Daily Digest

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Daily Digest 4/23 - IMF Warns Of Potential Instability, Is Europe Worth The Investment?

Thursday, April 23, 2015, 10:56 AM

Economy

IMF Reports Warns of Financial Instability – Low Interest Rates Will Be Our Doom (Nate)

The IMF issued the Global Financial Stability Report as it does every April, but this year it is a sobering account of the complete failure of financial elites to manage the global financial system.

The IMF report concedes that the smallest crisis in the world can now set off a crash far worse than ever before. The financial elites have no solutions whatsoever. From here on out, this is really going to be every man for himself. Savers, taxpayers, bank customers, investors, and local politicians, will have to exercise the utmost vigilance as everything comes into focus for October – the change in trend.

Obama’s Republican Collaborators (thc0655)

We are a dependent nation now. We rely on imports for the necessities of our national life and the vital components of our weapons systems. Hamilton must be turning over in his grave.

Where once wages rose inexorably in America and the middle class seemed ever to expand, we read today about income inequality, the growing gap between rich and poor, and wage stagnation.

Is Europe Worth The Investment? (Taki T.)

In March 2015, the ECB started its QE program which is scheduled to go until at least September of 2016, whereby a total of around EUR 1.1 trillion worth of bonds will have been purchased. What impact will this have on Europe? First, we expect exports to rise. Since the announcement of the QE program, the EUR has lost around 9% of its value and almost a fourth of its value in the past 12 months. The cheaper Euro will especially support companies/countries like Germany exporting to destinations outside of the Eurozone. Companies repatriating gains from outside the Eurozone will also see their profits rise, at least as long as the Euro remains weak.

MSNBC’s Touré Has the Taxman on His Case (thc0655)

MSNBC’s hosts and guests regularly call for higher taxes on the rich, condemning wealthy individuals and corporations who don’t pay their taxes or make use of loopholes. But recent reports, as well as records reviewed by National Review, show that at least four high-profile MSNBC on-air personalities have tax liens or warrants filed against them.

Expect Deflation, Inflation And Hyperinflation In This Distorted Financial System (Taki T.)

Central banks will try everything to avoid or reverse a deflationary collapse in paper asset markets because a deflationary collapse is “game over” for their credibility, governments, and politicians. They will print and print more and continue to fuel the inflationary boom, and … the bigger the boom, the larger the distortions, and the deeper the collapse.

Record Numbers Of Drivers Trading In Electric Cars For SUVs (LesPhelps)

This number is higher than the 18.8 percent that did the same last year, but it’s double the number that traded in their electric car for an SUV just three years ago. Edmunds.com reports that only “45 percent of this year’s hybrid and EV trade-ins have gone toward the purchase of another alternative fuel vehicle, down from just over 60 percent in 2012.”

“Never before have loyalty rates for alt-fuel vehicles fallen below 50 percent,” Edmunds notes.

How to Make Money in Renewable Energy (Kevin J.)

With steady cash flow, the renewables sector can provide dividends of more than 5% for income seekers, typically with good visibility on future dividend growth. As solar and wind power have seen rapidly declining costs over the last few years, they have also seen very high growth. We think that this growth will continue and there should be an increasing number of investment opportunities.

Big oil warns world to brace for a different, but equally daunting, price shock to come (Kevin J.)

Demand has already begun to show signs of strength. The Paris-based International Energy Agency last week raised its forecast for 2015 demand, projecting that the world will consume 94.7 million barrels a day of crude in the fourth quarter, a potential increase of almost 1 million barrels over the same period in 2014.

US Oil Production May Not Drop In Earnest Until 2016 (Tom K.)

It is, at this point, important to understand that in 2008 / 09, most shale drilling was for gas and it was in the post-crash rise that there was a massive migration to drilling for oil (Figure 2). However, gas wells produce some liquids (natural gas liquid (NGL) and condensate) and oil wells produce gas. In some cases the lines can be blurred between the two. In this post I look at total rigs (oil + gas) that is compared to crude + condensate + NGL production as reported by the IEA.

Your White Teeth and Smooth Skin Are Damaging the Environment (westcoastjan)

It's a high price to pay for limited benefits from unnecessary personal care products. Exfoliators and scrubs can use any number of harmless natural ingredients, including baking soda, oatmeal, ground seeds, sea salt and even coffee grounds. Microbeads are not only pointless in toothpaste; they can be harmful. Dentists and hygienists are finding plastic particles embedded under people's gum lines, which can cause inflammation and infection.

1,015 gallons of water were used to make this plate (westcoastjan)

California's crippling drought has prompted conservation efforts, such as replacing grass lawns and minding how long you leave the tap water running. But what about the food on your plate? Agriculture uses 80% of California's water supply, and producing what you eat can require a surprising amount of water. The number next to the plate below represents the direct and indirect amount of water required to produce your food plate, based on data (U.S. average) from the Water Footprint Network.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/22/15

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."

9 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4147
Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
S&P @ recorder highs (ugh)

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
What's the time Mr Wolf?

A Significant milestone has been reached. Over on ZH it is reported that there are moves afoot to ban cash. (Can't trust they trrsts) 

http://www.zerohedge.com/news/2015-04-23/largest-bank-america-joins-war-...

Edit: I tried something fancy and my missive was truncated. Sorry.

To continue. Is this the time to spend up big? 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1889
Banning cash

As Arthur just posted, ZH (link above) and infowars.com both are reporting on JPMorgan Chase Bank increasing restrictions on the use of cash.  They are not going to allow you to pay your mortgage, car loan or credit card loans with cash.

They are also going to prohibit storing cash in safe deposit boxes!

JPMORGAN CHASE BANS STORAGE OF CASH IN ITS SAFETY DEPOSIT BOXES

Catherine Austin Fitts talks about the one way mirror:  they can see all that we do but we cannot see them.

Jbarney's picture
Jbarney
Status: Silver Member (Offline)
Joined: Nov 26 2010
Posts: 233
Other Banks

It will be interesting if other banks follow their lead.

 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Watching CNN...

...for the first time in over a year.  Man it gets creepier every time.

Cornelius999's picture
Cornelius999
Status: Gold Member (Offline)
Joined: Oct 17 2008
Posts: 379
Coincidentally, of course, in

Coincidentally, of course, in BBC documentary The World's Richest Terrorist Army an imprisoned, tortured former ISIS leader admits to sending truckloads of cash for payments in Iraq.

reflector's picture
reflector
Status: Gold Member (Offline)
Joined: Aug 20 2011
Posts: 269
RE: banning cash

the futile notion of banning cash is just compounding failure upon failure by the corrupt charlatans who presume they own the nation, and the politicians who do their bidding. it's bad enough they claim the right to decree what is legal tender, but now they want to ban it?

banning cash won't stop the use of currency, the free market will find a way, whether it's bottles of tide laundry detergent, silver eagles, or bitcoins

 

"The more you tighten your grip, Tarkin, the more star systems will slip through your fingers.
    ―Princess Leia

 

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