Daily Digest

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Daily Digest 10/15 - The Man Who Lives Without Money, Does Monsanto Deserve The Nobel Prize?

Tuesday, October 15, 2013, 11:18 AM

Economy

Walmart shelves in Springhill, Mansfield, cleared in EBT glitch (Dana T., Thomas C.)

Walmart employees could still be seen putting food from the carts away as late as Sunday afternoon. "I was just thinking, I'm so glad my mom doesn't work here [Walmart] anymore, that's the only thing I could think about, those employees working, that would have to restock all that stuff," said O.J Evans who took cell phone video of the overflowing shopping carts at the Mansfield Walmart.

Bankrupt Governments Likely To Confiscate Wealth And Independence (Taki T.)

Keynote speakers are Peter Schiff, Doug Casey and Mark Skousen. One of the many lectures will be held by Claudio Grass, a passionate advocate of free-market thinking and libertarian philosophy. Mr. Grass is convinced that sound money, i.e. gold and silver, and human freedom are inextricably linked to each other. In his function as Managing Director at Global Gold in Switzerland he offers investors a safe, convenient and competitive Swiss solution for buying, selling, storing and delivering a variety of physically allocated bullion coins and bars, completely outside of the banking system and protected under Swiss law.

Will we ever face a wireless ‘spectrum crunch'? (westcoastjan)

The situation for telecoms became so dire that in 2012, London faced the very real threat that its wireless communications network would fail under heavy load. During the 2012 Olympic Games, British communications regulator Ofcom had to borrow part of the military spectrum to ensure the audio, visual and sensor feeds didn’t grind to a halt as the athletes were sprinting across the finish line.

Next Step In Dismantling The Dollar And US Credit Hegemony (westcoastjan)

So that a “similar global credit crisis can be avoided,” as Mr. Jianzhong put it, independent, more honest players would have to enter the market. Hence, UCRG, a joint venture between Dagong, Egan-Jones Ratings – the largely ignored credit ratings rebel in the US – and RusRating of Russia. The entity, he said, is to be a “catalyst” for reform of the global economy and “among the first architects of a new financial order, one which will benefit the entire planet.”

The man who lives without money (R&J)

“The degrees of separation between the consumer and the consumed have increased so much that it now means we’re completely unaware of the levels of destruction and suffering embodied in the ‘stuff’ we buy.

Very few people actually want to cause suffering to others; most just don’t have any idea that they directly are. The tool that has enabled this separation is money, especially in its globalised format.”

Wendell Berry, Poet & Prophet (apismellifera)

The short documentary Dance of the Honey Bee, narrated by Bill McKibben, takes a look at the determined, beautiful and vital role honey bees play in preserving life, as well as the threats bees face from a rapidly changing landscape. “Not only are we dependent on the honey bee for much of what we eat,” says Bill, “there is, of course, a grace and elegance they bring to the natural world that would diminish us all were they to disappear.”

Saudi Arabia to Use Shale Gas for Domestic Power Generation (James B.)

Khalid al-Falih, the chief executive officer at Saudi Aramco, spoke out at the World Energy Congress on Monday, stating that “we are ready to start producing our own shale gas and unconventional resources in various types in the next few years and deliver them to consumers. Only two years after launching our own unconventional gas programme, in the northern region of Saudi Arabia, we are ready to commit gas for the development of a 1,000 megawatt power plant which will feed a massive phosphate mining and manufacturing sector.”

Does Monsanto Deserve a Prize for Agriculture? (Nervous Nelly)

As it turns out, just recently the Indian courts rejected Monsanto's two patent appeals after thousands of farmers and activists from across 20 states took to the streets of New Delhi chanting slogans, "Monsanto Quit India" in protest of the BRAI (Biotechnology Regulatory Authority of India) Bill.

Gold & Silver

Click to read the Gold & Silver Digest: 10/14/13

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."

8 Comments

saxplayer00o1's picture
saxplayer00o1
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Tall's picture
Tall
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Posts: 564
Why does health care cost so much?

Middle men siphon off $.

"Unless and until we as a society pay attention to the enormous costs and the time wasted by the current administrative arrangements, we will continue to pay much too much for health care."

 

http://www.businessweek.com/articles/2013-04-10/the-reason-health-care-i...

sand_puppy's picture
sand_puppy
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Joined: Apr 13 2011
Posts: 1755
Food Stamps Payments Stopped

Several here at PP suspect that the future is probably not going to go entirely smoothly.  One huge catalyst for disruption would be if the poorest citizens were suddenly unable to find food.

From a zerohedge post this afternoon:  "Foodstamp Program Shutdown Imminent?"

When over the weekend, a Xerox "glitch" shut down the EBT system, better known as food stamps, for nearly the entire day across 17 states leaving millions without "funding" to pay for food leading to dramatic examples of the basest human behavior possible, some of the more conspiratorial elements saw this merely as a dress rehearsal for what may be coming in the immediate future. While there was no basis to believe that is the case, a USDA (the currently shuttered agency that administers the Supplemental Nutrition Assistance Program) memo obtained by the Crossroads Urban Center in Utah [a food pantry for the poor] carries in it a very disturbing warning for the 46+ million Americans currently on food stamps.

 

.... "States across the country are being told to stop the supplemental nutrition assistance program for the month of November, pending further notice."

What is happening here?

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4060
Fitch: U.S. AAA rating on watch over debt debate

 

"NEW YORK (MarketWatch) -- Fitch Ratings put its AAA credit rating of the U.S. on negative watch Tuesday, citing the prolonged congressional negotiations over a hike to the borrowing limit. The U.S. is set to hit its debt ceiling on Thursday without a deal to increase its ability to borrow. "The prolonged negotiations over raising the debt ceiling (following the episode in August 2011) risks undermining confidence in the role of the U.S.dollar as the preeminent global reserve currency, by casting doubt over the full faith and credit of the U.S," the agency said in a statement. Senate Majority Leader Harry Reid had warned that a rating downgrade could come as soon as Tuesday."
 

 

Nervous Nelly's picture
Nervous Nelly
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Posts: 209
Watch Grocery Store Hire More Security

Can you imagine not being able to feed yourself or your family for a month?  This is getting mighty nasty. Theft will rise and you may see food riots. I predict more security in grocery stores as a deterrent. There might be more break and entries, and purse and wallet snatching. When you have nothing to lose, you lose it.

NN

 

jdye51's picture
jdye51
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Posts: 157
Question

Doesn't Goldman Sachs run the SNAP program?

rhare's picture
rhare
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Posts: 1323
That's only a little of the story......
Tall wrote:

Why does health care cost so much?

Middle men siphon off $.

I think this article is just using insurance companies as a scapegoat rather than considering why we are in this mess.  Don't get me wrong, insurance companies and others have milked this for all it's worth and it's the insurance companies government granted monopolies that are at the root of the problem.

I would say a much more important factor, is that the beneficiary does not have spending control. Ultimately we must push control back to the patient, and by control, I mean the patient must be voting with their dollars on what is reasonable.  As long as we have this indirect payment methodology - nothing will change because no one has incentive to keep prices under control.

Think about it, a patient goes to a doctor, do they price shop? Do they ask if a procedure is really necessary?  Do they have any reason at all to question costs?  No - you simply go to the doctor whenever you want, expect all tests to be done, any care no matter how expensive be performed, and the government or insurance will pick it up.

Do doctors have any reason to care?  No, they have incentives to take as many patients as they can, run as many tests as possible, and bill as much as possible, because insurance or government will pick it up and it keeps them out of legal trouble. 

Do insurance companies have any incentive. No, they don't really care because they simply charge more to cover their costs because their profits are guaranteed since most are regulated monopolies.

Does government have any incentive.  No, because the more costs go up, the more people complain, the bigger government can become to act to save us from this mess.  Look at the ACA as a great example.

Want to solve it, get rid of the government granted monopolies for insurance companies.  All this starts because we have had government dictating who can operate, what they can sell, who they can sell too and have removed competition.  It's forced us into things like PPOs and HMOs which are complete disasters.  Insurance should be insurance, for catastrophic issues, not daily care.

Don't get me wrong, if you can make manage care work without government enforcement, more power to you, but I'm guessing they can never work because their are no incentives for cost control.  It will always spiral out of control or services cut.

So for all of you that are going to say, but what about the poor who can't afford healthcare at all.  Fine, take all the money being spent by governments on regulation, healthcare (like the ACA, Medicare, Medicaid, VA benefits, health plans for government workers, etc) and instead give everyone a voucher for them to spend on healthcare, and tell them anything left over at the end of the year, they get to keep 25%.  You'd get to see some nice capitalism in action!

ao's picture
ao
Status: Diamond Member (Offline)
Joined: Feb 4 2009
Posts: 2220
economic shock testing
sand_puppy wrote:

Several here at PP suspect that the future is probably not going to go entirely smoothly.  One huge catalyst for disruption would be if the poorest citizens were suddenly unable to find food.

From a zerohedge post this afternoon:  "Foodstamp Program Shutdown Imminent?"

When over the weekend, a Xerox "glitch" shut down the EBT system, better known as food stamps, for nearly the entire day across 17 states leaving millions without "funding" to pay for food leading to dramatic examples of the basest human behavior possible, some of the more conspiratorial elements saw this merely as a dress rehearsal for what may be coming in the immediate future. While there was no basis to believe that is the case, a USDA (the currently shuttered agency that administers the Supplemental Nutrition Assistance Program) memo obtained by the Crossroads Urban Center in Utah [a food pantry for the poor] carries in it a very disturbing warning for the 46+ million Americans currently on food stamps.

 

.... "States across the country are being told to stop the supplemental nutrition assistance program for the month of November, pending further notice."

What is happening here?

Economic shock testing.  Reference "Silent Weapons for Quiet Wars", starting on pg. 25.

http://www.lawfulpath.com/ref/sw4qw/

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