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Forex Trading Platform India

spectreindia.co is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, spectreindia.co matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model! For more info, contact us today.
Forex Trading Platform India
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Forex Trading Online India

spectreindia.co is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, spectreindia.co matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model! For more info, contact us today.

Forex Trading Online India
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Best Forex Trading Platform India

spectreindia.co is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, spectreindia.co matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model! For more info, contact us today.
Best Forex Trading Platform India
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RapiPay announces collaboration with Maximus for Micro-ATM services

RapiPay announces collaboration with Maximus for Micro-ATM services
https://preview.redd.it/dy00hzh121t51.png?width=497&format=png&auto=webp&s=7c7237199e9082b8703d97588727eb6459f9c5f1
RapiPay Fintech Pvt. Ltd., owned by the listed Capital India Finance Ltd., has recently launched Micro-ATM services through collaboration with Maximus as the technology service provider (TSP).
RapiPay has a network of over one lakh agents (merchants/shopkeepers) to provide Banking and Financial Services across India, especially in the hinterland of the country. As a business correspondent of multiple banks, RapiPay aims to address the major issue of lack of ready access to banking services in smaller towns through a comprehensive, digitized banking service enablement program. The company holds a prepaid payment instrument license from RBI and offers remittances, Micro-ATM, AePS and bill payment services to millions of end consumers through its agents who are called RapiPay Saathis.
Maximus, as the technology partner, offers the entire digital rails to RapiPay to enable the latter to penetrate newer segments and offer essential financial services to customers near their doorstep. Maximus uses cutting-edge technology to engineer unique financial and payment products and offers these as hosted services. Maximus has the widest range of digital and card-based solutions among service providers and its customer footprint encompasses banks, payment companies and service providers across ten countries.

Micro-ATM services
Yogendra Kashyap, CEO, RapiPay stated “We are delighted to partner with Maximus for technology services for the Micro-ATM. Micro-ATM service is an important leg of our fintech journey. While we already provide ATM cash withdrawals through AePS (Aadhaar-enabled Payment Systems), with launch of our Micro-ATM handheld devices, we are taking the Micro-ATM and fintech industry to the next level.”
V. Shankar. Founder & CEO of Maximus added “The RapiPay Micro-ATM project involved building customized interfaces between our Switch and RapiPay’s middleware. In addition to transaction processing, we are providing sophisticated, automation-driven reconciliation and dispute management support, with up-to-date information available on intuitive dashboards. There is a strong intersection of interests between RapiPay and Maximus and we will continuously evolve to fulfil the digital vision of RapiPay through our innovatively engineered solutions. We are delighted that RapiPay has chosen Maximus for its technology platforms.”
About CIFL (RapiPay’s parent company)
RapiPay Fintech Pvt. Ltd. is a subsidiary of Capital India Finance Limited (CIFL), which is an India-focused, well capitalised and less leveraged NBFC. CIFL focusses on providing customised financial solutions to Mid-corporates and SMEs for their growth and working capital requirements. CIFL provides home loans in affordable segment through its HFC, Capital India Home Loans. Its fintech wing is RapiPay, which provides remittances and Micro= ATM services. Recently, CIFL has forayed into forex business by the name of RapiPay.
About Maximus Infoware (India) Pvt. Ltd.
Established in 2007, Maximus offers omni channel solutions for the BFSI, Transit, Smart Cities, Retail and Telecom sectors. Its EFT switching, digital payments, reconciliation, fraud & risk management and cash management solutions use innovative technologies and are state-of-the-art. The product portfolio of the company covers full digital payment, assisted payment and card-based payment rails for Rupay, VISA, MasterCard and other international schemes. Maximus delivers unparalleled service levels to its customers spread across ten countries under both hosted and on-premise deployment models. Its payment products are PA-DSS certified and the IT processing infrastructure is PCI-DSS and ISO/IEC 27001:13001 certified.
For business enquiries:-
[[email protected]](mailto:[email protected])
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Forex Trading Platform India

spectreindia.co is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, spectreindia.co matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model! For more info, contact us today.
Forex Trading Platform India
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Forex Trading Online India

spectreindia.co is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, spectreindia.co matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model! For more info, contact us today.
Forex Trading Online India
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Best Forex Trading Platform India

spectreindia.co is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, spectreindia.co matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model! For more info, contact us today.
Best Forex Trading Platform India
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Forex Trading Platform India

spectreindia.co is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, spectreindia.co matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model! For more info, contact us today.
Forex Trading Platform India
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Forex Trading Platform India

Spectre.ai is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, Spectre.ai matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model!

Forex Trading Platform India
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Economic growth under Modi government

DISCLAIMER- THIS IS NOT A POST BY ME. I AM MERELY SHARING THE POST BY COPY PASTING IT HERE.

SOURCE OF THIS ENTIRE ARTICLE Quora Article by SAKET KUMAR

Original Article has all pictures and graphs for you to refer to. This post only has the text. The text in Bold are hyperlinks in the original article which not here.

I am trained as a Scientist so first I have to present credible relevant data before I can convince anyone. First I will answer the question with 1 picture and explain 3 parameters.
The below image is not fake. They are NASA satellite images of India taken during night time.

As you can see one on the left is from 2012 and on the right is from 2016. The research paper written by Luis R. Martinez from University of Chicago shows that increased use of electricity at night is parallel to country’s economic growth. Further he states in that paper authoritarian countries like China and Russia are fudging their GDP anywhere from 15 to 30% every year. You can read the research paper here How Much Should We Trust the Dictator's GDP Growth Estimates? or you can read Washington Post article .
Now the 3 Parameters
Modi became PM on May 26th 2014. In October 2014 IMF came out with a report which said** India set to become $2 trillion economy in 2014: IMF** . India’s GDP was ~$1.9 Trillion when Modi became PM. Fast forward now the same IMF says India’s GDP is $3.2 Trillion . Here is the snap shot directly from IMF website.

**Note: IMF always slightly understates GDP to account for any observational bias and inaccuracies. This is GDP estimate from a totally neutral source so you can’t say this is BJP propaganda or call it as fake.
→Conclusion from GDP data: Modi government added $1.2 Trillion to GDP in 5 years. India reached $1 Trillion GDP in 2007 India had joined trillion-dollar club in 2007 so even after 7 years of being in power UPA couldn’t even make India $2 Trillion economy. When Atalji left office in 2004 India had $700 billion GDP according to World bank report . So UPA in 10 years added $1.2 Trillion in GDP but Modiji did the same in 5 years.
Inflation: Inflation in Economic terms is general increase in prices and fall in purchasing power parity. As you know when there is increase in inflation prices rise on many goods and services and your purchasing power decreases. Just because prices increased on goods and services doesn’t mean your boss is going to increase your salary unless you are a Central government employee where you get Dearness allowance - Wikipedia to compensate for high inflation. Let’s look at inflation from 1998 :

Inflation directly affects the common man. When Atalji came to power in 1998 inflation was through the roof at 13.5%. He cracked down on inflation and brought it down to ~4% and maintained the same through out his Premiership. This is a PM who cared for the common man. Now look at the graph after 2004. UPA always maintained high inflation which on average was above 8%+ which emptied people’s pockets faster than they could spend. Just see how the graph dips when Modi became PM in 2014. Keeping inflation down is one of the paramount tasks of any BJP Prime Minister.
Important Note: GDP growth in some ways is tied to inflation. If you have a GDP growth rate of 10% with 10% inflation then it’s no use. It’s better to have GDP growth of 5% with low inflation rate of below 2%. Lower the inflation the better for the economy as long as it is not in negative. UPA always boasts about high GDP but never ever mention inflation rate during their term because they know they will be caught with pants down. Some people can see through the BS of UPA’s high GDP growth. GDP surged under UPA because it purchased growth at a high price .
→Conclusion from Inflation data: Inflation was always low under Atalji and Modiji. No Economist can deny that. No amount of propaganda from Congress can deny this brutal truth. In between all the lies even the scammer, fraud and corrupt Chiddu accepts it** High inflation was a big red in the UPA-2 report card: P Chidambaram**
Forex Reserves: When Atalji became PM in 1998 India’s forex reserves was ~$30 billion . When he left office in 2004 it had jumped to $114 billion . When Modi became PM on May 26th 2014 the forex reserves was $303 billion . Now as of March 13th 2020 forex reserves is** Forex reserves surge by $5.69 billion to reach record $487.23 bn** .
***Note: It is exactly because of our lower forex reserves we had to approach IMF in 1991. In return for IMF bail out India had to open up it’s markets for outside investment. If India doesn’t have enough forex then Economy comes to a standstill as India will lack the capability to pay for external goods and services which it imports. We import 90% of our Oil from abroad. If there is no oil then there is no economy.
→Conclusion from Forex data: Atalji as PM increased forex from $30 billion to $114 billion in 6 years during Pokran sanctions and unfavorable economic climate. Atalji’s government added $114B - $30B = $84 billion into forex. At the end of UPA tenure forex was $303 billion. So UPA in 10 years added $303B - $114B = $189 billion. Now how much did Modi Sarkar added in 5 years? $487B - $303B = $184 billion. As you can see just like GDP what UPA did in 10 years Modiji government has done the same for forex in 5 years. And we still have 4 more years to go. I hope India reaches $1 Trillion in forex which can help India project power. None of the countries who are barking on CAA will bark again when you have a war chest of Trillion dollars.
Final Conclusion: I have only added 3 parameters to my answer since the question is asking everything to be in 1 picture which is not possible. But anyone can tell you simple truth if Modiji hasn’t done anything since he became PM then all the above parameters would be worse off than how UPA left them in 2014. Those 3 are very very important parameters for India. If India is performing worse like some morons who are predicting apocalypse for Indian economy are saying then the data is not backing them up.
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ALERT Cryptocurrency Scammer with fake broker and account management

In recent 2019 until now, there is a Scammer using **FAKE BROKER** names: **DIGITALTRADEFX** “http://www.digitaltradefx.com", “**DIGITALTRADEFIRM** ”http://www.digitaltradefirm.com“, **TRACEOPTIONFX** “http://www.traceoptionfx.com" or “**CRYPTONLINEFXPRO** ”http://www.cryptolinefxpro.com" , he is contacting people directly through Instagram, Facebook, Twitter, Telegram, WhatsApp and using different **FAKE profile** …. claiming himself as an account manager. He is using a different **FAKE phone number**, and many others. Last year he was using <> or <<>> to scam people and then he changes it this year. the website looks familiar with** Pocket option** web (another fraud broker in EU) .

He promised a high return on investment weekly, to his victim investors. Once you put your money in his hands, you will never get anything back from him as money. First, let's start with the website. the website phone number belong to two different platforms…be aware of that. the support team contact will never help get your money back….HE IS BEHIND ALL THAT and using a fake certificate.
When you try to reach the support team by the web, there is another contacts email appear with another FAKE web he is using. He may allow you to** become affiliate **to him, introduce his platform to others and bring more victim in his game…. **DON’T PUT YOUR FRIENDS HARD EARN MONEY IN HIS HANDS.**. NOW, in the platform itself, there only one way…Deposit your money. All withdraw possibility are FAKE, and it will never work. The platform itself looks like Pocket option platform.
On the platform, you make deposit by Bitcoin address he provides you. You money grow week after week. Then the withdraw, this is where the game change. **you can NEVER withdraw** by crypto address, paypal or skrill. He will send you to a **FAKE BANK** he names** ROCUNITY BANK** “http://www.rocunity.com“ which is a **FAKE website** he creates less than a month ago**. the website is empty, you won’t get any information in there. Your money is gone.
A website he bought about another bank…. look down of the page. he said the bank was create since 1865 but he just create the website less than a month ago. The grammar on the web page is wrong. he download some images on google containing another language to feed the web. **IF HE CONTACT YOU ABOUT INVESTMENT OR BORROW MONEY WITH HIM, YOU REPORT AND IGNORE IT.**
After try many time to get your deposit back, he will ignore you or try to put you in another Scam business. He has many accounts on Facebook, Instagram, Twitter, Whatsapp, Telegram …etc. he may work from India or US between those places despite his fake IP address he used. He create many group on telegram for investment in short term, If he get in touch with you…. know you are not in good hands. REMEMBER AND SHARE THE MESSAGE WITH YOUR FRIENDS.. NOW YOU KNOW HOW THE SCAMMER WORK AND IF YOU WANT TO INVEST IN CRYPTO OR FOREX, YOU BETTER FIND A REGULATED BROKER AND WELL KNOWN. see you!
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US Venezuela Policy is About Oligarchy, Not Democracy

US Venezuela Policy is About Oligarchy, Not Democracy

The proven oil reserves in Venezuela are recognized as the LARGEST in the world, totaling 297 billion barrels.
While ignoring (and even supporting) the atrocities of authoritarian regimes in places like Saudi Arabia, Bahrain and Uzbekistan, US oligarchs have targeted Venezuela for “regime-change” in the name of “democracy”.
Currently, the US is engaging in economic warfare against Venezuela to foment a coup and remove its democratically elected president Nicolás Maduro.
Without providing solid evidence, our corporate-controlled government and mainstream media portray Maduro as a corrupt, repressive, and illegitimate leader with little to no support.

Ask yourself:

Do I ever see officials from the Venezuelan government appear in corporate news shows to tell THEIR side of the story?
What people DO get to comment on Venezuela and what are their credentials and agenda? Are these people essentially public relations agents for the US-orchestrated coup?
Does corporate news provide me with historical background of US imperialism in Venezuela to put these current events in context?

What Corporate-Controlled Media will NOT Tell You

The CIA was involved in the failed coup against Venezuela's popular leader Hugo Chavez in 2002.
Venezuela is not a strictly socialist country; it has a “mixed” economy - not unlike Norway or other Scandinavian countries.
Venezuela is a DEMOCRACY - unlike US-allies Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Kuwait.
In 2012, Jimmy Carter went on record saying:
“As a matter of fact, of the 92 elections that we've monitored, I would say the election process in Venezuela is the best in the world”
The opposition to Maduro knew they were going to lose the last election and so boycotted it in attempt to delegitimize the results.
The US actually tried to dissuade Maduro’s opponents from running!
Maduro invited international observers into the country in 2018 to monitor the last election but the opposition asked the UN not to send observers!
More than 80% of the Venezuelan population had not even HEARD of Juan Guaidó before Trump and the US state proclaimed him the “rightful” president.
Maduro’s approval ratings within his country are on par with opposition-controlled National Assembly. According to an October poll by opposition-aligned pollster Datanalisis, Venezuela's National Assembly, of which Juan Guaidó is president, has a disapproval rating of 70%.
Venezuela WANTS to sell its oil to the US – the US is their largest market and refines a majority of their oil.
US companies Chevron Corp, Halliburton, Schlumberger, Baker Hughes and Weatherford International all have operations in Venezuela, and are allowed to continue to engage in transactions and activities with PDVSA and its joint ventures through July 27.
“No State or group of States has the right to intervene, directly or indirectly, for any reason whatever, in the internal or external affairs of any other State. The foregoing principle prohibits not only armed force but also any other form of interference or attempted threat against the personality of the State or against its political, economic, and cultural elements.” Organization of American States Charter

Why is the US Corporatocracy so Keen to Remove Maduro?

While Venezuela’s economy is not a strictly-state-run economy, its oil industry is nationalized and uses its revenues for the benefit of its citizens (especially the poor).
After years of crippling US sanctions Maduro stepped over a crucial line in October when his government announced that Venezuela was abandoning the US dollar and would be make all future transactions on the Venezuelan exchange market in euro.
Saddam Hussein also went off the dollar in favor of the euro in 2003 – we started dropping bombs on him the next month.
A similar decision by the Gadhafi government in Libya (2011) was quickly followed by a devastating US-orchestrated conflict - culminating in Gadhafi's capture by radical Islamists who sodomized him with a bayonet before killing him. Since then, Libya has gone from Africa's wealthiest country to a truly failed-state complete with a slave trade! To make matters worse, after the collapse of the Libyan government, its military arms were smuggled out of that country and into the hands of ISIS fighters in Iraq and Syria - enabling US-orchestrated chaos in those countries.

Who cares what currency a country uses to trade petroleum?

Answer: US oligarchy

The US dollar is central to US world economic domination.
Like all other modern currencies, it is a fiat currency – backed by no real assets to prop up its value.
In lieu of a “gold standard” we know operate on a de-facto “oil-standard”:
"After the collapse of the Bretton Woods gold standard in the early 1970s, the United States struck a deal with Saudi Arabia to standardize oil prices in dollar terms. Through this deal, the petrodollar system was born, along with a paradigm shift away from pegged exchanged rates and gold-backed currencies to non-backed, floating rate regimes.
The petrodollar system elevated the U.S. dollar to the world's reserve currency and, through this status, the United States enjoys persistent trade deficits and is a global economic hegemony." Investopedia
“The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence. Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.” Anthony Wile

US Foreign Policy is about Oligarchy Not Democracy

Since World War II, the US has attempted to over-throw the 52 foreign governments. Aside from a handful of exceptions (China, Cuba, Vietnam, etc.), the US has been successful in the vast majority of these attempts.
US foreign policy is not about democracy – it is about exploiting the world’s resources in the interests of a small, ultra-wealthy global elite.
This exploitation benefits a small percentage of people at the top of the economic pyramid while the costs are born by those at the bottom.

US CIA Coup Playbook:

How to Plunder Resources from Foreign Countries While Pretending to Support Democracy
  1. Find a country with resources you want.
  2. Send in an “Economic Hitman” to offer bribes the country’s leader in the form of personally lucrative business deals. If he accepts the deal, the leader will amass a personal fortune in exchange for "privatizing” the resources you wish to extract.
If the leader will not accept your bribes, begin the regime-change process.
3) Engage in economic warfare by imposing crippling sanctions on the country and blame the ensuing shortages on the leader’s “socialist” policies.
4) Work with right-wing allies inside country to fund and organize an “astroturf” opposition group behind a corporate-friendly puppet.
5) Hire thugs inside country to incite unrest and violence against the government in coordination with your opposition group. Use corporate media to publicize the orchestrated outbursts as popular outrage and paint a picture of a “failed state” mired in corruption and chaos.
6) When the government arrests your thugs, decry the response as the brutal repression. Use corporate-owned media to demonize the target government as a despotic regime while praising your puppet opposition as champions of democracy.
7) Work with right-wing military leaders to organize the overthrow the government (offer them the same business deals the current leader refused).
8) If a military-led coup cannot be organized, create a mercenary army to carry out acts of terrorism against the government and its supporters. Portray the mercenaries as “freedom fighters” and their acts of terrorism as a “civil war”.
9) If the target government has popular and military support and is too well-defended for your mercenaries to over-throw: label the country a “rouge state” and wait for the right time to invade. Meanwhile, continue to wear the country’s government and populace down using steps 3 – 8.
10) Escalate the terror campaign within the country to provoke a military response from the country against the US. If they won’t take the bait , fabricate an attack or threat that you can sell to the US population as justification for an invasion.
11) Once the government is removed, set up your puppet regime to provide the illusion of sovereignty. The regime will facilitate and legitimize your appropriation of the country’s resources under the guise of "free" trade.
12) As you continue to extract the country’s resources, provide intelligence and military support to the puppet regime to suppress popular dissent within the country.
13) Use the demise of the former government as yet another example of the impracticality of “socialism.”
What Can I Do?
Call your senators and representatives to voice your opposition to US regime-change efforts in Venezuela.
https://www.commoncause.org/find-your-representative/
Please share this message with others.
Sources included at: https://link.medium.com/8DiA5xzx4T

‘Venezuela’: Media’s One-Word Rebuttal to the Threat of Socialism

ALAN MACLEOD FEBRUARY 8, 2019
A recent Gallup poll (8/13/18) found that a majority of millennials view socialism favorably, preferring it to capitalism. Democratic socialist Bernie Sanders is the most popular politician in the United States, while new leftist Rep. Alexandria Ocasio-Cortez’s (AOC) policies of higher taxes on the wealthy, free healthcare and public college tuition are highly popular—even among Republican voters (FAIR.org,1/23/19).
Alarmed by the growing threat of progressive policies at home, the establishment has found a one-word weapon to deploy against the rising tide: Venezuela. The trick is to attack any political figure or movement even remotely on the left by claiming they wish to turn the country into a “socialist wasteland” (Fox News, 2/2/19) run by a corrupt dictatorship, leaving its people hungry and devastated.
Leading the charge have been Fox News and other conservative outlets. One Fox opinion piece (1/25/19) claimed that Americans should be “absolutely disgusted” by the “fraud” of Bernie Sanders and Democrats like Alexandria Ocasio-Cortez, Elizabeth Warren and Cory Booker, as they “continue to promote a system that is causing mass starvation and the collapse of a country,” warning that is exactly what their failed socialist policies would bring to the US. (Back in the real world, while Sanders and Ocasio-Cortez identify as socialists, Warren is a self-described capitalist, and Booker is noted for his ties to Wall Street, whose support for his presidential bid he has reportedly been soliciting.) A second Fox Newsarticle (1/27/19) continues in the same vein, warning that, “At the heart of Venezuela’s collapse is a laundry list of socialist policies that have decimated its economy.”
The Wall Street Journal (1/28/19) describes calls for negotiations in Venezuela as “siding with the dictator.”
In an article entitled “Bernie Sanders, Jeremy Corbyn and the Starving Children of Venezuela,” the Washington Examiner (6/15/17) warned its readers to “beware the socialist utopia,” describing it as a dystopia where children go hungry thanks to socialism. The Wall Street Journal (1/28/19) recently condemned Sanders for his support of a “dictator,” despite the fact Bernie has strongly criticized Venezuelan President Nicolás Maduro, and dismissed Maduro’s predecessor, Hugo Chavez, as a “dead Communist dictator” (Reuters, 6/1/16).
More supposedly centrist publications have continued this line of attack. The New York Times’ Bret Stephens (1/25/19) argued: “Venezuela is a socialist catastrophe. In the age of AOC, the lesson must be learned again”—namely, that “socialism never works,” as “20 years of socialism” has led to “the ruin of a nation.” The Miami Herald(2/1/19) cast shame on Sanders and AOC for arguing for socialism in the face of such overwhelming evidence against it, describing the left’s refusal to back self-appointed president Juan Guaidó, someone whom less than 20 percent of Venezuelans had even heard of, let alone voted for, as “morally repugnant.”
This useful weapon to be used against the left can only be sustained by withholding a great number of key facts—chief among them, the US role in Venezuela’s devastation. US sanctions, according to the Venezuelan opposition’s economics czar, are responsible for a halving of the country’s oil output (FAIR.org, 12/17/18). The UN Human Rights Council has formally condemned the US and discussed reparations to be paid, with one UN special rapporteur describing Trump’s sanctions as a possible “crime against humanity” (London Independent, 1/26/19). This has not been reported by any the New York Times, Washington Post, CNN or any other national US “resistance” news outlet, which have been only too quick to support Trump’s regime change plans (FAIR.org, 1/25/19).
Likewise, the local US-backed opposition’s role in the economic crisis is barely mentioned. The opposition, which controls much of the country’s food supply, has officially accepted responsibility for conducting an “economic war” by withholding food and other key goods.
For example, the monolithic Empresas Polar controls the majority of the flour production and distribution crucial for making arepa cornbread, Venezuela’s staple food. Polar’s chair is Leopoldo Lopez, national coordinator of Juan Guaidó’s Popular Will party, while its president is Lorenzo Mendoza, who considered running for president against Maduro in the 2018 elections that caused pandemonium in the media (FAIR.org, 5/23/18).
Conspicuously, it’s the products that Polar has a near-monopoly in that are often in shortest supply. This is hardly a secret, but never mentioned in the copious stories (CNN, 5/14/14, Bloomberg, 3/16/17, Washington Post, 5/22/17, NPR, 4/7/17) focusing on bread lines in the country.
Also rarely commented on was the fact that multiple international election observer missions declared the 2018 elections free and fair, and that Venezuelan government spending as a proportion of GDP (often considered a barometer of socialism) is actually lower than the US’s, and far lower than most of Europe’s, according to the conservative Heritage Foundation.
The London Daily Express (2/3/19) demonstrates that redbaiting works equally well on either side of the Atlantic.
Regardless of these bothersome facts, the media has continued to present Venezuela’s supposedly socialist dictatorship as solely responsible for its crisis as a warning to any progressives who get the wrong idea. So useful is this tool that it is being used to attack progressive movements around the world. The Daily Express (2/3/19) and Daily Mail (2/3/19) condemned UK Labour Party leader Jeremy Corbyn for his “defense” of a “dictator,” while the Daily Telegraph(2/3/19) warned that the catastrophe of Venezuela is Labour’s blueprint for Britain. Meanwhile, the Greek leftist party Syriza’s support for Maduro (the official position of three-quarters of UN member states) was condemned as “shameful” (London Independent, 1/29/19).
“Venezuela” is also used as a one-word response to shut down debate and counter any progressive idea or thought. While the panel on ABC’s The View (7/23/18) discussed progressive legislation like Medicare for All and immigration reform, conservative regular Meghan McCain responding by invoking Venezuela: “They’re starving to death” she explained, leaving the other panelists bemused.
President Trump has also used it. In response to criticism from Senator Elizabeth Warren over his “Pocahontas” jibe, he replied that she would “make our country into Venezuela” (Reuters, 10/15/18).
The weapon’s effectiveness can only be sustained through a media in lockstep with the government’s regime-change goals. That the media is fixated on the travails of a relatively small and unimportant country in America’s “backyard,” and that the picture of Venezuela is so shallow, is not a mistake. Rather, the simplistic narrative of a socialist dictatorship starving its own people provides great utility as a weapon for the establishment to beat back the domestic “threat” of socialism, by associating movements and figures such as Bernie Sanders, Alexandria Ocasio-Cortez and Jeremy Corbyn with an evil caricature they have carefully crafted.

Corporate Propaganda Blitz Against Venezuela’s Elected President: MSM Will Not Let Facts Interfere With Coup Agenda

Facts Don’t Interfere With Propaganda Blitz Against Venezuela’s Elected President Joe Emersberger
Guaidó, anointed by Trump and a new Iraq-style Coalition of the Willing, did not even run in Venezuela’s May 2018 presidential election. In fact, shortly before the election, Guaidó was not even mentioned by the opposition-aligned pollster Datanálisis when it published approval ratings of various prominent opposition leaders. Henri Falcón, who actually did run in the election (defying US threats against him) was claimed by the pollster to basically be in a statistical tie for most popular among them. It is remarkable to see the Western media dismiss this election as “fraudulent,” without even attempting to show that it was “stolen“ from Falcón. Perhaps that’s because it so clearly wasn’t stolen.
Graph: Approval Ratings of Main Venezuelan Leaders Nov 2016 - July 2018 Data from the opposition-aligned pollsters in Venezuela (via Torino Capital) indicates that Henri Falcón was the most popular of the major opposition figures at the time of the May 2018 presidential election. Nicolás Maduro won the election due to widespread opposition boycotting and votes drawn by another opposition candidate, Javier Bertucci.
The constitutional argument that Trump and his accomplices have used to “recognize” Guaidó rests on the preposterous claim that Maduro has “abandoned” the presidency by soundly beating Falcón in the election. Caracas-based journalist Lucas Koerner took apart that argument in more detail.
What about the McClatchy-owned Miami Herald's claim that Maduro “continues to reject international aid”? In November 2018, following a public appeal by Maduro, the UN did authorize emergency aid for Venezuela. It was even reported by Reuters (11/26/18), whose headlines have often broadcast the news agency’s contempt for Maduro’s government.
It’s not unusual for Western media to ignore facts they have themselves reported when a major “propaganda blitz” by Washington is underway against a government. For example, it was generally reported accurately in 1998 that UN weapons inspectors were withdrawn from Iraq ahead of air strikes ordered by Bill Clinton, not expelled by Iraq’s government. But by 2002, it became a staple of pro-war propaganda that Iraq had expelled weapons inspectors (Extra! Update, 10/02).
And, incidentally, when a Venezuelan NGO requested aid from the UN-linked Global Fund in 2017, it was turned down. Setting aside how effective foreign aid is at all (the example of Haiti hardly makes a great case for it), it is supposed to be distributed based on relative need, not based on how badly the US government wants somebody overthrown.
But the potential for “aid” to alleviate Venezuela’s crisis is negligible compared to the destructive impact of US economic sanctions. Near the end of the Miami Herald article, author Jim Wyss cited an estimate from the thoroughly demonized Venezuelan government that US sanctions have cost it $30 billion, with no time period specified for that estimate. Again, this calls to mind the run-up to the Iraq invasion, when completely factual statements that Iraq had no WMDs were attributed to the discredited Iraqi government. Quoting Iraqi denials supposedly balanced the lies spread in the media by US officials like John Bolton, who now leads the charge to overthrow Maduro. Wyss could have cited economists independent of the Maduro government on the impact of US sanctions—like US economist Mark Weisbrot, or the emphatically anti-Maduro Venezuelan economist Francisco Rodríguez.
Illegal US sanctions were first imposed in 2015 under a fraudulent “state of emergency” declared by Obama, and subsequently extended by Trump. The revenue lost to Venezuela’s government due to US economic sanctions since August 2017, when the impact became very easy to quantify, is by now well over $6 billion. That’s enormous in an economy that was only able to import about $11 billion of goods in 2018, and needs about $2 billion per year in medicines. Trump’s “recognition” of Guaidó as “interim president” was the pretext for making the already devastating sanctions much worse. Last month, Francisco Rodríguez revised his projection for the change in Venezuela’s real GDP in 2019, from an 11 percent contraction to 26 percent, after the intensified sanctions were announced.
The $20 million in US “aid” that Wyss is outraged Maduro won’t let in is a rounding error compared to the billions already lost from Trump’s sanctions.
Former US Ambassador to Venezuela William Brownfield, who pressed for more sanctions on Venezuela, dispensed with the standard “humanitarian” cover that US officials have offered for them (Intercept, 2/10/19):
And if we can do something that will bring that end quicker, we probably should do it, but we should do it understanding that it’s going to have an impact on millions and millions of people who are already having great difficulty finding enough to eat, getting themselves cured when they get sick, or finding clothes to put on their children before they go off to school. We don’t get to do this and pretend as though it has no impact there. We have to make the hard decision—the desired outcome justifies this fairly severe punishment.
How does this gruesome candor get missed by reporters like Wyss, and go unreported in his article?
Speaking of “severe punishment,” if the names John Bolton and Elliott Abrams don’t immediately call to mind the punishment they should be receiving for crimes against humanity, it illustrates how well the Western propaganda system functions. Bolton, a prime facilitator of the Iraq War, recently suggested that Maduro could be sent to a US-run torture camp in Cuba. Abrams played a key role in keeping US support flowing to mass murderers and torturers in Central America during the 1980s. Also significant that Abrams, brought in by Trump to help oust Maduro, used “humanitarian aid” as cover to supply weapons to the US-backed Contra terrorists in Nicaragua.
In the Miami Herald article, the use of US “aid” for military purposes is presented as another allegation made by the vilified Venezuelan president: “Maduro has repeatedly said the aid is cover for a military invasion and has ordered his armed forces not to let it in, even as food and medicine shortages sweep the country.”
Venezuela Accuses U.S. of Secretly Shipping Arms After Weapons Found on Plane with Possible CIA Ties | Democracy Now!
Calling for international aid and being democratically elected will do as little to protect Maduro’s government from US aggression as being disarmed of WMD did to prevent Iraq from being invaded—unless there is much more pushback from the US public against a lethal propaganda system.

When Is a Democracy not a Democracy? When It’s Venezuela and the US is Pushing Regime Change. Venezuela has as much right to call itself a democracy as does the United States. Until that is understood by enough people, the Trump administration will continue to devastate Venezuela’s economy with illegal sanctions and push it towards civil war.
Suggested Reading:
UN Rapporteur: US Sanctions Cause Death in Venezuela
Guaido is playing it fast and loose with the Bolivarian Constitution to justify a dictatorship
Trump’s Economic Sanctions Have Cost Venezuela About $6bn Since August 2017
How could Venezuela's president 'steal' the 2018 election from an unknown who didn't run?
In other news...
The Largest Protest Ever Was 15 Years Ago. The Iraq War Isn’t Over. What Happened?
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Stocks to Watch: Infosys, Yes Bank, Vodafone Idea, Tata Steel, Adani Gas

Stocks to Watch: Infosys, Yes Bank, Vodafone Idea, Tata Steel, Adani Gas

https://preview.redd.it/9q74fr8w1ha41.jpg?width=600&format=pjpg&auto=webp&s=b3d1f4c9df30fa6db2df833395c391c1084792d0
Infosys: Information technology services provider Infosys Ltd declared its third quarter earnings after market hours on Friday. The company’s net profit for the third quarter ended December stood at ₹4,457 crore, up nearly 11% quarter-on-quarter. Also, the IT major’s audit committee found no evidence of financial impropriety or executive misconduct against its CEO Salil Parekh following a detailed probe into whistleblower allegations.
Vodafone Idea: In view of two-year moratorium granted by the department of telecommunications (DoT) on deferred payment liabilities towards spectrum payments to telecom companies, Vodafone Idea has decided to utilize ₹2,826 crore earmarked for the same against repayment of loans and redemption of non-convertible debentures.
Yes Bank: The board of directors of Yes Bank on Friday approved raising of funds up to ₹10,000 crore through a mix of equity and debt and decided not to proceed with the offer from Erwin Singh Braich-SPGP Holdings. Also, Yes Bank’s co-promoter Rana Kapoor and his family-run firms have completely exited the bank, taking their stake in the institution to nil, thereby losing all control and voting rights in the bank.
Edelweiss Financial Services: The Enforcement Directorate (ED) on Friday issued summons and called for information from Edelweiss group and its Chairman Rashesh Shah in a ₹2000 crore Foreign Exchange Management Act (FEMA) case. However, the company on 12 January in a filing with exchanges said that Edelweiss has no relationship with Capstone Forex and all allegations of FEMA violations are false.
Reliance Home Finance: Anil Ambani lead Reliance Home Finance on Sunday said an independent forensic audit, mandated by lenders, has found no fraud, embezzlement or diversion and siphoning of funds in the company that is seeking debt resolution. In a statement, the company said the audit made “no adverse findings” on the quantum and end-use of lending.
Adani Gas: The gas distributor has sought a perpetual loan of $350 million from its promoters to finance expansion, according to a Mint report. The Adani group company has approached three promoter group entities—Adani Rail Infra Pvt. Ltd, Adani Infra India Ltd, and Adani Properties Pvt Ltd—for the loan. Adani Gas Ltd will pay an interest of 9% for the loan, and spend about $50 million of the $350 million for retail distribution.
Tata Steel: The company on Friday announced that Tata Steel Netherlands Holdings B.V. (TSNHBV), a 100% subsidiary of Tata Steel Limited, has executed agreements for the refinancing of its bank debt. TSNBHV has raised term loan facilities of EUR 1.75 billion from 19 banks. This represents a reduction of EUR 500 million versus the external debt outstanding in Tata Steel Europe as of Mar 2019, enabling the standalone European business to have a more robust balance sheet.
Hindustan Construction Company: Lenders of Ajit Gulabchand’s Hindustan Construction Co. Ltd. (HCC) on Friday said they were going to carve out about ₹2,100 crore of debt on the construction firm to a third-party-controlled special purpose vehicle; certain arbitration awards and claims will also move to the SPV and will significantly deleverage the company and address its asset-liability mismatch.
Lupin: The pharma company on Saturday said it has received two observations from the US health regulator following the inspection of its Nagpur manufacturing facility. A prior approval inspection was carried out by the United States Food and Drug Administration at the company’s Nagpur oral solid dosage manufacturing facility between January 6-10, 2020, Lupin said in a filing to BSE.
Auto Stocks: Passenger vehicles sales declined 1.24% year-on-year in December to 235,786 units as manufacturers decided to cut production to match subdued retail demand and reduce inventory of Bharat Stage -VI emission norms compliant vehicles. The fall was largely due to an 8.4% decline in passenger car sales to 142,126 units.
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Send Money To Canada At Best Canadian Dollar Rates On BookMyForex

Are you looking for a good forex company or a bank for money transfer to Canada from India? Sending money from India to Canada is easy and simple with BookMyForex and you can check the live Canadian dollar rate on BookMyForex by just doing it all online from the comforts of your home.
Sending money to another Country basically overseas or Abroad is called remittance and Remittance can be counted as two types.
Outward Remittance: When You Send Money From India to A Foreign Country
Inward Remittance: When You Send Money To India from a Foreign Country
Methods of Sending Money To Canada:
You can send money to Canada from India through following two methods:
Wire Transfer:
Wire transfers are direct bank to bank transfers where money from an Indian bank account is directly transferred to your beneficiary's bank account abroad. Popular opinion is that Wire transfers from India are the best and most convenient way to transfer money abroad
-Money exchangers:
They are fast but very expensive and not entirely reliable or secure. You don't need an account but the process is time-consuming and you need proof of residence and identity to send money from India. Money changers may want you to register and verify the recipient or the beneficiary. This is to protect the security of your fund, to prevent fraud, and to make future remittances more streamlined.
-Online Forex Companies like BookMyForex-
It provides you Fast, safe, reliable, and secure. Zero charges, no hidden costs, and better rates than anyone else.
There are several aspects in which BookMyForex far outweighs other money changers and banks when you need to send money from India to Canada or any other country.
We will tell you how...
Company Like BookMyForex Vs Banks
The exchange rates offered by banks are up to 5% higher than those as compared by BookMyForex. Also, banks follow the practice of offering one card rates or daily rates that work out to far more expensive than live and real-time rates offered by BookMyForex (the first and only currency exchange in India to do so) for money transfer to Canada from India.
On the other hand, since BookMyForex is an online platform for forex transactions, you can book your order online anytime and from anywhere as per your convenience. You get guaranteed best rates when you send money to Canada from India.
Online Exchangers VS Offline Exchangers
Many forex players are not sure about the documentation required for money remittance and can make you go back and forth unnecessarily, which can be quite a pain! Just like banks, other currency exchangers also operate at 'daily rates' which are not comparable to the live rates offered by BookMyForex for money transfer to Canada from India.
Some local money changers offer very lucrative exchange rates provided you don't take a bill for your transaction to send money from India to Canada. Doing so means buying currency from the black market, and if caught, both, the dealer and the customer, are punishable by law and can land you behind bars. Would you really want to take that risk?
Being an online Company, BookMyForex provides customers the convenience of ordering online and the guaranteed best rates to send money from India to Canada because there are no infrastructure costs involved.
Now, get the currency Exchange services from cities like Mohali, Patiala, Dehradun and other big cities like Hyderabad, Mumbai, Delhi, Chennai
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Indian Financial Sector

MPs, state legislatures, or local bodies such as municipal corporations cannot be on the boards of public sector banks. Also, partners of chartered accountancy firms engaged as statutory central auditors at any PSB cannot join the boards of these banks, RBI said in an updated circular on fit and proper criteria in PSBs.
-Economic Times
The RBI clarified that banks and NBFCs cannot impose foreclosure charges / pre-payment penalties on any floating rate term loan sanctioned, for purposes other than business, to individual borrowers with or without co-obligant(s). The RBI has done away with foreclosure charges /pre-payment penalties on all floating rate term loans sanctioned to individual borrowers with effect from May 7, 2014.
-Business Line
IMPS is gaining traction and the number of transactions rose to 19 crores in July even as the transaction value for UPI and the Centre’s flagship digital payment app BHIM continued to decline for the second straight month. According to data released by the NPCI, IMPS hit a record high in July in terms of value, too. As many as 18.92 crore transactions amounting to over ₹1.82-lakh crore were conducted through IMPS in July against 17.13 crore transactions worth over ₹1.73-lakh crore in June.
-Business Line
Clearcorp Dealing Systems India Ltd (Clearcorp), a wholly owned subsidiary of Clearing Corporation of India Ltd, will launch its forex trading platform, FX-Retail, for the customers of banks on Aug 5. The FX-Retail platform will provide an anonymous and order driven dealing in US Dollar (USD) / Indian Rupee (INR) currency pair for bank customers -- individuals, sole proprietorship firms, partnership firms and corporates, Clearcorp said in a statement.
-Business Line
Corporation Bank registered a net profit of ₹103.27 crore in the first quarter of 2019-20 as against a profit of ₹84.96 crore in the corresponding period of the previous fiscal, recording a growth of 21.55%.
-Business Line
SBI today said the RBI has imposed a penalty of Rs 50 lakh on it for non-compliance relating to reporting of frauds.
-Economic Times
Oriental Bank of Commerce & Punjab National Bank today said the RBI has imposed a penalty of Rs 50 lakhs on them for non-compliance relating to reporting of frauds in the Kingfisher Airlines account.
-Economic Times
Bandhan Bank would open 187 new branches by the end of the current FY, taking the total number to 1,187, a top official said today. The bank would also open 340 doorstep service centres by 2019-20, MD & CEO Chandra Sekhar Ghosh said.
-Economic Times
Punjab & Sind Bank said it has declared NPA account Fairdeal Supplies Ltd as a fraud and has reported the matter to the RBI, it said in a regulatory filing.
-Economic Times
LIC Housing Finance reported an 8% increase in standalone net profit at ₹611 crore in the first quarter (Q1FY20) against ₹568 crore in the year-ago period.
-Business Line
Former RBI Governor Duvvuri Subbarao on Friday said that any government trying to “raid” the balance sheet of a central bank can be seen as a desperate move.
-Business Line
A spate of reforms undertaken by the Government has led to the current slowdown in the country, Amitabh Kant, the CEO of policy think-tank NITI Aayog, said. This came as a note of caution from the senior official as he was advocating a series of policy decisions to revive the economy.
-The Hindu
The country's forex reserves decreased by $727 million to $429.649 billion for the week ended July 26, led by a decline in foreign currency assets, RBI data showed on Friday.
-Moneycontrol.com
As the Rajya Sabha passed the Code on Wages, 12 Central Trade Unions, except the BMS, held protest across the country demanding the Centre to withdraw the proposed Labour Codes. Terming the 4 proposed codes anti-labour, the trade unions alleged that the Bills are being passed without any tripartite negotiations with trade unions, chambers of commerce and the Governments. They alleged that there is a conspiracy to take away the right to work for 8 hours and give the power to the State governments and the Centre to set working hours.
-Business Line
 -#030819 
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Indian Financial Sector

Finance Minister Nirmala Sitharaman today said the NBFC crisis seems to have bottomed out and the Government along with the RBI will closely monitor the situation to ensure that the sector comes out of the wood. -Economic Times
In fresh trouble for Nirav Modi, the Pune bench of the debt recovery tribunal (DRT) has issued a recovery certificate and has directed the Nirav Modi to pay over Rs 7,200 crore to Punjab National Bank (PNB) and others. Today, the Pune bench of DRT, which also holds additional charge of Mumbai, passed an order in two cases filed by PNB. The presiding officer, Deepak Thakkar, has allowed the petitions filed by the PNB. -Economic Times
Punjab National Bank said today it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd (BPSL) and has reported it to the RBI. PNB said Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of accounts to raise funds from consortium lender banks. -Economic Times
India’s foreign exchange (forex) reserves swelled by $1.262 billion to scale a fresh high of $427.678 billion in the week to June 28, boosted by higher foreign portfolio investments and a stable rupee, RBI data showed. -Business Line
Acting quickly on the government's second attempt to sell the financially-crippled Air India, its chief Ashwani Lohani has called a meeting of all the 13 unions Monday to discuss the terms of privatisation, according to sources. -Economic Times
 -#060719 
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Indian Financial Sector

The Government has no proposal to increase the amount provided under the Pradhan Mantri Awaas Yojana, the Minister for Rural Development Narinder Singh Tomar informed the Rajya Sabha today. -Economic Times
India’s financial system remains stable against the backdrop of improving resilience of the banking sector, even though the emerging trends in global economic as also geopolitical environment pose challenges, the RBI said. -Business Line
The RBI is reviewing its master direction on frauds and considering additional measures for timely recognition of frauds and enforcement action against violations, it said in its financial stability report (FSR). -Livemint
The RBI today set an average base rate of 9.18% for non-banking financial companies and micro finance institutions to be charged from their customers for the quarter beginning July 1. “The applicable average base rate to be charged by non-banking financial companies and micro finance institutions (NBFC-MFIs) to their borrowers for the quarter beginning July 1, 2019 will be 9.18%,” RBI said in a release. -Business Line
In a staggering revelation indicating that Indian banks have been under-reporting frauds. The Data released by the RBI in its latest edition of the Financial Stability Report, suggests that nearly 40% of the under-reported frauds actually took place in 3 years between 2013 to 2016. -Economic Times
Gross NPAs of NBFCs have risen from 5.8% in 2017-18 to 6.6% of their loans in 2018-19 even as net NPAs declined by 10 basis points from 3.8 to 3.7 per cent in the same period, the RBI’s Financial Stability Report has said. -Business Standard
After taking a hit on account of loans to IL&Fs, Bandhan Bank will stay away from big corporate loans, and will remain focused on micro-loans in the short term, C S Ghosh, MD & CEO of the bank said. -Business Standard
IndusInd Bank has now become 2.58% owner of micro -finance firm Satin Creditcare following allotment of 13.43 lakh equities against preference shares. -Economic Times
United Bank of India (UBI) is targeting an NPA recovery of around Rs 4,000 crore in the 2019-20 fiscal on the back of a one-time settlement (OTS) scheme, a top official said. In the April-June quarter, the bank is expecting a recovery of Rs 300-400 crore, which would mainly accrue from the retailing sector, MD and CEO Ashok Kumar Pradhan said. -Business Line
As per latest NPCI data, 33.5 million transactions worth Rs 9,000 crore happened over micro ATMs in May. The Aadhar-Enabled Payments Channel (AEPS), which falls under the broader category of micro-ATMs, has emerged as one of the fastest growing payments systems in the country, second only to the UPI system in terms of annual volume growth. -Economic Times
The SBI today revealed the names of 10 new big-ticket firms from the pharmaceuticals, gems and jewellery and power sectors and also their top officials as it declared them 'wilful defaulters'. Mostly based in Mumbai, the outstandings from these loan defaulters are pegged at nearly 1,500 crore, and they have been served repeated reminders to clear their borrowings. -Livemint
Bank of Maharashtra said it will raise up to Rs 3,000 crore equity capital through various modes, including follow-on public offer or preferential issuance of shares. The decision was taken at the bank's annual general meeting held on June 27, 2019. -Moneycontrol.com
SIDBI has committed Rs 3,123.2 crore to 49 SEBI registered Alternative Investment Funds (AIFs), who in turn have invested Rs 1,625.73 crore into 247 startups, commerce and industry minister Piyush Goyal said today. -Economic Times
In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup today announced a partnership to bid for 75% of the airline through the NCLT process, members of the consortium said. -Economic Times
Union Minister for MSME Nitin Gadkari said that his vision is to increase MSMEs contribution to India’s GDP to over 50% from the current 29% and that for the Indian economy to scale the $5 trillion mark. -Economic Times
PM Modi and US President Donald Trump Friday "aired" their concerns over the bilateral trade disputes and agreed for an early meeting of their commerce ministers to sort out the issues, a day after the US leader demanded withdrawal of the "very high" tariffs levied by India on American goods. -Economic Times
India has received USD 1.81 billion FDI from China during April 2014 to March 2019, Parliament was informed Friday. -Economic Times
India's foreign exchange reserve touched a life-time high of $426.42 billion after it surged by $4.215 billion in the week to June 21, RBI data showed. Forex reserves had scaled a record high of $426.028 billion in the week to April 13, 2018. -Livemint
USD/INR 69.02
SENSEX 39394.64(-191.77)
NIFTY50 11788.85(-52.70)
 -#280619 
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US Venezuela Policy is About Oligarchy, Not Democracy

US Venezuela Policy is About Oligarchy, Not Democracy

The proven oil reserves in Venezuela are recognized as the LARGEST in the world, totaling 297 billion barrels.
While ignoring (and even supporting) the atrocities of authoritarian regimes in places like Saudi Arabia, Bahrain and Uzbekistan, US oligarchs have targeted Venezuela for “regime-change” in the name of “democracy”.
Currently, the US is engaging in economic warfare against Venezuela to foment a coup and remove its democratically elected president Nicolás Maduro.
Without providing solid evidence, our corporate-controlled government and mainstream media portray Maduro as a corrupt, repressive, and illegitimate leader with little to no support.

Ask yourself:

Do I ever see officials from the Venezuelan government appear in corporate news shows to tell THEIR side of the story?
What people DO get to comment on Venezuela and what are their credentials and agenda? Are these people essentially public relations agents for the US-orchestrated coup?
Does corporate news provide me with historical background of US imperialism in Venezuela to put these current events in context?

What Corporate-Controlled Media will NOT Tell You

The CIA was involved in the failed coup against Venezuela's popular leader Hugo Chavez in 2002.
Venezuela is not a strictly socialist country; it has a “mixed” economy - not unlike Norway or other Scandinavian countries.
Venezuela is a DEMOCRACY - unlike US-allies Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Kuwait.
In 2012, Jimmy Carter went on record saying:
“As a matter of fact, of the 92 elections that we've monitored, I would say the election process in Venezuela is the best in the world”
The opposition to Maduro knew they were going to lose the last election and so boycotted it in attempt to delegitimize the results.
The US actually tried to dissuade Maduro’s opponents from running!
Maduro invited international observers into the country in 2018 to monitor the last election but the opposition asked the UN not to send observers!
More than 80% of the Venezuelan population had not even HEARD of Juan Guaidó before Trump and the US state proclaimed him the “rightful” president.
Maduro’s approval ratings within his country are on par with opposition-controlled National Assembly. According to an October poll by opposition-aligned pollster Datanalisis, Venezuela's National Assembly, of which Juan Guaidó is president, has a disapproval rating of 70%.
Venezuela WANTS to sell its oil to the US – the US is their largest market and refines a majority of their oil.
US companies Chevron Corp, Halliburton, Schlumberger, Baker Hughes and Weatherford International all have operations in Venezuela, and are allowed to continue to engage in transactions and activities with PDVSA and its joint ventures through July 27.
“No State or group of States has the right to intervene, directly or indirectly, for any reason whatever, in the internal or external affairs of any other State. The foregoing principle prohibits not only armed force but also any other form of interference or attempted threat against the personality of the State or against its political, economic, and cultural elements.” Organization of American States Charter

Why is the US Corporatocracy so Keen to Remove Maduro?

While Venezuela’s economy is not a strictly-state-run economy, its oil industry is nationalized and uses its revenues for the benefit of its citizens (especially the poor).
After years of crippling US sanctions Maduro stepped over a crucial line in October when his government announced that Venezuela was abandoning the US dollar and would be make all future transactions on the Venezuelan exchange market in euro.
Saddam Hussein also went off the dollar in favor of the euro in 2003 – we started dropping bombs on him the next month.
A similar decision by the Gadhafi government in Libya (2011) was quickly followed by a devastating US-orchestrated conflict - culminating in Gadhafi's capture by radical Islamists who sodomized him with a bayonet before killing him. Since then, Libya has gone from Africa's wealthiest country to a truly failed-state complete with a slave trade! To make matters worse, after the collapse of the Libyan government, its military arms were smuggled out of that country and into the hands of ISIS fighters in Iraq and Syria - enabling US-orchestrated chaos in those countries.

Who cares what currency a country uses to trade petroleum?

Answer: US oligarchy

The US dollar is central to US world economic domination.
Like all other modern currencies, it is a fiat currency – backed by no real assets to prop up its value.
In lieu of a “gold standard” we know operate on a de-facto “oil-standard”:
"After the collapse of the Bretton Woods gold standard in the early 1970s, the United States struck a deal with Saudi Arabia to standardize oil prices in dollar terms. Through this deal, the petrodollar system was born, along with a paradigm shift away from pegged exchanged rates and gold-backed currencies to non-backed, floating rate regimes.
The petrodollar system elevated the U.S. dollar to the world's reserve currency and, through this status, the United States enjoys persistent trade deficits and is a global economic hegemony." Investopedia
“The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence. Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.” Anthony Wile

US Foreign Policy is about Oligarchy Not Democracy

Since World War II, the US has attempted to over-throw the 52 foreign governments. Aside from a handful of exceptions (China, Cuba, Vietnam, etc.), the US has been successful in the vast majority of these attempts.
US foreign policy is not about democracy – it is about exploiting the world’s resources in the interests of a small, ultra-wealthy global elite.
This exploitation benefits a small percentage of people at the top of the economic pyramid while the costs are born by those at the bottom.

US CIA Coup Playbook:

How to Plunder Resources from Foreign Countries While Pretending to Support Democracy
  1. Find a country with resources you want.
  2. Send in an “Economic Hitman” to offer bribes the country’s leader in the form of personally lucrative business deals. If he accepts the deal, the leader will amass a personal fortune in exchange for "privatizing” the resources you wish to extract.
If the leader will not accept your bribes, begin the regime-change process.
3) Engage in economic warfare by imposing crippling sanctions on the country and blame the ensuing shortages on the leader’s “socialist” policies.
4) Work with right-wing allies inside country to fund and organize an “astroturf” opposition group behind a corporate-friendly puppet.
5) Hire thugs inside country to incite unrest and violence against the government in coordination with your opposition group. Use corporate media to publicize the orchestrated outbursts as popular outrage and paint a picture of a “failed state” mired in corruption and chaos.
6) When the government arrests your thugs, decry the response as the brutal repression. Use corporate-owned media to demonize the target government as a despotic regime while praising your puppet opposition as champions of democracy.
7) Work with right-wing military leaders to organize the overthrow the government (offer them the same business deals the current leader refused).
8) If a military-led coup cannot be organized, create a mercenary army to carry out acts of terrorism against the government and its supporters. Portray the mercenaries as “freedom fighters” and their acts of terrorism as a “civil war”.
9) If the target government has popular and military support and is too well-defended for your mercenaries to over-throw: label the country a “rouge state” and wait for the right time to invade. Meanwhile, continue to wear the country’s government and populace down using steps 3 – 8.
10) Escalate the terror campaign within the country to provoke a military response from the country against the US. If they won’t take the bait , fabricate an attack or threat that you can sell to the US population as justification for an invasion.
11) Once the government is removed, set up your puppet regime to provide the illusion of sovereignty. The regime will facilitate and legitimize your appropriation of the country’s resources under the guise of "free" trade.
12) As you continue to extract the country’s resources, provide intelligence and military support to the puppet regime to suppress popular dissent within the country.
13) Use the demise of the former government as yet another example of the impracticality of “socialism.”
What Can I Do?
Call your senators and representatives to voice your opposition to US regime-change efforts in Venezuela.
https://www.commoncause.org/find-your-representative/
Please share this message with others.
Sources included at: https://link.medium.com/8DiA5xzx4T

‘Venezuela’: Media’s One-Word Rebuttal to the Threat of Socialism

ALAN MACLEOD FEBRUARY 8, 2019
A recent Gallup poll (8/13/18) found that a majority of millennials view socialism favorably, preferring it to capitalism. Democratic socialist Bernie Sanders is the most popular politician in the United States, while new leftist Rep. Alexandria Ocasio-Cortez’s (AOC) policies of higher taxes on the wealthy, free healthcare and public college tuition are highly popular—even among Republican voters (FAIR.org,1/23/19).
Alarmed by the growing threat of progressive policies at home, the establishment has found a one-word weapon to deploy against the rising tide: Venezuela. The trick is to attack any political figure or movement even remotely on the left by claiming they wish to turn the country into a “socialist wasteland” (Fox News, 2/2/19) run by a corrupt dictatorship, leaving its people hungry and devastated.
Leading the charge have been Fox News and other conservative outlets. One Fox opinion piece (1/25/19) claimed that Americans should be “absolutely disgusted” by the “fraud” of Bernie Sanders and Democrats like Alexandria Ocasio-Cortez, Elizabeth Warren and Cory Booker, as they “continue to promote a system that is causing mass starvation and the collapse of a country,” warning that is exactly what their failed socialist policies would bring to the US. (Back in the real world, while Sanders and Ocasio-Cortez identify as socialists, Warren is a self-described capitalist, and Booker is noted for his ties to Wall Street, whose support for his presidential bid he has reportedly been soliciting.) A second Fox Newsarticle (1/27/19) continues in the same vein, warning that, “At the heart of Venezuela’s collapse is a laundry list of socialist policies that have decimated its economy.”
The Wall Street Journal (1/28/19) describes calls for negotiations in Venezuela as “siding with the dictator.”
In an article entitled “Bernie Sanders, Jeremy Corbyn and the Starving Children of Venezuela,” the Washington Examiner (6/15/17) warned its readers to “beware the socialist utopia,” describing it as a dystopia where children go hungry thanks to socialism. The Wall Street Journal (1/28/19) recently condemned Sanders for his support of a “dictator,” despite the fact Bernie has strongly criticized Venezuelan President Nicolás Maduro, and dismissed Maduro’s predecessor, Hugo Chavez, as a “dead Communist dictator” (Reuters, 6/1/16).
More supposedly centrist publications have continued this line of attack. The New York Times’ Bret Stephens (1/25/19) argued: “Venezuela is a socialist catastrophe. In the age of AOC, the lesson must be learned again”—namely, that “socialism never works,” as “20 years of socialism” has led to “the ruin of a nation.” The Miami Herald(2/1/19) cast shame on Sanders and AOC for arguing for socialism in the face of such overwhelming evidence against it, describing the left’s refusal to back self-appointed president Juan Guaidó, someone whom less than 20 percent of Venezuelans had even heard of, let alone voted for, as “morally repugnant.”
This useful weapon to be used against the left can only be sustained by withholding a great number of key facts—chief among them, the US role in Venezuela’s devastation. US sanctions, according to the Venezuelan opposition’s economics czar, are responsible for a halving of the country’s oil output (FAIR.org, 12/17/18). The UN Human Rights Council has formally condemned the US and discussed reparations to be paid, with one UN special rapporteur describing Trump’s sanctions as a possible “crime against humanity” (London Independent, 1/26/19). This has not been reported by any the New York Times, Washington Post, CNN or any other national US “resistance” news outlet, which have been only too quick to support Trump’s regime change plans (FAIR.org, 1/25/19).
Likewise, the local US-backed opposition’s role in the economic crisis is barely mentioned. The opposition, which controls much of the country’s food supply, has officially accepted responsibility for conducting an “economic war” by withholding food and other key goods.
For example, the monolithic Empresas Polar controls the majority of the flour production and distribution crucial for making arepa cornbread, Venezuela’s staple food. Polar’s chair is Leopoldo Lopez, national coordinator of Juan Guaidó’s Popular Will party, while its president is Lorenzo Mendoza, who considered running for president against Maduro in the 2018 elections that caused pandemonium in the media (FAIR.org, 5/23/18).
Conspicuously, it’s the products that Polar has a near-monopoly in that are often in shortest supply. This is hardly a secret, but never mentioned in the copious stories (CNN, 5/14/14, Bloomberg, 3/16/17, Washington Post, 5/22/17, NPR, 4/7/17) focusing on bread lines in the country.
Also rarely commented on was the fact that multiple international election observer missions declared the 2018 elections free and fair, and that Venezuelan government spending as a proportion of GDP (often considered a barometer of socialism) is actually lower than the US’s, and far lower than most of Europe’s, according to the conservative Heritage Foundation.
The London Daily Express (2/3/19) demonstrates that redbaiting works equally well on either side of the Atlantic.
Regardless of these bothersome facts, the media has continued to present Venezuela’s supposedly socialist dictatorship as solely responsible for its crisis as a warning to any progressives who get the wrong idea. So useful is this tool that it is being used to attack progressive movements around the world. The Daily Express (2/3/19) and Daily Mail (2/3/19) condemned UK Labour Party leader Jeremy Corbyn for his “defense” of a “dictator,” while the Daily Telegraph(2/3/19) warned that the catastrophe of Venezuela is Labour’s blueprint for Britain. Meanwhile, the Greek leftist party Syriza’s support for Maduro (the official position of three-quarters of UN member states) was condemned as “shameful” (London Independent, 1/29/19).
“Venezuela” is also used as a one-word response to shut down debate and counter any progressive idea or thought. While the panel on ABC’s The View (7/23/18) discussed progressive legislation like Medicare for All and immigration reform, conservative regular Meghan McCain responding by invoking Venezuela: “They’re starving to death” she explained, leaving the other panelists bemused.
President Trump has also used it. In response to criticism from Senator Elizabeth Warren over his “Pocahontas” jibe, he replied that she would “make our country into Venezuela” (Reuters, 10/15/18).
The weapon’s effectiveness can only be sustained through a media in lockstep with the government’s regime-change goals. That the media is fixated on the travails of a relatively small and unimportant country in America’s “backyard,” and that the picture of Venezuela is so shallow, is not a mistake. Rather, the simplistic narrative of a socialist dictatorship starving its own people provides great utility as a weapon for the establishment to beat back the domestic “threat” of socialism, by associating movements and figures such as Bernie Sanders, Alexandria Ocasio-Cortez and Jeremy Corbyn with an evil caricature they have carefully crafted.

Corporate Propaganda Blitz Against Venezuela’s Elected President: MSM Will Not Let Facts Interfere With Coup Agenda

Facts Don’t Interfere With Propaganda Blitz Against Venezuela’s Elected President Joe Emersberger
Guaidó, anointed by Trump and a new Iraq-style Coalition of the Willing, did not even run in Venezuela’s May 2018 presidential election. In fact, shortly before the election, Guaidó was not even mentioned by the opposition-aligned pollster Datanálisis when it published approval ratings of various prominent opposition leaders. Henri Falcón, who actually did run in the election (defying US threats against him) was claimed by the pollster to basically be in a statistical tie for most popular among them. It is remarkable to see the Western media dismiss this election as “fraudulent,” without even attempting to show that it was “stolen“ from Falcón. Perhaps that’s because it so clearly wasn’t stolen.
Graph: Approval Ratings of Main Venezuelan Leaders Nov 2016 - July 2018 Data from the opposition-aligned pollsters in Venezuela (via Torino Capital) indicates that Henri Falcón was the most popular of the major opposition figures at the time of the May 2018 presidential election. Nicolás Maduro won the election due to widespread opposition boycotting and votes drawn by another opposition candidate, Javier Bertucci.
The constitutional argument that Trump and his accomplices have used to “recognize” Guaidó rests on the preposterous claim that Maduro has “abandoned” the presidency by soundly beating Falcón in the election. Caracas-based journalist Lucas Koerner took apart that argument in more detail.
What about the McClatchy-owned Miami Herald's claim that Maduro “continues to reject international aid”? In November 2018, following a public appeal by Maduro, the UN did authorize emergency aid for Venezuela. It was even reported by Reuters (11/26/18), whose headlines have often broadcast the news agency’s contempt for Maduro’s government.
It’s not unusual for Western media to ignore facts they have themselves reported when a major “propaganda blitz” by Washington is underway against a government. For example, it was generally reported accurately in 1998 that UN weapons inspectors were withdrawn from Iraq ahead of air strikes ordered by Bill Clinton, not expelled by Iraq’s government. But by 2002, it became a staple of pro-war propaganda that Iraq had expelled weapons inspectors (Extra! Update, 10/02).
And, incidentally, when a Venezuelan NGO requested aid from the UN-linked Global Fund in 2017, it was turned down. Setting aside how effective foreign aid is at all (the example of Haiti hardly makes a great case for it), it is supposed to be distributed based on relative need, not based on how badly the US government wants somebody overthrown.
But the potential for “aid” to alleviate Venezuela’s crisis is negligible compared to the destructive impact of US economic sanctions. Near the end of the Miami Herald article, author Jim Wyss cited an estimate from the thoroughly demonized Venezuelan government that US sanctions have cost it $30 billion, with no time period specified for that estimate. Again, this calls to mind the run-up to the Iraq invasion, when completely factual statements that Iraq had no WMDs were attributed to the discredited Iraqi government. Quoting Iraqi denials supposedly balanced the lies spread in the media by US officials like John Bolton, who now leads the charge to overthrow Maduro. Wyss could have cited economists independent of the Maduro government on the impact of US sanctions—like US economist Mark Weisbrot, or the emphatically anti-Maduro Venezuelan economist Francisco Rodríguez.
Illegal US sanctions were first imposed in 2015 under a fraudulent “state of emergency” declared by Obama, and subsequently extended by Trump. The revenue lost to Venezuela’s government due to US economic sanctions since August 2017, when the impact became very easy to quantify, is by now well over $6 billion. That’s enormous in an economy that was only able to import about $11 billion of goods in 2018, and needs about $2 billion per year in medicines. Trump’s “recognition” of Guaidó as “interim president” was the pretext for making the already devastating sanctions much worse. Last month, Francisco Rodríguez revised his projection for the change in Venezuela’s real GDP in 2019, from an 11 percent contraction to 26 percent, after the intensified sanctions were announced.
The $20 million in US “aid” that Wyss is outraged Maduro won’t let in is a rounding error compared to the billions already lost from Trump’s sanctions.
Former US Ambassador to Venezuela William Brownfield, who pressed for more sanctions on Venezuela, dispensed with the standard “humanitarian” cover that US officials have offered for them (Intercept, 2/10/19):
And if we can do something that will bring that end quicker, we probably should do it, but we should do it understanding that it’s going to have an impact on millions and millions of people who are already having great difficulty finding enough to eat, getting themselves cured when they get sick, or finding clothes to put on their children before they go off to school. We don’t get to do this and pretend as though it has no impact there. We have to make the hard decision—the desired outcome justifies this fairly severe punishment.
How does this gruesome candor get missed by reporters like Wyss, and go unreported in his article?
Speaking of “severe punishment,” if the names John Bolton and Elliott Abrams don’t immediately call to mind the punishment they should be receiving for crimes against humanity, it illustrates how well the Western propaganda system functions. Bolton, a prime facilitator of the Iraq War, recently suggested that Maduro could be sent to a US-run torture camp in Cuba. Abrams played a key role in keeping US support flowing to mass murderers and torturers in Central America during the 1980s. Also significant that Abrams, brought in by Trump to help oust Maduro, used “humanitarian aid” as cover to supply weapons to the US-backed Contra terrorists in Nicaragua.
In the Miami Herald article, the use of US “aid” for military purposes is presented as another allegation made by the vilified Venezuelan president: “Maduro has repeatedly said the aid is cover for a military invasion and has ordered his armed forces not to let it in, even as food and medicine shortages sweep the country.”
Venezuela Accuses U.S. of Secretly Shipping Arms After Weapons Found on Plane with Possible CIA Ties | Democracy Now!
Calling for international aid and being democratically elected will do as little to protect Maduro’s government from US aggression as being disarmed of WMD did to prevent Iraq from being invaded—unless there is much more pushback from the US public against a lethal propaganda system.
Suggested Reading:
When Is a Democracy not a Democracy? When It’s Venezuela and the US is Pushing Regime Change. Venezuela has as much right to call itself a democracy as does the United States. Until that is understood by enough people, the Trump administration will continue to devastate Venezuela’s economy with illegal sanctions and push it towards civil war.
UN Rapporteur: US Sanctions Cause Death in Venezuela
Guaido is playing it fast and loose with the Bolivarian Constitution to justify a dictatorship
Trump’s Economic Sanctions Have Cost Venezuela About $6bn Since August 2017
How could Venezuela's president 'steal' the 2018 election from an unknown who didn't run?
In other news...
The Largest Protest Ever Was 15 Years Ago. The Iraq War Isn’t Over. What Happened?
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In case you missed it: HSBC trader found guilty of front running the spot fx market. Detailed court charts provide insight into how bank money moves markets and including actual position size/duration information.

One of the things that surprises many newbies to the forex world is that some forms of insider trading aren't illegal. Front running is the practice of taking a position with the knowledge that there is a large order coming through behind you to push the market in your favour, and it's been generally accepted that this is just the way of things in the spot market, even if it's been outlawed in futures and equities.
However, a recent landmark case means that this may no longer be the case.
Former HSBC Holdings Plc currency trader Mark Johnson was found guilty of fraud for front-running a $3.5 billion client order, a victory for U.S. prosecutors as they seek to root out misconduct in global financial markets.
He was convicted on Monday on nine of 10 fraud and conspiracy counts after a month-long trial in Brooklyn, New York.
(https://www.bloomberg.com/news/articles/2017-10-23/ex-hsbc-currency-trader-is-convicted-of-fraud-for-front-running)
It is hard to know exactly what impact this will have on the markets, given that many traders will look at this case and note that: a) there was fall out because the HSBC desk execution acted against the interest of their client, rather than the front running per se b) there was active conspiracy with other traders c) the run was into the fix, rather than less watched times of the day.
I haven't read the case details though, so perhaps there is actual specificity against the practice. Systemic risk averse (not the same as market risk aversion) institutions may be less willing to engage in the practice, and certainly it seems to continue the push towards removing the human element altogether.
-- // --
What's even more interesting for spot traders who can't front run, is the detailed look behind the scenes that the case gives us, as it clearly outlines the actual events in the real world that translate into price movement.
Timeline of events
1) Cairn Energy PLC, an oil and gas company begin talks to sell a 51.8% share of their Cairn India subsidiary in late 2010 for $8.7 billion
2) Approval from the Indian government doesn't come through until September 2011
3) Cairn Energy place an order with HSBC to convert 3.5 billion dollars from the asset sale to pounds in December 2011
4) HSBC desk traders accumulate GBPUSD longs in anticipation of the big order
5) The desk trader responsible for putting through the 3.5 billion trade 'ramps' the order through just before the fix, all traders then close out positions.
References: https://en.wikipedia.org/wiki/Cairn_Energy https://www.law360.com/articles/972069/expert-tells-of-hsbc-trading-frenzy-around-3-5b-forex-deal https://www.bloomberg.com/news/articles/2017-10-05/ex-hsbc-trader-says-boss-ordered-him-to-ramp-up-price-of-pound
-- // --
Now for those of you who are already aware that this sort of activity occurs, this isn't news, just open confirmation of what was assumed to take place.
More fascinating though are the position size and timing information, which give proper insight into market dynamics.
You should read this full article to get the best understanding: https://www.bloomberg.com/news/articles/2017-10-10/in-hsbc-currency-trade-charts-u-s-offers-its-theory-of-a-crime
-- // --
These are the charts in question:
Reuters Buying Market M5 volume chart showing HSBC share
https://i.imgur.com/bXBN2BC.jpg
For all that's said about spot forex having 'no true centralised volume' etc, this is an incredibly telling graphic of just how much a major player can dominate the interbank market and leave a very meaningful and tell-tale spike, even at the fix. Additionally that's 1.6BN notional moved in five minutes.
Prop book position sizes for HSBC London and HSBC NY
https://i.imgur.com/MhRPGWJ.jpg
https://i.imgur.com/krBztbX.jpg
There is a lot of information in these charts if you're willing to dig down into them. You can see the size of individual HSBC bank traders' positions, how much they change them, how long they hold them for, and how quickly they exit them.
It's worth nothing that the increments on the horizontal axis are 6 minutes, meaning the standard position hold length was often only in hours, with size reaching up to $70M for the NY traders.
The London traders had quite different styles, one of them running a frequently adjusting multiple small trades inside their larger position, one of them running a static short for much of the day before flipping to the long as they were alerted to the front-running opportunity.
In addition to liquidating their positions into the $3.5bn client order, many also shorted off the peak, although didn't close out in the given time period.
Actual spot price vs HSBC trader position size
https://i.imgur.com/Qc1Kart.jpg
This is particularly fascinating, because it's rare to see the spot price superimposed over the genuine very high volume buying activity.
Having looked through these charts, it's important to take a step back and think about how it all fits together: corporate activity outside of the market, leading to a major forex order, leading to the constant aggressive buying driving price up over an hour, and then the sharp position exits causing price to peak.
How you would have perceived this depends on your lens to the market. Perhaps it looked to you like a particular candle formation, maybe a test of resistance, maybe a breach of resistance. Perhaps you saw it as a big volume stomp on the DoM. Maybe it was just 'noise' (even though it represented a genuine commercial event). Maybe it formed part of harmonic, or crossed an average, triggered an automated algor entry.
But price doesn't move about for abstract reasons from minute to minute, hour to hour - it's driven by real world events that will never register on your radar, like the Cairn's Indian subsidiary sale, which then manifests when bank traders make decisions with client money and bank prop money on the side.
Whether or not this should factor into your trading depends on a combination of your personality, mental model of the market and your trading style. But new traders should always be very wary of approaches to the market that can not account for the information that can be seen about how the market operates when criminal investigations pull back the curtains.
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ICAI 2019: Institute of Chartered Accountants of India / ICAI Intress Exam / ICAI Fee / ICAI Course / ICAI Eligibility / ICAI Result and CA Future scope

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the whole world.
Courses Offered By ICAI:
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Khobragate! The real problem is that we pay our diplomats less than what US laws say they should pay their servants

Seems the salary of Khobragade was $4000. And according to laws, she was supposed to pay $4500 to her nanny.
Ms Khobragade's lawyers argue that with her own salary of $ 4,000 a month, she can hardly pay her help more than that. They also said her arrest on the street, without being given a chance to explain, was "shocking and unprecedented." http://www.ndtv.com/article/india/indian-diplomat-arrested-in-us-for-alleged-visa-fraud-handcuffed-in-public-458143
They argue that her $4,000 per month salary makes it difficult to pay anything more for childcare. While Khobragade’s alleged actions were totally illegal, her representation does make an interesting point about how far $4,000 goes in NYC. And for a three-person family nonetheless. The average monthly rent for a two-bedroom apartment in Manhattan is $3,923, leaving little room for food and transportation, much less an expensive babysitter. http://www.ndtv.com/article/india/indian-diplomat-arrested-in-us-for-alleged-visa-fraud-handcuffed-in-public-458143
So the way I see it, first, we pay our diplomat less than what a nanny should be paid in US. Second, the diplomat unlike other working Americans, chooses to hire a nanny like in India and pay a super high salary by Indian standards but low by American standards.
Forget the maid issue. If this is what we pay our diplomats, then perhaps we should ask them to work from India and telecommute. Fucking save some forex.
submitted by wanderingmind to india [link] [comments]

Philosophy & Introduction — Inziderx

Philosophy & Introduction — Inziderx
https://preview.redd.it/w4ajxmo155d11.jpg?width=800&format=pjpg&auto=webp&s=720f1a620c7f7919f5f8c93eca783e6a5186a044
4 min read -
Philosophy & Introduction — Inziderx
HI, in my previous article, I explained the “Reasons, Concepts and Vision” of InziderX Exchange.
In this article, I want to dive into the white paper and explain the philosophical reasons that surround the birth of the idea.
This world, our reality, the human experience we live in, has always been tied to a historical epoch, where some characteristics weigh more than others.
The 21st century battle of what remains of capitalism and communism, after two world wars. And now we are confronted with what previously would be perceived as an Orwellian reality by the people who lived in the 1950s.
It is the game of Hegel: thesis / anti — thesis / synthesis.
The human condition has involved since, but it seems that we always want more of life, a better condition for all.
The blockchain is a tool, which has no opinion on these considerations by simply avoiding the subject, jumping over it; acting as if these realities were those of yesterday.
In fact, it may be the opposite, the blockchain takes the best in each of these concepts: capitalism — the incentive, the community — compassion, and makes its own synthesis! By passing what may have been intend for it.
Satoshi Nakamoto is still anonymous, the BTC the new world currency, part of that might seem fony. There is obviously more under the subject.
An watchful eye can see Kings and Queens moving on the board.
From the InziderX white paper:

Abstract
Satoshi Nakamoto; the name itself looks like a pseudonym. As long as his identity is unknown, it will be impossible to know what his true intentions were when he made the Bitcoin code available to the public in 2009 — based on two technologies already in existence at the time: hascash and PGP but with the addition of an ingenious solution to the problem of double spending. The message included in the genesis block could be a clue: “The Times 3 January 2009 Chancellor on the second bailout point for banks”. Has he achieved his goal?
Introduction
The empire is on fire, the new game in town is the “digital assets”.
After the announcement of the future XBT, it was official. Despite the blame on this new intangible asset, the biggest players in the “old” market are silently positioning themselves on the new one.
On February 26, 2018, Bloomberg published an article claiming that Circle Financial Ltd, funded by the world’s largest investment bank, Goldman Sach, purchased the Poloniex stock exchange for $ 400 million.
The bank JPMorgan, whose famous director Jamie Dimon has repeatedly discredited those who invest in Bitcoin and called this technology a fraud, recently invented its own system of decentralized transactions named Quorum — a modified copy of the Ethereum code.
Blythe Master, a global investment personality, became CEO of Digital Asset Holding LLC in 2015, a financial technology company opened in 2014 to develop blockchain technologies for the entire investment industry, financial services such as: as market infrastructure providers. and the banks.
Ripple and his wealthy director, already present themselves as Bitcoin for banks.
For a watchful eye, the examples are not lacking and all he needs is to read between the lines to know what will follow.
After the collapse of the 2008 real estate market and the rescue of banks by the FED, the Dow Jones index has been inflated by more than 300% from its low of 6626 in 2008 to 26 667 in 2018. The Heng Seng of 200% from 10,600 to 33,642, the DAX 125% from 3458 to 7781 and Nekkei 245% from 6988 to 24171. These parabolic increases were financed by public funds but especially by the dilution of the value of world currencies, called quantitative easing.
The dollar USD, like the Denarius at the time of the Romans, dies while being diluting. In fact, all world currencies have only 5% of their purchasing power of 100 years ago, if not less. But when the price of foreign exchange does not drop dramatically because all countries are playing the same game, it is difficult to track its true purchasing power.
The currency war is very real and the side effects are disastrous. In India, the government only informed its population four hours in advance of the elimination of 500 and 1000 rupees, which represents 80% of its emission. Leaving its population, 95% of whom use paper money, in a dead end.
After inflating and diluting what might be, the money invested in the currency market and the stock market funds are looking for a new playing field; the old earth is burned, empty.
Indeed, the correction of 70% of the BTC price in January 2018 is an excellent level of long-term purchase and there is more reason to wait for a better moment to transfer the value. Was it planned?
At the beginning of 2017, the capitalization of digital assets was approximately 27 billion US dollars and 180 billion US dollars mid-year. In 2018, it is now about 800 billion US dollars and more than 325,000 transactions are processed in a day on the Bitcoin blockchain.
The daily volume on the New York Stock Exchange is about 75 million dollars in transactions, Forex exchange market volume is about 4.5 billion US dollars.
If we consider that part of the volume of traditional markets will be gradually transferred to this new market, its development is just beginning.

In the next article, I’ll cover in more detail the exchange features — we had enough philosophy for now!
InziderX CEO
https://medium.com/inziderx-exchange/philosophy-introduction-inziderx-8495f3a30b39
#InziderX #Exchange #ico https://inziderx.io
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Exposed: Forex Scam - YouTube

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