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Putin Advisor Threatens With Dumping US Treasurys, Abandoning Dollar If US Proceeds With Sanctions

Tyler Durden's picture




 

While the comments by Russian presidential advisor, Sergei Glazyev, came before Putin's detente press conference early this morning, they did flash a red light of warning as to what Russian response may be should the west indeed proceed with "crippling" sanctions as Kerry is demanding.  As RIA reports, his advice is that "authorities should dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine." Glazyev said the United States would be the first to suffer in the event of any sanctions regime. “The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia,” Glazyev said. “Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don’t depend on them in any way.

From RIA:

"We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”

...

 

US Secretary of State John Kerry on Saturday warned that Russian military interventions in Ukraine, which have been justified by the Kremlin as protection for residents in heavily ethnic Russian-populated regions, could result in “serious repercussions” for Moscow.

"Unless immediate and concrete steps are taken by Russia to deescalate tensions, the effect on US-Russian relations and on Russia's international standing will be profound," Kerry said.

 

Kerry mentioned economic sanctions, visa bans and asset freezes as possible measures.

 

Former deputy energy minister and lively government critic Vladimir Milov slammed Glazyev’s remarks, saying they would put further downward pressure on the ruble, which was pushed down Monday to a record low of 36.5 against the dollar amid fears about the possible outbreak of war.

 

“That idiot Glazyev will keep talking until the dollar is worth 60 [rubles],” Milov wrote on his Twitter account.

To be sure, a high-ranking Kremlin source was quick to distance his office from Glazyev’s remarks, however, insisting to RIA Novosti that they represented only his personal position. Glazyev was just expressing his views as an academic, and not as a presidential adviser, the Kremlin insider said.

That said, putting Russia's threat in context, the Federation held $138.6 billion in US Treasurys as of December according to the latest TIC data, making it the 11th largest creditor of the US, which appears to conflict with what the Russian said, making one wonder where there is a disconnect in "data." This would mean the Fed would need just two months of POMO to gobble up whatever bonds Russia has to sell.

The bigger question is if indeed, as some have suggested, China were to ally with Russia, and proceed to follow Russia in its reciprocal isolation of the US, by expanding trade with Russia on non-USD based terms, and also continue selling bonds as it did in December, when as we reported previously it dumped the second largest amount of US paper in history.

... especially when one considers the latest news released by the Kremlin:

PUTIN, XI DISCUSSED UKRAINE BY PHONE, KREMLIN SAYS
RUSSIA, CHINA SHARE SIMILAR POSITIONS ON UKRAINE, KREMLIN SAYS

 

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Tue, 03/04/2014 - 10:54 | 4506435 Oldwood
Oldwood's picture

Them is fighting words!

Maybe Obama is having a little bowel discomfort right about now?

Tue, 03/04/2014 - 10:56 | 4506440 PR Guy
PR Guy's picture

 

 

Well if Putin's adviser doesn't shut up, the British will give them Liverpool football club!! They are losing 50 gazillion a year.

http://www.youtube.com/watch?v=z9VuIAvyndE

 

I think you call it 'soccer' in the USA.

Tue, 03/04/2014 - 10:58 | 4506465 slotmouth
slotmouth's picture

That just frees up more bonds for Yellen to buy.

Tue, 03/04/2014 - 10:59 | 4506476 Pladizow
Pladizow's picture

How do you say "Checkmate" in Russian?

Tue, 03/04/2014 - 11:00 | 4506490 Arius
Arius's picture

BRING IT ON !!!

You suckers you pussies ... you think America is only about money and wont stand for any principles ... you are WRONG!  this country will stand for the truth and the rule of law!  respect the treaties you sign or else ... get it????

Tue, 03/04/2014 - 11:02 | 4506501 dow jones 20000
dow jones 20000's picture

you forgot the /sarc tag bro

Tue, 03/04/2014 - 11:05 | 4506514 Ar-Pharazôn
Ar-Pharazôn's picture

that's the first thing i thought...

 

but....

 

he's new... probably a half asleep sheep

Tue, 03/04/2014 - 11:12 | 4506573 Boris Alatovkrap
Boris Alatovkrap's picture

Both is Russian, is Amerikan, act like spoiling child, threaten beat each other with play money.

Tue, 03/04/2014 - 11:15 | 4506590 Fukushima Sam
Fukushima Sam's picture

Man, it is amateur hour over in DC. Putin is pulling a huge psyops and the US can't seem to comprehend it.

Tue, 03/04/2014 - 11:20 | 4506612 BaBaBouy
BaBaBouy's picture

""That said, putting Russia's threat in context, the Federation held $138.6 billion in US Treasurys as of December according to the latest TIC data, making it the 11th largest creditor of the US, which appears to conflict with what the Russian said, making one wonder where there is a disconnect in "data." This would mean the Fed would need just two months of POMO to gobble up whatever bonds Russia has to sell.""

 

2 Months Of PONZI ???

Tue, 03/04/2014 - 11:26 | 4506667 Hephaestus
Hephaestus's picture

Oh shit the Russians have a secret weapon. Introducing the new "Mach25 eknanreB annihilator"

Tue, 03/04/2014 - 11:35 | 4506729 Fish Gone Bad
Fish Gone Bad's picture

What did the hand say to the face? Slap! http://www.youtube.com/watch?v=dBNZxxoLv7w

Tue, 03/04/2014 - 12:24 | 4507111 linniepar
linniepar's picture

Yellen on stanby. The Fed can buy them up with no repercussions. /sarc

Tue, 03/04/2014 - 12:48 | 4507259 balolalo
balolalo's picture

It has been about a decade since we started our last war, we are right on time for another one to boost GDP for the 1%.     But we still have troops in Iraq, Afghanistan, and ....... now maybe the Ukraine?

 

"Only an idiot tries to fight a war on two fronts, and only a madman tries to fight one on three."  --David Eddings

Tue, 03/04/2014 - 12:49 | 4507262 Hephaestus
Hephaestus's picture

A whole lot of my elders warned me about "Trade deficits" and becomming a "service economy" well looks like they were right. Putin is taking advatage of it right now and for the first time I can imagine the day when other countries might asset strip the US just like we (and others) have been doing in Africa, ME and South America for tens of decades.

My big question is will the Chinese let Russia hang itself and THEN dump paper/strike Japan or do it now to guarantee US failure.

Tue, 03/04/2014 - 13:17 | 4507438 Rakshas
Rakshas's picture

@ the sheeple & Arius

an example of one shepherd that dedicated/spent his life trying to wake the flock to the danger of the wolves just one of so many.......

I don't have a problem with what you believe  but.......

http://www.youtube.com/watch?v=fZNvSX3A7pc

 

Nugan-Hand bitchez

Wed, 03/05/2014 - 08:02 | 4511037 matrix2012
matrix2012's picture

Yes Rakshas, MICHAEL RUPPERT is a good reference.

 

As well as EZRA POUND; EUSTACE MULLINSGARY ALLENANTONY SUTTONG. EDWARD GRIFFIN.

 

And not to miss Dr. Carroll Quigley's "Tragedy And Hope: A History Of The World In Our Time" + W. Cleon Skousen's "The Naked Capitalist".

 

Or, in present times, those authors such as DEAN HENDERSON; F. WILLIAM ENGDAHLPROF. MICHEL CHOSSUDOVSKY; PEPE ESCOBARWEBSTER G. TARPLEY...

 

If they aren't paid trolls but only half sleep those authors will certainly open their eyes and minds!!

Tue, 03/04/2014 - 13:20 | 4507457 Independent
Independent's picture

The Russians do not make empty threats.  If anything happens China is going to do the same.  The end of the dollar supremacy may just become apparent to the world overnight and countries that do not have exchange agreements between them may all  of a sudden have to come up with gold to back their transactions.  It just takes one domino to fall positioned at the right distance to make all the other dominos fall.

Tue, 03/04/2014 - 11:26 | 4506669 Boris Alatovkrap
Boris Alatovkrap's picture

Technical term is "Quantitative Ponzi"

Tue, 03/04/2014 - 18:52 | 4509451 screw face
screw face's picture

Will Russia get a new naval base in the Red Sea?

Maybe around Assab?

Woooh Jah!

 

fc

Tue, 03/04/2014 - 11:42 | 4506800 BandGap
BandGap's picture

If you don't understand/comprehend the psyops then they really aren't psyops.

Who would have th stupidity could be so useful?

Tue, 03/04/2014 - 12:12 | 4507026 livid levity
livid levity's picture

Speaking of psyops - rumor has it Yanukovych may have deceased yesterday evening from a "cardiac arrest"...Election time in Ukraine?

Tue, 03/04/2014 - 11:26 | 4506666 Bag Of Meat
Bag Of Meat's picture

So you work for the russian army! Explains you missing the past few days, and suddenly when the exercises are over, Boris is back...

Tue, 03/04/2014 - 11:53 | 4506886 Boris Alatovkrap
Boris Alatovkrap's picture

Nyet, nyet, Boris is not army. Boris is six toe on left foot and rejection for army when is young man. Now Boris is extra back nipple, so is very not suitable for army. Boris is very busy exploration of copper mine opportunity and distillation of fine potato spirit!

Tue, 03/04/2014 - 20:39 | 4509879 old naughty
old naughty's picture

Da, da, Boris...

+138.6 billion.

Tue, 03/04/2014 - 12:05 | 4506977 Greater Fool Theory
Greater Fool Theory's picture

Boris, you are my favorite ZH commentator.

Tue, 03/04/2014 - 12:12 | 4507028 kill switch
kill switch's picture

For humor possibly the best!!!

Tue, 03/04/2014 - 11:30 | 4506692 HardAssets
HardAssets's picture

Possibly . . . but the need for <sarc> tags here as of late is rather sad.

Tue, 03/04/2014 - 12:17 | 4507062 Aaaarghh
Aaaarghh's picture

prolly because ZH has inherited a few NSA Trolls to sow discord.

Wed, 03/05/2014 - 04:39 | 4510877 matrix2012
matrix2012's picture

Do not discount out the SOROS MONEY to afford the many trolls everywhere either...

 

Organizations Funded by George Soros and His Open Society Institute - Discover the Networks

ORGANIZATIONS FUNDED BY GEORGE SOROS AND HIS OPEN SOCIETY INSTITUTE

 

The upper portion of this page is devoted to organizations that are funded directly by George Soros and his Open Society Institute (OSI). The lower portion of the page focuses on organizations which do not receive direct funding from Soros and OSI, but which receive money from one or more groups that do get direct OSI funding.

Read on how many organizations are funded with Soros money here.

Tue, 03/04/2014 - 11:05 | 4506529 BaBaBouy
BaBaBouy's picture

GOLD Will Prevail......... Bitchezzzzz

Tue, 03/04/2014 - 13:54 | 4507667 angel_of_joy
angel_of_joy's picture

you forgot the /sarc tag bro

Hence, the little "hint" of -145 red arrows... and counting.

Tue, 03/04/2014 - 11:02 | 4506503 Pladizow
Pladizow's picture

Hahahahaha- good one!

Tue, 03/04/2014 - 11:02 | 4506504 john39
john39's picture

think you forgot your /sarc tag.   anyway, one wonders if this wouldn't be nice way for the banker cartel and puppet U.S. government to blame someone else for the inevitable economic collapse of the ponzi economy.

Tue, 03/04/2014 - 11:04 | 4506515 fonzannoon
fonzannoon's picture

So if they get really pissed they will dump 2.5 months of QE? and then the Ruble will be completely severed from the reserve currency....and when no one else follows yesterday will look like a great day for them.

Tue, 03/04/2014 - 11:06 | 4506532 Ar-Pharazôn
Ar-Pharazôn's picture

do you realize that China could step in in any moment? especially given the fact that they have territorial disputes with Japan?

Tue, 03/04/2014 - 11:24 | 4506645 Boris Alatovkrap
Boris Alatovkrap's picture

Step in what?

Tue, 03/04/2014 - 11:31 | 4506708 prains
prains's picture

a roadside turd

Tue, 03/04/2014 - 11:35 | 4506739 Boris Alatovkrap
Boris Alatovkrap's picture

You are making racist comment of Amerikan president?

Tue, 03/04/2014 - 11:43 | 4506791 prains
prains's picture

speaking of flatulence Boris, my kids can no longer download a game called Flappy Birds and I was thinking of developing a similar game called Crappy Turds and copy the same idea as the old game. Would you be willing to front some of your copper exploration cash to develop my game? I think it'lll go over huge in China.......

Tue, 03/04/2014 - 12:25 | 4507118 Boris Alatovkrap
Boris Alatovkrap's picture

LOL! You are very smart funny! But, why is fascination with excrement!? Is in closing proximity of high velocity rotational air pressure gradient actuator?

Tue, 03/04/2014 - 20:33 | 4509863 prains
prains's picture

i must be part chinese

Wed, 03/05/2014 - 00:33 | 4510551 jerry_theking_lawler
jerry_theking_lawler's picture

Boris. You must be scientist with all of your fancy technical terms. I'm an engineer so I can 'dumb' it down for some folks. In America we just say THE SHIT HITS THE FAN!

Tue, 03/04/2014 - 12:11 | 4507018 KickIce
KickIce's picture

A co-ordinated treasury dump would certainly make life interesting.  I'm sure Yellen would purchase them but I think it would definitely shake the faith of investors in the Fed/ponzi.

Tue, 03/04/2014 - 11:07 | 4506542 greatbeard
greatbeard's picture

Is that all they're holding, 2.5 months?  I thought they had some serious paper.

Tue, 03/04/2014 - 11:16 | 4506598 Boris Alatovkrap
Boris Alatovkrap's picture

Maybe someone is remind Putin how Rothschild (major shareholder of Federal Reserve fiat currency regime and banksta cartel) is punish Czar Nicholas for impertinent threat and misbehavior. You are think power is in state, but when agent like Schiff is pack train car of gold and send to Petrograd to stir up people, bloody regime change is happen. Don't mess with banksta!

Tue, 03/04/2014 - 11:24 | 4506646 Clowns on Acid
Clowns on Acid's picture

Oh you mean like the 4 5 billion that Victoria Nuland said the State dept spent in Ukraine to oust Yanu K Vitch?

Tue, 03/04/2014 - 11:29 | 4506690 Boris Alatovkrap
Boris Alatovkrap's picture

To quote Rothschild, "I care for not of who is making law, if I am making control of issuance of money"

Tue, 03/04/2014 - 13:16 | 4507429 Catch-22
Catch-22's picture

… paraphrasing… ?

Tue, 03/04/2014 - 20:29 | 4509851 StychoKiller
StychoKiller's picture

Rusglish is controlling in difficult!

Tue, 03/04/2014 - 20:44 | 4509897 old naughty
old naughty's picture

BoRusglish.

Tue, 03/04/2014 - 11:42 | 4506797 HardAssets
HardAssets's picture

Black Swans tend to get out of control real fast. What if they dump their treasuries and others around the world do the same in order to cut their losses.

Then what if they declare that they'll back the ruble by a certain percentage with gold ?

And doing this, what if China sees the writing on the wall and does the same ?

A little more 'interesting' a scenario, perhaps ?

The real vulnerability is the fraud fiat US dollar/petro dollar system - a house of cards.

Tue, 03/04/2014 - 12:35 | 4507180 4 wheel drift
4 wheel drift's picture

what if China sees the writing on the wall and does the same ?

A little more 'interesting' a scenario, perhaps ?

The real vulnerability is the fraud fiat US dollar/petro dollar system - a house of cards.

 

well.... maybe that is good news for the USA.....

it is about time we rid of all the innefficiencies and fraud as it has been discussed ad-nasseum....  yeah real pain for a while, but in the end it would be a way to start over and then allow the real producer establish rules away from the current fraud, fiasco and gangsta rule....

it is not like russia and china have all the cards, nor they do not have any problems.....

the USA...  -once rid of the commies, thieves, eko-wakos, PhD (Pendejos hijos del Diablo) ekonomists, and union gangsters.....    will position itself in far better way to deal and compete in the real world away from the illusionism the current band of cockroaches (aka "leaders") pretend to tell us (or force us) to follow.....

how many people have called the dollar (along with the other currencies) mere valueless fiat not worth the papaer printed on ?

maybe this is the chance for real change....

Tue, 03/04/2014 - 12:38 | 4507202 Tall Tom
Tall Tom's picture

Sure...if Russia wants a Hot War and the following happens then I am sure that the MIC will be happy to make Russian Cities glow in the Day and Night.

 

The USA will do anything to protect Dollar hegemony. The Russians  know that. That is what Iraq and Libya were all about.

Tue, 03/04/2014 - 13:06 | 4507381 KickIce
KickIce's picture

All true, but maybe the Chinese/Russians have a different view of the NWO than the US/Rothschilds.  At some time you become tired of being the bitch, maybe/hopefully now is that time?  But yeah, no doubt any real threat to the ponzi would be trated as an act of war.

Tue, 03/04/2014 - 13:09 | 4507399 Rylie
Rylie's picture

Russia has S400 air defense, missiles will get no where near Russia. The S400 is 2 generations more advanced then what the USA has.

Tue, 03/04/2014 - 11:54 | 4506875 Professor Fate
Professor Fate's picture

There is no longer any such thing as "Serious Paper" when you are talking Treasurys.  Yellin can add a trillion or two to the Fed's balance sheet with a fat finger any time her little pointed heart desires.  Obozo can pay the Treasurys off with new "MyRA" paper and the soon to be announce ObamaCare Prepaid Medical Investment Accounts available exclusively through our newest Primary Dealer,  Mt. Gox.

Fate the Magnificent
"Push the Button, Max"  

Tue, 03/04/2014 - 11:08 | 4506548 Oldwood
Oldwood's picture

Yes, we are not going to let anyone burst our bubble. To infinity and beyond! I guess we should be thankful that we don't have to deforest the planet to meet their money printing needs.

Tue, 03/04/2014 - 11:11 | 4506566 john39
john39's picture

if they need to frame someone as the enemy who killed the 'economic recovery', true cause and effect won't be required.  if that is the plan, and i'm only speculating really, certainly the cartel would help the process along don't you think?

Tue, 03/04/2014 - 11:47 | 4506839 Confused
Confused's picture

Certainly plausible. But on the flip side, this is the situation the US has gotten itself in. This is leverage. The military might be the most powerful, but its utterly useless if someone can destroy your economy without firing a shot. 

 

Either way, things are going to be interesting.  

Tue, 03/04/2014 - 13:00 | 4507333 Jason_1sandal
Jason_1sandal's picture

Art of War...!

Tue, 03/04/2014 - 11:13 | 4506583 centerline
centerline's picture

Barabarians at the gate Fonz.  Testing the perimeter for weakness.  The whole damn world is effectively rigged to blow with this near infinite chain of counterparty exposure... either through the banks, or currency, or energy, etc.

There is no doubt the US has decent intellegence.  As does Russia.  All this jawboning is pure theather right now.  Just feeling each other out like a double chi sau exercise (wing chun thing).  Every hole (weakness) is being examined, a little ground being taken here and there (posturing), but no outright attack.

Tue, 03/04/2014 - 11:20 | 4506622 fonzannoon
fonzannoon's picture

I hear you man. I just think Russia is playing a losing game with paper and they should know it. They should stick to real resources.

If I was Obama I would announce an offer to happily take that paper off their hands. Clearly Belgium wants it. Anyway kidding aside, I would pounce on this if I were the U.S. Then when the rest of the world does not follow Russia's lead, watch what happens to their currency. 

Russia should not go all in like this until they have the rest of the world on their side. Maybe they do. Who knows. I doubt it.

Tue, 03/04/2014 - 11:34 | 4506735 markar
markar's picture

All they need is China on their side. And I suspect they do.

Tue, 03/04/2014 - 11:46 | 4506832 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The dominos will fall fairly quickly once one major player starts the revolt.

Tue, 03/04/2014 - 12:11 | 4507015 LawsofPhysics
LawsofPhysics's picture

Russia has had a trade deal with China that bypasses the dollar since 2010.

Tick tock motherfuckers...

Tue, 03/04/2014 - 12:23 | 4507105 noless
noless's picture

There is no way the administration would do anything close to that, it would be completely against any and everything they've shown themselves to be.

It would be far too transparent a move, and of itself probably prompt other nations to divest simply due to fear.

Tue, 03/04/2014 - 12:30 | 4507156 centerline
centerline's picture

Yeah, there must be some sort of belief on thier side that they can turn up the heat.  For them it is really all about NatGas.  Either expansion or protection.

Tue, 03/04/2014 - 12:17 | 4507049 kill switch
kill switch's picture

This would be in addition to what the fed is pumping,,,,you might want to double that number,,nice segway to increase QE,,FUCKING BEAUTIFUL..WHICH IS INEVITABLE..

Tue, 03/04/2014 - 11:04 | 4506511 ThirdWorldDude
ThirdWorldDude's picture

He said "rule of law"...

Bwaaaaahahahahahahahahaahhaahahahahahahahaha

Tue, 03/04/2014 - 11:19 | 4506616 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

you think America is only about money and wont stand for any principles ... you are WRONG!  this country will stand for the truth and the rule of law!  respect the treaties you sign or else ... get it????

Outstanding comedy, bro. The all-caps "WRONG" was a nice touch and not overdone. You've even thrown in some laughs for the history buffs with the remark about respecting treaties.

Tue, 03/04/2014 - 14:42 | 4508015 Seize Mars
Seize Mars's picture

I think it's the "get a brain, Morans" guy

Tue, 03/04/2014 - 11:33 | 4506726 Hephaestus
Hephaestus's picture

@Arius

Get a rock. Throw it through your TV. No joke No sarc. Just do it.

Tue, 03/04/2014 - 11:44 | 4506819 Joenobody12
Joenobody12's picture

"  this country will stand for the truth and the rule of law !  "

Huh ? Where have you been ? 

On a second thought, you better check the lead concentration in your water supply. Too much lead ingestion makes you stupid.

Tue, 03/04/2014 - 12:21 | 4507091 detached.amusement
detached.amusement's picture

and the flouride dont help either!

Tue, 03/04/2014 - 12:19 | 4507079 1100-TACTICAL-12
1100-TACTICAL-12's picture

put  Ozero and Putie in the  ring & let'em have @ it.... I know who to put my fiatscos on...

Tue, 03/04/2014 - 12:19 | 4507080 Aaaarghh
Aaaarghh's picture

Trolllolllolllolll NSA style

Tue, 03/04/2014 - 12:30 | 4507153 Panafrican Funk...
Tue, 03/04/2014 - 18:29 | 4509365 Notarocketscientist
Notarocketscientist's picture

And DEMOCRACY - don't forget Democracy.

 

USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA

 

sucks   http://billmoyers.com/episode/the-deep-state-hiding-in-plain-sight/

 

Tue, 03/04/2014 - 11:02 | 4506496 johnQpublic
johnQpublic's picture

time to tip over the king and graciously surrender, or punch te new chess champion in the face

Tue, 03/04/2014 - 11:34 | 4506730 11b40
11b40's picture

You gotta know when to hold 'em, know when to fold 'em.

Tue, 03/04/2014 - 11:34 | 4506734 11b40
11b40's picture

dup

Tue, 03/04/2014 - 11:07 | 4506508 BaBaBouy
BaBaBouy's picture

.

Tue, 03/04/2014 - 11:10 | 4506510 Boris Alatovkrap
Boris Alatovkrap's picture

"Shakh i mat" but more is like "porazheniye", which is "drubbing or beating"

Sample use is "Putin is drubbing give to Barry, any day of week."

Tue, 03/04/2014 - 11:07 | 4506543 Debugas
Debugas's picture

check - SHAKH

checkmate - MAT

Tue, 03/04/2014 - 11:08 | 4506550 Obchelli
Obchelli's picture

Shakh Mat

Tue, 03/04/2014 - 11:24 | 4506591 BanksterSlayer
BanksterSlayer's picture

 Drudge: Putin Plays Chess, Obama Plays Marbles.

And he doesn't even do that very well.

Tue, 03/04/2014 - 11:32 | 4506709 Boris Alatovkrap
Boris Alatovkrap's picture

How is Barry play marble? Barry is already lose all his marble. Crack cocaine habit is do that.

Tue, 03/04/2014 - 12:20 | 4507082 kill switch
kill switch's picture

I think your on to somthing,, Boris me boy..lose already is Barry..

Tue, 03/04/2014 - 12:26 | 4506996 A Nanny Moose
A Nanny Moose's picture

shakh i mat.

The bankers have yet to speak about this.

Tue, 03/04/2014 - 11:00 | 4506482 Boris Alatovkrap
Boris Alatovkrap's picture

Quick! Where is shoe of Kruschev!?

Tue, 03/04/2014 - 11:12 | 4506575 IridiumRebel
IridiumRebel's picture

Boris! You're back! Hope you are well after your Crimean Vacay. 

Tue, 03/04/2014 - 11:22 | 4506636 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is nowhere to go near Crimea! Beside, is discover new deposit of high grade copper ore near surface in Sochi. Completely virgin copper is test no voltage differential to ground. Is like someone is just leaving in ground for Boris finding!

Tue, 03/04/2014 - 11:33 | 4506720 prains
prains's picture

does the virgin copper come well trimmed?

Tue, 03/04/2014 - 11:38 | 4506776 Boris Alatovkrap
Boris Alatovkrap's picture

No, is very frustrating Boris, even high grade Sochi copper ore is contaminate of polymer and must is first to strip away. Fortunate, after all athlete and debutante is leave, there is many stripper left in Sochi is anxious for employment.

Tue, 03/04/2014 - 12:26 | 4507121 Oldballplayer
Oldballplayer's picture

Boris, with your extra toe and nipple, you could pull down a premium as boy hooker in Bangkok.  Always good to have Plan B.

Tue, 03/04/2014 - 11:17 | 4506607 Looney
Looney's picture

In Obama's ass?  ;-)

Looney

Tue, 03/04/2014 - 11:21 | 4506629 Clowns on Acid
Clowns on Acid's picture

Boris - what did you see from your submarine ?

Tue, 03/04/2014 - 11:23 | 4506643 elwind45
elwind45's picture

Moving missiles

Tue, 03/04/2014 - 12:24 | 4507100 kill switch
kill switch's picture

Shoe is in HAWAII!!! With birth certificate... MUHAHAHAHAHAHAHAHAH

Tue, 03/04/2014 - 12:31 | 4507161 yogibear
yogibear's picture

QEen Yellen loves to print.  She'll double or tripple QE That's music to Wall Street.  Monster bonuses.

Tue, 03/04/2014 - 11:00 | 4506473 Arius
Arius's picture

,

Tue, 03/04/2014 - 11:03 | 4506488 Pladizow
Pladizow's picture

.

Tue, 03/04/2014 - 12:39 | 4507209 ParkAveFlasher
ParkAveFlasher's picture

<;

<!

Tue, 03/04/2014 - 11:00 | 4506489 PR Guy
PR Guy's picture

You are kidding right?

Tue, 03/04/2014 - 11:20 | 4506618 elwind45
elwind45's picture

No I think its Liverpool football club over hear. I rather think it should be Suarez football club. In Europe next season so budget should improve and Rogers is a good manager. If it gets tight then lineup is worth its transfer fees anyhow winning the cup now that is the pot o gold

Tue, 03/04/2014 - 10:55 | 4506444 DaddyO
DaddyO's picture

The Ruskies are playing for Realz...

DaddyO

Tue, 03/04/2014 - 10:57 | 4506463 Groundhog Day
Groundhog Day's picture

Bitch slapped Again

Tue, 03/04/2014 - 10:58 | 4506467 pods
pods's picture

The FED can eat em, but, with treasuries being concentrated, there is little use for the dolla.

And that is no good for Uncle Sam.

Credit=Talk

Resources=Walk.

Which one are we?

pods

Tue, 03/04/2014 - 11:04 | 4506509 johnQpublic
johnQpublic's picture

are you talking to me?

http://www.youtube.com/watch?v=AkFqg5wAuFk

 

just walk away

Tue, 03/04/2014 - 11:21 | 4506617 DaddyO
DaddyO's picture

Much has been made of how manly Putin and his image are in this whole media play.

Even Mrs. Palin has made much of this, in fact she commented here

Are we all so starved for a leader with conviction and balls willing to stand up for their beliefs that we are willing to overlook what those convictions are?

Look, this whole affair is nothing more than some very wealthy, influential players moving pieces around on a chessboard to see what falls out.

Who will be the losers in this powerplay. The Ukrainians? The US .gov, The Europeons? The list is long!

In all reality, it's the pawns, you and me, the everyday joe, who gets the short stick. We Pay!!!

So think long and hard about what's at stake.

Freedom, Liberty, Sovereignty, just to name a few. This whole destabilization is contagious!

Egypt, Libya, Irag, Afghanistan, Ukraine, who's next?

DaddyO

Tue, 03/04/2014 - 11:50 | 4506864 pods
pods's picture

Yep, and I heard on the radio this morning that we (well, our kids) have agreed to give $1 billion to the Ukraine for energy.

I feel so much better knowing that.

pods

Tue, 03/04/2014 - 12:25 | 4507119 ncdirtdigger
ncdirtdigger's picture

They have long since gone through your kids' money, they are well on their way to enslaving your grandkids.

Tue, 03/04/2014 - 12:35 | 4507188 11b40
11b40's picture

Agreed, Daddy-o, but where is the bad guy?

Is it the Macho Putin or the Whimpy Obama?  Where has Putin been sticking his beak around the world, other than to defend Russia's traditional interests?  How about the US?  What are we up to?  How can it be determined that our adventures are preserving freedom, liberty, or sovereignty for anyone, including ourselves?  From where I sit, whatever we touch, we seem to make worse.

Tue, 03/04/2014 - 14:00 | 4507709 DaddyO
DaddyO's picture

How 'bout the IMF, BIS and the other NWO enforcers?

Did the IMF not just agree to give Putin, through his call for tougher and higher payments for oil, his extra money?

This was all planned in advance.

Again, everyone has said Putin is playing chess, right?

I think this shows some discord amongst the NWO players.

NWO Factions anyone?

DaddyO

Wed, 03/05/2014 - 08:43 | 4511088 matrix2012
matrix2012's picture

DaddyO,

just apply the Occam's Razor

 

one side has SO UGLY the attitude for SO LONG the time that we are needless to deem any further ....

the bad guys are living on the extended terms, a long overdue one!!!

 

'ugly' is so soft here, wicked or even diabolic fits much better!

Tue, 03/04/2014 - 12:00 | 4506937 imbrbing
imbrbing's picture

We have a printer that can put out more PPM than most other countries, does that count? :)

Never mind the printer was probably actually "made in china" and the paper comes from mexico or somewher

else.

 

but once we get the first note printed off we can use those notes to buy more printers and make MOAR NOTES!

 

Tue, 03/04/2014 - 10:59 | 4506474 mrdenis
mrdenis's picture

throw one on the barbie'.......

Tue, 03/04/2014 - 10:56 | 4506451 superflex
superflex's picture

Janet is tightening her chinstrap.

Tue, 03/04/2014 - 10:59 | 4506455 LMAOLORI
LMAOLORI's picture
The red flags the West ignored about Putin’s Russia

snip...

1. Look at the Kremlin’s gold reserves

It is a little-known fact in the West, but Putin has been stocking up on gold bullion for years. In five years he has doubled Russia’s bullion reserves to just over a thousand tons, one of the largest holdings in the world, valued at $44 billion.

Why? What possible reason could the Russian government have for holding gold, an “unproductive” asset, instead of, say, U.S. Treasury bonds or other financial assets? It isn’t to make jewelry. Gold is the only currency in the world controlled by nobody else. It’s something you buy when you want to have complete freedom, if needed, to defy the rest of the world.

Tue, 03/04/2014 - 11:13 | 4506577 Ar-Pharazôn
Ar-Pharazôn's picture

"Gold is the only currency in the world controlled by nobody else"$

 

the gold market is deeply manipulated.

Tue, 03/04/2014 - 11:56 | 4506906 Kayman
Kayman's picture

The paper gold market -"trust me, it's in the vault"- is manipulated. If everyone wanted delivery, no one would get physical gold.

Tue, 03/04/2014 - 12:09 | 4506998 _ConanTheLibert...
_ConanTheLibertarian_'s picture

correction: The paper gold market is deeply manipulated which will only help the physical market.

Tue, 03/04/2014 - 12:33 | 4507173 silvermail
silvermail's picture

"the gold market is deeply manipulated."

But all the gold price manipulation will end, after Russia will announced prices for oil and gas, in physical Gold.

Wed, 03/05/2014 - 06:06 | 4510941 Ar-Pharazôn
Ar-Pharazôn's picture

that would be a really interesting moment in mankind's history

Tue, 03/04/2014 - 11:15 | 4506588 ThirdWorldDude
Wed, 03/05/2014 - 09:04 | 4511123 matrix2012
matrix2012's picture

The point #1 and THE COMMENTS there are what interesting from the article run by the Wall Street Journal's MarketWatch.... it draws 400++ comments there and many there have eyes and minds too

Tue, 03/04/2014 - 11:00 | 4506484 silvermail
silvermail's picture

Putin can isolate the United States from around the world faster than you can spit. To this end, Putin needed only to declare that Russia sells oil and gas only for gold.
After that, the U.S. is becoming a third world country immediately. Check and mate.

Tue, 03/04/2014 - 11:05 | 4506519 Life of Illusion
Life of Illusion's picture

 

Ha all Ukraines pipelines will blow up.

Tue, 03/04/2014 - 11:30 | 4506699 silvermail
silvermail's picture

Ha! Without oil and gas Europe will fall to the stone age.

Tue, 03/04/2014 - 11:59 | 4506927 Life of Illusion
Life of Illusion's picture

 

Exactly who will Europe support?

 Europe should have never allowed energy dependence from such source in the first place.  

China next door isn’t that stupid to source only Russia energy.

page 10

https://www.usrbc.org/pics/File/Russia_Infrastructure_WhitePaper_Eng.pdf

Tue, 03/04/2014 - 12:39 | 4507204 silvermail
silvermail's picture

The world can not survive without Russian oil and gas. In the world begin crises and wars for energy resources. Everything else - it's just blah blah blah about "to diversify supplies".

Tue, 03/04/2014 - 12:08 | 4506992 Kirk2NCC1701
Kirk2NCC1701's picture

If the EU falls, and the EUR breaks into national currencies, the US and UK laugh their asses off.

The USD and GBP win.  And London stays Europe's banking center, rather than taking heat from Frankfurt.

You guys need to think more than ONE chess move ahead. [sigh] Amateurs!

Tue, 03/04/2014 - 13:34 | 4507542 silvermail
silvermail's picture

You talk like a child. Your mind can not go beyond the paradigm of fiat currencies. For whom will be need your fiat currency of the United States or London? Do you really do not understand what's happening?
You really do not understand, that China has just refused to sell their goods for U.S. dollars?
You do not really understand what it means China's statement: "We stop accumulating assets denominated in U.S. dollars"?
Well , I'll translate for you as for a child: This means, that China has announced that they stop sale of their goods, in exchange for U.S. dollars .
Right now, China use dollars only as an intermediary for the purchase of gold.
If you know about the trade deficit between the U.S. and China, then maybe you can understand this phenomena, that occurring in the world right now.

Tue, 03/04/2014 - 11:08 | 4506547 Greater Fool
Greater Fool's picture

Har, that would be funny. What, they won't even take their own currency in trade for their gas? Ludicrous.

Russia knows just how thin their FX war chest is: It's almost run out at several points in the past decade. Without dollars you cannot defend your currency.

This is an empty threat.

Tue, 03/04/2014 - 11:33 | 4506723 silvermail
silvermail's picture

This is not an empty threat, it is gold instead of the dollar and blank the U.S. budget = zerro+debt.

Tue, 03/04/2014 - 11:29 | 4506689 pacboot
pacboot's picture

At the end of the day, Russia is still a developing world kleptocracy with a nuclear arsenal.  Same with China. There is a lot that the US could do to crush the russian, or even the chinese currencies and economy if we had to.  The purchase power of the average American welfare clod is higher than most middle class citizens of either country.  It isn't until you you get to oligarch status that borders evaporate and people with the fuck-you-money become equals.

The question is, does our "ruling" class have the sack to do it?  I doubt it, but you turn off the American consumer class to certain imports and the chinese middle class evaporates.  Internal revolts blow up all over. Same goes with the Rus.  Start pumping $$$$ yel-bucks into europe (more than we have) and let our grand kids will come up with some kind of fucked-up derivatives scheme we can shlep off on the rest of the world. 

Remember world war II?  A bunch of ex-flapper housewives filled our factories and everyone dumped their metal for the war effort.  Did't make a difference but they did it anyway.  Same thing would probably happen again.  They would call it a "Peace Bond" or something and we would all buy some just to show we're on the Team America, Fuck Yeah!! sheet of music.  Maybe we'll wrap 'em around our girl scout cookies or something.

Tue, 03/04/2014 - 12:00 | 4506940 Kayman
Kayman's picture

"There is a lot that the US could do to crush the russian, or even the chinese currencies and economy if we had to."

Are you serious ?  What would Obama do when Walmart starts laying off their "associates" ?

Wed, 03/05/2014 - 11:45 | 4511808 matrix2012
matrix2012's picture

@ pacboot

just to remind you that back then the great USA has the best manufacturing plants intact; however, what's left today is just a service economy: the FIRE is the largest sector, second only to MICI (Military-industrialized Complex Intelligence) related industries.

When the veil is revealed and the mirage is made known, the world will see all the underlying lies and deceptions!!

Tue, 03/04/2014 - 12:07 | 4506986 Chief KnocAHoma
Chief KnocAHoma's picture

We still have a military. He isn't dumb enough to do that until our military is fully degraded. Good thing we have a Prez dedicated to keeping the US strong.

Wed, 03/05/2014 - 06:07 | 4510942 Ar-Pharazôn
Ar-Pharazôn's picture

Putin cant do this without expecting a disproportionate reaction from US

Tue, 03/04/2014 - 11:05 | 4506522 Sinnedi
Sinnedi's picture

I don't think Obama cares, I think the american people should care.

Tue, 03/04/2014 - 11:11 | 4506564 Jannn
Tue, 03/04/2014 - 11:13 | 4506579 TaperProof
TaperProof's picture

I called this yesterday, his Advisor must read ZeroHedge.  hah

Tue, 03/04/2014 - 11:17 | 4506605 Alpo for Granny
Alpo for Granny's picture

200 Billion? Is that all you got? Shiiiiiit...Ol' Yellen can print that with one toner tied behind her back.

Come at her comrade..

 

Tue, 03/04/2014 - 12:09 | 4507001 Urban Redneck
Urban Redneck's picture

$200 billion might be an important detail... If the number was intentional, and a consolidated figure for the CB and major commercial banks, as opposed to a simple overstatement of $138B (or whatever the official holdings actually are).

Tue, 03/04/2014 - 11:26 | 4506668 SteveNYC
SteveNYC's picture

The dynamic here is that Russia is pushing the agenda, the West is reacting. Classic "keep your opponent off balance/on the back foot" tactic.

This is going to get much more interesting before it is over. Anybody who thinks Putin did not anticipate the "sanction" threat and have this morning's subsequent response prepared, well, go to cnn.com for your news.

 

Tue, 03/04/2014 - 11:36 | 4506753 pacboot
pacboot's picture

Thats not Surprising.  Putin is a Student of Judo, Chess and Shirtless Tiger Wrestling. The "O" is a student of throwing like a girl and holding your bong pull until you see spots.  I bet Romney is sitting in a hot tub with a highball watching this and laughing his ass off.  Ok maybe a glass of Nesquick.  Don't you hate it when you are right?

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