Archive for December, 2007
James Turk: Liquidity Won’t Help Insolvency
December 13th, 2007Of course, James Turk has more riding on gold than just about anyone, but this is a good read anyway. Via: Kitco: The Federal Reserve today announced a new scheme to inject more liquidity into the money markets. It cobbled together a partnership arrangement, as the Canadian, UK and European central banks also agreed to […]
Import Prices Rise 2.7%, the Most in 17 Years
December 13th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. There’s lots of yammering about gold rising here, but until we break above 845, it’s range bound slop and whipsaws. Congratulations, though, to the Cryptogon falling knife catchers, who have done very well recently. Let me consult my Magic 8-Ball: All […]
U.S. DOLLAR HOLDERS MAY BE FORCED TO ACCEPT IMF RESERVE ASSETS IF THEY WANT TO DIVERSIFY; FLOOD OF DOLLARS THREATENS GLOBAL ECONOMY
December 12th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. “This is the warning I’ve been repeating for years: You do not want to try to reach the exit as millions of other people attempt to do the same thing. Waiting for clarity is not often rewarded. — Cryptogon: Waiting for […]
UK: McDonald’s Security Contractor Uses License Plate Recognition to Fine Slow Eaters
December 12th, 2007Don’t worry. You might be able to pay your fast food parking fine with the carbon credits that you’ll receive from your voluntary sterilization to stop global warming. No? Via: Guardian: The question of just how long it should take to eat fast food is being answered by the burger giant McDonald’s, which is making […]
Pentagon Poised to Resume Open Air Chemical and Biological Weapons Testing
December 12th, 2007* shaking head * * mumbling * Via: Scoop: The Pentagon has denied President Bush issued a directive for it to resume open-air testing of chemical and biological warfare(CBW) agents that were halted by President Richard Nixon in 1969. Yet, the Pentagon’s stated preparations make it appear it is poised to do just that. Spokesperson […]
Voice to Skull Technology in New York
December 12th, 2007Via: AdAge: New Yorker Alison Wilson was walking down Prince Street in SoHo last week when she heard a woman’s voice right in her ear asking, “Who’s there? Who’s there?” She looked around to find no one in her immediate surroundings. Then the voice said, “It’s not your imagination.” Indeed it isn’t. It’s an ad […]
Several Cryptogon Readers Send Contributions
December 12th, 2007Thank you all! AS $75 MS $20 excarsalesman.com $25 DT $20
The Final Frontier for Solar Energy: An Absurd Boondoggle in Space
December 12th, 2007Scientists in the U.S., Europe and Japan want to build a massive solar concentrator in space to beam gigawatts of power down to the surface of the planet. (The idea has been around, on paper, for years.) Clean, green power, They say. Absurd? Maybe not, if we consider some of the cast of characters, and […]
Washington Mutual to Close 190 Offices
December 12th, 2007Via: San Francisco Chronicle: Washington Mutual Inc., the nation’s largest savings and loan, said Monday that problems in the mortgage and credit markets are forcing it to close offices, lay off more than 3,000 workers and set aside up to $1.6 billion for loan losses in its fourth quarter. Additionally, the company slashed its quarterly […]
Gang-Rape Cover-Up by U.S. Government, Halliburton/KBR
December 11th, 2007Via: ABC News: A Houston, Texas woman says she was gang-raped by Halliburton/KBR coworkers in Baghdad, and the company and the U.S. government are covering up the incident. Jamie Leigh Jones, now 22, says that after she was raped by multiple men at a KBR camp in the Green Zone, the company put her under […]
