Daily Digest

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Daily Digest 4/16 - Cyberattacks Targeting Smaller Companies, Libya Could Supply Europe with Solar Power

Tuesday, April 16, 2013, 11:24 AM

Economy

The Next Phase in the Precious Metals Bull Market (adam)

Before getting into the nitty-gritty data, let's quickly brush up on our physics by understanding the difference between potential and kinetic energy. An object at the top of a hill has stored energy as it rests. However, as the stored energy is released when gravity acts upon the object, the stored energy becomes kinetic (active) energy. The energy in a drawn bow before an arrow is released is another example of potential energy (stored); releasing the arrow transforms the arrow's potential energy into its kinetic energy (active energy, or the arrow's flight).

Everyone Should Be Thrilled By The Gold Crash (Nervous Nelly)

Conversely you have critics who slam the arrogance of economists and central planners, and who have predicted that all of this economic acrobatics would result in an economic collapse, hyperinflation, and an explosion in the price of gold. Gold is important to their worldview, because it represents a quasi-money that's not tied to any government or central bank.

IMF downgrades global growth forecast again (Nervous Nelly)

The IMF expects the U.S. economy to expand 1.9 per cent this year. That's below its January estimate of 2.1 per cent and last year's U.S. growth of 2.2 per cent. Still, the IMF says the U.S. economy should expand 3 per cent in 2014.

As for Canada's economy, the IMF expects it will likely slow to about 1.5 per cent this year from 1.8 last year, before picking up to 2.4 per cent in 2014.

Crocodile Dundee star Paul Hogan’s financial advisor has disappeared with $34-million in Australia’s ‘largest tax evasion scheme:’ reports (westcoastjan)

Prior to 2005, officials spent years investigating Egglishaw and his clients, which include Hogan and his partner John ”Strop” Cornell. After years of legal battles, Hogan and Cornell agreed to a confidential settlement with the tax office over tax evasion claims at that time.

Cyberattacks, corporate espionage now targeting smaller companies (westcoastjan)

While traditional cybercriminals sought information that could be used to profit from identity theft, many attackers now have a different motivation: "We're seeing a lot of what we believe is corporate espionage or espionage of some sort or other."

What isn't clear, O Murchu said, is who is behind the attacks.

What Does the Recent Fall in the Price of Gold 'Prove?' (adam)

I will take an aside, and say that the claims that monetization are not yet causing inflation proves nothing. All that proves is that one can give wheelbarrows of money to their friends to prop up their bad debts, as long as the friends keep the money in their own bank and trading accounts. The first result will be bubbles in financial assets, and the accumulation of wealth in a narrow segment of the target population.

Energy

Never Mind Oil, Libya could Supply Europe with Solar Power (James S.)

It’s not often one hears about Libya’s energy portfolio outside of oil and gas. Since the discovery of oil in 1959, Libya’s economic progress has been driven by hydrocarbon profits. Typically, oil and gas wealth has represented up to 90% of Libya’s income. Nonetheless, renewable energy has been a part of Libya’s energy policy since the 1970’s. Libya’s Center for Solar Energy Research and Studies was established in 1978. In 2007, Libya also created the Renewable Energy Authority. The Authority’s Planning and Studies Department was working on structured plans for balancing renewable and traditional energy sources as recently as 2011.

Environment

Grantham: It's Too Late For The Dodo Bird, But It's Not Too Late To Stem The Environmental Crisis (Jason C.)

It's data driven. We [the Grantham Foundation for the Protection of the Environment] were gracefully moving into the environment, save these animals and habitats, and all these good things, then the data on resources - starting about four years ago – made me realise that some of these were really urgent. That we were already entering a food crisis, for example. This time last year I thought it was clear from the data that we were already five years into a food crisis and it is highly unlikely to go away. And unless we get our act together it is likely to become a cascading problem.

Gold & Silver

Click to read the Gold & Silver Digest: 4/15/13

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4065
Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Two for the environment
There's Only One Real Option for Averting Economic and Ecological Ruin
Humanity is at a crossroads. Since the Industrial Revolution, cheap and abundant energy has fueled constant economic growth. The only real discussion among the managerial elite was how to grow the economy—whether in planned or unplanned ways, whether with sensitivity to the natural world or without.
 
Now the discussion must center on how to contract. So far, that discussion is radioactive—no one wants to touch it. It’s hard to imagine a more suicidal strategy for a politician than to base his or her election campaign on the promise of economic contraction. Denial runs deep, but sooner or later reality will expose the delusion that endless growth is possible on a finite planet.
 
 
 

 Coal and cattle lead business damage to nature - study

OSLO (Reuters) - Coal-fired power generation in Asia and cattle ranching in South America are the most damaging businesses for nature with hidden costs that exceed the value of their production, a U.N.-backed report said on Monday.

(North American coal burning is #3)

http://news.yahoo.com/coal-cattle-lead-business-damage-nature-study-085211500.html

 

 
 

 

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1148
Its depressing

for me to see cattle and coal with such a relationship. properly managed ruminants could change this globe for the...

 

 this has been around before

 

 

MarkM's picture
MarkM
Status: Platinum Member (Offline)
Joined: Jul 22 2008
Posts: 837
Hmm

 A renewable resource powered by sunlight and a non-renewable source of stored sunlight. Surely one is being misused for them to be lumped together.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4065
Three-fold increase in demand for Gold: Jewellers (India)

(This first one has been sent to the Daily Digest for tomorrow):

Three-fold increase in demand for Gold: Jewellers

Here is the link for APMEX silver (a lot of these are sold out)

 

Not a very reliable link, but these types of stories are starting to show up.

Organic Raw Veggies's picture
Organic Raw Veggies
Status: Bronze Member (Offline)
Joined: Jul 24 2012
Posts: 49
Coal and cattle

They are saying eat less meat (that you didn't grow on your own land). Eat less corporate meat. The US probably buys much of the South American meat. I think the meat centered diet is the number one environmental issue (more devastating the fossil fuels). Look how many people who call themselves environmentalists think nothing of eating meat. They will drive their Prius to Burger Pawn. Tear all the rainforest down for cattle ranches so ConAgra can sell people pink slime. (Alzheimer's, Creutzfeldt–Jakob CJD disease)

Simple first step to changing the world is eat less meat (no meat preferably or only on one day per year). Even 10% reduction in adults meat consumption is very meaningful. Thank you to all you non-meat eating members of this website. If I wanted to eat meat I would but I don't want to. I might start eating groundhogs if they mess with my spinach. I hear they are tough and gamey.

I have 100% green option for my electric. It only costs a little more. The other options are 50-98% coal. We had 100% biomass once a few years back. Poop powered. Power companies are consolidating and changing rules. Coal puts mercury in the air. Of course tuna has high levels of mercury. Mercury is probably related to the increase in child disorders, especially boys, autism, ASD, etc. and many other weird illnesses cropping up. Tuna gets the mercury from smaller fish. 

The list could go on and on for negative consequences of cattle and coal. Now if we could only figure out how to turn mercury into gold. Any Alchemists here? 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2766
Yeesh!

$5.50....$6.50...$7.50 over spot!

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