Daily Digest

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Daily Digest 9/16 - Egypt's Economy Hurt By Curfew, Young People Drawn To Farming

Monday, September 16, 2013, 11:39 AM

Economy

Democracy Failed Syria's Refugees, and All of Us (westcoastjan)

For the developed world, the present Syrian crisis has revealed some serious fault lines. For the first time in a generation the decision of whether or not to launch military intervention has not been arbitrarily decided by leaders but instead passed off to legislative assemblies. The results have been decidedly mixed.

Italy's Casanovas hit where it hurts (westcoastjan)

"No money for anything now - not even for women," he added as he licked his spoon thoughtfully. "The day of Casanova is over. One woman only - and that's already too expensive."

His colleague scraped his tub clean searching out the last drops of sorbet. He flashed me a winning smile.

Maguire - Fed, LBMA, Comex & Banks On The Edge Of Disaster (westcoastjan)

The downside for the central banks is that short-term interventions have further emptied the physical vaults (once) again. And where is this gold coming from? It’s coming out of unallocated bullion bank inventories (at the Comex). The central banks may be leasing out gold, but it’s not leaving their vaults (at this time)...

Egypt's economy hurt by post-Morsi curfew (westcoastjan)

"And we have fixed costs. We have the salaries for the employees. We can't tell them stop work and go away. We have to pay the salaries. There is light, there is gas, each cost we have to pay, but the sales are affected."

Mr Fouad said the curfew had also had an impact on his personal life.

Pentland Firth tidal turbine project given consent (westcoastjan)

Scottish-registered company MeyGen is a joint venture between investment bank Morgan Stanley, independent power generator International Power and tidal technology provider Atlantis Resources Corporation.

Its tidal energy project is located in the Inner Sound of the Pentland Firth off the north coast of Caithness.

Why the Advanced Biofuel Industry is Struggling (James B.)

Some attempted to produce fuel from wood via a different route. Wood (or natural gas or coal) can be partially burned to produce synthesis gas (syngas), which consists of hydrogen and carbon monoxide. That syngas can be converted into diesel (among other fuels) using the same process that Germany used to produce fuel in World War II. The problem is that this is a terribly expensive process, and so there are only a handful of commercial plants around the world that use either natural gas or coal (South Africa, which had its roots in their inability to secure petroleum because of sanctions resulting from their apartheid policies).

Young people drawn to farming by income, job opportunities (westcoastjan)

That interest comes at the same time Canada's farmers are aging and becoming fewer in number. Statistics Canada’s 2011 Census of Agriculture found the average age of farm operators was 54, up from 49.9 years a decade earlier. Farmers under 35 years of age represented just 8.2 per cent of the total of 293,925 farm operators in 2011, down from 11.5 per cent in 2001.

Gold & Silver

Click to read the Gold & Silver Digest: 9/14/13

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."

9 Comments

saxplayer00o1's picture
saxplayer00o1
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Mots's picture
Mots
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Posts: 196
Why the advanced Biofuel Industry is Struggling

This  Daily Digest link clearly explains a common problem that contradicts the nonsense continually fed us by big government and the technically stupid finance community.  The problem (financial industry driven R&D nonsense) is not easily seen by someone unless he aleady has deep experience in engineering and science. The scientists and engineers are not heard because big organizations and governments are headed by psycopaths who spend personal energy and time on "managing" us instead of learning and following technology.  I have often encountered small tech start ups that make absolutely no sense but are managed/advised by politicians and financial advisors (a politician who can do basic arithmetic) that speak down from their credentials when  spending other's money.  This relates to the Becoming Japanese discussion: the future is NOT brought to  us by financial thinking or big government thinking.  I reiterate my opinion that we should NOT pay attention to the nonsense that is constantly fed us by financial experts and politicians.  Technology developments will not (for the most part) come from big government or big money or financial  advisor decision makers.  For the most part, they never did.  Only in a late  stage dying empire  do you see financial experts running everything.  

This is my main complaint about this blog site.  This site pushes us away from private resiliance -technology:  for example: last year we were taught from a special guest :
"Andrew Chung, partner at Khosla Ventures, arguably the most knowledgeable venture capital firm spearheading next-generation energy projects. While perhaps more optimistic than Chris on the odds that the world can transition off fossil energy sources without experiencing some duration of lower overall energy output, Andrew is clear to point out that large and near-term capital investments are essential for such a smooth transition. The size and scale of the investments necessary to evolve and replace our existing (and increasingly outdated) power infrastructure are enormous, and too big for private companies alone to address the issue on an acceptable timeline."   See the podcast at http://www.peakprosperity.com/blog/khosla-ventures-us-massively-underfunding-innovations-critical-its-energy-future/73354

This blog constantly teaches us that our future will be ok if we just give money to and rely on the financial industry and the big government to handle these big problems.  (see teh Chung podcast for ex) In my opinion this is a major failure of the CM web site: the adulation of the financial industry and big government and how they view the world by constant interviews etc.  The wonderful teaching of resource limits is good but the conclusions and followup (what most of us  are here for) fail to acknowledge the true aspects of the paradigm shift.  Big government and technically stupid finanacial  advisors are the problem, NOT the solution.  This is the main point I wanted to make in several postings.  

A new paradigm, new way of living in the world is emerging where big government and technically stupid financial advisors are perhaps the biggest obstacles to a successful future.  Even in the old world, people that developed new engineering solutions such as camera technology (Kodak), copiers (xerox), (most tech developments, many people know these stories) succeeded in spite of technically stupid financial experts that shunted resources into wasteful  activities, or else profited by mistakes made by bean counters running technology companies (Microsoft who gots its start by owning software for. IBM computers for example). 

The solution is to LEARN techology, LEARN a skill for PRODUCING wealth such as food, energy etc at the community level.  Most discussions of even good technology such as the solar electric industry are taken over and re-directed to how well solar can replace nuclear power.  SUCH technology, for OUR future is MORE  efficient at the local level, but such fact is not convenient for these psycopaths, as it cuts out the financial industry that absolutely MUST  write big deals where they can take their cut.  This is why I thinkt that it is wrong to spend most effort on the "investment" community and their thinking as the centerpiece of this blog site.

Thetallestmanonearth's picture
Thetallestmanonearth
Status: Gold Member (Offline)
Joined: Feb 28 2013
Posts: 324
Young people returning to farming

The article about my generation returing to farming as a viable career makes me exceedingly happy.  Unfortunately there is a mojor barrier to entry not just in land and capital costs, but in student loan (and other) debt from being told to pursue other "more respectable" careers all our lives.  Entry level farm labor where one can learn the ropes pays next to nothing and many of us have debt loads that require a certain income just to stay afloat.  My hope is that with demographic changes and restructuring that will inevitably be a part of our financial future will cause avenues will be opened for us to return to the farm.  It's a much more appealing propestition than being drawn into the military industrial complex to serve our countries energy hungry emperial ambitions abroad.

rhare's picture
rhare
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Joined: Mar 30 2009
Posts: 1326
Radiation rotting brains?


Mots wrote:

This blog constantly teaches us that our future will be ok if we just give money to and rely on the financial industry and the big government to handle these big problems.  (see teh Chung podcast for ex) In my opinion this is a major failure of the CM web site: the adulation of the financial industry and big government and how they view the world by constant interviews etc.

Exactly where are you seeing anyone on this site say "future will be ok if we just give money to and rely on the financial industry and the big government"?  I would say nearly all of this site is devoted to the exact opposite.  You keep saying things like this in your commentary that are pretty much the exact opposite of the majority of the content on this site.  Perhaps the radiation issue is worse than I thought. wink

You also managed to pick a podcast from over a year ago that many (including myself) commented about how big government was not the solution.  While there are some here that I feel still mistakenly place faith in "big government", I'm pretty sure 99% of the people here are not fans of the financial industry in it's current form.  A huge portion of this website is devoted to self resilient lifestyle, have you looked at any of the content under the tab labeled "Prepare" at the top of the page?

 

 

Mots's picture
Mots
Status: Silver Member (Offline)
Joined: Jun 18 2012
Posts: 196
Radiation Rotting Brains

I dont accept your insult about rotting brains. 

Anyway, yes I have looked at the "Prepare" section, contacted people etc and found much better on other websites. The best part of CM website, on the other hand is that there is some filter for presenting news.  This is  something not found elsewhere, and is extremely valuable because of the information overload internet wherein conspiracy theories abound over constant misinformation. I have pushed all I care to and realize the limits here.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4167
Puerto Rico can only cover 11.2 pct of pension costs-Morningstar

"Puerto Rico can cover only 11.2 percent of its public pension costs, which is even less than the notoriously underfunded Illinois retirement system, an independent investment research group reported on Monday."

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1192
just finished milking

and found this, kids return to farming article. makes me feel guilty.

http://swmichigan.secondwavemedia.com/features/tillingtheearthwithoxenan...

 

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Watch his Hands, for Crying in a Bucket!

Well the syrian distraction did not work, so now we get a shootout at the OK Corral.

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5754
Confusing Content With Endorsement
rhare wrote:

Exactly where are you seeing anyone on this site say "future will be ok if we just give money to and rely on the financial industry and the big government"?  I would say nearly all of this site is devoted to the exact opposite.  You keep saying things like this in your commentary that are pretty much the exact opposite of the majority of the content on this site.  Perhaps the radiation issue is worse than I thought. wink

You also managed to pick a podcast from over a year ago that many (including myself) commented about how big government was not the solution.  While there are some here that I feel still mistakenly place faith in "big government", I'm pretty sure 99% of the people here are not fans of the financial industry in it's current form.  A huge portion of this website is devoted to self resilient lifestyle, have you looked at any of the content under the tab labeled "Prepare" at the top of the page?

It's important not to confuse content with endorsement.  We strive to hear all sides of the story(ies) around here and we regularly post content, both written and podcast, that offer up a view different from our own.

My goal in podcasts is not to debate or convert the guest, but to give them plenty of room to run.  After all, it's their views that are being sought. So it really is too much of a stretch to pick out any one podcast, or even two or three and claim that this site is advocating this or that.  

Because then you'd find that we definitely advocate for every strain of the political spectrum including Druidism.  yes

In the specific case being mentioned (Khosla Ventures), I do happen to share the view that our looming energy predicament is so large that there's going to have to be a collective response to avert the worst of the effects.  

Without massive energy flows our complex economy cannot function.  If it does not function then you can forget about having solar panels and inverters or anything as complex and energy-intensive to produce as alternative energy items while all of the novel inventors will be working on more basic matters of living instead of creating the next hot thing.

So, yes, I happen to think that we need to have an eye on national and global energy matters because the truth of it is we happen to live in a global just-in-time economy.  And at the same time, we need to have the change we wish to see happening at the local, individual, and community levels.

To me, it's an AND not an OR.  Accordingly, we have a lot of content across the spectrum.  

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