Daily Digest

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Daily Digest 9/25 - Wallowing In Bias, 10 Things That Affect Your Purchasing Power

Thursday, September 25, 2014, 11:05 AM

Economy

CDC: Ebola could infect 1.4 million in Liberia and Sierra Leone by end of January (Marc H.)

CDC Director Tom Frieden cautioned that the estimates in the new report from his agency do not take into account the actions taken, or planned, since August by the United States and the international community. Help is on the way, and it will make a difference, he said — but time is of the essence.

“A surge now can break the back of the epidemic, but delay is extremely costly,” Frieden said.

Ten Things That Affect Your Purchasing Power (Tyler K.)

Since 2007, median net worth has tanked, almost any way you cut it. The one group that escaped a decline was the Current Work Status of “other,” whose median net worth in 2007 was $6,000, and in 2013 was $9,000. Yes, I know… fat cats on Wall Street and corporate executives are raking in ridiculous sums of money, so there must be small pockets of people that have seen their fortunes rise over the past six years. These groups are so small that they exist at the edges of society.

Iraq, Syria and Ukraine-Financial Gateways-Nomi Prins (pinecarr)

Prins, who was also a top Goldman Sachs banker, says there are big risks for bankers in the Middle East and warns, “What could go wrong is we could get into another five or ten years...of civil war with multiple factions of terrorism in the area that we cannot possibly have control over. The fact that we are even having this conversation, the conversation in Washington is going on about ISIS, means we have no control over the situation.

The United States has been trying to pick the faction that is going to be most friendly for decades, and the faction that is most friendly is the one that is supposed to support the opening of the area for financial and resource purposes, and that doesn’t always work! It often leads to heightened terrorism and heightened aggression against the United States and its citizens. We come in and make that unstable situation even more unstable.”

FBI Releases Report Examining Mass Shootings (jdargis)

According to the report, an average of six shooting incidents occurred in the first seven years that were studied. That average rose to more than 16 per year in the last seven years of the study. That period included the 2012 shootings at a movie theater in Aurora, Colorado and at Sandy Hook Elementary School in Newtown, Connecticut, as well as last year's massacre at the Washington Navy Yard in which a gunman killed 12 people before dying in a police shootout.

Gold, Silver, Debt, And Taxes (GE Christenson)

Look at the following graph of the ratio calculated back to 1971. Does the bubble in the gold to national debt ratio in 1980 look similar to the increase in the ratio into 2011? Clearly not! Gold bubbled up from about $100 to over $800 in about 3.5 years back in 1976 – 1980. The rally from the October 2008 lows in gold to the August 2011 high was impressive but not similar to the 1980 rally. You can see from the graph of the ratio that the 2011 high was barely a “blip” on the graph compared to the spike upward in 1980.

Wallowing In Bias (Eric G.)

Bias is ubiquitous in human society, and I suspect it always will be. The trick, in science as well as everyday life, is to learn to see our biases and their impacts, both positive and negative, and to be discerning about which we hold onto and which we work to dismantle. In the sciences, and throughout society more generally, bias has become so demonized that we can’t hardly talk about it. I think this is quite dangerous, and hope it changes sooner rather than later.

Despite Rising Voice of Climate Movement, Global Leaders Dither (James S.)

The largest ever gathering for climate action took place in New York on Sept. 21, just two days ahead of a major negotiations on a climate treaty between global leaders at the United Nations. The “People’s Climate March” attracted an estimated 400,000 people and the message to the political class was clear: stop dithering – it’s time for meaningful action to reduce global carbon emissions.

At U.N., Obama Calls Climate Change a ‘Global Threat’ (jdargis)

More than 120 world leaders gathered on the sidelines of the U.N. General Assembly to organize support for a global climate treaty to be finalized next year in Paris. U.N. Secretary-General Ban Ki-moon, the summit's host, asked representatives of nations to come to New York with specific pledges in hand to mitigate climate change, as a way to show they're serious about ambitious emissions reductions in the treaty.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/24/14

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."

8 Comments

Thetallestmanonearth's picture
Thetallestmanonearth
Status: Gold Member (Offline)
Joined: Feb 28 2013
Posts: 324
ISIS??

Reading articles like this make me want to share what is actually happening in the middle east and the rest of the world with everyone I know.  The lies have become so blatant, but they are so large and intermingled that they are almost impossible to explain in the 30 seconds that my friends and family give me before they tune me out or write me off.  Even if I could get further than that, I'm not sure I could unravel all the strings that lead (presumably) back to some center of disgusting truth.....but I guess that is the plan,

Very few people even pretend to understand the situation anymore, but most I talk to still feel passionate that [ISIS=bad (because beheading; because CNN/FOX)].  They have a vague idea that the story doesn't track, but they are worn out and don't dig in.  If they did, "what good would it do anyway?"  Part of the problem is that trying to bring someone up to speed requires a completely different understanding of history.  Each major event has to be dissected and explained and confirmation bias of the official story has to be overcome.  Tackling one event in isolation without first addressing the history leading up to it is impossible  Someone should write a well researched alt.history of the US, though I suspect if they got it right they would end up as a floater in a hot tub or make a fatal mistake with a nail gun.

 

http://www.zerohedge.com/news/2014-09-25/look-inside-secret-deal-saudi-a...

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4169
AKGrannyWGrit's picture
AKGrannyWGrit
Status: Gold Member (Offline)
Joined: Feb 6 2011
Posts: 474
Earthquake

Rock and roll! Had a roller, a 6.2 earthquake, no damage or lights out but a few evacuations and some spilt coffee. A great reason to have extra supplies just in case.

AK Granny

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
If they still believe

the biggest lie of all after 13 years, then there is little hope of them coming round in time to save the day. But as we are well rehearsed on this site of saying, "that is the power of mainstream news". 

Once the penny drops they will never trust the talking heads ever again. Try the anecdotal "Anatomy of a great deception" and dive for cover!

I have not got my copy yet, but by all accounts people who are in denial about 9/11, just get it!

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1449
Today's Market DOW - Opening?

Who sold big time at start of trading?  It was massive volume.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2840
Fossil Fuels

It was a fun ride while it lasted (some non-gloom-and-doom chewing gum for the mind).

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
The Winner.

The Segway wins,

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4169
U.S. public pension gap at least $2 trillion -Moody's (Tripled)

 

"The U.S. public pension gap has tripled to at least $2 trillion in less than a decade, Moody's Investors Service said in a report on Thursday."

"A generous bailout from the federal government kept the bankers afloat. And since then, most of the denizens of the Street have come out just fine.

Yet more than 4 million American families so far have lost their homes. They were caught in the downdraft of the Street’s gambling excesses. They had no idea the housing bubble would burst and didn’t read the fine print in the mortgages the bankers sold them.

But they weren’t allowed to declare bankruptcy and try to keep their homes."

" A commission convened by Gov. Chris Christie to look into the health benefits and pension liabilities for public employees reported Thursday that the costs threaten to put a $90 billion drain on New Jersey’s future state budgets."

"Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas, U.S. Energy Information Administration (EIA) chief Adam Sieminski said in an interview on Wednesday."

 

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