Posts tagged artificial
JIM ROGERS: “THE WHOLE ‘ECONOMIC’ WORLD IS ARTIFICIAL… IT’S GOING TO END VERY BADLY”
“There is a huge artificial boom going on,” warns Jim Rogers as for the first time in history, all the world’s major central banks are simultaneously printing money. While he remains adamant of the positive outlook for agriculture, the fact that “the whole world is trying to debase their currencies,” produces a “major disconnect” between asset values and economic realities. Stocks are at new highs, not based on reality, but on printing presses “and that cannot work… this is going to end very very badly.” While not all western economies are as egregious as others, the intertwined nature means their fate remains very much tethered to the US, and as Rogers concludes, “everybody will suffer, be very very careful as these are perilous times.”
By Lisa Karpova
Doctors at the Bambino Gesu Hospital in Rome, the Italian capital, have saved the life of a baby of 16 months, thanks to the world’s smallest artificial heart implant. The child, who suffered from dilated cardiomyopathy, underwent surgery last month. However, the results were not published until this week.
In this sense, the surgeon, Antonio Amodeo, said: “This is a milestone,” acknowledging that his team has been involved in helping this baby who “is already part of the family.”
“The patient was in our intensive care unit from the first month of life (…) and was one of us.”
The baby managed to stay alive for 13 days until a donor was found and could be transplanted. However, the only concern was that the child had already been operated on many times, doctors said.
Before the implant, the child also had a serious infection around a mechanical pump that had been fitted earlier to support the function of his natural heart.
Cardiomyopathy is a disease that affects the heart muscle, which normally leads to the shrinking or enlargement of the fibers of the heart. The condition gradually weakens the heart, stopping its ability to pump blood effectively.
The artificial heart was developed by American physician, Robert Jarvik, and is capable of handling a blood flow of 1.5 liters per minute despite its 11 grams.
Doctors said the device had been previously tested only on animals. They needed to obtain special permission from Jarvik and authorities to perform the procedure.
Translated from the Portuguese version and appended by:
By Neil Munro
White House officials are trying to downplay the growing political damage caused by a shrinking federal statistic: the percentage of working-age Americans who actually have jobs.
The increasingly visible statistic shows that roughly 11 million working-age Americans are being excluded from the nation’s formal tally of 13.75 million unemployed Americans.
Today’s 2012 Economic Report of the President attempts to bury the statistic in a 448-page blizzard of statistics, jargon and reassuring comparisons. “In the last 23 months, businesses have created 3.7 million jobs,” says the upbeat report, released at 4 p.m. on a Friday afternoon by the President’s Council of Economic Advisers.
Democrats are touting downward ticks of the formal unemployment rate to 8.3 percent, but Republicans are making an increased effort to highlight the painfully low employment participation rate.
A new chart produced by the Republican Study Committee shows the downward jumps of that job-participation rate, even after President Barack Obama deployed his trillion-dollar stimulus in February 2009, and after Obama declared the summer of 2010 a “Recovery Summer.”
“I expect you will be seeing this chart on the House floor during debates, it will be shown at town hall meetings and in district events,” committee spokesman Brian Straessle told The Daily Caller.
Amid the optimistic text in today’s economic report, the detailed tables reveal a sharp statistical decline.
What would happen if the Federal Reserve was shut down permanently? That is a question that CNBC asked recently, but unfortunately most Americans don’t really think about the Fed much. Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. During this election year, the economy is the number one issue that voters are concerned about. But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve. The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.
The following are 10 things that every American should know about the Federal Reserve….
#1 The Federal Reserve System Is A Privately Owned Banking Cartel
The Federal Reserve is not a government agency.
The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.
The Federal Reserve openly admits that it is privately owned. When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.
In fact, if you want to find out that the Federal Reserve system is owned by the member banks, all you have to do is go to the Federal Reserve website….
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system. So it would be accurate to say that the Federal Reserve is partially foreign-owned.
But until the exact ownership shares of the Federal Reserve are revealed, we will never know to what extent the Fed is foreign-owned.