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Daily Digest 11/26 - Brazil Edges Towards Epic Water Crisis, Russian Economy Faces Recession

Wednesday, November 26, 2014, 9:44 AM

Economy

Brazil edges to brink of epic water crisis

One of the world’s biggest cities is running out of water. Sao Paulo, a city of 20 million people, could run dry within weeks. The humanitarian and economic cost would be immense. The fiasco should be a global wakeup call for other metropolises.

West Valley cities eyeing reclaimed water amid drought, population growth

Drought and population growth are driving some West Valley cities to place a greater importance on reclaimed water — or water from a toilet, shower, dishwasher and the like — as a renewable drinking-water resource.

Euro-Area Yields Drop to Records as Dutch Borrow at All-Time Low

Spain’s 10-year yield dropped five basis points, or 0.05 percentage point, to 1.923 percent as of 4:17 p.m. London time and touched 1.922 percent, the lowest since Bloomberg started collecting the data in 1993.

Russian economy faces recession again following Ukraine sanctions

"We are losing around $40bn per year due to geopolitical sanctions and we are losing some $90bn to $100bn per year due to oil prices falling 30pc," Mr Siluanov said in a speech in Moscow, reported by RIA Novosti news agency.

South Africa’s Economic Growth Continues to Decline

South Africa’s economy expanded less than expected in the third quarter, putting the continent’s most developed economy among other big emerging-market peers that are failing to bring about a hoped-for global recovery.


Bundesbank Says Banks Risk Property Loss If Economy Sags

Home prices in Germany’s biggest seven cities are about 25 percent overvalued, the central bank said, unchanged from February.

“If problems in the property market arise in isolation, in an otherwise stable economic landscape, banks should be able to compensate for mortgage losses through profits elsewhere,” the Bundesbank said. “However, because property crises are often accompanied by a macro-economic slowdown, the aggregated losses could significantly impair banks’ ability to cope with risk.”

OECD downgrades growth forecast for Japan amid recession

The Organization for Economic Cooperation and Development has downgraded its projections for Japan’s economic growth in 2014 and 2015, acknowledging that the country has slipped back into recession in the wake of the April 1 consumption tax hike.

BOJ’s Kuroda, unfazed by yen falls, signals readiness to ease more

Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank’s readiness to expand stimulus further to meet its price goal, standing firm in the face of criticism that last month’s monetary easing has accelerated unwelcome falls in the currency.

Japan central bank gov. says companies must raise wages, investment, says hoarding cash costly

Profits of Japanese corporations have soared thanks to the central bank's monetary expansion, which has weakened the yen. But wages for many workers have remained flat or even fallen, while prices have risen.

Weak purchasing power is seen as one reason why consumer demand has fallen and remained weak after a sales tax hike in April, from 5 percent to 8 percent.

Lawmakers Look for Ways to Provide Relief for Rising Cost of Generic Drugs

One half of generic medicines went up in price between last summer and this summer; about 10 percent more than doubled in cost in that time, with some common medicines rising by over 500 percent, new data released in connection with a Congressional hearing found.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/25/14

Provided daily by the Peak Prosperity Gold & Silver Group

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11 Comments

Tall's picture
Tall
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Six Myths About Climate Change that Liberals Rarely Question

The conservative denial of the very fact of climate change looms large in the minds of many liberals. How, we ask, could people ignore so much solid and unrefuted evidence? //

If we broadened the debate just a little bit, however, we would see that most liberals have just moved a giant boat-load of denial down-stream, and that this denial is as harmful as that of conservatives. While the various aspects of liberal denial are my main overall topic, here, and will be addressed in our following five sections, they add up to the belief that we can avoid the most catastrophic levels of climate disruption without changing our fundamental way of life. This is myth is based on errors that are as profound and basic as the conservative denial of climate change itself.

http://www.resilience.org/stories/2014-11-26/six-myths-about-climate-cha...

Thetallestmanonearth's picture
Thetallestmanonearth
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re: Six Myths About Climate Change that Liberals Rarely Question

I got asked recently by a relative who is a self described die-hard republican and has been vocal about climate change being a hoax if I thought climate change was anthropogenic.  I am generally inclined to believe the science I have read on the subject, but I wanted to continue the conversation and I sensed the trap he was trying to bait me into.  If I said yes, then to him that would have discredited everything else I believe.  Instead, I said something to the effect of: I don't know, but here is what I do know.  Species are going extinct at the fastest rate since the last great extinction. It's projected that at current rates of depletion there will be no big fish left in the ocean by the time I'm an old man.  There is an island of plastic in the pacific the size of a small country.  I have watched starfish melting to death on the beaches of the NW coast. Air pollution is so bad in cities that it is having a measurable impact on life expectancy.  We have lost about half of the topsoil in the heartland since the industrial revolution and soil life in treated fields is almost nonexistent. There are dead zones in the oceans anywhere you find major populations living on rivers upstream.  So is climate change anthropogenic....who knows, but I'd say there are a number of problems we are causing that threaten to destabilize the environment we depend on.

I expected that to be a conversation ender, but I was pleasantly surprised that he reacted openly and actually wanted to discuss and learn about some of the things I listed.  As long as I didn't slaughter his sacred cow and allowed him to maintain his belief, we could talk about the real issues. It was no longer a blue vs. red thing. In truth, if we worked towards solutions for all the problems I listed above, we would be a lot further along in mitigating climate change than we are currently. So who cares who caused it. Let's fix it.

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Arthur Robey
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Jim Ricards Lays Out the Financial Facts

This interview with Ricards is about 2 months old. It has received few views. Far fewer than it deserves.

 

cmartenson's picture
cmartenson
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Well done!
Thetallestmanonearth wrote:

I expected that to be a conversation ender, but I was pleasantly surprised that he reacted openly and actually wanted to discuss and learn about some of the things I listed.  As long as I didn't slaughter his sacred cow and allowed him to maintain his belief, we could talk about the real issues. It was no longer a blue vs. red thing. In truth, if we worked towards solutions for all the problems I listed above, we would be a lot further along in mitigating climate change than we are currently. So who cares who caused it. Let's fix it.

Tallest - Great example of how to go about having a discussion.  Unless there's a specific need to slaughter someone's sacred cow, then don't.  And certainly not if there's other paths that might get you to the same spot as the cow slaughter.

Never.

Always take the easy path.

Common ground that leads the same direction is the best sort of ground there is.

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saxplayer00o1
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Tall's picture
Tall
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Didn't mean my post to be partisan

I just wanted to make that clear.

I included the post because there is so much polarization among ideologies. Yet NO ONE talks about the elephant in the room: the basic facts of our over-consumption in the US and the exceptional nature of petroleum that makes it hard to replace. I thought it was a well written wake up call about the issue.

Thetallestmanonearth's picture
Thetallestmanonearth
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I didn't interpret it as

I didn't interpret it as partisan...sorry if it came off that way in my reply.  I agree with you completely and also thought the article was well written and makes some great points.   Your comment just sparked a memory for me that I wanted to share in case it helps other people in their interactions.  Thanks for sharing it!

Tall's picture
Tall
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Thanks, your story was very useful

No need to apologize. It just occurred to me after reading your story that my post might be misinterpreted as partisan by some. I did not infer from your post that you felt it to be so.

I am glad that you shared your story with us as I struggle with clear non-confrontational communication on these 'hot button' issues. Your example may certainly help in the future, although I am not sure I can pull it off so coherently!

KennethPollinger's picture
KennethPollinger
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Just in case you missed this

Many thanks to ALL of you on this GREAT Day.  May your turkey be as delicious as mine!!

I posted this on the Treebeard discussion but very long down the pike and so thought some of you might have missed it.  In light of The tallestmanonearth's magnificent post above, some of you just might see value in what's below.  The Non-violent Communication movement is a really great theory/practice to know about and to practice, as it gives out in specific detail how to go about avoiding unnecessary conflict between folks in their conversation.  Chris: I highly recommend you interview someone about this "way of communication," and I can recommend someone if you wish.  TRUE that personal transformation is KEY, but methinks that we also need societal action for societal transformation (just as you folks do at PP.com).

How to balance all this is quite a challenge.

 

 

 

Status: Silver Member (Online)
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+ 1
Totally Pleased And Joyful

Believe it or not, I just NOW read the entire podcast and the comments--was too busy with material things.

Oh Happy days are here again!  As an ex-Jesuit of 15 years, a yoga/zen/mindfulness meditation instructor and founder of three Retreat Centers, along with a practice in Gestalt psychotherapy, a sociology professor, and "enlightenment" seeker of many years, as well as a student of Non-violent Communication, ALL of the above posts by all of you gladened my heart of hearts, which is primarily Zen-oriented.  (This not identificationshit, or bragging jazz--just some parts of me). (By the way, my grandson calls me Zen-Zen!--imagine a double Zen guy--smart kid!)

However I'd like to add something here.  I have been reading some books by Amit Goswami--The Self Aware Universe; Quantum Creativity; The Visionary Window: A Quantum Physicist's Guide to Enlightenment; God is Not Dead, Doctor Quantum, etc.

I also met this very authentic scientific spiritual being for 3 hours and found him to be one of the few that I felt totally connected to: heart to heart, mind to mind, spirit to spirit.  His books bridge the scientific with the spiritual (especially the Eastern forms) like no other books I have read.  So . . .highly recommended.

He even will publish a new book soon: Quantum Economics!!!  Can't wait to see this one.

My life of the later years has been involved in trying to create authentic physical communities, mutually supportive spiritually-oriented places of personal transformation.  Quite a challenge! with frequent bouts of disappointment, doubt, hopelessness and more.  THIS PODCAST shows that a VIRTUAL community is truly possible and maybe I just need to be more of a conduit wherever that will lead regarding physical community.  Thanks to all of you for you all!!

 

KennethPollinger's picture
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0
A Few More Things Goswami

I forgot to mention some of Goswami's other books that merit consideration:

Physics of the Soul: The Quantum Book of Living, Dying, Reincarnation, and Immortality; and also, Creative Evolution.

Even more important for some, is that he will facilitate a month-long Quantum Life Coaching Teacher's Training course in COSTA RICA, mid-Jan to mid-Feb 2016 at our Awareness Center: www.AwarenessCenters.com in the most beautiful of countries.

Plus, a weekend Seminar at the New Age Center next summer (Nyack, NY) where hopefully about 75 folks will show up and of those, hopefully about a dozen will then attend the Costa Rica experience of 2016,

He even is a quantum ACTIVIST (thus personal as well as social transformation)--see his book: How Quantum Activism Can Save Civilization.

Just needed to share some of this will you all.  Have a Blessed/Great Thanksgiving.  

Zen,aka. Ken         And I personally invite all of you to stop by our humble space in Costa Rica this cold winter--just call or email beforehand.

 

phecksel's picture
phecksel
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Posts: 204
Thetallestmanonearth wrote:
Thetallestmanonearth wrote:

we would be a lot further along in mitigating climate change than we are currently. So who cares who caused it. Let's fix it.

Most of your list have absolutely nothing to do with "global warming", oh wait, now it's climate change.  How many remember the returning ice age in the 70's?

Man has little impact on the "climate", if at all.

However, you raise a lot of good points that many followers of PP recognize.  Man is using up natural resources faster than it can be replenished, if at all.  What happens when the oil is gone?  What happens when the ocean can no longer be stripped of fish, because they are all gone?  What impact will mountains and mountains of trash dumped into the ocean have?

For conversation purposes, I'll grant you the "climate change".  IMO, those other issues are far more dangerous to man future then any real or imagined impact on the weather.

KennethPollinger's picture
KennethPollinger
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Posts: 653
The ULTIMATE preparation, no?
 
Ever since I was trained as a Jesuit (philosophy/theology) and got my doctorate in sociology I have been fascinated with how science and spirituality can be integrated.
How do we know that we know?
What are the metaphysical assumptions behind science?
How might classical physics be on the wrong track, or at least cannot answer certain paradoxes.
How does quantum physics fit into all this?
Where might Darwin be wrong or incomplete? And is there something to complement it?
And does ANY of this mean anything to us folks at PP.com?
 
Treebeard's post certainly opened up a torrent of great thinking, especially about so-called "spiritual" endeavors, no?
Strikes me that more of this is needed, without changing the basic orientation of the website.  After all, spiritual resiliency is one part, and, in my opinion the most important part since some sort.of MAJOR worldwide ending of everything, or a great part of it, needs to be addressed.  The ULTIMATE preparation is for DEATH, whether natural or man-made.  So, DYING resiliency might be another category to include in our searches, overcoming the FEAR of this event and embracing it resiliently.
 
In this regard, I have offered on PP.com some thoughts about science and spirituality and their integration, along with ONE of many possible answers/paradigms.
 
May I suggest an interview with Amit Goswami, Ph.D., introducing the Quantum Physics Viewpoint on all this. Check out his works and see what you think.
 
Many thanks for your consideration.  Zen

 

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