trader10 said:
For an instance..... If the US is shorting oil for economic war against Russia, especially due to their currency status(Reserve Currency), wouldn't it force Russia to exit at a much faster rate of the petrodollar and so buy large amounts of gold?
An economical story is a story that has a tendency to contain more variables.
US economy produces more oil than in the past (due to the same fairly recent technology that brought down the natural gas price)
Are those companies doing this for warfare against Russia?
I would say they do this for an income.
Worlds economy is not that fantastic. Growth is quite lower. Oil demand drops. Crises make certain productions / usages stop. Less activity. Less oil.
Stockpiling.
http://finviz.com/futures_charts.ashx?t=CL&p=w1
Look at the amount crude oil that got hedged during the period 2010-2014. It's represented by the surface between the zero axis and the green colored trendline.
Big stocks. Surpluses. Speculation.
Is this all orchestrated as economical war against Russia?
The current Russia - EU conflict origins from a shot down passengers plane and Russia's attitude towards certain former USSR countries that the EUSSR regime probably thinks of adding them to their EUSSR.
Nevertheless, despite all above, and apparently, Russia's central planning worked in the past, and still works in the present, together with the western central planning.
Both economical sides traded alot with eachother, and still do, without the respective governments hampering it.
Instead, they worked together against speculators, domestic as well as foreign.
The best illustration of that is their foreign reserves, dollar, euro, etc.
This is the evolution of Russia's USD part of its forex reserves, and again the source links for those whose denial seems to be glued on the forehead.
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
US Treasuries, billion US dollar, all BRICS countries including Russia:
Jan 2007
Brazil: 53.7
Russia: 0
India: 15.1
China, Mainland: 353.6
South Africa: 0
Total: 422.4
Jan 2008
Brazil: 141.7
Russia: 35.2
India: 14.6
China, Mainland: 492.6
South Africa: 0
Total: 684.1
Jan 2009
Brazil: 133.5
Russia: 119.6
India: 32.5
China, Mainland: 739.6
South Africa: 0
Total: 1025.2
Jan 2010
Brazil: 169.1
Russia: 124.2
India: 32.7
China, Mainland: 889.0
South Africa: 0
Total: 1215
Jan 2011
Brazil: 197.6
Russia: 139.3
India: 40.6
China, Mainland: 1154.7
South Africa: 0
Total: 1532.2
Jan 2012
Brazil: 229.1
Russia: 142.5
India: 44.1
China, Mainland: 1159.5
South Africa: 12.5
Total: 1587.7
Jan 2013
Brazil: 254.1
Russia: 164.4
India: 58.5
China, Mainland: 1214.2
South Africa: 11.5
Total: 1702.7
Jan 2014
Brazil: 246
Russia: 131.8
India: 68.1
China, Mainland: 1273.5
South Africa: 13.1
Total: 1732.5
Oct 2014 (most recent)
Brazil: 261.7
Russia: 108.9
India: 77.5
China, Mainland: 1252.7
South Africa: 10.3
Total: 1711.1
And to repeat it, because apparently some people like to scroll it away: TreasureHunter 's linked Russian Central Bank data is not just US dollars, but ALL forex reserves (so also Euro and yen and whatever they acquired). The totals listed there are totals as US dollar equivalent. Meaning that if Russia has a 50% Euro part in its forex reserves, that the central bank calculates (along the exchange rate at that moment) the amount dollars they correspond with, as to be able to show a grand total in a single currency.
Yet, TreasureHunter compares these totals as if they actually completely represent US dollars.
Imagine that 1 dollar = 1 euro.
Imagine that Russia had in 2007 100 billion euro's and 100 billion US dollars as forex reserves (200 billion total in dollar equivalent).
Imagine that Russia has now 50 billion euro's and 100 billion US dollars as forex reserves (150 billion total in dollar equivalent).
Based on the total forex reserves figures as expressed in US dollar (equivalents) and the assumption that these are solely US dollars, he could claim that Russia dumped 50 billion US dollars.
While in reality, Russia dumped 50 billion euro's and 0 dollars.
Just a hypothetical example case on why the claim has no ground (read: data).
In order to know if Russia dumped US dollars, the individual dollar / euro / yen / whatever shares of its forex reserves are required.
The treasury.gov site of the US treasury shows that part specifically, and the ECB (Euro central bank) maybe has a similar data page showing how many euro's Russia has in its forex reserves.
Figures that are dollar-equivalent totals are useless to claim anything about a specific currency.
If that wasn't obvious.
