Category: Little Known Facts

Strongest Of The Weakest

As economist Daniel Lacalle points out, the rising dollar price of gold does not mean the US dollar is on the way out. Things are a bit more complicated than that in a fiat currency world with no exit ramps.

The same sources that show soaring gold demand also show that there is no true “dedollarization” in the sense of a fiat‑to‑fiat substitution. This also makes sense. The US dollar is the world’s strongest weak currency because it has a higher level of liquidity, more independent institutions, and better legal and investor security than any alternative. The US dollar is losing its place as a global reserve to gold but not losing its position relative to the euro, yen, pound, or yuan.

IMF COFER figures show that the US dollar’s share of allocated FX reserves remains at 59.6%, and when adjusted for exchange‑rate moves, the IMF itself concludes that the dollar’s share has been broadly stable, with recent declines explained mostly by valuation effects, not active selling. The euro, at 20.3%, is not even close to being a contender.

What Did The Romans Ever Do For Us?

Davide Piffer;

Why did Rome, rather than any of its many rivals in Iron Age Italy, become the core of an empire?

A muddy settlement on the Tiber turns into a machine that can raise armies, write laws that outlive empires, build roads that stitch a continent together, and carry water for millions through aqueducts, while running a Mediterranean-wide bureaucracy for centuries. The usual explanations are familiar: institutions, military discipline, geography, luck. All true, and none of them feels fully satisfying on its own. Many societies possessed some of these advantages. Rome was unusual in how consistently it turned them into scalable institutions.

There is another angle that is rarely discussed, mostly because until recently it was not testable. What if part of Rome’s advantage was carried in its people, as average differences in traits linked to learning, planning, and administration?

Ancient DNA makes it possible to ask that question directly. Using the AADR dataset and educational attainment polygenic scores, Iron Age and Republican-era Romans come out unusually high. Besides exceeding earlier Italian groups, they sit at the top of the entire ancient European distribution, even after accounting for sample age and genomic coverage.

That by itself does not explain the rise of Rome. But it does suggest a sharper hypothesis: Rome’s institutions may have been built and operated by a population that, on average, was unusually well suited to master and scale complex social systems.

Love is Love

Mark Carney, “Muslim values are Canadian values”.

Catholic Weekly- A thousand forced marriages and conversions every year in Pakistan

“Young girls, often minors, are abducted and coerced into converting to Islam, followed by forced marriages with much older men. This practice is especially prevalent in Sindh and southern Punjab where religious minorities are concentrated.

“Once abducted, the girls are subjected to pressure, threats, and sometimes violence, forcing them to renounce their faith.

Feeding Fido

The Food Professor- Fewer Kids, More Pets — and a Food System That Isn’t Ready

Today, roughly six in ten Canadian households live with at least one cat or dog. There are more than 16 million cats and dogs in the country. And a growing share of those animals are not owned by young families with rising incomes, but by seniors, people living alone, and households that explicitly view pets as family members and primary sources of companionship.

The Deal With Silver

Wall Street Mav;

Silver is not like Gold. Gold once it is mined and refined sits in vaults or jewelry. All gold ever mined still exists.

Silver is consumed by industry. It is turned into a conductive silver paste that is applied to products. It is very difficult to recycle because such a tiny amount of silver is used in each. So it is not worthwhile to recycle. Only about 20% of silver is recycled from e-waste.

The $4.4 trillion “market cap” for silver is assuming that all 56 billion oz of silver that has been mined throughout history … is still around and available. It is NOT. Probably 80% of the silver has been consumed by industry. It is buried in landfills.

They Wouldn’t Do That

Would they?

David Clinton- Bill C-4: Join a Political Party in Canada and Mess Up Your Life?

All of which means that, for the low, low price of a single party membership card, you’ve bought yourself vulnerability to the threat of identity theft, harassment, and exposure of your sensitive (and likely controversial) political views. Employers, landlords, insurers, neighbors, old enemies, new enemies, future enemies? They’d be crazy not to drink deep from this Pierian spring.

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