Daily Digest

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Daily Digest 4/23 - Americans 'Snapping' By The Millions, Living On $1

Tuesday, April 23, 2013, 2:18 PM

Economy

Why the Peak Resource Crowd Is Wrong (Phil H.)

“Then you’ll see that green energy is cheaper than fossil fuels and you’ll have more money in your pocket because of the tax on fossil fuels,” says Naam, who prefers the carbon tax to cap and trade.

He says renewable fuels are actually very competitively priced already compared to nonrenewable fuels, though many people don’t realize that.

The Only Chart Required To 'Price' US Stocks (Phil H.)

The world remains transfixed in the belief that the Federal Reserve can 'prime' the economic pump one more time via monetizing trillion-dollar deficits ad nauseum, inflate its balance sheet to unprecedented levels, and still successfully exit from this largesse leaving behind a 'better' place for mankind. Judging by crescendo of cognitive dysfunction, the nominal price level of US equities can dismiss current weakness since we just have to wait a little longer (and print a little moar) and the old normal growth will rise phoenix-like from the ashes of our post-debt-super-cycle world.

Gold And Silver Physical Market And Inventory Update From The Source: "In A Word, Ugly" (Kevin J.)

As you all know, it has been a remarkable (and historic) week in the metals market, with metals prices falling precipitously. In the past two weeks, we have sold over 350,000 ozs of silver and 11,000 ozs of gold, which (as you can tell from our website) has placed an enormous strain on inventory levels, not to mention our loyal staff. As of today, we are completely sold out of silver. The purpose of this letter is to update you on inventory levels and the state of the physical market from our vantage point.

Living On One Dollar (Dan E.)

Four young friends set out to live on just $1 a day for two months in rural Guatemala. Do they have what it takes to survive life on the edge?

Americans'Snapping' By The Millions (Nervous Nelly)

What on earth is going on? Why isn’t medical science – and for that matter all of our incredible scientific and technological innovations in every area of life – reducing our stress and lightening our load? Why doesn’t the almost-magical availability of the world’s accumulated knowledge, thanks to the Internet, make us more enlightened and happy? Why is it that, instead, more and more of us are so stressed out as to be on a collision course with illness, misery, tragedy and death?

Activists fear large death toll near Damascus (jdargis)

The Local Coordination Committees, another activist group, said the death toll was 483 and that most of the victims were killed in Jdaidet Artouz. State-run news agency SANA said Syrian troops "inflicted heavy losses" on the rebels in the suburbs.

MF Global Trustee Sues Corzine Over Firm’s Collapse (jdargis)

The lawsuit echoes a report Mr. Freeh issued this month that blamed MF Global executives for engineering a “risky business strategy” and ignoring “glaring deficiencies” in internal controls. The report and the lawsuit also blamed the executives for allowing more than $1 billion in customer money to disappear from the firm.

Gold & Silver

Click to read the Gold & Silver Digest: 4/22/13

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
rhare's picture
rhare
Status: Diamond Member (Offline)
Joined: Mar 30 2009
Posts: 1323
Sounds easy... NOT!
Ramez Naam in Article Why Peak Resource Crowd is Wrong wrote:

Half of a percent of the earth’s land area would be enough to capture all the energy we need without any carbon emissions, without climate change.

Only 1/2 a percent of the earths land area, wow, lets just get too it.  Let's see that's 287,528 sq. miles or about 2.5 times the size of NM, or for the Easterner's here, about 27 times the size of Massachusetts.

If we use PV, a current Sharp commercial 300W solar panel is 21.07 sq. ft.  So that's 380,437,617,237 (380 billion solar panels (27,878,400 sq ft/sq mi * 287,528 sq mi / 21.07 sq ft).

Hmm, might be a problem since each panel takes about 1oz of silver to produce, not to mention all the other materials.  Of course he didn't say PV, so you might use solar power towers or other forms of concentrating solar, of course you still have all materials and that mighty large land area that might need to be used for other things.

There is also the time to do so.  Total PV deployments in the world are about 102,024 MWp. That means we need 1,117 times more than is already deployed.  At the rate we installed PV last year, thats only 3,844 years!

Anyway, I think the point is this guy is completely whacked if he thinks this could ever be done.  This is just as bad as all the people saying the US will be energy independent.  It's setting up dangerous expectations.  We will either be living on less energy, find a high density new source, or have a lot lower population.
 

 

 

 

earthwise's picture
earthwise
Status: Platinum Member (Offline)
Joined: Aug 10 2009
Posts: 846
Thanks for the calcs....

...rhare, but you coulda saved yourself the time by just turning on your BS meter. Mine spotted that turd real quick!

LogansRun's picture
LogansRun
Status: Diamond Member (Offline)
Joined: Mar 18 2009
Posts: 1443
Thank you rhare! It's amazing

Thank you rhare!

It's amazing how these yahoo's never take all resources into account when doing their calculations.  

The idea of living in "today" is absolutely lost on most.  Robots may rule the world one day, but humans have to survive long enough to develop that structure.....which is doubtful that they'll live long enough to create a world of that sort.  More than likely, they'll destroy the world before getting to the point of creating Utopia.  

Then again, the ultimate goal of the elite is to destroy the masses, so they can create Utopia for themselves.  Plus, the avg. citizens that live through the destruction, will become their slaves.  

Cheers!

 

rhare wrote:
Ramez Naam in Article Why Peak Resource Crowd is Wrong wrote:

Half of a percent of the earth’s land area would be enough to capture all the energy we need without any carbon emissions, without climate change.

Only 1/2 a percent of the earths land area, wow, lets just get too it.  Let's see that's 287,528 sq. miles or about 2.5 times the size of NM, or for the Easterner's here, about 27 times the size of Massachusetts.

If we use PV, a current Sharp commercial 300W solar panel is 21.07 sq. ft.  So that's 380,437,617,237 (380 billion solar panels (27,878,400 sq ft/sq mi * 287,528 sq mi / 21.07 sq ft).

Hmm, might be a problem since each panel takes about 1oz of silver to produce, not to mention all the other materials.  Of course he didn't say PV, so you might use solar power towers or other forms of concentrating solar, of course you still have all materials and that mighty large land area that might need to be used for other things.

There is also the time to do so.  Total PV deployments in the world are about 102,024 MWp. That means we need 1,117 times more than is already deployed.  At the rate we installed PV last year, thats only 3,844 years!

Anyway, I think the point is this guy is completely whacked if he thinks this could ever be done.  This is just as bad as all the people saying the US will be energy independent.  It's setting up dangerous expectations.  We will either be living on less energy, find a high density new source, or have a lot lower population.
 

 

 

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4065
APMEX...Silver Eagles now up to $8.99 over spot

Link

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Keeping it Unreal.

 

David Stockman was the weekly guest on the McAlvany report. What struck me was how abstract his view of Reality is.

Not a mention of real events such as the Limits to Everything. While he is obviously intelligent, Stockmans thoughts have been so immersed in abstractions that they have become real to him. In the same way, many mathematicians succumb to believing that their mathematical objects are real..

Meditation would help.

robie robinson's picture
robie robinson
Status: Diamond Member (Online)
Joined: Aug 25 2009
Posts: 1148
mathmatics

I postulate that mathmatics is the only reality god didn't say "Let there be light" instead it said"Let there be(Maxwells equation for EM propogation)

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