Daily Digest

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Daily Digest 5/30 - Wine Country Faces Fiscal Crisis, Drought Emaciates Cattle In NM

Thursday, May 30, 2013, 10:49 AM

Economy

Back to Basics – Gold, Silver, and the Economy (GE Christenson)

Gold, silver, and the national debt have increased exponentially since Nixon severed the link between the dollar and gold in 1971. All three will continue to rise. Gold and silver will occasionally rally too far and crash, while the national debt will increase until politicians no longer enjoy spending other people’s money.

"Major Shocks Will Become The Norm From Now On" (westcoastjan)

I think people could benefit by keeping a closer eye on what the smart money is doing and how they’re doing it. I get lots of questions from people about the direction of the market and if the short and mid-term is going to go lower, is it going to do this or that. But nobody knows the answers to those questions. You can only look at what the smart money is doing and somewhat reflect that into your own life. So at this point the smart money owns tons of gold. They own the mining shares also, and they’re adding to their positions in a very significant way. I think they’re adding to positions with long-term expectation, and thus I think by focusing on the long-term and by focusing on what the smart money is doing, can really help people.

US targets digital currency in huge fraud probe (Arthur Robey)

The Costa Rica-based entity, which operates a hugely popular online currency system outside of the control of national governments, is charged with running a "$6 billion money laundering scheme and operating an unlicensed money transmitting business," the US Attorney's office for New York said.

OECD: Europe's Recession Threatens Entire Global Economy (Nervous Nelly)

The U.S. economy will continue to outpace Europe, the OECD said, with growth of 1.9 percent in 2013 and 2.8 percent in 2014. For global gross domestic product, the OECD forecasts an increase of 3.1 percent for this year and 4 percent for 2014.

Noting that eurozone policymakers have "often been behind the curve," the OECD warned that Europe was still beset by "weakly capitalized banks, public debt financing requirements and exit risks."

‘A disaster in slow motion’: Wine country latest California region to face fiscal crisis (westcoastjan)

Sonoma may be known for its wine, and for a burgeoning artisanal food scene, and for its lush, rural landscapes and great weather — all of which have attracted growing numbers of retirees, long-distance commuters and international tourists. But Sonoma County is struggling with the same type of government financial crisis that has driven California cities such as Stockton and San Bernardino into bankruptcy.

How Islamist militancy threatens Africa (westcoastjan)

Militants and armed radical groups have expanded and entrenched their positions throughout the Sahel and Sahara over the last decade under the umbrella of al-Qaeda in the Islamic Mahgreb (AQIM).

China's dead pig scandal ushers in hard times for fishermen and hog farmers (VeganD)

Zhao’s cleaning job started early last year when local authorities hired fishermen to clean already polluted waterways. She called the work “tough” and said she had witnessed the decline of the environment in the last two decades. Pig manure and carcasses were a familiar sight in the waters.

Portland, Maine Doctor Forgoes Insurance To Provide Affordable Care To Community (Amanda)

Dr. Michael Ciampi changed the policy in his office on April 1 of this year, knowing that he would be better serving his patients by not being told what to do by insurance companies and government health care systems. The doctor has posted prices of office visits and procedures on the website of his practice. What would seem astronomical, $150 for an office visit, is actually cheap if one considers how much is paid for health insurance in premiums each year.

GMO lose Europe – victory for environmental organisations (Amanda)

“This is not surprising, knowing that BASF stopped its biotech research in Europe in 2012 and Syngenta moved its research years before. It will influence the international expansion of GMOs on a global scale,” comments Klaus Sall MSc.

Weather disasters increasing, insurance industry warns (westcoastjan)

"The numbers would indicate the possibility is becoming more the reality. We've seen a change in weather patterns … the experts that we've consulted say that we can expect more severe weather across the country," he said Wednesday following a speech to the Calgary Chamber of Commerce.

GM salmon can breed with wild fish and pass on genes (westcoastjan)

Ron Stotish, CEO of AquaBounty Technologies Inc, said: "It is worth noting that in 1995, Peter Galbreath and Gary Thorgaard of Washington State University published research that the Atlantic salmon-brown trout hybrid is sterile. If this holds true, such a hybrid would pose little ecological threat as the fish would not reproduce.

Oops: Europe’s green mandates have resulted in more imported coal and wood consumption (Wendy SD)

Solar and wind couldn’t meet the latter goal, policy makers recognized. They said wood qualified as a renewable energy source as long as it came from forests that would grow back. Emissions from burning wood contain less of certain chemicals, such as sulfur, than coal smoke.

Harper government nixed reviews for some oil sands projects following warnings of water disruption (westcoastjan)

Expansion of conventional oil sands mines, which use large amounts of water and energy to extract the heavy oil, still require federal assessments even under changes proposed by the federal government.

Corn Growers Turn to Pesticides After Genetically Modified Seeds Fail (Amanda)

Even though $2 corn was a reality as recently as 2005, they see too many competing uses for their product to be gloomy about the future. Beverages, high fructose corn syrup, starch, cereals and sweeteners are among uses of corn in food. Corn-fed beef, poultry, pork and dairy are its principal feed uses. And then on the fuel front ethanol demands are around 500 million bushels of corn.

In China, 'cancer villages' a reality of life (Dana T., Nervous Nelly)

"I don't want to stay in this house. I don't want to sleep here at night," she says. "My husband was the pillar of the family and when he died it was like the pillar of our house collapsing. Then my son was taken too."

Taken 10 years apart by cancer.

Officials: NM ranch had 1,000 emaciated cattle (drbost)

Evans indicated he was aware of the situation and reasoned that dry weather, and drought conditions, along with his wife's recent passing were all contributing factors to his inability to properly provide nourishment to livestock," Allen wrote.

Gold & Silver

Click to read the Gold & Silver Digest: 5/29/13

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."

8 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
BOJ to Make More-Frequent Bond Purchases
 
 
 
 
Just a couple of headlines:
 
 
 
 
Doug's picture
Doug
Status: Diamond Member (Online)
Joined: Oct 1 2008
Posts: 3158
Whine country?

Wait, I'm supposed to be concerned about California's wine country, goodies source for the rich and famous, when Appalachia has been in depression for 40 years or more?  Give me a break.

Doug

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2830
BOJ to Make More-Frequent Bond Purchases
saxplayer00o1 wrote:
Just a couple of headlines:
 

Yeah, like hourly.  This whole things gonna go all at once.

Poet's picture
Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1891
Do The Math (It Doesn't Add Up), Presentation By Grant Williams

Cross-posted earlier in Our Future's In the Hands of the World's Central Banks.

Why are stocks/equities are so high when all the economic general indicators are collapsing? Check out this video. Well worth watching at least several minutes of. Covers China, France, gold prices, etc.

Do The Math (May 24, 2013 on YouTube)
"My recent presentation to the 66th Annual CFA Conference in Singapore in which I discuss the disconnect between financial markets and mathematical reality."
http://www.youtube.com/watch?feature=player_detailpage&v=Osq1yxSFVG0#t=405s

Link above is to the presentation starting at 6 minutes, 45 seconds, when the actual presentation starts after a loooooong preamble. Actual full link is below (recommend skipping to the above starting point mentioned):

Poet

Mots's picture
Mots
Status: Silver Member (Offline)
Joined: Jun 18 2012
Posts: 196
Russia Warns Obama: Monsanto

"Russia Warns Obama: Monsanto"   This is a completely fictitious article.  Did not happen.  Wish it did.  This blog site has much entertainment in it.  Should acknowledge such instead of dressing up as intellectual truth.

Mots's picture
Mots
Status: Silver Member (Offline)
Joined: Jun 18 2012
Posts: 196
Russia Warns Obama: Monsanto

"Russia Warns Obama: Monsanto"   This is a completely fictitious article.  Did not happen.  Wish it did.  This blog site has much entertainment in it.  Should acknowledge such instead of dressing up as intellectual truth.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
Japan Halts Some U.S. Wheat Imports on Gene-Altered Crops

"Japan, Asia’s second-largest wheat buyer, suspended some imports of the grain from the U.S. after the discovery in an Oregon field of gene-altered crops developed by Monsanto Co. (MON) that never won approval for consumption.

Japan halted imports of western-white wheat and feed wheat from the U.S., and canceled a plan to buy 24,926 metric tons of western-white wheat in an import tender today, said Hiromi Iwahama, director for grain trade and operation at the Ministry of Agriculture, Forestry and Fisheries. The action is aimed at preventing unapproved crops from entering the food chain, he said today in a telephone interview. "

 

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5727
Mots wrote: "Russia Warns
Mots wrote:

"Russia Warns Obama: Monsanto"   This is a completely fictitious article.  Did not happen.  Wish it did.  This blog site has much entertainment in it.  Should acknowledge such instead of dressing up as intellectual truth.

 

Yep. good catch.  That articledoes not  pass the sniff test.  I tried to google any confirming sources and could not do it, even went so far as to try and locate the alleged minutes from the kremlin.ru website but could find no such things.

I always wonder why people just make stuff up...either they are that hungry for attention or their belief systems have them that befuddled.  Or they are paid to muddy things up.  I guess that's always a possibility too.

In any case, nothing admirable going on there.

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