Daily Digest

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Daily Digest 12/21 - Times Are Changing In Spain, Fukushima Cover-Up Exposed

Monday, December 21, 2015, 11:11 AM

Economy

Democrats embrace modern America as Republicans reject it (jdargis)

“On our worst day, I think we have a lot more to offer the American people than the right-wing extremists,” Sanders declared at the debate’s end. O’Malley concluded similarly: “When you listened to the Republican debate the other night, you heard a lot of anger and a lot of fear. Well, they can have their anger and they can have their fear, but anger and fear never built America.”

Peter Schiff: Mission Accomplished (richcabot)

In its initial story of the day's events, The Washington Post (12/16/15) declared that by raising the Fed Funds rate to one quarter of a percent The Fed is "ending an era of easy money that helped save the nation from another Great Depression." Putting aside the fact that 25 basis points is still 175 points below the near 2.0% rate of core inflation that the government has reported over the past 12 months (and should therefore be considered undeniably easy), the more important question to ask is into what environment the Fed is apparently turning this page.

Sell The Bonds, Sell The Stocks, Sell The House — Dread The Fed! (richcabot)

But c’mon. Those ancient texts have no relevance to the debt-saturated, state-dominated, hideously over-capacitated global economy of 2015. They just convey a stupid little paint-by-the-numbers simulacrum of what a purportedly closed domestic economy looked like even back then.

Why Gold Is Going Down, In Two Words (DG)

A restatement of this, is that: “Currencies are valued at differing rates by the currency of their transactions.” Which again circles back to the question of intrinsic and enduring value of either, Metal Gold, or Paper Contracts. So for 'Probably Cause”, it is my coclusion that the USA manipulates its own currency for its own policy ends. Given the pricing fluctuations in the Monetary Metals, it seems evident to me, that suppression has been ongoing.

The Fed Just Killed This Sector (Tiffany D.)

Shares in one of the largest high-yield bond exchange-traded funds (ETFs) — SPDR Barclays High Yield Bond ETF — plunged more than 8% in less than two months, and the selling isn’t over, as I’ll explain in a moment.

But, once the doom and gloom is all priced in, it will be an ideal time to lock in higher-yielding stocks — I’m talking double-digit yields. Just not today.

Times are changing in Spain (jdargis)

It is in the space left by the main two parties, which for the first time in Spanish democracy have both lost votes, that two new parties, Podemos and Ciudadanos, have been able to insert a very attractive proposal for change. Both have managed to revive democracy with a new and appealing language able to attract disaffected voters and young voters back into politics. The emergence of both parties, and in particular the incredible surge in polls of Podemos during the last week, is the true story of Sunday night.

Clinical Genetics Has a Big Problem That's Affecting People's Lives (jdargis)

In one study, Stephen Kingsmore at the National Center for Genome Resources in Santa Fe found that a quarter of mutations that have been linked to childhood genetic diseases are debatable. In some cases, the claims were based on papers that contained extremely weak evidence. In other cases, the claims were plain wrong: The mutations turned out to be common, like the one in Rehm’s anecdote, and couldn’t possibly cause rare diseases.

Huge Fukushima Cover-Up Exposed, Government Scientists In Meltdown (richcabot)

Fukushima radiation just off the North American coast is higher now than it has ever been, and government scientists and mainstream press are scrambling to cover-up and downplay the ever-increasing deadly threat that looms for millions of Americans.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/18/15

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

saxplayer00o1's picture
saxplayer00o1
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Posts: 4064
China Signals More Stimulus After Top Meeting to Assess Economy

 

China Signals More Stimulus After Top Meeting to Assess Economy

Bloomberg - ‎8 minutes ago‎
China's leaders signaled they will take further steps to support growth, including widening the fiscal deficit and stimulating the housing market, to put a floor under the economy's slowdown. Monetary policy must be more “flexible” and fiscal policy ...

Lender Versus Lender Rears Its Head Again in Canada's Oil Patch

Bloomberg-4 hours ago
... banks and its largest shareholder had taken steps to help it avoid a technical default. ... Lightstream Resources did a similar debt exchange with its two largest ...
 

Malaysia's growth to slow to 4.7pc in 2016, report says

Malay Mail Online - ‎5 hours ago‎
The Deloitte's report highlighted the negative impact of China's continuing economic slowdown on the Malaysian economy, accounting for over nine per cent of total domestic exports. — AFP picKUALA LUMPUR, Dec 21 — Malaysia's growth is expected to ...
 

Household debt burden grows in 2014

The Korea Herald-8 hours ago

The country's total household debt stands at 1,166 trillion won as of ... Monday's report showed the average household's debt grew 2.1 percent to 61.8 million, .

Saudi Arabia Said to Weigh Selling State-Run Entities Stakes

Bloomberg-4 hours ago
... measures to avoid rising unemployment, deficits and debt, McKinsey & Co. ... The country requires public and private investments of as much as $4 trillion as ...
 

WA deficit expected to blow out to $3.1b

Yahoo7 News-10 hours ago
Western Australia is looking down the barrel of a massive $3.1 billion budget deficit this year and debt levels that could peak at $39 billion within four years.

Asian firms face record bond repayments as currencies slump

Manila Bulletin-7 hours ago
Companies face $45 billion of bond repayments in greenbacks, euros or yen in the ... for imports and narrow its current-account deficit, according to Colquhoun.

Brazil new finance chief gets rude reception as crisis deepens

Chicago Tribune-8 minutes ago
The economy is now shrinking at a 7 percent annual pace; the budget deficit has ... His relentless push in Congress to curtail labor and pension benefits earned ...

Brazil Real Drops Beyond 4 as Minister Skips Budget Plan Details

Bloomberg-1 hour ago
The cost of insuring Brazilian bonds in the credit-default swaps market for five years rose 12 basis points to 501 basis points, the highest level since Sept. 29.

Obamacare's 'Cadillac tax' will swamp municipalities

Philly.com-9 hours ago
... for municipalities with severely distressed pension plans like Philadelphia, ... is that repealing the Cadillac tax without a replacement will increase the deficit.

Lucas calls for pension plan reform following new report

Charleston Post Courier-16 minutes ago
S.C. House Speaker Jay Lucas, R-Hartsville, is calling for pension reform to be a top ... after a new report found the fund has $49.2 billion in unfunded liabilities.

 

Mark Cochrane's picture
Mark Cochrane
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Posts: 1216
Reality check

Huge Fukushima Cover-Up Exposed, Government Scientists In Meltdown

Great title worthy of MSM disinformation practices. Is there no honesty in reporting anything anymore. We sell emotion (fear!) and tell you what to feel, facts be damned. Critical thinking means being critical of whatever you read no matter the source. Zerohedge, which I generally like, is creeping over to my CNN bin.

The article shows no 'coverup' and doesn't make any mention of 'government scientists' at all, regardless of their meltdown status.

A study by the American Geophysical Union has found that radiation levels from Alaska to California have increased and continue to increase since they were last taken.

The American Geophysical Union (AGU) is an organization of scientists, it doesn't study or 'find' anything! This misbegotten quote refers to a single presentation at the AGU Fall conference last week where about 24,000 scientists were. I didn't go this year, opting to have some family time, but most of my colleagues did. New scientific findings are presented in talks (few) or posters (many). I was on two posters this year presented by others.

So how did the shocking findings come to light? Well, they were found and reported by 'scientists' at the Woods Hole Oceanographic Institution (WHOI), which is not a government institution. They found that Cesium-134 levels (11 Becquerels per cubic meter) were 50% higher than previous measurements. This is concerning because Cesium-134 has a half life of 2 years. This means that half of it decays every 2 years. For the concentrations to be still rising means that a plume of contaminated water is still being pushed over towards California now more that 4 years later.

Instead of presenting the findings as an alarming sign of growing radiation, however, Buesseler emphasizes that the Cesium-134 levels detected are still 500 times lower than the drinking water limits set by the U.S. government. The news site The Big Wobble questions whether Buesseler and Woods Hole’s heavy financial reliance on the U.S. government – Woods Hole has received nearly $8 million in research funding from several government agencies – plays any role in this emphasis.

The level IS 500 times lower than U.S. government levels set for drinking water, that is a FACT. Why would someone present that as ALARMING? The article does close using the scientist's quote (emphasis in the original:

“Despite the fact that the levels of contamination off our shores remain well below government-established safety limits for human health or to marine life,” he said, “the changing values underscore the need to more closely monitor contamination levels across the Pacific."

Ok, the scientists report the facts, in the proper context, and call for close monitoring because of the increasing levels. Yet, it is insinuated that because WHOI has received nearly $8 million in research funding from various government agencies that this is somehow tainted? Who the heck do you think would be funding this type of research? Scientists don't do bake sales and Monsanto isn't lining up to fund ocean studies of radioactivity.

If this were a cover-up of some sort you simply wouldn't study it at all and you certainly wouldn't report it to 24,000 scientists and attendant media. If they presented anything that didn't add up their colleagues would crucify them. Scientists are like sharks with slide rulers (well, computers in these days). Egos are always on display and criticism is the coin of the realm.

Practice those critical thinking skills...

Time2help's picture
Time2help
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Posts: 2766
Sometimes things come back to bite you...

Good for a Monday morning chuckle...

Sterling Cornaby's picture
Sterling Cornaby
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Posts: 152
Scientific Priestcraft

Thank you for posting this.  

As a scientist myself I see this kind of nonsense much more often then I would like.  This nonsense is used as a fear lever to excite the public for all sorts of agendas the media.  It is used to both justify grants and get grants at universities.  It is used to justify or mandated products from the high tech private sector for racketeering profits.

I really do not like 'scientific' preistcraft.  

thc0655's picture
thc0655
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Posts: 1513
Cars and guns

Have you ever noticed that when a car/truck is used to kill people (such as in the homicide chronicled below, or a DUI fatality) no one ever calls for "car control" like they call for gun control when someone shoots people to death?  And notice that we already have mandatory licensing and registration for cars, yet thousands of people are slaughtered every year on our streets and highways.  Maybe instituting a few new laws regarding cars would help: a 10 day "cooling off" waiting period before buying a car, a 3 month police background check on buyers, and prohibiting people on the "no fly list" from purchasing cars.  After all, if someone is so dangerous they're on the "no fly list" they should never have access to such a lethal weapon as a car.

But it is odd how this article is worded.  Notice how the junior journalist and clueless editor state that the car drove up on the sidewalk to hit pedestrians, not that the DRIVER drove the car up on the sidewalk.  (Admittedly, some passages in the article use the active voice in reference to the driver, but not consistently.)

A car plowed into pedestrians on the sidewalk Sunday night on the Las Vegas Strip, killing one person and injuring 37 people, six critically.

http://www.reviewjournal.com/news/las-vegas/car-plows-pedestrians-near-planet-hollywood-killing-one-injuring-37-video

As our society's crumble due to our distressed 3E's,  I'm betting the average person will have need of the tools of self-defense before they will have need of their precious metals, and stores of water and food.  People in Europe seem to be coming to that realization lately regarding the "refugee" crisis.

http://www.zerohedge.com/news/2015-12-21/germans-scramble-buy-weapons-amid-nationwide-spike-migrant-driven-crime

Germans, facing an influx of more than one million asylum seekers from Africa, Asia and the Middle East, are rushing to arm themselves.

All across Germany, a country with some of the most stringent gun-control laws in Europe, demand is skyrocketing for non-lethal self-defense weapons, including pepper sprays, gas pistols, flare guns, electroshock weapons and animal repellants. Germans are also applying for weapons permits in record numbers.

The scramble to acquire weapons comes amid a migrant-driven surge in violent crimes — including rapes, robberies and aggravated assaults — in cities and towns throughout the country.

German authorities, however, are going to great lengths to argue that the German citizenry's sudden interest in self-defense has nothing whatsoever to do with mass migration into the country, despite ample evidence to the contrary.

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

 

pinecarr's picture
pinecarr
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In your face “Black Swan”! - Bill Holter, JS Mineset

Speculation on recent events by Bill Holter on SGT Report, 12/20/15, http://sgtreport.com/2015/12/in-your-face-black-swan/

What happened last Wednesday deserves another look because I believe it marked a huge pivot point and very few are even talking about it. Last Wednesday the Fed raised rates one quarter of a point but that was not the big story. The big story was the about face the U.S. did geopolitically!

And:

I believe the “tell” on Friday was a weak dollar. Much of what happened in the markets could have been expected as reaction to the Fed tightening credit conditions …but not a weak dollar. The meeting between Mr. Lavrov, Mr. Putin and John Kerry far overrides anything the Fed could have done or said in my opinion. The foreign policy about face where Mr. Assad no longer “needs to go” and Turkey being ordered to withdraw troops from northern Iraq was astonishing! These statements were followed by Mr. Putin establishing a no fly zone over northern Syria. In another twist, Turkey still maintains Mr. Assad must go and they are refusing to withdraw troops from Iraq.

When in your lifetime have you ever seen anything like this? An “ally”, ANY ALLY publicly denying U.S. will? We all saw an IN YOUR FACE BLACK SWAN but few have recognized it yet!

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
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Posts: 2237
In your face “Black Swan”! - Bill Holter, JS Mineset

Speculation on recent events by Bill Holter on SGT Report, 12/20/15, http://sgtreport.com/2015/12/in-your-face-black-swan/

What happened last Wednesday deserves another look because I believe it marked a huge pivot point and very few are even talking about it. Last Wednesday the Fed raised rates one quarter of a point but that was not the big story. The big story was the about face the U.S. did geopolitically!

And:

I believe the “tell” on Friday was a weak dollar. Much of what happened in the markets could have been expected as reaction to the Fed tightening credit conditions …but not a weak dollar. The meeting between Mr. Lavrov, Mr. Putin and John Kerry far overrides anything the Fed could have done or said in my opinion. The foreign policy about face where Mr. Assad no longer “needs to go” and Turkey being ordered to withdraw troops from northern Iraq was astonishing! These statements were followed by Mr. Putin establishing a no fly zone over northern Syria. In another twist, Turkey still maintains Mr. Assad must go and they are refusing to withdraw troops from Iraq.

When in your lifetime have you ever seen anything like this? An “ally”, ANY ALLY publicly denying U.S. will? We all saw an IN YOUR FACE BLACK SWAN but few have recognized it yet!

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
An Idea.

Someone got everything? 

Give someone's Christmas present to the Orangutans.

https://www.greenpeace.org.au/donate/forest/?src=EM15&ea.client.id=1845&...

Arthur Robey's picture
Arthur Robey
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Posts: 3936
Space x

Well, The kids have done it. And had a good time too.

I noticed the prompt to get a job with them at the end. 

(I hope that the motors are good for another burn.)

They say their goal is Mars- I wonder.? Just maybe the South pole of the moon?

Uncletommy's picture
Uncletommy
Status: Gold Member (Offline)
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Posts: 474
Gift suggestions. I'll do you one better, Arthur.

Give your loved ones a hug, enjoy a Christmas meal with them and plant of tree for each of them.

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2237
Nice idea, Arthur. My personal favorite is Heifer

A Christmas tradition I established with my son is to pick out a gift from the Heifer Catalog (like bees, a share of the price towards a goat, or chicks).  Heifer is at: http://www.heifer.org/gift-catalog/index.html .

Heifer strives to empower and teach needy families to achieve a better, more sustainable way of life.  I also love their motto, which is (something to the effect of) "pass it on"; those who receive a gift of animals will later pass on one of the offspring to another local family in need.  I really like the concept.

I keep waiting to see when poverty-stricken cities in the US, like Detroit, get added.

Time2help's picture
Time2help
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Posts: 2766
Competition (sort of)

A daytime landing is much cooler, IMO.

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