Daily Digest

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Daily Digest 12/31 - The Myths Of Collapse, Who Owns The Federal Reserve?

Thursday, December 31, 2015, 11:10 AM

Economy

The Myths Of Collapse (Wendy SD)

Collapses are messy things; often leave no clear records. In addition, collapses are chaotic and almost impossible to teach unless you go on the micro level, which even when available is the province of serious researchers, not popular histories OR schoolrooms. So one gets “French society collapsed, and then Napoleon–”

This generates several myths, which are actually hurting the decision making people are doing RIGHT NOW.

What’s in Store for Our Freedoms in 2016? More of Everything We Don’t Want (richcabot)

More surveillance. The surveillance state is alive and well and kicking privacy to shreds in America. Whether you’re walking through a store, driving your car, checking email, or talking to friends and family on the phone, you can be sure that some government agency, whether the NSA or some other entity, will still be listening in and tracking your behavior. This doesn’t even begin to touch on the corporate trackers that monitor your purchases, web browsing, Facebook posts and other activities taking place in the cyber sphere. We are now in a state of transition with the police state shifting into high-gear under the auspices of the surveillance state.

Time For Torches & Pitchforks: The Little Guy Is About To Get Monkey-Hammered Again (reflector, pinecarr)

And this time the Fed is out of dry powder, meaning retail investors will never recover as they did after 2002 and 2009. Moreover, the overwhelming share of main street losses will be the among baby-boom demographic——sixty and seventy something’s who will be down for the count.

Growth Ain't What It Used To Be and Won't Be Coming Back Anytime Soon. Here's Why (Chris H.)

The U.S. is still projected to grow by 77m but significantly less than the previous estimate of 113m. 95% of the cuts to the population growth are in the under 45yr/old population. As the chart below highlights, the cuts among the 0-24 and 25-44 populations were massive... the change in growth among the 45 and older miniscule.

Why Austrian Investing Is Important In The Era Of State Imposed Fiat Money (Taki T.)

As a result of the previous two trends, the value of our currency has gone one (and only one) direction: down. These are simple economic laws: the more currency available, the lower its value, and gold has the ultimate characteristic to measure that.

Who Owns the Federal Reserve Bank—and Why is It Shrouded in Myths and Mysteries? (reflector)

The choice of the word “Federal” in the name of the bank thus seems to be a deliberate misnomer—designed to create the impression that it is a public entity. Indeed, misrepresentation of its ownership is not merely by implication or impression created by its name. More importantly, it is also officially and explicitly stated on its Website: “The Federal Reserve System fulfills its public mission as an independent entity within government. It is not owned by anyone and is not a private, profit-making institution”.

Putin signs bill allowing reciprocal impounding of foreign nations’ property (richcabot)

The amendments are a part of a law that was signed in early November and will come into force on January 1. It allows Russia to impound the property of foreign states, so long as Russian courts rule that these nations have damaged the economic or other interests of the Russian Federation. Before this act was introduced, such steps were only allowed on condition the government of the country in question agreed to them.

2016 Predictions: Economic Collapse Caused by Fraud & Debt - Bill Holter (pinecarr)

Holter’s business partner, renowned gold expert Jim Sinclair, has written a long article called “Be Prepared.” Long articles from Mr. Sinclair are rare. Why post this now? Holter says, “Sinclair said it was ‘necessary.’ He believes it could be any day. The unwind could be any day, and once this thing begins to unwind, it will take such a short period to unwind into closure of banks, closure of ATM’s and your credit cards, that you need to be prepared ahead of time.”

NYSE & NASDAQ Ending Limit Risk Orders — You Are On Your Own (Aaron M., Nate)

The New York Stock Exchange and NASDAQ are terminating stop-loss and good-til-canceled orders beginning Feb. 26, 2016. They are claiming risks occur from such orders during volatile trading. They are really admitting that there is a liquidity crisis.

A Crisis Worse than ISIS? Bank “Bail-Ins” Begin…”Your Life Savings Could be Wiped out in a Massive Derivatives Collapse” (pinecarr)

The pensioner’s bank was one of four small regional banks that had been put under special administration over the past two years. The €3.6 billion ($3.83 billion) rescue plan launched by the Italian government uses a newly-formed National Resolution Fund, which is fed by the country’s healthy banks. But before the fund can be tapped, losses must be imposed on investors; and in January, EU rules will require that they also be imposed on depositors. According to a December 10th article on BBC.com:

Oilsands cleanup may not be adequately funded: Alberta AG (Bob R.)

The program allows companies to keep remediation funds low until the mine has less than 15 years of life left, or until the company has less than three times as many assets as liabilities.

But current rules can help companies inflate the asset side of that equation. Saher also noted the rules don't take into account long-term price swings such as the current downturn.

New infrared video reveals growing environmental disaster in L.A. gas leak (richcabot)

Newly obtained infrared video captures a plume of gas — invisible to the naked eye — spouting from a hilltop in the Aliso Canyon area above Burbank, like smoke billowing from a volcano. Besides being an explosive hazard, the methane being released is a powerful greenhouse gas, more potent than carbon dioxide in trapping heat in the lower atmosphere.

‘Toxic stress’: Max blood lead levels in Flint children 7 times higher than CDC guidelines – doctor (richcabot)

Hanna-Attisha first revealed that lead levels in Flint children had been rising to dangerous levels in September, although her work was initially panned and dismissed by state officials, including those representing Michigan Governor Rick Snyder. Her latest research shows the percentage of children with elevated blood lead levels (EBLL) nearly doubled – from 2.4 percent before Flint switched water sources to 4.9 percent after the switch was made.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/30/15

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

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1614
Let's see if it collapses at free fall into its own footprint!

http://www.dailymail.co.uk/news/article-3380507/Fire-rips-Dubai-hotel-close-city-hold-New-Year-celebrations.html

Let's see if this burning hotel in Dubai collapses into its own footprint at free fall speed.

New Year's revellers were sent running for their lives after a fire engulfed a five-star hotel just moments from where Dubai's spectacular fireworks display was due to begin.

The Address Downtown caught fire at about 9.30pm Dubai time, with the flames appearing to reach from the ground floor up another 40-or-so storeys of the 63 floor building.

Those who escaped described how people climbed over each other in their rush to escape the burning building.

One Briton was forced to carry his disabled mother on his back. 

A medic has revealed that at least 60 people were hurt, many with crush injuries, with officials saying one person suffered a heart attack. 

 

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1181
"Now you are down to the few...

and there's no work to do....the tractor's on its way."

 

the lyrics are prescient.    settle your mare

MarkM's picture
MarkM
Status: Platinum Member (Offline)
Joined: Jul 22 2008
Posts: 845
Robie, My mare seems to want

Robie,

My mare seems to want to live in two worlds. I am working on her. Good, old Tull.

Tom,

Still burning, No collapsing into footprint. Folks need to wake up. Most, however, are watching the Pitbull "celebration" on the telly.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
I'm in Love

So I need some critical skills that are not in this skull. 

This is Karen Hudes telling us in Dec. last year (2015) how her mob is vaporizing the network of corporate control before they vaporize us.

There are no semi naked girls or funny clowns but just one woman laying it on the line. Lots I didn't know. 

 

 

Here is someone else's critique of her. 
http://fauxcapitalist.com/2014/04/05/joel-skousens-critique-of-world-ban...

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Rossi's new year Message

Fresh from my inbox. 

Andrea Rossi
January 1st, 2016 at 12:19 AM
Dear Readers of the JoNP:
It’s 00.00.01″ of January 1st 2016.
Update: the 1 MW E-Cat is stable and in ssm, the E-Cat X is very promising and still operating and making heat, electricity.
The E-Cat X is very close to the design of the core of the apparatus described in the US Patent, I mean the wafer. It has been engineered to resist to very high temperatures. The electricity exits directly from the wafer.
As I said , several nights ago I had a dream. The E-Cat X had been produced in billions pieces, each of them assembled with others in various combinations to make public lamps: a town was totally illuminated by the E-Cat X and from every lamp a network of pipes and of wires was able to distribute heat and electricity to the houses.
In that town there were about 1 million lamps each of them of 500 watts, consuming about 50 watts; consequently, there were 450 MWh/h produced, of which about half were turned into heat distributed to the houses through a network of well insulated pipes, running inderground, like optic fibers, the other half was used to enlight the town and to distribute electricity to the households. The cost of the E-Cat X was around 50 $/kW of power, due to the production of billions of pieces per year in all the world, with tens of thousands of jobs. Less taxes were paid by the people, due to the saves derived from low pollution and low energy cost for public services. Millions of persons were also earning money selling E-Cats and every owner of E-Cats was saving money in utilities ( electricity, heat, light).
Then I heard the alarm clock: it was time to return to the factory, to make true the dream. F9.
Happy new year, I love you all.
I am drinking my cup of Korbel champagne, then i have to return to the gauges of the plant. She is good, tonight.
Again, Happy 2016, may God bless you all,
Andrea
 
 
http://www.lenr-forum.com/forum/index.php/Thread/2431-Big-Reveal-from-Rossi-at-Midnight-New-Year%E2%80%99s-Eve/?postID=11050#post11050
 
-- 
LENR Forum
https://www.lenr-forum.com/forum
KennethPollinger's picture
KennethPollinger
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 654
Chris/Charles: Would love to see

your critique of NYTimes article, "After Tumult of 2015, A Look Ahead," by

James B. Stewart, Business Day, TODAY.  What would your "look ahead look like?"

Unless you have done that and I missed it--holidays, you know.   Thanks,  Ken

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Indeed down to a few

Happy New Year everyone!

Draft breeds such as Suffolk and Shire are almost gone. They are not the only casualties of the petroleum age. Other livestock breeds developed to be useful and more sustainably produced in the absence of petroleum are also in trouble, yet those of us with some space and ability can make a difference in preserving these heritage breeds.

See The Livestock Conservancy's (TLC) breed listing for animals that need our help to survive:

http://www.livestockconservancy.org/index.php/heritage/internal/conserva...

TLC also provides technical assistance for maintaining genetic variability among the few individuals left, so that people can work to continue improving the breeds.

 

 

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
Jim Sinclair: potential "Off-The-Cuff" guest?

Jim Sinclair has a recent article to his readers, urging them to "Be Prepared".  His message is significant because:

- It resonates with that of PP.com,

- Mr. Sinclair makes a point of saying that becoming prepared involves more than just precious metals (this coming from a renowned precious metals guy), and

- Writing a lengthy article like this is purportedly not the norm for Mr. Sinclair, who has been characterized as a man of few words*.  [*When asked why he came out with the article now, he was quoted as saying because "it was 'necessary'", per  http://usawatchdog.com/2016-prediction-collapse-caused-by-fraud-debt-bill-holter/ ]

Here is an excerpt from Jim Sinclair's article at JSMinesite.com: http://www.jsmineset.com/2015/12/26/be-prepared/

Dear Extended Family and Friends,

JSMineset is an educational site which presents information throughout the year for your consideration.  The information provided can be about precious metals, the markets, geopolitical events and other topics and articles of general information.

Today, I would like to share with you an outline and some suggestions to consider about general emergency preparedness.  We have written about getting out of the system (GOTS). Getting out completely isn’t possible for most people.  Whether you are in the system, and to what degree, and having precious metals isn’t going to be enough to keep you safe in an emergency situation.  Being prepared for an emergency is something we all need to consider.  Preparedness can be for any emergency.  Preparedness can be for any crisis.  It can be for a natural disaster like an earthquake in California, or a hurricane on the Eastern US, power outage, credit or currency crisis, terror attack, etc.  The disruption of services (utilities, transportation, etc.) we depend on can create societal conditions in which we may need to depend on ourselves and our personal resources.  Our wellbeing and the wellbeing of our loved ones may depend on our preparedness in the times to come.  Precious metals won’t be enough to keep us safe from harm.

The main thing about preparedness is that regardless of the emergency, for the most part, preparedness is the basically the same.  The second thing about preparedness is that, it is better to prepared and not need it, than to need it an not be prepared.  The third thing about preparedness is that it will do no harm.  Being prepared for any emergency is like insurance.  You hope that you never need it, yet you acquire insurance because you prefer the protection and peace of mind it offers.  In this, you prepare for the worst, but hope for the best.  You get the insurance, but hope you never need it.  If you do need it – it can be priceless.

In hearing your concerns, we have prepared an outline of things to consider, and some suggestions to assist you in being prepared for the disruptions in world conditions the future may bring.

Here are the headings for the topics Mr. Sinclair goes on to discuss in his article (see referenced article for details). 

  1. Money
  1. Money Alternatives
  1. Barter
  1. Neighborhoods/Neighbors
  1. Defense and personal safety
  1. Location (present)
  1. Location (desirable)
  1. Location (type/optimal)
  1. Food
  1. Financial information backup
  1. Mental preparedness
  1. Physical preparedness
  1. Emotional preparedness
  2. Spiritual preparedness 

Chris and Adam, I wonder if Mr. Sinclair would consider discussing this topic with you on "Off-The-Cuff" sometime?  That would be one powerful discussion!  There is certainly a lot of commonality between your message and what he communicated in his recent article.

 

 

 

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1181
44, if I remember correctly,

was the number of Suffolk foals registered in North America this past year. They are listed as critical with the Livestock Breed Conservancy. They out cross beautifully and make the finest draft mules. A friend says we best keep the draft arrow in the quiver of human experience.

robie, a teamster being trained by Kelsey and Drew

The relationship that is evolving between the team and myself has become quite close, similar in both affection and confidence, as with Ken, Bluestemfarms Border Collie 

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