Kirby says the key assets in the game for the big money players are gold and silver. Kirby contends, “The Achilles heel of this whole shooting match truly is physical precious metal. It’s the one thing you cannot paper over unless you have people willing to excuse you of making a physical delivery of metal for a premium. . . . So long as people are willing to take fiat money in lieu of physical precious metal, the game can continue. The minute someone is due a large chunk of physical metal and the seller cannot supply it . . . that’s when this whole thing unravels. That’s when we see an uncontrollable rise in the price of precious metals like we’ve seen in the last three months in the crypto currencies.”
As of fiscal year 2015, the latest year for which complete accounts are available for all cities and states, governments reported unfunded liabilities of $1.378 trillion under recently implemented governmental accounting standards. However, we calculate using market valuation techniques that the true unfunded liability owed to workers based on their current service and salaries is $3.846 trillion. These calculations reflect the fact that accrued pension promises are a form of government debt with strong rights. These unfunded liabilities represent an increase of $434 billion over 2014, as realized asset returns fell far short of their targets.
The word “entrepreneur” is endlessly tossed around by politicians who know nothing of how hard it is to be an entrepreneur. You all love to say you encourage entrepreneurship, but the reality is you stand in the way. Most small businesses either fail or stay small because it is really hard to grow a business, and because of all the burdens you put on us.
The GOP bill, formally known as the American Health Care Act, passed the House earlier this month without a score from the CBO. The agency’s harsh assessment is likely to dampen the bill’s already grim prospects in the Senate, where GOP lawmakers possess only a slim majority.
“It’s informative to know the estimated impact of the House health-care bill — but the Senate is writing its own,” said Senator Lamar Alexander, a Tennessee Republican.
Look Who’s Buying Gold Now (Tiffany D.)
Last month, the U.K.’s Office for National Statistics said consumer prices rose 2.7%, the highest such gain in nearly four years.
The reason? Britain’s politicians may have only just started negotiating the nation’s departure from the European Union, but speculators and businesses have already placed their bets by selling pounds. As a result, Britons found that a great many goods and services — from food, clothing and furniture to airfares, eating out and home prices — all took an upward lurch.
Vision 2030 proposes an economic restructuring that would in theory add 6 million non-oil jobs by 2030 and generate $100 billion per year in additional non-oil revenue by 2020 by reducing subsidies for gasoline, electricity and water and introducing a new value-added tax as well as initiatives to foster more non-oil industries like mining and military hardware. They have also suggested grandiose ideas to create the world’s biggest IPO for Aramco (the world’s biggest oil company) and to establish the world’s biggest sovereign-wealth fund worth over $2 trillion to invest in a wide variety of assets.
One important study that echoed these results was performed by the researcher, Seralini. Sadly, it was published and then retracted from the journal. It showed rats fed GM corn and soy over their entire lifetime developed mammary tumors, liver and kidney malfunctions. The controversy stemmed from the study sample size and other fraudulent allegations about how the research was set up. However, if you know the power and political pull that Monsanto has, you would question the legitimacy of these claims. Fortunately, the same study has now been republished by another journal.
And even though plant life only exists on a tiny fraction of Antarctica, about 0.3 percent, researchers found it is likely to increase significantly as the region warms. As land cover increases and the snow and ice cover decreases, the area also absorbs more heat. That could bring an ecosystem shift to Antarctica that is more in line with what researchers have found in the Arctic.
Gold & Silver
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