Daily Digest

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Daily Digest 6/28 - Inflation Makes Big Incomes Smaller, Tipping Point Democracy, How Do Empires Die?

Thursday, June 28, 2012, 9:59 AM


Chris Martenson on Shadow Bank Runs and how Central Banks are Missing the Boat! (adam)

Inflation Makes Big Incomes Smaller (Jeff B.)

According to the U.S. Census Bureau, only 6.03 percent of individual over 18 and only 19.9 percent of households had incomes of $100,000 or more in 2010. In fact, the median annual household income for 2010 was $50,046, just more than half of the six-figure benchmark. The overwhelming majority of Americans still look up to a $100,000 income, but the expectations of what comes with that income are rapidly slumping.

“Without a doubt, the housing situation is the biggest thing that eats into our income.” -- Brian Neale, investment manager

How Do Empires Die? (Thomas C.)

When municipals went bankrupt in the 1930s like the city of Detroit, capital was able to distinguish a muni from the feds and not all munis defaulted. However, had the feds defaulted, then they take down ALL the munis at once. There is a HUGE difference between a fringe and a core economy. The assumption is other countries’ reserves will somehow survive a US hyperinflation? Brazil and China combined could NOT absorb all the cash from the US and Europe. Their economies are not that big. To arbitrarily say “giant” money is already in gold – where? How? When? Why is it still fleeing to the dollar sending 10-year rates to record lows?

Tipping Point Democracy (Thomas C.)

March 29th, 2012: a group of plaintiffs led by author/journalist Chris Hedges brought a lawsuit against Barack Obama and the US government for section 1021 of the National Defense Authorization Act of 2012, which gives the US military the right to detain American citizens indefinitely without charge or trial.


Here's Everything You Missed At The Peak Oil Conference In Vienna (Ivo M.)

ASPO is a no-budget loose association of people interested in studying Peak Oil. It was formed in 2002 (10th anniversary this year) by Colin Campbell and Kjell Aleklett, both petroleum geologists. The term Peak Oil (which often creates confusion - I don't know how many times I had to say "no, not Pig Oil - Peak Oil") by the way was "created at that moment".

Hydropower Provides 65% of Latin Americas Electricity Generation (OPA)

Osvaldo San Martin, president and CEO of Voith Hydro Latin America, one of the largest hydro power companies in South America, responsible for 45GW of capacity spread over 600 projects, said that “the untapped hydropower potential is still huge and renewable energy continues to be one of the region's most valuable assets. We see continued growth in Brazil, especially in the new hydropower sector.”


It Hardly Costs Anything To Power This Eco-Village In Maine (adam)

The village is said to be super sustainable, using Germany's green "passive house" model as its guide. Built to withstand those harsh Maine winters, the village's homes feature glare-proof windows with roll-down, see-through shades and electric baseboard heaters (standard issue in any bathroom). Solar electric panels will also keep things toasty.

http://www.enewspf.com/latest-news/science-a-environmental/34528-international-scrutiny-of-pesticide-link-to-honey-bee-deaths-intensifies.html" target="_blank">International Scrutiny of Pesticide Link to Honey Bee Deaths Intensifies (Dons)

Neonicitinoids are highly toxic to a range of insects, including honey bees and other pollinators. They are taken up by a plant’s vascular system and expressed through pollen, nectar, and gutation droplets from which bees forage and drink. Neonicotinoids are particularly dangerous because, in addition to being acutely toxic in high doses, they also result in serious sublethal effects when insects are exposed to chronic low doses. Pollinators are commonly exposed to these doses through pollen and water droplets laced with the chemical as well as dust that is released into the air when coated seeds are planted. These effects cause significant problems for the health of individual honey bees as well as the overall health of honey bee colonies and they include disruptions in mobility, navigation, feeding behavior, foraging activity, memory and learning, and overall hive activity.

Halliburton blames guar bean shortage for profit warning (Talesin)

Halliburton said it expected its profit margins in North America to fall from 25% in the first quarter of the year to between 19.5% and 20% in the second quarter, which is three percentage points more than it predicted in April.

"The price of guar gum has inflated more rapidly than previously expected due to concerns over the potential for shortages for the commodity later in 2012," Halliburton said in a statement.

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