What is the Cost of Mining Gold?
http://www.visualcapitalist.com/what-is-the-cost-of-mining-gold
Peter Schiff: The Golden Cycle
"This analysis provides a good representation of the current conventional wisdom. The only twist here is that the article from which this summary is derived appeared in the August 29, 1976 edition of The New York Times. When the gold price approached $100 per ounce, a nearly 50% decline, the obituaries came fast and furious. Everyone assumed that the gold mania would never return. Although the writer of The Times piece did not yet know it, the bottom for gold had been established four days before his article was published. Few realized at the time that the real economic pain of the 1970's had (to paraphrase The Carpenters 1970's hit) 'Only Just Begun'." Continue reading →
Bill Bonner: How Low Can Gold Go?
"The price can easily step back 50% in a bull market... then continue its upward surge. 'At the moment gold shares are not far off pricing in the end of the world,' says Evy Hambro of Blackrock. End of the world? Not quite. The end of the world can come at any time... and at any gold price. But we doubt that it will come on July 1, with gold at $1,200 an ounce. The feds have created an economy that can't be sustained. Because it requires bigger and bigger inputs of cash and credit. Everyone knows this can't go on forever. That's why the Fed is talking about 'tapering.' But you don't 'taper' a major addiction; you have to hit bottom first." Continue reading →
U.S. Spends $16 Billion Every Year To Care For Elderly Prisoners
"By the year 2030, there will be upward of 400,000 elderly prisoners — nearly a third of the projected total penal population. State and federal prisons spend an estimated $16 billion taxpayer dollars a year keeping elderly convicts in the clink…. Nearly a quarter of that price tag – roughly $3 billion taxpayer dollars annually – is devoted to providing health care to sick or drying prisoners. Although prison budgets and balance sheets vary state-to-state, certain jurisdictions offer striking evidence of the immense cost of medical care for elderly prisoners." Continue reading →
The Latest Suburban Crime Wave
"One mother is hauled off to the police station. Another is clapped in handcuffs. The mothers' offenses? They let their kids wait in the car while they ran a quick errand. The laws differ in their particulars, but basically they state that a child under age 6, 7 or, in Utah, 9, cannot be left alone in the car for more than five or 10 minutes. In Nebraska, having your 6-year-old wait in the car is an offense in the same category as allowing the child to be 'deprived of necessary food' or 'sexually exploited.' In Louisiana, a second kid-in-car infraction carries a sentence of not less than one year in prison, 'with or without hard labor.'" Continue reading →
Drone strikes are an order of magnitude deadlier to Afghans than manned aircraft
"A study conducted by a US military adviser has found that drone strikes in Afghanistan during a year of the protracted conflict caused 10 times more civilian casualties than strikes by manned fighter aircraft. The new study, referred to in an official US military journal, contradicts claims by US officials that the robotic planes are more precise than their manned counterparts. It appears to undermine the claim made by President Obama in a May speech that 'conventional airpower or missiles are far less precise than drones, and likely to cause more civilian casualties and local outrage'." Continue reading →
The 21 Places Snowden Has Sent Asylum Requests
"Countries with asterisks have already rejected, on various technical grounds, Snowden's request for asylum in their country." Continue reading →
Lying To Congress Is Legal, If You’re Intelligence Chief James Clapper — Now Apologizing
"The US director of national intelligence, James Clapper, has attempted to head off criticism that he lied to Congress over the extent of government surveillance on American citizens, with a letter to senators in which he apologised for giving 'erroneous' information. Two weeks after telling NBC news that he gave the 'least untruthful answer possible' at a hearing in March, Clapper wrote to the Senate intelligence committee to correct his response to a question about whether the National Security Agency 'collected data on millions of Americans'." Continue reading →
Snowden Issues Statement Condemning Actions of Both Obama and Biden
"For decades the United States of America have been one of the strongest defenders of the human right to seek asylum. Sadly, this right, laid out and voted for by the U.S. in Article 14 of the Universal Declaration of Human Rights, is now being rejected by the current government of my country. The Obama administration has now adopted the strategy of using citizenship as a weapon. Although I am convicted of nothing, it has unilaterally revoked my passport, leaving me a stateless person. Without any judicial order, the administration now seeks to stop me exercising a basic right. A right that belongs to everybody. The right to seek asylum." Continue reading →
Rafael Correa says Ecuador helped Edward Snowden by mistake
"Ecuador is not considering Edward Snowden’s asylum request and never intended to facilitate his flight from Hong Kong, president Rafael Correa said. Snowden was Russia’s responsibility and would have to reach Ecuadorean territory before the country would consider any asylum request, the president said. The president, speaking to the Guardian at the presidential palace in Quito, said his government did not intentionally help Snowden travel from Hong Kong to Moscow with a temporary travel pass. 'It was a mistake on our part,' he added, clashing with expressions of gratitude the 30-year-old fugitive issued hours later, before Correa’s views had been published." Continue reading →
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