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If there was one gold coin in the world I could have, I think I want this one. It might not fit in my safe, or my house...
Australian Mint Turns Out 1-Ton Gold Coin
The Perth Mint made the coin to comemorate Queen Elizabeth's visit to the city. It has a kangaroo on one side and the Queen's profile on the other.
Perth Mint CEO Ed Harbuz said in a company release making it was "an incredible challenge, one which few other mints would even consider." More than a dozen people worked on the project.
The coin is more than 10 times the size of the world's previous largest gold coin, made by the Royal Canadian Mint.
"We thought well, we'd better make it so much bigger that it'll stay the biggest coin in the world for a long time," Harbuz said.
The coin is 99.99 percent pure, weighs 1,000 kilograms, or 2,200 pounds, and is worth more than $50 million at today's gold prices.
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I got this from Mike Krieger yesterday. Corzine bankrupts a company and hopes to step in as our Treasury Secretary. Yikes! Mike's comments echo mine exactly.
Still don’t get how things work? Corzine never had skills and neither do most of these financial “wizards” out there that then run our government. They make big idiotic bets and when they go bad they depend on a bailout, which is EXACTLY what Corzine was betting on as he placed bets that ended MF Global. These people need to be put in jail forever or exported to another country or planet.
Obama may have raised as much as $75 million in the second quarter of 2011 thanks to Corzine, who in April hosted a reelection fundraiser in his Fifth Avenue apartment that sold out two weeks in advance and raised $2 million. Corzine also "aggressively worked the phone lines and the cocktail party circuit" because it could earn him a cherry job with Obama after the election. Treasury Secretary Geithner is said to be announcing his departure before the election, and Corzine would fill the role of Wall Street protector and "reformer" nicely.
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I knew I forgot to send something with my kids when they went trick-or-treating, a 9mm.
10 Year Old Pulls Gun on Woman
A 10-year-old Aiken trick-or-treater pulled a gun on a woman who said she would take his candy on Halloween.
According to a police incident report, the 28-year-old victim told authorities she recognized some boys from her neighborhood while they were trick-or-treating about 6:30 p.m. Monday near Schroeder and George streets and jokingly told them she would take their candy.
One 10-year-old in the group of about 10 juveniles responded with “no you’re not …” and then pointed a 9 mm handgun at her.
According to Aiken Public Safety Lt. David Turno, the clip was not in the gun at the time, but the boy did have a loaded clip in his possession.
The boy’s brother, also 10, told authorities he also had a gun.
The second weapon was recovered Tuesday morning.
The boy who pulled the weapon was brought to the police station where he was turned over to the custody of his parents.
Turno said the boys got the weapons from their grandfather without permission.
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I'm not sure what this guy was thinking.
Chicago Man Tries to Remove Own Pacemaker, Dies
The Cook County medical examiner says 47-year-old Channing Askew died Monday night at a Chicago hospital. The Chicago Tribune reports ( http://trib.in/sflxJM ) that a doctor told police that Askew apparently had tried to remove his pacemaker himself. Police say paramedics were called to a group home where Askew lived when he complained of chest pain.
Police say Askew complained to paramedics about chest pains. Askew fell unconscious in the ambulance. Paramedics trying to revive him removed Askew's shirt and found a puncture wound on the upper left side of his chest.
An autopsy is planned. The group home did not have additional information.
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This last section will be for economic news. Companies are making good money right now, but the government intervention around the world is going to squash it. I hope I can afford electricity and food in a couple years. I wish it was more positive.
US Plans To Issue $846 Billion In Treasurys In The Next 6 Months, 35% More Than Previous Year
Since obviously nobody in charge has learned anything at all, and all the old school games will continue until they no longer can, and demand for US paper, already plunging at the international level, disappears (aside from the Fed of course: the Fed will always be a happy last ditch monetizer of one-ply US paper), here is the Treasury's just released schedule for bond issuance for Fiscal Q1 (Oct-Dec 2011), and Q2 (Jan-March 2012), which amounts to $305 billion and $541 billion, respectively, or a total of $846 billion in 6 months, a $141 billion run rate per month. This compares to a total of $628 billion issued over the comparable period a year ago (although granted the Treasury did burn a whopping $225 billion in cash in Q1 of 2010). In other words, the US Treasury is planning on issuing 35% more in the first half of the fiscal year than a year previously, even though this time last year the Fed was monetizing all gross issuance, and even though the European EFSF was not about to ramp up issuance and soak up hundreds of billions of excess fixed income targeted capital. Now we only have some vague, ineffectively sterilized duration transfer operation which is doing nothing to lift belly demand, and merely takes care of the long end (while the Fed's promise to keep rates at zero until 2013 makes all bonds 2 years and less to be off zero effective duration). We doubt this schedule is even remotely sustainable without some imminent form of Large Scale Asset Purchase program being implement
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There was rumor that the Fed might start another cycle of QE. I think they are trapped by their own mandate. They wanted to keep inflation between 1%-3%. It's past that. Food and Energy now make up 23% of the American Household Spending. Here is the chart on inflation.
Oh and food stamp usage hit another record.
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