Monthly Archives: August 2013

Financial Times Sees “Endless Cycle Of Bubble, Financial Crisis And Currency Collapse”

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“It’s funny: nearly five years ago, when we first started, and said that the world is doomed to an endless cycle of bubble, financial crisis and currency collapse as long as the Fed is around, most people laughed: after all they had very serious reputations aligned with a broken and terminally disintegrating economic lie. With time some came to agree with our viewpoint, but most of the very serious people continued to laugh. Fast forward to last night when we read, in that very bastion of very serious opinions, the Financial Times, the following sentence: ‘The world is doomed to an endless cycle of bubble, financial crisis and currency collapse.'”

http://www.zerohedge.com/news/2013-08-28/financial-times-world-doomed-endless-cycle-bubble-financial-crisis-and-currency-coll

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Pay me in gold: Romania’s new term as it gets more of Rosia Montana

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“One completely new aspect of the agreement between Gabriel and the Romanian government is over payment of the royalty. Romania can opt to be paid in gold bullion, which could be a fair amount of gold in the end, with total delivery measured in tonnes not ounces. The six percent royalty is on gross revenue. Romania can take the equivalent value in gold. As a Gabriel spokesperson put it, ‘essentially they can request six percent of the value of our production.’ It could – emphasis on could – mean Romania hauls in some 15 tonnes of gold, life of mine. That, in turn, amounts to about 15 percent of Romania’s official gold reserves, which are just over 100 tonnes.”

http://www.mineweb.com/mineweb/content/en/mineweb-exploration?oid=202844&sn=Detail

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Jim Rogers: Prepare for market panic

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“Potential conflict in Syria and the scaling back of Fed stimulus point to a full-scale market ‘mess,’ says investor Jim Rogers, with the countries running trade deficits likely to be hardest hit.”

http://www.reuters.com/video/2013/08/28/prepare-for-market-panic-jim-rogers?videoId=260178527

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India gold price at all-time high

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“As we have discussed in previous articles, gold is synonymous with savings and security for many of India’s 1.24 billion people and recent events clearly show why. With capital leaving the country, investors fleeing the stock market and dumping Indian bonds, the only asset that has protected capital has been gold. In fact, holders of gold have prospered in an environment where there are few safe assets. The RBI has attempted to make gold ownership difficult and expensive for Indian buyers by restricting imports and increasing taxes, yet the chart below is evidence they have failed in their campaign.”

http://www.sprottgroup.com/thoughts/articles/chart-of-the-week-india-gold-price-at-all-time-high/

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Indians Who Bought Gold, Won. Those Who Didn’t, Lost.

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“The idiot Keynesians who ran the Bank of India destroyed the rupee. In India, fathers buy gold for their daughters’ dowries. They don’t buy rupees. India put a tax on gold imports in a vain attempt to save the rupee. It didn’t work. The government hates it when Indians buy gold. This shows a lack of faith in the government. That lack of faith is well deserved. The government said that Indians who bought gold were making a big mistake. But it turns out that Indians who trusted the government’s rupee made the big mistake. If you think it can’t happen here, you could wind up like all those Indians who have lost a quarter of their wealth in recent months. They believed their government. Silly them.”

http://teapartyeconomist.com/2013/08/29/indians-bought-gold-won-didnt-lost/

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Gold’s Protective Power In Action: India’s Ongoing Currency Destruction

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“Although the Indian currency has been falling against the dollar for four decades now, it certainly is in an accelerating downtrend lately. The following paragraphs, quotes and charts paint a picture of a country desperately trying to save its economy and currency. The victims of this situation are of course the citizens. In their attempt to run to gold, they are stopped by their own government. How ironic is this situation when looking as an outsider. Did you ask yourself: am I prepared if this situation hits my country? In this global currency war, that just started two years ago and is expected to last till at least 2020, every country will be hit sooner or later. Are you prepared?”

http://goldsilverworlds.com/money-currency/golds-protective-power-in-action-indias-ongoing-currency-destruction/

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India Bans All Gold Coin Imports, Increases Capital Controls

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“Not satisfied with raising import tariffs on gold and putting in place jarring new FX flow capital controls, it seems the war on a weakening Rupee continues. We previously discussed the unintended consequence of such actions – including the rise of the gold smuggler – but the latest total ban on the importation of gold coins and medallions is edging India closer and closer to the Argentinian edge of Cristina Fernandez totalitarianism (after the initial ban on sales in June). In an effort to ‘moderate outflows’ of Rupee, the Indian central bank slashed the amount of money families can send out of the country per year to $75k and limited overseas investment to 100% of net worth (from 400%).”

http://www.zerohedge.com/node/477636

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How To Cash Checks From America’s Water Needs

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“In the most recent study and analysis by the EPA, 73,400 water systems are at risk of putting contaminated water into homes, businesses and agricultural operations across the nation. Fixing the problems is expected to cost at least $384 billion — but we won’t really know until we actually dig into the water systems… many of which were built a century or more ago. Then there’s the matter of aging piping. Every day, on average, there are 850 water main breaks. Since 2000, the number of failed water pipes is some 4.2 million.  Fixing all the known pipe problems would cost another $549 billion.  These are fixes required by the EPA under the Safe Drinking Water Act.”

http://dailyresourcehunter.com/how-to-cash-checks-from-americas-water-needs/

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Turning Off The Spigot In Western Kansas Farmland

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“Big irrigated fields of corn in this part of the country are taking water out of underground aquifers much faster than rain or snow can fill those natural reservoirs back up. If Kansas farmers keep pumping water out of the High Plains aquifer as they have in the past, the amount of water they’re able to extract will start to fall in just 10 years or so. They’ll still be able to continue harvesting more corn for another generation, though, because technology will let them use that water more efficiently. But after that, even the latest technology won’t save the corn fields. Irrigated fields will start to disappear, followed by cattle feedlots. The long expansion of agricultural production in western Kansas will end.”

http://wunc.org/post/turning-spigot-western-kansas-farmland

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The cost of being the world’s No.1 uranium producer

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“Kazakhstan has steadily risen to become the world’s No. 1 uranium producer, surpassing such nations as the United States, Canada, and Australia, which require more cleanup. Rather than employing miners to haul rock up to the surface, mine operators in Kazakhstan have embraced a newer – and generally cleaner – process by which a chemical solution is injected down a pipe to dissolve the underground uranium deposits and then is sucked back up to the surface. This in situ leach (ISL) method avoids making a mess above ground, but leaves toxic levels of heavy metals in the ground water.”

http://www.csmonitor.com/World/Asia-South-Central/2013/0828/The-cost-of-being-the-world-s-No.1-uranium-producer

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