Daily Digest

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Daily Digest 4/7 - Bitcoin Foundation “Effectively Bankrupt," Will The Golden State Turn Brown?

Tuesday, April 7, 2015, 9:20 AM


Disaster Is Inevitable When The Two Decade-Old Stock Bubble Bursts (Phil H.)

The U.S. Federal Reserve also created a Bubblecovery in the early-2000s to recover from the Dot-com bust, which led to the housing bubble. After the housing bubble burst, the Fed inflated the post-2009 Bubblecovery. After each bubble/Bubblecovery ends, the Fed simply inflates another bubble to recover from the last one. In essence, the U.S. economy and stock market has been in a bubble cycle for the past two decades. Each time, the bubble gets larger, and the Fed has to keep re-inflating it to avoid the economic Depression that would occur if asset prices were allowed to find their true value.

How to Stay Ahead of the Investment Herd (Tyler K.)

Those that have been betting on Duke (long-term bulls and bears) for the past 10 years are almost guaranteed to bet on them again. This is easily predictable and not much help when it comes to trading.

It’s the bandwagon fans in the market that create opportunity whenever market-moving events such as the March jobs report arise.

Bitcoin Foundation is “effectively bankrupt,” board member says (jdargis)

The Bitcoin Foundation hates transparency. If they would have been transparent then everyone would know there is no money left. Something I think the members have a right to know, wouldn’t you think? Members have a right to know that the current board failed to tell them the truth, and that their way of running the organization resulted in it going bankrupt. But instead of taking responsibility, they want to find the next executive director that will come up with another magic plan. Ironically, being transparent from the start might have prevented this whole thing to begin with.

Waving Cash, Putin Sows E.U. Divisions in an Effort to Break Sanctions (jdargis)

Mr. Putin has methodically targeted, through charm, cash, and the fanning of historical and ideological embers, the European Union’s weakest links in a campaign to assert influence in some of Europe’s most troubled corners. One clear goal is to break fragile Western unity over the conflict in Ukraine.

The Iranian nuclear deal is deliberately vague, but parts are not hard to decode (jdargis)

It is that as soon as the International Atomic Energy Agency verifies that Iran has complied with all the provisions (such as reducing its stock of enriched uranium to 300 kilos from the current 10 tons; and the number of uranium-enriching centrifuges to 5,060 from the current 19,000), the oil and financial sanctions will be lifted.

California drought: Will the Golden State turn brown? (westcoastjan)

Nasa scientists have projected that reservoirs could run dry within a year and there is growing pressure on ground water supplies, which are dwindling rapidly.

The drought is a problem of epic proportions and it could - many say should - result in a seismic shift in attitudes towards water.

California: A Microcosm For Impending Global Water Crisis (Evan K.)

Wastewater treatment, for instance, can recycle water and save energy at the same time. “The sludge can be used as fuel to provide energy for the treatment,” Solomon says.

Individuals can do much of this themselves, recycling their own wastewater as “gray water” for things like watering the lawn that do not require drinking quality water.

California Olive Growers Cutting Down Orchards (jdargis)

Almonds may have some financial advantages over olives, but the drought is causing problems for any plant California growers want to keep alive. Olives do have the benefit of being highly drought-tolerant trees that can survive on light rainfall alone, but to bear enough fruit to harvest commercially, growers need to keep their thirst quenched. A commercial olive tree needs three acre-feet of water to bear fruit (“acre-foot” referring to the amount of water needed to cover an acre of land with one foot of water), which is not nothing. One acre-foot is equivalent to about 325,000 gallons of water. However, commercial almonds need even more—closer to four acre-feet on average. In a state where the majority is in an “extreme” or “exceptional” drought, the difference between water needs in crops quickly gets expensive for farmers and the public alike.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/6/15

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."


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Emanuel Leads Garcia in Polls as Chicago Veers Toward Insolvency

"Area Burden

The debt load reaches almost $33 billion, four times the city’s general obligations, when including issuers such as the park district, water agency and Cook County, home to Chicago and its suburbs, data compiled by Bloomberg show. The school board, the second-largest borrower behind the city itself, was cut last month by Moody’s to one step above junk.

Emanuel, 55, and his challenger, Garcia, 58, have barely mentioned a possible increase in property taxes, though they’ve both stopped short of promising not to raise the levy."

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Power loss hits Washington, DC

Power loss hits Washington, DC, government left in dark (RT)

Explosion causes massive power outage in DC, Md. (KHOU Houston Tx)

(Edit: You would think that these guys would have a backup generator or UPS standing by.)


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U.S. thinks Russians hacked White House

U.S. thinks Russians hacked White House 


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California Water Shortage

I see Carly Fiorina blames the "man made" water shortage in California on environmentalists.

I'm not part of an organized environmental movement, but I am annoyed on their behalf.

I'd say she used her mouth before using her brain. 

I guess the problem isn't the 39 million people in California, or the extensive agriculture.  It's apparently because the enviro-nuts insist that some of the water flowing through California be allowed reach the ocean.


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Arthur Robey
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Aaah, THAT carly fiorina

So that's the Carly Fiorina, isn't it, who was VP of marketing at the company that made cruddy 6-month WinModems?  Is it the same one as jumped to HP, causing me to stop buying HP products right before ALL the old management fled, and HP stopped turning out good product like the LJ5000 plate printer, and instead started turning out cruddy flash-product, and underfilling ink cartridges?

Is it the Carly Fiorina who managed the crash of HP from a stable, long-term company into one that had to merge with Compaq and STILL couldn't make a profit?

Yes, okay.

And WHAT does she have to say?


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California Water Shortage

There is no coming back from the drought in the southwest in the near term without some radical change. It's also a fact that it would be catastrophic to our food supply throughout the nation to lose what California provides.

Piggy backing on Chris's article the other day about using cheap money for infrastructure, I would propose a system of water pipelines throughout the country. Water doesn't go away, it just moves around, so if we built a system of pipelines to balance the water supply we could accomplish several things.

First and most important we could secure our food supply from California. Second, we could help offset some of the annual flooding that happens in other parts of the country on a pretty regular basis, and third, we could create thousands of jobs building and maintaining these pipelines. 

I see a lot of value in these types of jobs as well because we're creating jobs that never existed and we're creating jobs that are permanent unlike the jobs associated with an oil pipeline. 

That also brings up another point. Managed properly, these pipelines could have a positive environmental impact, unlike almost any other manmade project.

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