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Daily Digest 8/30 - India’s Thirst For Oil Is Outpacing China, The Billion Dollar Homeless Scam

Thursday, August 30, 2018, 12:19 PM

Economy

Inflation is a Policy Decision (Gary C.)

Inflation results from policies implemented by governments, commercial banks and central banks. 

Both debt and M3 have risen exponentially for decades. Inflation is a policy decision that benefits bankers and politicians, so it is not surprising the political and financial elite promote policies that encourage currency devaluations and inflate consumer prices.

What is law enforcement not telling us about their ability to monitor us? (Thomas R.)

The conviction of a computer scientist who searched “insider trading” should concern us all. 

Yesterday the Securities and Exchange Commisison announced that it had reached a $120,000 settlement with, Fei Yan, an MIT postdoctoral researcher who, after receiving insider information on a pair of acquisitions from his wife, was caught insider trading from an international account in part because he literally googled “insider trading with international account” as well as ”how sec detect unusual trade.” The civil settlement with the SEC is yet another punishment for Yan, who is also serving a 15-month prison sentence based on criminal charges for the same trades.

Brazil Sends Military To Border To Cope With Flood Of Fleeing Venezuelans (Thomas R.)

Brazilian President Michel Temer signed a decree Tuesday to send troops to the country's northern state of Roraima, where Venezuelans fleeing food shortages have streamed across the border.

The armed forces will have police powers on the borders and highways in Roraima, the Brazilian government said.

Russia sent a massive naval armada to Syria — and looks to be readying to fight the US (Thomas R.)

Russia has positioned a considerable naval armada in the Mediterranean near Syria after accusing the US of plotting a false-flag chemical-weapons attack in rebel-held areas — and it looks as if it's preparing for war with the US.

A Russian Defense Ministry spokesman, Maj. Gen. Igor Konashenkov, recently said the US had built up its naval forces in the Mediterranean and accused it of "once again preparing major provocations in Syria using poisonous substances to severely destabilize the situation and disrupt the steady dynamics of the ongoing peace process."

Alexa Is Losing Her Edge (Sparky1)

The smart speaker wars aren’t just an industry story. Yes, these firms are vying for slices of a sales pie that could top $23 billion by 2023, according to Strategy Analytics $30 billion by 2024, according to Global Market Insights). But smart speakers, like smartphones, aren’t just about the hardware. They’re about the platform that powers them—in this case, the voice A.I.—and how it shapes users’ behavior.

The Billion Dollar Homeless Scam  (thc0655)

New York City will be spending $2.06 billion on its Department of Homeless Services. There are 61,421 homeless people in the city which is spending $33,539 per homeless person. That’s only a little short of the starting salary of an FDNY firefighter at $39,000.

Energy

India’s Thirst For Oil Is Outpacing China (Michael S.)

In a disclosure that might not necessarily be good news for Indian economic and government planners, energy consultancy Wood Mackenzie said last week that India will pass China as the country with the largest demand for oil by 2024, accounting for about 30 percent of total global oil demand growth.

Sushant Gupta, a research director for energy consultancy Wood Mackenzie said that this would create substantial problems for the country’s refining sector. "This is clearly an uphill task, unless domestic refiners can commit to their planned capacity additions," Gupta said in statements to UPI.

The Bullish Case For Gas In Europe (Michael S.)

European natural gas pricing is amongst the highest seen in recent years, as unseasonably high demand and the long-term ramifications of the pan-European cold snap are priced into the European market.

Environment

The future looks grim after 2 years of devastating B.C. wildfires (Paul D.)

For decades, scientists have predicted that B.C. would experience longer, more intense wildfire seasons as the climate warms. But the destruction of the last two years is still a bit surprising. 

According to Chilliwack fire ecologist Robert Gray, the scale of the wildfire emergencies we've lived through in 2017 and 2018 wasn't expected for decades.  "What we thought was going to be an average condition in 2050, we're starting to see those conditions coming a lot sooner," Gray told CBC.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/29/18

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."

6 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 2016
Intermittent Fasting: my 30 day experience

My step-son, then my wife, took up the practice of intermittent fasting and strongly recommended it.  My step-son has been doing it for about 1 year losing 30 pounds and reaching a stable ideal weight, and my wife for 3 months losing 9 pounds and finding her ideal body weight.  Both have adapted well to the routine and plan to continue it long term.

I would like to recommend this to anyone who wants to lose weight.  It is NOT painless, however.  There are hours in the day where I am hungry and my energy level is low.

I have historically believed that I couldn't endure being hungry and that I had to keep my energy up by eating frequently so that my brain and body would be at full capacity at all times.  (Some of this is due to my work as an ER doctor where an emergency can develop in 2 seconds and I always have to be sharp.)

During the last 31 days, I lost 12.8 pounds.   I am still 30 pounds over my ideal body weight, but experience a big increase in my capacity to hike through rolling hills.  The reduction in abdominal fat makes the movement of the diaphragm less restricted with deep breathing and the lesser total body weight makes hill climbing easier.  I have lengthened my walks as everything is feeling easier.

The way intermittent fasting works is that all food for the day is eaten in a 4 hour window.  For me, 1 pm to 5 pm worked out best. A late lunch and an early dinner, 2 solid meals.  During the rest of the day you fast.  (Though I do cheat by drinking coffee with milk throughout the morning.)

During the evening I am hungry.  There is no getting around being hungry and no way to sugar coat this part of the experience.   But I find that it is tolerable.  I think of my hunger and low energy as "what burning fat feels like," something that I am very very eager to do.   This self-talk keeps a positive frame on the experience.  And I remind myself that "Hunger is not a command."  "I can do this."

robie robinson's picture
robie robinson
Status: Diamond Member (Online)
Joined: Aug 25 2009
Posts: 1212
SP?

I was 242 lbs. 6 mos. ago on a bit over 6’ frame. Diastolic pushing 90 on 10 mg of an ace inhibitor, the thought of adding HCT told me to fast as your clan has and.....I am 218 this am. with a diastolic of 78 this am. Now this is from a guy with genetic renal arterystenosis and an affection for craft beer. The long emergency will in fact increase my life span, assuming it occurs with aplomb. Kelsey and Drew work me but...draft horses are better than tractors at much of their work as familiarity breeds efficiency. Got 4 acres mowed and the fall garden is...

robie,husband,father,farmer,optometrist

lambertad's picture
lambertad
Status: Silver Member (Offline)
Joined: Aug 31 2013
Posts: 181
IF

I have been doing IF for about the past 9 months. I think I was 205 after grad school last August. Started IF in the fall, now I'm down to upper 180s and I feel good. I drink coffee with maybe 2 tbsp grass fed heavy whipping cream in the morning. Then water all day and maybe some black coffee. I eat dinner around 5-6pm, possibly another snack in the evening. I know it's better for insulin sensitivity to eat breakfast and fast throughout the rest of the day, but it just doesn't work for me. I like to eat dinner with my wife in the evenings. I drink about 1 beer per evening because I enjoy it. I don't restrict food much, but we try to do mostly paleo (but we had pizza tonight). I absolutely love IF. Yes, you're going to get hungry, but I actually like it.

 

Would you rather feel like a hungry lion most of the day or a lion that just ate and wants to take a nap? Just my 2 cents. 

Jason Fung turned me onto this. He has a couple of great books I recommend everyone read including the Obesity Code. 

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5925
Intermittent fasting

I've heard about a number of different IF schedules with the most prevalent being 16/8.  That means 16 hours without eating, and 8 with eating.  I am using 12-8 being my eating window.

I just started that one a few days ago, along with calorie restriction (1,500/day)...I'll let you know how it goes.

But I haven't learned or heard much yet about a 19/5 schedule.  Is there data to say it works better?  Does it go along with a calorie restriction or any food avoidances?  I there a cheat day or equivalent baked in there?

I'm super curious. 

Also, finding if I "rebrand" my hunger it works pretty well.  "Hey that's an interesting sensation.  Do I have energy when I feel it or am I ready to take a nap?  I enjoy this sensation."  

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 2016
IF--The Time Limit Is the Calorie Restriction Mechanism

Great to hear you guys are working with IF too and have had real successes. 

I came to understand that the most important prep for me for absolutely any and every future is to be as healthy as possible.  Like Robie, I was recently diagnosed with HTN and also have obstructive sleep apnea, the direct results of chubbiness. 

How would I do in a grid-down environment without an electrical outlet for my BiPAP machine and a pharmacy to dispense Losartan?  

My understanding of the way that IF works with the 4/16 schedule is that the time limitation for eating IS the calorie restriction mechanism.   We eat moderately for 4 hours.  With an occasional piece of chocolate cake, a candy bar or frozen yogurt.

No math.

I do suppose that it might be theoretically possible to injest a full 2400 calories in 4 hours.  But, there is no inclination to do so in my experience.   I eat until comfortably full, then pause, eat again a bit later until the 4 hours are up.  Then stop.

And I have cheated several times when a handful of M&Ms (or two, or three) overwhelmed my long term vision .....  Oh well.   I'm back on track the next morning.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4223
Intermittent fasting / ketogenic diet

I have eaten very close to a "paleo" diet since 2012 and all has gone well with this diet. At my age being able to do wind sprints on what one resident calls "cardio hill", having a 29 inch waist and a resting pulse rate that is frequently in the mid 40s is nothing to complain about.

After getting a little bit out of shape from adding too much fruit to my diet I decided to try the ketogenic diet (keeping all things paleo though) about two months ago just to see what would happen. Not only did the little bit of extra weight fall off, but for the first time in my life I have found myself multiple times going for up to 24 hours without being all that hungry. This is coming from someone who up until then has regularly consumed a 3,000 calorie diet.

A musician that I work with had to regularly have insulin shots. After the keto diet he lost 65 pounds and no longer needs the insulin.

Even better potential here:

LONDON – A 3-month diet comprised of 70% fat improved cognition in Alzheimer’s disease patients better than any anti-amyloid drug that has ever been tested.

In a small pilot study, Alzheimer’s patients who followed the University of Kansas’s ketogenic diet program improved an average of 4 points on one of the most important cognitive assessments in dementia care, the Alzheimer’s Disease Assessment Scale–cognitive domain (ADAS-cog).

https://www.mdedge.com/clinicalneurologynews/article/145220/alzheimers-cognition/fueling-alzheimers-brain-fat

 
 
Much more detail in this link:
Dietary compliant participants had a 4.1-point mean improvement on Alzheimer's Disease Assessment Scale-cognitive subscale scores from baseline to the end of the diet. Alzheimer's Disease Assessment Scale-cognitive subscale improvements diminished after a 1-month diet washout period.
 
 
We used a linear mixed model with pairwise analysis to compare cognitive performance at baseline, month 3, and after the 1-month washout period (Fig. 2). Including all diet compliant participants (n = 10), ADAS-cog scores significantly changed from baseline to month 3 with a mean improvement of 4.1 points (25.5 vs. 21.4, P = .02). Excluding the one protocol noncompliant completer (n = 9), ADAS-cog scores changed from baseline to month 3 with a mean improvement of 5.3 points (26.6 vs. 21.3, P = .001). ADAS-cog scores reverted to baseline following the 1-month washout period.
 
From the data above this guy may be on to something:

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