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Reality Check

You Call This Science?

Follow the money

Mars One: How to boldly go and get voted off the planet Globe and Mail – May 12, 2013 We are not diminishing the ambitions of Mars One, a $6-billion plan to send the first human settlers on a one-way trip to Mars in 2023. A not-for-profit group called the Mars One Foundation will fund the ...

Life & Times
News & Views

Dear Germany: Vee are sorry, du kannst nicht have your gold back. – Alles liebe, NYC Fed

Federal Reserve Refuses to Submit to an Audit of Germany’s Gold Held in U.S. Vaults

NSNBC International – DR. LONG XINMING (4M) – Apr 18, 2013

The German government has been storing about half of its gold supply with the US FED, apparently in the NYC FED vaults. Germany decided to bring home all its gold, but the FED has said that isn’t possible to do, and it would need until 2020 to be able to accomplish the transfer.

The German government then asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were “security” and “no room for visitors”. And nothing else. more

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Lesson from Game of Thrones

Natalie Dormer as Margaery Tyrell

Don’t Believe the Hype—House Tyrell Is Richer Than House Lannister

Slate – MATTHEW YGLESIAS – Apr 17, 2013

…In Westeros, the Lannisters have the cube of gold and the Tyrells with the rich farmland of the Reach have the real resources. You can’t eat gold. You can’t feed it to your horse either. Gold doesn’t keep you warm during those lengthy winters. Gold is useful primarily because it’s a convenient medium of exchange (who wants to carry all that wheat around) and a durable store of value (keeping a whole bunch of horses alive and healthy is itself a resource intensive process). So people with claims over valuable real resources will often end up accumulating gold. But though the Lannisters have more gold than anyone else, that’s not how they got their gold. They just own gold mines. more

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Smash and grab

Here are two insightful must-reads on the recent tumble of gold and silver prices. The volatile, roller-coaster ride has been deliberately conceived and crafted by the Fed, Central Banks and friends like Goldman Sachs.

Gold Will Get The Last Laugh On Central Banks

Forbes – STEPHEN LEEB – Apr 17, 2013

In short, the West desperately wants to maintain the dollar and euro as reserve currencies. To keep the status quo, however, Western economies must also ensure that gold remain in the background. Otherwise, the central banks could no longer control commodity prices or virtually anything else in the monetary realm. more

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Childbirth up, marriage in decline – how has woman’s lot improved in the Western world of liberated women?

Nine facts about marriage and childbirth in the United States

Washington Post – EZRA KLEIN – Mar 25, 2013

2) We are very near the “tipping point” when most births will happen out of wedlock.

“48 percent of all first births are now to unmarried women. Thus, the nation is at a tipping point, on the verge of moving into a new demographic reality where the majority of first births in the United States precede marriage.”

3) Most unwed mothers are not teen mothers

“Many people continue to think of ‘unwed mothers’ as more or less synonymous with ‘teen pregnancy,’ but these numbers show that it’s well past time to retire that idea, particularly when we consider all births rather than just first births. Today, only 23 percent of all unmarried births are to teenagers. Sixty percent are to women in their twenties.” more

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Plundered!


This Gold Slam is a Massive Wealth Transfer from Our Pockets to the Banks

Peak Prosperity – CHRIS MARTENSON – Apr 15, 2013

…There are two things to note in these snippets. The first is that the main ideas being promoted about gold are that it is no longer to be trusted and that somehow the recent move is a result of “risk off” decisions – meaning, conversely, that there is increased trust in the larger financial markets that ‘investors’ are rotating towards. Note that these ideas are exactly the sort of messages that central bankers quite desperately want to have conveyed.

The second observation is even more interesting, namely that the only people quoted work directly for the largest bullion banks in the world. These are the very same outfits that stood to gain enormously if precious metals dropped in price. Of course they are thrilled with the recent sell off. They made billions. more

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