Two years ago, we interviewed Kirk Sorenson about the potential for thorium to offer humanity a safe, cheap and abundant source of energy.
He is an active advocate for developing liquid fluoride thorium reactor (LFTR) technology, the details of which were covered in our earlier podcast: A Detailed Exploration of Thorium’s Potential As An Energy Source. That interview concluded with Kirk’s observation that the West could have a fully-operational LFTR reactor up and running at commercial scale within a decade, but it won’t, because it is simply choosing not to prioritize exploring its potential.
But that doesn’t mean other countries are ignoring thorium’s promise.
Kirk returns this week to relay what has happened in the thorium space since our last conversation. The East, most notably China, is now fully-mobilized around getting its first reactor operational by as soon as 2020. If indeed thorium reactors are as successful as hoped, the US will find itself playing catch up against countries who suddenly hold a tremendous technology advantage:
Labor Day is a holiday that has outlived its time. Like Christmas, Labor Day has become a time-out period. As Christmas has become a shopping spree, Labor Day has become the last summer holiday.
The holiday originated in 1887 to celebrate the contribution made by American workers to the strength and prosperity of the United States. The first Monday in September was chosen by President Grover Cleveland to avoid a May date that would keep alive the memory of the previous year’s Haymarket Massacre in which workers striking for an eight-hour day suffered casualties from the Chicago police.
As time passed union leadership became a career rather than a movement in behalf of a cause, but the labor movement in its initial years was reformist.
Sound the bugle! Get the press to march along; we are going to war. Again! Enemies R ‘Us!
For a long time with the killing of bin Laden, a jihadi fatigue had set in. With the apparent shriveling up of the Al Qaeda menace, America’s threat-defining and -refining machinery was somewhat adrift. What had been so simple turned too complex to fuse into one sound-bite.
Former CIA official Thomas Fingar, now at Stanford University, describes his own frustration in finding out what U.S. policy priorities should be in national intelligence. He asked his colleagues to share the threats they worried about. He was soon inundated.
September is the hottest month of the year for gold prices, rising on average 3% over the past 20 years. As the yellow metal tests hovers off 2-month-lows, Bloomberg notes that “Indian jewelers and dealers will be stocking up in the coming weeks,” ahead of the festival period, which runs from late August to October (andis followed by the wedding season) when bullion is bought for part of the bridal trousseau or in jewelry form as gifts from relatives. As GoldCore’s Mark O’Byrne notes, “a lot of traders are aware of this trend towards seasonal strength… They tend to buy and that creates momentum.”
In 8 weeks, on October 26, there are – supposed to be – parliamentary elections in Ukraine. What’s that going to look like? Who’s going to vote? In the presidential elections a few months ago, most of east Ukraine did not vote. How many different ways are there to define democracy and still remain credible?
In an interview today on Russian Channel 1, Vladimir Putin commented on the upcoming elections: “All the participants in the electoral race will want to show how cool they are; Everyone will want to show they are strongmen or strongwomen, and as the political struggle sharpens it is hard to expect anyone to seek a peaceful resolution and not a military one.” That would seem to be an accurate prediction.
It looks like after a long 3-yr drought, we may be in the early stages of a monster move in the junior mining shares. The GDXJ junior index is up 35% YTD and 23.5% since June 1. Doesn’t seem like it, does it?
As you can see from the graph below, the junior miners have definitely rebounded off their 3-yr decline. The graphs shows the RSI, MACD and On-balance-volume indicators. The RSI and the MACD have been positively diverging from the the GDXJ since March/April. These are more “quiet” indications suggesting that smart money has been accumulating the sector.
When ArabianMoney first pointed out back in March that the so-called separatists in the Crimea were in fact Russian soldiers out of uniform we got quite a few protests from angry readers who said we had no evidence to make this claim, apart of course from what we could see on TV with our own eyes.
Russia has kept spinning this lie for as long as possible. It has gotten the media coverage tangled up in semantic knots and confused the public. With more than a 1,000 Russian troops heading for a battle at the port of Mariupol today surely they will soon acknowledge their involvement.
The lies and deceit coming from Western governments continue unabated, whether it is [Pollyanna] economic news that is non-reflective of existing reality or more false flag “war” news that is also non-reflective of existing reality. Whether it be Obama, Cameron, or Merkel, supposed leaders of their countries but totally failing to provide leadership, each can best be described as pimps for the banking elites.
No one, not even [non-existing] Weapons-of-Mass-Destruction Bush Jr, has been more hell-bent on starting wars throughout the world than Nobel Peace Prize winner, [cough, cough], Obama. Cameron has nothing positive to contribute, coming from a country that produces nothing, just running on spent debt fumes. He just announced his idea of more sanctions against Russia by kicking them out of the SWIFT program, the elite banker’s Society for Worldwide Interbank Financial Telecommunication.
by Mathieu Rosemain, Stefan Riecher and Tony Czuczka Bloomberg.com
French Prime Minister Manuel Valls called for more action from the European Central Bank to lower the value of the euro, amid concerns the 18-nation region might be headed toward deflation.
“The monetary policy has started to change,” Valls said today in a speech made at the Socialist Party’s summer school in La Rochelle, France. While he called the ECB’s package of measures taken in June a “strong signal,” he also said that “one will have to go even further.”
Valls’s comments come after ECB President Mario Draghi, who’ll meet French President Francois Hollande tomorrow in Paris, signaled this month that declining inflation (ECCPEST) expectations are pushing the central bank toward introducing quantitative easing. Policy makers will gather in Frankfurt on Sept. 4 for their monetary-policy meeting.
The currency and fiscal battleground front lines in Europe remains the same. France wants QE, fiscal stimulus, and more leeway on meeting fiscal deficit targets. Germany doesn’t. And the fighting has strengthened.
The idea that ECB can produce nirvana by devaluing the euro is ridiculous. Yet, that’s the battle cry of the day.
The speech by former US Vice-President Al Gore was apocalyptic. ‘The North Polar ice cap is falling off a cliff,’ he said. ‘It could be completely gone in summer in as little as seven years. Seven years from now.’
Those comments came in 2007 as Mr Gore accepted the Nobel Peace Prize for his campaigning on climate change.
But seven years after his warning, The Mail on Sunday can reveal that, far from vanishing, the Arctic ice cap has expanded for the second year in succession – with a surge, depending on how you measure it, of between 43 and 63 per cent since 2012.
QUESTION: Marty, do you think it is even possible for gold to close at $2,000 by year-end? This just seems to be the same story over and over again. Thanks. SK
ANSWER: Sorry, no. Here is a chart of gold back to 1264. There is not even a pattern like that, which has EVER taken place. I am really at a loss why gold analysts keep proclaiming the same thing costing people their life savings. Pretending to be a forecaster to just talk people into doing something you would like to see is called manipulation. To keep a client base you have to have correct forecasts. Is this just a process of churning out novices and causing them countless losses to line the pockets of the pros?
LONDON (Mineweb) – That seemingly unstoppable Juggernaut of consumption, the USA, ever continues to increase its demand for metals and minerals – an annual growth rate in likely demand that is certainly being exceeded in developing nations as they aspire to an ever improving lifestyle. This will put increasing pressures on the global resource industries to keep up with demand as economic mineral deposits are perhaps becoming ever scarcer, although extraction technologies are almost certainly improving.
On this subject, the Minerals Education Coalition (MEC) of the Society for Mining, Metallurgy & Exploration, the U.S.’s professional body for mining engineers, metallurgists and exploration geologists (SME) has thus just released the 2014 “Minerals Baby” graphic. Each year, the amount of metals, minerals and energy fuels needed for the average American is incorporated into this iconic graphic. This year’s statistics reflect an increase of more than 24,000 lbs during a lifetime when compared with the previous year’s per capita usage.
With the mainstream media outlets all discussing many global stock markets trading at or near all-time highs, today Michael Pento warned King World News about the corrupt and dangerous endgame all investors now face. Pento also discussed the immediate dangers which investors are facing.
By Michael Pento of Pento Portfolio Strategies
August 30 (King World News) – Here Is The Corrupt & Dangerous Endgame All Investors Face
Unless you have been living under a rock for the past month, you have more than likely heard of the ALS Ice bucket challenge.
Those who have been reading some of my internet scribblings over the past months or years know I’ve been going down a very interesting path. Having graduated with a Masters degree from the school of hard knocks in Austrian Economics and political “science” over the last decade I’ve begun to dig even deeper into an understanding of the very question of life. Heck, we’ll see if I am still alive by the end of this blog entry. Yes, I am serious about that (I think I will be… but I’ll explain below why I haven’t killed myself yet).
I also want to state that I am not drunk and am just a few sips in to a glass of red wine right now and won’t be drunk by the end of this article. This is all coming straight from my heart after a year of looking in the mirror daily and asking myself who is this person and does he deserve to be here and after spending most of the day today meditating in my underwear and a lot of eye water.
For months Europe had thought that mere verbal (and hollow) threats, populist posturing and propaganda would be enough to force Russia’s Putin to back off and withdraw from the endless Ukraine escalation, into a Kremlin cocoon with his tail between his legs. What they didn’t anticipate was that Putin would in no way back down (as that would be seen as defeat and weakness by his numerous internal foes), nor would have have to: with Russia providing a third of European gas and with winter approaching, Russia had all the trumps cards from day one. Furthermore, as a result of escalating trade wars it is not Russia’s economy that is hurting but Europe, which is on the verge of a historic triple-dip recession, only unlike 2010 and 2012, this time it is Europe’s growth dynamo, Germany, itself which is leading the lemmings into the abyss.
European Union leaders agreed to impose tougher sanctions on Russia, possibly targeting energy and finance, if the war in Ukraine worsens.
Leaders early today gave the European Commission a week to deliver proposals for the penalties. The EU left open the precise trigger for further sanctions, contrasting with a four-point ultimatum issued to Russian President Vladimir Putin on June 27 that preceded the latest curbs.
Introduction: Lester Grinspoon, M.D., Associate Professor Emeritus of Psychiatry at Harvard Medical School, is among the world’s most prominent and longstanding proponents of marijuana legalization. He served for 40 years as senior psychiatrist at the Massachusetts Mental Health Center in Boston and is a fellow of the American Association for the Advancement of Science and the American Psychiatric Association. Founding editor of both the Annual Review of Psychiatry and the Harvard Mental Health Letter, he served as editor in chief of the latter for 15 years. – See more at: http://thedailybell.com/exclusive-interviews/35602/Anthony-Wile-Dr-Grinspoons-Kind-War-Interview-With-a-Renegade-Marijuana-Proponent/#sthash.SaBhanhZ.dpuf [...]
[...] Daily Bell: In 2011 you revealed in the documentary “Clearing the Smoke: The Science of Cannabis” that you had cancer. How are you feeling these days? Is the cancer gone or in remission?
Dr. Grinspoon: No, I still have it. I’m getting a second treatment because I have developed some metastases. But I’m feeling all right, doing my work. I’m feeling pretty good.
Daily Bell: Let’s discuss cancer treatments for a moment. You have seen firsthand how effective marijuana can be in alleviating the negative effects of chemotherapy. Can marijuana also be an effective treatment for cancer, as some would suggest?
Geopolitical analyst and fund manager James G. Rickards has gotten together with the Money Morning people to produce a 45-minute video commercial for his latest book, “The Death of Money,” but the commercialism can’t obscure Rickards’ compelling description of the currency war that is raging around the world, if largely beyond the gaze of the mainstream financial news media. Even those who know the basics about the war may be intrigued by some of the details described in the video. It’s posted here:
Mario Draghi of the ECB (European Central Bank) has cut a deal to fight inflation with BlackRock to advise on a possible bond-buying scheme to flood the market with euro cash. BlackRock will help the ECB to design a program to buy asset-backed securities as part of the regulator’s plans to ease credit conditions in the Euroland. Draghi, ex-Goldman Sachs, believes that a scheme would create demand for securitizations within the Euroland and provide incentives for lending to credit-starved businesses to get the economy going again when the banks have failed.
BlackRock had been appointed by the Greek central bank this year to probe its four big banks’ balance sheets. It was BlackRock which also worked with the Central Bank of Ireland during the Eurozone debt crisis. It will now provide the ECB with advice on the design and implementation of a potential ABS purchase program.
Mario Draghi has suggested that the central bank could buy packages of bank loans to households and companies as one way of fighting deflation.
Indeed, it seems to be the case every single year around this time: certain 9/11 “trigger” stories involving plane crashes and terror threats and Ground Zero and Homeland Security take place in late summer… and this year’s terror hype over ISIS is no different.
Here’s a forecast: Americans in particular and the Western world in general are going to be exposed to an increasing cycle of hysterical, hyperventilating news reports over the course of the next month on the serious existential threat posed by ISIS.
OK, OK, I didn’t necessarily have to go out on a limb for that one. But how about this forecast: this round of terror hysteria (terrsteria?), like every similar round in the past twelve years, will ultimately fizzle out and disappear from the headlines by October.
Given that everyone in the MSM is parroting the terror propaganda (terrorganda?) without question, and even those in the alt media (including myself) have warned that this is a possible sign of a coming false flag event, the idea that all of this hype will amount to nothing is a somewhat bolder forecast, but it’s one that’s being made by researcher/author Lenon Honor. He’s outlined a “9/11 Program” that identifies a pattern that crops up every year during the six weeks leading up to the September 11th anniversary.
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