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Sunday, 27 August

00:57

Finally, the Eclipse Shadow Caught, 1766 b The Still Report

- Life Change Tea: Rid Your Body From Toxins! https://www.GetTheTea.com Good afternoon, Im still reporting on: Finally, the Eclipse Shadow Caught, 1766 b Synopsis: My first total eclipse of the sun was on March 7, 1970. The moons shadow barely skimmed the east coast of the United States. I drove down to Elizabeth City, NC to view it. The 1970 eclipse brought 3 mins 28 sec., of totality a full 60 seconds more than last Mondays eclipse. That made the 1970 eclipse a much darker shadow then the recent one. Why? Because the suns diameter is exactly 400 times that of the moons. Therefore, the closer the moon is to the earth, the bigger its shadow. Thats why you heard people say, I thought it would be darker than it was. Well, the good news is that the next total solar eclipse to hit the US will be on April 8, 2024 6-and-one-half years from now. Instead of 2 mins 28 seconds of totality, it will feature 4 mins 28 sec. of totality. That will be a really dark eclipse. For this last eclipse, the main thing I wanted to try to capture was the speed at which the moons shadow moves. For the 1970 eclipse, I was up high enough to see it coming across the flatlands. For this eclipse, thats why I tried to get up on a mountain to get that far view. So when we had to abandon that location due to a massive cloud, I was really disappointed. What I didnt realize was that I accidentally captured it with my GoPro camera and didnt realize it until last night. So this sequence, is sped up 4 times. It runs from 2 minutes before totality, until 1 minute after. Ive sped it up 4 times, so the entire sequence only lasts 82 seconds. Now, look at the distant clouds low on the horizon. Notice that in about 5 seconds from here they suddenly turn from white to dark. Thats the shadow racing our way at 1400 miles per hour. In a few more seconds it hits the low cloud deck directly overhead. In the first seconds of totality, you can see the suns corona peeking through a hole in the clouds. 35 seconds later, you see the shadow retreating across the cloud deck and just before it hits, you see the suns corona peeking through a final hole in the clouds. Support Our Sponsors: - Life Change Tea: Rid Your Body From Toxins! https://www.GetTheTea.com - Nobel Gold & Silver: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 888-596-7916 - Water Smacker - Makes your water less acidic by ionization. https://www.watersmacker.com - Jeevy Computers: Move up to business-level cyber protection. https://www.jeevycomputers.com/pcs/ - Jeevy Computers: Buy/Sell Bitcoin & other Cryptos: 888-844-7806 - Learn How To Generate Passive Income Using Bitcoins At: https://www.TradeGeniusAcademy.com - Denas Pain Relief Store: http://denaspainreliefstore.com/denas-pcm-6.html 503.395.4142 Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 bo...

00:45

My Take on Joe Rogan Redo (Video) The Daily Coin

My Take on Joe Rogan Redo Video Peter Schiff Video Source

The post My Take on Joe Rogan Redo (Video) appeared first on The Daily Coin.

00:25

Andrew Maguire Remarkable Audio Interview Now Released But Take A Quick Look At This The Daily Coin

Andrew Maguire Remarkable Audio Interview Now Released But Take A Quick Look At This from King World News London whistleblower and metals trader Andrew Maguires remarkable audio interview has now been released, but take a quick look at this Unusual...

The post Andrew Maguire Remarkable Audio Interview Now Released But Take A Quick Look At This appeared first on The Daily Coin.

00:05

Conspiracy Theory The Daily Coin

Conspiracy Theory Paul Craig Roberts In the United States conspiracy theory is the name given to explanations that differ from those that serve the ruling oligarchy, the establishment or whatever we want to call those who set and control the...

The post Conspiracy Theory appeared first on The Daily Coin.

00:00

MIB: Steven Clifford on CEO Pay Machine The Big Picture

Steven Clifford has been a CEO at King Broadcasting Company for five years and National Mobile Television for nine years; He has been a director of thirteen companies and has chaired the compensation committee for both public and private companies. That makes it surprising that he is the author of The CEO Pay Machine: How

Read More

The post MIB: Steven Clifford on CEO Pay Machine appeared first on The Big Picture.

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Saturday, 26 August

23:45

Rothschild Sold Massive Amounts of U.S. Assets and Heres EXACTLY What He Bought! (Video) The Daily Coin

Rothschild Sold Massive Amounts of U.S. Assets and Heres EXACTLY What He Bought! Video The Money GPS Video Source

The post Rothschild Sold Massive Amounts of U.S. Assets and Heres EXACTLY What He Bought! (Video) appeared first on The Daily Coin.

23:25

Metals Flirt with Breakout; New Electronic Money Crackdowns (Podcast) The Daily Coin

Metals Flirt with Breakout; New Electronic Money Crackdowns Podcast Money Metals Coming up later in todays program weve got a fantastic interview with MoneyMetals.com columnist Guy Christopher. Guy shares some helpful tips on how to talk to your family...

The post Metals Flirt with Breakout; New Electronic Money Crackdowns (Podcast) appeared first on The Daily Coin.

23:05

Max Keiser & Wolf Richter: Never-ending Trump Surge in The Markets (Video) The Daily Coin

Max Keiser & Wolf Richter: Never-ending Trump Surge in The Markets Video RT In this episode of the Keiser Report Max and Stacy discuss Democrats not looking forward to Hillarys blame everyone but herself book tour. In the second...

The post Max Keiser & Wolf Richter: Never-ending Trump Surge in The Markets (Video) appeared first on The Daily Coin.

22:45

All sheeple citizens who want to receive government benefits must agree to be microchipped in the near future The Daily Coin

All sheeple citizens who want to receive government benefits must agree to be microchipped in the near future by: Jayson Veley  Natural News Late last month, it was reported that a Wisconsin company called Three Square Market was planning on surgically...

The post All sheeple citizens who want to receive government benefits must agree to be microchipped in the near future appeared first on The Daily Coin.

22:15

Craig Hemke & Eric Sprott Sprott Weekly Update 082517 (Podcast) The Daily Coin

Craig Hemke & Eric Sprott

Craig Hemke & Eric Sprott Sprott Weekly Update 082517 Podcast Sprott Money Hear Eric Sprott discuss the ongoing political turmoil in the U.S. and how this will continue to impact gold and silver prices.

The post Craig Hemke & Eric Sprott Sprott Weekly Update 082517 (Podcast) appeared first on The Daily Coin.

21:44

Gerald Celente Trump Cant Shut-up, Market Concerns Mount The Daily Coin

Gerald Celente Trump Cant Shut-up, Market Concerns Mount from Trends Journal Video Source

The post Gerald Celente Trump Cant Shut-up, Market Concerns Mount appeared first on The Daily Coin.

21:30

10 Weekend Reads The Big Picture

The weekend is here! Pour yourself a mug of Sumatra  coffee, grab a seat on the beach, and get ready for our longer form weekend reads:  Welcome to Paradise, Batteries Now Included: The power grid of the future will require sunny skies above and energy storage below. Thanks to Tesla, Kauai has both. (Grist) Gary Cohn on tax

Read More

The post 10 Weekend Reads appeared first on The Big Picture.

21:15

Negative interest rates have come to America The Daily Coin

Negative interest rates have come to America by Simon Black Sovereign Man One of the truly mind-boggling absurdities in modern finance has been the creation of negative interest rates around the world. Negative interest rates are particularly prominent in...

The post Negative interest rates have come to America appeared first on The Daily Coin.

21:06

NC Classic: The Tinkerbell Market naked capitalism

A classic from our market commentary in the runup to the financial crisis.

20:45

Gold is Getting Alot of Attention for a Barbarous Relic! Whats Really Going On With Gold? (Video) The Daily Coin

Gold is Getting Alot of Attention for a Barbarous Relic! Whats Really Going On With Gold? Video Silver Report Gold is Getting a lot of attention. Germany repatriated their gold 3 years early and a trip to fort knox....

The post Gold is Getting Alot of Attention for a Barbarous Relic! Whats Really Going On With Gold? (Video) appeared first on The Daily Coin.

20:15

WATCH: BRAVE CONGRESSMAN EXPLAINS HOW US KEEPS AFGHAN HEROIN TRADE ALIVE AT YOUR EXPENSE The Daily Coin

WATCH: BRAVE CONGRESSMAN EXPLAINS HOW US KEEPS AFGHAN HEROIN TRADE ALIVE AT YOUR EXPENSE by MATT AGORIST The Daily Sheeple This week, President Donald Trump, just like his predecessor Obama, promised to continue the utterly corrupt failure of a brutal...

The post WATCH: BRAVE CONGRESSMAN EXPLAINS HOW US KEEPS AFGHAN HEROIN TRADE ALIVE AT YOUR EXPENSE appeared first on The Daily Coin.

20:14

Data Scientist Cathy ONeil: Algorithms Are Opinions Embedded in Code naked capitalism

On the real and present dangers of rule by algorithm, or as Lambert has called it, "code as law".

19:45

Gold performance has now moved ahead of stocks for the year The Daily Coin

Gold performance has now moved ahead of stocks for the year by Ken Schortgen, Jr. The Daily Economist In a repeat from the better part of 2016, gold has now out performed stocks for the year as more and more...

The post Gold performance has now moved ahead of stocks for the year appeared first on The Daily Coin.

19:15

Syria Is Slipping Through The Cabals Fingers (Video) The Daily Coin

Syria Is Slipping Through The Cabals Fingers Video X22 Report Trump signs Venezuelan sanctions.US taxpayers spent $50 million for luxury items in Afghanistan. Russia is ready and prepared to discuss business opportunities in Lebanon. Russia and Syria create a...

The post Syria Is Slipping Through The Cabals Fingers (Video) appeared first on The Daily Coin.

18:45

U.S. Situation Dire: New Silk Road Is the Way Up and Out! The Daily Coin

U.S. Situation Dire: New Silk Road Is the Way Up and Out! by Harley Schlanger Rogue Money Washington Times: Hack of DNC Theory Losing Ground to VIPS Aug. 22, 2017 (EIRNS)The authoritative theory that it was a Russian hack...

The post U.S. Situation Dire: New Silk Road Is the Way Up and Out! appeared first on The Daily Coin.

18:15

C-SPAN interviews James OKeefe about his book Breakthrough (Video) The Daily Coin

C-SPAN interviews James OKeefe about his book Breakthrough Video Veritas Visuals At FreedomFest on July 20, 2017, C-SPAN interviewed James OKeefe about his 2014 book entitled Breakthrough: Our Guerilla War to Expose Fraud and Save Democracy. Video Source

The post C-SPAN interviews James OKeefe about his book Breakthrough (Video) appeared first on The Daily Coin.

18:10

Debt Rattle August 26 2017 The Automatic Earth

Vincent van Gogh Self-Portrait with Straw Hat Aug-Sep 1887   Draghi Warns Of Serious Risk To Global Economy From Rising Protectionism (CNBC) Yellen and Draghi Both Defend Post-Crisis Financial Regulation (BBG) Central Banks Pursuit Of Inflation Has Turned Sisyphean (CNBC) IMF: We See A Broad-Based Global Recovery (CNBC) Rickards: September

The post Debt Rattle August 26 2017 appeared first on The Automatic Earth.

17:30

Western media silent as Russia successfully wiping out ISIS in Syria Hang The Bankers

The Russian air force has destroyed 20 vehicles and hundreds of ISIS fighters on their way to Deir ez-Zor in Syria, the Russian defence ministry has claimed. The strike destroyed 20 SUVs armed with large-calibre weapons and a number of armoured vehicles, including tanks. A statement from the Russian defence ministry said: The Russian Air

16:44

That was then, this is now churchyard burial edition Marginal REVOLUTION

Although all church fees were wrong, argued Francis Sadler in a much-reprinted 1738 tract, selling one part of the churchyard for three times the price of another to keep Rich and Poor asunder as if there were a difference in their dust was especially ridiculous.

Within the courtyard, the chancel was a better address than the center aisle, which was, in turn, preferred to the side aisles.  And lead coffins cost ten times more than coffins of wood.

That is from the excellent The Work of the Dead: A Cultural History of Mortal Remains, by Thomas Laqueur.  Here is a truly splendid Marina Warner review of the book.

The post That was then, this is now churchyard burial edition appeared first on Marginal REVOLUTION.

16:43

I was an Exxon-funded climate scientist Eco-Business

Do the ends justify the means? A former Exxon-funded climate scientist, Katharine Hayhoe, discusses the moral dilemma of using tainted money to conduct research, and what it means for scientists and academics.

15:45

21,256 Paper Gold Contracts in One Minute The Daily Coin

21,256 Paper Gold Contracts in One Minute by Rory The Daily Coin This has been a strange week for gold and on Friday silver joined the strange party. The week started with a surprise visit to Fort Knox by...

The post 21,256 Paper Gold Contracts in One Minute appeared first on The Daily Coin.

14:40

What Ive been reading Marginal REVOLUTION

1. Karl Ove Knausgaard, Autumn.  While this volume of very short essays does reflect a literary sensibility, I didnt find it fun or insightful to read.  By the way, Vomit is usually yellowish and can range from pale yellow to yellowish-brown, with certain areas of quite different colours, like red or green.  So I suppose the Knausgaard canon really is just the first two volumes of My Struggle.

2. Alex Millmow, A History of Australasian Economic Thought.  A very good introduction, New Zealand too.  There is no problem filling a book with substance on this topic, in fact it left me wanting more.

3. Robert B. Ekelund, Jr., John D. Jackson, and Robert D. Tollison, The Economics of American Art: Issues, Artists, and Market Institutions.  A useful overview and survey of the role of economics in the development of art markets in American history.

4. Cynthia Estlund, A New Deal for Chinas Workers? The best book I know on labor unions and labor policy in China: It surprises many Westerners to learn that the labor standards established by Chinese law on the books, apart from actual wage levels, track modern Western (especially European) labor standards rather closely in many respectsProfessor Gallagher has described Chinas labor standards regime as one of high standards-low enforcement.

5. Beowulf, translated by Stephen Mitchell.  I cannot judge veracity, but to read this is in the top tier of Beowulf renderings to date.  The Old English is presented on the opposing page, this book I will keep.

6. Orhan Pamuk, The Red-Haired Woman.  Eh. Contrived.

Arrived in my pile are:

R...

14:20

Jim Rickards: Nobody Talks About It, But Our Whole System Is Based on Gold The Daily Coin

Jim Rickards: Nobody Talks About It, But Our Whole System Is Based on Gold from Schiff Gold TDC Note If you listened to the in-depth interview we recently conducted with Alasdair Macleod you already know this. Alasdair did a...

The post Jim Rickards: Nobody Talks About It, But Our Whole System Is Based on Gold appeared first on The Daily Coin.

14:00

Its Starting To Look Like The Central Banks Are Nationalizing The Economy (Video) The Daily Coin

Its Starting To Look Like The Central Banks Are Nationalizing The Economy Video X22 Report The UK housing bubble is bursting. The younger generation is starting to realize that college doesnt pay off. Sears is imploding at a very...

The post Its Starting To Look Like The Central Banks Are Nationalizing The Economy (Video) appeared first on The Daily Coin.

13:40

Calling Mitch McConnells Debt Ceiling Bluff The Daily Coin

Calling Mitch McConnells Debt Ceiling Bluff Author MN Gordon  Acting-Man Sotto Voce Declarations Senate Majority Leader Mitch McConnell woke up on the wrong side of the bed on Monday.  Who could blame him?  His summer vacations been ruined.  President Trumps been...

The post Calling Mitch McConnells Debt Ceiling Bluff appeared first on The Daily Coin.

13:30

Why Decentralized Militias Matter Mises Wire

By: Chris Calton
militia.PNG

In 1852, Abraham Lincoln gave a speech in Springfield, Illinois in which he talked about the attempts at required militia training. He described how much of a joke the citizens made of any attempt at mandatory militia training. No man, Lincoln said, citing the rules, is to wear more than five pounds of cod-fish for epaulets, or more than thirty yards of bologna sausages for a sash; and no two men are to dress alike, and if any two should dress alike the one that dresses most alike is to be fined. He also described the militia figure of our friend Gordon Abrams at a militia training, on horse-back . . . with a pine wood sword, about nine feet long, and a paste-board cocked hat, from front to rear about the length of an ox yoke, and very much the shape of one turned bottom upwards."1

Lincoln was attempting to ridicule the dismissive attitudes of his fellow Illinoisans toward compulsory militia training. The conventional wisdom in military theory is that, for effective defense, the military must be centralized and continually maintained in the form of a compulsory standing army. Even from supposed small government advocates, this notion is never contested. However, the evidence from the time suggests that had it not been for the decentralized and voluntary militia system, Lincoln himself may have had significantly more trouble at the beginning of the Civil War.

RELATED:  "The American Militia and the Origin of Conscription:  A Reassessement" by Jeffrey Rogers Hummel  

During the Jacksonian era, the militia system in the states shifted largely from a compulsory to a voluntary system. Because of this, the Mexican War was first war fought by the United States that did not require a draft (the Civil War drafts are often cited as the first cases of conscription in the United States, but this ignores conscription administered by the states that took place during the Revolutionary War and War of 1812). During the Mexican War, roughly 50,000 troops were raised, all of whom enlisted without any compulsory measures.

When Lincoln started to mobilize troops against the Confederate States, he called 75,000 men. Not only was this number larger than that of the Mexican...

Week in Review: August 26, 2017 Mises Wire

By: Mises Institute
Week in Review image

On Monday, President Donald Trump decided to go against his own "instincts" and committed to a renewed military surge in Afghanistan. Already Congress commits to spending more in year 16 of the conflict than any European nation spends on their entire military, aided by a Federal Reserve prepared to monetize ever growing debt. Of course, Trump's shift isn't surprising. As Ryan McMaken noted this week, it makes political sense for an increasingly isolated president to try to consolidate support behind military action. Unfortunately, it's still bad economics.

To dive deeper into Trump's foreign policy shift, Daniel McAdams joins Jeff on Mises Weekends. The costs of our wars in Iraq, Afghanistan, and Syria human and economic keep piling up. How do such deeply unpopular wars go on so long? Why do sensible notions of peace and non-intervention fail to gain a foothold in Congress or the White House? How does the War Party in DC play both sides? And how do they silence anti-war voices like Tulsi Gabbard?

And in case you missed them, here are this weeks Mises Wire and FedWatch articles, covering a wide array of topics:

13:20

Buckle Up, Here Comes the REAL Price Action Weve Been Waiting For The Daily Coin

Buckle Up, Here Comes the REAL Price Action Weve Been Waiting For by Graham Summers Gains Pains Capital As we noted yesterday, every stock market correction follows a particular pattern. That pattern is: 1)   The initial decline 2)   The...

The post Buckle Up, Here Comes the REAL Price Action Weve Been Waiting For appeared first on The Daily Coin.

13:15

What Is the Liquidity Trap? Mises Wire

By: Frank Shostak
liquidity.PNG

Some economists such as a Nobel Laureate Paul Krugman are of the view that if the US were to fall into liquidity trap the US central bank should aggressively pump money and aggressively lower interest rates in order to lift the rate of inflation. This Krugman holds will pull the economy from the liquidity trap and will set the platform for an economic prosperity. In his New York Times article of January 11, 2012, he wrote,

If nothing else, we've learned that the liquidity trap is neither a figment of our imaginations nor something that only happens in Japan; it's a very real threat, and if and when it ends we should nonetheless be guarding against its return which means that there's a very strong case both for a higher inflation target, and for aggressive policy ...(of the central bank).

But does it make sense that by means of more inflation the US economy could be pulled out of the liquidity trap?

The Origin of the Liquidity-Trap Concept

In the popular framework of thinking that originates from the writings of John Maynard Keynes, economic activity presented in terms of a circular flow of money. Spending by one individual becomes part of the earnings of another individual, and spending by another individual becomes part of the first individual's earnings.

Recessions, according to Keynes, are a response to the fact that consumers for some psychological reasons have decided to cut down on their expenditure and raise their savings.

For instance, if for some reason people have become less confident about the future, they will cut back on their outlays and hoard more money. Therefore, once an individual spends less, this worsens the situation of some other individual, who in turn also cuts his spending.

A vicious circle sets in: the decline in people's confidence causes them to spend less and to hoard more money, and this lowers economic activity further, thereby causing people to hoard more, etc.

Following this logic, in order to prevent a recession from getting out of hand, the central bank must lift the money supply and aggressively lower interest rates.

Once consumers have more money in their pockets, their confidence will increase, and they will start spending again, thereby re-establishing the circular flow of money, so it is held.

In his writings, however, Keynes suggested that a situation could emerge when an aggressive lowering of interest rates by the central bank would bring rates to a level from which they would not fall further.

This, according to Keynes, could occur because people might adopt a view that interest rates have b...

13:00

Google CAUGHT Recording Your Private Conversations! What You Need To Know! (Video) The Daily Coin

Google CAUGHT Recording Your Private Conversations! What You Need To Know! Video WAM Josh Sigurdson reports on the recent uncovering of evidence that shows Google is recording your private conversations and storing them. The tech giant is using...

The post Google CAUGHT Recording Your Private Conversations! What You Need To Know! (Video) appeared first on The Daily Coin.

12:47

These 3 companies owe Indonesia millions of dollars for environmental damages. Why havent they paid? Eco-Business

The Indonesian government has been trying to collect penalties from three companies found guilty of damaging the environment, one of which is an oil palm plantation firm convicted of cut-and-burning rainforest in the Leuser Ecosystem.

12:40

Econ 101 Silver Market Manipulation The Daily Coin

Econ 101 Silver Market Manipulation by Turd Ferguson TFMetals Report TDC Note Very grateful TF decided to repost this article in light of the nonsense on the CRIMEX earlier today that just happened to show up just...

The post Econ 101 Silver Market Manipulation appeared first on The Daily Coin.

12:30

Think big on technology for a clean energy future Eco-Business

What can Asia learn from Costa Ricas successful experience with clean energy and its goal to achieve full electric mobility?

12:20

Poll Shows 85% of Americans Value Free Speech Over PC CensorshipMajority Would Die to Protect It The Daily Coin

Poll Shows 85% of Americans Value Free Speech Over PC CensorshipMajority Would Die to Protect It By Jay Syrmopoulos  The Free Thought Project Contrary to what the mainstream media portrays, the vast majority of Americans support free speech rights over...

The post Poll Shows 85% of Americans Value Free Speech Over PC CensorshipMajority Would Die to Protect It appeared first on The Daily Coin.

12:13

Climate change threatens agricultural trade in Pacific Rim economies, UN agency warns Eco-Business

Asia Pacific economies must brace for the impacts of climate change on the agricultural sector which largely characterises the region. A UN official calls on governments to prioritise climate adaptation and mitigation in its policies, now.

12:00

Who Is Jared Kushner And Why We Should All Worry Now (Video) The Daily Coin

Who Is Jared Kushner And Why We Should All Worry Now Video We Are Change In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on Donald Trump sending Jared Kushner his son in law and...

The post Who Is Jared Kushner And Why We Should All Worry Now (Video) appeared first on The Daily Coin.

11:51

The Coming Shale Debacle Peak Prosperity

The Coming Shale Debacle

Executive Summary

  • How bad will "bad" get?
  • What will happen to world supply and prices?
  • Who is most vulnerable?
  • How quickly could this occur?

If you have not yet read Part 1: Why The Shale "Miracle" Is Becoming A "Debacle" available free to all readers, please click here to read it first.

How to Position Yourself

Okay, heres the summary so far.  The shale companies are burning cash and theyve done so every year. At every oil price point. And theres nothing in the data to suggest that will change this year, or next.

So the first question to ask is: When will investors wake up and stop funding these companies?

This should be immediately followed by: How much financial and economic damage will then result? And how soon afterwards?

Well, if the companies stop drilling because their funding dries up, the decline rates of the various shale basins would translate into the immediate and sudden loss of a huge amount of oil production.  

How much?

According to the EIA the decline rates each month for the three biggest shale fields would be between 53,000 and 158,000 barrels per month.

Taken together, one month of not bringing any new wells online for these three fields would result in a drop in oil output of -314,000 barrels.  And a similar (but slightly smaller) drop the next month.  And the month after that, the same thing.  And so on.

After just 3 months the US would be down more than -1,000,000 barrels per day when all the other shale fields are taken into account. 

Now thats extreme, and its very unlikely that drilling would just suddenly stop one day. But the point here is that...

Join the conversation

11:51

Why The Shale Oil "Miracle" Is Becoming A "Debacle" Peak Prosperity

Why The Shale Oil

The central point of this report is that the US is deluding itself when it comes to energy abundance (generally) and oil (specifically).

The bottom line is this: The US shale industry resembles a fraudulent Ponzi scheme much more so than it does any kind of "miracle".

Join the conversation

11:40

Biblical hurricane expected to hit US nuclear plant The Daily Coin

Biblical hurricane expected to hit US nuclear plant Experts fear epic catastrophe Rainfall could be nearly apocalyptic borderline unfathomable unprecedented Wind gusts near 150 MPH expected from ENE News WOAI, Aug 24, 2017 (emphasis added): Hurricane Harvey...

The post Biblical hurricane expected to hit US nuclear plant appeared first on The Daily Coin.

11:30

Turd Ferguson: 21,000 GOLD CONTRACTS DUMPED ON MARKET (Video) The Daily Coin

Turd Ferguson: 21,000 GOLD CONTRACTS DUMPED ON MARKET Video Silver Doctors 21,000 contracts were just dumped on the gold market Gold and silver have recovered after this mornings manipulation. But Gold and silver were capped throughout this week. Silver...

The post Turd Ferguson: 21,000 GOLD CONTRACTS DUMPED ON MARKET (Video) appeared first on The Daily Coin.

11:27

Deep State Manipulation Of The Silver & Gold Market Is Collapsing Political Vel Craft

Today London whistleblower and metals trader Andrew Maguire told King World News that the U.S. orchestrated manipulation of the gold market is now collapsing and that Vampire Squid Goldman Sachs is looking to take full advantage of the upcoming implosion of The London Gold Pool II by moving in for the kill. Andrew Maguire:  Eric, we []

11:20

Whistleblower Andrew Maguire Says US Orchestrated Manipulation Of The Gold Market Is Collapsing And Vampire Squid Goldman Sachs Is Moving In For The Kill The Daily Coin

Whistleblower Andrew Maguire Says US Orchestrated Manipulation Of The Gold Market Is Collapsing And Vampire Squid Goldman Sachs Is Moving In For The Kill from King World News TDC Note Has Andrew Maguires credibility come into question with his...

The post Whistleblower Andrew Maguire Says US Orchestrated Manipulation Of The Gold Market Is Collapsing And Vampire Squid Goldman Sachs Is Moving In For The Kill appeared first on The Daily Coin.

11:00

Hanging with Harley 082517 (Video) The Daily Coin

Hanging with Harley 082517 Video Rogue Money Video Source

The post Hanging with Harley 082517 (Video) appeared first on The Daily Coin.

10:40

The Perfect Robbery, The Cashless Society The Daily Coin

The Perfect Robbery, The Cashless Society by Samantha King  Activist Post What seemed almost like science-fiction to our parents is coming scarily close to the realm of feasibility: more and more countries are talking about stopping the production and use of...

The post The Perfect Robbery, The Cashless Society appeared first on The Daily Coin.

10:20

Gold Just Entered a Massive Bull Market The Daily Coin

Gold Just Entered a Massive Bull Market Chad Shoop  Banyan Hill I have been watching the price of gold closely. Im tracking its short-term swings and anticipating where the next move will be. And while I expect gold to make...

The post Gold Just Entered a Massive Bull Market appeared first on The Daily Coin.

10:00

Tucker Carlson Tonight 082417 (Video) The Daily Coin

Tucker Carlson Tonight 082417 Video Fox News TDC Note If youve not seen this program I would strongly suggest giving it some of your time. Several of segments deal with the false flag operations involving the monuments/statues around...

The post Tucker Carlson Tonight 082417 (Video) appeared first on The Daily Coin.

09:40

Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools The Daily Coin

Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools by Mac Slavo SHTFPlan TDC Note As we have been stating since June, if not before, cryptocurrencies, which includes bitcoin, are a digital...

The post Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools appeared first on The Daily Coin.

09:30

Peak Prosperity News Update 082517 (Video) The Daily Coin

Peak Prosperity News Update 082517 Video Chris Martenson Video Source

The post Peak Prosperity News Update 082517 (Video) appeared first on The Daily Coin.

09:20

Venice Mayor Orders Cops To Shoot Anyone Who Shouts Allahu Akbar The Daily Coin

Venice Mayor Orders Cops To Shoot Anyone Who Shouts Allahu Akbar from ZeroHedge Venices right-wing mayor has ordered cops to shoot anyone who shouts Allahu Akbar rather than risk a terror attack. The Times reports that Italian mayor Luigi Brugnaro...

The post Venice Mayor Orders Cops To Shoot Anyone Who Shouts Allahu Akbar appeared first on The Daily Coin.

09:00

This Shoeprint Should NOT Exist (Video) The Daily Coin

This Shoeprint Should NOT Exist Video Secure Team10 Video Source

The post This Shoeprint Should NOT Exist (Video) appeared first on The Daily Coin.

08:40

President Putin Allowed Netanyahu To Vent His Iranophobia: Unfortunately, We Can Not Help You Here Political Vel Craft

{State Of} Israeli Prime Minister Benjamin Netanyahu says the Tel Aviv regime feels threatened by Irans growing influence in Syria and other parts of the Middle East. Iran is already well on its way to controlling Iraq, Yemen and to a large extent is already in practice in control of Lebanon, Netanyahu told Russian President []

08:40

Wave After Wave of Terrorist Groups Are Destroying America From Within The Daily Coin

Wave After Wave of Terrorist Groups Are Destroying America From Within by Dave Hodges The Common Sense Show The treason of Hillary Clinton was on full display for the entire nation to see. If not for her long-time protege,...

The post Wave After Wave of Terrorist Groups Are Destroying America From Within appeared first on The Daily Coin.

08:20

Pausing under the highs The Daily Coin

silver gold

Pausing under the highs by Alasdair Macleod GoldMoney After last Fridays spike to test the water at $1300, gold has consolidated its six-week run since Monday in a narrow range of $1280 to $1290. In early European trade this...

The post Pausing under the highs appeared first on The Daily Coin.

08:00

CNN Voter Panel Humiliate Host Aliyson Camerota (Video) The Daily Coin

CNN Voter Panel Humiliate Host Aliyson Camerota Video Mark Dice Aliyson Camerota Owned! CNN had a panel of voters on to ask questions about President Trumps recent activities, and it totally backfired on them, with one of the panelists...

The post CNN Voter Panel Humiliate Host Aliyson Camerota (Video) appeared first on The Daily Coin.

07:45

Conspiracy Theory PaulCraigRoberts.org

Conspiracy Theory

Paul Craig Roberts

In the United States conspiracy theory is the name given to explanations that differ from those that serve the ruling oligarchy, the establishment or whatever we want to call those who set and control the agendas and the explanations that support the agendas.

The explanations imposed on us by the ruling class are themselves conspiracy theories. Moreover, they are conspiracy theories designed to hide the real conspiracy that our rulers are operating.

For example, the official explanation of 9/11 is a conspiracy theory. Some Muslims, mainly Saudi Arabians, delivered the greatest humiliation to a superpower since David slew Goliath. They outsmarted all 17 US intelligence agencies and those of NATO and Israel, the National Security Council, the Transportation Safety Administration, Air Traffic Control, and Dick Cheney, hijacked four US airliners on one morning, brought down three World Trade Center skyscrapers, destroyed that part of the Pentagon where research was underway into the missing $2.3 trillion, and caused the morons in Washington to blame Afghanistan instead of Saudi Arabia.

Clearly, the Saudia Arabians who humiliated Ameria were involved in a conspiracy to do so.

Is it a believable conspiracy?

The ability of a few young Muslim men to pull off such a feat is unbelievable. Such total failure of the US National Security State means that America was blindly vulnerable throughout the decades of Cold War with the Soviet Union. If such total failure of the National Security State had really occurred, the White House and Congress would have been screaming for an investigation. People would have been held accountable for the long chain of security failures that allowed the plot to succeed. Instead, no one was even reprimanded, and the White House resisted all efforts for an investigation for a year. Finally, to shut up the 9/11 families, a 9/11 Commission was convened. The commission duly wrote down the governments story and that was the investigation.

Moreover, there is no evidence to support the official conspiracy theory of 9/11. Indeed, all known evidence contradicts the official conspiracy theory.

For example, it is a proven fact that Building 7 came down at freefall acceleration, which means it was wired for demolition. Why was it wired for demolition? There is no official answer to this question.

It is the known evidence provided by scientists, architects, engineers, pilots, and the first responders who were in the twin towers and personally experienced the numerous explosions that brought down the towers that is described as a conspiracy theory.

The CIA introduced the term conspiracy theory into public discourse as part of its action plan to discredit skeptics of the Warren Commission report on the assassination of President John F. Kennedy. Any explanation other than the one handed down, which is contr...

07:32

Market Wrap: We are the Sultans of Gold & Silver Price Swing Max Keiser and Stacy Herbert

Cap the metals they may. Smash the metals they may. Save some ammo for another day, cause Gold & Silver didnt come here to play. We are the Sultans of Price Swing 

Gold & silver have been on tight lockdown all week. After gold punched through $1300 on Friday, August 18th, both metals have been range-bound and capped ever since:

 

 

Furthermore, we have been monitoring the daily chart all year, and noticing, especially with silver, that there has been very little to no consolidation. However, all that has changed this week:

 

 

 

The MSM will be quick to point out a healthy consolidation, basing, or however they would like to spin it, but one look at that chart and we know exactly what it is: Fierce capping of price ahead of the Feds Jackson Hole Keynesfest.

The consolidation is pronounced in gold as well:

 

 

 

Of course, we can rest assured that the battle for $1300 will not be pretty. This is the third defensive stance by the market manipulators this year. After the April and June gold offensives, maybe we took for granted third times a charm, and now we are finding out that since June, they have been hardening their defenses.

And then, of course, today happened. Gold and silver caught a bid, and gold popped above $1300 at 9:17 a.m:

 

(No, thats not the elusive yet uber-bullish Loch Ness Chart Formation, that doesnt happen in the metals. That is the Cue the Fat Finger Chart Formation)

Then, 23 minutes later, the smash began, and one minute later, for one minute, between 10:41 a.m. and 10:42 a.m., 21,135 gold futures contracts were dumped on the COMEX.

...

07:30

Succinct Summation of Weeks Events 8.25.17 The Big Picture

Succinct Summations for the week ending August 25th, 2017 Positives: 1. Despite all of the political turmoil, S&P500 is within 1.5% of its all time highs. 2. Core capital goods rose 0.4% m/o/m. Ex-transportation they rose 0.5%, better than the 0.1% expected increase. 3. Jobless claims remain near historic lows, coming in at 234k. 4.

Read More

The post Succinct Summation of Weeks Events 8.25.17 appeared first on The Big Picture.

...

06:45

Daniel McAdams: Trump and the War Party Mises Wire

By: Jeff Deist, Daniel McAdams
Daniel McAdams on Mises Weekends

Daniel McAdams from the Ron Paul Institute for Peace and Prosperity joins Jeff to discuss Trumpian foreign policy in light of the president's recent speech on Afghanistan.

The costs of our wars in Iraq, Afghanistan, and Syriahuman and economickeep piling up. How do such deeply unpopular wars go on so long? Why do sensible notions of peace and non-intervention fail to gain a foothold in Congress or the White House? How does the War Party in DC plays both sides? And, how do they silence anti-war voices like Tulsi Gabbard? This is a no-holds-barred discussion of the grim realities behind US foreign policy.



06:40

US Sanctions May Play into Chinas and Russias Hands The Daily Coin

US Sanctions May Play into Chinas and Russias Hands Wolf Street Venezuela is going to have one heck of an Oil Fire Sale By Ken Moors, Oilprice.com: Venezuela is now on the brink of total collapse. As youve seen...

The post US Sanctions May Play into Chinas and Russias Hands appeared first on The Daily Coin.

06:30

What Financial Conditions Tell Us (Two Charts and a Prediction) Financial Sense

By FF Wiley It seems every bank, including central banks, publishes a financial conditions index these days. And because financial conditions typically lead the economy, it makes sense to track them. In fact, they might contain even more...

Ben Bernanke to Give Keynote Speech at Cryptocurrency Conference Financial Sense

By Michael Shedlock Ben Bernanke will join Sir Tim Berners-Lee as keynote speakers at the Swell cryptocurrency conference October 16-18 in Toronto. I dont have an opinion on where Bitcoin is headed in any particular timeframe.

06:20

Are Central Banks Nationalising the Economy? The Daily Coin

Are Central Banks Nationalising the Economy? by Daniel Lacalle  Mises The FT recently ran an article that states that leading central banks now own a fifth of their governments total debt. The figures are staggering. Without any recession or crisis, major...

The post Are Central Banks Nationalising the Economy? appeared first on The Daily Coin.

06:00

78% of Workers Live Paycheck to Paycheck! Say Goodbye to MIDDLE CLASS America! (Video) The Daily Coin

78% of Workers Live Paycheck to Paycheck! Say Goodbye to MIDDLE CLASS America! Video The Money GPS Video Source

The post 78% of Workers Live Paycheck to Paycheck! Say Goodbye to MIDDLE CLASS America! (Video) appeared first on The Daily Coin.

05:40

The Truth About Bundesbank Repatriation of Gold from U.S. The Daily Coin

The Truth About Bundesbank Repatriation of Gold from U.S. by Jan Skoyles GoldCore Bundesbank has completed a transfer of gold worth 24B from France and U.S. Germany has completed domestic gold storage plan 3 years ahead of schedule...

The post The Truth About Bundesbank Repatriation of Gold from U.S. appeared first on The Daily Coin.

05:30

05:30

U.S. Late Cycle Means Time to Look Abroad Financial Sense

Rob Bernard Given the events of the last few weeks (North Korea, Charlottesville, etc.) as well as seasonality, the U.S. equity markets have moved into a correction phase. Over the last few months, the market has experienced several shallow 2%+ corrections...

05:20

U.S. Senate Wants To Label WikiLeaks A Non-State Hostile Intelligence Service The Daily Coin

U.S. Senate Wants To Label WikiLeaks A Non-State Hostile Intelligence Service by Aaron Kesel  Activist Post The U.S. Senate is considering a bill that would classify WikiLeaks as a non-state hostile intelligence service bundled as part of the 2018 Intelligence Authorization...

The post U.S. Senate Wants To Label WikiLeaks A Non-State Hostile Intelligence Service appeared first on The Daily Coin.

05:00

Henry Kissinger: China and the New World Order (Video) The Daily Coin

Henry Kissinger: China and the New World Order Video samuel ezerzer TDC Note While this video is two years old it will provide some insight as to the geopolitics of today. Please, please, please pay very close attention...

The post Henry Kissinger: China and the New World Order (Video) appeared first on The Daily Coin.

04:40

Manipulated minorities represent a major danger for democratic states The Daily Coin

Manipulated minorities represent a major danger for democratic states by The Saker First, a quick disclaimer or, should I say, a clarification: When I speak of minorities, as I will below, I do that as a person who belongs to...

The post Manipulated minorities represent a major danger for democratic states appeared first on The Daily Coin.

04:30

Congratulations, you have won the $759 million lottery! Now what? The Big Picture

How to Deal With a $759 Million Lottery Jackpot The odds of winning were long; so are the odds of keeping those winnings Bloomberg, August 25, 2017       On Wednesday night, Chicopee, Massachusetts resident Mavis Wanczyk won the $758 million Powerball jackpot. Her first act was to call into work to let them

Read More

The post Congratulations, you have won the $759 million lottery! Now what? appeared first on The Big Picture.

...

04:30

2:00PM Water Cooler 8/25/2017 naked capitalism

By Lambert Strether of Corrente Readers, my medical checkup went fine. Im going to throw in some more politics links, just for the heck of it. lambert Trade ISDS: THE BUSINESS COMMUNITYS NAFTA BREAKING POINT: Three major business organizations have a message for USTR and the rest of the Trump administration: If you cut the []

04:20

Mitchell Feierstein: Systemic banking fraud means next crisis will be worse The Daily Coin

Mitchell Feierstein: Systemic banking fraud means next crisis will be worse by Mitchell Feirstein Evening Standard Henry Paulson. Hank. Remember him? Of the crisis in 2008, he said: Where I come from, if someone takes a risk and theyre...

The post Mitchell Feierstein: Systemic banking fraud means next crisis will be worse appeared first on The Daily Coin.

04:15

No Tax Bill This YearThe GOP Cant Handle The Fiscal Truth! David Stockman's Contra Corner

If you don't think the casino is dangerously unhinged, just consider this morning's eruption in the futures market at about 5AM. That's the exact time the Financial Times (FT) released an exclusive interview with Gary Cohn, who averred that tax reform will be a done deal by year-end.

04:00

Early Market Update and What Hayek Said About Money and Government (Video) The Daily Coin

Early Market Update and What Hayek Said About Money and Government Video maneco64 In this report I look at the market action from London on Friday August 25th, 2017. I also talk about F.A. Hayeks comments about how governments...

The post Early Market Update and What Hayek Said About Money and Government (Video) appeared first on The Daily Coin.

03:42

Daily Digest 8/25 - Good News Friday: 'Cyborg' bacteria deliver green fuel, Peak Prosperity Weekly YouTube News Update Peak Prosperity

Daily Digest 8/25 - Good News Friday: 'Cyborg' bacteria deliver green fuel,
  • Peak Prosperity Weekly YouTube News Update
  • Yellen rejects Trump approach to Wall Street regulation, says post-crisis banking rules make economy safer
  • South Korean Court Sentences Samsung Scion Jay Y. Lee To 5 Years For Corruption Scandal
  • How Sicilian oranges are being made into clothes
  • Amazon cuts Whole Food prices in clear signal of sweeping changes to come
  • 'Cyborg' bacteria deliver green fuel source from sunlight
  • The Top 20 Coolest Schools
  • Secret life of the dodo revealed

Join the conversation

03:40

Intuition & Gut Instinct: The Mystery Of It All The Daily Coin

Intuition & Gut Instinct: The Mystery Of It All by Ken Jorgustin Modern Survival Blog Have you ever had that gut feeling? Intuition that something might be about to happen? Something that just doesnt add up or is not...

The post Intuition & Gut Instinct: The Mystery Of It All appeared first on The Daily Coin.

03:36

No. 906: July New Orders for Durable Goods, New- and Existing-Home Sales Shadow Government Statistics

(SGS Subscription required) Faltering Economic Activity and Intensifying Political Discord Continue to Peril the Dollar and to Intensify Risks of Market Turmoil Better-Quality Reporting than Gimmicked GDP and Employment Shows No Full Recovery from the Economic Collapse, No Economic Expansion, with Real Business Activity Increasingly Stagnant or in Renewed Downturn Net of Headline Inflation and Gyrations in Commercial-Aircraft Orders, New Orders Were Down by 9.3% (-9.3%) from Their Non-Recovered, Pre-Recession Peak Offering Some Caution for Booming Headline Retail Sales, Motor Vehicle Orders and Shipments Declined in June and July Housing and Construction Activity Continued In Deepening Contraction; Six-Month Smoothed Trends All Have Turned Down New- and Existing-Home Sales Fell in July, into Third-Quarter 2017, Having Contracted in Second-Quarter 2017 July Existing-Home Sales Were Down by 25.2% (-25.2%) and New-Home Sales Were Down by 58.9% (-58.9%) from Pre-Recession Peaks Parallel Monthly and Quarterly Declines Were Seen Recently in July Building Permits and Housing Starts, Respectively Also Down by 46.0% (-46.0%) and by 49.2% (-49.2%) from Pre-Recession Highs

03:30

Joe McMonigle: Crude Oil Special (Video) The Daily Coin

Joe McMonigle: Crude Oil Special Video Erik Townsend/Macro Voices Erik Townsend welcomes Joe McMonigle to MacroVoices. Erik and Joe discuss the oil supply glut, the import data, oil inventories and the outlook for U.S. oil production. They further discuss...

The post Joe McMonigle: Crude Oil Special (Video) appeared first on The Daily Coin.

03:21

Jims Mailbox Jim Sinclair's Mineset

Affordable Care Act was passed under false pretenses, even boasting that the stupidity of the American voter made the grand deception possible. CIGA JB Obamacare Architect Settles Suit Over Fraud AllegationsAugust 24, 2017 Jonathan Gruber, the MIT professor who has been dubbed the architect of Obamacare, has settled a lawsuit accusing him of filing fraudulent... Read more

The post Jims Mailbox appeared first on Jim Sinclair's Mineset.

03:20

FREEZING OF BANK ACCOUNTS : A NEW THREAT FOR SAVERS The Daily Coin

FREEZING OF BANK ACCOUNTS : A NEW THREAT FOR SAVERS by Philippe Herlin Gold Broker Savers are getting strangled by regulations: new laws are threatening their assets and limiting their freedom. They have become prey to a sicker and...

The post FREEZING OF BANK ACCOUNTS : A NEW THREAT FOR SAVERS appeared first on The Daily Coin.

03:00

The Silver Shield Bank (Video) The Daily Coin

The Silver Shield Bank Video Truth Never Told TDC Note This is a small segment of the fantastic interview Chris Duane Click HERE for the whole show! Video Source

The post The Silver Shield Bank (Video) appeared first on The Daily Coin.

02:59

In The News Today Jim Sinclair's Mineset

Jim Sinclairs Commentary This is a problem for the Fed. It is easy to counterfeit gold and silver but not these. The Base Metal Breakout Industrial Commodities Threaten Their Decade-Long DowntrendAugust 24, 2017 Summary: * Base metals are showing signs of real strength, with prices across the complex breaking out, or threatening to do... Read more

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

02:58

Worker bees create buzz at BreadHive Worker Co-op Grassroots Economic Organizing

BreadHive's owners -- five women and one man, ages 25 to 31 -- share in the profits and operate without a hierarchical structure. Decisions are made by consensus at weekly meetings.

"It makes me happy just waking up in the morning and knowing I get to shape dough, or work the front end or make sandwiches, and also work with people who want to be part of the same community I'm part of," Stewart said.

"That means we believe equity should be shared in a business, and that ownership should not be for the few and the privileged, and not tied to tremendous amounts of debt. That should be possible."

So far, she said, it has been.

Read the rest at Buffalo News

 

Go to the GEO front page

02:41

Just A Brief Heads Up For The Community Jim Sinclair's Mineset

10,000 contracts (50 million ounces) in two minutes is what took silver from positive to negative. And 20,705 contracts (2,075,000 ounces) in gold in 1 minute is what flash crashed the metals. Something must be on fire behind the scenes, no one would sell metal like this on the cusp of a breakoutunless they did... Read more

The post Just A Brief Heads Up For The Community appeared first on Jim Sinclair's Mineset.

02:40

Out of Control: The Washington War Making Machine The Daily Coin

Out of Control: The Washington War Making Machine by Phil Butler Journal-NEO The alleged DNC leaks and the so-called Russiagate are a hoax concocted to perpetuate crisis, and nothing more. Most people sense this, but cannot effectively argue with...

The post Out of Control: The Washington War Making Machine appeared first on The Daily Coin.

02:20

Dallas Resident Now Needs Surgery After TSA Agent Gave Him A Pat Down The Daily Coin

Dallas Resident Now Needs Surgery After TSA Agent Gave Him A Pat Down by Daniel Lang SHTFPlan Theres a reason why the classic story of the frog and the boiling water is such an enduring parable. Time and time...

The post Dallas Resident Now Needs Surgery After TSA Agent Gave Him A Pat Down appeared first on The Daily Coin.

02:00

The message you NEED to hear RIGHT NOW (Video) The Daily Coin

The message you NEED to hear RIGHT NOW Video Stefan Molyneux Question: I am a 21-year old jazz musician and play music at a very high level for my age. However, I happen to hold a number of political...

The post The message you NEED to hear RIGHT NOW (Video) appeared first on The Daily Coin.

01:40

Are The Metals About To Go Parabolic? The Daily Coin

Are The Metals About To Go Parabolic? by Avi Gilburt GoldSeek First published on Sun Aug 20 for members: With the metals providing us with the pullback we were expecting in our report last weekend (Aug 12-13), they continued...

The post Are The Metals About To Go Parabolic? appeared first on The Daily Coin.

01:30

FSS Update: Natural Med Treatment Resistance Virus War (Video) The Daily Coin

FSS Update: Natural Med - Treatment Resistance - Virus War (Video)

FSS Update: Natural Med Treatment Resistance Virus War Video Full Spectrum Survival Video Source

The post FSS Update: Natural Med Treatment Resistance Virus War (Video) appeared first on The Daily Coin.

01:21

Patrick & Mari Leave it All Behind for an RV in New Hampshire Free State Project

Patrick & Mari

Hi. Were a family of three from San Diego. Our journey to the Shire included nine days of driving and four years of planning. Theres been a lot of healing along the way, and Im happy to say we are in a good place. I mean: Its almost September, winter is around the corner, and we live in a trailerand were happy!

And YOU are going to be moving to New Hampshire soon, so theres no better place for us than here, waiting to welcome you as we were welcomed. Thats right! Moving means friends and strangers waiting to welcome you! I (Patrick) have been telling people there is no better way to do it. So heres my story about making the move.

In 2014 my friend Robin and I visited for PorcFest. After a few intense days spent camped out in the valley, there at the Satoshi Saloon, I looked out at the White Mountains and wept - overwhelmed with feelings of hope.

The following year my wife and I started running what-if scenarios. Wed been working at our familys roofing company for eight years. We enjoyed the work and had an opportunity to buy a productive company, but our discussions ultimately led to our retirement. We prepared the business and hired out our responsibilities, while selling most everything we owned and putting our house on the market. However, we hadnt decided to move to New Hampshire at all.

When we first asked what if we changed everything, it wasnt out of a desire to move to New Hampshire. We had reasons to leave, places and ideas we wanted to explore, and ultimately, the security and resolve for a momentous change. We decided to move to Len, Nicaragua. We werent even sure the Shire was our second choice. So we set off on a year-and-a-half adventure to explore the world and find out.

We started with an epic, five-month, tent-camping road trip that included a two-week tour of the Shire. Ultimately, we decided New Hampshire would be plan B. Our plan A wasnt much of a plan yet; at that point we had fly to Nicaragua, make money. During the road trip I participated in Ernies dome build (at JackFest). Studying domes led to studying masonry, which led to a business plan to produce compressed earth blocks in Nicaragua. I only mention that connection because the business idea was exciting and needed, but the spark came from a hippie dome-build. We had a plan A! We enjoyed living in Len, and the plan was coming along, but we decided a successful business in Nica wouldnt afford us the lifestyl...

01:20

This Is How You Prevent Dehydration During the Hottest Time of the Year The Daily Coin

This Is How You Prevent Dehydration During the Hottest Time of the Year by Jeremiah Johnson Ready Nutrition ReadyNutrition Readers, we have covered many topics in the past such as fluid-based balance, electrolyte balance, and dehydration, along with several...

The post This Is How You Prevent Dehydration During the Hottest Time of the Year appeared first on The Daily Coin.

01:00

Rick Rule: Base Metals Are Breaking Out, Stocks Are Next (Video) The Daily Coin

Rick Rule: Base Metals Are Breaking Out, Stocks Are Next Video Palisade Radio Rick feels that recent negative sentiment in the gold market may be a good contrarian indicator. Gold has maintained its strength this summer in the face...

The post Rick Rule: Base Metals Are Breaking Out, Stocks Are Next (Video) appeared first on The Daily Coin.

00:59

Devastating And Life-Threatening Harvey Expected To Bring 120MPH Winds And Up To 12-Foot Storm Surge The Daily Coin

Devastating And Life-Threatening Harvey Expected To Bring 120MPH Winds And Up To 12-Foot Storm Surge from ZeroHedge TDC Note Autoplay video below could not find the code to turn off. #### Hurricane Harvey, the first hurricane to make...

The post Devastating And Life-Threatening Harvey Expected To Bring 120MPH Winds And Up To 12-Foot Storm Surge appeared first on The Daily Coin.

00:39

TROUBLE FINANCING ITS DEBT: Massive Decline Rates Push U.S. Shale Oil Industry Closer Towards Bankruptcy The Daily Coin

TROUBLE FINANCING ITS DEBT: Massive Decline Rates Push U.S. Shale Oil Industry Closer Towards Bankruptcy by Steve St. Angelo SRSRocco Report The U.S. Shale Oil Industry is in serious trouble as its debt spirals higher due to its massive...

The post TROUBLE FINANCING ITS DEBT: Massive Decline Rates Push U.S. Shale Oil Industry Closer Towards Bankruptcy appeared first on The Daily Coin.

00:30

China, India: Roads, Trains and Infrastructure Pains Financial Sense

Stratfor The road to resolution on the India-China border just got longer. As the standoff near Doklam enters its third month, the two countries are opening another front on the Line of Actual Control (LAC), their de facto border. On Aug. 24

00:28

LittleSiss Oligrapher for Beginners Eyes on the Ties

Oligrapher is a tool for visualizing networks of influence and power. Here is how you can get started using it. ...

Read More

00:25

Why You Should Be Very Skeptical of Googles and ProPublicas Hate Crimes Initiative naked capitalism

Google and ProPublica launch a new "hate crimes' tracker that isn't, and may never be, ready for prime time.

00:19

Gold Fever: Bild Issues Semi-Fake News on Return of Precious Ingots to Germany The Daily Coin

Gold Fever: Bild Issues Semi-Fake News on Return of Precious Ingots to Germany from Sputnik News TDC Note As we pointed out, several weeks ago, what has been happening with Germanys repatriation of their gold has been exposed as...

The post Gold Fever: Bild Issues Semi-Fake News on Return of Precious Ingots to Germany appeared first on The Daily Coin.

00:12

August 25: Daily Contrarian Reads David Stockman's Contra Corner

My daily contrarian reads for Friday, August 25th, 2017.

00:02

We should do more to privatize bus systems Marginal REVOLUTION

Local governments spend roughly $1.6 trillion per year to provide a variety of public services ranging from police and fire protection to public schools and public transit. However, we know little about public sectors productivity in delivering key services. Public bus service represents a standardized output for benchmarking the cost of local government service provision. Among the top twenty largest cities, there exists significant dispersion in the operating cost per bus mile with the highest being more than three times as high as the lowest. Using a regression discontinuity design, we estimate the cost savings from privatization and explore the political economy of why privatization rates are lower in high cost unionized areas. Our analysis suggests that fully privatizing all bus transit would generate cost savings of approximately $5.7 billion, or 30% of total U.S. bus transit operating expenses. The corresponding increased use of public transit from this cost reduction would lead to a gain in social welfare of $524 million, at minimum, and at least 26,000 additional transit jobs.

That is from Rhiannon Jerch, Matthew E. Kahn, and Shanjun Li, forthcoming in the Journal of Public Economics.

The post We should do more to privatize bus systems appeared first on Marginal REVOLUTION.

00:00

Truth for Our Time Project Syndicate RSS-Feed

In 2017, lies have become products, and mendacity has embedded itself into social, political, and even cultural life. The challenge for our time, then, is to find truth amid humanitys infinite complexities and contradictions.

00:00

John Embry: Annual Gold Mining Supply Will Fall Even if Gold Prices Rise Substantially (Video) The Daily Coin

John Embry: Annual Gold Mining Supply Will Fall Even if Gold Prices Rise Substantially Video Wall St for Main St Jason Burack of Wall St for Main St for Main St interviewed returning guest, Chief Portfolio Strategist at Sprott...

The post John Embry: Annual Gold Mining Supply Will Fall Even if Gold Prices Rise Substantially (Video) appeared first on The Daily Coin.

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IndyWatch Economic News Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

Friday, 25 August

23:40

Crazy MSM Calls Trump Crazy, Antifa Repugnant Like KKK, Economic Update The Daily Coin

Crazy MSM Calls Trump Crazy, Antifa Repugnant Like KKK, Economic Update by Greg Hunter USA Watchdog USA Today publishes this headline that reads Talk of Trumps Mental Health Spreads.  The reason why it is spreading is the fake news...

The post Crazy MSM Calls Trump Crazy, Antifa Repugnant Like KKK, Economic Update appeared first on The Daily Coin.

23:32

Tensions ease over North Korea The BRICS Post

Despite reports of a rift with China in US media, tensions between Pyongyang and Washington appear to have subsided

The war of words between US President Donald Trump and North Korean leader Kim Jong-un appears to have subsided this week as South Korean President Moon Jae-in announced he was seeking improved relations with Pyongyang.

During a political rally in Arkansas earlier in the week, Trump claimed that Kim was starting to respect us even as the North Korean leader continued to inspect weapons facilities in his country.

On Thursday, Moon said that improved relations with the North could eventually lead to the denuclearization that world powers seek.

Moon said that South Korean policies in dealing with the North need to return to the experiences of the past, specifically about 10 years ago when relations with Pyongyang appeared to be on the mend and both countries were involved in joint economic projects.

Unlike his predecessor President Park Geun-hye, who was ousted on corruption charges, Moon came to the presidency with a clear vision to repair ties with the North.

Since his inauguration in May, Moon has been seeking to reform the Souths way of dealing with the North amid the continuing tensions and war of words between Pyongyang and Washington.

He has asked his security and foreign policy appointees to draft a unification approach with the north; this has long been an initiative both Koreas have discussed during more peaceful times.

Between 2000 and 2007, South Korea joined the North along with China, the United States, Russia and Japan in what were known as the six-party talks to use economic engagement to persuade Pyongyang to abandon its nuclear and ballistic missile programs.

Known as the Sunshine Policy in Seoul, the engagement was designed to create jobs for North Korean workers in addition to social exchange between the two Koreas.

The policy was largely shelved in 2008. China has repeatedly called for a return to the six-party talks.

China calls for calm

Despite US media claims that a rift had emerged between Washington and Beijing on how to rein in North Korea, it seems that Chinese calls for calm and di...

23:30

Do We Have a Right to Cognitive Liberty? (Video) The Daily Coin

Do We Have a Right to Cognitive Liberty? Video TruthStream Media That headline on the tile for this video is from Scientific American. Not only are they pretending this is suddenly a question now, but theyre acting like they...

The post Do We Have a Right to Cognitive Liberty? (Video) appeared first on The Daily Coin.

23:20

Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way The Daily Coin

Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way by Charles Hugh Smith Of Two Minds Many of those about to be vaporized did not grasp the fragility of the prosperity they assumed was both solid and...

The post Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way appeared first on The Daily Coin.

23:20

Can Trump Turn His Presidency Around? Project Syndicate RSS-Feed

US President Donald Trump has an opportunity to cut taxes, improve US infrastructure, and replace or amend the Affordable Care Act. But, to succeed, he needs to demonstrate respect for reasonable opposing viewpoints, tone down his more extreme positions, and learn how to cooperate with Congress.

23:16

Taronga Zoo champions sustainable palm oil Eco-Business

Visitors to zoo's new 'Tiger Trek' exhibit are transport into the heart of a national park in Sumatra, but leave with important information about how supporting sustainable palm oil can protect endangered species and their forest homes.

23:00

Zweig: Questions to Ask Your Financial Adviser The Big Picture

I hate when Jason Zweig takes an idea I had kicking around in my head, then does a better job with it than I would have. That was my reaction to reading his The 19 Questions to Ask Your Financial Adviser. Here are a few of his key questions and answers from the 19:

Read More

The post Zweig: Questions to Ask Your Financial Adviser appeared first on The Big Picture.

23:00

After Over Ten Million Views, I Am Saying Goodbye To YouTube (Video) The Daily Coin

After Over Ten Million Views, I Am Saying Goodbye To YouTube Video Gregory Mannarino I STILL have your back and I will NEVER let you down. Check out my new video blog on DailyMotion. Click here: http://www.dailymotion.com/GregoryMan Video Source

The post After Over Ten Million Views, I Am Saying Goodbye To YouTube (Video) appeared first on The Daily Coin.

22:50

We Are All From Europe Project Syndicate RSS-Feed

After the recent terrorist attack in Barcelona, a crowd chanted I am not afraid. It was a firm demonstration of unity that transcended internal divisions precisely the kind of unity that will prove critical to defeating Islamist terror in Europe.

22:40

VAST MINING FORTUNE REPRESENTED IN PILGRIMS SOCIETY WORLD MONEY TRUST! The Daily Coin

VAST MINING FORTUNE REPRESENTED IN PILGRIMS SOCIETY WORLD MONEY TRUST! by Charles Savoie Silver Stealers TDC Note Click any image within the article to enlarge. #### WE HAVE A HUGE CAN OF WORMS TO OPEN! A powerful, exploitative...

The post VAST MINING FORTUNE REPRESENTED IN PILGRIMS SOCIETY WORLD MONEY TRUST! appeared first on The Daily Coin.

22:20

Is the Fed Done (Tightening) for this Cycle? The Daily Coin

Is the Fed Done (Tightening) for this Cycle? by Trey Reik Sprott Global Is the Fed Done (Tightening) for this Cycle? Spot gold has spent the past seven months in a tight trading range between $1,200 and $1,300 per...

The post Is the Fed Done (Tightening) for this Cycle? appeared first on The Daily Coin.

22:11

10 Friday AM Reads The Big Picture

My end of week morning train reads: Always Go To the Funeral (Epsilon Theory) Vanguard Group is Americas new landlord (Philly.com)  The 19 Questions to Ask Your Financial Adviser: The burden of finding an adviser who will act in your best interest is on you (Moneybeat)  Inside Robert Muellers Army (Daily Beast)  Own the

Read More

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22:06

The Truth About Bundesbank Repatriation of Gold From U.S. Max Keiser and Stacy Herbert

Bundesbank has completed a transfer of gold worth 24B from France and U.S.
Germany has completed domestic gold storage plan 3 years ahead of schedule
In the 7.7 million plan, 54,000 gold bars were shipped and audited
In 2012 German court called for inspection of Germanys foreign gold holdings
Decision to repatriate from Paris and New York was to build trust and confidence domestically
1,236t or 37% of German holdings remain in New York Fed facility
Bundesbank wants to hold gold bullion
U.S. government declines to audit gold reserves doesnt want world to realise golds importance in the global monetary system

Editor: Mark OByrne

Last Monday, U.S. Treasury Secretary Mnuchin feigned to inspect the U.S. gold reserves in Fort Knox and joked flippantly that he assumed it was there.

A day later the Bundesbank, announced that they had repatriated much of their gold reserves from the U.S. and France. Coincidence or coordination?

In 2013 the Deutsche Bundesbank announced plans to store half of its gold reserves in Germany. At the time, only 31% was stored in the country. The Gold Storage Plan involved bringing gold home from both Paris and New York.

The plan was expected to take seven years. At the time many asked why it would take so long to return just 674t of gold. The Bundesbank has completed the plan three years ahead of schedule.

The German gold repatriation was in response to the critics and or in order to safeguard the German gold reserves and ensure they are owned in a safe, allocated and segregated manner by the Bundesbank.

In the last five years the German central bank has 374t and 300t from Paris and New York, respectively. The Bundesbank opted to keep 432t in the Bank of England vaults.

...

22:00

Melt-Up, Reset, Wealth Transfer: How a Rising Tide will Float all Assets. Gantz & Zang! (Video) The Daily Coin

Melt-Up, Reset, Wealth Transfer: How a Rising Tide will Float all Assets. Gantz & Zang! Video The Maestro Way This round table discussion focuses on several timely issues including the continuation of a rising stock market, asset allocation, gold...

The post Melt-Up, Reset, Wealth Transfer: How a Rising Tide will Float all Assets. Gantz & Zang! (Video) appeared first on The Daily Coin.

21:40

San Francisco Bay Area Pending Home Sales Plunge The Daily Coin

San Francisco Bay Area Pending Home Sales Plunge by Wolf Richter Wolf Street Ludicrously high home prices hit end of the employment boom? Real estate agents listed three reasons for the debacle of pending home sales in the state...

The post San Francisco Bay Area Pending Home Sales Plunge appeared first on The Daily Coin.

21:15

Gold Supply Is Guaranteed to FallHeres How Youll Be Impacted The Daily Coin

Gold Supply Is Guaranteed to FallHeres How Youll Be Impacted by Jeff Clark GoldSilver Last week we looked at how silver supply could be dramatically pinched if Indian citizens began an earnest shift from gold to silver. This week...

The post Gold Supply Is Guaranteed to FallHeres How Youll Be Impacted appeared first on The Daily Coin.

20:48

More Duelling Court Filings in Ubers Kalanick v. Benchmark Death Match naked capitalism

An update on the pitched battle at Uber between the Kalanick and Benchmark factions.

20:45

Its So Quite You Can Hear A Pin Drop, Is Something About To Happen? (Video) The Daily Coin

Its So Quite You Can Hear A Pin Drop, Is Something About To Happen? Video X22 Report A judge approves a warrant to investigate Antifa. The Guardian is pushing censorship. Lavrov says the Afghanistan strategy that Trump proposed is...

The post Its So Quite You Can Hear A Pin Drop, Is Something About To Happen? (Video) appeared first on The Daily Coin.

20:30

2018 BMW M5 xDrive The Big Picture

The new M5 is quite the beast: Similar to the mighty M6, with the same nearly 600 HP twin turbo V8, it is missing the third pedal of the manual transmission, but what it gives you in its stead is all wheel drive a first in an M sedan. Great looking interior; with a great

Read More

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20:15

History Is About To Repeat Itself AgainAnd It Might Get Ugly Real Visions Grant Williams The Daily Coin

History Is About To Repeat Itself AgainAnd It Might Get Ugly Real Visions Grant Williams by Shannara Johnson  Gold-Eagle Grant Williams believes that the 76 million retiring Baby Boomers will trigger a major pension crisis. He should know, because hes...

The post History Is About To Repeat Itself AgainAnd It Might Get Ugly Real Visions Grant Williams appeared first on The Daily Coin.

20:14

Should I stay or should I go now? Resolution Foundation

Yesterday it emerged that the Home Office incorrectly sent around 100 deportation letters to EU citizens. Although the government has apologised, it would appear from todays immigration statistics that many EU nationals are doing the Home Offices job for them.

Net migration (immigration minus emigration) fell to 246,000 in the year to March 2017, the lowest level in three years. Looking at the change from a year ago (which helps strip out any seasonal effects) net migration was down 81,000. This was driven by a fall in immigration (down 50,000) and an increase in the number of people leaving the UK (up 31,000). Big shifts in the number of people from the EU, particularly the EU8 countries (including Poland and Czech Republic), leaving the UK were responsible. The number of EU8 nationals leaving increased to 46,000 up from 29,000 a year ago.

While the net migration figures only tell us what happened in the first nine months since the referendum, other data provides a more up-to-date picture. Statistics on National Insurance number (NINo) registrations for overseas nationals up to June 2017 was also released today. The graph below shows that the number of NINo registrations for people from EU8 countries fell to 28,000, down from 35,000 last June. By contrast the number of NINo registrations for other EU nationals (EU15 and EU2) have held steady.

This is starting to feed through into the labour market. Although the number of people born in the EU working in the UK has continued to rise since the referendum, this is because the number of Bulgarians and Romanians coming to the UK has risen, by contrast the number of EU...

19:57

Philippines' first solar factory promises bright energy future Eco-Business

No stranger to the threats of climate change, the Philippines is trying to achieve a delicate balance between climate action and energy security. Will its first solar factory inspire a much-needed transition to renewable energy?

19:45

Gold Misses Breakout Opportunity The Daily Coin

Gold Misses Breakout Opportunity by Arkadiusz Sieron Sunshine Profit Last week, gold failed to effectively breach the $1,300 level. What does it mean for the gold market? On Friday, gold hit intraday $1,306 at Comex, a level not reached...

The post Gold Misses Breakout Opportunity appeared first on The Daily Coin.

19:15

Mayweather Vs McGregor Fight: BELT Made Of 3.3 Lbs 24K GOLD (Video) The Daily Coin

Mayweather Vs McGregor Fight: BELT Made Of 3.3 Lbs 24K GOLD Video Salivate Metal Video Source

The post Mayweather Vs McGregor Fight: BELT Made Of 3.3 Lbs 24K GOLD (Video) appeared first on The Daily Coin.

19:00

Debt Rattle August 25 2017 The Automatic Earth

Sergio Larran Valparaiso Passage Bavestrello 1952   78% of Americans Live Paycheck To Paycheck (CNBC) Systemic Banking Fraud Means Next Crisis Will Be Worse (Feierstein) Did the Economy Just Stumble Off a Cliff? (CHS) Central Bank Balance Sheets Are Headed for a Great Divergence (BBG) Low World Inflation Dogs Central

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18:46

This Is How Trump Is Going To Be Blamed For The Next Financial Crash The Daily Coin

This Is How Trump Is Going To Be Blamed For The Next Financial Crash by Mac Slavo SHTFPlan On Wednesday there were a lot of Trump fans who were celebrating the latest progress in the stock market. For the first...

The post This Is How Trump Is Going To Be Blamed For The Next Financial Crash appeared first on The Daily Coin.

18:15

NEWS AND VIEWS FROM THE NEFARIUM (Video) The Daily Coin

NEWS AND VIEWS FROM THE NEFARIUM Video Dr. Joseph P. Farrell Giza Death Star Gold! This has been a very weird week for news stories, one of them being the attention being given to gold, and in particular,...

The post NEWS AND VIEWS FROM THE NEFARIUM (Video) appeared first on The Daily Coin.

17:45

BABA BEIJING IS GOING TO START USING BLOCKCHAIN TECHNOLOGY FOR OFFICIAL BUSINESS The Daily Coin

BABA BEIJING IS GOING TO START USING BLOCKCHAIN TECHNOLOGY FOR OFFICIAL BUSINESS by Jeff J. Brown China Rising If you cant beat them, join them, they say https://www.nextbigfuture.com/2017/08/china-will-use-blockchain-tech-for-tax-collection-and-invoicing.html. While Bitcoin https://bitcoin.org/en/ is officially banned in China, the government has...

The post BABA BEIJING IS GOING TO START USING BLOCKCHAIN TECHNOLOGY FOR OFFICIAL BUSINESS appeared first on The Daily Coin.

17:15

ARGUMENT FROM GENGHIS KHAN?! (Video) The Daily Coin

ARGUMENT FROM GENGHIS KHAN?! Video Stefan Molyneux Is it possible for Atheism to explain the existence of objective morality: subject-independent things are right or wrong independently of whether anyone believes them to be so? How is your morality...

The post ARGUMENT FROM GENGHIS KHAN?! (Video) appeared first on The Daily Coin.

16:54

How Alfred McCoy Stalked the CIA From Its Heroin Trail to the Surveillance State naked capitalism

Alfred McCoy's soon-to-be-released book on the CIA is already rocking boats. This post adapted from it shows why.

16:16

Conservation Marketing Internship Eco-Business

Do you care about wildlife conservation and want to gain digital marketing skills?

16:12

Institutional & Organisational Development Manager Eco-Business

WWF launched a new strategy that harnesses the strengths of the WWF network in a shared vision, focussing on six major goals - water, wildlife, the ocean, climate and energy, forests, and food - and three key drivers of environmental problems - markets, finance and governance.

16:11

Transitioning to a Circular Economy Eco-Business

Can you imagine a world in which assets are shared, not owned, and the concept of waste does not exist?

16:08

The Sustainable Investment Forum Eco-Business

The Sustainable Investment Forum- the largest finance-focused event taking place during New York Climate Week- is back for its second edition on 19 September 2017.

15:45

Is America A Dangerous Nation? The Daily Coin

Is America A Dangerous Nation? by Egon von Greyerz Gold Switzerland America is now a dangerous nation. This is the title of an article written by the journalist Gideon Rachman in the Financial Times last week. He goes on...

The post Is America A Dangerous Nation? appeared first on The Daily Coin.

15:40

Productivity and market power in general equilibrium Marginal REVOLUTION

Lets assume away cyclical factors, so full employment always holds.

If every sector of an economy becomes monopolistic, output will contract in each sector, and it might appear that productivity will decline.  But for the most part this output reduction will not be achieved by burning crops in the fields.  Rather, less will be produced and factors of production will be freed up for elsewhere.  New sectors will arise, and offer goods and services too, perhaps with monopolies as well.  In any case, the consumer surplus gains from those new sectors might be especially high, because they will be selling to the highest points on demand curves that previously were unsatisfied altogether.

You can cite the deadweight loss of monopoly all you want, but were getting more outputs of other stuff.  Value-added could be either higher or lower, productivity too.

The Schumpeterian tradition, of course, suggested that market power would boost innovation.  There are at least two first-order effects pushing in this direction.  First, the monopoly has more free cash for R&D, and second there is a lower chance of the innovation benefiting competing firms too.  I dont view the monopoly boosts innovation hypothesis as confirmed, but it probably has commanded slightly more sympathy from researchers than the opposite point of view.  Bell Labs did pretty well.  In any case, partial equilibrium output restrictions wont get you to any kind of smooth conclusion about monopoly causing low productivity growth.

Lets say instead that every sector is ruled by monopolistic competition, ala Chamberlin.  In the model, that puts firm production at points on the AC curves above minimum AC for each firm or sector.  You might consider that to be a productivity problem, though of course you must compare it to the rise in product diversity that follows from monopolistic competition.

But under those same conditions, profits are zero and so the mark-up arguments from the DeLoeker and Eeckhout paper do not apply and indeed cannot hold.

I find most of what is written on monopoly and productivity these days to be under-theorized.

The post Productivity and market power in general equilibrium appeared first on Marginal REVOLUTION.

14:37

Robin Hansons take on the rising margins debate, Karl Smith too Marginal REVOLUTION

He has a long post, with many points of interest, here is the concluding section:

If, like me, you buy the standard free entry argument for zero expected economic profits of early entrants, then the only remaining explanation left is an increase in fixed costs relative to variable costs. Now as the paper notes, the fall in tangible capital spending and the rise in accounting profits suggests that this isnt so much about short-term tangible fixed costs, like the cost to buy machines. But that still leaves a lot of other possible fixed costs, including real estate,  innovation, advertising, firm culture, brand loyalty and prestige, regulatory compliance, and context specific training. These all require long term investments, and most of them arent tracked well by standard accounting systems.

I cant tell well which of these fixed costs have risen more, though hopefully folks will collect enough data on these to see which ones correlate strongest with the industries and firms where markups have most risen. But I will invoke a simple hypothesis that Ive discussed many times, which predicts a general rise of fixed costs: increasing wealth leading to stronger tastes for product variety. Simple models of product differentiation say that as customers care more about getting products nearer to their ideal point, more products are created and fixed costs become a larger fraction of total costs.

As always, I am very pleased to have Robin as my colleague and friend.  And from Karl an excellent post, his conclusion:

The sweeping away of the small generalized firm made room for the rise of increasingly specialized local businesses, offering what might think of as a more artisanal experience. These firms have increased markups, but those markups dont represent a lack of competition. Instead, they represent a return to the particular skills or vision necessary to make a specialized product. Economists refer to this market pattern as monopolistic competition, and it is the source of variety that consumers in a wealthy developed economies desire.

If my story is correct, then the trend towards higher markups is indeed linked to the major changes sweeping the American economy. However, it isnt the cause of them. Its another consequence of the massive changes introduced by globalism and the radical changes in retailing.

There are additional points of interest...

14:20

The Deep States 3 Stage Revolution Against the People The Daily Coin

The Deep States 3 Stage Revolution Against the People by Dave Hodges The Common Sense Show Most people in this country fail to recognize where they are at with regard to history. The majority do not ee that we...

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14:00

Germany & The US Strangely Broadcast Messages About Gold Holdings (Video) The Daily Coin

Germany & The US Strangely Broadcast Messages About Gold Holdings Video X22 Report UK retail sales decline at the fastest pace since 2016. Sears is in trouble they are closing more stores as sales decline. First it was new...

The post Germany & The US Strangely Broadcast Messages About Gold Holdings (Video) appeared first on The Daily Coin.

13:59

Tillerson & Exxon: Running Wild In The Middle East ~ The Fascist Promised Land Political Vel Craft

The currently stateless [Sunni] Kurds sit astride the Iraq-Syria border on land blessed/cursed with oil, other resources, and geopolitical significance. Is it any wonder that mega-corporations and their client states are looking to use the [Sunni] Kurds, stoke conflict, and exploit the situation? Years before the U.S. illegally invaded and then occupied Iraq, plans were []

13:40

Volatility Makes a Comeback The Daily Coin

Volatility Makes a Comeback by Jim Rickards Daily Reckoning Volatility has languished near all-time lows for months on end. Thats about to change. For almost a year, one of the most profitable trading strategies has been to sell volatility....

The post Volatility Makes a Comeback appeared first on The Daily Coin.

13:30

Murray Rothbard: An Uncompromising Optimist Mises Wire

By: Jeff Deist
Murray Rothbard

Murray Rothbard has been gone more than 20 years now, his brilliance, wit, and irreplaceable insights taken from us far too soon. At home in New York City over a Christmas break from his teaching duties at the University of Nevada, Rothbard accompanied his beloved wife Joey to her optometrist appointment on a bitterly cold day. A few moments later, on January 7th 1995, he was gone lost to heart failure at the age of 68.

What he left behind was not only a grieving wife, countless friends and colleagues, and fans of his work around the world. He also left a legacy of academic and popular work that is virtually unrivaled in its sheer magnitude, in the depth and breadth of his knowledge, expertise, and interests. Murray was not only an economist and libertarian scholar, but also a philosopher, historian, political scientist, legal theorist, ethicist, sociologist, mentor, and journalist all apart from his moonlighting as an amateur sports analyst, election handicapper, and movie critic.

It is this legacy, his immense body of work, that cements his position as a preeminent libertarian thinker of the 20th century. It is what makes him relevant today, and will keep him relevant for the decades to come. In todays world full of white noise and dilettantes, the substance of his work sets him apart.

An Immense Body of Work

Rothbards career spanned more than four decades, during which he produced more than 30 full-length books. Man, Economy, and State, his sweeping economics text, is regarded as one of the four landmark treatises of the Austrian school. His academic work in areas like money, monopoly, price theory, and economic calculation all represented great strides for the Austrian school. He dramatically advanced our understanding of business cycles, and took particular pleasure in correcting enduring myths about banking in What Has Government Done to Our Money?, The Mystery of Banking, A History of Money and Banking in the United States, and Economic Depressions: Their Cause and Cure.

But much of his greatest scholarship was outside the field of pure economics. He demolished arguments for government as a necessary evil while offering a wholesale libertarian manifesto in The Anatomy of the State. He presented the groundbreaking normative argument for laissez-faire in The Ethics of Liberty, making a courageous (and still controversial) break from the utilitarianism and classical liberal traditions of his mentors. He upended the illiberal and unnatural arguments for state-enforced equality in...

Are Central Banks Nationalising the Economy? Mises Wire

By: Daniel Lacalle
central bank cash.jpg

The FT recently ran an article that states that leading central banks now own a fifth of their governments total debt.

The figures are staggering.

  • Without any recession or crisis, major central banks are purchasing more than $200 billion a month in government and private debt, led by the ECB and the Bank of Japan.
  • The Federal Reserve owns more than 14% of the US total public debt.
  • The ECB and BOJ balance sheets exceed 35% and 70% of their GDP.
  • The Bank of Japan is now a top 10 shareholder in 90% of the Nikkei.
  • The ECB owns 9.2% of the European corporate bond market and more than 10% of the main European countries total sovereign debt.
  • The Bank of England owns between 25% and 30% of the UKs sovereign debt.

A recent report by Nick Smith, an analyst at CLSA, warns of what he calls the nationalization of the secondary market.

The Bank of Japan, with its ultra-expansionary policy, which only expands its balance sheet, is on course to become the largest shareholder of the Nikkei 225s largest companies. In fact, the Japanese central bank already accounts for 60% of the ETFs market (Exchange traded funds) in Japan.

What can go wrong? Overall, the central bank not only generates greater imbalances and a poor result in a zombified economy as the extremely loose policies perpetuate imbalances, weaken money velocity, and incentivize debt and malinvestment.

Believing that this policy is harmless because there is no inflation and unemployment is low is dangerous. The government issues massive amounts of debt and cheap money promotes overcapacity and poor capital allocation. As such, productivity growth collapses, real wages fall and purchasing power of currencies fall, driving the real cost of living up and debt to grow more than real GDP. That is why, as we have shown in previous articles, total debt has soared to 325% of GDP while zombie companies reach crisis-high levels, according to the Bank of International Settlements.

Government-issued liabilities monetized by the central bank are not high-quality assets, they are an IOU that is transferred to the next generations, and it will be repaid i...

13:20

This Development Will Have A Massively Bullish Impact On The Silver Market The Daily Coin

This Development Will Have A Massively Bullish Impact On The Silver Market from King World News As we near the end of summer, this development is going to have a massively bullish impact on the silver market. Industrial Metals Breakout! By Sam Broom,...

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13:00

Joe Rogan reacts to Peter Schiffs Goldmoney 18K MasterCard (Video) The Daily Coin

Joe Rogan reacts to Peter Schiffs Goldmoney 18K MasterCard Video Peter Schiff TDC Note Peter Schiff is on top of his game!! Well worth your time. Language alert when Joe Rogan gets his hands on the 18k gold...

The post Joe Rogan reacts to Peter Schiffs Goldmoney 18K MasterCard (Video) appeared first on The Daily Coin.

12:53

Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way oftwominds-Charles Hugh Smith

Many of those about to be vaporized did not grasp the fragility of the "prosperity" they assumed was both solid and permanent.
Business-cycle recessions are not just inevitable, they are necessary to flush bad debt and marginal investments/projects from the system.
The next recession--which I suggested yesterday has just begun--will be more than a business-cycle downturn; it will be a devastating meteor storm that destroys huge chunks of the economy while leaving other sectors virtually untouched.
The dynamic that's about to play out is simple: wages for the bottom 95% have gone nowhere for 17 years, while costs have soared far above official inflation for everyone exposed to real-world costs.
...

12:48

[KR1114] Keiser Report: Empire of Debt Max Keiser and Stacy Herbert

We discuss the narcissism of central banks holding $15 trillion in their own assets. We also discuss Morgan Stanley saying that some of their investors see Bitcoin as a better hedge to inflation than gold. Max continues his interview with Dan Collins of TheChinaMoneyReport.com to discuss the looming trade war between the US and China, and the mountain of US treasuries owned by China.

12:40

This Chart Might Make You Rethink the Adage Stocks Always Come Back The Daily Coin

This Chart Might Make You Rethink the Adage Stocks Always Come Back by Jeff Clark GoldSilver It was a pretty simple inquiry on my part: Mike Maloney predicts the stock market is facing the mother of all crashesif hes...

The post This Chart Might Make You Rethink the Adage Stocks Always Come Back appeared first on The Daily Coin.

12:20

Why the US Economy is Stuck in an Irreversible Destructive Cycle The Daily Coin

Why the US Economy is Stuck in an Irreversible Destructive Cycle by London Paul Rogue Money In a further signal of the weakening US economy, borrowing amongst US consumers continue to grow which correspondingly sees the total outstanding debt...

The post Why the US Economy is Stuck in an Irreversible Destructive Cycle appeared first on The Daily Coin.

12:07

Double Down with Craig Hemke Max Keiser and Stacy Herbert

Spanish conquistador, Herman Cortes, once opined that the Spanish had a sickness of the heart that only gold can cure. Do todays gold investors also have a sickness of the heart that only a rising fiat exchange price can cure? And is bitcoins charm standing in the way of that cure? Craig Hemke of TFMetalsReport.com says that gold and bitcoin complement each other and those gold bugs hating on the cryptocurrency sector have got it wrong. But will gold rise again? Hemke says watch out for $1320 and then maybe the sickness at the heart of the gold investor community will be cured.

Click this image to listen!

Click on image above, or here, to listen to the podcast.

12:00

Keiser Report: Empire of Debt (Video) The Daily Coin

Keiser Report: Empire of Debt Video RT Max & Stacy discuss the narcissism of central banks holding $15 trillion in their own assets. They also discuss Morgan Stanley saying that some of their investors see Bitcoin as a better...

The post Keiser Report: Empire of Debt (Video) appeared first on The Daily Coin.

11:40

More American Troops to Afghanistan, To Keep the Chinese Out? Lithium and the Battle for Afghanistans Mineral Riches The Daily Coin

More American Troops to Afghanistan, To Keep the Chinese Out? Lithium and the Battle for Afghanistans Mineral Riches By Prof Michel Chossudovsky  Global Research TDC Note Not only is it about heroin, but the fact that Afghanistan is sitting on...

The post More American Troops to Afghanistan, To Keep the Chinese Out? Lithium and the Battle for Afghanistans Mineral Riches appeared first on The Daily Coin.

11:20

Ronald Bernard, Dutch Banker Who Exposed Illuminati, Found Dead The Daily Coin

Ronald Bernard, Dutch Banker Who Exposed Illuminati, Found Dead by Baxter Dmitry New Punch Ronald Bernard, the elite Dutch banker who exposed the financial industry Illuminati in a series of TV interviews, has been found dead in Florida. He...

The post Ronald Bernard, Dutch Banker Who Exposed Illuminati, Found Dead appeared first on The Daily Coin.

11:00

China Demands U.S. Immediately Withdraw New Sanctions, Warn They Will Damage Ties (Video) The Daily Coin

China Demands U.S. Immediately Withdraw New Sanctions, Warn They Will Damage Ties Video DHABOO China demanded Wednesday that the United States immediately withdraw new sanctions on companies and individuals trading with North Korea, saying that such punitive measures will...

The post China Demands U.S. Immediately Withdraw New Sanctions, Warn They Will Damage Ties (Video) appeared first on The Daily Coin.

10:40

20 Preppers Speculate What Civil War 2.0 Would Look Like in America The Daily Coin

20 Preppers Speculate What Civil War 2.0 Would Look Like in America by Daisy Luther The Organic Prepper The division in America has become so dramatic over the past year that many people can only foresee it heading one...

The post 20 Preppers Speculate What Civil War 2.0 Would Look Like in America appeared first on The Daily Coin.

10:20

Russia Starts Working on Blockchain Standardization The Daily Coin

Russia Starts Working on Blockchain Standardization from Russia-Insider After initial distrust Russia has grown enthusiastic about the possibilities the new technology offers Russias Federal Agency for Technical Regulation and Metrology (Rosstandart) appointed a new technical committee to work on the...

The post Russia Starts Working on Blockchain Standardization appeared first on The Daily Coin.

10:03

Despite Two Raids Gold & Silver Only Slightly Down The Daily Coin

Despite Two Raids Gold & Silver Only Slightly Down Harvey Organ GOLD: $1286.85 DOW $2.15 Silver: $16.98 DOWN 9 CENTS Closing access prices: Gold $1290.40 silver: $17.08 SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI...

The post Despite Two Raids Gold & Silver Only Slightly Down appeared first on The Daily Coin.

10:00

Q & A with Lynette Zang (Video) The Daily Coin

Q & A with Lynette Zang Video ITM Trading Video Source

The post Q & A with Lynette Zang (Video) appeared first on The Daily Coin.

09:57

UN rights experts criticize US failure to unequivocally reject racist violent events Follow The Money

http://www.un.org/apps/news/story.asp?NewsID=57399#.WZ47zSgjGUl

The United Nations body monitoring implementation of the global convention on prohibiting racial discrimination has called on high-level politicians and public officials of the United States to unequivocally and unconditionally reject and condemn racist hate speech and crimes in Charlottesville and throughout the country.

We are alarmed by the racist demonstrations, with overtly racist slogans, chants and salutes by white nationalists, neo-Nazis, and the Ku Klux Klan, promoting white supremacy and inciting racial discrimination and hatred, said Anastasia Crickley, Chairperson of UN Committee on the Elimination of Racial Discrimination (CERD), in a news release.

In a decision issued under its early warning and urgent action procedure, the Committee, which monitors implementation of...

09:49

Tillerson ups pressure on Pakistan Follow The Money

http://www.bbc.com/news/world-us-canada-41019114

American Secretary of State Rex Tillerson has increased pressure on Pakistan over its perceived backing for the Taliban in Afghanistan.

Pakistan denies sheltering the Taliban, but Mr Tillerson suggested it could lose US privileges if the government failed to change their posture.

He was speaking a day after President Donald Trump unveiled a new strategy, vowing to commit US forces to back Afghan forces fighting the insurgents.

The US is a key ally of Pakistan.

The country enjoys a special status as a non-Nato alliance partner and receives billions of dollars in aid.

But Mr Tillerson said these could be on the table for discussion if in fact they are unwilling to change their posture or change their approach to how they are dealing with the numerous terrorist organisations that find safe haven in Pakistan.

It is in Pakistans interest to take those actions.

Mr Tillerson also stressed that hav...

09:47

How Snowball Earth led to the evolution of complex life Follow The Money

http://newatlas.com/rise-of-algae-snowball-earth-animal-evolution/50934/

For billions of years bacteria dominated the globe, but at some point a major transition occurred and complex multicellular life began to take hold. The when and why of this transition has been the source of great debate for years, but a team at the Australian National University (ANU) has made a discovery that could finally answer those questions and it takes us all the way back to a time when the Earth was a giant snowball.

An extreme ice age hit the planet around 717 million years ago. Known as the Sturtian glaciation, this event is more informally dubbed Snowball Earth and its thought to be the most extreme, and long-lasting, ice age the planet ever experienced. For around 50 million years, the entire globe was essentially covered in ice.

In between the Sturtian glaciation and the planets next, but much shorter, glaciation event there was a small stretch of around 15 million years. It is this relatively s...

09:40

Where Is The United States Gold? The Daily Coin

Where Is The United States Gold? by Dave Kranzley Investment Research Dynamics A concocted public relations scheme an event which resembled the annual Punxsutawney ground-hog viewing tradition  in which the Treasury Secretary emerges from Ft Knox and...

The post Where Is The United States Gold? appeared first on The Daily Coin.

09:30

Nebula Series: Interstellar Clouds The Big Picture

  For the last 16 months I have been creating nebula forms using particles controlled by physics. This short film is made from several nebula series from this period. A cloud that veils one of natures secret places. This is a stellar nursery, a place where stars are born. They condense by gravity from gas

Read More

The post Nebula Series: Interstellar Clouds appeared first on The Big Picture.

...

09:20

Can Jackson Hole Foster a Dynamic Global Economy? The Daily Coin

Can Jackson Hole Foster a Dynamic Global Economy? by Yra Harris Notes from the Underground This is the topic of discussion for this weeks meeting in Jackson Hole. For the Federal Reserve system, this is a statement, but I...

The post Can Jackson Hole Foster a Dynamic Global Economy? appeared first on The Daily Coin.

09:00

$1,400 Gold Price This Year! Major Bank Says Its Coming (Video) The Daily Coin

$1,400 Gold Price This Year! Major Bank Says Its Coming Video Silver Report Bank of America Chief commodities analyst says $1,400 Gold is approaching fast. That With ECB tapering combined with Fed reversing on interest rate hikes Can Send...

The post $1,400 Gold Price This Year! Major Bank Says Its Coming (Video) appeared first on The Daily Coin.

08:30

Syrian War Report: Second ISIS-held Pocket Is Created In Central Syria (Video) The Daily Coin

Syrian War Report: Second ISIS-held Pocket Is Created In Central Syria Video South Front Video Source

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08:30

Fed Models Facing Technological Disruption Financial Sense

FS Staff Technology is having a massive disinflationary impact on the global economy and, when it comes to interest rates and monetary policy, we need to rewrite the playbook to a certain degree, noted a strategist from BlackRock in a recent interview...

08:20

Negative Hallucination hypnosis experiment demonstration video MUST SEE The Daily Coin

Negative Hallucination hypnosis experiment demonstration video MUST SEE by: Mike Adams  Natural News In this mind-boggling short video, you can experiment firsthand how the mainstream media puts America under the SPELL of mass hypnosis, using a psychological phenomenon known as...

The post Negative Hallucination hypnosis experiment demonstration video MUST SEE appeared first on The Daily Coin.

07:57

Un-Precended Hurricane/Cat 4/Long Gas Stations Lines/Water (Video) The Daily Coin

Un-Precended Hurricane/Cat 4/Long Gas Stations Lines/Water Video BPEarth Watch TDC Note Just about 1pm CST this was a CAT 1-2 hurricane 3 hours later CAT 4. Video Source

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07:40

How the US Deep State Accidentally Forged a Multipolar World Order The Daily Coin

How the US Deep State Accidentally Forged a Multipolar World Order by Federico Peiraccini Strategic-Culture In every nation there are power conglomerates that determine and influence the domestic and foreign policy choices their nations. In the United States, it...

The post How the US Deep State Accidentally Forged a Multipolar World Order appeared first on The Daily Coin.

07:20

Avalanche of Ever Increasing Debt The Daily Coin

Avalanche of Ever Increasing Debt by Secular Investor via ZeroHedge With all the attention going to political tensions between the USA and North Korea and the interest rate policies and monetary policies established by the various central banks around the...

The post Avalanche of Ever Increasing Debt appeared first on The Daily Coin.

07:00

Inside Intel! Trumps Secret Strategy EXPOSED (Video) The Daily Coin

Inside Intel! Trumps Secret Strategy EXPOSED Video We Are Change Language Alert In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on U.S President Donald Trumps secret strategy as explained to us by Alex Jones...

The post Inside Intel! Trumps Secret Strategy EXPOSED (Video) appeared first on The Daily Coin.

06:46

More Proof That You Should Run, Not Walk, Away From Real Estate (Video) The Daily Coin

More Proof That You Should Run, Not Walk, Away From Real Estate Video Gregory Mannarino Video Source

The post More Proof That You Should Run, Not Walk, Away From Real Estate (Video) appeared first on The Daily Coin.

06:40

The Fed Just Admitted It No Longer Has a Clue Whats Going On The Daily Coin

The Fed Just Admitted It No Longer Has a Clue Whats Going On by Graham Summers Gains Pains Capital The Fed July FOMC minutes, that were released last week, were nothing short of extraordinary. However, to fully appreciate just...

The post The Fed Just Admitted It No Longer Has a Clue Whats Going On appeared first on The Daily Coin.

06:25

What in the world is going on? Part 4 Beyond Money

In this interview below Paul Craig Roberts describes the neo-conservative ideology that has driven geopolitics since the end of World War II, and discusses the elite agenda, the prospects for the Trump presidency, and the US economy.

He comes closer than in his earlier statements to highlighting the key control mechanism of dominationthe global money system, but still falls a bit short, as indicated by his statement that if there is a severe economic crisis in the US, the Federal Reserve will have to abandon the banks and save the dollar.

On that I disagree. Roberts seem not to realize that the FED, as well as virtually all of the other central banks of the various countries around the world, is controlled by the big transnational banks, and that they work together to, as Prof. Carroll Quigley said, create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.

The banking elite thereby control not only the dollar, but all of the other major world currencies. If the inflation rates or unemployment rates become too high in one country, the central banks can spread the misery around by monetizing various securities and manipulating interest rates and currency exchange rates.

For the past several decades the US dollar has been their primary monetary tool, but the dollar is not the be all and end all in their schemes. You can be sure that the banking elite always have a plan. At some time in the not too distant future when the dollar has outlived its usefulness, it will be replaced by a single global currency that will give the elite even tighter control over financial, economic, and political affairs around the globe.

The flies in the ointment of their plan are (1) a few governments that are bent on steering an independent monetary and financial course, and (2) the emergence of independent, non-governmental and decentralized exchange mechanisms and currencies. In the first case, Iraq under Saddam Hussein and Libya under Gaddafi were easily disposed of (but at tremendous costs). Russia and China pose a much bigger problem for the elite, hence the stalemate in Syria and the drum beat of propaganda against Putin and the fear mongering against the Chinese. With regard to alternative exchange mechanisms, the proliferation of virtual commodities like Bitcoin and others suggests that elite control may be vulnerable to innovative and disruptive technologies. But these virtual commodities mark only the beginning of the new paradigm in money and finance. Ultimately, ways will be found to create an internet...

06:20

If You Cant Change Your Mind, Change the Subject The Daily Coin

If You Cant Change Your Mind, Change the Subject By Andrew P. Napolitano  Lew Rockwell On the heels of his worst week in office, during which his crude comments about race were widely perceived as defending racism and hatred ...

The post If You Cant Change Your Mind, Change the Subject appeared first on The Daily Coin.

06:15

Hurricane Harvey Set to Wreak Havoc On Texas, Life-Threatening Flooding (Video) The Daily Coin

Hurricane Harvey Set to Wreak Havoc On Texas, Life-Threatening Flooding Video DAHBOO According to the latest warning from the National Hurricane Service (NHS), Harvey looks to be the first hurricane to strike the Texas coast since 2008. According to...

The post Hurricane Harvey Set to Wreak Havoc On Texas, Life-Threatening Flooding (Video) appeared first on The Daily Coin.

05:48

Off The Cuff: The Root Cause Of Much Of Today's Strife Peak Prosperity

Off The Cuff: The Root Cause Of Much Of Today's Strife

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • The Root Cause Of Much Of Today's Strive
    • Going off the gold standard in 1971
  • Financialization Has Led To Polarization
    • It has allowed for a very unfair distribution of wealth
  • Our Polarization Makes Us Susceptible To Fear
    • Which the media and special interests stoke
  • Stay Focused, Don't Act Out Of Fear
    • Intentional resilience is the antidote to today's chaos

Longtime Off The Cuff listeners are really going to enjoy this week's discussion, in which Chris and John dig into the more existential questions of "how did we get here?" and "how do we regain a hopeful future?" when looking at the increasingly extreme social rift occurring in today's society. Interestingly, they trace the root cause for a lot of today's strife back to the US' decision to take the world off the gold standard (i.e. sound money) in 1971. This removed a very important control, in the absence which the power players in government and the corporate world were able to increasingly warp the system to their own advantage through racketeering. Over time, the wealth has concentrated at the very top, leaving everyone else a thinner and thinner slice of the pie.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

Join the conversation

05:36

In The News Today Jim Sinclair's Mineset

Bill Holters Commentary So Jim Rickards says he has seen no proof the gold is gone and seen proof the gold IS in Ft. Knox. If this is the case, PLEASE SHOW US THE PROOF! Funny he mentions Eric Sprott in this article. Eric and I met Jim Rickards in London at the GATA conference... Read more

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

05:32

Jims Mailbox Jim Sinclair's Mineset

This gets more complex by the day. The swamp is now overflowing. EXCLUSIVE: White House Fingers Mitch McConnell As Media Leak; Believes GOP Leader Divulged Sensitive Intelligence on TrumpAugust 24, 2017 The White House is accusing Senate Majority Leader Mitch McConnell of waging a clandestine smear campaign against President Donald Trump, leaking sensitive internal communications... Read more

The post Jims Mailbox appeared first on Jim Sinclair's Mineset.

05:00

FSS Update Fracking Natural Med Music Manipulation (Video) The Daily Coin

FSS Update - Fracking - Natural Med - Music Manipulation (Video)

FSS Update Fracking Natural Med Music Manipulation Video Full Spectrum Survival Video Source

The post FSS Update Fracking Natural Med Music Manipulation (Video) appeared first on The Daily Coin.

04:40

3 Major Banks Are Now Warning of Another Global Recession The Daily Coin

3 Major Banks Are Now Warning of Another Global Recession from The Anti-Media Highlighting conditions similar to the lead-up to the 2008 financial crisis, three major Wall Street banks this month issued warnings that a proverbial Winter Is Coming for...

The post 3 Major Banks Are Now Warning of Another Global Recession appeared first on The Daily Coin.

04:30

2:00PM Water Cooler 8/24/2017 naked capitalism

Today's Water Cooler: NAFTA, Rove on Bannon (!), authoritarian followership, existing home sales, Jackson Hole, opioids, Anamorphic Games

04:30

Market Bottom Conditions Not Yet Confirmed Though Credit Markets Remain Healthy Financial Sense

Chris Puplava - Based on VIX options term structure, the current market correction is matching the fear readings seen at the November 2016 and June 2016 lows. Looking at the Russell 3000, we are oversold from a technical and breadth standpoint but have yet...

04:27

Should we welcome genetic engineering? Marginal REVOLUTION

That is the topic of my latest column from Bloomberg, here is one excerpt:

Would a more extroverted human race be desirable, all things considered? I genuinely dont know, but at the very least I am concerned. The current mix of human personalities and institutions is a delicate balance which, for all of its flaws, has allowed society to survive and progress. Im not looking to make a big roll of the dice on this one.

Its also not difficult to imagine parents wanting children who are relatively well-behaved. The same research paper found that mothers, after extroversion, preferred the trait of agreeableness in their children, again over both intelligence and conscientiousness.

I was struck by a recent Chinese report that some parents are asking for children who are able to drink socially, for business purposes, and thus trying to avoid some genes that make it difficult to process alcohol. Caveat emptor.

Best sentence: I dont trust people to take so much control over the future of human nature.

The post Should we welcome genetic engineering? appeared first on Marginal REVOLUTION.

04:25

Ghana-Gandhi sentences of the day Marginal REVOLUTION

Ghana has said it will remove a statue of Mahatma Gandhi from a university campus in the nations capital where it had sparked protests over the leaders allegedly racist attitudes.

The statue, which was unveiled by Indian President Pranab Mukherjee during his visit to Ghana in June, was meant to symbolize friendship between the two countries, according to Ghanas Ministry of Foreign Affairs. But professors and students at the University of Ghana called the statue a slap in the face because of Gandhis racist identity. They started an online petition calling for the statues removal.

The petition, which had more than 1,700 supporters on Thursday, cited letters Gandhi wrote during his time in South Africa as evidence that he advocated for the superiority of Indians over black Africans. It also took issue with his use of the derogatory term kaffir to refer to native Africans and criticized the lack of statues of African heroes and heroines on campus.

Here is the full story, noisy video at the link, via the excellent Samir Varma.

The post Ghana-Gandhi sentences of the day appeared first on Marginal REVOLUTION.

04:20

Will Americans Allow a Cultural Revolution To Destroy the Nation? The Daily Coin

Will Americans Allow a Cultural Revolution To Destroy the Nation? by Harley Schlanger Rogue Money America is experiencing a descent into chaos, as vulnerable youth and/or desperately poor people, of all races and of all political persuasions, are being...

The post Will Americans Allow a Cultural Revolution To Destroy the Nation? appeared first on The Daily Coin.

04:15

Can Kicking Time In The Imperial City David Stockman's Contra Corner

You have to hand it to the Donald. He speaks his mind, and so doing dropped an unwelcome verbal stink bomb on Capitol Hill during his Phoenix rant Tuesday night. If Mexico wont pay for my wall, he seemed to say, than Congress will----even if I have to shutdown the Imperial City to extract the first $1.6 billion of seed money...

04:14

The Story of Seafood Producers Cooperative Grassroots Economic Organizing

Remember this picture from Co-op Month 2016? It features some of the hardworking, talented fishermen who own the Seafood Producers Cooperative! This co-op is North Americas oldest, highly-successful fishermens cooperative, founded over 70 years ago by halibut fishermen in Seattle, Washington. Membership in the Seafood Producers Cooperative grew over the years into a co-op of over 575 fishermen providing the highest quality fish to dinner plates around the world. Over the years, one promise has held true fishermen own the cooperative and exercise control over fishing techniques and quality standards. Surely, fish from the Seafood Producers Cooperative tastes great!

Read the rest at Cooperatives for a Better World

 

Go to the GEO front page

04:10

Former Tamale House Staffers Are Opening a Taco Restaurant Co-Op Grassroots Economic Organizing

Our Taco House Co-op is seeking to become what might very well be Austins first cooperatively owned and run taco restaurant, courtesy of former Tex-Mex institution Tamale House #3 employees Shirley Trevino and Raquel Banda.

Trevino and Banda worked for the iconic Tamale House under beloved owner Robert "Bobby" Vasquez, who died in 2014. The restaurant closed soon after his death, and they turned to each other and asked, What are we going to do? Trevino recounted.

After learning about vegan cooperative bakery Red Rabbit (which closed in 2015), they were inspired: We could create the first worker-owned Tex-Mex cooperative in Austin, Trevino said. Plus, being worker-owners [as] minority women stood us out.

Read the rest at Austin Eater

 

Go to the GEO front page

04:06

Headlines of 2017 Marginal REVOLUTION

Robo-Adviser Tries to Reach Muslim Investors (WSJ, on-line header differs)

And just to remind you this truly is 2017, here is another of todays headlines (NYT):

Frances Macron Looks to Confront Eastern Europe Over Cheap Labor

Macron: overrated, as Ive said from the beginning.  As for the robo-advisers, well have to see.

The post Headlines of 2017 appeared first on Marginal REVOLUTION.

04:00

Sprott Money News Ask the Expert: Nomi Prins (Video) The Daily Coin

Sprott Money News Ask the Expert: Nomi Prins Video Sprott Money Renowned journalist and author, Nomi Prins, fields questions from Sprott Money customers on topics ranging from the Federal Reserve system to the gold in Fort Knox. Video Source

The post Sprott Money News Ask the Expert: Nomi Prins (Video) appeared first on The Daily Coin.

03:39

Gold crossing the Rubicon The Daily Coin

silver gold

Gold crossing the Rubicon by Alasdair Macleod GoldMoney Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a...

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03:30

Tech Panic The Big Picture

Really cool from Wired:   click for full interactive media  Source: Wired  

The post Tech Panic appeared first on The Big Picture.

03:30

Southern Secession Was One Thing and the War to Prevent It Was Another Mises Wire

By: Ryan McMaken
unionsoldiers.PNG

There's an old saying that "he who distinguishes well teaches well." In other words, if one's going to talk about an important subject, one should be able to define his terms and tell the difference between two things that are not the same. 

This wisdom, unfortunately, is rarely embraced by modern pundits arguing about the causes of the American Civil War. A typical example can be found in this article at the Huffington Post in which the author opines: "This discussion [over the causes of the war] has led some people to question if the Confederacy, and therefore the Civil War, was truly motivated by slavery."

Did you notice the huge logical mistake the author makes? It's right here: "...the Confederacy, and therefore the Civil War...."

The author acts as if the mere existence of the Confederacy inexorably caused the war that the North initiated in response to it. That is, the author merely assumes that if a state secedes from the United States, then war is an inevitable result. Moreover, she also wrongly assumes that the motivations behind secession were necessarily the same as the motivations behind the war. 

But this does not follow logically at all. If California, for example, were to secede, is war therefore a certainty? Obviously not. The US government could elect to simply not invade California in response. 

Moreover, were war to break out, the motivations behind a Californian secession are likely to be quite different from the motivations of the US government in launching a war. For the sake of argument, let's say the Californians secede because they couldn't stand the idea of being in the same country with a bunch of people they perceive to be intolerant rubes. But, what is a likely reason for the US to respond to secession with invasion? A US invasion of California is likely to be motivated by a desire to extract tax revenue from Californians, and to maintain control of military bases along the coast. 

Thus it would be absurd to equate the motivations of the California secessionists with those of the advocates for the invasion of California. 

To put it simply: an act of secession, and a war that may follow it, are not the same thing. 

And yet we find that commentary on the Civil War repeatedly conflates secession with the Civil War itself as if they were the same...

03:20

Did Sanders Voters Tip the 2016 Election to Trump? naked capitalism

Framing and reframing new data results from the CCES survey on election 2016.

03:20

Beware the real Political Threat from Within The Daily Coin

Beware the real Political Threat from Within by Martin Armstrong Armstrong Economics The future of military and eventually police is to replace the boots on the ground with robots. Duke Robotics has come out now with drones that carry...

The post Beware the real Political Threat from Within appeared first on The Daily Coin.

03:00

Combating Health Tyranny With Knowledge And Defensive Eating With Mike Adams (Video) The Daily Coin

Combating Health Tyranny With Knowledge And Defensive Eating With Mike Adams Video by Vin Armani  Activist Post In this video, the Health Ranger Mike Adams joins Vin Armani for a powerful discussion on how to protect yourself against the biggest...

The post Combating Health Tyranny With Knowledge And Defensive Eating With Mike Adams (Video) appeared first on The Daily Coin.

02:40

CyberWar Risk Was US Navy Victim of Hacking The Daily Coin

CyberWar Risk Was US Navy Victim of Hacking by Jan Skoyles Gold Core U.S. Navy collisions: More than a coincidence? Latest U.S. Navy collision is fourth involving a Seventh Fleet warship this year Have US Navy vessels...

The post CyberWar Risk Was US Navy Victim of Hacking appeared first on The Daily Coin.

02:20

Top 8 organic MISTAKES most people make because they have not done the research The Daily Coin

Top 8 organic MISTAKES most people make because they have not done the research by: S.D. Wells  Natural News There are no absolutes when it comes to a healthy lifestyle and clean eating. Many foods that were perfectly wholesome just months...

The post Top 8 organic MISTAKES most people make because they have not done the research appeared first on The Daily Coin.

02:18

Thursday assorted links Marginal REVOLUTION

1. Noah Smith responds on market power.  I say concentration alone doesnt mean much; thats been accepted since the 1970s, and I still see no evidence for market power showing up as retail output restrictions at a higher pace, and that is the most direct and welfare-relevant prediction of the theory.  Without that evidence, the story doesnt have support, and the burden of proof is on that side of the argument.  (Furthermore I am worried that they dont even mention this test, much less perform it.)  And if intermediate input market power doesnt trickle down into consumer goods output restrictionsits like that proverbial tree falling the forest.

And here is a Matt Yglesias dialogue with the authors, I havent heard it yet.

2. There is a world championship in Excel spreadsheets, and it was just won by a 17-year-old from northern Virginia.

3. Robin Hansons Age of Em TED talk.

4. Andrew Batson on Chekhovs Sakhalin Island.

5. Julia Galef lists (but does not endorse) unpopular ideas.  I agree with very few of them, by the way, but they are intrinsically interesting to ponder.  What also strikes me is the implicit terms of debate, mostly moves toward greater social liberalism.  How about Christian or extremely non-egalitarian ideas?

6. Are walking marriages disappearing in Sichuan?

The post Thursday assorted links appeared first on Marginal REVOLUTION.

02:15

Is Gold The Biggest Fraud In History? The Event Chronicle

Gold Vault

Gold has been used as a form of currency for thousands of years, and even today is a huge part of the world economy due to how stable the gold market is.

But some claim that 80% of the gold owned today doesnt actually existIf this is true, it would be the largest case of fraud in history.

02:00

The Truth About The Culture War, Antifa And The Alt Right (Video) The Daily Coin

The Truth About The Culture War, Antifa And The Alt Right Video Press for Truth Never before has America been so politically divided! Alt right nationalists are clashing with alt left socialists because both sides of the political spectrum...

The post The Truth About The Culture War, Antifa And The Alt Right (Video) appeared first on The Daily Coin.

01:53

Silver Shield MiniMintage Summer Update (Video) The Daily Coin

Silver Shield MiniMintage Summer Update Video Truth Never Told Video Source

The post Silver Shield MiniMintage Summer Update (Video) appeared first on The Daily Coin.

01:52

August 24: Daily Contrarian Reads David Stockman's Contra Corner

My daily contrarian reads for Thursday, August 24th, 2017.

01:50

Can Trump Deal with North Korea and China? Project Syndicate RSS-Feed

For years, Americans have misunderstood the nuclear threat from North Korea, and overestimated the importance of bilateral trade deficits with China. Now, these two issues are intersecting, and yet Donald Trump is threatening to erect new trade barriers against China just when he needs its help to rein in the Kim regime.

01:34

NEW EASTERN ENERGY CARTEL: Replacement to the Dead Petro-Dollar The Daily Coin

NEW EASTERN ENERGY CARTEL: Replacement to the Dead Petro-Dollar by Jim Willie GoldSeek The Petro-Dollar is dead. It had served so well for over 40 years in maintaining the USDollar as global currency reserve, while keeping tight the controls...

The post NEW EASTERN ENERGY CARTEL: Replacement to the Dead Petro-Dollar appeared first on The Daily Coin.

01:30

Ethical Banking in Croatia Grassroots Economic Organizing

Adam Simpson: In your own words, how would you define ethical banking? And how does it differentiate from traditional banks?

Goran Jeras: I wouldn't use the word traditional because I think that banks started as a very similar institution to what were doing, so to some extent back its to the roots. Because the banks were not usually founded by rich guys that wanted to control the world. Typically, they were founded by people that didn't have enough money, who wanted to pool their resources in one way or another. There is a definition of an ethical bank that we refer to. An ethical bank needs to have the following characteristics:

  1. It needs to be fully owned by its customers, so there are no shareholders in a bank who don't have also interesting in services the bank is providing.
  2. It needs to be democratically governed, for instance, one member or one principal regardless of the amount of the capital that the member in the bank possesses.
  3. There must be an equal emphasis on the importance balance between financial, social, and environmental goals. All three aspects of an investment of the ethical bank needs to be positive, and finally from our part in that it needs to be local.
  4. The bank needs to keep and maintain an individual relationship with all its clients and customers, which isnt possible if it becomes a big international institution.
  5. Transparency is also important. The role of the bank is to manage other peoples funds, so those people have every right to exactly know where their money is going and why it is going there, why it is assessed to be a good thing the three abovementioned aspects.

Our model of growth is based on expanding the model to different communities, sharing the costs of infrastructure, establishing common investment and collaboration schemes for areas of mutual interest, but to keep governance independence at the local levels. We think that is very important.

Read the rest at The Next System Project

Read more about ebank

 

Go to the GEO...

01:28

Daily Digest 8/24 - Debt Brinksmanship Could Test U.S. Credit, The Price Of Appeasing The Left Peak Prosperity

Daily Digest 8/24 - Debt Brinksmanship Could Test U.S. Credit, The Price Of Appeasing The Left
  • Debt Ceiling Brinksmanship Could Test U.S. Top-Notch Credit Rating
  • Gavekal On The Coming Clash Of Empires: Russia's Role As A Global Game-Changer
  • After intimate pat-down, she wonders how much privacy must we give up to fly safely? 
  • Without Peeking, Can You Tell Me This Mans Name? 
  • Mizzou Pays a Price for Appeasing the Left
  • Seize The Means Of Automation
  • Grenfell Was No Ordinary Accident
  • Florida Lawmakers to Review Law Targeting Injured Undocumented Workers
  • Can Mexico Replicate The U.S. Shale Boom?
  • Why Oil-Loving Louisiana Should Embrace Americas Coming Offshore Wind Boom

Join the conversation

01:20

Heres a FANTASTIC security tool you should really know about The Daily Coin

Heres a FANTASTIC security tool you should really know about by Simon Black Sovereign Man Chances are you probably use a cloud service to store at least a portion of your files. Dropbox. iCloud. Microsofts OneDrive. Mega. Box. Theres...

The post Heres a FANTASTIC security tool you should really know about appeared first on The Daily Coin.

01:19

The Endowment Effect Marginal REVOLUTION

A good video on the endowment effectthese people are crazy!

The post The Endowment Effect appeared first on Marginal REVOLUTION.

01:00

Most Expensive Market EVER Based on THIS! Alarm Bells Ringing! (Video) The Daily Coin

Most Expensive Market EVER Based on THIS! Alarm Bells Ringing! Video The Money GPS Video Source

The post Most Expensive Market EVER Based on THIS! Alarm Bells Ringing! (Video) appeared first on The Daily Coin.

00:45

Fishing to live: Time for action to support and protect small-scale fisheries Eco-Business

New study maps the policy dilemmas affecting those who provide most of the fish we eat.

00:40

Apartment Dweller Preparedness Recommendations The Daily Coin

Apartment Dweller Preparedness Recommendations by Ken Jorgustin Modern Survival Blog About 23% of all people in the United States live in an apartment dwelling (structure type: 2 or more units). Thats about 68 million people according to nmhc.org 2015...

The post Apartment Dweller Preparedness Recommendations appeared first on The Daily Coin.

00:27

Touching Grace Stories by umair haque on Medium

A Little Closer to the Point of it All

If I could sum up this age in word, itd be hostility. Wherever we go, whatever do, there it is. Petty nastiness over even the smallest differences. Hostility on social media, on TV, in the news, hostility between left to right, fringe and center, young and old, poor and fortunate, hostility, enmity, oppositionality, polarity, all day, every moment, endlessly. How does it make you feel?

I want to tell you a little story.

When I was ten or so, at school, they asked me: what do you want most in life? Imagine asking little children that question for a moment, which implies that life is about the pursuit of desire, not the price of love. They were training us to be little warriors, you see. So the little ones dutifully replied money! cars! a mansion!, and so on. Until they got to me. I frowned, thought very hard in my tiny mind, and said, I think what I want most is peace.

Peace?, the teacher replied, puzzled. Likeworld peace?

No, little me said. Just peace in me.

The kids tittered, as kids do, the teacher frowned in disapproval, as teachers do, and never again was that awkward moment mentioned. Peace. What does a child know? What does a child not know? The child in me already knew something, just a little something, of the battles raging in me, and already wanted respite from them. Me against the world. Me against everyone else. Me against life. Battle. Thats what they teach us life is, isnt it? Not how to really be ourselves, but how to make these wars, in this truest and most deadly of ways.

Fast forward a few decades. Im a good warrior. Ive won all my battles. My books have been published, Ive won some tiny degree of fame, money, respect, and so on. Theres just one catch, one price, one problem. Everyones also an enemy when all you are is the worlds greatest warrior. So my life is one long, endless, wearying war, in which relationships, happiness, meaning, truth, people are all expendable. Casualties. Friendly fire. And slowly, though Im young, war, which is death, is asking its price: me. In a true and real way. Of my possibility to love, to know, to feel. Im becoming dead relationally, mentally, physically, socially, to love, to life, to grace. War. The most deadly of ways. The battles raging in me. They are also the battles raging in you, too.

What I wanted was peace, yet all Id really earned, in this adversarial way of life Id been taught, was the opposite. Rage, turmoil, fury, becoming the storm, and do you know what those really are? They are forms of hopelessness, powerlessness, numbness, despair. They are prisons of the human soul, because every instant you live them is an instant you are not (by definition) happy, self-aware, capable of appreciating or enacting beauty or truth or wo...

00:20

Mnuchins PR Visit to Fort Knox proves nothing about the US Gold Reserves The Daily Coin

Mnuchins PR Visit to Fort Knox proves nothing about the US Gold Reserves by Ronan Manly Bullion Star On the afternoon of Monday, August 21, US Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, Kentucky Governor Matt Bevin,...

The post Mnuchins PR Visit to Fort Knox proves nothing about the US Gold Reserves appeared first on The Daily Coin.

00:02

Le Coop Verte Transforms Run-Down Historic Site in Quebec Into Vibrant Hostel Shareable New Articles

It's summer in Chicoutimi, a town of 70,000 people in the picturesque Saguenay region in the Canadian province of Quebec. On Avenue Price, one of the city's main drags, behind a vast wooden house with bright red shutters, light from a campfire dances on the crowded backyard patio. A few guys with acoustic guitars sing a Qubcois campfire song, to loud applause from a group of backpackers from Ontario. Inside, in the basement, a tattooed bartender serves up local microbrews to patrons.

00:00

The Normalization Of The Cashless Society (Video) The Daily Coin

The Normalization Of The Cashless Society Video WAM Josh Sigurdson reports on the recent story of Siberian doctor Aleksandr Volchek who willingly got 6 different RFID implants in order to unlock doors and pay for items. He calls it...

The post The Normalization Of The Cashless Society (Video) appeared first on The Daily Coin.

00:00

EU Bailout Costs = Burden for Years The Big Picture

Interesting discussion about European bank bailouts from the Financial Times: The United Sates ostensibly broke even on its bailout rescue of banks; European countries are not likely to be as lucky.   Source: Financial Times  

The post EU Bailout Costs = Burden for Years appeared first on The Big Picture.

00:00

The future of work in developing Asia Eco-Business

While Asia's labour market has shifted dramatically in recent years with more workers having better paying and more productive jobs, the region's job challenge is far from over. Trade and technology can help, says ADB's Ingrid van Wees.

Common moss may prove a cheap city pollution monitor, say scientists Eco-Business

Analysing nearly 50 types of moss, Japanese scientists propose a cost-effective and important "bioindicator" for urban pollution and atmospheric changes.

Thursday, 24 August

23:40

U.S. Banks Precious Metals Derivative Exposure Surged In The Beginning Of 2017 The Daily Coin

U.S. Banks Precious Metals Derivative Exposure Surged In The Beginning Of 2017 by Steve St. Angelo SRSRocco Report According to the most recent report on the U.S. Financial Institutions Derivatives trading activity, the U.S. banks held a record amount...

The post U.S. Banks Precious Metals Derivative Exposure Surged In The Beginning Of 2017 appeared first on The Daily Coin.

23:30

The Post-Crisis Elephant in the Room Project Syndicate RSS-Feed

The global financial crisis that began in August 2007 resulted from a massive, unavoidable cognitive mistake on the part of not just bankers, but also the regulators who wanted to prevent it. Ten years later, few are willing to admit this fact, let alone explore what is needed to prevent another disaster.

23:20

BUNDESBANK COMPLETES REPATRIATION OF $28 BILLION IN GOLD THREE YEARS AHEAD OF SCHEDULE The Daily Coin

BUNDESBANK COMPLETES REPATRIATION OF $28 BILLION IN GOLD THREE YEARS AHEAD OF SCHEDULE from Gold Broker On January 16, 2013, the Bundesbank one of the biggest gold holder in the world, with 3,378 tonnes shocked the world: out of...

The post BUNDESBANK COMPLETES REPATRIATION OF $28 BILLION IN GOLD THREE YEARS AHEAD OF SCHEDULE appeared first on The Daily Coin.

23:00

Who Wants to Deregulate Finance? Project Syndicate RSS-Feed

Because central bankers typically make a virtue of understatement and ambiguity, a recent interview by Federal Reserve Vice Chairman Stanley Fischer, in which he expressed strong reservations about the Trump administration's intentions, has fueled concerns about a return to the pre-2008 status quo. But are such fears well founded?

22:59

The United Nations Issues A Warning For The US (Video) The Daily Coin

The United Nations Issues A Warning For The US Video X22 Report The indictment for the Awans is missing something very important according to the former State Attorney. The corporate media is trying to push the idea that the...

The post The United Nations Issues A Warning For The US (Video) appeared first on The Daily Coin.

22:28

Cyberwar Risk Was U.S. Navy Victim Of Hacking? Max Keiser and Stacy Herbert

U.S. Navy collisions: More than a coincidence?
Latest U.S. Navy collision is fourth involving a Seventh Fleet warship this year
Have US Navy vessels become victims of hacking asks Rickards
Chief of Naval Operations, Adm. John Richardson, has not ruled out cyber intrusion
 Once is happenstance. Twice is coincidence. The third time its enemy action  Ian Fleming
Cyber security cause for concern in autonomous vehicles, aeroplanes and now ships
Serves as reminder that a connected world can expose and create vulnerabilities
Cyber security a major threat to banking and financial industry
Investors should hold physical gold as insurance against hacking, cyber attacks

Source: Navylive

The tragic U.S.Navy incident of the USS John McCain earlier in the week has raised several questions about the cause. Many are wondering if it was more than human error given this is not an isolated incident.

In the last year there have been four collisions in the area, including the latest one. So far in 2017, 17 US sailors have died in the Pacific southeast in events which have been attributed to accidental collisions with civilian vessels.

  • In January the USS Antietam ran aground near Yosuka, Japan.
  • In May the USS Champlain collided with a South Korean fishing vessel.
  • On June 17th seven US sailors died when the USS Fitzgerald operating near Yokuska collided with a container ship from the Philippines. It was determined that the bridge team lost situational awareness.

Pentagon and intelligence insider Jim Rickards points out when the same basic incident happens twice, you have to raise your eyebrows. When you have a low-probability event that happens twice, in other words, the likelihood of coincidence becomes infinitesimal.

Rickards and others are wondering if the Navys decades-old reliance on old electronic guidance systems has become the victim of multiple cyberattacks.

...

22:15

10 Thursday AM Reads The Big Picture

My morning train reads: Inside Ubers financials (Axios) see also Stock Handouts to Drivers Could Help Steady Uber (New York Times)  Netflix loves to pick hits for each subscriber but how? (AP) see also Disneys Choice (Stratechery)  Hobbyist drones have become a weapon of choice for terrorists (Vice) The Magical Thinking Opposition (Scott Adams Blog) but see Scott Adamss Nihilistic

Read More

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

...

21:30

The King Hath a Heavy Reckoning to Make Mises Wire

By: Matthew McCaffrey
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Donald Trumps decision to escalate the war in Afghanistan highlights once again the disastrous, persistent consequences of militarism and imperialism. However, rather than repeat the usual litany of horrors that are sure to result, I will instead recall a discussion of war by Trumps literary opposite, William Shakespeare.

Shakespeare can be extremely cynical (or is it realistic?) when it comes to politics, especially in the history plays, which tend to revolve around struggles over the monarchy. Some early scenes in Henry V, for example as well as many others, such as the famous scene with the two priests in Richard III reveal that the Bard had a deep appreciation of political theater, and what his characters say is often very different from what a particular scene shows. The result is that when Shakespeares works superficially praise kings and their actions, theyre often more subtly condemning them.

A good example comes from Henry V, a play that has long been a sort of touchstone for British national pride. Shakespeares account of the events is fictional, of course, but like much great literature, it offers insight into the real world. In Act 4, Scene 1, Henry V has taken his army to France to make good on his utterly contrived claim to the crown. The invasion campaign culminates in the battle of Agincourt, in which the underdog English forces defeat the vastly superior French.

On the eve of the battle, Henry disguises himself as a simple soldier and wanders through the camp to hear what his men are saying. He enters a conversation between several soldiers who are discussing the approaching dawn and the likelihood of their own deaths. They wonder how the king feels about what is sure to be a military disaster. Henry suggests that for the sake of maintaining the armys morale, the king must keep his doubts to himself. The conversation then turns to questions about the moral responsibility for the war and the people fighting it. The soldiers reveal their own doubts about this, but more importantly, they question the reason why theyve been sent to fight and die so far from home in a conflict that doesnt obviously concern them:

Bates

[The King] may show what outward courage he will, but I believe, as cold a night as tis, he could wish himself in Thames up to...

21:20

UK Bank IT Train Wreck Demonstrates Why Algos Can Be a Terrible Idea naked capitalism

Not only are algos not magic bullets, but there are times they can only make things worse, as UK subprime lender Provident shows.

21:05

Will Big Data Eat Hollywoods Lunch? naked capitalism

Hollywood relies ever more heavily on repetitive content. Will firms like Netflix, Facebook, Amazon, and Google swallow it whole?

17:30

Inside the ACLU: Defending White Supremacists as a Black Attorney NEW ECONOMY

As a constitutional lawyer, I fully support the First Amendment. But as a black person, Im conflicted when it comes to defending hate.

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