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Reality Check

You Call This Science?

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Life & Times
News & Views

Gold Reserves in Doubt

Why Germany Wants to See its US Gold

Der Spiegel – SVEN BOLL & ANNE SEITH – Oct 30, 2012

For decades, German central bankers have contented themselves with written affirmations from their American colleagues that the gold still remains where it is said to be stored. According to the report, the bar list from New York stems from “1979/1980.” The report also noted that the Federal Reserve Bank of New York refuses to allow the gold’s owners to view their own reserves. more

Posted in Economy, Money | Tagged , , , | Leave a comment

Happy cows make for happy humans

Where Cows Are Happy and Food Is Healthy

New York Times – NICHOLAS D. KRISTOF – Sep 8, 2012

“For productivity, it’s important to have happy cows,” he said. “If a cow is at her maximum health and her maximum contentedness, she’s profitable. I don’t even really manage my farm so much from a fiscal standpoint as from a cow standpoint, because I know that, if I take care of those cows, the bottom line will take care of itself.” more

Posted in Economy, Food: Field to Table | Tagged , , , | Leave a comment

Controversy over mother of all languages

Researchers identify present day Turkey as origin of Indo-European languages

Washington Post – HRISTIO BOYTCHEV – Aug 24, 2012

By using novel methods developed for tracing the origins of virus outbreaks, researchers say they have identified present-day Turkey as the homeland of the Indo-European language family. more

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Still banking on the banks?

European banks are technically bankrupt

Youtube.com – Max Keiser – Jul 13, 2012

Most people assume that a bank takes in a deposit, and then they loan that deposit out, and this creates liquidity in the system. That’s false. In today’s banking system, banks first lend the money into existence. That’s where money comes from. It’s loaned into existence as debt. A small fraction of that ends up on another bank’s balance sheet that they then call “collateral”. But it’s just debt. There is no hard collateral. That’s why at this time, around the world, there’s a mad scramble to try to reclassify gold as a tier one asset. more

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Are you satisfied being cheated?

The price of gold has been manipulated. This is more scandalous than Libor

The Telegraph – THOMAS PASCOE – Fri, Jul 13, 2012

If gold has been manipulated downwards and if that process continues, then all recourse to a store of value (other than land and property) has been taken from the individual. …In any case, it would appear that the Libor scandal at Barclays has acted to draw out more market figures willing to claim openly that organised price fixing has occurred in gold. more

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