Category Archives: Economy & Policy

The Top 11 – World’s largest gold reserves

Here is the look at world’s largest gold reserves

1. United States of America – 8,133.5 tonnes
2. Germany – 3,408.3 tonnes
3. IMF – 3,217.3 tonnes
4. Italy – 2,451.8 tonnes
5. France – 2,445.1 tonnes
6. China – 1,054 tonnes
7. Switzerland – 1,040.1 tonnes
8. Japan – 765.2 tonnes
9. The Netherlands – 612.5 tonnes
10. Russia – 568.4 tonnes
11. India – 557.7 tonnes of gold

Japan Economy Officially In Recession

Japan , the world’s second-largest economy is in a recession officially.

Japans gross domestic product has fallen by 0.4 percent this year, pushing Japan into its first recession since 2001.

Japan joined Germany and Italy on the list of major economies that are now officially in recession.

The last time Japan fell into recession was in 2001 after the Internet bubble burst.

What is Socialism, Communism ?

Socialism (or Marxism)

An economic system in which the basic means of production are primarily owned and controlled collectively, usually by government under some system of central planning.

Communism, or “scientific socialism”

Communism is usually considered to be a branch of socialism, a broad group of social and political ideologies, which draws on the various political and intellectual movements with origins in the work of theorists of the Industrial Revolution and the French Revolution.