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Even with having existed for millions of years, the process for humans to reach 1 billion in population was long and arduous. It is only about 12,000 years ago that humans started engaging in sedentary agriculture. This allowed humans to settle and consistently produce food, rather than hunt and gather throughout.
However, it is with the Industrial Revolution that the means for exponential human population increases was created. New technology, boosts in productivity, and the use of energy allowed for a new frontier in increasing health, sanitation, and standard of living. It is also around this time – in 1804 to be exact – that the earth’s population hit 1 billion people.
Fast forward two hundred years, and the impact of the Industrial Revolution is loud and clear. Now with over 7 billion people, global population has risen so fast that by one estimate, 14% of all human beings that have ever existed are alive today.
Based on a recent UN study, by 2100, our global population is predicted to be between 9.6 and 12.3 billion people. The world will be much different than we know it today in the future.
For starters, the vast majority of growth will happen in the less developed regions of the world. As an example, Nigeria’s population will increase five-fold, from around 174 million today to almost a billion people. It will likely be the 3rd most populous country behind India and China in 2100. Sub-Saharan Africa as a whole could hold up to almost half of the world’s population in the future.
While population has exploded exponentially, unfortunately the resources on our planet are finite. The ecological term for this is “carrying capacity”, which is the maximum population that an environment and resources can sustain indefinitely.
Human carrying capacity is very complex and takes into account many factors, including nutrients, fresh water, environmental conditions, space, technology, medical care, and sanitation. The carrying capacity for humans is not static, and can be changed by adding or subtracting resources from the ecosystem.
While technology has saved the human race time after time, we have not yet found ways to address many of the problems tied to overpopulation such as consumption, changes to climate, inequality, and scarcity of resources.
There are certain realities we will have to face. Here are just some of the issues:
Is our future littered with disease, famine, stunted growth, currency collapse, and a lower quality of life?
Or should we be optimistic that we can persist? Can technology and smart decisions save the day?
A week ago, when we reported that in a stunning move, the "Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed", and when looking at the NY Fed's monthly reports of gold deposits by foreign entities, we observed that "we can see that while the 5 tons outflow in 2013 was most likely Germany, the recent surge in gold repatriation from Liberty 33 was the Netherlands. That said, only 57.5 tons of NY deposits gold has been officially repatriated through September, which means the October update, when it comes out, will be a doozy." Yesterday, the long anticipated October update of "earmarked gold" held on deposit at the NY Fed was released, and sure enough it did not disappoint. Declining in dollar value from $8.305 billion to $8.248 billion, this was the equivalent of 42 tonnes of gold being withdrawn, in the process reducing net gold located in the vault of JPMorgan the NY Fed to 6,076 tonnes. The 42 tonnes withdrawal was also the biggest single monthly redemption from the NY Fed since 2001.
So with the 119 tonnes of gold withdrawn so far in 2014, it is now abundantly clear that the "logistical complications" excuse used by Germany to halt its own gold repatriation program was nothing but a lie to cover up what, as Deutsche Bank explained earlier this month, was an escalation of "diplomatic difficulties " between the US and Germany, one in which Germany has folded, if only for now.
Current sharp retreat after meeting resistance at 0.9671 suggests caution on our long position entered at 0.9635 and 0.9595-00 support needs to hold to retain prospect of another rebound, above said resistance would bring test of resistance at 0.9698 but break there is needed to signal the retreat
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The British pound has fallen again after brief recovery, suggesting the fall from 1.5826 top is still in progress and may extend weakness to 1.5649 support, however, break of support at 1.5626 is needed to signal the rebound from recent low at 1.5590 low has ended at 1.5826
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As the single currency has rebounded after holding above indicated level at 1.2425 (61.8% Fibonacci retracement of 1.2359-1.2532), retaining our bullishness and above 1.2500 would signal pullback from 1.2532 has ended and bring further rise this resistance, then 1.2550-55 but as broad outlook remains consolidative, reckon upside would
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The greenback found renewed buying interest at 117.24 and has rallied, suggesting the correction from 118.98 (last week's high) has ended there and consolidation with upside bias remains for gain to resistance at 118.58, break there would provide confirmation and bring retest of said resistance at 118.98, once
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