Daily Digest

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Daily Digest 4/26 - The Death Of Encryption, Spain Sees Fifth Month Of No Government

Tuesday, April 26, 2016, 12:00 PM

Economy

COMEX Default Is Coming Soon: Bill Holter (pinecarr)

If criminal bankers would not have conspired to suppress gold for the last several years, what would the price be today? Holter says, “You couldn’t have $5,000 or $10,000 gold and 0% interest rates. I think there would have been a panic into metals (gold and silver) by now because the price suppression has been used to hit people’s emotions. It’s been used to hurt their psyche. I think if they had not dumped all this paper to suppress the price, the pot would have already boiled, and there would have been a run on the banks and a run into the metals.”

TTIP trade pact: Obama pushes deal on Germany visit (jdargis)

"People visibly see a plant moving and jobs lost and the narrative develops that this is weakening rather than strengthening the position of ordinary people and ordinary workers," he said. "The benefits often times are diffused."

About 200 protesters gathered in Hanover on Sunday to protest against the deal, with organisers saying they had expected considerably more people to turn out.

Dramatic decline in German and US support for TTIP: survey (jdargis)

Many Germans fear the deal will lower standards for products, consumer protection and the labor market. Fifty-six percent of the Germans see free trade as a positive development, compared to 88 percent two years ago.

“Support for trade agreements is fading in a country that views itself as the global export champion,” Aart de Geus, Bertelsmann’s CEO, said.

The Death of Encryption (Tiffany D.)

Senators Richard Burr (R) of North Carolina and Dianne Feinstein (D) of California are the two senior members of the Senate Select Committee on Intelligence. Recently, they jointly introduced a bill instructing any technology company operating in the U.S. to make encrypted data “intelligible” when presented with a court order. Such decrypted data must be handed over on demand to “the government of the United States and the government of the District of Columbia, or any commonwealth or possession of the United States, of an Indian tribe, or of any state or political subdivision thereof.”

7 Must-See Commodities Charts (Taki T.)

Gold, being one of the leading commodities, has shown great strength in 2016. Uncoincidentally, gold has bounced right at secular support in January of this year. This is another proof that secular trend lines are extemely powerful. Note how this trend line was the last of three secular trend lines. As gold will retrace in the near future, it is imperative that the trend line is not broken to the downside, which would be the ultimate confirmation that the secular bull market is intact.

Discord Pushes Spain Into Fifth Month With No Government (jdargis)

It is not as if public perceptions of the politicians could sink much lower in a country where virtually every party has been caught up in corruption scandals in recent years. But the nearly complete undermining of the public’s faith in its political institutions may be about the only thing achieved since the start of the year.

Weakened Saudi Arabia Could See Social Unrest After Economic Shakeup (Josh O.)

Almost eight decades after oil was first found in the country, officials on Monday are to unveil Deputy Crown Prince Mohammed bin Salman’s “Saudi Vision 2030,” a blueprint seeking to reduce the current reliance on revenue from crude exports. King Salman has approved the package of developmental, economic, social and other programs. Prince Mohammed, known as MbS among diplomats and Saudi watchers, disclosed details of the plan in interviews with Bloomberg in Riyadh.

Solar Impulse completes long-delayed flight across the Pacific (jdargis)

Last night, after over 60 hours in the air and months of work on the ground, Solar Impulse completed its crossing of the Pacific. The landing at Moffett Field completed the most challenging part of its round-the-world journey, one interrupted by a long layover in Hawaii that allowed the team to sort out issues with the craft's batteries.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/25/16

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

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
How do you keep hungry people from eating toxic fish?

For 23 years, federal environmental regulators and state health officials have known the fish in the Donna Reservoir and Canal System pose major health risks to those who consume them.

It's been illegal to fish in the lake since before the Superfund designation, and officials have launched an extensive educational campaign to make sure people know of the danger.

But the lake remains a popular fishing spot, both for recreational fishers and those looking to provide for their families. Its miles of shoreline are an open invitation for poor families and ambitious entrepreneurs who see the fish as cheap food or a way to make a quick buck. Many are still unaware of the risks. And a permanent fix is likely years away.

https://www.texastribune.org/2016/04/23/south-texas-toxic-lake-raises-en...

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 319
Sustainable Town

A brand new super sustainable town is being built in Florida,It will be run entirely on solar power.The owners of the property held out along time in order for this to happen.For anyone interested. www.fastcoexist.com/3058874/

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Mario Monti: EU may well disintegrate
Quote:

MILAN — Mario Monti is worried about the break-up of Europe.

For the first time in a long academic and political life spent in and around the European project, Monti fears that a combination of morally “corrupt” (his word) national politics, structural holes in the Brussels machine, and external crises may trigger the collapse of the EU.

Or, worse — the return of the bloody past that preceded it.

Milan was basking in unseasonably warm weather when the former Italian prime minister and European commissioner sat down for an interview with POLITICO last week. But inside the airy office of the president of Bocconi University, the 73-year-old Italian’s current role, the mood was anything but sunny.

“The EU is going through a crisis which leads me and others for the first time to consider whether we are not heading towards disintegration,” Monti said, with his calm tone and deliberate cadence only emphasizing the seriousness of his words.

“The EU has never been hit by such a high number of different crises of this gravity,” he continued, referring to the migration problem, the rise of terrorism, and the bloc’s persistent economic malaise. “What I am concerned about is that, although the EU has developed itself historically through a process of crisis, response to the crisis, and advancement, this time around it may well not happen.”

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
Venezuela orders 2-day work week

Negative Rates Supernova Poised to Drag Down Australian Yields

Bloomberg-6 hours ago
... even China in their impact on Australian yields, according to Andre de Silva, ... unhedged Australian dollar bonds to counter hedging of U.S. Treasuries and ...
 

Australian central bank set to cut rates next week

MarketWatch-5 hours ago

Couple that with record-low wage growth over recent years, and the central bank is facing the risk that inflation will undershoot its 2%-3% target for a sustained

Venezuela orders 2-day work week

CNNMoney-1 hour ago
Venezuela's President Nicolas Maduro decided Tuesday night to shorten the work week to two days -- Monday and Tuesday -- in an effort to save energy and ...

Venezuela Doesn't Have Enough Money to Pay for Its Money

Bloomberg-5 hours ago
Venezuela's epic shortages are nothing new at this point. No diapers or car parts or aspirin -- it's all been well documented. But now the country is at risk of ...

China could make its $1.3 trillion risky loan problem even worse

CNNMoney - ‎6 hours ago‎
China's efforts to try to tackle its $1.3 trillion risky loan problem could end up making the situation even worse, the International Monetary Fund has warned. Corporate debt in China is estimated to have risen to about 160% of GDP, a high level ...

China Ratings Downgrade Wave Seen as Next Driver of Bond Slump

Bloomberg-14 hours ago
Companies in China must repay 547 billion yuan ($86 billion) of onshore notes in ... Investors are avoiding risky debt, with the yield premium on three-year AA- ...

Brazil Top Court to Rule $114 Billion Catch-22 for Public Budget

Bloomberg-14 hours ago

Five states have debt loads exceeding 1.5 times their annual revenue. Rio de Janeiro, which will host the Olympics in less than four months, has debt virtually ..

Brazil Bonds to Drop If State Debt Rules Change, Citigroup Says

Bloomberg-22 hours ago
... owe the federal government 463 billion reais, including compound interest, according to the Finance Ministry. The debt was previously restructured in 1997 to ...

Fitch: Institutional Loan Market Defaults Surpass $1 Billion for Sixth ...

Business Wire (press release)-1 hour ago
Peabody Energy's bankruptcy filing along with Vertellus Specialty's missed payment and Stallion Oilfield's small distressed debt exchange added $1.7 billion to ...

New York City Millennials Make Less, Have More Debt

Wall Street Journal - ‎Apr 25, 2016‎
Collectively, New York City residents under the age of 30 owe about $14 billion in student loan debt, according to the report. Total student loans held by borrowers under 30 increased by about 10% each year from 2005 to 2014, according to a report from ...

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