Socio-Economics History Blog

Socio-Economics & History Commentary

Gold is Ready to Go Very High Very Fast!


  • I have been a gold bug since October 08. The key reason is Quantitative Easing ie printing money out of thin air and Monetizing Debt ie buying your own debts using QE. You cannot convince me that there are no consequences to QE and Debt Monetization. It will clearly debase currencies: USD and Sterling Pound.
  • Hubert Moolman writes :
    It appears that gold is ready to go very high very fast, as measured in all currencies of the world. It seems that gold is in the process of completing the mega cup and handle pattern that started to form in 1980 when gold was at about US$850. The interesting part is the fact that it seems that we are in the final phase which should take us to about US$1,300 (about R 14 000) and eventually to about US$1,700 (about R 18 760) in a very short time relative to the 29 years since 1980. Do not be surprised to see $50, $100 and more up days, should key levels be broken.
    The correction to about US $900 (and so far reversal to US $ 939) was the confirmation that the pattern is still very much on course. It seems that all major corrections, as is the nature of this pattern, are now completed. It now needs to get up to US$ 1000 and just above in a short period (with very brief minor corrections on the way there. For more on this cup and handle formation see
    the article by Jordan Roy-Byrne/Trendsman.
    Gold and silver is money and money is gold and silver, and money (real, not paper) is the safest and most consistent store of wealth over long periods of time and is especially important during times of uncertainty. There is a lot of fear and uncertainty today, therefore I store what little wealth I have in money, I store it in gold and silver.
    As time passes, more people are realising the fact that the world’s monetary system is fraud and that gold and silver is real money and not the paper money that the world uses today. The traffic is one-way, more, not less people come to the realisation that paper money is fraud and ditch it for gold and silver (the potential is huge). Maybe, right now someone who is reading this is ditching paper money for gold and silver. This fact is what makes me most bullish about silver, since it is the form of money that has the greatest potential due to the fact that it has more room to move from where it is (a demonetized monetary asset) to a fully monetized asset.
    The debt levels in the world are enormous, and it is an inescapable fact that debt can only be properly and fully settled with real assets. Some assets are better than others when it comes to discharging debt. Gold and silver are real assets, and due to the fact that they are money, they are the ultimate form of payment and settlement of debt.
    Due to these enormous debt levels, assets that are acceptable as proper settlement of debt will be in huge demand if these debts are to be properly settled; and this hold true whether debt levels are extinguished by default as well. Gold and silver is in huge demand, and this will accelerate.
    Should the big debtors of the world attempt to “settle” their debt with more debt (inflationary) such as paper promises (like what is currently happening), then paper prices of real assets will explode, with gold and silver leading the way.
    Paper money, bonds and other promises to pay are all subject to possible default, and during these times, default is a very common occurrence. Real assets are not subject to default, and gold and silver are real assets that you can hold in your hand, and are financially liquid (liquidity is even more essential during such times).
    Paper money, bonds and other promises to pay are certainly at risk of impairment during these deflationary times, due to possible partial default or delays due to lack of debtors’ ability to pay on time due to liquidity constraints. Remember an assets’ value to you is less if you are not able to use it when required.
    During inflationary times you are at risk, because although you might get the promised payment, by the time you get it, it has lost a lot of its value and basically all of its value during hyperinflation.
  • The smart money are starting to buy into gold and silver in a big way. Mark O’Byrne writes in Institutional Funds Supporting Precious Metals Bullish Trends :
    Demand for gold remains extremely robust with broad based demand from both retail and pension investors but also now from very large players such as high net worth individuals, hedge funds, sovereign wealth funds (Government of Singapore Investment Corp – GIC) and central banks diversifying into gold.
    The world’s central banks were net buyers of an estimated 1.1 million oz in January. Ecuador and Russia appear to have been the main buyers. Despite much signals of intent from the Chinese, there are no records of them buying gold yet (at least not through conventional transparent channels).
    Reuters reports that huge flows of institutional money is flowing into money market funds and into the precious metals of silver and platinum and particularly gold (this demand is being manifest in both ETFs and into actual physical bullion in Swiss allocated accounts which we offer).
    CPM, the metals consultancy said that “those central banks that have been selling gold for much of the past two decades have sold most of what they wanted to sell. Others are buying small volumes, and considering larger purchases, in the face of the financial crises and currency market volatility they have faced over the past year.”
    Demand for gold is so large that world mining supply will find it extremely difficult to cope with the demand resulting in much higher prices. The world’s largest gold ETF, GLD has purchased in the first two months of the year more than 65% of all annual global gold mine production. World central banks have bought the equivalent of more than 20%. This means that some 85% of the annual world gold mine production was bought by just four identifiable entities so far this year.
    This would suggest that the weakness seen on the COMEX is again to do with leveraged speculators with short term horizons, some of whom are manipulating the price for their own nefarious purposes. Regulators were quick to clamp down on the short sellers in the stock markets but seem remarkably reluctant to tackle possible manipulation in the precious metal markets.
    As ever leveraged paper players can do considerable technical damage and be successful in their machinations in the short term but the fundamental and divine laws of supply and demand will ultimately, as they always so, dictate prices.
  • China has again voiced its concerns on US Treasuries. Bloomberg reports :
    China’s Premier Wen ‘Worried’ on Safety of Treasuries
    China, the U.S. government’s largest creditor, is “worried” about its holdings of Treasuries and wants assurances that the investment is safe, Premier Wen Jiabao said.
    “We have lent a huge amount of money to the United States,” Wen said at a press briefing in Beijing today after the annual meeting of the legislature. “I request the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.”
    U.S. President Barack Obama is relying on China to sustain buying of Treasuries as his administration sells record amounts of debt to fund a $787 billion economic-stimulus package. Chinese investors have lost money on the securities so far this year, after increasing their holdings 46 percent to $696 billion in 2008, according to Treasury Department data.
    “China’s purchases of American debt have been one of the few bolts keeping the wheels on the global economy,” said Phil Deans, a professor of international affairs at Temple University in Tokyo. “If China stops buying where does Obama’s borrowing to fund his stimulus come from?”
    Treasuries declined, causing the yield on the 10-year U.S. note to rise six basis points to 2.92 percent at 4:51 p.m. in Hong Kong, according to BGCantor Market Data. The securities handed investors a loss of 2.7 percent in yuan terms this year, according to Merrill Lynch & Co.’s U.S. Treasury Master index. The dollar fell 0.2 percent to $1.2938 per euro.
    “Of course we are concerned about the safety of our assets,” said Wen. “To be honest, I am a little bit worried.”
    Risky Alternatives
    China should seek to “fend off risks” as it diversifies its $1.95 trillion in foreign-exchange reserves, Wen said. Yu Yongding, a former adviser to the central bank, said in an interview on Feb. 10 that the nation should seek guarantees that its Treasury holdings won’t be eroded by “reckless policies.”
    Demand for the relative safety of Treasuries has been supported in the past two years as finance companies reported $1.2 trillion in credit losses. China boosted holdings of government debt as it lost of more than $5 billion from investing $10.5 billion of its reserves in New York-based Blackstone Group LP, Morgan Stanley and TPG Inc. since mid-2007.
    Currency market moves have been more favorable to holding U.S. bonds this year. Chinese investors who bought Japanese government bonds would have lost 7.7 percent so far this year in yuan terms, compared with a 7.3 percent loss for holders of German bunds, according to the Merrill Lynch indexes.
    Shooting Itself
    “China won’t sell the U.S. debt now as that will only drive down Treasury prices, hurting not only the U.S. but also the value of its own investments,” said Shen Jianguang, a Hong Kong-based economist at China International Capital Corp., an investment bank partly owned by Morgan Stanley.
    U.S. Treasury Secretary Timothy Geithner will defend his spending plans at the Group of 20 meeting near London this weekend. French Finance Minister Christine Lagarde and Germany’s Peer Steinbrueck of Germany want the summit to focus on improving regulation and restraints on the finance industry.
    The U.S. trade deficit and the government’s “nearly unrestricted” borrowing led to excess liquidity worldwide and “sowed the seeds” of the financial crisis, the People’s Bank of China said in a report today. The dollar has dropped 17 percent against the yuan since China ended a fixed exchange rate in July 2005. It was little changed at 6.8384 yuan today.
    Printing Money
    “China is worried that the U.S. may solve its problems by printing money, which will stoke inflation,” said Zhao Qingming, a Beijing-based analyst at China Construction Bank Corp., the country’s second-biggest lender. “If the U.S. can make sure this won’t happen, then China will continue to invest.”
    U.S. Secretary of State Hillary Clinton urged China, while visiting officials in Beijing on Feb. 22, to continue buying U.S. debt, which she called a “safe investment.” She didn’t press China on its foreign-exchange policy, backing away from January comments by Geithner that the Chinese government manipulates its currency to boost exports.
  • China has started diversifying away from US treasuries into commodities and gold. Behind the scenes I am quite sure they are quietly reducing their US treasuries holding. Bernanke will have to monetize debts soon (if he has not already done so).
  • See also :
    Gold Price to go Parabolic!
    Gold Daily Chart
    Demand for Gold Coins Soar!
    Gold About to SkyRocket ! China Worries about Treasuries and Diversify into Gold !
    Gold Price Set to Soar !
    What’s not to Like about Gold ?
    Dollar Devaluation, Debt Default & Gold
    Massive US Dollar Devaluation Against Gold During 2009
    Gold Rush Worldwide!
    Obama, Roosevelt, Gold Confiscation and Dollar Devaluation

Disclaimer – I am not a financial advisor. This is not an advice to buy, sell or hold any stocks or bonds or any precious metals.


March 13, 2009 Posted by | Economics | , , , , , , , | 3 Comments

OPEC / GCC Countries Under The Grip of The Great Depression II

  • Gulf Cooperation Council countries are also in an economic depression. Opec countries are hurting under the low oil price of US$40-45/barrel. They have build their economies on oil price not less than US$80/barrrel. Dr. Raju M. Mathew writes :
    Gulf Boom
    For the last twenty five years, almost all GCC countries had been in boom for the ever increasing oil money. That made them to build up their infrastructure. Ultra-modern consumerist societies have been evolved with high level imports of luxury items, including luxury cars. The boom attracted most of the big business and banking companies towards the Gulf from different parts of the world. Most of the newly developed cities grow into big business cities. The price of oil had further risen to the extent of $ 148 per barrel in the first half of 2008 consequent on the growth of transport sector not only in the west, but also in India and China. As a result, most of the GCC countries become super rich and their mega oil reserve funds had grown in terms of several trillions. The GCC countries have become the major investors in the leading stock and share markets all over the world.
    Coming of the Crisis
    A major fall of oil price was taken place by the end of Dec. 2008 with $ 38 per barrel and then it has further fallen. The Great Depression II has weakened the very sentiment of not only of the business or trading community but also of the common public who are not ready to travel much or spend their scarce money for oil and automobiles. Most of the oil consuming industries are forced to make layoffs or cut down production. The net result is a fall of demand for oil to the extent of 60 % or above.
    It is illogical to attribute the present fall of oil price is due to mere an oversupply of oil; a wrong application of a normal market phenomenon to an abnormal situation like a Great depression committed by OPEC/ GCC Countries experts . The fall of the price is the result of a decline of the purchasing power of the end users or consumers of oil not only in the USA and the other western economies, but also in India and China. The end users experience a financial or credit meltdown so that they could not spare their limited earning for spending for oil and journey and to purchase oil-based industrial products. That is why, the usual strategy of OPEC / GCC countries of cutting the production of oil would not be very effective in the long run.
    For the next five years, there is no possibility of creating new demand for oil in the global market and raising the oil price above $45 per barrel, except for a very short time. Oil price will be stabilized around $40 until the general purchasing power of the end users increased further, for which long term global measures have to be implemented.. This will put all oil producing and exporting countries into a great crisis for a very long time.
    GCC/ OPEC’s Options and Strategies
    There is very limited option for GCC/ OPEC other than cutting the cost of oil production and avoiding all sorts of wastage. They have to carry out further research and make fresh investment to innovate and modernize the production and marketing of oil products, by using their reserve funds in order to avoid another major crisis. It is high time for them to stop heavy investments on building up their own cities, on high ways, sky scrapers because there is a limit for development based on trade or business in the coming years. It is not rewarding for them to make further investment in industrialized countries.
    Almost all people of GCC/OPEC countries are under the grip of consumerism, easy way of life and extravagance without any botheration of thrifts and savings, unlike the previous generation. They have practically neglected their knowledge sector without giving any importance to advanced level learning and research and basic studies in Science, Social Sciences and Humanities. For them, higher education means some aspects of Business Management and Information Technology that have lost their relevance in the Age of the Great Depression II.
    GCC/ OPEC must also resist them from the temptation of making heavy defense expenditure for the projected threats of illusionary enemies, created by the defense industry and armament traders, including terrorist organizations. The OPEC must educate its people to spend their money wisely, freeing from consumerism. The OPEC must concentrate on developing their own knowledge sectors, by improving the quality of education and research and also putting knowledge into practice.
    Long Term Strategies
    A sustainable development of the OPEC / GCC countries could be possible only by creating adequate demand for oil in the global market for which the purchasing power of the end users must be augmented drastically. In other words, a stability of the economies of not only of the West but also of Asia and Africa is a necessary condition for maintain a sustainable demand for oil. It must be highlighted that the greatest demand for oil in the coming decades comes from the emerging economies like, India, China and other Afro-Asian countries, as the other countries opting for green energy and cutting travel.
    It would be worth for the OPEC/GCC Countries to make heavy investments for their own rural infrastructural development and also for rural and agriculture development in politically stable developing countries. Any fresh development in these countries generates a very high demand for oil and also industrial products besides innovative and value added services. It is high time for the OPEC and GCC Countries to think and plan big and to act globally rather than confining to their local or regional issues in the present age of globalization. Globalization implies increasing mutual support and cooperation at global level freeing from the narrow interests of any locality, region, culture or religion. The future stable market for oil is within Asia, Africa and Latin America rather than highly developed or saturated western economies. 

  • See also :
    Dubai – Is the Party Over ?
    Dubai Real Estate Crash !
    Cars Abandoned as Workers Flee Dubai As Economy Crashes
    Dubai Real Estate Collapse
    Lindsey Williams – Global Bankruptcies and One World Government
    Max Keiser Interviews Peter Schiff on Middle East Oil Economies, Inflation & Quantitative Easing.


March 13, 2009 Posted by | Economics | , | 3 Comments

Ron Paul: Obama Foreign Policy Identical To Bush

  • Change you can believe in? More like no change! Most of the policies of Clinton and Bush are being carried over. More wars, increase budget for wars.. more money for banksters…. etc. More military adventurism in Pakistan, Sudan, Sri Lanka and….Mexico !
  • Paul Joseph Watson writes :
    Congressman Ron Paul has slammed Barack Obama’s foreign policy, saying it is identical to that of his predecessor George W. Bush, proving once again that both parties follow the same agenda on major issues.
    Paul compared Obama’s pre-election promises to those of his predecessor George W. Bush, who before his election in 2001 guaranteed that the U.S. would not be the policeman of the world or engage in nation building.
    Since the inauguration, Obama has sent 30,000 more troops into Afghanistan and and
    rapidly expanded the Bush-era bombing raids on Pakistan.
    “Even though Obama was the so-called peace candidate and was going to bring our troops home from that war in Iraq, I’m afraid there’s evidence now that shows he’s going to pursue the same foreign policy – which was my argument during the campaign, that no matter what happens, both major parties support the same foreign policy, the same monetary policy, the same welfare policy and there’s never really any change,” said the Congressman.
    As we reported last month, Obama’s war chest for 2009 alone, when one includes the budget of the defense department, the vast majority of which is related to spending on new fighter jets and other weapons-related programs, is a whopping $805 billion dollars.
    Every single component bar one of the DoD budget is up 5-10% compared to 2008, with the budget for “military construction” increasing by a mammoth 19.1%.
    Meanwhile, despite public pronouncements by Obama that a plan to withdraw U.S. troops from Iraq is in progress, the details of the agreement actually establish a permanent presence of a sizable occupying force in perpetuity.
    Obama swept to power on the promise that he would
    “immediately” withdraw troopsfrom Iraq. In reality, after the “withdrawal” of U.S. troops in 19 months, “Mr. Obama plans to leave behind a “residual force” of tens of thousands of troops to continue training Iraqi security forces, hunt down foreign terrorist cells and guard American institutions,” reported the New York Times.
    A senior military officer spelled it out more plainly to the
    Los Angeles TImes, “‘When President Obama said we were going to get out within 16 months, some people heard, ‘get out,’ and everyone’s gone. But that is not going to happen,’ the officer said.”
    Ron Paul also discussed Obama’s monetary policy, noting that every time a new government initiative was announced to supposedly rescue the economy, the stock markets sink.
    Paul said that he also did not hesitate to slam Obama’s policies on civil liberties, especially on liberal talk shows that were sympathetic with the new president.
    “I don’t think there’s any reason for us to rejoice,” said the Congressman.


March 13, 2009 Posted by | GeoPolitics | , , | 3 Comments

Ignoring Austrian Economics Got Us into this Mess!

  • Why is there a boom and bust cycle? What are the causes? How about central banks. These blood sucking banksters are out to enslave the world through their greed for mammon!
  • Austrian economics clearly tells us the causes for the current world’s problems. It also tells us the solution. The FedRes says we need to get credit (debt) flowing again, stimulate bank lending, people need to borrow more money, corporations need more lending…. same O same O. This is precisely what got us into this mess in the first place. Senator Ron Paul is right: more debt, more of the same crappy policies are not going to get us out of this depression!
  • Randall W. Forsyth opines:
    “WILL CAPITALISM SURVIVE?” was the question before the lunch table Wednesday. “It hasn’t been tried,” I replied, “at least not since the McKinley administration and certainly not since 1914,” when the Federal Reserve started operations in earnest.
    In doing my conservative curmudgeon act, I probably came across as supercilious. But my response also reflected my reaction to the smug contempt toward free-market philosophy in general and Ronald Reagan and his lesser successors in particular expressed elsewhere in the press of late.
    The credit crisis and the ensuing global economic contraction have failed to make an impression on academe, where free-market orthodoxy still reigns supreme, the New York Times asserted in an article in arts section recently (“
    Ivory Tower Unswayed by Crashing Economy,” March 4.)
    The problem, the Times asserts, is the current generation of academics have been brought up primarily in free-market orthodoxy exemplified by the so-called Chicago School, named for the University of Chicago, from where Milton Friedman and his fellow adherents spread their ideas.
    Ignored was the work of John Maynard Keynes, the Times contends, whose ideas have been revived with the massive expansion of government intervention in reaction to the current crisis. Also overlooked was Hyman Minsky, another 20th century economist who asserted that financial markets are inherently unstable and, in turn, can destabilize the real economy.
    On the latter score, Minsky was indeed almost completely unknown by the current generation of economists. When I wrote of the economy having a “Minsky Moment” as the credit crisis first erupted in 2007, the name was met by a blank stare except from a few. Now, Minsky is widely cited as having discerned the link between market crashes and the economy.
    But to say that anyone who is a serious student of economics is not thoroughly familiar with Keynes’ ideas beggars credulity. The standard construct of the economy used by virtually all forecasters, from the Federal Reserve on down, is basically Keynesian, with varying opinions about how the model works. That none of them predicted the current crisis is telling, and indeed damning of the approach.
    What definitely is ignored in academe is the Austrian school of economics, especially for baby boomers brought up on Samuelson’s economics text, which was pure Keynesian orthodoxy. I did not learn the names von Mises and Hayekor their ideas until a decade or more after graduation (with a degree in economics, by the way.)
    The Austrian view is a mirror image on the right to Minsky’s from the left. The economy, if left alone, is self-correcting, say the Austrians. But central banks’ inflationary expansion of credit produces booms and malinvestments, which inevitably lead to a crashes and depressions.
    The only prevention for boom and busts are sound money, which is impossible with government-controlled central banks. Once the bust comes, the only cure is to let it run its course; allow the malinvestments go bankrupt and let the market reallocate the capital to productive uses.
    The most famous expression of that philosophy was the prescription of Treasury Secretary Andrew Mellon: “Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system.” The result, according to the man of whom it was said three presidents served under him, the last being Herbert Hoover: “Values will be adjusted, and enterprising people will pick up from less competent people.”
    The Austrian prescription, of course, was rejected first by the New Deal of Franklin D. Roosevelt, and now by massive response by both the purportedly conservative Bush administration and now the Obama administration. First came the $700 billion TARP last year to stabilize the financial system, followed by the $787 billion fiscal stimulus enacted last month. Across party lines, it’s accepted that government’s role is to prevent the economic pain that would come of “liquidate, liquidate, liquidate.”
    But the Austrians were the ones who could see the seeds of collapse in the successive credit booms, aided and abetted by Fed policies, especially under former chairman Alan Greenspan. While he disavows (again) the responsibility for the boom and bust, most recently on Wednesday’s Wall Street Journal Op-Ed page (“
    Fed Policy Didn’t Cause the Housing Bubble,” March 11), monetary policy played a key role in creating successive bubbles and busts during his tenure from 1987 to 2006.
    Greenspan always contended that monetary policymakers can neither predict nor prevent bubbles in asset markets. They can, however, clean up the after-effects of the bust — which meant reflating a new bubble, he argued.
    That had a profound effect on risk-taking. Knowing that the Greenspan Fed would bail out the markets after any bust, they went from one excess to another. So, the Long-Term Capital Management collapse in 1998 begat the easy credit that led to the dot-com bubble and bust, which in turn led to the extreme ease and the housing bubble.
    Austrian economists assert the current crisis is the inevitable result of the Fed’s successive efforts to counter each previous bust. As the credit expansion pumped up asset values to unsustainable levels, the eventual collapse would result in a contraction of credit as losses decimate banks’ balance sheets and render them unable to lend. That sounds like an accurate diagnosis of the current problems.
    In the meantime, both Western democracies and autocratic governments such as China are actively utilizing the ideas of both Keynes and Friedman alike in enacting massively expansionary fiscal and monetary policies to counter the crisis resulting from the severe contraction in credit.
    If these policies are successful, perhaps governments will adhere to Austrian principles to prevent a new boom and bust. That is for the next cycle, however. To paraphrase St. Augustine, governments may be saying, “Make us non-interventionist, but not yet.”


March 13, 2009 Posted by | Economics | | Comments Off on Ignoring Austrian Economics Got Us into this Mess!

New Technology – Mobile Phone Battery that Recharges in Seconds!

Coated electrodes allow lithium-ion cells to charge up in seconds - Getty

Coated electrodes allow lithium-ion cells to charge up in seconds - Getty

  • This is what makes America great: Innovation! These new batteries could hit the market in as little as 2 years. The application is wide ranging: mobile phones to batteries for electric cars. Imagine: charging your electric car in 5 minutes and not hours! Scientific American reports :
    A new technique could pave the way for improving the workhorse lithium ion battery used in automobiles, cell phones and other devices so that it can recharge in seconds.
    A new twist on the familiar
    lithium ion battery has yielded a type of power-storing material that charges and discharges at lightning speed. The finding could offer a boost for plug-in hybrid and electric vehicles and possibly allow cell phone batteries to regain a full charge in seconds rather than hours.
    Scientists at the Massachusetts Institute of Technology (M.I.T.) report in Nature today that they devised a way for lithium ions in a battery to zip in and out about 100 times faster than previously demonstrated. “We took a basically great material called lithium iron phosphate [LiFePO4] and we tried to improve it further,” says study author Byoungwoo Kang, a graduate student in M.I.T.’s Department of Materials Science and Engineering.
    Rechargeable lithium ion batteries are small and light, yet can store copious amounts of
    energy, making them ideal for use in everyday electronic devices such as iPods and laptops. This valuable property, called energy density, can be scaled up for hybrid cars as well as for the all-electric Roadster built by Tesla Motors that relies on lithium ion batteries (6,831 individual cells) and the similarly powered Chevy Volt  plug-in electric, about to hit the market.
    One downside: lithium ion batteries do not dispense their charge—carried by lithium ions and electrons, hence the power source’s name—very quickly compared with some other types of storage batteries. Like a huge auditorium that only has a few doors, getting a large volume of patrons (lithium ions) in and out is a drawn-out affair. This phenomenon explains why some electric vehicles (the rip-roaring $109,000 Tesla Roadster with its massive battery pack excluded) can reach high speeds, but they suffer from poor acceleration compared with the propulsive force unleashed by the rapid succession of mini explosions in an
    internal combustion engine. The slow exchange of ions also means lithium ion batteries recharge slowly—just think of how long you have to charge your tiny cell phone.
    In an attempt to pick up the pace, the M.I.T. researchers coated the lithium iron phosphate material with an ion conductor, which in this case was a layer of glass like lithium phosphate. Sure enough, the charge-carrying ions traveled much faster from their storage medium; a prototype battery the scientists built completely charged in about 10 to 20 seconds.
    The results have impressed some battery experts. “I think this work is a really exciting breakthrough with clear commercial applications,” says Yi Cui, an assistant professor of materials science and engineering at Stanford University.
    Two companies have already licensed the technology, according to Kang.  Researchers are not sure how much these batteries will cost when they hit the market, but Kang says they should be reasonably priced, given that it should be relatively cheap to produce them. 


March 13, 2009 Posted by | Science & Technology | | 1 Comment

Gerald Celente – Obama Deception, The Emperor Has No Clothes.


March 13, 2009 Posted by | Economics | , , , , , , , , | 12 Comments