Dust flux, Vostok ice core

Dust flux, Vostok ice core
Two dimensional phase space reconstruction of dust flux from the Vostok core over the period 186-4 ka using the time derivative method. Dust flux on the x-axis, rate of change is on the y-axis. From Gipp (2001).

Sunday, February 27, 2011

Image of Musson and Passat off Newfoundland

As related here, the ships Passat and Musson were research vessels used by the Soviet Union to find suitable locations for hiding nuclear submarines on the Atlantic margin of North America.


Musson about to enter St. John's harbour in late June, 1986. The main thing
I remember is that they refused to allow the harbour pilot aboard.


Stern view of the Passat in St. John's harbour in early June 1986.

Tuesday, February 22, 2011

The World Complex gets mail

We recently received the following:


From :Dr.Kola Martins
Abidjan, Cote  d' Ivoire.
West Africa
 
Dear Sir,

Permit me to intruduce my good self,my name is Dr.Kola Martins . I work
with the Bank of Africa Abidjan, Cote D'IVoire as an accountant Foreign operation department. In the discharge of my duty on this domiciliary  account that has remained dormant for three years now with Four Million  Eight Hundred Thousand US Dollars ($4.8M) in it.

I  have made all the enquiries and discovered that the account holder  died in Auto-crash without leaving no next of kin to the fund deposit.  I am writing you so that I can work with you to remit the fund  into  your account as the next of kin / beneficiary to the fund.

It is simple process which will take a short while to process. outside  this, the bank management will confiscate the money if there is no one  that comes for the fund as you will be acting as the appointed  beneficiary to the fund of which the depositor deposited the fund in  the suspence account and a Foreign Partner is his next of kin which he  did not indicated.

If I hear from you, I will tell you all you need to Know about the fund  deposit for us to procced with the transaction.

Also provide me your direct telephone to reach you.

Thanks and God bless you.
Dr.Kola Martins

Always wanting to be of help, we replied with the following:

I am sorry. I cannot help you. But I recently received this entreaty in the mail. Perhaps the two of you can work together.

DEAR SIR,

CONFIDENTIAL BUSINESS PROPOSAL

I AM PRESIDENT OF A FORMERLY WEALTHY NATION.

HAVING CONSULTED WITH MY COLLEAGUES AND BASED ON THE INFORMATION GATHERED FROM THE US CHAMBERS OF COMMERCE AND INDUSTRY, I HAVE THE PRIVILEGE TO REQUEST FOR YOUR ASSISTANCE TO TRANSFER THE SUM OF $47,500,000.00 (FORTY SEVEN MILLION, FIVE HUNDRED THOUSAND UNITED STATES DOLLARS) INTO YOUR ACCOUNTS. THE ABOVE SUM RESULTED FROM AN OVER-INVOICED BAILOUT, EXECUTED COMMISSIONED AND PAID FOR BY THE US TAXPAYERS. THIS ACTION WAS HOWEVER INTENTIONAL AND SINCE THEN THE FUND HAS BEEN IN A SUSPENSE ACCOUNT AT THE FEDERAL RESERVE BANK OF NEW YORK.

WE ARE NOW READY TO TRANSFER THE FUND OVERSEAS AND THAT IS WHERE YOU COME IN. IT IS IMPORTANT TO INFORM YOU THAT AS CIVIL SERVANTS, WE ARE FORBIDDEN TO OPERATE A FOREIGN ACCOUNT; THAT IS WHY WE REQUIRE YOUR ASSISTANCE. THE TOTAL SUM WILL BE SHARED AS FOLLOWS: 70% FOR US, 25% FOR YOU AND 5% FOR LOCAL AND INTERNATIONAL EXPENSES INCIDENT TO THE TRANSFER.

THE TRANSFER IS RISK FREE ON BOTH SIDES. I AM THE PRESIDENT OF THE UNITED STATES OF AMERICA. IF YOU FIND THIS PROPOSAL ACCEPTABLE, WE SHALL REQUIRE THE FOLLOWING DOCUMENTS:

(A) YOUR BANK'S NAME, TELEPHONE, ACCOUNT AND FAX NUMBERS.

(B) YOUR PRIVATE TELEPHONE AND FAX NUMBERS -- FOR CONFIDENTIALITY AND EASY COMMUNICATION.

(C) YOUR LETTER-HEADED PAPER STAMPED AND SIGNED.

ALTERNATIVELY WE WILL FURNISH YOU WITH THE TEXT OF WHAT TO TYPE INTO YOUR LETTER-HEADED PAPER, ALONG WITH A BREAKDOWN EXPLAINING, COMPREHENSIVELY WHAT WE REQUIRE OF YOU. THE BUSINESS WILL TAKE US THIRTY (30) WORKING DAYS TO ACCOMPLISH.

PLEASE REPLY URGENTLY.

BEST REGARDS

BARACK OBAMA 
president@whitehouse.gov

Saturday, February 19, 2011

Recent price action in Detour Gold

An update on the state space for the price of Detour Gold Corp. When we last checked, the price was confined to a Lyapunov-stable area centred around $30.

Over the past two months we have seen a price correction in Detour Gold (disclosure--long position), followed by a return to the $32 level.

The two-dimensional state space shows the correction as a minor excursion towards LSA23.


The system has returned to LSA30.

Manipulation is failing all around the world

It is human nature to seek the truth, provided that there is an incentive for doing so.

The essence of manipulation, therefore, is to provide the incentive for not seeking the truth--more, for actually believing the lie.

The manipulation all around us is in this form. It is commonly viewed that CPI and unemployment numbers are manipulated, but they are generally accepted so long as people can afford to eat. It is only when a sufficient number of North Americans cannot afford to live as they have that these methodologies will be called into question.

There are many who feel the prices of gold, silver, oil, and other commodities are or have been manipulated.

Manipulation is overcome when the extra costs of the distortions caused by the manipulation exceed the perceived costs of righting them. Righting manipulation begins with communication and information. And in the days of the internet, the costs of communication--as well as the costs of research--have fallen sharply--so much so that the costs of righting manipulation are being seen to have fallen.

That is why manipulation--of the economy, politics--is beginning to fail around the world.

Foisting a dictatorship on people is a form of manipulation. It works until the people realize the cost of overthrowing the dictatorship is lower than enduring it. In the days when one would have to print and hand out leaflets or put up posters, the costs of information distribution (the actual printing, the time taken to distribute them, and the risks of arrest from either posting information or from government moles in the required distribution network) were prohibitively high. In the age of cellphones, email, facebook, and twitter, the physical costs, the time, and the risks are all greatly reduced. Furthermore, interested individuals now have the ability to cheaply search for information about previously arcane topics. In the past you might have had to go to the library (which might have been monitored) or gone off in search of books to buy.

Now, if the message is compelling, the information is free.

In any society, there are a huge number of interconnections between people. The cohesive web has so much redundancy that even if the majority of the links are cut, the information still propogates.

When communication is free, the network of connected individuals can plan and act. Whether that planning involves filling public squares with protesters, or buying futures contracts in silver and pledging to take delivery, the ability to find like-minded individuals is cheaper than it has ever been.


Individuals can learn about silver contracts much more easily now than in the past. They can find a broker much more easily than they could in the past. Thirty years ago the Hunt brothers had to fly to Iran and Saudi Arabia to find partners for their silver purchases. Today all they would need is a facebook page.

A second factor is the complexity of the world. When you are manipulating one system, you only have to concentrate on that alone. But if you are manipulating multiple systems, the distortions created by one system have the potential to undo another. For instance, the collapsing dictatorships in Tunisia and Egypt, both US clients,have been driven by the rise in food prices, which has been caused in part by the diversion of corn to make the ethanol required in US gasoline.

Rising food prices is also influenced by US inflationary policies.

Rising food prices increases the costs of enduring the manipulation. That, combined with the fall in the price of communication, has sparked the riots (last week, in 88 places!).

Wednesday, February 16, 2011

More Hands in the Till

Whenever an industry becomes more profitable, it sends a signal to governments to start looting.

Now comes word that Obama's new budget proposes a 5% royalty on gross proceeds of mining (which sounds to me like the equivalent of a net smelter return, or NSR).

True, 5% doesn't sound like much. When you develop a project which is later taken over by a larger outfit, you normally keep your share of the project in the form of an NSR--the reason being that if you maintain a percentage of the profit, the operator would never actually make one (for the same sorts of reasons that movies never make profits).

As a quick rule of thumb, every 10% interest you have in a project is converted into a 1% NSR.

A 5% NSR is what you would give to a partner who owned half of the project. So this proposed royalty is the equivalent of the government siezing 50% ownership of all qualifying hard rock mines in the US.

If this goes forward, it just may have an impact on the share prices of certain American exploration and mining companies.