Daily Digest

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Daily Digest 2/1 - CA Drought Worsens, What Happens When Fossil Fuels Run Out?

Saturday, February 1, 2014, 2:46 PM

Economy

How an ageing population will change the world (westcoastjan)

While 87% of Japanese believe the ageing population poses a problem to the country, only 26% of Americans agree.

The survey of 21 countries found that most people believe governments should be responsible for the care of their older populations.

6 Signs That 2014 Will Be The Year Of The Super Crash (Taki T.)

Bloomberg says this is the worst selloff in emerging-market currencies in five years, revealing the impact from the Federal Reserve’s tapering of monetary stimulus. “Investors are losing confidence in some of the biggest developing nations, extending the currency-market rout triggered last year when the Fed first signaled it would scale back stimulus. While Brazil, Russia, India, China and South Africa were the engines of global growth following the financial crisis in 2008, emerging markets now pose a threat to world financial stability.”

Why would the central bank of Nigeria decide to sell dollars and buy Yuan? (pinecarr)

At first glance it might not seem the most interesting or pressing question for you to consider. But I think it is one of those little loose threads that if pulled upon carefully begins to unravel the hints and traces of a much larger story. But please be warned this is speculative.

Bernanke Leaves Fed with Record Balance Sheet of $4,102,138,000,000 (Dana T.)

As of Feb. 1, 2006, when Bernanke took over as chairman, the Fed’s balance sheet indicated it owned $748,840,000,000 in U.S. Treasury securities. At that time, the balance sheet listed no mortgage-backed securities. As of Jan. 29, 2013, the balance sheet indicated the Fed owned $2,243,176,000,000 in U.S. Treasury securities and $1,532,224,000,000 in mortgage-backed securities.

1,400 Sue General Electric, Toshiba and Hitachi for Fukushima Disaster (Wendy SD)

About 1,400 people filed a joint lawsuit Thursday against three companies that manufactured reactors at Japan’s Fukushima Dai-ichi nuclear plant. The 1,415 plaintiffs, including 38 Fukushima residents and 357 people from outside Japan, said the manufacturers — Toshiba, GE and Hitachi — failed to make needed safety improvements to the four decade-old reactors at the Fukushima plant.

From PetroDollar to PetroYuan – The Coming Proxy Wars (Thomas C.)

Nigeria is Africa’s second largest oil and gas exporter. It holds as many dollars as it does because oil is sold in dollars. Nigeria gets paid in dollars which it then needs to recycle. This is the famous petrodollar in action. It is also a major reason the dollar is still the world’s major reserve currency and that in turn is why America can have such a monumental pile of debt and still (for now) be the risk-off haven that institutional investors run to when other currencies and markets become too risky and unstable.

Skinny micro-housing designs lets you live between buildings (Amanda)

Titled "Live Between Buildings," the project proposes several designs sited in various cities like New York, Tokyo, Amsterdam, Helsinki and London. Coming in various configurations, the surfaces are all covered with transparent roof windows to let the maximum amount of light in. The designs are definitely not for the disabled, as access to the various levels requires some nimble navigation up ladders and stairs. But the spatial overlapping allows for a lot of different functions to be potentially packed in, while leaving some room for fun things (climbing wall, swing and hammock? Why not).

Goldman investment sparks political row in Denmark (westcoastjan)

But the plans, given the final seal of approval by parliament's finance committee on Thursday, led to mounting public opposition to what is seen as handing state assets to a private consortium.

The Socialist People's Party, one of three parties in Mrs Thorning-Schmidt's coalition, is split over the issue.

USGS Derived Downscaled Climate Projection Portal (Afridev)

This web portal allows visualization and downloading of future climate projections from a group of "statistically downscaled" global climate models (GCMs). Temperature and precipitation projections from these models have been used to calculate derivative climate indicators that measure the number of days that exceed certain thresholds. You can control what is shown on the map and this plot window using the toolbar on the left.

All derivative climate indicators on this page have been derived from a suite of downscaled World Climate Research Program Coupled Model Inter-comparison Project 3 atmospheric-oceanic general circulation model simulations using four scenarios from the International Panel on Climate Change Special Report on Emissions Scenarios.

What happens when fossil fuels run out? (cmartenson)

In decades past, we got 99 barrels out of the ground for every barrel we used in the extraction process. By the 1970s, that ratio was down to about 25 to one. But when you look at the Alberta oil sands and other similar fields, that percentage is closer to three or five to one. “That’s a whole different proposition from what we were getting in prior decades,” Mr. Martenson said in an interview. “Net energy [resources] in the world [are] shrinking. That is a fact.”

Western U.S. Drought Puts Big Strain on Reservoirs (kelvinator)

Satellite photos show the Colorado River, which feeds Nevada's Lake Mead, is drying up, meaning the lake is rapidly shrinking. The lake provides water for 20 million people in southern Nevada, southern California and Arizona -- and it's lost 4 trillion gallons of water since 2000. Ben Tracy reports.

California Water Officials Cut Delivery as Drought Grows (Fred T.)

Brown ordered the Forestry and Fire Protection Department, known as CalFire, to hire more firefighters because of drought conditions. The Public Health Department offered assistance to 17 rural communities with what it called “vulnerable” drinking water systems, and the Fish and Wildlife Department restricted fishing in some areas because of low water flows.

California Drought Reaches New Level of Severity Never Recorded on U.S. Drought Monitor in the State (Wendy SD)

California's historic drought reached a new milestone Thursday when the newly released U.S. Drought Monitor showed that exceptional drought now covers 9 percent of the state.

How Climate Change is Worsening California's Epic Drought (Fred T.)

An article by Joe Romm in Think Progress indicates scientists have long predicted that climate change would bring on ever-worsening droughts, especially in semi-arid regions like the U.S. Southwest. As climatologist James Hansen, who co-authored one of the earliest studies on this subject back in 1990, told me this week, “Increasingly intense droughts in California, all of the Southwest, and even into the Midwest have everything to do with human-made climate change.”
Why does it matter if climate change is playing a role in the Western drought? As one top researcher on the climate-drought link reconfirmed with me this week, “The U.S. may never again return to the relatively wet conditions experienced from 1977 to 1999.” If his and other projections are correct, then there may be no greater tasks facing humanity than 1) working to slash carbon pollution and avoid the worst climate impact scenarios and 2) figuring out how to feed nine billion people by mid-century in a Dust-Bowl-ifying world.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/31/14

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."

10 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
NSA and Accountability.

With Big Brother taking notes so diligently it will be a triviality to unravel who was paying who to obfuscate the Climate Change issue.

I envision class action Lawsuits filed by companies damaged by this malicious disinformation. And the droughts in California, floods, fires and cold snaps will definitely affect the bottom line.

If it can be shown that the deniers knew or should have known that their actions would result in damage - can they be held liable?

As if Big Coal does not have enough trouble.

This makes the asbestos and tobacco fracas look insignificant.

Edit: I should imagine that there will be a mad scramble to consign the NSA's records to the Void. *Sigh* And it seemed like such a good idea at the time, protecting us from Terrorists and all.

Doug's picture
Doug
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Joined: Oct 1 2008
Posts: 3158
Arthur
Quote:

If it can be shown that the deniers knew or should have known that their actions would result in damage - can they be held liable?

I heard James Inhofe speaking at some kind of function, noting, among other seeming ironies, the recent cold snap "polar vortex" happening in my part of the world at the same time as the climate conference in Warsaw.  I noticed that he neglected to mention the 14 year drought and bizarre heat in California and the hottest year on record in Australia.  I'm sure it just slipped his mind.  Those Congress Critters are too honest to lie to us.

Doug

Grover's picture
Grover
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Joined: Feb 16 2011
Posts: 840
C(lie)mate

Arthur,

I wouldn't worry too much about climate change. There is too much energy in fossil fuels. There is too much money to be made by burning them. Conclusion: Fossil fuels will get burned. Who knew that peak oil has a silver lining? (It really doesn't matter if you, I, or anyone else considers this to be the stupidest thing ever or conserves a wee bit of energy by whatever means. Somebody, somewhere will burn all the fossil fuels that are economical to burn.)

I find it amazing that climate scientists understand that CO2 allows visible light frequencies to pass through it mostly unimpeded, and that it is relatively opaque to infrared radiation, yet they only count the sun's radiance (which is mostly a constant) when considering the sun's output. The sun is a very dynamic body that radiates energy across the electromagnetic spectrum. It is the source of a vast majority of our energy.

Sunspot cycles last about 11 years and coincide with the sun's magnetic pole reversals. We had really strong cycles during the last half of the 20th century. (Coincidentally, that's when the temperature also increased. Hmmmm.) The last cycle was weaker, and this cycle is pathetic. Are we heading into another solar minimum? The Maunder Minimum coincided with "The Little Ice Age." When I pointed that out to Mark Cochrane, he brushed it off as a mere coincidence. I asked him other questions. He didn't bother addressing them.

Here's a little Youtube video that lasts a bit more than 9 minutes. It is entertaining and informative.

Grover

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
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Posts: 3936
Amazing, Thanks Grover

 Loved the music. It sounds just like the music on another youTube channel I used to watch. I cannot remember it's name.

To change the subject to safer grounds.

I see that CNN is losing ratings and have fired a lot of execs. Fox News has the highest credibility rating, and the lowest.

What does this mean to the common zeitgeist?  How are people forming their model in the internet age? Only the NSA knows. This would be a whole fertile ground for many academic papers. Are Goebels' methods still as effective as they once were?

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
January in Review.

Here is a compilation of media events from the last week of January.

Some relevant-some not.

Grover's picture
Grover
Status: Platinum Member (Offline)
Joined: Feb 16 2011
Posts: 840
Links

Arthur,

The man who made that C(lie)mate video has a daily video that he posts on Youtube. His focus is on global weather, earthquakes, and space weather - particularly our sun. His daily videos are generally 3-5 minutes long and packed with information and great video and audio.

http://www.youtube.com/user/Suspicious0bservers

He's got a blog at http://www.suspicious0bservers.org/ (Note that he uses a number zero in 0bservers)

The music is from a group called "Nemes1s" (Note the name uses the number one instead of an "i")

Grover

KennethPollinger's picture
KennethPollinger
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Joined: Sep 22 2010
Posts: 654
Leisurely Sunday Reading---enjoy!!

http://srsroccoreport.com)" rel="noreferrer noopener">SRSrocco Report

 

Who Controls The Gold Stealing New York Fed Bank?

Posted: 01 Feb 2014 10:38 AM PST

NYFed Vault

(by Charles Savoie) “ANY ATTEMPT TO WRITE UP THE PRICE OF GOLD WOULD ASSUREDLY BE MATCHED, WITHIN HOURS, BY COMPARABLE AND OFFSETTING ACTION.”  —Robert V. Roosa, Pilgrims Society, in “Monetary Reform for the World Economy” (1965). Roosa was with the New York Federal Reserve Bank, 1946-1960 when he moved to Treasury to fight silver coinage!

This is a guest post by Charles Savoie.  He is by far one of the best researchers in uncovering “Who’s Who”, in controlling the gold and silver markets.  Savoie details the members of the “Pilgrims Society” who have been running the show for over 100 years.

by Charles Savoie,

“A FREE GOLD MARKET IS HERESY. GOLD HAS NO USEFUL PURPOSE TO SERVE IN THE POCKETS OF THE PEOPLE. THERE IS NO HIDDEN AGENDA.”
—Pilgrims Society member Allan Sproul, president of Federal Reserve Bank of New York, 1941-1956.

“ANY ATTEMPT TO WRITE UP THE PRICE OF GOLD WOULD ASSUREDLY BE MATCHED, WITHIN HOURS, BY COMPARABLE AND OFFSETTING ACTION.”
—Robert V. Roosa, Pilgrims Society, in “Monetary Reform for the World Economy” (1965). Roosa was with the New York Federal Reserve Bank, 1946-1960 when he moved to Treasury to fight silver coinage!

“The most powerful international society on earth, the “Pilgrims,” is so wrapped in silence that few Americans know even of its existence since 1903.”
—E.C. Knuth, “The Empire of The City: World Superstate” (Milwaukee, 1946), page 9.

“A cold blooded attitude is a necessary part of my Midas touch!”
—financier Scott Breckenridge in “The Midas Man,” April 13, 1966 “The Big Valley”

The Pilgrims Society is the last great secret of modern history!
********************
Before gold goes berserk like Godzilla rampaging across Tokyo—and frees silver to supernova—let’s have a look into backgrounds of key Federal Reserve personalities, with special focus on the New York Federal Reserve Bank.

The NYFED is the center of an international scandal regarding refusal (incapacity) to return German-owned gold. The outrage will worsen. I hope to add to examining this Pandora’s Box of gold suppression by documenting membership of key Fed officials in The Pilgrims Society, which has existed unknown to the public for over a century, and which shoved the world financial system off gold and silver through a series of breathtakingly villainous schemes as profusely documented inhttp://silverstealers.net/tss.html Just like President Nixon, who stole gold from foreign dollar holders by closing the Treasury gold window, the NYFED is a Pilgrims Society entity.

On March 24, 1969, Richard Nixon sent a letter to 74 Trinity Place, New York, to The Pilgrims office, formally accepting their invitation to joinand added, “I was delighted to have the opportunity to address The Pilgrims of the United States during my term of office as Vice President some years ago.” (“The Pilgrims of the United States,” 2003, Profile Books, London, page 141, VERY short run book).

Page 196 of the 2002 book “The Pilgrims of Great Britain” (same publisher, same very short run) notes that Richard Nixon was The Pilgrims guest in London on November 25, 1958—so that over ten years before officially joining, he was already in their “orbit!” Using however the 1969 joining date, Nixon was a member for almost 125 weeks before they pulled his strings and he closed the Treasury gold window on August 15, 1971! “No gold from Treasury!” said The Pilgrims Society then. “No gold for Germany!” says The Pilgrims Society now. It was deeper than that—Nixon’s daughter Tricia married the son of attorney and real estate developer Howard E. Cox, who surfaced in the leaked Pilgrims list for 1980.

Nixon’s son in law was grandson of Edward Ridley Finch, a prominent judge who surfaced in the leaked 1940 Pilgrims list. Finch was descended from a member of Winthrop’s voyage to New England in 1630, and the Winthrops have been a significant family in the secret society, including with Federal Reserve connections. Other old-line East coast wealthy families in the genealogy of Tricia Nixon’s husband include the Delafields and Livingstons, owners of old colonial land grant fortunes; the Delafields were linked by marriage to French nobility and Time Magazine, February 13, 1928, mentioned Edward Delafield (Pilgrims 1924 leaked list) was president of the Bank of America and “director of many corporations.”

Both President Bushes are descended from the Livingstons—both are Pilgrims Society members—both have acted as precious metals suppressors and/or allowed the suppression. Edward Ridley Finch Jr. was in the 1980 Pilgrims list. “We’re mostly family in The Pilgrims Society!” The Bush family has an entity called “Pilgrim Investments” http://rense.com/politics6/green.htm

READ MORE HERE:  Who Controls The Gold Stealing New York Fed?

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Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3158
Oh no

After 1 1/2 months of subzero temps, gale force winds and >200" of snow without a flicker, today the power goes out? On Superb Owl Sunday?

Well, I may have to crank up the generator if it lasts long enough. We have a year's worth of food and a week's worth of beer. Boy, talk about testing my survival skills.

Doug

exomatosis's picture
exomatosis
Status: Bronze Member (Offline)
Joined: Feb 2 2014
Posts: 37
But what happened to global warming?

Ah yes, climate change.  So here's the solution.  To preserve the food until the power comes back on , put it out in the 200+ inches of snow and pack it down hard.  And to keep the house warm, invite your local global warming crowd over to watch the Super Bowl with you and have them talk ad nauseum about global warming.  The hot air should keep your home nice and toasty warm.  Then when they leave, ask them if they'd help you shovel some of that global warming off your sidewalk and driveway. 

exomatosis's picture
exomatosis
Status: Bronze Member (Offline)
Joined: Feb 2 2014
Posts: 37
I'll buy it

Very interesting video Grover.  I'm with you. 

When the climate change folks can explain how there is increasing volcanic activity, increasing earthquake activity, increasing sinkhole formation, increasing speed of movement of the magnetic poles, changes in "weather" on the sun, changes in "weather" on every planet in the solar system, increasing numbers of closely approaching meteoroids and comets, etc., I'll buy into their contention that carbon is to blame.  And what about global dimming, water vapor, etc? 

Plus, I want to see the EPA stop a big volcano from blowing and changing global weather.  What are they gonna do, tax its lava flow and particulate emissions?  

But if they told me an approaching brown dwarf twin star to our sun with its own planetary system is coming closer and closer causing gravitational and electromagnetic disturbances and may be affecting our Kuiper Belt and/or Oort Cloud (and may have its own which is intersecting us), I'd say they were stark raving lunatics.  Doesn't mean I'd be right though.

Doesn't mean human induced environmental impacts aren't a factor.  They obviously are.  But something else, MUCH bigger, is going on. 

 

 

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