Daily Digest 10/1 – The Countries With the Most Military Spending, What’s Ahead After End Of Early Stimulus

Economy

Our Finite World: Reaching the End of Early Stimulus – What’s Ahead? (CleanEnergyFan)

Another part of the world economy doing poorly is clothing sales. For example, many fewer people are attending concerts, weddings, funerals, out-of-town business meetings and conventions, leading to a need for fewer “dressy” clothes. Also, with air travel greatly reduced, people don’t need new clothing for visiting places with different climates, either. Most clothing is bought by people from rich countries but made by people in poor countries. This cutback in clothing purchases disproportionately affects people who are already very poor. The loss of jobs in these countries may lead to an inability to afford food, for those who are laid off.

Disney is laying off 28,000 employees as pandemic hammers its theme parks (tmn)

D’Amaro added that Disney’s employees have always “been key to our success, playing a valued and important role in delivering a world-class experience.”

“We look forward to providing opportunities where we can for them to return,” he said.

Global Food Shortages Are Becoming Very Real, And US Grocery Store Chains Are Preparing For Worst Case Scenarios (CleanEnergyFan)

Many of us can’t even imagine being in Matilde Alonso’s shoes. Sadly, this is going to be happening to even more families soon, because the UN World Food Program is projecting that the number of people facing “severe food insecurity” in Latin American and Caribbean nations will rise by a whopping 270 percent in the months ahead.

Thankfully, for the moment the United States is in far better shape. But there have been serious shortages of certain items throughout this pandemic, and many grocery stores have had a very difficult time trying to keep their shelves full.

Visual Capitalist: Charting the $1.7B Transfer of Military Equipment to Police Departments (000)

Law enforcement agencies gain access to a vast array of military surplus, from office supplies and thermal underwear up to armored vehicles and multi-million dollar communications systems. Also included in the mix are medical supplies and gear to aid in search and rescue operations. Since the program’s inception, over $7.4 billion worth of property has been transferred.

Mapped: The Countries With the Most Military Spending (000)

While just 10 countries are responsible for nearly 75% of this amount, the U.S. alone made up the lion’s share with 38% of the global total. In fact, its YoY rise in spending alone of $49.2 billion rivals Germany’s entire spending for the same year.

Naturally, many questions rise about where this money goes, including the inevitable surplus of military equipment, from night vision goggles to armored vehicles, that trickles down to law enforcement around the nation.

Democratic Sweep Will Unleash New $7 Trillion Fiscal Stimulus (CleanEnergyFan)

Blankfein’s trolling aside, what the ex-Goldman CEO forgot to mention is that just yesterday his former bank Goldman Sachs published a report in which it completely reversed itself on its warnings of a Biden victory which as early as a few months ago it said was market negative, and now claims that “a Democratic sweep could have a modestly positive net impact on the trajectory of S&P 500 profits.”

As a reminder, Biden has proposed lifting the domestic corporate statutory tax rate to 28% from 21%, reversing half of the Trump cuts, as well as implementing a number of other tax changes including an increased tax on global, low-tax, intangible (“GILTI”) income.

James Howard Kunstler: Civil War 2.0: “The Country Is Now Out Of Its Mind” (CleanEnergyFan)

If Mr. Biden actually shows up at this week’s debate, do you suppose that Mr. Trump will fail to bring up the subject?

Does this finally force Mr. Biden’s withdrawal from what has been the most hollow, illusory, and dispirited campaign ever seen at this level in U.S. political history?

An Epic Moment of National Shame: The Debate Was an Embarrassment for the Ages (tmn)

It is hard to imagine how the evening could have been more disrespectful to voters or a more embarrassing glimpse into the state of American political culture at moment when the country’s reputation in the world is already under severe challenge. Cumulatively this made the debate simply uncomfortable, like accidentally opening the office supply closet and seeing a naked colleague—just avert your gaze and walk away.

“That was a hot mess, inside a dumpster fire, inside a train wreck,” CNN’s Jake Tapper said on air, shortly after the candidates left the stage. “It wasn’t even a debate—it was a disgrace.”

American Thinker: Two Crucial Things Emerged From The First Presidential Debate (CleanEnergyFan)

If Democrats pack the Court, there are no more Republicans. The whole democratic republic will be over. Once Democrats pack the Court, they never again need to persuade American voters to support their policies. One of their first policies in that new era will be to add hard-left Washington D.C. and Puerto Rico as the 51st and 52nd American states. That means four more Democrat Senate votes and a permanent Democrat party majority.

You see, the hard-left Democrat party views our American political system the same way Turkey president Recep Tayyip Erdoğan viewed democracy before becoming a dictator for life: “Democracy is like a train. We shall get out when we arrive at the station we want.” This time around, once the Democrats win, they will change the rules so they can never lose again.

The Bad Daddy: Talking to kids about the protests, riots, and looting. (Phil D)

Rights were not equally shared across race or gender, an epoch folly, but reminiscent of the time. These rights were fought and won later, a righteous struggle that was long overdue.

That rights were not shared was the epitome of wrong. That they were fought for and won is the embodiment of right. That’s a lesson to explain to your children.

Kym Robinson: The Individual Against The Odds (CleanEnergyFan)

Social media, like most innovations, was a promise to open our worlds and to connect and share so many different ideas and experiences. Instead it becomes a series of cultivated echo chambers that snuff out certain viewpoints and celebrate others, always confirming a particular bias. It is with an unofficial handshake that the public, made of shrill and easily offended individuals, unite with corporations and states to mash out a new moral order that mutates in instances of outrage and crisis. It clings to central planning and yet it is not necessarily centrally planned. It is a negative instinct to constrict and subvert any desires and needs for liberty. It is the widespread transformation of language to duplicate words into meanings that could only be conjured up inside the laboratories of intellect inefficiency. It is born from a need to be safe and correct, but it is a dangerous approach to any issue or problem.

Excess Mortality Data Shows Trump Is Lying About Covid-19 Being More Deadly in Europe (000)

At an ABC News town hall two weeks ago, Trump said the confirmed Covid-19 death toll, showing the U.S. harder hit than any nation, should be ignored because, “There’s a chart that just came out a little while ago: excess mortality rate is compared to Europe, compared to other places, it’s about 25 percent better. In one case, it’s over 60 percent better.” He did not provide the chart.

Denmark Nears Pre-COVID Normality: No Masks Or Distancing In Schools, Just Common Sense (CleanEnergyFan)

Still, neither school or government health officials will readily admit the fact that young people at statistically at near zero risk of any complications due to COVID. Likewise, nearly all teachers fall well below the well-established elderly age-bracket risk zone. In addition to this, UK officials still refuse to acknowledge that the PCR test is not only unreliable as a diagnostic tool for COVID, it also cannot rightly identify whether a positive PCR test is indeed a ‘case’ or even an ‘infection.’ This means that the entire mass-testing effort championed by governments is fatally flawed at source. This is not up for debate, it is a scientific reality.

Chief Science Officer for Pfizer Says “Second Wave” Faked on False-Positive COVID Tests, “Pandemic Is Over” (Richard C.)

In the data for UK, Sweden, the US, and the world, it can be seen that in all cases, deaths were on the rise in March through mid or late April, then began tapering off in a smooth slope which flattened around the end of June and continues to today. The case rates however, based on testing, rise and swing upwards and downwards wildly.

Media messaging in the US is already ramping up expectations of a “second wave.”

Australian develops effective Triple Therapy to treat COVID-19 (ZGM)

He said Ivermectin has a good safety profile and in fact the WHO says in a report ‘Mass treatment with ivermectin: an underutilized public health strategy’. Some of the medical professionals already using it as a preventative therapy themselves. It is time to capitalize on the full public health potential of ivermectin” as an anti-parasitic.

Trump issues fresh rare earth mining executive order (TourGuideDC)

While the United States used to be the leading producer of the minerals, China has used its heft in the industry to its advantage in the trade dispute between the two world leaders.

Last year, Trump told the U.S. Defense Department to find better ways to procure samarium cobalt rare earth permanent magnets, which are often found in precision-guided missiles, smart bombs and military jets.

Today’s Energy Predicament – A Look at Some Charts (CleanEnergyFan)

If the entire world population could adopt the lifestyle of Bangladesh or India, we could indeed get our energy consumption down to a very low level. But this is difficult to do when the climate doesn’t cooperate. This means that if energy usage needs to fall dramatically, population will probably need to fall in areas where heating or air conditioning are essential for living.

Many people think that “running out” of oil supplies should be our big worry. I believe that lack of the “demand” needed to keep oil and other energy prices up should be at least as big a worry.

Restaurant owners left reeling as Glass Fire devastates Wine Country (tmn)

The situation is sparking memories of the 2017 Tubbs Fire that killed 22 people and destroyed more than 5,600 structures, including a number of beloved Wine Country restaurants and bars. But the crisis also brings with it a sobering reality that during a global pandemic they were barely surviving, local business owners could lose everything to wildfires.

Gold & Silver

Click to read the PM Daily Market Commentary

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 10/1 – The Countries With the Most Military Spending, What’s Ahead After End Of Early Stimulus appeared first on Peak Prosperity.

Powered by WPeMatico