Daily Digest

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Daily Digest 1/23 - The Rigging Of The Gold Market, Saudi King Misremembered As Man Of Peace

Friday, January 23, 2015, 11:01 AM

Economy

A Billionaire Lectures Serfs In Davos: "America's Lifestyle Expectations Are Far Too High" (pinecarr)

Greene, who flew his wife, children and two nannies on a private jet plane to Davos for the week, said he’s planning a conference in Palm Beach, Florida, at the Tideline Hotel called “Closing the Gap.” The event, which he said is scheduled for December, will feature speakers such as economist Nouriel Roubini.

The 8 Major Geopolitical Catalysts Of 2015

Uncertainty about the immediate future seems to permeate most societies around the world. Few look far beyond the immediate. But what is now being put in place with the current global upheaval will form the basis of the strategic framework for the coming decades. Former U.S. Secretary of State Henry Kissinger was quoted as saying that “if you don’t know where you are going, any road will get you there”.

There is a new Saudi Arabian king, but the world already wants to know who will succeed him (jdargis)

As a case in point, the current turmoil in global oil was triggered only technically by US shale oil—in reality, oil plunged precisely at the moment it became publicly known that Saudi Arabia, recognizing there was a shale-led oil glut, had decided to steeply discount its crude and allow the market to take over setting the price.

Saudi Arabia's Tyrant King Misremembered As Man Of Peace (Michael W.)

In a statement last night Senator John McCain eulogized Abdullah as “a vocal advocate for peace, speaking out against violence in the Middle East”. John Kerry described the late monarch as “a brave partner in fighting violent extremism” and “a proponent of peace”. Not to be outdone, Vice President Joe Biden released a statement mourning Abdullah and announced that he would be personally leading a presidential delegation to offer condolences on his passing.

Silver’s Case May Have Vast Impact and Alter Entrenched Way of Governance (jdargis)

Put simply, he was a vision slayer. Michael R. Bloomberg, the former mayor, watched as Mr. Silver torpedoed his plans to build a stadium on the West Side of Manhattan and introduce a peak-hour tariff on drivers. The ideas crashed on the shoals of “Shelly,” as the speaker, Oprah-like, is invariably called in the Capitol.

Chris Powell: The Rigging of the Gold Market (Jonathan D.)

Chris Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He began working at the paper when he left high school in 1967. He writes a column about Connecticut issues that is published in a dozen other newspapers in the state and Rhode Island and often appears on radio and television public-affairs programs in Connecticut.

Vermont Yankee Shutdown (pinecarr)

The Vermont Yankee shutdown means the plant carcass must be safely decommissioned as quickly as possible. With full spent fuel pools, we hope Vermont Yankee rests in peace, not in pieces like Fukushima Daiichi. In this video, CCTV Nuclear Free Future Host Margaret Harrington discusses the economic, environmental, health and safety implications that the recent closing of Vermont Yankee nuclear power plant will have on New England with Beyond Nuclear’s Kevin Kamps and Arnie Gundersen, chief engineer of Fairewinds Energy Education.

Environment, logic taken for a ride by surging SUV sales (Yoxa)

The environmental impact is notable. Automobiles account for about half of an average household's emissions, but a big SUV produces about three times the annual greenhouse gas tonnage emitted by a Prius.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/22/15

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

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2765
$100 per barrel? Never again...

Alwaleed: No more $100 oil, but we won't blink

Alwaleed wrote:

The world will never again see the price of oil (New York Mercantile Exchange: @CL.1) at $100 per barrel, one of Saudi Arabia's biggest investors told CNBC on Friday. Prince Alwaleed Bin Talal, chairman of Kingdom Holdings, spoke with "Squawk on the Street" following the death of his uncle, King Abdullah.

LOL.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4060

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