Daily Digest

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Daily Digest 10/6 - The Real Truth Behind QE3, Why Your Car Isn't Electric

Saturday, October 6, 2012, 10:38 AM


Nick Barisheff: The Destruction Of Currency And Rise Of Gold (Taki T.)

Half of the gold market is owned by Central Banks and half is privately owned. Central Banks account for approximately 500 tonnes gold purchases per year (figures are based on the past couple of years). The gold owned by private hands, is held by a relatively small number of very wealthy families (who mostly hold it for generations). The effect of the above situation on the gold market is that both Central Banks (who became net buyers in 2008 and who are not selling their gold) and the vast majority of privately held bullion is not for sale at any price. So all you’ve got is new mine supply to meet the upcoming [investment] demand. Imagine what happens if you get only a few percentage points move out of the $250 trillion paper market in an attempt to buy gold. Indeed, the only adjustable number in such a situation is the price of gold.

Inside the Cold, Calculating Libertarian Mind (jdargis)

The study collated the results of 16 personality surveys and experiments completed by nearly 12,000 self-identified libertarians who visited YourMorals.org. The researchers compared the libertarians to tens of thousands of self-identified liberals and conservatives. It was hardly surprising that the team found that libertarians strongly value liberty, especially the "negative liberty" of freedom from interference by others. Given the philosophy of their heroes, from John Locke and John Stuart Mill to Ayn Rand and Ron Paul, it also comes as no surprise that libertarians are also individualistic, stressing the right and the need for people to stand on their own two feet, rather than the duty of others, or government, to care for people.

Practical Bull: Jim Willie On The Real Truth Behind QE3 (Josh R.)

In the second episode of Practical Bull Radio, host Josh Renfro talks to CEO Erik Weir of WCM Global Wealthabout the lost decade and how investing in bear markets require very different strategies from the 1980′s and 1990′s. In the second half of the Josh talks with Jim Willie author of the newsletter on QE3 and the sweeping effects that it will have on gold, silver, commodities, and the broader market. Additionally, Josh and Jim discuss the Feds underlying motives and the truly evil acts that are being perpetrated and what is the end game for the Fed.

Indian stock exchange hit by mini flash crash (westcoastjan)

Glitches caused by automated trading programs are still fresh in many people’s minds. Just this week, Kraft Foods jumped 29 per cent right after the market opened, only for investors to realize it was caused by computer error.

Greek PM says can't manage beyond November without next aid tranche (jdargis)

"I could also imagine the recapitalization of Greek banks as is being considered for Spain, which would be not accounted for on its state debts but carried out directly via the ESM. That would be a significant relief," said Samaras.

The Plot Against Occupy (jdargis)

Before 9/11, German says, the FBI would have considered the idea of advancing terrorism plots just to defuse them as "laughable. But what was justified as an emergency method has become a normalized part of regular criminal-justice work." All too often, agents rely on informants who pump up criminal plans to comic-book-villain proportions. It's a tactic that's been used repeatedly to convict Muslims of being domestic Islamic terrorists, like the four men in Newburgh, New York, convicted in 2010 of a plot to shoot down military jets – a plot engineered by an informant who provided them with a fake Stinger missile.

Why Your Car Isn't Electric (westcoastjan)

There are plenty of reasons Americans should have adopted electric cars long ago. Early E.V.’s were easier to learn to drive than their gas cousins, and they were far cleaner and better smelling. Their battery range and speed were limited, but a vast majority of the trips we take in our cars are short ones. Most of the driving we do has been well within the range of electric-car batteries for decades, says David Kirsch, associate professor of management at the University of Maryland and the author of “The Electric Vehicle and the Burden of History.” We drive gas-powered cars today for a complex set of reasons, Kirsch says, but not because the internal-combustion engine is inherently better than the electric motor and battery.

China firm sues Obama over blocked US wind farm deal (jdargis)

Issuing the order last week, the White House said: "There is credible evidence that leads me to believe that Ralls Corporation... might take action that threatens to impair the national security of the United States."

Global Resources Stock Check (westcoastjan)

If we fail to correct current consumption trends, then when will our most valuable natural resources run out?

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."

1 Comment

saxplayer00o1's picture
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4297
$1.4 trillion in pension fights foreshadowed in RI

$1.4 trillion in pension fights foreshadowed in RI

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