- Officials Tracing New York Ebola Patient’s Movements, While Reassuring a Wary City
- Putin's advisor and experts discuss economy, sanctions and central banks
- Americans taking fewest vacation days in four decades
- U.S. Is Investigating Report That Islamic State Used Chlorine Gas
- Why do people put solar on their roofs? Because other people put solar on their roofs
- 8 Reasons For Our Oil Price Predicament
- Strips of Native Prairie Protect Farm Soil
- The U.N. says water is a fundamental human right in Detroit
We are pleased to announce that PrepareDirect is offering PeakProsperity.com readers a special discount of 5% off all FoodBrick Storage Containers (this is an additional 5% off PrepareDirect's low prices).
- The Last Days Of The Growth Story
- Detroit With a Boardwalk
- Poverty and class: the latest themes to enter the US banned-books debate
- Permanent Damage to US Economy-Michael Snyder
- Bond funds stock up on Treasuries in prep for market shock
- Dollar Strength Does Not Bode Well for U.S. Overseas Companies
- Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil
- Massive coal field discovered in China's Xinjiang
- Abengoa celebrates grand opening of cellulosic ethanol plant
- Plastic Bits Found Floating Around In 24 Out Of 24 Samples Of German Beer
A great exploration of adding guinea fowl to your homestead for a variety of reasons, including tick and pest control control, meat production and can be used at a form of property security alarm.
3 reasons why peer-to-peer marketplaces fail (and how not to)
This is the first of a series of 3 posts. Read part 2 here and part 3 here. Peer-to-peer marketplaces can be great businesses. They combine the convenience of online stores with the scale that com...
Gold has been in a bear market for three years. Technical analysts are asking themselves whether they should call an end to this slump on the basis of the "triple-bottom" recently made at $1180/oz, or if they should be wary of a coming downside break beneath that level. The purpose of this article is to look at the drivers of the gold price and explain why today's market value is badly reflective of gold's true worth.
- Why China & Russia are placing the highest priority on increasing their gold reserves
- The Asian SCO's agenda for re-defining trans-Asian money
- The looming crisis in paper currencies
- The 6 key reasons to amass paper gold today
Part 1 summarized gold’s technical position, the market position, made a value judgement against fiat dollars, described and quantified the paper market, and noted the long-term shifts of bullion into Asia. There are three big subjects left to deal with: the dynamics at the hear of the West-to-East flow of physical bullion, the scope for an accelerated deterioration in the purchasing-power of paper currencies, and the financial cold war between the advanced western economies and the Asian Shanghai Cooperation Organisation (SCO.Understanding The Flow Of Gold Into China & Russia China
China’s appetite for gold has only become obvious in recent years. In reality, we do not know how much gold China has imported. We only know that for whatever reason she appears to be importing significantly larger quantities than publicly admitted. It is worth bearing in mind that this started long before the Shanghai Gold Exchange was established in 2002; the original regulations delegated total control of gold and silver to the Peoples Bank (the central bank – PBOC) in June 1983. Given at that time the west was selling gold down to the $250 level, China has most probably been secretly stockpiling gold for the last thirty years.
The 1983 regulations appear to have been introduced to take advantage of freely-available supply. Between 1983 and 2002 there was significant leasing activity by European and other central banks as well as outright sales in addition to mine output. Furthermore, the bear market from 1980-2000 led to considerable divestment of privately owned gold vaulted in Switzerland. The following table summarizes the estimated effect.
Approximately half the above-ground stocks in 2002 appears to have changed hands since 1983. The principal buyers were the Middle East until the mid-1990s and India after the Gold Control Act was rescinded. No one has suspected China of acquiring meaningful quantities of gold during this period, but the timing of the 1983 regulations suggests otherwise. India’s demand between 1990 and 2002 was only 5,426 tonnes, with perhaps 2,000 tonnes smuggled in the seven years previously, leaving 68,424 tonnes unaccounted for. And while Middle Eastern oil exporters were certainly buying in quantity it is unlikely they would have taken more than 35,000-40,000 tonnes, which leaves 28,000-33,000 tonnes unaccounted for. Conversion of bullion into jewellery for the European and North American markets could have absorbed 5,000 tonnes at most, but equally there were other sources of supply such as Russia, which was forced to sell all her gold (507 tonnes) during the financial crisis in 1998, and potentially some net selling as a result of the Tiger economies’ crisis at about the same time.
There is only one logical conclusion: China passed regulations in 1983 to acquire gold bullion. This being the case, before 2002 she could easily have secretly acquired over 20,000 tonnes. And this explains why she was then happy to let her own citizens in on the act...
- Share No More: The Criminalization of Efforts to Feed People In Need
- Russia Cancels 2nd Domestic Debt Auction
- Area firms brace for double-digit hike in health care premiums
- Vermont employees to see big health care jump
- Health Care Costs Expected to Rise in 2015: Are You Ready?
- China's economy suffers its worst quarter since the financial crisis
- Deutsche Bank cuts China growth forecast
- Detroit turns to scrapping to fill budget hole
- Fukushima film shows reality sinking in for 'nuclear refugees'
- Russians Pull $5 Billion Out of Banks as Ruble Plummets
As the sharing economy grows, people have gotten creative about what can be shared peer-to-peer (P2P). It's gone well beyond sharing homes and cars. We can now rent, share, borrow or swap electronics, outdoor gear, land, tools, clothing, appliances, and more.
This past Monday, a coalition of representatives from 32 cities across the U.S. joined together to address the pressing need for fast, reliable and affordable high-speed Internet. Organized by Next Century Cities, the bipartisan initiative is designed to help cities create their own community broadband networks because big telecom companies don’t provide broadband to all areas of the country.
Last week, Springboard for the Arts launched their new Creative Exchange initiative as a way to help cities leverage arts programs to further civic and economic development. The program offers 10 toolkits with step-by-step guides culled from successfully executed projects.
- Lower Gold Prices Prompt Large BRIC Purchases
- Mixed Economic Signals From China
- CDC Tightens Rules on Caring for Ebola Patients
- Donations for Ebola Relief Are Slow to Gain Speed
- Celente explains what’s behind the recent drop in oil prices & how it’s affecting the world
- Drowning In Oil Again
- A More Realistic Cost of Wind Energy
- How To: Stock A Cellar
A great introduction into the steps and process of saving wax cappings and excess wax from your bee hives.
My old raspberry and blackberry trellis was made of green ‘T’ posts and light gauge green wire. Not particularly attractive, so I decided to install a more professional looking trellis. I just moved my raspberry and blackberry canes up against my fence, so I already had one side of the trellis taken care of. The other side, I decided to install a standard two wire system held up with 4x4 wooden posts. This system works well, looks nice, actually it is hard to even see, and is easy to install.
Figure 1: The Doughnut: humanity’s sweet spot. Article cross posted from Kate Raworth's Doughnut Economics blog.
There's something we 'regular' citizens wrestle with that the elites never seem to: a sense of moral duty.In a perfect world, we would honor our debts and obligations, every one of us. But the world is an imperfect place ,and moral obligation is something that almost never enters into the decision matrix of our society's richest. Or the banking industry.
Daily Digest 10/20 - Janet Yellen On Income Inequality, Who Owns The Seas When Island Nations Drown?
- Dozens Declared Free of Ebola Risk in Texas
- Rising Inequality: Janet Yellen Tells It Like It Is
- Poor kids who do everything right don’t do better than rich kids who do everything wrong
- Despite Slumping Prices, No End in Sight for U.S. Oil Production Boom
- Natural underground CO2 reservoir reveals clues about storage
- U.S. Utilities Facing Fuel Shortage Problems As Winter Approaches
- Stunning Scenes From California's Central Valley Drought
- When island nations drown, who owns their seas?
The Umbrella Revolution that is still going on in Hong Kong has gained widespread attention for its use of social media to organize the protests, the clearest example being the chatroom app Firechat. Firechat allows users to turn their smartphone into a node that transmits data, either by WiFi or Bluetooth, to other phones within a short range.