Daily Digest

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Daily Digest 1/12 - Thriving In The Age Of Collapse, Why I Bought A House In Detroit For $500

Sunday, January 12, 2014, 1:55 PM

Economy

Chris Hedges: The False Left-Right Paradigm and the Fatal Intransigence of Oligarchies (Mike K.)

I know what will make them happy. They're children, and they need a Tsar! They need tradition. Not this! They're the victims of agitators. A Duma would make them bewildered and discontented. And don't tell me about London and Berlin. God save us from the mess they're in!

For Financier, a Final Try to Avoid U.S. Charges (jdargis)

Mr. Homm “firmly believes he will be exonerated, but we are gravely concerned about his ability to survive this ordeal,” Jan Lawrence Handzlik, a Los Angeles lawyer representing Mr. Homm, said on Saturday in an emailed statement. The Italian court also rejected a plea by Mr. Homm to be transferred to a civilian hospital.

Thriving In The Age Of Collapse (westcoastjan)

This viewpoint is usually served up under the rubric of “Peak Oil” - the all-time global peak in the rate of extraction of conventional crude oil. The connection between the inability to goose up oil production beyond some already icecap-melting number, and the immediate trotting out of the four horsemen of the apocalypse, is not immediately obvious. But apparently the U.S. economy is a sort of pyramid scheme, based on nothing more than faith in its growth potential, and can only continue to exist while it continues to expand, by sucking in ever more resources, particularly energy. Even a small energy shortage is enough to undermine it. So Peak Oil is hardly the problem – it is the foolish notion that infinite economic growth on a finite planet is possible. Collapse can be triggered when any one of many other physical limits is exceeded - drinkable water, breathable air, arable land, and so on – and so the limit to sustained oil production is only one of many physical limits to growth.

Banks Say No to Marijuana Money, Legal or Not (jdargis)

“Carrying such large amounts of cash is a terrible risk that freaks me out a bit because there is the fear in my mind that the next car pulling up beside me could be the crew that hijacks us,” he said. “So, we have to play this never-ending shell game of different cars, different routes, different dates and different times.”

Why I Bought A House In Detroit For $500 (jdargis)

There were almost no other homes around Will’s, just scrubland and a few scraggly houses standing against the odds. Once they were packed in together like cardboard matches; only a five-minute bike ride from downtown, it was now the country in the city. The only other house nearby was a hideous cinderblock project house built by an architecture student from Cranbrook, the private school Mitt Romney attended as a teenager. It was abandoned, the frozen pipes burst from the cold.

France Oil Giant Is Expected to Seek Shale Gas in Britain (jdargis)

Total’s participation would be a vote of confidence in the government of Prime Minister David Cameron, which has been trying to promote shale gas as an alternative to declining production of oil and gas in the North Sea, despite opposition from local communities and environmental groups. Total, a major offshore oil and gas producer in Britain, apparently wants to expand its role.

Panel Blocks Gas Pipeline in New Jersey Pinelands (jdargis)

The New Jersey Pinelands Commission rejected the proposal by South Jersey Gas, which had teamed up with the state Board of Public Utilities to connect a pipeline to the B.L. England power plant in Cape May County, The Associated Press reported on Friday. The plant is switching to natural gas from coal, The A.P. said.

“I hurt my back doing cartwheels,” in response to the vote, said Mr. Tittel on Saturday. “This is the biggest environmental win we’ve had” during the Christie administration, he said.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/10/14

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 2033
Orlov's Economic Aikido

I really like Orlov's humorous writing style and his approach:  Taking what "the descent" throws at us and turning it so that we have a life rich in the qualities that we really value.

Does PP need a patron saint?

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
Also an Orlov fan

Hi sand_puppy-

   Yeah, I like Orlov too.  You've got to love someone who can write from experience, as he does, and do so with his wit and mind.  One of the lines Orlov uses, "An economy collapses one person, one family, one community at a time" really rings true to me. That really seems to capture what we are observing around/to us now.

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