Tag Archives: Asia

India Pledges Rupee Action as Currency Nears Fresh Low

Posted on by

“On Tuesday, traders were rattled after Subbarao said the central bank would return to a pro-growth monetary stance only once the currency stabilised. Separately, Finance Minister P. Chidambaram said the government was looking into liberalising foreign direct investment rules, attracting funds from non-resident Indians and clamping down on the import of non-essential items such as electronics. ‘There’s no rocket science in manufacturing basic electronic hardware … So we can manufacture electronic hardware goods here,’ he told a news conference in New Delhi.”

http://www.nytimes.com/reuters/2013/07/31/business/31reuters-india-economy.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Jim Rogers: “Nothing Good In India”

Posted on by

“If you know Jim’s story, you probably know that this man was born to be one of the greatest investors of all time. Selling peanuts at the age of five to getting a job in Wall Street at the age of 22 to starting his first index fund with George Soros at the age of 31, Jim has had a meteoric rise in the investing world.  And what’s even more interesting about him is that he likes to break rules as an investor. He is famous for his contrarian calls and controversial ideas.  In fact, he proved it again in our interview, when he went ahead with his latest commentary on the Indian economy, and said: ‘I am short India.'”

http://www.equitymaster.com/websummit/investor-education-initiative.aspx?title=A-Talk-With-Jim-Rogers&regSrcId=219&ws=23&aff=hp-plug

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

ANZ opens Gold vault in Singapore

Posted on by

“Singapore gold investors now have another option when it comes to stashing their gold.  New Zealand’s biggest banking group, ANZ, has announced that it has opened a gold vault in the Singapore. The bank’s vault has the capacity to house 50 tons of gold.  According to the bank, close to 15% of the world’s primary production, and counts among its clients central banks and sovereign wealth funds. ‘Singapore is strategically located between the world’s top two gold producers, China and Australia, as well as the world’s largest consumption markets,’ said ANZ co-head of fixed income, currencies and commodities, Eddie Listorti.”

http://www.scrapregister.com/news/1316/anz-opens-gold-vault-in-singapore

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Copper And Gold Flowing From Turquoise Hill – Part I With Harris Kupperman

Posted on by

“The whole country is basically a boomtown.  It’s one of these funny places where you really need to be on the ground to understand it.  So you have a country that five, ten years ago didn’t have that much in the way of wealth, and the average citizen wasn’t making that much money.  And suddenly they’ve gotten really high paying jobs in the mining sector, and they’re making a few thousand U.S. dollars a month. Prior to this mining project, some of them weren’t making that much in a whole year. All of this newfound wealth is entering the economy. It’s creating a middle class. It’s creating a booming economy.”

http://dailyresourcehunter.com/copper-and-gold-flowing-from-turquoise-hill-part-i-with-harris-kupperman/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Official refuses to resign after saying Japan should follow Nazis’ constitution overhaul

Posted on by

“‘The German Weimar constitution changed, without being noticed, to the Nazi German constitution. Why don’t we learn from their tactics?’ Days later, Aso insisted he had been misunderstood and that he was not praising Nazi leader Adolf Hitler’s political prowess, but rather saying constitutional reform should be not be influenced by media criticism or animosity from Japan’s neighbours.  Aso is known for his sometimes clumsy and uncomfortable remarks, including saying earlier this year that elderly people should ‘hurry up and die’ to avoid taxing the country’s medical system.”

http://www.rawstory.com/rs/2013/08/02/official-refuses-to-resign-after-saying-japan-should-follow-nazis-constitution-overhaul/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Brawl breaks out in Taiwanese legislature over planned nuclear plant

Posted on by

“Taiwanese lawmakers hurled water and wrestled each other to the floor of the island’s parliament Friday in a brawl which broke out during a debate on the fate of a controversial nuclear plant. Dozens of lawmakers from opposing camps clashed as they tried to seize the chamber’s podium and splashed water from cups and plastic bottles at each other. Two scuffling lawmakers from opposing parties fell onto the floor before they were pulled apart by others in footage broadcast live on television. The fourth nuclear plant is about 90 percent complete and due to come online in 2015, according to its operator the state-owned Taiwan Power Company (Taipower).”

http://www.rawstory.com/rs/2013/08/02/brawl-breaks-out-in-taiwanese-legislature-over-planned-nuclear-plant/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bitcoin is NOT illegal in Thailand?

Posted on by

“‘I can confirm that Bitcoin is not illegal [in Thailand],’ says BTCXpert and former Bank of Thailand employee Frankie Bishop. An official announcement on Bitcoin has yet to be made by the Bank of Thailand, and none of the Thai media channels report any such announcement. The Bank of Thailand does not decide the legality of Bitcoin. Any regulations on crypto-currencies in Thailand will need to go through its formal process like Bitcoin does in other countries. None of the ‘Roles and Responsbilities’ listed by the Bank of Thailand give it authority to determine the legal status of any currency.”

https://btcglobal.net/blog/post/bitcoin-is-not-illegal-in-thailand

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

“Hurry Up and Die”: The Inescapable Outcome of Socialized Medicine

Posted on by

“Since the old generally require more — and more expensive — medical treatment than the young, the increasingly aged population is putting a severe strain on Tokyo’s health care budget.  One Japanese politician, however, has come up with a solution: Just let the elderly die, instead of treating them.  That is, in fact, what is already happening in Great Britain, a country that has suffered under socialized medicine for 65 years. There, under a program of sedation and dehydration called the Liverpool Care Pathway (LCP), National Health Service (NHS) hospitals euthanize about 130,000 people a year.”

http://fff.org/explore-freedom/article/hurry-up-and-die-the-inescapable-outcome-of-socialized-medicine/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Who Really Started the Korean War?

Posted on by

antiwar_logo4

“We were fighting on behalf of Syngman Rhee, the US-educated-and-sponsored dictator of South Korea, whose vibrancy was demonstrated by the large-scale slaughter of his leftist political opponents. For 22 years, Rhee’s word was law, and many thousands of his political opponents were murdered: tens of thousands were jailed or driven into exile. Whatever measure of liberality has reigned on the Korean peninsula was in spite of Washington’s military presence. When the country finally rebelled against Rhee, and threw him out in the so-called April Revolution of 1960, he was ferried to safety in a CIA helicopter as crowds converged on the presidential palace.”

http://original.antiwar.com/justin/2013/07/28/who-really-started-the-korean-war/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

India’s falling GDP growth, financial inclusion and likely impact on Gold

Posted on by

“Governments have urged public sector banks to take up financial inclusion as a top priority and several initiatives have been taken to take banking to the door steps of the rural households. The lack of a well-developed banking system with sufficient penetration in rural areas could be a major reason for people to invest their savings in gold coins and jewellery. But the introduction of Aadhaar (universal identification system), and linking payment of subsidies through Aadhaar linked bank accounts could in course of time force people to think of alternatives to investing in gold, if they are found to be providing risk free returns.”

http://www.bullionstreet.com/news/indias-falling-gdp-growth-financial-inclusion-and-likely-impact-on-gold/5306

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet