Complaints, demands and threats…
by sheikyermami on December 21, 2009
Iran:
Calling the allies ‘conquering nations’ Ahmadinejad said that the U.S., Britain and Russia took advantage of Iran and the means that was put at their disposal by the then government of Iran, ending the war in their own favor. He said: “During this period the Iranian people were put under a lot of pressure and suffered a great deal of damages yet Iran was never compensated for its troubles.” More from Planet Iran/H/T Zip
Turkey:
Foreign Minister Ahmet Davutoglu on Saturday questioned EU’s visa policy after it lifted visa restrictions for citizens from Serbia, Macedonia and Montenegro on Saturday.
The EU on Saturday opened its borders unrestricted to more than ten million Serbs, Montenegrins and Macedonians, but Turkey, that began accession talks in 2005, still is not a part of the Schengen regime that allows free movement across borders.
Turkish FM called on the European Union to allow visa-free travel for Turks.
Vlad Tepes:
Saudis fail to halt terrorism funding despite minor gains
Eight years after the 9/11 attacks on New York, US and European officials say Saudi efforts to stop the flow of funds from Saudi charities and individuals to terrorist groups have improved but failed to halt it. DW-Deutsche Welle
For the nutroots, profit is a dirty word:
Tagged as: Iran seeks compo, Turkey demands Schengen free travel
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Rather lengthy article I posted on another blog re the price of gold. Changed some figure from the original since I had done the 71 prices from memory, proved defective.
In 1154 Henry II fixed the value of a penny at 20 grains of sterling silver (92.5%), one pound troy of silver was the value of the English pound. There are 480 grains in a pound troy, hence the somewhat odd 240 pennies to the pound sterling. Historically the ratio of gold/silver has always been fairly constant as long as both were used to back the currency, at the time it was about 10:1, in the 1800’s it went up to 15:1. In 1971 just before the US dropped the gold standard to introduce strictly fiat money, the price of one pound of sterling silver was £7.05 a pound troy. The price of silver had taken a beating in the 30’s when the US demonetized silver leaving only gold to back the currency. At the time gold was £ 202.86 a pound. Compounded annually since 1154, silver rose by .24% and gold by .37%. That is compounded annually over 817 years.
I should have figured out the 30’s figures when silver was still used to back the dollar, I have an idea gold and silver were a lot closer. 1971 was about the last year that gold was still used to back the dollar, there were a lot of rumours about and the prices were somewhat erratic. From 1971 to 2009 the price of silver has gone up by 10.6% per year and gold has gone up by 14.5% per year, both compounded annually.
You have seen rise of the prices of gold and silver over the 817 years when gold and silver was money and you have seen it over the 28 years when money was money and had nothing to do with gold or silver. Not much choice, is there.