Daily Digest

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Daily Digest 12/20 - Sinking Oil Price Hard on North Sea Producers, Making The Internet A Utility

Saturday, December 20, 2014, 11:16 AM


The Baltic Dry Index Has Never Crashed This Fast Post-Thanksgiving (pinecarr)

We are sure it's nothing - since stock markets in China and The US are soaring - but deep, deep down in the heart of the real economies, there is a problem. The Baltic Dry Index has fallen for 21 straight days, tumbling around 40% since Thanksgiving Day.

End Game: Putin May End Ruble Crisis By Taking Russia Onto the Gold Standard (pinecarr)

Precious metals turned in a very respectable week considering the way the week started, the high volatility in other assets, and this being an FOMC announcement week. GOFO slipped back into negate rate territory by the end of the week demonstrating all over again that the managed retreat thesis we’ve been discussing for two months remains in operation, and anytime the cartel tries to take gold down below $1,200 for any length of time, stresses in the physical market appear. We discuss this and more with Alasdair.

Making the Internet a utility—what’s the worst that could happen? (jdargis)

Theoretically, the FCC could also enforce “local loop unbundling,” which would force network operators to lease access to last mile infrastructure. In turn, this could bring a new set of competitors who would resell Internet service over the incumbents’ networks without having to lay their own wires throughout each city and town, similar to how the DSL market operated before the FCC removed the unbundling requirement in 2005.

U.S. Declares Bank and Auto Bailouts Over, and Profitable (jdargis)

While both the Tea Party and Occupy movements in many ways appeared to embody the political fringe on both sides of the political spectrum, they gave voice to millions of Americans who felt singed, cast aside and marginalized through the sins of corporate America. Conservatives and liberals were left feeling that Washington was willing to do whatever it took to save mega-banks and corporations, while letting the vast majority struggle with unemployment, declining wages, disappearing savings and houses worth less than their mortgages.

How ‘Deprogramming’ Kids From How to ‘Do School’ Could Improve Learning (jdargis)

“Students clearly learned in Mr. Holman’s class, and he never pushed fear,” wrote a former student, Kate Nunke, in an email. She described the rest of her high school experience as one long fear fest: “Fear of not getting into college, fear of not passing, fear of disappointing parents, fear of looking like a fool in front of your peers,” the list goes on. But Nunke says Holman’s teaching style jolted students into thinking about their learning in a new way.

Sinking Oil Price Is Hard on North Sea Producers (jdargis)

That could mean the abandonment of $27 billion worth of planned development and a threat to the jobs of many of the nearly half a million people in Britain who work directly or indirectly in the oil industry. And at current prices, many older North Sea oil and gas fields could begin losing money, potentially causing them to be shut down.

Oil Slump Pushes Investors to Exit Commodities (Richard B.)

“Now is not a time to be overweighting commodities,” Sameer Samana, a senior international strategist at Wells Fargo Advisors LLC in St. Louis, which oversees $1.4 trillion, said in a Dec. 17 telephone interview. “For now, the outlook is still negative. It wouldn’t surprise us to see prices go down even further. We wouldn’t be taking any tactical positions.”

Thermoelectric power plants could offer economically competitive renewable energy (Arthur Robey)

Large-scale, ocean-based thermoelectric power plants would have many advantages. For one, the "fuel" or temperature differences are free, unlimited, and easily accessible. Also, the plants do not take up space on land. Because they have no moving solid parts, they would have low maintenance costs. In addition, the power output does not depend on the time of day or season. And finally, the method is green, as it does not release emissions.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/18/14

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."


phecksel's picture
Status: Silver Member (Offline)
Joined: May 24 2010
Posts: 204
Look at the shiny object over

Look at the shiny object over here.

Just ignore the amount of auto funding provided and LOST pre bankruptcy.

Gotta love govt accounting

HughK's picture
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Joined: Mar 6 2012
Posts: 764
Report: FBI's anthrax investigation was flawed

Report: FBI's anthrax investigation was flawed

Now both the GAO and the National Academy of Sciences have said that there were important flaws in the FBI's investigation into one of history's most serious threats to Congress.

Who benefits from a weaker legislative branch?  

That article is from Phys.org, but this story has coverage in the NYT and elsewhere.  

sand_puppy's picture
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Joined: Apr 13 2011
Posts: 2074
Anthrax chicanery

THE 2001 ANTHRAX DECEPTION:  The Case for a Domestic Conspiracy

Retired Buddhist Studies professor, Graeme MacQueen, is pretty unimpressed by the veracity of the FBI investigation into the anthrax attacks, also.  He meticulously reviews the stories we have been told. 

His investigation and conclusions have been publicly endorsed by several notables:

Denis J. Halliday, UN Assistant Secretary-General 1994-98


Meryl Nass, MD, consultant on bioterrorism for the Director of National Intelligence and the World Bank

David Ray Griffin, author of The New Pearl Harbor

Francis A. Boyle, law professor, author of the U.S.domestic implementing legislation for the 1972 Biological Weapons Convention.

Peter Dale Scott, professor UC Berkeley and author of The American Deep State

Summary of the book--

The anthrax letter attacks occurred from September through November of 2001, killing five and wounding many. The attacks were widely held to be the work of Muslims and were used to support the invasion of Afghanistan and, later, the invasion of Iraq. They were used explicitly and repeatedly to justify the passing of the Patriot Act. They were also meant to support withdrawal from the Antiballistic Missile Treaty, a withdrawal eagerly sought by the neoconservatives associated with the Project for a New American Century who wished to pursue their global domination agenda without obstruction from small states with WMD. In the early days of the attacks there were several perpetrator hypotheses in play. One that gained prominence was the Double Perpetrator hypothesis according to which Iraq had supplied the sophisticated anthrax spores while al-Qaeda had supplied the foot soldiers responsible for preparing and sending the letters. This hypothesis was eagerly reported by the mainstream media. It came to grief quickly when scientists discovered that the anthrax spores had a domestic source and appeared to come from the heart of the US military and intelligence communities. The FBI rapidly began a search for "the anthrax killer," promoting the idea that there was a lone wolf perpetrator within the military community--a renegade, an unbalanced person whose behavior revealed nothing of significance about structures and institutions of the deep state.

In 2008 the Bureau named Dr. Bruce Ivins of the United States Army Medical Research Institute of Infectious Diseases as the "anthrax killer." Ivins had conveniently died a week before being named and could not fight back in court. Ivins remains the FBI's choice to this day: the case was closed in 2010. This book support with a great deal of evidence the following four assertions:

(a) the anthrax letter attacks were carried out by a group of perpetrators, not by a “lone wolf;”

(b) the group that perpetrated this crime was composed, in whole or in part, of deep insiders within the U.S. state apparatus;

(c) these insiders were connected to the perpetrators of the 9/11 attacks;

(d) the anthrax attacks were meant to play an important role in the strategy of redefinition through which the Cold War was replaced by a new global conflict framework, the Global War on Terror.


A brief excerpt of a report from the blog of microbiologist / bioterrorism Meryl Nass (her professional bio here)

From the University of Pittsburgh Center for Biosecurity comes this short report, a reiteration that the spores in the anthrax letters could not have come directly from those prepared by Bruce Ivins at Fort Detrick, as they lacked two substances contained in the RMR1029 anthrax spore collection.

During the Amerithrax investigation, it was discovered that some laboratories that possessed the Ames strain were purifying the spores using a product that contained meglumine and diatrizoate. From lab records, it was determined that the spores contained in RMR-1029  [ed-- RMR-1029 is the flask of anthrax in the lab of Ivin] were similarly purified using these compounds. This information gave rise to the question of whether the attack materials were taken directly from RMR-1029. To answer this question, the FBI developed a detection method that employed liquid chromatography and mass spectrometry to determine the presence of these compounds. As expected, the FBI investigators did find that anthrax spores taken directly from RMR-1029 contained both meglumine and diatrizoate. However, no evidence of these compounds was found when the spores from the anthrax letters were analyzed using the same method.

Source of Attack Material?
The major implication of this study, as the authors note, is “that the evidentiary spore material was not diverted directly from RMR-1029.” (1)  This fact means that if the anthrax spores used in the attack were taken from RMR-1029, their preparation would have required extra steps prior to mailing. That type of purification would have required specialized machinery and likely would have left traces of the material on machinery. No such material was found, though, and in a recently settled civil case in Florida, the U.S. Department of Justice acknowledged that the specialized machinery was not available at USAMRIID [ed--where Ivin worked]

It is my conclusion that the Anthrax Attacks are another in the growing list of manufactured incidents by the deep state to influence public thinking and policy.

And I am really tired of this sh*t.

davefairtex's picture
Status: Diamond Member (Offline)
Joined: Sep 3 2008
Posts: 5740

You know, I have always been far more of a believer in some group of actors within Deep State implementing the anthrax attacks than I have of all the other conspiracies out there.  The linkage between motivation, action, and result aligns way too well.  We had only modest efforts in terms of bio-defense prior to the attacks, and billions were allocated for research afterwards.  Attack a few people in Congress and pretty soon the money flows like water.

I actually agree with the public policy outcome, if not the method.  Dedicating money to researching vaccines/cures for these lethal but rare diseases seems like the prudent thing to do from several standpoints -  national security and humanitarian.

I wonder just how many of these sorts of actions have taken place over the years.  Will we ever, like the East Germans, get to root through our own "Stasi files" and see all the crazy business that was done in our name "for the good of the country"?


HughK's picture
Status: Platinum Member (Offline)
Joined: Mar 6 2012
Posts: 764
Doubts about the origin of the Sony hack
The FBI's claim that North Korea was behind the Sony hack smelled fishy from the beginning.  Some hacker groups and cybersecurity experts don't think there is enough evidence to pin this on N. Korea, yet CNN, the BBC, Fox, etc. are all just repeating the FBI's line.
Perhaps this is just another example of the mainstream media agreeing to serve as a spokesman for the government line, which is consistent with Noam Chomsky's propaganda model.  

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