Iran has opened a new gold processing plant, reportedly the biggest in the Middle East, hoping to double its production of precious metals. Using a unique technology, Tehran says it will now mine up to three tons of gold per year.
Iranian TV reported that the opening ceremony was attended by First Vice President Ishaq Jahangiri.
The new facility is located near one of the country’s richest mines, Zareh Shuran. It is located 35 kilometers from the city of Takaab in northwest Iran, in an area where gold, silver, and mercury are extracted.
The gold ore reserves of the Zareh Shuran mine are estimated at 20 million tons. ((…with an average karat of 5.5 gram per ton which is considered one of the most valuable known mines in the country.))Continue reading »
Cancer Vortex provides similar powerful history of the medical oligarchs who block medically and legally proven cancer cures in order to protect industry profits in the annual billions (here, here, here, here).
If the US .01% will engage in actions that war and poverty-murder millions every year, harm billions every year, and bankster-loot trillions every year, year-after-year, the following information is important to thoughtfully consider. Ken’s article: Continue reading »
I got this from Naked Capitalism. Before presenting the chart, here are some words to bear in mind from Yves Smith:
Short omits some key elements from his discussion. One is that until recently, a profit share of GDP of 6% was perceived to be a cyclical peak; no less than Warren Buffet deemed a higher level to be unsustainable. And in fact, we see an explosion of profit share from 6% to 10% of GDP in the runup to the crisis, roughly from 2003 to 2007. The “rescue the banks and financial markets” measures succeeded in bringing the profit share back to its pre-crisis levels, at the expense of workers.
Notice the inflection point in profit share is 1987, when Greenspan became Fed chairman. Correlation may not be causation, but the timing is almost exact.
HEBRON, KY — Police charged into a darkened field trying to arrest teenagers for consuming alcohol without government permission, and killed a young woman in the process.
The deadly raid occurred in the early morning hours of Saturday, April 26th, 2014. After witnessing “cars full of juveniles” and “hear[ing] loud music and people screaming,” Boone County Sheriff’s Deputy Tyler Brockman radioed for “several patrol cars for assistance, as it seem[ed] like a large party with underage drinking was going on,” according to an official report. Continue reading »
UPDATE: MH17/MIG photo not likely to be from a satellite
Jim Stone, Nov 14, 11:35 PM CST
To the left I have the original, as presented, and a clip from Google maps showing the exact same location, with the distance scale still embedded in the Google map image. If this was shot from outer space, the Mig would have to be 1 KM long to match the ground below it. The only way this shot could possibly be real is if it was shot from a higher flying aircraft. Did reputable Russian media get spoofed? That is a strong possibility.
I was hoping the Russian Navy was at Australia to give Putin a safe ride back absent any chance of remote hijacking or shoot downs after he “presented this photo”. There are three possibilities here, and they are:
1. This photo is a hoax that fooled even the Russian press.
2. This photo is fake for the press, but a real one exists.
3. This photo is real, but shot from a higher flying aircraft.
Take your pick for now, let’s see how Putin leaves Australia. If he leaves with the Navy that will probably say it all. Continue reading »
Looks I have to return to the deflation topic. I’m a bit hesitant about it, because the discussion always gets distorted by varying definitions and a whole bunch of semi-religious issues. The Automatic Earth has for many years said that an immense bout of deflation is inevitable because of global debt levels, and it’s all only gotten a lot worse since we first said that. Our governments and central banks have ‘fought’ deflation with more debt, and that was always the stupidest idea in human history. Or at least, most of us were stupid for believing it would work, or was even intended to.
Just so we don’t get into yet more confusion, i probably need to explain that the debt deflation we’re talking about here is not some subdivision like consumer inflation or price inflation or cookie inflation, those are just hollow and meaningless terms. Debt deflation is deflation caused by too much debt, and the deleveraging it must and will lead to. Deflation does not equal falling prices, those are merely an effect of it. Continue reading »
Nation #1 spends and issues tens of trillions in taxpayer funds and debt, crushing the growth potential of future generations, just to bail out a banking sector full to the brim with criminal “riggers” (as today’s settlements once again prove), where bubble mania was so pervasive not a single bank would have survived absent a global central bank bailout, and where bank executives wouldn’t bend over for anything less than a million.
Nation #2 just sentenced two senior officials of a bank that collapsed under (a measly by New Normal standards) $1 billion in debt to 15 years in prison each for embezzlement and fraud.
Nation #1 is, of course, the US (or any other western nation). Nation #2 is Afghanistan.
IMDb – Kakusei: The Fukushima End (2014), Blondion Productions: Today the Japanese government assures its people of Fukushima’s safety and urges residents to move back. However, citizens are not convinced… Through the experiences of five individuals, this documentary reflects upon how culture has influenced the choices citizens make everyday, and how those have changed.
Hikaru Abe, student in Soma, Fukushima (40 km north of Fukushima Daiichi) who stayed behind after his mother and younger brother evacuated: “Nothing has gotten better… The government was incapable to deal with issues, covered up information we needed and even put pressure on us. While many human errors were seen, people in Fukushima worked hard to move on with the support from all over the country. Fukushima is in the process of recovery. Our government abandoned us. Anyone, please, please save the lives of Fukushima people and children. Japan is clearly going insane. It seems like we are about to get killed. Please lend your strength to Fukushima.” Continue reading »
Israel has banned Mads Gilbert, a Norwegian doctor who has helped Palestinians during conflicts for over 30 years, from entering Gaza, following his outspoken criticism of the Israeli government. Oslo has asked Jerusalem to reverse the decision.
“I was asked by the Norwegian authorities to go down to continue working in Gaza. When we arrived at the Erez Crossing, I was told by Israeli soldiers that I could not go into Gaza. I had to turn back to Norway,” said the 67-year-old, who was attempting to return to the region for the first time since the end of Israel’s Gaza offensive, which ended in August, as reported by Norway’s VG newspaper.
“I have never broken any Israeli laws. It’s provocative, unreasonable and totally unacceptable.”Continue reading »
Despite all the bravado from political leaders and the record high stock prices – which prove how clean America’s dirty short is – The Legatum Institute finds the United States is just the 10th most prosperous nation in the world… after Holland, Canada, New Zealand, and Denmark to name a few.
The U.S. Department of Justice is putting devices that emulate cellphone towers in Cessna aircraft and flying them around the country to track the locations of cell phones, a practice that targets criminal suspects but may also affect thousands of U.S. citizens, according to a news report Thursday.The program is run by the Department of Justice’s U.S. Marshals Service and has been in operation since at least 2007, according to the report in the Wall Street Journal, which cited two unnamed sources. The aircraft are flown out of at least five metropolitan-area airports and can cover most of the U.S. population, it said.
Cell phones are programmed to connect to whichever nearby cell tower has the strongest signal. The fake cell towers trick phones into thinking they have the strongest signal, then read the devices’ unique registration numbers when they connect, the Journal report says. Continue reading »
NHK, Nov. 13, 2014 (emphasis added): Radioactive water may still be entering tunnels — [TEPCO] faces another challenge in its effort to address radioactive water at the complex. It says highly contaminated water may still be flowing from reactor buildings into adjacent underground tunnels even after a work to stem the flow ended. The water in the tunnels is believed to be leaking into the sea… the firm began work in April to stem the flow of radioactive water between the reactor buildings and the tunnels… TEPCO finished the work on November 6th. But workers found that water levels in the reactor buildings and the tunnels are still linked…
ITAR-TASS, Nov 14, 2014: Radioactive water discharge from Fukushima Daiichi NPP into ocean continues; According to specialists, the volume of contaminated liquid that is leaking into the ocean is increasing by 400 tons daily — The repair operations… aimed at preventing radioactive water discharges into the ocean have yielded no result, the NPP operator [TEPCO] reported on Friday. The water… is still leaking into the NPP drainage system even after last week’s operations to stop the leak… [D]ue to the major damage of the plant’s infrastructure most of the water that is poured in… leaks into the drainage system and gets into the ground waters and then into the Pacific Ocean… The radioactive contamination level in the ground waters, according to TEPCO, is very high… Continue reading »
Pacific Investment Management Co. paid its former Chief Investment Officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco’s bonus policies. Continue reading »
One attribute I like most about Glenn Greenwald is that he never pulls punches. One of his most prescient and cutting political lines came earlier this year when he made some observations on the upcoming 2016 Presidential election, in which two status quo, corrupt, bloodthirsty con-artists will compete for the Oval Office. While we don’t yet know which crony the GOP will put up, Hilary is pretty much a foregone conclusion for the Democrats. Greenwald observed:
Hillary is banal, corrupted, drained of vibrancy and passion. I mean, she’s been around forever, the Clinton circle. She’s a fucking hawk and like a neocon, practically. She’s surrounded by all these sleazy money types who are just corrupting everything everywhere. But she’s going to be the first female president, and women in America are going to be completely invested in her candidacy. Opposition to her is going to be depicted as misogynistic, like opposition to Obama has been depicted as racist. It’s going to be this completely symbolic messaging that’s going to overshadow the fact that she’ll do nothing but continue everything in pursuit of her own power. They’ll probably have a gay person after Hillary who’s just going to do the same thing.
Confused why despite endless daily propaganda that the US economy is getting better – after all “just look at the record high S&P 500” – fewer and fewer Americans believe the narrative, as the Democrats and Obama found out the very hard way in last week’s midterm elections? Then the following explanation written by the owner of a small business – the segment of the US economy that has historically led every single recovery but this time was left behind – should help answer some questions.
The reason small businesses are disappearing written by a small business owner.Continue reading »
This is game 5 from the 2014 World Chess Championship match between defending champion Magnus Carlsen of Norway, and challenger Viswanathan Anand of India. This world chess championship match (rematch), held in Sochi, Russia, is historic. It’s the first time that the same two opponents have met in consecutive World Chess Championship matches since Garry Kasparov and Anatoly Karpov from the 1980’s. The World Chess Championship 2014 between Carlsen and Anand is a best of 12-game match; the first player to earn 6.5 points will become the World Chess Champion. Magnus Carlsen has 2 points and Viswanathan Anand has 2 points going into game 5. Continue reading »
Yesterday morning, it looked as though heavy snow was going to affect parts of south-central Minnesota. That snow came with a vengeance, especially to the northwest of the Minneapolis, MN area and then northeastward to the Upper Peninsula (UP) of Michigan. St. Cloud, MN broke a daily snowfallrecord, as well as a 24-hour November snowfall record with 13.2 inches of snow on Nov. 10, 2014 (Fig. 1). The old daily snowfall record was set in 1946 (4.3 inches); the old 24-hour November snowfall record was 12.0 inches set in 1898.
Due to the magnitude of yesterday’s snowfall, melted precipitation (the amount of liquid water in the snow) measured 1.24 inches at St. Cloud, MN. This broke the record daily liquid precipitation record for the day (0.67 inches set in 1998). Other records likely fell, but were not yet reported through the evening hours of Nov. 11, 2014. Continue reading »
These agreements were created 100 years ago to give juvenile defendants and first-time offenders a chance to for rehabilitate themselves. Only in the last 20 years have DPAs migrated to the field of corporate criminals, treating them like kids who’ve just gone down a bad path in life.The Justice Department is leaning on these toothless agreements more and more. Of the DoJ’s 283 deferred prosecution agreements since 2000, half have come since 2010, Reilly found in a working paper for BYU Law Review.
Why has the DoJ been so keen on deferred prosecution since 2010? It coincides exactly with investigations into the 2008 financial crisis.
Vladimir Putin says the G20 must address global imbalances together, and economic isolation, especially in the case of sanctions, which not only leads nowhere but is a crude violation of international economic law.
Here are the Russian president’s top takeaways he gave in an interview to TASS ahead of the G20 summit being held in Brisbane, Australia from November 14-15.
A 91-year-old Polish woman was declared dead and spent hours in a morgue before waking up, to the astonishment of hospital staff and relatives. Her demise and resurrection had apparently created an appetite, as she ate soup and pancakes.
Janina Kolkiewicz was declared dead by local medics in a small town of Ostrow Lubelski in eastern Poland, reported TVP public broadcaster. She had no pulse, was not breathing and her eyes didn’t react to light. Continue reading »
In a historic move showing just how profound the collapse in global commodity demand and trade is, earlier today the Sydney Morning Herald reported that Australia’s biggest coal exporter Glencore, which last year concluded its merger with miner Xstrata creating the world’s fourth largest mining company and world’s biggest commodity trader, will suspend its Australian coal business for three weeks “in a move never before seen in the Australian market, to avoid pumping tonnes into a heavily oversupplied market at depressed prices.” Putting this shocking move in context, it is something that was avoided even during the depths of the global depression in the aftermath of Lehman’s collapse, and takes place at a time when the punditry will have you believe that the US will decouple from the rest of the world and grow at 3% in the current quarter and in 2015.
As we explained over the weekend, should the Swiss gold referendum pass successfully, the price of gold will surge. It was none other than JPM who warned that the “markets under appreciate this event”, explaing that “If the referendum is passed, the Swiss National Bank (SNB) will be forced to increase reserves by around 1,500 tonnes over five years, i.e. 300 tonnes per year. This 300 tonnes per year accounts for 7.5% of annual gold demand of 4,000 tonnes per year.”
Well, even as the SNB has been scrambling to make the referendum seem like a non-event, with very little chance of passing, moments ago Deutsche Bank released a piece that roundly refuted everything the Swiss Central Bank has been peddling. To wit, here is a note just out from DB’s Robin Winkler: Continue reading »