India

Tyler Durden's picture

A Vision of Monetary Hell Troubles Our Sleep...





A vision of Hell troubles our sleep. It is the vision of what the United States will be like when the authorities have obliterated almost three millennia of monetary progress and have their boots on our necks.

 
Tyler Durden's picture

With ISIS Controlling "More Than Half Of Syria", The US Prepares To Pounce





Gun to our head, this is what happens next: several false flag YouTube clips once again emerge just around the time Obama announces it is time to send a tactical, contained group of troops in Syria to retake the cultural "heritage that" is Palmyra, at which point the war against ISIS morphs into what it has been from day one: the western attempt to crush and topple the Assad government, and to hand over control of Syria to Turkey and Iraq, just so the US, Saudi Arabia and Qatar can control what happens behind the scenes, by which we mean finally allow that long overdue gas pipeline to traverse the nation. We expect this scenario to start unfolding within the month.

 
GoldCore's picture

Gold Bullion “Less Sexy” Than Bitcoin … For Now





Sentiment towards gold is as bad as we have seen it since the 2003/2004 period. Bitcoin is the more sexy thing. People want to talk about bitcoin and anything with “bit” in the name seems to be doing very well. Whereas gold is very much less sexy ... for now ...

 
Tyler Durden's picture

In India, Gold Is Not Only Money But Now Pays Interest





Despite Bernanke's previous protestations that "gold is not money... it is tradition," in an effort to mobilise 20,000 tonnes of unproductive gold owned by Indian households into cash, Reuters reports that - after unveiling the gold monetisation scheme on Feb 28th, India's FinMin Arun Jaitley released bank guidelines overnight on interest rates, reserve and liquidity ratios. The scheme "allows gold to become a dynamic, fungible asset in the hands of gold savers," offering incentives (interest payable in gold) to convince households, who sometimes have little faith in financial institutions, to break the tradition and hand over gold passed down the generations.

 
Sprott Group's picture

Where Does the Gold Trade Stand





We have all read the latest crop of media articles challenging gold’s investment relevance. The typical approach to bearish gold analysis is to attribute hypothetical fears to gold investors, and then point out these concerns have failed to materialize. Sprott believes the investment thesis for gold is a bit more complex than simplistic motivations commonly cited in financial press. We would suggest gold’s relatively methodical advance since the turn of the millennium has had less to do with investor fears of hyperinflation or U.S. dollar collapse than it has with persistent desire to allocate a small portion of global wealth away from traditional financial assets and the fiat currencies in which they are priced.

 
Pivotfarm's picture

10 Most Expensive Cities in the World





London’s property market is still hell bent on going crazy as if it has overeaten and become over inflated yet again.

 
GoldCore's picture

Gold Ticks Higher In GBP – Property Crash Looms In London?





London high end property prices fall 6.3% in May, prices now 7.4% lower that this time last year. Average house prices in London dwarf those of the rest of the country. London prices average £581,074 - more than 15 times the median salary - whereas the national average is £285,891.

 
Tyler Durden's picture

Jim Rogers On The Coming Water Wars





"Water is one of the great opportunities of our times. If you look at the world there are some huge shortages developing in some parts but there is also a lot of water in other parts, just in the wrong place – like water in Siberia for instance, which is not where most people are. There are going to be wars in the Middle East over oil east of the Red Sea, but west of that there will be wars over water since there are serious water problems in that region." Jim Rogers:

 
Tyler Durden's picture

Peak Population Growth?





"The UN's forecasts misrepresent underlying demographic dynamics - the future we face is not one of too much population growth, but too little."

 
Tyler Durden's picture

Belligerent US Refuses To Cede Control Over IMF In Snub To China





Even as the establishment of new supranational lenders suggests the US-dominated multilateral institutions that have characterized the post-war world are proving unable to meet the needs of modernity, both Congress and the President have stymied IMF reform measures, sending a message to China and others that US hegemony will not die without a fight.

 
GoldCore's picture

Gold Up 2.5%, Silver Surges 7% In Week as Bond Market Quakes





Gold surged through its 100-day moving average at $1,210 per ounce like a knife through butter on Wednesday after the poor retail sales number. Silver’s nearly 7 per cent gains means that it is set for its biggest weekly gain in two months. 

 
Tyler Durden's picture

The Regulatory State: Central Planning & Bureaucracy On A Rampage





Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices. If U.S. federal regulation was a country, it would be the world’s 10th largest economy, ranking behind Russia and ahead of India. Economy-wide regulatory costs amount to an average of $14,976 per household – around 29% of an average family budget of $51,100."

 
Tyler Durden's picture

Varoufakis Has Futuristic Greek Debt Plan That "Fills Mario Draghi's Soul With Fear"





Germany throws its support behind a Greek referendum on euro membership while Putin invites Athens to join BRICS Bank. Meanwhile, Yanis Varoufakis has a plan for resolving Greece's debt problem — and he imagines the ECB chief is terrified of it. 

 
Tyler Durden's picture

Caught On Tape: Moment Of Deadly Amtrak Train Crash





Amtrak Regional 188, with over 200 passengers aboard, was traveling at 106 mph just before "the entire train derailed" in Philadelphia, federal investigators said Wednesday, according to NBC News, more than twice the speed limit at the curve where it hurtled off the tracks. With the death toll now raised to seven, and officials still unable to account for everyone on board, Philadelphia Mayor Michael Nutter exclaimed, "I don't believe that anyone standing here today has any memory of a derailment of this kind in 50 years," and judging by the following clip - we are stunned the fatality count was so low.

 

 
Tyler Durden's picture

Payroll Friday (aka Bubblevision's Live Action Romper Room)





In short, the very project of counting “jobs” is essentially laughable in the context of the US economy as it is currently structured - for better or worse. But regardless of the equities and efficiencies of the current labor market, one thing is abundantly clear. The Payroll Friday report amounts to virtually meaningless noise. It is bad enough that the bubble vision Romper Room and the casino robo-traders are oblivious to this reality. What is scary is that the Eccles Building is just as clueless.

 
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