Daily Digest

Image by filippo, Flickr Creative Commons

Daily Digest 2/27 - The Severity of CA Drought, Are We In A Bull Market?

Thursday, February 27, 2014, 11:12 AM
Do you read the Daily Digest frequently? If so, we'd like to talk with you briefly. We're investigating some upgrades to the DD experience, and your feedback would be very useful. If you're a willing volunteer, please email us using this link. -- thanks!, Adam

Economy

Scottish Independence Economic Consequences for England, UK, Ukraine 2014, Britain 2016? (Adam)

Make no mistake about it, the UK by saying an unequivocal NO to a currency sharing with an Independant Scotland is a huge confidence boost for the UK currency, as entering into such a currency sharing agreement would effectively have amounted to the SNP parking a trojan horse outside of the Bank of England, allowing an Independant Scotland to effectively steal the purchasing power of the British Pound by means of printing ever greater amounts of sterling debt (deficit spending) the bill for which would be picked up by the UK tax payer, a permanent leech on the back of UK tax payers.

California couple finds $10 million in rare gold coins while walking dog (gillbilly)

Kagin, whose family has been in the rare-coin business for 81 years, would say little about the couple other than that they are husband and wife, are middle-aged and have lived for several years on the rural property where the coins were found. They have no idea who put them there, he said.

The pair are choosing to remain anonymous, Kagin said, in part to avoid a renewed gold rush to their property by modern-day prospectors armed with metal detectors.

Here Is The FT's Gold Price Manipulation Article That Was Removed (Suzie G.)

Fideres’ research found the gold price frequently climbs (or falls) once a twice-daily conference call between the five banks begins, peaks (or troughs) almost exactly as the call ends and then experiences a sharp reversal, a pattern it alleged may be evidence of “collusive behaviour”.

Reddit Censors Big Story About Government Manipulation and Disruption of the Internet (sand_puppy)

The moderators at the giant r/news reddit (with over 2 million readers) repeatedly killed the Greenwald/Snowden story on government manipulation and disruption of the Internet … widely acknowledged to be one of the most important stories ever leaked by Snowden.

Similarly, the moderators at the even bigger r/worldnews reddit (over 5 million readers) repeatedly deleted the story, so that each new post had to start over at zero.

How Covert Agents Infiltrate the Internet to Manipulate, Deceive, and Destroy Reputations (GM_Man)

Among the core self-identified purposes of JTRIG are two tactics: (1) to inject all sorts of false material onto the internet in order to destroy the reputation of its targets; and (2) to use social sciences and other techniques to manipulate online discourse and activism to generate outcomes it considers desirable. To see how extremist these programs are, just consider the tactics they boast of using to achieve those ends: “false flag operations” (posting material to the internet and falsely attributing it to someone else), fake victim blog posts (pretending to be a victim of the individual whose reputation they want to destroy), and posting “negative information” on various forums.

Bombshell Documents Vanish in the JPMorgan-Madoff Investigation (Thomas C.)

JPMorgan Chase and its predecessor banks, Chase Manhattan and Chemical, oversaw Madoff’s primary business account for more than 20 years. During that time, flagrant money laundering signs should have set off automated bells, whistles and sirens inside the banks and triggered repeated SARs to FinCEN. None were filed by JPMorgan or its predecessor banks according to U.S. law enforcement until after Madoff turned himself in.

Dream of U.S. Oil Independence Slams Against Shale Costs (Mike N.)

Consider Sanchez Energy Corp. (SN) The Houston-based company plans to spend as much as $600 million this year, almost double its estimated 2013 revenue, on the Eagle Ford shale formation in south Texas, which along with North Dakota is one of the hotbeds of a drilling frenzy that’s pushed U.S. crude output to the highest in almost 26 years. Its Sante North 1H oil well pumped five times more water than crude, Sanchez Energy said in a Feb. 17 regulatory filing. Shares sank 7 percent.

Live Webcast: Are We In A Bull Market? (Adam)

Join our webcast with Eric Sprott and Rick Rule to learn their views on the recent upturn in gold and gold stocks.

Water-Cleaning Technology Could Help Farmers (Chris M.)

WaterFX faces a daunting and urgent task. The water is tainted with toxic levels of salt, selenium and other heavy metals that wash down from the nearby Panoche foothills, and is so polluted that it must be constantly drained to keep it from poisoning crops.

Jim Rogers: agricultural prices will “definitely go higher” (Herman J.)

“First of all, the world has consumed more than it has produced over for the last decade, so inventories are near historic lows. But worse than that: we’re running out of farmers! If something doesn’t change soon, we’re not going to have any food at any price…”

“I know prices are going to go higher. To repeat, there’s not going to be any food. This is going to cause a lot more riots and social unrest and turmoil and governments to fail. But again, there’s no alternative, except no food – which will make it worse.”

Catastrophic Solar Storm Inevitable, Insurers Warn (Yoxa)

The threat of solar storm is serious enough that in January, the Federal Energy Regulatory Commission proposed adoption of new standards to address “potentially severe, widespread effects on reliable operation of the nation’s bulk-power system,” according to a statement. Last year, Commissioner Cheryl A. LaFleur said in a statement, “While there is debate over whether a severe GMD [geomagnetic disturbance] event is more likely to cause the system to break apart due to excessive reactive power consumption or to collapse because of damage to high-voltage transformers and other vital equipment, there is no debate that the widespread blackouts that could result under either scenario are unacceptable.”

Florida woman living off solar power and rain water ordered to use city utilities (Amanda)

Speronis said she intends to dispose of her waste as dog owners do for their pets, and she plans to collect wastewater in containers and use it for her garden.

“I know how to live off the grid completely and in a sanitary way,” Speronis said in an email. “That’s what seven months in living in the woods taught me. I do have an alternative toilet from my days of living in the woods.”

More Unusual “Activity” at Yellowstone Super Volcano (Wendy SD)

The ground inside the gigantic mouth of the Yellowstone Super Volcano is rising and moving southeastward. Helium -4, not normally present, has suddenly appeared at Yellowstone in unbelievably large amounts never seen before. When Helium -4 was seen at other volcanoes, it appeared shortly before major eruptions of those volcanoes.

Fukushima Radiation Reaches Waters Off the Coast Of Canada, Expected To Reach U.S. In April (Suzie G.)

The scientists are looking to find cesium-134 as it has a half-life of only two years and would be definitive proof of Fukushima radiation reaching North American shores. Cesium-137 has been found in eight testing locations but no evidence of cesium-134, reports LiveScience.

The Severity of California's Terrible Drought, in One Image (Amanda)

This stark comparison was released to the public this week by the California Department of Water Resources, which announced that it will continue to partner with NASA to monitor and prepare for the diminishing water resources. The agencies will be performing a number of collaborative projects this year, such as flying over the Tuolumne River Basin to determine the health of this source of H2O for 2.6 million people in the Bay Area.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/26/14

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."

6 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4238
jdye51's picture
jdye51
Status: Silver Member (Offline)
Joined: Feb 16 2011
Posts: 157
KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1469
jdye51
jdye51 wrote:

http://www.huffingtonpost.com/2014/02/25/mt-gox-bitcoin_n_4854095.html?u...

 

Anyone have a comment on this?

Plenty of other bitcoin exchanges to compete.  The problem is using fractional reserve banking with bitcoin.   Will we ever learn?

Boomer41's picture
Boomer41
Status: Silver Member (Offline)
Joined: Nov 30 2008
Posts: 137
Yellowstone Scare Hoax

The story warning Yellowstone supervolcano is about to blow is pure baloney. The originators, preppersworld.com are apparently notorious for exaggerating doom and gloom.

A quick look at the USGS site http://volcanoes.usgs.gov/activity/status.php will reassure anyone packing up to flee from Livingston or Bozeman.

jonesb.mta's picture
jonesb.mta
Status: Silver Member (Offline)
Joined: Jun 11 2008
Posts: 126
Yellowstone Super Volcano

I know less than nothing about volcanoes but there's an article that supposedly refutes the above article on preppersworldusa:

http://www.outsideonline.com/outdoor-adventure/the-current/footprint/The...

 

jonesb.mta's picture
jonesb.mta
Status: Silver Member (Offline)
Joined: Jun 11 2008
Posts: 126
Yellowstone Super Volcano

As I said before, I know less than nothing about volcanoes and tend to put more credence in the outsider article refuting the preppersworldusa article but I believe very little the U S government says any more.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments