Daily Digest

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Daily Digest 2/21 - Ukraine Spins Out Of Control, Gold And Silver Scams Abound

Friday, February 21, 2014, 2:49 PM

Economy

Financial crisis threatens Russia as Ukraine spins out of control (pinecarr)

The Russian ruble has fallen to a record low against the euro, with contagion reaching Poland, Hungary and Romania in recent days. “The moves in Russia are very like the events during the war in Georgia in 2008. Markets are pricing in the risk of Russian intervention,” he said.

29 Percent Of All U.S. Adults Under The Age Of 35 Are Living With Their Parents (Nervous Nelly)

Unfortunately, it is becoming increasingly difficult for young people to become financially independent. While they are in high school, we endlessly pound into their heads the need to go to college. Then we urge them to take out whatever loans that they will need to pay for it, ensuring them that they will be able to get “good jobs” which will enable them to pay off those loans when they graduate.

Capital One says it can show up at cardholders' homes, workplaces (Nervous Nelly)

But he emphasized that there are laws against harassment, not to mention stalking, and Cap One could be held accountable under such statutes if, say, it took to inviting itself over for dinner or hanging around your cubicle.

Boundless Natural Gas, Boundless Opportunities: Interview with EIA Chief (James B.)

I noted at the time that at some point, policymakers were going to be confronted with all of these changes resulting from the enormous shift in thinking about US production growth. Five or 10 years ago, everybody thought that US oil production would just go down, and demand would always go up. Now we have in the EIA’s forecast over the next five years very strong growth in crude oil production and weak growth—if not negative trends—going on in gasoline and liquid fuels demand. This creates an interesting atmosphere.

Alleged Gold & Silver Scams Abound (adam)

The article states, "Consumers across the country have reported late or missing shipments of rare, silver and gold coins purchased from the Orange County precious-metals dealer. Clients say they have lost tens of thousands of dollars in investments, prompting some to take the business to court."

About.ag, a silver and gold internet blogger, has painstakingly documented this delayed delivery fiasco since its inception.

The Game Changed in Venezuela Last Night – and the International Media Is Asleep At the Switch (Wendy SD)

Throughout last night, panicked people told their stories of state-sponsored paramilitaries on motorcycles roaming middle class neighborhoods, shooting at people and storming into apartment buildings, shooting at anyone who seemed like he might be protesting. People continue to be arrested merely for protesting, and a long established local Human Rights NGO makes an urgent plea for an investigation into widespread reports of torture of detainees.

Anti-science NC leaders no laughing matter (David P.)

Rachel Maddow reports on the outrageous anti-science positions held by North Carolina governor Pat McCrory and his Secretary of the Department of Environment.

Bundesbank Must Intervene To Reassure German Gold Will Come Back (Taki T.)

As a sidenote, it would have been great if the journalists would have asked questions like “how comes tightness in the physical gold market has been that high since Germany announced its repatriation” or “did you check the serial numbers on the gold bars that the auditors were shown” or lots more as suggested by Jesse here and here Obviously, those questions would have gone too far for the Executive Board member.

America accuses B.C. of unfair trading practices (westcoastjan)

"We have a server farm in Kamloops where the data are stored and we intend to keep it that way, as long as I'm around," said Andrew Wilkinson.

"We protect the interests of British Columbians by making sure that their data are secure and kept in Canada so that they are not in any way subject to Patriot Act visits by the American government."

Gold & Silver

Click to read the PM Daily Market Commentary: 2/20/14

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."

3 Comments

saxplayer00o1's picture
saxplayer00o1
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saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4060
pinecarr's picture
pinecarr
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Joined: Apr 13 2008
Posts: 2236
Ukraine "Coup D'Etat"?

From ZH:

Ukraine President Flees Kiev After "Coup D'Etat" As Protesters Storm Presidential Palace, Plunder Gold; Army On Hold"

http://www.zerohedge.com/news/2014-02-22/ukraine-president-flees-kiev-af...

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