🇮🇳💸💰📈 — 🏴 ZeroHedge | India Reports Record Gold Imports In August | September 22, 2024:

"India reported record gold imports in August after the country slashed its import duty the month before. India ranks as the world's second-largest gold consumer behind China.

(...)

India reported record gold imports in dollar terms, totaling $10 billion in August. It was over a three-fold increase over the previous month. The World Gold Council estimates the country imported 140 tons of gold, tripling July’s total.

(...)

The Reserve Bank of India (RBI) continues to add gold to its reserves. Based on the latest figures, the Indian central bank has increased its gold holdings by 50 tons this year."

#Geoeconomics

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🇱🇧🛂📸 — Photo from 6 hours ago over the highway connecting Sidon and Beirut as thousands of citizens from Southern Lebanon moves north as hell rains down over their villages and cities from Israel Defense Forces warplanes shows the traffic jam between the cities

🇱🇧🛂📸 — Video: Heavy congestion in Sidon earlier as Lebanese civilians flee southern Lebanon due to Hezbollah-Israel fighting.

🇺🇸 Trust in American institutions has fallen to record lows

As of last year, a little more than a fifth of Americans trusted the feds to do what’s right “most of the time” or “just about always.”

It wasn’t always this way. In 1958, a whopping 73% of Americans had faith in the government.

🔗 https://archive.ph/EOvKB

🇲🇽❌🇺🇸 Mexican President Blames US For Upsurge In Cartel Violence In Sinaloa

Mexican President Andrés Manuel López Obrador has blamed the United States for an upsurge in violence between cartel factions in the state of Sinaloa, which has left at least 30 people dead.

Two factions of the powerful Sinaloa cartel have attacked each other in the state capital of Culiacan recently, with teams of gunmen—or sicarios—firing at each other and at the security forces.

The two factions at war are the MZ/MF, which is loyal to El Mayo, and the El Chapitos, aligned with Guzmán López and El Chapo’s other sons.

During a press briefing on Sept. 19, López Obrador—who is often referred to by his initials AMLO—described the operation to capture El Mayo as “totally illegal.”

López Obrador said there “cannot be a cooperative relationship“ between the United States and Mexico ”if they take unilateral decisions” such as going ahead with the capture of El Mayo without informing the Mexican government.

Unlike some of his predecessors, López Obrador has refused to confront Mexico’s drug cartels and has referred to his strategy as “hugs not bullets.”

Mexican prosecutors have even said they are considering bringing treason charges against those involved in the capture of El Mayo, whose cartel has killed thousands of people over the past two decades.

López Obrador is Mexico’s outgoing president, but his successor, Claudia Sheinbaum, is from the same Morena party. She will be inaugurated in January.

López Obrador’s relationship with the Biden administration has steadily deteriorated. Last month, he said he was putting relations with the United States and Canadian embassies “on pause” after their ambassadors criticized his controversial judicial reforms.

🔗 https://www.zerohedge.com/geopolitical/mexican-president-blames-us-upsurge-cartel-violence-sinaloa

🇩🇪☢ German decision to close its nuclear power plants, but keep coal power plants instead will go into history books as the dumbest environmental, geopolitical and economic decision in Europe since WWII.

🔗 Michael Arouet

— ❗️🇮🇱/ 🇱🇧 BREAKING: 'In its latest statement, Hezbollah declares its official entry into the war' – Channel 12

@Middle_East_Spectator

🇨🇳💴 China's central bank unveils most aggressive stimulus since pandemic

China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target, but analysts warned more fiscal help was vital to hit these goals.

The broader-than-expected package offering more funding and interest rate cuts marks the latest attempt by policymakers to restore confidence in the world's second-largest economy after a slew of disappointing data raised concerns of a prolonged structural slowdown.

https://www.reuters.com/world/china/china-unveils-broad-stimulus-measures-revive-economy-2024-09-24/

@FelipeChannel

🇨🇳💴 China’s big-bang stimulus boosts yuan

China’s yuan hit a 16-month high on Tuesday, after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation.

Beijing’s new measures - including a planned 50 basis point cut to banks’ reserve requirements and the signaling of potentially more easing in lending rates, as well as property market support measures - gave the yuan a lift.

Although the yuan initially weakened in offshore trading after the announcement of the rate cuts, it then climbed steadily to be up as much as 0.38% at 7.0310 per dollar as the focus shifted to the potential boost to growth.

China-sensitive assets like stocks, commodities and the euro rallied in tandem.

https://www.cnbc.com/2024/09/24/aussie-dollar-near-2024-high-before-rba-yen-drifts-as-ueda-awaited.html

@FelipeChannel

🇧🇫🤝🏳️ Burkina Faso Announces Intention to Join BRICS

Prime Minister of Burkina Faso Apollinaire Joachimson Kyelem de Tambela has announced the country's intention to join BRICS during his meeting with Russian Ambassador to Ouagadougou Igor Martynov, the Burkinabe government said.

On Monday, the Burkinabe prime minister held a meeting with the Russian ambassador in Ouagadougou, during which they discussed bilateral cooperation in the spheres of nuclear energy, economy and politics.

https://sputnikglobe.com/20240924/burkina-faso-announces-intention-to-join-brics-1120269168.html

@FelipeChannel