Month: February 2017

There’s a Cryptographic Treasure Hunt for Gold Art Objects in a Small English Town



An artist hid five, £1,000 small gold objects around Scunthorpe, North Lincolnshire. If you find these valuable pieces? They’re yours…

It’s not as easy as just finding these objects and cashing in, however. You will have decode encrypted messages starting with five paintings at the local arts centre and the encrypted codes within.
“I like the idea that ancient objects that were once hidden beneath the earth and were discovered and displayed at the museum are now being rehidden,” said designer Luke Jerram. “I hope the public will enjoy visiting 20-21 Arts Centre and exploring the town and surrounding countryside.”

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He added: “There’s a real mixture including one that could be solved by a child, others that could be deciphered by the average person and more challenging puzzles for mathematicians or code-breaking enthusiasts to try their hand at. One of the puzzles may take some months or even years to solve, if indeed it is ever cracked.”

Mathematician and professional code-setter Dan Fretwell encoded the artwork.

Code crackers lined up at the 20-21 Visual Arts Centre located in Church Square, United Kingdom.

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“There is no way I could crack the most difficult one, I could certainly crack probably two or three of the paintings,” Jerram said to the BBC. “Some are really easy to decode, whereas the most complicated painting, it would take maybe a month for someone to perhaps work it out.”

Some of the codes could take months to decode. The five objects cast in gold are based upon items seen in the North Lincolnshire Museum.

The Treasured City exhibition runs through April 29.



The IMF Says Donald Trump is Good for the American Economy



As Trump is planned stimulus to pump money to upgrade bridges, roads and other parts of the nation’s infrastructure, and cutting corporate and personal taxes, the IMF is saying the President Trump could  be good for U.S. economy.

Christine Lagarde, head of the International Monetary Fund said Sunday that President Donald Trump will probably be good for the American economy in the short term. She did say rising interest rates and a strengthening dollar will be tough for global trade.

Also Read: Donald Trump Said He’d Consider a Gold Standard

Ms. Lagarde cited Trump’s plans for investment in U.S. infrastructure and his likely tax reforms could do well for America’s economic fortunes. Donald Trump’s policies might be felt in the rest of the world.

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“That’s a tightening that is going to be difficult on the global economy and for which economies have to prepare,” Lagarde said during an event at the World Government Summit in Dubai as reported by USA Today.

Lagarde discussed a creeping and “insidious” anti-globalization movement which has led to a rise in protectionist views. “We have been saying globalization is great, international trade is great — and it is,” she said. “But we have not looked at those who were badly, negatively impacted.” Instead of citing derivatives and bad loans, she cited robots and shrinking incomes of the global middle class.

Regarding Trump in the White House, Lagarde tread lightly, saying “this is really a work in progress — there’s been of announcements, a lot of tweets, a lot of things being said.” She pointed towards the importance of data and facts in decision making.

“I know it’s not fashionable at the moment, but I think that facts, figures (and) actual assessment of the reality matter and that we have to be honest about it,” she said.

Her comments mirror IMF statements in January, when the said that a stimulus in spending under Trump should bode well for the U.S. economy.

The IMF’s recent optimism towards the U.S economy comes as the world awaits how the Trump administration will approach global governance.

The IMF’s most recent growth forecast for 2017 is 2.3%, an incremental increase from its 2.2% made in October. Next

Trump has claimed his economic policies would mean a 4% pace.

The IMF called its forecast for the U.S. the most probable of a “wide range of possible scenarios,” citing uncertainty over Trump and a Republican controlled congress will spell.

If Donald Trump pursues stimulus measures above the IMF forecast, U.S growth could prove even stronger. Donald Trump protectionism could stifle the growth.

The IMF’s tune was different during the Presidential election, when they sugested that Trump’s protectionism wold be bad for world economy.

“For two decades before the 2000s, global trade regularly grew by 7%, or twice the rate of the world economy. Today, however, trade growth is below that of the global economy – at about 2%,” Lagarde said.

“There is a growing risk of politicians seeking office by promising to ‘get tough’ with foreign trade partners through punitive tariffs or other restrictions on trade. I am deeply concerned about this – not only because I was a minister of trade, but because trade has been at the heart of the IMF’s mandate for more than 70 years.”



The European Union Wants to Create a Public Bank for Continent’s Toxic Debt



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£910BILLION worth of bad debt could collapse the European Union banking system. The “urgent and actionable” reality in Europe, which has left to increasingly radical parties claiming seats in the continent’s parliaments, has led to regulators on the continent plan for a “bad bank” contingency. Such a “bad bank” would effectively collectivize among the taxpayers the bad bets made by banks on the continent. 

According to Andrea Enria, chairman of the European Banking Authority, EU’s banking problems have become “urgent and actionable.”  Mr Enria recommended an EU “bad bank” be created in order to buy up toxic loans and fix the forlorn economy. The bad bank would use taxpayer funds to buy bad loans from struggling lenders.

Related: The Truth About Gold Buying in Europe

The EU is reportedly researching the ways in which regulators can reduce failing bank loans. A report, co-written by national finance ministries, is due in March, Express UK reports.

EU banking system is burdened by  €1.06trillion in toxic debt. That’s 5.4 percent of the entire EU’s total loans.  Approximately 10 EU states have an average bad loan ratio of 10 percent.



China & Russia are Stockpiling Gold



Gold refineries in Switzerland sent a record amount of gold to Shanghai last December, and Russia is buying gold in droves as well, as the United States experiences a time of tumultuous politics and the european banking system is reported to be on the verge of collapse.

Figures released at the end of January by Federal Customs Administrations showed that Switzerland, a world leader in gold production, sent 158 tonnes of gold to China, a five time increase over November’s sum and nearly three times the volume in December 2015. Read More