As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies told King World News that another Swiss bank can't find their client's gold.
The post Greyerz – Another Swiss Bank Can’t Find Their Client’s Gold appeared first on King World News.
With the price of gold seeing a huge advance in the past month, central banks see a massive $2.2 billion in losses on gold shorts but here is why it may get much worse.
The post Central Banks See Massive $2.2 Billion In Losses On Gold Shorts, But Here Is Why It May Get Much Worse appeared first on King World News.
Trump announces negotiations with China are ‘back on track’ (tmn)
“We send and we sell to Huawei a tremendous amount of product that goes into the various things they make,” Trump said. “These are American companies that make product. It’s very complex. Highly scientific. And in some cases we’re the ones that do it and the only ones that do it.”
Fewer Renters Believe They Are Likely to Ever Own a Home (Adam)
Only 24% of renters said it was “extremely likely” that they would ever own a home, 11 percentage points lower than four years ago, according to the survey set to be released Thursday by mortgage finance giant Freddie Mac. Of the renters surveyed, 82% said renting was more affordable than buying, 15 percentage points higher than February of 2018.
Bay Area home prices fall 1.7% in May, biggest year-on-year drop in 7-plus years (Adam)
Last month’s 1.7% drop “marked the largest decline since February 2012, when the median fell 3.6% year over year,” said CoreLogic analyst Andrew LePage. The next month, the median rose 0.6%, and in April 2012, it began an 83-month stretch of consecutive gains. CoreLogic’s report includes new and existing homes and condos in the nine-county Bay Area.
Is Facebook listening to me? Why those ads appear after you talk about things (Sparky1)
The truth is, Facebook tracks us in ways many of us don’t even realize and is so good at it, we think it’s monitoring our conversations. Instead, it uses sophisticated demographic and location data to serve up ads.
“It’s like they’re stalking you,” says Court. “They put all sorts of circumstantial evidence together, and you’re marketed to as if they’re listening to your conversations.”
Seeing Isn’t Believing (tmn)
Editing out large portions from a video and presenting it as a complete narrative, despite missing key elements, is a technique used to skew reality.
Financial worries keep most Americans up at night (Adam)
Those most likely to lose sleep over money included Northeasterners, low-income earners and parents with children under 18, the survey found. Of those struggling to sleep, 63 per cent said they are confident they will be able to resolve their biggest issue, the study found.
Brexit Update: Caesars, High Stakes Poker and A Looming Global Recession (James W.)
Let’s assume for the moment, that Boris wins the contest, fails to get meaningful concessions from the EU on the Irish backstop and succeeds in driving the UK out of the EU without a deal by November 2019. Berenberg Bank, a pro-EU German investment bank, recently noted that the worst-case scenarios predicted by the UK media will prove wrong. The trucks will carry on moving, the planes will land and we won’t see Armageddon on the supermarkets. Yes, there will be disruption but it will likely be short term and relatively manageable.
Hypersonic Missiles Are Unstoppable. And They’re Starting a New Global Arms Race. (tmn)
In 2018, Congress expressed its consensus in a law requiring that an American hypersonic weapon be operational by October 2022. This year, the Trump administration’s proposed defense budget included $2.6 billion for hypersonics, and national security industry experts project that the annual budget will reach $5 billion by the middle of the next decade. The immediate aim is to create two deployable systems within three years. Key funding is likely to be approved this summer.
Tropical Reefs: Part 1 (tmn)
Tropical coral reefs are the most diverse marine ecosystems on earth, giving shelter to thousands of animal species. Many millions of people depend on fisheries, tourism and coastal protection provided by healthy coral reefs. Yet today, coral reefs are dying at an alarming rate. Coral bleaching is caused by rising water temperatures which, when severe, kills the coral.
In recent weeks, some people that clearly don’t live in the middle of the country have left some really negative comments on my articles about the enormous toll that this disaster is taking on Midwest farmers. For whatever reason, some people want to try to minimize the nightmare that these farmers are living. But the truth is that it would be very difficult to overstate the scope of this crisis at this point.
Click to read the PM Daily Market Commentary: 6/27/19
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."
The post Daily Digest 6/29 – Ferocious Storms Pound Midwest, Is Facebook Listening To Me? appeared first on Peak Prosperity.
On the heels of the recent violent trading in key markets, this is hard to believe, plus 3 absolutely stunning charts.
The post This Is Hard To Believe, Plus 3 Absolutely Shocking Charts appeared first on King World News.
Dr. Stephen Leeb told King World News there is an 80-90% chance of this happening in the gold market.
The post Stephen Leeb – There Is An 80-90% Of This Happening In The Gold Market appeared first on King World News.
Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management - Dr. Leeb is a registered investment adviser and has been managing big cap growth portfolios since 1999. Over the last decade, his independently-verified performance record has been ranked in the top 5 percent among peers according to Informa’s PSN manager database. Dr. Leeb is a New York Time’s Best Selling author….
The post Dr. Stephen Leeb: Broadcast Interview – Available Now appeared first on King World News.
Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management - Dr. Leeb is a registered investment adviser and has been managing big cap growth portfolios since 1999. Over the last decade, his independently-verified performance record has been ranked in the top 5 percent among peers according to Informa’s PSN manager database. Dr. Leeb is a New York Time’s Best Selling author…
The post Dr. Stephen Leeb appeared first on King World News.
The 6-year breakout in the price of gold has turned into one hell of a war as the bullion banks and commercial hedgers have ramped up short positions into gold's historic break above the $1,400 level.
The post Bullion Banks And Commercials Ramp Up Short Positions In Gold & Silver appeared first on King World News.
If you have not yet read Part 1: Extreme Frugality, available free to all readers, please click here to read it first.What if it were possible to uncouple from the 'rat race’ and thereby regain a big portion of your time to use as you please? I assume everyone would find that desirable. Time would open up for one to volunteer, travel, get in shape, meditate, sleep or do whatever you desire. There’s a well-established movement underway the goes by the acronym FIRE, which stands for Financial Independence Retire Early. It’s not for everybody, and has a ton of pros and cons, and I’m not advocating that anybody blindly adopt FIRE as their framework, although some of you may already pursue it and that's fine. I am saying that the movement has put a lot of thoughtful time into managing the income and expense parts of life and it has a lot of very practical advice to follow if one wishes. My role is to set the stage. I’ve spent a huge amount of time reading blogs, finding resources, and condensing the learnings to save you time. And what I've learned is...
The post Live Frugally, Retire Comfortably appeared first on Peak Prosperity.
We didn’t have a lot growing up, as my mom had to single-parent three kids. Most anything I wanted required disciplined frugality.
I bought my first fly rod from Orvis at the age of 13, which took the better part of a year to save up for. I hand-tied the first flies drifted from its lines from the hackles of roosters I raised expressly for that purpose.
In my later teens, I took a long cross-country climbing/working road trip where I lived on $5/week (1980s). Doing so was an art form involving dried beans and camping for free on federal lands, including the time I woke up to a large bull pawing and snorting a few yards from my tent. I knew nothing about the behavior of bulls, and still don’t; but I knew that wasn’t a good sign and so I backed away using the tent as a shield and climbed a tree.
Sleeping on the ground, or on sofas doesn’t bother me. I am a remarkably un-picky eater. I’m just easy that way.
All of which is to say that being frugal and ‘making do’ with what’s on hand comes naturally to me. Don’t get me wrong, I can enjoy spending money, and have indulged in some expensive hobbies in my life. But I can also zipper the wallet and not skip a beat.
I’m glad I can, because being frugal is an extremely valuable skill to employ as we get ready for a future of ‘less’.
Sometime, much sooner than we’ll be ready for, the systems upon which we rely will fail us.
The weather system is already becoming intolerably wonky. Heat in Europe, crop-ruining rains in the US farm belt, and unprecedented heat in the arctic are all telling us that something is terribly amiss.
In fact, at this moment on an 80-degree late June night, in New England, I’m typing next to an open window, no screen, the room lights on, and there are exactly zero insects flying about the room. Not a single one. I’m old enough to remember the swarms of beetles, moths, mosquitos, and other bugs that such a night would have brought. That they aren’t here tonight is extremely unsettling to me.
Anyone who can read or access the internet and has at least minimal curiosity can detect the signs of the deep stress all around us — in our environment, in our society, and in our economy.
It’s critical to realize that everything in the financial sphere — from the lofty prices of stocks and bonds to the fiscal solvency of nations — depends on the future economy being exponentially larger than it is currently. But this expectation is flawed; you can’t extract ever-increasing exponential growth from a finite system.
A ‘credit recession’ almost destroyed the global economy last time (2008). Yet now there’s an even larger one primed and ready to burst.
But you’d never know that by watching the nightly news or reading the major media outlets. Because the more dangerously-lopsided things become, the more urgently the entire interlocking system of narrative control works to convince the masses that everything is fine.
But curious critical thinkers like you and I know that’s not true.
Our knowing is in the ecological data, which is horrifying. Plastic pollution now virtually everywhere, vanishing insect and amphibian populations, steadily declining phytoplankton levels, weather anomalies shattering records across the globe, food chain disruptions in the oceans leading to massive bird and whale die-offs, and coral reefs disappearing with frightening speed.
It is in the cultural and sociological data, which show that the epidemic of obesity continues to worsen, suicide rates are hitting record high levels, multiplying increasing feelings of isolation, and record levels of being miserable and unhappy around the globe.
It’s in the economic data, which shows the widest wealth and income gaps in history, 62% of millennials struggling from paycheck to paycheck, desperate central banks able only to conceive of ever-more stimulus (easing) efforts, massive and rapidly growing debt piles, the misery of households that do not have any emergency buffers to draw upon, and in the US alone, over $200 trillion of underfunded pension and Medicare promises that can’t ever be met.
Even if we could set all of the above aside (and we cannot), a looming net energy crisis tells us that the future will be terribly different from the past. Most people are unaware — falsely lulled by the recent US shale ponzi — that oil production will indeed peak and then decline. Or that total net energy output from fossil fuel is already falling steadily now that all the easy oil and gas are gone.
Our economic and population arrangements were made back when huge 100:1 net energy returns from fossil fuel were routine. Comprehensive planning and mitigation strategies have to be made right away if we are to transition to the lower ~5:1 returns offered by shale oil and solar.
Forty to sixty years are required to effect a smooth energy transition. Meanwhile it looks like oil output may well peak in the US around 2025 (a lot depends on easy credit and a high price for oil), has already peaked and gone down in 18 countries since 2005, and the world remains heavily dependent on the output from a small handful of ageing super-giant oil fields discovered and put into service more than 50 years ago.
In other words, we don’t have 40 to 60 years. We may only have ten. Yet no urgency can be detected in the official policies of the world’s major nations.
Industrially-farmed soils are going to be completely exhausted within 40-60 years, requiring ever larger fossil energy inputs to keep them transiently supplied with nutrients.
Add all that up and what do you have? A very strong case for a very uncertain future.
My interpretation is these are the warning signs of a global culture that has grown past its natural carrying capacity and has yet to face that reality.
Which is why the sociological data tells me that people are very worried, even if they cannot exactly explain why.
Given all that, everybody wants to know: What should I do?
It turns out there’s one fairly robust response that any individual can employ that will help address the developing predicaments identified above: Extreme frugality.
Don’t have much money? Then spend less.
Have money and want to protect it? Also, spend less.
Want to protect the natural world? Then consume less.
Want to be happier? Then spend less and gain more free time.
Worried about money? Then spend less, save more, and have more.
Want to resist corporations’ endless grabbing of your money? Then be frugal.
Want to retire earlier? Spend less and save more.
The answer to many of the challenges we face are directly addressed by spending less and consuming less.
Taking a cue from an old Saturday Night Live skit with Steve Martin, if you cannot afford it, don’t buy it!
There’s a lot to be said for frugality and especially extreme frugality. By cutting out all unnecessary expenses, you align your concerns with your actions. It helps you regain control over your financial life, especially if you are on (or over!) the edge. Statistically speaking, that’s most people out there.
This won’t work for everybody; some people just don’t have the psychological make-up to be frugal. They’re too addicted to the instant gratification, “buy now, pay later” consumerism that corporate retailers and credit card companies do their best to hook us on.
But the concept of extreme frugality doesn’t frighten me. Or seem like deprivation. It just fits with who I am. I’m perfectly happy scoring a used, dented item at a tag sale or on freecycle.org as long as it suits my needs.
And it shouldn’t frighten you. Frugality is one of the fastest paths towards relieving the ever-present money worries that plague most of us. It’s a freeing act.
The less money we require, the less control money has over us — how we spend our time and our level of happiness.
I’m not saying we all have to become ascetics and embrace a life of poverty. What I am saying is that frugality helps re-center our priorities away from the superficial and material and towards true substance — fulfilling relationships, meaningful activity, our connection to nature.
Henry David Thoreau captured the gestalt of extreme frugality well when he penned:
And as we as individuals reduce our level of consumerism, collectively, we reduce the demand our economy places on our strained ecosystems.
Given all that’s at stake, seems like we should be willing to give this a try.
Looks, the world is changing rapidly, and nobody knows how long the current good times will last. And we’re well overdue for some kind of clearing event — the next recession, more record-breaking weather, a debt crisis, an implosion of the current credit cycle. The list of candidates is long.
At Peak Prosperity we’ve been staunch advocates of keeping your money safe, building multiple streams of income, and being as thoughtful as possible in your financial affairs.
Given the extreme state of the world, and given that tighter times almost certainly lie before us, it only makes sense to explore and adopt as many sensible frugality measures as we can, while we can still do them on our own terms.
One of the great killers of the last big bust in 2008 for many people was their too-slow dialing back of expenses. They lost their jobs but kept up the same level of spending. Kids stayed in private schools, eating out continued, and every subscription and cell phone plan remained in place. When the unemployment rate kept rising, and the savings were finally gone, many families experienced the deep trauma of sudden, forcibly-imposed austerity — which was not fun. Not fun at all.
Learning the skills and habits of being frugal will be important for the future of “less” that’s coming. Indeed, as wide-scale layoffs are starting to happen again, for many it’s already arriving.
Those looking to kick-start a more frugal lifestyle can begin with these straightforward steps:
But if you already have a good handle on these (as many Peak Prosperity readers do), there’s an exploding global community focused on extreme frugality to plug in to.
In Part 2: Live Frugally, Retire Comfortably we look at the major strategies recommended by the leading resources in this community for reducing your ‘money footprint’ and advancing the date when you achieve financial independence.
There are many levers to pull, on both the both the income and expenses sides of the ledger. Your task is to determine which are best for you.
But the key here is to do the math and then take informed action. Your future resilient self depends on it.
Click here to read Part 2 of this report (free executive summary, enrollment required for full access).
The post Extreme Frugality appeared first on Peak Prosperity.
from Financial Survival Network
Lior Gantz notes that gold has had its best run in many years. Bitcoin, after over a year in the dumps has come roaring back to life. And according to Lior Gantz, this is only the beginning. Things are rapidly turning down and the geo-political scene has never been scarier. There aren’t many places for the middle-class to put their wealth and gold/bitcoin is one of the last. Of course everything has risk, but so-called safe conservative investments are about to get much riskier and most people are totally unprepared.
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As we come to the end of a wild week of trading, today Dr. Stephen Leeb told King World News here is how gold will trade on Monday and in the coming weeks before it eventually hits $10,000.
The post ALERT: Leeb – Gold To Trade Higher On Monday But Expect This Before It Hits $10,000 appeared first on King World News.
Another bullish gold catalyst as Albert Edwards warns, "Beware a US dollar slump."
The post BULLISH GOLD CATALYST: Albert Edwards – Beware A US Dollar Slump appeared first on King World News.
This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header "Good News Friday." We will save and post weekly. Enjoy!
N.Y. Lawmakers Pass Bill to Decriminalize Marijuana and Expunge 900,000 Arrests (sv)
The measure allows individuals to avoid criminal penalties for holding less than two ounces (57 grams) of the drug. The law still calls for a $50 fine for holding less than an ounce, and $200 for one to two ounces. It also provides procedures to expunge records of convictions.
Dad, We Need To Talk (Tom P.)
But the blow didn’t kill the dog. The driver that hit her sped off and left Chica half-dead and crying in the road. But the next car did stop. It was a young black kid. A young black kid who saw a young white kid on his knees in the middle of downtown Indianapolis. His name was Kenny. He opened his door, got out of his car, walked up to my son, and said “hey, I got you”. He then walked Max out to the middle of Indiana Avenue and they picked up a bloody Chica and loaded her into Kenny’s car.
Why a Computer History Museum Owns a Legendary Teapot (Thomas R.)
During his student years, Newell faced a problem. He needed a new 3D model, but many existing mathematical models were too simplistic to test the techniques he was working with. According to several interviews, his wife, Sandra, suggested that he use their tea set, which included a white teapot. Inspired, Newell sketched out the dimensions of the teapot on graph paper, then entered its coordinates on a Tektronix storage tube, an early computer graphics terminal.
The TurboTax Giveaway Is Dead (sv)
“This is a significant victory for low and moderate income taxpayers,” said Mandi Mattlock, a tax attorney on contract for the law center.
‘It’s a miracle’: Helsinki’s radical solution to homelessness (sv)
“It was clear to everyone the old system wasn’t working; we needed radical change,” says Juha Kaakinen, the working group’s secretary and first programme leader, who now runs the Y-Foundation developing supported and affordable housing.
Renewable electricity beat out coal for the first time in April (tmn)
One thing to keep in mind, however: coal’s demise has many environmental benefits, including reductions in particulate and sulfur oxides pollution as well as better health for those who once lived near coal plants. But fewer coal plants have not been translating to reductions in carbon dioxide emissions in the US. In fact, the boom in new natural gas plants around the country has more than made up for coal retirements in terms of carbon dioxide emissions. If we’re going to take on climate change in an expeditious manner, cheap natural gas will have to be the next target.
Canada to ban single-use plastics as early as 2021 (sv)
“As parents we’re at a point when we take our kids to the beach and we have to search out a patch of sand that isn’t littered with straws, Styrofoam or bottles,” Mr Trudeau said.
“That’s a problem, one that we have to do something about.”
New York City Passed Its Own Green New Deal–Like Legislation (sv)
According to the city’s website, the Climate Mobilization Act also includes provisions to study the feasibility of replacing gas-fired power plants, block a natural gas pipeline, encouraging or requiring green roofs depending on building size, and imposing a fee on paper bags. The Hill reported that the bill passed 45-2.
Click to read the PM Daily Market Commentary: 6/27/19
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."
The post Daily Digest 6/28 – Good News Friday: Helsinki’s Radical Solution To Homelessness, Canada To Ban Single-Use Plastics appeared first on Peak Prosperity.
from Financial Survival Network
Gold and Bitcoin have been on fire for the past month. Bitcoin has far out performed gold, but that may not be forever. Crypto’s are rapidly changing and you need to be ready for it. Libra, the Facebook Coin is going to change everything. The Zuck-Coin is going to be big, mark my words. What about those Dem loser candidates? None of them could even get elected dog-catcher. They are a bunch of negative, immature and ignorant twits. They’re vision of themselves and America is downright ugly and scary. And that’s why none of them can win and why they’ll be begging for the return of Hillary. Mark my words!
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Today one of the greats said, when it comes to the gold market, "That attitude will change over time."
The post When It Comes To The Gold Market, “That Attitude Will Change Over Time” appeared first on King World News.
On the heels of the price of gold pulling back in order to consolidate gains, James Turk told King World News that a lot of people are extremely about the gold and silver markets.
The post James Turk – If You Are Worried About What’s Next For Gold & Silver, Read This… appeared first on King World News.
“The successful summit is made before the first footstep is taken on the mountain.”
Skip Horner has spent the past 50 years leading expeditions in the world’s most remote, inaccessible and dangerous places.
He was the first mountaineer in history to successfully guide clients up the highest peaks on each of the seven continents. In addition to his incredible abilities as an alpinist, Paddler Magazine nominated Skip as one of the top whitewater guides of the 20th century — having led numerous first-ever descents on eleven major rivers, including the Yangtze, the Zambezi and the Indus.
As a professional adventurer, planning for risk — for danger, for the unexpected — is essential if you want to come home alive. Skip attributes his long career and his record of never having lost a client while in the wild to meticulous planning before he embarks on an expedition. Planning in advance allows him and his team to react swiftly when surprises arise, and often to notice adverse conditions developing early and resolve them before they worsen.
In this podcast, Skip shares his best practices for risk management, many of which universally apply to all dimensions of life including personal safety and financial security. And he drives these lessons home with white-knuckle stories from his personal adventures, when his life was held in the balance.
This interview is a little different than our usual fare, but will likely be one of the more riveting ones you listen to this year. And extremely relevant to Peak Prosperity’s core theme of the criticality of preparing for crisis in advance.
Enjoy!
Click the play button below to listen to Chris’ interview with Skip Horner (69m:22s).
Other Ways To Listen: iTunes | Google Play | SoundCloud | Stitcher | YouTube | Download |
The post Skip Horner: A Legendary Adventurer’s Guide To Managing Risk appeared first on Peak Prosperity.
Here is why Americans are so fearful, plus gold and James Turk's comments.
The post Why Americans Are So Fearful, Plus Gold & James Turk – Reminds Me Of Early 1970s appeared first on King World News.
from Financial Survival Network
The game is on. Martin Armstrong believes that gold’s recent advance was just the opening salvo. He wouldn’t be surprised to see it take a hit for now and then come screaming back to start making new highs. As Martin says, people are starting to wise up to the monetary debasement game. Confidence in the Government Con, as low as it might be now, is going to all but disappear. And that’s bad news for paper money of all descriptions. Following this line of reasoning it’s not hard to understand why the Dow will eclipse its current highs and hit 35000 in the not too distant future. Loss of confidence will keep money pouring into real assets, and the stock market still represents shares in somewhat real enterprises, although how real is open to debate. It’s all setting up for 2020 and Martin says the computer is predicting an outright Trump win. Let’s see what happens next!
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from Financial Survival Network
Click Here to Listen to the Audio
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.
With many investors still stunned by the violent moves in key global markets, this is completely insane.
The post After Violent Moves In Key Global Markets, This Is Completely Insane appeared first on King World News.
Consumer Confidence Collapses To 2 Year Lows (Roger B.)
After a hope-filled bounce in May, The Conference Board’s Consumer Confidence index plunged in June from a revised 131.3 to 121.5 (well below expectations of a modest drop to 131.0).
Warning: Federal Reserve Easing Ahead (Aaron M.)
The chart below presents the cumulative total return of the S&P 500 in periods where our measures of market internals have been favorable, accruing Treasury bill interest otherwise. The chart is historical, does not represent any investment portfolio, does not reflect valuations or other features of our investment approach, and is not an assurance of future outcomes.
Eight Essential Reasons to Open a Brokerage Account for your Kids (and how to automate it for free) (Phil D.)
Deferred gratification – producing more than you consume, and saving the difference – is the key to a life of abundance. Simon Black calls it “the universal law of prosperity”.
As the sky is blue, this will be true for your kids. Starting a saving and investing plan now instills inside of them a lifelong propensity to save. As humans, it is our habits that shape our destiny.
Time for an International Gold Reset (GE Christenson)
In 1933: Gold prices reset, and gold ownership became illegal for US citizens. President Roosevelt issued Executive Order 6102 and forbid US citizens from owning gold, with minor exceptions. Americans received paper certificates for their gold coins. Gold was valued at $20.67 per ounce. Soon thereafter President Roosevelt devalued the dollar, and the gold price rose to $35.00 per ounce.
Scientific Research Shouldn’t Sit behind a Paywall (Thomas R.)
Having paid taxes to support the work, citizens should reap the benefit of that investment. Those benefits include the accelerated advancement of science that occurs when scientists can more easily build upon one another’s work. And it includes the opportunity for the public to read the research for themselves. The University of California supports open access for these reasons.
Unseen 9/11 photos bought at house clearance sale (Thomas R.)
Many of those who worked in the immediate aftermath of the 9/11 attacks went on to suffer illness, with about 400,000 people believed to have been exposed to toxic contaminants, or suffered injury or trauma on the day itself according to the Center for Disease Control and Prevention (CDC).
Apple-Pay And Beyond (Pat O.)
As a result the US patent office and US Fed Court decides to unabashedly deprive Mr Poniatowski of his invention. Brazenly and contemptuously in spite the fact of the presented sound arguments that device employed as a relay does not and can not initiate anything – especially if a commercial transaction was to be initiated and carried out. (USPTO Board of Appeals 2014-007989, Federal Circuit 2017-1346).
Philadelphia Energy Solutions plans to close refinery that caught fire, report says (thc0655)
He was especially irked that a story about the refinery’s possible closure would leak to the news media before the union was notified.
“It’s a disgrace,” he said. He said the refinery’s emergency workers and operators worked through the blasts and fires early Friday bring the fire under control and to shut down the unaffected processing units. “This is what they do to us after we safely shut down the plant while fighting a fire.”
Shale Pioneer: Fracking Is An “Unmitigated Disaster” (fabdave)
So, questionable economics is not exactly breaking news when it comes to shale. But the fact that a prominent former shale executive – who presided over one of the largest shale gas companies in the country – called out the industry face-to-face, raised some eyebrows, to say the least. “In a little more than a decade, most of these companies just destroyed a very large percentage of their companies’ value that they had at the beginning of the shale revolution,” Schlotterbeck said. “It’s frankly hard to imagine the scope of the value destruction that has occurred. And it continues.”
Europe heat wave: France, Germany, Poland, and the Czech Republic set June records (newsbuoy)
“In terms of the time of year and spatial pattern of warmth, the ongoing event in Europe is quite similar to the 2015 European heatwave, which most severely affected southern and central Europe, and which set the all-time temperature records for Germany and Switzerland” Day said, adding that we will need to wait until after the peak of this event to really know how severe it has been.
AMERICAN WARMING: The Fastest-Warming Cities and States in the U.S. (newsbuoy)
These examples may seem extreme, but they are not exceptions. Since 1970, temperatures have risen at nearly 98 percent of the U.S. cities assessed by Climate Central. Ten cities have warmed by at least 4°F. Another 59 cities — including Philadelphia, Atlanta, and Houston — have gotten at least 3°F warmer.
Click to read the PM Daily Market Commentary: 6/26/19
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."
The post Daily Digest 6/27 – Consumer Confidence Collapses To 2-Yr Lows, Fracking An ‘Unmitigated Disaster’ appeared first on Peak Prosperity.
On the heels of chaotic trading around the world, today multi-billionaire Hugo Salinas Price just warned we are about to take a terrifying trip down a rabbit hole.
The post Multi-Billionaire Hugo Salinas Just Warned We Are About To Take A Trip Down A Terrifying Rabbit Hole appeared first on King World News.
Investors may want to brace themselves for even more violent trading in the coming weeks because we are seeing some bad omens for the world.
The post BRACE FOR MORE VIOLENT TRADING: We Are Seeing Some Bad Omens For The World appeared first on King World News.
from Financial Survival Network
Karen Kataline is back… The Trump Campaign has never stopped. Almost from the moment he was elected, he has been campaigning for 2020. And judging from what Karen Kataline had to say, we’re right on track. Karen has been burning up the airwaves with her characterization of the so-called California Genius. An oxymoron to be certain. They have no emotional intelligence. Screaming at the moon is not a solution or a way for a party to stay relevant. Being a Democrat means never caring about results. How true. Leftist policies and commie plans alway fail. They can’t work. Victims of the world unite!
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from Financial Survival Network
Danielle Park returns… Polls in Canada’s upcoming election show that the electorate’s biggest concern is ethics. This could potentially spell very bad news for PM Trudeau who has had his share of scandals and lapses in ethical judgment. Is it a worldwide trend? And does it carryover into other phases of society, such as business and public behavior in general? Danielle hopes the answer to that question is yes and she may well be correct. (Note Canada’s election is this year 2019, not 2020 as I incorrectly stated)
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On the heels of some wild trading in global markets, everything is changing so fast.
The post Everything Is Changing So Fast appeared first on King World News.
KWN warned yesterday that the gold market may correct and today the price of gold is in retreat, but what is happening now is unbelievable.
The post Gold Pulls Back, But What Is Happening Now Is Unbelievable appeared first on King World News.
US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer (Saxplayer00o1)
One estimate from the Wall Street Journal found that over the past decade, the top 40 independent US shale companies burned through $200 billion more than they earned. A 2017 estimate from the WSJ found $280 billion in negative cash flow between 2010 and 2017. It’s incredible when you think about it – despite the record levels of oil and gas production, the industry is in the hole by roughly a quarter of a trillion dollars.
Company earnings look like they will keep sliding through the third quarter (Saxplayer00o1)
As profit reports just start to trickle in, the expectations are getting worse. Forecasters already were indicating negative earnings growth for the second quarter, but the outlook also has swung into red numbers for the third quarter, according to the latest FactSet calculations.
We’re already in recession, here’s what to do, says economist who called last bubble (Saxplayer00o1)
“I think we’re probably already in a recession, but I think [it will] probably be a run of the mill affair, which means real GDP would decline 1.5% to 2%, not to 3.5% to 4%, you had in the very serious [past] recessions,” said the president of money manager A. Gary Shilling & Co. He also lays claim to having forecast a global inventory glut that led to the 1973 to 1975 U.S. downturn.
Euro zone yields test lows as focus turns to under-fire Fed (Saxplayer00o1)
German 10-year yields were at -0.311%, a shade away from the record low of -0.329% hit last Tuesday. Dutch, Austrian and Finnish 10-year yields are also in negative territory. French 10-year yields were a shade above at 0.02% while Irish 10-year yields were at record lows.
UBS: World economy ‘one step away from global recession’ (Saxplayer00o1)
“U.S. tariff escalation is NOT our base case,” the bank said. “But if escalation is not averted in the next week or so … we anticipate making major changes to our forecasts.
It added: “We estimate global growth would be 75 [basis points] lower over the subsequent six quarters and that the contours would resemble a mild ‘global recession’” that would rival Europe’s debt crisis and the oil collapse of the mid-1980s, according to UBS analysts.
Putin’s Big Bet on Gold Is Paying Off (Saxplayer00o1)
The dollar, of course, remains the world’s biggest reserve currency, and gold and other currencies aren’t exactly displacing it worldwide. But then, the World Gold Council has noted an upward trend in net gold purchases by central banks that goes way beyond the Russian effort – even through Russia remains the biggest buyer. In the first quarter of 2019, central banks bought a record amount of gold, 715.7 metric tons.
A leveraged-lending bust could hit economy quicker than subprime blowup, says ex-FDIC boss Sheila Bair (Saxplayer00o1)
The amount of leveraged loans outstanding globally stood at $2.2 trillion as of 2018, according to a Bank of England report published in January. That was nearly double the size of the U.S. subprime mortgage market in 2006.
The Boomers Ruined Everything (Adam)
But it’s not just aging. In a variety of different areas, the Baby Boom generation created, advanced, or preserved policies that made American institutions less dynamic. In a recent report for the American Enterprise Institute, I looked at issues including housing, work rules, higher education, law enforcement, and public budgeting, and found a consistent pattern: The political ascendancy of the Boomers brought with it tightening control and stricter regulation, making it harder to succeed in America. This lack of dynamism largely hasn’t hurt Boomers, but the mistakes of the past are fast becoming a crisis for younger Americans.
Myanmar shuts down internet in conflict areas as UN expert warns of potential abuses during blackout (Sparky1)
The unrest caused by the anti-Rohingya crackdown and exodus has been exacerbated by conflict between the Tatmadaw and the Arakan Army, a Buddhist insurgent group, which has been fighting with the government since last year. More than 35,000 civilians have been displaced by the conflict, according to the United Nations, with violence spilling over into neighboring Chin state.
US releases review on removing vegetation to stop wildfires (Sparky1)
Giant rangeland wildfires in recent decades have destroyed vast areas of sagebrush steppe that support some 350 species of wildlife. Experts say the blazes have mainly been driven by cheatgrass, an invasive species that relies on fire to spread to new areas while killing native plants, including sagebrush.
Managing climate change will require increased energy usage (Sparky1)
The model produced a baseline simulation for comparison, in which population and income growth were the primary driver of energy demand. Compare the baseline, modest global warming increased energy demand between 11 and 27 percent. Vigorous warming increased energy demand between 25 and 58 percent. Simulations showed Europe, China and the United States experienced the greatest increase in energy demand.
Colorado’s snowpack is 40 times normal after rare summer solstice dump (thc0655)
At Arapahoe Basin, so much snow has fallen since the winter that it has stayed opened for skiing on weekends through the month. It declared Saturday a powder day after a fresh coating of two inches. The resort plans to open again next weekend and possibly over the July 4 weekend, its blog says.
The snow was triggered by an unusually cold pool of air at high altitudes over the western United States combined with a vigorous weather disturbance that ejected out of the Southwest.
Click to read the PM Daily Market Commentary: 6/25/19
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