Daily Digest

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Daily Digest 4/24 - Guide to the Coming Collapse, "The Time To Accumulate Gold Is Now"

Friday, April 24, 2015, 10:06 AM

Economy

Jim Rickards - "The Time To Accumulate Gold Is Now" (thc0655)

Controversial best-selling author James Rickards sits down with Hedgeye CEO Keith McCullough to discuss a number of important subjects in this wide ranging interview.

Armageddon Down South: Learning from the Calbuco Volcano Eruption in South America (pinecarr)

100 km from the volcano, the city of Bariloche is on full alert. There’s no schools, people are told to stay indoors, ration water and avoid rushing to stores for supplies. People are asked to ration fuel and minimize its use, saving it for emergency and rescue vehicles. Flights to the area have been canceled. There are already concerns regarding the contamination of surface water sources. Volcanic ash is also known to clog intake structures, cause abrasion damage to pumps and block pipes, interrupting the supply of water.

Facebook says it doesn't save your unpublished posts (westcoastjan)

The study, a collaboration with a researcher at Carnegie Mellon University, found that kind of self-censorship to be very common — 71 per cent of 3.9 million users self-censored at least one post at the last minute during a 17-day period. In the study, the researchers said that for the purposes of the study, they recorded whether at least five characters were typed into the box, not the content.

A Practical Utopian’s Guide to the Coming Collapse (Chris M.)

Revolutions are thus planetary phenomena. But there is more. What they really do is transform basic assumptions about what politics is ultimately about. In the wake of a revolution, ideas that had been considered veritably lunatic fringe quickly become the accepted currency of debate. Before the French Revolution, the ideas that change is good, that government policy is the proper way to manage it, and that governments derive their authority from an entity called “the people” were considered the sorts of things one might hear from crackpots and demagogues, or at best a handful of freethinking intellectuals who spend their time debating in cafés. A generation later, even the stuffiest magistrates, priests, and headmasters had to at least pay lip service to these ideas. Before long, we had reached the situation we are in today: that it’s necessary to lay out the terms for anyone to even notice they are there. They’ve become common sense, the very grounds of political discussion.

You Can't Get an Apartment Because Rich People Need Them All (jdargis)

What Fink—a man who would know!—said, to be clear, is that New York apartments and fantastically expensive works of art are replacing gold as the assets of choice in which to park vast amounts of wealth. You may need an apartment as something basic for your survival; but a tiny sliver of extremely wealthy humans around the world need apartments, many of which sit empty most of the year, to use as a physical bank account, and their need supersedes yours.

Switzerland And Gold: What's Next? (Jon D.)

Mr. Popescu is an independent investment analyst and studies the gold and silver market and their future role in the international monetary system. He has followed regularly since 1970 the gold, silver and foreign exchange markets. He has a bachelor degree in physics (1993) from Concordia University in Montreal, Canada and has completed the Canadian investment management certificate (1999) of the CSI. He is a member and was the president in 2004 of the CSTA and also was president in 2005 of the Montreal CFA Society. He is a member of the CFA Institute, the MTA, NYSSA, UKSIP, the CSTA and the Gold Standard Institute International.

Oil markets bullish as US shale boom grinds to temporary halt (Thetallestmanonearth)

“Since we started seeing a decline [in active rig count], the shale areas have been surviving on EOR [enhanced oil recovery]. The innovation and technology in those EOR techniques have been saving a lot of oil producers money allowing them to continue to produce with lower oil prices,” Larry said.

The EIA report is the first sign the enhanced oil recovery could finally be coming to an end.

The real losers in Brazil's Petrobras scandal (westcoastjan)

After months of speculation, we now know how much money exchanged hands or was "lost" in Brazil's biggest ever corruption scandal.

A total of $2bn, give or take the odd cent, as massive bribes were routinely paid for lucrative contracts with the company.

Big Hit For U.S. Oil Production In January (Tom K.)

This is important because DrillingInfo data also shows significant decreases in the Eagle Ford and Permian basin plays in January 2015 of 36,000 and 33,000 barrels of oil per day, respectively (Figures 4 and 5). EIA shows that Texas production increased 3,000 barrels per day.

Food Chain Catastrophe: Emergency Shut Down Of West Coast Fisheries: “Populations Have Crashed 91 Percent” (pinecarr)

“The sardine populations have crashed 91 percent since 2007,” he said after the vote. “We would have liked to see this happen much sooner, but now we can start to rebuild this sardine population that is so important to the health of the ocean.”

Gold & Silver

Click to read the PM Daily Market Commentary: 4/23/15

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."

4 Comments

westcoastjan's picture
westcoastjan
Status: Platinum Member (Offline)
Joined: Jun 4 2012
Posts: 574
article re push to cashless society

interesting reading from Jesse's site

http://www.bloomberg.com/news/articles/2015-04-23/negative-interest-rate...

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4169
bwh1214's picture
bwh1214
Status: Bronze Member (Offline)
Joined: Jun 1 2011
Posts: 38
Gold and silver calculator

This is a cool little calculator for buying gold and silver that helps you buy dips in price:

http://debtcrash.report/entry/debtcrash-metal-purchase-program

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
oil production?

i was under the impression that US oil production was increasing until March...this is the EIA data i've been checking weekly: http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W

it's been trending up 15% YoY

can someone explain why it differs so much from the data cited by Berman at oil price in the digest article above?  Big Hit For U.S. Oil Production In January

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