Daily Digest

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Daily Digest 9/19 - All Dress Rehearsals Are Over, Detroit Scenario Unlikely In Canada But For How Long?

Thursday, September 19, 2013, 9:43 AM

Economy

Own Gold to Protect your Wealth against Financial and Geopolitical Risk (Taki T.)

Whether or not chemical weapons are destroyed is irrelevant. The FSA want the Americans to destroy the regime’s military power, and the US agreement with Russia means the chances of that happening are receding. So, regardless of the outcome of the current issue, I expect to see the conflict in Syria to continue.

Russia and the US have agreed on an assessment that the Syrian government possesses 1,000 tons of chemical agents and precursors, according to a US official.

A near debt experience: New crisis approaching? (Phil H.)

This time around the world is sitting on a veritable mountain rage of debt throughout the world. Low interest rates and ‘funny money’ policies have fueled the mother of all multi-asset bubbles and some frankly reckless lending at remarkably low interest rates with little security. Total public and private debt is 30% above the heady pre-crisis levels in the advanced economies, while the world’s emerging markets, as shown by corporates in the likes of Brazil and China, among others have gorged on debt.

Silver & Gold Vs Stocks & Real Estate - Where Are We In The Cycle? (adam)

He also reviews the correlation between Economics and Freedom. Importantly, Mike presents historical charts and data that provide a great visual on where we are historically in relation to Real Estate and Stocks priced in Gold.

Canadian Billionaire Predicts The End Of The Dollar As Reserve Currency; Warns "It's Likely To Get Ugly" (pinecarr, westcoastjan)

Grab your pre-FOMC popcorn and watch for a brief few minutes as sense is spoken on everything from the reality of the USD reserve currency's dwindling support, the stupidity of Obama's Syrian debacle, China and Russia's deals, the inevitable inflation when "the United States losing the privilege of being able to print at its will."

In New York, Having a Job, or 2, Doesn’t Mean Having a Home (Amanda)

Advocates of affordable housing say that the employed homeless are proof of the widening gap between wages and rents — which rose in the city even during the latest recession — and, given the shortage of subsidized housing, of just how difficult it is to escape the shelter system, even for people with jobs.

My dear American neighbours: Neil Macdonald (westcoastjan)

Neither the Republicans nor the Parti Québécois are very popular among ethnic groups and new immigrants. Both parties are alarmed at the erosion of their bases, both of which historically comprise white, traditional-minded Christians. And both parties are trying to rally those bases.

In Oklahoma, three years ago, Republicans championed the “Save our State” amendment to state law, which was designed to combat the rather dubious menace of Shariah, or Muslim religious law, in America.

Detroit scenario unlikely in Canada, but for how long? (westcoastjan)

The city’s managers had over-committed $18-billion in pension disbursements they had little chance of ever paying out. The fallout shed light on the inadequate funding of many public-sector pensions across the U.S., ringing alarm bells on both side of the border. North of the 49th parallel, pundits were quick to point out Canada’s public sector workers need not fear because their pensions, though not fully funded, were in much better shape than those south of the border.

3D Printing Is Going To Be Way Bigger Than What The 3D Printing Companies Are Saying (westcoastjan)

"Most corporate guidance defaults to the assumptions of industry consultants who estimate that the 3D printing market will grow at ~20% annually. We challenge this assumption and attempt to quantify the addressable market by investigating the opportunities within key verticals such as aerospace, automotive, health care, and consumer. We conclude that these four markets alone (which comprise ~ 50% of the AM market today) represent sufficient opportunity to sustain 20-30% annual revenue growth, bolstered by the technology’s transition from prototyping to end use parts and expansion into metals."

Most Depressing Brain Finding Ever (westcoastjan)

Kahan conducted some ingenious experiments about the impact of political passion on people's ability to think clearly. His conclusion, in Mooney's words: partisanship "can even undermine our very basic reasoning skills.... [People] who are otherwise very good at math may totally flunk a problem that they would otherwise probably be able to solve, simply because giving the right answer goes against their political beliefs."

What Is A 'Credibility Trap' (westcoastjan)

Groupthink rationalizes it, and the fear of ostracism and missing the big payday keeps everyone in line. And once you are part of this type of system, it owns you, whether you are a politician, a journalist, an economist, or a parasitic enabler. If you are in business, not to join in is a competitive disadvantage. Bad behaviour drives out the good, and banality unleashing the darkest parts of human nature is in the ascendant.

Energy

Why Is Big Oil Sponsoring B.C.'s Reconciliation Week (westcoastjan)

Kinder Morgan is an American energy company based in Texas seeking to build a new Tar Sands pipeline from Calgary to Vancouver to ship Tar Sands oil to China, directly putting rivers, waters, and our way of life at extreme risk. They currently own and operate a pipeline port that was built in 1952 primarily for domestic consumption; the new pipeline will be used exclusively for international export. To be more specific, Kinder Morgan's pipeline is seeking to carry up to 890,000 barrels of oil products per day traveling across nearly 800 km of B.C. and Alberta.

How mercury poisons gold miners and enters the food chain (westcoastjan)

"Fahrul's been working with mercury for many years, and he's showing the typical symptoms of mercury intoxication," says Bose-O'Reilly, a German medic who began studying the impact of mercury on Indonesians' health a decade ago. "He also has a tremor and a co-ordination problem."

Short-haired bumblebee nests in Dungeness (westcoastjan)

"It's been a long journey to get here, from creating the right habitat for them, collecting queens in the Swedish countryside, scanning them for diseases and then eventually releasing them at Dungeness.

"Seeing worker bees for the first time is a fantastic reward for all that hard work but we still have a long way to go to ensure this population is safe and viable."

Is Colorado’s Fracking Industry at Threat from the Floods? (James B.)

The oil and gas industry has assured that the floods should not affect the fracking sites in any way. Tisha Schuller, the CEO and President of the Colorado Oil and Gas Association, said that “none of the fracking sites have been left open during the flood and we don't have any major issues going on. There were no fracking sites affected by the flood.”

All Dress Rehearsals Are Over (Carolyn B.)

Here’s how it happened: A blocking pattern has set up over the western United States, drawing a conveyor belt of tropical moisture north from coastal Mexico. Blocking patterns form when the jet stream slows to a crawl, and weather patterns get stuck in place. When all that warm, wet air hit the Rocky Mountains, it had nowhere to go but up, pushed further skyward by the mountains themselves. By some measurements, the atmosphere at the time of the heaviest rains was the among most soaked it has ever been in Colorado.

1,000 Tons Of Polluted Fukushima Water Dumped In Sea (Jason C.)

But the company also said at one site where water was found contaminated beyond the safety limit workers could not start the water pump quick enough in the torrential rain, and toxic water had leaked from the enclosure for several minutes.

Gold & Silver

Click to read the Gold & Silver Digest: 9/17/13

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."

16 Comments

saxplayer00o1's picture
saxplayer00o1
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Tall's picture
Tall
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20 concepts that are not recognized in BAU

One barrel of oil, priced at just over $100 boasts 5,700,000 BTUs or work potential of 1700kWhs. At an average of .60 kWh per work day, to generate this amount of 'labor', an average human would have to work 2833 days, or 11 working years. At the average hourly US wage rate, this is almost $500,000 of labor can be substituted by the latent energy in one barrel of oil that costs us $100. Unbeknownst to most stock and bond researchers on Wall Street, this is the real ‘Trade’.

http://www.theoildrum.com/node/8402#more

Tall's picture
Tall
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Past performance is no guarantee...

As a highly trained natural scientist, /ed/ the reason I fail to subscribe to historical precedent as our most prescient guide is that nature doesn’t respect our dreams, or our historical trends. Maybe this cold, hard fact is overwhelming, so we make up stories about how it will all be okay in the end: in much the same way that religious traditions give us stories to cope with the inevitable death we all must face. Sure, it’s a downer, but nature doesn’t care. And me, the sucker: I still love her all the same.

http://physics.ucsd.edu/do-the-math/2013/09/the-already-written-future/#more-1441

westcoastjan's picture
westcoastjan
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saxplayer00o1's picture
saxplayer00o1
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Another movie: "Money For Nothing"

saxplayer00o1's picture
saxplayer00o1
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All Federal Reserve Banks - Total Assets, Eliminations from Cons

 

2013-09-18: 3,722,192 Millions of Dollars   Hide Last 5 Observations

2013-09-11:  3,662,035  
2013-09-04:  3,654,182  
2013-08-28:  3,644,456  
2013-08-21:  3,645,668  

Weekly, As of Wednesday, Not Seasonally Adjusted, Updated: 2013-09-19 3:52 PM CDT

TechGuy's picture
TechGuy
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Re: Depressing finding

. [People] who are otherwise very good at math may totally flunk a problem that they would otherwise probably be able to solve, simply because giving the right answer goes against their political beliefs."

The exact statement also applies to religion. 

http://en.wikipedia.org/wiki/Kurt_Wise (PHD in Geology from Harvard)

"if all the evidence in the universe turns against creationism, I would be the first to admit it, but I would still be a creationist because that is what the Word of God seems to indicate."

 

Quercus bicolor's picture
Quercus bicolor
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Tall wrote: One barrel of
Tall wrote:

One barrel of oil, priced at just over $100 boasts 5,700,000 BTUs or work potential of 1700kWhs. At an average of .60 kWh per work day, to generate this amount of 'labor', an average human would have to work 2833 days, or 11 working years. At the average hourly US wage rate, this is almost $500,000 of labor can be substituted by the latent energy in one barrel of oil that costs us $100. Unbeknownst to most stock and bond researchers on Wall Street, this is the real ‘Trade’.

http://www.theoildrum.com/node/8402#more

Tall,

I believe that's 1700 KWh of heat energy.  The losses resulting from running it through an electric power plant turbine or an internal combustion engine leave you with about 300-600 KWh of useful work.   That's still 2-4 years of labor. 

Arthur Robey's picture
Arthur Robey
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Here is your video Pincar and

Here is your video Pincar and WestcoastJan.

There are no surprises there for anyone on this site.

If America sneezes, Australia catches a cold.

Or so the homily goes. So what happens if America turns its toes to the heavens?

 

thatchmo's picture
thatchmo
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just the facts....?

I love that Mark Twain quote: "Being a man of faith allows him to accept as true, that which he knows just aint so..."  Opiate of the masses, indeed.   Aloha, Steve.

robie robinson's picture
robie robinson
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folks

Arthur?

"Or so the homily goes. So what happens if America turns its toes to the heavens?" Aussies will have to eat alot a mutton. (We both eat and enjoy a couple hoggets/year)

 

thatchmo?

I appreciate Pascals' "God made man in His image,man has been returning the favor ever since." from his Pensees.

 

the robinsons are a culturally deprived bunch of homeschoolers in southside VA. farming their way back to metaphorical eden

ao's picture
ao
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TechGuy wrote: . [People] who
TechGuy wrote:

. [People] who are otherwise very good at math may totally flunk a problem that they would otherwise probably be able to solve, simply because giving the right answer goes against their political beliefs."

The exact statement also applies to religion. 

http://en.wikipedia.org/wiki/Kurt_Wise (PHD in Geology from Harvard)

"if all the evidence in the universe turns against creationism, I would be the first to admit it, but I would still be a creationist because that is what the Word of God seems to indicate."

All the evidence turning against something doesn't make the something untrue.  I think as a PhD from Harvard, he understands that.  At one time, all the evidence in the universe seemed to indicate an atom was indivisible ... until it was realized that it wasn't.  And can we stay away from the potshots at religion.  It's insensitive.

ao's picture
ao
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thatchmo wrote: I love that
thatchmo wrote:

I love that Mark Twain quote: "Being a man of faith allows him to accept as true, that which he knows just aint so..."  Opiate of the masses, indeed.   Aloha, Steve.

And of course, Karl Marx is a source I trust implicity for the veracity of his views.

thatchmo's picture
thatchmo
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Always appreciate your posts,

Always appreciate your posts, ao.  Faith exists in many constructs and paradigms beyond religion.  Perhaps Marx was a man of faith as well.  I never read him....  Aloha, Steve.

ao's picture
ao
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the spiritual laws and lessons of the universe
thatchmo wrote:

Always appreciate your posts, ao.  Faith exists in many constructs and paradigms beyond religion.  Perhaps Marx was a man of faith as well.  I never read him....  Aloha, Steve.

I might look at that a little differently Steve.  I'd say that faith is what fills the gap between a state of no knowledge and a state of omniscience while spiritual belief exists in other constructs and paradigms besides that of an organized religion.  And yet a spiritual belief is a religion so even an atheist follows a religion of no belief.  By the way, an intriguing and enlightening book on the subject that a friend recently put me on to is "The Spiritual Laws and Lessons of the Universe".  I find so many people nowadays who were never given any sensible guidelines on how to run their life and they are lost and wandering and wondering, getting by with a Mongolian barbecue version of cook-your-own beliefs.  I think this book, without necessarily promoting the hard tenets of one religion or another, would give those folks some guidelines to explore in their search and struggle for love and truth.

thatchmo's picture
thatchmo
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Aye, more reading....

Thanks for the response ao.  Perhaps I'll put that book on the list...Aloha, Steve.

 

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