Infinite Unknown

-  #Radioactive Asia: There Will Be 100 Additional Nuclear Reactors in Asia in 20 Years (EX-SKF, Feb 16, 2013):

As far as Asians are concerned, the Fukushima nuclear accident seems to have encouraged them to embark on new nuclear projects.

They probably look at Japan, and say, “Well their government has said all along there is no bad effect from triple meltdowns and melt-throughs, and people don’t seem to care anyway, so what’s there to lose? Not much.”

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Tags: China, Global News, India, Indonesia, Japan, Nuclear, Nuclear reactors, South Korea, Taiwan, Technology, Vietnam

- Gold: It’s For More Than Just Wealth Preservation (ZeroHedge, Jan 6, 2013):

Presented with little comment, aside to note that 32-year-old Indian Datta Phuge, thought this $25,000 solid gold shirt would be just right to attract female attention: “I know I am not the best looking man in the world but surely no woman could fail to be dazzled by this shirt?” So much for the yellow metal being a barbarous relic.

Source: Daily Mail

Tags: Global News, Gold, India, Society

- GM food labelling comes into force amid fears over ‘lack of planning’ (Daily Mail, Jan 1, 2013):

On New Year’s day, India joined a select band of countries where food containing genetically modified (GM) content must be labelled as such. But it has done so without any preparation.

The labelling of foods with GM ingredients has been a long-held demand of consumer groups, but the way it has been done in India has left them disappointed.

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Tags: Food, Genetically Modified Organisms, Global News, GMO, Government, Health, India, Politics

- Don’t Show Bernanke This Chart Of Gold Loans In India (ZeroHedge, Jan 2, 2013):

One of the Fed Chairman’s most memorable lines in recent history is that “gold is not money… it is tradition.” Perhaps he was merely listening to the Fed’s computers, Ferbus, Edo and Sigma, which we now know form the backbone of US central planning and whose DSGE model output is usually spot on until it happens to be catastrophically wrong, on the issue. Or perhaps that is merely what one is taught (and teaches) in the Princeton economics department. Whatever the reason for Bernanke’s belief, don’t show him this chart from a just released “Report of the Working Group to Study the Issues Related to Gold Imports and Gold Loans by NBFCs” in India, part of a coordinated campaign to minimize Indian gold demand and imports whose direct substitution to “(un)sound money” in the country is one of the reason being attributed for the nation’s high current account deficit (as reported earlier) and why the finance minister said “demand for gold must be moderated.” The chart shows the staggering eightfold increase in India’s gold loans “which monetize the idle gold in the country“, in just four short years. In short it proves that in India, gold is the only real money, and is the only fallback option in a country where inflation is still rampant, and where even simple peasants prefer to keep their wealth not in the local paper currency, which has been losing its value aggressively in recent years, but in the shiny metal. Must be “tradition.” Continue reading »

Tags: Ben Bernanke, Economy, Fed, Federal Reserve, Global News, Gold, India

- India to Buy $3 Bln Worth of Russian Warplanes, Helicopters (Ria Novosti, Dec 24, 2012):

NEW DELHI – Russia is to sell India dozens of combat helicopters and warplanes under two $2.9 billion contracts signed on Monday.

Under one contract, India will buy 71 Mi-17B-5 Hip helicopters worth $1.3 billion, while the other provides for the delivery of assembly kits for 42 Su-30MKI Flanker fighters, worth $1.6 billion.

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Tags: Global News, Government, India, Military, Politics, Russia

- The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies (Economic Collapse, Nov 27, 2012):

By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar.  The rest of the world is watching this nonsense, and at some point they are going to give up on the U.S. dollar and throw their hands up in the air.  When that happens, it is going to be absolutely catastrophic for the U.S. economy.  Right now, we export a lot of our inflation.  Each year, we buy far more from the rest of the world than they buy from us, and so the rest of the world ends up with giant piles of U.S. dollars.  This works out pretty well for them, because the U.S. dollar is the primary reserve currency of the world and is used in international trade far more than any other currency is.  Back in 1999, the percentage of foreign exchange reserves in U.S. dollars peaked at 71 percent, and since then it has slid back to 62.2 percent.  But that is still an overwhelming amount.  We can print, borrow and spend like crazy because the rest of the world is there to soak up our excess dollars because they need them to trade with one another.  But what will happen someday if the rest of the world decides to reject the U.S. dollar?  At that point we would see a tsunami of U.S. dollars come flooding back to this country.  Just take a moment and think of the worst superstorm that you can possibly imagine, and then replace every drop of rain with a dollar bill.  The giant currency superstorm that will eventually hit this nation will be far worse than that. Continue reading »

Tags: Australia, Bonds, Brazil, Chile, China, Collapse, Debt, Dollar, Economy, Fed, Federal Reserve, Germany, Global News, Government, Hyperinflation, Hyperinflationary Depression, India, Inflation, Iran, Japan, Politics, Quantitative Easing, Russia, U.S.

- Global Alien Terror Threat A Reality ! (Veterans Today, Nov 19, 2012):

The Editor World News Tomorrow

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WORLD NEWS TOMORROW - NEW DELHI, INDIA-Adding to the issues besetting nuclear rivals China and India, ranging from border disputes to the Dalai Lama to trade deficits, is a new one: UFOs.”Over 100 UFOs seen along China border,” said a recent headline in the Times of India.

Indian troops guarding the often-tense 2,100-mile border between the Asian giants say the objects seen in recent months are yellow spheres that appear to lift off from the Chinese side, slowly traversing the sky for three to five hours before disappearing. Indian military officials have reportedly ruled out Chinese drones or low-orbit satellites.

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Tags: China, Global News, Government, India, Military, Politics, Technology, Terrorism, UFO

- Global Shadow Banking System Rises To $67 Trillion, Just Shy Of 100% Of Global GDP (ZeroHedge, Nov 18, 2012)

Tags: Banking, cds, China, Collapse, ECB, Economy, EU, Europe, Fed, Federal Reserve, GDP, Global News, India, Japan, Mexico, Quantitative Easing, Switzerland, Turkey, U.K., U.S.

- India May Ban GMO Crop Field Trials for 10 Years (Natural Society, Oct 22, 2012):

It has been a devastating month for Monsanto as nations around the globe continue to enact bans and restraints on the company’s genetically modified crop varieties. India, the same country that hit Monsanto with ‘biopiracy’ charges for patenting life on the planet, is the latest nation to take a stand. The nation’s new expert committee appointed by the Supreme Court of India is now calling upon the Indian government to enact a 10 year ban on all GMO crop field trials for the next 10 years.

The new law would forbid any biotech agencies from testing their latest GMO crops on India’s soil, therefore preventing the serious issue of contamination and environmental damage. Contamination that is much more than an unlikely but problematic scenario. Monsanto has been caught in the past contaminating even organic seed varieties, and has gone as far as to plant their experimental crops before the USDA allowed them to. Thankfully, the organic farmers were able to catch the contamination before it spread.

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Tags: Agriculture, Genetically Modified Organisms, Global News, GMO, Government, India, Monsanto, Politics

- India’s Stock Exchange ‘Closes’ After State Bank ‘Flash-Crash’ (ZeroHedge, Oct 5, 2012):

While we have grown accustomed to the daily gyrations on mega-volume in the US equity markets, it seems the HFT-virus has spread as far afield as India this evening. India’s National Stock Exchange was halted – with no price dissemination – as State Bank of India plunged over 14% in seconds on massive relative volume (and HDFC and Infosys also fell), dragging the Nifty Index down 3%. Of course, the ‘error’ is being investigated and SBIN has recovered its losses…

• *STATE BANK OF INDIA SHARES FALL 14% ON NATIONAL STOCK EXCHANGE
• *INDIA’S NIFTY INDEX EXTENDS DECLINE TO 2.8%
• *NATIONAL STOCK EXCHANGE SAYS VERIFYING SOURCE OF PRICE ERROR
• *NATIONAL STOCK EXCHANGE SAYS NIFTY INDEX LEVELS NOT UPDATING
• *INDIA’S NATIONAL STOCK EXCHANGE RESUMES TRADING
• *INDIA’S SENSEX INDEX ERASES LOSS; GAINS 0.3% IN MUMBAI
• *INDIA’S NSE SAYS `LOOKING INTO’ THE FREAK TRADE

Sigh! Continue reading »

Tags: Banking, Economy, Global News, India, State Bank Of India