Daily Digest

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Daily Digest 10/30 - Europe and Risk of Revolution, America’s Other Family-‍Separation Crisis

Tuesday, October 30, 2018, 8:51 AM

Economy

Exclusive: Trump targeting birthright citizenship with executive order (Sparky1)

Trump told "Axios on HBO" that he has run the idea of ending birthright citizenship by his counsel and plans to proceed with the highly controversial move, which certainly will face legal challenges. "It was always told to me that you needed a constitutional amendment. Guess what? You don't," Trump said, declaring he can do it by executive order.

First, Secure the Borders (thc0655)

Readers of this publication will be familiar with my forecasts that the principle countries that are at the forefront of this decline will be steadily increasing both their capital controls and their migration controls. With regard to the latter concern, the emphasis will not be on keeping non-productive people out, it will be on keeping productive people in.

Please read that last line again, as it’s very telling.

Europe & Risk of Revolution (Thomas R.)

Caesar’s reputation has been distorted by the corrupt Optimates such as Cato and Cicero. Caesar was a man of the people, not a socialist, just an anti-establishment from the perspective of corruption. He too had to flee Rome under the dictatorship of Sulla who would have killed him much as Stalin killed anyone who might oppose him. Sulla never placed his portrait on a coin pretended to be an honest devoted member of the Republic who just so happened to have authoritarian powers.

Calling on Brian Kemp to Resign, Jimmy Carter Says Being a Candidate While Also Controlling Election Process Violates 'Most Fundamental Principle' of Democracy (Paul D.)

"In Georgia’s upcoming gubernatorial election, popular confidence is threatened not only by the undeniable racial discrimination of the past and the serious questions that the federal courts have raised about the security of Georgia’s voting machines, but also because you are now overseeing the election in which you are a candidate." 

This Is Why Applying the Blockchain to Voting Is Too High a Risk (Paul D.)

Officials and companies who promote online voting are creating a false sense of security — and putting the integrity of the election process at risk. In seeking to use blockchains as a protective element, they may in fact be introducing new threats into the crucial mechanics of democracy.

China's currency just hit its lowest level in a decade. What's next? (Thomas R.)

Sharp drops in the yuan can send shudders through China's economy and financial markets. In 2015 and 2016, huge sums of money flooded out of China as investors bet the yuan would keep falling, forcing Beijing to spend hundreds of billions of dollars to prop up its currency.

One of crypto’s longest-running exchanges has been sold (Thomas R.)

Bitstamp was founded in 2011 by Slovenian entrepreneur Nejc Kodrič with an initial €1,000 and it survived the heady early days of crypto, unlike a certain peer named Mt. Gox. Today, Bitstamp is ranked inside the world’s top 30 exchanges based on trading volume with more than 100 staff. Bitcoin and XRP are among its most traded tokens, according to data from Coinmarketcap.com.

64% of Firms Doing Business in China Consider Relocation, Only 1% to N. America (Thomas R.)

More than 70 percent of U.S. firms operating in southern China are considering delaying further investment there and moving some or all of their manufacturing to other countries as the trade war bites into profits.

Sixty-four percent of the companies said they were considering relocating production lines to outside of China, but only 1 percent said they had any plans to establish manufacturing bases in North America.

Global tax proposals take aim at U.S. tech (Thomas R.)

Some global tech companies have perfected the art of moving profits to countries with low tax rates. In response, countries are proposing to tax revenue instead of profits. That's because it's much harder for a company to move revenue than it is to move profits.

Bill Of The Month: A $48,329 Allergy Test Is A Lot Of Scratch (Thomas R.)

Winston, who had avoided lipstick and other skin products for years, said that 119 tiny plastic containers of allergens were taped to her back over three days of testing. Winston ultimately learned that she was allergic to — among other things — linalool (a compound of lavender and other plants); the ketoconazole cream prescribed to treat her persistent rash; the antibiotic neomycin; a clothing dye; a common preservative used in cosmetics; and the metals gold, nickel and cobalt.

America’s Other Family-‍Separation Crisis (jdargis)

America imprisons women in astonishing numbers. The population of women in state prisons has increased by more than eight hundred per cent in the past four decades. The number of women in local jails is fourteen times higher than it was in the nineteen-seventies; most of these women haven’t been convicted of a crime but are too poor to post bail while awaiting trial. The majority have been charged with low-level, nonviolent offenses, such as drug possession, shoplifting, and parole violations. The result is that more than a quarter of a million children in the U.S. have a mother in jail. One in nine black children has a parent who is, or has been, incarcerated.

Iran’s Worst Nightmare Is Coming True (Michael S.)

Now, what a different just a few weeks can make. Oil prices are now trending downward, falling for a third consecutive week as global stock markets tumbled and oil markets focused on a weaker demand outlook for crude going forward. Brent crude fell 2.7 percent last week and is down 10.5 percent from its October 3 high of $86.74. WTI ended the week down some 2.2 percent and has now dropped around 12 percent from its recent high of on October 3. Moreover, in a sign of things to come, hedge-fund and money managers are trimming their bets that crude oil prices will rise.

Oil prices fall on rising supply, trade tensions (Thomas R.)

“There are two downward pressures on global oil demand growth. One is high oil prices, and in many countries they’re directly related to consumer prices. The second one is global economic growth momentum slowing down,” IEA chief Fatih Birol told an energy conference in Singapore.

60% of world's wildlife has been wiped out since 1970 (Uncletommy)

Species in decline include Canadian species such as barren-ground caribou and North Atlantic right whales as well as many migratory species such as songbirds and monarch butterflies that breed in Canada.

Tree Teachings: How Fossil Fuels and Climate Change Are Altering the Global Forest (Paul D.)

The greenhouse effect, she fears, is having a deleterious effect on the fertility of soils and their capacity to hold carbon due to irradiation of soil organisms by ultraviolet A and ultraviolet B wave lengths. These waves help degrade plants and may also release more carbon into the atmosphere.

“This might impact us much sooner than carbon dioxide in the atmosphere and no one is really addressing this issue,” adds Beresford-Kroeger.

Our Bonus Decade (Paul D.)

As a shorthand way of speaking about these four related factors, we at PCI have begun speaking of the “E4 crisis” (energy, environment, economy, and equity). It’s no longer helpful to focus on one factor to the exclusion of the others; it’s far more informative to look for ways in which all four are interacting in real time.

We Cannot Recycle And Beach Clean Our Way Out Of A Plastics Crisis (Thomas R.)

There is widespread agreement that urgent action is needed. Around the world there has been investment and innovation, as well as community-led efforts, to clean up plastic pollution. Yet we know that while cleaning up is vital, it does not stop the tide of plastic entering the oceans each year. We cannot recycle and clean our way out of this crisis ― we must move upstream to the source of the flow. When the boat is sinking, bailing out buys you time, but what you really need to do is fix the hole.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/29/18

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."

8 Comments

Wendal's picture
Wendal
Status: Bronze Member (Offline)
Joined: Nov 23 2013
Posts: 32
More Chris Hedges

Chris Hedges on his current book, "America: The Farewell Tour"...

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1699
Hedges is overrated and extremely biased against Christianity

I wouldn't throw out everything the man says, but I do take him with a bucket of salt (and I'm out of salt).  He sees Christianity as one of the primary, most dangerous enemies of America (aka civilization).  Boiled down to its essence, he says Christianity is evil because some evangelicals (fundamentalists) on the "right" talk about taking over the world through conversion and remaking society in Biblical terms.  However, he excuses Islam because those among them who advocate an Islamic take over of the world, by force where necessary, are extremists who don't represent "Real Islam".  See how that works?  Christian extremists represent real Christianity and are therefore the enemy of civilization.  However, Muslim extremists aren't "Real Islam" and so Islam is a positive force in civilization.  frown

https://www.firstthings.com/web-exclusives/2007/03/christianity-is-an-enemy-that

https://www.commondreams.org/views/2017/07/24/trump-and-christian-fascists

newsbuoy's picture
newsbuoy
Status: Gold Member (Offline)
Joined: Dec 10 2013
Posts: 323
...Just One More Thing
If/when the political/economic/social collapse becomes visible, as discussed by Mr Hedges, we may want to additionally consider rapid climate change (ie Wild Weather) and how these human events may or may not be just one more self-reinforcing feedback loop manifesting a series of standard metamorphoses as this planet has undergone in all recorded centuries. That is to say the sixth great extinction (large mammals first).
One notices that thc0655 (aka "elderly Christo-hippie" ;-0) finds christo-fascism illusory and of little consequence-one presumes he has his membership card--and passes time pondering the arrangement of the deck chairs rather than our collective and presumably eminent, premature death.  Reads here like he conveniently bunches together all Christendom into Mr Hedges arguments only to satisfy some Ibrahimic mythology about who was the favored Son. In doing so has actually reinforced the claims Hedges is making--We're F'd.

Are there enough Christian nuclear physicists to keep all the reactors from melting down? Will the subsequent mutations be God's Grace? Can there be a Mass if there's no bread or wine? Let us prey, upon each other. We're good at that.

Lastly, A Christion walks into a bar...

Shalom

Wendal's picture
Wendal
Status: Bronze Member (Offline)
Joined: Nov 23 2013
Posts: 32
No dog in this fight...

As an atheist, I have no dog in this fight. Indeed, I'd have little to discuss with Hedges in this regard as he seems to not even believe I can exist - if you go by the title of some of his previous books.

I do happen to agree with a lot of what he says on other issues - just as I also disagree with a lot of what he says on yet other topics.

I also happen to respect his credentials, as I myself cannot claim to have anything like his academic or vocational pedigree - including graduating from Harvard Divinity School, becoming an ordained Presbyterian minister, being a Pulitzer prize winning author of 14 books and innumerable articles, being an overseas war correspondent for 20 years in Latin America, the Middle East and Europe - during which he came close to death several times, a teacher of university-level courses to prison inmates for over a decade, a regular columnist and host of a cable interview program, etc., etc.

I saw where a DD posting yesterday linked to an older interview about one of his previous books and figured I'd add something about his latest work in case there was any interest. While I realize a lot of his views are no doubt total anathema to many here - I also suspect that some of what he says may be of interest to a few.

At least he's out there researching and writing books, giving talks, doing interviews, teaching inmates, marching in protests, bringing lawsuits against Obama - among many, many other things. 

Which is a hell of a lot more than I do. I confess it's a lot easier to sit on one's ass in front of a computer and shit on someone else's parade than it is to actually go out and do something in the "real" world. But at least I acknowledge that I myself am as guilty of that as most people.

 

 

 

 

 

Matt Holbert's picture
Matt Holbert
Status: Silver Member (Offline)
Joined: Oct 3 2008
Posts: 143
I'm extremely biased against any dogma...

and I think that Chris Hedges is as well.

Here is a 22 minute interview with Jimmy Dore that is well worth watching in my opinion:

Update: Here is a link to an article by Hedges on Sheldon Wolen -- mentioned by Hedges in the above video: https://www.truthdig.com/articles/sheldon-wolin-and-inverted-totalitarianism/

Interestingly enough, the book discussed in the article and the Dore video, Democracy Incorporated, was only available at one library in Eastern Washington. It must be good... Wolen's ideas are novel -- and make sense.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2874
You Gotta Vote!

And on a lighter note...

MarkM's picture
MarkM
Status: Platinum Member (Offline)
Joined: Jul 22 2008
Posts: 854
Where is the outrage

 

I mean, really, where is the outrage. This will quickly go down the memory hole. Disgusting. The MSM is in complete control of thought shaping. Just another lesson in where we really are today.

reflector's picture
reflector
Status: Gold Member (Offline)
Joined: Aug 20 2011
Posts: 277
new hidden secrets of money ep 9 & 10 out

for anyone who hasn't seen it, there's a new episode of the hidden secrets of money out, episode 9 is another excellent piece by goldsilver.com's mike maloney:

episode 10 just came out today:

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