Daily Digest

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Daily Digest 4/7 - A Modern Peak Oil Theory, The Ethereal Future Of Battle

Sunday, April 7, 2013, 12:43 PM

Economy

Boomtown 2: Taxpayers Have Spent $15 Trillion On 'War On Poverty' (Dana T.)

"Boomtown 2” also discussed how companies that administer Electronic Benefits Transfer (EBT) cards profit when the welfare rolls swell. Since 2004, for example, JP Morgan, which donated $808,799 to Barack Obama in 2008, has made at least $560,492,596 running EBT programs for 18 states.

Investigation Reveals Trillions Hidden in Tax Havens (Arthur Robey)

Bill Black: An international collaboration of investigative journalists has released the names of wealthy individuals stashing as much as three times the American GDP in tax havens.

Electronic warfare: The ethereal future of battle (westcoastjan)

This video may sound like the opening of an apocalyptic movie, but the brief clip was created as part of a US Navy game called MMOWGLI, an acronym for the unwieldy sounding Massive Multiplayer Online Wargame Leveraging the Internet. The crowdsourcing game, which was run by three elements of the US Navy – the Navy Warfare Development Command, the Office of Naval Research and the Naval Postgraduate School—invited players to help develop ideas for how the navy could prepare for this brave new world of electromagnetic warfare, where enemies use invisible, and often untraceable weapons, that can theoretically disable everything from satellites and computers to radar and aircraft.

RBC replaces Canadian staff with foreign workers (westcoastjan)

"There are a lot of angry people," Moreau told Go Public. "A lot those people are in their late 50s or early 60s. They are not quite ready for retirement yet, but it may be very difficult to employ them."

Moreau will get a severance package, but expects it won’t last long.

Bond bull David Rosenberg is losing his comfort zone (westcoastjan)

Bonds of all types, including credit, and yield plays within the equity market made perfect sense. All the more so with inflation so low, cash rates at 0% and the output gap so large and seemingly incapable of ever closing since this is so far the weakest GDP recovery on record.

Overdraft is another way banks win and you lose (westcoastjan)

A study from Lake Bluff, Illinois-based Moebs Services found that being in an overdraft position made a comeback in 2012 after the U.S. government passed legislation back in 2010 that made it more difficult for banks to offer the service to consumers.

Energy

I Need Brains (And A Little Oil) (Arthur Robey)

This weeks guest is KMO, host of the C-Realm and Z-Realm podcasts, and the author of ‘Conversations on Collapse’. We talk at length about Zombies, Vampires and the Apocalyptic Collapse meme. We also discuss his experiences living on a former commune in Tennessee, his recent move to the sprawling metropolis that is New York City, and his thoughts on the Occupy movement.

Uncharted Territory: A Modern Peak Oil Theory (MAV)

Over the past decade, a strange thing has taken place. Oil demand has declined in developed nations, almost across the board. U.S. demand peaked in 2005, Japan in 2003, and Germany way back in 1998. For Europe as a whole, the peak was in 2006.

Gold & Silver

Click to read the Gold & Silver Digest: 4/4/13

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."

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