Analysis of Indian news dated 10-Jul-2012
July 10, 2012
Tata Motors will buy auto parts from China. This is good for China; bad for India. Why cannot India produce auto parts?
India has high taxes and too much bureaucracy. So it is cheaper for companies to import from China and just assemble the parts in India.
India attempts to restrict this assembly by raising import duties. But a better method would be to lower taxes in India and eliminate most bureaucratic hurdles.
Iceland is pretty much the only country in the Western world to have gone through a horrific financial crisis and come out the other side. How did they achieve this feat? Well, they gave the bankers the middle finger. Meanwhile, what have people gotten in the U.S. and Western Europe in return for bailing out the pampered, leveraged speculating banks that couldn’t make a dime without government backing? Debt slavery for the people, bigger, more powerful and increasingly dangerous financial institutions and unelected technocratic Goldman Sachs puppets as heads of state. Well at least one country got it right. Go Iceland!
During the crisis, Iceland did many things different from its European counterparts. It let its three largest banks fail, instead of bailing them out. It ensured that domestic depositors got their money back and gave debt relief to struggling homeowners and to businesses facing bankruptcy.
Iceland decided to initiate an extensive criminal investigation into the financial debacle. Many members of the old banking elite have been identified as possible suspects, and some of their cases are beginning to come to trial; several people were convicted of financial crimes last month.
Argentina’s central bank formally bans people from buying dollars for the purpose of saving them, confirming the government’s de facto policy aimed at safeguarding foreign reserves. Argentinians tend to convert their pesos into greenbacks as a hedge against high inflation and to protect against potential currency devaluations, which they have endured through decades of boom and bust economic cycles.
I say, Argentinians should invest in precious metals. It is lot better than dollar.
Thomas Andrews Drake says NSA of USA violates USA constitution. NSA spies on citizens without any warrant. USA government, under patriot act, has unrestricted access to information stored by Google, Facebook, Twitter, etc. USA is now a surveillance society.
Sprint now has 221 employees dedicated to processing and responding to government requests for its data, while AT&T has more than 100.
USA passes a law that allows President to control communications “under all circumstances to ensure national security, effectively manage emergencies, and improve national resilience.” What does this mean?
This means that
- There will be a “false flag” soon.
- Obama will use this power to restrict communication.
- Obama will declare war on Syria or Iran or both.
This is just a way of restricting protests, when Obama declares an illegal war. Restrict communication and people cannot organize easily.
Buy physical gold and silver to protect yourself. If you cannot touch it, you don’t own it. Exit all paper investments including ETFs, stocks, PF, PPF, NSC, etc.
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