The increase in Europe was led by Germany, where sales of bars and coins rose 24pc to 24.1 tonnes in the second quarter. Demand in Austria and Switzerland also rose sharply, according to the WGC’s quarterly trends report.
No doubt that will seem a bit extreme and I pray that it is. But the reallocation of wealth, thanks to fiat money, is well underway now over the past 45 years and the wheels on the wagon have not yet even fallen off. They came ever so close to doing so in 2008-09. But by injecting massively more heroine into the veins of our economy, policymakers have managed to keep the patient feeling relatively well while continuing to destroy society’s vital organs. The vital organ that enabled the West to gain its standard of living was capitalism. But that vital organ of our society is being destroyed with massive pain-killing QE. With each dose, we come that much closer to the world that both Dr. McHugh and Robert Prechter have been warning us about.
Sens. Elizabeth Warren (D-Mass.), John McCain (R-Ariz.), Maria Cantwell (D-Wash.) and Angus King (I-Maine) have re-introduced what they call the “21st Century Glass-Steagall Act,” a bill that would reintroduce the separation between commercial and investment banking. The bill is aimed at “reduc[ing] risks to the financial system by limiting banks’ ability to engage in certain risky activities and limiting conflicts of interest, to reinstate certain Glass-Steagall Act protections that were repealed by the Gramm-Leach-Bliley Act, and for other purposes.”
Solitary confinement has long been a feature of the nation’s criminal justice system, either to punish or protect inmates, with about 75,000 state and federal prisoners in solitary across the country. Ke’jorium, though, is emblematic of a more select and far less visible group of prisoners in solitary — children or teenagers in isolation in adult jails for their own safety.
Study: Brazil Offshore Subsalt Holds 176 Billion Barrels Of Oil, Gas (travissidelinger)
Taken individually, the average size of undiscovered fields within the Subsalt Polygon is 246 million boe, according to the 2015 study’s most conservative estimate.
Recoverable resources are exploitable using current technology, but may not be viable depending on the price of oil, the cost of equipment and the financial health of the companies that own the rights to produce them. Resources can only become reserves if they economically exploitable.
California’s rivers and lakes are running dry, but its deep aquifers are also rapidly disappearing. The majority of the 40 million Californians are already drawing on this last reserve of water, and they are doing so with such intensity and without restriction that sometimes the ground sinks beneath their feet. The underground reservoir collapses. This in turn destabilizes bridges and damages irrigation canals and roads.
“The fact that the insurance against extinction given by a wide geographic distribution disappears at a known mass extinction event is an important result. Many groups of crocodile-like animals become extinct after the mass extinction event at the end of the Triassic era, despite being really diverse and widespread beforehand. In contrast, the dinosaurs which were comparatively rare and not as widespread pass through the extinction event and go on to dominate terrestrial ecosystems for the next 150 million years,” Dunhill said.
Gold & Silver
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