Adam Smith knows food. A trained chef who has worked in numerous restaurants, the 29-year old also knows firsthand how much perfectly good food is wasted. Smith hails from Leeds, England, but it was a year spent working on farms in Australia that inspired The Real Junk Food Project (TRJFP), which changed the direction of his life. A pay-as-you-feel cafe model, TRJFP intercepts food headed for the landfill and turns it into restaurant-quality meals.
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What if you could carry and exchange gold in the exact same manner as you do with the dollar bills in your wallet?
Last year, we introduced the precious metals community to a company called Valaurum, which has developed a technology that's making this possible.
This week, we check in to see what's new (spoiler alert: Lots), as well as announce the availability of the new 2015 Peak Prosperity aurum note.
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A new study and data set that points to the causes of the recent massive die off of honey bees and CCD. Take notice and take action to protect these most important pollinators.
Learn to prevent these 6 common diseases from damaging your tomato plants this season and know how to ID the symptoms.
- Limits to Growth was right. New research shows we're nearing collapse
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- Greece’s Request for Loan Extension Is Rejected by Germany
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- U.S. to Monitor Air Quality in India and Other Countries
The remarkable success of grandiose pronouncements, money-printing programs and serial expansions of credit raises a key question: how many more “saves” can the central bank bazookas fire that will have the desired effects of maintaining perceptions of central bank omnipotence and pushing global markets ever higher?
- Why currency wars are heating up, and will get more intense from here
- Why it's critical to understand the influence that Triffin's Paradox has on the situation
- Why global crises will cause the dollar to strengthen further
- What will happen next
If you have not yet read How Many More “Saves” Are Left in the Central Bank Bazookas? available free to all readers, please click here to read it first.
In Part 1, we reviewed the deterioration of the dominant narrative of the past six years—that central banks can move markets higher and generate growth more or less at will. In shorthand: central bank omnipotence.
Three dynamics are undermining that narrative: diminishing returns on central bank monetary policies and public relations pronouncements; a collapse in oil prices that is destabilizing a key sector of the global economy, and the strengthening U.S. dollar, which is wreaking havoc on emerging-market currencies and economies.
If central banks really had such absolute control of the financial universe, would they let these three trends undermine their policies and power? The answer is clearly “no.”
There are a number of other factors undermining the “central banks are in control” narrative, but the field of battle where central banks are most likely to lose is foreign exchange (FX), for two fundamental reasons:
1. The FX market dwarfs the central banks. The equivalent of the entire Federal Reserve balance sheet ($4.5 trillion) trades in the FX markets every few days. Given the size of the market, central banks cannot manipulate the FX market via proxies or direct purchases for long. The only central-bank controlled factors that influence FX are interest rates paid on government bonds and money-printing. The first supports the currency, the second weakens it.
2. The FX market is still an open market, influenced by government bond interest rates, trade deficits and surpluses, perceptions of risk and speculative bets. This mix is much more dynamic than the two levers controlled by central banks: setting interest rates targets and creating new money to buy bonds.
Let’s trace the primary dynamics of the FX market, which is currently being destabilized by the rising U.S. dollar...
Great tips for ensuring successful seed starting and making the most out of your spring plantings and garden.
Also check out the article on setting up your DIY Indoor Seed Starting Station.
An estimated 40 percent of food in the U.S. is wasted by either being thrown away or left to rot. Considering that 49 million Americans live in food insecure households, this is a sobering statistic. Food waste also exacts an incredible toll on the environment. Food waste in landfills creates methane, one of the most harmful greenhouse gases; it leads to the wasteful use of chemical pesticides and fertilizers; and it causes unnecessary energy and transportation impacts.
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Imagine an online marketplace, similar to Amazon or eBay, that only sold ethical goods. Now make that marketplace a multi-stakeholder cooperative that involves sellers, consumers and the team building and running the platform along with other stakeholders. That's the vision for ethicalBay.
Being able to tie a variety of knots may not be something that comes to mind when you are preparing to survive in the wilderness (or in an urban environment after an economic collapse) but knowing a few advanced knots can save your life. Knots are useful for building shelters, constructing traps, securing a fishing line, and climbing steep terrain. If you use the wrong knot for any of these situations, you may have to cut the knot when you can’t untie it, or have it slip out and come undone. Here are five advanced knots that amateurs can master – and they each have unique applications in survival situations.
The financial “markets” of the US, Europe and Japan have become Truman Show creations. Markets is in quotes to denote the fact that they are more simulation than reality. In a world where the continuance of the programming depends on the virtual reality bubble being maintained, nothing is left to chance.
This spring, help establish a food source in your garden for Monarch Butterflies by planting Milkweed. As discussed in the Crash Course and the Accelerated Crash Course, Monarch Butterfly populations have been devastated in recent years by pesticide use and a lack of native food. Take a look at this informative article about how to create Monarch friendly habitat and do your part to support this valuable species.