Daily Digest

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Daily Digest 5/2 - The Clueless Lawmakers Controlling Your Digital Future, Human Extinction Isn't That Unlikely

Monday, May 2, 2016, 10:05 AM


Listen Carefully for Hints of the Next Global Recession (jdargis)

In fact, it’s instructive to remember that global recessions have usually begun suddenly and been a real surprise to most people. As I have argued in this column and with George A. Akerlof in “Animal Spirits” (Princeton 2009), such events can largely be ascribed ultimately to contagious stories of wide significance. Basically, global recessions tend to begin when newly popular narratives reduce individuals’ motivation to spend money. Psychology matters a great deal.

The Lawmakers Who Control Your Digital Future Are Clueless About Technology (jdargis)

Feinstein and Burr’s bill is not based in any technical reality. Companies like Apple, Microsoft and Google would have to entirely re-engineer how they encrypt user data, leaving it vulnerable to attackers in the process. No encryption expert has identified a way to allow law enforcement access to encrypted communications without also jeopardizing the security of the everyday user.

Recovery Lies, Debt Lies, Retirement Lies, Immigration Lies: John Rubino (pinecarr)

Exorbitantly expensive stimulus yielding ever more anemic response from the real economy - we are stealing obscene amounts from our children and grandchildren’s future to claim we aren’t in recession.

European demographic time bomb of obligation that cannot be paid - will drive huge devaluations to rob the people since inflation.

The Housing Sector Is Waving Red Flags (Tiffany D.)

Right now, the housing market seems to be firing on all cylinders if you follow existing-home sales data. March existing sales rose 5.1%. But, then, this is a lagging indicator, pointing toward prior performance.

Leading indicators paint a completely different picture for the housing market, telling us that March’s strength won’t last long. And we can use this leading information to make one simple trade to take advantage of the situation.

6 EU member countries ask Brussels for 2-year internal border control - report (lambertad)

On Monday, Denmark announced its border control measures would be extended until at least June 2.

Over a million of people from the Middle East, North Africa and Asia arrived in Europe in 2015, making it the biggest migration of people in the region since the Balkan Wars of the 1990s.

How Microgrids May Transform The Future Of Energy (Josh O.)

The study found that the Western Australia grid could be replaced by 85 percent renewable energy at a cost $124 per MWh versus $127 per MWh for a replacement conventional system. The cheaper renewable system relies on roughly 5,000 MW of wind power, 2,000 MW of solar PV combined with battery storage and molten salt solar storage. Using a distributed grid of thousands of PV installations and hundreds of wind generators reduced costs, according to the researchers. This cost reduction was due in large part to reduced need for thousands of miles of electrical poles, wires, transformers, and associated maintenance labor.

Dredging of Miami Port Badly Damaged Coral Reef, Study Finds (jdargis)

South Florida has the only coral reef in the continental United States and 80 to 90 percent of it has died or been badly harmed over the years, officials say. The causes include ocean temperatures that have dipped too low or risen too high, acidification, sewage and pollution. Several cycles of white plague disease, including one in 2014 that coincided with the dredge, have also badly hurt South Florida’s reef. White plague, a virus that bleaches and kills coral, has been destroying reefs around the world.

Human Extinction Isn't That Unlikely (jdargis)

The risk of human extinction due to climate change—or an accidental nuclear war—is much higher than that. The Stern Review, the U.K. government’s premier report on the economics of climate change, estimated a 0.1 percent risk of human extinction every year. That may sound low, but it also adds up when extrapolated to century-scale. The Global Challenges Foundation estimates a 9.5 percent chance of human extinction within the next hundred years.

Greenpeace Publishes Leaked TTIP Documents Revealing ‘Grave’ Environmental, Public Health Concerns (Michael W.)

"In the chapter on sanitary and phytosanitary protection measures, proposals by the US delegation refers to 'products of modern agricultural technology,' which clearly indicates their pressure to get rid of trade barriers for genetically-modified organisms (GMOs), as the proposal also refers to the Global Low Level Presence Initiative, which addresses contamination of agricultural products by GMOs," Greenpeace said in an analysis of the leaked documents.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/29/16

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."


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2016 will almost certainly be the hottest year on record

The Earth is warming so fast that it's surprising even the climate scientists who predicted this was coming. 

Last month was the hottest March in 137 years of record keeping, according to data released Tuesday by the National Oceanic and Atmospheric Administration. It's the 11th consecutive month to set a new record, and it puts 2016 on course to set a third straight annual record. 



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Vanishing Arctic ice shifts jet stream melting Greenland glacier

Investigating the factors affecting ice melt in Greenland — one of the most rapidly changing places on Earth — is a major priority for climate scientists. And new research is revealing that there are a more complex set of variables affecting the ice sheet than experts had imagined.

The new studies center on an atmospheric phenomenon known as “blocking” — this is when high pressure systems remain stationary in one place for long periods of time (days or even weeks), causing weather conditions to stay relatively stable for as long as the block remains in place.

Now, two new studies have suggested that there’s been a recent increase in the frequency of melt-triggering blocking events over Greenland — and that it’s likely been fueled by climate change-driven losses of Arctic sea ice.



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U.S. taxpayer funded bailout for Puerto Rico?

Puerto Rico misses payment as debt crisis escalates

"In a letter to Congress, Treasury Secretary Jacob Lew warned on Monday that a U.S. “taxpayer-funded bailout may become the only legislative course available” if the proposed restructuring legislation isn’t approved."

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A good reason to get that heart checkup by end of October

Obamacare's November surprise

Many consumers will see large rate increases for the first time Nov. 1 — a week before they go to the polls.

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Sandy Hook: 33 unanswered questions

With any story, it takes quite a bit of time to dig in to find out how well it holds together.  This summary article offers the curious and distrustful a jump off point.

33 Unanswered Questions On Sandy Hooks 3rd Anniversary

  • No blood.
  • No bodies.
  • No death certificates.  Unique state legislation passed the year before exempting death certificates and medical records of children from FOIA requests in the State of Connecticut.
  • No inclusion of these 26 murders in the FBI crime statistics for the year.
  • No shot children taken to hospitals.
  • The school demolished with strict rules against photographing the buildings or grounds with strict non-disclosure agreements for the demolition companies.
  • Multiple websites soliciting donations to support the grieving families that were created and archived on Google BEFORE the date of the shooting.
  • A documented FEMA drill going on in the same county that same day.


For those who prefer videos:


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Rickards: The Global Elite Pan in a Nutshell

 Is there no way out of Triffin’s dilemma?

A new gold standard might be one way to solve the problem, but it would require a gold price of $10,000 per ounce in order to be nondeflationary. No central banker in the world wants that, because it limits their ability to print money and be central economic planners.

A new gold standard might be one way to solve the problem, but it would require a gold price of $10,000 per ounce in order to be nondeflationary.

Is there an alternative to gold? There is one other way out. That’s our old friend, the SDR. The brilliance of the SDR solution is that it solves Triffin’s dilemma.

Recall the paradox is that the reserve currency issuer has to run trade deficits, but if you run deficits long enough, you go broke. But SDRs are issued by the IMF. The IMF is not a country and does not have a trade deficit. In theory, the IMF can print SDRs forever and never go broke. The SDRs just go round and round among the IMF members in a closed circuit.

Individuals won’t have SDRs. Only countries will have them in their reserves. These countries have no desire to break the new SDR system, because they’re all in it together. The U.S. is no longer the boss. Instead, you have the “Five Families” consisting of China, Japan, the U.S., Europe and Russia operating through the IMF.

The only losers are the citizens of the IMF member countries — people like you and I — who will suffer local currency inflation. I’m preparing with gold and hard assets, but most people will be caught unaware, like the Greeks who lined up at empty ATMs last August.

This SDR system is so little understood that people won’t know where the inflation is coming from. Elected officials will blame the IMF, but the IMF is unaccountable. That’s the beauty of SDRs — Triffin’s dilemma is solved, debt problems are inflated away and no one is accountable.

That’s the global elite plan in a nutshell.

We never take our eye off the IMF and its plans to expand the use of SDRs. The IMF included the Chinese yuan in the SDR basket late last year to make sure the Chinese are “on the bus” when the endgame begins. That’s an important step in the SDR process.

This story has longer to run, but the endgame is already in sight. Stay tuned…

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