Daily Digest

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Daily Digest 11/12 - America’s Breathtaking “Crash”, The Value Of A Free Degree

Tuesday, November 12, 2013, 11:30 AM

Economy

Former US Treasury Official - America’s Breathtaking “Crash” (pinecarr)

What I am saying is that the day is coming when they can no longer continue this manipulation of gold and silver. In fact, it will be chaos. The bond market will collapse because they will lose control of interest rates. The banks will collapse. The stock market will collapse. And the inflation will be imported because of the lower value of the dollar in foreign exchange markets.

Buffett's favorite market tool is flashing red (Nate)

Indeed stocks went on to deliver solid gains into that decade, but by 2007, Buffett's handy ratio again flashed red. Stocks were becoming so frothy that this measure once again exceeded 100%. The resulting market blow-off in 2008 was another painful lesson for investors, but at least put the market deep into value territory, setting the stage for the bull market we've been enjoying ever since.

What I Saw At The Doomsday Prepper Convention (Thomas C.)

An array of preparedness expos and conferences have cropped up around the country to serve this emerging and fast-changing market. To get a closer look, I visited Life Changes, Be Ready!, or LCBR, a new expo that held its second event on the weekend of November 2nd and 3rd, in Lakeland, Fla. LCBR gave an immediate sense of one big way that the preparedness crowd isn't marginal at all -- economically. The show floor was packed with a dizzying array of small businesses and products that defied stereotypical "prepper" classification -- not just ammunition and crossbows and camping gear, but also seed banks, beehives, financial planning, and acupressure.

Soaring farmland prices a crisis in the making: Don Pittis (Nervous Nelly, westcoastjan)

FarmStart has two incubator farms in southern Ontario to bring new farmers into the business, but at current prices, Young says there is no way those starting out could earn enough from their farms to make a living and pay their mortgage.

Gold Daily and Silver Weekly Charts - Are We There Yet Daddy? (westcoastjan)

I wanted to clarify this, because lately I have been getting some questions that make me think that some are trying to time this market, and pile into leveraged positions to maximize their outsized gains. That is not likely to work. The worst thing that can happen to a new trader is to hit a jackpot like that, because they will break themselves trying to regain the feeling of being fortune's child by playing long shots.

Typhoon wreaks havoc on agriculture with over a million farmers affected (westcoastjan)

"It will set them back on their goal of self sufficiency but more key is that those livelihoods will be pushed way back until they get restored irrigation infrastructure. That has been severely damaged in most cases," said Mr Tschirley.

As well as rice and sugar cane, the FAO is most concerned about coconut plantations.

Ron Holland on 'Restoring Our American Legacy' and Protecting Your Wealth in Perilous Times (Ron H.)

There will be a dollar and Treasury debt crisis probably started by China and/or Saudi Arabia and the Arab Emirates because they are stuck with way too many US dollars. China has all of these dollar debts because we are the largest buyer of their exports and they get paid in dollars. For the oil producers, it is the forced petrodollar system that requires oil be bought and sold in dollars or else we invade and force the local government from power.

The Value In A Free Degree (Amanda)

When it opened in 2009 to some media fuss, University of the People was a free-culture concept in a competitive, proprietary universe. It charged no tuition and was open to anyone who could do the work. Professors volunteered their time. Now, four years later, the first students are reaching graduation, raising a question no R.O.I. calculator has yet sought to answer: What is a free online degree worth?

Saudis Plan Major Investment In Nuclear Technology (Kevinoman0221)

It's now a consumer society where the population is about 80% urban. Everybody has air conditioning and TV appliances and all the gadgets you could want. . .they need vastly more electricity and the only fuel they have available for generating it is their own oil. In the summertime, they're using, at some point, 25%, even 30% of their production domestically. They want to stop doing that for obvious reasons. . .It's not a question of Saudi Arabia running out of oil. They have plenty of oil. . . Because of the inevitable upward drift of prices, as the new oil that's found is more and more expensive oil, they're afraid they'll reach a point where people will really stop buying it and go on a crash program to switch to other sources of fuel.

The Hub: Saint John end point of ‘Energy East’ readies for crude revolution (westcoastjan)

Deliveries from ships such as the NS Arctic, one of roughly 100 crude carriers that call on Irving’s Canaport oil import terminal each year, may grow less frequent if a proposal to pipe Alberta oil to the Atlantic shore pans out. Calgary-based TransCanada Corp. intends to switch portions of its cross-country natural gas mainline to carry oil, allowing up to 1.1 million barrels a day — roughly one-third of Canada’s current daily output — to reach ports in Quebec City and Saint John.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/11/13

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4167
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4167
American Eagle silver coin sales hit a record: U.S. Mint

American Eagle silver coin sales hit a record: U.S. Mint

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2247
US District Judge Jed Rakoff: Why Has Nobody Gone To Jail?

http://www.zerohedge.com/news/2013-11-12/why-has-nobody-gone-jail-financial-crisis-according-judge-rakoff-its-governments-fau

"By US District Judge Jed S. Rakoff (pdf)

Why Have No High Level Executives Been Prosecuted In Connection With The Financial Crisis?

Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are still millions of Americans  leading lives of quiet desperation: without jobs, without resources, without hope. Who was to blame? Was it simply a result of negligence, of the kind of inordinate risk-taking commonly called a “bubble,” of an imprudent but innocent failure to maintain adequate reserves for a rainy day? Or was it the result, at least in part, of fraudulent practices, of dubious mortgages portrayed as sound risks and packaged into ever-more-esoteric financial instruments, the fundamental weaknesses of which were intentionally obscured?

If it was the former – if the recession was due, at worst, to a lack of caution – then the criminal law has no role to play in the aftermath. For, in all but a few  circumstances (not here relevant), the fierce and fiery weapon called criminal prosecution is directed at intentional misconduct, and nothing less. If the Great Recession was in no part the handiwork of intentionally fraudulent practices by high-level executives, then to prosecute such executives criminally would be “scapegoating” of the most shallow and despicable kind.

But if, by contrast, the Great Recession was in material part the product of intentional fraud, the failure to prosecute those responsible must be judged one of the more egregious failures of the criminal justice system in many years. ..."

Sorynn's picture
Sorynn
Status: Member (Offline)
Joined: Oct 23 2011
Posts: 17
Regulatory Capture.  Maybe

Regulatory Capture.  Maybe the judge should go have dinner with Bill Black.

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
And Shiva Begins to Dance.

Let it rip girl.

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Kali not Shiva.

It seems that I got my mythology wrong.

Kali is a goddess of death but She brings the death of the ego as the illusory self-centered view of reality.

You dance Girl

RogerA's picture
RogerA
Status: Silver Member (Offline)
Joined: Jun 18 2009
Posts: 106
Above the law

According to a former freemason. When you are a knight of malta, you get a diplomatic passport. And are thereby untouchable (I reckon that is from below and not from above). Can possibly explain some.

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