Harvard University

James Rickards: Gold Other Money That Renders Central Bank Power ‘Meaningless’

The “Quote For The Week” runner-up. From American investment banker, risk manager, attorney, and financial commentator James Rickards, in a recent interview with Schiff Gold’s Albert K. Lu:

I actually think of gold as money. Money is different from an investment or a commodity, so, is gold a commodity? Is it an investment? Is it money? Well, it depends a little bit. Like a chameleon, it changes color. I think of it as money. But I think that’s why there is such bitter opposition, and so many really canards and made-up stories, anti-gold. These come from the PhDs. Whoever controls money controls the world. You control wealth, you control politics; you control who wins and who loses. It’s a very powerful thing to control.

Who controls money today? The answer is the central banks, and those are all PhDs, they come from MIT, Harvard, Chicago, Stanford, just a really small number of universities. They all know each other. It’s a club. Well, if you were in this PhD club that controls the central banks, you wouldn’t want people to even think about gold. You wouldn’t want them to talk about gold, because gold is the competition. Gold is the other money that can render their power meaningless. And so they perpetuate these myths about gold. Unfortunately, a lot of students, a lot of journalists, a lot of everyday citizens follow the leader, follow these PhDs without ever examining the assumptions…

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on information found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

Rickard’s new book…

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U.S. Pandemic Preparedness Still Lacking

It’s been seven years since I left my job in the public safety field. And back in 2006, there was already plenty of discussion in that arena about the threat posed by pandemic influenza to the United States.

I fear the nation is still not prepared to the extent that it can be for such an event, despite improvements in pandemic preparedness in the last several years.

A number of public health experts seem to agree.

I came across the following tonight by Alvin Powell on the official news website for Harvard University. Powell wrote on the Harvard Gazette on November 15:

Despite world-class hospitals and an army of highly trained medical personnel, the local health establishment doesn’t have the excess “surge” capacity to handle a flu pandemic outbreak.

And Boston isn’t alone. A panel of experts on pandemics and public health said Wednesday that not only is such capacity lacking in Boston, it is in short supply around the world and would affect everything from providing beds for the sick to the ability to make and distribute vaccines.

“There’s just little wiggle room in today’s health care system,” said Anita Barry, the director of Boston’s Infectious Disease Bureau.

Barry spoke at the Harvard School of Public Health as part of a discussion about whether heath specialists are ready to handle the next pandemic. Though many people are thinking hard about the problem and keeping an eye on worrisome developments, such as a bird flu outbreak in China that has killed 45 and an outbreak of the SARS-like Middle East Respiratory Syndrome (MERS) that has killed 64, the global capacity to handle a major outbreak is still a work in progress.

(Editor’s note: Italics added for emphasis)

Keep in mind something Klaus Stohr, vice president and global head of influenza franchises for Novartis Vaccines and Diagnostics, pointed out in the discussion. Powell wrote:

Though technology has improved production, it still takes weeks to create a new flu vaccine, months to get it to the public, and as long as a year to make it widely available around the world, Stohr said.

(Editor’s note: Italics added for emphasis)

Yet, it might require only 90 days for a pandemic flu to infect the entire United States. Robert Roy Britt wrote on the science news website LiveScience back on April 5, 2006:

A new computer model reveals how a pandemic like the avian flu might spread quickly across the United States and what methods would best thwart the scenario.

Researchers assumed a starting point of 10 highly infectious influenza cases in Los Angeles, then let the model take it from there. The virus spread quickly, peaking in just 90 days with 100 or more infections per 1,000 residents of just about every corner of the country [Animated Map]…

U.S. Health and Human Services Secretary Mike Leavitt has said the country is not prepared for such a scenario.

(Editor’s note: Italics added for emphasis)

“The country is not prepared for such a scenario.”

I didn’t think so.

Sources:

Powell, Alvin. “Underprepared for the next pandemic.” Harvard Gazette. 15 Nov. 2013. (http://news.harvard.edu/gazette/story/2013/11/underprepared-for-the-next-pandemic/). 20 Nov. 2013.

Britt, Robert Roy. “Virtual Pandemic: 90 Days to Infect Entire U.S.” LiveScience. 6 Apr. 2006. (http://www.livescience.com/4027-virtual-pandemic-90-days-infect-entire.html). 20 Nov. 2013.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, November 20th, 2013 Asia, Emergencies, Government, Health, Middle East, Preparedness No Comments
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