Archive for December 1st, 2008

Dec 01 2008

Mars Opportunity Rover: Sol 115

Published by Matthew under Futurama

Mars Exploration Rover Mission: Multimedia: All Raw Images: Opportunity: Navigation Camera: Sol 115

This is too odd. Look at that thing in the foreground on the far right side…is that wood??!

Wood on Mars??

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Dec 01 2008

Hot off the presses

Published by Matthew under Apolitical Blues

Bernankes Money Printing Helicopters are Here :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

Newly printed dollars are being used to replace the capital losses of America’s corporations. If it were possible to replace wealth simply by printing money, humanity would have eliminated poverty shortly after discovering the printing press. Instead, it always results in the same fate - destruction of the currency through the process of hyperinflation .

The following chart using data from the Federal Reserve of St. Louis visually reveals just how extreme the latest measures from the US Federal Reserve have impacted the monetary base.

Expansion of the U.S. Monetary Base since 1960

The last three months have seen an increase of $636.7 billion which is equivalent to the increase of the previous eighteen years.

Courtesy of http://www.marketoracle.co.uk

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