Elon Musk Wants to Use Rockets for Intercity Travel on Earth

TheMerkle Elon Musk Rocket TravelEveryone will agree Elon Musk is a visionary who isn’t afraid of throwing some wild ideas around. One of his new projects would allow humans to travel between different cities with rockets. It would certainly be an interesting way to address traffic congestion, although traveling by rocket sounds pretty scary. The big question is whether or not this plan is feasible to begin with, and if so, how it could be achieved in a safe and affordable manner. Elon Musk has a new pet Project While no one will deny Elon Musk is by far one of the bolder visionaries our society

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“They Won’t Know What Hit Them” Shocking Undercover Footage Exposes Antifa’s “Premeditated” Violence

As if the public needed any more evidence that violence is a central part of Antifa’s mission, conservative comedian Steve Crowder has published footage that he and his producer surreptitiously recorded after infiltrating a local Antifa cell and accompanying it to a protest at the University of Utah.

The shockingly candid footage offers a disturbing glimpse into the innerworkings of Antifa – a loosely organized band of far-left agitators – and the central tenant of violent resistance that encapsulates the group’s philosophy. The footage primarily focuses on a transgender woman, the purported leader of a small cell of Antifa protesters, who can be heard telling Crowder’s producer that she’s armed with a handgun, and that she expects reinforcements to arrive later with “two AKs”. The organizer can also be heard recommending that Crowder’s producer buy a small blade at a military surplus store and strap it to his ankle “just in case.”

What they show appears to confirm that the group protesters were planning to disrupt a speaking event hosted by conservative commentator and Daily Wire founder Ben Shapiro, whom Antifa has accused of being a nazi despite the fact that he is Jewish. Shapiro’s recent appearances at UC Berkeley and other university campuses drew protests, with demonstrators labeling him a “fascist.”

But perhaps the most surprising thing about the footage was the fact that mainstream media reporters AND police essentially told Crowder & Co. to get lost when they shared it with them.

In another shocking excerpt, the Antifa leader – whom Crowder didn’t name because he said he didn’t want to “dox” anybody, though he added that police have confirmed that they have been monitoring her – described a plan to lure right-wing demonstrators to a secluded area where, presumably, they would be attacked by Antifa.

“Plain clothes, hard tactics, I don’t think they’ll know what hit them. Because they’re not prepared for what we’re planning,” the organizer says at one point.

In the video, another unnamed Antifa member who goes by the pseudonym Clark can be heard explaining that the difference between Antifa and other activist groups is a “willingness to respond with violence.”

As we’ve reported time and time again, Antifa protesters have been inciting violence across the country since Trump’s upset victory in November, beginning with protests during Trump’s inauguration that quickly turned violent in destructive.

According to Fox 13 News in Salt Lake City, Crowder published the undercover video Thursday that purports to show far left-wing protesters distributing weapons ahead of the speech. Crowder’s production team presented the video to police moments after it was recorded.

Yet after evaluating the video, the police determined that there was no credible threat.

“Police looked at the video, evaluated other information available to them, and determined the individuals did not pose a credible threat that warranted action,” Nelson told Fox 13 News.

Similarly violent clashes instigated by members of the far-left group erupted on the campus of UC Berkeley in early February, where members of the group hurled Molotov cocktails and attacked “facists” and “nazis” who were attending a speaking event by Milo Yiannopoulos, causing extensive property damage on campus.

While both the mainstream media and more mainstream leftists initially defended the group, public sentiment has soured on the group.

Several media organizations – including the LA Times, Washington Post, the Atlantic, Bloomberg and the Wall Street Journal – have criticized the group’s violent tactics. A month ago, it was reported that the FBI and the Department of Homeland Security classified Antifa as a “domestic terrorist” group in internal communications that described them as “primary instigators of violence at public rallies” going back to at least April 2016 when the reports were first published.”

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Bali urges many who fled volcano to return home

Sat, 2017-09-30 03:00

KLUNGKUNG, Indonesia: Authorities were trying to convince more than half of the 144,000 people who fled a menacing volcano on the Indonesian island of Bali to return home Saturday, saying they left areas that are safe.
The Mount Agung volcano on Bali, a tourist hotspot known for its lush interior, Hindu culture and beguiling beaches, has been at its highest alert level for more than a week, sparking an exodus from an official danger zone and areas farther away.
Authorities say the no-go zone, which in places extends 12 km from the crater, is the area at risk of lava, lahars and searing hot clouds of ash, gases and rock fragments if there is a powerful eruption.
“Those who live outside the danger zone, we urge them to go back home and carry on with their daily lives,” said Putu Widiada, head of the disaster mitigation agency in Klungkung district south of the volcano where some 22,000 people have fled. “We are trying to identify those who lived outside the danger zone.”
Bali’s governor has warned that people leaving what the government classifies as safe villages have become a “burden” on genuine evacuees and the temporary shelters set up to receive them.
Agung’s last eruptions in 1963 produced deadly clouds of searing hot ash, gases and rock fragments that traveled down its slopes at great speed. Lava spread for several kilometers and people were also killed by lahars — rivers of water and volcanic debris. About 1,100 people died in total.
Archive footage of the 1963 eruption shows buildings with roofs shredded by falling debris, a massive plume of ash gushing sideways from the crater and children in a row of hospital beds with their arms and legs bandaged.
Government volcanologists last week warned Agung could erupt at any time following a dramatic increase in tremors from the mountain.
Despite the government warning of temporary camps being overburdened, three visited by Associated Press reporters on Saturday were calm and orderly.
“I will stay here for as long as it takes,” said Suryani, a mother of two living with extended family in a tent on the grounds of a public sports center that is the main camp in Klungkung district.
Inside the center, families whiled away the time on mattresses, watching a giant TV screen, while cheerful music blared in the background.
“They are treating us well. I don’t want to go home if the mountain hasn’t exploded yet,” said Suryani, who goes by one name and is from a village inside the danger zone.
She said she sympathized with people who had fled from areas designated as safe by officials.
“If it’s not safe yet, they should allow them to stay,” she said. “We can stay here together so they’re not in danger.”
At another smaller temporary camp, officials said a dozen people had left of their own accord after the Bali governor’s statement and they were in the process of identifying others who can go home but would not compel them to.
Widiada, the disaster official, said longer-term plans for evacuees from the so-called red zone are still being worked out.
“This is a temporary shelter so it’s not as comfortable as your own house but we are trying to make it as good as we can by providing entertainment, counselors, a school for the children.”
Agung, about 70 km to the northeast of the Kuta tourist mecca, is among more than 120 active volcanoes in Indonesia. Another volcano, Mount Sinabung on Sumatra, has been erupting since 2010.
Officials say tourists on Bali, which had nearly 5 million visitors last year, are not in danger but they have prepared evacuation plans if ash fall from an eruption forces the closure of the island’s international airport.
Indonesia, an archipelago of thousands of islands, is prone to seismic upheaval due to its location on the Pacific “Ring of Fire,” an arc of volcanoes and fault lines encircling the Pacific Basin.

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China Catalyst To Send Gold Over $10,000 Per Ounce?

China Catalyst To Send Gold Over $10,000 Per Ounce?

Jim Rickards is on record forecasting $10,000 gold.

But is China about to provide the catalyst to send gold even higher? And by how much?

Today, we fare forth in the spirit of speculation… follow facts down strange roads… and arrive at a destination stranger still…

China — the world’s largest oil importer — struck lightning through international markets recently.

According to the Nikkei Asian Review, China has plans to buy imported oil with yuan instead of dollars.

Exporters could then exchange that yuan for gold on the Shanghai Gold Exchange.

Not only would the plan bypass the dollar entirely… it would restore gold’s role in international commerce for the first time since 1971, when Nixon hammered the last nail through Bretton Woods.

If the rumors hold true, China’s plan could enter effect by the end of this year.

Billionaire business magnate and sound money advocate Hugo Salinas Price ran China’s plan through his calculator.

It turned up a basic math problem that spells drastically higher gold prices — if the plan is to work.

Details to follow.

But first some background on oil and gold… a brief detour down Bretton Woods Lane…


By 1970, it was evident to those running the U.S. that it would very soon be necessary to import large quantities of oil from Saudi Arabia. Under the Bretton Woods Agreements of 1945, the immense quantities of dollars that would shortly flow to Saudi Arabia in payment of their oil would be claims upon U.S. gold, at the time quoted at $35 an ounce. Those claims would surely deplete the remaining gold held by the U.S. Treasury in short order.

Washington found itself on the sharp hooks of a dilemma…

Dramatically raise the price of gold to limit redemptions — and devalue the dollar in the process — or repudiate its commitments under Bretton Woods.

Dishonor, that is… or dishonor.

It chose dishonor.

Price again:

To continue under the Bretton Woods monetary system would have meant that the U.S. would have been forced to raise the price of gold to an enormous figure in order to reduce the amount of gold payable to the Saudis to a tolerable level. But raising the dollar price of gold in that manner would have constituted a great devaluation of the dollar and collapsed its international prestige; that in turn would have ended the predominance of the U.S. as the No. 1 power in the world. The U.S. was not willing to accept that outcome. So Nixon “closed the gold window” on Aug. 15, 1971.

If China is willing to trade gold for oil under its latest plan, a similar dynamic enters play.


China takes aboard some 8 million barrels of oil a day.

That’s 2.92 billion barrels per year — nearly 3 billion in all.

But China holds only a few thousand metric tons of gold (officially about 1,850. Some estimate the true figure much higher).

You see the problem, of course.

China rapidly depletes its gold reserves if too many oil exporters choose to exchange yuan for gold.

If the plan’s to be sustainable at all, gold must rise — drastically — in order to balance the vast amounts of oil it’s supporting.

As Price explains, “To balance the mass of oil received by China against a limited amount of available gold… it will be necessary for gold to skyrocket upward in yuan terms and, necessarily, in dollar terms as well.”

Price crunched the numbers…

One ounce of gold (about $1,300) currently fetches 26 barrels of oil (about $50 per).

One barrel of oil is worth 1.196 grams of gold.

Price calls this ratio “an unsustainably low purchasing power of gold vis-a-vis oil.”

Only a drastically higher gold price would render the plan plausible.

How far would gold have to climb before the relationship was stable in Price’s estimate?

Ten times. Thus, Price arrives at a reasonable gold price:

$13,000 per ounce.


At $13,000 per gold ounce, one barrel of oil, at $50, will be bought with 0.1196 grams of gold; perhaps we may see $13,000 per oz gold in the not distant future.

Here, a road map to $13,000 gold.

We don’t know if Price’s figure is correct.

But if not $13,000, it seems gold would have to rise dramatically if Price’s thesis is correct — or else China’s plan collapses.

We can only conclude that China knows the implications of the math.

$13,000 gold also means a massive devaluation of the yuan.

China prefers a weak yuan to goose exports. But a worthless yuan?

The plan may prove a mirage in the end for all we know.

But if the plan does proceed… Jim Rickards’ $10,000 gold prediction might be vindicated — fully and then some.

By Brian Maher, Managing editor, The Daily Reckoning


Gold Prices (LBMA AM)

28 Sep: USD 1,284.30, GBP 961.04 & EUR 1,091.40 per ounce
27 Sep: USD 1,291.30, GBP 963.83 & EUR 1,099.54 per ounce
26 Sep: USD 1,306.90, GBP 969.59 & EUR 1,105.38 per ounce
25 Sep: USD 1,295.50, GBP 957.89 & EUR 1,089.26 per ounce
22 Sep: USD 1,297.00, GBP 956.15 & EUR 1,082.09 per ounce
21 Sep: USD 1,297.35, GBP 960.56 & EUR 1,089.00 per ounce
20 Sep: USD 1,314.90, GBP 970.53 & EUR 1,094.79 per ounce

Silver Prices (LBMA)

28 Sep: USD 16.82, GBP 12.53 & EUR 14.28 per ounce
27 Sep: USD 16.89, GBP 12.58 & EUR 14.38 per ounce
26 Sep: USD 17.01, GBP 12.67 & EUR 14.43 per ounce
25 Sep: USD 16.95, GBP 12.57 & EUR 14.27 per ounce
22 Sep: USD 16.97, GBP 12.52 & EUR 14.18 per ounce
21 Sep: USD 16.95, GBP 12.58 & EUR 14.24 per ounce
20 Sep: USD 17.38, GBP 12.84 & EUR 14.48 per ounce

Recent Market Updates

– Financial Advice From Man Who Made $1+ Billion in 1929 – Importance Of Being Patient and “Sitting”
– “Gold prices to reach $1,400 before the end of the year” – GoldCore
– Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder
– Bitcoin “Is A Bubble” but Gold Is Money Says World’s Biggest Hedge Fund Manager
– Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms
– Gold Investment “Compelling” As Fed May “Kill The Business Cycle”
– “This Is Where The Next Financial Crisis Will Come From” – Deutsche Bank
– Global Debt Bubble Understated By $13 Trillion Warn BIS
– Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials
– Gold Up, Markets Fatigued As War Talk Boils Over
– Oil Rich Venezuela Stops Accepting Dollars
– Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today
– British People Suddenly Stopped Buying Cars

Important Guides

For your perusal, below are our most popular guides in 2017:

Essential Guide To Storing Gold In Switzerland

Essential Guide To Storing Gold In Singapore

Essential Guide to Tax Free Gold Sovereigns (UK)

Please share our research with family, friends and colleagues who you think would benefit from being informed by it.

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Roadside bombs in Afghanistan kill cop, civilian

Sat, 2017-09-30 03:00

KABUL: At least two people including a police officer were killed by roadside bombs in Afghanistan’s western Herat province, a provincial official said Saturday.
Gelani Farhad, spokesman for Herat’s provincial governor, said another officer was wounded when a police vehicle triggered the explosive in the Adraskan district.
In a separate incident, Farhad said a civilian motorcycle hit a roadside bomb, killing one civilian and wounding another in the Shindand district.
In yet another report from northern Kapisa province, at least nine civilians were wounded when a bicycle bomb exploded in a bazaar, said Qais Qaderi, spokesman for the provincial governor. Two small children were among the wounded, including one who was in critical condition, he said.
No one immediately claimed responsibility for the attacks in Herat or Kapisa.
In a separate report from southern Kandahar province, a woman was killed after a civilian vehicle came under attack by unknown gunmen, said Niamat Khan, director of the regional Kandahar hospital. He said five others were wounded in the attack that took place in Shah Wali Kot district.
Late on Friday, Daesh on its Amaq news agency claimed responsibility for a suicide bombing outside a mosque in Kabul after Friday prayers. It said Zaid Al-Khorasani, an Afghan, carried out the attack in which authorities say at least five people were killed and 29 others wounded.
Najib Danish, spokesman for the Interior Ministry, said three people suspected of being involved in the attack have been arrested, and an investigation was underway.
The attack took place two days before the day of Ashura, but Afghanistan has faced a series of large-scale attacks in recent months targeting minority Shiites. Last month, militants stormed a packed mosque in Kabul during Friday prayers in an attack that lasted for hours and ended with at least 20 worshippers killed and another 50 seriously wounded many of them children. Daesh claimed it was responsible.
Additional police forces have been deployed by the Interior Ministry, especially around mosques in different provinces of the country, ahead of the Ashura holy day Sunday.

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Journalism Is Broken – Twitter, Trump, & The NYTimes

Authored by Chris Arnade via,
Leaving Twitter means people send you articles about others who leave Twitter, so I saw the story of a NY Times reporter leaving Twitter, and then the follow-up analysis of what that means. That analysis article…

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Oxford college removes Suu Kyi portrait

Sat, 2017-09-30 13:43

LONDON: The Oxford University college where Aung San Suu Kyi studied said Saturday it had taken down a portrait of the Myanmar leader, a decision that follows widespread criticism of her over the Rohingya crisis.
The portrait, which was on display in the main entrance of St. Hugh’s College, has been placed in storage and was replaced on Thursday with a new painting gifted by Japanese artist Yoshihiro Takada.
Nobel Peace Prize laureate Suu Kyi studied at St. Hugh’s, graduating in philosophy, politics and economics in 1967 before completing a masters in politics in 1968.
“We received a new painting earlier this month which will be exhibited at the main entrance for a period,” the college said in a statement.
“The painting of Aung San Suu Kyi has meanwhile been moved to a secure location.”
The university did not say whether the removal was linked to the ongoing crisis in Myanmar’s western Rakhine State.
Communal violence has torn through the state since Muslim minority Rohingya militants staged deadly attacks on police posts on Aug. 25.
An army-led fightback has left scores dead and sent around half a million Rohingya fleeing the mainly Buddhist country into neighboring Bangladesh.
The UN describes the situation as “ethnic cleansing.”
The removal of the 1997 portrait by the Chinese artist Chen Yanning comes a few days before new students arrive at the college to start their courses.
The portrait belonged to Suu Kyi’s husband, the Oxford academic Michael Aris, and was bequeathed to the college after his death in 1999.
St. Hugh’s also counts British Prime Minister Theresa May among its alumni.

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Meanwhile, Bitcoin Soars 40% From Post Dimon, China Lows

Whatever doesn’t kill bitcoin – and many have tried in the past month to do just that – has a habit of making it stronger, and two weeks after the cryptocurrency crashed 40% from an all time high of $5,000 to less than $3,000 when first China banned ICOs and exchange trading of cryptocurrencies, then Jamie Dimon called it a fraud, the BIS said it has no future unless it is subsumed by central banks, days after South Korea likewise ordered an end to ICOs, the SEC filed the first ever civil charges against companies raising capital through ICOs and Switzerland announced it too was cracking down on ICOs, bitcoin has soared over 40% from its lows, and its price is now back where it was before the Chinese crackdown.

… while ethereum, now back over the resistance level of $300, has staged a similar remarkable rebound despite constant attempts to crush both cryptocurrencues and end ICOs (which as we said several months ago, will likely make ethereum more attractive in the long run as the outright criminal scams associated with ICOs become a distant memory).

As Mate Cser points out, Bitcoin is “getting closer to the $4400 resistance after leaving behind the $4150 level, with the most valuable cryptocurrency being in the forefront of the advance yet again. BTC is the closest to its all-time high among the majors, as it is up by more than 40% since hitting the bottom. With several strong support/resistance levels already below the current price, $4000, $3800, and $3500, the coin looks poised to test the all-time high near $5000 in the coming weeks.”

Meanwhile, as if responding directly to a recent report from Macquarie’s Viktor Shvets who said that “modern finance” – with global financial instruments of $500 trillion, or 5x global GDP, not bitcoin, is the true fraud...


… and that the real danger is not bitcoin, but the reserve status of the dollar, on Friday, Philly Fed president Harker said that Bitcoin and other cryptocurrencies are “unlikely to weaken the Fed Reserve’s influence on the U.S. economy.” He is right: the Fed is perfectly capable of doing that on its own, especially if Yellen makes a few more admissions how inflation is a mystery.

Harker spoke at a fintech event hosted by the Philadelphia Fed.

While some have worried that the rise of a cryptocurrency would make it harder for the Fed to manage the rate of inflation, Harker showed that he isn’t concerned about the prospect. Onstage, he went so far as to contend that bitcoin has yet to be tested by a real catastrophe, but that when one happens, people will be more likely to flock to government-backed money.

The paper that’s in your pocket, that we call money, only has value because we believe it has value, because we believe the government stands behind it. It’s all trust issues,” Harker said.

“And so, when cryptocurrencies and other forms of currency emerge, I think the basis of that has to be how do they create that trust?”

Some could counter that the Fed’s $4.5 trillion in QE has also yet to be tested by a real catastrophe, and should it fail the test, the consequences for the US currency would be catastrphic.

Harker also acknowledged that while citizens have put varying degrees of trust in what he called the “sovereign states” that stand behind currencies today, other currency models might be possible. This includes, he said, ways in which trust might come from another “large player,” or as in the case of bitcoin, an algorithm.

But, as Coindesk noted, his most pertinent critique was perhaps that cryptocurrencies have not been significantly tested enough to ensure confidence. Despite issues such as the collapse of Mt. Gox, once the bitcoin’s network’s largest exchange, or the ongoing bitcoin scaling debate, Harker argued that cryptocurrency has been largely insulated from “bad times.”

“Everything can work in good times,” he added, although he may have been envisioning the global stock market which is at all time highs only thanks to trillions in liquidity injections by central banks.

This leads to the second reason Harker said he’s not concerned about cryptocurrency hamstringing the Fed’s monetary influence: If – and, according to Harker, when – things go wrong, the Federal Reserve and other state agencies will likely be asked to get involved anyway.

“When things really go bad, where do Americans turn?” he asked “Well, they’re going to come back to the government. That’s the history of the country.”

Translated: when, not if, a new crisis comes it will be up to US taxpayers to inject trillions to keep the system going. Again.

Separately, Harker also discussed cryptocurrency regulation. The Philly Fed president was asked how the Federal Reserve might assist or advise on such a strategy. (The Federal Reserve has previously noted that it does not have the authority to directly regulate the technology.) On this point, he was inconclusive, suggesting any ideation is today in early stages.

“How do you regulate an algorithm?” he asked, drawing laughs from the audience. “I don’t know yet. The answer is we have to continue to study this.”

Still, that doesn’t mean there aren’t possible next steps. For example, those studies might include looking more closely at how another algorithm, perhaps one created by the Federal Reserve, might ensure fairness in mathematical form, something Harker said is crucial to any potential cryptocurrency controls.

He concluded: “Before we even think about how you regulate an algorithm, how would you even build an algorithm that would have that sense of fairness in it? It is a fairly deep technical question.”

Ah yes, the Fed which itself admitted last week it has made America’s “Top 1” 70% wealthier than the “Bottom 90%”


… opining on matters of fairness. Brilliant.

Meanwhile, the cryptosurge continues.

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Criminals Pocket $63,000 by Mining Monero Using Hijacked Windows Servers

Monero mining has gotten somewhat of a bad reputation over the past few months. Although the currency itself is perfectly […]

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