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UNIDO estimates that mercury amalgamation from this kind of gold mining results in the release of an estimated 1,000 tons of mercury per year, which constitutes about 30 percent of the world’s anthropogenic mercury emissions. It is estimated that between 10 and 15 million artisanal and small-scale gold miners worldwide, including 4.5 million women and 600,000 children .
According to UNIDO, as much as 95 percent of all mercury used in artisanal gold mining is released into the environment, creating a danger on all fronts—economic, environmental and human health (2005). Covered by the 2008 World’s Worst Polluted Places Report, ASM still threatens today’s world environment and public health.
H/t reader kevin a:
“And they worry about carbon emission??”
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And what could possibly go wrong?
Germany holds 25% of global shipping loans as industry collapses.
H/t reader squodgy.
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“Get prepared,” warns billionaire commodity guru Jim Rogers, “because we’re going to have the worst economic problems in your lifetime and a lot of people are going to disappear.” In this wide-ranging interview with MacroVoices’ Erik Townsend, the investing legend discusses everything from whether Russia is being scapegoated (“yes, ask Victoria Nuland”), the war against cash (“governments love it… they want to control everything”), to his views on gold and the demise of freedom.
Full podcast below:
Are Russians the bad guys?
Well I do know that during the last administration, Mr. Obama’s administration as you probably remember we started, we tried to pull of an illegal coup in Ukraine, we got caught at it, what’s her name, Victoria Nuland, whatever the woman’ name the State Department they have there several pieces of evidence where we know she tried to instigate an illegal coup then of course the Russians outsmarted us and so the State Department started blaming it on the Russians and the hype against the Russians has gotten bigger and bigger ever since after we started– or tried to start, tried to instigate the illegal coup Crimea and Ukraine.
In the shadow of Donald Trump’s spree of controversial actions, the European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years.The financial uncertainty amplified by Brexit has incentivized governments throughout Europe to seize further control over their banking systems. France and Spain have already criminalized cash transactions above a certain limit, but now the commission has unilaterally established new regulations that will affect the entire union. The fear of physical money flowing out of the trade bloc has manifested a draconian response from the State. Continue reading »
Intel CEO Brian Krzanich announced at the White House that the company is investing $7 billion to complete its Fab 42 in Chandler, Arizona. The investment will prepare the fab for 7nm production. Krzanich proclaimed that “we support the Administration’s policies to level the global playing field and make U.S. manufacturing competitive worldwide through new regulatory standards and investment policies.” The statement comes amidst Intel’s disagreement with the current administration’s immigration policies. Intel’s stance made news this week as the company became a vocal opponent of President Trump’s policy. Continue reading »
Interest rates may need to rise “soon” to keep a lid on inflation if the UK economy continues its “remarkably solid and stable” performance, according to a top Bank of England policymaker.
Kristin Forbes will use a speech in Leeds on Wednesday to say signs of an imminent slowdown in the economy are “as yet few and far between” as she describes the UK as a “star performer” relative to other major advanced economies.
Policymakers upgraded their forecasts for growth over the next three years in the Bank’s February Inflation Report and said the unemployment rate was likely to remain below its pre-crisis levels for the rest of the decade. Continue reading »
Jeff is interviewed by Richie Allen for the Richie Allen Show, topics include: the upcoming Anarchapulco conference, highlights and details, the Trump presidency, mixed signals, twitter based president, ‘free trade’ deals, a Jesuit connection, staged events masquerading as news, no fed audit, Trump vs the globalists, refilling the swamp, protectionist policies destroy the economy, isolationism, free movement of labor vs the big state, NATO terrorism, Brexit still unfolding, the elites losing control, the future of the European union, Obama and the anti-war left, the anti-Trump movement and possible Calexit, possible increase in the police state, bring more freedom into the world.
H/t reader squodgy:
“We have true Democracy in UK.
If the people vote unacceptably to the wishes of the establishment, they are totally ignored, yay!
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Shortly after Starbucks CEO Howard Schultz penned a letter in which he promised to hire 10,000 refugees over the next five years in the aftermath of Trump’s immigration executive order, a veteran-run coffee company has issued a rejoinder to Starbucks, promising to hire 10,000 veterans itself according to Fox News.
Black Rifle Coffee Company, or BRCC, which describes itself as a “premium small-batch, roast to order, veteran owned and operated coffee company” responded to Starbucks – or “Hipsterbucks” as they call the global coffee chain – announcing a pledge via Instagram to hire 10,000 veterans. This is what CEO Evan Hafer tweeted on Wednesday.
— Black Rifle Coffee (@blckriflecoffee) February 1, 2017
The company’s announcement was greeted on Twitter, especially by those who viewed Starbucks’ announcement as hypocritical: Continue reading »
A federal appeals court denied early on Sunday a request from the Department of Justice to immediately restore President Trump’s executive order on immigration and refugees, asking for more court filings before it rules on the matter.
As reported on Saturday night, the DOJ had filed court papers hours earlier seeking an immediate reversal of a ruling Friday against the executive order by U.S. District Judge James Robart of Seattle. Shortly after, the strongly liberal Ninth Circuit Court of Appeals denied the request for an immediate ruling, and instead called for written responses to the appeal to be filed with the court later Sunday and Monday. It was awaiting further submissions from Washington and Minnesota states on Sunday, and from the government on Monday. Continue reading »
Bilderberger George Osborne appointed Mark Carney (Freemason, Goldman Sachs, Bilderberger) to be governor of the Bank of England.
H/t reader squodgy:
“Classic Poacher turned Gamekeeper.
Can you believe this man?
As a senior cog in the Bank that co-ordinated, mastered and milked the sub-prime debacle of lending money to unworthy risk borrowers, then fed off the QE process, he is now telling the lenders (while interest rates are still rock bottom) that they are lending too much…..
- Bank of England Governor Mark Carney was speaking last night in London
- Called low interest rates – 0.5 per cent since 2009 – a ‘tremendous burden’
Ultra low interest rates could damage the economy by encouraging excessive household borrowing, Mark Carney admitted last night.
The Governor of the Bank of England also said he is ‘fully aware’ the policy is not without considerable risks, putting ‘a tremendous burden’ on the Bank as it battles to restore the economy to health.
Speaking at the Mais Lecture in the Cass Business School in London, Mr Carney warned: ‘An environment of relatively low and predictable interest rates could encourage excessive risk taking in financial markets and by households. Continue reading »
As previewed earlier today, moments ago President Trump signed two executive orders aimed at starting the process of rolling back the regulatory system put in place after the financial crisis.
Among the targets are rules that protect against predatory lenders, force brokers to lower fees for retirees and ban proprietary trading. Specifically, Trump took executive action ordering the review of Dodd-Frank rules enacted after 2008 financial crisis, and halting the “fiduciary rule” that would require advisers on retirement accounts to work in the best interests of their clients.
— FOX Business (@FoxBusiness) February 3, 2017
Wall Street CEOs such as Lloyd Blankfein and Jamie Dimon, tired of being constrained from blowing up the financial world with undue government regulations and relying almost entirely on NIM which stubbornly refuses to rise, have been pushing for changes for years, arguing that the industry has been too constrained by the system put in place by the 2010 Dodd-Frank Act. After Trump focused on limiting trade and immigration during his first two weeks in office, policies opposed by many in the financial industry, the president’s stroke of a pen unleashes a process to undo many of the rules they find most “irksome” as Bloomberg put it.
“We’re going to attack all aspects of Dodd-Frank,” Gary Cohn, former Goldman president director of the White House National Economic Council, said Friday in an interview with Bloomberg Television. “We are going to engage the House, we’re going to engage the Senate. They are equally interested in reforming some of the regulatory processes as well. We can do quite a bit without them, but the more help we get from Congress the better off we’re all going to be.”
Meanwhile, Elizabeth Warren – rightfully according to some – lashed out at Trump for rushing to undo the key Wall Street regulations, and issued a statement in which she said “The Wall Street bankers and lobbyists whose greed and recklessness nearly destroyed this country may be toasting each other with champagne, but the American people have not forgotten the 2008 financial crisis.” Continue reading »