Kingworld news has a good interview with Bill Haynes
He might be talking his book but had this to say;
“No selling of Silver Eagles” “No frenetic buying” “Silver over Gold preference”
“All other products readily available” “Big buyers going to Gold”
Also interviewed was Dan Norcini and he had this to say:
“Silver Bulls a little concerned because of strength of move” “Gold orderly ascent”
“Smaller investors may be moving the physical market” “Serious inflation in China and Gold and Silver are where they are hedging against inflation”
“Private traders are pushing this market” “Paper losses are huge for the shorts”
A fascinating glimpse into the future of cheap electricity that chalks up another use for Silver.
If you want to be the last guy on the block with motorized transport that doesn't smell like Kentucky fried chicken follow this guys lead.
This guy decided it would be a good idea to take a pile of junk he had laying around and make a car that runs on booze. As he is from Kentucky it’s Bourbon.
21 comments:
The stanford.edu link is dead (?) I found it on google.
It's an ingenious idea. Of course, I've been hearing a few such "thinking outside the box" ideas every year but nothing seems to come of them. One of Gerald Celente's forecasts for 2011 was cheap energy -- I think he mentioned cold fusion, which made me question some of his other forecasts, frankly. But in theory one would think the incentive for a cheap energy solution is so gigantic that someone somewhere should have hit upon the mother lode already ...
However, cheap energy would be bearish for gold and silver, one would presume ... especially if there's a watershed discovery ... this is the most optimistic scenario: http://edge.org/q2007/q07_10.html
Thanks GM,
I fixed the link. Just had a quick look at you link and believe it or not there is an open source self replicating machine built out of a modified printer. I'll see if I can dig up the link for you. It's a little 3D milling machine. It can handle soft plastics the last time I looked at it.
Cheap energy would level the playing field all over the world. Not necessarily a good thing for western economies.
If you really want to dig out the tin foil hat check out Tesla AND JP Morgan AND cheap energy.
Supposedly Tesla developed something so revolutionary that the idea was buried because it would provide "free" energy.
Telsa was/is awesome - he practically invented electricity as we know it today. Did a fair amount of research into his work the last couple of years. As I see it, 'Free Energy' would probably not be good for mankind - we have no discipline and it would allow exponential growth of humanity (not good in the current state of things). It would also put us on an equal footing with extra terrestrials and I get the impression (they) would rather us remain shackled.
[[ Sorry, just upping the ante on the tin foil hat stuff - only partially tongue in cheek. ;p ]]
I agree, Warren, that free energy could be catastrophic for mankind. A lot of the cultural rot we see around us is no doubt because of the dollar as reserve currency (where we might as well have free energy because we can get oil for electrons)(the printing press = bernanke's perpetual motion machine). I think history tells us that too much luxury, esp unearned luxury, is bad for the soul.
Here's a great Peter Schiff interview (today) where he makes a great point: Energy has never been cheaper, because, whereas a gallon of gasoline cost 15-30 cents through the 1960's, if you found one 1964 dime in a drawer today, you could buy ..... a gallon of gas. (A 1964 dime is apparently worth 5 bucks)
Warren, you make an excellent couple of points. I personally haven't decided whether cheap, abundant energy would be ultimately good for our kind or not. Free from energy constraints, nature would eventually take its course and re-balance things and perhaps force us to gain some level of sustainable discipline. Things can only remain out of balance for so long before there's a correction. Forces much stronger than us:)
Don't know if you guys have seen the latest developments in cold fusion, but it's certainly something to keep an eye on to stay ahead of the herd, if you're so inclined. It is happening here and now, along with other technologies that will revolutionize the energy sectors.
http://peswiki.com/index.php/Directory:Andrea_A._Rossi_Cold_Fusion_Generator
DDT
Oh yeah, I see you're a Tesla fan, Warren, check out this site if you haven't already.
http://www.hutchisoneffect.ca/Noble%20Gas%20Main.html
That link takes you right to the Noble Gas Engine, which is super cool, but the whole site has some really neat shit. John experiments with Zero-Point Energy and a bunch of fascinating stuff.
I really dig my tinfoil hat:)
DDT
@SleepingVillage -
Louis and GM always seem to grab a topic which grabs my attention. I have a deep interest in solar power and part of my due diligence is to be aware of developments in the energy space. John Hutchison's work is interesting (yep, read that too) but I find it more curious that he has not been able to tap into this to the scale that Tesla did (although it could also be argued that Tesla failed as well). Occam's razor suggests the technology it not yet accessible/understandable, rather than a conspiracy to suppress it. Cold fusion I am not sold on yet - remember they have been touting this stuff for decades. There is apparently a just-as-good nuclear reaction which produces non of the bad stuff and the source is plentiful ... it was ignored because it couldn't be used to produce material for bombs. Can't remember the name of it off the top of my head, but if you search the New Scientist archives you'll find it.
p.s. These primary posts are not mine, I will always put '(Guest Post by Warren)' as part of the title - GM Jenkins and Louis Cypher are Leading the charge at the minute while I am on a project.
We will all officially find out by November or so, according to Mr. Rossi, when I spoke with him:) It's true, we've been touting CF for years now, but I like to think of it as an evolution of technology and these things take time. CF is after all, outside our indoctrinated mainstream scientists' zone of comfort;) Just because we don't understand something completely doesn't make it impossible. Once we have a greater acceptance and deeper study of these new technologies, we should then proceed to new levels.
I think you might be referring to Thorium reactors? Low-temp nuclear reaction. Thorium is plentiful and MUCH safer than Uranium/Plutonium based reactions.
DDT
Hi SleepingVillage,
Lou here :) Yup Warren is talking about Thorium.
It sounds like you have done some research into this stuff. I have but not that deep. Want to do an article on it? The goal here on Screwtape files is to ?
.... No real goal other swap ideas and have an intelligent conversation
Hi, Lou
Thanks for the offer:)Quite enjoy the content of your blog and I'd be honored to aid in the conversation here. Let me see what I can come up with, I've never written formally, but often thought it'd be cool to. I have a built-in interest in science/technology and find myself researching and spending much more time on it than I should, hah!
I might enjoy focusing on a few alternative, alternative energy sources if I were to write a piece, if that's cool.
Hi Sleepingvillage,
Just post a throw away email address and I can send you an invite. Or you can post your real one and then just delete the post once I have your address.
The "alternative" stuff ... it's all good as long as you tell people up front you are entering the tinfoil hat zone :), DYODD etc.
Cold Fusion would be a complete game-changer for humanity - I've never yet seen a write-up on the geopolitical and global finance ramifications. It would be nice to finally not have to care about middle eastern oil politics any longer - they really have us all bent over the barrel. If the US already has cold fusion as a card to be played, that is something which would have a huge impact on best asset class investment choices (even gold). Hopefully code fusion requires vast amounts of silver to operate ;P
Also never explored is the social dimension to 'abundant energy' ... 'once your needs are fully met, what you do next'? We are currently so used to scratching the earth for our living that 'free energy' would punch us through maslow's heirarchy of needs and onto level 6 or 7, whatever that is.
I think what you are talking about is Gene Rodenberry's vision of our future. Where we have all our basic needs satisfied so we no longer need to compete with each other for resources.
So we end up following a classical education and from there we take ourselves in whatever direction we want individually.
We still have a desire to succeed and better ourselves competitively but we retrain our focus on bettering the group rather than the individual.
The question is what will we do with all the bankers? :)
Excellent points. I would agree that CF will be a game-changer, revolutionary in fact. It'll also be the investment of the century if you can get in on it. Precisely why I've been in contact with Mr. Rossi and John Rohner. They have the two technologies in the works that I'm most impressed with and I expect each to have its place in our future.
Lou, I like your vision of the future. I can see the same type of scenario. As long as the technology stays accessible to everyone, it should take most of the power out of the hands of a few and spread it amongst all people of the earth. No more wars for oil, no need to worry about "global warming" and potential "crap and trade" political BS, nuclear waste and toxic releases, etc. So many advantages for all of us. Seems to me that the evolution of technology cannot be stopped, so it will soon be embraced, even though certain factions would like to see it suppressed.
So, I've been compiling notes on various Thorium reactors and I'm almost ready to form them into a piece. I personally see the conventional nuclear technologies as redundant with the next evolution of cleaner and safer tech, but it's worth touching on the advantages of Thorium over our current choices. I'll touch on my other two favorites so we can focus our energy and discussion on the long-term, as opposed to the short-term inferior alternatives.
Haha! Hang the bankers from a dead tree? I'm hoping the great thinkers on the subject have seen the future with concepts like Freegold. Self-regulating by design type system. We can hope we might learn from our most current mistakes in regards to our financial structure, while we consider the future of it.
Not my vision ... Gene Roddenberry was quite the visionary and I just happen to agree with him.
Tesla has always fascinated me because there is so much written about him but little is actually known. A lot of guys have tried to ride his coat tails and it usually ends up being a scam.
I am looking forward to reading your take on this stuff.
Oh yeah and I read FOFOA's Hyperinflation stuff last night and I was more than impressed. Truly brilliant thinking.
All that was missing was some historical perspective to show that Masters of the Universe have pulled off this scam before and came through the reset intact.
It's alright to have a vision, even if it's shared with others:) Just look at Marconi, he had a vision to beam a radio signal across the Atlantic. It was also Tesla's vision as we know. They shared an idea independently and Marconi used Tesla's patents and ideas to make his own happen. It truly is a shame that Tesla gets very little respect and recognition when he deserves most of it...The fact still remains that it advanced our knowledge and led to even more amazing things. I guess that's all that really matters in the end.
Yeah, man, FOFOA's latest is a masterpiece. He's taught me more than anyone/anything when it comes to economic stuff. I knew very little as of a few months ago, but decided it was time to step up and edumacate maself.
Wow, looking forward to reading your piece, /SV/ ...
[your avatar is tres cool, as was Louis', but if you'd like to get your prosimian on, may i suggest an indri ]
I'm going to get to reading FOFOA's highly touted piece any day now. I just need my shipment of ritalin to come in, as the dude makes my eyes glaze over. His site is a slog.
Thanks, GM, they're cute little buggers for sure. Might just take you up on that offer. I have to get over my nonconformist tendencies at some point:) hah!
Should have something to throw up by the weekend. Nothing too extreme, but I hope it can stimulate some discussion and maybe interest a few people. I find it difficult to communicate through text, but I'm gettin' better at it. It's been fun writing this piece so far, trying to keep it from getting too long! Lots to cover, though. I've only written poetry, and it seems to creep into everything:)
There are other ways to help you save electricity. Although there are some cheap sources of electricity, such as those from wind and water facilities, saving energy always starts with the person.
Victor Wetherbee
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