Archive for the 'Economy' Category
Zimbabwe Considering Commodity Based Currency
May 23rd, 2011Via: MineWeb: Zimbabwe’s central bank governor Gideon Gono on Thursday proposed the introduction of a gold-backed local currency, which was destroyed by hyperinflation and replaced by multiple foreign currencies in January. A unity government formed by rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai in a bid to end a political crisis introduced multiple […]
The World’s Largest Man-Made Floating Object
May 23rd, 2011Via: Popular Science: Shell is making good on its promise to build the largest object ever to float on water, announcing Friday it would build the Prelude FLNG Project to harvest offshore natural gas fields. The gargantuan ship will suck up the equivalent of 110,000 barrels of oil per day. The floating liquified natural gas […]
Utah Embraces Gold and Silver as Currency
May 23rd, 2011The Utah Gold and Silver Depository is an interesting idea, but remember how fractional reserve banking got started in the first place? That’s right: Gold depositories started issuing paper promissory notes that people used instead of their actual gold. The depositories noticed that only a small number of notes were redeemed in the physical gold. […]
Angry Over Unemployment, Tens of Thousands of Protesters Defy Ban in Spain Before Elections
May 21st, 2011Via: Washington Post: Tens of thousands of people are defying a pre-election ban on demonstrations and protesting unemployment in squares around Spain in defiance of an order to quit at midnight. The government avoided saying if it would order police to break up the crowds on Saturday, but at the stroke of midnight officers kept […]
China Expands Export Quotas of Rare Earth Metals
May 20th, 2011Via: BBC: China has expanded export quotas for rare earth metals, further tightening its grip on the minerals used in a number of high-tech electronics. From Friday, iron alloys containing more than 10% of rare earths will fall under the export quota, the commerce ministry said in a statement. Rare earths are a collection of […]
Researchers Cancel SCADA Hacking Presentation After Department of Homeland Security’s ICS-CERT and Siemens Raise Concerns
May 19th, 2011Via: NSS Labs Press Release: Dillon Beresford, security researcher at NSS Labs, who was scheduled to present at TakedownCon 2011 on SCADA vulnerabilities chose to withdraw his presentation at the 11th hour after collaborative discussions with ICS-CERT and Siemens regarding the serious consequences it may have to human lives and the world at large. The […]
Hedge Farm: The Doomsday Food Price Scenario Turning Hedge Fund Managers Into Survivalists
May 19th, 2011Via: New York Observer: This is happening in part because investors see their play as a hedge against hyperinflation. While the rest of the world uses the current calculation of the Consumer Price Index as a proxy for the cost of goods, some farmland investors are using a different equation, one from 1980. These investors […]
Gavin Andresen, Project Lead of Bitcoin, Invited to Speak at CIA
May 19th, 2011Via: Bitcoin Forum: I want to get this out in the open because it is the kind of thing that will generate conspiracy theories: I’m going to give a presentation about Bitcoin at CIA headquarters in June at an emerging technologies conference for the US intelligence community. I accepted the invitation to speak because the […]
Burzynski – Cancer Is Serious Business
May 18th, 2011Via: Burzynski: The Movie:
And Now… J.P. Morgan’s Hunt for Afghan Gold
May 18th, 2011Ultimately, victory will mean that Afghanistan becomes pacified in a manner that facilities effortless corporate rape. The purpose of the U.S. military is to tie the victim down. Then, the people in the suits step into the room… —The Runaway General J.P. Morgan bankers, who just happen to be former British SAS members, are working […]
