Monthly Archives: April 2013

Who Ron Paul Blames for the Gold Crash

Posted: April 25, 2013 at 4:42 am

"When that 53,000 contracts sold in one sale, who did that? Was that the President's Working Group on Financial Markets, or somebody else?" Paul said.

Paul seemed to be referring to a comment that BullionVault Vice President of Business Development Miguel Perez-Santalla made to USA Today (USA Today: "Gold Badly Tarnished"), in which he told that paper that "one big seller at the Comex opening" sold 53,000 contracts, triggering the sell-off.

The President's Working Group on Financial Markets is actually a little-understood group that President Reagan created by executive order in March of 1988 as a response to 1987's "Black Monday" crash. Working under the Treasury Department, they periodically recommend reforms of the financial markets.

So did this secretive group, working under a government directive, purposely crash the market by engineering the sale of 53,000 gold contracts as former Representative Paul seems to suggests?

Highly unlikely, say some traders.

"It would be news to me, and a lot of people, if the government's hitting the open market like that," said Jeff Kilburg of KKM Financial. "It's a head-scratcher."

RBC Precious Metals Strategist George Gero said that "there was more to it" than any single sale.

"Since September, we lost open interest in gold steadily," as money "went to better-performing assets," Gero explained. "Gold has been a very poor performer all year, as big triple-digit stock up moves were a headwind."

Dennis Gartman, the editor and publisher of the the Gartman Letter, was similarly skeptical. "The gold market is filled with all sorts of conspiratorialist thinking," Gartman wrote to CNBC.com. "Do I think that the government trades futures in gold? Probably they do when panic hits, but I have my doubts that they want to be the creators of panic."

But the decline in gold has more than one culprit, according to Ron Paul, and he pointed his finger at venerable investment bank Goldman Sachs. The firm made a widely followed and wildly prescient call on April 10th to short gold. In retrospect, the call was itself pure gold, and came just as the shiny metal was about to embark on its worst two-day crash since 1980. After the gold short turned out to be very lucrative very quickly, Goldman reversed course on Tuesday, and instructed clients to cover their bearish bullion bets.

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Libertarianism: What is it? with Gerard Casey – Video

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Libertarianism: What is it? with Gerard Casey
The QUB Libertarian Society is proud to present a recording of a talk given by Professor Gerard Casey in Queen #39;s on Wednesday 17th April. In this talk he out...

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Walter Block defining Libertarianism and Austrian Economics (Relate4ever Publishing interview) – Video

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Walter Block defining Libertarianism and Austrian Economics (Relate4ever Publishing interview)
Walter Block earned his PhD in Economics at Columbia University. He is an author, editor, and co-editor of many books which include Defending the Undefendabl...

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Capitalism is Dead. Long Live Transhumanism. – H+ Magazine

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By: Lee Coburn

Humanity is now entering the fourth economic paradigm. First we were hunter gathers, second farmers, third the industrial revolution. Now the fourth paradigm, where transhuman entrepreneurs, utilizing both neurological and machine augmented intelligence, are replacing capital as the economic driving force in free market economies.

In the last 40 years computers and robots have replaced humans in more than 9 million traditional jobs. This trend is accelerating as Intelligent Self-Educating Computer Systems (ISECS) like WATSON, WolframAlpha, Quora and others are moving from the lab into the cloud.

Humanities golden age? Possibly, but like the start of the industrial revolution it is the transition thats scary, creating unemployment, pain and suffering. Today transhuman entrepreneurs are pulling us into a new age where bioinformatics, nanotechnology, 3D printers, ISECS, and robot slaves will do our work, freeing us for love, play and fun.

For this document we define Transhumans to be free thinking, courageous doers, who, use augmented intelligence, to harness the frontiers of human knowledge and technology.

During the industrial revolution vast amounts of capital were needed to start and build railroads, steel mills, auto factories and giant retail businesses like Montgomery Wards. The world economies were driven by the need for capital, hence the name capitalism. Today most American steel mills have closed, General Motors has filed for bankruptcy, and Montgomery Wards is history.

The fourth economic paradigm is being created by transhuman entrepreneurs who use the internet and advance computer systems to augment their intelligence, enabling them to better utilize our growing scientific and technological knowledge. Look at the market value of companies started by transhumans like Bill Gates, Steve Jobs, Peter Diamandis, Ray Kurzweil, Larry Page, Sergy Brin, Mark Zuckerberg and thousands of others. Rather than needing capital, these companies are generating trillions of dollars of surplus capital.

Golden age of opportunity: Because scientific and technological knowledge is developing exponentially, there are more entrepreneurial opportunities today than at any other time in human history. Best of all. there are no formal educational requirements, school dropouts like Bill Gates, Steve Jobs and other entrepreneurs with even less education outnumber those with Ph. Ds..

Today 90% of all scientists and inventors that have ever lived are alive and working. They are producing more new opportunities every 15 years, then were produced in the last 100. And the last century was very inventive with TVs, computers, space travel, washing machines, airplanes, autos and much more! Check out the website http://www.kurzweilai.net/, where their daily newsletter documents five to twelve new scientific and technological advancements. Many of these discoveries point to new products and industries.

Entrepreneurs themselves are a major source of new opportunities. When the Wright brothers invented the airplane they created opportunities for airplane manufacturers like Boeing. They also created thousands of second tier opportunities. These, for the most part are low tech, like food services, airport support, travel agents and manufacturers of airplane seats, etc.. It is in this second tier where historically businesses have earned the most money and created many new jobs. So, the more entrepreneurs there are, the more new opportunities there will be.

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Capitalism is Dead. Long Live Transhumanism. - H+ Magazine

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FSQ#3: Brain Interfaces to Futurism – Video

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FSQ#3: Brain Interfaces to Futurism
Uploading, cryonics, AI, nanotechnology, landless states, aquaponics, and being a futurist! I talk about all of these topics and more in this latest edition ...

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Levi Niha – Futurism – Video

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Levi Niha - Futurism
Like my Facebook page: http://www.facebook.com/AirwaveDubstepTV Levi Niha - Futurism Levi Niha Soundcloud: http://soundcloud.com/levi-niha Facebook: https://...

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Futurist David Zach @ Napa Education Exchange – Video

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Futurist David Zach @ Napa Education Exchange
Fri 4/19.

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Incredible Astrophoto: Space Station Flies Over Stonehenge

Posted: April 23, 2013 at 6:46 pm

by Nancy Atkinson on April 23, 2013

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International Space Station pass over Stonehenge, Wiltshire UK, April 20, 2013. Credit and copyright: Tim Burgess. Used by permission.

In a gorgeous mix of archeology and space exploration, photographer Tim Burgess captured a stunning view of the International Space Station passing over the historic and iconic Stonehenge on April 20, 2013. Tim said this composite image is composed of 11 shots, 10 sec, f2.8, 400 ISO. As one person commented on Flickr, An amazing feat of human engineering passing over an amazing feat of human engineering, captured by an amazing feat of human engineering.

Thanks to Tim for allowing us to post this image on UT; keep track of Tims photography on Flickr and Twitter. Want to get your astrophoto featured on Universe Today? Join our Flickr group or send us your images by email (this means youre giving us permission to post them). Please explain whats in the picture, when you took it, the equipment you used, etc.

Tagged as: Astrophotos, ISS, Stonehenge

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Incredible Astrophoto: Space Station Flies Over Stonehenge

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Space Station Communications Test Bed Checks Out; Experiments Begin

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WASHINGTON, April 23, 2013 /PRNewswire-USNewswire/ -- NASA's Space Communications and Navigation (SCaN) test bed has begun its experiments after completing its checkout on the International Space Station.

(Logo: http://photos.prnewswire.com/prnh/20081007/38461LOGO)

The SCaN test bed is an advanced, integrated communications laboratory facility that uses a new generation of software-defined radio (SDR) technology to allow researchers to develop, test and demonstrate advanced communications, networking and navigation technologies in space. This radio communication technology is based on a new standard that enables radio characteristics and functionality to be changed simply by altering the software. It can be transferred to any radio built to the standard. The cost savings and efficiency of this new technology will improve NASA's data communications in the future.

"The space station serves as a dynamic test bed for the technologies needed for future human and robotic exploration," said International Space Station Program Manager Michael Suffredini. "SCaN is an example of the technologies that are being matured in low-Earth orbit and used to increase science return of many different types of spacecraft."

Checkout activities completed in February established the status and health of the payload, including the antenna systems and software on each of three SDRs. The test bed will help technology developers and mission planners understand how they will be used in future missions.

"With the development and deployment of this test bed, NASA has enabled significant future advancements by gaining knowledge and understanding of SDR development," said John Rush, technology and standards director for SCaN at NASA Headquarters in Washington. "That has created expertise across the agency that will define and develop the next generation of SDRs for future missions."

Initial experiments under way include advancing in S-band and Ka-band SDR technology and enhancing the capabilities of the existing communications paths, especially in the Ka-band. Researchers expect the test bed to operate aboard the space station for as long as six years.

"The SCaN Test bed represents a significant advancement in SDRs and its applications for NASA," said David Irimies, project manager for the SCaN test bed at NASA's Glenn Research Center in Cleveland. "Investigating these SDR technologies in the dynamic space environment increases their technology readiness level and maturity, which in turn can be used for future missions as risk reduction."

An experiment with NASA's latest Tracking and Data Relay Satellite (TDRS)-K will be the first in-orbit test and demonstration of a TDRS spacecraft acquiring and successfully auto-tracking a Ka-band user in low-Earth orbit.

This reconfigurable in-orbit laboratory provides broad participation to NASA, industry, academia and other government agencies. These experiments will contribute data to the Space Telecommunications Radio Standard Compliant repository and will enable future hardware platforms to use common, reusable software modules to reduce development time and costs.

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International Space Station to fly over Baltimore this week

Posted: at 6:46 pm

Spot the International Space Station moving across the night sky this week. Chances arise the next three nights, but the best viewing opportunity Wednesday is possible to coincide with rain and thunderstorms.

Look tonight at 8:59 p.m., Tuesday at 9:45 p.m. and Wednesday at 8:54 p.m. In each case, the space station will appear brighter than a star moving steadily across the sky, first appearing on the northwestern horizon.

Wednesdays will be the best chance, with the spacecraft taking a path directly overhead and at its brightest. But forecasts are calling for a 50 percent chance of rain Wednesday night, according to the National Weather Service.

It takes about 6 minutes for the space station to cross the sky, but Tuesday's opportunity will be only about half that before the space station disappears into the shadows.

Given all that, you might want to spot the space station Monday while you have the chance. It will stay low in the sky, passing eastward through the constellations Cassiopeia and Ursa Minor, better known as the Little Dipper.

Look out for Jupiter low in the western sky while you're out there.

The space station's current crew, on Expedition 35, is led by Canadian space agency astronaut Chris Hadfield and includes NASA astronauts Tom Marshburn and Chris Cassidy, both flight engineers.

The space station could soon gets its first reinforcements from a commercial spacecraft after a successful launch of Orbital Sciences Corp.'s Antares rocket Sunday. The rocket launched at 5 p.m. after several delays in the preceding days.

"Today's successful test marks another significant milestone in NASA'splan to rely on American companies to launch supplies and astronauts tothe International Space Station, bringing this important work back tothe United States where it belongs," NASA Administrator CharlesBolden said in a statement.

A demonstration mission for Orbital Sciences to resupply the space station is scheduled for later this year.

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