iCharts Discussions

[ajayhkaul]

PKHolla .... is it possible for you to summarize the similarities for us?Hope it is not too much to ask.

Yes... history repeats , only the players change

[pkholla]

[ajayhkaul]

[ajayhkaul]

[ajayhkaul]

Another Gold voice ...observe the pennant formation on this ETF that tracks physical gold

A breakout above $1700 would take it across $2000 and to 2250?
ETA --- In the next 4 weeks?

Akshya Tritya , Pranab Mukherjee and weak rupee sent the gold above INR 29K

So Lets play my song (by Jose Feliciano)

http://www.youtube.com/watch?v=8EhrzCBElXw

[ajayhkaul]

[ajayhkaul]

History is a great teacher ... however most people don't read it and get waylaid by the government...

An adaptation from 3 little pigs by Charles G.:


Once upon a time—and for a very long time—Americans lived in a solid gold monetary system. They owned gold and used it for money. The dollar was literally as good as gold. It was a monetary system so solid that it was like a house of bricks. And then, in 1933, the state decided it wanted all that gold for itself, and it demanded all the gold bricks from the monetary house. It even threatened the people with 10 years in jail if they didn't turn over all the gold, brick by brick.


So the people were forced from their brick house and moved into something called the gold exchange system. This was a monetary system that pretended to be built of gold. It represented that the dollar was still exchangeable for gold. But it really wasn't, at least for the people who lived in it. In fact, most gold ownership remained a crime. It was a monetary system so flimsy that you could say it was built like a house of sticks. Of course, it couldn't hold up long. It collapsed in 1971.


When the house of sticks collapsed, the people were told that they must now move into a monetary house made of straw—the dollar reserve standard. This, they were told by the state, was even better than a house of bricks or sticks. But, of course, it wasn't. And now the winds of economic reckoning have begun to blow. And as the straws of today's dollar reserve system begin to be scattered to the four winds, the people must look for a new monetary home.

Will they be guided by those responsible for their rude and flimsy dwellings, the statists and Keynesians and politicians and bureaucrats who have driven them from home to home, each one more decrepit than the one that preceded it?

Some of the people have begun hoping for a return to a sound monetary system and a move into something built like a brick house, such as the solid gold one they had before.

But this tale must be accompanied by a warning. The monetary and fiscal authorities, sensing the people's unhappiness with their diminishing circumstances and their nostalgia for the permanence of the monetary brick house of gold, are likely to offer them something that purports to be tied to gold.

Instead, it will be just another contrivance, but one that is represented as somehow pegged to gold.

Robert Zoellick, the president of the World Bank, referred recently to introducing gold into the monetary system as "an international reference point of market expectations."

But if the currency is not redeemable in real gold that you can take anywhere you go and keep anytime you wish, it is not really a gold house at all, but only another monetary flim-flam by the state. It may be constructed to appear like the brick house made of gold, but it will only be a house of paper, painted to look exactly like bricks of gold.

And remember that a house of paper is even more flimsy than a house of sticks or a house of straw.

[ajayhkaul]

Rich Americans renouncing U.S. citizenship rose sevenfold since UBS AG (UBSN) whistle-blower Bradley Birkenfeld triggered a crackdown on tax evasion four years ago.

About 1,780 expatriates gave up their nationality at U.S. embassies last year, up from 235 in 2008, according to Andy Sundberg, secretary of Geneva's Overseas American Academy, citing figures from the government's Federal Register. The embassy in Bern, the Swiss capital, redeployed staff to clear a backlog as Americans queued to relinquish their passports.

The U.S., the only nation in the Organization for Economic Cooperation and Development that taxes citizens wherever they reside, is searching for tax cheats in offshore centers, including Switzerland, as the government tries to curb the budget deficit. Shunned by Swiss and German banks and facing tougher asset-disclosure rules under the Foreign Account Tax Compliance Act, more of the estimated 6 million Americans living overseas are weighing the cost of holding a U.S. passport....Bloomberg


From Bill Bonners column :
"No...I've spent much of my life overseas. Many other countries just don't try to poke their noses into your affairs the way the US does. And many have more civilized tax collection systems. For one thing they only tax you if you actually live in their countries. You don't have to file taxes...and disclosure forms...if you live somewhere else.

"The US keeps its citizens on a tight leash. A lot of people want to slip the leash, even if they don't save any money. They want to be real Americans...not bullied and harassed wimps with no backbone... They want to be free people. And they can't do that and remain American citizens."

Have our own (NRI) country men overstayed their welcome?
Madhuri is smart ...

[ajayhkaul]

Without Comment :

NEW DELHI April 27 , 2012: US companies are poised to sign defence deals totalling $8 billion with India, US Ambassador Nancy Powell said on Friday at her first public speech since arriving in New Delhi this month.

Powell did not specify which companies she was talking about or when the deals would be signed, but embassy officials said she was referring to negotiations that include about a dozen Apache helicopters along with engines for Indian jets.

[ajayhkaul]

[ajayhkaul]

[rk_a2003]

"Anyone Who Lives Off the Grid,
Grows Their Own Food and Owns Guns
Is Now a Target of the Government........."

Or anyone who owns gold? "

[ajayhkaul]

Bad news for Indian IT workers?

Looks like Microsoft, Expedia, Citibank, IBM, Oracle and others
are totally bypassing India in favor of another outsourcing
country.....CHINA

“The Coming Death of Indian Outsourcing”
~Forbes Magazine

So, who could be providing software and IT outsourcing solutions to America and the rest of the world instead of the mammoth Indian giants?

Sid Pai, a director at the Indian arm of TPI, one of the largest global outsourcing consultancies said, “They are already a significant competitive factor to Indian outsources. They’ve grown well and are getting more and more North American clients.”

According to Tiger Tyagarajan, the chief executive of Genpact, one of India’s largest outsourcing companies…

“If India does not do anything for its IT industry, I am sure [they] will soon eat our breakfast and lunch.”

“Over the next 4-5 years you could expect [them] to have the same prominence on the global offshoring map,” says Hansa Iyengar, senior analyst for market intelligence at U.K. technology research firm Ovum.

And Tina Tang, an analyst with Garther Inc., a Connecticut-based information technology research firm added, “The market for [these] outsourcing firms is only expected to grow.”

In fact, some of these new firms are already carrying out the most sensitive and innovative IT operations for companies like Microsoft, IBM, Expedia, Citibank, Oracle, HP and Cisco, as we speak.

Can anyone stop or control this new industry shift?

Infosys,TCS are increasing headcount in China, India is struggling to produce good cheap-working software engineers...

Well, in China, it’s a totally different song altogether. China produces more engineers than any other country in the world.

There’s a large talent pool with about 6 million college graduates each year of which half have engineering, sciences or management degrees.

As of January 19, 2012, over 525 million copies of Windows 7 had been sold, making it the fastest-selling operating system in history with seven copies bought every second.

Windows 7 was created by a team of engineers at the Research & Development center of a highly regarded Beijing-based software company...'

[ajayhkaul]

Money printing alone is not enough to bail out Washington’s debts or even US banking system.

Beijing and its huge state-owned banks WILL come into the United States ... open up offices ... make a market in the Chinese currency, the yuan ... and to prepare to acquire U.S. banks.

Washington needs financial help.

It also needs to induce a round of inflation in this country, so asset prices rise again and so Washington can pay back its debts in the future, but with cheaper dollars.

Meanwhile, China needs pretty much the opposite. It has plenty of cash ($3.2 trillion) and it needs to put it to work. It has giant banks. It has virtually no debt. And Beijing needs a dose of deflation for its country, where inflation has been rising almost nonstop for the last five years.

There’s a grand bargain being made?

[ajayhkaul]