Daily Digest

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Daily Digest 5/24 - The End Of The Petrodollar, U.S. Egg Prices Soar

Sunday, May 24, 2015, 11:09 AM

Economy

The Secret Meeting in London to End Cash (Gordon S.)

Other newspapers who have covered my European tour have stated that the “crash” of which I speak is the typical stock market rather than in government. What is concerning me is the silence on this meeting where there are more and more reports about a cashless society would be better.

The amazing, surprising, Africa-driven demographic future of the Earth, in 9 charts (Yoxa)

Here is the story of the next 90 years as predicted by UN demographic data and explained in nine charts. The charts are interactive; move your cursor over them to track and compare the data.

The Era Of Impact (thc0655)

The era of impact is the point at which it becomes clear to most people that something has gone wrong with the most basic narratives of a society—not just a little bit wrong, in the sort of way that requires a little tinkering here and there, but really, massively, spectacularly wrong. It arrives when an asset class that was supposed to keep rising in price forever stops rising, does its Wile E. Coyote moment of hang time, and then drops like a stone. It shows up when an apparently entrenched political system, bristling with soldiers and secret police, implodes in a matter of days or weeks and is replaced by a provisional government whose leaders look just as stunned as everyone else. It comes whenever a state of affairs that was assumed to be permanent runs into serious trouble—but somehow it never seems to succeed in getting people to notice just how temporary that state of affairs always was.

Scott Walker in Oklahoma: End US ban on crude oil exports (LesPhelps)

But the central issue at the conference titled “Energizing America” was fossil fuels. Domestic energy is a key issue for Oklahoma, which is one of the top five oil producing states. Walker’s comments fell in line with what conservative Oklahomans wanted to hear, according to Brogdon.

Oil Trains: Scary secrecy (thc0655)

More than 700,000 people in the region - including 400,000 in Philadelphia - live within a half-mile of rail lines that carry crude oil, according to an Inquirer analysis. Federal emergency-response guidelines recommend a half-mile evacuation zone if an oil tank car catches fire.

The hazards were brought into sharp focus by the deadly derailment of an Amtrak train on May 12 in Port Richmond.

Saudia Arabia Acknowledges End of Petrodollar (Gordon S.)

Saudi Arabia has announced the end of the petroleum is upon the world by 2032 – the peak in the ECM. They now announced plans to invest by 2032 a total of $109 billion in the solar industry and become an exporter of electricity.

U.S. egg prices soar as avian flu batters poultry industry (Jason B.)

Scientists describe the disease, known as H5N2, as a highly pathogenic version of the avian flu. It is different from the H5N1 flu now found widely in farms in Asia that has proven able to jump from poultry to humans and killed hundreds of people after it first surfaced in 2004.

Protests against GMO crops and pesticides target Monsanto, international agribusiness giant (Arthur Robey)

The controversial product's main ingredient was recently classified as "probably carcinogenic to humans" by the World Health Organisation.

Organisers said ahead of the marches the multinational biotech giant had claimed that genetically modified crops would actually lead to a decrease in Roundup use.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/22/15

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."

12 Comments

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Greek hospitals cannot afford painkillers, scissors or sheets

Greek hospitals have run out of supplies such as painkillers, scissors and sheets as swingeing budget cuts have left the health service unable to provide even basic provisions for operations and medical procedures.

Huge cuts to the healthcare budget, amid the economic turmoil which made millions unemployed, have left than 2.5m Greeks uninsured, up from 500,000 in 2008, ...

http://www.independent.co.uk/news/world/europe/greek-hospitals-cannot-af...

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
So some academic has stumbled

So some academic has stumbled upon the fact that Africa's population is growing at a phenomenal rate? Blow me down with a feather!

And Europe's population is not. Things are desperate in Africa, things are salubrious in Europe. Guess what happens next. 

Already the English are losing control of their culture and their values. They are a minority in their own county.

http://www.bbc.com/news/uk-england-london-20680565

http://www.dailymail.co.uk/news/article-1229643/This-isnt-Britain-fought...

Then there are the Limits to Growth curves that tell a completely different tale. Other factors that will have an influence on the course of events are automation and the probable reduction of energy per capita.

But the broad trends are already before our eyes. Those who escape the cruel poverty of Africa will be the most opposed to seeing that poverty following them like a bad smell to Europe.

 

thatchmo's picture
thatchmo
Status: Gold Member (Offline)
Joined: Dec 14 2008
Posts: 432
makings some headway with GMOs..,

One of my local County Councilmen, Gary Hooser, has a blog where he details the latest in Kauai vs. GMO companies.  The County actually won a suit against Dupont Pioneer!  Be sure to check the links below to see Gary addressing the annual Syngenta shareholders meeting in Switzerland, and the security response to the filming of same....Aloha, Steve.

http://tinyurl.com/m77votm

http://tinyurl.com/muz6p8y

 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1761
Migrations

Arthur wrote:

So some academic has stumbled upon the fact that Africa's population is growing at a phenomenal rate? Blow me down with a feather!   And Europe's population is not. Things are desperate in Africa...

Migrations.  Tens and hundreds of millions of human beings try to move to greener pastures.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2766
Lake Mead

Any confirmation on Lake Mead?

http://lakemead.water-data.com/

Mark Cochrane's picture
Mark Cochrane
Status: Diamond Member (Offline)
Joined: May 24 2011
Posts: 1216
Confirmation but I'm dubious...

This rapid drop in the Lake Mead elevation shows up in a few places but it may be a sensor failing versus the bathtub plug having been pulled. I say this because the outflow for the last several days hasn't increased (actually it has decreased), May 21, 22, 23 outflows were 13841, 13035, and 11083 cfs with no inflows on any of those days. Looking at the three years above it is obvious that the lake is being drained but I'm not sure that anything other than a dam breach could lower the lake levels as fast as the blue line shows in recent days. If this is real there will be blaring headlines in Vegas...

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Sit Nomine Digna

 

 

Mark Cochrane's picture
Mark Cochrane
Status: Diamond Member (Offline)
Joined: May 24 2011
Posts: 1216
Lake Mead too

T2h,

Well the good news is that all of that missing Lake Mead water suddenly returned today.

Of course this sudden return instantly undid 10 days of water losses despite no water inflow having been recorded, so make of it what you will!

Mark

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2766
Lake Mead
Mark Cochrane wrote:

Of course this sudden return instantly undid 10 days of water losses despite no water inflow having been recorded, so make of it what you will!

Mark

Yeah, exactly, wink-wink.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Neutron bomb dropped on Yemen

 

Source. http://robinwestenra.blogspot.co.uk/2015/05/a-neutron-bomb-dropped-on-yemen-by-iaf.html

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5570
re: Neutron bomb dropped on Yemen

Looks a lot more like a fuel-air bomb to me...it's missing the blinding flash that a nuclear device would come with.

Still, it begs the question, where did even the fuel air bomb come from...those are pretty specialized?

/Wink, wink...I think we all know...

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Neutron bomb

Thanks for your analysis.  I find the action so near the Saudi oil fields fascinating. 

Oh well. My mind is being made up for me, it seems. My bike has been huge fun to ride, but it will have to go for a skateboard. It will fit better in my yacht.

New 4WD Electric Skateboard! The BajaBoard:

Just one more run to Hobart and then that tie to oil must be cut.

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