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Welcome to the "Wolf Creek Pass" School of Monetary Policy

I don’t know if you folks remember that hit ditty: a humorous tune about two truckers attempting to manhandle an out-of-control 1948 Peterbilt down the “other side” of Wolf Creek Pass – a death-taunting section of U.S. Highway 160 where the elevation drops a hefty 5,000 feet in a relatively short distance.

The song’s two characters – a truck driver named Earl and his brother, who’s his partner as well as the song’s narrator – are taking a flatbed load of chickens on a speedy trip down this winding, two-lane Colorado highway. After the narrator gives Earl the above-mentioned warning, the ancient semi’s brakes fail.

From there on down, the narrator tells us that the brothers’ trip “just wasn’t real pretty.” The truck careened around hairpins and switchbacks, and then raced at an uncontrolled 110 mph toward a tunnel with “clearance to the 12-foot line” – with chicken crates sadly “stacked to 13-9.”

The drivers and the runaway Peterbilt “went down and around and around and down ’til we run outta ground at the edge of town… and bashed into the side of the feed store – in downtown Pagosa Springs.”

Believe it or not, I started thinking about this funny old country tune the other night – right after I’d read a piece about QE3 and the U.S. Federal Reserve.

As zany as it first sounds, the parallels are striking.

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    Stunning Bionic Advances Mean the Return of the Six Million Dollar Man

    Beautiful cyber woman isolated on white background

    As a teen growing up in the 1970s, I was a fan of the popular TV show The Six Million Man, and often dreamed of being a real-life version of Steve Austin, the world's original bionic being.

    For millions of us, that dream may soon come true.

    Austin, you'll no doubt recall, was the bigger-than-life main character of the long-running drama. The former astronaut was battered in a horrid test-flight crash ("I can't hold her ... she's breaking up, she's breaking up!") and was expected to die.

    But doctors not only saved Austin's life ... they decided they could "rebuild him" by using bionic implants.

    And those high-tech devices boosted Austin's speed, strength and vision far beyond human levels.

    Now a global research team is reporting great progress in building the first fully functional "bionic man."

    Like Steve Austin, the lab-created being - nicknamed "Rex" - has advanced prosthetic limbs. He also has an artificial heart-lung system that pumps synthetic blood. He even has a functional, machine-built pancreas and liver.

    Team members say the project shows that, in the very near future, we will be able to give humans a wide range of bionic implants to replace those damaged by disease or trauma.

    My colleagues here at Money Map Press know that I'm fond of describing the Era of Radical Change as one in which "science fiction is becoming science fact."

    With the case of bionics, that prediction is literally coming true.

    For investors, that means this new segment of high-tech/biotech will soon become another subset of the digital realm that's ripe for picking. And when that happens, I'll make sure you're the first to know.

    But this engineering marvel isn't the only fascinating piece of technology I came across this month. Take a look...

    To continue reading, please click here…


    Read More...
  • bionics companies

  • When I Saw This "Bionic Skin", All I Could Say Was "Wow" An entirely new class of human beings is about to roam the Earth.

    In fact, scientists have just scored a major breakthrough that brings us much closer to the day of bionics.

    Quite simply, bionics is the name I use for biological members of our species who have any number of high-tech "upgrades"-not too much different from what "Steve Austin" famously received in the 70's.

    With the technology we have today, these could include neural implants that combat brain disease, sensors embedded in your eyes, and a heart grown from synthetic cells.

    And now these people can even have artificial skin, too, if they need it.

    This breakthrough comes from Stanford University. When I came across it, all I could say was "Wow"...

    To continue reading, please click here... Read More...