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Saturday, 27 January

07:50

Happy Landings The Daily Coin

Happy Landings by James Howard Kunstler The blow-off orgy in the stock markets is supposedly Americas consolation prize for what many regard as the electoral bad acid trip of the Trump presidency. Sorry to tell you, its just another hallucination,...

The post Happy Landings appeared first on The Daily Coin.

President Trump's Speech @ Davos b, 2001 The Still Report

- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill Good morning, Im still reporting on: President Trump's Speech @ Davos b, 2001 Synopsis: Trump outlined the progress the U.S. is making on many fronts, especially the economy. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ - Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; https://www.SeaShellDiamondGallery.com - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 https://preparewith.com/Bill.Still - Kangen Water, ionized, alkaline water, website: https://www.TopShelfWater.com Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a cherished sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/FTfa1aSd5XM

07:49

FBI Texts Found. Rogue Agents Finished, 2000 The Still Report

- Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com Good morning, Im still reporting on: FBI Texts Found. Rogue Agents Finished, 2000 Synopsis: Fox News contributor, reporter Sarah Carter says her phone exploded after the claim a group of rogue FBI bosses that 50,000 text messages had gone missing from the FBI. The phone calls were from dozens of FBI agents had had enough. They told Carter in no uncertain terms that this was impossible. The lower echelons of the FBI are now in open revolt against their hierarchy the coup plotters said to be about 12 in the FBI headquarters. Its just a matter of time now, the backbone of this coup has been broken. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ - Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; https://www.SeaShellDiamondGallery.com - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 https://preparewith.com/Bill.Still - Kangen Water, ionized, alkaline water, website: https://www.TopShelfWater.com Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.s...

07:49

Qanon Obama Retains Counsel Pending Memo Release?, 1999 The Still Report

Dr. Corsis story at: https://tinyurl.com/SR1999 - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 Good morning, Im still reporting on: Qanon Obama Retains Counsel Pending Memo Release?, 1999 Synopsis: This week, Jerome Corsi put out his interpretation of last Sundays lengthy post by an anonymous poster seen on Twitter as QAnon. No one knows who the mysterious QAnon is, but he or she is thought to be someone with access to the Oval office. The latest seems to be that in light of the pending release to the public of the 4-page summary of the coup activities from the House Intelligence Committee, President Obama, has retained counsel in 9 different nations. The idea is that the release of the memo will be so damaging to Obama that hes moved to a defensive position. Now, we have no idea if this is true. Why are we offering it to our audience, then? Because an analysis by Dr. Jerome Corsi of Sundays cryptic QAnon posts. Here are some of the highlights. Again, we dont know if these are true, but we suspect they are. One thing is for sure - nothing we see is known to be false. One of the first items asks: Will SESSIONS drop the hammer? Once the Nunes memo is released will Attorney General Jeff Sessions become bold enough to really go after the far-left Democrats behind the coup plot? Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ - Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; https://www.SeaShellDiamondGallery.com - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 https://preparewith.com/Bill.Still - Kangen Water, ionized, alkaline water, website: https://www.TopShelfWater.com Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated rad...

07:30

A FUNNY THING HAPPENED IN THE LIBRARY TODAY (Video) The Daily Coin

A FUNNY THING HAPPENED IN THE LIBRARY TODAY Video Jeff J Brown China Rising Today, I was in the library and a Western colleague was reading the Shenzhen Daily newspaper. The school receives 15-20 copies that are available...

The post A FUNNY THING HAPPENED IN THE LIBRARY TODAY (Video) appeared first on The Daily Coin.

07:16

Is My Dog, Molly, Working For Putin?,1998 The Still Report

- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill Good morning, Im still reporting on: Is My Dog, Molly, Working For Putin?,1998 Synopsis: Four days ago, little Beth, my wife, got a disturbing letter from Twitter. As part of our recent work to understand Russian-linked activities on Twitter during the 2016 U.S. presidential election, we identified and suspended a number of accounts that were potentially connected to a propaganda effort by a Russian government-linked organization known as the Internet Research Agency. Consistent with our commitment to transparency, we are emailing you because we have reason to believe that you either followed one of these accounts or retweeted or liked content from these accounts during the election period. This is purely for your own information purposes, and is not related to a security concern for your account. We are sharing this information so that you can learn more about these accounts and the nature of the Russian propaganda effort. You can see examples of content from these suspended accounts on our blog if you're interested. Tucker Carlson talked about this issue as part of the ongoing effort to have the House Intelligence Committee release the 4-page memo to the public: Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ - Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; https://www.SeaShellDiamondGallery.com - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 https://preparewith.com/Bill.Still - Kangen Water, ionized, alkaline water, website: https://www.TopShelfWater.com Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two d...

07:10

Selco: What an Average Day Is REALLY Like When the SHTF The Daily Coin

Selco: What an Average Day Is REALLY Like When the SHTF by Daisy Luther The Organic Prepper Did you ever think about how different your day to day life would be after an SHTF event? The little things we...

The post Selco: What an Average Day Is REALLY Like When the SHTF appeared first on The Daily Coin.

07:02

Report on the Third Year of the Worker Cooperative Business Development Initiative Grassroots Economic Organizing

[T]his report to the New York City Council outlines the worker cooperatives served by the Worker Cooperative Business Development Initiative (WCBDI) in its third year. In this report, we will detail the extensive support this administration has provided to worker cooperatives in New York City.

[full screen]

 

Go to the GEO front page

07:00

Tucker Carlson You Have to Keep Telling Lies to CoverUp Lies 01/25/18 (Video) The Daily Coin

Tucker Carlson You Have to Keep Telling Lies to CoverUp Lies 01/25/18 Video Fox News RussiaGate #ReleaseTheMemo DACA Tom Fitton Judicial Watch Mark Steyn Photo of Obama with Farrakhan Video Source

The post Tucker Carlson You Have to Keep Telling Lies to CoverUp Lies 01/25/18 (Video) appeared first on The Daily Coin.

06:56

The Donalds Davos Delusions David Stockman's Contra Corner

Somehow the Donald managed to say less in 15 minutes at Davos than do even the swamp creatures he abhors. But the pity of it is that the whole thrust of what he did say was dead wrong: America is not back; its fading fastand mostly on account of the Welfare State/Warfare State/Bubble Finance policies Trump inherited. Still, while the Donald has managed []

06:50

Family Preparedness Essentials: Assessing Your Emergency Medicine Supply For the Home The Daily Coin

Family Preparedness Essentials: Assessing Your Emergency Medicine Supply For the Home by Jeremiah Johnson Ready Nutrition ReadyNutrition Guys and Gals, it doesnt take a stretch of the imagination to see that were living in perilous times and on the brink...

The post Family Preparedness Essentials: Assessing Your Emergency Medicine Supply For the Home appeared first on The Daily Coin.

06:30

06:10

Investigative Journalist Sharyl Attkisson: The Main Story Is Not What They Did To Stop Trump, Its Why The Daily Coin

Investigative Journalist Sharyl Attkisson: The Main Story Is Not What They Did To Stop Trump, Its Why by Tim Brown Freedom Outpost In commenting on the current brouhaha about the FISA memo and the violations of law by the...

The post Investigative Journalist Sharyl Attkisson: The Main Story Is Not What They Did To Stop Trump, Its Why appeared first on The Daily Coin.

06:00

2:00PM Water Cooler 1/26/2018 naked capitalism

Today's Water Cooler: CCTPP, NAFTA, Joe Kennedy boomlet, generic polls, Austin Frerick, Keith Ellision, GDP, durable goods, Apple, robot cars

05:50

Professor Laurence Kotlikoff & Chris Waltzek Ph.D. (Podcast) The Daily Coin

Professor Laurence Kotlikoff & Chris Waltzek Ph.D. Podcast Radio GoldSeek Highlights Economist Professor Laurence Kotlikoff, returns with positive insights on the PMs sector noting that investors should consider increasing their PMs stockpile. Additional gold comments include, gold may...

The post Professor Laurence Kotlikoff & Chris Waltzek Ph.D. (Podcast) appeared first on The Daily Coin.

05:30

Apples Cash Hoard Keeps Growing The Big Picture

Three Ideas for How Apple Should Use All That Cash The company is great, yes, but it cant let so much money sit idle. Bloomberg, January 26, 2018     Back in November 2017, I suggested that Apple Inc. should use some of its immense cash stockpile to buy rather than build its video library and streaming

Read More

The post Apples Cash Hoard Keeps Growing appeared first on The Big Picture.

05:30

FBI Texts Found. Rogue Agents Finished (Video) The Daily Coin

FBI Texts Found. Rogue Agents Finished Video Bill Still Fox News contributor, reporter Sarah Carter says her phone exploded after the claim a group of rogue FBI bosses that 50,000 text messages had gone missing from the FBI. The...

The post FBI Texts Found. Rogue Agents Finished (Video) appeared first on The Daily Coin.

05:10

The Genocide Conspiracy Against North Korea: An Open Letter to the International Criminal Court The Daily Coin

The Genocide Conspiracy Against North Korea: An Open Letter to the International Criminal Court Author: Christopher Black  Journal-NEO The American threats against North Korea continue to mount and with them the threat of the genocide of the people of North Korea...

The post The Genocide Conspiracy Against North Korea: An Open Letter to the International Criminal Court appeared first on The Daily Coin.

04:55

The High Cost of Stop-Gap Budget Measures Concord Coalition

The High Cost of Stop-Gap Budget Measures swinn Fri, 01/26/2018 - 12:55

No sooner had Congress approved its fourth budget stop-gap measure in four months than lawmakers began talking about the need for a fifth one in February.

On Wednesday the No. 2 Republican in the Senate, Majority Whip John Cornyn, raised the possibility that we may be talking about March before lawmakers can reach an agreement on spending caps and a final catch-all spending bill for the current fiscal year.

Several more weeks would then be required to write up and pass the necessary legislation. This means Fiscal 2018, which began Oct. 1, could well be half over by the time Congress approves a final spending plan for the year.

In the meantime, Congress will be relying on short-term measures known as continuing resolutions. These are generally described as continuing current funding levels, although lawmakers in both parties have frequently sought and sometimes succeeded in attaching additional provisions.

Final spending plans for the current fiscal year should have been completed in late summer or early fall last year. But in all but four of the last 40 years, according to the Government Accountability Office (GAO), Congress has relied on continuing resolutions.

The habitual use of these short-term spending measures reflects congressional failure on one of lawmakers most fundamental responsibilities. Beyond the embarrassment for lawmakers, however, continuing resolutions are expensive for taxpayers.

Thats because funding is generally continued despite changing needs and priorities. Problems are kicked down the road rather than resolved.

In addition, continuing resolutions make it difficult for federal agencies and departments to plan and operate efficiently. Final decisions often cant be made on contracts, personnel changes and planned programs.

Military officials, for example,...

04:45

Central Banks Put a Safety Net Under Financial Markets Mises Wire

By: Thorsten Polleit
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Most early business cycle indicators suggest that the global economy is pretty much roaring ahead. Production and employment are rising. Firms keep investing and show decent profits. International trade is expanding. Credit is easy to obtain. Stock prices keep moving up to ever higher levels. All seems to be well. Or does it? Unfortunately, the economic upswing shows the devils footprints: central banks have set it in motion with their extremely low, end in some countries even negative, interest rate policy and rampant monetary expansion.

Artificially depressed borrowing costs are fueling a boom. Consumer loans are as cheap as never before, seducing people to increasingly spend beyond their means. Low interest rates push down companies' cost of capital, encouraging additional, and in particular risky investments they would not have entered into under "normal" interest rate conditions. Financially strained borrowers in particular states and banks can refinance their maturing debt load at extremely low interest rates and even take on new debt easily.

By no means less important is the fact that central banks have effectively spread a safety net under financial markets: Investors feel assured that monetary authorities will, in case things turning sour, step in and fend off any crisis. The central banks safety net has lowered investors' risk concern. Investors are willing to lend even to borrowers with relatively poor financial strength. Furthermore, it has suppressed risk premia in credit yields, having lowered firms cost of debt, which encourages them to run up their leverage to increase return on equity.

The boom stands and falls with persisting low interest rates. Higher interest rates make it increasingly difficult for borrowers to service their debt. If borrowers credit quality deteriorates, banks reign in their loan supply, putting even more pressure on struggling debtors. Also, higher interest rates cause asset prices stock and real estate market prices in particular to come down, putting the banking system under massive strain. In fact, higher rates have the potential to turn the boom into bust.

The US Federal Reserve (Fed), at the beginning of the 21st century, hiked interest rates, putting an end to the "New Economy Boom." Stock markets collapsed. As a reaction, the Fed delivered hefty interest rate cuts and triggered an unprecedented credit boom that burst in 2007/2008 and developed into a global economic and financial crisis. Then, the Fed lowered interest rates to record low levels and run th...

04:37

Growth in 2017 TheMoneyIllusion

The 4th quarter GDP numbers were just released.  Here is how Id summarize the data:

Growth from 2016:Q4 to 2017:Q4 = 4.4% nominal and 2.5% real

Growth from 2015:Q4 to 2016:Q4 = 3.4% nominal and 1.8% real

So what do we know about this data?

1.  Monetary policy was more expansionary during 2017.  That might explain both the increase in inflation and the increase in real growth.

2.  My hunch is that monetary policy alone does not fully explain the increase in real growth, just most of it.

3.  The rest of the increase in real growth is due to some combination of faster global growth and policy changes in the US.

Heres my guesstimate.  Of the 0.7% rise in RGDP growth, Id guess 0.4% was monetary stimulus (i.e faster NGDP growth), and 0.2% was global growth, 0.1% was deregulation, and o.1% was expectations of corporate tax cuts.  Yes, that adds up to 0.8%, but I think there was also a 0.1% drag on growth caused by the US approaching full employment.

I think corporate tax cuts will add about 0.2% to 0.3% to RGDP this year.

I dont have high confidence that any of these numbers are precisely right (and the data itself may be revised), but I do think they are in the ballpark.

PS. I have a new post at Econlog pointing out that monetary policy in 2017 was nearly perfect.

PPS.  Hypermind currently forecasts 4.3% NGDP growth from 2018:Q1 to 2019:Q1.  My hunch is that it will come in just below 4%.  Im sticking with my frequently made prediction that this will end up being  the longest expansion in US history.

 

04:31

Tax Design Marginal REVOLUTION

Dutch canal houses are another classic example of how rules and regulations can shape structures. Taxed on their canal frontage rather than height or depth, these buildings grew in tall and thin. In turn, this typology evolved narrower staircases, necessitating exterior hoist systems to move furniture and goods into and out of upper floors.

Thats from an excellent post by Kurt Kohlstedt at 99% Invisible who gives many other examples of taxes having long-lasting effects on the built environment.

Hat tip: Devon Zuegel.

The post Tax Design appeared first on Marginal REVOLUTION.

04:30

Watch: Soros Slams Trump, Predicts Democratic Landslide In 2018, Lashes Out At Facebook, Google The Event Chronicle

By Zero Hedge

With his apparent arch-nemesis President Trump just across town, billionaire globalist investor George Soros is about to sit down for a conversation among the worlds elites in Davos

Here is what Soros said in 2017:

On Trump as president: Trump stands for a form of government that is a dictatorship or mafioso state. He would be a dictator if he could get a way with it.

On Trump and China: Trump will do more to make China look respectable in the eyes of the international community than China could have ever done on its own.

On Trump and markets: Long-term investors dont like uncertainty. I dont think the market will do very well [under Trump].

And Soros begins on a down-note commenting on the bleak state of the world

Soros says that the survival of our whole civilization is at stake, due to the rise of Kim Jong Un in North Korea and Donald Trump in the United States.

They both seem to be willing to risk a nuclear war to keep themselves in power.

Bloomberg headlines:

  • SOROS: OPEN SOCIETIES ENDANGERED IN U.S. AND EUROPE
  • SOROS: U.S. POLICY MOTIVATES N. KOREA TO BECOME NUCLEAR POWER
  • SOROS: U.S. SHOULD ACCEPT N. KOREA AS NUKE POWER, NEGOTIATE
  • SOROS: TRUMP MOVEMENT A TEMPORARY PHENOMENON, TO VANISH BY 2020
  • SOROS: CONSIDERS TRUMP ADMINISTRATION A DANGER TO THE WORLD
  • SOROS: EXPECTS DEMOCRATIC LANDSLIDE IN U.S. IN 2018
  • SOROS: FACEBOOK, GOOGLE ARE OBSTACLES TO INNOVATION
  • SOROS: FACEBOOKS NETWORK EFFECT GROWTH UNSUSTAINABLE
  • SOROS: FACEBOOK WILL RUN OUT OF PEOPLE TO CONVERT IN 3 YEARS
  • SOROS: FACEBOOK, GOOGLE AS NEAR-MONOPOLIES NEED MORE REGULATION
  • SOROS: TECH COS. SERVICE BUNDLE, DISCRIM PRICING BAD FOR ECO
  • SOROS: SOCIAL MEDIA INDUCE CONSUMERS TO GIVE UP AUTONOMY
  • SOROS:...

04:15

Hawaii state employee who sent out a false missile alert is refusing to cooperate with the federal investigation The Event Chronicle

By Hannah Parry

  • FCC said it was disappointed the employee who sent the fake missile alert was not cooperating  
  • Hawaii Emergency Management Agency spokesman Richard Rapoza said the employee also refused to cooperate with the agencys internal investigations
  • The member of staff still works for the agency although in a different department after the alert
  •  Rapoza said the employee felt that because theyd provided a written statement, they felt they didnt need to speak to investigators
  •  We hope that person will reconsider, an FCC official said
  • The alert, issued by accident on January 13, warned people of a missile heading towards Hawaii
  • Took 38 minutes for a second alert to be sent out explaining it was a false alarm 

The Hawaii state employee who mistakenly sent an alert warning of a ballistic missile attack earlier this month is refusing to cooperate with federal and state investigators.

The head of the Federal Communications Commission Public Safety and Homeland Security Bureau told a U.S. Senate hearing the FCC was pleased with the cooperation its received so far from Hawaii Emergency Management Agency leadership.

But Lisa Fowlkes, the Bureau Chief, said the commission was disappointed that the agency employee who transmitted the false alert was refusing to cooperate.

We hope that person will reconsider, she told U.S. Senate commerce committee members.

Hawaii Emergency Management Agency spokesman Richard Rapoza said his agency has encouraged all employees to cooperate with all investigations. But he said this employee also has refused to cooperate with the agencys internal investigations.

Rapoza said he couldnt speak to why the employee wasnt cooperating with federal investigators.

With regard to our internal investigations, he has taken the position that he provided a written statement shortly after the incident, and doesnt need to speak to investigators because he has nothing to add, Rapoza said in an email.

...

04:12

WEP2018 TV: Energy, Money and Technology From the Lens of the Superorganism The Monkey Trap

Nate Hagens discusses how all of our lives will be influenced by how we react to the coming era of harder to extract and more costly fossil fuels that will be combined with cleaner but more stochastic energy types.

04:00

Explosive Allegation: Israel Planned To Blow Up Passenger Plane In Arafat Assassination Plot The Event Chronicle

By Zero Hedge

For years, many had speculated for which they were promptly cast as tinfoil hat conspiracy theorists that when it comes to achieving illegal goals, including but not limited to creating false flag terrorism and political assassinations, few are as skilled and industrious as the CIA and Mossad. Especially Mossad.

Only, as so often happens, most (if not all) such conspiracy theories turn out to be truth, in this case exposed thanks to the work of Israeli investigative journalist Ronen Bergman, whose just published explosive book Rise and Kill First: The secret history of Israels targeted killings details such Israeli plans as the assassination of Palestinian leader Yasser Arafat which included a plot to blow up passenger planes and football stadiums.

Ronen Bergman, the intelligence correspondent for Yediot Aharonot newspaper, persuaded many agents of Mossad, Shin Bet and the military to tell their stories, some using their real names.

The result is the first comprehensive look at Israels use of state-sponsored killings.

An excerpt from the book published in the NYT , details how when former Israeli Prime Minister Ariel Sharon was defense minister, he ordered the Israeli army to shoot down a passenger plane carrying hundreds of innocent people Arafat was thought to be on. Arafat was chairman of the Palestine Liberation Organization at the time. Although the plan was eventually called off, it was allegedly one of a list of plans to to assassinate the Palestinian leader.

Bergman spoke to hundreds of intelligence and defense officials and studied classified documents which have revealed a hidden history, surprising even in the context of Israels already fierce reputation.

I found that since World War II, Israel has used assassination and targeted-killing more than any other country in the West, in many cases en...

03:48

Odds and ends TheMoneyIllusion

1.  In a recent post, I asked people why I should be impressed when people tell me that conservative judges are being appointed.  After all, Id not impressed if someone tells me they know a conservative plumber.  Alex Tabarrok has a couple of recent posts that help to clarify my thoughts on this issue.  Before discussing the posts, let me emphasize that I am not a legal expert.  But that disclaimer cuts both ways.  If Im not even smart enough to understand the issues that Alex raises, how could I possible be expected to have an intelligent (and positive) opinion of conservative judges?

Alex points out that in many states the police are given legal protections that other Americans do not have.  Thus if they are arrested for a crime, they cannot be vigorously interrogated, in the way that an ordinary person is questioned.  On the face of it, that would seem to violate the equal protection clause of the 14th amendment.  Why should some Americans be denied legal rights available to others?

So heres where the conservative judges come in.  How come I never read about conservative judges upholding the Constitution by striking down these violations of the equal protection clause?  Im not saying that conservative judges never make liberal rulings.  In some obvious cases, such as flag-burning, conservatives did uphold the 1st amendment.  (Of course in this period of radical left-wing speech codes, the 1st amendment is being increasingly viewed as a right wing idea, similar to the 2nd amendment.)  But overall, when I read articles about how conservative justices rule, it usually tends to favor policy outcomes that are conservative.

2.  I recently did a post showing how pessimism is intellectually fashionable.  Another good example of this problem is Greeces supposedly unpayable public debt.  Ive always been skeptical of the claim that Greeces debt was unpayable.  To me, it seemed more a question of the Greeks not wanting to repay the debt.  Like a number of other European countries, Greeces government spends over 50% of GDP.  But you can have a perfectly fine Western social welfare state spending far less (say 30% to 40%), as we observe in both rich countries like Australia and Switzerland and poorer countries such as Estonia and Slovakia.  If Greece reduced the non-interest part of its spending down that range, it would be able to divert enough funds to service its debt.

I have not followed events in Greece, but I do notice that yields on Greek debt are now plummeting, to levels suggesting that Gr...

03:45

Alaskan Earthquake Revives HAARP Conspiracy Theories The Event Chronicle

Alaskan Earthquake Revives HAARP Conspiracy Theories

By Brett Tingley

In the early hours of January 23rd, a magnitude 7.9 earthquake struck the Gulf of Alaska, prompting tsunami warnings and sending Alaskans scrambling to reach higher ground. Luckily, no tsunami occurred, and residents returned safely to their homes after a few hours. The earthquake did trigger some strange effects, however, causing well water levels thousands of miles away in Florida to both raise and lower. While this long-distance effect of seismic waves has been documented before, the Alaskan earthquake has also triggered a flurry of conspiracy theory speculation on social media. Due to the earthquakes proximity to the ever-mysterious HAARP installation in Gakona, Alaska, many netizens have taken to wondering if the shadowy research facility might have triggered the earthquake.

Theyre still more plausible than claims that some bearded old man in the sky caused it.

The epicenter of the earthquake was around 170 miles at sea off the coast of Kodiak, Alaska, which itself is around 600 miles away from the HAARP facility in Gakona. Not exactly a stones throw. Still, that didnt stop many tin foil hatters from reaching their own conclusions about the connection between a rather frequent natural phenomenon and a supposed black research site. Right By The #HAARP Facil...

03:42

What is stochastically the best book to read about Canada? Marginal REVOLUTION

Here are reader suggestions, I am aggregating this information, do not think of these as independent recommendations from me:

Canada: A Story of Challenge by J. M. S. Careless

For Canada, read A Fair Country by John Ralston Saul, Clearing the Plains by James William Daschuk, and pretty much any of Pierre Bertons books.

I recommend Right Honourable Men by Michael Bliss for Canada.

Yeah, Vimy is the standard coming of a nation book for Canadians although too oversentimental. The underappreciated element of that book is some weird attempt to recover Hughes tarnished image as a proto-Canadian.

Definitenly recommend it to non-Canadians to get a sense of common denominator Canadian nationalism

I would second A Fair Country but suggest it as part of a field entry with Sauls Louis-Hippolyte-Lafontaine and Robert Baldwin. Though neither works are above criticism, taken together they represent the best attempt available to answer the questions Why, and how is Canada different from the United States (and western Europe).

Sauls work is influenced by Harold Innis, particularly The Fur Trade in Canada (1930). This also remains worthwhile, if you feel robust enough to handle Innis drier-than-the-Sahara prose, and the fact that it is literally a history of the fur trade in Canada.

Canada is a hard one, esp because of the French/English duality theres by definition no single overarching narrative. Theres also no single overarching meta-narrative. But to get the sense of whats up with English Canada, you could do worse than read George Grants Lament for a Nation, particularly the 40th anniversary edition with intro by, er, me. The issue isnt that Grant got it right, its that the ways in which he was wrong, and why he remains so wrong influential, are crucial to understanding the anxieties of English speaking Canada. https://www.amazon.ca/Lament-Nation-Canadian-Nationalism-Anniversary/dp/077353010X/ref=sr_1_1?ie=UTF8&qid=1515422833&sr=8-1&keywords=lament+for+a+nation

For Canada, Id suggest The Patriot Game by Peter Brimelow or Lament for a Nation by George Grant.

Canada The Vertical Mosaic

For Canada, I recommend How to be Canadian or binge watching TSN will suffice. Also check out, trailer park boys and corner gas.

The best book about Canada is The Patriot Game by Peter Brimelow. Though Brimelow is now a mostly fringe figure associated with the alt-right and white nationalism, for many years he was a perfectly respected mainstream Canadian journalist who wrot...

03:30

FBI Mulled Special Counsel For Hillary Email Probe But Feared Her Wrath, New Texts Reveal The Event Chronicle

By Zero Hedge

Newly released text messages between FBI officials Peter Strzok and Lisa Page reveal that the agencys top brass was considering appointing former U.S. Attorney Patrick Fitzgerald as a special counsel in the Hillary Clinton email investigation. 

The idea is pitched in a March, 2016 exchange between Strzok and Page relatively early on in their investigation into Hillary Clintons mishandling of classified information. Of note, Attorney General Loretta Lynch or one of her deputies would have had to make the ultimate decision to appoint a special prosecutor to look into the matter.

Thought of the perfect person [FBI Director James Comey] can bounce this off of? Strzok wrote to Page in a March 18, 2016 text. Pat.You got to give me credit if we go with him.And delay briefing him on until I can get back and do it, Late next week or later.

We talked about him last night, not for this, but how great he is, Page responded.

I could work with him again.And damn wed get sh*t DONE, Strzok wrote.


judiciary.senate.gov

Strzok noted that Fitzgerald was brought in by Comey as a special counsel in the investigation into who leaked the identity of CIA agent Valerie Plame.

Appoint...

03:15

White Hats: Paladin  High Yield Trading & Secret Government Funding The Event Chronicle

Video interview goes live at 4PM (PST) January 26, 2017

Kerry Cassidy talks with PALADIN about the White Hats Report research into sources that fund the deep state/ secret government.  This show will also cover updates on  where the research is leading.

For more info go to:   whitehatsreport.com/

RELATED:

The White Hats Report: CALL TO ACTION
White Hats Report #62: 2018 The Year the American Dream is Restored?
White Hats Report #60 & #61 : A Storm IS Coming
Interview with Paladin: The History of the White Hats

Kerry Cassidy is the CEO/ Founder of Project Camelot. Kerry is a documentary filmmaker/investigative journalist and well known radio talk show host of Project Camelot Whistleblower Radio and Project Camelot TV broadcaster with a weekly live show on Youtube. Her website Project Camelot ( http://projectcamelot.tv aka projectcamelotportal.com ) is a leader in the alternative media sector, with a Youtube channel that has over 57 million unique viewers worldwide and over 185,000 subscribers. Kerry travels the world conducting interviews and documenting the testimony of whistleblowers with above top secret clearances as well as authors, researchers and experiencers covering conspiracies, the secret space program, black projects, ETs, kundalini and ascension and free energy. She speaks at conferences around the world and is considered one of the leaders of the disclosure movement.

This article (White Hats: Paladin  High Yield Trading & Secret Government Funding) was originally published on Project Camelot and syndicated by The Event Chronicle

03:00

The White Nobility Families The Event Chronicle

Ordo Bucintoro

There is a certain positive secret society that had a dramatic impact on destiny of this planet as it has created an energy current that is directly responsible for the exploration of space which will inevitably result in the First Contact.

It was founded in 1510 in Venice by a Venetian doge named Leonardo Loredan, a member of the one of the most important White Nobility families of Venice. At that time he was one of the most spiritually developed people in the West and is now an Ascended being, not to be confused with Paolo Veronese, which is known as the Venetian Master.

This post from Cobra might be of interest too:

http://2012portal.blogspot.se/2014/10/ordo-bucintoro.html

This article (The White Nobility Families) was originally published on Prepare for Change and syndicated by The Event Chronicle

02:46

My Panel at BHC 2018: Adventures in Financial Archives The Past Speaks

AS. Im sharing the details of my panel at the 2018 Business History Conference. The presentation draws on my current papers on open data, research transparency, and their implications for business history and for historically-minded financial institutions. Im looking forward to re-connecting with corporate archivists I know and meeting new professionals in the field.
Presenter and Moderator: Andrew D. Smith, University of Liverpool
Open Data and Business History: Promises and Pitfalls

Discussants:

Niels Viggo Haueter, Head of Corporate History, Swiss Re
Elisa Liberatori Prati, World Bank Group Chief Archivist
Kerri Ann Burke, Citibank Archives
Anne DiFabio and Brigette Kamsler, HSBC Archives

 

P.S. My native Canada will be well-represented at the BHC this year. In addition to a PDW sponsored by the Canadian Business History Association, there will be the following  papers on the programmer that are Canadian by either subject or author.  There of the papers are from Queens University, my undergraduate alma mater, an institution one would not traditionally have associated with business history.

Jeffrey D. Brison, Queens University
The Rockefeller Foundation, the Carnegie Corporation, and the Political Economy of Canadian Culture

Rosanne Currarino, Queens University
New Thinking about Markets in the Gilded Age

Taylor Alexandra Currie, Queens University
I sure dont like this Socialism stuff: Du Ponts HOBSO Program and the American Way at Mid-Century

 

 

 

 

02:45

Everything Is Going to Be Fine ~ NO ~ Everything Will Be Amazingly Unbelievably Fine! The Event Chronicle

Some Clarification and Repetition Re. Cobra Update 16 Jan 2018 and Goldfish Report Interview

By Therese Zumi Sumner

Depending upon at which point you discovered the information from the RM via Cobra you might have different takes reactions to this new update. Older readers will know that there is amazing progress being made with each new update even if we too feel frustration at times. This is the first point in time when a full-scale war is now ongoing between the Forces of Light ~ The Galactic Confederation + The Ashtar Command and the Chimera led forces of darkness in close proximity to this planet. You need to have a basic knowledge of the details of how our solar system and galaxy looks to see the progress. Those of you who have followed this narrative closely will recall the terrible years from 1996 until 2000-2001 when a full-scale war also took place underground unknown to humanity. Without the assistance of our Galactic Family then we simply would not exist now, or if we did, we would all of us exist as real slaves {Yes we are that now too} in total living hell in the so called NWO planned hell on Earth. More recently there has also been full-scale war taking place between the forces of Light and darkness but then it was in our solar system. The entire solar system including our moon is now free of the dark forces and the battle is raging here now in sublunar space. Cobra said in this latest update that;

Operation Mjolnir is in full effect since November 2017. 

In sublunar space, the Light Forces that belong to Galactic Confederation are approaching all members of various dark factions in a no-nonsense manner, giving them an option to accept the Light or else be taken to the Galactic Center for restructuring:

Some readers have questioned the information regarding the underground bases train networks etc. Hearing about this faction called the Illuminati Breakaway Complex (IBC) and its Draconian allies together numbering in the 200,000s, was a lot for some new readers to stomach giving them a feeling that will we ever get there what next? I will attempt to put this into perspective for many confused and frustrated new and older readers. Here is what Cobra tells us; I have darkened some of this info;

The main faction making problems recently is the so-called Illuminati Breakaway Complex (IBC). IBC...

02:33

Daily Digest 1/26 - Good News Friday: Evolution Unleashed, The Proven Health Benefits Of Honey Peak Prosperity

Daily Digest 1/26 - Good News Friday: Evolution Unleashed, The Proven Health Benefits Of Honey
  • Evolution Unleashed
  • Mexico and Hungary tried junk food taxes and they seem to be working
  • Florida voters will be able to restore voting rights to over a million former felons in November
  • Montana Governor Signs Order to Force Net Neutrality
  • Davos: the inventions cutting plastic consumption
  • First Solar Is Using Robots to Better Tap the Sun
  • The Proven Health Benefits Of Honey
  • How Decluttering Saves Me Money, Time, And Stress
  • Wales Is Second Best in the World at Recycling Household Waste

Join the conversation

02:30

The sky in Antarctica looks like something out of a science fiction movie Like an eye in the sky The Event Chronicle

The sky in Antarctica looks like something out of a science fiction movie Like an eye in the sky

02:00

Gold May See a Big Move This Year, Says Frank Holmes Financial Sense

By FS Staff Holmes thinks gold can go to $1,500, and that its a non-event for gold to run another 12 percent this year, he stated. Inflation could be the sleeper factor, Holmes said. Well have interest rates rise to 4 percent, and unless the federal government...

01:55

Big Pharma Greets Hundreds Of Ex-Federal Workers At The Revolving Door naked capitalism

An update on one of the biggest users of DC revolving doors: health care industry executives.

01:08

Roubini on Blockchain and History The Past Speaks

The economist Nouriel Roubini is quite skilled at using historical knowledge to make sense of the present. For many years, historical analogical reasoning has appeared quite frequently in his columns. (Roubini has co-authored with a PhD historian, Stephen Mihm, which shows that he takes history seriously). Roubinis most recent column, which is about blockchain technology, also uses historical analogy to understand whats going on in fintech. Im just not totally convinced he is using the tool of historical analogy well in this particular case.

Roubini writes:

...

01:00

December Existing Home Sales The Big Picture

Below is one of my favorite housing charts, courtesy of Calculated Risk. It gives some people fits, but the explanation is very simple: Home buying follows a very distinct annual cycle, relating to several factors, but mostly the calendar school year (September to June) and the weather. Parents shopping for a new home know it is

Read More

The post December Existing Home Sales appeared first on The Big Picture.

00:38

CFP: JHMO 2018 (Recherche en Histoire du management et des organisations) The Past Speaks

JHMO 2018
Le temps des organisations
Paris, Cit universitaire internationale
22-23 mai 2018

La date limite denvoi de vos propositions pour ldition 2018 des JHMO est repousse au 15 fvrier prochain. 

Ce colloque doit permettre de sinterroger sur les diffrentes temporalits des organisations, de les croiser et de prciser le poids du pass, de trouver des marqueurs dans la faon dont elles abordent le prsent et se projettent dans lavenir.  Trois axes majeurs susciteront une approche critique : les usages du pass, les sources du pass et les limites de lhistoire des organisations. Toutes les communications qui adoptent un regard critique sur la temporalit des organisations en la reliant au pass sont bienvenues (comptabilit, management, stratgie, management public, marketing, communication financire etc.)

Pr-programme : La confrence douverture sera prononce par lhistorien suisse Laurent Tissot : spcialiste de lindustrie horlogre, il nous fera partager son regard sur le temps et son histoire. Exceptionnellement, le repas de gala du mardi soir sera remplac par une soire cinma avec la projection du documentaire Lip, limaginaire au pouvoir suivie dun dbat avec son ralisateur de Christian Rouault.  Enfin, le mercredi matin deux ateliers mthodologiques parallles seront consacrs respectivement au traitement de larchive comptable (autour deYannick Lemarchand) et aux archives orales (autour de Florence Descamps).

Main Conference Events : The first key note address will be delivered by Laurent Tissot, Professor of contemporary history in Switzerland, whose main research interests are concerned with the history o...

00:16

10 Friday AM Reads The Big Picture

My end of week morning train reads:  Sir Isaac Newton: Scientific Genius, Investing Fool (Moneybeat)  The Argument for Ditching the 401(k) and Starting Over (Bloomberg View)  Everyones a Buy and Hold Investor Now. But Can You Stay That Way? (Wall Street Journal)   The tricks propagandists use to beat science (MIT Technology Review)  Youre Ordering Wine Wrong: star sommelier Robert Bohr

Read More

The post 10 Friday AM Reads appeared first on The Big Picture.

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23:00

2018 Looks To Be Another Good Year for Weapons Makers Mises Wire

By: William D. Hartung
boeing.PNG

As Donald Trump might put it, major weapons contractors like Boeing, Raytheon, and Lockheed Martin cashed in bigly in his first year in office. They raked in tens of billions of dollars in Pentagon contracts, while posting sharp stock price increases and healthy profits driven by the continuation and expansion of Washingtons post-9/11 wars. But last years bonanza is likely to be no more than a down payment on even better days to come for the military-industrial complex.

President Trump moved boldly in his first budget, seeking an additional $54 billion in Pentagon funding for fiscal year 2018. That figure, by the way, equals the entire military budgets of allies like Germany, France, the United Kingdom, and Japan. Then, in a bipartisan stampede, Congress egged on Trump to go even higher, putting forward a defense authorization bill that would raise the Pentagons budget by an astonishing $85 billion. (And dont forget that, last spring, the president and Congress had already tacked an extra $15 billion onto the 2017 Pentagon budget.)  The authorization bill for 2018 is essentially just a suggestion, however the final figure for this year will be determined later this month, if Congress can come to an agreement on how to boost the caps on domestic and defense spending imposed by the Budget Control Act of 2011. The final number is likely to go far higher than the staggering figure Trump requested last spring.

And thats only the beginning of the good news for the big weapons companies. Industry of...

22:09

Debt Rattle January 26 2018 The Automatic Earth

Horacio Coppola Avenida Daz Vlez al 4800, Buenos Aires 1952   Mario Draghi Slaps Down Steve Mnuchin Over Dollar Comments (Ind.) Mueller Almost Done With Obstruction Part of Trump Probe (BBG) Trump Denies Trying To Fire Mueller (BBC) Flying Blind, Part 2: The Destruction Of Honest Price Discovery (Stockman) China

The post Debt Rattle January 26 2018 appeared first on The Automatic Earth.

22:05

Koreas Booming, Except Its Not David Stockman's Contra Corner

That fact was reinforced by GDP statistics released yesterday. For the first time since 2008, South Korean real GDP shrank quarter-over-quarter. Exports fell by a stunning 5.5%, the largest quarterly decline in three decades. Construction spending also fell, really putting a dent in those October projections.   http://davidstockmanscontracorner.com/?p=174889&preview_id=174889&preview_nonce=b1afe1acc7&preview=true

21:50

Trump signals may reconsider TPP for better deal The BRICS Post

But that ship has sailed, remaining TPP members may tell Trump in Davos

The TPP has not been popular among many Republicans and some sectors of the US workforce, giving Trump the ammunition to proceed with withdrawal. People attend a rally protesting the Trans-Pacific Partnership (TPP) in Maui, Hawaii, the United States, July 29, 2015 [Xinhua]


US President Donald Trump has told US news network CNBC that he could rethink his withdrawal from the Trans-Pacific Partnership if the member nations could offer the US a better deal.

During his interview at the World Economic Forum in Davos, and ahead of his speech to the participants on Friday, Trump revealed that he believed the TPP was structured to Americas disadvantage.

In one of his first executive orders after being sworn in as President, Trump ordered the withdrawal from the TPP, which has been a cornerstone of Barack Obamas policy to counter Chinas growing global influence.

Calling the TPP unfair and damaging to US economic prospects, Trump signaled in November 2016 immediately after his election win that he would negotiate bilateral trade treaties with different countries in order to bring jobs back to the US.

Since then, countries which had signed on to the TPP in 2016, such as Australia, Brunei, Vietnam, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, Chile and Japan signaled that they will try and keep it functional and/or modify it into something similar.

Australian Prime Minister Malcolm Turnbull had previously told journalists that there is also an opportunity for China to join the TPP.

Currently, the remaining members are expected to sign a new deal over the next few weeks.

The BRICS Post with inputs from Agencies

21:19

China protests Japans claims over islands The BRICS Post

China reclaimed a number of islands in the South and East China seas from Japanese domination during World War II [Xinhua]


China has dismissed a Japanese government exhibit which showcases Tokyos claims to the Diaoyu Islands in the East China Sea.

Chinese Foreign Ministry Spokesperson Hua Chunying on Friday told reporters at a regular press briefing that the islands are Chinese regardless of Japans protests.

Diaoyu Island and its affiliated isles are Chinas inherent territories, and Chinas sovereignty over the Diaoyu Islands has a solid historical and legal basis, Hua said.

Tensions between the two countries have flared from time to time with each side accusing the other of flying military aircraft too close to its own jets in a long-running territorial dispute over a cluster of islets in the East China Sea, known in China as Diaoyu and in Japan as Senkaku, which has left ties between the two nations strained.

At the end of Chinas war against Japanese aggression and World War II, China had recovered the islands that had been occupied by Japan during the war.

Beijing and Tokyo have seen brief periods of deterioration in bilateral ties before and usually found a way to settle if not resolve differences.

Last week, Japanese Prime Minister Shinzo Abe used his opening speech at the start of Parliaments regular session to call for closer ties with China.

He said he wants to work with China to boost infrastructure development in Asia, and refereed to Beijings One Belt, One Road initiative.

The BRICS Post with inputs from Agencies

21:00

Voting with their wallets? Consumer expectations after the EU referendum The Big Picture

Voting with their wallets? Consumer expectations after the EU referendum Tamara Li, Nicola Shadbolt, Thomas Stratton and Gregory Thwaites Bank Underground, 10 JANUARY 2018           Consumption growth remained fairly steady in the immediate aftermath of the UK vote to leave the European Union in June 2016. But how did consumer expectations

Read More

The post Voting with their wallets? Consumer expectations after the EU referendum appeared first on The Big Picture.

20:41

(Why) Should Rich Countries Have Poor People Anymore? Stories by umair haque on Medium

Or, Why Eliminating Poverty Might Just Be the Key to Escaping Decline

Heres a tiny questionwhich might strike you as a little strange, controversial, or foolish: why should rich countries have poor people in them, anyways?

When we take a hard look at the world, a curious fact pops out: rich societies with the least numbers of people living in abject poverty do better. Today, such countries are the Nordics, the core of Europe, and Canada. Whats interesting about them? Well, having less poverty seems to have spectacular benefits. They are more stable, resilient, and prosperous. They are more robust democratically. They are happier and kinder. They are saner, wiser, and healthier. They are better off in every single way imaginable compared to rich societies with more poverty.

What are those societies like? Well, rich societies with more people living in poverty do not just worse, but spectacularly, enduringly worse, in nearly every way imaginable. They end up like America or Russia. They do not really stay democracies, but become authoritarian oligarchies. Lives are shorter and harder and meaner and unhappier. Norms and institutions reward anger, greed, cruelty, spite, and rage, so they end up emptied of of reason, truth, courage, insight, and wisdom. Their economies end up dominated by misinformation, manipulation, bailouts, and predation. The result is that they are much, much more fragile, unstable, precarious, and just plain toxic to be than rich countries with less povertyeveryone is worse off, in the end.

All of which leads me to my second question. Is reducing poverty the single simple secret to building a successful societythe key to escaping decline? Let me put that in perspective. A successful society needs to be a techno-utopia! Supersonic trains and robe-teachers!, says one side. No!, cries, another, its about deficits!! How do we build societies that dont end in catastrophic decline, like America, anyways? Can we? Its not sci-fi, because, Canada, Sweden, and Germany did so.

Reality says: maybe, just maybe, its a lot simplerand yet more difficultto escape decline we think it is. If societies with less poor people in them are better off in nearly every imaginable waythen isnt the elimination of poverty probably the very first thing a society should try and do? The one thing with the greatest effect, that it should focus on getting done before anything else, whether cutting taxes or building Facebooks or sending billionaires to Mars?

So. Let me ask again. Why should rich countries have poor people, anyways? Maybe they shouldnt.

Now. I dont want to spend this essay on the how. Thats easy enough: whether basic income, basic assets (aka trust funds at birth), employment and income guarantees, giving people homes,...

19:47

The curse of green gentrification Eco-Business

Heavily polluted communities should celebrate environmental victoriesand brace themselves for what comes next.

19:38

Mastercard Pushes Biometrics, Banks Follow naked capitalism

Mastercard and other financial services providers are aggressively promoting biometrics. Where are the vaunted EU privacy regulators?

19:36

Why business is the best partner in the fight against modern slavery Eco-Business

Slavery is outlawed in every country in the world. It is universally abhorred. Yet more people are enslaved today than when slavery was legal.

18:59

18:58

Mastering Renewable & Alternative Energies - Singapore Eco-Business

Mastering Renewable & Alternative Energies

17:54

Rail Workers Acquitted in Trial on Deadly Lac-Mgantic Oil Train Disaster naked capitalism

A jury acquitted front line workers in the horrific Lac-Mgantic "bomb train," but the higher-ups have not been held to account.

17:41

The Jordan Peterson Moment Marginal REVOLUTION

That is the new David Brooks column, here is one excerpt:

Much of Petersons advice sounds to me like vague exhortatory banality. Like Hobbes and Nietzsche before him, he seems to imagine an overly brutalistic universe, nearly without benevolence, beauty, attachment and love. His recipe for self-improvement is solitary, nonrelational, unemotional. Id say the lives of young men can be improved more through loving attachment than through Petersons joyless and graceless calls to self-sacrifice.

But the emphasis on strength of will, the bootstrap, the calls to toughness and self-respect all of this touches some need in his audience. He doesnt comfort. He demands: Stop doing what you know to be wrong. Say only those things that make you strong. Do only those things that you could speak of with honor.

There is much more at the link.

The post The Jordan Peterson Moment appeared first on Marginal REVOLUTION.

17:28

PepsiCo cuts ties with palm oil supplier over labour abuse claims Eco-Business

A 2016 probe by several campaign groups alleged there were child labour and worker exploitations on Indonesian plantations operated by Singapore-listed Indofood Agri Resources.

16:54

How the Pentagon Enlisted Trump In Its Perpetual War on Terror David Stockman's Contra Corner

Although it was not a comprehensive policy statement, the Tillerson speech completed a months-long process in which the Pentagon has succeeded in enlisting the Trump administration to sign on for a semi-permanent US military engagement in three countries with significant US troops contingents: Syria, Iraq and Afghanistan. This trifecta of semi-permanent US military engagements reflects []

16:16

Lower responsiveness to change is part of Americas productivity problem Marginal REVOLUTION

Using several novel empirical facts from business microdata, we infer that the pervasive post-2000 decline in reallocation reflects weaker responsiveness in a manner consistent with rising adjustment frictions and not lower dispersion of shocks. The within-industry dispersion of TFP and output per worker has risen, while the marginal responsiveness of employment growth to business-level productivity has weakened. The responsiveness in the post-2000 period for young firms in the high-tech sector is only about half (in manufacturing) to two thirds (economy wide) of the peak in the 1990s. Counterfactuals show that weakening productivity responsiveness since 2000 accounts for a significant drag on aggregate productivity.

That is from Ryan A. Decker, John C. Haltiwanger, Ron S. Jarmin, and Javier Miranda.

The post Lower responsiveness to change is part of Americas productivity problem appeared first on Marginal REVOLUTION.

15:56

Hong Kongs Happy Valley Underground Stormwater Storage Scheme represents new thinking on stormwater management Eco-Business

Black & Veatch has won the 2017 Hong Kong Awards for Industries: Innovation and Creativity Grand Award. The award recognises the company's role as the hydraulic designer of the recently completed Happy Valley Underground Stormwater Storage Scheme (HVUSSS) for the Drainage Services Department of Hong Kong SAR (DSD).

15:41

Climate change and deforestation threaten worlds largest tropical peatland Eco-Business

Just over a year ago, scientists announced the discovery of the worlds largest intact tropical peatland in a remote part of the Congos vast swampy basin.

14:00

At Davos, bosses paint climate change as an opportunity Eco-Business

There is a new generation convincing asset managers to put money into investments with a strong environmental agenda and to push companies to play a bigger role in addressing climate change.

13:35

Benjamin Fulford: Underground bases in Nevada The Event Chronicle

By Benjamin Fulford

When this weeks newsletter of January 22, 2018 went public, the following link had mysteriously stopped working.  Now it is working again.  It refers to the underground base in Nevada that is now apparently under attack.
http://www.subterraneanbases.com/nevadas-underground/3/

The post Underground bases in Nevada appeared first on Weekly Geo-Political News and Analysis.

13:10

Gold Standard Grow to Zero 2018: Sustainable solutions for a prosperous planet Eco-Business

We have two years to change the trajectory of global emissions if we are to meet the ambition of the Paris Agreement. Where are we on the path to decarbonisation? The SDGs provide a $12 trillion opportunity for business. But last year's stock-take indicated the need for major investments in the near-term to accelerate progress to meet targets by 2030.

13:09

Certified Sustainability (CSR) Practitioner Program, Advanced Edition 2018 - Atlanta Eco-Business

This challenging two-day training offered by CSE aims to give you all the latest practical tools and resources required to implement or upscale corporate sustainability in order to drive your initiatives to the next level by generating value and creating effective strategies.

13:00

DNA Secrets: How Ancient Civilizations Retrieved Lost Knowledge The Event Chronicle

All ancient cultures link humanitys origins to the heavens. The Egyptians, for example, were adamant that their ancestors came from the stars of Orion and Sirius. Today, however, religion and science assert that life arose spontaneously here on Earth. Did the ancients know our true cosmic origins? Have they left us clues?

Expanding on the panspermia theory developed with the celebrated astronomer Sir Fred Hoylenamely that the building blocks of life were imported to Earth by comets in the distant pastChandra Wickramasinghe and Robert Bauval explore the latest findings in support of a cosmic origin for humanity. They detail the astrobiological discoveries of organic molecules deep in space, how microbes are incredibly resistant to the harshest conditions of spaceenabling the transfer of genes from one star system to another, and the recent recovery of microorganisms from comets still in space. They argue that the universe was born and preset with the blueprint of life and that the cosmos must be teeming with lifeforms far older and perhaps far more developed than us. They show how life arrived on our planet in the form of interstellar dust containing alien bacteria approximately 3.8 billion years ago and how later comets, meteoroids, and asteroids brought new bacterial and viral genetic material, which was vital for evolution.

Using the latest advances in physics, cosmology, and neuroscience, the authors explore how universal knowledge may be stored in human DNA and cells, and they postulate that ancient cultures, such as the pyramid builders of Egypt and the temple builders of India, may have known a way to retrieve this knowledge.

Thanks to Cliff Dunning
http://www.earthancients.com/
https://twitter.com/cliffdunning

12:55

Free Webinar: Practical guide to human rights and modern slavery handling Eco-Business

Practical guide to human rights and modern slavery handling

12:00

The Man Who Blew The Lid off of AREA 51 Shows off His Water Powered Car The Event Chronicle

The Man Who Blew The Lid off of AREA 51 Shows off His Water Powered Car

By Arjun Walia

Decades ago, when an individual claimed to work at a military facility that required top level security clearance and spoke about classified military secrets and technology, they were ridiculed. This is why, in some cases, they were allowed to speak and share sensitive information, because most of it was so unbelievable and easy to ridicule that, instead of the world of secrecy retaliating, they let these individuals speak their mind.

In the past, individuals blowing the whistle, regardless of whether or not their backgrounds could be verifiable, was something that didnt happen as much as it happens today. Take for example, the hundreds of high ranking ex-military and political personnel sharing their experiences with UFOs. Today, UFOs are official, as the Pentagon recently released a video of an object performing maneuvers no known aircraft can. The topic is also becoming popular within academia, as a number of peer-reviewed research articles have also emerged hinting strongly to artificial surface interventions on other bodies within our solar system, like the Moon and Mars, for example.

Who is the man in the video below? Its Bob Lazar, the one who blew the lid open on places like Area 51, a secret military base thats been used to test advanced military air-craft, and supposedly other things. Its existence was officially disclosed by the US government a few years ago, but its important to note here that there are multiple military bases located throughout the US, some even more secretive than Area 51 and some are even located beneath the ocean floor.

For more deta...

11:30

Cosmic Disclosure: Hybrid Creatures and Secret Bases The Event Chronicle

Cosmic Disclosure: Hybrid Creatures and Secret Bases
Season 9, Episode 9

David Wilcock: All right. Welcome to Cosmic Disclosure. Im your host, David Wilcock, and Im here with Emery Smith.

So we were talking about this concept that you werent that surprised by the idea of very elaborate genetic hybrids being made by our government, even at the beginning of this time that you spent at Sandia Labs inside Los Alamos.

So I kind of feel like theres something missing here. How much had you been briefed on genetic hybridization programs before you ever started this particular job with these so-called salmon filets?

Emery Smith: Yeah, I was not, actually. I was a very low-classified individual at that time. So it actually didnt happen til about a year or two later, where because of what I was dissecting, or whatever, led to other briefings that led to other briefings, because a lot of these beings were connected to ships.

1 Emery Smith 1

And when I got pulled into that, then I was pulled into other things that had to do with hybridization, because I was actually told once that one of the samples WAS a hybrid, and thats how I knew they were doing hybridization.

They didnt hide it that time and during the briefing, . . .

David: Wow!

Emery: . . . and it was a group briefing, so it was exposed.

David: And what was this sample? What was it a hybrid of? What did it look like?

Emery: It was kind of like a tiger. It was a tiger-type, human-type being.

David: Really?

Emery: Yeah. The DNA had a fur on it. It was very humanoid and only stood about five feet tall.

2 Tiger Human Hybrid

And it was very . . . The way it looked was very dismantled. It was not correctly how you would think you would see something like in a movie or something where it has the perf...

11:15

Coast To Coast AM Secret Space and ET Federation with Corey Goode and Jimmy Church The Event Chronicle

By Shem El-Jamal

There have been some very interesting developments on the surface of our planet lately. According to reports, the developments off planet are just as, if not even more, interesting than what we are seeing Earth-side.

If we have read and examined the recent update written by David Wilcock and Corey Goode, we will know the possibilities of how interesting things might be at present within the various secret space programs. To add, the interviews which corresponded to this update seemed to be equally thought-provoking as the update itself.

As we may know by now, this interview hit a few snags the first time around, with regard to Coreys health. However, David Wilcock and Jimmy Church covered the task like true professional improv musicians. The show went off without a hitch, and not only were we the audience surprised at how the smooth the last-minute change was, but it sounded as though Wilcock and Church were equally surprised.

The interview with Corey himself was just as interesting as the one which David Wilcock covered. However, Coreys interview was more focused upon specific aspects of the story as well as answering listener questions. This allowed us to receive greater details from Goode which the time-frame of the previous coverage did not allow.

In contrast, the interview with Wilcock gave more of an overall perspective on the pertinent update. Personally, I found both interesting, though I would definitely recommend investing the time to read the entire update as well. It will definitely be worth it.

Original Links YouTube Coast To Coast AM

Dark Alliance

As we may remember, it was in 2015 when covert interests behind secrecy and partial disclosure began spreading fear propaganda on social media like never before. This was one of several predictions from Goodes sources which ended up coming to pass. After th...

11:00

Multiple Catholic Priests Expose The Practice of Satanism Within The Vatican The Event Chronicle

Multiple Catholic Priests Expose The Practice of Satanism Within The Vatican

By Arjun Walia

A distinction is made early in the article about black magic and white magic. Basically, black magic is the process of using entities to accomplish a goal through ceremonial magic.

Hall writes:

In his book, The Secret Teachings of All Ageshe goes on to describe how the elites in ancient Egypt, all the way up to the present day, have used these concepts in conjunction with their desire to completely control our world. Today, it starts with the government, up through the c...

10:45

Breaking Interview: Lead Author of Dirty Vaccines Study Speaks Out The Event Chronicle

By Collective Evolution

This article was written by James Lyons-Weiler, PhD  for Greenmedinfo.com. Its republished here with their permission. For more information like this from Greenmedinfo, you can sign up for the newsletter here.

In a remarkable new study with potentially immediate and earth-shattering effects on the vaccine industry and the regulatory agencies that oversee their safety, researchers at the National Council of Research of Italy and the International Clean Water Institute, USA have found extensive and inexplicable widespread contamination of vaccines with particles that, according to the authors of the study, clearly should not be present.

The study, published in the International Journal of Vaccines and Vaccination, examined 30 vaccines (44 samples in total), and found particulate matter, in aggregates and clusters.  The composition of those clusters, the researchers say, are consistent with burnt waste.  They also found red blood cells of unknown origin, and extensive metal contamination, including lead, chromium and tungsten.

These findings come at time when vaccines are under increasing attack for their likely role in sudden-onset and long-term disorders, including autism, ADHD.  HPV vaccines have been linked to Guillan-Barre syndrome, premature ovarian failure (sterility).  There is also now a consistent pattern of reports of contamination of vaccines with unwanted viruses and retroviruses, residue from human and pig tissues, and pathogens like bacteria.  A...

10:41

The Guns Not Loaded! Currency Chaos In Davos David Stockman's Contra Corner

This incompetence on full display in Davos this week has been all at once breathtakingly frightening and fall-in-the-floor funny. What started with Mnuchin landing in  Switzerland and immediately triggering a further slide in the dollar escalated dramatically on Thursday, first with Mario Draghi calling out a certain someone at the post-ECB meeting presser and then []

10:30

#ReleaseTheMemo: Greg Hunter, Michael Cutler and Pastor Lankford The Event Chronicle

7:00pm ET. News with Doug and Joe Hagmann
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10:00

Ring of fire on high alert as powerful eruptions and earthquakes hit the Philippines, Indonesia, Japan, Alaska The Event Chronicle

ring of fire alert january 2018, ring of fire popping up january 2018, increased activity ring of fire january 2018, The ring of fire is on high alert following unprecedented eruptions and strong earthquakes in January 2018

By Strange Sounds

The Ring of Fire is on high alert. This horseshoe-shaped geological disaster area comprises over half of the worlds active volcanoes as well as subductions zones and plate movements responsible for earthquakes and, sometimes, subsequent tsunamis Well, within the last few days, several countries situated on the Ring of Fire such as the Philippines, Japan, Indonesia, and Alaska were hit by unprecedented volcanic eruptions and powerful earthquakes. Is this increased seismic activity due to the slowing down of Earth rotation? Or is the Super Blue Moon eclipse on January 31, 2018, playing with our nerves? Nobody knows But some impressive seismic and volcanic events are going on right now on Earth.

...

09:45

Oklahomas Exemplary AMI Smart Meters Removal and Consumer Protection Bill: A Model For Other States To Follow The Event Chronicle

By Catherine J. Frompovich

You know it just had to happen!  Some scientifically-hip legislator in one of the 50 United States finally decided to introduce a bill to protect his constituents Constitutional rights guaranteed by both state and federal Constitutions, plus delineated the factual, independentnot consensusscience that radiofrequencies (RFs) from AMI Smart Meters damage health and The OCC [Oklahoma Corporation Commission] is to understand by this legislation that they work for the consumers and citizens of the State of Oklahoma and not the utility! [1]

Applause, applause, applause and many kudos to Oklahoma State House of Representatives legislator Dale Derby for introducing House Bill 2872 that would provide many legislative means of relief for utility consumers who reject AMI Smart Meters, including removal at no cost to consumers, plus many more exemplary legislative provisions sorely needed by those individuals who are compromised by and suffer with electromagnetic hypersensitivity (EHS) or idiopathic environmental intolerance (IEI).

Oklahoma House Bill 2872 is the most comprehensive bill Ive seen to date dealing with the horrendous draconian totalitarian AMI Smart Meter implementation against supposedly free peoples rights and/or objections to causing them problems and/or damaged health!

The Oklahoma bill is 12 pages in length, which I encourage everyone to study and also to ask your respective states Capitol legislators to introduce to provide the sorely-needed relief that has not been forthcoming from either harassing utility companies or lax and/or lackey state utility commissions.

The bills language is nothing short of all encompassing, I think, considering the totality of issues involved.  It cites independent studies confirming health harms from AMI Smart Meter radiation; defines what an electromec...

09:30

U.S. Blames Russia For All Chem Weapons Attacks Based On Claims From White Helmets Terrorists The Event Chronicle

By Brandon Turbeville

It seems as if the U.S. State Department has been on a continual loop ever since August, 2013 when Western-backed terrorists launched a chemical weapons attack that was subsequently blamed on Syrian President Bashar al-Assad and the Syrian government by the United States and other imperialist nations assisting in the attempted destruction of Syria. Ever since 2013, when the United States almost succeeded in propagandizing the general public enough to support a direct military invasion of Syria, we have seen the U.S. State Department whining and shrieking about chemical weapons attacks conducted by the regime in Damascus against his own people, civilians, and beautiful babies on a bi-monthly basis. The tired chemical weapons line has never been able to provide the U.S. with as much payoff as it almost did in 2013, however, and, in 2018, Heather Nauerts whining and Nikki Haleys head-swinging fits at the U.N. simply dont have the same effect as Samantha Powers theatrics in the halls of the same institutions a few years ago.

Five years on, the actors may have switched places but the play remains the same. In fact, so does the stage and the dialogue. Once again, the U.S. is screaming at the top of its lungs that the Syrian military has used chemical weapons against civilians in Ghouta, outside Damascus.

U.S. Secretary of State Rex Tillerson stated that, Only yesterday more than 20 civilians, most of them children, were victims of an apparent chlorine gas attack. He stated that the alleged attacks raise serious concerns that Bashar al-Assad may be continuing to use chemical weapons against his own people.

Of course, there is absolutely no evidence that the Syrian military used chemical weapons in the attack referenced by Tillerson, nor is there any credible evidence that the Syrian government even maintains a stockpile of chemical weapons to use if it wanted to. Indeed, the only sources supporting Tillersons claims are the...

09:00

Uncharted Territory Financial Sense

By FS Staff Were living in unusual times, and trying to predict market movements is extremely difficult, which is why this time on the Big Picture, Jim Puplava discussed whats concerning him and where we might expect to see market challenges develop...

06:55

Why Were Underestimating American Collapse Stories by umair haque on Medium

The Strange New Pathologies of the Worlds First Rich Failed State

You might say, having read some of my recent essays, Umair! Dont worry! Everything will be fine! Its not that bad! I would look at you politely, and then say gently, To tell you the truth, I dont think were taking collapse nearly seriously enough.

Why? When we take a hard look at US collapse, we see a number of social pathologies on the rise. Not just any kind. Not even troubling, worrying, and dangerous ones. But strange and bizarre ones. Unique ones. Singular and gruesomely weird ones Ive never really seen before, and outside of a dystopia written by Dickens and Orwell, nor have you, and neither has history. They suggest that whatever numbers we use to represent declineshrinking real incomes, inequality, and so on we are in fact grossly underestimating what pundits call the human toll, but which sensible human beings like you and I should simply think of as the overwhelming despair, rage, and anxiety of living in a collapsing society.

Let me give you just five examples of what Ill call the social pathologies of collapsestrange, weird, and gruesome new diseases, not just ones we dont usually see in healthy societies, but ones that we have never really seen before in any modern society.

America has had 11 school shootings in the last 23 days. Thats one every other day, more or less. That statistic is alarming enoughbut it is just a number. Perspective asks us for comparison. So let me put that another way. America has had 11 school shootings in the last 23 days, which is more than anywhere else in the world, even Afghanistan or Iraq. In fact, the phenomenon of regular school shootings appears to be a unique feature of American collapseit just doesnt happen in any other countryand that is what I mean by social pathologies of collapse: a new, bizarre, terrible disease striking society.

Why are American kids killing each other? Why doesnt their society care enough to intervene? Well, probably because those kids have given up on lifeand their elders have given up on them. Or maybe youre rightand its not that simple. Still, what do the kids who arent killing each other do? Well, a lot of them are busy killing themselves.

So there is of course also an opioid epidemic. We use that phrase too casually, but it much more troubling than it appears on first glance. Here is what is really curious about it. In many countries in the worldmost of Asia and Africaone can buy all the opioids one wants from any local pharmacy, without a prescription. You might suppose then that opioid abuse as a mass epidemic would be a global phenomenon. Yet we dont see opioid epidemics anywhere but Americaespecially not ones so vicious and widespread they shrink life expectancy. So the opioid epidemic...

06:45

Flying Blind, Part 3: Why Now Is Not The Time And Place For Nosebleed PE Multiples David Stockman's Contra Corner

As we indicated in Part 2, the very idea that you would pay 26X EPS for the S&P 500 at the tail end of a 103 month long recovery cycle is truly ludicrous. That is, there is a time to anticipate a strong profits rebound during the early years of a recovery, thereby meriting a []

06:12

SafeMotos provides safer motorbike taxis in Rwanda Shareable New Articles

Here's the problem: In 2013, the World Health Organization estimated that 3,783 people had died in Rwanda due to road accidents. Although not always safe, Mototaxis, or motorbike taxis, offered cost-effective transportation for low-income people and provided a livelihood for drivers. The challenge was to find a way to ensure safety of passengers and create jobs for mototaxi drivers.

06:00

2:00PM Water Cooler 1/25/2018 naked capitalism

Today's Water Cooler: CCTPP, NAFTA, Sanders and Biden 2020, Chelsea Manning, leading indicators, robot manufacturing, platforms, poverty

05:14

The Ballyhooed Boom That Isnt David Stockman's Contra Corner

In reference to what I wrote last week, this is a bit less blatant in its dishonesty surrounding the boom. PMIs, very much like the unemployment rate, are not meant for this economy, the one where symmetry was left behind a decade ago. They are simply unable to normalize to the shrinking because they assume []

05:06

The Honey Badger Market Dont Give A Sh*T About Facts, Fundamentals Or The Future David Stockman's Contra Corner

Yes, indeed. Everything does seem to be firing on all cylinders as long as you dont scratch too deeply beneath the surface. Even if you do, and see the ugly scars of minuscule wage growth, plummeting savings rate and surging delinquencies investors just dont give a shit as markets continue to rocket higher..Call it the []

05:00

Can Double-Entry Bookkeeping Save the World? Mises Wire

By: Edward W. Fuller
pacioli.jpg

Jane Gleeson-Whites bestselling Double Entry: How the Merchants of Venice Created Modern Finance is firmly entrenched as the leading primer to accounting history. This extremely popular and well-written book begins by arguing that accounting was the worlds first communications technology. The first accounting system dates from 7000 BC and the first complex accounting systems date from 3500 BC. The earliest accounting systems were not kept in writing, but with tokens shaped to resemble specific property. The early accountants realized that, rather than making tokens, they could simply draw the tokens shapes on tablets. Thus, accountants invented writing to record private property.

Gleeson-White traces the early history of accounting to the pivotal invention of double-entry bookkeeping in northern Italy around 1300 AD. She argues Roman numerals stunted the development of accounting. Double-entry bookkeeping could only emerge after 1200 when Fibonacci (11701249) popularized in Europe the Hindu-Arabic numerals and arithmetic we all use today. For the author, the economic boom of the crusades and the popularization of Hindu-Arabic numerals in Europe explains the invention of double-entry in Italy around 1300.

The books main character is Luca Pacioli (14461517), a Franciscan monk and mathematician born near Florence. Although he did not invent the approach, Pacioli published the first systematic treatise on double-entry bookkeeping in 1494. Paciolis famous 27-page accounting treatise makes him the father of double-entry accounting. Gleeson-White justifiably devotes a significant portion of the book to the life of Pacioli and his famous treatise.

After treating Pacioli, the author briefly traces the movement and development of double-entry bookkeeping across Europe and into the New World. She argues that the concept of capitalism came from double-entry bookkeeping. She then explains how her economic hero, John Maynard Keynes, used the double-entry method to develop national income accounting. She criticizes the role of accounting in recent accounting frauds and financial crises. Finally, Gleeson-White ends the book by arguing double-entry bookkeeping is destroying the planet and a new form of green accounting is desperately needed to save the earth.

Unfortunately, Double Entry is a highly problematic primer to accounting history. It must be stressed that the author has an extremely dim view of accounting. For example, [accounting] too...

04:58

Buffalo Police Commissioner hired by security firm with a checkered history and a City Hall contract Eyes on the Ties

Former Buffalo Police Commissioner Daniel Derenda (center) with Mayor Byron Brown via City of Buffalo . Daniel Derenda, who recently resigned as the commissioner of the Buffalo Police Department after holding that position for nearly eight years, has been hired by G4S Secure Solutions, the American subsidiary of G4S, a British private security firm. G4S, ...

Read More

04:57

Central Bankers Up Sh*ts Creek Without A Paddle David Stockman's Contra Corner

The world financial system is as dangerously stretched today as it was at the peak of the last bubble but this time the authorities are caught in a policy trap with few defences left, a veteran central banker has warned. Nine years of emergency money has had a string of perverse effects and lured emerging []

04:30

The Coming Big War in Ukraine (Video) The Daily Coin

The Coming Big War in Ukraine Video Russia-Insider Video Source

The post The Coming Big War in Ukraine (Video) appeared first on The Daily Coin.

04:26

The Russiagate Stakes Are Extreme PaulCraigRoberts.org

The Russiagate Stakes Are Extreme

Paul Craig Roberts

The Republicans delay in releasing the summary of the House Intelligence Committees Russiagate investigation is giving weight to the presstitutes claim that the report is not being released, because it is a hack attempt at a Trump coverup that is not believable. Only Republicans are stupid enough to put themselves in such a situation.

Readers ask me why the summary memo is not released if it is real. There must be some reasons besides the stupidity of Republicans. Yes, that is so. Among the many reasons that might be blocking release are:

1) Republicans are very national security conscious. They dont want to provide precedents for the release of classified information.
2) Many Republican congressional districts host installations of the military/security complex. Upsetting a large employer and directing campaign financing to a challenger is a big consideration.
3) The George W. Bush/Dick Cheney regime was a neoconservative regime. One consequence is that Republicans are influenced by neoconservatives who stress the alleged Russian threat.
4) The Israel Lobby can unseat any member of the House and Senate. The Israel Lobby is allied with the neoconservatives and this alliance intends to keep the US militarily active against perceived threats to Israels hegemony in the Middle East and against Russia, which supports Syria and Iran, countries perceived as threats by Israel.
5) Many Republicans are themselves invested in false Russiagate allegations against Trump and would like to replace him with Pence. Other Republicans believe that Trump is undermining Washingtons expensively-purchased foreign alliances and, thereby, undermining US power.

Many Americans do not seem to understand what is at stake. What America is confronted with is a coup conspiracy organized by top officials of the Obama Justice Department, FBI, CIA, the Hillary DNC, and the presstitute media to overturn the result of a democratic election and remove the president from office. The basis of the coup is a fake dossier purchased for money that consists of unsupported allegations against Trump and that was used to obtain warrants from the FISA count to spy on Trump and various associates hoping to find something that can be used against Trump. Regardless, the false allegations could be fed to the CIAs media assets and used to create a scandal requiring a special prosecutor to investigate Russiagate. Once the investigation was under way, the presstitutes kept the scandal alive hoping to convince enough Americans that Trump must have done somethingwhere there is smoke, there is firethat justifies his removal. It worked against Richard Nixon, but not against Ronald Reagan, and Trump is no Reagan.

If the highest reaches of the police state agencies can get away with an attempted or successful coup against the president of the United States, the...

04:10

Thought Police for the 21st Century The Daily Coin

Thought Police for the 21st Century By Chris Hedges  Global Research The abolition of net neutrality and the use of algorithms by Facebook, Google, YouTube and Twitter to divert readers and viewers from progressive, left-wing and anti-war sites, along with demonizing as foreign agents the...

The post Thought Police for the 21st Century appeared first on The Daily Coin.

04:02

Daily Digest 1/25 - On Spirituality And Revolution, The Worlds Most Critical Pipeline? Peak Prosperity

Daily Digest 1/25 - On Spirituality And Revolution, The Worlds Most Critical Pipeline?
  • As U.S. Trumpets America First, Rest of the World Is Moving On
  • Some Thoughts On Spirituality And Revolution
  • Is 2018 the Year We Step Away From Social Media?
  • Buy Europes Unloved Banks While Theyre Cheap 
  • The Dark Side of Americas Rise to Oil Superpower
  • Is This The Worlds Most Critical Pipeline?
  • Dear Elon: Teslas Base Is Not the Model S Coalition
  • In less than 3 months, a major international city will likely run out of water

Join the conversation

03:51

Robin Hanson bleg Marginal REVOLUTION

Soon I will be having a conversation with Robin Hanson the Robin Hanson.  What should I ask him?  The jumping-off point will be his new book with Kevin Simler, but of course we wont stop there.

The post Robin Hanson bleg appeared first on Marginal REVOLUTION.

03:50

Another Day, Another Attack on Cryptos Trojan Horse Breaking out of the Stable? The Daily Coin

Another Day, Another Attack on Cryptos Trojan Horse Breaking out of the Stable? by Rory The Daily Coin Is this another scare tactic or is something being developed to target privately created and owned cryptos? If there is...

The post Another Day, Another Attack on Cryptos Trojan Horse Breaking out of the Stable? appeared first on The Daily Coin.

03:43

Can We Finally Have an Honest Discussion about the Opioid Crisis? oftwominds-Charles Hugh Smith

The economy no longer generates secure, purposeful jobs for the working class, and so millions of people live in a state of insecure despair.
The opioid epidemic is generating a lot of media coverage and hand-wringing, but few if any solutions, and this is predictable: if you don't face up to the causes, then you can't solve the problem. America is steadfastly avoiding looking at the causes of the opioid crisis, which is soberly reflected in these charts of soaring opioid-caused deaths:
...

03:40

The Insource Renewables story Grassroots Economic Organizing

In order to maintain good jobs and quality of life in rural Maine, business owner Vaughan Woodruff is guiding his solar installation company, Insource Renewables, toward employee ownership, with the help of Cooperative Development Institute.

Worker ownership works for everyone! The Insource Renewables story from Co-op Development Institute on Vimeo.

 

Go to the GEO front page

03:30

IPO Offer Sizes and Returns The Big Picture

Interesting set of charts:   The three largest offerings in 2017 had negative returns. Snap, the biggest offering of the year and the second biggest U.S. IPO of all time, showed the worst return of the group.   U.S. Venture Capital Swells and Spreads Source: Bloomberg     Heres every U.S. startup in Bloombergs database

Read More

The post IPO Offer Sizes and Returns appeared first on The Big Picture.

03:30

Precious Metals Climbing a Wall of Worry (Video) The Daily Coin

Precious Metals Climbing a Wall of Worry Vidoe maneco64 In this report I cover the early market action from London on Thursday, January 25th, 2018 with a focus on gold and silver. Video Source

The post Precious Metals Climbing a Wall of Worry (Video) appeared first on The Daily Coin.

03:11

In The News Today Jim Sinclair's Mineset

As FBI Director Mueller Helped Cover Up Fla. 9/11 Probe, Court Docs Show January 23, 2018 Court documents recently filed by the government further rock the credibility of Russia Special Counsel Robert Mueller because they show that as FBI Director Mueller he worked to cover up the connection between a Florida Saudi family and the... Read more

The post In The News Today appeared first on Jim Sinclair's Mineset.

03:10

Republicans Sitting On Evidence That Clears Trump The Daily Coin

Republicans Sitting On Evidence That Clears Trump The Stupid Party Remains Stupid Paul Craig Roberts In the 1970s neoconservative Irving Kristol aptly described the Republicans as the stupid party. We are seeing this today in the hesitation of the House...

The post Republicans Sitting On Evidence That Clears Trump appeared first on The Daily Coin.

03:00

Q: The Second American Revolution is Upon Us (Video) The Daily Coin

Q: The Second American Revolution is Upon Us Video SGTReport I got a really crappy email from someone I have supported in the past because he thinks President Donald Trump is just playing his role in the grand globalist...

The post Q: The Second American Revolution is Upon Us (Video) appeared first on The Daily Coin.

02:50

Is Kiev Headhunting for Georgian and American Mercenaries in Ukraine? The Daily Coin

Is Kiev Headhunting for Georgian and American Mercenaries in Ukraine? Author: Henry Kamens  Journal-NEO It is not hard to read between the lines of recent news articles in the Georgian press about so-called Georgian fighters in Ukraine fighting on the side...

The post Is Kiev Headhunting for Georgian and American Mercenaries in Ukraine? appeared first on The Daily Coin.

02:49

Meet the German network that supports and develops sustainable co-housing projects Grassroots Economic Organizing

Here's the problem: The founders of "Mietshuser Syndikat" (tenements syndicate), a network of cohousing projects in Germany, observed many self-organized cohousing projects struggle and fail. Some couldn't overcome the challenges in the critical early phases, in terms of dealing with legal issues, finances, and group dynamics, while others created commercially exploited housing projects against their original intentions. At the same time, many cohousing projects did not have the capacity to support each other.

Here's how one organization is working on the problem: The Mietshuser Syndikat was launched to support self-organized, social housing projects. It connects successful, established projects with emerging ones to provide help, while at the same time reducing re-commercialization by ensuring all inhabitants co-own all real estate assets of all cohousing projects.

A legal construct stipulates that each cohousing project is considered an autonomous enterprise that owns its real estate, with the legal status of a limited liability company (LLC or "GmbH" in German). This GmbH consists of two partners: the cohousing association itself and the Mietshuser Syndikat GmbH. The form of limited liability companies allows the property assets to be interconnected, since decisions cannot be made unilaterally. Finally, the single associate of the networks GmbH is the MHS Association, which all inhabitants are part of.

Read the rest at Shareable

 

Go to the GEO front page

02:45

Michael Tellinger: 200,000 Year Old Levitation Technology The Event Chronicle

Michael Tellinger shares a new video from his 2017 HIDDEN ORIGINS USA & CANADA tour.

This is the last hour of a 4 hour presentation in which he goes into the new science of sound, resonance, magnetism and SASER technology Michael presents the mysterious cone shaped and torus tools which were used by the ancient civilisations to achieve unimaginable things beyond the comprehension of most in the 21st century who live under the false illusion that we are pinnacle of evolution and technology.

Once we realise that we have been manipulated and lied to for millennia as a species, it becomes easy to figure why and how such technology has been hidden from us.

Michael also goes into the UBUNTU Contributionism strategy and the ONE SMALL TOWN plan which has already been adopted by the first mayor Ron Higgins of North Frontenac.

Join Michaels mailing list for regular and exclusive updates on the stone circle research in Southern Africa.

www.michaeltellinger.com

02:30

Is My Dog, Molly, Working For Putin? (Video) The Daily Coin

Is My Dog, Molly, Working For Putin? Video Bill Still Four days ago, little Beth, my wife, got a disturbing letter from Twitter. As part of our recent work to understand Russian-linked activities on Twitter during the 2016 U.S....

The post Is My Dog, Molly, Working For Putin? (Video) appeared first on The Daily Coin.

02:10

Mount Mayon Erupts Beautifully But Violently, Spewing Lava, Smoke, And Ash The Daily Coin

Mount Mayon Erupts Beautifully But Violently, Spewing Lava, Smoke, And Ash by Mac Slavo SHTFPlan Warnings that Mount Mayon would soon erupt have caused over 50,000 Philippines residents living in the area to flee their homes.  Well, the volcano...

The post Mount Mayon Erupts Beautifully But Violently, Spewing Lava, Smoke, And Ash appeared first on The Daily Coin.

02:01

More Physical Gold is Entering the Market via Blockchain The Daily Coin

More Physical Gold is Entering the Market via Blockchain by Rory The Daily Coin Will gold backed blockchain currencies be more enticing than a pure fiat, backed by nothing, cryptocurrency / blockchain currency? Is this a pure use for...

The post More Physical Gold is Entering the Market via Blockchain appeared first on The Daily Coin.

02:00

Financial Newsletter Writers Most Bullish Since 1987 Financial Sense

By Matthew Kerkhoff During an extended period of low volatility and high returns, such as weve had recently, the notion of risk tends to fade away. This draws more investors into the market and before you know it, everybody who was sitting on the sidelines...

01:30

The worlds most powerful acoustic tractor beam could pave the way for levitating humans The Event Chronicle

Acoustic tractor beams use the power of sound to hold particles in mid-air, and unlike magnetic levitation, they can grab most solids or liquids even small insects. For the first time engineers have shown it is possible to stably trap objects larger than the wavelength of sound in an acoustic tractor beam. This discovery could enable the manipulation of drug capsules or micro-surgical implements within the body. The discovery could even lead to levitating humans.

Acoustic tractor beams use the power of sound to hold particles in mid-air, and unlike magnetic levitation, they can grab most solids or liquids. For the first time University of Bristol engineers have shown it is possible to stably trap objects larger than the wavelength of sound in an acoustic tractor beam. This discovery opens the door to the manipulation of drug capsules or micro-surgical implements within the body. Container-less transportation of delicate larger samples is now also a possibility and could lead to levitating humans.

Researchers previously thought that acoustic tractor beams were fundamentally limited to levitating small objects as all the previous attempts to trap particles larger than the wavelength had been unstable, with objects spinning uncontrollably. This is because rotating sound field transfers some of its spinning motion to the objects causing them to orbit faster and faster until they are ejected.

Working principle of virtual vortices: intertwined short vortices of opposite directions are emitted to trap and stabilize the particle.
Credit: University of Bristol

The new approach, published in Physical Review Letters today [Monday 22 January], uses rapidly fluctuating acoustic vortices, which are similar to tornadoes of sound,...

01:30

Business Development Director Eco-Business

South Pole (SP) is looking to consolidate its position as a global leader in sustainability and climate change in Australia and as a Business Development Director, you will have the incredible opportunity to grow our business in the region. SP works with a large number of prestigious corporate sector clients and as part of the Key Account Management team, you will focus on the successful acquisition and management of additional customers within the corporate sector. You will have full responsibility to identify and to assess new business opportunities to strengthen SP's leading market position in the area. In addition, you will develop tailor-made solutions to help new and existing clients to manage their climate risks with our existing range of products and services and exceeding their expectations. If you are an enthusiastic and dynamic sustainability professional with relevant experience in business development, leadership, sales and client relationship management, then this is the new challenge that you are looking for.

01:29

Operations Assistant Eco-Business

South Pole works with a large number of prestigious corporate and public sector clients to support them in their sustainability journey. As an Operations Assistant, you will support in increasing efficiency and productivity of the Consultancy and Key Account Management (KAM) teams to improve the quality of our deliverables and proposals by conducting quality checks. You will also support project management activities through checks and approvals in our in-house Project Management Tool (PMT).

01:29

Operations Assistant Eco-Business

South Pole works with a large number of prestigious corporate and public sector clients to support them in their sustainability journey. As an Operations Assistant, you will support in increasing efficiency and productivity of the Consultancy and Key Account Management (KAM) teams to improve the quality of our deliverables and proposals by conducting quality checks. You will also support project management activities through checks and approvals in our in-house Project Management Tool (PMT).

01:29

Senior Consultant Eco-Business

As part of South Pole's (SP) Consultancy team, you will focus on the successful and efficient implementation of consultancy projects for a large number of prestigious international financial sector clients. As a Senior Consultant you will lead the development of proposals and implementation of consultancy mandates and participate in business development activities in the financial sector. In addition, you will contribute to structuring the climate risks and opportunities offering for this industry. If you are a sustainable finance and climate change professional with a strategic mind-set and passionate about creating solutions with impact, we are looking for you.

01:28

Senior Consultant Eco-Business

As part of South Pole's (SP) Consultancy team, you will focus on the successful and efficient implementation of consultancy projects for a large number of prestigious international financial sector clients. As a Senior Consultant you will lead the development of proposals and implementation of consultancy mandates and participate in business development activities in the financial sector. In addition, you will contribute to structuring the climate risks and opportunities offering for this industry. If you are a sustainable finance and climate change professional with a strategic mind-set and passionate about creating solutions with impact, we are looking for you.

01:15

The Pentagon built with mineralized microbes predating dinosaurs The Event Chronicle

A new study has found that some of the building blocks of the Pentagon and Empire State Building were made by microbes that lived up to 340 million years ago, predating the dinosaurs.

A new study led by The Australian National University (ANU) has found that some of the building blocks of the Pentagon and Empire State Building were made by microbes that lived up to 340 million years ago, predating the dinosaurs.

The material, known as oolitic limestone, is a popular building material around the world and is almost completely made of millimetre-sized spheres of carbonate called ooids.

Co-researcher Dr Bob Burne from ANU said the new study found that ooids were made of concentric layers of mineralised microbes, debunking the popular snowball theory that ooids were formed by grains rolling on the seafloor and accumulating layers of sediment.

This is a cross section of the ooids inside Rogenstein oolite.
Credit: ANU

We have proposed a radically different explanation for the origin of ooids that explains their definitive features, said

Dr Burne from the ANU Research School of Earth Sciences. Our research has highlighted yet another vital role that microbes play on Earth and in our lives.

Different types of oolitic limestones have formed in all geological periods and have been found around the world, including in the United States, the United Kingdom, Germany, the Bahamas, China and at Shark Bay in Western Australia.

Dr Burne said humans had known about and used oolitic limestone since ancient times.

Many oolitic limestones form excellent building stones, because they are strong...

00:45

Grounding A Simple, Pleasurable Way to Reduce Inflammation and Chronic Disease The Event Chronicle

Grounding Techniques

By Dr. Mercola

Did you know the energy from the Earth can help you live a healthier life? The concept is known as earthing or grounding, which is no more complicated than walking barefoot.

In Down to Earth1 which received the IndieFEST Award of Excellence for a documentary short in January 20172 I speak alongside other experts to shed light on this super simple yet commonly overlooked way to protect and improve human health. As cardiologist Dr. Stephen Sinatra, author of Earthing: The Most Important Health Discovery Ever? explains in the film:

[G]rounding is literally putting your bare feet on the ground. When you do that, youre in contact with the Earth, and mother Earth is endowed with electrons, and these electrons are literally absorbed through your feet. Its like taking handfuls of antioxidants, but youre getting it through your feet.

Your Body Needs Grounding

Research suggests a general lack of grounding, also referred to as electron deficiency syndrome, has a lot to do with the rise of modern diseases. For a visual demonstration of this concept, see this previous article, which features an experiment conducted by Gary Schwartz, Ph.D., at the University of Arizona. Using sunflowers, he demonstrates the biological effects of grounding and what happens when the flowers are not grounded.

Its not unusual for Americans to spend entire days without being grounded. But though it has become the norm, its completely unnatural, and didnt really become widespread until the advent of shoes with artificial soles that prevent grounding. When youre grounded, free electrons from the...

00:43

The latest data on Apprenticeship starts offers cause for hope and concern Resolution Foundation

This morning the Department for Education published figures outlining the number and type of apprenticeships that were commenced during the first quarter (August to October) of the 2017-18 academic year the second quarter since the apprenticeship levy came into place last Spring.  Inevitably, much of the focus today will be on numbers: how the levy affected apprenticeship starts, and is the government on track to reach of its target of three million apprenticeship starts in the five years to 2020.

The short answers to these two are: maybe, but its still bedding in, and not at the moment. The more thoughtful answer is that both of these questions miss the point; we should really be focused on the quality of and opportunities that stem from the apprenticeship figures discussed today.

First though, the numbers.  Overall, the number of starts between August and October 2017 was 114,400 down 30 per cent on the same time period over the previous year. Despite this apparently disappointing performance, this is an improvement on the last round of apprenticeship starts (as the chart below shows).

Source: Department for Education

As with the figures for last quarter, if youre committed to the target its not great news: to achieve three million new starts between 2015 and 2020 there would need to be an average of 600,000 per year. The first quarter of the academic year is naturally the one in which wed expect to see the most starts: typically a third of all annual starts occur between August and October. So to be on track for meeting the target wed expect 200,000 starts during Q1 of this academic year. Todays figures how the reality fell more than 40 per cent below target expectations.

However, its not entirely the case that this fall is being by a complete lack of employer engagement with...

00:30

Monsanto Wants to Disguise Its Genetically Engineered Foods as Biofortified The Event Chronicle

MONSANTO WANTS TO DISGUISE ITS GENETICALLY ENGINEERED FOODS AS BIOFORTIFIED

But NHF is standing in its way

By Scott C. Tips

In the same way that deadly aspartame is being secretly slipped into all kinds of foods and drinks that we eat, plans have been hatched to disguise genetically engineered food ingredients under the label Biofortified. After all, consumers are catching on to the deadly health consequences of the increasingly fake foods that they eat, so the corporate monsters behind aspartame and GE ingredients are stooping to subterfuge. Like crocodiles, they lay their eggs in hidden terrain.

Its Immaculate Conception

It all started out innocently enough several Codex Nutrition committee meetings ago when an international nongovernmental organization (INGO) named the International Food Policy Research Institute (IFPRI) (and sponsored by Harvest Plus) had one of its country contacts introduce a proposed new work at Codex. (Only member countries may introduce new work at Codex, not INGOs.) Harvest Plus method of increasing certain vitamin and mineral content of basic food crops consists of the time-honored, conventional way of cross-breeding, not genetic engineering.  Harvest Plus, for example, will increase the vitamin or iron content of sweet potatoes so that malnourished populations in developing nations will receive better nutrition.

The new work at the Codex Alimentarius Commissions Codex Committee on Nutrition and Foods for Special Dietary Uses (CCNFSDU) was simple: Craft a definition for Biofortification. That definition could then be used uniformly around the World to apply to those foods conventionally fortified with higher levels of nutrients and everyone would be on the same page whenever the term biofortified was used. Indeed, the National Health Federation (NHF) was an early supporter at Codex of this definition.

Poisoned in the Womb

This years CCNFSDU meeting hosted by the German Health Ministry in Berlin, Germany the first full week of December 2017 witnessed a lively debate about not only how to define Biofortification but also whether or not the very word Biofortification should be used at all. However, this was not the beginning of the debate. The NHF had two delegates there.

At the 20...

00:15

30 Ways to Reduce Your Risk of Catching the Flu The Event Chronicle

By Daisy Luther

If youre new here, you may want to subscribe to my RSS feed. Thanks for visiting!

2018 has started off with a bang and not in a good way. So far, its shaping up to be the worst year of the flu in more than a decade. More than 100 people across the country have already died and were only 3 weeks into the new year. Hospitals are running out of IV bags. Theyre setting up tents to treat people in the parking lot. Pharmacies are out of Tamiflu.

In short, this virus is bad news.

So how do you reduce your risk of catching the flu?

Heres a hint:

Reducing your risk has absolutely nothing to do with being injected with a flu shot may only be 10% effective and could have mild to severe side effects.  This is despite the fact that youll hear about 10,971 variations that The best way to prevent catching the flu is to receive your annual flu shot. Just because the media repeats it verbatim every single day doesnt make it true.

Reducing your risk of catching the flu has everything to do with personal hygiene, leading a healthy lifestyle, and boosting your bodys immune system.  Every year, I write about this topic, and every year, people respond by telling me that these ideas are fine for me but if you dont pick-an-excuse then you just have to go and get the flu shot. I realize that all of these suggestions are not applicable to every familys situation, but if one doesnt work, there are still 29 more that may help.

None of these is foolproof. This years strain is particularly virulent and one...

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Thursday, 25 January

23:48

10 Thursday AM Reads The Big Picture

My back home morning train reads:  How Hedge Funds (Secretly) Get Their Way in Washington (BloombergBusinessWeek) Those betting that the VIX will remain low need to stay aware of the feedback loop (LRB)  Mexicos drug cartels, now hooked on fuel, cripple nations refineries (Reuters)  Whos Your Real Boss? (Behavioral Scientist)  Winemakers Turn to MIT to Save

Read More

The post 10 Thursday AM Reads appeared first on The Big Picture.

23:45

A New Scientific Documentary Exposing Our Non-Physical World The Event Chronicle

Despite the unrivalled empirical success of quantum theory, the very suggestion that it may be literally true as a description of nature is still greeted with cynicism, incomprehension and even anger.

(T. Folger, Quantum Shmantum; Discover 22:37-43, 2001)

By Arjun Walia

The quote above is a great example that lets the reader know one thing; that new information and evidence which challenge long held beliefs about our world are always met with harsh criticism. Remember when we found out that the Earth wasnt flat? Human history shows the same pattern, especially if we look at the history of science.

Take, for example, prominent physicist Lord Kelvin, who stated in the year 1900 that, There is nothing new to be discovered in physics now. All that remains is more and more precise measurement. 

It wasnt long after this statement when Einstein published his paper on special relativity. Einsteins theories challenged the accepted framework of knowledge at the time, and forced the scientific community to open up to an alternate view of reality.

It serves as a great example of how concepts that are taken to be absolute truth are susceptible to change.

Today, something special in science is happening. Its the recognition that what we perceive to be our physical material world is not the only world, and non-material factors like consciousness, for example, may play a vital role in the make-up of our physical material world.

In the scientific community, its referred to as non-material science.

Other areas of study in this field include telepathy, clairvoyance, ESP, and more. These are topics that have been studied within black budget and at the highest levels of government for decades, yet at the same time ridiculed by mainstream science, despite extremely significant statistical results.

This area is u...

23:30

The Simulation HypothesisWhy Quantum Physics, AI, and Eastern Mystics Agree We Are In A Video Game The Event Chronicle

An MIT trained computer scientist and Silicon Valley video game designer gives 10 reasons for the Simulation Hypothesis: that our reality is a simulated, pixelated 3d world where we all have individual xp, levels, and quests run by some giant Artificial Intelligence

By Riz Virk

Recently, the idea that we may be living in a giant video game, or as its sometimes called, the Simulation Hypothesis, has gotten a lot of attention because of prominent figures like Elon Musk who have openly discussed the idea. As Virtual Reality technology has gotten more sophisticated, we are starting to contemplate virtual worlds like that of the omni-present Oasis in Ready Player One, soon to be a blockbuster movie directed by Stephen Spielberg.

Some like sci fi writer Philip K. Dick, believed strongly that we were living in a kind of simulation. Others, like futurist Ray Kurzweil, have popularized the idea of downloading our consciousness into a silicon based device, which would mean we are just digital information after all. Some, like Oxford lecturer Nick Bostrom, goes further and thinks we may in fact be artificially simulated consciousness inside such a simulation already!

Science Fiction Or Mysticism?

Like my first exposure to most great ideas, I discovered the Simulation Hypothesis through watching and reading too much science fiction.

The first time was during an episode of Star Trek: The Next Generation, where a holo-deck character realized that he was in a simulation and that some of the people in the simulation existed out there (in this case, out there was the rest of the Enterprise) and he wanted to go there, too! Was it possible that we were in a holo-deck-like space and that there was another world out there, I wondered?

23:28

Police Union Privileges Marginal REVOLUTION

Earlier I wrote about how police unions around the country give to every officer dozens of get out of jail cards to give to friends, family, politicians, lawyers, judges and other connected people. The cards let police on the street know that the subject is to be given professional courtesy and they can be used to get out of speeding tickets and other infractions. Today, drawing on the Police Union Contracting Project, I discuss how union contracts and Law Officer Bill of Rights give police legal privileges that regular people dont get.

In 50 cities and 13 states, for example, union contracts restrict interrogations by limiting how long an officer can be interrogated, who can interrogate them, the types of questions that can be asked, and when an interrogation can take place. In Virginia police officers have a right to at least a five-day delay before being interrogated. In Louisiana police officers have up to 30 days during which no questioning is allowed and they cannot be questioned for sustained periods of time or without breaks. In some cities, police officers can only be interrogated during work hours. Regular people do not get these privileges.

The key to a good interrogation is that the suspect doesnt know what the interrogator knows so the suspect can be caught in a lie which unravels their story. Thus, the Florida Police Bill of Rights is stunning in what it allows police officers:

The law enforcement officer or correctional officer under investigation must be informed of the nature of the investigation before any interrogation begins, and he or she must be informed of the names of all complainants. All identifiable witnesses shall be interviewed, whenever possible, prior to the beginning of the investigative interview of the accused officer. The complaint, all witness statements, including all other existing subject officer statements, and all other existing evidence, including, but not limited to, incident reports, GPS locator information, and audio or video recordings relating to the incident under investigation, must be provided to each officer who is the subject of the complaint before the beginning of any investigative interview of that officer.

By knowing what the interrogators know, the suspect can craft a story that fits the known factsand the time privilege gives them the opportunity to do so.

Moreover, how do you think complainants feel knowing that the police officer they are complaining about must be informed of the names of all complainants. I resp...

23:15

Why a Sovereign is a King and How You Lost Your Kingdom of God The Event Chronicle

By Pao Chang, author of EsotericKnowledge.me and OmniThought.org

During the past decade, peoples interest in freedom and sovereignty has increased significantly. Today, everywhere you go you often see in peoples eyes that they are tired of being controlled and usurped by the government. This shift in consciousness is causing a large number of people to seek knowledge related to freedom and sovereignty. It is exciting to see more people taking charge of their lives; however, when people do not innerstand what freedom and sovereignty are, it can cause them to surrender their kingdom of God to the government.

Freedom and sovereignty are like two sides of one coin and therefore are deeply intertwined. As a result of that, you can not achieve true freedom without sovereignty. Another important principle that is deeply intertwined with freedom and sovereignty is responsibility. In the freedom movement, many people like to think that they can achieve freedom and sovereignty without responsibility. This is a false belief that can manifest a lot of confusion, frustration and anger into their lives. By the end of this article, you will know why responsibility plays a very essential role for achieving freedom and sovereignty. Furthermore, you will know why most men and women are not sovereigns.

What is a Sovereign?

To know what a sovereign is and how to be a sovereign, you need to know certain principles of sovereignty. Some of the ways to know these principles are by studying the words sovereign and sovereignty and deciphering their definitions to find their deeper meanings.

Blacks Law Dictionary (3rd edition) defines the word sovereign using these exact words: A person, body, or state in which independent and supreme authority is vested; a chief ruler with supreme power; a king or other ruler with limited power. Websters Complete Dictionary of the English Language (1886) defines the word sovereign using these exact words: Supreme in power; superior to all others; highest in power; chief; independent of, and unlimited by, any other; possessing, or entitled to, original authority or jurisdiction; as, a sovereign prince.

The word...

23:10

Preparing a Safe Room in Your Home The Daily Coin

Preparing a Safe Room in Your Home By 4Patriots  Laissez Faire Books LFB.org If a disaster were to occur that would not require you to bug out, or if there were suddenly an intruder in your home who you were...

The post Preparing a Safe Room in Your Home appeared first on The Daily Coin.

23:00

A Brief (and Messy) History of Modern Gold Standards Mises Wire

By: Marcia Christoff-Kurapovna
gold standard

Although gold prices hit a new high in mid-January, Americans, by and large, are still reluctant about gold. They dont quite "get it." This incomprehension is different than that of Americans not "getting," for example, bitcoin (as few seem to). They may understand gold as a safe haven that has always stood the test of time, war, crises, inflation, etc. Some also understand that no gold proponent advocates harkening back to a mythical 19th century gold hey-day (one that did not exist certainly not consistently), or recommends re-issuing gold minted currency, or reverting to any kind of bimetallism (the 19th century norm).

That said, the "barbarous relic" view tends to persist. Overall, it is thought that gold simply has no place in a modernized (read: central bank-controlled) economy. Making matters more complex is the question of what is gold and what is not. The recent proliferation of gold derivatives, "paper gold," ETFs, certificates, bogus gold; the Chinese, the Russians, depleted reserves, actual supply make its study opaque and abstract. In light of this confusion, a basic overview of the role of gold in an economy, both in classic and modern terms, is in order: 

The Complexity of the Age of Gold Standards

In the beginning of the modern economic era of the later 19th century, a pure "gold standard" was never consistent. However, its rise to preeminence as the pillar of sound economic theory was that of golds role as a hedge against inflation and against Unsound Money paper money easily manipulated to reckless credit whims. In this regard, the European central banks of the day were excellent watchdogs.

Great Britain led the charge on this score. The country was on a full gold standard from 1816 onwards, but de facto (the nuance is important) since 1717. Ironically, this was after Sir Isaac Newton, Master of the Mint, did not depreciate gold enough when the country was on a bimetallic standard, like most of the world. According to the legend, Newton had set the official silver price of gold guinea at twenty-one shillings and inadvertently drove what were newly re-minted full-bodied silver coins out of Britain an illustration of Gresham's law. This left only worn silver coins to circulate as a means of payment along with overvalued gold coins. Yet, this error in judgment established the gold standard in practice in the country, later codified into law following the Napoleonic wars. This, in turn influenced other nati...

22:45

Opening To Angels Guardian Angels and the Angelic Realm The Event Chronicle

UFOTV Accept no imitations. As part of the ever growing New Age Movement, the belief in Guardian Angels and an Angelic Realm has grown in popularity over the years. According to Body, Mind, Spirit Magazine, this film is considered the leading film available on the reality of Angels. Opening to Angels Includes an unprecedented collection of interviews with the leading authors, researchers, experiencers and the best known, most credible New Age authorities on this topic in the world today. Take a journey into the world of Guardian Angels and discover for your self why so many people believe in the Angelic Realm.

Available commercial FREE on AmazonPRIME.

2017 UFOTV and Lightworks AV. All rights reserved.
Distributed by UFOTV A UFO Video, Inc. Company

22:45

Why the Next Downturn Will Not Look Like 2008 The Daily Coin

Why the Next Downturn Will Not Look Like 2008 by Wolf Richter Wolf Street Nine years of scorched-earth monetary policies come home to roost. There are always cycles. The current cycle started at the bottom of the Great Recession...

The post Why the Next Downturn Will Not Look Like 2008 appeared first on The Daily Coin.

22:30

All-Time Hedge Fund Earners The Big Picture

I am fascinated by hedge funds for several reasons: first, I admire great talent, skill and expertise in whatever form it manifests itself. Excellence should never be ignored or lightly dismissed. These handful of alpha generators have created an enormous amount of wealth for their investors. To quote Jim Chanos, it is the same few 100

Read More

The post All-Time Hedge Fund Earners appeared first on The Big Picture.

22:15

Clueless Mnuchin Embraces Weak Dollar Policy (Video) The Daily Coin

Clueless Mnuchin Embraces Weak Dollar Policy Video Peter Schiff Video Source

The post Clueless Mnuchin Embraces Weak Dollar Policy (Video) appeared first on The Daily Coin.

22:05

Oil breaches $70 a barrel The BRICS Post

Global demand for oil is expected to rise, helping push oil prices higher [Xinhua]


For the first time in more than three years when oil prices first took a dive, Brent crude hit $71 a barrel on Thursday on news that inventories had fallen again in the US.

US benchmark West Texas Intermediate crude futures rose to $66.53.

Oil markets have been steadily rising since Saudi Arabian-led OPEC agreed to oil production cuts with non-cartel world producers such as Russia.

And OPEC is predicting rising global oil demand over the next four years will push prices even higher.

The two largest oil producers agreed to continue with production cuts until the end of the 2018 fueling hope among some traders that oil prices could head toward the $80 mark by the end of the year.

Saudi Arabias most pivotal step in the oil markets has been its ability to coerce OPEC and non-cartel members to stick to the 1.8 million barrels a day production cuts since last year.

Hand in hand with the Russians, this has been one of the leading factors on boosting oil prices in 2017.

The two countries, once at loggerheads over Syria and Iran, have set aside their differences in favor of oil market stability.

2017 began with oil prices climbing in the $45-55 range to end the year near $67 a barrel.

With Saudi Energy Minister Khalid Al Falih pledging that oil cuts will continue till the end of 2018, the Saudis were hoping for a price range between $60 and $70 a barrel for much of the year.

Prices have now surpassed that and are likely to hover between $65 and $75. But could they go higher?

Supply and demand

While the biggest threat to market stability is how quickly shale oil production will be back on line now that oil company coffers are filling up again, expectations are that demand for the black gold is not going to stop rising.

According to a report from the International Energy Agency on January 19, 2018, global demand for oil has risen from 92.45 million barrels a day in Q2 of 2014 (when the glut first began) to 96.65 million barrels in Q3 of 2016.

In 2018, the IEA forecasts global demand at 99.1 million barrels a day.

However, the IEA says that rising oil prices may offset demand and push it lower slightly.

Meanwhile, OPEC says that it sees a healthy annual increase in global demand to reach over 102 million barrels a day by 2022.

By Firas Al-Atraqchi with inputs from Agencies

22:00

New Video: The Space War 432Hz The Event Chronicle

By Jonathan Carty

For those who feel guided to see it I have been guided to create an action/informational-style video in regards to the Space War that is going on right now. I hope you will enjoy it. Much love!

Information for this video came from the following links:

http://2012portal.blogspot.com/
http://2012portal.blogspot.com/2017/12/situation-update.html
http://2012portal.blogspot.com/2018/01/operation-mjolnir.html

This post New Video: The Space War 432Hz first appeared on Truth Earth.

21:54

Debt Rattle January 25 2018 The Automatic Earth

Grete Stern Sueo No. 27: No destie con el agua 1951   Trump to Tell Davos That America First Is Good for Globalism (BBG) A Weaker Dollar Is Good For The US, Treasury Secretary Mnuchin Says (CNBC) Careless Whisper: Mnuchin Opens Door To New Era Of Currency Wars (BV) Trump Team

The post Debt Rattle January 25 2018 appeared first on The Automatic Earth.

21:45

US May Be Preparing Preemptive Strike Against North Korean Nuclear Sites The Daily Coin

US May Be Preparing Preemptive Strike Against North Korean Nuclear Sites from Sputnik News Its no secret that the US military has been gradually amassing firepower on the Korean Peninsula since Pyongyang began testing a range of ballistic missiles in...

The post US May Be Preparing Preemptive Strike Against North Korean Nuclear Sites appeared first on The Daily Coin.

21:15

Gold & Silver Price Update: US Dollar Meltdown (Video) The Daily Coin

Gold & Silver Price Update: US Dollar Meltdown Video iGoldAdvisor Video Source

The post Gold & Silver Price Update: US Dollar Meltdown (Video) appeared first on The Daily Coin.

21:05

Responsible Business Forum on Food and Agriculture 2018 Eco-Business

Scaling collaboration to deliver the SDGs Asia is home to 4 billion people and the region faces some of the biggest and toughest challenges, such as hunger, poverty, malnutrition, gender inequality and the adverse impacts of climate change, to name just a few.

21:03

Sustainability Strategy and Reporting Executive Training, Kuwait ILM Recognised Eco-Business

The Sustainability Strategy & Reporting Executive Training is designed to address the needs and expectations of demanding and experienced professionals.

21:00

Advanced Chief Sustainability Officer (CSO) Professional, Abu Dhabi - ILM Recognised Eco-Business

The Advanced CSO Professional Training is a challenging training course offering a unique holistic viewpoint to Sustainability. In this course, experienced professionals will benefit from our interactive approach focusing on both strategic and operational aspects of sustainability.

21:00

Valuation Ratios for Households and Businesses The Big Picture

Valuation Ratios for Households and Businesses Thomas Mertens, Patrick Shultz, and Michael Tubbs FRBSF Economic Letter, January 8, 2018     Current valuation ratios for U.S. equities and household net worth are high relative to historical benchmarks. The cyclically adjusted price-to-earnings ratio reached its third highest level on record recently, and the ratio of household

Read More

The post Valuation Ratios for Households and Businesses appeared first on The Big Picture.

20:59

Sustainability Strategy and Reporting Executive Training, Dubai ILM Recognised Eco-Business

The Sustainability Strategy & Reporting Executive Training is designed to address the needs and expectations of demanding and experienced professionals. This training is a highly specialised two-day course which focuses on the strategy components and the core structures which enable participants to embed sustainability into their organisations strategically and effectively.

20:56

Stakeholder Management Masterclass, Dubai - ILM Recognised Eco-Business

The Stakeholder Management Masterclass is a highly specialised training course which is suited to CSR/Sustainability professionals, and everyone who is involved in engaging with stakeholders and developing business partnerships and relationships (including HR, Marketing, Corporate Affairs, H&S, External Relations).

20:55

Stakeholder Management Masterclass, Kuwait - ILM Recognised Eco-Business

The Stakeholder Management Masterclass is a highly specialised training course which is suited to CSR/Sustainability professionals, and everyone who is involved in engaging with stakeholders and developing business partnerships and relationships (including HR, Marketing, Corporate Affairs, H&S, External Relations).

20:49

PhD Summer School 2017 University of Tbingen The Past Speaks

Nicolaas Strydom

In September of last year I had the wonderful privilege of attending a PhD Summer School entitled Business Beyond Businesses: Agency, Political Economy & Investors, c. 1850- 1970. This took place at the Eberhard Karls Universitt Tbingen in the charming town of Tbingen, Germany. The aim of the summer school was to provide doctoral students with an overview of relevant research and of innovative tools and methodologies in the fields of Business and Economic History. Each doctoral student also had a 25 minute slot in which to present their own research, and receive extensive feedback from the academic panel as well as the fellow doctoral students present.

IMG_5889 The beautiful town of Tbingen, Germany

View original post 430 more words

20:45

The Perfect Crisis Investment for 2018 The Daily Coin

The Perfect Crisis Investment for 2018 by Nick Giambruno  International Man Longtime readers know Ive been pounding the table about uranium. I think the price of uranium is about to soar, making it the perfect crisis investment for 2018. Uranium is...

The post The Perfect Crisis Investment for 2018 appeared first on The Daily Coin.

20:44

Advanced Chief Sustainability Officer (CSO) Professional, Dubai - ILM Recognised Eco-Business

The Advanced CSO Professional Training is a challenging training course offering a unique holistic viewpoint to sustainability. In this course, experienced professionals will benefit from our interactive approach focusing on both strategic and operational aspects of sustainability.

20:15

There Is No Other Choice, The Time Has Come To Have The Event Of Events (Video) The Daily Coin

There Is No Other Choice, The Time Has Come To Have The Event Of Events Video X22 Report The investigations are real, the information is real, the FBI, Senators and Congress are in trouble, more and more information is...

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19:45

Amazon vs. Walmart: Grocery Wars Go Nuclear The Daily Coin

Amazon vs. Walmart: Grocery Wars Go Nuclear by Greg Guenthner Daily Reckoning Amazon.com (NASDAQ:AMZN)  opened its first checkout-free grocery store this week. The venture is called Amazon Go. Instead of filling a cart and taking your items to a...

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19:15

Scholars Claim They Just Deciphered One of the Last Dead Sea Scrolls (Video) The Daily Coin

Scholars Claim They Just Deciphered One of the Last Dead Sea Scrolls Video DAHBOO The Dead Sea Scrolls have yielded up one of their final secrets after archaeologists decoded one of the last fragments left to be deciphered. Video...

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18:49

Open letter from NGOs to Malaysia's political parties: Make sustainable development a priority Eco-Business

Green groups including WWF Malaysia, Wetlands International and Sabah Wetlands Conservation Society have co-signed an open letter to Malaysia's political hopefuls calling for greater emphasis on sustainable development.

18:45

Would Your Kids Know How to Survive a School Shooting? The Daily Coin

Would Your Kids Know How to Survive a School Shooting? by Daisy Luther The Organic Prepper Imagine getting a phone call like this from your high school aged child. Mom, theres been a shooting. Im running. Those were the...

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18:20

Imagine knowing every statistic about yourself Marginal REVOLUTION

[NBA star John] Wall is shooting 42 percent, his lowest mark since he was a rookie, and he just hasnt played with enough vigor on either end of the floor. One measure of that: He has spent 76.57 percent of floor time either standing still or walking, the largest such share among all rotation players, according to tracking data from Second Spectrum. Dirk Nowitzki is right behind Wall, and hes almost 40.

That is from Zack Lowe at ESPN.  By the way, Wall was just named to the NBA All-Star team.

The post Imagine knowing every statistic about yourself appeared first on Marginal REVOLUTION.

18:15

Gerald Celente TREND ALERT! What in the World is going on? (Video) The Daily Coin

Gerald Celente TREND ALERT! What in the World is going on? Video Video Source

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17:44

Sustainability Strategy, Stakeholder Engagement and Communications MasterClass Eco-Business

What are your dreams and aspirations? Research has revealed that our common human aspirations are now being threatened by anxieties and systemic barriers which in turn are negatively affecting employee and consumer priorities and transforming their expectations of and relationships with brands.

17:23

Methane from Indian livestock adds to global warming Eco-Business

India has the worlds largest livestock population at 500 million heads, and this emits huge amounts of methane, a greenhouse gas with warming potential 20 times higher than carbon dioxide.

17:04

DEADLINE: PP Seminar Early-Bird Pricing Expires Jan 31 Peak Prosperity

DEADLINE: PP Seminar Early Bird Pricing Expires Jan 31

If you're planning on coming to Peak Prosperity's annual seminar this year, held for the first time out in beautiful Northern California's wine country, please note that an important deadline is approaching.

This is the first year we've been able to offer an 'early-bird' discounted price to those who register early. That discount expires at the end of day on January 31.

Join the conversation

16:41

Malaysian smallholders accuse EU of discrimination on palm oil ban Eco-Business

The proposed European Union ban on palm oil will threaten the livelihood of thousands of smallholder farmers in Malaysia. The EU is Malaysia's biggest export destination for palm oil and biodiesel.

16:32

Do Tibetan Buddhists fear death the most? Marginal REVOLUTION

It is an old philosophical idea that if the future self is literally different from the current self, one should be less concerned with the death of the future self (Parfit, 1984). This paper examines the relation between attitudes about death and the self among Hindus, Westerners, and three Buddhist populations (Lay Tibetan, Lay Bhutanese, and monastic Tibetans). Compared with other groups, monastic Tibetans gave particularly strong denials of the continuity of self, across several measures. We predicted that the denial of self would be associated with a lower fear of death and greater generosity toward others. To our surprise, we found the opposite. Monastic Tibetan Buddhists showed significantly greater fear of death than any other group. The monastics were also less generous than any other group about the prospect of giving up a slightly longer life in order to extend the life of another.

The economist might call this an income vs. substitution effect, the income effect in this case predominating.

That is from Death and the Self, by Shaun Nichols,  Nina Strohminger, Arun Rai, and Jay Garfield.  Via Rolf Degen, who in turn notes on Twitter:

I dont think that the terrible thing about dying is the expiration of the self. The terrible thing is that WE must leave and the party goes on without us. Social comparison until the end.

There is this famous saying that being ostracized is like death, it is social death. But it goes further: Real death IS social death, it is like being ostracized by the living.

The post Do Tibetan Buddhists fear death the most? appeared first on Marginal REVOLUTION.

16:30

Fiduciary Counsel Ashley Dunning Encourages CalPERS to Muscle Actuary to Change His Forecasts of Funding Needs naked capitalism

How CalPERS' fiduciary counsel encouraged its board to pressure its actuary to produce more politically-convenient results.

15:50

Top Dems Try Nazi-Like Censorship Tactics Against Angry Americans By Accusing Them Of Being Russian Bots The Daily Coin

Top Dems Try Nazi-Like Censorship Tactics Against Angry Americans By Accusing Them Of Being Russian Bots By Susan Duclos All News PipeLine Americans Respond By Flooding Their Phones With #WeAreNotBots @SenFeinstein #NotABOT @AdamSchiffCA #NotABOT\ In an attempt to distract...

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15:30

Tom Cloud: Precious Metals Market Update 012418 (Video) The Daily Coin

Tom Cloud: Precious Metals Market Update 012418 Video Follow The Money Daily Video Source

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15:10

US Dollar Plunge Accelerates As Gold & Silver Power Higher But This Is What Has Everyone Worried The Daily Coin

US Dollar Plunge Accelerates As Gold & Silver Power Higher But This Is What Has Everyone Worried from King World News As we move through the final trading days in the first month of 2018, the US dollar plunge has accelerated...

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15:00

We Are Near The End Game The Entire System Is About To Come Down (Video) The Daily Coin

We Are Near The End Game The Entire System Is About To Come Down Video X22 Report Toys R Us closing 182 stores. Existing home sales decline, service sector declines at the same time. One trader reports that the...

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14:55

Rising tide of innovation at Davos to keep plastic out of the sea Eco-Business

More than 8 million tonnes of plastics enter the ocean each year.

14:50

Washington New Defense Strategy: Keep Russia, China Down The Daily Coin

Washington New Defense Strategy: Keep Russia, China Down Author: F. William Engdahl  Journal-NEO TDC Note Look for a new interview with Mr. Engdahl covering this topic and more to be released on Thursday 1/25/18. #### One thing can be...

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14:30

Gold BREAKS $1,360, USD Falls to 89, & Metals News (Video) The Daily Coin

Gold BREAKS $1,360, USD Falls to 89, & Metals News Video Junius Maltby News of the day for precious metals, silver and gold rising as dollar falls below 90. Live breaking news as Gold breaches $1,360. US dollar weighed...

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14:23

Why 2018 is the year for business to step up climate action Eco-Business

Large companies with global supply chains often produce as much greenhouse gas emissions as entire countries. With this scale comes responsibility, argue WRI president Andrew Steer and Mars CEO Grant Reid.

14:10

Another Positive Year Ahead for Gold, Says the World Gold Council The Daily Coin

Another Positive Year Ahead for Gold, Says the World Gold Council by Frank Holmes GoldSeek In a year when the S&P 500 hit all-time highs, gold also held strong, finishing 2017 up13.5 percent, according to the World Gold Council....

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13:50

How Europe Cheats On Irans Nuclear Agreement The Daily Coin

How Europe Cheats On Irans Nuclear Agreement from Moon of Alabama The Trump administration wants to abolish the nuclear agreement with Iran. The big European countries want to keep the formal agreement but are actively looking for other reasons, specifically...

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13:10

Op Ed: Washington Post, Legacy Press Betray Assange As His Freedom Hangs In The Balance The Daily Coin

Op Ed: Washington Post, Legacy Press Betray Assange As His Freedom Hangs In The Balance Elizabeth Vos  DisObedient Media The last two months have seen tectonic shifts Julian Assanges hopes of being able to safely leave the Ecuadorian embassy in London...

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13:06

What Synchronized Global Growth? South Korean GDP Skids, Exports Crash Most In 33 Years David Stockman's Contra Corner

For only the 4th time since 1999 (and for the first time since Lehman), South Koreas economy unexpectedly shrank in Q4 (contracting 0.4% QoQ against expectations of 0.1% expansion), busting the global-synchronized-growth narrative.. https://www.zerohedge.com/news/2018-01-24/global-synchronized-recovery-narrative-stunned-south-korean-exports-collapse

13:00

QAnon/Barak Has to Lawyer Up/Schiff: We Cant Release FISA Memo (Video) The Daily Coin

QAnon/Barak Has to Lawyer Up/Schiff: We Cant Release FISA Memo Video BPEarth Watch TDC Note This guy is such a pos it makes me want to puke. Video Source

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12:50

DC Comedian Changed Stance On Guns After Feeling Level Of Helplessness During Armed Robbery The Daily Coin

DC Comedian Changed Stance On Guns After Feeling Level Of Helplessness During Armed Robbery by Mac Slavo SHTFPlan Washington DC comedian Tim Young has changed his stance on gun rights after he robbed at gunpoint. Young not only had...

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12:30

Cody Snodgres : Black Ops Operator Comes Forward And Tells All (Video) The Daily Coin

Cody Snodgres : Black Ops Operator Comes Forward And Tells All Video X22 Report Video Source

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12:10

LAWRIE WILLIAMS: Dollar drops, gold soars as U.S. starts to lose control The Daily Coin

LAWRIE WILLIAMS: Dollar drops, gold soars as U.S. starts to lose control from Sharps Pixley If gold trading this morning in Europe is anything to go by, gold is headed for US$1,350 an ounce, and not before time.  But before...

The post LAWRIE WILLIAMS: Dollar drops, gold soars as U.S. starts to lose control appeared first on The Daily Coin.

12:00

Mysterious Ancient Stone Artifact found in the Sahara Desert The Event Chronicle

This photo of this artifact was taken in the in the dry Sahara Desert and has what looks to be human figures carved into the upper round section (very weathered surface).

Read Here:

https://helenastales.weebly.com/blogue/mysterious-ancient-stone-artifact-found-in-the-sahara-desert

Photo credit fjexpeditions

11:50

The Economic Consequences of AI Stories by umair haque on Medium

Why AI Wont Fix the World (Or Ruin it)

I read a lot of hype about AI these days. A metric ton per day. Im drowning in it, and I bet you are too. AI will liberate humanitys huddled masses! says one side, fervent with hope. No! AI will create the Skynet Bladerunner Matrix! says the other, glum with despair.

I exaggeratebut only slightlyto make a point. The truth, as ever, lies somewhere between utopia and catastrophe. But where, precisely? Let us think about it as carefully as we can for a moment.

What are the worlds biggest problems? They are: climate change, inequality, stagnation, extremism, and a collapse of trust. If they proceed unabated, then human progress stopsdemocracy is already in decline globallyand something more like a feudal past, the 1930s meets the dark ages, rises.

Now let us ask: what kinds of problems can AI solve? Well, it can optimize. It can maybe even, to a tiny degree, discover by correlating. It can translate and assign and sort and rank. Thus, we use AI to do things like tell little devices to play a song thats been recommended to us, or maybe, one day soon order us a new kind of pizza we might like, or perhaps even to drive cars on orderly Western highwaysbut probably not unruly and chaotic Bankgok streets. We issue our commands, like little lords, and the little program goes away and assigns the right goods to the right truck from the right warehouse in such a way as to minimize the resources spent.

What is the problem with all that? Sounds pretty good, right? Not quite. Minimizing and maximizing time and money are already solved problems. We might eke out an additional few points of efficiency or productivity from making things light-years faster, cheaper, quicker, tougherbut so what? The majority of such gains have already been realized, long ago. Making delivery times go from hours to days instead of weeks, ordering stuff with a sentence instead of a tapthese are not just low marginal return activities: they are activities that will probably have real negative returns. AI solves the already solved problems of efficiency and productivity.

Not convinced? Consider the burgeoning idea of deepfakesusing AI to transplant celeb faces and voices onto existing videos. Whats the economic effect? Well, maybe one day you wont have to pay Clooney $30 million to star in a filmmaybe, since the costs are a click and an algorithm, agents will strike virtual deals in the mere hundreds of thousands. Thats efficiency. As a result, virtual Clooney can star in many, many more movies, too. Thats productivity. But in neither case does this necessarily mean that we make better artfilms that teach us how to be better citizens, mothers, fathers, husbands, wi...

11:50

Mike Pences Middle East Tour: Outright Pressure and Threats as Foreign Policy Tools The Daily Coin

Mike Pences Middle East Tour: Outright Pressure and Threats as Foreign Policy Tools by Peter Korzun Strategic-Culture Jordans King Abdullah II wants Washington to rebuild trust after US President Trump recognized Jerusalem as Israels capital. The king believes that East Jerusalem must be...

The post Mike Pences Middle East Tour: Outright Pressure and Threats as Foreign Policy Tools appeared first on The Daily Coin.

11:39

As One Gate Closes, Another Gate Closes and So Goes Private Cryptos The Daily Coin

As One Gate Closes, Another Gate Closes and So Goes Private Cryptos by Rory The Daily Coin We have stated time and again that cryptocurrencies need not be attacked. People can believe whatever they wish and put their funds...

The post As One Gate Closes, Another Gate Closes and So Goes Private Cryptos appeared first on The Daily Coin.

11:38

So Far Today Silver is Moving Two-to-One vs Gold The Daily Coin

So Far Today Silver is Moving Two-to-One vs Gold by Rory The Daily Coin As we reported yesterday, Fatty-Fat Finger was trying to work some magic with the charts and we are happy to say it was a...

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11:30

Chaos in the Swamp (Video) The Daily Coin

Chaos in the Swamp Video AIM What is this 99 page compliance report that was released from the FISA Court? What happened to the missing texts between Lisa Page and Peter Strzok? Why does Thomas keep breaking verbs? Video...

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11:10

Interest Rates: Going Up Or Down? The Daily Coin

Interest Rates: Going Up Or Down? by Gary Christenson Miles Franklin The 10 Year T-Note yields only 2.6%. But 18 months ago the rate was under 1.5%. In our current era of supposed central bank printed prosperity the low...

The post Interest Rates: Going Up Or Down? appeared first on The Daily Coin.

10:45

Silver Expected To Outperform Gold In 2018 Political Vel Craft

The Roman Republic and the later Roman Empire had gold coins called the aureus and solidus, but they also minted a popular silver coin called the denarius. One denarius was the daily wage for unskilled labour and Roman soldiers. Of course, in the late Empire, the aureus, solidus and denarius were all debased by mixing []

09:45

Cassini Finds Saturn Moon Has Sea Level Like Earth The Event Chronicle

By NASA Jet Propulsion Laboratory

Saturns moon Titan may be nearly a billion miles away from Earth, but a recently published paper based on data from NASAs Cassini spacecraft reveals a new way this distant world and our own are eerily similar. Just as the surface of oceans on Earth lies at an average elevation that we call sea level, Titans seas also lie at an average elevation.

This is the latest finding that shows remarkable similarities between Earth and Titan, the only other world we know of in our solar system that has stable liquid on its surface. The twist at Titan is that its lakes and seas are filled with hydrocarbons rather than liquid water, and water ice overlain by a layer of solid organic material serves as the bedrock surrounding these lakes and seas.

The new paper, led by Alex Hayes at Cornell University in Ithaca, New York, and published in the journal Geophysical Research Letters, finds that Titans seas follow a constant elevation relative to Titans gravitational pull just like Earths oceans. Smaller lakes on Titan, it turns out, appear at elevations several hundred feet, or meters, higher than Titans sea level. Lakes at high elevation are commonly found on Earth. The highest lake navigable by large ships, Lake Titicaca, is over 12,000 feet [3,700 meters] above sea level.

The new study suggests that elevation is important because Titans liquid bodies appear to be connected under the surface in something akin to an aquifer system at Earth. Hydrocarbons appear to be flowing underneath Titans surface similar to the way water flows through underground porous rock or gravel on Earth, so that nearby lakes communicate with each other and share a common liquid level.

The paper was based on data obtained by Cassinis radar instrument until just months before the spacecraft burned up in the Saturn atmosphere last year. It also used a new topographical map published in the same issue of Geophysical Research Letters.

For more details on the two papers, visit:

https://news.cornell.edu/stories/2018/01/saturns-moon-titan-sports-earth-features

The Cassini-Huygens mission is a cooperative
project of NASA, ESA (European Space Agency) and the Italian Space Agency. NASAs
Jet Propulsion Laboratory, a di...

09:45

How a Tech Worker Co-op Develops Client Projects Grassroots Economic Organizing

We consider our client work valuable if it satisfies the following criteria:

  1. The Camplighters involved in it are happy
  2. The clients we partner with are happy
  3. The end-users of the developed product are happy

In order to fulfill the first criterion, each project request we receive is evaluated by the people at Camplight. Most projects dont usually match our values or interests. The rest have the potential of being worked on. The one project that gets chosen receives full dedication and attention from us up to the point where the client does their job, where the client does their job means:

  • Acquiring money to finance the project development
  • Making proper marketing so the project starts building user base
  • Being transparent to us as we are to them
  • Testing and giving feedback on a daily-basis

From these points the remaining two criteria are easy to be fulfilled. In order to make the client happy, we try to help them with advice on whats most important from a development, design and business point of view. We ensure that theres almost no managerial or communication overhead. Also, we seek daily feedback by doing frequent releases or at least sharing wireframes, user journeys and screenshots of developed features.

Read the rest at Tales around the camplight

 

Go to the GEO front page

09:34

Obamas Bailed Out Bros: General Electric GE Under Federal Investigation For $6.2 Billion In Accounting Fraud Political Vel Craft

General Electric Co. is under investigation by U.S. regulators after taking a larger-than-expected charge in its finance division, dealing a new black eye to a company once enshrined as an icon of American business. The Securities and Exchange Commission is looking at the accounting practices related to a review of a GE insurance business as []

09:32

Wage inequality in workers' cooperatives and conventional firms Grassroots Economic Organizing

The author evaluates the effects of democratic worker participation on the income distribution within firms. Wage inequality in French workers cooperatives (called SCOPs) versus traditional firms is measured using the 2001-2012 panel DADS dataset which includes all French firms. The author finds significantly lower inequality in SCOPs, in line with the previous empirical literature. Going into more detail, it appears that inequality is reduced at the top of the distribution and specifically regarding qualification-based inequalities; the gender gap and the advantage of senior workers are not lower in SCOPs. These findings contribute to the literature on Labor-Managed Firms, as well as to the broader debate on rising wage inequality in developed countries

 

[full screen]

 

Go to the GEO front page

09:30

11 Stories The World Would Have Missed If It Wasnt For Julian Assange & Wikileaks The Event Chronicle

By Kalee Brown

Since 2006, Wikileaks has been exposing government and elite corruption, high-level crime, and other wrongdoings by leaking secret and classified information. Wikileaks founder, Julian Assange, has been targeted multiple times by mainstream media, which often refers to Wikileaks as fake news.

The irony is that the documents published by Wikileaks and the claims theyve made have yet to be disproven, which is something many mainstream news outlets cannot say about their own broadcasts. Unlike mainstream media, Wikileaks has helped keep the public conscious of whats actually going on in the world.

11 Stories You Would Have Missed Without Wikileaks

The following video exposes some of the craziest stories Wikileaks has uncovered. Its interesting to think that without Wikileaks, we may never have discovered the truth about some of these subjects!

Some of the topics include: journalists death as a result of the U.S, military, secret military prisons, scientology, tampered data in support of climate change, the Australian governments internet blacklist, a major cover-up by an oil company, and more.

You can watch the video here:

Why Disclosure Is So Important

If you just watched that video and had no idea about some of the corruption that goes on within the government, the elite, and large corporations, I understand that it can be difficult to learn the truth. Government was created to serve the needs of the people and corporations cant bend laws, right? Although this was probably true at some point, weve come a long way from that ideal.

Its not so difficult for corporations and the elite to avoid laws when theyre the ones writing them, which is why theyre known as the shadow government.

At the moment, we live in a world whe...

09:18

Creating clouds to stop global warming could wreak havoc Follow The Money

https://www.usatoday.com/story/tech/science/2018/01/22/creating-clouds-stop-global-warming-could-wreak-havoc/1054026001/

To counteract global warming, humans may someday consider spraying sulfur dioxide into the atmosphere to form clouds  and artificially cool the Earth.

The idea behind the process, known as geoengineering, is to keep global warming under control with the ideal solution still being a reduction in the emissions of greenhouse gases.

However, suddenly stopping that spraying would have a devastating global impact on animals and plants, potentially even leading to extinction, according to the first study on the potential biological impacts of climate intervention.

Rapid warming after stopping geoengineering would be a huge threat to the natural environment and biodiversity, said study co-author Alan Robock of Rutgers University. If geoengineering ever stopped abruptly, it would be devastating, so you would have to be sure that it could be stopped gradually, and it is easy to think of scenarios that would prevent that.

Rapid warming forced animals to move. But even if they could move fast enough, they might not be able find places with enough food to survive, the s...

09:16

Telltale rocks suggest that part of Australia was once part of North America Follow The Money

https://newatlas.com/australia-canada-rocks-nuna/53072/

Also known as Columbia, Nuna was a supercontinent that geologists believe existed from approximately 2.5 to 1.5 billion years ago. Now, theres new evidence as to how its various pieces once fit together Australian scientists have found rocks in northern Queensland, that match up with rocks from Canada.

The rocks, which have geological signatures that are unknown anywhere else in Australia, were found near the small town of Georgetown, which is located about 412 km (256 miles) west of Cairns. They are said to be very similar to rocks that are currently found in Canadas precambrian shield.

Our research shows that about 1.7 billion years ago, Georgetown rocks were deposited into a shallow sea when the region was part of North America, says lead scientist Adam Nordsvan, a PhD student from Australias Curtin University. Georgetown then broke away from North America and collided with the Mount Isa region of northern Austral...

09:15

US Coast Guard Adds Cruise Missiles To Ice-Breakers As Battle For The Arctic Begins The Event Chronicle

By Zero Hedge

The United States Coast Guard is preparing to equip icebreaker vessels operating in the Arctic region with high-tech cruise missiles for the first time as Washington escalates geopolitical tensions with Russia.

Coast Guard Commandant Paul Zukunft confirmed last week that the Coast Guards newest fleet of heavy icebreakers would be designed to carry cruise missiles, the Washingon Times reported.

In recent times, the Coast Guard has suggested that it would adopt heavy weapon systems for its vessels operating in the Arctic, but with the latest announcement from Zukunft, he has now confirmed the weapons race between Washington and Moscow has begun in the fight for the Arctic.

If you look at what Russia is doing, theres almost a mini arms buildup going on in the Arctic, USCG Vice Adm. Fred Midgette told CBS in December. Russia operates at least 40 icebreakers with six heavy icebreakers, CBS News reported in December.

Former Navy Capt. Jerry Hendrix, a senior associate at the Washington-based Center for a New American Security, said, this is not just about [new]icebreakers; this is part of a broader competition just below the surface.

Opponents believe the Coast Guard is trying to take advantage of the rising tensions between Washington and Moscow so that it can arm its icebreakers with unnecessary amounts of expensive high-tech weaponry. Zukunft has denied these claims, arguing that natural resources underneath the water are a national security threat if waterways open up allowing other countries to tap into cheap energy.

Over the years, the Coast Guard has neglected to maintain its Arctic fleet of just three icebreakers. Meanwhile, Russia has a fleet of at-least forty icebreakers, including four operational nuclear-powered icebreakers and 16 medium-sized craft, the Washington Times said.

It is important to note, the Coast Guards new icebreakers will not be ready until 2023 and could cost around $1 billion. This price tag would include six new icebreakers.

Weve been able to find offsets to drive the cost down [and]reserve the space weight and power necessary to fully weaponize these and make these a capable platform offensively in the event this world changes in the next five, 10, even 15 years from now, Ad...

09:13

Brazil is ready for its own TV star president Follow The Money

https://www.bloomberg.com/news/articles/2018-01-16/huck-the-brazil-tv-star-teases-markets-with-presidential-talk?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

It was a largely uneventful appearance for TV celebrity Luciano Huck on Brazils most-watched Sunday evening show until he started talking about politics. Thats when many viewers at home shifted in their seats, inching toward their screens.

Huck then proceeded to deliver a passionate discourse on the need to fix a broken political class, introducing ethics and altruism while mobilizing a new generation. Finally, the punchline: If I failed to try to improve things, Id be a coward, Huck said with his wife, Angelica, standing at his side. Whatever destiny and God want of me, Ill go along with.

Much in the way that Oprah Winfreys Golden Globe...

09:11

TPP resurrected as nations get set to sign trade deal Follow The Money

http://www.abc.net.au/news/2018-01-24/tpp-resurrected-as-nations-get-set-to-sign-trade-deal/9354502

Australia and 10 other nations have signalled they will sign a revised Trans-Pacific Partnership trade deal later this year.

Trade Minister Steve Ciobo called it a great deal for Australia that would really help to boost exports and drive economic growth.

Mr Ciobo said the Asia-Pacific countries were finally at the finish line following talks between officials in Tokyo.

Canada walked away from the 11-nation deal in November, but has since had several issues resolved.

But Mr Ciobo said the Turnbull Government had worked hard to revive the trade pact.

It hasnt been easy, but were finally at the finish line and Aussie businesses will be the big winners, he said.

He said new deal would eliminate more than 98 per cent of tariffs in a free-trade zone, with a combined GDP of $13.7 trillion.

Trade ministers will attend a signing...

09:00

Captains of the McCain and Fitzgerald Facing Court Martial The Event Chronicle

By Joseph P. Farrell

Well, it was to be expected, sooner or later, and many people brought this story to my attention (thanks to all of you). And since this is a story weve been following here, its only appropriate to throw in my two cents worth of high octane speculation. The story? Commander Bryce Benson, captain of the USS Fitzgerald, and Commander Alfredo Sanchez, captain of the USS John McCain, are facing courts martial, and rather stiff charges of negligent homicide, dereliction of duty, and hazarding a vessel:

Former Fitzgerald, McCain COs Face Negligent Homicide, Dereliction of Duty Charges Over Fatal Collisions

US Navy To Charge Ex-Destroyer Commanders With Negligent Homicide Over Deadly Collisions (Updated)

In other words, the US Navy is going for the incompetence and dereliction explanation of the McCain and Fitzgerald incidents.

But there are problems, as anyone following these stories will recall, and I have blogged about them previously on this site. In the Fitzgerald incident, there are indications that there were systems failures, and perhaps even crew confusion (mind manipulation?).  More recently, as I have blogged before, there have been ship collisions between a Russian and a Sierra Leonese ship, and a Chinese and Iranian ship, and these stories came after articles about global positioning spoofing cyber warfare technologies emerged. And then, of course, there was the story of the missing seaman Mims, who was reported missing, and then subsequently discovered on his ship.

If one adds all these things together, an intriguing speculative picture emerges, encompassing not only incompetence, but much more sinister possibilities behind these events. Now, I dont for a moment rule out the incompetence explanation as at least part of the possible explanation for some of these events. After all, American culture is in a downward spiral of narcissism and galloping stupidity, and this can only effect operational readiness and efficiency of the American military negatively, as the Mims incident indicates.

But this does not, in my opinion,...

08:57

Pain, Closeness, and Joy Stories by umair haque on Medium

One Tiny Principle to Live By

Theres a tiny principle that I try to live my life by now. One which came to me, as these things do, after a great many mistakes. Failed relationships, lost friendships, incinerated passions, missed chances, and so on. I have come to think of it, after reflection, as what humility means to mefor now, at least.

You do not have to convince me of your pain. To persuade me it is real. That your wounds ache. No matter how rich or poor you are, how old or young you are, how fortunate or wretched you are. My first job is to witness it, see it, listen to you. Not understand it or explain it or even help you: without blame, shame, condemnation, judgment, criticism, disappointment, indulgence, or exhortation. I will just be there, as gently as I can.

That is all. It sounds so simple, doesnt it?

Ah, but it is the hardest thing of all, I have learned. And it is the truest thing of all, perhaps, toowhat else is equality, when you think about it, but this?

Let us think about how we are taught are to relate to one another.

I am hurting, says one person to you.

Look at the world! See how it hurts! There are people who have been harmed in so many more terrible ways!, we cry. Look at me! See how I have been hurt, more than you!!, we remonstrate. Perhaps we have noble intentionsby putting this persons pain in perspective, now it must hurt less.

But when someone says that to you, dont you only hurt more? Why is that? Well, because it is now you are not seen, heard, or witnessed. You are not really allowed to exist at all. You are only being compared, which is to say relativized. But in an absolute sense, you have been extinguished. So now there is your original painand atop it, another one, of being erased, reduced, altered, disappeared.

We do not know how to hold each other well, you and I. So that we find closeness and intimacy, and through those, reveal a sense of grace, meaning, and purpose in our little lives. The troubled age that we live in now is only a reflection of that deeper mistake.

How are we to correct it?

To really sit still, be open, to witness and listen and see, non-judgmentally, non-critically, non-expectantly. Then one is giving ones self to another. There is nothing of one left, if one succeeds. But now, and only now, one can be filled up to overflowing, toonourished by the fullness of another. Do you see how that works? Only in this way, I have come to understand, do we really find a sense of meaning, purpose, and grace in this life. Only in this way do intimacy and closeness really come to be at all. If we do not allow someone else to be, who exists? Only we do. But now who can we be nourished by? No one at all.

Ive written often of growing up abused. Bullied and mocked and taunted, for being a li...

08:52

The December Housing Sales Drop And The Reluctance To Sell David Stockman's Contra Corner

The National Association of Realtors (NAR) reported that sales of existing homes, or resales, declined sharply in December 2017. Falling 3.6% from November (revised lower), that merely suggests what other data has been pointing toward. The hurricanes that hit the South caused distortions in economic conditions, bunching up activity into especially October and November. The []

08:45

Something Is Very Wrong With The Global Economy: Richest 1% Made 82% Of Global Wealth In 2017 The Event Chronicle

By Zero Hedge

It is appropriate that as the worlds richest and most popular and influential celebrities, thought leaders, economists, pundits and politicians sit down in Davos this week to discuss such topics as wealth inequality and populism, that the global charity Oxfam released its latest annual study which found that global inequality is not only worsening, but 2017 may have been the worst year ever for the split between rich and poor.

There are now 2,043 billionaires worldwide, according to the report titled Reward Work, Not Wealth.

The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system, Oxfam executive director Winnie Byanyima said in a statement.

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In addition to finding that the worlds richest 42 people own the same amount of wealth as the poorest 50% of people worldwide, a number that is fast approaching 4 billion, the report also showed that 2017 saw the biggest increase in the number of billionaires in history, with new ones created at a rate of one every two days. Their  wealth has increased by 13% a year on average in the decade from 2006 to 2015.

In other words, in 2017 the worlds richest one % raked in 82% of the wealth created last year while the poorest half of the population received none, Oxfam said just hours before the worlds elite prepared to mingle at the World Economic Forum in Davos and pretend to care about the plight of the worlds poor.

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Just as concerning if only in theory to the...

08:30

Trace Mayer: Bitcoin Is A Geopolitical Weapon Can Become Reserve Asset The Event Chronicle

Early bitcoin investor makes the case for reserve currency status

Authored by Valentin Schmid via The Epoch Times,

After the spectacular run-up in bitcoin in 2017, there are many people who claim to be early bitcoin investors early meaning 2013, or even as late as 2016.

But bitcoin has been around since 2009, and there are few people who have been following the space since then, let alone investing in the volatile cryptocurrency. Trace Mayer, host of the Bitcoin Knowledge Podcast is one of them. He has invested in bitcoin since 2010, and started publicly promoting it in 2011.

Even more impressive than the number of bitcoin he holds from the early years is the knowledge he accumulated in the eight years since he has been following bitcoin.

The Epoch Times spoke to Trace Mayer about bitcoins value proposition, its geopolitical significance, and the idea of monetary sovereignty.

The Epoch Times: How did you get into bitcoin so early?

Trace Mayer: I came across sound money in gold and silver. I was taking an American legal history class, and I had to write a paper, so I chose the topic History of Money and Currency in American Law.

Gold and silver arent barbarous commodities, but essential checks and balances in the political machinery. They are the guarantees of our monetary sovereignty. They enable us to be free humans, especially when it comes to the value we create.

When I finally came across bitcoin in its very early days. I connected all of the dots between the technology, sound money, and the game theory behind it.

I was already a fairly popular blogger in the gold niche, so I shifted the focus on bitcoin to my target audience, which was the libertarians. It was off and running from there. I started the Bitcoin Knowledge Podcast where I interview top people in the bitcoin world.

Bitcoins Value

Epoch Tim...

08:29

Presstitute Media at Wits End To Protect Its 18 Months of Lies About Russiagate PaulCraigRoberts.org

Presstitute Media at Wits End To Protect Its 18 Months of Lies About Russiagate

The Washington Post and Democrats Schiff and Feinstein are pretending that the massive demands for the release of the House Intelligence Committee report are coming from Russian trolls, when in fact they are coming from Americans. Twitter and Facebook are cooperating with the Democrats by blocking the posts, limiting users, and suspending the accounts of Americans demanding the release of the information. Here is the Washington Post again misrepresenting the facts: https://www.washingtonpost.com/amphtml/news/the-switch/wp/2018/01/23/congressional-democrats-call-on-facebook-twitter-to-urgently-investigate-and-combat-russian-bots-and-trolls/

Schiffs office is flooded with calls from Americans telling the idiot that they are not Russian bots but Americans who are tired of lies and want the truth. Gateway Pundit reports that Schiffs office hangs up on the American callers: http://thegatewaypundit.com/2018/01/hah-adam-schiffs-office-flooded-phone-calls-americans-confirming-arent-russian-bots-releasethememo/

...

08:15

As FBI Director Mueller Helped Cover Up Saudi 9/11 Probe, Court Docs Show The Event Chronicle

9/11 rescue worker says human skull turned to "powder and dust" on retrieval

Judicial Watch

Court documents recently filed by the government further rock the credibility of Russia Special Counsel Robert Mueller because they show that as FBI Director Mueller he worked to cover up the connection between a Florida Saudi family and the 9/11 terrorist attacks. The documents reveal that Mueller was likely involved in publicly releasing deceptive official agency statements about a secret investigation of the Saudis, who lived in Sarasota, with ties to the hijackers. A Florida journalism nonprofit uncovered the existence of the secret FBI investigation that was also kept from Congress.

Under Muellers leadership, the FBI tried to discredit the story, publicly countering that agents found no connection between the Sarasota Saudi family and the 2001 terrorist plot. The reality is that the FBIs own files contained several reports that said the opposite, according to the Ft. Lauderdale-based news groups ongoing investigation. Files obtained by reporters in the course of their lengthy probe reveal that federal agents found many connections between the family and individuals associated with the terrorist attacks on 9/11/2001. The FBI was forced to release the once-secret reports because the news group sued in federal court when the information wasnt provided under the Freedom of Information Act (FOIA).

The disingenuous statements were issued by FBI officials in Miami and Tampa in a desperate effort to disparage a 2011 story exposing the agencys covert investigation of the Sarasota Saudis as well as reporting that it had been concealed from Congress. Mueller is referenced in a document index that was ordered by a federal judge to be created in late November 2017. The south Florida judge, William J. Zloch, a Ronald Reagan appointee, asked the FBI to explain where it had discovered dozens of pages of documents in the public-records case filed six years ago. The index reference to then-FBI Director Mueller appears in an item involving an agency white paper written a week after the publication of a...

08:00

Murdoch-Zuckerberg War Escalates Content Creator Demands Carriage Fees From Unreliable; Facebook The Event Chronicle

By Zero Hedge

Just days after Facebooks Mark Zuckerberg said the social media platform would focus on friends and start ranking news sources, billionaire content creator Rupert Murdoch has issued a statement demanding that publishers pay fees to carry the news that its users post and share online.

Bloomberg notes that Facebook sent tremors through the news industry last week when it announced plans to redirect the sites 2 billion-plus users more toward posts from friends and family and away from media content.

And as we detailed, the company also plans to let users gauge how trustworthy news sources are to avoid perceptions of bias and address claims it has helped spread fake news.

Which Mike Shedlock slammed

So people get to rate the credibility of news. Based on what?

The answer is easy. People will believe any story that presents a view they want to hear.

Is there a point to this?

Sure, Facebook wants people to waste still more time on Facebook debating what is or isnt fake new.

Rating news stores based on credibility is time-wasting silliness.

Thats precisely why Facebook introduced the feature. Dont fall for it.

Here is Mark Zuckerbergs blog post explaining the radical change in Facebooks model.

...

07:56

Flying Blind, Part 2: The Destruction Of Honest Price Discovery And Its Consequences David Stockman's Contra Corner

In Part 1 we noted that the real evil of Bubble Finance is not merely that it leads to bubble crashes, of which there is surely a doozy just around the bend; or that speculators get the painful deserts they fully deserve, which is coming big time, too; or even that the retail homegamers are always drawn into the slaughter at the very end, []

07:45

Pope says fake news is satanic, condemns use in politics The Event Chronicle

By Philip Pullella

VATICAN CITY (Reuters) Pope Francis on Wednesday condemned fake news as satanic, saying journalists and social media users should shun and unmask manipulative snake tactics that foment division to serve political and economic interests.

Fake news is a sign of intolerant and hypersensitive attitudes, and leads only to the spread of arrogance and hatred. That is the end result of untruth, Francis said in the first document by a pope on the subject.

The document was issued after months of debate on how much fake news may have influenced the 2016 U.S. presidential campaign and the election of President Donald Trump.

Spreading fake news can serve to advance specific goals, influence political decisions, and serve economic interests, the pope wrote, condemning the manipulative use of social networks and other forms of communication.

Called The truth will set you free fake news and journalism for peace, the document was issued in advance of the Catholic Churchs World Day of Social Communications on May 13.

This false but believable news is captious, inasmuch as it grasps peoples attention by appealing to stereotypes and common social prejudices and exploiting instantaneous

emotions like anxiety, contempt, anger and frustration, Francis said.

SATANS SERPENT

False stories, the Pope said, spread so quickly that even authoritative denials often could not contain the damage done and many people run the risk of becoming unwilling accomplices in spreading biased and baseless ideas.

He called for education for truth that would help people discern, evaluate and understand news in order to recognize the sly and dangerous form of seduction that worms its way into the heart with false and alluring arguments.

Francis compared the use of fake news to the Bible story of the devil, who, disguised as a serpent, persuaded Eve to eat the fruit of the forbidden tree. He said she was fed wrong information by Satan, who told her the fruit would make her and Adam as all-knowing as God.

We need to unmask what could be called the snake-tactics used by those (purveyors of fake news) who disguise themselves in order to strike at any time and place.

Vatican spokesman Greg Burke, a former reporter for U.S. outlets, told Reuters Television: The Pope is not saying that all journalists are snakes but he is certainly acknowledging that they can be.

The pope said...

07:30

Democrats Demand Twitter, Facebook Crackdown On #ReleaseTheMemo Russian Bots, There Is Just One Problem The Event Chronicle

By Zero Hedge

  • Last week, a four page memo detailing FBI abuse of FISA warrants against the Trump campaign was circulated within the US House of Representatives
  • Amid calls from several Congressional Republicans, the hashtag #ReleaseTheMemo immediately went viral
  • In an effort to downplay genuine public concern, a Russian propaganda tracking website used primarily by Democrats and Neoconservatives has suggested that #ReleaseTheMemo went viral thanks to Russian bots
  • California Reps. Dianne Feinstein and Adam Schiff sent a letter to Facebook and Twitter CEOs on Tuesday, asking that they take action against the Russian scourge
  • Meanwhile, Twitters internal analysis of the hashtag has thus far found that authentic American accounts, not Russians, are driving #ReleaseTheMemo, according to The Daily Beast

Despite 63 GOP lawmakers petitioning for the release of an explosive four-page memo detailing FISA warrant abuse against the Trump campaign, California Democrats Dianne Feinstein and Adam Schiff have fired off an embarrassing letter to the CEOs of Twitter and Facebook, imploring the social media giants to take action against Russian bots pushing the hashtag #ReleaseTheMemo. (Feinstein, ironically, #ReleasedTheTranscripts of closed-door Congressional testimony by Fusion GPS co-founder Glenn Simpson in early January in an effort to influence public opinion).

...

07:27

Republicans Sitting On Evidence That Clears Trump PaulCraigRoberts.org

Republicans Sitting On Evidence That Clears Trump
The Stupid Party Remains Stupid

Paul Craig Roberts

In the 1970s neoconservative Irving Kristol aptly described the Republicans as the stupid party. We are seeing this today in the hesitation of the House Intelligence Committee to release to the American public the results of its investigation of Russiagate.

The committee has released a description of its findings to members of the House, and most Republicans who have read it are demanding that it be released to the public as it clearly proves that Russiagate was an orchestrated conspiracy between the Democratic National Committee, the FBI, and the Obama Department of Justice against Donald Trump.

Apparently, Republicans are not smart enough to understand that to announce that you have proof that turns Russiagate away from President Trump and toward its DNC, FBI, and DOJ originators and then to sit on the information gives the Democrats and the presstitutes time to discredit the information in advance of its release.

And that is exactly what we are witnessing. For example, presstitute Greg Sargent writing in the Washington Post, a long-time CIA asset, mischaracterizes the finding of the House Intelligence Committee as the latest effort to delegitimize the Russia probe by painting it as born of partisan dirty tricks and an illegitimate abuse of power. https://www.washingtonpost.com/blogs/plum-line/wp/2018/01/23/republicans-launch-extraordinary-new-tactics-to-protect-trump-on-russia/?hpid=hp_no-name_opinion-card-f%3Ahomepage%2Fstory&utm_term=.73506281e6ba

The presstitute Sargent goes on to allege that the campaign to discredit the Russia investigation continues unabated, and the Nunes memo [the House Intelligence Committee report] is at the center of it. Sargent dismisses the report, which he has not seen, as merely a selective release of cherry-picked info that will give Republicans ammunition to shield Trump from accountability, secure in the knowledge that the full set of facts allowing us to gauge the memos accuracy will not be released.

Note presstitute Sargent and the Washington Posts assumption that Trump is guilty of some Russiagate accusation despite the absence of any evidence.

What Sargent, his editor, and the highly partisan Rep. Adam Schiff do not acknowledge is that proof that Russiagate is born of partisan dirty tricks and an illegitimate abuse of power already exists in public in the form of an official report by the FISA court. I posted it here on January 22:...

07:15

EXPLOSIVE REPORT! QAnon Exposes Deep State 16 Year Plot Against USA The Event Chronicle

QAnon reveals the Democrats 16 year plot to completely destroy the United States and bring it under the control of the New World Order. Who was involved? How were they going to implement this plan?

References:

QAnon: https://8ch.net/greatawakening/index.

Visit my website at http://AprilLaJune.com

JOIN ME ON SOCIAL MEDIA:

Gab.ai/AprilLaJune
Twitter.com/AprilLaJune
Facebook.com/AprilLaJune

07:00

Congress Quietly Pushing Bill to Require National Biometric ID for ALL Americans The Event Chronicle

Congress Quietly Pushing Bill to Require National Biometric ID for ALL Americans

07:00

Psychology vs. Praxeology Mises Wire

By: Jrg Guido Hlsmann
fortune telling

(Excerpt from chapter 17 of Mises: The Last Knight of Liberalism, pp. 76567.)

Misess exposition of economic science differed decisively from all modern authors in that it drew a sharp line between praxeology and psychology. This has remained a defining feature of the works of his disciples.

Mises did not contest that the psychological background of a person, his worldview, knowledge, conscious motivations, subconscious urges, and so on have an immediate impact on his behavior. Neither did he ignore the important psychological problems that his friend F.A. Hayek began to stress in those years, in particular, that of knowledge acquisition. Misess point was that there were also laws of human behavior that exist in complete independence of these psychological dispositions.

For example, in chapter 4, Mises discusses ends and means, scales of values, and scales of needs. He does not deal with the question of how or why people select ends and means, or how or why they have certain values and certain needs. He argues that in every human action we do use means to attain ends, and that needs and values can be ranked11 In chapter 15 (The Market) he points out that consumers are sovereign because their buying decisions steer the market.12 This is obviously true, irrespective of what consumers buy or the reason why they make these purchases. Therefore he does not deal with these questions. In chapter 16 (Prices) Mises states that the number of market participants determines how narrow the margins are within which prices are determined. Yet this implies that the number of market participants has no influence on how prices are formed. Irrespective of the number of market participants, market prices are always determined by the decisions of marginal bu...

06:51

The Duke Summer Institute for History of Economic Thought, 2018 Marginal REVOLUTION

You will find below the poster advertising the 2018 Duke Summer Institute on the History of Economics, which will run June 19-24. This years Summer Institute differs from those we have offered in the past, in that it is aimed at young scholars who wish to present their own research. Each morning the scholars named in the poster below will present and lead discussions on their own writings. In the afternoons each of the young scholars will have the opportunity to present their research, and the assembled group will workshop it. Double occupancy housing in the J. B. Duke Hotel, a fine hotel on the edge of campus, will be provided free of charge.  We will also offer limited travel support on a case by case basis. More information about the Summer Institute and instructions on how to apply (deadline for application: March 2, 2018) may be found on the Center for the History of Political Economys website under Summer Institutes. We would greatly appreciate it if you would advertise this on Marginal Revolution.

Link to Website: http://hope.econ.duke.edu/

The post The Duke Summer Institute for History of Economic Thought, 2018 appeared first on Marginal REVOLUTION.

06:50

Seoul-based COOP Taxi gives power back to drivers Shareable New Articles

Here's the problem: The taxi industry in Seoul has exploited drivers for some time. Indeed, in order to drive a taxi in South Korea, drivers are required to pay 120,000 won (approximately $105) in daily fees to 244 independent companies. This situation has been further exacerbated by the introduction of the KakaoTaxi app. Launched March 31, 2015, KakaoTaxi is a platform that connects drivers to passengers directly. While increasing efficiency, the introduction of KakaoTaxi has also accelerated competition, forcing drivers to lower prices significantly.

06:45

Las Vegas Update: Irregularities Cause Story Behind Massacre To Stink To High Heaven The Event Chronicle

Authored by Jon Hall via Free Market Shooter blog,

Months ago, I called for scrutiny amid a constantly-revolving news cycle concerning the Las Vegas massacre that occurred last October.

http://cdn3.theeventchronicle.com/wp-content/uploads/2018/01/las-vegas-update-irregularities-cause-story-behind-massacre-to-stink-to-high-heaven.jpg

The victims of the Las Vegas massacre.

64-year-old Stephen Paddock opened fire on a country music festival from the 32nd floor of the Mandalay Bay hotel, which overlooked the festival venue. Paddocks onslaught left 58 dead and 546 injured.

http://cdn.theeventchronicle.com/wp-content/uploads/2018/01/1516734531_401_las-vegas-update-irregularities-cause-story-behind-massacre-to-stink-to-high-heaven.jpg

Sadly, despite being the worst mass-shooting in U.S. history, the story has long since been abandoned by any traditional media outlets. A slow and ebbing trickle of developments have transpired despite the story dropping off of the radar

For instance, in late December, the chief of the FBIs Las Vegas office, Aaron Rouse, revealed the agency likely wouldnt brief the public concerning the massacre until their offi...

06:30

Retired Green Beret Warns The Publics Attention Is Being Diverted From What Is Really Happening The Event Chronicle

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces) via SHTFplan.com,

The Russian surveillance vessel the Viktor Leonov was reportedly leaving the Caribbean over the weekend bound toward the U.S. East Coast. Florida will be reached by next Friday, and before this, the Kings Bay ballistic missile submarine base in Georgia is also along their projected route. This comes on the heels of what has gone largely unreported by the Mainstream Media. On Friday, 1/19/18, a report from U.S. National News emerged, entitled Submarine off of NJ/DE/MD coasts? US Navy deploys NINE Anti-Submarine Aircraft off East Coast Fearing Sub Missile Launch Against US. Here is an excerpt:

The East Coast of the United States may be subjected to attack by submarine launched missile(s) and the US Navy has scrambled NUMEROUS P-8A POSEIDON anti-submarine aircraft, to repeatedly search coastal waters from New York City to Washington, DC ALL DAY Thursday into Thursday Evening.

According to flight records, at least NINE anti-submarine warfare aircraft were sortied Thursday off the US East Coast, and Flight Records show they were engaged in very active hunting for submarine(s) off the East Coast . . .. well WITHIN the 12-mile territorial limit of the United States.

This article has plenty of photos, and some with the locations of CAP (Civil Air Patrol) enlisted to aid the U.S. Navy with the shortfall in radar coverage and area surveillance. The article also gives the disposition of numerous aircraft and shows the locations of monitored Russian submarines.

While all of this has been happening, statesman Rex Tillerson just came out and declared this at Stanford University on Wed., 1/17/18, as reported by RT News:

The Japanese have had over a 100 North Korean fishing boats that have drifted into Japanese waters. Two-thirds of the people on those boats have died.  ...

06:15

Billionaires Stuck: Davos Disrupted By Massive Snowfall, Avalanche Alerts The Event Chronicle

By Zero Hedge

Its ironic that for a World Economic Forum conference which lists global warming only in the more politically acceptable phrasing of Extreme Weather Conditions as the top 1 and 2 global risks for 2018, respectively, in terms of likelihood and impact

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that this years WEF event in Davos has started off in climatic chaos, only of the global cooling variety, as over 6 feet of fresh snow disrupted the summit and smothered much of the Alps a day before the Forum gets under way.

As local reporters describe the scene, fat, damp snowflakes have been tumbling down for the past six days, burying the town in six feet of snow, three feet of it in the last two days alone. Snow was still falling fast on Monday night, and the steep, pine-dotted slopes were so heavily laden that some neighborhoods here in Davos had to be evacuated for fear of avalanches.

According to Reuters, a bulletin from the SLF Institute for Snow and Avalanche Research in Davos showed a broad band of the mountainous country under Level 5 av...

06:00

Jordan Sather: Clearing up 99 page FISA Memo / FBI / New Q: Last posts to show TRUTH The Event Chronicle

DNI FISA Report https://www.dni.gov/files/documents/i

FBI Director Chris Wray replaces James Rybicki, Comey-era chief of staff https://goo.gl/1WAasq

Sessions announces DOJ probe of missing FBI text messages http://thehill.com/policy/national-se

Twitters No. 2 Resigns to Become Chief Executive of SoFi https://goo.gl/MrVu1c

Facebook Chief Marketing Officer Resigns To Help Democratic Party Win Midterms https://goo.gl/Y4uUoD . . .

Join me for the Disclosing the Secret Space Program Webcast on January 27th. Sign up here https://www.secretspaceprogram.com/

Find me on:...

06:00

2:00PM Water Cooler 1/24/2018 naked capitalism

Today's Water Cooler: TPP to CPTPP, Democrat base, Patriots v. Eagles, chemical activity, housing, Amazon, robot cars, sugar daddies, capital

05:45

The Rise And Fall Of CNN, The Most Busted Name In News The Event Chronicle

By Jon Rappoport

CNN is still licking their wounds after a rather disastrous couple of weeks, where a shoddy Russia-Trump story led to three staffers resigning, a Project Veritas investigation exposed that the networks producers peddled the Russia story for ratings, and what came off as a wholly inappropriate veiled threat against an anonymous Reddit user who created a Trump WWE video, which the president tweeted before the Fourth of July Holiday. The video shows Trump beating up WWEs Vince McMahon, whose face has been superimposed with the CNN logo. The media went apoplectic as an attack against the press; it wasnt. This spurred the networks reporters to find the user and pretty much threaten to dox him if he continues to post things CNN doesnt like. (Townhall, Matt Vespa, 7/7/17)

If you create a giant, you gain extraordinary visibility, and if the giant develops an unsightly and grotesque case of fungal disease, thats a problem.

CNN was born in 1980. At the time, it was the first television network offering 24/7 news, and it was the first network offering nothing but news in the US.

In 1991, CNNs coverage of the Gulf War reached a billion viewers worldwide.

Today, CNN International reaches 200 countries.

Thats a giant.

But from the beginning, back in 1980, there was a major question: how was CNN going to fill up all that time every day with news? Face it, television networks, without bells and whistles, could boil down their coverage of a days events in four minutes. Thats because their analysis is so thin. Its all surface.

When you assiduously avoid looking into WHO REALLY RUNS THINGS, the well runs dry quickly. When you avoid detailing the role of mega-banks and mega-corporations and groups like the Trilateral Commission and CFR and Bilderberg, and when you never define Globalism and reveal its true agenda; when you discover nothing of value about the CIA; when you never broach the subject of American Empire; when you refuse to examine the horrendous effects of the medical system; when you fail to expo...

05:30

Congressman Says He Has Credible Evidence Terrorists Involved in Vegas Massacre The Event Chronicle

By Matt Agorist

The Vegas massacre, which is now being referred to as 1 October, has only gotten stranger as things progress. As TFTP reported on Thursday, the police have just entirely contradicted themselves and released information that there are multiple suspects in the shooting. Adding even more mystery to the already muddy waters of this tragedy, however, on Thursday, Republican lawmaker Scott Perry (R-PA) told reporter Tucker Carlson he has evidence ISIS may be involved in the deadly attack.

During the interview, Perry said that he was recently given credible evidence to suggest that Islamic State forces infiltrated the southern US border and were somehow involved in this incident.

Recently Ive been made aware of what I believe to be credible evidence regarding potential terrorist infiltration through the southern border regarding this incident Twice before the attack ISIS warned the United States they would attack Las Vegas. In June and August. And then after the attack claimed responsibility four times Somethings not adding up Im just telling you I have received what I feel to be and believe to be credible evidence of a possible terrorist nexus

As TFTP noted in October, the day after the shooting, the Islamic State immediately claimed responsibility for the violence.

 

According to the Independent:

A statement published by the groups Amaq propaganda agency claimed the attacker was a soldier of the Islamic State.

The Las Vegas attacker is a soldier...

05:30

Minecraft and Crusoe Economics Mises Wire

By: Chris Calton
minecraft.PNG

Austrian economists often employ the pedagogy called Crusoe economics to illustrate the foundational principles of economic theory. Robinson Crusoe is alone on an island. He has nothing but his own body at his disposal, and he needs to find food and construct a shelter to survive. So what does he do?

He starts punching trees, of course!

Okay, Robinson Crusoe doesnt punch trees  that would be a recipe for bloody knuckles and wasted time. But in the game Minecraft, in which players are plopped into a world in a very Crusoean situation, punching trees is how they obtain the initial materials they need to start constructing a shelter and tools.

But while Minecraft may not accurately illustrate real-world physics and biology, it does illustrate many (not all) of the foundational principles of economics. Before we can consume, we have to mix our labor with nature. In the world of Minecraft, this is done by punching trees to obtain wood. Wood, then, serves as a factor of production; throw a few blocks of wood together, and you get a crafting table a higher-order production good which allows you to craft lower-order goods like shovels, swords, and pickaxes.

Murray Rothbard wasnt writing about crafting tables and pickaxes in Man, Economy, and State. He was writing about berry picking and fishing poles. But the principles are apparent in both worlds. To acquire fish, Rothbard writes, Robinson Crusoe must have a pole or net, to acquire shelter he must have logs of wood ... and an axe to cut the wood.

Fish and shelter are among the basic consumer goods one might seek in Minecraft, and the player has to spend labor (well, virtual labor) to craft production goods like the fishing pole or the wood blocks and doors for the shelter and an axe is certainly handy for cutting down future production time for players who make the initial investment in crafting one.

The stages of a production process play out in Minecraft, as well. Rothbard writes that any process ... of production may be analyzed as occurring in different stages. In the earlier or higher stages, producers goods must be produced that will later cooperate in producing other producers goods that will finally co-operate in producing the desired consumers good.

If a player wants to craft a fishing rod, punching trees is simply the first stage of production. Next, they most creat...

05:01

Alternative Money University TheMoneyIllusion

Im pleased to announce that Ill be teaching in a four day program called Alternative Money University, organized by George Selgin. The program will take place July 15-18 at the Cato Institute in Washington DC, and George provides some information about registering in his blog:

Students in or entering their last year of undergraduate or beginning years of graduate studies are invited to apply. Successful applicants will be chosen on the basis of their academic records and demonstrated interest in monetary economics.

Those chosen to take part will attend, free of charge (with hotel and travel expenses covered by the Cato Institute), several thought-provoking academic seminars led by top scholars in the field. This years seminars will include:

The Evolution of Money and Banks, taught by George Selgin, the director of Catos Center for Monetary and Financial Alternative and professor emeritus of economics at the University of Georgia.

The Economics of Commodity Money (and Bitcoin), taught by Lawrence H. White, professor of economics at George Mason University and senior fellow at the Cato Institute.

The Role of Monetary Policy in the Great Recession, taught by David Beckworth, senior research fellow in the Program on Monetary Policy at the Mercatus Center at George Mason University and host of the Macro Musings podcast.

Monetary Rules vs. Discretion, taught by, Scott Sumner, Ralph G. Hawtrey Chair of Monetary Policy and director of the Program on Monetary Policy at the Mercatus Center at George Mason University, and professor emeritus at Bentley University.

If you wish to apply, or to learn more about the program, visit www.cato.org/amu. Applications are open until January 31, 2018.

St. Louis Fed President James Bullard will be providing a keynote address at the beginning of the event.

Im not sure about the logistics of doing this, but Id like to use the unpublished manuscript for my new book as a teaching resource. This book will be called The Money Illusion: Market Monetarism and the Great Recession, and will be based on my last 9 years of blogging. If Im able to do so, then students in my course would be the first to use this book in a class.

Im really looking forward to this project. Ive never actually taught a course where most of the students wanted to be therewhere most of the students actually want to learn the material. So it will be a new experience for me.

...

04:54

Non-partisan group organizes meetings to find solutions to local problems Grassroots Economic Organizing

RONAN People gathered to learn how to bring individuals with different points of view together on Tuesday evening in an effort to create positive outcomes for the community.

Mission Valley Rises: Democracy Engaged! hosted the event at the Ronan Senior Citizen Center. The group is centered on the idea that solutions to problems can be found if people with differing and similar opinions come together to find common goals.

We are a local, non-partisan, community-led group, committed to exploring issues that affect the lives of our community, the group notes. We believe that active listening and civil dialogue will bring us together to solve the problems that face us all.     

Member Gail Trenfield said people can have different opinions, but letting those ideas divide the community isnt productive. We cant stand as a divided community, she said. 

Read the rest at the Valley Journal

 

Go to the GEO front page

04:06

Jims Mailbox Jim Sinclair's Mineset

CIGA Carlos asks some curious questions regarding Russian LNG being sold in Boston Mass? Bill Good Morning Bill/Jim: The LNG Tanker ship GASELYS and its voyage to Boston. It all starts with the first shipment of LNG from the Russian Yamal LNG Arctic terminal on of the worlds only ice breaker LNG tanker ship Christophe... Read more

The post Jims Mailbox appeared first on Jim Sinclair's Mineset.

04:00

Trump: Dangerously Ignorant About Syria Or Is He A Patriot Of Treason? Political Vel Craft

A False Good Guy & True Bad Guy Script Trump Believes U.S. Was Invited To Syria And U.S. Bombing Syrian Army Days After Kerry Armistice Was Russias Fault. The US presidential candidate from the Republican [zionist] party Donald Trump claimed that Russia had broken cooperation agreements which had been reached with the US on the []

03:20

Daily Digest 1/24 - Global Financial System Showing Danger Signs, 'We Loot Or We Die Of Hunger' Peak Prosperity

Daily Digest 1/24 - Global Financial System Showing Danger Signs, 'We Loot Or We Die Of Hunger'
  • Credit card defaults on the rise, and Chicago is worst, as holiday bills come due
  • Illinois budget impasse cost state $1 billion in late payment penalties
  • Bank bad loan woes require long-term solutions: France's Le Maire
  • Welcome to the New Reality of Leaping U.S. Treasury Debt Sales
  • 'We loot or we die of hunger': food shortages fuel unrest in Venezuela
  • 'Perfect storm': Global financial system showing danger signs, says senior OECD economist
  • Japan's central bank keeps policy unchanged, talks down prospect of near-term stimulus end
  • Largest Oil Consumers Not In A Rush To Hedge Crude
  • Capitalism, Wealth Inequality and Systemic Plunder

Join the conversation

03:06

Ant Financial and the Greening of Fintech Pacific Money The Diplomat

Ant Forest is the worlds first, largescale, bottom-up pilot in greening citizens consumption behavior.

03:05

In The News Today Jim Sinclair's Mineset

Bill Holters Commentary Crazy glue would have worked? We used it back in the day to close up cuts from High school/college hockey. It was way cheaper and much faster than stitchesno joke! A Mystery Man Helped Tom Brady Find A Secret Weapon For The Cut On His Passing Hand January 23, 2018 Was it... Read more

The post In The News Today appeared first on Jim Sinclair's Mineset.

02:59

A Modest Plan The Automatic Earth

Rembrandt van Rijn The Storm on the Sea of Galilee 1633 On March 18, 1990, the painting was stolen by thieves disguised as police officers. They broke into the Isabella Stewart Gardener Museum in Boston, MA, and stole this painting, along with 12 other works. The paintings have never been recovered, and it is considered

The post A Modest Plan appeared first on The Automatic Earth.

02:30

Before Roe v. Wade, Abortion Had Always Been a State and Local Matter Mises Wire

By: Ryan McMaken
abortion.PNG

In recent decades, anti-abortion advocates have increasingly claimed that the US Constitution provides protections to babies in utero via the 14th Amendment. That is, the Amendment would guarantee that no state may "deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws."

This argument was used by the state of Texas which claimed in the case of Roe v. Wade that the fetus is a person within the language and meaning of the Fourteenth Amendment.

The Supreme Court rejected this claim, but not on the grounds that the 14th Amendment did not potentially apply. The court simply denied that a fetus is a person. Furthermore, the court admitted that if personhood were legally established in this case, then the 14th Amendment indeed would apply. 

Consequently, anti-abortion activists have focused on establishing the personhood of humans in utero and of asserting that the 14th Amendment ought to apply even without an explicit declaration of personhood. Both Mike Huckabee and Ted Cruz both repeated this view during the 2016 presidential primary season.

Some commentators have even gone so far as to suggest that babies in utero enjoyed Constitutional protections at some point in the past, as was the case with Michael New in National Review when he reported on a 2012 presidential primary debate: 

During the [Palmetto Freedom Forum on September 5, 2011], Princeton professor Robert P. George asked all five candidates whether they would support legislation, under Section Five of the 14th Amendment, that would restore legal protection for unborn children.

It's unclear as to how closely New is quoting George here. But, the use of the phrase "restore legal protection" is problematic because babies in utero did not enjoy legal protections under the Constitution before Roe v. Wade, and one cannot restore that which never existed. Certainly, one can plausibly claim that these babies have always enjoyed rights in the moral sense. It's also entirely possible that some state constitutions explicitly addressed the matter. And we know many state statutes did. But in the legal sens...

02:15

Filibuster in Cuba, Part 2 Mises Wire

By: Chris Calton
Historical Controversies Podcast: Season 2

After Narciso Lpezs first attempt at overthrowing Spanish rule in Cuba, he found more support from American southerners and returned for a second try. Although he would fail, the idea of expanding slavery into new territories was now in the minds of a number of southern expansionists.



02:11

Concordia University's discussion series brings Montreal residents together for shared learning Shareable New Articles

No exams, no endless lectures, no ivory towers, and certainly no tuition fees the University of the Streets Caf discussion series is far from your typical university experience. Montreal's Concordia University has been bringing the city's biggest debates into the city's neighborhoods for more than a decade.

University of the Streets Caf is a series of free and open public discussions, held regularly during the academic year. Discussion topics cover a sweeping range of political, ethical, and practical issues.

02:00

US Dollar Conspiracy Theories Are All the Rage Again Financial Sense

By Mises Institute China and Russia have switched to domestic currencies in trading using financial tools as swaps and forwards, seeking to reduce the influence of the US dollar and foreign exchange risks. Will these measures dethrone the US dollar as king of currencies?

01:55

01:37

Ron Paul: Repeal The 1913 Rothschild Federal Reserve: The Hidden Treasonists! Political Vel Craft

The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate. The House of Morgan ~ Rothschild []

01:31

The Abandonment of the Working Class PaulCraigRoberts.org

The Abandonment of the Working Class

Paul Craig Roberts

One of the great tragedies of our time is the abandonment of the working class by the white liberal/progressive/left. No longer is the victim group the working class and the victimizers Wall Street, the big banks and the capitalists. Today the victimizer is the white working class, and the victim group is everyone else. Somehow the working class, whose incomes and opportunities have been shrinking for three decades, a class that owns no politicians and has been abandoned even by the Democratic Party, is the powerful exploiter that has pushed aside the billionaires and rule America in their place. How likely is it that the down and out working class, branded by Hillary Clinton the Trump deplorables are the rulers of America?

The capitalists use their power to maximize their income and wealth, but in Identity Politics the white male simply uses his power to engage in racism, sexism, and homophobia. Moreover, unlike the victim groupshomosexuals, preferred minorities, and womenthe white male is not protected by quotas, political correctness, and hate crimes. A white male can be called every name in the book, but one word considered hurtful or threatening to a member of a victim group and off goes the powerful white male to sensitivity training or to the ranks of the unemployed. If truth were possible, clearly it is the white heterosexual males who comprise the victim group.

But like all ideologies, Identity Politics is blind to facts. The ideology is not truth-based. Identity Politics is based in Jewish cultural Marxism, which was designed to break up goy society, and it has done a good job.

Identity Politics has far-reaching ability to distort understanding. For example, one positive result of Donald Trumps election as President is the revitalization of national wildlife and environmental organizations. The dependency of these organizations on corporate grants and, thereby, on corporate executives as members of their boards, has diminished their fighting spirit. Trumps all-out assault on the environmenteven national monuments and Floridas protected coastal watersis reviving it.

The environmental and wildlife organizations magazines are becoming more combative, a good thing. For example, in the current issue of Sierra, there is an article, Fools Gold, by Sophia Jones. The article is about the seizure by the Colorado mining giant Newmont of small farms in Ghana in order to expand its mining operations.

Somehow the US mining company, possibly by the paying of bribes, secured permission from the government of Ghana, or whomever the government of Ghana represents, to allow the mining company to evict citizens of Ghana off of their land at minimal cost to Newmont. Sophia Jones writes that Yaa Konadu was moved off her land, where she and family members were self-sufficient, for a Newmont payment of a measly $343.

T...

01:10

Fight for the Future statement on AT&Ts misleading ads: If AT&T wants Internet users to have rights, they should stop lobbying against them. Fight for the Future

This morning AT&T is touting full page ads in multiple papers claiming (as they have in the past) that they support net neutrality and calling on Congress to pass legislation. This is a cynical attempt at misinformation and zero real net neutrality supporters are fooled by this.

AT&Ts announcement also comes off as a bit of a joke at this moment, given that their lobbyists are shocked by the momentum of the Congressional Review Act resolutions to outright block the FCCs repeal. The measure only needs one more vote to pass the Senate and has already attracted more than 110 co-sponsors in the House.

Evan Greer, campaign director of Fight for the Future (pronouns: she/her), issued the following statement about the ads: 

We had an Internet bill of rights. It was called Title II and AT&Ts army of lobbyists did everything in their power to burn it down.

It would be a lot easier to take AT&T at their word if they hadnt spent more than $16 million last year alone lobbying to kill net neutrality and privacy protections for Internet users. Internet activists have been warning for months that the big ISPs plan has always been to gut the rules at the FCC and then use the crisis they created to ram through bad legislation in the name of 'saving net neutrality.

Thats the tale theyre attempting to spin with this latest announcement, but it comes off as a bit pathetic at this moment, to be honest. The FCCs repeal of net neutrality sparked such a massive backlash from across the political spectrum that lawmakers in Congress have read the writing on the wall and know that the only viable legislation on the table is the Congressional Review Act (CRA) resolutions to cleanly reverse the FCCs deeply unpopular decision, which are gaining momentum in the House, and more notably the Senate where we are one vote away from a major victory for the open Internet.

If AT&T wants Internet users to have rights, they should stop lobbying against them.

Wednesday, 24 January

19:00

No Price Tags: These Neighbors Built Their Own Economy Without Money NEW ECONOMY

Time-banking is a model for trading skills, goods, and labor instead of money. There are close to 500 such banks across the country.

New Medicaid Rules Could Cost the Government More in the Long Run NEW ECONOMY

Without access to routine care, those who lose coverage will make more expensive trips to emergency rooms.

09:00

Fed Nominee Marvin Goodfriend Lied to the Senate about Taxing Cash Mises Wire

By: Tho Bishop
Goodfriend1.png

The government shutdown wasnt long enough to delay the nomination hearing for an economist who could be considered to be one of the worst Fed nominees of all time. While most of the headlines generated from Marvin Goodfriends testimony before the Senate today focused on the grilling he received from Senate Dems, there is one curious part of his testimony that has been largely overlooked: he flat out lied about his past support for taxing cash.

Unfortunately this issue that would directly impact every single American wasnt brought up until well over an hour into this testimony. It was then that Nevada Senator Catherine Cortez Masto asked Mr. Goodfriend about his past advocacy on taxing currency and whether he would support such a policy today.

After assuring Senator Cortez Masto that he wouldnt, he went on to say:

I wrote a paper in 1999 for a Federal Reserve System conference which asked what would happen if interest rates went to zero, and what could the Federal Reserve do. I didn't propose that, that was an academic paper showing what could be done.It was not a proposal. It was an emergency matter we considered as a matter of thinking about these things before anyone ever imagined anything could happen like that.

This is simply false.

While it is true that that Mr. Goodfriend authored a paper for the Federal Reserve in 1999 titled, Overcoming the Zero Bound on Interest Rate Policy, this was not the last time he has written on the subject. In 2016, he spoke at the Federal Reserves Jackson Hole conference at a symposium on Designing Resilient Monetary Policy Frameworks for the Future.

In that paper, he describes the global low interest rate environment and argues that it is important for central banks to be able to be unencumbered in a pursuit for negative interest rates should they be necessary in the face of another financial crisis. He goes on to state:

The zero interest bound is an encumbrance on monetary policy to be removed, much as the gold standard and the fixed foreign exchange rate encumbrances were removed in the 20th century.

After...

03:28

Wheaton Precious Metals SPECIAL: 2018 Gold & Silver New HIGHS! Future Money Trends

Haytham Hodaly of Wheaton Precious Metals joins us to give us an overview of the Gold and Silver markets for 2018 and the roadmap of Wheaton Precious Metals. We also discuss the return of institutional money in the Gold markets and go over industrial metals.

TOPICS IN THIS INTERVIEW:
00:45 Expectations for Gold in 2018
03:15 What is Wheaton Precious Metals roadmap for 2018?
07:15 Institutional capital re-entering the Gold markets

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