Alt/Indie News

Paul Craig Roberts: Manipulations Rule The Markets

"Until a whistleblower speaks, we cannot know for certain, but my conclusion is that the Fed understands that it must protect the dollar from being driven down by QE and that the orchestrated takedowns of gold are part of protecting the dollar’s value, and perhaps also the cutback in QE is a part of the protection by signaling an end of money creation. The Fed also understands that it cannot forever drive down the gold price and that it cannot forever pour liquidity into stock and bond markets. To retreat from this policy without crashing the edifice requires successful orchestrations. Therefore, we are likely to experience more of them in the days to come." Continue reading →

Continue ReadingPaul Craig Roberts: Manipulations Rule The Markets

Even more smuggled gold enters India

"In the biggest ever catch at the Hyderabad airport, customs officials have seized 18 kilograms of gold and arrested three people. The trio had arrived from Singapore and were hiding the gold bars in their trousers and shoes. In another incident, officials of the customs department recovered gold hidden in dates from a man who landed at the Pune International Airport. Investigation revealed that the seeds of these dates had been replaced with gold beads wrapped in black packets. Gold seizures have almost doubled for the period 2013-2014. Whistleblowers who help bust illegal gold shipments can get a bigger reward in India than those who help catch cocaine and heroin smugglers." Continue reading →

Continue ReadingEven more smuggled gold enters India

Get Ready for Confiscation

"Once it has sunk in that such a move is perfectly acceptable in Europe, the US will declare its own bail-in policy. Those who still cling to some hope that there may be some good news here, may say, 'Well, at least if I have less than €100,000 on deposit, I can still call that my own.' These folks will be the same ones who are relieved that they are likely to be left out of a 'one-time' wealth tax that is currently being floated as another solution to the exorbitant operating costs of governments. However, any government that steals your money once is likely to have another go at a later date. And another and another. Once they are accepted at all—for any reason—governments tend to repeat them." Continue reading →

Continue ReadingGet Ready for Confiscation

Get Ready for Confiscation

"Once it has sunk in that such a move is perfectly acceptable in Europe, the US will declare its own bail-in policy. Those who still cling to some hope that there may be some good news here, may say, 'Well, at least if I have less than €100,000 on deposit, I can still call that my own.' These folks will be the same ones who are relieved that they are likely to be left out of a 'one-time' wealth tax that is currently being floated as another solution to the exorbitant operating costs of governments. However, any government that steals your money once is likely to have another go at a later date. And another and another. Once they are accepted at all—for any reason—governments tend to repeat them." Continue reading →

Continue ReadingGet Ready for Confiscation

Farce of Globalism: World Bank Becomes Top Cop?

"The World Bank has a new mission. The Economic Times tells us that the World Bank has a new enemy to confront. It is not poverty but 'corruption.' The reason that these enormous global facilities are receiving more and more power and authority is not because they work well or even work at all. It is because the internationalists who set them up want them to expand as a way of building world government. Call it directed history. These agents of globalism will continually acquire power no matter the reality of their missions. They were never what they appeared to be. In the 21st century, it becomes increasingly apparent as the Internet Reformation era advances." Continue reading →

Continue ReadingFarce of Globalism: World Bank Becomes Top Cop?

China puts out yet another credit market fire with more liquidity

"The People’s Bank of China announced that it had injected cash into the short-term credit markets. While the PBOC does that regularly—twice a week via its regular, publicly announced open market operations—the cash injection that it announced today was a different kind of mechanism known as a short-term liquidity operation or SLO. It directs the central bank’s money to 12 large Chinese banks seen as crucial to the stability of the system. That the central bank has been so quick to try to ease stress in short-term markets indicates that policy makers are leery of repeating last-summer’s severe credit crunch." Continue reading →

Continue ReadingChina puts out yet another credit market fire with more liquidity

Australian Bank Publishes Report ‘Bitcoin to replace AUD?’

"The National Australia Bank (NAB), one of Australia’s ‘Big Four’ banking groups, published a three-page research paper on 19th December titled 'Bitcoin to replace AUD?' (Australian dollars). Despite the provocative title, the paper does not suggest replacing the national currency with bitcoin, nor say it could happen in the near future. Rather, it is an explanation of bitcoin and a comparison of the nature of digital currencies with existing sovereign currencies, and how they fit into the current international financial system. Bitcoin could well become a widely accepted medium of exchange, the paper said, but it would take many more years to achieve mainstream acceptance." Continue reading →

Continue ReadingAustralian Bank Publishes Report ‘Bitcoin to replace AUD?’

Singapore government decides not to interfere with Bitcoin

"The Monetary Authority of Singapore (MAS), the country’s central bank, has decided not to intervene on whether businesses can accept Bitcoin as a means of transacting goods and services. 'Whether or not businesses accept Bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene,' it told Singapore-based Bitcoin trading platform Coin Republic in an email. Singapore is one of the world’s top finanacial hubs that is increasingly seen as a challenger to Switzerland’s private baking dominance. The last time MAS issued a statement on Bitcoin was in September, when it warned speculators about the risks of trading the cryptocurrency." Continue reading →

Continue ReadingSingapore government decides not to interfere with Bitcoin

Bitcoin trading illegal in Iceland according to Icelandic Central bank

"It is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act. A written response from the Central Bank of Iceland to Morgunblaðið states that the Foreign Exchange Act specifies general restrictions on foreign exchange trading and capital movements between countries. 'It does not appear that the provisions of the Act that exempt goods and services from the aforementioned restrictions can be applied to trading in Bitcoin or that other exemptions from restrictions of the Act apply to such transactions,' the Central Banks's response states." Continue reading →

Continue ReadingBitcoin trading illegal in Iceland according to Icelandic Central bank

Sweden moves closer to a cashless society with new business registry

"The troublesome legislation does not end with a government registry and yet another extraction of resources from the citizens. Businesses must now in many cases also violate the privacy of its customers. According to the law, businesses or their employees must obtain detailed knowledge about its customers and also ask for their identification. Any suspicious activity should be reported to the financial police. Funnily enough businesses does not have to obtain knowledge about their customers if they are dealing with Swedish authorities or with banks and insurance companies. Article 2 section 5 of the law states that these are exempt." Continue reading →

Continue ReadingSweden moves closer to a cashless society with new business registry