The world is moving step by step towards a de facto Gold Standard, without any meetings of G20 leaders to announce the idea or bless the project. Some readers will already have seen the GFMS Gold Survey for 2012 which reported that central banks around the world bought more bullion last year in terms of tonnage than at any time in almost half a century. They added a net 536 tonnes in 2012 as they diversified fresh reserves away from the four fiat suspects: dollar, euro, sterling, and yen. The Washington Accord, where Britain, Spain, Holland, South Africa, Switzerland, and
Governments went off the gold standard in order to be able to manipulate currencies for Keynesian economic management. Along with the lesson of Keynesian discreditation, the folly of abandoning the gold standard has also been demonstrated, but is slow to be kenned.
While the markets and savvy money managers and investors are well aware of these realities, the ideologues of the Left are not, and the inertia that the flat learning curve on the part of Leftist’s will ensure some rough times ahead.
Meanwhile, the federal goobermint emptied out Fort Knox in their quest for spending. Did you know that the Fed dumps gold on the market (from Knox) when they think the price of gold is getting too high? That´s why I think Knox is empty.
The Ivy-League educated half-brother of President Obama is publishing his autobiography in which he makes the shocking claim their father dished out alcohol-fueled beatings to him and his mother and in one terrifying instance held a knife to her throat. Mark Obama Ndesandjo, 48, also uses his new book to set the U.S. president straight on inaccuracies he claims exist in his best-selling 1995 memoir Dreams From My Father and confirms they have never seen eye-to-eye because ´Barack thought I was too white and I thought he was too black.´ The self-published book, Cultures: My Odyssey of Self-Discovery, which will be
Passive smoking doesn´t give you lung cancer. So says a new report publicised by the American Cancer Institute which will come as no surprise whatsoever to anyone with a shred of integrity who has looked into the origins of the great "environmental tobacco smoke" meme. It was, after all, a decade ago that the British Medical Journal, published the results of a massive, long-term survey into the effects of second-hand tobacco smoke. Between 1959 and 1989 two American researchers named James Enstrom and Geoffrey Kabat surveyed no few than 118,094 Californians. Fierce anti-smoking campaigners themselves, they began the research because they
Try as it might, the White House just cannot put the Edward Snowden story to rest: the leaks keep on dribbling out and this week the US District Court in Washington ruled that the bulk collection of phone records is "Orwellian" and likely to be unconstitutional. That (slightly histrionic) opinion will certainly be subject to appeal and review--ultimately by the Supreme Court--but whatever the eventual result, it means that the White House no longer has any hope of parking this story, as it might have hoped when it first broke. This is to be welcomed, but with an important caveat.
An unknown number of Target Corp customers shopping over the busy Black Friday weekend had their credit card information stolen in an "extensive" breach of the U.S. retailer´s security, Dow Jones reported on Wednesday, citing people familiar with the matter. The theft may have occurred through software installed at machines customers use to swipe their cards when paying, Dow Jones cited one of the unidentified sources as saying. The Black Friday weekend after Thanksgiving is among the busiest shopping periods of the year. Target did not respond to requests for comment.
Raleigh, N.C.--Over the last seven years, thousands of children have passed through the exam rooms of Dr. Albertina Smith´s office off Capital Boulevard. [Snip] "For the past seven years, it´s been good for me," Smith said. "In fact, because I had so little capital when I started the practice, it was easy to start because Medicaid is typically very reliable when it comes to payment." When the state flipped the switch on its new Medicaid system in July, it created a big problem for Smith--about 90 percent of her payments just stopped coming. "In my mind, the beginning of July
A dying patient who was escorted out of a North Carolina hospital for being ´uncooperative´ was loaded into a taxi where he was later found dead by his mother, she has claimed. Deborah Washington has filed a lawsuit against AlliedBurton Security Services claiming their staff at Cumberland County Hospital forcibly removed her adult son even though he was dying or already dead. She claims that the guards took A´Darrin Washington, 30, from the hospital, carried him from his wheelchair to a waiting taxi, buckled him up and sent him home even though he was gravely ill. Mr Washington was found dead in the
Western nations have admitted to the Syrian opposition that they cannot remove President Bashar al-Assad from power as it would risk Islamist militants taking control of the war-torn country. Officials revealed it will likely be essential to keep Assad´s Alawite minority in any transitional administration. The message, delivered to senior members of the Syrian National Coalition at a meeting of the anti-Assad Friends of Syria alliance in London last week, was prompted by rise of al Qaeda and other militant groups. They have taken over a border crossing and arms depots near Turkey belonging to the moderate Free Syrian Army, the sources told
A&E broke its silence on Duck Dynasty star Phil Robertson’s anti-gay comments late Wednesday. The cable network announced Robertson is off the hit show for the time being. The network issued the following statement to EW: “We are extremely disappointed to have read Phil Robertson’s comments in GQ, which are based on his own personal beliefs and are not reflected in the series Duck Dynasty. His personal views in no way reflect those of A+E Networks, who have always been strong supporters and champions of the LGBT community. The network has placed Phil under hiatus from filming indefinitely.”
President Barack Obama sent Russia a clear message about its treatment of gays and lesbians with who he is — and isn’t — sending to represent the United States at the Sochi Olympics. Billie Jean King will be one of two openly gay athletes in the U.S. delegation for the opening and closing ceremonies, Obama announced Tuesday. For the first time since 2000, however, the U.S. will not send a president, former president, first lady or vice president to the Games. Russia has come under fierce criticism for passing national laws banning “gay propaganda.” Though the White House did not specifically address
Is this man simply expressing his beliefs or spewing bigotry?Either way, Phil Robertson, the patriarch in A&E´s "Duck Dynasty," won´t be duck calling on air anytime soon. The network suspended him after slamming gays in a magazine interview. In the January issue of GQ, Robertson said homosexuality is a sin and puts it in the same category as bestiality and promiscuity. "It seems like, to me, a vagina -- as a man -- would be more desirable than a man´s anus. That´s just me. I´m just thinking: There´s more there! She´s got more to offer. I mean, come on, dudes! You know
The gay and lesbian rights group GLAAD is slamming ´Duck Dynasty´ patriarch Phil Robertson for comments he made about homosexuality to GQ magazine, and challenging the show´s network, A&E, to take action against its most popular star. In a wide-ranging interview, Robertson shared his thoughts on homosexuality and religion. After stating in very graphic terms his preference for heterosexual sex over homosexual sex, Robertson launched into more thoughts about homosexuality and sinning. “Everything is blurred on what’s right and what’s wrong... Sin becomes fine,” he said.
Yes, she really said it. On CNN’s Piers Morgan Live Tuesday, in a brief discussion about President Obama, Barbara Walters actually said, “We thought that he was going to be - I shouldn´t say this at Christmastime, but - the next messiah” (video follows with transcript and commentary): PIERS MORGAN, HOST: You have interviewed every president of my lifetime. Why is Obama facing so much opposition now? Why is he struggling so much to really fulfill the great flame of ambition and excitement that he was elected on originally in 2009?
Everyone is doing thoughtful year-end pieces on President Obama. Writers and reporters agree he’s had his worst year ever. I infer from most of their essays an unstated but broadly held sense of foreboding: There’s no particular reason to believe next year will be better, and in fact signs and indications point to continued trouble. I would add that in recent weeks I have begun to worry about the basic competency of the administration, its ability to perform the most fundamental duties of executive management. One reason I worry is that I frequently speak with people who interact with the White
London – Large tapestry portraits of President Barack Obama were unveiled for guests at the U.S. Embassy in London over the weekend. The recently-installed, large-scale tapestry portraits were created by National Medal of Arts winner and renowned American painter, photographer Chuck Close. Close created the portraits by compiling and interweaving Polaroids of the president from an hour-long photo shoot done the summer before, the Washington Post reports. The portraits are nearly 8 feet tall and more than 6 feet wide, with the final piece looking like photos but feeling like textiles. Close used one photo of Obama smiling and another