Archive for the ‘India’ Category

Reserve Bank of India, the central bank of the Indian government, sold off $6.7 billion in US dollar reserves to buy 200 tons of gold on November 3. The move came as a surprise to investors and shot up the price of gold to $1086 per ounce.

breadIndia’s Finance Minister Pranab Mukherjee said the move was a strategic decision to build more wealth inside of India and move away from Western influence, because, as he put it, “Europe collapsed and North America collapsed.”

Americans need to worry about this for three reasons:

1) central banks tend to be more conservative since they unofficially signal the mood of their government. But if other countries see that major central banks are now openly dumping dollars, they’ve no reason to hold off themselves. 

2) India’s central bank has a heavy hand in regulating the currency exchange. The rupee has been tied to the dollar for several years, but lately there has been growing pressure from the Indian people to change that. Since much IT and customer service work is outsourced to India, a strong rupee would destroy profit margins for American companies.

3) Russia has been courting India as a possible ally for some time. If India truly believes the West has collapsed, they will gravitate to Russia and China where the future is percieved to lay.

With more investment firms like CIT continuing to fail, it’s getting harder for the US government to convince investors that America isn’t in the midst of a slow-motion collapse. Unless our economy makes a miraculous recovery, and soon, India’s warning will become a self-fulfilling prophesy as more central banks join the exodus.

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Last century the two largest Eastern powers, Russia and China, were prevented from uniting forces against the West by three main factors.

1. A deep cultural divide.
2. A schism in their interpretations of Communist ideology.
3. A very well-placed mistrust of each other.

Now, however, the Bear and the Dragon are negotiating terms in an unholy alliance that may produce offspring deadly to the US.

Russian Prime Minister Vladimir Putin on Wednesday wrapped up a three-day visit to the Chinese capital, during which Russia signed dozens of commercial pacts worth $3.5 billion and set the framework for a separate, multibillion-dollar agreement to build two natural gas pipelines to China from gas fields in Russia’s Far East. The agreement highlights the determination of both nations to diversify their economies and seek new customers and vendors. It also reflects a political desire by both to steer a course independent of Western powers and especially the United States.

Sounds innocuous enough, until you take a few other factors into account.

“Russia and China have become genuine and comprehensive strategic and cooperative partners in recent years,” Putin was quoted by Xinhua as saying.

Rumblings from the Bear-

If Russia rises, it means that the USA falls down.- Pravda (check out their link in ‘USA’)

Russia holds military maneuvers with communists in South America.

Russia’s Big Military Spending Plans

Russia holds military maneuvers with Iran.

Moscow fiercely opposes US missile shield. (And gets its way..)

Russia signs arms pact with India.

Russia ‘warns’ US on missile defense.

Russian Prime Minister Vladimir Putin criticized talk of sanctions against Iran on Wednesday, undermining U.S. efforts to present a united front against Tehran’s nuclear program at a crucial moment.

Russia Officially Declares Right to Nuke Potential Aggressor – Pravda (aka, All the Stuff That the US MSM Won’t Print)

Today, also in Pravda- “Russia and India will start the development of a new supersonic missile nearly invincible to interception.”

As for the Dragon-

National Intelligence Director Dennis Blair told the U.S. Congress the Chinese have become more assertive in staking claims to international waters around economic zones and were “more military, aggressive, forward-looking than we saw a couple years before”

An increasingly acrimonious trade dispute between China and the United States over the past three days is officially about tires, chickens and cars, but is really much broader.

The Chinese government is now spending it’s U.S. dollar-holdings faster than it is accumulating them.

China has fifth largest gold reserves.

Beijing has dismissed Washington’s charges of steel pipe dumping and subsidies as “blind accusations”.

Beijing’s derivative default stance rattles banks.

China will limit easy monetary stance.

And we’re sucking up to them so they won’t destroy us. Sickening. Not to mention, futile. As our largest debt-holder, we subsist on scraps from their table now.

Despite the election of a stark-raving socialist to power in the US, the rest of the socialist/fascist world still hates us. You can’t wipe out three generations worth of loathing in a single Presidential term.

The Left’s insidious subversion of America’s Judeo-Christian culture is swiftly nearing fruition. While the secular socialists running most of the rest of the world couldn’t take us down with brute force, their ideological compatriots have been gnawing away at our framework from the inside. Hence, “We’re All Socialists Now” was blithely printed in Newsweek shortly after Obama’s coronation.

Time is swiftly running out to reverse the tide, does sufficient will to try still exist in the hearts of the people? For a beautiful paean to America, see here.

Candance contributed to this article.

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