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Posts Tagged ‘Switzerland’

Of Mice and Men – 2015 Gold Outlook

USA, EU traderelationships with oil producers. The European hands-on, micro-management issue of trade balance seems to be delivering? Some may question, what it is delivering, though.

USA, EU trade relationships with oil producers. The European hands-on, micro-management issue of trade balance seems to be delivering? Some may question, what it is delivering, though.

Of mice and men

While the US dollar is weakening, by design, Greece, Ireland, Portugal and Spain are being bankrupted by a deliberately overvalued Euro.

In such a scenario, China believes that it has a winning hand. Even though, the Chinese exports juggernaut has been slowed by a yuan, trading at 17 year-highs. March 2011 reports indicate

an unexpected $7.3 billion trade deficit, the biggest in seven years. The nation’s (China’s) exports rose at the slowest pace since November 2009.

The US is betting that a weak dollar will reignite economic growth – much like what happened after the Japanese Yen strengthened due to Plaza Accord (1985).

For Europe, the grand prix is to replace the dollar as the currency of international trade – especially oil trade. Euro as a international trade-currency-of-choice, will give the Euro region access to more than 1 trillion euros in zero-cost floating balances.

China is expecting the yuan to play a similar role. Such are plans made by mice and men.

Monsieur Murphy says

What can go wrong with these plans? Plenty.

The eternal enemy of currency manipulation – gold. As a million bureaucrats work on the mechanics of their plans,

Increasingly, everyone is a victim - except the powerful 0.5% elite that rules the world. Break their power. Buy gold. (Cartoonist - Ted Rall; courtesy - http://charlesgoyette.com). Click for larger image.

Increasingly, everyone is a victim - except the powerful 0.5% elite that rules the world. Break their power. Buy gold. (Cartoonist - Ted Rall; courtesy - http://charlesgoyette.com). Click for larger image.

Sales of gold coins are on track for the best month in a year amid the worst commodities rout since 2008, a sign that bullion’s longest bull market in nine decades has further to run, if history is a guide.

The U.S. Mint sold 85,000 ounces of American Eagle coins since May 1 as the Standard & Poor’s GSCI Index of 24 raw materials fell 9.9 percent. The last time sales reached that level, bullion rose 21 percent in the next year. Gold will advance 17 percent to a record $1,750 an ounce by Dec. 31 and keep gaining in 2012, the median estimate in a Bloomberg survey of 31 analysts, traders and investors shows.

UBS AG, Switzerland’s biggest bank, had its second-best day this year for physical sales on May 9, according to a report the following day. The bank’s sales to India, the world’s top bullion consumer, are more than 10 percent higher than in 2010. (via Gold Coins Show Bull Market Unbowed in Commodities Decline – Bloomberg).

You take free advice …?

While George Soros talks of gold being the ultimate bubble, his companies are quietly buying gold.

Back in late January, as the world’s important people rubbed elbows in Davos, billionaire investor George Soros had some rather definitive thoughts to offer on gold, which he called “the ultimate asset bubble,” according to reports.

However, he neglected to mention that his hedge fund had been buying.

Another report points out that the liquidation (by people like Soros) of investments in public investment vehicles may be replaced by private investments.

In this game of musical chairs, when the music stops, everyone who does not own gold is out. (Cartoon by David Horsey; Courtesy - http://politicalhumor.about.com). Click for larger image.

In this game of musical chairs, when the music stops, everyone who does not own gold is out. (Cartoon by David Horsey; Courtesy - http://politicalhumor.about.com). Click for larger image.

The new filings from funds “may show that big names exited ETPs and this news may cause prices to slip in the very short term,” said Bayram Dincer, an analyst at LGT Capital Management in Pfaeffikon, Switzerland. Some funds switched to holding gold directly so they wouldn’t have to announce it publicly, he said.

Is gold a bubble?

A rather disbelieving journalist writes of the situation in the West

Gold is in a bubble. Anyone will tell you that. They’ve been saying it since gold was about, oh, $500 an ounce. But it’s a funny kind of a bubble. It’s the only one I’ve encountered where so few people seem to own the asset in question.

During the dot-com bubble, you met lots of people with tech stocks. Taxi drivers told you what dot-coms they owned. During the housing bubble you met normal, ordinary people who were trading up to expensive homes using adjustable-rate mortgages, buying new condos off plan to flip, and cashing out their fictional “equity” through a refinance mortgage.

But who actually owns gold? I keep hearing about the gold bubble, but every time I ask people if they own any themselves, they say, “no, no, of course not, it’s a bubble.”

Some bubble.

Central banks around the world are printing more dollars, euros, pounds and yen. Gold may simply be a less awful currency than all the others. Banks can’t print any more of it, so its price should probably rise while other currencies fall.

For this year, the question in India seems to be, “Will gold cross Rs.25000, by 2011 Diwali?”

Now Germany too admits they cannot manage diversity

November 2, 2010 2 comments

When the West wanted cheap labour, they changed laws. With economic stagnation they no longer need immi-grunts.

Behind the facade of liberalism, progress, democracy, is good ole bigotry. (Cartoonist-Ann Telnaes; courtesy-cartoonistgroup.com.). Click for larger image.

Behind the facade of liberalism, progress, democracy, is good ole bigotry. (Cartoonist-Ann Telnaes; courtesy-cartoonistgroup.com.). Click for larger image.

West does not need immi-grunts – for now

Aserious problem is that many believe that the Western world is about freedom, choice, individual rights, et al. After all Kasab wants to go to Yumm-rika! When the West wanted cheap labour from the Rest of the World they changed laws – and made a charade of change. During the Great Recession, with economic stagnation – they no longer need immi-grunts.

Has the West changed? Look at the religious profile across Europe.

Protestant Britain has less than 10% Catholics. Catholic France and Italy have less than 10% Protestants. The West today has the lowest levels of diversity – ethnic, linguistic and religious diversity. And makes the most noise about freedom and human rights.

Rise of German right

Angela Merkel of German Christian Democrat CDU Party claimed that multiculturalism had failed. Muslims have not integrated into German society as much as expected.

Germany’s attempt to create a multicultural society has “utterly failed”, Chancellor Angela Merkel said on Saturday, adding fuel to a debate over immigration and Islam polarising her conservative camp.

Speaking to a meeting of young members of her Christian Democrats (CDU), Merkel said allowing people of different cultural backgrounds to live side by side without integrating had not worked in a country that is home to some four million Muslims.

“This (multicultural) approach has failed, utterly failed,” Merkel told the meeting in Potsdam, south of Berlin.

Merkel faces pressure from within her CDU to take a tougher line on immigrants who don’t show a willingness to adapt to German society and her comments appeared intended to pacify her critics. She said too little had been required of immigrants in the past and repeated her usual line that they should learn German in order to get by in school and have opportunities on the labour market. (read more via German multiculturalism has failed, says Chancellor Angela Merkel – The Times of India).

Thius is what assimilation, proselytization, melting pot, et al mean - finally and really. (Cartoonist - Ron Tandberg; courtesy - theage.com.au; date February 24, 2006.). Click for larger image.

This is what assimilation, integration, proselytization, melting pot, et al mean – finally and really. (Cartoonist – Ron Tandberg; courtesy – theage.com.au; date February 24, 2006.). Click for larger image.

Interestingly, Thilo Sarrazin, the man who is leading the Charge of the Right Brigade, is himself a descendant of Saracens –  Muslims. The current situation in Germany (and also in Europe) is captured by this report.

Ever since the release this summer of a polemical book by a former finance senator and central banker arguing that Germany is being “dumbed down” by “over-breeding” foreigners, the country has been gripped by a fierce immigration debate that has seen the chancellor, Angela Merkel, enter the fray. Thilo Sarrazin’s Deutschland Schafft Sich Ab (Germany is Digging its Own Grave) has sold more than a million copies and led to 20% of Germans saying that they would consider voting for a Sarrazin party.

Häusler described the fact that the push for Germany’s far right is coming from the small neighbouring republic of Austria as “history repeating itself as farce”.

“Austria’s political culture has developed differently from that of Germany’s,” he said, because Germany underwent a postwar denazification process that Austria was largely spared. “You have been able to say things on the Austrian political stage that would not have been acceptable in Germany,” he added.

Nurhan Solkan, general secretary of the Central Council of Muslims, said: “Personally, it scares me. The inhibitions towards voicing your opinion about Muslims are fast breaking down. Nowadays I only need to park my car slightly badly for an old lady to come up to me and shout that I’d better go home to wherever I came from.” (read more via German far right emerges from shadows to join Cologne campaign against mosque | World news | The Observer).

Is this waht they were trying to hide. (Cartoon titled-The Melting Point of the Melting Pot By O'Farrell, The Illawarra Mercury, Australia - 1/25/2007 12.00.00 AM; courtesy-caglecartoons.com.). Click for larger image.

Is this what they were trying to hide. (Cartoon titled-The Melting Point of the Melting Pot By O’Farrell, The Illawarra Mercury, Australia – 1/25/2007 12.00.00 AM; courtesy-caglecartoons.com.). Click for larger image.

Europe dons heavy armor

Sarkozy, is a part of the French vanguard to deport “700 members of the Roma Gypsy minority, to Romania and Bulgaria, as part of its controversial crackdown on communities officials hold responsible for criminal activity.” Why could the French State not prosecute these 700 Roma Gypsy responsible for whatever crimes that the French authorities claim they have committed.

Sarkozy has encouraged French law-makers to prescribe dress-codes for the French. Sarkozy’s laws sez ‘no burqa’ for French Muslims. The French feel let down because “immigrants were supposed to blend harmoniously into society and not exist in separate communities” – and they did not. Sarkozy and the EU are playing out a charade over a fine for this deportation – and later apologize. Like the many false apologies, made or not made, after the genocide of Jews, Native Americans, or the Roma Gypsies or the Australian aborigines, and then get on with life.

Italy cheers for Berlusconi who is willing to take global frowns on the finger-printing of Roma Gypsies.

The Swiss want the State to determine the shape of Muslim mosques. No minarets on mosques, say the Swiss. Millions of Swiss have voted against having a third mosque in Switzerland with minarets.

The Danes want to pay Muslims to leave Denmark. Britain has imprisoned thousands of Muslims. Hundreds of thousands of people have been arrested in Britain to build a DNA data-bank – ostensibly to help in criminal identification.

Multiculturalism is Canada’s greatest mistake, but if it is any consolation, it is every western country’s greatest mistake. And now some of them are paying a terrible price.

In its ideological insistence on the equal value of all cultures other than ours (ours being the sole inferior one), multiculturalism’s main “accomplishment” has been to instill self-loathing in heritage Canadians, a sense of responsibility-free entitlement in identity groups, and the suffocation of critical diversity in the public form.

Even though Canada was a colony itself, and had never indulged in imperialism of any kind, Canadians were informed they must share in the blame because of their religious, racial and cultural association with former colonialists. (read more via Barbara Kay: Multiculturalism was Canada’s biggest mistake – Full Comment).

With token presence of Native Americans, Eskimos, Aborigines, Maoris, the West has become pioneers instead of invaders, genocidal regimes, racist bigots! (Cartoon titled-Maori Add Colour to National Party List By Chris Slane, New Zealand - 9/2/2005 12.00.00 AM; courtesy-caglecartoons.com.). Click for larger image.

With token presence of Native Americans, Eskimos, Aborigines, Maoris, the West has become pioneers instead of invaders, genocidal regimes, racist bigots! (Cartoon titled-Maori Add Colour to National Party List By Chris Slane, New Zealand – 9/2/2005 12.00.00 AM; courtesy-caglecartoons.com.). Click for larger image.

What does this mean

These statistics is about persecution and bias. Like after 9/11 in the US, more than 200 attacks occurred in the US on 500,000 Sikhs in a US population of 30 crores (300 million). I am not even counting attacks on ‘guilty’ Arabs and other Muslims.

Truly, like a Canadian commented on a multiculturalism debate

we’re not immigrants, we’re pioneers who made this country. Do you understand that? You didn’t immigrate to a stone age culture dominated by aboriginals in Canada or the USA. The society created by pioneers from Britain and also that created the modern Indian state. Your land was a mess and is only united by the British law, customs and good government. Same as Canada.

The aboriginals were savages and prehistoric, we tamed them! My only regret was that we didn’t fully assimilate them and destroy their past. (read more via Multiculturalism: Canada’s Biggest Mistake? | The Langar Hall).

When people start believing in propaganda, (reminds me of maya), it is a matter to worry about!


Swiss move to ban minarets on mosques

December 4, 2009 Leave a comment
Does secularism give freedom of religious choice?

Does secularism give freedom of religious choice?

In theory Switzerland is a secular state, whose constitution guarantees freedom of religious expression to all. In practice however mosques in Switzerland tend to be confined to disused warehouses and factories.

Across the country, there are only two small minarets, one in Zurich and one in Geneva, neither of which are permitted to make the call to prayer. In Switzerland’s capital Berne, the largest mosque is in a former underground car park. (via BBC NEWS | Europe | Swiss move to ban minarets).

The European mind

The entire Swiss-minarets issue is revealing. The media coverage is a peep-hole into European subconscious that fears loss of civility. Beneath Euro-gloss, lies recent and murky history – of persecution, slaughter, bigotry, slavery, genocide, war, intolerance, et al.

The European mind is pulled apart by an instinctive tendency towards imposition of standards, uniformity (aka ‘assimilation’ and ‘integration’) on one hand. On the other, is a conscious, felt need to broaden the mental canvas and borders of the European sub-conscious.

Referendum and after

Anyway, even without the referendum,

no minarets are being built anywhere in Switzerland; the controversy has created a situation in which no local planning officer wants to be the first to approve one.

In the small town of Langenthal, just outside Berne, plans to build a very modest minaret have been put on ice following thousands of objections.

The New York Times adds some details about

The referendum, which passed with a clear majority of 57.5 percent of the voters and in 22 of Switzerland’s 26 cantons, was a victory for the right. The vote against was 42.5 percent. Because the ban gained a majority of votes and passed in a majority of the cantons, it will be added to the Constitution.

Of 150 mosques or prayer rooms in Switzerland, only 4 have minarets, and only 2 more minarets are planned. None conduct the call to prayer. There are about 400,000 Muslims in a population of some 7.5 million people. Close to 90 percent of Muslims in Switzerland are from Kosovo and Turkey, and most do not adhere to the codes of dress and conduct associated with conservative Muslim countries like Saudi Arabia, said Manon Schick, a spokeswoman for Amnesty International in Switzerland.

France … has been talking about banning the full Islamic veil as a way to stop the influence of the more fundamentalist Salafist forms of Islam …Posters, flags - the works

Euro-reactions

Pretending, as though the Swiss Government had a choice, the New York Times report continued,

The Swiss government said it would respect the vote and … reassure(d) the Muslim population … that the minaret ban was “not a rejection of the Muslim community, religion or culture.”

In classic double speak, Swiss authorities reacted

“We don’t have anything against Muslims,” said Oskar Freysinger, member of parliament for the Swiss People’s Party.

“But we don’t want minarets. The minaret is a symbol of a political and aggressive Islam, it’s a symbol of Islamic law. The minute you have minarets in Europe it means Islam will have taken over.”

Will a few minarets mean Islamic takeover of Switzerland? Is Catholic-Swiss-European culture in such dire straits that a few minarets will annihilate it?

Nervous Euro-liberals, renewed their liberal credentials by speaking out against this ‘development’. The Telegraph of the UK quoted

Wolfgang Bosbach a senior CDU MP said that criticising the Swiss ban would be counterproductive. It reflected a fear of growing Islamisation “and this fear must be taken seriously,” he said.

Heightened phobiasThe LA Times went further and pointed that

Belgian newspaper Le Soir noted that some people found minarets “scary,” and added, “There is a strong chance that if there was a vote in Belgium, a majority of citizens would be against it too.”

Islamic reaction

The Islamic reaction is equally interesting. From Egypt to Indonesia, Muslim leaders and clerics were quick to pounce on this development – and issue soundbites. The Times of London, quotes a Indonesian Muslim leader,

“This is the hatred of Swiss people against Muslim communities. They do not want to see a Muslim presence in their country and this intense dislike has made them intolerant,” said Maskuri Abdillah, the head of Nahdlatul Ulama, Indonesia’s biggest Muslim group.

Egypt’s Mufti Ali Gomaa denounced the ban on new minarets as an insult to all Muslims. “This proposal … is not considered just an attack on freedom of beliefs, but also an attempt to insult the feelings of the Muslim community in and outside Switzerland.”

Dear Shri Abdillah, while you have been swift to condemn the Swiss, have you ever questioned why Saudi Arabia has no Hindu or Buddhist temples? Clearly, the Desert Bloc needs to understand that the ‘tolerance’ cannot be selective or a one way street.

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