Daily Digest 8/9 - Phantom Jobs, Global Groundwater Use Outpaces Supply
Lloyd Online Fraud Chief Admits 2.4M Fraud (Thomas C.)
A Matter Of Trust - Part 2 (JimQ)
The Holy Roman Empire debased their currency in the early 1600s the old fashioned way, by replacing good coins with bad coins. Any similarities with the U.S. issuing pennies that cost 2.4 cents to produce and nickels that cost 11 cents to produce is purely coincidental. I wonder what the ancient Greeks would think of our Olympic gold medals that contain 1.34% gold. The authorities have become much more sophisticated in the last one hundred years. Digital dollars are so much easier to debase. The hundred year central banker scientifically manufactured bust relentlessly plods towards its ultimate conclusion – the dollar reaching its intrinsic value of zero.
WWIII: Great commodities war to end all wars (Thomas C.)
“It is true that eliminating our dependence on fossil fuels and other finite materials cannot be accomplished overnight — our current reliance on them is just too great,” warns Klare, well aware that the forces of capitalism are trapped in denial, cannot see the dangers dead ahead, focusing only on getting richer no matter the consequences to the planet.
Since 1998 the Gold Anti-Trust Action Committee, GATA, has been exposing, opposing, and litigating against collusion meant to control the price and supply of gold and other precious metals. GATA has collected and published dozens of documents showing Western treasury and central bank efforts at intervention in metals markets - interventions that occur both openly, as well as surreptitiously, preventing the proper functioning of a free market in gold. Chris Powell, co--founder and treasurer of GATA and Managing Editor of the Journal Inquirer, has come all the way to our DC studio to give us an update on where GATA is in its efforts.
The British bank lost over a quarter of its market value in 24 hours after Lawsky, the head of New York State's Department of Financial Services, threatened Monday to cancel Standard Chartered's state banking license, which is critical for dealing in dollars. Lawsky called Standard Chartered a "rogue institution" for breaking U.S. sanctions against Iran.
Phantom Jobs (Tall)
Kevin Flanagan didn't lose his job by accident. Outsourcing is not a freak occurrence of nature like an earthquake or hurricane, although we often use metaphors like that to describe what it feels like for those on the wrong end of it. Kevin Flanagan lost out because the economic policies that those in power have imposed on America guarantee that jobs like his will be eliminated. Of course, they never told Kevin that when he went off to college to study computer science.
The “problem,” the town says, is that a vegetable garden may only take up 30 percent of a yard’s area, and theirs takes up nearly the whole space. Due to this town code, they’ve been ordered to remove their garden in two weeks or less.
Over in India, which lost its position as the world’s biggest gold buying nation to China in the six months to March, jewelers are finding that some consumers are opting to Buy Gold in less quantity, purchasing smaller items of gold jewelry, Mineweb reports.
Though 80 percent of the world’s aquifers have sustainable footprints, people drawing on other aquifers are draining the world’s water supply. For these overtapped reservoirs, groundwater footprints vastly exceed aquifer areas. “It’s not sustainable,” Gleeson says. “We don’t know how long the aquifers will last.”
"There's no more money for luxuries and that helps," said Vogiatzis, who works away furiously with two other staff to meet demand for all sorts of bikes - some lavishly hand-painted in glitter, others flaunting the Greek flag.
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