Daily Digest

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Daily Digest 3/10 - A Secret History Of The American Crash, Find Your Next Pig Thing

Monday, March 10, 2014, 10:39 AM

Economy

Ukraine Gold Reserves Said To Be Put On Plane For Safekeeping in the U.S. (Thomas C.)

Official narrative: gold bullion is going to USA (maybe to reassure the Germans their gold is in safe hands, after all the despite numerous requests from the German Govt The Feds have not given access for them to even view their Gold Bullion) . Real narrative: probably to Switzerland where it is divided between Yulia Tymoshenko and her cronies.

Younger generations may well be in for a bumpy economic ride (HughK)

So far, every prediction in the modern era that mankind's lot will worsen, from Thomas Malthus to Karl Marx, has turned out to be spectacularly wrong. Technological progress has trumped obstacles to economic growth. Periodic political rebalancing, sometimes peaceful, sometimes not, has ensured most people have benefited, albeit some far more than others.

A Secret History of The American Crash (Gonzalo L.)

Written from the point of view of the year 2020, the Secret History presents the testimony of eye-witnesses to the events that marked and shaped America between 2014 and 2020, such as: a violent economic collapse that dwarfs the Great Depression: Gasoline shortages—food riots—mass unemployment—collapse in basic services—mass migrations—and the end of the dollar as the reserve currency.

Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says (Dana T.)

Borrowing has soared as central banks suppress benchmark interest rates to spur growth after the U.S. subprime mortgage market collapsed and Lehman Brothers Holdings Inc.’s bankruptcy sent the world into its worst financial crisis since the Great Depression. Yields on all types of bonds, from governments to corporates and mortgages, average about 2 percent, down from more than 4.8 percent in 2007, according to the Bank of America Merrill Lynch Global Broad Market Index.

Nigerians Ask Why Oil Funds Are Missing (jdargis)

In interviews here, Mr. Sanusi gave a detailed account of the events that he said led to his ouster on Feb. 20, a dismissal that continues to depress the country’s currency and frighten investors. He said his warning to the bankers had been reported straight back to the threatened seat of power in the country’s capital, Abuja.

It was too much, he said. With his accusations, which outside analysts consider credible, the soft-spoken, bow-tied central banker appeared to have penetrated to the heart of the country’s entrenched corruption problem.

Hydropower increasingly important in Scotland (James B.)

Scotland’s First Minister and SNP leader Alex Salmond has insisted that Scotland would not be reliant on the North Sea, describing it as "not the basis of the Scottish economy" but "a marvelous bonus" and suggested the setting up of a Scottish oil fund.

Which Pig: Find Your Next Pig Thing (jdargis)

With a lifespan of at least 10 years, a pet pig is a big commitment. Outdoor pigs need a nice dry place to sleep, like a strawfilled shed or doghouse. Indoor pigs need comfortable, soft bedding — large crates or dog beds work well. As natural herd animals, pigs like company, so much so that pig owners report it’s often easier to keep two pigs than just one. And your pigs will need space to exercise. The major problems with pigs of all kinds, says Dr. John Carr, a veterinarian specializing in pigs, is that “the adults are generally overfed.” In other words, don’t let your porker become a porker.

Americans have no idea how much water they’re using (jdargis)

It’s not totally clear why there is such a disparity between what people consider reasonable for themselves and what they recommend for others, and this study didn't test that question explicitly. Efficiency strategies are generally more effective than curtailment in terms of reducing long-term water use, but it’s possible that the upfront cost of installing high-efficiency appliances sounds more appealing if someone else is footing the bill.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/8/14

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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LesPhelps's picture
LesPhelps
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Posts: 728
Utter Hogwash!
Younger generations... wrote:

So far, every prediction in the modern era that mankind's lot will worsen, from Thomas Malthus to Karl Marx, has turned out to be spectacularly wrong. Technological progress has trumped obstacles to economic growth. Periodic political rebalancing, sometimes peaceful, sometimes not, has ensured most people have benefited, albeit some far more than others.

Utter hogwash!  

Thomas Malthus was talking about current conditions and current events and current techniques.  Distilled down, what Malthus was describing was consistent exponential growth in a constrained environment.  Perhaps exponential math is spectacularly wrong?  The only thing that Malthus "missed" was the industrial revolution, brought on by cheap energy in the form of crude oil.  Why do you suppose he missed that in the late 1700s?  

People can be so lame and off the mark with their critial review of predictions when it meets the purpose of their argument.

I won't comment on Marx.  I'm not a fan of his ideas.

There have been examples of what Malthus was taulking about throughout human history.  The only difference is that past examples were regional or localized.  We are facing the first global example, since we have the first global economy, thanks to oil.

Every prediction I recall reading regarding our coming problems, starting with Hyman Rickover's speech in 1957 have been surprisingly accurate in predicting when we were going to face a global problem.  Virtually all of the predictions and graphs from the Club of Rome to the GAO have shown graph peaks in the 2015 to 2020 time frame.

Most politicians and the MSM have been criticizing these predictions since the mid 1970s.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4062

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