Daily Digest

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Daily Digest 2/22 - Playing With Nuclear Fire At Fukushima, De-Dollarization In Russia

Sunday, February 22, 2015, 12:08 PM

Economy

What ISIS Really Wants (jdargis)

Our ignorance of the Islamic State is in some ways understandable: It is a hermit kingdom; few have gone there and returned. Baghdadi has spoken on camera only once. But his address, and the Islamic State’s countless other propaganda videos and encyclicals, are online, and the caliphate’s supporters have toiled mightily to make their project knowable. We can gather that their state rejects peace as a matter of principle; that it hungers for genocide; that its religious views make it constitutionally incapable of certain types of change, even if that change might ensure its survival; and that it considers itself a harbinger of—and headline player in—the imminent end of the world.

Inflation Is Dead, Long Live Inflation (DG)

For reasons that will remain unknown to us peasants, the momentum changed just before Christmas of 2014, and continues to climb higher. Just as deflation got stubbornly out of control, I think inflation, as it comes to us, will become dangerously difficult to control.

De-Dollarization: Russia Ratifies $100 Billion BRICS Bank (pinecarr)

Simply put, as Sovereign Man's Simon Black warns, "when you see this happen, you’ll know it’s game over for the dollar.... I give it 2-3 years."

Fukushima: Playing With Nuclear Fire (pinecarr)

Three years after the Tohoku earthquake in Japan, citizens and the international community are left wondering if Japan really does have the situation in Fukushima under control... "TEPCO's own engineers are clueless... nobody knows how much [radiation] is washing into the ocean."

A Deal That Preserves Greece’s Place in Eurozone, and Fiscal Restraints (jdargis)

Greece’s hoped-for new dawn for Europe ended on a rain-drenched Friday evening in the Justus Lipsius Building, a huge, Soviet-style Brussels office block where finance ministers from the 19 countries that use the euro — known as the Eurogroup — had gathered for their third emergency meeting in two weeks.

Disclosures of Battle Plan by Pentagon Startle Many (jdargis)

The disclosures also caught the new defense secretary, Ashton B. Carter, by surprise. “The secretary is always concerned about operational security and wants us to be mindful that we don’t put information out there that isn’t necessary,” a senior defense official told reporters traveling with Mr. Carter on Friday to Afghanistan, his first overseas trip in his first week on the job.

NATO's Response to Putin's Odd War Games Won't Be Fast (jdargis)

NATO’s commander “does not have peacetime operational control and would have to wait for allied governments to make a decision,” said John R. Deni, a professor at the U.S. Army War College’s Strategic Studies Institute in Carlisle, Pennsylvania. The concern is “something less than a very clear attack, an obvious assault, tanks crossing the border. That would require time for the alliance to figure out what’s going to happen. Depending on the nature of the crisis, that delay could be substantial.”

Labor fight at West Coast ports comes to an end — for now (jdargis)

The same question came up the last time the east coast ports came to an agreement with their longshore union, in 2012, when a shutdown was narrowly averted. Although the east coast dockworkers haven't actually gone on strike since 1977, periodic contract negotiations cause widespread unease among shippers, who are looking for some sort of assurance that commerce wouldn't grind to a halt. The process has changed over the decades -- now the ports negotiate all together rather than one by one. But while that prevents smaller-scale strikes, it raises the stakes of coast-wide negotiations that could shut them all down at once.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/20/15

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."

11 Comments

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
Fukushima: Playing with nuclear fire.

Please watch the video posted above by Pinecarr. 

 

Takes disturbing to a whole new level! 

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
Fukushima: Playing with nuclear fire.

Please watch the video posted above by Pinecarr. 

 

Takes disturbing to a whole new level! 

thc0655's picture
thc0655
Status: Diamond Member (Online)
Joined: Apr 27 2010
Posts: 1617
50 shades of Greece

http://www.theautomaticearth.com/2015/02/50-shades-of-greece/

When it comes to the ongoing Greek question, I see a lot of people eagerly jump to conclusions, after the ‘debt deal’, that I don’t think are justified; certainly not yet. The overall conviction in the press seems to be that Syriza has given in on just about all fronts, and Germany and Dijsselbloem are the big winners. 

But since that may well be the exact position Syriza wants ‘the other side’ to be in, where they think they have prevailed, one will have to try and think a few steps ahead before judging the situation. There’s far more grey area here than many pundits seem to assume, easily 50 shades of it.

If Greece wouldn’t have given Germany the idea that it was winning, Athens would have already come very close to an exit from the eurozone. The problem with that is that it is not part of the mandate Syriza has been given by Greek voters. Who have spoken out for an end to austerity, but within the existing euro framework. 

Varoufakis et al. may long have concluded that such a set-up is simply not realistic, but they would still have to work up to a situation where, at some point, they can present this to the people. And that can only be done after they can convincingly show that Germany and Holland refuse to honor the democratically decided mandate Syriza brings to the table. 

They would have to make absolutely sure that the other side gets the blame for the failed negotiations. They have to do that anyway, even if a Grexit is not their preferred outcome. They need to be able to prove that they bent over backwards and Germany still wouldn’t play ball.

 
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Fukushima Frustration,

Does anyone else see the advantage of scalable, transportable, prodigious Cold Fusion in comparison to traditional nuclear power, even if it does not produce plutonium for Thermonuclear Armageddon?

Or is it just me?

Did I mention that the ingredients are ridiculously cheap? This version uses grams of nickel and a sniff of hydrogen.

Nope. It is not just me.

But try getting this message through to the MSM! Sheesh. The only reason that there are zero comments on this beat-up of hot fu$$ion is that they have ignored mine. Aunty ABC radio national is hyperventilating at the thought of this Huge Project, ITER.

Gojohn53's picture
Gojohn53
Status: Member (Offline)
Joined: Apr 12 2012
Posts: 5
50 Shades Of Greece

Four months gives Greece the breathing room to print up new currency and secretly pass the law that locks up Greek bank deposits.  Greece will default or not repay either principle or interest in four months.  Greek austerity ends in four months.   A new local currency in Greece in four months.  Greece will not be able to borrow so will have to produce something.  This will be easier when Euro denominated costs drop in half in the new currency.

If Greece prints to pay welfare, pensions and government projects the new currency will be worthless (hyperinflation) in no time.

If Greece changes the rules, people have to work, work, work the new currency will be successful.  Low or no minimum wage, smaller pensions at truly old age 67, few government workers, fewer and smaller government programs, less vacation, holidays, no mandated severance.  In other words higher real output per worker. Very limited self paid disability insurance. And of course the rule of law to attract investors. So much unfun stuff to be successful will make success elusive.

 

Gojohn53's picture
Gojohn53
Status: Member (Offline)
Joined: Apr 12 2012
Posts: 5
(No subject)

 

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
HughK's picture
HughK
Status: Platinum Member (Offline)
Joined: Mar 6 2012
Posts: 761
M King Hubbert: Wrong Again

This Lucrative New Oil Extraction Method could be a game changer!

 

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 789
BRICS Bank

Very little press on the BRICS Bank.  Apple coming out with a new electric car must be a more Earth shaking event than plans to end the U.S. Dollar's reserve currency status.

It is a strange world we live in today.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
U.S. probing big banks over pricing of gold, other metals

U.S. probing big banks over pricing of gold, other metals

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Mood Music while Watching the Crash.

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