Bullion Smuggling In India
Because of all the restrictions and high duties, bullion smuggling is outstripping narcotics with India’s population. In a sign of the times, Indian whistleblowers, who help bust illegal gold shipments, can get a bigger reward than those who help catch cocaine and heroin smugglers. The World Gold Council estimates that 150 to 200 tonnes of smuggled gold will enter India in 2013, on top of the 900 tonnes of official demand.
Printing: Only Solution
For the past 5 years, the U.S. has seen the largest stimulative economic policies ever, yet the so-called economic recovery is weak. The Fed is trapped, like many other Western Central Banks with their only option… Print, print, print. Everyone, who understands the game, knows that this cannot go on before the whole system collapses; however, for the US, France, and elsewhere, these Neo-Keynesian policies are being followed because it’s the fashion of the day. Speaking of fashion…
Renting and leasing of consumer products, from cars to laptops, is a good business idea; however, in Europe, using rented clothes may be the start of a big trend for a youth that find themselves in an unprecedented financial condition. So, if they finally run out of money, they may literally have no shirt on their back. So, who wants to rent used underwear?
Necessary Market for Bitcoins
Being encrypted, limited, and decentralized, Bitcoins are a very nice alternative to fiat currencies; however, there’s problem with Bitcoins. At present there is no current necessary market to buy or sell a good or service exclusively with Bitcoins. As an example, for the most part, crude oil can only be bought and sold using only U.S. Dollars. Until Bitcoins have a necessary market, one should consider it financially risky.
NSA and State Law
Using proposed state law, some opponents want to cut utilities to the NSA Data Center in Utah. They are pushing for legislation that would forbid local governments servicing federal agencies that collect electronic data from Americans without a personalized warrant.
One Drone To Rule Them All
A hacker has developed hardware and software instructions to build a drone that will seek out other drones in the air, hack them, and turn them into a conscripted army of unmanned vehicles under the hacker’s control. Just imagine those Amazon drones being taken over.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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The first two are actually two sides of the same coin: the craze for gold in India is the downside of money printing. Soon coming to a state near you: FRD-like confiscation of the remaining gold that has not been confiscated at the border …
LETS : Local Exchange Trading System (response on No Barter)