Daily Digest

Image by Mosman Council, Flickr Creative Commons

Daily Digest 4/20 - World's Electrical Waste Reaches New Peak, Moving To Mars

Monday, April 20, 2015, 9:58 AM

Economy

Out of the ashes - Could we reboot a modern civilization without fossil fuels? (HughK, re-post)

It took a lot of fossil fuels to forge our industrial world. Now they're almost gone. Could we do it again without them?

A revolt is growing as more people refuse to pay back student loans (jsenak)

In the aftermath, current and former students of the for-profit schools have called on the Education Department to wipe away debt they say Corinthian pressured them into taking. After months of pleading with the department to forgive the federal loans, the students teamed with an offshoot of the Occupy Wall Street movement known as the Debt Collective. Together, they came up with the idea for the strike.

Key Democrat says he’ll try to kill Obama-backed trade bill (thc0655)

With Republican majorities in both the House and Senate, Obama may not need Democrats to get fast track approved. But the math will be tricky. As Chris Krueger of Guggenheim Securities wrote in a note Friday, there are segments of congressional Republicans who are opposed to free trade or simply unwilling to cede more power to Obama. The White House would need to make up for any Republican defections by adding Democrats. There are at least 11 House Democrats who have signaled they will support fast track, according to the Hill.

Hundreds drown off Libya, EU leaders forced to reconsider migrant crisis (jdargis)

French President Francois Hollande said the EU had to do more, telling Canal+ television that rescue and disaster prevention efforts needed "more boats, more over flights and a much more intense battle against people trafficking."

Congress cannot be taken seriously on cybersecurity (jdargis)

An overlooked but important Politico article published in January examined Congress’ own cybersecurity practices when it comes to defending their networks. Reporter Tal Kopan quoted several Congressional staffers saying Congress barely does anything to protect itself from cyberattacks, despite being a juicy target for foreign intelligence agencies. “Few could remember any kind of IT security training, and if they did, it wasn’t taken seriously”, Kopan reported

Moving To Mars (jdargis)

For years, NASA has run experiments replicating the environments of space and alien planets. Rovers and robotics have been tested in the Arizona desert and in the Canadian Arctic. “Human factor” studies in preparation for space-station duties have been carried out in a capsule at the Johnson Space Center and in an underwater lab off Key Largo. These days, the International Space Station provides an analogue for future long-duration missions; the astronaut Scott Kelly, who has just begun the first full year for an American in orbit, is the subject of psychological as well as physical tests. The Hawaii project represents another step for NASA: a test of group dynamics and morale to help design systems that will send a team into deep space.

World's mountain of electrical waste reaches new peak of 42m tonnes (Nervous Nelly)

“Worldwide, e-waste constitutes a valuable ‘urban mine’ – a large potential reservoir of recyclable materials,” UN under secretary-general David Malone said.

“At the same time, the hazardous content of e-waste constitutes a ‘toxic mine’ that must be managed with extreme care.”

The EIA Is Bizarrely Optimistic About Future U.S. Oil Production (Evan K.)

What the EIA is saying in the above paragraph is that price and tight oil production is everything when it comes to US future oil production. On that point I would agree except that even if the price returns to $100 and higher, it will not produce tight oil production to anywhere near the EIA’s high price projections.

Falling battery prices boost outlook for electric vehicles (Afridev)

Much of this scepticism was linked to a perception that they are too expensive to have major market impact, and are likely to remain for the foreseeable future. Battery costs are the biggest factor keeping electric vehicle propulsion systems pricier than petroleum-driven engines. As long as battery costs remain high, the manufacturers of electric vehicles have to make a trade-off between range (i.e. how far the vehicle can go before it needs recharging) and price. This has been a major obstacle to increasing the market share of EVs, particularly outside the luxury niche they currently occupy.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/17/15

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."

6 Comments

HughK's picture
HughK
Status: Platinum Member (Offline)
Joined: Mar 6 2012
Posts: 761
Overpopulation, overconsumption in pictures

Hopefully this isn't a repost as well, but it certainly could be.  Still, nice photos:

Overpopulation, overconsumption in pictures

And here is a link to an online version of the whole book.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4147
sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1889
Stimulating war for profit and power

Ron Paul wrote on this subject this week:

The New Militarism: Who Profits?

By Ron Paul

April 14, 2015 "ICH" - Militarism and military spending are everywhere on the rise, as the new Cold War propaganda seems to be paying off. The new “threats” that are being hyped bring big profits to military contractors and the network of think tanks they pay to produce pro-war propaganda.

Here are just a few examples:

The German government announced last week that it would purchase 100 more “Leopard” tanks – a 45 percent increase in the country’s inventory. Germany had greatly reduced its inventory of tanks as the end of the Cold War meant the end of any threat of a Soviet ground invasion of Europe. The German government now claims these 100 new tanks, which may cost nearly half a billion dollars, are necessary to respond to the new Russian assertiveness in the region. Never mind that Russia has neither invaded nor threatened any country in the region, much less a NATO member country.

The US Cold War-era nuclear bunker under Cheyenne Mountain, Colorado, which was all but shut down in the 25 years since the fall of the Berlin Wall, is being brought back to life. The Pentagon has committed nearly a billion dollars to upgrading the facility to its previous Cold War-level of operations. US defense contractor Raytheon will be the prime beneficiary of this contract. Raytheon is a major financial sponsor of think tanks like the Institute for the Study of War, which continuously churn out pro-war propaganda. I am sure these big contracts are a good return on that investment.

NATO, which I believe should have been shut down after the Cold War ended, is also getting its own massively expensive upgrade. The Alliance commissioned a new headquarters building in Brussels, Belgium, in 2010, which is supposed to be completed in 2016. The building looks like a hideous claw, and the final cost – if it is ever finished – will be well over one billion dollars. That is more than twice what was originally budgeted. What a boondoggle! Is it any surprise that NATO bureaucrats and generals continuously try to terrify us with tales of the new Russian threat? They need to justify their expansion plans!

So who is the real enemy? The Russians?

No, the real enemy is the taxpayer. The real enemy is the middle class and the productive sectors of the economy. We are the victims of this new runaway military spending. Every dollar or euro spent on a contrived threat is a dollar or euro taken out of the real economy and wasted on military Keynesianism. It is a dollar stolen from a small business owner that will not be invested in innovation, spent on research to combat disease, or even donated to charities that help the needy.

One of the most pervasive and dangerous myths of our time is that military spending benefits an economy. This could not be further from the truth. Such spending benefits a thin layer of well-connected and well-paid elites. It diverts scarce resources from meeting the needs and desires of a population and channels them into manufacturing tools of destruction. The costs may be hidden by the money-printing of the central banks, but they are eventually realized in the steady destruction of a currency.

The elites are terrified that peace may finally break out, which will be bad for their profits. That is why they are trying to scuttle the Iran deal, nix the Cuba thaw, and drum up a new “Red Scare” coming from Moscow. We must not be fooled into believing their lies.

Copyright © 2015 by RonPaul Institute.

 

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1182
Sandpuppy

that is exactly the reason to get the mare settled(a metaphor for sure, or is it)

ie. when the guns are beaten into plowshares who is gonna pull'em

nigel's picture
nigel
Status: Silver Member (Offline)
Joined: Apr 15 2009
Posts: 145
My mare gives me a withering

My mare gives me a withering look every time I put a saddle on her, possibly because I'm overweight. What chance do you think I've got if I put a harness on her?

I still have the old plough, I might have to make a new harness.

reflector's picture
reflector
Status: Gold Member (Offline)
Joined: Aug 20 2011
Posts: 269
michael rivero interview

an excellent interview just published with michael rivero on reluctant preppers (28 min):

On the Verge of Economic Upset | Michael Rivero

Published on Apr 20, 2015

​IN THIS INTERVIEW:
- We're on the verge of another economic upset, and it will be worse than in 2008 ►0:17
- Bail-ins coming to the United States ►8:08
- The Federal Reserve is a fascist institution ►13:26
- How would a Greece default affect Europe and the U.S.? ►14:36
- How to prepare for the coming crisis ►25:10

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments