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Daily Archives: March 13, 2014
Gold carts, derivatives, copper and China
The double and triple pledging of a multitude of metal deposits the past few years reminds me of the gold cart fraud in US banks in the 1800’s. In order to control loan growth, banks were required to maintain a … Continue reading
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Making fresh water from sunshine
In WaterFX’s system, a solar trough, which looks like a jumbo-sized curved mirror, collects energy from the sun’s rays and transfers that heat to a pipe filled with mineral oil. The mineral oil feeds the heat into a system that … Continue reading
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TED Talks: “How to rob a bank”
William Black is an associate professor of economics and law at UMKC. He has held many prestigious positions, including executive director for Fraud Prevention. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO … Continue reading
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