Daily Digest

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Daily Digest 7/9 - A Story Of Debt, Is America Falling Apart or Finally Waking Up?

Saturday, July 9, 2016, 11:40 AM

Economy

Crazy - A Story of Debt, by Grant Williams (Adam)

This is a story about debt – 2008 was the crystallization of that, the years since have been the denial of it, and the years to come will be the resolution. Grant Williams, founder & publisher of the ‘Things That Make You Go Hmmm...’ research service, and co-founder of Real Vision TV, brings us an eye-opening presentation titled Crazy, where he puts into perspective the extraordinary levels of global debt and unprecedented monetary policy, and reminds us that the many factors that led to the ‘08 crisis are still very much present.

Dallas Quiet After Police Shooting, but Protests Flare Elsewhere (jdargis)

A large part of the downtown here remained closed on Saturday as investigators began a second day of piecing together the details of a sniper attack that left five police officers dead and nine more people wounded. The investigation, in which officials have conducted more than 200 interviews already, came as other cities faced protests overnight about police practices.

Is America Falling Apart or Finally Waking Up? (jdargis)

It was in Dallas that a peaceful, almost celebratory demonstration—involving religious groups, police officers, and ordinary people—turned into a nightmare, as a sniper (or maybe snipers) took aim at police, killing five officers in a shootout and standoff that lasted into the night. Police eventually killed the suspect—25-year-old Micah X. Johnson—using an explosive delivered by robot. Three others are in custody; their connections to the shooting aren’t known. Thus far, authorities have not found any evidence to tie Johnson, an Army veteran, to the Black Lives Matter movement or any political groups. According to Dallas Police Chief David Brown, Johnson “wanted to kill white people, especially white officers.”

Navigating the Dangers of a Corrupt Wall Street (Tiffany D.)

A prime example is what happened in 2008 during the financial crisis, when corrupt bankers and crooked Wall Streeters nearly destroyed the economy to line their pockets. And sadly, nothing has truly changed today. Corrupt bankers and crooked Wall Streeters still rule finance and money today…

Zika-Infected Person Dies in Utah (jdargis)

While the individual contracted the virus elsewhere, there is limited risk that Zika will spread in the area. Salt Lake City is home to neither of the two mosquito species—A. aegypti and A. albopictus—that are known to transmit the Zika virus to humans. Though this is the first Zika-related death in the continental United States, the fact that the individual contracted it while traveling shows confirms that there is little reason to believe that Zika is spreading farther or faster than scientists originally predicted the disease might spread.

New Challengers for Lithium-Ion Batteries About To Enter The Market (Josh O.)

Navigant forecasts that demand for these cutting-edge batteries will increase in the medium term, pulling up annual energy capacity to 30.2 MWh in 2019 and further to 6.5 GWh in 2025. In 2015, sales of lithium-ion batteries for EV alone totaled 11.45 GWh, with Panasonic topping the list of producers. This compared with 6.58 GWh in 3014.

Where will the green slime go? Florida tracks its spreading algae (Michael W.)

The epicenter of slime remains the waterways branching from the St. Lucie River near Stuart, a rich estuary contaminated by a steady flow of foul, nutrient-laden water from Lake Okeechobee. Marinas, waterfront homes and even Atlantic beaches near the St. Lucie Inlet have been hit by waves of rank goo. A handful of samples from the area taken by the Florida Department of Environmental Protection also have contained concentrations of toxic algae that pose public health risks.

Now, scientists and the state are keeping an eye on a few other potentially vulnerable areas. At the top of the list: the Caloosahatchee River, which serves as the western relief valve for excess water from Lake Okeechobee. State samples already have shown isolated blooms but any dry spells combined with summer heat potentially could mean more green muck for the southwest coast in coming months.

New research explains why Antarctic sea ice has grown (jdargis)

Climate models project a big decline in Arctic sea ice, with the end of summer becoming essentially sea-ice-free within a few decades at the current rate of warming. But in Antarctica, the models project smaller long-term declines.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/8/16

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."

9 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Virtue Signaling

There is a lot of virtue signaling going on.

Virtue signaling stifles  debate..

Time2help's picture
Time2help
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Posts: 2830
Trees and Guns

66 Million Dead Trees In California Increases Wildfire Risk (Care2)

Driving through eastern Oregon this week observed large areas of tree die off. This is occuring all up and down the west coast mountain regions at lower elevations. Washington State is looking a lot less green this year.

A different tack...

Don't kid yourself. Gun control means guns. Guns for TPTB and not for you.

 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2830
For the children?

Courtesy Disney's "Gravity Falls".

 

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 570
Old News Saturday - Where will the slime go?

Do we really need to be reminded? Pride before disaster, arrogance before a fall - Proverbs 16:18

Follow the money, eh, Hillary? How about a few more troops in Latvia? 

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Not good - we depend upon them for survival

"a global index for invertebrate abundance that showed a 45 percent decline over the last four decades. 

...out of 3,623 terrestrial invertebrate species on the International Union for Conservation of Nature [IUCN] Red List, 42 percent are classified as threatened with extinction. "

http://e360.yale.edu/feature/insect_numbers_declining_why_it_matters/3012/

Mark Cochrane's picture
Mark Cochrane
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Posts: 1222
Abenomics and war?

I find this interesting though not necessarily surprising...

Japan exit polls suggest boost for PM Abe in senate election

Japanese Prime Minister Shinzo Abe is likely to increase his majority in the upper house of parliament after elections, exit polls suggest.

His coalition is expected to win most of the 121 seats in dispute.

Mr Abe is hoping for backing for his economic policies, known as Abenomics.

If he can achieve a two-thirds majority in the upper house to match that in the lower house, he could also hold a referendum on constitutional change, easing constraints on military action.

Economic 'reform' and expanded war powers is an interesting combination. Given decades of flailing and failing economically, the desire for so-called Abenomics to work is understandable.

Mr Abe has based his election campaign on his economic policies, although he admits himself that his Abenomics, aimed at ending debilitating deflation, are only "half done".

However, given the downward spiral that has seemingly accelerated even further since Abe tried his hand at NIRP, one wonders what shape the country will be in once the other 'half' of his plans are done?

It was EU bureaucrat  Jeane-Claude Juncker who stated the outrageous but obvious political truth " When is becomes serious, you have to lie" but I'd say that when it becomes an obvious failure you need to go to war to distract the masses with a scapegoat that can unite them behind the failed regime.

The BBC's Stephen Evans, in Tokyo, says Mr Abe has fought his campaign on his economic record, but the sub-text of the election has been the power to amend the constitution.

Mr Abe is thought to want to change Article 9, the so-called pacifism clause which forbids Japan from fighting wars abroad. It was imposed by the US after Japan was on the losing side in World War Two, 70 years ago.

Some in Japan view the constraint as unfair, our correspondent says, and the rise of China has reinforced the view on the right that the clause should go.

Why would a country with a failing economy, an aging demographic, and an iron clad security guarantee from the 'World's only remaining superpower' suddenly need the right to make war in foreign lands?

In a world of shrinking economic pies and increasingly scarce natural resources it would seem that war will become the policy of choice for many countries in the future. 'Pre-emptive' wars by the U.S. have worked so incredibly well so far, haven't they?

pinecarr's picture
pinecarr
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Joined: Apr 13 2008
Posts: 2244
Disturbing article, Tall

I know any personal observations I might have are just anecdotal evidence.  But, FWIW, having grown up and lived in the same rural area for decades, I can see the decline in honeybees and butterflies.  It used to be when you walked through clover in your yard, or out in the fields, it would be full of honeybees.  The sound of honeybees is a such an ingrained memory, that it's an unconscious expectation when I'm outdoors walking in fields or near flowers.  But that's absent, and the absence is noticeable.  When I see honeybees now, I do notice them, because seeing them is so much less of a common thing.  Same for butterflies.  I saw a butterfly that looks like a yellow monarch butterfly (not sure what it actually is) yesterday, and I actually stopped what I was doing just to watch it, and enjoy seeing it.  AND kept my dog from chasing it and grabbing it out of the air!

Funny thing, we seem to still have plenty of fireflies at night.  Or maybe they just have such large numbers to begin with, that a reduction would be less obvious, I don't know.

But yeah, having that big of a decline in a part of the web of life is very disturbing, and scares the crap out of me  when I think about the world we're leaving our kids.

Quercus bicolor's picture
Quercus bicolor
Status: Gold Member (Offline)
Joined: Mar 19 2008
Posts: 470
insects

Three good things I've noticed:

  1. The hollow white pine just into the woods behind the chicken yard is humming with honey bees again this year.
  2. My yard, and the nearby woods and thickets are full of fireflies at night to the point that I'll see dozens flash in a couple of seconds in my field of view.  My neighbors somewhat more lawny and less "wild" yards have fewer.
  3. My specialized pollinator plants like mountain mint have bin buzzing with a dozen or so species of bees, wasps, beetles and flies in late summer and autumn.

My 7 nearest neighbors and I (with perhaps 15-20 acres between us as well as the state-managed wetland that is behind our properties (swamp forest, shrubby wetland, cattail swamp) are pesticide free.  Maybe that and the areas that are wild and my permaculture plantings are behind it?

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
Encouraging

That's encouraging, Quercus bicolor.  Maybe the large pesticide-free zone is the ticket.  I've never thought of it, but even though I don't use pesticides, we have farmers with big corn fields nearby...do they spray them with pesticides?  Is that impacting the insect population nearby?  I don't know, but now I wonder.

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