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| Authored by: albert on Friday, June 14 2013 @ 03:54 PM EDT |
which quietly continues, among the rich.
Myriad will fade away, but genetic research will continue. Equipment costs
decrease as demand increases. Gene therapy is the wave of the future. Myriad
only wanted to monopolize diagnostics; cheaper and easier than therapy
research.
I'm researching therapies for blood-sucking parasites right now. [ Reply to This | Parent | # ]
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| Authored by: Anonymous on Saturday, June 15 2013 @ 12:29 AM EDT |
There is a case before the Swedish courts brought by a bank against a lender
that refuses to pay interest on a loan since he claims the bank is not
authorized to issue money.
It is a case with a very interesting angle, since Swedish law says that only the
Riksbank (the equivalent to the US' Federal reserve) may issue legal tender.
The issue is with the practice of banks everywhere to issue loans by the push of
a button, rather than physically going down into a vault and counting out the
amount in actual bills and coins. By merely creating a loan electronically, the
bank, allegedly, is breaking the law.
Seen on a wide scale, the increasing use of electronic money has resulted in
there being money to cover about 6% of societies values. In other words, 94% of
all values are more or less fictitious and most of it allegedly illegal.
It will be interesting to watch the outcome of this, since the court will have
to either condone illegal practices by banks or declare practically all values
null.[ Reply to This | Parent | # ]
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