Free Republic

p>It’s no secret that China and Russia have been stashing away as much gold as possible for many years.China is the world’s largest producer and buyer of gold. Russia is number two. Most of that gold finds its way into the Russian and Chinese governments’ treasuries.Russia has over 2,300 tonnes—or nearly 74 million troy ounces—of gold, one of the largest stashes in the world. Nobody knows the exact amount of gold China has, but most observers believe it is even larger than Russia’s stash.Russia and China’s gold gives them access to an apolitical neutral form of money with no counterparty...

http://www.marketskeptics.com/2009/01/hyperinflation-will-begin-in-china-and.html The conventional wisdom on China is dead wrong. Specifically, there is a widespread belief, as expressed by Goldman Sachs, that "China will keep the yuan trading within a narrow range in 2009 due concerns about exporters." Worse still, others are even predicting that China will devalue its currency! The sheer wishful thinking is astounding! The idea that "China will keep the dollar peg to help its exporters" ranks all the way up there with "Housing prices always go up" and "You can spend your way to prosperity".

New species firmly establish African roots for anthropoid line.The fossil teeth and jawbones of two new species of tiny monkey-like creatures that lived 37 million years ago have been sifted from ancient sediments in the Egyptian desert, researchers have reported. Related They said their findings firmly establish that the common ancestor of living anthropoids -- including monkeys, apes and humans -- arose in Africa and that the group had already begun branching into many species by that time. Also, they said, one of the creatures appears to have been nocturnal, the first example of a nocturnal early anthropoid. The researchers...

Oops ! He forgot your birthday again. Well do not blame his memory for this innocent forgetfulness as the the reason behind it is down in the genes. While men may fail to match a woman's ability to remember the date of an anniversary, they are better at storing a seemingly endless cache of facts and figures and all this is because of genetic differences. Researchers at the Institute of Psychiatry, King's College London, have found that males use different genes from females when making the new connections in the brain that are needed to create long-term memories. They believe...

Enlarge ImageIt's relative. Astronomers have been measuring spin precession in an eclipsing pair of pulsars.Credit: Daniel Cantin/McGill University As if his reputation needed cementing, astronomers have confirmed Albert Einstein's status as a supergenius once more. Studying a unique pair of pulsars--small and extremely dense leftovers from supernova explosions--researchers have measured an effect that was predicted by Einstein's 92-year-old general theory of relativity. The result, they report tomorrow in Science, is almost exactly what the famous physicist had foreseen. In Einstein's relativistic universe, matter curves space and slows down time, and the speed of light remains the only constant. But...

What makes this presidential election different from all other presidential elections? And different from what we expected when the year began? First, neither party’s presumptive nominee was chosen by massive support from primary voters, as John Kerry was in 2004, George W. Bush in 2000 or Bill Clinton in 1992. That may not seem obvious in the case of John McCain, who effectively clinched the Republican nomination on Super Tuesday, Feb. 5. But look at the numbers: In January, McCain won New Hampshire 37 percent to 32 percent, South Carolina 33 to 30 percent and Florida 36 to 31 percent....

LONDON (Reuters) - Gas-belching volcanoes may be to blame for a series of mass extinctions over the last 545 million years, including that of the dinosaurs, new evidence suggested on Thursday. A series of eruptions that formed the Deccan Traps in what is now India pumped huge amounts of sulfur into the atmosphere 65 million years ago, with likely devastating repercussions for the Earth's climate, scientists said. Gigantic eruptions, forming so-called "flood basalts," are one of two leading explanations for a series of mass extinctions that have killed off species periodically throughout history. The other theory involves asteroid impacts --...