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Posts Tagged ‘reserves’

Mumbai attack: Court reserves order on Kasab’s appeal

Mumbai terror attacksThe Bombay High Court Monday reserved till Feb 7 its order on the appeal filed by Pakistani terrorist Mohammed Ajmal Kasab against the death sentence awarded to him for his role in the 2008 Mumbai terror attack. “The arguments undertaken by lawyers of (other accused) Faheem Ansari and Sabauddin Ahmed concluded today (Monday), following which [...]

“Stunning mineral reserves in Afghanistan”

Officials in Afghanistan are hoping the reported discovery of vast mineral wealth will unite Afghans and help eliminate poverty, reports VOA. A group of U.S geologists has discovered the untapped mineral deposits in Afghanistan, which include gold, iron, copper, lithium and cobalt. The New York Times newspaper reported the discovery Monday.

Two Senior IEA Officials: Oil Reserves Have Intentionally Been Overstated to Prevent Panic Buying . . . Peak Oil is Real

As I have previously noted, the world’s top energy economist – the International Energy Agency’s Dr. Fatih Birol – has previously predicted that we will have peak oil by 2020. And I have previously disclosed that an insider told me we already have peak…

Gas company CEO on reserves, “Russian base”

Srbijagas General Director DuÅ¡an Bajatović said that Serbia’s gas reserves are “ready” for a possible new gas crisis. “We cannot predict whether there will be a gas crisis or not, we are preparing the storage facility and the serves in the case that there is no gas coming from Ukraine for a period of 60 days,” Bajatović, who heads the state-owned natural gas enterprise, told Belgrade daily Večernje Novosti.

Arguments for Deflation: Unemployment, Debt and Deleveraging, the Pension Crisis, Collapse of the Shadow Banking System, and Interest on Reserves

As Absolute Return Partners wrote in its July newsletter: The most important investment decision you will have to make this year and possibly for years to come is whether to structure your portfolio for deflation or inflation. So which is it, inflation…

If Credit is Not Created Out of Excess Reserves, What Does That Mean?

We’ve all been taught that banks first build up deposits, and then extend credit and loan out their excess reserves.But critics of the current banking system claim that this is not true, and that the order is actually reversed.Sounds crazy, right?Certa…

2 Nobel Economists Confirm that Credit is NOT Created Out of Excess Reserves

We’ve all been taught that banks first build up deposits, and then extend credit and loan out their excess reserves.But critics of the current banking system claim that this is not true, and that the order is actually reversed.Sounds crazy, right?Certa…

IMF Selling One Eighth Of Its Gold Reserves – 403 Metric Tons of Gold

The IMF has just announced:“I am delighted that the Executive Board has given its overwhelming backing to a strictly limited sale of Fund gold to put the financing of the IMF on a sound long-term footing, and enable us to step up much-needed concess…