Daily Digest

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Daily Digest 1/17 - U.S. Announces New Iran Sanctions, The Future Of "Land-Sparing" Farming

Sunday, January 17, 2016, 1:52 PM

Economy

US political system designed to weed out truly progressive people - US Pres. Candidate. (richcabot)

The U.S. should use its power to help convene, as president Putin was trying to do as far back as in 2012, to convene all the groups that are involved, including president Assad, including the forces of democracy that have been so brutally repressed, to bring them all together and work out a process for democratic determination of Syria's future. It should not be decided by the foreign powers, and, this is all, really, predicated, I think, on foreign powers...you know, this is to me why you can't separate these into separate boxes: we need to move towards clean, renewable energy, so that we are self-sufficient and not fighting proxy wars over fossil fuel resources and their modes of transport.

Creeping American Socialism (Wilson S.)

Many still cling to the image of the entrepreneurial spirit of American capitalism, to which they have rightly attributed their historical prosperity. But, over the decades the size of the US government measured by total government expenditure as a percentage of GDP has been continually increasing, as is seen the chart of the previous post. The size of government has increased from 20 percent of GDP to over 36 percent of GDP in 70 years. This fact of gradual increase in the size of government is called here creeping socialism, which has occurred also in other Western countries.

Gold Breaches R18000/oz, Up 11% In Two Weeks! (Francois V.)

While it may not be immediately obvious to someone who is just starting to learn about currencies and the workings of our modern day financial system, to those who have even a basic understanding about these topics, it is clear that the figures above have more to do with the continued weakening of the South African Rand (ZAR) than they have to do with an increase in the purchasing power of Gold.

Indebted Chinese Companies Increase Pressures on Government (jdargis)

Shipbuilding is part of a long list of Chinese industries, including steelmaking, coal mining and auto, that borrowed heavily from state-run banks to expand during the good years, helping to propel the country’s three decades of double-digit economic growth. But growth has now slipped to around 7 percent, and many companies are running low on cash.

After Americans are released, U.S. announces new Iran sanctions (jdargis)

Eleven people and companies involved in Iran's ballistic missile program are under restrictions that remain despite international sanctions being lifted Saturday as part of a nuclear agreement. The announcement came as a flight was midair with Americans who were released in an exchange.

Iran Could Get Five Times More From Oil Sales by Year-End (jdargis)

Iran was OPEC’s second-biggest producer until sanctions were intensified in 2012, and the county is seeking now to regain its former economic prominence. Iran’s financial resources will “increase significantly” with the removal of sanctions, President Hassan Rouhani said Sunday. A surge in Iranian oil outputwill generate much-needed cash even if it adds to a surplus of supply that has contributed to 12-year lows in crude prices.

Federal Emergency Is Declared in Flint Over Contaminated Water (jdargis)

The tap water in Flint, population 99,000, became contaminated after the city switched its water supply to the Flint River from the Detroit water system while a pipeline to Lake Huron is under construction. The corrosive water lacked adequate treatment and caused lead to leach from old pipes in homes and schools.

Flint returned to the Detroit system in October after elevated lead levels were discovered in children, and could tap into the new pipeline by summer.

“Land sparing” farming could offset agricultural carbon emissions (jdargis)

The authors' models, for example, have some pretty hefty caveats. They note that “As yields increase, the area of farmland required for a given level of production declines, allowing land to be spared.” True, but they don't mention how we get yields to increase; rather, they helpfully point out that “A key issue, therefore, is identifying the mechanisms that could contribute to this outcome.” Naturally, especially as food demand is also projected to increase.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/15/16

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."

4 Comments

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2892
Low volume

Looks like the PPT is buying up the pre-market again.

Peter Smith's picture
Peter Smith
Status: Bronze Member (Offline)
Joined: Mar 28 2009
Posts: 42
Banks, Credit Unions & "Bail Ins"

Are Credit Unions "shareholders" subject to the same risk of bail-ins as bank deposits?  

 

DennisC's picture
DennisC
Status: Gold Member (Offline)
Joined: Mar 19 2011
Posts: 342
Do you want the truth...

...or something beautiful?

I'm sorry to repost these links since there are so many avid ZH readers on this site.  I just found it interesting and a topic that has been discussed here in the past, particularly with regards to potential (taxpayer) bail-outs (or depositor bail-ins) in the energy arena.  There was this:

http://www.zerohedge.com/news/2016-01-17/wells-fargos-problem-emerges-17...

and also this:

http://www.zerohedge.com/news/2016-01-17/wells-fargo-bad-citi-worse

What makes it more interesting (IMO) is I heard the song below today.  It seems, to me at least, that lyrics can take up an interesting relevance even if the singer/songwriter didn't have the particular (i.e. your particular) meaning/thought/emotion in mind.  So, here we go:

 

A prophet took my hand on all souls day
He preached the value of deception
Changing shadows by shape shifters rules
Tales are never just for fools

The caught of conscience came before me
Presented me with a heavenly angel
He took my hand and asked me truths aside
To his questions I replied

Do you want the truth or something beautiful?
Just close your eyes and make believe
Do you want the truth or something beautiful?
I am happy to deceive you

"Do You Want The Truth Or Something Beautiful ?" - Paloma Faith

Ooh, scary boys and girls!

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 811
Land Sparing Farming

I suspect Professor Bartlett would have had some fun doing the math on land sparing farming.  

From what I can see, we are headed straight for global famine, yet this study is considering the feasibility of magically increasing production, not to feed the growing population, rather to reduce greenhouse emissions?

No mention of water shortages, land decertification, or increasing energy costs.

 

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