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Daily Digest 10/11 - GW Report Falls Short Of Honest Truth, Alexa, Should We Trust You?

Thursday, October 11, 2018, 9:43 AM

Economy

The World Is Quietly Decoupling From The U.S. - And No One Is Paying Attention (thc0655)

China has even instituted its own petroyuan market, and the first shipments of oil from the Middle East to China paid for through a petroyuan contract occurred in August of this year. Mainstream economists like to point out the small portion of the global oil market that the petroyuan represents, but they seem to have missed the bigger picture entirely. The issue is, now an alternative to the petrodollar exists where none existed before. And this is the crux of the matter that needs to be examined: The trend towards alternatives, and all alternatives leading to centralization by global banks.

Chretien calls U.S. president 'unspeakable' (Uncletommy)

Prime Minister Justin Trudeau — aware that it doesn't take much to set off the mercurial president, who is not above threatening to wreak economic "ruination" on Canada — has always been very guarded in speaking about Trump. But Chretien, now 84 and still active as a lawyer with Dentons, is not so constrained.

In an interview about his new book, Chretien elaborated on his view that the American empire is on the decline.

Alexa, Should We Trust You? (Sparky1)

We’re all falling for Alexa, unless we’re falling for Google Assistant, or Siri, or some other genie in a smart speaker. When I say “smart,” I mean the speakers possess artificial intelligence, can conduct basic conversations, and are hooked up to the internet, which allows them to look stuff up and do things for you. And when I say “all,” I know some readers will think, Speak for yourself! Friends my age—we’re the last of the Baby Boomers—tell me they have no desire to talk to a computer or have a computer talk to them. Cynics of every age suspect their virtual assistants of eavesdropping, and not without reason.

The Distortions of Doom Part 2: The Fatal Flaws of Reserve Currencies (thc0655)

Many observers don't seem to grasp that demand for reserve currencies extend beyond payments. Many of those heralding the demise of the USD as a reserve currency note the rise of alternative payment platforms as evidence of the USD's impending collapse.

But it's not so simple.

UK Issues First Ever 'Unexplained Wealth Order' (Thomas R.)

In this case, Hajiyeva, 55, must explain how she paid for the two aforementioned properties, per CNN, which include a home in London and golf course estate in Berkshire. If she's unable to do that, she risks having the assets seized. In 2009, the according to the BBC, a company in the British Virgin Islands, ultimately traced to Hajiyeva and her husband, bought the London property. Another company linked to them bought the golf estate in 2013. Hajiyeva is living in the UK under a visa program for wealthy investors.

Sears is in trouble: What shoppers should do if the company files for bankruptcy (Thomas R.)

"When retailers close stores, they are likely to have some sales. You have to be careful though. Yes, some items are going to be deeply discounted, but it is also likely they will be marked 'no return,' " Hutt said.

There may not be a store to return to.

Wells Fargo customers are fed up. They could yank billions of dollars in deposits (Sparky1)

Cg42 found that a growing number of Wells Fargo customers are fed up with the nation's third-largest lender. Their top complaint is that their bank was engaged in "dishonest, unethical or illegal practices." Others bemoaned that Wells Fargo is trying to sell them products they don't want or need.

There's no doubt that the frustrations are a direct result of the nightmare that began two years ago at Wells Fargo, according to Steve Beck, managing partner at cg42.

This $69B Deal May Reshape Health Care as We Know It (Thomas R.)

The deal between CVS and America's third-largest health insurance company has the potential to reshape health care as we know it, reports the Washington Post: The mammoth acquisition would marry a company that controls some 9,800 drugstores and 1,100 walk-in clinics with an insurer covering around 22 million people. CVS could emerge as a place to go "for more than just flu shots and treatment of minor illnesses," per the Post, while also strengthening its hand when negotiating with pharmaceutical companies.

Elderly Chinese Army Veterans Stage Massive Protest Against Police Beatings (thc0655)

Protests by army veterans may become a major problem for Communist Party leader Xi Jinping, who likes to present himself as a friend of the military and mixes strong nationalist appeals into his political messaging. A mass protest in June saw over a thousand retired soldiers occupying a public plaza in the city of Zhenjiang for four days, deeply embarrassing the regime and alienating Chinese citizens when police broke up the demonstration using much less violence than they employed in Pingdu.

South Africa’s Zulu Nation Joins White Farmers To Protest Government Land Seizures (thc0655)

“The Zulu nation I’m talking about will not exist if we don’t have food. That’s why I say farmers must come closer so that we discuss what we can do when we talk about agriculture and the availability of enough food in the land. That’s why I’m asking AfriForum of the Boers to come and help us,” Zwelithini said, as quoted by eNews Channel Africa. “Because when government started talking about the appropriation of land, expropriation without compensation, Boers downed tools. There is no food in South Africa,” he added.

The Pentagon’s Push to Program Soldiers’ Brains (Sparky1)

He explained, “With all of this knowledge, what we’re trying to do is build new medical devices, new implantable chips for the body that can be encoded or programmed with all of these different aspects. Now, you may be wondering, what are we going to do with those chips? Well, the first recipients of these kinds of technologies will be the paralyzed. It would make me so happy by the end of my career if I could help get somebody out of their wheelchair.”

Trump Insiders Ramp Up Rhetoric Against Russian Energy (Michael S.)

Kudlow’s comments, however, may be a bit short sighted, or at least premature, amid a growing Saudi-Russian oil production alliance. This alliance (which also includes OPEC and other non-OPEC producers, the so-called OPEC+) has effectively taken control of global oil markets, something that the Saudis gave up by default in late 2014 when it decided to open the spigots on oil production to both drive U.S. shale oil producers out of business as well as protect market share.

Dyer: Global warming report falls short of honest truth (Paul D.)

If you don’t go into the feedbacks, you can’t talk about runaway warming, and going to four, five or six degrees C higher average global temperature, and hundreds of millions or billions of deaths. And if you don’t acknowledge that, you will not treat this as the emergency it is.

Climate change is making monster hurricanes like Michael harder to forecast (Paul D.)

As climatologist and hurricane expert Greg Holland explained last year, “globally, the proportion of Cat 4 and 5 hurricanes has increased from ~20 percent of all hurricanes to around 40 percent due to climate change over the past 60 years.”

Yellowstone geyser erupts, vomiting decades worth of trash across park (Paul D.)

Other items include a cement block, pop cans, pull tops, cigarette butts, a Pyrex funnel with tubing, plastic cups, Kodak yellow foil packaging, several pieces of glass, a pen, a plastic spoon, and a lot of coins, the USGS said.

How Feedback Loops Are Driving Runaway Climate Change (Paul D.)

“Thus, one feedback mechanism, such as sea ice melting, can trigger another, such as methane releases, which then accelerates the first in a tightening spiral,” he explained. “In reality, there are many critical feedback mechanisms and the interlocking effects between them means that the climate is far more unstable and irreversible than we are led to believe, and the climate’s change is likely to follow a super exponential progression once the temperature rises above a certain level.”

Trump Administration Waives Environmental Laws for Texas Border Wall (edelinski)

The waiver, which is to take effect Wednesday, allows the U.S. Department of Homeland Security to waive bedrock environmental and public-health laws in 11 different areas totaling 6.6 miles. Some of these segments are adjacent to the Lower Rio Grande National Wildlife Refuge and other nature preserves. Other segments run through agricultural lands and communities.

The Amazon used to be a hedge against climate change. Those days may be over. (Paul D.)

"Nobre and his colleague, Thomas Lovejoy, of George Mason University, have determined that the combined effects of deforestation, fires, hotter, drier temperatures and increased CO2 in the atmosphere are pushing the Amazon system to the brink. He says if deforestation continues at its current pace, more than half of the Amazon could begin to die off, releasing massive new amounts of carbon into the atmosphere.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/10/18

Provided daily by the Peak Prosperity Gold & Silver Group

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5 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1983
Demoltion videos

I tried a new tack with a good friend and neighbor who is a mechanical engineer.  He previously rejected the idea that the 3 WTC buildings were demolished by explosives basically declining to look at it as it was "too crazy" to consider.

I asked him to watch a non-political, non-conspiratorial video that is a compilation of the "best demolitions of the year" on youtube and asked him to become familiar with the characteristics of explosive demolition.

 (especially the first one, 0 to 15 seconds)
 
Basic characteristic list.
  1.  No other visible cause of collapse.  (no flooding, mud slide, lava flow, earth quake).
  2.  Instantaneous onset.  (building is stable and motionless, then it is suddenly falling).
  3.  Flashes and booms proceed.
  4. The entirety of the building is (usually) destroyed.
  5.  Squibs--bursts of ejected debris show where each explosion happened.  Squibs are the visible markers of explosive detonations and show the locations of the charges.
  6. The rate of fall can be very fast if all supports are cut, or slower, the the demolition design uses the kinetic energy of one falling segment to do the work of tearing apart the structure.  In this second case, sections of the building are set to fall a few seconds apart and the rate of fall is NOT free fall.  The kinetic energy is used to do work and does not show free fall acceleration.
  7. Pyroclastic dust clouds.  A layer of hot, dust ladened gas expands rapidly which has different density from surrounding air.  Shaped like a cauliflower.  Pyroclastic flows happen in 2 other places, ash clouds above volcanic eruptions and in silt avalanches filmed underwater.
  8. In the exceptional case of a tall thin building, where the debris is intended to fall vertically and land in its basement, the structure is damaged with impeccable timing to prevent leaning or falling to the side. The mass of the building must fall directly through its own support.  This is a true "implosion pattern," is very difficult to perform, and it utterly unnatural.  A simultaneous destruction of all vertical supports and at multiple levels is required.  Example:

    (above video from 0 sec to 16 seconds)

So, can you identify a building being blown up?
 
The goal is to move the discussion to the realm of physical science.

 

Nate's picture
Nate
Status: Platinum Member (Offline)
Joined: May 6 2009
Posts: 601
JHK

“I believe her!”

Really? Why should anyone believe her?

Senator Collins of Maine said she believed that Dr. Christine Blasey Ford experienced something traumatic, just not at the hands of Mr. Kavanaugh. I believe Senator Collins said that to placate the #Metoo mob, not because she actually believed it. I believe Christine Blasey Ford was lying, through and through, in her injured little girl voice, like a bad imitation of Truman Capote.

I believe that the Christine Blasey Ford gambit was an extension of the sinister activities underway since early 2016 in the Department of Justice and the FBI to un-do the last presidential election, and that the real and truthful story about these seditious monkeyshines is going to blow wide open.

It turns out that the Deep State is a small world. Did you know that the lawyer sitting next to Dr. Ford in the Senate hearings, one Michael Bromwich, is also an attorney for Andrew McCabe, the former FBI Deputy Director fired for lying to investigators from his own agency and currently singing to a grand jury? What a coincidence. Out of all the lawyers in the most lawyer-infested corner of the USA, she just happened to hook up with him.

It’s a matter of record that Dr. Ford traveled to Rehobeth Beach Delaware on July 26, where her Best Friend Forever and former room-mate, Monica McLean, lives, and that she spent the next four days there before sending a letter July 30 to Senator Diane Feinstein that kicked off the “sexual assault” circus. Did you know that Monica McClean was a retired FBI special agent, and that she worked in the US Attorney’s office for the Southern District of New York under Preet Bharara, who had earlier worked for Senate Minority Leader Chuck Schumer?

Could Monica McLean have spent those four days in July helping Christine Blasey Ford compose her letter to Mrs. Feinstein? Did you know that Monica McClean’s lawyer, one David Laufman is a former DOJ top lawyer who assisted former FBI counter-intel chief Peter Strozk on both the Clinton and Russia investigations before resigning in February this year — in fact, he sat in on the notorious “unsworn” interview with Hillary in 2016. Wow! What a really small swamp Washington is!

Did you know that Ms. Leland Keyser, Dr. Ford’s previous BFF from back in the Holton Arms prep school, told the final round of FBI investigators in the Kavanaugh hearing last week — as reported by the The Wall Street Journal — that she “felt pressured” by Monica McLean and her representatives to change her story — that she knew nothing about the alleged sexual assault, or the alleged party where it allegedly happened, or that she ever knew Mr. Kavanaugh. I think that’s called suborning perjury.

None of this is trivial and the matter can’t possibly rest there. Too much of it has been unraveled by what remains of the news media. And meanwhile, of course, there is at least one grand jury listening to testimony from the whole cast-of-characters behind the botched Hillary investigation and Robert Mueller’s ever more dubious-looking Russian collusion inquiry: the aforementioned Strozk, Lisa Page, James Comey, Andrew McCabe, Bill Priestap, et. al. I have a feeling that these matters are now approaching critical mass with the parallel unraveling of the Christine Blasey Ford “story.”

The Democratic Party has its fingerprints all over this, as it does with the shenanigans over the Russia investigation. Not only do I not believe Dr. Ford’s story; I also don’t believe she acted on her own in this shady business. What’s happening with all these FBI and DOJ associated lawyers is an obvious circling of the wagons. They’ve generated too much animus in the process and they’re going to get nailed. These matters are far from over and a major battle is looming in the countdown to the midterm elections. In fact, op-ed writer Charles M. Blow sounded the trumpet Monday morning in his idiotic column titled: Liberals, This is War. Like I’ve been saying: Civil War Two

 

http://kunstler.com/clusterfuck-nation/aftermath-as-prologue/

 

ezlxq1949's picture
ezlxq1949
Status: Gold Member (Offline)
Joined: Apr 29 2009
Posts: 250
Worst demolitions too

It's instructive also to watch the many videos of demolitions that went wrong. Need to appreciate both sides of the art of reclaiming space.

But can physical science convince the true believer?

Barnbuilder's picture
Barnbuilder
Status: Silver Member (Offline)
Joined: May 7 2014
Posts: 100
No

But can physical science convince the true believer?

The answer is obviously no. So quit trying and move on from the how of 911 to the who and why. I recommend this article for those  interested. The key point is in the last couple of paragraphs.

http://www.unz.com/runz/american-pravda-911-conspiracy-theories/

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1983
Awesome summary of Why and Who of 9/11

Thank you so much for that recommendation, Barnbuilder.

Ron Unz writes a collumn at Unz review where he sumarizes the wealth of evidence that 9/11 was a deliberately staged event.

He then turns away from the "inside job" by Bush, Cheney and Rumsfeld explanation, to the much more likely one that a sophisticated national intelligence agency was responsible.

And everything returns to Who Benefits.

Well, it is Israel.  Surprise.

This is a broad and comprehensive review of this "third rail" conclusion.  Very very well done.

 

 

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