Incredible Photographs: Nearly Tens of Thousands of Chinese Line Up for Gold During the Dragon Boat Festival

While the Wall Street cronies remains bearish on gold, the average Chinese takes on the opposite fence.

The following photographs spectacularly depicts of the "nearly tens of thousands" of Chinese lining up for gold in Jinan, during the latest three day dragon boat “Duanwu” festival.

From Caixin.com (hat tip Zero Hedge)

See the rest here

The above only shows of the incredible transition or the transfer of wealth as expressed by real gold from the West to the gold buying East.

A Gallery of Obsolete Occupations

A wonderful showcase of jobs lost due to technological evolution from NPR.com.

A sample with a description shown below (click on the image to redirect to NPR.)[thanks to Cafe Hayek]



This serves as a reminder of how advances in technology induces material changes in the economy. It's an inevitable trend.

Iran's Ongoing Election Drama in Pictures, George Friedman's Take and Social Networks

Boston.com has a fantastic deck of pictures covering the ongoing bitterly disputed post-presidential elections drama.

See first part here Iran's Presidential Election

second part here Iran's Disputed Elections

And third part here Iran's Continued Election Turmoil

Meanwhile, here is Stratfor's George Friedman take on the elections...


Finally, we learned how instrumental or pivotal social networks have been contributing to this unfolding spectacle.

This from the Reuters,

``The U.S. State Department said on Tuesday it had contacted the social networking service Twitter to urge it to delay a planned upgrade that would have cut daytime service to Iranians who are disputing their election.

``Confirmation that the U.S. government had contacted Twitter came as the Obama administration sought to avoid suggestions it was meddling in Iran's internal affairs as the Islamic Republic battled to control deadly street protests over the election result.

``Twitter and Facebook have been used as a tool by many young people to coordinate protests over the election's outcome." (bold highlight mine)