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The Trade Wars Begin: U.S. Imposes 256% Tarriff On Chinese Steel Imports
The Trade Wars Begin: U.S. Imposes 256% Tarriff On Chinese Steel Imports Two weeks ago, when looking at the latest import price index data, we showed something disturbing: China has become an all out exporter of deflation. As the chart below shows, In November, import prices from China decreased 1.5% over the past 12 months, the […]
ISIS, Al Qaeda And The CIA: The Documented Connection
ISIS, Al Qaeda And The CIA: The Documented Connection The Middle East is fertile ground for conspiracy theories, and one growing to towering heights these days says the US created the Islamic State. But while the US may well have aided ISIS in its formative days with covert supplies of weapons and CIA funding (directly […]
India’s Failing Gold Monetization Scheme: Seizure Imminent?
India’s Failing Gold Monetization Scheme: Seizure Imminent? India’s newest gold monetization scheme has been a colossal failure. After one month, it has netted only one kilogram (2.2 pounds avoirdupois) out of an estimated 20,000 tonnes (44 million pounds avdp) of privately-held gold. Why is that? Well, let’s look at how the program works. Gold-holders turn their gold over to a bank. […]
World Leaders Just Agreed To A “Historic” Climate Accord… Which Is Non-Binding And Has No Enforcement Language
World Leaders Just Agreed To A “Historic” Climate Accord… Which Is Non-Binding And Has No Enforcement Language Great news! The “greatest threat to future generations of the world” has apparently been solved. World leaders Saturday adopted an historic international climate accord in Paris, the first-ever agreement to commit almost every country to fight climate change. […]
India Drives Forward First GMO Crops Under Veil of Secrecy
India Drives Forward First GMO Crops Under Veil of Secrecy A secret application has been made to India’s GEAC (Genetic Engineering Appraisal Committee) for a new variety of GMO mustard to be released for cultivation. If accepted, this would be the first GMO variety to be approved in India – and could open the way […]
Indians Urged To Give Up Their “Idle Gold” For The Good Of The Nation
Indians Urged To Give Up Their “Idle Gold” For The Good Of The Nation One month ago, when reviewing India’s ploy to monetize the thousands of tons of gold held by the broader population through the issuance of “gold-backed bonds” (which would need to offer a rate of interest greater than inflation to be attractive […]
Powerful Earthquake Hits Afghanistan, Pakistan, India
Powerful Earthquake Hits Afghanistan, Pakistan, India Things are “shifting” in the Hindu Kush – literally. Just months after back-to-back quakes hit Nepal killing thousands, a powerful earthquake shook northeast Afghanistan on Monday. Tremors were felt in Pakistan and India as well. The quake, which the USGS says measured 7.5, “centered 82 km (51 miles) southeast of Feyzabad […]
The Latest Evidence That Global Trade Has Collapsed: India’s Exports/Imports Plunge By 25%
The Latest Evidence That Global Trade Has Collapsed: India’s Exports/Imports Plunge By 25% Late last month, India surprised 51 out of 52 economists when the RBI cut rates by 50bps. Although economists have a reputation for being terrible when it comes to making predictions (getting it wrong perpetually is almost a job requirement), it’s difficult […]
India “Surprises” 51 Out Of 52 “Experts”, Slashes Rates More Than Expected As Easing Bonanza Continues
India “Surprises” 51 Out Of 52 “Experts”, Slashes Rates More Than Expected As Easing Bonanza Continues Late last month, we asked how long it would be before the RBI hit back in the wake of China’s yuan deval. The Indian government’s chief economic advisor Arvind Subramanian had just told ET Now television that India may need to […]
Is This The Start Of India’s Gold Confiscation
Is This The Start Of India’s Gold Confiscation On April 5, 1933, FDR signed Executive order 6102 which made illegal “the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States” in the process criminalizing the possession of monetary gold by any individual or corporation. This was de facto gold confiscation; […]
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession It is to be expected that economists – even economists working for the same team – have different views about the likelihood of different future outcomes. Economics isn’t rocket science, and even rockets frequently land in the wrong place or explode in […]
Indian anti-corruption official: state “orchestrated” Islamist terror
Indian anti-corruption official: state “orchestrated” Islamist terror Mumbai atrocities enabled by intelligence operations of India, Pakistan and the United States A senior Indian police officer and anti-corruption investigator last month accused the Indian government of orchestrating the Mumbai terror attacks which occurred nearly seven years ago, according to an Indian government official. R. V. S. […]
Comex On The Edge? Paper Gold “Dilution” Hits A Record 124 For Every Ounce Of Physical
Comex On The Edge? Paper Gold “Dilution” Hits A Record 124 For Every Ounce Of Physical Over the weekend, we got what was merely the latest confirmation that when it comes to sliding gold prices, consumer of physical gold just can’t get enough. As the Times of India reported over the weekend, India’s gold imports shot up […]
Putin Leads BRICS Uprising
Putin Leads BRICS Uprising There’s been a virtual blackout of news from this year’s seventh annual BRICS summit in Ufa, Russia. None of the mainstream media organizations are covering the meetings or making any attempt to explain what’s going on. As a result, the American people remain largely in the dark about a powerful coalition […]
