Daily Digest

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Daily Digest 5/5 - Safe Havens Since The Financial Crisis, Where The Wild Things Were

Monday, May 5, 2014, 9:57 AM

Economy

Ukraine suffers deadliest day in months; 34 killed in Odessa (jdargis)

Friday evening, a pro-Ukrainian mob attacked a camp where the pro-Russian supporters had pitched tents, forcing them to flee to a nearby government building, a witness said. The mob then threw gasoline bombs into the building. Police said 31 people were killed when they choked on smoke or jumped out of windows.

Stephen Hawking: 'Transcendence looks at the implications of artificial intelligence - but are we taking AI seriously enough?' (jdargis)

One can imagine such technology outsmarting financial markets, out-inventing human researchers, out-manipulating human leaders, and developing weapons we cannot even understand. Whereas the short-term impact of AI depends on who controls it, the long-term impact depends on whether it can be controlled at all.

Faber: The Market is Long Overdue for a Significant Correction (Herman J.)

On whether or not China is headed toward financial crisis, Dr. Faber had this to say: “You know, this discussion about China being a bubble or not, all I can say is that the credit expansion as a percentage of GDP – which has been 50% between 2008 and today – is unprecedented in any country in modern history…The credit expansion points towards a credit bubble of huge dimensions.”

Safe Havens Since The Great Financial Crisis (Taki T.)

However, since the first round of tapering in December 2013, the Dollar has been losing ground. Admittedly, we are not able to find any serious argument as an explanation. The US Fed has tapered already half of their monthly bond purchases; the Dollar has gone down since then. On top of that, the situation in Ukraine is not really supporting the greenback. The only rationale for this trend, in our view, is inherent weakness.

Interestingly, the chart reveals how “dollar positive” events (marked with green arrows) since the summer of last year have not resulted in strength in the dollar.

Scientists race to develop farm animals to survive climate change (Jason C.)

That means efforts like the one here, in which Carl Schmidt and his colleagues are trying to map the genetic code of bizarre-looking African naked-neck chickens to see if their ability to withstand heat can be bred into flocks of U.S. broilers.

"The game is changing since the climate is changing," Schmidt said. "We have to start now to anticipate what changes we have to make in order to feed 9 billion people," citing global-population estimates for 2050.

U.S. Announces First Superstorm-Related Oil Reserve (James S.)

The U.S. Department of Energy announced on May 2 that it plans to build an oil storage facility in the northeast to prepare for future emergencies. The storage reserve will hold approximately 1 million barrels of gasoline, and DOE estimates it will cost $215 million to build. The decision to build gasoline storage infrastructure is part of the government’s response to the widespread damage caused by 2012’s Hurricane Sandy. In the super storm’s aftermath, people in New Jersey and New York suffered through periods of blackouts and gasoline shortages. Some gas stations had no supplies for 30 days and others experienced long lines.

Michigan Takes Away the “Right to Farm” from Folks in the Suburbs (June C.)

Little by little, more people are becoming aware of the horrors in industrial agriculture. We don’t want to ingest hormones and antibiotics secondhand. We realize that whatever the animal has been fed, we are also being fed, so we don’t want to eat eggs that come from chickens fed GMO corn. We understand that the horrible cruelty in which factory-farmed animals are raised certainly does not result in a healthy meat product in the styrofoam package. We know that the only way you can know for sure what you are getting is to raise it yourself.

Where The Wild Things Were (jdargis)

he Campanarios de Azaba is a pilot project run by Fundación Naturaleza y Hombre (which roughly translates to the Nature and Man Foundation), a Spanish conservation group, in collaboration with Rewilding Europe, a Netherlands-based initiative that aims to rewild one million hectares (nearly 4,000 square miles or 10,000 square kilometers) over the next 10 years. Plans include the reintroduction of large herbivores, such as red deer, ibex, and bison, into 10 designated areas across the continent, from western Spain to eastern Romania, as part of the group’s attempts to allow natural processes, rather than continued human management, to shape the landscape. “It’s about making Europe a wilder place,” says Frans Schepers, managing director of Rewilding Europe, “a place with more scope for natural ecological processes to restore self-sustaining ecosystems.”

Gold & Silver

Click to read the PM Daily Market Commentary: 5/2/14

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."

2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
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Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Carrington Event missed Earth by 1 week.

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