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Daily Digest 11/18 – Saudi Arabia Puts $1.7T Price Tag On Oil Monopoly, 70% Of Americans Are ‘Struggling Financially’

Summary:
Economy ‘We can’t take it anymore’: As Lebanon economy skids, jobs in firing line (Sparky1) Banks, which closed for half of October, have blocked most dollar withdrawals and transfers abroad to avoid capital flight. They shut again this week after a staff strike over safety fears as people demand access to their money. The hard currency squeeze in turn has stymied trade, pushed people to stash cash at home, and pressured the Lebanese pound’s 22-year-old peg to the dollar. 70% of Americans say they are struggling financially (Sparky1) The findings come from a survey of more than 5,400 Americans from the Financial Health Network, a nonprofit financial services consultancy. The project, which started a year ago, is aimed at assessing people’s financial health by asking about debt,

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Daily Digest 11/18 – Saudi Arabia Puts $1.7T Price Tag On Oil Monopoly, 70% Of Americans Are ‘Struggling Financially’

Economy

‘We can’t take it anymore’: As Lebanon economy skids, jobs in firing line (Sparky1)

Banks, which closed for half of October, have blocked most dollar withdrawals and transfers abroad to avoid capital flight. They shut again this week after a staff strike over safety fears as people demand access to their money.

The hard currency squeeze in turn has stymied trade, pushed people to stash cash at home, and pressured the Lebanese pound’s 22-year-old peg to the dollar.

70% of Americans say they are struggling financially (Sparky1)

The findings come from a survey of more than 5,400 Americans from the Financial Health Network, a nonprofit financial services consultancy. The project, which started a year ago, is aimed at assessing people’s financial health by asking about debt, savings, bills and wages, among other issues.

Trump ignores Pentagon advice and intervenes in military war crimes cases (TS)

Defense Secretary Mark Esper and other senior military leaders had told the President that a presidential pardon could potentially damage the integrity of the military judicial system, the ability of military leaders to ensure good order and discipline, and the confidence of US allies and partners who host US troops.

Hong Kong protesters confront police to try to free campus allies (Sparky1)

The size of demonstrations has dwindled in recent weeks, but clashes between protesters and police have escalated sharply since early last week, when police shot a protester, a man was set on fire and the city’s financial district was filled with tear gas in the middle of the workday.

‘Absolutely No Mercy’: Leaked Files Expose How China Organized Mass Detentions of Muslims (Sparky1)

The leadership distributed a classified directive advising local officials to corner returning students as soon as they arrived and keep them quiet. It included a chillingly bureaucratic guide for how to handle their anguished questions, beginning with the most obvious: Where is my family?

Amazon rolls out ‘Amazon Pharmacy’ branding to PillPack (Sparky1)

But the e-commerce giant has been exploring other avenues for expansion into healthcare beyond the reported $753 million it paid for PillPack.

Amazon is a partner in a joint venture with Berkshire Hathaway (BRKA) and JPMorgan Chase (JPM) called Haven, which is focused on lowering healthcare costs and improving care.

Egon von Greyerz: Unprecedented Risk – Are You 50% Gold (pinecarr)

Debt continues to grow exponentially, and consequently, risk is growing at a super exponential rate. So what’s been the response to date? Just print more FIAT currency and increase the bubble.

Eastern Central Banks, however, continue to buy and stock pile more and more gold.

Food shortages cripple Bolivia, new elections still uncertain (Sparky1)

Morales fled to Mexico on Tuesday. But his supporters from largely coca-farming regions of the Andean nation have since taken to the streets, sometimes armed with homemade bazookas, handguns and grenades, barricading roads and skirmishing with security forces.

Some Morales supporters have demanded Anez, a former conservative lawmaker, resign. They have given her a deadline of midnight on Monday to step down, and have called for elections in 90 days.

San Francisco And NYC Begin To See The Ugly Side Of Socialism (Adam)

The Fair Workweek laws are designed to solve this problem. “They enforce fair scheduling practices to ensure workers have ample notice (typically two weeks) of their schedules and paid accurately and on time for their work,” Hardwick says. “As the name suggests, Fair Workweek laws aim to make unpredictable scheduling practices tenfold more fair — and predictable — so that workers can manage their lives outside of shiftwork more easily.”

YouTube says it will crack down on recommending conspiracy videos (Sparky1)

This month, a Washington Post investigation found a YouTube search for Supreme Court Justice Ruth Bader Ginsburg’s initials “RBG” turned up videos from the far-right — some of which falsely alleged doctors are keeping her alive with illegal drugs — which outnumbered results from reliable news sources. A Buzzfeed News investigation on Thursday found that after news-related searches, YouTube suggested conspiracy videos and content from hate groups. After a mass shooting at a high school in Parkland, Florida last year, a top trending video on YouTube suggested survivor David Hogg was an actor.

Exclusive: Haiti’s president warns of humanitarian crisis, calls for support (Sparky1)

But aid organizations are struggling to provide relief due to protester barricades blocking roads, as well as gang violence and other crime. The WFP has said it is ready to launch air and maritime transport operations but needs to raise $2.9 million to do so.

Moise said his acting government had written to the Trump administration requesting aid last month and the U.S. Agency for International Development agreed to provide 2,000 tonnes of food aid to address urgent needs.

Cybercrime Booms As Scammers Hack Human Nature To Steal Billions (jdargis)

It turned out Mark was on the vanguard of a growing wave of something called “business email compromise,” or BEC. It’s a category of scam that uses phony emails to trick employees at companies to wire money to the wrong accounts. The FBI’s Internet Crime Complaint Center says reported BEC amounted to more than $1.2 billion in 2018, nearly triple the figure in 2016.

Oh that it should come to this, part 15 – The Earth War (Jesper A.)

The reason we can say something about ALL of the 18th century is we can draw on these superficialities which in the big scheme of things become profundities, I think you catch my drift… Goethe is wrong once it comes to Napoleon Bonaparte and incidentally spot on as well… the damned miracle of technology — for tech is neither good nor bad, this comes down to how we use the damned things we made.

China Reports 3 Cases Of The Most Dangerous Type Of Plague (Rob B.)

On November 16, authorities diagnosed a third case of pneumatic plague. The man, age 55, is also from Inner Mongolia though authorities said his case was not related in any way to the couple medically evacuated to Beijing. Twenty-eight people who were in close contact with the man have been quarantined and none have exhibited symptoms of the plague.

The world’s most valuable company: Saudi Arabia puts $1.7 trillion price tag on its oil monopoly (Thomas R.)

Crown Prince Mohammed bin Salman had reportedly sought a valuation for Aramco near $2 trillion. But low oil prices, the climate crisis and geopolitical risk have raised skepticism among international investors. Up to 0.5% of the company will be sold to individuals, with the remainder offered to institutional investors.

Venice hit by record third exceptional tide in one week (Sparky1)

Venice was hit Sunday by a record third exceptional tide in the same week while other parts of Italy struggled with a series of weather woes, from rain-swollen rivers to high winds to an out-of-season avalanche. Stores and museums in Venice were mostly closed in the hardest-hit area around St. Mark’s Square, but tourists donned high rubber boots or even hip waders to witness and photograph the spectacle.

Greens Senate bid to overturn GMO regulation fails (ezlxq1949)

“The changes to the Gene Technology Regulations that we are seeking to disallow have made Australia the first country in the world to deregulate gene edited animals. This one move has the potential to kill our organic farming industry and massively hamper our traditional agriculture export industry too,” she said.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/15/19

Provided daily by the Peak Prosperity Gold & Silver Group

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