Daily Digest

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Daily Digest 6/22 - Uncertainty at Fed Over Stimulus Plans, Drug Crops In CA Threaten Wildlife

Saturday, June 22, 2013, 11:15 AM

Economy

Fewer hospital beds; doctors warns of risks of more cuts (Alan W.)

The Athens Medical Association issued a statement saying that EOPYY’s mounting debts have “resulted in the financial collapse of clinical and laboratory doctors and technicians, who remain unpaid and are now struggling to keep their practices and businesses open.”

Hold Physical Gold And Silver – The End Is Near; Just Not In Sight (Taki T.)

Gold and silver are wealth preservers and wealth creators, from out perspective, and that is the sole purpose for accumulating the physical, at any price, as we have been stating. Why recommend buying the physical when its price has been dropping steadily? At some point, you either will not e able to buy it at prices under $1,900 and $50, respectively, or the government may [likely] intervene and make it near impossible to buy without having to submit to close scrutiny/registration, maybe even make it illegal.

Spoils of the Sea Elude Many in an Alaska Antipoverty Plan (jdargis)

Collectively, the groups created tens of thousands of jobs and scholarships in one of the poorest regions of the nation. But critics say that community development, over time, got lost in a push toward institutional sustainability — and in some cases lavish salaries for leaders. Deregulation became self-regulation with a board of overseers appointed by the groups themselves the only real watchdog in recent years.

Europe Fines Drug Companies for Delaying Generics (jdargis)

The scale of savings in Britain helped to ensure that “public health systems can remain economically sustainable in these times of difficult budgetary constraints,” Mr. Almunia said. Peter Kaplan, a Federal Trade Commission spokesman, would not comment on the European decision, but he indicated that officials had been coordinating on the issue of drug pricing. “F.T.C. staffers have had productive policy discussions with their counterparts in the E.U. on the pay-for-delay issue, which is a longstanding enforcement priority at the F.T.C.,” Mr. Kaplan said.

The Tiny, Random Errors That Can Kill (jdargis)

It’s a messy, uncertain world on the cellular level, and it can have grave consequences: Because of these tiny changes on the microscopic scale, we don’t know how what flu virus will mutate and jump to humans, and we don’t know who will develop AIDS and who will live to a ripe old age with HIV. The messiness of mutation is also part of why we can’t know what species, including our own, will be like millennia from now. We’ll just have to wait and see how the future unfolds.

Uncertainty at Fed Over Its Stimulus Plans and Its Leadership (jdargis)

But that message has been muddled recently by conflicting pronouncements about the duration of the asset purchases from several of the 19 Fed officials who help make policy. Mr. Bernanke contributed to the confusion by telling Congress last month that the Fed might begin to reduce the pace of its purchases this year — but might not — while avoiding any clear account of how the central bank would make such a decision.

Obama Readying Emissions Limits on Power Plants (jdargis)

In a speech in Berlin on Wednesday, Mr. Obama echoed his assertive talk on climate policy since his re-election, talk that some climate advocates have criticized as going beyond his actions. He said the United States and the world had a moral imperative to take “bold action” to slow the warming of the planet.

Marijuana Crops in California Threaten Forests and Wildlife (jdargis)

And local and state jurisdictions’ ability to deal with the problem has been hobbled by, among other things, the drug’s murky legal status. It is approved by the state for medical uses but still illegal under federal law, leading to a patchwork of growers. Some operate within state rules, while others operate totally outside the law.

Gold & Silver

Click to read the Gold & Silver Digest: 6/21/13

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

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
Fact Or Fiction: Financial Sector Ready To Ruin World Again

From "The Onion" comes another piece of satire that's so close to the truth its both hilarious and sad at the same time: "Fact or Fiction: Financial Sector Thinks Its About Ready To Ruin World Again", at http://www.zerohedge.com/news/2013-06-22/fact-or-fiction-financial-sector-thinks-it%E2%80%99s-about-ready-ruin-world-again

“It’s been about five or six years since we last crippled every major market on the planet, so it seems like the time is right for us to get back out there and start ruining the lives of billions of people again,” said Goldman Sachs CEO Lloyd Blankfein. “We gave it some time and let everyone get a little comfortable, and now we’re looking to get back on the old horse, shatter some consumer confidence, and flat-out kill any optimism for a stable global economy for years to come.”

“People are beginning to feel at ease spending money and investing in their futures again,” Blankfein continued. “That’s the perfect time to step in and do what we do best: rip the heart right out of the world’s economy.”

westcoastjan's picture
westcoastjan
Status: Platinum Member (Offline)
Joined: Jun 4 2012
Posts: 571
flooding news from Canada

Just returned home from a one week vacation with family only to find out about the flooding in Calgary and area. With cell phones turned off we were oblivious to the world. Below is a video from near my brother's house in the foothills west of Calgary. The water is normally a good 20 feet lower than this bridge, which is the only access to where he lives. If the bridge goes a lot of people will be stranded. He has a second home in the city near downtown, and it is likely both are flooded. Ten of eighteen family members, including some small children cannot return to their homes post vacation due to evacuation orders and highways being washed out. This flooding is off the scale in so far as anything we have ever seen. I am fine where I am as I am far away from this situation on the coast, but I have many friends and relatives in the Calgary region and I am very concerned for them. I know no one who preps the way I do, but it made me think that the preps do no good when one is away from home...it does not matter if they had lots of food, generators etc. If you can't access them, you are in a bad situation just like everyone else. I guess it reinforces the necessity of being able to depend on others to help you out when things get bad. It is heartening to see how people are organizing help for those affected. There is more info on the floods at cbc.ca

http://www.huffingtonpost.ca/2013/06/20/bragg-creek-flooding_n_3475774.html

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Bill Black on Correra

http://fromalpha2omega.podomatic.com/entry/2013-06-22T02_33_39-07_00

It is dangerous to be right in matters on which the established authorities are wrong.

Voltaire.

From Cold Fusion Now.

I guess that we may not mention "that which may not be named" with regard to the Canadian floods, or the Indian Floods.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Market value of silver.

For the true market price for silver go to eBay. Type in "1Kg silver bar" into their search engine.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Market value
Arthur Robey wrote:

For the true market price for silver go to eBay. Type in "1Kg silver bar" into their search engine.

If I did the math right, that's a range of $37 to $43 per ounce.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Market value
Arthur Robey wrote:

For the true market price for silver go to eBay. Type in "1Kg silver bar" into their search engine.

If I did the math right, that's a range of $37 to $43 per ounce.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Market value
Arthur Robey wrote:

For the true market price for silver go to eBay. Type in "1Kg silver bar" into their search engine.

If I did the math right, that's a range of $37 to $43 per ounce.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Putch in the tea-room.

About an 86% arbitrage.

Buying silver from the Mint and selling it on eBay scores an 86% return on investment.

Which begs the question, why is the Perth Mint not selling their junk on eBay? Are they stupid or what?

That depends on who you think the Perth Mint is. Is it the institution or is it a collection of employees?

If you were an employee of the Perth Mint would you suggest loudly that the Perth Mint sell their stuff on eBay?. I think that such Naivity would attract some very dark glances from around the tea-room. (And beyond)

Edit: Assume a two week delay in moving the silver on eBay. We get 86% compounding every 2 weeks. Not too shabby.

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