Daily Digest

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Daily Digest 4/3 - Program Gives Bees A Leg Up, Could You Get By on a Low-Wage Job?

Thursday, April 3, 2014, 12:04 PM

Economy

Could You Get By on a Low-Wage Job? (jdargis)


Nearly a third of all working families in the U.S. struggle to pay for their basic necessities every month. For Americans working in jobs that don’t require a college degree—minimum-wage workers at McDonald’s, sales associates at Walmart, those working multiple part-time jobs in retail—the struggle is more pronounced.

China Leans Toward More Stimulus Measures (jdargis)

A government-affiliated survey released Thursday of purchasing managers’ sentiment in nonmanufacturing sectors like construction, computer software and aviation showed a fairly sharp drop in March. The decline came with sentiment in the manufacturing sector bumping along at weak levels since January and with real estate prices beginning to rise less quickly and overall industrial activity starting to grow less briskly.

The Rise of a Euro-Chino-Russian Superpower (Kevinoman0221)

"In my view, high-level Wall Street players are orchestrating the gold price drop as a means of making people believe everything is in order again... In the short term, the gold price can fall due to manipulation, but in the mid- to long-term, betting on gold is a sure thing because Russia and China are betting on gold as well. They both know that the fiat system hates gold and they know that once the gold market has dried up or if the U.S. threatens them, they can let the gold price explode."

Congress is deceiving the American people about the federal budget: Bill White (Dana T.)

When it comes to balancing today’s budget, the debt ceiling is a joke, says White. “Congress votes to spend money that is greater than the available tax revenue and then they debate later on whether or not to raise the debt to pay for the spending that they’ve already authorized.”

White believes lawmakers should go back to the way they used to fund policy—votes on government spending had to happen immediately and agreed to that day.

China, UK sign deal on RMB clearing bank (RW)

He said Britain and Germany are not in competition with each other to secure a clearing bank because it is possible for Europe to have multiple official clearing banks appointed by the PBOC.

"For example, in Asia, there are clearing banks in many financial centers, including Hong Kong, Macao, Singapore and Taipei. So, the same can happen in Europe," Carmichael said.

Gold's Stealth Rally Remains Under The Radar (Taki T.)

For the previous decade up until last year, physical gold demand had driven the gold bull market. However, ETFs have over this time accumulated a greater and greater share of the market. Thus, last year’s sudden ETF sell-off was enough to drive total global gold demand down 15% year-over-year. Even 28% growth in bar and coin demand – resulting in record-breaking total demand – couldn’t counter the market’s bearish turn. But ETFs are getting back in the game. GLD started adding to its holdings again in February, the first increase since December 2012. And by mid-March, COMEX gold futures contracts had the most net-long positions since November 2012.

High-frequency trading is a growing cancer that needs to be addressed (kelvinator)

As Michael Lewis shows in his new book Flash Boys, the high-frequency trading cancer is deep. It has become systematic and institutionalized, with the exchanges supporting it through practices such as preferential data feeds and developing multiple order types designed to benefit high-frequency traders. These traders have become the exchanges favored clients; today they generate the majority of transactions, which create market data revenue and other fees. Data last year from the Financial Information Forum showed this is no minor blip. High-frequency trading pumped out over 300,000 trade inquiries each second last year, up from just 50,000 only seven years early. Yet actual trade volume on the exchanges has remained relatively flat over that period. It’s an explosion of head-fake ephemeral orders – not to lock in real trades, but to skim pennies off the public markets by the billions. Trade orders from individual investors are now pawns in a bigger chess game.

Program Looks to Give Bees a Leg (or Six) Up (jdargis)

The causes of the decline, known as colony collapse disorder, are still being studied. But they appear to be a combination of factors that include parasites, infection and insecticides. Underlying all of these problems is the loss of uncultivated fields with their broad assortment of pollen-rich plants that sustain bees. That land has been developed commercially or converted to farming corn, soybeans and other crops.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/22/14

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1894
Population Control (the VERY hard way)

Pictures of the newest automated drone battleship are released.

And rumors of the latest "invisible" aircraft.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2833
DD1000

Zumwalt - reduced crew ship, highly automated.  Probably 100 sailors needed to operate (a guess).

http://en.wikipedia.org/wiki/Zumwalt_class_destroyer

VERY expensive.

Denny Johnson's picture
Denny Johnson
Status: Gold Member (Offline)
Joined: Aug 13 2008
Posts: 348
2016 Constitutional Convention?

http://www.zerohedge.com/news/2014-04-03/martin-armstrong-warns-2016-constitutional-convention

This week the state legislature of Michigan became the 34th state to demand a “Constitutional Convention” in the United States.  Pursuant to Article 5 of the US Constitution, if 2/3rds of the states call for such a convention, (meaning 34 states)  it MUST take place..........Keep this one on your radar – we are looking at the potential for real change good or bad.

 

http://en.wikipedia.org/wiki/Convention_to_propose_amendments_to_the_United_States_Constitution

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
Status: Martenson Brigade Member (Offline)
Joined: Jan 4 2009
Posts: 2606
Close enough

3.45B a copy, crew complement of 140ish, IOC next March.

You can keep the tumblehome hull design.....I'd rather be on an even keel 400 feet below the waves rather than rolling around in them.

Price tag is steep, but there's an awful lot of spiral technology from this effort.

 

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
Of Course

it will be used in the usual fashion to destroy civilization and the civilian populations within with minimal military targeting.

Lets just have the nuclear Armageddon and be done with it!

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Cure for depression

Manic Researchers Announce They Are Hours Away From Cure For Depression

Source.

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