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WEEKLY MIND FOOD 08/01/12 Print E-mail
Written by Joe Katzman   
Wednesday, 01 August 2012

Weekly Mind Food aims to show you what TTPers without a regular column, but with deep expertise in key fields, are paying attention to. We call ourselves TTP's Team B. Note the "Weekly Mind Food" category in the left side-bar now, which will have all our issues. They're Free Access, as are all the linked articles, so feel free to read them at your leisure - and mail the article's URL to your friends!

Paul (internet tech, privacy, economics). Citizen K (hydrocarbon industry), and "devry" (security, economics, Personal Plan B) are aboard. We also congratulate TTPers bobbear, hardcharger, kramer, and mrapp, for freelance link suggestions that met the test - and calgarydave, who deserves credit from last week.

This week's issue has a pair of themes. One is of resilience, courage, and hope in troubled times. The other motif this week is China. So, here's your "Hope and Changs" for the week...

To simplify your scans, I've divided the links into sections: Polis (domestic politics), Techne Logos (tech), Economos (global economy), Stratiootika (geopolitics & military), plus 1 Good News item to brighten your week and/or make you better. Enjoy!

Over The Hump: Good News This Week

Doc Talk: The Greatest Superhero Movie of the Summer Is a Documentary (Movies.com, July 25/12). Ai Weiwei is China's most famous international artist, and its most outspoken domestic critic. Ai WeiWei: Never Sorry is inspirational, and instructive for us all in these times.

 

Polis

 

Techne Logos

JK: Our controllers? Imagine China's. Printable weapons is the equivalent of computers to the Soviet Union - the future China doesn't dare touch, but can't possibly ignore. If additive manufacturing can easily make guns, they have to control it extremely tightly. That will crimp access, training, experimentation, and innovation. If we don't make the same mistake, its spread and innovations could take very big chunks out of "Made in China". Pick your poison, comrades.

Economos

Michael Krieger interview, (Future Money Trends, Freedom Fest 2012) "...the main message I try to convey is that "awake" people must not live in fear. The system owns you emotionally when you live in fear.... life is short. You can and must enjoy life while fighting these criminals, otherwise they win. Give yourself to love, compassion and truth."


  • devry: Fed Eyes Limiting Money-Market Fund Withdrawls (NASDAQ, July 19/12).
    As the US is forced to hold down government bond rates via Federal Reserve programs like Operation Twist and (coming soon) QE3, savers face another challenge: the money market accounts tied to your checking and savings accounts run the risk of bankruptcy as they can't provide returns above expenses. In another attack on savers, the Fed is now discussing limitations on money market withdrawals to prevent a run on money market accounts. Soon, limitations on how much of your money you can access will be the norm in the US.


  • bobbear: Cuba to end Soviet-style economy and will implement market friendly policies (Mercopress, July 27/12).
    "We win, you lose" - Ronald Reagan. JK: Progress, but it's more of a shift from communism to state capitalist fascism, like China.


  • hardcharger: HSBC takes $2 billion hit for U.S., UK scandals (Reuters, July 30/12).
    I said last week to watch for this one. Interesting, too, how people in the hierarchy of financial institutions in trouble seem to meet "untimely" deaths.


  • prosenberg: HSBC linked to drug lords and terrorists, Senate report alleges (LA Times, July 17/12).
    This is not the first time, you understand. Wachovia laundered $378 Billion for the Mexican narcos. Behind the headlines (written by compliant editors), drug profits are a major force in securities markets and political campaigns world-wide.


  • citizenk: China's proposed $15 billion Nexen oil acquisition in Canada... Any news article is likely at least partially erroneous, all that I've seen so far are that way. IBD is so unreliable on facts. Nexen is mostly invested in fields as a partner with others in Gulf of Mexico, Yemen, Columbia, Nigeria, North Sea and Canada. Nexen's "Tar Sands" holdings are around Long Lake and are produced by steam flooding and pumping rather than strip mining. It holds a percentage.


  • jkatzman: 5 Signs of the Chinese Economic Apocalypse: From hog ratios to growing coal stockpiles, the Chinese economy is blinking red (Foreign Policy, July 2/12).


  • hardcharger: China prepares vast stimulus as slump threatens Asia (The Telegraph, July 30/12).

Stratiootika

This week's focus is on China's underpinnings. We'll have more links next week focused on its military, cyber-warfare, and how it's affecting its key neighbors.


 

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