Loading ...Goldtent about Salmonella, but it does well in compost boxes, where there is not necessarily meat present (see link below). I dont care much for Salmonella because to the best of my knowledge it doesnt accumulate gold microparticles like Equisetum does.
A question - if Equisetum is so good at accumulating gold microparticles, how come “Equisetum” isnt rich by now. Just wondering. Equiz.
need to develop more nuclear weapons….I guess spending $120Million on a supercomputer is not a big deal…
www.guardian.co.uk/technology/2008/jun/10/computing.sciencenews
…….”The first six months will give operators time to get used to the machine, and to iron out any bugs and glitches, before it begins its real task of providing classified data to help assess the safety, and readiness, of the US nuclear arsenal.
Roadrunner will be used by nuclear weapons experts at Los Alamos to simulate the first fractions of a second of a nuclear detonation. Additional computing units will be linked to Roadrunner, allowing a quarter of its power to remain available for unclassifed projects”…..
NOTES FROM THE FAR SIDE
Dear Bill,
In February I sent you a picture of the then largest denomination Zimbabwe bank note, the Z$10million. Since then inflation has climbed further up the exponential curve rising from a reported 165,000% to 1,800,000%. How accurate these figures are at this stage in the game is really neither here nor there to be honest.
The picture enclosed shows one of the newer denominations in this hyperinflationary fiat-based ponzi scheme. Although this Z$500million note is nominally 50 times larger than the Z$10million it actually buys only half as much. Whereas the Z$10m note bought 2 loaves of bread in Feb08 this new Z$500m note will only buy one loaf. In other words a 100 fold decrease in spending power in the space of 5 months (Bernanke-eat your heart out!). This Z$500m will buy you one loaf, one Coke OR one toilet roll in todays shattered Zimb economy. Take your pick.
Not of that this Z$500m is the largest note currently in circulation. Nope. There is a Z$25Billion note out there somewhere (Z$25,000,000,000) but I figured I would let this devalue for a few weeks more before spending my relatively higher value Botswana currency to obtain a FAR SIDE specimen. There again i started collecting these hyperinflationary momentos relatively late in the day. A friend visiting from Zimbabwe showed me her 5 cent note. Funny, i had always associated cents with coinage so it was a bit of an eye opener to see this old type ‘cent’ denominated note before they stripped the three zeros off.
Some interesting comparisons:
It would take 500,000,000,000,000 of those old Zimb 5 cent notes to exchange for a single Z$25bn note.
If we compare the largest US note with that of Zimb we can nominally equate the US$100 to the Z$25bn note. One hundred times smaller and we can equate US$1 to Z$250m. One hundred times smaller yet still and a US penny compares to a Z$2,500,000 note although actual value of this note would be 2.5c.
If the value of the Zimb dollar was on a par with the US dollar it would have taken just two crisp Zimb bank notes from your wallet to buyout Bear Stearns.
First world countries would rate the loaf of bread, the roll of toilet paper and even i guess the Coke as basic shopping items. In Zimb however they all rate as luxury items with the toilet paper trouncing the Coke in the discretionary stakes. With most true-money advocates regarding any form of fiat currency as nothing more than glorified toilet paper the following should be amusing:
Average Zimb toilet roll Price: Z$500m
Average Zimb toilet capacity: 250 sheets (and that’s being generous!)
Price per sheet: Z$2,000,000
Smallest Zimb note Z$10,000,000
ergo: 1 note buys 5 sheets
PROGNOSIS: the Zimb currency only has to devalue further by a factor of five (probably the time it took to write this!!!) for the Zimb currency to LITERALLY assume the value of toilet paper.
Logical conclusion: for those in Zimbabwe who can still afford to buy toilet paper, it will soon become a moot point thus the aforesaid purchase will no longer necessary as it will be a lot more expedient to just use Z$10m notes to wipe one’s arse.
“keep banging the rocks together”
Lawrence Tout
Botswana
law.tout@gmail.com
Bill H:
To all; another horrible day for the financials. Many, very important financial stocks are taking out chart lows today. Many at round #’s. For example, Citi is under 20, Merrill and JPM under 40, Lehman under 30 etc. My point here, is that the wheels are falling off the financials which have become so important in the U.S. The U.S. is a nation of finance. Everything now revolves around finance, less than 10% revolves around manufacturing. These financial stocks are moving in advance of a seizure. They are paving the road to an outright financial panic. The credit crunch has now become virtually “all engulfing”.
Lehman coughed up another furball today. What a surprise! We’ve heard for almost 3 months now that the “decks were cleared”, the recession was “half over’, etc. What IS half over is…….drumroll please……….. THE FED’s BALANCE SHEET! That’s right, the Fed has already burned through half of its available capital. Half of their capital is already gone and we haven’t had any big failures except Bear Stearns. The big failures loom ahead. We still hear the same “we’ve written it all down or off” tune, but the losses keep on coming. The Fed will be over run with pleas for help, and financial failures.
The charts look horrible, main street is waking up from its’ drunken credit induced stupor, Wall Street is fessing up to huge losses while kicking and screaming for help, and the Fed has already burned up half of its stash of “funny money”. The perfect financial storm appears to me to be coming onshore on a daily basis. The trigger will be so obvious, after the fact. For anyone with an 8th grade education, the situation is becoming more and more obvious every day. Regards, Bill H.
When I first saw the list, It jumped at me that the 1st bank on the list is where I do some banking!! Mabey I had better go get both of my dollars out of there!
FWIW-
My pet theory of the bees is that they are pulling a ‘John Galt’.
Finally fed up with our pesticides, urban overdevelopment, being shipped hither and yon to do our slave work, they have decided it’s time to say “Up your’s, people”, and they are all going off to some as yet undiscovered sanctuary where they are happier, and of course, busy as bees!
….I still love tomatoes
Fast approaching $800, GOLD’s 300 DMA now sits at $790.97.
Day after day, it knows but one thing to do…..RISE!
Keep the faith.
Goodnight, everyone.
JBI
June 10 (Bloomberg) — Treasuries fell, driving two-year yields half a percentage point higher in two days, after Federal Reserve Chairman Ben S. Bernanke pledged to “strongly resist” any waning of public confidence in stable prices.
Two-year note yields approached the highest this year after Bernanke said the risk of a “substantial downturn” in U.S. economic growth has diminished, prompting traders to increase bets that policy makers will raise interest rates. At ICAP Australia Ltd. in Sydney, part of the world’s largest interbank broker, the trading room erupted in noise, Matthew Johnson, the firm’s senior economist, said.
“The Fed is going to keep reminding us that they are worried about inflation,” Johnson said. “Bids disappeared for a while. Treasuries are still a sell.”
The two-year note yield rose 22 basis points to 2.93 percent as of 10:57 a.m. in Tokyo, according to bond broker BGCantor Market Data. The price of the 2.625 percent security due in May 2010 fell 13/32, or $4.06 per $1,000 face amount, to 99 13/32. A basis point is 0.01 percentage point.
Two-year yields, among the most sensitive to changes in interest rates, may rise to 3 percent this week, Johnson said. The high so far this year was 3.10 percent on Jan. 2. Ten-year rates climbed 4 basis points to 4.05 percent.
“The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so,” Bernanke said yesterday in a speech to a Boston Fed conference. “The Federal Open Market Committee will strongly resist an erosion of longer-term inflation expectations.”
Fed Outlook
Futures on the Chicago Board of Trade show a 30 percent chance the Fed will raise its 2 percent target rate for overnight lending between banks by a quarter point at its Aug. 5 meeting. The contracts show an 88 percent chance the Fed will increase the rate by at least a quarter percentage point by December, compared with 67 percent odds a week ago.
“Treasuries have gotten crushed,” said Kenny Borowicz, a bond-futures broker at MF Global Singapore Ltd., part of the world’s largest broker of exchange-traded futures and options contracts.
The extra yield that two-year notes offer over the Fed’s target interest rate widened to 93 basis points, the most since April 2005.
“Treasuries have entered `buy’ territory,” said Adam Donaldson, head of debt research at Commonwealth Bank of Australia in Sydney, the nation’s second-largest lender. “Pressure from inflation and the economic growth slowdown will bear down on equity markets and investors will still shift asset classes to safety.”
`Complicated Balance’
Fed officials have cut their benchmark lending rate from 5.25 percent in September to keep a U.S. housing recession and losses from the credit markets from throwing the economy into a recession.
The Fed faces a “complicated balance” of lowering interest rates to spur growth “without taking too much risk that underlying inflation is going to accelerate over time,” New York Fed Bank President Timothy Geithner said yesterday after a speech in New York.
“Treasuries will keep falling,” said Mitsuo Masuda, a manager in Tokyo at the foreign bond section of Sumitomo Life, who helps oversee the equivalent of $28.1 billion in non-yen debt. “The Fed will raise rates once or twice this year.”
Sumitomo plans to shift some Treasury holdings to euro- denominated bonds later in 2008, he said.
I only wish I had the time to study this mystery further. The “cell phone” thesis is an interesting one and, until proven otherwise, can’t really be ruled out. Something is definetely wrong, though, and I hope that, for mankind’s sake, this mystery is soon solved and that those little critters return soon to do their thing on the food chain.
Thanks a mil for sharing.
JBI, still more than baffled by those missing bees.
The Banking Bombardment.
And on that whole list, are 3 ….. one where my retirement check goes, another with a local checking acct, and a 3rd which just bought out one of our Brokerages.
reggiemiddleton.bankimplode.com/2008/06/02/32-banks-to-see-the-feces-hit-the-fan/
For your reading pleasure re the festering Bank implosion Situation.
Most Interesting blog
32 banks about to fail — according to Middleton
Wells Fargo
Popular Inc
SunTrust
KeyCorp
Synovus Financial Corp
Marshall & Ilsley
Associated Banc
First Charter
M&T Bank Corp
Huntington Bancshares
BB&T Corp
JPM Chase
U.S. Bancorp
Bank of America
Capital One
Nara Bancorp
Sandy Spring Bancorp
PNC
Harleysville National
CVB Financial
Glacier Bancorp
First Horizon
National City Corp
WA MU .
Countrywide
Regions Financial Corp
Citigroup
Wachovia Corp
Zions Bancorp
TriCo Bancshares
Fifth Third Bancorp
Sovereign Bancorp
……..Looks Like soon there will only be 1 Bank…..Goldman Sachs…..One Currency….One Bank….makes it a whole lot easier I must admit……dont have to worry where to get the best return on your Borrowed money…Just go to the One Bank….give them your paycheck…they pay your bills…and give you a loan too…
.great idea….simpify ….get plasticised. Get used to it. Better’n paper. All electronic.
Just add Zeros. 
It is my understanding that vegies can pick it up where waste from animals is flushed into a produce field.
I read that somewhere/sometime.
Yea….I heard this from a friend who works on cell phone towers for a living. The case of the missing bee:
It seems like the plot of a particularly far-fetched horror film. But some scientists suggest that our love of the mobile phone could cause massive food shortages, as the world’s harvests fail.
They are putting forward the theory that radiation given off by mobile phones and other hi-tech gadgets is a possible answer to one of the more bizarre mysteries ever to happen in the natural world - the abrupt disappearance of the bees that pollinate crops. Late last week, some bee-keepers claimed that the phenomenon - which started in the US, then spread to continental Europe - was beginning to hit Britain as well.
The theory is that radiation from mobile phones interferes with bees’ navigation systems, preventing the famously homeloving species from finding their way back to their hives. Improbable as it may seem, there is now evidence to back this up.
Colony Collapse Disorder (CCD) occurs when a hive’s inhabitants suddenly disappear, leaving only queens, eggs and a few immature workers, like so many apian Mary Celestes. The vanished bees are never found, but thought to die singly far from home. The parasites, wildlife and other bees that normally raid the honey and pollen left behind when a colony dies, refuse to go anywhere near the abandoned hives.
The alarm was first sounded last autumn, but has now hit half of all American states. The West Coast is thought to have lost 60 per cent of its commercial bee population, with 70 per cent missing on the East Coast.
CCD has since spread to Germany, Switzerland, Spain, Portugal, Italy and Greece. And last week John Chapple, one of London’s biggest bee-keepers, announced that 23 of his 40 hives have been abruptly abandoned.
Other apiarists have recorded losses in Scotland, Wales and north-west England, but the Department of the Environment, Food and Rural Affairs insisted: “There is absolutely no evidence of CCD in the UK.”
The implications of the spread are alarming. Most of the world’s crops depend on pollination by bees. Albert Einstein once said that if the bees disappeared, “man would have only four years of life left”.
No one knows why it is happening. Theories involving mites, pesticides, global warming and GM crops have been proposed, but all have drawbacks.
German research has long shown that bees’ behaviour changes near power lines. Read More
p.s. many people have refuted this article, and call it garbage. you can read blog comments here
Not just meat ….. I got it once in the Dominican Republic on last day before departing from eating a salad ….