Your hideous data "picture" is the source treasury.gov I gave you in my post #3 in the topic. http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/ticarchives.aspx Billion USD Every .zip has the mfh.txt file of that time. In 2007 Russia's USD reserves must have been lower than 12.8 since the file shows a top 25 and Russia is not listed separately. Jan 2007 < 12.8 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20070315.zip Jan 2008 35.2 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20080317.zip Jan 2009 119.6 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20090316.zip Jan 2010 124.2 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20100315.zip Jan 2011 139.3 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20110315.zip Jan 2012 142.5 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20120315.zip Jan 2013 164.4 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20130315.zip Jan 2014 131.8 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20140318.zip Mar 2014 100.4 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/ticrel_20140515.zip Oct 2014 108.9 http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt What does this show? That Russia, despite all the blahblah about dumping US dollars, still had 108.9 billion end october this year. 6 years ago they already had that amount. 2014 started with 131.8. It was end Oct 2014 a mere 22.9 billion lower, and at least 96.1 billion higher than it was in 2007. If you drink a beer, do you name your glass empty when it's still 80% full? Russia is not dumping US dollars, the US dollar as reserve currency. It was end october 2014 even higher than end march 2014. You don't need good luck, you need good glasses, or less silverdoctors/zerohedge page views, "son".
Russia used rubles to buy US dollar reserves. Russia uses US dollar reserves to buy rubles. I see something logical. Keeping swapping to the same isn't logical. One can't keep buying in without selling back. One can't keep selling without buying back in. Maybe let's recap from the basics. What are reserves? It's money that is parked by commercial banks at the central bank. It's reserve beyond required reserve. It's money that the central bank has to choice to destroy. It's money that isn't circulating. It's money in a "sterile" environment, that can be "sterilized" upon monetary policy making. What does this mean for this topic? That any rise, and any drop, in these reserves is nearly meaningless for the real economy. The sole connection to the real economy, is an intrest rate on it, that the central bank receives or pays. By setting this rate, it controls the amount. That's why it's there in the first place. If the central bank makes sure that the over-time average is around zero, then even that intrest rate is meaningless for the real economy. Why do these reserves exist at all? Well, simply to control the money supply along a separate intrest rate, one that isn't connected to bank savings, wage adjustments, indexes, and so on. In other words: the central bank can sponsor commercial banks (and indirectly whoever) without having to (indirectly) pay others extra too, alike the case is in the "normal" non-crisis policy.
Not sure that's the classical way of looking at the function of foreign reserves; settling international balance of trade deficits is more traditional, rather than controlling the money supply, but I guess you could do both with interest rate adjustments.
There is also a difference between foreign reserves and currency (capital) reserves - central bank assets and deposits. It may be the latter you are referring to.
hehehehe that's not hidden... that was erased.....I erased it.... yes..... but, where is the crucial data ? you only found that website? No point posting like a lunatic 7 -8 links.. same links to "proof your point" like you do in every post all over SS....the same link that was already provided by a snapshot......so what did you achieve? you used the data provided and blown it to more links ? for what purpose exactly? for this particular thread, this not the data.......I've got you..... you only look for hints or data from others and try arguing like a attention seeker... Come on.... find the other data.... other website(s) that have the data..... Mr. DATA know at all.... get the 33.86 petaFLOPS and run plenty of queries..... Have fun matey... :lol: enjoy the New Year.... get some fresh air.... maybe it will help you..... :lol: CYA
Authors of the these stories from SilverDoctors and others know that very few people will check the data, but they also understand very well that if anyone were to use actual data to refute them or to raise a dissenting voice against their agenda, the vocal members of the Internet Precious Metals community would be relentless in attacking the dissenter, spewing out insults and claiming that the official data can't be trusted anyway. Silver shills and peddlers of economic doomsday fantasies don't need to defend themselves. Their loyal following of useful idiots do it for them. It doesn't help that they are encouraged by the growing online disdain and political attacks against rigorous intellectual honesty (of course, attacks against "intellectualism" are nothing new, but most people forget history and thereby are blind to the forces that sway the herd).
The magic of propaganda is that it can make people fight over such things, and even find someone easily identifiable to blame for the empty glass (that is actually 80% full).
The sad thing is that the SNAP SHOT provided and modified by me via snipping tool is no fantasy/propaganda.... it was a teaser for the so call super expert to bite it and see if he would bring the next level data and news as a participant of the thread.... But, unfortunately it did not eventuated.... the smartie pants just went to the link ALREADY PROVIDED, copy and paste it and made it up as if he was the one providing the data.... sad.... I'm still waiting on the data.... let's see if he is really a marvelous and professor type as he makes himself pass as...... and yes, SilverPete... it's sad that is fighting over stupidity.... and you will always see the same individuals fighting at different subjects and sites..... NOTE: Another very interesting fact is that my link(picture) has been deleted from the thread now by "someone" hehehehee So any newbie looking at this thread would never ever understand where I'm coming from..... Oh well.. it's only a thread.... I'm off for New Year's preparation.... CYA
Controlling the supplies of currencies -is- "balancing" currencies and economies and trade differences (deficit or surplus). If people in country A do the(ir specialist) job better than in country B, produce more in A, export more to B, then it would punish the people in country B that do the(ir specialist) job worser. "Balancing" is nothing but moving away the extra purchasing power from those that produced and thus earnt it towards those that did not. Which is a general characteristic of governments as such. Money is a means to power. Power is a means to get other peoples products for nothing in return. It's not about a 'way' to look at it. It's about giving it all a place in a bigger picture, to then judge things from that perspective. In a free market foreign trading gets balanced by people that improve their doing of the job to the level of the other side. If they don't, then the trade inbalance remains, and their welfare level stays lower than the other side. It's possible that they are ok with it. In the end, the work pressure / amount profit / amount free time is a personal choice. The central planning thieves however try to shift the profit and the free time, towards their pockets. Their enemies are the people that try to avoid the theft (speculators) and the means to make them fail doing so, is by "harmonizing" everything between the countries, including trade.
You're waiting on "the data"? My first post (#3 on 22/12) in this topic already referenced the source I have it from. How does one know that a claim is false: by having data at hand that shows it's false. Then, on 30/12, you show.... a picture of a part of this data, saying that it proves your claim. I showed what you left out. That made your claim 80% wrong on the 5 years time span (hence my analogy with the glass beer). And that was even second, want your prime wrong thing is that you used (just like TreasureHunter in other topics) Russias central bank forex data as like they only represent US dollars. As if they had no euro's (and yen). They could have dumped 100b euro's instead, and the dollar EQUIVALENT total would be just the same. And very likely, they DID dump euro's more than dollars. The dollar sits now on multiyear highs, the euro on multiyear lows, what do you think drives up a currency, selling it more, or buying it more? And here you still say that you're waiting on data from me to prove it. Well, I can copypaste it as much times as you blindfolded yourself for it: You say here now: "NOTE: Another very interesting fact is that my link(picture) has been deleted from the thread now by "someone" hehehehee" Wel mister hehehehee, in case, uploaded from my browsers cache, but clickable thumb to fullres: [imgz=http://forums.silverstackers.com/uploads/1798_4q4ps0.jpg][/imgz] Same source as me, only the part of reality that you selected as to predraw your misleading topic title. So your "any newbie looking at this thread would never ever understand where I'm coming from....." can still....
1) Why moving on to next news if the old news is wrong? That's what misleaders do: spamming new threads with false titles and scroll existing topics with refutes of the claims away. 2) Nobody called me "super expert". Not even "expert". Just stick to reality instead of fantasy / sarcasm. What is an "expert" anyway? All the data is use, is freely available, and published on major sites like finviz, silverinstitute, central banks, cftc and so on. If many use it, it can't be that hard to understand. All what I learnt in recent years about certain markets is also drawn from those sites, as they provide help pages and pdfs/docs to download. Sometimes I email a question if I don't understand something specific, and nearly always I get an answer, and in some cases even data files that they did not show on their site. I also visit second hand shops regularly, and occasionally I find books dedicated to the subjects that came to interest after moving away from bank saving to silver saving (I'd better read them before). Books that cost just a couple euro's, original prices sometimes still on them, as 30-40 euro. So what is it then? I do some effort to learn. To search for things. To understand things. Compared to many others, it's all just peanuts. I have a real job, completely unrelated. I do this 'aside'. Alike some watch the Simpsons and their soap every day, I do this. There are others out there, state, bank and other people, for who this is their fulltime job. They purchase software and data, to watch peoples behaviour fulltime, in order to frontrun them. I'm just a sissy compared to those. For ex, if I look at the futures markets data, and watch their position evolution as to find a price/moment to buy, then I'm AFTER them. I see what they do after they've done it, and with a week lag due to the week resolution of the ctfc's report. Still, it's better than nothing, and in fact, they did the data collecting and judging work before me, and the publishing of it allows me to take a late advantage of it. Aside of that, silver institute / WGC and thomson reuters supply/demand figures allow a degree of fundamental analysis, which allows longer terms judgements. In a degree, because it's geek how they revise data upto like 5 years later, in degrees upto 20%. Now, some others do something completely else. They just visit some pm related sites/forums, and blindly take anything there for true. They even consider some authors there as authorities on the subjects, while these are in fact constructing false stories on purpose, using their knowledge to mislead instead of to educate. Just google on some terms that they typically use. You find a myriad of articles on dealer sites, all written the same way, all copycats of the articles of the central club. Source: zerohedge. Visit zerohedge.com, source: "Name of Institution Here". Colored / tagged alike it's a link, and some (alot?) there assume it's official and zerohedge just quoting it. But it's not a link, and when you finally track down the original article from which they constructed their version from, you discover their scam. So, if you aren't a misleader, dig your super expert sarcasm, and instead see my posts as a trigger to be more reluctant to take what is there for true.
God you still talking here ? Ok... First of all, good manners... Happy 2015 ! I really hope you are not alone, I hope you happiness in your life... and lot's of good things in 2015. I'm still waiting for the data.... it's out there...... you can find from 3 sources..... obviously you don't have it or can't find it......i think you will only keep on talking and "masking" ......perceptions.....illusive...BS in common street talk. I decided to ignore you from now on.... it's a shame... but, it's a waste of time and does not take anyone anywhere.... Have you read all the threads you participate? You only fight, copy , paste and make a fool of yourself. At the beginning I really thought you were interesting and thought we could exchange knowledge, sources and have an enjoyable chat.... but, you are always angry(INSIDE).... there is a lot of LOVE and HELP out there mate.... you just need to look for it. I hope your kids, family, partner and friends bring you joy and make you more soft and mellow..... Look after yourself..... note: if you find the data post it in a new thread regarding China selling UST's........ Over and Out.... CONGRATULATIONS! YOU JUST WON THE IGNORE BUTTON for 2015 ! Have a good life !
Try to address the subject, not the person. Try to check if things are true, before posting them to others. You won nothing, but a recognition as a misleader. That's a positive thing, for readers. This is the data, for a third time, since you just pretend it's not there, not for you anymore, but for others to recognize: And Russia wasn't (and still isn't) alone in its accumulation of USD Treasuries. Treasury.gov sums it up as "Grand Total". Same files as above. (billion USD) Dec 1999 1244.9 Dec 2001 1042.0 Aug 2002 1101.6 Jan 2003 1240.4 Jan 2004 1576.7 Jan 2005 1960.3 Jan 2006 2187.6 Jan 2007 2239.7 Jan 2008 2402.5 Jan 2009 3072.2 Jan 2010 3706.1 Jan 2011 4453.4 Jan 2012 5048.0 Jan 2013 5643.0 Jan 2014 5841.3 Oct 2014 6058.9 The same applies to that story that the Russian Central bank would have sold X billion US dollars from its Forex reserves. As source they use a banks website page that shows timestamps and forex totals. But those totals are what is named "Dollar Equivalent totals". Being that they convert all currencies (except the USD itself ofc) to USD first. Simply because one can't sum up two different currencies if their exchange rates are not 1:1. Russia Forex reserves had in a past (2009) a 45% USD 45% Euro and 10% Yen distribution. So a change in the Dollar Equivalent total says nothing about which currencies they sold. Yet, it is used as "proof". Harvey Organ is a misleader. All he tries is to sell bullion regardless price. At the tripled price of today he told readers the same stories he tells them now. He tries to mislead readers along selection of data, and false (comex and others) explanations, to make them "Buy Now". Just like the rest of the club that resides under the names "ZeroHedge" and "SilverDoctors". On the page you link they show a silver bar with "Den of Thieves" on it and a pic of the building they address with it. They could have as well put a picture of their websites frontpage or bullion stores entrance on it. You're just part of them, and that's why you spread their stories. GOOD LUCK WITH YOUR IGNORE BUTTON, HARVEY.
I use arguments instead of ignore buttons. And those despite the presence of words have nothing to say serve for funniness.
They are shopping their dollars away. Just as I thought. One thing it weird... Russia's overall forex reserves have dropped by about 100 billion USD in 2014: http://cbr.ru/eng/hd_base/default.aspx?Prtid=mrrf_m But I see they actually bought more US treasurys: http://www.treasury.gov/ticdata/Publish/mfh.txt How's that? I think the treasurys don't count as "reserves"...
Isn't he the guy who predicted gold to go ballistic and silver to 200 $ in December 2014? He said everything will collapse and yada-yada-yada... Well, it didn't happen... :lol:
They do. Enter www.google.com in your browser. Search for: treasuries "foreign reserves" First item in the results: http://origin.www.uscc.gov/sites/default/files/Research/USCC%20Economic%20Issue%20Brief_China's%20FX%20Reserves%20and%20Treasury%20Holdings.pdf The total value of forex reserves is a USD equivalent. They convert other items to USD, to then make a sum. Forex reserves consist of a variety financial items from a variety of countries. That $1.3 trillion as of December 2013 is in line with: http://www.treasury.gov/ticdata/Publish/mfh.txt MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) China, Mainland Dec 2013 1270.1 Shouldn't you know by now that Pirocco checks stuff? And crosschecks stuff? Why then the continued doubt? I gave the sources I used. I can provide a link for every single statement - sentence that I place. But at some point it becomes ridiculous, and some people then experience it as arrogance. So I don't, and assume people can, and are willing to, check some stuff themselves. Google isn't hard, and it doesn't need digging through 5000 results. The only Google "trick" needed is good keywords, and quotes sometimes limit results way better to what you're after. So what is it now? Believe Pirocco? Believe Zerohedge? The latters sources being cited as a homepage / organisation name, text blue tagged alike a link, yet not clickable / no link? Only the blue tagged links to other articles on their own site they make clickable and real!
I have no problem with people that say that everything will collapse and yada yada, as long as they think it. But I've noticed that some out there say it to make others believe it, but themselves they don't believe it, they only say it because their selling high needs a sucker that buys high, and concerns / panic along misleading is a means to that. In my opinion, Harvey Organ is a misleader. Why I think so: because he's saying these and other things since quite awhile, and he does know specific data sources, only that he's 1) very selective 2) interpretes data in such "haunted for" ways that it's not believable anymore as an error. If a dog can learn to sit then Harvey Organ should have corrected his thoughts some thousands of his articles ago. In my opinion, he's part of the propagandamachine that Zerohedge and SilverDoctors is. Misleading propaganda to start and end the day with. A continuous stream of "news" constructed along selecting items, time cheating (throwing things from different times together or mix them) and selecting/wiping parts downto words from articles, as to spin the story in the way they want to see believed. All done by some team that apparently has a fulltime job with it. Something to ponder about.
