Daily Digest

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Daily Digest 10/19 - Drought Is Coming For Your Beer, Moment of Truth for Farmers

Saturday, October 19, 2013, 11:00 AM

Economy

Ways to Solve The National Debt – Donation? (Chris F.)

It is too bad that money is being channeled here because it is impossible to pay off the government debt. I am sure if these contributors knew how today’s monetary system works, they would not donate to their governments to pay down the debt. Today, money is debt. When money is created, debt is created. It is mathematically impossible to pay down the debt because that will virtually erase all the money in circulation. A very good explanation of how money is debt is done in the “Money as Debt” series (see here). Also, Mike Maloney does a great job explaining this in his recent video below.

9 Signs That China Is Making A Move Against The U.S. Dollar (pinecarr)

That is why a U.S. debt default would be such a big deal. A default would cause interest rates to skyrocket and the entire global economic system to go haywire.

Unfortunately for us, the U.S. debt spiral cannot go on indefinitely. Our debt is growing far, far more rapidly than our GDP is, and therefore our debt is completely and totally unsustainable.

The Ongoing Depression Could Force A Return To The Gold Standard (Taki T.)

First of all I’d say this depression started in 2007. 2008 was the panic and it was an emergency liquidity response to that, but the roots of this really go back to 2007. That’s when the sub-prime crisis erupted, that’s when the Bear Stearns hedge funds melted down. That’s when the Fed first started in to cut the discount rate and respond a little bit, even though they were way behind the curve and didn’t see it coming.

Drought Is Coming for Your Beer (jdargis)

Can German scientists protect a key beer ingredient from climate change? As Oktoberfest rages on, geneticist Nils Stein is deciphering the genome of barley, looking for genes that could help the plant survive through droughts. The study's implications go beyond beer tents: Barley is the fourth-most-produced cereal in the world, and a drought that devastated Syria's barley crop contributed to that country's civil war.

Low-Cost B.A. Starting Slowly in Two States (jdargis)

In Florida, the two dozen former community colleges that offer both associate and baccalaureate degrees all volunteered to meet the $10,000 challenge, but several programs are not yet under way. The state universities are not in the program.

Demand For Power (westcoastjan)

People concentrate on shiny new consumer technologies and rather forget about the less glamorous generation, transmission and efficiency technologies. But the technologies behind the way we power our modern world is just as important as the products which grab our attention and those efficiency technologies are now undergoing a revolution with the power to change the world.

Moment of Truth for Farmers with Food Safety (Edwardelinski)

There is so much at stake in this current rulemaking process that I could hardly overstate the case. However, the proper approach for us to take is not one of panic, but of constructive action instead. That has been our goal all along in working with partners across the country through the National Sustainable Agriculture Coalition (NSAC), and it remains the most critical factor as the final weeks of the comment period approach. Our greatest need is for farmers in particular to write informed comments to the FDA that reflect experiences on the farm and in the marketplace, bolstered by a strong commitment to public health and the new science of sustainable systems that is just beginning to emerge.

Gold & Silver

Click to read the Gold & Silver Digest: 10/19/13

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
A report from the Edge.

Quick report from my trip through Western Australia on my Bike.

I got a "Help Help" from the second wife, She cannot afford her power bills. Also a good opportunity to catch up with the third child. I am allowing the second wife a dose of reality about living in the 'burbs. The neighbors face their problems with the aid of illegal drugs. The little boy next door is being trained  from an early age in the philosophy of Nihilism. 

Orlov and I agree that a sailboat has merit. I would love a piece of land but am not buying in at the top of a bubble. I was perving on a nice little piece and was tempted to buy it at say $30 000 to $40 000. The sales lady said it was going for half a million. (That's $500 000) It has been going for half a million for a very long time. Lots of Luck Le Roy.

Today I am invited to a picnic in the park with The Russians. I shall take my bike so that I can leave when it suits me. Don't get your nickers all in a twist about the Russians. They are people, just like you. Which reminds me- I had better zip up my pockets.

The wheat and barley crops are a joy to behold. I rode through rain most of the way here  A cocky farmer, all bent and used up from years of farming, said that they need to dry the crop off in order to prevent ergot. Today the wind and rain are gone and the sun is shining.

The crop around Esperance is reported to be worth a billion dollars. My date palms are growing nicely, but I did get what I perceived to be a dirty look from a farmer as he must be thinking that the 4 ha of land could be under wheat. The point being that we need diversification because of climate change.

Here is a picture of a bike like mine. Her name is Brunhilda. She is slim in the waist, big in the chest and very very naughty.

ferralhen's picture
ferralhen
Status: Silver Member (Offline)
Joined: Oct 14 2009
Posts: 151
nice to hear from you and

nice to hear from you and glad to see someone livng life to the full.

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1631
Suicides are up locally, nationally

Suicides are up locally, nationally.  Is economic distress playing a role?

http://www.philly.com/philly/news/new_jersey/20131021_ap_d41181be80e54f0...

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