Economy
China extradition clashes plunge Hong Kong into historic violence (Sparky1)
The scenes echoed the pro-democracy “Umbrella Movement” of 2014 where protesters calling for greater democratic rights shut down swathes of the city for two months and battled police, but won no concessions from Beijing.
Trump to announce US troop increase in Poland (Sparky1)
Currently, 4,000 U.S troops rotate through Poland, but Warsaw’s leaders want a stronger presence against an increasingly aggressive Russia. Polish officials have asked Washington for a permanent Army brigade and a headquarters to be stationed within the nation, offering to pay $2 billion for such a base.
This Is One Of The Worst Risk/Reward Setups In History (David)
Comparing this “index of the volume of speculation” to the size of the economy (inverted in the chart below), just as we did with equity values, shows it hitting a new record high over the past couple of years. In other words, investors haven’t been this greedy in many decades – since 1929, in fact. All of this leveraged speculation must at some point be unwound, usually via forced selling during a bear market. The last two times it came even close to the current level the stock market suffered 50% declines.
Seniors were sold a risk-free retirement with reverse mortgages. Now they face foreclosure. (Sparky1)
These elderly homeowners were wooed into borrowing money through the special program by attractive sales pitches or a dire need for cash – or both. When they missed a paperwork deadline or fell behind on taxes or insurance, lenders moved swiftly to foreclose on the home. Those foreclosures wiped out hard-earned generational wealth built in the decades since the Fair Housing Act of 1968.
Jon Stewart chokes up, gives angry speech to Congress (Sparky1)
Former late night host and 9/11 first responders advocate Jon Stewart chokes up and slams Congress over health care for the 9/11 first responders during the hearing for reauthorizing the 9/11 victim compensation fund.
Red Pill Realities (GE Christenson)
Quantitative Easing or QE or monetizing debt. Global central banks have created over $20 trillion in “thin air” currency units and bought sovereign bonds, stocks, ETFs and gold. “Blue pill” advocates assure us QE is necessary and okay. “Red pill” realists know consequences will bring misery to everyone but the political and financial elite.
Sign the International Appeal to Stop 5G on Earth and in Space (yogmonster)
Despite widespread denial, the evidence that radio frequency (RF) radiation is harmful to life is already overwhelming. The accumulated clinical evidence of sick and injured human beings, experimental evidence of damage to DNA, cells and organ systems in a wide variety of plants and animals, and epidemiological evidence that the major diseases of modern civilization—cancer, heart disease and diabetes—are in large part caused by electromagnetic pollution, forms a literature base of well over 10,000 peer-reviewed studies.
Are McMansions Making People Any Happier? (tmn)
This finding, Bellet reasons, has to do with how people compare their houses with others in their neighborhood—particularly the biggest ones. In his paper, which is currently under peer review, he looks closely at the construction of homes that are larger than at least 90 percent of the other houses in the neighborhood. By his calculation, if homes in the 90th percentile were 10 percent bigger, the neighbors would be less pleased with their own homes unless those homes grew 10 percent as well. Moreover, the homeowners most sensitive to such shifts are the ones whose houses are in the second-biggest tier, not the ones whose houses are median-sized.
400 arrested at Moscow police abuse march: monitor (Sparky1)
OVD Info, which tracks arrests, said more than 420 people were detained. Moscow police said earlier around 1,200 took part in the march and more than 200 people were arrested. Some of the demonstrators were later released.
Ebola outbreak enters ‘truly frightening phase’ as it turns deadly in Uganda (Sparky1)
“The young patient – 5- year-old index case of #Ebola died last night. Two more samples were sent to UVRI and have tested positive. We, therefore, have three confirmed cases of #Ebola in #Uganda,” the tweet said, referring to the Uganda Virus Research Institute.
Facebook debuts US blood donation tool, its latest public health move (Sparky1)
“Then, if there’s a blood shortage in your city, our partners like the American Red Cross can notify you and give you an opportunity to donate,” she said. “This is an opportunity for us, we think, to help people contribute to each other in a way that’s really important.”
If Gold Was Just a Barbarous Relic… (thc0655)
Yet a deeper reason is that Russia has a long-term plan to subvert the dollar’s role as the leading global reserve currency. The Russian ruble is not positioned to be a reserve currency, but a new cryptocurrency backed by gold would be a good candidate.
The Central Bank of Russia will consider a new study that suggests just such a gold-backed cryptocurrency to settle balance of payments among willing participants. This plan is in its preliminary stages and is a long way from reality at this point.
U.S. Gasoline Prices Set To Drop As Driving Season Begins (Michael S.)
“We did see a 7-cent decline in the national gas price last week, and I think you can look for another decline this week, so motorists would not be advised to be so fast to fill their tanks,” GasBuddy analyst Patrick DeHaan told Bloomberg, adding “I could see the national average down around $2.60 a gallon or even $2.59 gallon this week.”
How modern life is transforming the human skeleton (Adam)
For centuries, scientists had thought that our bones were fixed – that they grow in a predictable way, according to instructions inherited from our parents. But when a Dutch anatomist investigated the goat’s skeleton, they found that he had begun to adapt. The bones in his hips and legs were thicker than you would expect, while the ones in his ankles had been stretched out. Finally his toes and hips were abnormally angled, to accommodate a more upright posture. The goat’s frame had started to look a lot like those of animals which hop.
Cheerios, Nature Valley cereals contain Roundup ingredient, study finds (Adam)
General Mills said food safety is a “top priority” for the company, which said it’s working to minimize the use of pesticides on the ingredients it uses. “Most crops grown in fields use some form of pesticides and trace amounts are found in the majority of food we all eat,” the company said in an emailed statement. “Experts at the FDA and EPA determine the safe levels for food products,” which it adheres to, as well as farmers that grow the crops, it added.
Gold & Silver
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The post Daily Digest 6/13 – Popular Cereals Contain RoundUp, One Of The Worst Risk/Reward Setups In History appeared first on Peak Prosperity.
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