Daily Digest 6/10 - Good News Friday: Man Lives Without Heart, Experiment 'Turns Waste CO2 To Stone'
- Man Lives For Over A Year Without Heart
- McDonald's: you can sneer, but it's the glue that holds communities together
- This Vermont newspaper is having an essay contest. The prize? This Vermont newspaper
- CFPB Takes Aim at Payday Loan Debt Traps
- Arctic tern makes longest ever migration – equal to flying twice around the planet
- Tesla Announces Newer, Cheaper Model S Cars
- Experiment 'turns waste CO2 to stone'
In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- The B.S. Spewed By The BLS
- The birth-death model outputs have become a huge joke
- It's Getting So Bad They Have To Lie
- We're getting more fake stats to try to hide reality
- Dirty Politics
- From the US primaries to the Brexit, dirty tricks are the norm
- Crony Corporatism
- How the government is enabling companies to gouge consumers
"When it becomes serious, you have to lie"
~ Jean Claude Juncker, former head of the EU
Statistics that can not possibly be believed by anyone looking at the actual evidence. Election results that in no way match the exit polls. Yet, somehow, the outcomes tend to overwhelmingly favor those on the side of maintaining the status quo.
We are at the point in this global journey where it's getting harder and harder for those in power to hide the weakness, injustice and rot within the system. So, like Juncker, they're resorting to more and more lies, more deception, more backroom swindling to maintain the facade that everything is working fine.
In this week's Off The Cuff, Chris and Mish use recent economic statistics and the elections in the US and the EU to show just how desperate the lies are becoming. Which is an important sign that we're getting close to the point when..
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It's undeniable that major sharing economy services are changing the landscape of many cities around world. Governments are scrambling for regulatory solutions to address how these platforms impact their communities, but it's been a thorny process. This is due to the fact that the sharing economy creates a range of winners and losers, all of whom have a great stake in how these services are organized and regulated.
A wonderful list of solar water heater ideas and installations. Time to start thinking about using the power of the sun to heat your water and save on energy costs.
- Layoffs in aisle 4! Retailers are big job killers
- Millions of sensitive services exposed on the internet reveal most hackable countries
- The Money Cult
- Nearly Half of D.C. Employers Said They Have Laid Off Workers, Reduced Hours Due to Minimum Wage Hikes
- Don't Jump Into MLPs With Tepper Just Yet
- Jobs Report Changes the Landscape for Gold
- U.S. Economy Priced in Gold
- London appetite for gold bars, coins rises on Brexit nerves
- Something Big That Always Happens Right Before The Official Start Of A Recession Has Just Happened
- San Francisco Is Bracing for Life After This Tech Bubble
- Brexit camp threatens legal action over EU vote extension
- After 350,000 Layoffs Oil Companies Now Face Worker Shortages
- Fowl Advice: Keep Chickens if you want a better life, billionaire Bill Gates tells poor people
I have long argued that the likelihood of getting government to do anything “good” about the money problem is near zero because the controllers of the present monetary regime are able to buy the kind of government they want that will keep in place the system that enables them to consolidate their power and increase their wealth.
Even if your proposal to restore the Greenback could be legislated into actuality it would only be a stop-gap measure and there would be negative side-effects. FDR ameliorated the 1930s crisis in a somewhat similar way and managed to get some progressive legislation passed, and WWII provided the excuse for massive government deficit spending (along with rationing and “bond drives” to control consumer demand).
Massive increases in productivity enabled a flood of consumer goods to enter the market after the war, and people had the money to buy them.
But in today’s world the old tricks will not be sufficient. We need a totally new system of money, banking and finance, one that is decentralized and interest-free. This will emerge by the design and deployment of relatively small credit clearing exchanges in which it is possible to build trust through personal relationships (verified identity and reputation of all parties, along with organizational transparency), and to allocate credit to members based on that and the market value of their output. At the same time, these credit clearing exchanges can be networked together to enable non-monetary payment on a global basis–a payment system that I describe as “locally based but globally useful.”
We will have an “exchange revolution” that is analogous to the IT revolution. Our micro-computers were initially isolated and had limited capabilities; now we have tremendous power right at out fingertips to do many useful things, and our local devices are linked through the internet giving us unprecedented access to each other almost anywhere and anytime, and almost unlimited amounts of information on most any subject.
Realization of this vision is close at hand.–t.h.g.
- Puerto Rico Insurers Seek Talks to Avert Next Major Bond Default
- Gov. Rauner calls some Chicago schools ‘crumbling prisons
- Chicago Water District sells bonds as pensions cost it AAA grade
- China Forex Reserves Shrink, Renewing Capital-Flight Concerns
- Puerto Rico's air ambulance company ends service over debt
- China's massive piling-on of debt is reminiscent of the lead-up to the GFC
- NZ's half-trillion-dollar debt bomb
- Germany reaches negative rate milestone
- Asia Bond Yields Hit Record Lows as Nomura Says Tide to Turn
- Draghi Smashes Corporate Yields to 1% Before a Bond Is Bought
A growing movement that combines open source design with sustainability is creating an exciting alternative to profit-driven, proprietary sustainability products. As we face urgent issues like climate change, the ability of open source communities to quickly and inexpensively create solutions makes increasing sense.
In an effort to spread a love of libraries and the joys of reading, one Los Angeles librarian is taking books to the streets with a Book Bike.
From her three-wheeled bike, which carries 250 pounds of books, Ednita Kelly has given away over 5,000 free books. The library project is a way for her to encourage kids to read and to connect the job she loves with her community.
"I believe in the magic of libraries and what we bring to people,” she told ABC 7 News. “I really wanted to show that off in a fun way.”
I’m excited to be back in Greece and reconnecting with my colleagues here. The mood here seems to be more subdued as the people try to cope with asset privatization, wage and pension cuts, higher taxes and other conditions imposed from outside. I’m told that mortgage foreclosures will begin soon, which may trigger some popular reaction. The metro workers in Athens have announced they will be striking for several hours each day over the next few days. Fortunately the hours of service disruption have been posted so one is able to plan accordingly.
All of this underlines the urgency of designing and implementing systems that are capable of devolving power to the national, community, and personal levels. For me, the most effective strategy seems to be reclaiming the “credit commons”. That is what we will be working on during my workshop on innovation in exchange and finance from 24 June thru 1 July, 2016 at Kalikalos Holistic summer school near Volos, Greece.
Space is still available if you would like to participate. Details about the course, fees, and booking are at http://www.kalikalos.org/exchange-finance. Don’t let finances stop you; we will be able to offer a limited amount of bursaries (Please write an application to our team firstname.lastname@example.org).
Special arrangements for Greek participants provide them (1) a discount of 33% on the full course, or (2) for those who can participate only on the weekend of 25/26 June, an invitation to do so on the basis of a free will offering.
This will be a workshop/colloquium in which everyone plays an active role in an intensive process of inquiry, discovery, sharing and collaboration aimed at:
- achieving a deeper understanding of the principles of credit, finance, and the exchange process, and,
- developing action plans for the design and implementation of robust systems that can be widely proliferated and quickly scaled up to global dimensions.
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