Wednesday, May 09, 2012

Google Doodle Today is Howard Carter, who Found King Tut's Tomb (Tutankhamun)

The Google Doodle for today
is in honor of the 138th birthday of Howard Carter,
the discoverer of King Tut's Tomb,

As written by Sara Gates at the Huffington Post in

Howard Carter Honored On His 138th Birthday With Google Logo
"The Google doodle depicts Carter gazing upon the golden riches and artifacts within the tomb. Behind the treasures is the faint outline of Google's usual logo."
Nearly 6000 (!) artifacts in this tomb, gold and riches beyond comprehension, and in all the remaining tombs of Ancient Egypt of its many great Pharaohs, its illustrious kings and queens, not anything nearly comparable?! The archaeologists have a gullible answer -- everything else has been stolen by grave robbers -- and apparently melted into butter. Nonsense.

The right answer is that many of the things found in this tomb did not belong there but were hurriedly put into it before being sealed away and buried under tons of rubble at the entrance to keep the tomb's valuable contents from being discovered "40 steps deep" (so the Mishnayot) at the time Pharaonic civilization collapsed to invaders : The Ark of the Covenant and the priestly treasures of the Cohen Gadol are what was actually found.

Who was King Tut? Also there the archaeologists mostly erred greatly in the identification of Tut's father, as DNA evidence proved.

Who was Tutankhamun? The DNA Evidence is Clear: Tut was the Son of Akhenaten (Echnaton) but the Cause of his Death remains Speculative

But what did Howard Carter really find?
Ark of the Covenant

More stories about the Google Doodle:

The Guardian staff at
Howard Carter celebrated in Google doodle

Chris Matyszczyk at CNET in
Google's doodle for Harrison Ford, wait, Howard Carter.

Rene Lynch at the Los Angeles Times has the Google Doodle story also in
Howard Carter, first superstar tomb-finder, gets a Google Doodle

Foreign Currency, Fiscal Transfers, Bailouts and the U.S. versus Europe

Derek Thompson at The Atlantic magazine
has a short piece on "inter-state" fiscal transfers in
The Difference Between the U.S. and Europe in 1 Graph.

Our view is that the difference between rich northern Europe and poorer southern Europe has always existed, even prior to the European Union and the Eurozone, except that in the past, the weaker countries of Europe's South -- and also the UK, for example -- could devalue their currencies periodically to get things financially and monetarily back in balance.

With the advent of the Euro, the inevitable and necessary devaluation of overinflated valuations takes place indirectly, e.g. by the loss in value of stocks and investments -- as is currently happening in Greece, which has the same long-term net effect of getting valuations and money back to a level where they reflect financial realities. Obviously, this also serves to indirectly devalue the Euro in Europe as well.

But also America has similar problems with rich and poor States, as Thompson demonstrates.

So what do we make of the fact that in the United States it is often those same States who receive more in federal spending dollars than other States who are often against federal government spending? It is rather a paradox system.

A large part of the problem in the United States is that much of the wealth in the country is simply "Monopoly" money, measured by the difference in the growth rate of the greatly overinflated "market capitalization" of companies and the  excessive payment of corporate executives, as compared to workers' wages and the actual rate of growth of the GDP of what is actually produced. The entire area of inequality inbetween is "funny money" not reflecting any real creation of value and ultimately will have to be devalued one way or another.

See especially Figure 9 at this link:

Who Owes Whom? Rampant Inequality in the American Economy and Unemployment, Corporate Profits, Wages, Income, Wealth, Executive Compensation, Average Hourly Earnings, Social Mobility

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