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Smart dust: A complete computer that’s smaller than a grain of sand

“Nobody’s ever written a Star Trek episode about the world’s smallest microchip, only about the world’s smallest computer. Now, a team from the University of Michigan has built not just a very small microchip, but a whole functioning computer, and it’s less than a cubic millimeter in size. Called the Michigan Micro Mote, or M3, this tiny computer features processing, data storage, and wireless communication. Researcher Pabral Dutta thinks it will be the ‘next revolution in computing.’ The technology works with a very low-powered and low-range wireless standard to broadcast its latest state every few minutes. To power the M3, researchers fitted it with a tiny solar cell.” Continue reading →

Jim Rogers: Prepare for market panic

“Potential conflict in Syria and the scaling back of Fed stimulus point to a full-scale market ‘mess,’ says investor Jim Rogers, with the countries running trade deficits likely to be hardest hit.” Continue reading →

Indians Who Bought Gold, Won. Those Who Didn’t, Lost.

“The idiot Keynesians who ran the Bank of India destroyed the rupee. In India, fathers buy gold for their daughters’ dowries. They don’t buy rupees. India put a tax on gold imports in a vain attempt to save the rupee. It didn’t work. The government hates it when Indians buy gold. This shows a lack of faith in the government. That lack of faith is well deserved. The government said that Indians who bought gold were making a big mistake. But it turns out that Indians who trusted the government’s rupee made the big mistake. If you think it can’t happen here, you could wind up like all those Indians who have lost a quarter of their wealth in recent months. They believed their government. Silly them.” Continue reading →

Gold’s Protective Power In Action: India’s Ongoing Currency Destruction

“Although the Indian currency has been falling against the dollar for four decades now, it certainly is in an accelerating downtrend lately. The following paragraphs, quotes and charts paint a picture of a country desperately trying to save its economy and currency. The victims of this situation are of course the citizens. In their attempt to run to gold, they are stopped by their own government. How ironic is this situation when looking as an outsider. Did you ask yourself: am I prepared if this situation hits my country? In this global currency war, that just started two years ago and is expected to last till at least 2020, every country will be hit sooner or later. Are you prepared?” Continue reading →

South African labor unrest spreads, gold, construction strikes loom

“Tens of thousands of construction workers prepared to down tools next week and unions in the gold sector also signaled their intention to call a strike over wages. NUM represents about 64 percent of the roughly 140,000 miners in the South African gold industry, where major operators include AngloGold Ashanti, Gold Fields, Harmony and Sibanye Gold. Seshoka also announced that NUM’s 90,000 members in the construction industry would go on strike from Monday. South Africa’s faltering economy is already losing an estimated $60 million a day to a strike by 30,000 workers in the car manufacturing sector that accounts for 6 percent of gross domestic product.” Continue reading →

Gold flows from Britain to Switzerland surge in first half

“Britain’s gold exports to Switzerland surged in the first half of this year, Australian bank Macquarie said on Monday, suggesting bullion being sold out of exchange-traded funds may be heading for Swiss refineries before being sold on in Asia. The UK exported 240 tonnes of gold to Switzerland in May alone, while its exports over the first half of this year totalled 797 tonnes. In contrast, Britain exported just 92 tonnes of bullion to Switzerland in the whole of last year. ‘The UK does not have gold mines, so where has it all come from? The obvious source is the gold exchange-traded funds (ETFs), most of which hold their gold holdings in London vaults, and which saw huge outflows in 1H 2013,’ Macquarie said.” Continue reading →

In Bhutan, a stock trade a day keeps stress away [2009]

“The outside world is coming to Bhutan, slowly. Television arrived here in 1999 and there are now around 10,000 Internet connections in a country of under 700,000 people. Bhutan still has no traffic lights since the first one was withdrawn after protests from residents that it was unsightly. In the stock exchange’s bare trading floor, computers sit on sparse wooden desks. There are no TVs on the walls, no shouts into telephones, no empty coffee cups or discarded paper. Peldon, dressed in traditional Bhutanese dress, typed in her one trade for the day before an 11 am deadline, when buy and sell orders are matched up by computer software that has not been updated since 1993.” Continue reading →

India’s Sonia Gandhi seeks support for law to banish hunger

“Gandhi told MPs to send a message to the world that India was ready to eradicate hunger and malnutrition. ‘The big message which will go out to the country and rest of the world is clear and concrete: that India is taking the responsibility of providing food security of all its citizens,’ she said. ‘Our goal for the foreseeable future must be to wipe out hunger and malnutrition from our country,’ Italian-born Gandhi told lawmakers to applause in the Lok Sabha, the lower house of parliament. Her government says the programme will add 230 billion rupees ($3.6 billion) annually to India’s existing 900-billion-rupee food subsidy bill.” Continue reading →