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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: regli who wrote (52613)6/20/2006 10:29:09 AM
From: mishedlo  Read Replies (1) of 116555
 
World's agricultural legacy gets a safe home
Vault on Arctic isle would protect seeds
The high-security vault, almost half the length of a football field, will be carved into a mountain on a remote island above the Arctic Circle. If the looming fences, motion detectors and steel airlock doors are not disincentive enough for anyone hoping to breach the facility's concrete interior, the polar bears roaming outside should help.

The more than 100 nations that have collectively endorsed the vault's construction say it will be the most secure facility of its kind in the world. Given the stakes, they agree, nothing less would do.

Its precious contents? Seeds -- millions and millions of them -- from virtually every variety of food on the planet.

Crop seeds are the source of human sustenance, the product of 10,000 years of selective breeding dating to the dawn of agriculture. The "doomsday vault," as some have come to call it, is to be the ultimate backup in the event of a global catastrophe -- the go-to place after an asteroid hit or nuclear or biowarfare holocaust so that, difficult as those times would be, humankind would not have to start again from scratch.

Cornerstone for the Fort Knox of seeds
Once just a dream -- albeit a dark one, attractive only in comparison to the nightmare that would precede its use -- this planetary larder is about to become a reality. Today, on the barren Norwegian outpost of Svalbard, the prime ministers of five nations and a small throng of other officials will lay the cornerstone for what will be, in effect, the Fort Knox of seeds.
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msnbc.msn.com

What a waste of money.
How much is this boondoggle supposed to cost?
looming fences, motion detectors and steel airlock doors ....
protection from what?
Who is going to attack the place?

Mish
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