Articles related to Indonesia
 
Alasdair Macleod - Finance and Eco.
Gold, Goldmoney and Mene
Gold, ornamentation and money: that was the sequence of events. Man discovered gold, found it malleable, durable and attractive. It was first used for ornamentation, then as social economics evolved into the division of labour, its value as ornamentation and its physical properties made it the most enduring medium for money. Even to this day, Asians representing most of the world’s population still understand this connection between gold, ornamentation and money.Goldmoney has recently backed a n
Wednesday, November 1, 2017
Chris Powell - GATA
Indonesian president urges action on Freeport mine deal
JAKARTA, Indonesia -- Indonesian President Joko Widodo called for faster progress to wrap up a deal with Freeport-McMoRan Inc. on rights to the giant Grasberg copper mine, which the U.S. firm owns, officials said today. The chief executive of the world's biggest publicly traded copper company -- which under a framework deal in August agreed to divest 51 percent of the mine -- held talks with officials in Jakarta earlier in the day. The deal is intended to replace an existing contract with a "spe
Tuesday, October 10, 2017
Mac Slavo - ShtfPlan
Entire Island Of Vanuatu Evacuates As Preparation For Another Volcanic Eruption
Volcanoes seem to be exploding at a higher rate right now, and the earth is riddled with earthquakes. Now, the entire island of Ambae is evacuated as the Manaro volcano becomes increasingly active. The island of Bali in Indonesia is already evacuated under threats of Mount Agung’s imminent eruption. Now the island of Ambae in Vanuatu is also cleared of people, as worries about the Manaro volcano’s (also known as Lombenben) activity becomes a concern. Both volcanoes sit on the Pacific Ring of Fi
Friday, September 29, 2017
Jason Hamlin - Gold Stock Bull
Ponzi Finance and Gold Stocks
September News Recap: THE FEDERAL RESERVE met and talked. The unofficial statement issued after their meeting was, “Yada, Yada, Yada.” Their statement was translated by an obscure web site, link unavailable, which interpreted their statement as: “The Federal Reserve along with other important central banks and G-20 nations have created a pyramid of debt. This debt is ever-increasing and will be repaid by issuing new debt. Example:  Issue $2 trillion in new debt to repay $1.5 trillion in old debt
Thursday, September 28, 2017
Mac Slavo - ShtfPlan
Indonesian Volcano Mount Sinabung Erupts
Fears that Mount Agung would explode in Bali sparked the evacuation of 50,000 mere days ago.  But the volcano hasn’t erupted yet, instead, Mount Sinabung is now exploding. More than 75,000 people living in the area have fled since the announcement that the Mount Agung volcano’s eruption is imminent.  The fear that Mout Agung will go off at any time has just been ratcheted up to the highest level as well, leaving displaced residents rightly concerned.  While all attention was focused on the poten
Thursday, September 28, 2017
Mac Slavo - ShtfPlan
Island Nation Of Vanuatu Evacuated As Volcano Erupts
Natural disasters are coming fast and furious around the globe.  About 6,000 people have been evacuated from the Pacific island nation of Vanuatu because of an erupting volcano. Although the Monaro volcano on Ambae island has been active since 2005, however, sudden activity on Saturday raised fears of a major eruption.  The director of Vanuatu’s National Disaster Management Office Shadrack Welegtabit said on Tuesday that Vanuatu would declare an emergency on the island after the volcano’s activi
Wednesday, September 27, 2017
Mac Slavo - ShtfPlan
50K Evacuated From Bali, As Nation Is On Volcano Alert For Imminent Eruption
Fears of an imminent eruption on the Indonesian tourist island of Bali have led to the evacuation of an estimated 50,000 people.  The Mount Agung volcano is going to erupt, scientists say. Waskita Sutadewa, the spokesman for the disaster mitigation agency in Bali, said people have scattered to all corners of the island and some have crossed to the neighboring island of Lombok. Indonesian authorities raised the volcano’s alert status to the highest level on Friday following a dramatic increase in
Tuesday, September 26, 2017
Chris Powell - GATA
China gold firms pursue $1.5 billion Indonesia mine
Shandong Gold Group, one of the biggest Chinese miners of the metal, is among firms considering bids for EMR Capital's Indonesian gold and silver mine, people with knowledge of the matter said. China Gold International Resources Corp. is also exploring a possible bid for the Martabe mine in North Sumatra province, according to the people, who asked not to be identified because the details are private. EMR Capital, a resources-focused private equity firm, is weighing options including a sale of t
Wednesday, September 13, 2017
Chris Powell - GATA
China sees new world order with its own oil benchmark backed by gold
By Damon Evans Nikkei Asian Review, Tokyo Friday, September 1, 2017 https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... DENPASAR, Indonesia -- China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry. The contract could become the most important Asia-based crude oil benchmark, given that China is the world's biggest oil importer. Crude oil is usually priced in re
Tuesday, September 5, 2017
Chris Powell - GATA
Freeport makes compromise to end years of wrangling over Indonesian mining rights
JAKARTA, Indonesia -- Indonesia has reached a deal to let Freeport-McMoRan Inc. keep operating its giant Grasberg copper mine, after the U.S. company agreed to sell a majority stake to the government following years of wrangling. Freeport said today it had made a "major concession and compromise" in agreeing to sell a 51 percent stake and to build a second smelter in Indonesia. The company said the deal would be structured in a way that Freeport would retain control over the operations and gover
Wednesday, August 30, 2017
Mish - Global Economic Analysis
India Bans Gold Exports “Without a Valid Reason”
In addition to its crackdown on cash, India stepped up its attack on gold. The aim is to cut down on gold imports. India does that in a roundabout way, by cracking down on exports. Bloomberg reports India Bans Gold Exports Above 22 Carats to Plug Trade Loopholes. India has banned the export of gold products with purity above 22 carats with immediate effect, a move that the industry sees as a way of curbing irregularities in the trade. The Directorate General of Foreign Trade issued a notice li
Wednesday, August 16, 2017
24hgold
announces expected non-cash impairment

Tuesday, August 15, 2017
Mark O'Byrne - gold.ie
Great Disaster Looms as Technology Disrupts White Collar Workers
– Every era, every century, every generation has its massive technological disruption – Taxi drivers being “disrupted” by technology of Uber – History shows how “middle men” frequently made redundant – Skill set of many professionals today can be replicated by machines and technology – Technology may make lawyers, accountants, architects and doctors redundant – We risk “cannabalising ourselves” with internet and emerging technologies Jean-Luc Picard “assimilated” by the Borg in Star Trek Looking
Thursday, August 10, 2017
Alasdair Macleod - Finance and Eco.
Follow the money
Since 2009, equities and other financial assets have climbed a wall of worry. Initially, it was recovery from the threat of a complete financial collapse, before the Fed saved the system once again.Systemic collapse continued to be on the cards, with European banks at risk of bankruptcy. We still talk about this today. More walls of worry to climb.The global economy has not imploded, as the bears have consistently warned. Systemic and other dangers still exist. The bears now point to excessive v
Thursday, August 3, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 7
This Insight is the tenth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the second chapter of Section II.View the Entire Research Piece as a PDF here.Stagnation, Stagflation, and the Rise of 'Darth' Volcker“When I look at the past
Wednesday, August 2, 2017
Nathan Lewis - New World Economics
Devaluations of the 1930s Don't Justify Today's Funny Money Excess
Without question, the Great Depression was a time when the political consensus moved from a Classical “hard money” approach towards a Mercantilist “soft money” approach — leading, ultimately, to today’s “print until the pain goes away” reaction. Actually, this trend had started in the later 19th century, and was not fully expressed until the 1970s – an evolution stretching over a hundred years or more. But, the experience of the Great Depression period of the 1930s st
Wednesday, July 19, 2017
Alasdair Macleod - Finance and Eco.
Safety in banking
There was a time when banks acted as custodians of their customers’ money. Indeed, keeping a person’s money and using it as if it belonged to you without their agreement is fraud in common law. A banking license legally exempts banks from charges of criminality in pursuing the normal course of fractional reserve banking business, by making it clear that you, the customer, agree to being a creditor of the bank instead of the bank acting as custodian for your money.Modern banking has its roots in
Friday, June 2, 2017
Michael Pento - Delta Global Advisors
China’s Belt And Road To Nowhere
Moody’s Investors Service downgraded China’s credit rating recently to A1 from Aa3. The rational being that it expects the financial strength of the economy to erode, as GDP growth slows and debt levels continue to pile up. What is Beijing’s response to the slowing economy and intractable debt accumulation that was just underscored by Moody’s: issue a mountain of new debt in order to pave over 60 countries around the globe? China’s One Belt One Road (OBOR) Initiative seeks to answer the age-old
Wednesday, May 31, 2017
Graham Mehl
Ransomware Part Two Spreads
Governments and companies around the world began to gain the upper hand against the first wave of the unrivaled global cyberattack this morning. More than 200,000 computers in at least 150 countries have so far been infected, according to Europol, the European Union’s law enforcement agency. The U.K.’s National Cyber Security Centre said new cases of so-called ransomware are possible “at a significant scale.” “For now, it does not look like the number of infected computers is increasing,” said
Tuesday, May 16, 2017
Gold Secrets - Bix Weir
Golden Secrets (V) Chocolate Mountain Military Base 
Here's where it gets a little tricky. The largest gold mine in the world is reported to be the Grasberg Mine in Indonesia with estimated reserves of 1,250 tons of gold (40M oz). According to USGS the total economically mineable gold reserves in the world is only 100,000 tons. And of that the USA only holds about 5,500 tons...or do we?
Monday, May 15, 2017
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