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Modi’s Great Leap Forward
Modi’s Great Leap Forward India’s Currency Ban – Part VIII India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, Part-V, Part-VI and Part-VII, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the […]
India’s Prime Minister Has Singlehandedly Crushed the Economy with His Reckless Cash Ban
India’s Prime Minister Has Singlehandedly Crushed the Economy with His Reckless Cash Ban Today’s piece should be seen as a bit of a followup to yesterday’s post, India’s Demonetization Debacle Highlights the Dangers of Monetary Monopoly. While yesterday’s piece was more philosophical/strategic in nature, today’s zeroes in on some of the devastating real world impacts of Narendra […]
“Gold Is Now Effectively Illegal” In India – The Consequences Of Creating A Cashless Society
“Gold Is Now Effectively Illegal” In India – The Consequences Of Creating A Cashless Society Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of it) and why precious metals and geographical […]
India Confiscates Gold, Even Jewelry, in Raids on Hidden Money
India Confiscates Gold, Even Jewelry, in Raids on Hidden Money Global financial repression picks up steam, led by India. After declaring large denomination notes illegal, India now targets gold. It’s not just gold bars or bullion. The government has raided houses, no questions asked, confiscating jewelry. For background to this article, please see my November 27 article […]
An interesting perspective on the War on Cash
An interesting perspective on the War on Cash It’s happening faster than we could have ever imagined. Every time we turn around, it seems, there’s another major assault in the War on Cash. India is the most notable recent example– the embarrassing debacle a few weeks ago in which the government, overnight, “demonetized” its two […]
Gold Price Skyrockets in India after Currency Ban – Part IV
Gold Price Skyrockets in India after Currency Ban – Part IV A Market Gripped by Fear The Indian Prime Minister announced on 8th November 2016 that Rs 500 and Rs 1,000 banknotes would no longer be legal tender. Linked are Part-I, Part-II and Part-III updates on the rapidly encroaching police state. The economic and social mess that Modi has created […]
Angry Mobs Lock Up Indian Bankers As Cash Chaos Soars: “We Are Fearing The Worst”
Angry Mobs Lock Up Indian Bankers As Cash Chaos Soars: “We Are Fearing The Worst” India’s demonetization campaign is not going as expected. Overnight, banks played down expectations of a dramatic improvement in currency availability, raising the prospect of queues lengthening as salaries get paid and people look to withdraw money from their accounts the Economic […]
“There’s Chaos Everywhere” – Indians Angry As ATMs Run Dry After Cash Ban
“There’s Chaos Everywhere” – Indians Angry As ATMs Run Dry After Cash Ban The blowback from the world’s latest strike in the war on cash is unraveling fast in India. This week’s decision by PM Modi to ban some high-denomination banknotes (on the premise of fighting corruption) has left “chaos everywhere” according to one official who accused the prmeier of wreaking […]
Gold Price Skyrockets in India after Currency Ban
Gold Price Skyrockets in India after Currency Ban India’s Government Makes Banknotes Worthless by Decree Overnight As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail […]
Could A New Type Of Bike Solve India’s Electricity Problems
Could A New Type Of Bike Solve India’s Electricity Problems India has tremendous potential as an economic powerhouse of the future, but it also faces some significant development challenges. India’s population is on track to be the world’s most populated nation by 2022, surpassing even China. Yet India also has a considerably smaller carbon footprint than […]
The Future of Geopolitics and Energy Markets
The Future of Geopolitics and Energy Markets Energy prices and geopolitics have been interconnected since the beginning of the twentieth century, but expanded globalization, increased industrialization, and booming fossil fuel supplies have made this relationship increasingly brittle. The political actions of energy-producing states such as Saudi Arabia, Russia, Iran, and the United States impact energy prices. Conversely, […]
Mutiny Among The “Magic People” – India Central Banker Admits “The Ammo Is Almost Gone”
Mutiny Among The “Magic People” – India Central Banker Admits “The Ammo Is Almost Gone” The self-described “magic people” who “give to the markets” are facing a mutiny this morning as Raghuram Rajan, the head of the Indian central bank, admits central banks and governments of rich countries are running out of ammunition for stimulating their economies… […]
World War III Has Begun
World War III Has Begun The Third World War is currently being fought. How long before it moves into its hot stage? Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS—Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being […]
Washington Launches Its Attack Against BRICS
Washington Launches Its Attack Against BRICS Having removed the reformist President of Argentina, Cristina Fernandez de Kirchner, Washington is now disposing of the reformist President of Brazil, Dilma Rousseff. Washington used a federal judge to order Argentina to sacrifice its debt restructuring program in order to pay US vulture funds the full value of defaulted […]
Stunning Photos Of Huge Oil Supertanker Lines Forming “World’s Biggest Traffic Jam”
Stunning Photos Of Huge Oil Supertanker Lines Forming “World’s Biggest Traffic Jam” “It may be the world’s biggest traffic jam.” – Reuters Last week we revealed what we thought was a “shocking photo” of nearly 30 oil tankers caught in a traffic jam off the Iraqi coast, an indication of just how […]
