots of money to buy off the people in Congress; that's why they want to make sure the ones that are in there already don't lose - so they don't have to go through all the work of corrupting someone new.

 

cmartenson's picture
cmartenson
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Please use data!
Stan Robertson wrote:

The first of Chris' examples is clear evidence of fraudulent manipulation of machine vote counts, but some of the cumulative vote total graphs may be less damning. I live in a county that has a central city surrounded by an approximately equal population of sprawliing suburbs. Breakdowns of the votes in many years shows distinctly different preferences for the voters in the urban and suburban groups. It  can be pretty extreme for some years and some issues. But it is also the case that the suburban vote is generally slower to be reported, so the cumulative vote total lines can be substantially sloped as the numbers of voters with a particular preference tend to pile up later.

When I was watching the California vote totals for the Clinton-Sanders race, it was reported that Sanders had a slight lead that would require Clinton to get about 90% of about 10,000 votes remaining to be counted. Amazingly, she made it. Guess what I might have concluded.

Interesting anecdotes, Stan, but I think there's data out there that could support or refute your hypotheses.  Yes, voting patterns are different in rural vs urban, and demographics need to be taken into account.  

No, the presence of massive vote drift alone does not prove anything but it does raise a big, stinky flag that *should* be investigated.  Neither party and the relevant judiciaries have shown any interest in that inquiry whatsoever and have repeatedly blocked recounts and other attempts at proving or refuting the matter.

But the presence of vote drift has been investigated repeatedly and the data continues ot back up the idea that we have to reject the null hypothesis ("there is no vote fraud happening") and seek another explanation.

Here's an article that did exactly that on the data surrounding the 2012 presidential election:

Let’s look at the results from the 2012 Presidential Election in Ohio, following the same methods used by the other analysts. The data is easily available and links are provided at the end of this post. The methodology is explained a little more in depth in the links in the first paragraph.

After ordering the precincts by size with the largest precincts first, the cumulative vote percentage for President Obama is analyzed.

First, consider the counties that use either the Hart eScan operating system or ES&S iVotronic. This data includes 10 counties and almost 1.5 million votes.

The graph below shows the President’s cumulative vote percentage when precincts are ordered as above, with the x-axis being the total number of votes cast. There are fluctuations initially until there is enough data to establish a trend so the first third of the votes are not included on the graph.

There appears to be no bias based on precinct size. President Obama received about 54% of the vote when only large precincts were counted, and still received about 54% of the vote once the small precincts were included.

Now consider the counties that use Premier Accuvote-TSX or ES&S DS200. This data includes 46 counties and over 3 million votes. The only significant difference between these counties and the earlier counties is the type of voting equipment.

There are demographic differences, but these differences would most likely shift all results one way or the other and shouldn’t affect perceived biases based on precinct size. If large and small precincts vote similarly in the other counties, then the expectation would be that they vote similarly in these counties.

The graph below is the same idea as the graph above, but with the data coming from only these new counties with potentially hackable systems.

Why are these counties different?

The shape of this graph is clearly different. President Obama wins about 48% of the vote when only the million votes from the largest precincts are counted. However, when results from the small precincts are added in his vote total steadily increases to almost 53%.

The undeniable conclusion is that small precincts in some counties are significantly biased towards Democrats while this bias is not present at all in other counties. And the determination of which counties are biased depends on the type of voting equipment used. Do counties with this bias present choose to use a particular type of voting machine? Or is there some other variable that causes the bias and the voting machine choices? Or is it just a coincidence? Or do the voting machines create the bias? The data over millions of votes and thousands of precincts is more than enough to confidently say that the answer to one of these questions is yes.

(Source)

There.  The potential biases of differing county/precinct sizes have been controlled for and the only places where the obvious and significant "drift" occurs are in the places with certain types of easily hackable voting machines. 

Otherwise, the data in the two graphs above comes from the same state, in the same race, with similar sample sizes with the only difference being the type of voting machines used. 

This is why I prefer data to anecdotes.  It provides a useful basis for discussion.

For myself I see enough to say that the null hypothesis needs to be rejected and we need (and deserve!) to have a thorough investigation.

Alternatively, I know that humans have been fudging elections since elections first started and that untraceable, easily hackable machines are just too tempting to resist and so my null hypothesis is that electrion fraud is happening and somebody is going to have to disprove that to me before I change my mind.

Time2help's picture
Time2help
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An interesting Twitter feed…

Twitter feed response to Lockheed Martin's eulogy for the late John McCain.

cmartenson's picture
cmartenson
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My response to Lockheed Martin
Time2help wrote:

Twitter feed response to Lockheed Martin's eulogy for the late John McCain.

This is what I posted in response to LM saying that McCain ensured "that taxpayer interests were properly served." 

saxplayer00o1's picture
saxplayer00o1
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US student debt balloons past $1.5tn

US student debt balloons past $1.5tn

Financial Times-22 hours ago
The overall size of US student debt has grown by $500bn since the 2010-11 ... as many as 40 per cent of borrowers could default on their student loans by 2023.

Corporate debt binge carries 'eerie' resemblance to subprime lending ...

MarketWatch-4 minutes ago
A growing concentration of debt by a thin slice of corporate America has ... “Corporate debt is not yet resulting in a massive credit bubble of the type we see in ...

Italian banks face high-risk choice over domestic debt

Nasdaq-Aug 26, 2018
"Whether domestic financial institutions will continue to act as a steady (and potentially increasing) source of demand for sovereign (debt) ... remains a ...

 

sand_puppy's picture
sand_puppy
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Kind and Loving AI-Driven Search and Destroy Robots

So, sure.  Lots of us saw the video of the Boston Dynamics Robotic Dog, Spot, and heard that they want to manufacture and commercially sell over 1,000 within the year.  We thought Uh oh!  

 

And some of us thought, "someone will attach a weapons platform to these things and release them in packs to hunt down political opposition leaders and burn their homestead to the ground.  I know it.  Just wait."

Negative associations with robotic warrior machines were pretty firmly developed in the public mind.

Of course, Arnnie didn't help this.

But fortunately, a movie has come out to help us feel good about AI-Driven Killer Robotic Dogs!

A.X.L.

In this movie we learn that killer robots are actually all warm and fuzzy inside.    They seem to have an advanced limbic system and the neuroendocrine structures of the posterior pituitary gland which release oxytocin on physical contact.  This allows them to bond with other kind hearted people, like say, teenaged boys who are into motocross and need a supportive friend and ally.  Together, the human-Killer Robot friendship can overcome evil and help the young man achieve his dreams.

Yay for kind-hearted AI-Driven Search and Destroy Killer Robots!!

sand_puppy's picture
sand_puppy
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FBI Director Mueller Confirms Iraq has WMDs

Someone pointed out that previous FBI Director Mueller testified pre-invasion that Iraq had WMDs.

It is good to know where someone is coming from.

(30 second clip)

thc0655's picture
thc0655
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TechGuy's picture
TechGuy
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Posts: 453
Re; Voting

At this point voter fraud is becoming less & less of an issue. Clearly the USA is moving to socialism. The people are broke and want the gov't to take care of them. Of course the reason why they're broke is because of the gov't. 

That said, Time is running out. The Debt is now at ~ 21.5 Trillion. Sometime between 2021 & 2023 every tax dollar will be need just to pay for the interest and entitlements. I don't see how this ends well.

 

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