Thursday, March 27, 2014

Russia Raises Gold Holdings By Over 7 Tonnes In February To Over 1,040 Tonnes

Russia has increased its gold holdings by 7.247 tonnes to 1,042 tonnes in February. Turkey and Kazakhstan also raised their bullion reserves, data from the International Monetary Fund showed today.
Turkey's gold holdings rose 9.292 tonnes to 497.869 tonnes, the data showed.

Iraq's central bank bought 36 Tons of gold in March 2014

(Reuters) - The Central Bank of Iraq has bought 36 tonnes of gold this month, it said in a statement on Tuesday, in a bid to help stabilise the exchange rate of the Iraqi dinar against othercurrencies.
The purchase marks the first addition to Iraq's gold reserves since it lifted its holdings by 23.9 tonnes in August 2012, according to data from the International Monetary Fund.

Added to the 29.8 tonnes the World Gold Council says it already held, the purchase brings Iraq's total gold holdings to 65.8 tonnes, making it the 43rd largest official sector bullion holder in the world, after Denmark and just ahead of Pakistan.

Monday, March 17, 2014

America In 1900 Oh How Things Have Changed.

Written By Mike King:
It is the dawn of the 20th Century. In just over a century's time, the United States of America has grown from a sparsely populated group of post-colonial States, into the most virtuous, richest, strongest, and happiest nation on earth. During this time, America has overcome a devastating Civil War and the painful Southern Reconstruction.
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From "sea to shining sea", America's industrial cities, bustling ports, rich farms, and world class Universities are the envy of the modern world. America's population (now about 80 million) is upwardly mobile and highly literate. The Middle Class is booming as opportunity seeking European immigrants clamor to get in. America's Black population, though only a generation removed from slavery and still segregated, is also making undeniable material progress.
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In this rapidly developing "land of opportunity" there are no Federal Income Taxes, no State Income Taxes, no Sales Taxes, no Social Security Taxes, no Capital Gains Taxes, no IRS, no Department of Homeland Security, no Department of Education, no Welfare schemes, no Central Bank, very little debt, and a sound currency backed by Gold and Silver.
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There are no limits for a free people enjoying the fruits of a free market, an honest currency, and a government strictly limited in its size and power. In the fresh air of liberty, invention and innovation thrive. The list of history changing American inventors produced in this environment is indeed astonishing: Robert Fulton (Steam Boat), Eli Whitney (Cotton Gin), Thomas Edison (Modern Light Bulb & Phonograph to name a few), Serbian-American Nicola Tesla (Commercial Electricity), Cyrus McCormick (Mechanical Reaper), Alexander Graham Bell (Telephone), The Wright Brothers (Airplane), and many more.  
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 On the cultural front, American artists and literary figures are gaining wide renown, impressing even the more culturally advanced Europeans. Names like Mark Twain, Herman Melville, and Edgar Allen Poe rank with Europe's finest writers.
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In foreign commerce and relations, Americans are a peace loving people who have no interest in embroiling their young country in Europe's intrigues and squabbles.
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America's prosperity affords many of its people the luxury of increasing leisure time. From this free time grow Sports Leagues such as Baseball's National League (1876), to be followed by the American League (1901).  College football has exploded in popularity, with the first professional teams to form in the early years of the new century. Millions of young men sharpen their bodies and mental toughness by competing in all varieties of Sports.
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As for the women folk, the ladies of America are exactly that, ladies. Women are family oriented, valued for their sweet demeanor, and respected for their virtue. If a young American buck expects to get intimate with a young lady, he had better grow up, get a job and marry the lass, lest her daddy chase him off with a shotgun!
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America's children are raised to respect their God, their parents, their elders, and their teachers. Mouthing off to the teacher would get you smacked upside the head, and then again when your parents found out!
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Underpinning America's foundation of tiny government, free enterprise, and peaceful commerce, is the common Christian morality, self-control, industriousness, and true goodness of the American people. Grown children take care of their elderly parents and other relatives. Strong families, active churches, and community groups take care of the unfortunate. Government welfare is neither needed, nor desired.
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As "The Gay Nineties" ('gay' as in happy!) draw to a close, America the Beautiful seems poised to prosper for centuries to come. With the new technologies and industrial advances to come (automobiles, electricity etc.) there is no telling what new heights of universal happiness and prosperity await the lucky inhabitants of the young and confident Republic.
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But way beneath the surface, invisible to most, a well-funded and organized "Advance Guard" of termites has been arriving in America since the 1880's. These "Reds", aka "Marxists", aka "The Left", aka "Progressives", bring with them the disease of "liberalism" that has already been plaguing Europe since the days of the French Revolution. Their long range plan is to undermine the Americans way of life and system of limited government, and to erect a centralized socialist system in its place.
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In order to grow their ranks, Red leaders skillfully exploit the admitted imperfections of America. By 1900, the imported, mainly Jewish-Zionist Marxists, have joined forces with power hungry, Anglo-American Money Kings like JP Morgan and John D Rockefeller. The Red Money Kings "in the suites" will use the Red agitators "in the streets" to slowly change a free, virtuous, prosperous, and peaceful Republic, into the centrally controlled, degenerate, bankrupt, and warmongering cesspool that is modern America under Barack Obama.  
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So, what the heck happened America?
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It's all very simple! Step into our time machine and let us review "the 37 nails in the coffin of the USA." 

Saturday, March 8, 2014

S. Korea, Indonesia Sign US$10 Billion Currency Swap Deal!!

SEOUL, March 6 (Yonhap) – South Korea and Indonesia signed a won-rupiah currency swap deal worth US$10 billion in a bid to strengthen financial cooperation between the two nations, the Bank of Korea (BOK) said Thursday.
With the deal, Seoul and Jakarta can exchange up to 10.7 trillion won or 115 trillion rupiah (US$10.0 billion) for three years, the central bank said. The three-year currency swap could be renewed if both sides agree at the time of expiration, it added.
The deal was signed by BOK Gov. Kim Choong-soo and his Indonesian counterpart Agus D.W. Martowardojo in Jakarta. The two nations agreed on the currency swap in October.
Click here to read more at http://www.businesskorea.co.kr/

Friday, March 7, 2014

S.Korea, Australia sign currency swap agreement to promote trade

SEOUL, Feb. 23 (Xinhua) -- South Korea and Australia have signed a currency swap agreement to help promote bilateral trade and trade settlement in local currencies even in times of financial stress, Seoul's central bank said Sunday.
Bank of Korea (BOK) Governor Kim Choong-soo and his Australian counterpart Glenn Stevens signed the currency swap deal Sunday in Sydney, the BOK said in a statement. The two central bank chiefs were staying in Sydney to attend the meeting of G20.
The deal will allow for the exchange of local currencies between the two central banks of up to 5 trillion won (4.5 billion U.S. dollars) or 5 billion Australian dollars for three years. The period could be extended by mutual consent of both sides.

Chinese yuan deposits in S.Korea surge on arbitrage trading

SEOUL, March 7 (Xinhua) -- Deposits denominated in the Chinese yuan rose more than 20 times over the past six months in South Korea as local financial institutions raised yuan deposits for arbitrage trading, central bank data showed Friday.
Yuan deposits reached 7.62 billion U.S. dollars as of the end of February, up from 310 million dollars at the end of August last year, according to the Bank of Korea (BOK).
The surge came after financial institutions increased arbitrage trading by converting the South Korean currency into the Chinese yuan to gain interest rate differentials amid expectations for the yuan's appreciation against the dollar.