Daily Digest

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Daily Digest 5/3 - Food Theft 'Not A Crime' If Hungry, Glacier Dominoes Fall

Tuesday, May 3, 2016, 10:15 AM

Economy

Myth of China As Exporter Turned Domestic Consumer (Chris H.)

China's central bank, the PBoC, has been pushing rates down since the Chinese population growth peaked and began decelerating (just like the majority of the developed nations central banks). In China, the adult consumer population growth peaked in 1989 and rates peaked in the early '90's and have been declining since (chart below) to incent a slowing rate of population growth to consume more (above the level wages and savings could support).

Debt: The Key Factor Connecting Energy and the Economy (reflector)

The reason debt is needed is because while energy products can indeed produce a large “energy profit,” this energy profit is spread over many years in the future. In order to actually be able to obtain the benefit of this energy profit in a timeframe where the economy can use it, the financial system needs to bring forward some or all of the energy profit to an earlier timeframe. It is only when businesses can do this, that they have money to pay workers. This time shifting also allows businesses to earn a financial profit themselves. Governments indirectly benefit as well, because they can then tax the higher wages of workers and businesses, so that governmental services can be provided, including paved roads and good schools.

Patrick Henningsen Exposes the Human Rights–Industrial Complex (reflector)

Patrick Henningsen of 21st Century Wire joins us today to discuss his recent article on “Smart Power & The Human Rights Industrial Complex.” Topics discussed include the NGO/State Dept/Pentagon/NATO nexus, the use of human rights as a perception management tool to demonise NATO enemies, and the complicity of the media in reporting these stories uncritically.

When the Truth is Found to be Lies, Confidence in Currency Dies (GE Christenson)

“Let me lay to rest the bugaboo of what is called devaluation… But if you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today. The effect of this action, in other words, will be to stabilize the dollar.”

Critical Life Lessons to Avoid Getting Conned (Tiffany D.)

Learn how to do things for yourself: I didn’t start having my cars serviced by a mechanic until I was well into my 30s. Before then, I taught myself to do pretty much everything, up to and including suspension work. I’ll never forget stripping a junked 1967 Ford Econoline van looking for a brake rotor. I did the same thing with musical instruments, electronics and computers. You don’t have to do everything yourself, but at least learn the basics so you can tell when someone is proposing to rip you off for repairs.

Italian court rules food theft 'not a crime' if hungry (LesPhelps)

In times of economic hardship, the court of cassation's judgement "reminds everyone that in a civilised country not even the worst of men should starve".

An opinion piece in Corriere Della Sera says statistics suggest 615 people are added to the ranks of the poor in Italy every day - it was "unthinkable that the law should not take note of reality".

Oil Prices Edge Lower As OPEC Nears Record Output (Josh O.)

Currency movements continue to push and prod crude prices around. While the euro rallies above 1.15 for the first time since last August, it is joined in strength by the yen. Hence, the U.S. dollar index is weakening again – not surprisingly to the lowest since last August. The weaker dollar continues to backstop crude prices from a more severe sell-off.

Dominoes fall: Vanishing Arctic ice shifts jet stream, which melts Greenland glaciers (Tall)

A team of researchers led by the University of Sheffield’s Edward Hanna used a global meteorological dataset relying on historical records to measure the frequency and strength of high pressure systems over Greenland all the way back to the year 1851. Previous analyses had only extended the record back to 1948, so the new study is able to place recent blocking events in a much larger historical context.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/22/16

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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Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Silverton Colorado and water pollution

Acid mine drainage may be the perfect pollutant. It kills fish, it kills bugs, and it lasts forever. And you don’t need a factory, lab or fancy chemicals to create it. All you have to do is dig a hole in the ground.

The hole — assuming it’s in a mineralized area — will expose iron sulfide, aka pyrite, to groundwater and oxygen. And when these collide, a series of atom-swapping reactions ensues. Oxygen “rusts” the iron in the pyrite, yielding orange iron oxides. And hydrogen, sulfur and oxygen atoms bond to create sulfuric acid, which dissolves zinc, cadmium, lead, copper, aluminum, arsenic and other metals. Naturally occurring, acid-loving microbes then feast on the metals, vastly accelerating the whole process. The acids in this bisque can devour iron pipes, and the toxic metals render streams uninhabitable, sickening fish for miles downstream. Once the process is catalyzed, it’s almost impossible to stop. A Copper Age mine in southern Spain, abandoned four millennia ago, pollutes the aptly named Rio Tinto to this day.

http://www.hcn.org/issues/48.7/silvertons-gold-king-reckoning

Tall's picture
Tall
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Posts: 564
Resettling the First American ‘Climate Refugees’
In January, the Department of Housing and Urban Development announced  grants totaling $1 billion in 13 states to help communities adapt to climate change, by building stronger levees, dams and drainage systems.
 
One of those grants, $48 million for Isle de Jean Charles, (Louisiana), is something new: the first allocation of federal tax dollars to move an entire community struggling with the impacts of climate change.
 
The divisions the effort has exposed and the logistical and moral dilemmas it has presented point up in microcosm the massive problems the world could face in the coming decades as it confronts a new category of displaced people who have become known as climate refugees.
 
http://www.nytimes.com/2016/05/03/us/resettling-the-first-american-climate-refugees.html?_r=0
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saxplayer00o1
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China warns economic analysts to stop being so pessimistic

China warns economic analysts to stop being so pessimistic

 

As more citizens try to take money out of the country, officials say, regulators and censors are trying to foster an environment of what party officials have dubbed “zhengnengliang,” or “positive energy.”in-art-countdown-icon-128x128x3s.gif?d=1462343568242688777.2212243786

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LesPhelps
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Posts: 728
Italian court rules food theft 'not a crime' if hungry

I realize judges are smart people and wear nifty robes and all, but there are a few issues regarding this ruling that weren't addressed in the decision, or at least the news story about the decision.

What if one hungry person steals food from another hungrier person?  What if enough hungry people steal from a business that it closes it's door and the employees are added to the hungry person roster?  

What if hungry people take food from a garden that is the sole food supply for a family?

All hungry people are not the same.  What if the hungry person is hungry and unemployed because of untreated alcoholism as are many of the homeless in the US?

What if the hungry person is an "undocumented alien," who migrated because their country of origin became overpopulated?  Is it the "right" thing to do to allow the overpopulation to travel at will possibly overpopulating more of the world and adding significantly to the number of hungry people world wide?

When humanity achieves the world wide famine we are so hell bent on achieving, is a person who works hard to maintain an adequate personal or family food supply going to be required to share it with anyone roaming through the area?

Margaret Thatcher once shared, "the problem with socialism is that you eventually run out of other people's money."  

 

MarkM's picture
MarkM
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Posts: 837
LesPhelps wrote: I realize
LesPhelps wrote:

I realize judges are smart people and wear nifty robes and all, but there are a few issues regarding this ruling that weren't addressed in the decision, or at least the news story about the decision.

What if one hungry person steals food from another hungrier person?  What if enough hungry people steal from a business that it closes it's door and the employees are added to the hungry person roster?  

What if hungry people take food from a garden that is the sole food supply for a family?

All hungry people are not the same.  What if the hungry person is hungry and unemployed because of untreated alcoholism as are many of the homeless in the US?

What if the hungry person is an "undocumented alien," who migrated because their country of origin became overpopulated?  Is it the "right" thing to do to allow the overpopulation to travel at will possibly overpopulating more of the world and adding significantly to the number of hungry people world wide?

When humanity achieves the world wide famine we are so hell bent on achieving, is a person who works hard to maintain an adequate personal or family food supply going to be required to share it with anyone roaming through the area?

Margaret Thatcher once shared, "the problem with socialism is that you eventually run out of other people's money."  

 

Saw this today and my first thought was, "Is stealing money not a crime if I am broke?" Oh wait, that is what the government middleman is for.

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