Daily Digest

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Daily Digest 5/2 - The Fastest Economic Unraveling, Avian Flu Found At IA Poultry Farms

Saturday, May 2, 2015, 10:31 AM

Economy

We Just Broke 2008′s Record for the Fastest Economic Unraveling (thc0655)

So this category does well to target the true discretionary spending. Now if the chart trend appears strong or even flat then we can be confident consumers have not yet pulled back on even the most discretionary of items and so any variations in the overall spending patterns are likely not worrisome. However, if we see a sharp pull back here it is indicative that a downturn in the overall spending trend is likely substantive rather than nuance. Let’s have a look.

A Secret Warrior Leaves the Pentagon as Quietly as He Entered (jdargis)

“When you step back a bit and look at enduring strategic problems,” he said, “then you look at the Middle East, where you have terrorism and proxy wars and the danger of religious wars and dangers of sectarian conflict.” He warns that religious and sectarian wars tend to be viciously heartfelt, and therefore bloody and protracted.

Europe to End FDIC Insurance System for Banks? (thc0655)

It was reported that Austria is now planning a wide-ranging reform of deposit insurance, abandoning government insurance for deposits. The new view states the people should pay attention to the banks, since politicians are bribed way too much, and regulators cannot do their job anyway. This is where it starts. We already have bail-in legislation from the USA to Switzerland. We can count on this type of insurance vanishing when the system crashes and burns.

6 Baltimore Police Officers Charged in Freddie Gray Death (jdargis)

In a city rocked by unrest this week, and now under curfew and patrolled by National Guard troops, Ms. Mosby’s announcement on the steps of the War Memorial downtown drew cheers from the assembled crowd while a nearby cordon of officers in riot gear looked on stonily. As word spread, people in parts of the city took to the streets in spontaneous celebration.

The Other Man In The Van With Freddie Gray Breaks His Silence (jdargis)

"I had two options today right, either come and talk to y’all and get my credibility straight with ya’ll and not get killed by these [expletive] or not tell a true story,” Allen added. “The only reason I’m doing this is because they put my name in a bad state.”

His statements are included in a police report that was today turned over to the city state’s attorney Marilyn Mosby.

The Difference in Life Expectancy Between the Rich and Poor is Getting Worse (jdargis)

It might not sound like a lot on an individual level—an extra year for women, a couple extra years for men—but corresponding author Majid Ezzati from Imperial College in London explained in a phone call that we’re not prepared for estimates of longevity to be out.

Avian Flu Infections Are Found at Five More Iowa Poultry Farms (jdargis)

The farm, in Kossuth County, was comparatively small, with an estimated 19,000 birds. But it was thought to be the first time in this outbreak that the virus had affected a broiler breeding farm; such farms are said to have better biosecurity systems. And it underscores the potential for the outbreak to have a wide-ranging effect on the country’s poultry supply chain.

U.S. And China To Trade Apples Back And Forth (jdargis)

The entire reason this is happening is because American growers need to offer China some kind of quid pro quo for allowing more varieties of American apples to be exported to China. Currently, only Red Delicious and Golden Delicious are permitted by China for import. American growers are hoping that loosening our own restrictions will lead China to loosen theirs. It’s yet another move forward in the breakdown of agricultural restrictions between the two countries (the last major one was pork). Maybe soon enough, people in China will be able to enjoy our own homegrown Honeycrisps, Pink Ladys and Brown Russets.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/1/15

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4147
Icahn: Junk bonds now ‘even more dangerous’ than stock market

"Money keeps pouring into high-yield bond funds, even though that market is “ridiculously high,” Icahn said. “When they start coming down, there is going to be a great run to the exits,” he added. High-yield is the best performer in U.S. fixed-income returns in the year so far.

The billionaire activist investor said he’s “very concerned” about the stock market, and he’s hedged in preparation for a correction. Below are a few other nuggets from his appearance on the show."

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1614
France restricts cash, movement of gold & cryptocurrencies

http://armstrongeconomics.com/archives/author/romulusaugustuscaesar

The French Finance Minister Michel Sapin has announced a drastic tightening of the use of cash in France. As the newspaper Le Parisien reported that citizens should be strictly monitored from September 2015 if they make payments in cash.

– The limit on cash payments will be reduced from 3,000 euros to 1,000 euros.

– Tourists can only pay up to 10,000 euros in cash, so far there were 15,000 euros.

– If a Frenchman wants to change money into another currency, it must still do to 1,000 euros without identification only. So far, French could buy foreign currencies for 8,000 euros.

– If a bank customer stands out more than 10,000 euros in a month from his account, the bank must report the transaction to the Money Laundering Authority TRACFIN.

– Banks must inform the authorities of all cargo transfers within the EU that exceed 10,000 euros. This regulation checks, pre-paid cards and even gold are affected.

– The control of crypto-currencies like Bitcoin to be drastically tightened.

This is the economic tyranny we face. What is yours really belongs to them from the way they see it. We no longer live in a democratic world. This is all about them controlling the people to sustain their power. The French official reason for these measures is the “war on terror”. In fact, it is the measure that we are witnessing around the globe because those in power feel it slipping away. This is not a war on terror, it is war against the people in the form of financial repression. It is still unclear whether other euro countries to follow the example of Paris and its citizens in other countries restrict the free, private use of their money.

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
Par for the course,

but i must disagree with the following statement which perpetuates ignorance amongst the masses.

 

"This is the economic tyranny we face. What is yours really belongs to them from the way they see it"

 

They do own everything, that is why they do what they do because we signed up to it at birth. Anything and everything obtained using the legal title Mr, Mrs, Miss is retained as a property right by the issuer and owner of the title given at birth. Mr JOHN DOE is a legal title owned by the state...its not you the man or woman.

Legal title (property control) goes to the state.

Equitable title (currency) goes to the user of the NAME (person).

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