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Daily Digest 6/23 - Pound Rallies As 'Remain' Vote Expected, The Last-Minute Race for Gold

Thursday, June 23, 2016, 10:17 AM

Economy

"I Don't Need A War In The Black Sea" - Another NATO Member Folds As Bulgaria Refuses To Join Naval Task Force (Ivo M.)

"We're going to be there," Mabus said of the Black Sea. "We're going to deter. That's the main reason we're there -- to deter potential aggression." Mabus spoke days after Russia criticized NATO discussions about a creating a permanent force in the Black Sea. The NATO summit is set to tale place as relations between Russia and the alliance are severely strained over Moscow's role in the Ukraine crisis and in Syria. While Russia says it poses no threat to alliance, NATO is considering what to do to counter what it sees as growing Russian aggression.

Pound and FTSE 100 rally as City expects remain vote (jdargis)

The mood was echoed on stock markets, where the FTSE 100 index hit a two-month high. The index of leading shares was up 1.5% at 6357 in mid-morning trading, buoyed by mining shares as copper prices rose. There were also gains for other bourses around Europe with Germany and France’s main share indices up almost 2%.

TARP: A Love Story (jdargis)

It was the extreme example of a rigged system. Truck driver: “It wasn’t the needle that broke the camel’s back. It was the anvil that broke it.”

I also saw first hand why it resonated so badly with them. They were right, the system was rigged. At every level.

There really were two Americas. Two opportunity sets. Two education systems. Two legal systems. Two sets of rules.

The Last-Minute Race for Gold (Tiffany D.)

BullionVault also reported that demand in May spiked, with its Gold Investor Index reaching 55.8 — the highest level since April 2013. The index tracks balances of private investors starting or growing holdings compared against those who cut or sold holdings. Readings greater than 50 indicate there are more people adding gold to their accounts than individuals removing gold from their accounts.

How Obama's Gun-Control Push Inverted the Politics of the No-Fly List (jdargis)

Republicans reject that argument. “These are everyday Americans that have nothing to do with terrorism, they wind up on the no-fly list, there’s no due process or any way to get your name removed from it in a timely fashion, and now they’re having their Second Amendment rights being impeded upon,” Senator Marco Rubio, a top Republican presidential candidate, said on Sunday.

How Prison Labor is the New American Slavery and Most of Us Unknowingly Support it (jdargis)

With 5 percent of the world’s population and 25 percent of the world’s prison population, the United States has the largest incarcerated population in the world. No other society in history has imprisoned more of its own citizens. There are half a million more prisoners in the U.S. than in China, which has five times our population. Approximately 1 in 100 adults in America were incarcerated in 2014. Out of an adult population of 245 million that year, there were 2.4 million people in prison, jail or some form of detention center.

The Oil Glut Is Over, Says World’s Most Powerful Oil Man (Josh O.)

"The question now is how fast you will work off the global inventory overhang. That will remain to put a cap on the rate at which oil prices recover. We just have to wait for the second half of the year and next year to see how that works out," the Minister told the Houston Chronicle.

Al-Falih also noted on the Saudi Aramco website that due to the Saudi kingdom’s “strategic importance” it will “be expected to balance supply and demand once market conditions recover.”

Florida gives FPL 10 years to clean up cooling canals (Michael W.)

In a 25-page order issued Monday, the Florida Department of Environmental Protection spelled out a plan that requires the utility to begin freshening and improving the efficiency of the 5,900-acre loop of canals used to cool two nuclear reactors at the plant. The plan also requires FPL to install a network of extraction wells to halt and ultimately shrink the plume, which has migrated more than five miles inland over the decades.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/22/16

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."

17 Comments

saxplayer00o1's picture
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Brexit Referendum Live Updates

Brexit Referendum Live Updates

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4th Amendment doesn't apply to your computer: Federal court

Wow!! Just wow!

https://www.eff.org/deeplinks/2016/06/federal-court-fourth-amendment-does-not-protect-your-home-computer

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Bombing for the rights of women and democracy

Neoliberalism and The Globalization of War. America’s Hegemonic Project

Prof Michel Chossudovsky

This published piece was discussed in an issue the video report, The Corbett Report where Chossudovsky was interviewed about the provocation of Russia with the Anaconda-16 war games being conducted on Russia's border in Poland this week.

He laid out his understanding of the mechanism by which the AngloAmerican Global Hegemony grows itself.

Intro

America’s hegemonic project is to destabilize and destroy countries through acts of war, covert operations in support of terrorist organizations, regime change and economic warfare. The latter includes the imposition of deadly macro-economic reforms on indebted countries as well the manipulation of financial markets, the engineered  collapse of national currencies, the privatization of State property, the imposition of economic sanctions, the triggering of inflation and black markets.

The economic dimensions of  this military agenda must be clearly understood. War and Globalization are intimately related. These military and intelligence operations are implemented alongside a process of economic and political destabilization targeting specific countries in all major regions of World.

One particularly poignant section was on the corporate media which he describes as the propaganda arm of the New World Order.

Media Propaganda

The corporate  media, which constitutes the propaganda arm of the New World Order, has a long history whereby intelligence ops oversee the news chain. In turn, the corporate media serves the useful purpose of obfuscating war crimes, of presenting a humanitarian narrative which upholds the legitimacy of politicians in high office.

Acts of war and economic destabilization are granted legitimacy. War is presented as a peace-keeping undertaking.

Both the global economy as well as the political fabric of Western capitalism have become criminalized. The judicial apparatus at a national level as well the various international human rights tribunals and criminal courts serve the useful function of upholding the legitimacy of US-NATO led wars and human rights violations.

-----------------------

This is reminiscent of the chapter on generating public support for the invasion in Iraq as explained in The Transparent Cabal:  Neoconservative Agenda, War in the Middle East and the National Interests of Israel (p 329).

Establishment liberal support for the war against Iraq was crucial because of power of the liberal elite media — especially the New York Times and the Washington Post. As historian Robert Blecher writes: “given the lukewarm popular support for the war in Iraq, the march to war could not have succeeded without the assistance of Establishment academics and journalists such as Fouad Ajami and Thomas Friedman, ...[who] firmly believed that the Iraq war was both a humanitarian intervention and an important front in the ‘war on terrorism,’ even if they made no secret of their distrust of the Administration waging it.”29  Many war liberals accepted humanitarian idealism as a rationale for the war — the battle for democracy, women’s rights, and so forth. Tom Friedman, the noted New York Times columnist, proclaimed in November 2003 that “this war is the most important liberal, revolutionary U.S. democracy-building project since the Marshall Plan. The primary focus of U.S. forces in Iraq today is erecting a decent, legitimate, tolerant, pluralistic representative government from the ground up.”  While acknowledging the great difficulty of this endeavor, he proclaimed that “it is one of the noblest things this country has ever attempted abroad and it is a moral and strategic imperative that we give it our best shot.”

Spreading democracy and the defending the rights of women with incendiaries.

 

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London stock exchange futures are diving

Use my link from post #1 for more updates.

 

UPDATE: 9:25 p.m. EDT – London stock exchange futures are diving as investors bet on a lower open on Friday following Thursday's referendum on Britain's EU membership. The FTSE 100 Futures dropped nearly 6 percent shortly after 9 p.m. EDT as investors wager that the “leave” camp will prevail, creating tumult in global markets early Friday.

U.S. stock futures were also tipping into the red, with Dow futures plunging 130 points, suggesting a lower open Friday in U.S. markets. Asian stocks opened lower on the last trading session of the week. Tokyo’s Nikkei 225 was down 1.6 percent while Hong Kong’s Hang Seng shed 1.8 percent. 

The British pound dropped to $1.40 against the U.S. dollar, losing a dime since Brexit polls closed at 10 p.m. London time. The Japnese yen, a safe-haven currency, recovered form earlier losses, which put downward pressure on Japanese stocks.

UPDATE: 9:17 p.m. EDT — The big wagering house Ladbrokes is now tilting toward a Brexit result:

UPDATE: 9:06 p.m. EDT — More indications of a shocking upset victory for the "leave" camp. The Telegraph blog reports:

A third forecast from the experts at the University of East Anglia - predicting a win for Leave.

Predicted probability of Britain Remaining: 0.32

Predicted vote share for Remain: 48.9 percent.

(90 percent prediction interval: 44.5 to 53.3 percent)

==========================

 
 
 
 
 



  1.  

    With taking another leg down, futures are down 5% and down 2%.Some bookies have shifted odds in favor of

 

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thc0655 wrote: Wow!! Just

 

Wow, indeed. However, it is just a continuation of the trend....and, in the end, there will be those that never saw it coming.

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Futures dive bombing

Wow.

You can knock me over with a feather.

Totally unexpected.  Must be paper ballots or something in use over there?  This is not the result the powers that be wanted.

Right now the S%P 500 futures are down by 53 points, or -2.5% which is a big move, and highly volatile with a gigantic gap down met with a furious wall of buying that was then swamped by even more volume to the downside.

People are getting their clocks cleaned here....the volatility traders are rubbing their hands with glee.

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Clinton Associated Unnatural Deaths

Just wanted to post a website that exhaustively catalogs and documents the stunning rate of "suicide" by Clinton associated persons.

http://www.arkancide.com/

("Arkancide" is the term used to refer to committing suicide by 2 shots to the back of ones own head.)

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BREXIT WINS IT!
cmartenson wrote:

Wow.

You can knock me over with a feather.

Totally unexpected.  Must be paper ballots or something in use over there?  This is not the result the powers that be wanted.

http://www.zerohedge.com/news/2016-06-23/nailbiter-continues-here-are-fi...

we think that tptb would want remain to win, but do they?

clearly they know how to rig elections, why did they let this happen?

maybe at the bilderberg that just ended, it was decided that they should just "pull it", and now is the time to send the whole house of cards tumbling down?

interesting days coming.

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It ain't over til TPTB decide its over

I still wouldn't put it past TPTB to adjust the election-results to better suit their desired outcome.  (Unless, as reflector suggests, Brexit  IS their desired outcome). Too jaded.

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Why Vote?
relfector wrote:

we think that tptb would want remain to win, but do they?

clearly they know how to rig elections, why did they let this happen?

maybe at the bilderberg that just ended, it was decided that they should just "pull it", and now is the time to send the whole house of cards tumbling down?

interesting days coming.

reflector,

Sometimes, voting actually works.

Grover

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how?
Grover wrote:

reflector,

Sometimes, voting actually works.

Grover

it only works when participation is voluntary.

otherwise, it's just another system of violence.

to illustrate, suppose you, i, and a friend of mine are the only 3 people left on the planet. my friend and i vote that we should take your sack of potatoes and split them between us. has voting worked?

perhaps you have a different definition of "works", but i don't support mob rule, and i'll never participate in it.

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MarkM wrote: thc0655
MarkM wrote:

 

Wow, indeed. However, it is just a continuation of the trend....and, in the end, there will be those that never saw it coming.

So if a woman is being raped in a locked house, the police must get a warrant to stop the crime?

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Why "NOT" Vote?

reflector,

From reading your writings, I assume that you are a tried and true anarchist. That only works when you have mutual respect with all the other humans you come into contact with. If someone in your group decides that s/he is strong enough or smart enough to subjugate the rest and is willing to do whatever it takes to maintain power, your system fails. This leader may approach you to become part of the ruling group. If you choose not to participate, you'll likely be killed. If you acquiesce, you've become part of the very structure that you so abundantly abhor - mob rule.

Why do you let your fantasy world view control your participation in the real world? Where can you escape that you won't be under some level of government? I suppose that you could sail out to some deserted South Sea Island and live your life out alone as a hermit. I wouldn't enjoy that lifestyle. I'm not good enough to do everything I need. I enjoy interacting with others and building community.

Communities of humans need rules to function. Even anarchy has to have unwritten rules if it is to function. When the system fails to function, the people will abandon it. History is replete with examples.

So, I've asked you before and you've ignored the question. (I'm really curious and would appreciate your insight.) What advantage is there to not voting?

Grover

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A wittier reply
reflector wrote:

to illustrate, suppose you, i, and a friend of mine are the only 3 people left on the planet. my friend and i vote that we should take your sack of potatoes and split them between us. has voting worked?

reflector,

I wish I would have had my wits about me before I responded. I now have the perfect solution. I just won't vote about the fate of the sack of potatoes. That will negate your vote along with your "friend's" vote. Isn't that the real power of NOT voting?

Actually, if there were only 3 of us, we'd be best served to pull together and work as a team to get more potatoes. Potatoes are prolific if planted properly. If you and your friend take the potatoes and just eat them, what will you do when those are gone?

I'd still like to know what you gain from not voting.

Grover

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thanks but no thanks
Grover wrote:
reflector wrote:

to illustrate, suppose you, i, and a friend of mine are the only 3 people left on the planet. my friend and i vote that we should take your sack of potatoes and split them between us. has voting worked?

reflector,

I wish I would have had my wits about me before I responded. I now have the perfect solution. I just won't vote about the fate of the sack of potatoes. That will negate your vote along with your "friend's" vote. Isn't that the real power of NOT voting?

Actually, if there were only 3 of us, we'd be best served to pull together and work as a team to get more potatoes. Potatoes are prolific if planted properly. If you and your friend take the potatoes and just eat them, what will you do when those are gone?

I'd still like to know what you gain from not voting.

Grover

i agree completely, we would be served best by cooperating and growing more potatoes.

however, if 2 out of 3 have voted that your potatoes should be taken away, then by this great and miraculous scam called "democracy", the fruits of your labor are taken away from you against your will. by this method, you are dis-respected as an independent being who has the right to live his life as he sees fit and be left alone unmolested. you are counted as cattle, as the property of the state, not respected as a free and autonomous human being.

democracy is a scam, it is mob rule, it is institutionalized violence, i'll have no part of it, thank you very much.

reflector's picture
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grover,
Grover wrote:

reflector,

From reading your writings, I assume that you are a tried and true anarchist. That only works when you have mutual respect with all the other humans you come into contact with.

that's generally true, life works better on the basis of mutual respect, that's what i prefer.

when you get into schemes of governing and one group of people believes they have the right to force their will on others, that is disrespect, and i will oppose such schemes and not participate in them.

Grover wrote:

If someone in your group decides that s/he is strong enough or smart enough to subjugate the rest and is willing to do whatever it takes to maintain power, your system fails. This leader may approach you to become part of the ruling group. If you choose not to participate, you'll likely be killed. If you acquiesce, you've become part of the very structure that you so abundantly abhor - mob rule.

what do you mean by "your group"? you're engaging in group-think. i don't have a group, i associate with people freely, and they freely with me. as one goes through life, one learns who one can trust, and who is untrustworthy. when someone proves themselves untrustworthy, i break ties with them and move on, and defend myself from them if necessary.

yes, aggressive and violent people do exist in the world. given that fact, why would you want to empower them with your voting? you do understand, don't you, that the most aggressive and most dangerous psychopaths will rise to the highest levels of power in government? trust yourself instead, empower yourself instead.

Grover wrote:

Why do you let your fantasy world view control your participation in the real world?

grover, i actually think that you're the one engaging in a fantasy world view: if i can just get the right candidate elected, if we can just get that new law passed, everything will be hunky-dory.

well, people are waking up to the electoral fraud, the false flag attacks, the war crimes, the financial crimes, and the outright hijacking of their autonomy and right of self determination. we don't need more of the institution of the state that is the very source of this type of violence, we need less of it, we need to get rid of it altogether.

Grover wrote:

Where can you escape that you won't be under some level of government? I suppose that you could sail out to some deserted South Sea Island and live your life out alone as a hermit. I wouldn't enjoy that lifestyle. I'm not good enough to do everything I need. I enjoy interacting with others and building community.

this might be hard for you to accept, but i don't need to "escape" anything. i have my own government just like i have my own religion, i am a nation of 1. i am a free autonomous human being, i will never be "under" any government but my own conscience.

sure, interacting with others is fine, why not?

Grover wrote:

Communities of humans need rules to function. Even anarchy has to have unwritten rules if it is to function. When the system fails to function, the people will abandon it. History is replete with examples.

not sure where you got the idea that with anarchy there can be no rules?

anarchy doesn't mean no rules, it means no rulers. it means true equality. not the equality of george orwell "all are equal but some are more equal than others".

speaking of which, did you catch the chuck rangel quote on zerohedge yesterday:

“Law-abiding citizens just shouldn’t have to carry a gun," said Rangel. But when reminded that he and other members of Congress are protected by armed members of the U.S. Capitol Police, Rangel laughingly insisted, "Well that’s a little different.  I think we deserve - I think we need to be protected down here."

rules are fine and great, i absolutely believe in rules, but participation must be voluntary, not forced on people under threat of violence.

Grover wrote:

So, I've asked you before and you've ignored the question. (I'm really curious and would appreciate your insight.) What advantage is there to not voting?

Grover

i've tried to answer you before as clearly as i can: i'm not willing to participate in a system based on violence and coercion. i suspect you didn't hear it because you just didn't like my answer which is an indictment of your beloved system called democracy, but there it is.

 

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