Japan may be the worst of the basket cases. We don’t see everything there is to see yet, since the Tokyo spin machine is perhaps the best asset the country has left. But there can be no doubt that Abenomics is going to turn out brutal. And for many Japanese already has. The last straw will be the GPIF, world’s largest pension fund, switch to stocks just ahead of a giant stock market crash. Then there’ll be nothing left.
In Mandrake We Trust? (Adam)
Later, in the late 1960s, Europeans started trading-in exchangeable, gold-backed US$s for gold, as they realized the Treasury was, once again, over-printing. The U.S. Treasury was caught in another colossal and calculated fraud.
To stop the outflow of gold from the U.S. Treasury, President Nixon ended the illusion of a gold standard by ending US$ convertibility into gold in 1971, thereby letting the US$ “float.”
he debt situation has spiraled out of control, according to some market observers. Mr. Grass points out that the debt levels in the financial system, represented as “total US Dollar credit” by the red line in one of the following charts, is clearly decoupled from the real economy. Our current monetary system induces credit, although the marginal effect keeps on decreasing exponentially. Moreover, looking at the following chart on the left-hand side, according to Ray Dalio’s debt model, it appears we are close to the end of a long-term debt cycle. It is likely that we will see deflationary shocks in the (near) future. Most likely, central banks will continue to fight these problems by creating even more debt which probably lead to hyperinflation at a certain point in the future. A deflationary collapse becomes more likely the more the system is centralized.
More recently, as oil price growth has stalled, Hall’s trades have come up short, Bloomberg’s Bradley Olsen writes. Assets under management at his Astenbeck Capital Management LLC hedge fund firm fell as much as 29% to $3.4 billion this May from 2013.
But Hall, who also remains CEO of Phibro, a trading unit Occidental Petroleum bought from Citi in 2009, is unfazed by the losses. Despite America’s massive shale oil boom, Hall is convinced prices will rise.
And one can, you know, talk all one wishes about how impermissible it is for Russia to intervene, but the fact is they are going to intervene until they are certain that there is no prospect of Ukraine becoming a member of NATO. And all of the threats by NATO and so on to sort of increase defenses elsewhere is simply provocative to the Russians.
A team of British and Finnish scientists have figured out how to make small amounts of propane using Escherichia coli (E. coli), the naturally-occurring, diverse group of bacteria most commonly known for causing food poisoning symptoms when ingested.
The propane, created from a genetically engineered version of the bacterium, is completely renewable and could be ready for commercial production within 10 years, according to the team, which published a study on the discovery Tuesday in the journal Nature Communications. The propane can be used the same way regular propane is used — for furnaces, outdoor grills, and to make liquefied natural gas — except instead of being derived from fossil fuels, it would be derived from a renewable source.
Several HCAs are either documented or suspected carcinogens in humans, and can form adducts on DNA that can cause mutations or other genetic damage. Evidence linking HCA consumption to specific types of cancer is mixed, with some studies finding links while others fail to do so. This isn’t surprising, given how challenging it is to collect adequately detailed – and accurate – epidemiological data on a large enough sample of people to yield meaningful results. Nonetheless, some of the more recent, and better designed, studies have convincingly linked HCA consumption with cancers of the colon, prostate, lung and breast, among others. One study that failed to find a strong overall correlation between HCA consumption and cancer seemed to contradict itself by noting that, among its participants, those with the highest recorded levels of HCAs were individuals who suffered from cancers of the colon, bladder and kidneys.
The Kennedy Space Center, the launch site for the Apollo missions and every other manned space flight over the past 45 years, is just as endangered as the rest of the U.S. space program. The popular tourist attraction sits at the water’s edge on Cape Canaveral. Elevation: between six and 10 feet above current sea level, in the danger zone as oceans expand over the next 45 years. Other NASA outposts are just as threatened. “Retreat is the way to go here,” says a member of NASA’s climate-impacts team at Langely Research Center in Virginia.
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