Eat for the Planet podcast: the truth about protein

Good discussion on a much misunderstood topic:  protein.

Kathy Freston is the co-author of Clean Protein, a book that highlights the health and environmental benefits of choosing plant-based proteins over animal sources.

Listen to this episode on the following platforms: iTunes | Stitcher | Google Play.

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IEA sees “explosive growth” in oil supply

Exploding supply growth and falling demand growth is a full circle to lower prices.

OPEC’s fear that another surge of shale oil could neutralize its production cuts might be coming true.

U.S. oil output is set for “explosive” growth this year as prices rally, the International Energy Agency said on Friday. That was just one of a chorus of voices from Goldman Sachs group Inc. to OPEC itself warning of a looming output surge reminiscent of the “heady days” of the first shale boom. Here is a direct video link.

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The fight for net neutrality continues

Selling privileged access and advance information to a few at the expense of the many has been a disaster for the stability and integrity of financial markets. Allowing a few to buy privileged access, and control of information flow on the internet, is also a bad idea.

Attorney General of California Xavier Becerra discusses the legal battle over net neutrality. Here is a direct video link.

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‘This time is different’ and the same old speculative fever

Economist David McWilliams has a rare command of historical context, the independence to speak freely, and an Irish gift for storytelling.  His recent article: Four very expensive words ‘This time is different’, is worth reading.  Here are a few highlights:

There is a huge difference between speculating and investing. The speculator typically starts with a little money and hopes to make a lot, quickly. The investor, in contrast, starts with a lot of money and hopes to make a little, more slowly.

All boom-and-bust cycles tend to follow similar paths and are always, as now, underpinned initially by low interest rates and cheap credit. The most expensive four words of all are: “This time it’s different”…

As markets go ever higher and the gap between valuation and prices becomes more and more stretched, it would seem injudicious to ignore the repeated warnings from history and overlook our human capacity for individual and collective self-delusion.

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Financial criminals continue to profit from fraud and theft with no jail time

A lawsuit filed this week by The Fire and Police Pension Association of Colorado alleges that Canada’s six biggest banks and three foreign lenders conspired to manipulate a key Canadian benchmark rate, CDOR (Canadian Dealer Offered Rate), to extract “illegitimate profits” on derivatives trades for several years until 2014.  The alleged violations, including conspiracy under the U.S. Sherman Act and manipulation of the Commodity Exchange Act, took place for almost seven years, according to the filing.  See:  Six Canada banks accused of manipulating derivatives benchmark.

The victims here? Working stiffs–front line emergency workers–pension beneficiaries whose trust funds received less interest than was due, or paid more interest than was owed, on derivative trades based on CDOR.  On top of chronic under-funding and under-saving, a key reason retirement funds today are deficit all around the world, is that the finance sector is run by wolves who are allowed to abuse positions of trust and enrich themselves at the expense of the masses.  They are still getting away with it everyday.

The below discussion about similar activity by Goldman Sachs and other US banks stealing funds from their clients to enrich themselves, is worthwhile.  No meaningful improvements in accountability and the solvency of society will happen until financial actors are held to a fiduciary duty, stripped off their proceeds of crime, and given jail time.  Not there yet.  I think it will happen, once the extent of the losses and deficits are revealed once more, in the next financial crisis.

Via America’s Lawyer: Mike Papantonio talks with Danielle DiMartino Booth about how a new federal lawsuit says Goldman Sachs and other Wall Street banks rigged the U.S Treasury Bond Market to gain profits for themselves. Here is a direct video link.

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Danielle on The Financial Survival Network

Danielle was a guest on The Financial Survival Network with Kerry Lutz, talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here.

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