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Indian Rupee Falls on Concerns About Current Account Shortage

By , March 11, 2013 9:21 am

Indian rupee denominationsThe India rupee fell today on concerns that a decrease of foreign capital inflows will lead to widening of the country’s current account deficit, which is already at the record level.

Market participants are concerned that the gap, which on an annual basis was at the record 4.2 percent of gross domestic product a year ago, may climb much higher this year in case inflows of foreign capital dry up. Global funds added a total $ 491 million of Indian stocks in the period from March 1 to March 7. The rupee rallied briefly as the trade deficit narrowed from $ 20 billion in January to to $ 14.9 billion in February, but the rally has failed.

USD/INR rose from 54.3505 to 54.4175 as of 15:01 GMT today after falling to 54.1700.

If you have any questions, comments or opinions regarding the Indian Rupee, feel free to post them using the commentary form below.

Forex News

The Ruthless State of the Union: The Current Crime Boss Speaks

By , February 16, 2013 6:09 am

The Ruthless State of the Union: The Current Crime Boss Speaks
By: Bulov on: 16.02.2013 [03:38 ] (61 reads)

The Ruthless State of the Union: The Current Crime Boss Speaks
http://theintelhub.com/2013/02/13/the-ruthless-state-of-the-union-the-current-crime-boss-speaks/

SHADE the Motion Picture – An Ambellas & Bermas Film — Watch NEW Trailer 3
By Jon Rappoport
No More Fake News
February 13, 2013

Contributed By No More Fake News

Perhaps it’s presidents running down the whole laundry list of issues, but it seems to me the last dozen or so State of the Union speeches by presidents could put a galaxy of insomniacs to sleep.

Originally, the State of the Union was the president talking to Congress. Now we all know no one from the Senate or the House is going to move a new inch by anything the president says in his speech.
It’s just a dog and pony show. It’s also a chance for the president to talk to the television audience. That’s the real event. The president’s on TV.

It’s a stage play and it closes the night it opens. The script is always too long. It should have been cut by nine-tenths in rehearsals.

The droning of the laundry list is, of course, a reflection of the fact that big government has its paws and nose in every facet of our lives.

I was waiting for Obama to talk about an adequate supply of toilet paper and paper towels in public-park restrooms, and the danger of pictures of guns brought to school.

And how about those unsightly vegetable gardens growing on front lawns? Would be bring in the FBI and the ATF and DHS to solve that problem?
Would he push for free sex-change operations for all college students? Radioactive body scanners in coffee shops? I think the system for assigning names to hurricanes and blizzards should be subjected to a task-force study.

When tonight Obama said the only way to make progress was for us all to work together, he didn’t just mean the Congress. He meant the American people, aka the television audience. But I’ve never understood that idea.

What are we all working together to accomplish? What’s the program? Giving away more of our income to the federal government? Agreeing to more surveillance of our movements?

Supporting the invasion of more countries? Refraining from photographing the police making arrests? Restricting our Facebook posts to happy faces and rainbows?

Are we all working together to surrender our guns in exchange for movie tickets and candy? Are we pretending to be overjoyed that the federal government wants to force everyone to get vaccinated and eat GMO food, and take SSRI antidepressants that demonstrably cause people to go crazy and kill others? Is that it?

Are we somehow working together to print endless amounts of money? Are we working together to push the percentage of Americans collecting free government money from 40 percent to 60 percent? Is that the glorious goal?

Are we working together to give money to alternative-energy companies so they can go broke and declare bankruptcy?

Are we working together to protect and defend the World Trade Organization, so ravenous mega-corporations can export jobs to China and roam the global landscape, raping and pillaging resources and labor?
Are we working together to accept Obamacare, which will steadily eliminate natural-health alternatives and enroll more people in a medical system that kills 225,000 people (actually a lot more) every year like clockwork? Is that the goal?

Are we working together to pretend we have two very different major political parties in the country, instead of one party with two heads?

Are we working to assure that no bankster is ever sent to prison for scamming the American people out of trillions of dollars?

Are we working together to take guns away from people who would only use them to defend themselves and their families against criminals, while at the same we work to ignore gang violence stemming in part from the fact that Mexican drug cartels use these gangs as subcontractors, under the protection of the federal government?
Are we working together to imagine that our troops are really fighting wars to protect and defend the nation?
Are we working together to hide the fact that, although interest rates are artificially low, we’re spending more and more money every month to buy what we need to survive?

Are we working together to hamstring every small business in America with red tape and taxes?
Are we working together to ignore the absurd insanity called climate-change science, so the government can install carbon taxes and penalties and lop the top off of American industry?
Are we all working together to frame attractive free incentive packages for unlimited numbers of immigrants who come to America, while untold numbers of Americans are going hungry every night, and people can’t find jobs anywhere? Is that the objective? Destabilization of society, under the cynical guise of humane gift-giving?
Are we working to dream that when the president says he’s going to focus on jobs in his second term, this means he’s actually going to do more than squint at the sun?

Are we working to find more foreign enemies we can invade, as our military advance teams pave the way for imperial corporations and continue to launch some sort of ridiculous “surround Russia” operation?
Are we all working together to drown the Third World in “free” medical drugs and vaccines that destroy immune systems, rather than cleaning up contaminated water supplies and installing simple sanitation systems (at a millionth of the cost of the drugs)?

Are we all working together just “to work together” and continue the fine tradition of destroying the nation from the inside?

That’s what I thought. Yes, that’s what I thought.

Hell of a speech, Mr. President. You and GW and Bill and Bush the Elder and Ronnie and Jimmy and Gerry and Nixon really know your laundry lists. You talk, and the government gets bigger. It’s magic.

There’s always more to do and the government has to make it happen. Otherwise, what are you there for?
I ask myself that question all the time. I’m still looking for an answer, other than, “We’re all in this together.”
Who is this WE you keep taking about? And what is this TOGETHER? You mean we who are watching on television and you who are talking on television? You mean you who are slicing the Constitution into little pieces while ridiculing it as a Neanderthal document?

You mean you who are covert agents of Globalism? You mean you who have been vetted to make sure you’re on board with the op to take American down into a planetary management system that will bring a thousand years of peace to people made over into androids?
That’s what I thought.

You talk and the government gets bigger. You bankroll education and students are brainwashed into “uplifting social themes,” and become more dumb. You talk and the state-corporate media strain themselves into hernias to praise your erudition or passion.

You talk and thousands of lobbyists who have the inside track on your souls parse your words and plan their new strategies. You talk and the American people desperately try to imagine you’re making a grain of sense.
You talk and the winds blow and the snow falls and Somebody Actually Important, at a much higher level of the Mob, pats you on your shoulder and folds you up like a puppet and drops you in his pocket and walks upstairs to the Residence and puts you to sleep.

Asleep, you dream of a strange and alien thing: the freedom and power and independence of the individual. For you, it’s a nightmare.

The author of an explosive collection, THE MATRIX REVEALED, Jon was a candidate for a US Congressional seat in the 29th District of California.
Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe.
Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world.
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www.iraq-war.ru (en) RSS feed for articles and news

Rand Goes Up as South Africa’s Current Account Deficit Remains Stable

By , December 6, 2012 3:37 am

African cape buffalo on 100-rand noteThe South African rand gained today, advancing for the fourth straight trading session, as the nation’s current account deficit remained unchanged last quarter, proving that analysts’ pessimistic predictions were wrong.

South Africa’s current account shortage stayed at 6.4 percent of gross domestic product in the third quarter, the same as in the preceding quarter. Economists have expected it to widen to 6.7 percent. The South Africa’s central bank cited the gap as one of the reasons for leaving the main interest rate unchanged at its last policy meeting.

USD/ZAR traded at 8.7274 as of 10:25 GMT today, falling from the opening price of 8.7710 and the daily high of 8.7920.

If you have any questions, comments or opinions regarding the South African Rand, feel free to post them using the commentary form below.

Earlier News About the South African Rand:

Forex News

Rand Slumps as Mining Strikes Cause Higher Current Account Deficit

By , November 14, 2012 9:10 am

African cape buffalo on 100-rand noteThe South African rand sank today on concerns that current account deficit widened after worker strikes have led to disruption of mining. Mining is an important part of South Africa’s economy and the problems in the sector have very strong negative impact.

Mines across South Africa suffer from worker unrest that disrupted supply of metals to the market, hurting the nation’s export-driven economy. Exports declined as much as 12.5 billion rand ($ 1.4 billion), while platinum output fell to the lowest level in 11 years. South Africa’s current-account deficit widened to 6.4 percent of GDP, the highest in almost four years.

USD/ZAR climbed from 8.7983 to 8.8865 as of 15:48 GMT today, while its intraday low was at 8.7457.

If you have any questions, comments or opinions regarding the South African Rand, feel free to post them using the commentary form below.

Forex News

Won Climbs as Current Account Reaches Record High

By , July 27, 2012 1:32 am

A fan of Korean currency billsThe South Korean won got a boost from favorable domestic fundamentals today. The South Korean current account widened to a record and the nation’s economy continued to grow.

The Bank of Korea reported that the current account surplus expanded to $ 5.8 billion in June from $ 3.6 billion in May. That may be not good for the won in a long run as the surplus was a result of declining imports and constrained consumer demand, which is bad for economy. Gross domestic product rose at the annual rate of 2.4 percent in the second quarter of this year, in line with forecasts. The monthly growth was at 0.4 percent.

USD/KRW fell from 1,146.2999 to 1140.1749 as of 8:28 GMT today.

If you have any questions, comments or opinions regarding the South Korean Won, feel free to post them using the commentary form below.

Earlier News About the South Korean Won:

Forex News

Rand Drops While Current Account Deficit Widens

By , June 21, 2012 11:06 am

African cape buffalo on 100-rand noteThe South African rand slumped today as the nation’s current account deficit surged more than expected because of slowing global economic growth that damped demand for South African exports.

The shortfall rose to 4.9 percent of South Africa’s gross domestic product in the first quarter of this year up from 3.6 percent in the previous quarter. The median forecast was 4.5 percent. The problems of Europe hurt demand for commodities and that, in turn, harm economies that rely on export of raw materials.

USD/ZAR surged from 8.1830 to 8.3360 as of 16:57 GMT today.

If you have any questions, comments or opinions regarding the South African Rand, feel free to post them using the commentary form below.

Forex News

Yen Climbs on Japan’s Current Account Surplus

By , April 9, 2012 10:44 am

Scattered 10,000-yen notesThe Japanese yen advanced today after Japan posted trade balance surplus in February and as concerns about the possible North Korean rocket launch increased demand for the yen as a safe haven.

Japan’s current account had a 1.18 trillion surplus in February after it posted a deficit in January. The average forecast was a 1.12 trillion surplus. North Korea is rumored to plan a long-range rocket launch that would follow underground nuclear tests. South Korean officials voiced concerns that the launch threatens peace and stability in the region.

USD/JPY fell from 81.51 to 81.33 as of 13:11 GMT today and the daily minimum of 81.18 was the lowest since March 8. EUR/JPY went down from 106.76 to 106.24, reaching 106.16 intraday — the lowest price since March 7.

If you have any questions, comments or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.

Earlier News About the Japanese Yen:

Forex News

Current Chief of IAEA Releases Its Brakes on Rush to War With Iran

By , March 24, 2012 5:42 pm

Yukio Amano“Amano’s director-generalship began under a bad star.”

That’s Julian Borger at the Guardian quoting Mark Hibbs, the journalist who helped take down the AQ Khan nuclear-weapons black market and is now with the Carnegie Endowment for International Peace. Yukio Amano, the “head of the International Atomic Energy Agency (IAEA), the nuclear watchdog at the heart of the growing Iranian crisis,” Borger explains, “has been accused by several former senior officials of pro-western bias, over-reliance on unverified intelligence and of sidelining sceptics.”

Some of the controversy around Amano’s management dates to his election in 2009, when he narrowly beat Abdul Minty, a South African diplomat. [Hibbs said] “The election was extremely polarised and bitter. Minty clearly appealed to states who see themselves as underdogs and have-nots. Amano was supported by the US and others who saw him as rolling back the IAEA’s political aspirations under ElBaradei to a more technical agency.”

Previous director Mohamed ElBaradei was noted for his objections to IAEA findings being used as a pretext for ultimatums and/or war with Iran. Borger also reminds us of those WikiLeaks cables that confirmed suspicions about Amano almost too perfectly.

[They] revealed Amano’s assiduous courting of American support. In an October 2009 cable, the US charge d’affaires, Geoffrey Pyatt, wrote: “Amano reminded [the] ambassador on several occasions that he would need to make concessions to the G-77 [the developing countries group], which correctly required him to be fair-minded and independent, but that he was solidly in the US court on every key strategic decision, from high-level personnel appointments to the handling of Iran’s alleged nuclear weapons program.”

Not sure of the exact motivations for Amano’s bootlicking, but there it is for the world to see. Confirming Amano’s toadyism toward the United States

… the IAEA’s reports on Iranian behaviour have become steadily more critical. In November, it published an unprecedented volume of intelligence pointing towards past Iranian work on developing a nuclear weapon, deeming it credible.

However, some former IAEA officials are saying that the agency has gone too far. Robert Kelley, a former US weapons scientists who ran the IAEA action team on Iraq at the time of the US-led invasion, said. … “Amano is falling into the Cheney trap. What we learned back in 2002 and 2003, when we were in the runup to the war, was that peer review was very important, and that the analysis should not be left to a small group of people,” Kelley said. “… Just like [former US vice-president] Dick Cheney, Amano is relying on a very small group of people and those opinions are not being checked.”

Meanwhile …

Joseph Cirincione, president of the Ploughshares Fund [said]: “On Iran, the difference is like night and day. ElBaradei constantly sought a diplomatic solution, while Amano wields a big stick and has hit Iran hard and repeatedly.”

And …

Jim Walsh, an expert on the Iranian nuclear programme at the Massachusetts Institute of Technology, said. … “Amano has been way out in front of the US on [holding Iran's feet to the fire]. … I think if the agency is going to be a neutral player in this — and we need a neutral player to make the sort of judgements that have to be made — it will have to be more conservative [than] the national governments on this.”

And …

Laban Coblentz, ElBaradei’s former speechwriter and a collaborator on [his book] The Age of Deception, said that huge stakes could rest on the nuances with which the IAEA director-general interprets the evidence. … “Amano and ElBaradei were looking at the same allegations. … The other thing that is the same is that so far the most substantial allegations have not been verified. What has changed is the willingness to publish those allegations that have not been verified as a tool to pressure the Iranians to come to the table.”

Compared to Dick Cheney, shamed by WikiLeaks, Yukio Amano is the wrong man for the wrong job at the wrong time. ElBaradei won the Nobel Prize; Amano is angling for the Ignoble Prize.

FPIF Latest Content

* Najafi asserts that it will vote on the current year budget next Monday

By , February 16, 2012 11:17 am

Sumerian News / Baghdad said Iraqi Parliament Speaker Osama Najafi, said Thursday that next Monday will vote on the budget for the current year 2012, stressing that the delay adoption of the budget has caused significant damage in the areas of investment. Nujaifi said during a session of the House of Representatives today, “Today we must complete all of our discussions on the general budget for the current year 2012 and resolve all differences which even called us the command to move the session to late at night in order to preserve the interests of the citizens related to the budget, “asserting that” next Monday will vote against it. ”

said Najafi that “the delay adoption of the budget has caused damage large in the areas of investment and other sectors directly related to the interests of citizens. ” and Finance Minister Rafie al-Issawi, in December of 2011, for approving the government to balance Iraq in 2012 that of 117 trillion dinars and a deficit of 14 trillion dinars, and the adoption of the production of 2.0006 million barrels day and at $ 85 per barrel. and The Council of Representatives, on Thursday February 16 present, its the 20 of the second legislative term of the year the second legislative, headed by Speaker Osama Najafi and the presence of 223 deputies, with parliamentary source that the meeting will vote on the exemption request the Mayor of Baghdad Sabir Issawi from his position and vote on eight bills, and the continuing discussion of the draft law of the financial budget for the year 2012. The speaker of the House of Representatives Osama Najafi, in the 28 of November 2011, the need to expedite the completion of the annual budget for 2012 during a short period, stressing the need not to prejudice the rights of provinces in pumping money into ventures and investments, as he emphasized the International Fund that works to reduce and reduce the current budget in the budget for Iraq in 2012. The Iraqi Ministry of Planning announced (22 September 2011), that the financial budget for the year 2012, will range between 112 and 120 billion dollars, saying that 35% of which are earmarked for the investment budget, while the last budget year 2011 of $ 81.9 billion deficit of $ 13.3 billion.

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* Infallible: All the country’s problems are caused by conditions of the current phase

By , February 7, 2012 8:12 am

BAGHDAD / Baghdadiya News / .. He said the head of the Kurdistan Alliance bloc Fuad Masum, Monday, if all the problems experienced by the country caused by the circumstances of the current phase, stressing the importance of making future meetings between the political parties a way to serve the positive transformation of Iraqis. Masum [...] View full post on Dinar Daddy’s Tidbits