Daily Digest

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Daily Digest 5/26 - HSBC Fears World Recession, America's Crumbling Infrastructure

Tuesday, May 26, 2015, 8:30 AM

Economy

1000s form human chain outside Japan parliament over US military base (Arthur Robey)

The rally was the latest in a series of protests that have been happening across the country. According to Sunday's march organizers, cited by AFP, 15,000 people surrounded the National Diet Building in Tokyo.

HSBC fears world recession with no lifeboats left (LesPhelps)

Stephen King from HSBC warns that the global authorities have alarmingly few tools to combat the next crunch, given that interest rates are already zero across most of the developed world, debts levels are at or near record highs, and there is little scope for fiscal stimulus.

"The world economy is sailing across the ocean without any lifeboats to use in case of emergency," he said.

America's crumbling infrastructure (Jason B.)

Our roads, for example, require a lot of maintenance, especially after a long winter. All those potholes and rough roads cost drivers an estimated $324 a year spent on car repairs. Many roads are often jammed with traffic. Forty-two percent of America’s major urban highways are considered congested. And that costs the economy an estimated $101 billion in wasted time and fuel each year.

It’s not just the highways and roads. Around 70,000 bridges are structurally deficient, which means they’re not unsafe but are in poor condition due to deterioration.

Project Exodus (jdargis)

Kelly’s One-Year Mission represents a kind of dress rehearsal for a longer, straighter, and even more punishing voyage. In NASA’s Buzz Lightyear-esque formulation, it’s “a stepping stone” to “Mars and beyond.” At its closest, Mars is thirty-five million miles from Earth, and, under the most plausible scenario, getting there takes nine months. Owing to the relative motion of the planets, any astronauts who make it to Mars will have to cool their heels on the red planet for three more months before rocketing back home. What NASA learns about Kelly—at least, so the theory goes—will help it anticipate and overcome the challenges of interplanetary travel.

Mass-market electric cars will go 200 miles, but are still a long way from being profitable (jdargis)

The 200-mile electric costing roughly $35,000 is supposed to help lead the automakers out of the treacherous valley. So far, GM and Tesla have both announced plans to launch such vehicles in 2017 or so, and three more companies—Nissan, BMW, and Volkswagen—also seem likely to at some point.

Why Tesla’s Battery’s Won’t Work For Rooftop Solar (Tom K.)

One assumption is changed. PV panels are now pointed in the direction that provides maximum winter generation, not maximum year-round generation. To do this panels at 60N must be angled at 83 degrees south relative to the horizontal instead of 49 degrees, panels at 40N at 63 degrees instead of 35 degrees, panels at 20N at 43 degrees instead of 18 degrees and panels on the Equator at 23 degrees instead of zero degrees. The impact is to increase winter solar generation (by 21% at latitude 60N) and decrease annual solar generation (by 14% at 60N) everywhere except on the Equator, where the quirks of orbital geometry generate the opposite effect.

More than 430 dead in India heatwave (Jason B.)

Officials warned the toll was almost certain to rise, with figures still being collected in some parts of the hard-hit Telangana state in the country's south, and with no end in sight to the searing conditions.

Large parts of India, including national capital New Delhi, have endured days of sweltering heat, prompting fears of power cuts. But the highest temperatures have been recorded in Telangana and neighbouring Andhra Pradesh state.

Nigeria Fuel Shortages Ground Planes, Threaten MTN, Banks (jdargis)

MTN, Africa’s biggest mobile phone company with 61 million customers in Nigeria, said in a statement it’s running low on fuel reserves and its phone network will be “significantly degraded” if it doesn’t receive supplies before Tuesday. Guaranty Trust Bank Plc, Nigeria’s biggest lender, will close its offices at 1 p.m. local time from Monday because of the shortages, while Arik Air Ltd., the country’s biggest carrier, has cut two-thirds of its 120 daily flights.

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."

9 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Paradigms Falling like 10 Pin bowls

All sorts of assumptions are being blown out of the water. 

http://www.greenmedinfo.com/blog/germs-help-body-produce-vitamin-c-break...

Amongst a plethora of others.

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1517
More Pre-TSD

http://armstrongeconomics.com/archives/30938

I'm a "rip the band aid off fast" kind of guy, so this slow motion train wreck we're in just drives me crazy.  Come on already, let's get it over with!

I maintain a large dose of caution and skepticism with Martin Armstrong who claims to understand multiple overlapping cycles playing out all over the world, some of which are over 200 years long.  Nevertheless, much of what he writes has the ring of truth to me, so I stay tuned in, just in case he understands as much as 60% or 70% of what's going on.  I also hang on to philosopher Yogi Berra who said, "It's hard to make predictions, especially about the future," and try to use him to balance Armstrong.  wink

Armstrong has been predicting a big crash to occur or get rolling 3/4's of the way through this year (or 2015.75 as he describes it with mathematical precision). In this piece he's clarifying that it's a collapse of government he's predicting more than a MERE stock market/economic collapse.  And he says there's no stopping it.  We're  forced to just drift downstream toward 2015.75 on our leaky raft, all the while listening as the roar of the falls ahead get louder and louder.  I've been desperately trying to use my hands to paddle toward the shore, but the current is just too strong.  So now, I'm wrapping my head and limbs in towels and duct tape to try to survive the crash.

2015.75 = The Crash in Government 

Franklin-Obama

To set the record ABSOLUTELY straight, the “C R A S H” we see on the horizon is by NO MEANS the private sector and the stock market. It seems just using the word “crash” leads people to assume we are talking about another stock market crash. Interestingly, inaccurate reports have said that I have said that were will be a “stock market crash” rather than a “crash in government” which explains the problem that we face – they assume government will be there forever. The contrast between the view of LIBERTY of the 18th century, compared to the cycle inversion of LIBERTY as expressed by Obama, says it all. This is no longer about the people and freedom, this is all about government maintaining power, for it feels that scepter of power slipping from their hands.

This is similar to what they said about the Romans. When Rome fell to the barbarians, the Romans were still laughing as they watched their sports and games. We ignore government as a society; therein lies our doom. Politicians realize they can be as corrupt as they desire since, for only government can prosecute them, and the press is in their back pocket while selling their own personal futures down the drain. Just look at the onslaught of press coming out now, declaring cash is evil and now is the time to abolish it. This illustrates that they are part of the problem, for they are the propaganda wing of government.

3-Fates

There is no one in our corner to defend our liberty. The collapse is inevitable. We cannot stop what is about to unfold. It is very disheartening to watch the press join government in ushering in our own demise, as they laugh at the pubs after wiping out their own future. (emphasis mine)

"Welcome to the Hunger Games.  And may the odds be ever in your favor."

 

 

Time2help's picture
Time2help
Status: Diamond Member (Online)
Joined: Jun 9 2011
Posts: 2770
So stop paddling
thc0655 wrote:

Armstrong has been predicting a big crash to occur or get rolling 3/4's of the way through this year (or 2015.75 as he describes it with mathematical precision). In this piece he's clarifying that it's a collapse of government he's predicting more than a MERE stock market/economic collapse.  And he says there's no stopping it.  We're  forced to just drift downstream toward 2015.75 on our leaky raft, all the while listening as the roar of the falls ahead get louder and louder.  I've been desperately trying to use my hands to paddle toward the shore, but the current is just too strong.  So now, I'm wrapping my head and limbs in towels and duct tape to try to survive the crash.

"There is a river flowing now very fast.
It is so great and swift that there are those who will be afraid.
They will try to hold onto the shore.
They will feel they are being torn apart
and they will suffer greatly.
Know the river has its destination.
The elders say we must let go of the shore,
push off into the middle of the river,
keep our eyes open and our heads above the water.
See who is in there with you and celebrate.
At this time in history, we are to take nothing personally.
Least of all, ourselves.
For the moment that we do,
our spiritual growth and journey comes to a halt.
The time of the lone wolf is over.
Gather yourselves!
Banish the word struggle from your attitude and your vocabulary.
All that we do now must be done in a sacred manner and in celebration.
We are the ones we’ve been waiting for."

- Hopi Nation Elders of Oraibi, Arizona, This Is The Hour

Time2help's picture
Time2help
Status: Diamond Member (Online)
Joined: Jun 9 2011
Posts: 2770
We are going over the falls

We are going over the falls anyway, no matter what.  

But hey, it sure is cool to have all of you here in the middle of the river as well for good company.  The best wink.

"The best way out is always through."

- Robert Frost

jtwalsh's picture
jtwalsh
Status: Gold Member (Offline)
Joined: Oct 1 2008
Posts: 264
Timing

To Thc0655 and T2H

I admit that where we stand can be frustrating as watching paint dry, and  at times it does produce a very virulent Pre-TSD. However my constant prayer, mantra, chant, point of light and thought is:  Dear God. Not today, and gradually, not all at once. To combat the preparation fatigue, I try to look at each day and the good things it brings. To be grateful and happy for those good things that do arrive. Perhaps it's my form of schizophrenia, but I find it is possible to work on preparations and to be consciously happy in the present. There is a lot to do, but there is still much good and beauty in the present. To not see that by obsessing about what is to come, to me, is to already have lost the war. 

No attempt to make a rule or to instill any guilt here.  Just a example of my way of coping. You must do what works for you. As T2H said, it is very cool to be out in the rapids with all of you.

We are the ones we've been waiting for.

JT

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Offline)
Joined: Jun 25 2014
Posts: 772
If I understand correctly..

... Armstrong is actually predicting that the stock market wild soar at 2015.75; so indeed, his prediction of a crash at the same time does require some understanding of what he means by crash.

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Offline)
Joined: Jun 25 2014
Posts: 772
Nigerian Fuel Shortage...

"A fuel crisis in Nigeria has grounded airplanes, shut banks and threatens businesses..."

Wow.  If it worked for them, do you think it could work for us?

 

 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1763
Preparedness Pop Quiz: <20 points, you are probably dead

Preparedness Pop Quiz: If you score less than 20 points on this, you're probably already dead

Mike Adams has a preparedness quiz where you can rate your capacity to withstand a sudden cessation of the social order.  

The content of the Pop Quiz questions is fairly similar to Chris, Adam and Becca's preparedness worksheets.

He has a dramatic style. It is dark humor, but it makes me laugh. :-)  He concludes:

A blunt message to those who scored under 20 points on this Preparedness Pop Quiz

You're probably not going to make it.

Even worse, it's probably already too late for you to do anything about it.

 

In essence, you are clueless. As part of the non-prepared, you've been living in a dream world populated by cultural delusions. You've been watching cable TV and thinking you're seeing real news. You've been buying factory foods at the grocery store and thinking you're eating real food. You've been paying taxes, and working a job, and voting for candidates at the voting booths, all while thinking you're living in a real democracy run by the will of the People rather than the criminal intent of the corrupt elite. You have absolutely no clue of real American history, how politics really works and why all the people at the very top are the most criminally insane sociopaths ever produced by the human race.

And all the while, you've completely fallen for the delusion that everything your life has come to depend on will reliably exist, day after day, because it has always been that way in your experience: Water will always come out of the tap in your kitchen; cash will always be available at the local ATM; police will always respond when you call 911; fuel will always be available at your local gas station; your debit card will always work

 

 

 

 

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5570
Yes.
Michael_Rudmin wrote:

"A fuel crisis in Nigeria has grounded airplanes, shut banks and threatens businesses..."

Wow.  If it worked for them, do you think it could work for us?

Yes.

Energy is everything.  Liquid fuels are the most important of them all.

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