Search This Blog

Friday, January 19, 2024

Biden Admin Used Counter-Terrorism Grant To Fund Anti-Conservative Propaganda

 The Department of Homeland Security paid an activist group $700,000 to create self-described propaganda that attacked conservatives, a new investigation found.

DHS used a grant program intended to combat terrorists, called the Targeted Violence and Terrorism Prevention (TVTP) Program, to pay activists to write blog posts that criticized Donald Trump and other conservatives under the guise of “media literacy,” the Media Research Center found through public records requests.

In its funding application, the University of Rhode Island’s Media Education Lab declared that “propaganda and misinformation concerning topics including immigration [and] racial justice” had become “disruptive.” It asked DHS for funding to run “community-created counter-propaganda.”

“Propaganda can also be used for socially beneficial purposes. Indeed, because the public has long been recognized as being suggestible, the United States has long made use of beneficial propaganda during WWI, WWII, and the Cold War,” the grant application said.

The findings position the University of Rhode Island’s Media Education Lab and a closely linked activist group, Media Literacy Now (MLN), at the center of a sprawling, government-funded campaign to run propaganda on Americans to create a mandate for increased censorship. The Daily Wire reported last week that the same groups were also paid by the State Department, which had them arrange for German anti-“disinformation” activists to train U.S. school teachers on the techniques used in that country, which has some of the most anti-free speech policies in the West.

MRC said the grant shows that Congress must abolish all domestic censorship programs.

“The Biden administration is able to get something quite special with its $700,000 TVTP grant,” the MRC concluded in its investigation. “Harnessing the Media Literacy Now ‘network’ and, ultimately, paying children to advocate for ‘media literacy’ mandates ensnares the whole of the American public school system in its agenda.”

“With just two grants — first from the State Department, and now from the DHS — the Biden administration has been able to artificially create a perpetual ‘[p]ublic demand for media literacy in public education,’ supercharging a censorship industry devoted to an inherently anti-American philosophy hidden beneath the asinine monicker of ‘media literacy,’” it wrote.

The DHS grant led to an entity known as “Courageous RI,” helmed by U-RI professor and leftist activist Renee Hobbs, which said that its program would use the funds to manipulate the public and policymakers into demanding policies to crack down on “misinformation.”

It said “media literacy” training was especially needed in Rhode Island because “the Southern Poverty Law Center identified several active hate groups in the state,” and that some residents of the January 6 “insurrection that breached the Capitol Building” were from the state.

The anti-terrorism grant program was created under the Obama administration, and Miles Taylor, the DHS chief of staff under Donald Trump who gained notoriety for writing a New York Times op-ed admitting to undermining Trump from within, maneuvered to ensure that it lived on despite his boss’ wishes, according to a 2020 Politico article. By this year, the program was being used to explicitly liken people who believed that there is a “deep state” — the idea that unelected bureaucrats might behave like Miles — to Holocaust deniers.

The Rhode Island Lab used the DHS money to pay people $250 each to write blog posts about “misinformation, disinformation, media literacy… and more!” The articles pushed for Left-wing policies, even though federal grants cannot be used to fund lobbying. The posts sometimes had less to do with “media literacy” than political opining, railing against the National Rifle Association and Stand Your Ground laws.

“We are all living in a darker, scarier, angrier, less hopeful country thanks to Mr. Trump’s influence. Are we on the verge of civil war?” one post said, complaining that Trump “was able to crawl into the safety of First Amendment protections.”

“It won’t be easy, but we really have to reduce Trump’s influence,” it pledged.

“Content moderation decisions of digital platforms actually do not violate ordinary people’s constitutionally guaranteed speech rights. That’s because private social media companies are not bound by the First Amendment,” another said, claiming that “the political right enjoys higher amplification compared to the political left.”

The DHS-funded entity served to bring together federal and state law enforcement officials, anti-speech activists, teachers, and Democrat advocacy groups.

Rhode Island Secretary of State Gregg Amore, a Democrat, made his department an official partner of Courageous RI, and assigned his staff to ghost-write the program’s “Manifesto.” The Manifesto said that “anti-government theories… can lead to targeted violence and domestic terrorism.”

“We have become so focused on individual rights, we have forgotten about the collective good,” Amore said at Courageous RI’s launch event.

The Rhode Island School Superintendents Association and the U.S. Attorney for Rhode Island, Zachary Cunha, are also among Courageous RI’s “coalition” members, as is Moms Demand Action, a Left-wing anti-gun group.

Though it was billed as teaching people how to identify propaganda and misinformation, the grant culminated in paying youth to create government-sanctioned messages. The “Statewide Community Creative Media Contest” gave cash prizes of up to $1,000 to students who generated “public service announcements … with support from local state public safety experts as well as communications and public relations professionals.”

As part of its “Media Literacy and Civic Engagement Curriculum,” it trained teachers to use the classroom to root out “misinformation,” encouraging them to “address[] controversial current events.” It said with DHS funding, it would train more than 6,800 educators and students to embed “media literacy and terrorism prevention in many different kinds of community programs.”

The final prong in the program was “Courageous Community Conversations.” A June 2023 event pushed a video that said that the reason Hispanics tilted towards the Republican Party in 2020 was because of “disinformation” against Joe Biden in “Spanish-language media,” with Russia possibly to blame. It called for social media companies like Meta to more aggressively censor information in response.

The conversations also included a podcast series. In one episode, DHS agent Robert Mahoney, the grant’s administrator, appeared as a guest. “Somebody who has access to guns or has anti-government theories or has conspiracy theories, it doesn’t necessarily mean that they’re going to mobilize to violence, but it does mean in the sense of wanting to do interventions. If you’re causing concerns among your friends and family, to have a way of reporting or maybe getting someone the help that they desperately need,” he said.

Courageous RI official Pam Steager asked how people could “help them before they get to the point where they could be radicalized so much that they turn to violence.”

Those precursors to theoretical extremism could include mainstream American positions. In another podcast episode, Hobbs promoted a lesson plan that had children listen to a podcast in which a Southern Poverty Law Center employee likened opposition to illegal immigration to Nazism.

“You know, if one looks at the anti-immigration movement today, it is astounding the things that are said by mainstream people. You know, we have national politicians right now walking around this country talking about how illegal aliens are, quote ‘coming here to kill me, and kill you, and kill our families,’” the SPLC official claimed.

The podcast also featured authoritarian leftists like Jennifer Lima, a school board member who said that students who “misgendered” people committed an “act of violence” that should be “dealt with accordingly.” Hobbs said she wanted to “inspire people to be as courageous as you are.”

Yet another podcast guest was former Congressman David Cicilline, who wrote that the “key threat to our democracy” is the GOP, which he described as “a Trumpist authoritarian cult.” On the podcast, Cicilline said that Congress needed to make laws to make social media companies liable for “dangerous” content like “misinformation” from “Trump,” MRC found. As a congressman, Cicilline advocated for DHS funding for the group.

Using the DHS money as seed money to leverage private donations, the group is now taking the program national, and is hosting a “Courageous Conversation” in Charlottesville, Virginia on Wednesday.

An activist group closely linked to the University of Rhode Island’s Media Education Lab called Media Literacy Now is intent on making these “media literacy” trainings mandatory for all American children, but only when media literacy is used to promote liberal views. It opposed a Texas bill that instituted media literacy, but which included the 1619 Project as an example of misinformation.

The head of the Rhode Island Media Lab, Hobbs, is also an advisory board member of MLN. She once convinced the National Council for Teachers of English to call for focusing on turning children into “change agents” through critical race theory, then claimed that a veteran Washington Post reporter needed to be subjected to her “media training” when he criticized it.

Hobbs did not return a request for comment on her work, nor did DHS.


https://www.dailywire.com/news/how-the-biden-administration-used-a-counter-terrorism-grant-to-fund-anti-conservative-propaganda

Adam Schiff’s Telltale 2024 Agenda

 Adam Schiff leads the polls to be California’s next U.S. Senator, so it’s worth noting that he recently pledged to kill the filibuster and add four seats to the Supreme Court. This, and more, is what Democrats will do if they run the table in November’s elections. The need for a check on such radicalism counsels for GOP voters to focus on nominating candidates who can win.

Mr. Schiff’s agenda is pitched as “defending democracy,” but it’s really a plan to rewrite the rules of American politics into a winner-take-all system, with Democrats as the winners. Mr. Schiff claims, incredibly, that the Senate filibuster is currently being used “to solidify a new generation of Jim Crow.” Abolishing the 60-vote rule would let Democrats pass their dream legislation with 50 partisan yeses, and no need to compromise.

Explicit promises from Mr. Schiff include “a national right to abortion”; “meaningful gun safety legislation”; passage of the PRO Act to tilt labor negotiations in favor of unions; an increased corporate tax rate of 35% (from today’s 21%); a cancellation of “at least $50,000 in student loan debt for every borrower”; federal “child allowances”; and a pilot program for a “Universal Basic Income.”

He’d “increase the number of justices on the Supreme Court from 9 to 13.” He’d pass a Democratic bill to federalize elections, called the For the People Act, which would legalize ballot harvesting nationwide, while forcing states to tally mail votes that arrive 10 days late, as long as they’re timely postmarked.

Do Republican voters realize that these are the stakes if their candidates lose in November? The Senate map this fall is favorable to them, with winnable races in right-leaning states like Arizona, Montana and Ohio. Yet Republicans have a history of picking Senate nominees who can’t win a general election. The same worry hangs over a renomination of Donald Trump, given his baggage with swing voters.

The only way to block Mr. Schiff’s agenda is to win elections. If the GOP chooses candidates mainly because they claim to be fighters but who can’t win suburbanites and independents, the party will be taking a gamble on living in Adam Schiff’s America.

https://www.wsj.com/articles/adam-schiff-california-senate-race-filibuster-supreme-court-seats-3d74d2b6

Even Democratic voters can’t get Nikki Haley elected

 The worst part about all of this for Democrats today is that if they had just let Donald Trump serve his second term in the White House starting Jan. 20, 2021, their whole big nightmare would be drawing to a merciful close this year.

It’s like the country song says: If I had shot her when I met her, I’d be out of jail by now.

Mr. Trump would now be a lame-duck president in a worn-out White House, and Democrats would be swooning over their superhero Pete Buttigieg, prancing around in a cape, a leotard and a hard hat and promising to fill America’s potholes.

Instead, Democrats must embark on yet another four-year death march against the MAGA king in which they are sure to lose.

The big question going into the caucuses here was whether there is room in the Republican primary cycle for an alternative to Mr. Trump.

There is not.

No matter how the media tries spinning it, Mr. Trump notched a historic victory here this week.

He did not just win Iowa. He won by the largest margin in history of any Republican candidate in a contested caucus.

He broke the 50% threshold, which means all the other contenders combined could not beat Mr. Trump. The margin by which he beat Florida Gov. Ron DeSantis and former South Carolina Gov. Nikki Haley was larger than the total support for either of those doomed candidates.

Vivek Ramaswamy, meanwhile, ran on the Trump agenda and vowed to defend Mr. Trump from the unconstitutional and undemocratic attacks by partisan Democrats to jail Mr. Trump or do whatever they have to do to kick him off the ballot before November’s election. By night’s end, Mr. Ramaswamy had quit the race and endorsed Mr. Trump, and he is now campaigning for him.

If Mr. Ramaswamy had quit earlier in the day, his 8% of the caucus voters surely would have accrued to Mr. Trump, meaning the former president would have been kissing 60%.

Similarly, Mr. DeSantis is also running on Mr. Trump’s America First agenda, though doing a feeble job of it. If he quit the race, at least half of his support would go to Mr. Trump.

Anyway, it is worth noting that Mr. Trump’s agenda collected more than 80% of support in the Iowa Republican caucuses. So, no, there is no room in the Republican primary campaign for an alternative to Mr. Trump, according to this first contest.

One final, crucial detail out of the Iowa caucuses spells certain defeat for Ms. Haley, who spent more money on advertising than any other candidate — only to finish a distant third.

As terribly as she performed in the Iowa caucuses, she did as well as she did only because droves of Democratic voters came out to the caucuses and switched their party registration so that they could vote for her.

This phenomenon is not new. Shrewd voters in early primary states often stage these “chaos” operations by playing in their opposing party’s contests. But here is where it gets interesting.

Whenever voters switch parties to play in the other party’s contest, it’s always to ensure the other party picks the weakest general election candidate. In other words, even Democratic voters realize that Ms. Haley would be the Republican Party’s weakest candidate come November.

Her whack-a-doodle speech in Iowa on Monday night declaring this a “two-person race” after she finished a distant third gives you a glimpse of how politically delusional she is.

Sorry, Ms. Haley, but math does not lie. A former accountant should know that. You spent the most of three to finish last — even with a major assist from Democratic voters.

And Democratic voters will do the same thing in New Hampshire next week. That is how terrified they are of facing Donald Trump in November.

They really should have just let him win in 2020.

https://www.washingtontimes.com/news/2024/jan/18/fearing-maga-king/

Ukraine, Moldova, Slovakia join "Vertical Corridor" European gas transportation scheme

 Ukraine, Moldova and Slovakia on Friday joined an initiative for a planned corridor to carry natural gas between Greece and countries to its north as Europe steps up efforts to diversify supply and boost energy security.

Greece, Bulgaria, Romania and Hungary agreed in 2016 to develop the necessary infrastructure for the realisation of the so-called Vertical Gas Corridor which would allow the bidirectional transmission of gas between the countries.

"The Vertical Corridor will now unite the Trans-Balkan gas pipeline and will allow the transportation of natural gas from Greece to Moldova and underground storage facilities in Ukraine," Moldova's Energy Ministry said.

The gas grid operators of Slovakia, Moldova and Ukraine, along with their Greek, Romanian, Bulgarian and Hungarian counterparts signed a memorandum of understanding on Friday to promote the necessary projects for the activation of the scheme, Greek grid operator DESFA said in a statement.

"Thanks to the participation in the Vertical Corridor initiative, we expect to supply over 7 billion cubic metres of gas from Romania to Central Europe a year additionally," Dmytro Lyppa, the head of Ukraine's transit operator, was quoted as saying on the company's website.

Lyppa said Ukraine was currently working with Moldova's gas operator on conditions to use additional capacities on the Trans-Balkan pipeline totalling 6 million cubic metres a day in 2024.

"Working together to strengthen and increase the flexibility of the regional gas systems has emerged as a top priority," DESFA's CEO Maria Rita Galli said in the statement.

The operators agreed to carry out a simultaneous binding market test for capacity allocation in July 2024 at their respective interconnection points.

Greece is preparing to bring into operation a floating gas storage terminal off the northern city of Alexandroupolis, which will allow the regasification of liquefied natural gas arriving by sea to be sent north via pipeline.

The Trans-Balkan pipeline has been used to transport Russian gas to the Balkans via Ukraine, Romania and Moldova but it has been running at low capacity since Gazprom diverted volumes to Turkey through the TurkStream pipeline in 2020. 

https://www.marketscreener.com/news/latest/Ukraine-Moldova-Slovakia-join-Vertical-Corridor-European-gas-transportation-scheme-45777710/

Calcium Levels Quickly Become Critical for Many Denosumab-Treated Women on Dialysis

 Many women on dialysis quickly developed severe hypocalcemia after starting denosumab (Prolia) for osteoporosis, Medicare data showed.

During the first 12 weeks of treatment, 41.1% of women on denosumab developed severe hypocalcemia compared with 2.0% of those taking oral bisphosphonates, reported a group of largely FDA researchers led by Steven Bird, PhD, PharmD, of the agency offices in Silver Spring, Maryland.

This translated to more than a 20-times higher risk for incident severe hypocalcemia with denosumab (weighted risk ratio 20.7, 95% CI 13.2-41.2), according to the retrospective cohort study in JAMAopens in a new tab or window.

Supported by these new findings, the FDA on Friday added a boxed warningopens in a new tab or window over the risk of severe hypocalcemia in patients with advanced chronic kidney disease (CKD) taking denosumab for osteoporosis.

The study revealed a sharp decline in calcium levels within the first week of denosumab administration that continued for up to 10 weeks after.

The same was seen in regards to the 12-week weighted cumulative incidence of very severe hypocalcemia, which occurred in 10.9% of denosumab-treated patients versus only 0.4% of those on oral bisphosphonates (weighted RR 26.4, 95% CI 9.7-449.5).

"Stable serum calcium levels observed in this cohort during the 6 months prior to denosumab administration, coupled with the rapid onset and high incidence of severe hypocalcemia post administration, suggest that this association might be causal," they posited. Because of this, the authors said denosumab should only be administered "after careful patients selection and with plans for frequent monitoring."

"This may be due to a confluence of nephrology practice patterns, inadequate communication between physicians, and lack of guidance on osteoporosis management in patients undergoing dialysis," commented accompanying editorialopens in a new tab or window authors Pascale Khairallah, MD, of Baylor College of Medicine in Houston, and Thomas Nickolas, MD, MS, of Columbia University Irving Medical Center in New York.

These findings also weren't totally unexpected, Khairallah and Nickolas said, as other global studies reported rates of denosumab-related hypocalcemia of up to 42%.

"The lack of guidance on managing osteoporosis in CKD is shared between the nephrology community and drug regulatory agencies," the editorialists argued. "The broad range of anti-fracture medications being used in patients and the emerging postmarketing adverse event data should prompt medical societies, in conjunction with the ... FDA, to produce relevant guidance on management strategies, including restrictions on drug class usage if warranted by drug safety profiles."

The FDA had issued a safety alertopens in a new tab or window back in November 2022 over denosumab's potential hypocalcemia risk in dialysis-dependent women. In that safety alert, the agency referred to interim results from maker Amgen's ongoing safety study of denosumab, which suggested an increased risk of hypocalcemia in patients with advanced kidney disease. That safety study -- required upon denosumab's initial approval -- was conducted in men and postmenopausal women with osteoporosis.

Bird's group looked at Medicare data on women 65 and older who initiated treatment with denosumab 60 mg (n=1,523) or oral bisphosphonates (n=1,281) including alendronate (Fosamax), risedronate (Actonel, Atelvia), or ibandronate (Boniva) from 2013 through 2020. All women were undergoing long-term hemodialysis or peritoneal dialysis and had a diagnosis of osteoporosis or were receiving treatment for low bone mass after therapy with aromatase inhibitors, gonadotropin-releasing hormone agonists, or high-intensity glucocorticoids. Nearly all had osteoporosis and hyperparathyroidism.

The vast majority of these drugs were prescribed by primary care clinicians, followed by endocrinologists and rheumatologists. Less than 3% of scripts were written by nephrologists.

Severe hypocalcemia was defined as total albumin-corrected serum calcium below 7.5 mg/dL (1.88 mmol/L) or a primary hospital or emergency department hypocalcemia diagnosis, while very severe hypocalcemia was considered a serum calcium below 6.5 mg/dL (1.63 mmol/L) or emergent care. Almost all severe hypocalcemia cases were identified based on albumin-corrected serum calcium levels rather than based on emergency department or hospital diagnosis.

Disclosures

The study was funded by the FDA through an interagency agreement with the Centers for Medicare & Medicaid Services.

Bird and co-authors reported employment with the FDA and relationships with Acumen, which is the contractor for this study's interagency funding agreement between the FDA and the Centers for Medicare & Medicaid Services.

Nickolas reported grants from Amgen and scientific advisory board membership for Pharmacosmos.

Khairallah disclosed no relevant relationships with industry.

Primary Source

JAMA

Source Reference: opens in a new tab or windowBird ST, et al "Severe hypocalcemia with denosumab among older female dialysis-dependent patients" JAMA 2024; DOI: 10.1001/jama.2023.28239.

Secondary Source

JAMA

Source Reference: opens in a new tab or windowKhairallah P, Nickolas TL "Managing osteoporosis in dialysis -- a medical Catch-22" JAMA 2024; DOI: 10.1001/jama.2023.24072.

https://www.medpagetoday.com/endocrinology/osteoporosis/108328

Could AI Put Clinical Knowledge at Risk?

 Over-reliance on artificial intelligence (AI) in medicine may lead to a loss of clinical knowledge, a new JAMA viewpoint

opens in a new tab or window argued.

Agnes Fogo, MD, of Vanderbilt University Medical Center in Nashville, Tennessee, and colleagues used an example from kidney pathology, noting that pathologists "around the world are annotating tissue specimens to feed the algorithms." Up to 100,000 annotations "are needed before an algorithm can recognize basic subunits such as a glomerulus," they wrote.

"Following this enormous effort, the algorithm will do its job in an instant," they wrote, noting that pathologists in the future will get not only a pathology slide, but also data on the number of glomeruli and the area of interstitial fibrosis. "With this information readily at hand, the pathologist would only have to focus on the more complex lesions to generate a diagnosis," they added.

The downside, however, is that "if pathologists are no longer required to evaluate the basic histology elements themselves, the skill to do so will gradually be lost."

"[By] moving the basic elements from the kidney biopsy literally out of the pathologist's view, these will receive less and less attention in the day-to-day practice of clinical pathology and, thereby, the real intelligence of the basic architecture of the kidney will diminish," they wrote.

Also, if AI models are used to streamline or innovate in medicine, the capacity to understand and solve problems without the help of AI could be lost, they wrote. This problem becomes more pronounced, the authors noted, if AI begins to advance medical understanding.

For instance, a study published in Scientific Reportsopens in a new tab or window showed that unsupervised AI models were able to identify tissue areas that had not previously been named in traditional kidney pathology, the researchers noted. Yet very little effort was made to understand those newly identified tissue areas.

"It can only be hoped that humans will be able to catch up with the newly defined constructs as long as the knowledge of real histology is still there," they wrote. "We should realize that if this is allowed to move on, the near future will be characterized by rapidly decreasing knowledge about the pathogenesis underlying disease development."

Not being able to understand how an AI came to its conclusions is known as "black box computingopens in a new tab or window." Fogo and colleagues noted that if medicine gets to "a stage where output is defined in the black box that is fed by input, and this black box contains constructs that are no longer consistent with previously defined entities, most of today's knowledge on disease mechanisms will be forgotten, and we will be ruled by systems that only focus on intervention strategies that will provide the best possible outcome."

Concerns over the negative effects of AIopens in a new tab or window in healthcare have centered around the technology's reliabilityopens in a new tab or window, potential to exacerbate medical bias,opens in a new tab or window or even threaten the future of human existenceopens in a new tab or window. Still, researchers have also shown that AI models contain great potential as support tools in clinical decision makingopens in a new tab or window as well.

Fogo and colleagues concluded that "physicians should contemplate how to take advantage of the potential benefits from AI in medicine without losing control over their profession."

"Physicians should recognize that keeping AI within boundaries is essential for the survival of their profession and for meaningful progress in diagnosis and understanding of disease mechanisms," they wrote.

Disclosures

Fogo had no disclosures. Co-authors reported relationships with CSL Vifor, Otsuka Pharmaceutical, Walden Biosciences, Delta4, GSK, AstraZeneca, Boehringer Ingelheim, Aurinia, Hansa, Vera Therapeutics, and Toleranzia.

Primary Source

JAMA

Source Reference: opens in a new tab or windowFogo AB, et al "AI's threat to the medical profession" JAMA 2024; DOI:10.1001/jama.2024.0018.


https://www.medpagetoday.com/practicemanagement/informationtechnology/108336

Indian Youth Bulge And Demand For Gold

 Via SchiffGold.com,

When a country starts to develop economically, a few things tend to happen:

  • the death rate falls,

  • workers become more productive,

  • consumers consume more,

  • and birth rates normally fall.

During this period, countries experiencing such changes have a relatively small number of retirees and a small share of the population composed of children. 

This means that a large share of the population is economically productive, working either formally or informally.

This phenomenon is known as the demographic dividend. In contrast to the rapidly aging populations of East Asia, North America, Europe, and parts of Latin America, India boasts a large and comparatively young population.

In just over a decade, about a quarter of a billion Indians are expected to reach adulthood and join the workforce, a development economists expect to be beneficial for Indian economic growth.

But this could also be remarkably good news for gold investors.

Why?

India is already the world’s largest democracy and is second only to China in gold consumption, with 849 metric tons against China’s 984 metric tons, respectively.

India is almost certain to surpass China in gold consumption due to its growing population and economic growth.

The United States sits third in total gold consumption at only 193 metric tons per year. What’s interesting is that the US GDP is roughly $25.5 trillion, compared to India’s GDP of $3.4 trillion. Despite having an economy less than one-seventh the size of the US, India consumes over four times as much gold. Per dollar of economic production, Indians choose to consume and invest far more of their wealth in gold than Americans do. Projecting this preference forward, as the Indian economy is poised to surge, suggests that Indian population and economic growth will increasingly determine and support gold prices. While some of the demand for gold will come from Indian consumers and businesses, some may also come from the Reserve Bank of India, which increased its gold reserves towards the end of 2023.

Another reason India’s economic ascent will impact gold is the role that gold plays within Indian culture. CBS News describes how central gold is to Indian celebrations and weddings, noting it as a “symbol of purity that also shows the couple’s wealth and well-being.” Gold is given as a wedding gift, worn by the bride, and, before dowries were banned in India, was often part of a dowry. With hundreds of millions of Indians coming of age in the coming years, a significant number of increasingly affluent Indian couples are set to wed, with gold likely playing a big part in those celebrations.

While India is not yet the largest overall consumer of gold, it has already established itself as the largest consumer of gold for jewelry. Its lead in this area is likely to expand as India becomes increasingly prosperous. However, looking solely at the economic growth of the nation may understate the impending impact of Indian prosperity on gold. Two other factors in which Indian development can drive demand for gold are through the Indian diaspora and Indian cultural influence.

The Indian diaspora, comprising tens of millions of people, can be found around the world. In many countries, including the United States, the Indian diaspora tends to have substantially higher incomes than the average. The cultural traditions and investing preferences of Indians, including those outside of India, drive significant economic activity. As this population grows, its impact in various economic areas, including the price of gold, will only become more significant.

Less directly, but not necessarily less importantly, is the cultural influence of India. While this influence is already evident from Bollywood to the popularity of Indian cuisine and yoga, the growing prominence of India is likely to shape global culture. Just as the United States and the West exported certain wedding traditions like the white veil and dress worldwide, Indian weddings and their embrace of gold may similarly influence other cultures.

Likewise, the prudent choice to invest in gold as a store of value, a practice shared by many around the world including many Indians, may also gain popularity due to Indian cultural influence.

https://www.zerohedge.com/personal-finance/indian-youth-bulge-and-demand-gold