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Moreover, and worse for the future, the Chinese have absorbed much of the inflation by purchasing dollars to buy treasury bonds. That can continue for years; so the modestly high inflation rate of the past 40 years can continue, say, for another 10 or 20 years--or not.
My point is that it is an unstable system, and it will collapse. When it does, and you're an 85-year-old, you will be sucking your thumb while driving to work.
Please do show me where I predicted the inflation rate. I chiefly made the gold prediction because the reporter asked for it.
I wrote this in 2008, five years ago:
The recent increase in commodity prices is not especially long in the tooth. We could see much greater inflation in the coming years if global dollar holders decide to sell.
Third, Howard S. Katz has argued, convincingly, that the low commodity prices of the 1990s were attributable to the Greenspan Fed's high rate of monetary inflation. The initial effect of the Greenspan Fed's monetary expansion since the Reagan era was to reduce interest rates. The low interest rates led to an expansion ...
Katz's argument is applicable to the new stock market increase due to massive expansion of the monetary base. Relaxation of credit has stimulated mining production along with stock market increases, except now interest rates are near zero and the stock market won't experience as long a bubble as it did from 1981 to 200...
The Lonely Island
The Lonely Island is a successful comedy group known for their humorous music videos and members who work as cast and crew on Saturday Night Live. Also known as the "I'm On a Boat" guys.
Step 7. Get permission to film your next music video: Camel Humpin'
Just The Facts
1. Formed by Andy Samberg, Jorma Taccone and Akiva Schaffer
2. The only one you know is Andy Samberg
3. Responsible for such popular videos as "Dick in a Box", "Jizz In My Pants", and "Motherlover"
4. Their debut album is called Incredibad, which sums it up perfectly
Cracked on the Lonely Island
The Lonely Island is one of the internet's most consistently funny comedy groups to come out in a long time. We here at Cracked feel bad trying to make fun of the guys because they are genuinely nice, funny guys. However, the comedy business is a dog-eat-dog world, and we're sorry to say that we can't take exception to...
Early on, The Lonely Island was focused on writing and producing fake TV pilots. Among these were The 'Bu, a wildly popular internet series, and Awesometown, an actual TV pilot that FOX rejected. Yes, you read that right. FOX can support stuff like this:
But not stuff like this:
Seriously FOX what the hell. Glenn Beck over Frazzles? That's some fucked-up logic at play. Anyways, after a while of directing these pretty funny videos and putting them on the internet, they eventually landed a gig writing jokes for the MTV Video Music Awards. Jimmy Fallon, who was hosting, was pretty impressed at ho...
Soon after, The Lonely Island introduced a new segment to SNL called Digital Shorts, pre-shot videos that they could run during airtime. Their first big hit was Lazy Sunday, a rap about going to go see the Chronicles of Narnia. We aren't kidding. They made that funny. After that, success came in the forms of Dick in a ...
The cover art depicts the three members of Lonely Island touching Larry King's finger
CRACKED NOTE: Hey Lonely Island... if any of you are reading this article, maybe you'd like to join our Comedy Workshop? We mean, you guys are cool right? Maybe make a funny video for Cracked... you know... it'd be cool and stuff... just sayin'
Your post says: " Previous drilling was less than 90 meters deep and to the west of the anomaly by several hundered meters. Apparently there are other targets of interest also,   BTW Pueblo Viejo is two seperate, non connected,  pits not just one."
All this is true, the previous Escandalosa (and Hondo) results came from relatively shallow holes...not deep enough to go through the anomaly  to the east, ref.  example of the x-section of the area is shown in the link provided by the previous poster (bulrush). In fact, the old drilling stopped short oward the east an...
Going north toward Hondo and looking west, there is another large pink blob that may be worth sinking some deep drill into.
In all, the entire area (including the "underdeveloped" area linking Escandolosa and Hond) seems to be part of a system. It may not be a continuous or connecting to a common mother lode at depth, but who would care, as long as we have a resource in the order Barrick has at PV (approaching 30MozAu, at 2 separate pits). ...
Just speculating and playing with  "what if" game, before flying to some warmer place for some R&R.
Cameroon: Fighting to Save Africa's Richest Rainforest
Monde Kingsley Nfor interviews NASAKO BESINGI, director of environmental NGO Struggle to Economize the Future.
YAOUNDE - Protests against a controversial palm oil plantation in the Korup National Park, Africa's oldest and richest rainforest in terms of floral and faunal diversity, in Mundemba, southwest Cameroon will continue despite the arrests and intimidation of local environmental campaigners.
Nasako Besingi, the director of the local NGO Struggle to Economize the Future, told IPS "we won't stop until environmental justice is done."
The New York-based agricultural company, Herakles Farms, has been accused of grabbing a piece of this central African nation's national forest as it goes ahead with a 73,000-hectare palm oil plantation despite a lack of government authorisation - there are claims that the 99-year lease agreement with the government is ...
The contested land is a "biodiversity hotspot", a critical area that connects five protected areas in the park, and the project will disrupt the protection and growth of important wildlife, the German Agency for International Cooperation (GIZ) said in an environmental and social impact assessment in August.
A report issued in September by two Cameroonian NGOs, the Centre for Environment and Development and Réseau de Lutte contre la Faim, said "there are over 20 villages with ancestral lands inside the concession, and 31 villages within a distance of the periphery, and over 25,000 people will be affected by this. They depe...
About 46 percent of Cameroon's 20 million people live in rural areas, but according to a USAID country profile on property rights here "only approximately three percent of rural land is registered, mostly in the names of owners of large commercial farms." The country is ranked 131st of 169 countries on the 2010 United ...
Besingi said that he and his colleagues have endured police suppression, arrests and intimidation. His latest arrest was on Nov. 14, when the country's national military police stormed his office.
"We were told we were required for questioning at the police post, and were detained for a day without charge. But it was only following international and local pressure that we were released (on bail) under the condition that we must appear before the authorities whenever we are (asked)," he said.
Besingi explained that the palm oil plantation project was going ahead despite the lack of a formal government agreement, because Sustainable Oils Cameroon (SGSOC), a subsidiary of Herakles Farms, had the support of those in power.
"SGSOC enjoys support from some elites, the chief of Fabe village (which is on the project site) and some government representatives, including the police. They have been bought over with money and material things. These groups of people, including the government, are misleading the people," he said.
Excerpts of the interview with IPS follow:
Q: What is your interest in this campaign against SGSOC/Herakles Farms?
A: We cannot just sit and allow a few individuals to ruin the lives of thousands. So we have to make our voices and those of the voiceless heard.
Giving so much forestland to a company that has no real development plan for the people is injustice against a people who cannot have access to one-third of the forestland. Many locals feel there are already too many protected zones in the (forest). This massive plantation will further restrict their access to land.
Q: Bruce Wrobel, CEO of Herakles Farms, said in September that the organisation was already employing more than 500 people, and has committed to hiring among the local villages. He said that once the plantation was fully operational, it would require approximately 8,000 employees. Is this not an opportunity for the peo...
A: There is little evidence that large-scale plantations will effectively bring economic development to this area. Past experiences in the country show such promises ... to be false. Instead, large plantations have resulted in massive environmental degradation, the destruction of livelihoods, and the transformation of ...
The company claims that it will create 8,000 jobs. However, the plantation will economically displace approximately 25,000 people who depend on that land for small-scale food production, hunting, and non-timber forest products. Thus, the net impact on employment will actually be negative.
Q: What is the problem with land management issues in Cameroon?
A: There are two fundamental problems in my opinion. Firstly, communities do not have legally-recognised land rights that secure their access to the vital natural resources that they depend on; and secondly, Cameroon is still to develop a national land-use plan which would, in principal, evaluate the needs of local com...
Q: What would you want SGSOC/Herakles Farms to do before operating?
A: We demand that SGSOC respect Cameroonian law and the rights of communities.
Unfortunately, SGSOC has repeatedly violated Cameroonian law. They have signed an illegal contract with the government, and have shown no respect to local communities who, on the majority, oppose the project.
Following the 1976 law governing the allocation of concessions on state lands in Cameroon, subsequent to signing the lease agreement, SGSOC was supposed to be given a presidential approval to start cultivation activities. But this was not given, so the project has been in violation of the law since 2010. Moreover, prio...
Q: What is the opportunity cost for the SGSOC/Herakles project?
A: The opportunity cost for this project is the loss of forest revenue through the payment of environmental services, ecotourism and REDD+ activities.
All these activities can generate more revenue for the state than SGSOC can. For example, the Cameroonian Food Sovereignty Coalition estimates that if the government were to require bread makers to use 20 percent of locally-produced flour, 96,000 farming jobs would be created using just 15,000 hectares of land.
This would generate 13 times more employment and significantly larger government revenue than the SGSOC project and would leave land for peasant agriculture, conservation, and the use of non-timber forest products.
Q: What next with your campaign against SGSOC/Herakles farms?
A: We won't stop until environmental justice is done. We want a new agreement that takes into consideration the sustainable management of that forest and that gives the locals better access to land and alternative livelihoods. We are currently working with more than 20 community groups and international and local NGOs ...
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With abundant irony and satire the most various human vices are exposed, among others the hypocrisy and avarice of Brahmans, the intriguing character of courtiers, and the faithlessness of women. A vigorous popular spirit of reaction against Brahman pretensions here finds expression, and altogether a sound and healthy ...
The following translation of a short fable from the first book may serve as a specimen of the style of the Panchatantra.
"There was in a certain forest region a herd of monkeys. Once in the winter season, when their bodies were shivering from contact with the cold wind, and were buffeted with torrents of rain, they could find no rest. So some of the monkeys, collecting gunja berries, which are like sparks, stood round blowing in order to...
A man of judgment who desires
His own success should not accost
One constantly disturbed in work
Or gamblers who have lost at play.
Nancy Colmenares is Hugo Chavez’ First Wife (PHOTOS)
Nancy Colmenares Hugo Chavez first wife
There is little information about Nancy Colmenares, de Chavez besides that she was the first wife the late Venezuela President Hugo Chavez had, and that she is the mother of his three eldest children.
Hugo Chavez was just 23 when he got married to Nancy Colmenares a working- class lady that  came from a humble family in Barinitas, formerly known as Nueva Trujillo de Barinas located south of Cordillera de Merida in Bolivar. Hugo Chavez met Nancy when he was communications officer at a counterinsurgency unit in Barina...
The year was 1977 and Nancy Colmenares and Hugo Chavez said “I DO”,  a year later Nancy became a mother for the first time to her beautiful daughter Reina Virginia, in 1980  came her second daughter Maria Gabriela and in 1984 came her third child, a boy named like his father Hugo Rafael Chavez.
While Nancy devoted herself to her children, her husband was creating the  Bolivarian Movement –200 aka MBR-200, she had to endure the fact that she would be home alone with her three small children, the difficult and painful price she had to pay for being married to a military man, but as painful; But nothing was as p...
She unlike Nancy shared the revolutionary ideology that Chavez had, Herma, many say was one of the women he loved most, besides she and her education helped which formed a key part o knowledge were a vital key to his military formation.
After Chávez led the coup against President Carlos Andres Perez on February 4, 1992, and  he was sent to  jail Marksman was the one who visited him, but it was to his wife Nancy that he publicly apologized for leaving her alone with their children and no money after the military coup. That was the end of his marriage t...
More Breaking News:
1. [...] 58, his children son Hugo Jr. ad daughters Rosa Virginia, Maria Gabriela from his first marriage to Nancy Colmenares and his youngest daughter Rosines from his marriage to Marisabel Rodríguez de [...]
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Monthly Archives / May 2005
Got this from suan, so here goes.
1. If you had to power to bring world peace, what and how would you do it?
A: Question is a little flawed, if I have the power, then the how would be automatically answered. The what would be world peace, what else?
Anyhow, As yet, nobody has the mystical power to bring world peace, the fastest and probably best option is sadly, through war and total domination of the entire world. However, I don’t really believe in starting a fight to end one. Hence the way I would do it is the Martin Luther King Jr’s way.
2. What would you do if you discovered that you are HIV positive?
A: Immediately whack Hwa Chai. My last sexual experience was probably him screwing me when I was drunk at the party. (he screwed every guy, just check out this photo!)