2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  3. alor

    alor Well-Known Member Silver Stacker

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    Japan has stockpile of plutonium from their nuclear reactors.. how much is kept is a secret... to make dirty bombs
     
  4. alor

    alor Well-Known Member Silver Stacker

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    Nord Stream 2 forced to lay off staff, may file for bankruptcy
    Over 140 employees lost their jobs after Germany stopped pipeline certification indefinitely
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Time for Germany to bite the bullet. The Europeans had it too good. Time for a bit of suffering before it's too late. :D
     
    Last edited: Mar 1, 2022
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Ive always heard the biggest national sport in Europe is drinking. Sounds like a big party over there and i wasnt invited!
     
  7. alor

    alor Well-Known Member Silver Stacker

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    https://www.bullionstar.com/blogs/r...tern-sanctions-show-up-russian-gold-refiners/

    LBMA, LPPM, Platinum and Palladium
    Note too that the LBMA also administers the London Platinum and Palladium Market (LPPM), and there are two Russian refineries on both the current LPPM Good Delivery List for Platinum and the LPPM Good Delivery List for Palladium, namely “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” and the “Prioksky Plant of Non-Ferrous Metals” (a.k.a. Krastsvetmet and Prioksky).

    The CME Group which runs COMEX should also take notice, since after the CME mass approved 267 LBMA Gold and Silver refineries in August 2020 and added them to its COMEX accepted refiner list, the bars of every Russian precious metal refiner mentioned in this article are now approved for trading on COMEX. See “LBMA-COMEX collusion intensifies as CME approves 267 LBMA gold and silver bar brands" for details.

    Conclusion
    Events are running rapidly, and the coming week will be crucial to see how Russia and the Bank of Russia reacts to the SWIFT exclusions, and how the Bank of Russia will leverage its monetary gold reserves. Will Russia now accept gold for oil. What role will China play in all of this? Is the demise of the US dollar as world reserve currency at hand? Is the demise of the London fractional reserve paper trading gold system at hand?

    In light of all of these new US – EU – UK sanctions against Russian banks, Russian state owned and strategic private Russian companies, and Russian oligarchs, I would say the LBMA has a major headache on its hands in the coming week as regards the LBMA Russian refineries.

    But don’t worry, because, according to Reuters in May 2018, LBMA CEO Ruth Crowell said that “due diligence in regard to the credibility of the lists is continuously reviewed on an ongoing basis”.

    Why did the LBMA issue an empty statement on 24 February titled “Sanctions: Timely Reminder” which didn’t even mention the word Russia, didn’t mention that VTB and Otkritie are no longer LBMA members, and didn’t mention any of the 6 LBMA Russian Good Delivery refiners? Because I looked up all of that information about these Russian refineries in less than an hour and matched it against the US – UK – EU sanctions, and if I can do that, so can the LBMA. But perhaps the LBMA is too busy organising conferences.
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Last edited: Mar 1, 2022
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    "Cancel culture" has eroded the traditional values and there's a strong deviant decadence being felt everywhere.
    The world feels more rotten than 20 years ago and I keep hearing the same thing from older generations.

    There is moral code and ethics in the western system - at least, there used to be.
    Just that nowadays politics is more disgusting than ever, movies are dumber and more violent than ever, people have a brainwashed "social media" behavior, the press has turned into a series of blogs, music is so commercial, insults are more cutting than ever before,... "anything goes". And this is very worrying.

    That's not to say we should be pure Zen monks or catholic clerics... but still...
     
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  10. TreasureHunter

    TreasureHunter Well-Known Member

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    You are right :D I can already see more Ruskies signing up for the army in order to surrender in Ukraine for a bunch of money.

    5 million Roubles is 43 k USD. Is that correct?

    That's 1 Bitcoin per Rusky. Not little.

    I think Satoshi Nakamoto is either Ukrainian or works for the CIA. And has just started to give away his coins.

    So, it's not worth for the Ukrainians to defend their country, because they are not paid for it :D The Russians are getting paid for surrendering :D
     
  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    My values aren't being eroded, though I've had to adapt to changes I have no power over eg welcome to country rituals. But then I left conservatism behind some 40 years ago. Plenty of my mates were just as deviant then as some are today. Though I've never been a fan of relying on anecdotal evidence so it could all be just a part of my imagination.

    And it's not just the right that yearn for the old ways, some on the left also, Neil Postman comes to mind. Luddites.

    Boomers that are incapable of moving with the times. There's a whole social media platform dedicated to old white people whining about what's happening with the world. Do an online search for Facebook. ;)
     
  12. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    CXO just signed a binding agreement with Tesla.

    I am not invested it in but Lithium sector with few years outlook is great
     
  13. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    adze67 and mmm....shiney! like this.
  14. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    For those appreciating dark humour...

    FMxV_MSWUAw-oyW.jpeg
     
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  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    This is the exactly what a post-American world police multipolar world looks like, major economic powers will be armed to the teeth. Japan next. :D

    Germany and Japan will fill in the power vacuum.
     
  16. heartastack

    heartastack Well-Known Member Silver Stacker

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    This sounds better than *insert leader/dictator name here* filling power vacuums. The decentralisation of power should be celebrated. And a country that fulfils a power vacuum on the merit of their economy quite frankly deserves it. We might not be perfect yet (the EU is a good example of pseudo-decentralised but not yet democratised power).
     
  17. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    https://bariweiss.substack.com/p/the-wests-green-delusions-empowered

    "
    Putin knows that Europe produces 3.6 million barrels of oil a day but uses 15 million barrels of oil a day. Putin knows that Europe produces 230 billion cubic meters of natural gas a year but uses 560 billion cubic meters. He knows that Europe uses 950 million tons of coal a year but produces half that.

    The former KGB agent knows Russia produces 11 million barrels of oil per day but only uses 3.4 million. He knows Russia now produces over 700 billion cubic meters of gas a year but only uses around 400 billion. Russia mines 800 million tons of coal each year but uses 300.

    That’s how Russia ends up supplying about 20 percent of Europe’s oil, 40 percent of its gas, and 20 percent of its coal.

    The math is simple. A child could do it.

    The reason Europe didn’t have a muscular deterrent threat to prevent Russian aggression—and in fact prevented the U.S. from getting allies to do more—is that it needs Putin’s oil and gas.
    "
    --
    Russian companies, such as Gazprom, have been paying European environmental NGOs to lobby politicians to abandon nuclear power. There's evidence this has happened at least in Belgium, probably in other EU countries as well. E.g., Greenpeace is selling Russian gas under "Green Planet Energy" in Germany.

    https://twitter.com/ziontree/status/1497998920739274757

    Screen Shot 2022-03-02 at 2.32.47 pm.png
     
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  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    From the article:

    The US is not bankrupt and can never be bankrupt as it can always pay its debts.
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    This is true, but if someone threatens to kill you, do you still think about buying from him? Never continue an abusive relationship, break it, whatever the cost. This is true on the personal level and also true on a country level. :D
     
  20. alor

    alor Well-Known Member Silver Stacker

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    Hudson remarked how he is “simply numbed over the near-atomic escalation of the US.” On the confiscation of Russian foreign reserves and cut-off from SWIFT, the main point is “it will take some time for Russia to put in a new system, with China. The result will end dollarization for good, as countries threatened with ‘democracy’ or displaying diplomatic independence will be afraid to use US banks.”
    https://www.zerohedge.com/geopoliti...w-russia-will-bypass-western-economic-warfare
     

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