Gold closed at 532.00 dollars an ounce on Friday, up 4.6% from the week before. The dollar closed at 0.8466 euros for the week, down 0.8% from 0.8534 at the previous Friday's close. That put the euro at 1.1812 dollars, compared to 1.1718 the previous week. Gold in euros would be 450.39 euros an ounce, up 3.8% from 433.86 at the close of the week before. Oil closed at 59.76 dollars an ounce, up 0.7% from 59.32 the Friday before. Oil in euros would be 50.59 euros a barrel, compared to 50.62 the previous week. The gold/oil ratio was 8.90 at Friday's close, up 3.9% from 8.57 the week before. The yield on the ten-year U.S. Treasury note was 4.53%, up two basis points from 4.51 the previous week. In the U.S. stock market, the Dow closed at 10,778.58, down 0.9% from 10,877.51 the Friday before. The NASDAQ closed at 2,256.73, down 0.7% from 2,273.37 at the previous week's close.
It's happening. Much of what we've been predicting for the past year seems to be taking place. The housing bubble has popped, gold and other precious metals are shooting up in price as those with money are rushing to seek shelter.
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In March 2004 16 year old would-be Palestinian suicide bomber, Husam Abdu, was arrested at the Hawara Israeli check point in the occupied West Bank. At the time, the incident was presented to the world as evidence of the "evil" that the Israeli government was confronting, yet BBC reporter Orla Guerin's description of the affair as "Israel's cynical manipulation of a Palestinian youngster for propaganda purposes" was much more accurate.
"The ultimate weakness of violence is that it is a descending spiral, begetting the very thing it seeks to destroy. Instead of diminishing evil, it multiplies it. Through violence you may murder the liar, but you cannot murder the lie, nor establish the truth. Through violence you murder the hater, but you do not murder hate. In fact, violence merely increases hate...Returning violence for violence multiples violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that." - Dr. Martin Luther King Jr.
Gold closed at 508.40 dollars an ounce on Friday, breaking the $500 barrier and closing up 2.3 percent, after rising 2.2 percent the week before. The dollar closed at 0.8534 euros for the week, down 0.2% from 0.8547 at the previous Fridays close. The euro, in turn, closed at 1.1718 up from 1.1700 the week before. Gold in euros, then would be 433.86 an ounce, up 2.1% from 424.87 the week before. Oil closed at 59.32 dollars a barrel, up 2.2% from 58.03 at the previous Fridays close. Oil in euros would be 50.62 euros a barrel, up 2.1% from 49.60 the week before. The gold/oil ratio would be 8.57 at Fridays close, unchanged from the Friday before. In the U.S. stock market, the Dow Jones Industrial Average closed at 10,877.51 on Friday, down 0.5% from 10,931.62 at the previous Fridays close. The NASDAQ closed at 2,273.37 up 0.5% from 2,263.01 the week before. The yield on the ten-year U.S. Treasury note was 4.51%, up seven basis points from 4.44 the week before.
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The most widely used method for determining the age of fossils is to date them by the known age of the rock strata in which they are found. At the same time, the most widely used method for determining the age of the rock strata is to date them by the known age of the fossils they contain. In this circular dating method, all ages are based on uniformitarian assumptions about the date and order in which fossilized plants and animals are believed to have evolved.
Most people are surprised to learn that there is, in fact, no way to directly determine the age of any fossil or rock. The so called absolute methods of dating (radiometric methods) actually only measure the present ratios of radioactive isotopes and their decay products in suitable specimens - not their age. These measured ratios are then extrapolated to an age determination.
The problem with all radiometric clocks is that their accuracy critically depends on several starting assumptions, which are largely unknowable. To date a specimen by radiometric means, one must first know the starting amount of the parent isotope at the beginning of the specimen's existence. Second, one must be certain that there were no daughter isotopes in the beginning. Third, one must be certain that neither parent nor daughter isotopes have ever been added or removed from the specimen. Fourth, one must be certain that the decay rate of parent isotope to daughter isotope has always been the same. That one or more of these assumptions are often invalid is obvious from the published radiometric dates (to say nothing of rejected dates) found in the literature.
Gold closed at $497.10 an ounce on Friday, up 2.2% from $486.40 at the previous weeks close. The dollar closed at 0.8547 euros, up 0.6% from 0.8495 the week before. The euro closed at 1.1700 dollars compared to $1.1772 at the end of the previous week. Gold in euros, then, would be 424.87 euros an ounce, up 2.8% from 413.18 euros the Friday before. Oil closed at $58.03 a barrel, up 1.4% from $57.21 at the end of the previous week. Oil in euros would be 49.60 a barrel, up 2.1% from 48.60 the week before. The gold/oil ratio closed at 8.57 up 0.8% from 8.50 at the end of the previous week. The yield on the ten-year U.S. Treasury note closed at 4.44%, down six basis points from 4.50 the Friday before. In U.S. stocks, the Dow closed at 10,931.62, up 1.5% from the previous weeks 10,766.33. The NASDAQ closed at 2,263.01, up 2.5% from 2,227.07 the Friday before.
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Excerpted from SOTT Essay: Cult-ivating Terror: A brief analysis of the origins and effects of the cult phenomena in modern society
[...] One religious professor in 1994 well summarized the popular perspectives concerning the identification of "cults" in an online posting, shortly after the tragedy at Waco, that deserves some consideration:
[...] One religious professor in 1994 well summarized the popular perspectives concerning the identification of "cults" in an online posting, shortly after the tragedy at Waco, that deserves some consideration:
Comment: So, when scientists say "footprints are too old to be human," that is a subjective opinion.