I hear the G1 is meeting in Russia.
VRS said:Court Jester said:Still waiting................
In case you hadn't heard, as of yesterday morning according to Angela Merkel, RU is no longer a member of G8![]()
VRS said:Standard & Poors, Moody's & Fitch reduce economic rating for RU from 'stable' to 'negative'
http://au.finance.yahoo.com/news/russian-bank-customers-barred-visa-062807753.html
http://www.wjla.com/articles/2014/0...stocks-bank-cards-credit-rankings-101381.html
"President Putin on Friday ordered the country's central bank to help clients of Rossiya. He denied having an account there but ordered the Central Bank to "take the bank's clients under protection and provide all possible assistance to them."
Describing Rossiya, which was rumored to serve nearly everyone in Putin's close entourage, as "just an average bank," Putin said he had never had an account there, but promised to open one "first thing on Monday" and asked his salary to be transferred there." :lol:
As I'd suggested previously: http://finance.fortune.cnn.com/2014/03/21/what-u-s-sanctions-against-russia-will-really-do/
"Sanctions don't inflict pain overnight. A sanctioned country, and especially one with significant financial reserves like Russia, can deflect economic coercion for a time. The UN Security Council imposed its first sanctions on Iran for its nuclear program in 2006.
Seven years passed before Tehran began to bargain seriously. It will still take months if not years for Moscow to feel the consequences of its actions.
Further complicating matters is the fact that Moscow is likely willing to pay a significant price for righting what it insists is a historical wrong.
So even if President Obama masters all four of these tasks he will not satisfy critics looking for quick results on Crimea. But over time sanctions could exact a significant economic toll on Russia, just as they have on Iran.
And once imposed, Russia will discover it is stuck with them. It will be politically difficult for Washington and its allies to roll them back - even if they want to."
Court Jester said:VRS said:Standard & Poors, Moody's & Fitch reduce economic rating for RU from 'stable' to 'negative'
http://au.finance.yahoo.com/news/russian-bank-customers-barred-visa-062807753.html
http://www.wjla.com/articles/2014/0...stocks-bank-cards-credit-rankings-101381.html
"President Putin on Friday ordered the country's central bank to help clients of Rossiya. He denied having an account there but ordered the Central Bank to "take the bank's clients under protection and provide all possible assistance to them."
Describing Rossiya, which was rumored to serve nearly everyone in Putin's close entourage, as "just an average bank," Putin said he had never had an account there, but promised to open one "first thing on Monday" and asked his salary to be transferred there." :lol:
As I'd suggested previously: http://finance.fortune.cnn.com/2014/03/21/what-u-s-sanctions-against-russia-will-really-do/
"Sanctions don't inflict pain overnight. A sanctioned country, and especially one with significant financial reserves like Russia, can deflect economic coercion for a time. The UN Security Council imposed its first sanctions on Iran for its nuclear program in 2006.
Seven years passed before Tehran began to bargain seriously. It will still take months if not years for Moscow to feel the consequences of its actions.
Further complicating matters is the fact that Moscow is likely willing to pay a significant price for righting what it insists is a historical wrong.
So even if President Obama masters all four of these tasks he will not satisfy critics looking for quick results on Crimea. But over time sanctions could exact a significant economic toll on Russia, just as they have on Iran.
And once imposed, Russia will discover it is stuck with them. It will be politically difficult for Washington and its allies to roll them back - even if they want to."
again more BS
There have been no sactions against RU companies they wont.
Watch Russia will sell its goods and partner up with China, they dont need the USA, even the Indians ( who are a major buyer of Russian arms ) are backing the Ruskies.
I hope they do and the US dollar collapse, and the USA economy collapses and they become a backwater has been.
that would be 2nd only on my wish list to seeing the Russians turn the whole US into an ash cloud/.
Goldrush said:Court Jester said:VRS said:Standard & Poors, Moody's & Fitch reduce economic rating for RU from 'stable' to 'negative'
http://au.finance.yahoo.com/news/russian-bank-customers-barred-visa-062807753.html
http://www.wjla.com/articles/2014/0...stocks-bank-cards-credit-rankings-101381.html
"President Putin on Friday ordered the country's central bank to help clients of Rossiya. He denied having an account there but ordered the Central Bank to "take the bank's clients under protection and provide all possible assistance to them."
Describing Rossiya, which was rumored to serve nearly everyone in Putin's close entourage, as "just an average bank," Putin said he had never had an account there, but promised to open one "first thing on Monday" and asked his salary to be transferred there." :lol:
As I'd suggested previously: http://finance.fortune.cnn.com/2014/03/21/what-u-s-sanctions-against-russia-will-really-do/
"Sanctions don't inflict pain overnight. A sanctioned country, and especially one with significant financial reserves like Russia, can deflect economic coercion for a time. The UN Security Council imposed its first sanctions on Iran for its nuclear program in 2006.
Seven years passed before Tehran began to bargain seriously. It will still take months if not years for Moscow to feel the consequences of its actions.
Further complicating matters is the fact that Moscow is likely willing to pay a significant price for righting what it insists is a historical wrong.
So even if President Obama masters all four of these tasks he will not satisfy critics looking for quick results on Crimea. But over time sanctions could exact a significant economic toll on Russia, just as they have on Iran.
And once imposed, Russia will discover it is stuck with them. It will be politically difficult for Washington and its allies to roll them back - even if they want to."
again more BS
There have been no sactions against RU companies they wont.
Watch Russia will sell its goods and partner up with China, they dont need the USA, even the Indians ( who are a major buyer of Russian arms ) are backing the Ruskies.
I hope they do and the US dollar collapse, and the USA economy collapses and they become a backwater has been.
that would be 2nd only on my wish list to seeing the Russians turn the whole US into an ash cloud/.
^^^ There is no way the USA will be turned into an ash cloud, you do know about MAD don't you?
VRS said:Biggest withdrawal of US Treasuries in one week on record - USD$106Bn - just happened...
Confrontation over Ukraine hots up, resulting in:
RU (and along with China who have an excellent opportunity to cash in a bunch of chips under cover of the UA 'crisis' - smart...) dump US TBills
RU threatens to insist on payments for exports in nothing other than tangible non-US currency - likely gold?
Massive capital flight of foreign investment from RU - German, US & UK money has flown out of RU - and is ramping up - stock market and Rouble dive sharply:
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/03/20140314_EUEOD2.png
(RU stock market graph)
RU is scrambling to get as much of its global assets out of reach of the US SEC and EU/G7 (because they know that sanctions similar to those imposed on Iran in recent years are coming - and fast) - possibly by end next week
(Putin isn't going to back down on Crimea imho - and d'you know what - it serves The West bloody well right for entertaining him and the massively corrupt mafia-driven system of 'New Russia' for so long. Idiots. What did they expect?)
Meanwhile Russian nationalists are whipping-up a frenzy of support for 'hard man' Putin off the back of this at home and wherever they say it's needed - inside UA particularly in the east & south.
FT says 'climate of fear' ahead of Crimea referendum - guns standing over the ballot boxes - and they aren't Ukrainian guns.
RU has in the last couple of days begun to block certain western news sites in addition to news feeds, blogs etc not only to RU but to UA as well - looks like a 'blanket' over online media is the objective, at least internally - restricting info to anyone who wants to monitor what's going on.
There is no military option for US (obviously) so he can only wait & watch as Putin rubber stamps a UA referendum to justify Crimea returning to RU permanently. Then what?
China sitting on the sidelines, won't be drawn in, but the Yuan flexes it's future muscle as primary World reserve currency, and very convenient for them too as talk of the petrodollar diverts to 'hard' assets and possible gold-backed currency in the near term...
No surprise then gold & silver are up eh?
BIG trouble ahead in the next few wks for USD imho...
http://qz.com/188160/and-now-it-looks-like-russia-may-be-messing-with-the-fed/
(T-Bill Dump Graphic)
http://blogs.telegraph.co.uk/financ...s-a-warning-of-acute-stress-across-the-world/
"Russia's central bank is undoubtedly liquidating reserves at a breakneck pace to prevent a collapse of the rouble, as foreign companies scramble to get all their spare cash out of Russian accounts before the G7 guillotine comes down on the Putin clan next week. It is certainly trying to remove its assets beyond the jurisdiction of the US authorities though that will not be easy.
The SEC takes no prisoners. In the end, the world is more frightened of US regulators than it is of Putin's tanks or his polonium. Soft power can trump hard power. One investor told me that clients in Russia are literally loading up cars with computers, machinery, and anything that will fit, and rushing them out of the country for fear that assets will nationalised.
Whatever happens, nobody will forget this in a hurry."
http://www.bloomberg.com/news/2014-...ures-pace-u-s-stock-drop-on-stronger-yen.html
"U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov failed to defuse the standoff over Ukraine in six hours of talks in London, as the Crimea peninsula prepared to vote on joining Russia.
The U.S. and the European Union are threatening sanctions against Russia if it doesn't back down from annexing Crimea. Ukraine's Kiev-based cabinet says Russia has taken over the southern region and is massing troops on its border."
VRS said:Court Jester said:VRS said:Yes, admittedly when you're printing $80Bn of 'free print' fiat per month I guess in that context it is small beans. I still think the next winter will be cold for Mrs Merkel though somehow. Also when you see given the backdrop the amount of physical gold CN are buying no wonder Angela might get edgy - she could only get seven tons out of The Fed in the last 12 mths eh lol?!
I think you are wayyy off the mark with just about everything you have said
Thanks for your considered opinion...
I stand corrected - make that FIVE tons of German gold repatriated, not seven - you should do some research on German MP's requests to test gold held on Germany's behalf to the US btw - which was refused FYI:
http://www.mining.com/the-fed-only-gave-germany-back-5-tonnes-of-gold-in-over-a-year-82989/
http://business.time.com/2014/01/29...en-bernanke-cut-quantitative-easing-stimulus/
(Plus an undisclosed amount to mortgage 'subsidy, interest & servicing existing property debt' of $10-15Bn)
I make that $80-85Bn per month.
Who knows anyway - official figures are designed to be opaque.
A picture's worth a thousand words, isn't it? Yup - everything sure looks rosy:
http://abcnews.go.com/news/t/blogEntry?id=22911349
US Senate's already voted on it, in case you hadn't heard:
http://abcnews.go.com/Politics/t/story/senate-bill-proposes-tough-sanctions-russia-22872651
And of course the G7 don't mind at all what's happening do they?:
http://www.euronews.com/2014/03/12/g7-tells-russia-to-cease-crimea-actions/
See - the EU don't mind either... obviously (!):
http://www.dw.de/eu-and-russia-on-the-brink-of-sanctions-war/a-17496791
And RU isn't going to try to retaliate via their own economic measures?:
http://www.foxnews.com/world/2014/0...ons-over-ukraine-would-hit-us-like-boomerang/
Oh, an and there's the small matter of UA nuclear weapons, and the teensy-weensy matter of START inspections - and ALL other aspects of international military compliance:
http://www.washingtonpost.com/world...1261d0-a6c3-11e3-9cff-b1406de784f0_story.html
Russia wouldn't cut off supply to ANYONE now would they lol?!?:
http://www.examiner.com/article/central-europe-worried-that-russia-will-cut-natural-gas-supply
http://uk.reuters.com/article/2014/03/12/ukraine-crisis-gas-norway-idUKL6N0M93T520140312
And moreover the EU wouldn't be stupid enough to restrict flow of RU gas to Europe now would it?!?! Nah... course not - that's why they've just put the brakes on these 2 pipelines FYI:
http://online.wsj.com/news/articles/SB10001424052702304914904579435402008140372
China's always pragmatic whether you want to talk about the rise of the a Yuan or their own territorial aspirations aren't they? Opportunist and taking the longEST term view possibly of all the potential outcomes:
http://qz.com/183657/chinas-support-for-russias-ukraine-incursion-is-half-hearted-at-best/
The RU also wouldn't dream of shipping MORE troops in now, on top of all of this, having everyone wagging their finger at them would they? Noooooooo... of course not lol!:
http://www.smh.com.au/world/russia-...repeating-invasion-threat-20140314-hviya.html
This is how history is written - and there are some of us whose memories are LONG, not short.
I guess the UA referendum will be totally transparent won't it
Yup - I must be WAYYYYY off the mark.
Russian economy going down almost half a year ...Argentum said:i wasnt sure if this belonged here or JOTD thread
http://www.marketwatch.com/story/im...on-report-2014-04-30?link=MW_home_latest_news
Russia entered recession due to sanctions imposed by EU and US. Which sanctions caused this?