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India Enters the Sovereign Debt Crisis
India Enters the Sovereign Debt Crisis I have warned continually that the Sovereign Debt Crisis will unfold not so much by people selling government debt, but by the lack of people buying new debt. The greatest peril is when there is NO BID for the new issues because all governments are operating a PONZI scheme. The sell […]
India Will Lead Global Oil Demand By 2035
India Will Lead Global Oil Demand By 2035 Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts. But in the latter part of 2017 and early in 2018, robust oil demand growth — both in emerging […]
“We Don’t Have The Culture To Manage Risks” – Largest-Ever Indian Bank Fraud Exposes Systemic Flaws
“We Don’t Have The Culture To Manage Risks” – Largest-Ever Indian Bank Fraud Exposes Systemic Flaws Stocks of Indian jewelers and state-run banks have been sinking since Friday, when the full extent of what’s now understood to be the largest bank fraud case in Indian history was unveiled in a complaint to Indian federal banking […]
40,000 Indians Flee As Fighting Erupts On Pakistan Border
40,000 Indians Flee As Fighting Erupts On Pakistan Border Along the 786 km-long Line of Control (LoC) which divides the State of Jammu Kashmir between India and Pakistan, sporadic cross-border military gunfire between both countries is not that unusual. However, this weekend, in the region of Noushera, Rajouri and Akhnoor sectors of Jammu and Kashmir, […]
Pakistan Threatens India With Nuclear War After Indian Army Chief’s Statement
Pakistan Threatens India With Nuclear War After Indian Army Chief’s Statement Hawaii’s ballistic missile attack on Saturday turned out to be nothing more than fat-fingered “fake news” by State officials. However, a far more significant threat of nuclear war is growing on the border between India and Pakistan, called the Line of Control (LoC), which […]
Pakistan Opens Fire Along Border Killing Indian Troops, Warns “Nuclear War Cannot Be Ruled Out”
Pakistan Opens Fire Along Border Killing Indian Troops, Warns “Nuclear War Cannot Be Ruled Out” With most of the Western hemisphere on holiday, another crisis appears to be developing on the India–Pakistan border known as the Line of Control (LoC). The incident started on Saturday, where at least four Indian soldiers were killed, in an […]
Import and Die: Self-sufficiency and Food Security in India
Import and Die: Self-sufficiency and Food Security in India India’s Vice-President M Venkaiah Naidu recently stated that the country cannot survive on imported produce for its food security. He called for a greater focus on agriculture: “We can export (agricultural produce) for the time being but the population is growing.” Naidu pointed out what has […]
Russia, China and BRICS: A New Gold Trading Network
Russia, China and BRICS: A New Gold Trading Network One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers […]
Why So Many (in the West) Are Pissed Off
Why So Many (in the West) Are Pissed Off Campaigning to “Make America Great Again,” Donald Trump swept to the presidency last November 8, buoyed by a wave of anger and sense of betrayal in the American heartland. He knew that, for many, the American Dream had receded inexorably beyond reach, lingering only in distant […]
“Super Critical” Coal Shortage Sends India Scrambling For NatGas
“Super Critical” Coal Shortage Sends India Scrambling For NatGas Big disappointment in the global natural gas industry this week, with majors Total and Eni coming up largely dry in a much-anticipated well offshore Cyprus. But elsewhere things are turning extremely bullish for natgas. With one of the world’s fastest-emerging energy consumers scrambling to get all […]
Unknown Oil & Gas Deal Just Changed The Global Energy Balance
Unknown Oil & Gas Deal Just Changed The Global Energy Balance One of the biggest energy stories this year has been Russia’s Rosneft buying India’s Essar Oil — giving the Russian company a firm grip on one of the world’s biggest emerging oil and gas markets. And this past week, that story got more complex. With […]
Modi’s Demonetization Called “Colossal Failure That Ruined Economy” As India GDP Growth Slumps To 2-Year Lows
Modi’s Demonetization Called “Colossal Failure That Ruined Economy” As India GDP Growth Slumps To 2-Year Lows India’s embattled Prime Minister Narendra Modi faced a double whammy of abuse this week as his nation’s economic growth collapsed to its weakest since Q1 2014 and India’s Central Bank released a report on Modi’s extraordinary “demonitization” plan last […]
China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties
China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties One of the more under-reported stories – at least among the Western press – are the growing tension between China and India. As reported over the weekend, in the latest escalation, Indian and Chinese soldiers, in addition to the ongoing tense military […]
Video Emerges Showing Clashes Between Indian, Chinese Soldiers
Video Emerges Showing Clashes Between Indian, Chinese Soldiers Late last week, we reported that in the first documented clash between Chinese and Indian soldiers who have been piling up across the border between the two nations over the latest territorial dispute, “Indian and Chinese soldiers were involved in an altercation” in the western Himalayas on […]
