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Secret Iran Gold Holdings Leaked: Tehran Holds Same Amount Of Gold As United Kingdom, And Is Buying More
While it will not come as a major surprise to most, according to senior BOE individuals and Wikileaks, Iran, as well as Qatar and Jordan have been actively purchasing gold well over the amount reported to and by the IMF, in an accelerated attempt to diversify their holdings away from the US dollar. “Iran has bought large amounts of gold in the international market, according to a senior Bank of England official, in a sign of how growing political pressure has driven Tehran to reduce its exposure to the US dollar. Andrew Bailey, head of banking at the Bank of England, told an American official that the central bank had observed “significant moves by Iran to purchase gold”, according to a US diplomatic cable obtained by WikiLeaks and seen by the Financial Times.” The reason for Tehran’s scramble into gold: “an attempt by Iran to protect its reserves from risk of seizure”. The misrepresentation of Iran’s holdings could be so vast that Iran could possibly be one of the largest holders of goldin the world. “Market observers believe Tehran has been one of the biggest buyers of bullion over the past decade after China, Russia and India, and is among the Read more…
India watchful of threat from China
NEW DELHI: “India is conscious and watchful of the implication of China’s evolving military profile in the immediate and extended neighborhood,” says Indian Defence Ministry’s Annual Report for 2010-11.
Even as the report says that the country’s relation with China are of “crucial importance” and its policy is to engage Beijing is based on principles of “mutual trust and respect and sensitivity for each other” it has made it obvious that Chinese specific military preparations by India are under consolidation and will gain momentum in future.
Indian military formations, till now have been mostly field formations capable of undertaking operations in plains and not high altitude mountainous terrain which comprises country’s borders with China.
The rising military budget has enabled India to raise mountain divisions and shop for weapon systems that can help her conduct operations against China. India has already raised two mountain divisions comprising 25,000 to 30, 000 troops for deployment along the Chinese borders in Arunachal Pradesh and has started deploying IAF Squadrons closer to Chinese borders. The IAF has Read more…
Russia warns of “full-scale military action” following Security Council vote on Libya
AFP Photo / Adek Berry
Following a decision by the UN Security Council to take “all necessary measures” against Libyan leader Muammar Gaddafi, Russian politicians and experts are warning of further destabilization in the region.
The UN Security Council voted on Thursday to impose a no-fly zone, which includes the possible use of military force, against pro-Gaddafi forces.
Presently, the Libyan strongman’s military is successfully beating back a large anti-government uprising, and is in the process of consolidating his forces around Benghazi, a city to the north where the “interim Libyan government” is penned in.
Diplomats said the resolution, which was written in the eleventh hour of the Libyan conflict, allows for a wide range of actions, including strikes on air-defense systems and missile attacks from ships.
Indeed, full-blown military activity could commence “within hours,” they said.
Russia and four other council members – China, Germany, Brazil and India – abstained from Read more…
Time to Trade Stocks and Silver for Gold?
Market professionals and experienced investors consider it to be common knowledge that silver has more real-world uses than its precious metal sister gold. Silver is used in coins, photography, batteries, bearings, electronics, and mirrors. Silver also aids in numerous medical applications and even contributes to helping capture and use solar energy. The Silver Institute describes “silver uses” as follows:
Demand for silver is built on three main pillars: industrial and decorative uses, photography, and jewelry & silverware. Together, these three categories represent more than 95 percent of annual silver consumption. In 2007, 455.5 million ounces of silver were used for industrial applications, while over 128 million ounces of silver were committed to the photographic sector, 163.4 million ounces were consumed in the jewelry market, and 58.8 million ounces were used in the silverware market.
Why is this indispensable metal in such demand? The reasons are simple. Silver has Read more…
‘The West is to be forgotten. We will not give them our oil’ – Gaddafi
This is just the first step in a long line for the US on not receiving any oil that is pumped from any country in the Middle East resulting in third world status. Lindsey Williams mentioned it on the Alex Jones Show almost a month ago.
http://rt.com/news/libya-oil-gaddafi-arab/
Libyan leader Muammar Gaddafi dismissed his Western partners in an exclusive interview to RT, saying he will give all the country’s oil contracts to Russia, China and India.
“We do not believe the West any longer, that is why we invite Russian, Chinese and Indian companies to invest in Libya’s oil and construction spheres” Gaddafi told RT in an exclusive interview about how he sees the current situation in Libya and the international reaction to events there.
“He condemned the Western powers, saying Germany was the only country with a chance of doing business with Libyan oil in the future. “We do not trust their firms – they took part in the conspiracy against us.”
The Libyan leader also added that as far as he is concerned, the Arab League has ceased to exist since it stood up against his country.
According to Gaddafi, the recent upheavals in his country were a “minor event” planned by Al Qaeda that will soon end.
Meanwile, Libyan Deputy Foreign Minister Khaled Kaim promised that Libya will honor Read more…
The Causes of Rising Food Prices
Food prices are rising quickly around the world. Part of the problem is weather. The winter wheat crop in China has been poor. Australia has suffered floods, while Russia has undergone a drought. The earthquake and tsunami in Japan, no doubt, will hammer the very intensive agricultural production of the limited arable land on that archipelago. Weather-related agricultural problems, however, balance out fairly quickly. Mythical “global warming” aside, weather has ups and downs, and farmers, who are smart folks, take that into account. The Soviet Union, whose vassal state the Ukraine was once one of the best farmlands on earth, never managed to feed its people well, because a communist-controlled economy destroys Read more…
Indian Opposition Leader Urges Change to “No-First-Use” Policy
A senior member of India’s main political opposition party on Tuesday called for changing the nation’s longstanding policy of “no-first-use” of its nuclear arsenal, the Indian Express reported (see GSN, Nov. 1, 2010).
(Mar. 16) – Indian Bharitaya Janata Party lawmaker Jaswant Singh, shown last year, on Tuesday urged his country to alter its “no-first-use” nuclear weapons policy (Farooq Naeem/Getty Images).
“I am of the view that the policy-framework that the [National Democratic Alliance] devised in 1998 is very greatly in need of revision because the situation that warranted the enunciation of the policy of ‘no-first-use’ or ‘nonuse against non-nuclear weapons [states],’ ‘credible deterrence with minimum force,’ etc. has long been overtaken by Read more…
India #1 for Arms Imports Over Last 5 Years
India (NEWSTABULOUS) – Arms importers: You would probably be surprised to know that over the last five years, the most weapons have been imported by India.
According to “Yahoo Finance”, The Stockholm International Peace Research Institute (SIPR) said, as it released its latest report on trends in the international arms trade, “India is the world’s largest arms importer”.
The largest arms suppliers have been in competition to trade with Arab countries involved in the current pro-democracy and anti-government uprisings, including Libya.
Of the total amount of international arms received during 2006-2010, 9% were received by India, and Russia was responsible for 82% of the imports by India. India’s imports of arms skyrocketed 21% from the prior 5 year span and 71% of orders were for Read more…
Recent droughts and floods have contributed to increases in food prices
These are pushing millions more people into poverty and hunger, and are contributing to political instability and civil unrest. Climate change is predicted to increase these threats to food security and stability. Responding to this, the world’s largest agriculture research consortium today announced the creation of a new Commission on Sustainable Agriculture and Climate Change.
Chaired by the United Kingdom’s Chief Scientific Adviser, Professor Sir John Beddington, the Commission will in the next ten months seek to build international consensus on a clear set of policy actions to help global agriculture adapt to climate change, achieve food security and reduce poverty and greenhouse gas emissions.
There is a rich body of scientific evidence for sustainable agriculture approaches that can increase production of food, fiber and fuel, help decrease poverty and benefit the environment, but agreement is needed on how best to put these approaches into action at scale. Evidence also shows Read more…
Details About India and China’s Plans to Stockpile Crude Oil
Energy expert Matt Badiali writes in DailyWealth that plans out of China and India to create strategic oil reserves of their own could put a floor under the price of oil for years to come:
China and India are faced with the same dilemma the U.S. faced in 1973. Neither country has enough petroleum to keep its citizens rolling for long. Both are exposed to a dangerous, economy-killing oil shock. And both are starting to build and fill strategic petroleum reserves of their own. They have no choice but to buy oil like crazy at these levels.
China has about 102 million barrels already in reserve. It plans to add another 168 million barrels of storage starting this year. It will finish its planned 500 million barrel reserve – equal to three months of imports – by 2020. To hit that mark, China will need about Read more…
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