from Smaul gld:
“I figured out how to put basically the functionality of an M.R.I. machine — a multimillion-dollar M.R.I. machine — into a wearable in the form of a ski hat,” Jepson told CNBC.
So how does she hope to achieve this and is it possible?
Current M.R.I. technology can already see your thoughts: “If I threw you into an M.R.I. machine right now … I can tell you what words you’re about to say, what images are in your head. I can tell you what music you’re thinking of,” Jepsen said. “That’s today, and I’m talking about just shrinking that down,” she added.
by Peter Koenig, Global Research:
Welcome to Hell!” is the slogan with which G20 protesters greet the self-appointed leaders of the world to their summit on 7 and 8 July 2017 in Hamburg, Germany, under Madame Merkel’s auspices to discuss the calamities of our globe and how to resolve them. Never mind that the distress of Mother Earth has been mostly caused by those who represent the West, and now pretend to fix it.
How utterly arrogant – and hypocritical!
In the wake of the summit, police were beating on aggressively against the demonstrators, most of them peaceful, unarmed; but some of them violent and hooded, as old tradition dictates, so they will not be recognized as police themselves or patsies of the police. Many people were hurt, several to the point of hospitalization. And the meeting just began.
by Jim Rickards, DailyReckoning:
Since its beginning in 1999, the G20 had been a mere finance ministers’ meeting. But when the Panic of 2008 hit, President George W. Bush and President Nicolas Sarkozy of France were instrumental in changing the G20 to the leaders’ meeting it is today.
The Panic of 2008 was one of the greatest financial catastrophes in history. In the aftermath of the Lehman Brothers collapse in September 2008, attention turned to a previously scheduled G20 meeting of finance ministers in November.
At the time, the G7 was the leading forum for economic coordination, but China was not in the G7 and its help would be needed to bail out the global economy.
Once China was included, the door was open to other large emerging markets economies, such as India and Brazil. The guest list was expanded and the G20 leaders’ summit was born.
by Alasdair Macleod, GoldMoney:
Gold and silver continued to drift lower this week, with gold falling $20 from last Friday’s close to $1220 in early European trade this morning (Friday), and silver by 75c to $15.87. At this level, silver has lost almost all the gains of 2017, though prices bottomed last December.
The fall in prices has continued after the end of the half year, when the bullion banks have had a history of suppressing prices to window-dress their books. Doubtless a reason will be concocted to justify this price action, and favourite must be the deflationary effects of the Fed running off its mega-balance sheet. But this is to misread the current fragility of the system. We can state categorically that the US and global economies are simply debt junkies, needing increasing amounts of debt, or they die. Does anyone seriously think that the Fed and the other central banks will let this happen?
by Wolf Richter, Wolf Street:
Tougher for workers, rougher for the economy.
The employment data released today beat expectations nicely. In June the economy added 222,000 civilian jobs. April and May numbers were revised up. In total, over the past three months, nonfarm payrolls rose by 581,000 jobs.
This data will do nothing to deter the Fed from proceeding with its tightening plans. The Fed should never have cut its policy rate to zero, or kept it down that long, and it should have never engaged in QE. However, acting as lender-of-last-resort when credit froze during the Financial Crisis — when even GE and IBM had trouble borrowing to meet payroll — was essential to keep the system from collapsing. These short-term loans were not part of QE and were paid back. But the hangover of QE is still on the Fed’s balance sheet.