Daily Digest

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Daily Digest 12/29 - Profit From Crisis, The Perfect Crime In The Silver Market

Monday, December 29, 2014, 12:01 PM


Things To Do In 2015 When You’re Not Yet Dead (Don R.)

Only today, Angela Merkel once again said something to the extent that Putin must get the Donbass ‘rebels’ to stop the fighting, while she knows full well they can’t and won’t, because they risk being ethnically cleansed if they would. 4500 of them were already killed by what was supposed to be their own government.

Profit from Crisis: Why capitalists do not want recovery, and what that means for America (westcoastjan)

Note that capitalists have no choice in this matter. “Beating the average” is not a subjective preference but a rigid rule, dictated and enforced by the conflictual nature of the system. Capitalism pits capitalists against other groups in society – as well as against each other. And in this multifaceted struggle for greater power, the yardstick is always relative. Capitalists – and the corporations they operate through – are compelled and conditioned to accumulate differentially; to augment not their personal utility but their relative earnings. Whether they are private owners like Warren Buffet or institutional investors like Bill Gross, they all seek not to perform but to out-perform – and outperformance means re-distribution.

Massachusetts SWAT teams claim they’re private corporations, immune from open records laws (Wendy SD)

As part of the American Civil Liberties Union’s recent report on police militarization, the Massachusetts chapter of the organization sent open records requests to SWAT teams across that state. It received an interesting response... Massachusetts also has a long history of accountability and excessive force problems with SWAT teams.

The wonderful and terrifying implications of computers that can learn (Afridev)

What happens when we teach a computer how to learn? Technologist Jeremy Howard shares some surprising new developments in the fast-moving field of deep learning, a technique that can give computers the ability to learn Chinese, or to recognize objects in photos, or to help think through a medical diagnosis.

Ted Butler: The Perfect Crime In The Silver Market (Taki T.)

It is said that one learns more from failure, especially near disaster, than from success. It is my belief that at the time of JPMorgan’s near catastrophe in being short silver into April 2011 that the bank realized just how limited and critical the supply of silver in the world was and decided to use their near death experience to their advantage. It was at that time that the bank decided to buy as much physical silver as it could in order to profit even more to the upside than it did previously to the downside. Again, it was not possible for me to know this at that time and it has only come to me with the fullness of time and the developing factual evidence. What evidence?

In North Dakota, a Tale of Oil, Corruption and Death (jdargis)

In an interview last week, Mr. Hall said Mr. Henrikson was a “professional con” who had cemented their business deal when Mr. Hall was ill and distracted, bringing flowers and a contract to his hospital room to be signed. “I got ripped off and taken advantage of,” he said. “The people didn’t really know that when the news first broke.'’

If Prices Keep Falling, OPEC Must Act To Restore ‘Fair’ Rate Of $70-$80 (Evan K.)

The consensus among many Arab OPEC producers is that, one way or another, the worldwide price of oil will stabilize then rise again during 2015, settling between $70 and $80 per barrel by the end of the year, probably without intervention from the cartel’s leadership. Reuters interviewed several OPEC representatives during the week ending Dec. 28, some from what it called “core [Persian] Gulf” oil countries, who said a return to stronger global economic growth should increase demand for oil, particularly in China and Europe. “‎The general thinking is that prices can’t collapse, prices can touch $60 or a bit lower for some months then come back to an acceptable level which is $80 a barrel, but probably after eight months to a year," one Gulf oil source told the news service.

Ambri's long lasting and low cost electrical grid scale triple liquid batteries (Wendy SD)

Researchers at Massachusetts Institute of Technology (MIT) are building a low-cost long-lifespan battery designed for grid-scale stationary energy storage. The battery, which promises to provide a viable solution for stationary grid storage of energy supplied by renewables, uses three inexpensive liquid layers as electroactive components, including a liquid metal positive electrode, a fused salt electrolyte, and a liquid metal negative electrode. The system operates at elevated temperature maintained by self-heating during charging and discharging.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/26/14

Provided daily by the Peak Prosperity Gold & Silver Group

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