Newest Bitcoin Miner Ebit E9 Plus 9T 14nm Asic Miner BTC Miner (no psu) better than Antminer S7 and high Cost-effectiv than S9

$1,970.99
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Features

  • Package: Yes
  • Ports: 16
  • Model Number: Ebit E9 Plus 9T Bitcoin Miner
  • VLAN: SUPPORT
  • Transmission Rate: 10/100/1000Mbps
  • Communication Mode: Half-Duplex
  • Switch Type: Ethernet
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  • Brand Name: YUNHUI
  • Function: LACP

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Original Antminer 6PIN*10 Antminer 1600W APW3++-12-1600-A3, BITMAIN APW3+ PSU Series,ETH PSU

$180.00
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Features

  • Item Type: Cables
  • Model Number: APW++
  • Brand Name: MLLSE
  • Size: 15
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The Fed’s ‘Quack Treatments’ Are Causing The Stagnation

Authored by EconomicPrism's MN Gordon via Acting-Man.com,

Bleeding the Patient to Health

There’s something alluring about cure-alls and quick fixes. Who doesn’t want a magic panacea to make every illness or discomfort disappear? Such a yearning once compelled the best and the brightest minds to believe the impossible for over two thousand years.

 

Instantaneous relief! No matter what your affliction is, snake oil cures them all. [PT]

 

For example, from antiquity until the late-19th century, bloodletting was used to treat nearly every disease. Reputable medical references recommended bloodletting as a cure for acne, asthma, cancer, epilepsy, gout, indigestion, insanity, leprosy, pneumonia, scurvy, tuberculosis, and everything in between. Bloodletting was even used to treat hemorrhaging.

The practice was simple enough. A surgeon, often a barber, would open a vein and drain blood from the patient. Somehow, this was supposed to cure them of disease.

The fundamental idea was that a sick person could be bled to health. Induced fainting, via bloodletting, was even considered beneficial. However, the results were often fatal.

On December 13, 1799, George Washington returned from a cold-winters horseback ride across his estate with a raspy throat. So, he requested bloodletting to make his sore throat better. Over a ten-hour period, roughly 126 ounces of blood was drained from his system.

The next day Washington’s treatment culminated in perfect success. Because of the bloodletting, Washington never suffered from a sore throat again. He had received a permanent cure. Namely, he croaked.

Wouldn’t a tablespoon or two of honey and lemon have been a better solution to the sore throat problem? Sure, it would have been less effective. But it would have been a great deal less terminal as well.

 

George Washington: so-so land speculator, successful revolutionary & general, founding father, first president of the US, and reportedly no friend of foreign entanglements. Here seen in those all too brief final hours, enjoying a sore throat for the very last time, orbited by family and assorted quacks. We don’t know who’s who in this picture, but this is obviously a room brimming over with decidedly fatal good intentions. There is a picture of Lincoln’s deathbed (which shows his prostrate body crammed into a tiny room with his wife and 15 politicians and generals, who are trying their best to look solemn and grimly resolved to carry on) that gives off similarly morbid vibes. There is a major difference though: almost no-one is contemplating Lincoln with the thoughtful, calculating looks Washington is at the receiving end of here. Lincoln was probably judged a hopeless case and had been crossed off everybody’s Rolodex already (a hole in the head is rarely conducive to one’s continued life and career). By contrast, Washington still offered the quacks a chance to speed up the healing process by devising ingenious ways of killing him. Admittedly, the cure really is hard to beat in terms of its permanence. It is an apodictic certainty that Washington never complained about a sore throat again. [PT]

 

Curing a Debt Problem with Credit

Certainly, repeated observation of the practice must have shown bloodletting’s cure-all powers to be a dubious proposition at best. You’d think that after several thousand years of failure the practice would have been tabled. But it wasn’t.

In fact, by the 17th century, many doctors knew bloodletting was more harmful than beneficial. But the practice persisted for another 200 years. How come?

From what we gather, doctors didn’t want to acknowledge their limitations. Although they had garnered an astute understanding of how the human anatomy functioned, they had yet to discover cures for practically all diseases. Thus, the common belief was that it was better to give a bloodletting treatment than no treatment at all.

These days, many diseases are still without cures. But progress has been made. Doctors and surgeons no longer imagine bloodletting to be the ultimate cure-all. Only a true medical quack would carry out such a barbarous treatment.

Unfortunately, the same cannot be said for present day monetary policy. We live under a system of outright quackery. What else, but a quack monetary system, would prescribe ever increasing expansions of credit as a cure-all for a debt problem?

 

This chart depicts causes and effects of the snake-oil cure applied by our vaunted central planners. It shows federal debt, corporate debt, the broad true money supply, and lastly, economic output as measured by GDP – all indexed to 100 in 1986, the year bubble blower extraordinaire, Alan Greenspan, took the helm at the Fed. However, we want to direct your attention to the cesura of 2008, when Greenspan’s successor, Ben Bernanke was tasked with bailing out yet another imploding bubble of the fiat money era. According to “experts” of his ilk, these things kin of “just happen”. The boom-bust cycle is seen as akin to a natural catastrophe, like an earthquake or an asteroid strike. No-one is ever responsible for it, least of all the people who directly and indirectly manipulate all the figures charted above, and certainly no-one ever “sees it coming”. The latter assertion involves a rather glaring omission – it requires one to ignore the hundreds, or more likely even thousands, of people who did and do see it coming. Why are they so studiously ignored? The problem is probably that the people with the slightly better functioning crystal balls often have a tendency to assign blame correctly. You see, it is not an earthquake after all, and it certainly isn’t a “market failure”, or a “lack of regulations” that is behind the increasingly dangerous succession of ever larger credit expansions and crashes. Stop and think about this chart for a moment. At the time when the Greenspan/Bernanke housing bubble co-production (implemented in line with the unsolicited advice dispensed by another bunch of “experts”*) blew up in everyone’s face, was there anyone who didn’t understand that a giant debt problem had been discovered? There is of course more to it than that; business cycle theory is a tad more intricate. But credit expansion is at its heart, and there always comes a moment in time when understanding that part of it requires nothing but a smattering of common sense. And now ponder the response of the central planners to the debt crisis. What on earth made them think that expanding money and credit at accelerated rates was the “solution” to a giant debt problem? Common sense is evidently in very short supply at the Eccles building – contrary to money from thin air, which they can never run out of. [PT] – click to enlarge.

 

Nonetheless, perpetual increases of credit underpin today’s wild and zany debt based fiat money system. This, no doubt, is akin to attempting to bleed a patient to health. It also guarantees a slow and painful death.

 

Fed Quack Treatments are Causing the Stagnation

On Tuesday, Fed Chair Janet Yellen, a quack, reeled back her78-month plan for the national monetary policy of the United States. If you recall, this was the grand plan she rolled out last week. Apparently, she’s already having some reservations.

At the National Association for Business Economics in Cleveland, Yellen said:

My colleagues and I may have misjudged the strength of the labor market, the degree to which longer-run inflation expectations are consistent with our inflation objective, or even the fundamental forces driving inflation.

 

Although we judge that inflation will most likely stabilize around 2 percent over the next few years, the odds that it could turn out to be noticeably different are considerable.

 

In my view, it strengthens the case for a gradual pace of adjustments. Moving too quickly risks over-adjusting policy to head off projected developments that may not come to pass.”

To be fair, Yellen was speaking about the pace at which the Fed will raise the federal funds rate. Though this is different than her plan to unwinding the Fed’s balance sheet, we suspect that, in time, this same rationale will be used to justify further Fed asset purchases.

The point is, the Fed only knows only one cure-all treatment for the economy’s stagnation. Always wrong, but never in doubt. Credit expansion is the Fed’s perennial solution.

 

This seems a very good opportunity to quote Ludwig von Mises, who pointed out: “However conditions may be, it is certain that no manipulations of the banks can provide the economic system with capital goods. What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The boom is built on the sands of banknotes and deposits. It must collapse.” [PT]

 

Alas, like bloodletting barbers of the 19th century, it’s a quack treatment that has buried the economy under irreconcilable levels of debt. Yet the quacks who deliver it are oblivious to the fact that their treatment is not a cure for the economy’s stagnation, but rather the cause. Perhaps in two thousand years from now they’ll come to grips with this.

Footnote:

* The “money quote” Paul Krugman will never be able to live down follows below; not for a lack of trying, mind – once he expended an entire NYT column in a vain attempt to deny that his words actually meant what they obviously mean:

 

To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”

 

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California Assemblyman Promises Bill To Ban Gas Cars By 2040

San Francisco Assemblyman Phil Ting would like for you to know that he has every intention of introducing new legislation in 2018 that will (i) make it much more difficult for low-income Californians to buy affordable vehicles and (ii) increase greenhouse gas emissions.  Of course, Ting didn't word it in exactly that way but his proposal to ban combustion-engine vehicles will inevitably result in both of the unintended consequences above.

As the Sacramento Bee points out this morning, Ting has promised to introduce his destructive legislation in January saying at some point you just need to "put a line in the sand."

France and the United Kingdom are doing it. So is India. And now one lawmaker would like California to follow their lead in phasing out gasoline- and diesel-powered vehicles.

 

When the Legislature returns in January, Assemblyman Phil Ting plans to introduce a bill that would ban the sale of new cars fueled by internal-combustion engines after 2040. The San Francisco Democrat said it’s essential to get California drivers into an electric fleet if the state is going to meet its greenhouse gas reduction targets, since the transportation sector accounts for more than a third of all emissions.

 

“The market is moving this way. The entire world is moving this way,” Ting said. “At some point you need to set a goal and put a line in the sand.”

 

“California is used to being first. But we’re trying to catch up to this,” Ting said.

Meanwhile, we suspect that Ting will ignore the fact that California's previous attempt to push electric cars on consumers has been a complete failure...presumably because people would prefer to not spend way more for a car that has half the performance of a gas car and doubles their electricity bill...just a hunch.

California already committed five years ago to putting 1.5 million “zero-emission vehicles,” such as electric cars and plug-in hybrids, on the road by 2025. By that time, the state wants these cleaner models to account for 15 percent of all new car sales.

 

But progress has been modest so far, as consumers wait for prices to drop and battery ranges to improve, or opt for large trucks and SUVs that are not available among electric offerings. Slightly more than 300,000 zero-emission vehicles have now been sold in California, and they accounted for just under 5 percent of new car sales in the state in the first half of the year.

Phil Ting

On the upside, Ting's proposed ban on gas vehicles would come a full 10 years later than the timeline floated by Mary Nichols of the California Air Resources Board last week.  Per Bloomberg:

Governor Jerry Brown has expressed an interest in barring the sale of vehicles powered by internal-combustion engines, Mary Nichols, chairman of the California Air Resources Board, said in an interview Friday at Bloomberg headquarters in New York. Brown, one of the most outspoken elected official in the U.S. about the need for policies to combat climate change, would be replicating similar moves by China, France and the U.K.

 

“I’ve gotten messages from the governor asking, ‘Why haven’t we done something already?’” Nichols said, referring to China’s planned phase-out of fossil-fuel vehicle sales. “The governor has certainly indicated an interest in why China can do this and not California.”

 

California has set a goal to cut carbon dioxide emissions by 80 percent from 1990 levels by 2050. Rising emissions from on-road transportation has undercut the state’s efforts to reduce pollution, a San Francisco-based non-profit said last month.

 

“To reach the ambitious levels of reduction in greenhouse gas emissions, we have to pretty much replace all combustion with some form of renewable energy by 2040 or 2050," Nichols said. “We’re looking at that as a method of moving this discussion forward.”

 

"There are people who believe, including who work for me, that you could stop all sales of new internal-combustion cars by 2030. Some people say 2035, some people say 2040,” she said. “It’s awfully hard to predict any of that with precision, but it doesn’t appear to be out of the question.”

Of course, the irony that seems to be lost on Phil Ting, Jerry Brown and Mary Nichols is that, according to Morgan Stanley, electric cars generate more CO2 than they save.  As a stark reminder to our left-leaning political elites who created companies like Tesla with massive subsidies, Morgan Stanley pointed out that while electric cars don't burn gasoline they do have to be charged using electricity generated by coal and other fossil fuels.

This is where Tesla, along with China’s Guoxuan High-Tech fall short.

 

“Whilst the electric vehicles and lithium batteries manufactured by these two companies do indeed help to reduce direct CO2 emissions from vehicles, electricity is needed to power them,” Morgan Stanley wrote. “And with their primary markets still largely weighted towards fossil-fuel power (72% in the U.S. and 75% in China) the CO2 emissions from this electricity generation are still material.”

 

In other words, “the carbon emissions generated by the electricity required for electric vehicles are greater than those saved by cutting out direct vehicle emissions.”

 

Morgan Stanley calculated that an investment of $1 million in Canadian Solar results in nearly 15,300 metric tons of carbon dioxide being saved every year. For Tesla, such an investment adds nearly one-third of a metric ton of CO2.

Meanwhile, despite Brown's desire for "Hope & Change," even the U.S. Energy Information Administration says that "renewables" will represent less than 20% of electricity generation in the U.S. by 2040.

Energy

Oh well, when Ting succeeds it making it impossible for low-income California families to afford cheap transportation to work, we're sure he'll be all too happy to introduce additional legislation deeming electric cars to be a "right" of all U.S. citizens and mandating that "millionaire, billionaire, private jet owners" pay more in taxes to subsidize that "constitutionally protected right."

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Elon Musk Wants to Use Rockets for Intercity Travel on Earth

TheMerkle Elon Musk Rocket TravelEveryone will agree Elon Musk is a visionary who isn’t afraid of throwing some wild ideas around. One of his new projects would allow humans to travel between different cities with rockets. It would certainly be an interesting way to address traffic congestion, although traveling by rocket sounds pretty scary. The big question is whether or not this plan is feasible to begin with, and if so, how it could be achieved in a safe and affordable manner. Elon Musk has a new pet Project While no one will deny Elon Musk is by far one of the bolder visionaries our society

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“They Won’t Know What Hit Them” Shocking Undercover Footage Exposes Antifa’s “Premeditated” Violence

As if the public needed any more evidence that violence is a central part of Antifa’s mission, conservative comedian Steve Crowder has published footage that he and his producer surreptitiously recorded after infiltrating a local Antifa cell and accompanying it to a protest at the University of Utah.

The shockingly candid footage offers a disturbing glimpse into the innerworkings of Antifa - a loosely organized band of far-left agitators - and the central tenant of violent resistance that encapsulates the group's philosophy. The footage primarily focuses on a transgender woman, the purported leader of a small cell of Antifa protesters, who can be heard telling Crowder's producer that she’s armed with a handgun, and that she expects reinforcements to arrive later with “two AKs”. The organizer can also be heard recommending that Crowder’s producer buy a small blade at a military surplus store and strap it to his ankle “just in case.”

What they show appears to confirm that the group protesters were planning to disrupt a speaking event hosted by conservative commentator and Daily Wire founder Ben Shapiro, whom Antifa has accused of being a nazi despite the fact that he is Jewish. Shapiro's recent appearances at UC Berkeley and other university campuses drew protests, with demonstrators labeling him a “fascist.”

But perhaps the most surprising thing about the footage was the fact that mainstream media reporters AND police essentially told Crowder & Co. to get lost when they shared it with them.

In another shocking excerpt, the Antifa leader – whom Crowder didn’t name because he said he didn’t want to “dox” anybody, though he added that police have confirmed that they have been monitoring her – described a plan to lure right-wing demonstrators to a secluded area where, presumably, they would be attacked by Antifa.

“Plain clothes, hard tactics, I don’t think they’ll know what hit them. Because they’re not prepared for what we’re planning,” the organizer says at one point.

In the video, another unnamed Antifa member who goes by the pseudonym Clark can be heard explaining that the difference between Antifa and other activist groups is a “willingness to respond with violence.”

As we’ve reported time and time again, Antifa protesters have been inciting violence across the country since Trump’s upset victory in November, beginning with protests during Trump’s inauguration that quickly turned violent in destructive.

According to Fox 13 News in Salt Lake City, Crowder published the undercover video Thursday that purports to show far left-wing protesters distributing weapons ahead of the speech. Crowder’s production team presented the video to police moments after it was recorded.

Yet after evaluating the video, the police determined that there was no credible threat.

“Police looked at the video, evaluated other information available to them, and determined the individuals did not pose a credible threat that warranted action,” Nelson told Fox 13 News.

Similarly violent clashes instigated by members of the far-left group erupted on the campus of UC Berkeley in early February, where members of the group hurled Molotov cocktails and attacked “facists” and “nazis” who were attending a speaking event by Milo Yiannopoulos, causing extensive property damage on campus.

While both the mainstream media and more mainstream leftists initially defended the group, public sentiment has soured on the group.

Several media organizations – including the LA Times, Washington Post, the Atlantic, Bloomberg and the Wall Street Journal – have criticized the group’s violent tactics. A month ago, it was reported that the FBI and the Department of Homeland Security classified Antifa as a "domestic terrorist" group in internal communications that described them as "primary instigators of violence at public rallies" going back to at least April 2016 when the reports were first published."

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Bali urges many who fled volcano to return home

Author: 
AP
Sat, 2017-09-30 03:00
ID: 
1506797211451224000

KLUNGKUNG, Indonesia: Authorities were trying to convince more than half of the 144,000 people who fled a menacing volcano on the Indonesian island of Bali to return home Saturday, saying they left areas that are safe.
The Mount Agung volcano on Bali, a tourist hotspot known for its lush interior, Hindu culture and beguiling beaches, has been at its highest alert level for more than a week, sparking an exodus from an official danger zone and areas farther away.
Authorities say the no-go zone, which in places extends 12 km from the crater, is the area at risk of lava, lahars and searing hot clouds of ash, gases and rock fragments if there is a powerful eruption.
“Those who live outside the danger zone, we urge them to go back home and carry on with their daily lives,” said Putu Widiada, head of the disaster mitigation agency in Klungkung district south of the volcano where some 22,000 people have fled. “We are trying to identify those who lived outside the danger zone.”
Bali’s governor has warned that people leaving what the government classifies as safe villages have become a “burden” on genuine evacuees and the temporary shelters set up to receive them.
Agung’s last eruptions in 1963 produced deadly clouds of searing hot ash, gases and rock fragments that traveled down its slopes at great speed. Lava spread for several kilometers and people were also killed by lahars — rivers of water and volcanic debris. About 1,100 people died in total.
Archive footage of the 1963 eruption shows buildings with roofs shredded by falling debris, a massive plume of ash gushing sideways from the crater and children in a row of hospital beds with their arms and legs bandaged.
Government volcanologists last week warned Agung could erupt at any time following a dramatic increase in tremors from the mountain.
Despite the government warning of temporary camps being overburdened, three visited by Associated Press reporters on Saturday were calm and orderly.
“I will stay here for as long as it takes,” said Suryani, a mother of two living with extended family in a tent on the grounds of a public sports center that is the main camp in Klungkung district.
Inside the center, families whiled away the time on mattresses, watching a giant TV screen, while cheerful music blared in the background.
“They are treating us well. I don’t want to go home if the mountain hasn’t exploded yet,” said Suryani, who goes by one name and is from a village inside the danger zone.
She said she sympathized with people who had fled from areas designated as safe by officials.
“If it’s not safe yet, they should allow them to stay,” she said. “We can stay here together so they’re not in danger.”
At another smaller temporary camp, officials said a dozen people had left of their own accord after the Bali governor’s statement and they were in the process of identifying others who can go home but would not compel them to.
Widiada, the disaster official, said longer-term plans for evacuees from the so-called red zone are still being worked out.
“This is a temporary shelter so it’s not as comfortable as your own house but we are trying to make it as good as we can by providing entertainment, counselors, a school for the children.”
Agung, about 70 km to the northeast of the Kuta tourist mecca, is among more than 120 active volcanoes in Indonesia. Another volcano, Mount Sinabung on Sumatra, has been erupting since 2010.
Officials say tourists on Bali, which had nearly 5 million visitors last year, are not in danger but they have prepared evacuation plans if ash fall from an eruption forces the closure of the island’s international airport.
Indonesia, an archipelago of thousands of islands, is prone to seismic upheaval due to its location on the Pacific “Ring of Fire,” an arc of volcanoes and fault lines encircling the Pacific Basin.

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China Catalyst To Send Gold Over $10,000 Per Ounce?

China Catalyst To Send Gold Over $10,000 Per Ounce?


Jim Rickards is on record forecasting $10,000 gold.

But is China about to provide the catalyst to send gold even higher? And by how much?

Today, we fare forth in the spirit of speculation… follow facts down strange roads… and arrive at a destination stranger still…

China — the world’s largest oil importer — struck lightning through international markets recently.

According to the Nikkei Asian Review, China has plans to buy imported oil with yuan instead of dollars.

Exporters could then exchange that yuan for gold on the Shanghai Gold Exchange.

Not only would the plan bypass the dollar entirely… it would restore gold’s role in international commerce for the first time since 1971, when Nixon hammered the last nail through Bretton Woods.

If the rumors hold true, China’s plan could enter effect by the end of this year.

Billionaire business magnate and sound money advocate Hugo Salinas Price ran China’s plan through his calculator.

It turned up a basic math problem that spells drastically higher gold prices — if the plan is to work.

Details to follow.

But first some background on oil and gold… a brief detour down Bretton Woods Lane…

Price:

By 1970, it was evident to those running the U.S. that it would very soon be necessary to import large quantities of oil from Saudi Arabia. Under the Bretton Woods Agreements of 1945, the immense quantities of dollars that would shortly flow to Saudi Arabia in payment of their oil would be claims upon U.S. gold, at the time quoted at $35 an ounce. Those claims would surely deplete the remaining gold held by the U.S. Treasury in short order.

Washington found itself on the sharp hooks of a dilemma…

Dramatically raise the price of gold to limit redemptions — and devalue the dollar in the process — or repudiate its commitments under Bretton Woods.

Dishonor, that is… or dishonor.

It chose dishonor.

Price again:

To continue under the Bretton Woods monetary system would have meant that the U.S. would have been forced to raise the price of gold to an enormous figure in order to reduce the amount of gold payable to the Saudis to a tolerable level. But raising the dollar price of gold in that manner would have constituted a great devaluation of the dollar and collapsed its international prestige; that in turn would have ended the predominance of the U.S. as the No. 1 power in the world. The U.S. was not willing to accept that outcome. So Nixon “closed the gold window” on Aug. 15, 1971.

If China is willing to trade gold for oil under its latest plan, a similar dynamic enters play.

Consider:

China takes aboard some 8 million barrels of oil a day.

That’s 2.92 billion barrels per year — nearly 3 billion in all.

But China holds only a few thousand metric tons of gold (officially about 1,850. Some estimate the true figure much higher).

You see the problem, of course.

China rapidly depletes its gold reserves if too many oil exporters choose to exchange yuan for gold.

If the plan’s to be sustainable at all, gold must rise — drastically — in order to balance the vast amounts of oil it’s supporting.

As Price explains, “To balance the mass of oil received by China against a limited amount of available gold… it will be necessary for gold to skyrocket upward in yuan terms and, necessarily, in dollar terms as well.”

Price crunched the numbers…

One ounce of gold (about $1,300) currently fetches 26 barrels of oil (about $50 per).

One barrel of oil is worth 1.196 grams of gold.

Price calls this ratio “an unsustainably low purchasing power of gold vis-a-vis oil.”

Only a drastically higher gold price would render the plan plausible.

How far would gold have to climb before the relationship was stable in Price’s estimate?

Ten times. Thus, Price arrives at a reasonable gold price:

$13,000 per ounce.

Price:

At $13,000 per gold ounce, one barrel of oil, at $50, will be bought with 0.1196 grams of gold; perhaps we may see $13,000 per oz gold in the not distant future.

Here, a road map to $13,000 gold.

We don’t know if Price’s figure is correct.

But if not $13,000, it seems gold would have to rise dramatically if Price’s thesis is correct — or else China’s plan collapses.

We can only conclude that China knows the implications of the math.

$13,000 gold also means a massive devaluation of the yuan.

China prefers a weak yuan to goose exports. But a worthless yuan?

The plan may prove a mirage in the end for all we know.

But if the plan does proceed… Jim Rickards’ $10,000 gold prediction might be vindicated — fully and then some.

By Brian Maher, Managing editor, The Daily Reckoning

 

Gold Prices (LBMA AM)

28 Sep: USD 1,284.30, GBP 961.04 & EUR 1,091.40 per ounce
27 Sep: USD 1,291.30, GBP 963.83 & EUR 1,099.54 per ounce
26 Sep: USD 1,306.90, GBP 969.59 & EUR 1,105.38 per ounce
25 Sep: USD 1,295.50, GBP 957.89 & EUR 1,089.26 per ounce
22 Sep: USD 1,297.00, GBP 956.15 & EUR 1,082.09 per ounce
21 Sep: USD 1,297.35, GBP 960.56 & EUR 1,089.00 per ounce
20 Sep: USD 1,314.90, GBP 970.53 & EUR 1,094.79 per ounce

Silver Prices (LBMA)

28 Sep: USD 16.82, GBP 12.53 & EUR 14.28 per ounce
27 Sep: USD 16.89, GBP 12.58 & EUR 14.38 per ounce
26 Sep: USD 17.01, GBP 12.67 & EUR 14.43 per ounce
25 Sep: USD 16.95, GBP 12.57 & EUR 14.27 per ounce
22 Sep: USD 16.97, GBP 12.52 & EUR 14.18 per ounce
21 Sep: USD 16.95, GBP 12.58 & EUR 14.24 per ounce
20 Sep: USD 17.38, GBP 12.84 & EUR 14.48 per ounce


Recent Market Updates

- Financial Advice From Man Who Made $1+ Billion in 1929 – Importance Of Being Patient and “Sitting”
- “Gold prices to reach $1,400 before the end of the year” – GoldCore
- Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder
- Bitcoin “Is A Bubble” but Gold Is Money Says World’s Biggest Hedge Fund Manager
- Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms
- Gold Investment “Compelling” As Fed May “Kill The Business Cycle”
- “This Is Where The Next Financial Crisis Will Come From” – Deutsche Bank
- Global Debt Bubble Understated By $13 Trillion Warn BIS
- Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials
- Gold Up, Markets Fatigued As War Talk Boils Over
- Oil Rich Venezuela Stops Accepting Dollars
- Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today
- British People Suddenly Stopped Buying Cars

Important Guides

For your perusal, below are our most popular guides in 2017:

Essential Guide To Storing Gold In Switzerland

Essential Guide To Storing Gold In Singapore

Essential Guide to Tax Free Gold Sovereigns (UK)

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Roadside bombs in Afghanistan kill cop, civilian

Author: 
AP
Sat, 2017-09-30 03:00
ID: 
1506796456371145300

KABUL: At least two people including a police officer were killed by roadside bombs in Afghanistan’s western Herat province, a provincial official said Saturday.
Gelani Farhad, spokesman for Herat’s provincial governor, said another officer was wounded when a police vehicle triggered the explosive in the Adraskan district.
In a separate incident, Farhad said a civilian motorcycle hit a roadside bomb, killing one civilian and wounding another in the Shindand district.
In yet another report from northern Kapisa province, at least nine civilians were wounded when a bicycle bomb exploded in a bazaar, said Qais Qaderi, spokesman for the provincial governor. Two small children were among the wounded, including one who was in critical condition, he said.
No one immediately claimed responsibility for the attacks in Herat or Kapisa.
In a separate report from southern Kandahar province, a woman was killed after a civilian vehicle came under attack by unknown gunmen, said Niamat Khan, director of the regional Kandahar hospital. He said five others were wounded in the attack that took place in Shah Wali Kot district.
Late on Friday, Daesh on its Amaq news agency claimed responsibility for a suicide bombing outside a mosque in Kabul after Friday prayers. It said Zaid Al-Khorasani, an Afghan, carried out the attack in which authorities say at least five people were killed and 29 others wounded.
Najib Danish, spokesman for the Interior Ministry, said three people suspected of being involved in the attack have been arrested, and an investigation was underway.
The attack took place two days before the day of Ashura, but Afghanistan has faced a series of large-scale attacks in recent months targeting minority Shiites. Last month, militants stormed a packed mosque in Kabul during Friday prayers in an attack that lasted for hours and ended with at least 20 worshippers killed and another 50 seriously wounded many of them children. Daesh claimed it was responsible.
Additional police forces have been deployed by the Interior Ministry, especially around mosques in different provinces of the country, ahead of the Ashura holy day Sunday.

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Journalism Is Broken – Twitter, Trump, & The NYTimes

Authored by Chris Arnade via Medium.com,

Leaving Twitter means people send you articles about others who leave Twitter, so I saw the story of a NY Times reporter leaving Twitter, and then the follow-up analysis of what that means. That analysis article ended with these helpful guides:

My reaction was

  1. Congrats to the NY Times reporter!
  2. That the bullet points need to be stated is sad.

Five years ago I was a progressive that fully bought into the idea journalism was on the nasty end of a disingenuous conservative campaign to discredit it.

Then I joined Twitter.

Now I flip between two theses:

  1. On a good day: Journalism has been badly degraded by the twin forces of economic loss and the immediacy and brutality of Twitter.
  2. On a bad day: Journalism is fundamentally slanted, narrow, and nasty. Many journalists are removed, smug, know-it-alls who don’t understand or like voters.

When I joined Twitter I also changed jobs, leaving Wall Street to document addiction and poverty. This brought me to places that few journalists visit, beyond the quick jump-in jump-out for some breaking news.

I ended up spending roughly five years doing this, hanging in McDonald’s and drug traps and churches and community colleges and cheap motels. I ended up talking to countless voters about their pains, frustrations, fears, hopes, and dreams. I started writing about politics for the first time in my life, not because I cared all that much about politics, but because what I was seeing out in the country was so so so different than what the political journalist were writing.

They said Trump had no chance, they said Trump voters were just idiots or racists.

I was seeing that Trump had a damn good chance, if not this election, then the next election. His ideas, his brand of chaos, anger, and “Lets knock it all over and start again because everything sucks” was selling like, well, McFlurries.

I also was seeing that his voters were not this big blob of unrepentant dumb racists. I mean, I spent time in about 20 counties that voted twice for Obama, and then voted for Trump. I cannot tell you how many folks I met who voted for Trump and also voted twice for Obama. I guess they all were unrepentant racists who thought Obama was white. Or maybe voters were so desperate for something different that they voted twice for an inexperienced black outsider who promised change and when he failed to deliver they went with the next outsider who promised to shake shit up.

They were angry at politicians from both parties who came in and said they were gonna do something about the lost jobs, the open borders, the stagnant wages, and did nothing about them. Both parties promised them stuff and didn’t deliver. All they wanted was to find anyone who promised to really really listen to them. Even if he was crazy.

The other lesson was just how damn slanted and biased journalism was. Both sides. Conservatives and Liberals. The experience of talking to voters in places journalists on Twitter were laughing at, mocking, snidely calling the “real America,”, or “fly-over,” or whatever was the condescending Twitter meme of the day that they trafficked in. That was a damn eye-opening experience. One that made me realize that the cliched talking point of an out of touch biased media wasn’t entirely wrong or cynical or manipulative. Some of it was, but there was more than a grain of truth to it. A pretty big ball of truth to it.

Journalism is broken. No necessarily out of bad intentions, but because many journalists don’t understand how bubbled they are, and sadly Twitter is only making everyone, and them, more bubbled. And sadly many journalists have little choice but to be bubbled.

To succeed in journalism means you have to join the elites in NYC or DC, you have to play the game. You have to get on Twitter and signal how journalisty you are. That means joining in on the reindeer games. Blasting the meme of the day. Or comment on breaking news regardless of the validity of the information. You have to pile on the tweet everyone else is jumping on. The one where someone says something against the grain, or naive, or makes a mistake. You have to mock those who hold different views. You have to be snide. You have to be nasty. You have to signal to everyone else just how in the know you are.

You have to show you deserve to be in the little inner circle that elite journalists think they are in.

Doing that means you get rewarded for that. Stunningly so. You get more followers, bigger jobs, and bigger platforms.

Most damning, you have to make the news about you. You have to tell everyone how you see it. How you view it. How it impacts you. Not how it impacts, you know, the voters. That seems pretty much the opposite of what good journalism is about, which in my mind is how news impacts the country, not the person writing the story.

Twitter has made everyone into an op-ed writer, all the time. And now with almost everyone in journalism constantly on Twitter being op-ed-ey, it has revealed their biases. It has also exaggerated them, pushing them further and further into group think.

That was my own experience. Twitter was good to me because it gave me a platform to share the stories of those I was talking to. That was when I used it well. It was bad for me, and bad for others, when I let it become a platform to tell the world what I thought about everything.

As I have written before gut reactions are hardly ever good things and Twitter makes it easy to broadcast your gut reaction. So I found myself talking less and less about the people I met and more and more about my gut reactions. This became more pronounced when I wasn’t traveling and wasn’t talking to voters. So I left Twitter, at least until I start traveling again.

All of this is sad because there are a lot of great journalists out there, a lot of well-intended smart people who go into the business for all of the right reasons. But more and more the industry, especially now that it has become intertwined with Twitter, doesn’t work in their favor. It works for those less well intended, those who show they can build an audience, no matter how they do it, no matter how nasty, how biased, how disingenuous, how shallow, how selfish, they are.

And to finish with Trump, because Twitter.

Trump exploits this, not necessarily out of genius, but because exploiting things is who he is. He sees that many voters don’t trust journalists, and why should they, especially if they are on Twitter. They log on and see them mocking their way of life and their reality. They see how out of touch from them they are.

They see journalist say, “just trust the experts, like us.” Well a lot of Americans have good reasons not to trust experts. They have heard that line far far too long.

Trump sees that, sees how the blue check marks jump on every little thing he says and attack it and retweet it and make a mountain out of it. They are the dog with the Frisbee that won’t let it go, and it is good for Trump.

So when he needs to show he is draining the swamp he makes blue check mark Twitter yell. Because to much of America the outraged yells of the media IS the sound of the swamp being drained. Regardless of if the actual swap is being drained. And right now the actual swamp is NOT being drained.

So he tweets about absurd, nasty, gross, and divisive things and it makes waves and waves on Twitter and becomes a Tsunami that overtakes everything else.

No the media isn’t the source of the problem. I am not here to let Trump off the hook, but hopefully to think about how to lessen his impact. Trump is the problem. But his brand of divisiveness gets a lot more traction and does more damage because few trust the media.

And they have some very good reasons to not trust the media. And their behavior on Twitter is part of that.

So. To the NY Times reporter who quit twitter. Congrats! I hope more journalists follow. Or at least stick to talking about the news. Or cats. Or baseball.

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