Wednesday, October 31, 2012

Mauritius central bank to promote gold savings plan

The Bank of Mauritius will begin selling minted gold bars to the public in November, in a bid to promote a savings culture in the country.

Ecuador wants to repatriate gold reserves

"Over the weekend we stated the gold repatriation avalanche had begun with a Netherlands citizens group joining the German Federal Accountability Office in demanding the BOE and NY Fed return their nation’s gold reserves. We predicted that an avalanche of nations across the West would soon join Germany and Venezuela in attempting to repatriate their tungsten gold reserves from the Fed and the BOE, and it appears that avalanche is picking up momentum as Ecuador, with 26.3 tons of gold reserves, has just demanded the repatriation of one third of their foreign gold holdings‘to support national growth‘."

Monday, October 29, 2012

New York, Sandy storm picture twitpic

New Jersey: Esta imagen la acaba de postear una tía desde New Jersey #Hur... on Twitpic

Friday, October 26, 2012

Australia investment fund Banksia in receivership, investors face difficulty recovering funds

Banksia investors nervous
THOUSANDS of Banksia Financial Group investors remain in limbo and are facing the loss of millions of dollars. Investor assets have been frozen after the company went into receivership yesterday amid $660 million debt. The news has devastated investors, particularly in northern Victoria where there are several Banksia offices.
Banksia investors unlikely to have all money returned
Elderly, families may lose nest eggs after collapse of Banksia Financial Group
Receiver's release

Panama:Strikes and protests continue in Colon, spread to Panama City

PANAMA – October 26th, 2012 – (
– Factions against the sale of lands in the Colon Free Zone did not accept the Government’s offer to revoke a section of the law that allows the territory to be sold. They announced that the protests would stop only if the entire law is abolished.
The city of Colon, which holds the largest Free Zone in the continent, has seen all commercial, transportation and education activity completely shutdown for the past three days, due to the strikes that were declared in opposition to the Panamanian government’s plans to sell lands in the Free Zone to private companies.
Various transit routes were also blocked in Panama City by members of the “Suntracs” construction union, who are also opposed to the sale of lands in the Colon Free Zone, resulting in many delays in traffic.

Sunday, October 21, 2012

Kuwait Protests Update: Tear Gas And Stun Grenades Used

1:38am UK, Monday 22 October 2012
About 100 protesters and 11 police officers were injured as Kuwaiti police used tear gas and rubber bullets during clashes with demonstrators, according to witnesses and officials.
Opposition activists were marching against planned changes to election laws ahead of polls due to take place in December.

Afghanistan oil production: China's CNPC begins operations in Amu Darya

Sun Oct 21, 2012 9:25am EDT[reuters]
"Afghanistan signed a 25-year contract with National Petroleum Corp (CNPC) last December covering drilling and a planned refinery in the northern provinces of Faryab and Sar-e-Pul. It is the first major oil production in the country."

Kuwait: Tensions escalate as opposition call for protest

Situation getting more and more complex
Several wounded as Kuwait protesters clash with police
Kuwait cracks down on opposition as crisis deepens
"Saturday, October 20, 2012 KUWAIT CITY: Kuwait plunged into political turmoil on Friday after the public prosecution ordered the detention of three former opposition MPs for three days with more arrests expected."
Kuwaiti police attack anti-government protesters
Published Tuesday, October 16, 2012 Riot police used batons to beat anti-government protesters in Kuwait City last night, arresting six and injuring four, as they criticized the ruling family and demanded a greater political voice, witnesses said. At least 5,000 protesters attended the rally, defying a government order to cancel the demonstration outside the national assembly.

Thursday, October 18, 2012


"The charred financial and economic landscape has transformed so radically since 2008, that aberrant distorted disconfigured bizarre and twisted are considered as normal."
-Deep dependence upon bond monetization without sterilization has become the norm -The hidden motive for QE3 is to bury multi-$trillion mortgage bond fraud -The USDollar global reserve privilege will be victim to the never-ending global financial crisis -The COMEX and LBMA are scrambling to find Gold & Silver supply for inventory

Thursday, October 11, 2012

Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery

In mind the name of this blog, here is what kind of thing the TV "news" is not reporting:
The largest oil exporter in the Middle East has teamed up with the second largest consumer of oil in the world (China) to build a gigantic new oil refinery and the mainstream media in the United States has barely even noticed it. This mammoth new refinery is scheduled to be fully operational in the Red Sea port city of Yanbu by 2014. Over the past several years, China has sought to aggressively expand trade with Saudi Arabia, and China now actually imports more oil from Saudi Arabia than the United States does. In February, China imported 1.39 million barrels of oil per day from Saudi Arabia. That was 39 percent higher than last February.
Saudi oil refinery deal shows close ties
"The $8.5 billion joint venture, which covers an area of about 5.2 million square meters, is already under construction. It will process 400,000 barrels of heavy crude oil per day. Aramco will hold a 62.5 percent stake in the plant while Sinopec will own the remaining 37.5 percent. The deal "represents a strategic partnership in the refining industry between one of the main energy producers in Saudi Arabia and one of the world's most important consumers", said Aramco president and CEO Khalid Al-Falih."

Sunday, October 7, 2012

Venezuela: Chavez appears to have about 54% in election

Chavez sends armored carriers in streets for order during election.
(Venezuela vote) Chavez polls 54.4pc (10 mins ago)
Venezuelan President Hugo Chavez was re-elected to another six-year term after seeing off a stiff challenge from youthful opposition leader Henrique Capriles, partial results showed.
“I ask the nation to stay calm, be patient and that nobody despair, that nobody fall into provocations, no violence, and we wait for the results,'' Chavez said in a phone call to his campaign team.
“Calm, act sensibly, patience! Today was a historic, magnificent day, the people spoke!'' Capriles wrote earlier on Twitter. “We know what happened and we must wait! Viva Venezuela!''
Latino América mas unida que nunca,gano #Chavez,gano la patria grande! Cipayo LTA,llora,llora la derecha![Translate:"about 3 hours ago Latin America more united than ever, won # Chavez, won the great nation! Cipayo LTA, cry, cry right!]"

Friday, October 5, 2012

California gasoline shortage

Short supplies keep gas prices rising in Calif. Updated 10:27 p.m., Friday, October 5, 2012
"California gas prices continued surging Friday, adding another 17 cents per gallon on average, and the increases are expected to continue for at least several more days, ensuring long lines and short tempers at pumps around the state. A week of soaring costs has led some stations to close and others to charge record prices — in some places $5 or more — as California leapfrogged Hawaii as the state with the most expensive fuel. "

UK banks LloydsTSB and Halifax unable to process withdrawals

Lloyds TSB, Halifax, Co-operative and Smile customers have reported being unable to access their accounts, withdraw money or make purchases in stores.

Bahrain civil unrest

Twitter from Bahrain
Demonstrators hurled firebombs and rocks at troops about 700 meters (yards) from Pearl Square, where crowds gathered in February 2011 as the Arab Spring-inspired uprising erupted in the Gulf nation.

Wednesday, October 3, 2012

Iran currency inflating rapidly

In consequence, Iran is now experiencing a devastating increase in prices – hyperinflation.
Iran however has been buying gold and selling oil for gold.
Iran bought gold to cut dollar exposure

Tuesday, October 2, 2012

Greece municipal workers confront troika auditors

Gathered threw coffee in the technical team of auditors Swearing, kicking and water in the Troika [entourage]
Earlier on Tuesday, municipality workers chased members of a Troika technical team as they were trying to meet with Greek majors from the Central Union of Municipalities (KEDE). However the municipality workers union tried to hinder the meeting.
They blocked the KEDE entrance with overturned garbage bins. When the team arrived, the workers started to chase them, to throw water bottles at them and use the usual …French. Proto Thema speaks even of “kicks” and “hurled coffees”.