Mish's Global Economic Trend Analysis

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French Farmers Upset Over Falling Prices, Torch Tax and Insurance Offices, Dump Produce Posted: 20 Sep 2014 10:18 AM PDT As a direct result of sanctions on Russia, there is an overabundance of fruits and vegetables in France, Spain, Poland, and elsewhere in Europe. Basic law of supply and demand dictates prices of crops would fall. And they did. While most foolishly want to stick it to Russia, few actually are willing to pay the price if it affects them. Here is another case in point: French Farmers Torch Tax Office in Brittany Protest. French vegetable farmers protesting against falling living standards have set fire to tax and insurance offices in town of Morlaix, in Brittany. The farmers used tractors and trailers to dump artichokes, cauliflowers and manure in the streets and also smashed windows, police said. Prime Minister Manuel Valls condemned protesters for preventing firefighters from dealing with the blaze. The farmers say they cannot cope with falling prices for their products. A Russian embargo on some Western goods - imposed over the Ukraine crisis - has blocked off one of their main export markets. About 100 farmers first launched an overnight attack on an insurance office outside Morlaix, which they set light to and completely destroyed, officials said. They then drove their tractors to the main tax office in the town where they dumped unsold artichokes and cauliflowers, smashed windows and then set the building on fire. Everyone Loses The French protest underscores the stupidity of sanctions. No one wins. Russia does not get fruits and vegetables, but European growers lose income. France actually the worst end of it, with a tax office destroyed and widespread discontent spreading. In Russia, support for Putin is at all-time high. Sanctions will never work. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com  Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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The World Is United in the Fight Against ISIL

Here's what's going on at the White House today.         DAILY SNAPSHOT Saturday, September 20, 2014             Featured Weekly Address: The World Is United in the Fight Against ISIL In this week's address, the President thanked Congress for its strong bipartisan support for efforts to train and equip Syrian opposition forces to fight ISIL. This plan is part of the President's comprehensive counter-terrorism strategy to degrade and destroy the terrorist group, and does not commit our troops to fighting another ground war. America, working with a broad coalition of nations, will continue to train, equip, advise, and assist our partners in the region in the battle against ISIL. In the coming week, the President will speak at the United Nations General Assembly and continue to lead the world against terror, a fight in which all countries have a stake. Click here to watch this week's Weekly Address.       Top Stories It's On Us to Stop Sexual Assault Yesterday at the White House, President Obama joined Vice President Biden and Americans across the country to launch the "It's On Us" initiative -- an awareness campaign to help put an end to sexual assault on college campuses. "It's On Us" asks everyone -- men and women across America -- to make a personal commitment to step off the sidelines and be part of the solution to campus sexual assault. READ MORE What's a Continuing Resolution and Why Does It Matter? This week, Congress passed and President Obama signed something called a Continuing Resolution, an important measure that ensures our government has the resources necessary to address key domestic and national security goals in the months ahead. Want to learn what exactly a Continuing Resolution is and what this one includes? Here's a few answers to some key questions that many Americans may be asking. READ MORE Stepping Up Our Efforts to Help Combat the Ebola Outbreak At the Centers for Disease Control and Prevention (CDC) in Atlanta on Tuesday, President Obama discussed the Ebola outbreak in West Africa and announced a major increase in our efforts to help fight the outbreak. While reiterating that the chances of an Ebola outbreak in the United States are very unlikely, the President emphasized that the outbreak is still a national security priority, and that the government has "devoted significant resources in support of our strategy." READ MORE   Facebook     Twitter    |   More Ways to Engage Did Someone Forward This to You? Sign Up for Email Updates This email was sent to e0nstar1.blog@gmail.com Unsubscribe | Privacy Policy Please do not reply to this email. Contact the White House The White House • 1600 Pennsylvania Ave NW • Washington, DC 20500 • 202-456-1111

Seth's Blog : What everyone reads

 

What everyone reads

Everyone used to read the morning paper because everyone did. Everyone like us, anyway. The people in our group, the informed ones. We all read the same paper.

Everyone used to read the selection of the book of the month club, because everyone did.

And everyone used to watch the same TV shows too. It was part of being not only informed, but in sync.

Today, of course, that's awfully unlikely. Only 1 or 2 percent of the population watch the typical 'hit' show on cable. Of course, it's entirely possible that everyone in your circle, the circle you wish to be respected by, is watching the same thing, but that circle keeps getting smaller, doesn't it?

And when 'everyone' isn't part of the picture any more, when the long tail is truly the only tail, plenty of people stop trying. They stop reading difficult books or watching less-than-thrilling video, and they don't push themselves to do the hard stuff, because, really, why bother?

Society without a cultural, intellectual core feels awfully different than the society that we're walking away from.

       

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Mish's Global Economic Trend Analysis

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Idiotic Proposals for Fed to Give Away Money Posted: 19 Sep 2014 12:27 PM PDT A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America . Grgurich formulated his article after reading "an intriguing piece just published in Foreign Affairs, Brown University political economist Mark Blyth and London-based hedge fund manager Eric Lonergan argue the Fed could have done better by pursuing a far different type of grand policy experiment." The "intriguing piece" is Print Less but Transfer More, Why Central Banks Should Give Money Directly to the People. Sheer Idiocy First, the Fed cannot give away money, it can only make money available for lending.  Second, the idea that the Fed should give away money is ludicrous, even it the Fed could.  Third, Grgurich is in severe need of math lessons as to what actually transpired.   The Math According to the census department the number of US households is 115,226,802. Base Money Supply has gone up from $848 billion at the start of 2008 to $4.150 Trillion today. That is an increase of roughly $3.3 trillion. An increase in money supply of $3.3 trillion is not the same thing as a gift of $3.3 trillion. At most, banks made 0.25% interest (free money) on excess reserves parked at the Fed. The actual amount of excess reserves is $2.7 trillion. 0.25% of $2.7 trillion is $6.75 billion. That is the amount the Fed effectively gives banks, per year. Spread among 115,226,802 households the gift would be $58.58 per year (less actually because excess reserves grew over time they did not suddenly hit $2.7 trillion). Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

"Surprising" MH17 Crash Update Posted: 19 Sep 2014 07:33 AM PDT The title of this article, "Surprising" MH17 Crash Update, is accurate only in the sense the average sheep believes the average mainstream media report. Since that is the majority, the title is accurate. Mish readers, however, may find this report not surprising. Reader Marina from Toronto explains via email .... Hello Mish, My name is Marina. I am a long-time fan of your blog and a friend of Nicole Foss at Automatic Earth. I am also a volunteer translator for The Vineyard Saker website. Our team has just translated a very important report on the MH17 crash released by the Russian Union of Engineers. We have included several prominent journalists and other persons in the distribution of this important document. Regards, Marina Toronto Union of Engineers Report Please open your minds and download the Translated Report on MH17. Forget about the origin and give the report a read. It may open your eyes. Looking for another opinion? If so, please consider the Automatic Earth Commentary on MH17. I side with Raul on Automatic Earth who says "At the very least the report should be broadly discussed in western media, and western experts asked to refute what parts of it they find fault with." Indeed. Where is the discussion? My take: There is no government interest in any possibility other than a preordained self-serving US conclusion. Thus, there is not, nor will there be any mainstream media analysis of that nature barring a Watergate or Snowden-type disclosure. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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Damn Cool Pics

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• This Guy Found Out The Hard Way That Cheating Is Wrong
• The Inside Of A Turtles Mouth Is Absolutely Terrifying
• Unknown Facts About Well-Known Paintings

This Guy Found Out The Hard Way That Cheating Is Wrong Posted: 19 Sep 2014 11:16 AM PDT Poor Charlie Fisher went away on holiday and when returned he had a surprise waiting for him at the airport. He got off the plane and then saw his girlfriend, standing with his other girlfriend, who was standing with his other girlfriend. Looks like someone got busted.

The Inside Of A Turtles Mouth Is Absolutely Terrifying Posted: 19 Sep 2014 10:23 AM PDT Chances are you've probably never seen the inside of a turtles mouth or even wondered what it looked like. Well after you see what it looks like in there, you will never forget it.

Unknown Facts About Well-Known Paintings Posted: 18 Sep 2014 08:28 PM PDT When it comes to famous paintings throughout history these are the ones that everyone is familiar with. But how much do you really know about these paintings?

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It's on us

I'm proud to work for our President every day. But that's especially true today.

I'm proud to work for our President every day. But that's especially true today. "To the survivors who are leading the fight against sexual assault on campuses, your efforts have helped to start a movement. I know that ... there are times where the fight feels lonely, and it feels as if you're dredging up stuff that you'd rather put behind you. But we're here to say, today, it's not on you. This is not your fight alone. It's on all of us -- every one of us -- to fight campus sexual assault. You are not alone, and we have your back." That's what President Obama said in the East Room this morning, when he announced the launch of "It's On Us" -- a new effort to fundamentally change the way we think about sexual assault as a country, by inspiring everyone to see it as their responsibility to do something. When I was in college, I met so many courageous students and friends who had been victims of sexual assault. Their stories, and countless stories of people just like them, touched me deeply and personally. They made me feel angry, sad, outraged, and -- often times -- powerless. I decided to do absolutely everything that I could to make a change, and keep it from happening to anyone else. So I organized with our campus gender relations center. We conducted bystander intervention trainings for students across campus, and worked to get out the word about sexual assault: how people couple help step up to stop it, and how survivors could get the resources they needed to heal. I believe, just like so many others working to end sexual assault, that it's on every one of us to step up, take a stand, and make a difference where we can. Right now, I'm asking you to take a stand, too -- join the President and Americans across the country by making a personal commitment to help keep men and women safe from sexual assault. Visit ItsOnUs.org, and take the pledge. Today, it's estimated that one in five women on college campuses has been sexually assaulted. Just 12 percent of those assaults are reported. It's on all of us to change that. So when you take a stand, you're recognizing that non-consensual sex is sexual assault. You're saying you'll identify situations in which sexual assault may occur, and you're saying you'll intervene when it does. You're committing to help create an environment in which sexual assault is unacceptable and in which its survivors are supported. Because we'll only move forward as a country when every single one of us fully understands and owns the stake we have in this fight. Add your name, join the fight, and let's move forward together. It's on us. Jordan Jordan Brooks Special Assistant to the Chief of Staff Office of the First Lady The White House This email was sent to e0nstar1.blog@gmail.com. Unsubscribe | Privacy Policy Please do not reply to this email. Contact the White House The White House • 1600 Pennsylvania Ave NW • Washington, DC 20500 • 202-456-1111