Showing posts with label global economy. Show all posts
Showing posts with label global economy. Show all posts

Sunday, July 3, 2022

What Uganda’s gold could mean for crypto

Andrew Singer (cointelegraph.com, 6/24/22); Sheldon S., Ashley Wells (eds.), Wisdom Quarterly

Uganda’s gold discovery: What it could mean for crypto
Blockchain has a future, Bitcoin likely does not.
Is gold becoming inflationary? Can Bitcoin replace it as a store of value due to [Bitcoin's artificial] scarcity and reliability? Are Uganda’s [gold] numbers implausible?

Questions arise. These are fraught times for the cryptocurrency and blockchain sector, so it isn’t surprising that industry proponents might seize upon any promising news to help charge flagging markets.
US e-cash: digital currency like cash without Fed
A Reuters' report out of Uganda last week about a massive gold ore discovery [worth $12+ trillion] supplied just this kind of fuel. What does the state of gold mining [on the continent of] Africa have to do with the price of global Bitcoin (BTC)? Quite a bit, potentially.

Bitcoin has periodically laid claim to being digital gold largely on the strength of its [artificially] strict 21 million supply limit, which makes it non-inflationary and a good store of value — in theory.

Gold, of course, is the store of value par excellence, with a limited supply and a solid track record that goes back millennia.

But if Uganda is sitting on 31 million metric tons of gold ore, as the government declared, might not that substantially boost the world’s gold supply? That in turn could lower the price of gold — and make it a less secure “store of value” generally.

Gold’s loss could be the cryptocurrency’s gain. Some drew encouragement from this notion. Microstrategies CEO Michael Saylor, for instance, posted a video on Twitter about the Ugandan discovery of “huge gold deposits,” which might net 320,158 metric tons of refined gold “valued at $12.8 trillion.”


As Saylor noted on June 17, 2022: “#Gold is plentiful. #Bitcoin is scarce," further telling CNBC

“Every commodity in the world has looked good in a hyperinflationary environment, but the dirty secret is you can make more oil, you can make more silver, you can make more gold…Bitcoin’s the only thing that looks like a commodity that is scarce and capped.”

But perhaps there is less here than meets the eye. The 320,158 metric tons of refined gold that the Ugandan mining ministry spokesman said could be produced from the new deposits in the country’s northeastern corner would far exceed the 200,000 metric tons in above-ground gold that exist in the entire world today.

One gold mining trade publication went so far as to suggest the Ugandan government may have been confusing metric tons with ounces in its projections. More

Wednesday, April 8, 2020

Are Progressives screwing America? (video)

Jimmy Dore; Seth Auberon, Ashley Wells, Pfc. Sandoval (eds.), Wisdom Quarterly
Dr. Fauci calls in and cusses up a storm. What are Dems doing to us?



Friday, January 31, 2020

Free life-changing weekend event: Unsinkable

Unsinkable.com via Lisa Garr (Aware Show); Amber Larson, CC Liu (eds.), Wisdom Quarterly
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Hi, I'm Lisa Garr!
Lisa Garr says she just heard about something unbelievably special happening THIS Saturday. She highly recommends you attend. (And it won’t cost you a cent!)

Many of the top "Bounce Back” experts, teachers, and motivational speakers from the blockbuster hit movie Unsinkable: The Secret to Bouncing Back are coming together in a powerful FREE all-day “Unsinkable” global online conference.

The focus will be on one thing – YOU and how YOU can live YOUR greatest life in 2020! Go here to reserve your spot now.

This brand new exclusive event is hosted by Garr's good friend Sonia Ricotti. She is a #1 bestselling author, one of the top "Bounce Back” (resiliency) experts in the world, and the executive producer of the Unsinkable movie.

Resilient: How to quickly bounce back

Thanks, Lisa. This sounds like "The Secret" all over again. So I can be a millionaire, too?
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This is truly a once-in-a-lifetime opportunity where you can learn from Bob Proctor, Lisa Nichols, John Assaraf, Les Brown, Rhonda Britten, Shellyann Siddoo, and Marci Shimoff!

With a front row seat to this all-day event, here’s a sneak peek at some of the life-changing sessions you’ll experience:
  • Famous motivational salespeople
    Sonia Ricotti: 3 Steps to Bouncing Back BIG and Living Your Greatest Life!
  • Bob Proctor: Shift Your Paradigm, Shift Your Destiny
  • Lisa Nichols: Winners Never Quit: Rising Above the Impossible
  • John Assaraf: How to Reprogram Your Brain for Success in 2020
  • Marci Shimoff: The Secret to being Happy (Even When Life Isn’t Perfect)
  • Rhonda Britten: Forgiving the Unforgivable
  • Les Brown: Mind Over Health: The Magic of Believing
  • Sonia Ricotti: 6 Steps to Manifesting Money in 2020
  • …and LOTS more!
This is one of those “must attend” events, so make sure you reserve your spot and block off your calendar to be there. Go here to reserve a spot now.

P.S. Because of the long length of this event, it will most likely not be recorded. Do everything you can to attend the entire event. It’s going to be incredible! This is one you really don’t want to miss!

Sunday, September 21, 2014

People's Climate March (LIVE: Democracy Now)

Ashley Wells, Amber Larson, Seven, Wisdom Quarterly; Amy Goodman (democracynow.org)
 
The People's Climate March, Sunday morning (democracynow.org/livestream)
People's Climate March, New York City, Sunday, Sept. 21, 2014 (democracynow.org)
Former president of Ireland and Ban Ki Moon join protesters in People's Climate March

    Meatless Mondays: greenhouse gases like methane from ranching and flesh eating is much worse than carbon. But as did Al Gore and his "Inconvenient Truth," people too often ignore meat eating as a major contributor to global warming and climate chaos (WATCH LIVE).

      Wednesday, May 21, 2014

      Singapore haze; Indonesia forest slash-n-burn

      Ashley Wells, Wisdom Quarterly; Rujun Shen from Singapore (Reuters.com, 5-21-14)
      Smoke haze obscures building under construction, Singapore March 2014 (Tim Wimborne)
        
      Singapore braces for worst smoke "haze" as Indonesia slashes-and-burns forests
      Singapore is approaching its yearly "haze" [dense air pollution] season, when smoke from forest clearing in Indonesia chokes the air, with this year likely to be worse than 2013's record pollution thanks to lack of action in Jakarta and an expected El Nino weather pattern.

      The prosperous city-state, which prides itself on its clean air, was shrouded in heavy smog from slash-and-burn clearances on the neighbouring Indonesian island of Sumatra last June which sent its air pollution index to a record high.

      Is America better than Asia about polluting?
      One year on, and an election-distracted government in Indonesia has still not ratified the Association of Southeast Asian Nations (ASEAN) 2002 Agreement on Transboundary Haze Pollution, and fires continue to burn in Sumatra.

      That is despite outrage in Singapore as well as environmental groups putting pressure on Jakarta. Fires are used to clear land on plantations and can burn for weeks because of peat deposits below the surface.

      There is also a growing likelihood of an El Nino weather pattern this year, meaning Singapore, as well as parts of Indonesia and Malaysia, could be set for months of intense haze with a knock-on effect on health and business, especially tourism. More

      Monday, February 6, 2012

      DEBT: The first 5,000 years (video)

      Recorded by Martina Steiner, Uprising Radio host Sonali Kolhatkar interviews David Graeber about debt and the Occupy Movement on Feb. 2, 2012 which aired on Feb. 6, 2012 over KPFK.org.

      welcomes American anthropologist, teacher, author, and activist David Graeber. His book, Debt: The First Five Thousand Years, shows how debt and debt forgiveness have been at the center of political debates across the world.

      They have given rise to innumerable uprisings. But the exploration much further back through the history of money and credit and the division of societies into creditors (1%) and debtors (99%).

      Most Americans know the injustice between homeowners facing foreclosure and debt ridden banks who caused the problem being bailed out. That unequal application of help to regain solvency has angered so many Americans that it gave rise to a nationwide Occupy Movement.


      (PBS) Are we slaves? Wage slaves, debt slaves, people who do work they do not want
      to because they owe more money than they can pay (debtors)? Need To Know's Alison
      Stewart talks with Graeber about our misconceptions about debt and its role in history.

      David Graeber is one of the first activists to get Occupy Wall Street off the ground last year. His earlier books include Towards an Anthropological Theory of Value, Lost People: Magic and the Legacy of Slavery in Madagascar, Fragments of an Anarchist Anthropology. He also writes for Harper's magazine, The Nation, and The New Left Review.

      Thursday, December 15, 2011

      World Revolution Redux (censored)

      Occupy Everywhere (St. Paul's Cathedral, London)

      VIDEO: Occupy London harbors political ambition - Europe (AJ, English)

      (, Dec. 2, 2011) Time Magazine is censoring its US edition. Rather than headlining "revolution," we will be told that "Anxiety is good" for us. We will be distracted and encouraged to ignore the current crisis of popular uprisings going on all around the world. In other countries, the headline will read REVOLUTION REDUX.

      "You can't handle the truth!" Jack Nicholson insists in "A Few Good Men." Can we? It was just reported that jobless claim rates went down to "give Americans hope." But that happens every December with the hiring of seasonal help, boosting of Christmas spending (holiday debt), and flooding the European economy with unbacked Fed printed money to the tune of 7.7 trillion secretly handed out to manipulate and prop up markets. There is a major prediction at the end of the video...if one can handle the truth.

      Why are we spoon fed images and nonsense narratives by the mainstream media "news"? Diversion and reality TV are meant to be distractions. But why are comedies like The Daily Show and The Colbert Report almost are only honest sources of news? (There are also Pacifica, INN World Report, and other examples along the Wisdom Quarterly sidebar).

      Wednesday, December 14, 2011

      Occupy: "Protester" is "Person of the Year"

      VOA.com; TIME.com; McClatchyDC.com
      (mcclatchydc.com)

      US-based Time Magazine (TIME.com) has recognized unprecedented change [on Wall Street, Zuccotti Park, and] in the Middle East and elsewhere around the world by naming "The Protester" as its Person of the Year.

      In an article Wednesday, Time said the protest movement is largely populated by disenfranchised youth frustrated with a lack of political power and a flailing economy.

      In the Middle East, protests beginning in Tunisia and spreading to Egypt, Yemen, and Libya resulted in changes in government. In the United States and western Europe, protesters demonstrated against the dire economic situation and disparity of wealth between [the super] rich [1%] and poor [99%]. More

      We are not leaving Iraq. We are "pulling out" but staying behind in the world's largest US embassy, military base, and private contractor hangout. And B.S. Obama is not vetoing the "indefinite detention without a trial" bill he promised to. Now it is 1984. Happy Bill of Rights Day!

      Thursday, June 30, 2011

      US wars to cost $4 trillion, report finds

      The Department of War (aka, the Pentagon) Did they ever figure out what hit it?

      A new report out of Brown University estimates that the U.S. wars in Afghanistan and Iraq--together with the counterinsurgency efforts in Pakistan--will, all told, cost $4 trillion and leave 225,000 dead, both civilians and soldiers.

      Afghanistan is the Land of the Buddha, the original Kapilavastu, with the largest statues in the world. But archeologists are not likely to uncover its wonders before Chinese mining interests destroy artifacts in Mes Aynak and elsewhere.
      The group of economists, anthropologists, lawyers, humanitarian personnel, and political scientists involved in the project estimated that the cost of caring for the veterans injured in the wars will reach $1 trillion in 30 or 40 years.

      In estimating the $4 trillion total, they did not take into account the $5.3 billion in reconstruction spending the government has promised Afghanistan, state and local contributions to veteran care, interest payments on war debt, or the costs of Medicare for veterans when they reach 65.

      Elite warriors, each costing $1,000,000/year, needed to defeat Iron Age pastoralists? (veteranstoday.com)

      The Congressional Budget Office, meanwhile, has assessed the federal price tag for the wars at $1.8 trillion through 2021. The report says that is a gross underestimate, predicting that the government has already paid $2.3 trillion to $2.7 trillion. More

      Shocking release of U.S. documents on Afghanistan

      WASHINGTON, D.C. (CNN) – The Afghan government said Monday it was “shocked” as it sifted through tens of thousands of leaked U.S. military and diplomatic reports on the war in Afghanistan that a whistleblower website posted a day earlier. “The Afghan government is shocked with the report that has opened the reality of the Afghan war,” said Siamak Herawi, a government spokesman. WikiLeaks.org -- a whistleblower website...

      Monday, June 13, 2011

      DSK and hacking the Int'l Monetary Fund



      While lecherous International Monetary Fund Director Dominique Strauss-Kahn, President of the World Bank, is being hung high after being accused of attempted rape of a hotel worker (prompting demonstrations and "Slut Walks") -- and Hillary Clinton is put forward as the leading candidate to replace him -- some state-funded entity [CIA, China, Israel, UK?] is upping the ante:



      IMF Hacked; No End in Sight to Security Horror Shows
      Ian Paul (PCWorld, June 12, 2011)
      The recent online intrusion into International Monetary Fund servers may have been the work of malicious hackers working for a foreign government, according to online reports. The IMF is reportedly reluctant to disclose where it believes the attacks came from since 187 of the world's 194 nations (as recognized by the U.S. Department of State) are members of the fund. The hack's perpetrators obtained a "large quantity of data," including e-mail and other documents during the intrusion, according to Bloomberg. The attacks reportedly began before May 14 when IMF Managing Director Dominique Strauss-Kahn was arrested in New York on sexual assault charges. The IMF provides, among other functions, economic assistance and policy advice to nations in financial distress to help stabilize the global economy. That means the global agency has, as The New York Times recently reported, "highly confidential information about the fiscal condition of many nations." As such, the IMF's files contain "political dynamite" that could affect global markets, according to the Times. It's not clear if the data stolen from the IMF was particularly sensitive. More

      Becoming part computer (common cyborgs)

      Jerry lost half a digit and replaced it with a prosthetic finger with a USB drive inside. He explained on his blog that it's detachable: "When I'm using the USB, I just leave my finger inside the slot and pick it up after I'm ready."


      ATLANTA, Georgia (CNN) - In Chris Harrison's ideal world, mobile phones would be the size of matchbooks. They'd have full-size keyboards. They'd browse the Web. They'd play videos. And, most importantly, you'd never have to touch them. Sound like too much to ask? Maybe not. Harrison, a graduate student at Carnegie Mellon University and a former intern at Microsoft Research, has developed a working prototype of a system called Skinput that does just that, essentially by turning a person's hand and forearm into a keyboard and screen. "People don't love the iPhone keyboard. They use them. But they don't love them," Harrison said in a interview at the recent Computer-Human Interaction conference. "If you could make the iPhone keyboard as big as an arm -- that would be huge." Using Skinput, a person could tap their thumb and middle finger together to answer a call; touch their forearm to go to the next track on a music player; or flick the center of their palm to select a menu item. More

      Tuesday, April 5, 2011

      MI5 Files: Nazis planned a "Fourth Reich"

      MI5 files: Nazis planned "Fourth Reich" in post-war Europe (Telegraph.co.uk, April 4, 2011) The Nazis hatched plans for a “Fourth Reich” by planting sleeper cells in post-war Europe to destabilise governments, secret MI5 files show.

      Bookseller Jim Marrs explains the Big Picture(begins at 4:10)

      (, 2009) Jim Marrs has gathered compelling evidence that an effort has been underway for the past 60 years to bring a form of National Socialism (Nazism) to modern America, creating in essence a modern empire -- a Fourth Reich. Marrs reveals the frighteningly fact that today the United States is ruled by the same wealthy elite that originally funded the Nazis and fueled their terrifying ideology. Details - Armistice Day in Photos - Iwo Jima's mass graves - Jim Marrs discusses 4th Reich with Alex Jones:

      Saturday, March 5, 2011

      Los Angeles to join Wisconsin protests

      Wisdom Quarterly

      We are well aware of the growing protest movement around the country and around the world.

      The University of California has joined in to protest cuts. The powers that be do not seem to want an educated electorate after all. (It didn't help Hussein in Iraq, so why would it help Hussein in America?)

      But democracy depends on it. So we have to demand it and not expect Republicans to support schools, unions, local police, teachers, or even firefighters. But there's plenty of money for military, spying, and all sorts of secret agents for the paramilitary police state apparatus.

      What started due to higher food prices has gone viral. It was brought on by bankers speculating with all the free money (no interest loans) the government is handing out as they sink this economy and draw others into a game where all that matters are weapons and strategic advantage. Why are they speculating? One invests one's own or the institution's money very carefully. But with free money, you just go for broke.

      You don't really have to pay back anyway. Taxpayers will bail you out, and we'll call that bail out "austerity." Scholars on Pacifica Radio explain it so well. "Inside Job" spells it out: The best way to rob a bank is to own one.

      What started in Tunisia (due to food prices rising so unfairly because gambling-investors started to bet on commodities they have no vested interest in but are only trying to capitalize on rising prices, which they cause by betting, war, disrupting supply lines, weather anomalies, "natural" disasters, and what not), went to Egypt, Yemen, Libya, Wisconsin, Indiana, Ohio, Northern California (with the capital Sacramento's "Staying Alive" danceathon), and is finally making its way to the world stage that is Los Angeles. (It's not the only world stage, but we do have the best cameras).

      War. What is it good for? We have to be peaceful. Gandhi, King, Issa, and others weren't killed for naught. We have to be firm on that. Or war will win.

      Monday, January 17, 2011

      Why our economy is no "accident" (video)



      From Academy Award nominated filmmaker Charles Ferguson ("No End in Sight") comes "Inside Job." It is the first film to expose the shocking truth behind the economic crisis that began in 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians, and journalists, "Inside Job" traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation, and academia.

      Monday, May 24, 2010

      "Meltup" - Global Currency Crisis, Inflation

      InflationUS — The emperor has no clothes -- the beginning of a U.S. (and global) currency crisis and hyperinflation. Become a member of NIA free at inflation.us

      Thursday, March 18, 2010

      Economic recovery? "The Dollar Bubble" (film)

      (InflationUS) "The Dollar Bubble" stars Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Now is the time to prepare for the collapse of the U.S. dollar. Learn more and maybe become a member of the NIA (National Inflation Association) for free at inflation.us.

      Friday, February 5, 2010

      Stocks Tumble Around the World


      World stocks tumble amid global recovery doubts
      World stocks tumbled again Friday as ballooning European debt and a rise in U.S. unemployment claims added to fears the global economy could slip back into recession. World stocks hit by fears of debt crisis contagion: LONDON – Investors worried that the debt crisis enveloping Greece may spread to other vulnerable countries in Europe such as Portugal, and amid fears that jobs data later will show that the U.S. recovery is weaker than expected.

      Currency trader works in front of screens showing the Korea Composite Stock Price Index (KOSPI) and foreign currency rate, right, at the Korea Exchange Bank headquarters in Seoul, South Korea, Feb. 5, 2010. The KOSPI fell 49.30 points, or 3.05 percent, to close at 1,567.12 Friday (AP/Ahn Young-joon).