Daily Digest

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Daily Digest 11/5 - U.S. Militia Groups Head To Border, Collapse In Gas Prices Predicted Ahead Of Midterms

Monday, November 5, 2018, 10:07 AM

Economy

October's jobs report was perfect for everyone, except Wall Street (Thomas R.)

"At some point the market has to accept that what is good for Main Street is also good for Wall Street," said Quincy Krosby, chief market strategist at Prudential Financial. "But that mantra changes if it puts too much pressure on margins and at the same time forces the Fed to see galloping inflation on the horizon. That makes for a much more aggressive Fed."

Yes, Elections Are Important, Just Not Why You Think (tmn)

Representation in the narrow sense of producing politicians who are perfectly attuned to the policy preferences of voters is a pipe dream for lots of reasons. But the empirical work of Richard Fenno and others shows that politicians do take seriously the process of representation — making promises during campaigns, then governing with those promises in mind, and then explaining their actions in office in terms of the original promises and making a new set of promises in the next campaign. Connecting all of that to the voters is a complicated story, but in my view this kind of representation is a crucial part of real-life self-government. And elections are central to the cycle of democratic promises.

What Are Good Elections, Anyway? (tmn)

The American dream is that an individual can work hard (“pull themselves up by their bootstraps”), be recognized as valuable, and earn rewards or status in exchange. Having individual agency is strongly connected to the idea of a meritocracy, where the deserving are granted rewards.

But what if our success is not a function of what we do as individuals, but a function of the position we hold in society’s strata?

U.S. militia groups head to border, stirred by Trump’s call to arms (Sparky1)

According to military planning documents obtained by Newsweek, the military is concerned about the arrival of “unregulated militia members self-deploying to the border in alleged support” of U.S. Customs and Border Protection.

The assessment estimates that 200 militia members could show up. “They operate under the guise of citizen patrols,” the report said, while warning of “incidents of unregulated militias stealing National Guard equipment during deployments.”

They’re Trained for War. Now American Troops Are Headed to the U.S. Border. (Sparky1)

Defense Department officials say the border deployment is set to last until Dec. 15. It is not clear how much it will cost to send active-duty military troops to the border for the 45-day deployment, and neither the Pentagon nor the White House has provided a price estimate.

The Burning Platform: The Fourth Turning & War Of The Worlds (thc0655)

Here we are eighty years later and the mood of the country is similarly on edge. We are ten years into an “economic recovery” for Wall Street, while Main Street still struggles to make ends meet. Real wages have barely budged in two decades, while energy, healthcare, food, rent, and education costs have soared for the common people. The initial phase of the financial crisis devastated the retirement savings of millions and resulted in millions more getting kicked out of their houses by Wall Street bankers, who committed fraud and were rewarded by a taxpayer funded bailout and free money provided by their puppets at the Federal Reserve.

Their Soybeans Piling Up, Farmers Hope Trade War Ends Before Beans Rot (jdargis)

Mr. Karel, the general manager of the Arthur Companies, which operates six grain elevators in eastern North Dakota, has started to pile one million bushels of soybeans on a clear patch of ground behind some of his grain silos. The big mound of yellowish-white beans, already one of the taller hills in this flat part of the world, will then be covered with tarps.

Hackers Publish Private Messages From 81,000 Facebook Accounts (Thomas R.)

Guy Rosen, Facebook’s VP Product Management, said the company has contacted browser makers to ensure the infected extensions are no longer offered for download in their stores. It also publishes a user guide, urging people to refrain from downloading software from untrusted sources.

IRA Contribution Limits Are Increasing Almost 10% in 2019 (Thomas R.)

Specifically, if you file your taxes as married filing jointly and you're covered by a retirement plan at work, then you'll only qualify for the full tax deduction if your joint adjusted gross income is less than $103,000 in 2019. If you're not covered by a plan at work but your spouse is, then the income limit for the full deduction is $193,000 next year. The limit for singles is lower. Single people covered by a plan at work can take the full deduction for their contribution only if their adjusted income is below $64,000 in 2019.

"Colossal collapse" in gasoline prices predicted ahead of midterm elections, expert says (Thomas R.)

In Texas, gas prices dropped from $2.67 a gallon to $2.51 between October and November, according to GasBuddy, a website that tracks gas prices. Of course, cheap gas isn't great for everyone. Oil is set to have it's worst week since February thanks to a "looming oversupply," Bloomberg reported Friday.

Oil rally faces tidal wave of supply (Thomas R.)

Those factors, along with a spate of recent weak economic reports out of China and other emerging markets, have shifted the conversation back toward worries about oversupply, and pushed U.S. futures to lows not seen since April, interrupting an upward move that had consistently found support during the rally’s modest pullbacks.

Farmers brace for what's next as soybean sales to China tank (Thomas R.)

Prices have slumped badly for several years among other agricultural commodities. “Soybeans is the crop that has held its own and kept a lot of [Minnesota] farms on the positive side” of cash flow,” Thiesse said. “We’ve built the soybean market on exports and China makes up such a big part of that.”

Healthy Schools and Indoor Air Quality (TPD)

School IAQ Assessment mobile app by EPA provides schools and school districts with strategies for addressing critical building-related environmental health issues such as ventilation, cleaning and maintenance, environmental asthma triggers, radon, and integrated pest management. The app complements existing indoor air quality management programs and can be used as the central tracking mechanism to organize building assessments and prioritize improvements.

Young Activists Can Sue Government Over Climate Change, Supreme Court Says (edelinski)

The lawsuit — brought by 21 plaintiffs, many of whom are minors, in U.S. district court in Eugene, Ore. — claims the federal government encouraged the production of oil, gas and other fossil fuels, causing the planet to warm and infringing on several of the plaintiffs' fundamental rights. It lists examples that the government knew the Earth was warming as early as 1965, and it requests a court order for the government to decrease carbon dioxide emissions as well as the creation of a national plan to "restore Earth's energy balance" and "stabilize the climate system."

Alterations to seabed raise fears for future (Stabu)

“Because it takes decades or even centuries for CO2 to drop down to the bottom of the ocean, almost all the CO2 created through human activity is still at the surface. But in the future, it will invade the deep-ocean, spread above the ocean floor and cause even more calcite particles at the seafloor to dissolve,” says lead author Olivier Sulpis who is working on his PhD in McGill’s Dept. of Earth and Planetary Sciences. “The rate at which CO2 is currently being emitted into the atmosphere is exceptionally high in Earth’s history, faster than at any period since at least the extinction of the dinosaurs. And at a much faster rate than the natural mechanisms in the ocean can deal with, so it raises worries about the levels of ocean acidification in future.”

Gold & Silver

Click to read the PM Daily Market Commentary: 11/2/18

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."

12 Comments

sand_puppy's picture
sand_puppy
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The NYT Lies to Sell the "Russia Stole the Election" Story

ConsortiumNews.com has been very critical of the NYT assertion that Russian operatives using facebook ads, "stole the election" "handing it to Trump."  (and here)

Here is another ConsortiumNews piece by Gareth Porter that profoundly undermines this narrative.

The reason that I am posting it here is not as much about this article's CONTENT of the Russia stole the election story, BUT THE METHOD OF SHAPING PUBLIC THINKING--THE USE OF MAJOR TRUSTED NEWS SOURCES. 

This story, like the selling of the Iraq WMD process lead by the NYT, demonstrates a systematic, organized and deliberate distortion of the truth in order to shape public thinking. 

This is a conspiracy story.  

The New York Times is a massive purveyor of fake news.

The NYT reported that a private Russian company, Internet Research Agancy (IRA), purchased 80,000 facebook ads over a 2 year period.   It was via these ads that Putin stole the US election.

1.  Facebook did NOT report how many of these ads had to do with the election, nor did they claim that most ads were election related.

2.  The 2 year period included 2015 - 2017, which includes 1 full year AFTER the election. (And, I'm quite sure that most ads purchased AFTER the election were NOT election related.)

3.  Counsel for FB testified that "as many as 126 million people MAY have been exposed to one of these ads over this 2 year period."  This was based on the assumption that some users may have *shared* the stories increasing exposure.

4.  However, FB acknowledges that generally, only about 10% of newsfeed articles are read by users.

5.  And most telling, the NYT did NOT mention that during this same time period, 33,000,000,000 (33 Trillion) content items were served on fb news feeds.  [I am not sure if this 33 Trillion figure includes just paid ads or all news stories delivered into FB newsfeeds.]

To put the 33 trillion figure over two years in perspective, the 80,000 Russian-origin Facebook posts represented just .0000000024 of total Facebook content in that time.

Shane and Mazzetti [NYT authors] did not report the 33 trillion number even though The New York Times’ own coverage of that 2017 Stretch [FB counsel] testimony explicitly stated, “Facebook cautioned that the Russia-linked posts represented a minuscule amount of content compared with the billions of posts that flow through users’ News Feeds everyday.”

The Times‘ touting of the bogus 126 million out 137 million voters, while not reporting the 33 trillion figure, should vie in the annals of journalism as one of the most spectacularly misleading uses of statistics of all time.

The omission of these context elements severely distorts the impact of these "Russia-linked posts."

I am absolutely certain that this kind of deception is not accidental.  It is conducted by operators of very high intelligence and excellent verbal skills.  This is the oligarchy and its team of brilliant operatives, using their talents and position to guide the sheep to the slaughter.

Our protection is to recognize that conspiracies happen all around us, and that our trusted and authoratative news sources are liars. 

Doug's picture
Doug
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33 what?

33 followed by 9 zeros is 33 billion, not trillion.

KugsCheese's picture
KugsCheese
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Can't Find Video

Can someone please provide the link for the video of Chris M. talking about rigged voting with graphs?  Thanks

cmartenson's picture
cmartenson
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Link to Election Video
KugsCheese wrote:

Can someone please provide the link for the video of Chris M. talking about rigged voting with graphs?  Thanks

Here ya go!

(located on the PP Youtube channel)

sand_puppy's picture
sand_puppy
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Posts: 2014
000

000

I am supplying the missing 000 which can be addended to 33 billion numerical descriptor I supplied making it agree with the 33 Trillion number mentioned in text and in the source article.  (Sorry, my editor was off that day.)

One other way of looking at it is this: 

for every 1 "Russia-linked ad" delivered into the facebook newsfeed, 430 Million other items were delivered into that news feed..

And many of the 430,000,000 other items were paid advertisments for the candidates who spent heavily on the campaign.

What is very striking is that with a bit of critical examination, these fb ads cannot reasonably be expected to have moved the needle significantly.

It shows how much the oligarchy relies on simple suggestion from a trusted source to affect public thinking.  And that critical review of the suggested "truth" can undo the suggestion.

"We create our own reality."

--Dick Cheny (and the New York Times)

 

davefairtex's picture
davefairtex
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wanting it to be true

My sense is, a small section of the base were desperate for a reason to explain the defeat.  They thought Trump was ridiculous (which is true enough), and they couldn't possibly understand why anyone would vote for him over the comfortable status quo.  After all, for them, everything was going just fine.

As a result, "Russia did it" must be 50% of the explanation.  No sane country would vote for Trump over the comfortable Hillary.  Unless of course you were a Nazi, a misogynist, a racist, a xenophobe, KKK member, or you were otherwise tuned into the constant series of dog-whistles Trump was constantly emitting.  And still is, of course.

But Russia was the key.  They confused the decisive 20% of America with their crazy-effective (but very low budget) ad campaign.  The wizards in the Kremlin somehow managed to construct material that was so convincing, it altered the course of history.  That's what makes them so very dangerous.  They really are just that good.  Each one of their ads was more effective than 200 ads constructed by Hillary.

Here's a thought: Hillary might consider hiring some of these unbelievably effective Russian Ad Wizards for her 2020 campaign.

 

cmartenson's picture
cmartenson
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If Politics Were Real

It’s entirely laughable that the NYTimes is beating the Russia-gate story still, and it’s actually deplorable how badly they have mangled the statistics. No excuse whatsoever for being so misleading except that it’s intentional and derelict.

The result?

It’s another unpredictable squeaker of an election when it should be a landslide.  Caitlin Johnstone explains it best:

[O]n paper the outcome of the 2018 midterms is still uncertain. The slight lead Democrats held in polls has narrowed further today, with some analysts going so far as to predict Republicans retaining control of both houses.

Which is, on its surface, bizarre. It is bizarre not only because a new president almost always takes congressional losses at this point in their administration (the only exceptions being the historically significant years of 1934 and 2002), but also because the Republican Party is under the leadership of the most despised presidential candidate of all time.

If US politics were real, this would not be happening. If the Democratic Party were a real political party, a party which advances popular agendas in order to get its members elected to the government the way kids are taught in school, it would be on the cusp of a massive landslide of victories in both the House and the Senate, instead praying Hail Marys that they at least gain a slight advantage in the House. The last two years would have been spent promoting the virally popular agendas of the Bernie Sanders movement like single payer healthcare and getting money out of politics, after a thorough and radically honest autopsy of everything that went so catastrophically wrong in 2016.

Instead, what did Democrats do? They spent the last two years babbling about Russiagate conspiracy theories, and then in a tacit admission that they’ve never believed a word of that nonsense suddenly went completely silent on the issue before midterms and switched to the “We’re not Trump” platform. Oh yeah, and they’re telling Green Party candidates to drop out.

(…)

Instead of advancing popular positions to win the votes of the majority as kids are taught happens in school, all Democrats are doing currently is attacking the Republicans over Trump’s obnoxious tweets and generally successful anti-immigrant fearmongering.

Since both parties support all oligarchic agendas in essentially the same ways, the only wiggle room Democrats have left is on issues the billionaire class doesn’t care about, like racism and other forms of bigotry.

Plutocrats don’t care if gay people get married or if the president says racist things, they only care about power and profit, so civil rights and opposition to racism are the only means by which Democrats can significantly distinguish themselves from Republicans in a way that helps them get elected. The fact that both parties support the same oligarchic agendas which hurt disadvantaged groups first and worst goes unmentioned by either side.

(Source – Johnstone in Medium)

I love that part in bold above.  It's so blindingly obvious to everyone except the syncophants in the Lamestream media.

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davefairtex
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Caitlin Johnstone

She really has it nailed.  Hmm.  Maybe you could interview her.  Does PP do political interviews?

Since both parties support all oligarchic agendas in essentially the same ways, the only wiggle room Democrats have left is on issues the billionaire class doesn’t care about, like racism and other forms of bigotry.

Agree 100%.

Plutocrats don’t care if gay people get married or if the president says racist things, they only care about power and profit, so civil rights and opposition to racism are the only means by which Democrats can significantly distinguish themselves from Republicans in a way that helps them get elected. The fact that both parties support the same oligarchic agendas which hurt disadvantaged groups first and worst goes unmentioned by either side.

I'd phrase it a bit differently.  Plutocrats make sure that their tame media companies seek out, and promote issues that divide the disadvantaged groups, so that the two parties are given issues to distinguish themselves from one another that don't jeopardize the income streams and holdings of the plutocrats.

In other words, the only daylight between CJ and myself is that I think said plutocrats are a lot more active and deliberate about structuring the whole situation to their advantage.  No proof, of course, but I rely on The James Bond Theorem:  Once is Happenstance, Twice is Coincidence, but...after 30 years of this, well then that must be Enemy Action.

That's how you get healthcare at 20% of GDP, but nobody can talk about national healthcare, which would chop costs in half in a heartbeat.  And people would live longer too.  And everyone would get covered.

But no, "the people" are "for some reason" too busy being angry about Nazi-statue-caravans to pay attention.

 

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newsbuoy
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Break-in Attempted at Embassy; Fears Raised of Abduction

https://consortiumnews.com/2018/11/03/break-in-attempted-at-assanges-res...

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newsbuoy
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Fourth Turning & Blog Fog

https://rationalwiki.org/wiki/William_Strauss_and_Neil_Howe

The blog-o-sphere is full of sites like The Burning Platform which are full of bloviating around unsubstantiated claims and theories.

"Be cheerful while you are alive."  -- Ptah-Hotep, 24th Century B.C.

"The problem with quotes on the internet is that it is often difficult to
verify their authenticity." --Abraham Lincoln

KugsCheese's picture
KugsCheese
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Posts: 1469
cmartenson
cmartenson wrote:
KugsCheese wrote:

Can someone please provide the link for the video of Chris M. talking about rigged voting with graphs?  Thanks

Here ya go!

(located on the PP Youtube channel)

You should add a more descriptive title and description for the video.

Time2help's picture
Time2help
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Posts: 2872
Re: If Politics Were Real

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