India's Banks are trying to swindle the public-hoarders to deposit their Gold in the criminal banks LOL! Never happen ! Great article !! Today

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Here is another article from today on the same subject.


Large gold imports are a worry for the government and the central bank, with the current account deficit shooting to a record high in the September-quarter, pressuring the rupee and adding to inflationary pressures.

This is an extremely important fact above and I will write about this in my next post here.

The article link: [link to economictimes.indiatimes.com]

So the question is why is Gold pressuring the Rupee ? and why is it causing inflationary pressures ?

A few years ago as I pondered the future and I knew this was the end game here in this country. The problem is that people are looking at the Rupee in one hand (that has a history of massive devaluation by the Gobermant) and Gold in the other and they are asking themselves which one they trust. They are throwing the Rupee into the fire - trading it for Gold as it, the rupee, is devalued every few weeks.

The question is where do those Rupee's go once Gold is purchased with them ? Answer: It goes nowhere because there is no demand for Rupee's and it only keeps recycling back into the demanded/trusted Gold. Again this non-steerable Rupee inflation from the Gold sales is in direct competition with the steerable Rupee creation freshly printed by the central banks. So the money from those sales is not going to where the central banks want it to. The same thing is going on and happening in this country. That is the reason there is no employment here because the healthy inflation created through the fractional lending scheme in this country is un-steerable and why employment has been set on a shelf so the "steerable" inflation created by the printing presses can be focused on creating the illusion (stock market for instance) of an expanding and appreciating economy by reflating the banks and insurance companies balance sheets.
If the healthy Non-steerable inflation, was combined with the toxic steerable directly printed inflation, the combined inflation of them both at the same time would deem the dollar worthless within weeks.

Why dont you have a job now ?

Thought this would have more views !

been going on since a while 3-4 years.

people are falling for it in hordes. glitzy glamorous marriages. middle class marriages have Bollywood stars in them now thanks to gold loans. attended a few such marriages myself.

the good part is they also buy gold jewelry for marriage through the same loans offsetting the problem a little in their favor.

Indian people may be dumb or naive, but they somehow know the value of gold. They will never sell their gold for the central banksters.

I think you may be fibbing ! I know people from India and they say that people in India bring their raw Gold to trusted generational jewelers and they make the Jewelry from Gold thats been in the family for generations as a sort of religion, and then they buy new Gold to replace it. They also said that the generational jewelers are trusted for generations and they (the jewelers) know that if they try and fuck someone #1 they could lose their business and trust from the public and #2 They could lose their lives. So, I am not so sure you live in India and may be using a pro-x---.ie address

You I believe !

bhenchod mein desi banda hun.

so that is proof im indian.

dude propaganda works. you can even check zerohedge website they had a recent article on how gold is streaming out of india because of these gold loans.

at the moment there is hardly anyone who isnt living it up based on gold loans in all major cities.

bmws audis lamborghinis... you name it and its running on indian potholed roads ROFL

all thanks to gold loans...

its funny to see lamborghinis and ferraris stuck in jams involving cows

So why are they trying to stop the import ??????????
Because there is to much export ?????????

WTF are you talking about ? Explain it as what you say makes not one bit of sense, what so ever !

stop import = less gold people can buy

increase export = less gold people have with them

so

stop import + increase export = less gold people own.

less gold people own = more gold tptb own

BASICALLY , India ppl is replacing currency with gold !!
Not good for Gvt.
India Gvt. is in a 22 catch situation :
if they ban gold imports , gold price will soar because supply .
If they devalue currency , ppl will go buy gold to protect themselves and price will soar too .

Gold in India is a culture and economic issue hard to beat !
IMHO