Been on vacation for a bit and now I’m back, hope this finds you well wherever you are !
Here is a roundup of stories that caught my eye during the last 5 weeks as I always try to keep an eye on what’s going on even if I’m not actively posting….
Canada dumps gold– can’t say this seems prudent given the global environment we’re in now- you could argue we have this luxury being a producer but nevertheless having zero reserves is questionable (esp when noting how gold has performed well in the first part of 2016 and over the last 8 years)……
UK to hold referendum June 23rd on whether to leave the EU
Mario Draghi, head of the European Central Bank, is looking at eliminating the €500 note using crime and money laundering as a reason; unfortunately it’s rather disingenuous and prudent analysts are saying that this is really just another step towards the elimination of all cash in order to have more control over people. The only way to get people to accept the madness of negative interest rates seems to be to close the exits and eliminate cash as an option to opt out of a system of central control which has terrible implications for personal freedom…..it’s important that people are aware of this as it seems that most people are being seduced by the lure of convenience and not realizing that they are slowly being squeezed …….if you want to read a bit more about the negative interest rate madness and the trends against cash check out this recent Bloomberg article
also to see the issue on more simple terms check out this one “Why are Zero Interest Rates Bad?”
Safes sell out as a way to store cash- Japan’s citizens recent response to negative rates
cashless society marches on….Mastercard now wants to bring facial recognition software to Canada for payments via smartphones
Colonoscopies no longer recommended as routine screening as health care model evolves
E-Cig vaporisers receive a fail , cancer causing chemicals abound
LA Hospital pays hackers to restore computer network
Walmart now charges for plastic bags in Canada
amazing time lapse photo!
Serengeti National Park, Tanzania, Day to Night, 2015. Courtesy of National Geographic/ Stephen Wilkes