06.02.2010 "The present crisis which is far more serious than the Asian crisis began in the great democracies of the world". By Dr. Mahathir
The currency crisis past and presence
1. It is now more than 10 years since the currency crisis struck Malaysia. Much has been written about the crisis and the controls imposed by the Malaysian Government to stop the devaluation of the Ringgit.
2. A few of the articles tried to defend the Malaysian Government's action but mostly the blame for the crisis was attributed to the alleged failure of the financial and economic management of Malaysia. Practically no one has implicated the currency traders for the devaluation and the crisis. more ...
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03.02.2010 EMASYA to be abolished before anniversary of Feb. 28
‘Secret constitution to be revised’
(zaman) The Justice and Development Party (AK Party) government, which aims to normalize civilian-military relations in the wake of a recently exposed military plot to overthrow the democratically elected government, plans to eradicate the Protocol on Cooperation for Security and Public Order (EMASYA), which allows for operations and intelligence gathering in cities without the approval of the civilian administration, before the 13th anniversary of the Feb. 28, 1997 postmodern coup. more ...
02.02.2010 Research links global money supply and future inflation
Expectations to gold price
(wgc) The gold price has a positive correlation with money supply growth, according to a new empirical study produced by the World Gold Council, a fact that is extremely pertinent in today’s environment of elevated money supply growth. Moreover, money supply growth tends to precede gold price increases by 6 to 9 months. The paper, released today, also shows that a surge in the price of gold is an advance signal of higher velocity of money and, consequently, future inflation pressures. more ...
02.02.2010 Preliminary Assessment of Non-Fuel Mineral Resources of Afghanistan, 2007
Rapid development
Afghanistan has abundant mineral resources, including known deposits of copper, iron, barite, sulfur, talc, chromium, magnesium, salt, mica, marble, rubies, emeralds, lapis lazuli, asbestos, nickel, mercury, gold and silver, lead, zinc, fluorspar, bauxite, beryllium, and lithium (fig. 1). Between 2005 and 2007, the U.S. Agency for International Development (USAID) funded a cooperative study by the U.S. Geological Survey (USGS) and the Afghanistan Geological Survey (AGS) to assess the non-fuel mineral resources of Afghanistan as part of the effort to aid in the reconstruction of that country. more ...
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"For decades the shadow banking system has been raping the world. Previous Governments had been forced to cover up their depredations. The bubble they created should have burst earlier. But the political elites did not have the guts. And so the abuses and cheatings had gone on until they became so big that cover-ups became no longer possible."
1. It is now more than 10 years since the currency crisis struck Malaysia. Much has been written about the crisis and the controls imposed by the Malaysian Government to stop the devaluation of the Ringgit.
