Daily Digest

Image by kiwanja, Flickr Creative Commons

Daily Digest 8/8 - Increased Grazing Improves Soil, The Downside Of Living Longer

Thursday, August 8, 2013, 9:48 AM

Economy

Martin Armstrong: Dow May Double by Late 2015 (Adam)

In this special interview, Jim Puplava sits down with Martin Armstrong, the esteemed global investor and creator of the widely-cited Economic Confidence Model (see image below), to address a number of myths floating around in the financial community.

CRA cracking down on middle-income tax cheats (westcoastjan)

reports released under the Access to Information Act, requested by The Canadian Press. The “underground economy,” or commercial activity that is unreported for tax reasons, was worth an estimated $38-billion in 2008, according to Statistics Canada.

Sweeping offshore tax-evasion probe that targets thousands to give feds access to Canadian information Massive offshore tax haven account leak includes names of 450 wealthy Canadians Recent CRA initiatives, such as the High Net Worth (HNW) Project, or the Related Party Initiative, focused on high net worth individuals ($50-million-plus) who may control or have significant interests in a large number of entities.

Americans Would Rather Be Skinny Than Debt-Free (westcoastjan)

In a similar vein, 43 percent of those surveyed agreed with the statement: "How much I weigh is more important than how much debt I have."

The pension downside of living longer (westcoastjan)

Life annuity payouts, for instance, depend on prevailing long-term interest rates, age, gender, as well as longevity expectations. Longer expected lives mean a smaller monthly payout, all other things being equal.

Silver: The Noise is Deafening! (GE Christenson)

I turned bullish on silver back in 2003. I knew it was too high in April 2011 and due to correct. I thought the correction low occurred in June 2012 at about $26. Oops – it happens. When elephants fight, the grass gets trampled. When the bullion banks, central banks, the Powers-That-Be, and politicians pursue an agenda (such as levitating the S&P and pushing gold lower) the rest of us can be crushed.

Sorry, It's Not A 'Law Of Capitalism' That You Pay Your Employees As Little As Possible (westcoastjan)

If average Americans don't get paid living wages, they can't spend much money buying products and services. And when average Americans can't buy products and services, the companies that sell products and services to average Americans can't grow. So the profit obsession of America's big companies is, ironically, hurting their ability to accelerate revenue growth.

GDP Growth must Slow as Oil Limits are Reached (James S.)

When the cost of extraction begins to rise, it is as if we are pouring more manpower and more resources of many types (steel, fracking fluid, jet fuel, electricity, diesel fuel) into a deep pit, never to be used again. When we put more resources in, we get the same amount of resource out, or even less than in the past. If we want to continue to increase the amount we extract, we have to further increase the quantity of resources used in extraction. I have referred to this issue as the Investment Sinkhole problem. Obviously, if we put more manpower and other resources into this pit, we have less for other purposes.

Increased grazing helps improve soil (westcoastjan)

A few miles west of the Kansas border in Yuma County, Colo., the land stretches north and south along a band of the Arikaree River, a tributary of the Republican River. The ranch, owned by the Nature Conservancy and leased to local rancher Nathan Andrews, is part of a grand experiment. Researchers are putting in practice something called holistic management, or planned grazing.

Gold & Silver

Click to read the Gold & Silver Digest: 8/6/13

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."

6 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
treemagnet's picture
treemagnet
Status: Gold Member (Offline)
Joined: Feb 13 2011
Posts: 344
Oh good....

another web blog about what others should do versus what they do......and since it comes from Henry Blodget.....seriously?   I'm referring of course to the bit about employee pay rates, etc.  Blodget?  Wow.  Didn't see that coming.  Google this loser and consider the source - people don't want to pay more than they have to, customers or employers.  The fact that Spitzer was attorney general is just a gift in this delicious irony and utter farce. 

 

In 2002, then New York State Attorney General Eliot Spitzer published Merrill Lynch e-mails in which Blodget gave assessments about stocks which allegedly conflicted with what was publicly published.[5] In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission.[6] He agreed to a permanent ban from the securities industry and paid a $2 million fine plus a $2 million disgorgement.[7]

 

westcoastjan's picture
westcoastjan
Status: Platinum Member (Offline)
Joined: Jun 4 2012
Posts: 561
uh oh...

http://www.cbc.ca/player/News/ID/2399857652/

So much for hiding our money... frown

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
U.S. Fed balance sheet grew in latest week

"The Fed's balance sheet liabilities, which are a broad gauge of its lending to the financial system, stood at $3.542 trillion on Aug. 7, compared with $3.529 trillion on July 31."

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
I agree with Blodgett (whoever he is).

 It is a recent phenomenon that workers are not given money, they are given debt.

As he points out it is a moral choice that has been made to pay minimum wages. And all moral choices have consequences.

Capitalism is not neo-Darwinism. It is not a race to the top, and the Devil take the hindmost. It does not opperate in a moral vaccuum.

The truth must always be seperated from its source.

treemagnet's picture
treemagnet
Status: Gold Member (Offline)
Joined: Feb 13 2011
Posts: 344
And even better.

A ringing endorsement without knowledge of the man, the legend, the destroyer of many.  In the same way that a killer is criminal but a conqueror is a leader, we've got virtues and parables to share, oh goody.  Gather round kids, he's gonna give out some pearls of wisdom....wait for it....here it comes....any minute now......3.....2......1.....

Sorta makes you wonder what was said, or how it was said, to the parole board eh?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments