Daily Digest

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Daily Digest 10/10 - What You Need To Know About TPP, Children's Cancer Linked To Fukushima Radiation

Saturday, October 10, 2015, 9:51 AM

Economy

The Trans-Pacific Partnership Negotiations Are Finished: Here’s What You Need to Know (richcabot)

The TPP is a so-called “free trade agreement” that is the largest such deal since NAFTA. If ratified it will cover 12 countries, impacting over 400 million people and nearly 40% of the world’s GDP. Member nations of the TPP negotiations include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.

What does it do?

Wikileaks Publishes Finalized TPP Chapter Which Expands Monopoly Rights For Pharmaceutical Companies (richcabot)

For example, the HIV medicine zidovudine was discovered in 1964 as an anti-cancer medicine. In 1987, the U.S. Food and Drug Administration approve the drug for treatment of HIV. When it was introduced, AZT cost $7,000 person at the “monopoly price” for HIV treatment. The price of the generic version for treating cancer was $70 person by June 2013.

“This is an example of the kind of price differences, which could occur in TPP countries if they choose this implementation option of providing three-year monopolies for new indications,” according to Kilic and Maybarduk.

Why October Is the Worst Month for Investors (jdargis)

Over the past 20 years, October has been the choppiest month for stocks. This year may follow the pattern of 2011, 1998, and 1990, when steep declines in August were followed by further downdrafts in October. “We are in an important seasonal stretch, a time in history when the August and October period is very volatile,” says Chris Verrone, head of technical analysis at Strategas Research Partners. “We’re not done with the correction quite yet. The repair process takes many months, and part of that repair process is going back and undercutting initial lows.”

Gerald Celente: This is a Turning Point Event (Herman J.)

“This is a turning point in America’s foreign policy because the failure of Syria is in front of everybody’s eyes, the failure of Afghanistan with the bombing of this hospital is in front of everybody’s eyes. These people are traitors.”

Global Players at the Financial Poker Table (GE Christenson)

The Fed and Treasury can “print” trillions of currency units and commercial banks can borrow into existence trillions more, but ultimately gold and silver must be revalued much higher to compensate for the extraordinary printing and devaluation of fiat currencies. See graph below from Hubert Moolman showing the ratio of gold prices to monetary base.

Charles Hugh Smith: When the Aristocracy Leaves the Commoners in the Dust, The Empire Is Doomed (richcabot)

Once the barriers between commoners and the Elite become impassable, the Empire is doomed. As noted in Following in Ancient Rome's Footsteps: Moral Decay, Rising Wealth Inequality, military service was a distinguishing feature of the Elites and landowning commoners of Rome.

Indeed, as noted in the above essay, Rome's aristocracy suffered higher rates of KIA (killed in action) than the commoners.

The World’s Largest Man-Made Wave Rises Up (jdargis)

As seen in the video above, the waves crest against an artificial coast that can be used to help test barriers, dams, and dykes against different wave intensities. It’s much-needed research: According to the United Nations Educational, Scientific and Cultural Organization, an average of 7,000 people lose their lives in floods every year.

Here’s Why a Prepper Homestead May Not a Good Plan for Survival (thc0655)

Next year will be better because I’ve put into place what I’ve learned. I’ve gotten a deer-proof fence, I’ve gopher-proofed my raised beds, I figured out how to keep my dog out of the lower beds by placing barriers at the corners after he peed on my favorite tomato plant. Once I’ve harvested the last tomato, I’ve got a cover crop ready to go into the beds to enrich the soil and feed my chickens this winter. And to greater express my determination, I’ve enrolled in a master gardener’s course through my county extension office.

I will grow food next year. But if we had to live off of this year’s harvest, we’d be screwed.

Researcher: Children's cancer linked to Fukushima radiation (richcabot)

Making sense of the relationship between radiation and cancer is precarious: It's scientifically impossible to link an individual cancer case to radiation. Looking harder with routine check-ups, like the one in Fukushima, leads to quicker discovery of tumors, inflating the tallies in a so-called "screening effect."

Victory! World’s Largest Nation Bans GMO Food Crops (richcabot)

Russian supermarkets from Rostov on Don to Sochi to Moscow today feature overwhelmingly Russian products, domestically grown. Russians I spoke with during a visit this August to the Rostov region told me they realized that the taste of Russian food such as tomatoes was far superior to that of imported food that often is artificially colored and treated with chemical preservatives that it holds on the shelf, looking fresh. Following the tumultuous collapse of the Soviet Union in the early 1990’s the corrupt Yeltsin government opened the doors for western agribusiness giants like Kraft, Nestle, Unilever to fill Russian stores with their agribusiness industrialized food products.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/9/15

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."

18 Comments

robie robinson's picture
robie robinson
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"won't you be my neighbor"

http://www.remax.com/realestatehomesforsale/12911-horseshoe-loop-amelia-...

 

this property would make the future owner the neighbor of a PP family whose mare is settled.

pinecarr's picture
pinecarr
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China Launches GLOBAL Yuan Payment System

From SGTE Report, "END OF THE DOLLAR: China Launches GLOBAL Yuan Payment System",  http://sgtreport.com/2015/10/end-of-the-dollar-china-launches-global-yuan-payment-system/

from RT:

China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar’s dominance.

 

davefairtex's picture
davefairtex
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payment vs reserves

Once again, the currency you pay for stuff with does not determine the currency you keep your reserves in.  China having a global payment system using Yuan does not impact the use of the US dollar as the global reserve currency.

To dethrone the dollar as a reserve currency, you cannot focus on the payment currency, you must focus on the currency held as central bank reserves.  To be sure, its useful for China to widen the use of the Yuan as a payment currency, in order to avoid having their trade cut off the way Iran was when it was cut out of the global payments network.  Its just a smart strategic move.

But jumping from there to the assumption that, because a nation pays for things in Yuan necessarily means their central bank will start storing its reserves in Yuan - its just totally unfounded.

I'm not being a dollar apologist, I'm just being pragmatic.  The reserve currency is not about payments.  Reserve currency is about what currency you keep as your reserves!

That's why its called a reserve currency!

Savings = reserve currency.

Money in your wallet today = payment currency.

When Cambodia's ATMs starts issuing RMB instead of $100 USD notes, then I'll start paying attention.

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saxplayer00o1
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Fed officials seem ready to deploy negative rates in next crisis

Fed officials seem ready to deploy negative rates in next crisis

MarketWatch-2 hours ago
Federal Reserve officials now seem open to deploying negative interest rates to combat the next serious recession even though they rejected ...

Is the world heading for its third global financial crisis?

Telegraph.co.uk - ‎8 hours ago‎
This week, the fund said global growth this year would be the slowest since the Great Recession. A separate report by the fund warned that the world faced a “triad” of challenges that meant policy missteps could wipe a massive 3pc off global growth.

S&P Cuts Ratings on Catalonia

Wall Street Journal-3 hours ago
After Spain's economy plunged into recession in 2008, the dispute swelled into a full-fledged campaign for independence. The national government in Madrid ...
 

 

pinecarr's picture
pinecarr
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Thanks for your insight, Dave

Yeah, I left the "End of the Dollar" part of the SGTE Article title out of the Subject line for my DD post, because it struck me as a speculative jump from the factual aspect of the article, that the Chinese are launching a global Yuan payment system.  Given your comments, I now have a better understanding of WHY it was a jump.  Thanks again for contributing to my/our understanding of currency and PM related subjects, Dave!

Tall's picture
Tall
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Unbelievable screening effect

In the highlight from the post above: "Looking harder with routine check-ups, like the one in Fukushima, leads to quicker discovery of tumors, inflating the tallies in a so-called "screening effect."

If you read the article, the magnitude of difference between children in Fukushima and Japanese children in general is great: 20 - 50 times the rate of thyroid cancer among Fukushima children than what is normally expected.

 

For comparison, look at the magnitude of the estimated screening effect for the widespread use of mammograms to detect breast cancer. The result? A doubling in detection of early cases:

"The introduction of screening mammography in the United States has been associated with a doubling in the number of cases of early-stage breast cancer that are detected each year, from 112 to 234 cases per 100,000 women — an absolute increase of 122 cases per 100,000 women."

http://www.nejm.org/doi/full/10.1056/NEJMoa1206809

pinecarr's picture
pinecarr
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TTIP - Quarter Million Germans Protest Obama "Free Trade" Deal

From ZH,"The Biggest Protest This Country Has Seen In Years" - Quarter Million Germans Protest Obama "Free Trade" Deal"

"This is the biggest protest that this country has seen for many, many years," Christoph Bautz, director of citizens' movement Campact told protesters in a speech.

According to Reuters, "opposition to the so-called Transatlantic Trade and Investment Partnership (TTIP) has risen over the past year in Germany, with critics fearing the pact will hand too much power to big multinationals at the expense of consumers and workers."

Popular anger appears to be focused on the encroachment by corporations into every corner around the globe:

"What bothers me the most is that I don't want all our consumer laws to be softened," Oliver Zloty told Reuters TV. "And I don't want to have a dictatorship by any companies."

Other are mostly concerned about the secrecy covering the treaty and its negotiations: "Dieter Bartsch, deputy leader of the parliamentary group for the Left party, who was taking part in the rally said he was concerned about the lack of transparency surrounding the talks. "We definitely need to know what is supposed to be being decided," he said."

As Deutsche Welle adds, the EU and US aim to conclude the negotiations, which began in 2013, by sometime next year. The next round of negotiations is set to begin later this year. Once completed, TTIP would create the world's largest free-trade zone, home to some 800 million consumers.

Campaigners are particularly concerned about a provision in the deal that would allow companies to sue governments in special tribunals. Such an arrangement, they fear, would lead to an erosion of labor and environmental protections . TTIP's supporters dismiss such thinking and argue that the deal would boost the EU's economy by removing tariffs and creating common standards.

 

http://www.zerohedge.com/news/2015-10-10/biggest-protest-country-has-seen-years-quarter-million-germans-protest-obama-free-tr

Arthur Robey's picture
Arthur Robey
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Correlation not causation.

For comparison, look at the magnitude of the estimated screening effect for the widespread use of mammograms to detect breast cancer. The result? A doubling in detection of early cases:

That's horrific.  Mammograms cause breast cancer. 

Tall's picture
Tall
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Don't get me started Arthur!

High doses of radiation are associated with a significantly increased risk of cancer.

Low doses - well, it depends: http://www.rug.nl/research/portal/files/6752641/Jansen_van_der_Weide_201...

davefairtex's picture
davefairtex
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TTIP

My two cents on TTIP: anything negotiated in secret can't be good.  Really, process is important.  And my sense is, corporations wrote whole sections of this particular agreement for their own benefit.  I'm really tired of big companies owning government.

Time2help's picture
Time2help
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I say we pass it.

How else are we supposed to find out what's in it?

Time2help's picture
Time2help
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New and improved

Looks like we may have new and improved false flag action down in Oregon.

"But how could they?" you might ask. 

It's all perfectly legal now.

New Bill Legalizes Government Propaganda and Disinformation on American Citizens (Vigilant Citizen)

The NDAA Legalizes The Use Of Propaganda On The US Public (Business Insider)

How the NDAA Allows US Gov to Use Propaganda Against Americans (Susanne Posel, IHN)

KugsCheese's picture
KugsCheese
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davefairtex wrote: My two
davefairtex wrote:

My two cents on TTIP: anything negotiated in secret can't be good.  Really, process is important.  And my sense is, corporations wrote whole sections of this particular agreement for their own benefit.  I'm really tired of big companies owning government.

Anything negotiated by government is bad.  

ezlxq1949's picture
ezlxq1949
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TPP and TTIP

I think these deals represent the final, desperate attempts by the Old Guard to scrape together enough credit to keep the system alive for a little while longer. Various analysts can't see many benefits. Neither can the Old Guard, otherwise the deals wouldn't be so secret.

So tired of the elites doing things to us behind walls of secrecy and security. Security for whom? That which is said in secret should be shouted from the rooftops.

I doubt that the TPP will cause many or any jobs to return to the US, partly because it's simply too late for that, and partly because the chief recipient of exported US jobs — China — has deliberately been excluded from the deal. The promise is dangled that China may join later if it wishes, but only I suspect after its economy has been pummeled enough to make it come begging.

A cartoon in yesterday's edition of The Saturday Paper sums it all up beautifully: the Australian PM and the Trade Minister are descending Mount Sinai, with the latter carrying a stone tablet engraved "TPP". One of the people in the crowd exclaims, "Behold the Word of God!" The PM replies, "Close."

Uncletommy's picture
Uncletommy
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Way to go, Vladdy Boy.

Russian's ban GMO's! WTF? Maybe the US will join the TSS (Trans Sino-Soviet) trade deal, seeing how Hillary doesn't like the look of the TTIP. Hmmmm? GMO or radioactive fish?   

Uncletommy's picture
Uncletommy
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Way to go, Vladdy Boy.

Russian's ban GMO's! WTF? Maybe the US will join the TSS (Trans Sino-Soviet) trade deal, seeing how Hillary doesn't like the look of the TTIP. Hmmmm? GMO or radioactive fish?   

Arthur Robey's picture
Arthur Robey
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A Possible Motive.

Doctors Without Borders has been uncharacteristically vocal on this political issue, unequivocally stating that the TPP deal is “a bad deal for medicine.” (Some theorize this position earned them an unwelcome visit from the US military in Afghanistan.)

https://www.corbettreport.com/the-trans-pacific-partnership-negotiations...

Know this. Soon sites like Peak Prosperity will be shut down. And then you will be force feed your daily pap.

Time2help's picture
Time2help
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News?
Courtesy ZH
 

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