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Monetary Blockade Of Russia Begins: JPMorgan Blocks Russian Money Transfer "Under Pretext" Of Sanctions

Tyler Durden's picture


While the flare up of Cold War 2.0 may seem like last week's news, overnight something very notable happened that so far virtually nobody appears to have paid attention to. According to Russian Kommersant, none other than the biggest US bank, JPMorgan, was reported to be "reviewing counterpart relations with all Russian lenders" citing unidentified people. The review is part of JPMorgan’s push for transparency in banking and not part of sanctions against Russia over Crimea. Perhaps this is true: Kommersant added that Sberbank and VTB were contacted in January and February while another unidentified bank recently received letter saying JPMorgan would cease correspondent accounts with them on April 1.

JPM cleaning up its act is certainly plausible: after all the last thing the bank that has paid out nearly $30 billion in legal charges, penalties and settlements in the past few years need right now is more legal charges due to laundering Russian billionaires' cash (coughHSBCcough) at a time when Russia, which has humiliated the US state department twice in under a year, is hardly perceived as a critical ally to the US. So one can see why JPM would be cautious in transacting with Russia financial entities.

And yet, while the headline sanctions so far have involved mostly freezing of Russian politician and oligarch assets in jurisdictions in where there were no such assets, it appears that JPM has not only escalated on its own but taken the Russian sanctions to an entirely new level: one which may quite promptly devolve into a complete monetary blockade of all of Russia.

Exhibit A:

Wait, did JPM just take a unilateral action, not mandated by the state department (because nowhere in the Russian sanction list does it say putting a freeze on Russian bank transfers), and refuse to process a simple money transfer? Why? And if indeed JPM is doing this, how long until all other US banks, most of which are just as allegedly criminal in dealing with offshore sources of illegal money, follow suit and leave Russia entirely in the world when it comes to USD-backed transactions.

Because what JPM may have just done is launch a preemptive strike which would have the equivalent culmination of a SWIFT blockade of Russia, the same way Iran was neutralized from the Petrodollar and was promptly forced to begin transacting in Rubles, Yuan and, of course, gold in exchange for goods and services either imported or exported.

One wonders: is JPM truly that intent in preserving its "pristine" reputation of not transacting with "evil Russians", that it will gladly light the fuse that takes away Russia's choice whether or not to depart the petrodollar voluntarily, and makes it a compulsory outcome, which incidentally will merely accelerate the formalization of the Eurasian axis of China, Russia and India.

At this point watch if any other US banks follow in JPM's footsteps, and block money transfers to or from Russia. Because then will things get truly interesting.

As for the Russian response, it is coming and will most likely be matched in severity.


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Tue, 04/01/2014 - 14:59 | 4614566 fiddler_on_the_roof
fiddler_on_the_roof's picture

Russia is going to get squeezed.

First USA wrestled Ukraine(other than crimea) from Russian orbit. Let us watch how Russian squeeze happens.

Tue, 04/01/2014 - 14:59 | 4614570 macholatte
macholatte's picture


Hope and Change Bitchez!

Tue, 04/01/2014 - 15:04 | 4614587 cossack55
cossack55's picture

Squeezing is one thing, the responding bitch slap is what worries me.

Tue, 04/01/2014 - 15:12 | 4614617 ParkAveFlasher
ParkAveFlasher's picture

So, what kind of product requires some sort of clearing in Kazakhstan?  Potassium?

Tue, 04/01/2014 - 15:14 | 4614623 Manthong
Manthong's picture

"JPMorgan’s push for transparency in banking"

.. this is starting to become just a tad annoying. 

Tue, 04/01/2014 - 15:17 | 4614632 kliguy38
kliguy38's picture

wait til' they try and load up Russia's gold......then the nukes will fly...foch the paper

Tue, 04/01/2014 - 15:26 | 4614665 knukles
knukles's picture

Just a reminder folks, that under international law, blocking a country from the international payments mechanism system is officially an act ot war

Tue, 04/01/2014 - 15:35 | 4614714 Keyser
Keyser's picture

And the right hand of god has spoken, and he shall smote thy enemies as if his own. The western banksters are writing their own epitaph. 


Tue, 04/01/2014 - 15:41 | 4614734 SoilMyselfRotten
SoilMyselfRotten's picture

Banks usually help start wars from behind the scenes, this is just silly

Tue, 04/01/2014 - 17:02 | 4615082 insanelysane
insanelysane's picture

Wasn't it noble JPM that still transferred Corzine's (er MFGlobal's) money to their own accounts even though no one at MF Global would sign that the origin of the money was legitimate?  Or am I mistaking noble JPM, savior of the world, financier of World War I and World War II, with some other banking syndicate???

Tue, 04/01/2014 - 18:18 | 4615280 jopa
jopa's picture

yes just after having ruined their very clients. indeed!

Wed, 04/02/2014 - 02:28 | 4616314 francis.sawyer001
francis.sawyer001's picture

INTERNATIONAL LAW - That baby was tossed out how many years ago?

When you look back on these times post 2007, you will all note that the 'rule of law', pretty much went with BUSH/CHENEY, the Law was terminated under Obama, and certified DEAD under HILLARY-2016.

The end of history is here.


Law, is what you have POST-WAR, .. it can be argued by RUMSFELD/CHENEY that the USA has been in a State of War since 911.

Wed, 04/02/2014 - 06:00 | 4616476 Lore
Lore's picture


~ Shiver ~

Wed, 04/02/2014 - 11:13 | 4617365 Unknown User
Unknown User's picture

Bush Jr. redefined the "rule of law" to mean whatever I say or do is the law.  Since no one challenged this, it is the law.

Tue, 04/01/2014 - 18:06 | 4615253 Jorgen
Jorgen's picture

I wonder where RF keeps her gold reserves. In Moscow or in NYC/London? If the latter, they are screwed...

Tue, 04/01/2014 - 21:28 | 4615790 Wahooo
Wahooo's picture

Russia should incinerate one European city a day until this shit stops.

Wed, 04/02/2014 - 02:22 | 4616305 francis.sawyer001
francis.sawyer001's picture

JPM "If you want your money, you can't have your money"

JPM has gone MT-GOX, who could have guessed?

Tue, 04/01/2014 - 15:16 | 4614628 ebworthen
ebworthen's picture

Or Palladium.

Tue, 04/01/2014 - 15:32 | 4614636 ParkAveFlasher
ParkAveFlasher's picture

I was thinking opium but palladium is a fine angle.  I'm not quite ready to change my war cry to "palladium, bitchez!" yet.

Tue, 04/01/2014 - 20:40 | 4615653 naughtius maximus
naughtius maximus's picture

Keep the change.

Tue, 04/01/2014 - 15:22 | 4614645 Matt_Master
Matt_Master's picture

Simple - Russia just needs to buy some phyiscal silver and crash that bitch

Tue, 04/01/2014 - 14:59 | 4614569 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Like the Russians don't already have alternate money transfer methods in place regardless of this latest tiff or not.

They maybe a lot of things but stupid so far hasn't been one of them if anyone has been paying attention. Chess vs checkers bitchez.

Tue, 04/01/2014 - 16:44 | 4614815 JuliaS
JuliaS's picture

Looks like the West can't wait to see Russia re-assemble itself into the former USSR by attacking its immediate neighbors. That's the kind of effect the the Great Mongol Empire once head on Slavic nations that nowdays make up Russia.

Indeed, nothing unites the rest of the world better than the hatred of us.

JPM boys better start arming their nailguns.

Tue, 04/01/2014 - 15:00 | 4614573 One And Only
One And Only's picture

Bitcoin transactions still fully functional!

Tue, 04/01/2014 - 15:50 | 4614605 DoChenRollingBearing
DoChenRollingBearing's picture

A week or so ago I sent a 0.05 BTC transaction from Peru to someone I do not even know!  All I needed was the access to the Internet, so no BTC client software needed, I did it via  


Tue, 04/01/2014 - 15:03 | 4614583 AlmostUncirculated
AlmostUncirculated's picture

Well here's the party line response: "We won't longer just accept dollars for our natural resources - pay us in anything you'd like!"

Tue, 04/01/2014 - 21:29 | 4615799 sethstorm
sethstorm's picture

They'll accept them and like it if they're properly handled.

Tue, 04/01/2014 - 15:06 | 4614592 1000yrdstare
1000yrdstare's picture

Is the next step, "Troops across borders"?  Where are we currently at with Zbigs chess game?

Tue, 04/01/2014 - 15:36 | 4614718 Keyser
Keyser's picture

It's a real shame that fucker is still drawing a breath. 

Tue, 04/01/2014 - 15:05 | 4614595 richsob
richsob's picture

Our firm stopped doing business with Russian companies and/or Russian nationals a year ago. We just couldn't justify the due diligence costs required to check everyone out. Nearly 100% of the time we discovered something that "wasn't quite right" with the parties asking us to do business with them so we just stopped trying altogether. I'm not saying JP Morgan has such a pure motive but I can say we know other financial firms that have also closed the gate on doing business in Russia over the past year.

Tue, 04/01/2014 - 15:10 | 4614612 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1, that's interesting yet not surprising.

Game on, I guess...

Tue, 04/01/2014 - 15:47 | 4614730 ParkAveFlasher
ParkAveFlasher's picture

A close family member has sold bananas from Ecuador into Russian buyers.  He was burned.  The pattern was to build a rapport on transactions that gradually increase in size, and then there's the BIG SHIPMENT and then ... no payment in return.

That goes to all you casual ZHers-against-ZHers-who-laud-Putin.  Some people know wtf they are talking about, even when they are joking or being ironic.  This will be a long cold hard slog through the phoenix'ing of our little experiment of America and you betta smoke 'em while you got 'em.

Tue, 04/01/2014 - 15:49 | 4614775 DoChenRollingBearing
DoChenRollingBearing's picture

ParkAve, that's a really common scam in import/export.  Build up a little trust, then cheat them!  

Excellent observation, I hope you've saved just one person here some money.

Tue, 04/01/2014 - 16:01 | 4614824 TahoeBilly2012
TahoeBilly2012's picture

Yea well there is thing called a Dunn Score, but duh.

Tue, 04/01/2014 - 17:02 | 4615085 ParkAveFlasher
ParkAveFlasher's picture

Right, and that score registers an omniscience factor of infinityinfinity with JD Power and Asso. and you can thus easily make judgements of all firms internationally and throughout the known universe at all points of all supply chains that ever existed.  This is why it is so damn easy to be well-off especially if you are not a multi-national firm or Noboa-like entity with 2,000 legal manifestations and a litigating army stationed in all major commercial centers.

Tue, 04/01/2014 - 16:42 | 4615001 Apeman
Apeman's picture

Was it Putin who didn't pay for your bananas?

Tue, 04/01/2014 - 17:04 | 4615062 ParkAveFlasher
ParkAveFlasher's picture

No, I don't believe Putin buys his own bananas.

Tue, 04/01/2014 - 17:30 | 4615155 Totentänzerlied
Totentänzerlied's picture

"The pattern was to build a rapport on transactions that gradually increase in size, and then there's the BIG SHIPMENT and then ... no payment in return."

Those are virtually the exact words in which the scam was described to me by a friend who exports fruit from Chile. Scammers work up to a full pallet (worth tens of thousands of dollars) and then just don't pay (of course now pallets are insured).

Tue, 04/01/2014 - 20:43 | 4615667 naughtius maximus
naughtius maximus's picture

Just because Putin is a rich corrrupt asshole doesn't mean he isn't surrounded by a lot of little corrupt assholes.


PS don't sell your banana's on Alibaba's website and 40,000 thieves :D

Tue, 04/01/2014 - 15:06 | 4614596 Kaiser Sousa
Kaiser Sousa's picture

dollar dump in 5, 4, 3, 2, .....

there r only 2 forms of real money... Physical Gold and Silver.

Tue, 04/01/2014 - 15:07 | 4614597 Impoverished Ps...
Impoverished Psychologist's picture

This is not Wikileaks, this is Russia...


If they think that they can freeze Russia out of the monetary system then the payback is going to be nasty.


This is a cheap shot, smacks of petulance and desperation.

Tue, 04/01/2014 - 15:24 | 4614658 unplugged
unplugged's picture

could be the Rothschild Regime's way out of their mess - they can blame the collapse on Russia


Tue, 04/01/2014 - 15:31 | 4614694 SMG
SMG's picture

I really hope your wrong.  I was just starting to accept false reality again.

Tue, 04/01/2014 - 15:37 | 4614721 unplugged
unplugged's picture

may I recommend gin & tonic

Wed, 04/02/2014 - 06:18 | 4616481 Lore
Lore's picture

Vodka embargo in 5..4..3..2..

Would they consider it at some point?  Regulated Intoxicants = Revenue + Sheeple Inebriation...

Tue, 04/01/2014 - 15:16 | 4614601 nelsonmandella
nelsonmandella's picture

Now how do you think Russia will react ? 


They will pump Billions into Silver and Gold and Bitcoin 


Physical Gold and silver for gas please germany 


and buy the way 20% discount if you pay in gold in advance 

Tue, 04/01/2014 - 16:00 | 4614821 JuliaS
JuliaS's picture

Don't say the "b-word". Fonies are drawn to it like flies to a fresh pile of shit.

Tue, 04/01/2014 - 16:25 | 4614918 NoClueSneaker
NoClueSneaker's picture

German gold is on the way - but there is some kind of traffic jam near the Liberty Street 33 .... :-P

Wurst & Bier as collateral will do the trick ....

Tue, 04/01/2014 - 15:07 | 4614602 ssp2s
ssp2s's picture

Likely authorized, or at least no objection received.

What they really ought to do is start suppressing gold prices, if that is possible.

Tue, 04/01/2014 - 15:07 | 4614604 buzzsaw99
buzzsaw99's picture

<-- Makes me want to deposit money with JPM

<-- God I hate those maggots at JPM

Tue, 04/01/2014 - 15:08 | 4614608 luckylongshot
luckylongshot's picture

 This is not going to end well.

Tue, 04/01/2014 - 15:09 | 4614611 Dr. Engali
Dr. Engali's picture

Okay Putin, you're not supposed to be messing with the new world order. There will be a one world government and single currency even if we have to collapse your economy to do it. So just play nicely and we won't give you cot in Guantanamo. 

Tue, 04/01/2014 - 15:22 | 4614646 unplugged
unplugged's picture

<--  Putin

<-- Rothschild

who will win ?

Tue, 04/01/2014 - 20:46 | 4615677 naughtius maximus
naughtius maximus's picture

Can Rothchild ride a bear shark hybrid?

Tue, 04/01/2014 - 15:33 | 4614701 agstacks
agstacks's picture

Putin bare-chested on a tank is the NEW WORLD ORDER according to The Economist, lol.. 

Tue, 04/01/2014 - 15:13 | 4614621 ebworthen
ebworthen's picture

Roll the tanks Vlad!  Roll the tanks!

All the way to Brussels!

Tue, 04/01/2014 - 15:16 | 4614630 Ariadne
Ariadne's picture

This is all fake. Muppets may not be allowed to do business with Eurasia on penalty of theft, but its business as usual for the banksters. 

Tue, 04/01/2014 - 15:18 | 4614633 Caveman93
Caveman93's picture  



Tue, 04/01/2014 - 15:21 | 4614640 unplugged
unplugged's picture

petro$ death watch - could this be the trigger?   If not, then its close to the last nail in the coffin.

Tue, 04/01/2014 - 17:09 | 4615095 Son of Captain Nemo
Son of Captain Nemo's picture

Yes.  This is the precursor  to it I read yesterday. 

Thanks C for putting that Jimm Willie read out there.  This is also a good update from Silver Doctors



Tue, 04/01/2014 - 15:24 | 4614653 Son of Captain Nemo
Son of Captain Nemo's picture

A tale of two stories...  "But German Chancellor Angela Merkel’s office said Putin had personally informed her of the troop pullback in a telephone conversation on Monday, while her Foreign Minister Frank-Walter Steinmeier called the move “a small sign that the situation is becoming less tense”."...  The same Frank_Walter Steinmeier who did this???

Yeah how can you not trust a guy like that who represents thugs being appointed to positions of authority into a city they helped vandalize and destroyed to overthrow a legitimate government -then walks away from the agreement he helped negotiate by enforcing legitimacy through an "open coup"?

I hope Russia has a special gift in mind for Mr. Steinmeier and I don't think it will be a Faberge Egg!

Tue, 04/01/2014 - 15:32 | 4614697 The Chief
The Chief's picture

Steinmeier....sounds very dual citizen-ish.

Tue, 04/01/2014 - 17:11 | 4615105 trader1
trader1's picture
Personal details Born 5 January 1956 (age 58)
DetmoldWest Germany
(now Germany) Political party Social Democratic Party Alma mater University of Giessen Religion Lutheran
Tue, 04/01/2014 - 20:31 | 4615628 The Chief
The Chief's picture

Well, he should apply for the second passport (if he doesnt already have it). He'd fit right in.

Thu, 04/03/2014 - 02:19 | 4620223 trader1
trader1's picture

where would he fit in?

Tue, 04/01/2014 - 15:26 | 4614667 inky
inky's picture

Putin yawns then moves his rook.

Tue, 04/01/2014 - 15:30 | 4614671 inky
inky's picture


Tue, 04/01/2014 - 15:28 | 4614679 Schmuck Raker
Schmuck Raker's picture

Free Corzine!

Tue, 04/01/2014 - 16:01 | 4614823 HoofHearted
HoofHearted's picture

Don't you wish they would free that bastard right into the hands of Ann Barnhardt, with several of us standing around to make sure that cocksucker doesn't run from Ann? That's the kind of freeing of Jon Corzine I could handle, but we all saw his rotund self on a chaise lounge just the other day here on ZH.

Did I mention, "Fuck you, Ben Bernanke!"? 

Tue, 04/01/2014 - 15:31 | 4614692 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Why Kazakhstan of all places. It is about the gas dummies it is always about the gas.

As a reminder.

The recent 20% currency devaluation has nothing to do with suspension of production at the giant Kashagan oilfield, reports, citing the country’s Oil and Gas Minister Uzakbai Karabalin as saying.

“Kashagan couldn’t have any influence on revenues that the Government had been planning to gain from crude sales in 2014”, he said at the President’s Public Communications Service when commenting on widely spread speculations that the currency devaluation was reportedly needed to offset the lost revenues from Kashagan.

He reminded that in line with PSAs, in the first years of production the revenues are primarily harvested by developing companies so that they could recoup their investments. In this context, the share of Kazakhstan’s revenues in 2014 wouldn’t be sufficiently sizeable to have an impact on the national currency.


As of the end of 2013, according to the official statistics, the deposits kept in tenge amounted to $34.3 billion (6317 billion tenge). On the grim day of the tenge devaluation - February 11, 2014 - they were axed by $6.8 billion (1263 billion tenge).


In 2013, time deposits in tenge reached $11.3 billion (growing 5.5% in 2013) in Kazakhstan and the deposits in foreign currencies (mostly US Dollar) reached $10.7 billion (growing 31% in 2013). The growth difference is immense and it shows a huge mistrust to the national currency in Kazakhstan. Even more so, since it was happening against the background of foreign currencies deposits interest rates being lowered to 4.7-4.5% and those on tenge deposits increased to 8.3-8.1%.

On February 11, 2014, the governor of the National Bank of Kazakhstan Kairat Kelimbetov announced a one step devaluation of tenge away from the previous rate of 155 tenge per dollar to the new weighted average of 185 tenge per dollar. “The National Bank expects that the new exchange rate will be at around 185 tenge per US Dollar,” Kairat Kelimbetov said adding that the central bank will be supporting the nation currency and keeping it within the range of 182-188 tenge.


Guess who them developing companies were.... Their profits just got the Cyprus'd. Payback's a bitch.



Tue, 04/01/2014 - 15:34 | 4614707 Dewey Cheatum Howe
Dewey Cheatum Howe's picture


Kazakhstan also involved private foreign ownership in the oil sector by selling off the majority of shares of Kazakhstan's state oil company. Initially, the government created a state holding company—KazMunaiGas—to oversee oil enterprises inherited from Soviet production in the Caspian basins until foreign companies could take over. Where Azerbaijan's government strengthened SOCAR, the Kazakhstani government did not convert KazMunaiGas into a full-fledged NOC, but rather it sold off its assets to foreign companies.

In October 2008, Kazakhstan's government reached an agreement with a number of foreign companies to form the new joint operating company North Caspian Operating Company (NCOC) B.V. This consortium includes equal shares to Royal Dutch Shell, Exxon Mobil, TOTAL, ENI, Kazakhstan's KazMunaiGas, with smaller shares going to other partners such as ConocoPhillips and INPEX. NCOC became the operator of assets formerly held by Agip Kazakhstan North Caspian Operating Company NV (Agip KCO), notably the giant Kashagan field. Smaller petroleum companies have stakes in a variety of Kazakhstan's energy assets. While the NOC KazMunaiGas holds minority positions in some of these assets, Kazakhstan has the most privately-owned assets in the Caspian region.


Tue, 04/01/2014 - 16:43 | 4615000 Urban Redneck
Urban Redneck's picture

So Putin can telephone good buddy and President-for-Life Nazarbayev and ask him to order Exxon Mobil, Shell, Total, and ENI to pull their accounts with JPM and move those big unlevered dollar deposits into Sberbank, Gazprombank, or VTB unless they want their oil and gas concessions expropriated (and access to cross-border financial clearing and settlement, or lack thereof, gives Putin and Nazarbayev all the legal cover they need to make such a demand)...

JPM can't be that stupid...

Tue, 04/01/2014 - 15:42 | 4614739 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

And as a flip side to this guess who benefited by the move, why the miners in Kazakhstan specifically rare earth metal miners.

Rare earths are hard-to-find elements and minerals essential to the production of the high-tech gadgets that drive the world's economy. And Kazakhstan is soaring up the league of producers to become one of the most important rare earth suppliers in the world.


For years, China had effectively monopolized world supply producing more than 90 percent of the rare earths sold annually. But China's rapid industrial expansion and high-tech progress is now swallowing up most of that production. In July 2010, China rocked the world market by announcing it was withholding nearly three-quarters of its previously announced export quota of rare earths to meet its domestic requirements. The quota figures were slashed by 72 percent. As a result, in the second half of 2010 alone global rare earth prices soared 700 percent. Corporations such as Glencore International AG, Stans Energy Corp. and Greenland Minerals & Energy Ltd., then led the rush to prospect and open new rare earth mines, or reopen old ones. Prices have since dropped, however, as new supplies began to emerge.

But with the supply and production so dependent on China, the world's rare earths miners are seeking sources outside China, such as Kazakhstan. Rare earths can be produced from uranium tailings, which means countries rich in uranium, such as Kazakhstan, are the most likely places to find them. Kazakhstan is the largest uranium producer and exporter in the world, and as the globe's ninth largest country there are plenty of new places to look for rare earths.

All of this has led in the past year to major co-production agreements with leading companies in Japan, Germany and France to develop rare earths in Kazakhstan. Japanese Trade and Industry Minister Yukio Edano closed a major deal with Kazakhstan in May to build a major rare earths production factory at Stepnogorsk in northern Kazakhstan to turn out dysprosium, a vital rare earth needed to make motors for electric and hybrid vehicles among other uses


Kazakhstan is likely to coordinate its rare earths production with China and Russia. Kazakhstan formed a new Customs Union with Russia and Belarus in 2010. (That Customs Union is going to be a major issue with Moldova in another month or 2 come election and referendum time there) And Kazakhstan looks likely to coordinate its rare earth exports to the global market with Beijing. China is likely to welcome the Kazakh increase in production as a way to ease international complaints about their export cutbacks. The Kazakh move will also create a new supply that the Chinese can look to in the event of shortfalls in their own production.





Wed, 04/02/2014 - 02:18 | 4616300 francis.sawyer001
francis.sawyer001's picture

Kazahkstan has MORE Oil than Libya, and Libya has the best jet fuel on earth.


The MH-370 was taken to KAZAHKSTAN to engineer a WAR there, its the real target, more so than Syria or Ukraine.

The USA/CHINESE (ZIO-led) versus the Russians, at least that was the plan.

Like all good plans shit happens.

If the Chinese find out who in the MSS ( chinese mossad ) are involved in this ZIO-OP, they will be taken out and executed and plane recovered.


Tue, 04/01/2014 - 15:32 | 4614698 Rising Sun
Rising Sun's picture



Putin is fucked.


The only problem is Putin has nothing to lose.  Keep an eye on those nukes Barry - one of them is aimed at the WH.

Tue, 04/01/2014 - 15:33 | 4614706 CRBull
CRBull's picture

Danger, Will Robinson!  Danger...

Tue, 04/01/2014 - 15:35 | 4614712 Spungo
Spungo's picture

I wonder how many Americans are sending letters to the Kremlin, begging them to nuke DC and Wall Street

Tue, 04/01/2014 - 16:34 | 4614965 NoClueSneaker
NoClueSneaker's picture

Americans like russian weapons - no need to nuke . Iskander missiles are smart enough to penetrate each bankster ass individually, without collateral damages . Barry drones 5K peasents to kill 1 Jihaddi ... that's called POTUS signature strike ....

Corzined NJ rednecks coming to Manhattan with Saigas ... soon.

Tue, 04/01/2014 - 15:38 | 4614725 marcusfenix
marcusfenix's picture

and this

Wall Street Journal

Ukraine crisis: NATO suspends cooperation with Moscow




Ukraine crisis: No sign of Russian troop pullout - Nato


it's amazing how, despite being given every opportunity to get out of this Ukrainian mess clean, Washington just continues to blindly stumble forward and provoke further escalation and tension. from the start Kerry has made it clear that there is no, zero opportunity for a diplomatic shared political solution in this situation. they have completely ignored every overture Moscow has presented in favor of a policy of " Russian capitulation to NATO is the only acceptable outcome".  they have even gone so far as to fabricate a massive Russian military build up of which even our own propaganda machine MSM finally had to acknowledge was nowhere to be found along the Russian Ukraine border.

now, they are talking about direct NATO cooperation and aid to the Ukraine which is not a NATO member while suspending all cooperation with Russia.

in essence they are attempting to put NATO forces right on Russia's front door.

this is not just the blind, arrogant, greedy and myopic stupidity from DC to which we all have become accustom.

this is lunacy, this is what will get hundreds of millions of people, including some of us who post right on ZH killed. 

Moscow can not and will not accept NATO on their door step and it appears Washington will accept nothing less no matter what the risks.

hedge accordingly.       

Tue, 04/01/2014 - 16:37 | 4614977 Volkodav
Volkodav's picture

What cooperation?

Tue, 04/01/2014 - 16:57 | 4615064 unplugged
unplugged's picture

"Washington just continues to blindly stumble forward and provoke "

Nothing blind about it - this is DC's plan - poke bear in eye - make him attack - then counterattack making it look like you are just defending yourself

Tue, 04/01/2014 - 15:42 | 4614741 Joe A
Joe A's picture

The West just can't wait to fall on its own sword it seems. Russia will move closer to China, India and other BRICS and will accept anything but dollars for its oil and gas. They will also accept silver, potentially driving the price of silver up and creating a big mess for JPM.

Wed, 04/02/2014 - 06:30 | 4616492 Lore
Lore's picture

JPM BAIL-IN, bitchez.  Silver buyers will be construed as collaborators with the enema.

Tue, 04/01/2014 - 15:50 | 4614748 Hannibal
Hannibal's picture

Creativity kicks in when all options have been exhausted.

The Ruskies will find a way and "check" the WallStreet criminals.

Tue, 04/01/2014 - 15:49 | 4614777 icanhasbailout
icanhasbailout's picture

What's the actual effect here other than JPM losing business to a less-Fascist competitor?

Tue, 04/01/2014 - 15:53 | 4614792 realWhiteNight123129
realWhiteNight123129's picture

Funny, it looks like the US does not understand that the only thing that keeps the dollar is that the foreigners keep using it. In fact the US central planners want apparently foreigners to drop the dollar as a mean of circulation. Hara Kiri!!!! Or maybe Jammie Dimon is secretly short the treasuries with a huge vault of Gold. Would not be surprising.


Tue, 04/01/2014 - 16:25 | 4614919 yogibear
yogibear's picture

Rush of dollars inward, anything imported becomes expensive,

How long can the Fed and government hide huge increases in prices before people in the US go hungary? Food stamps won't cut it when prices increase weekly.

Tue, 04/01/2014 - 16:26 | 4614901 yogibear
yogibear's picture

Time for the BRICs to not accept US dollars as currency anymore.

Cut Europe off of energy unless they align.

It will take time for the west to adjust. In the meantime all the BRICs get closer. The US Dollar falls because payment is no longer accepted in US dollars.

Real a nasty currency war can prevail.

Tue, 04/01/2014 - 21:23 | 4615775 sethstorm
sethstorm's picture

Then the BRICs will find that the world around them is a no-go zone, where dollars & euros are accepted or the proverbial else.


Tue, 04/01/2014 - 16:39 | 4614982 no1wonder
no1wonder's picture

Here's how Putin plays at the Black Sea with the little puppies that sheltered under NATO's duvet.


Bulgarian President Rosen Plevneliev suggested that Russia was intentionally provoking extraordinary flights of Bulgarian fighters. 

“Who has interest in extraordinary flights of Bulgaria's fighter planes - maybe to exhaust their technical capabilities, maybe to require maintenance sooner, maybe to exhaust the resources of the Bulgarian army,” Plevneliev said on Tuesday regarding the increased number of flights of Bulgarian fighter planes.  In the past several months the Bulgarian air force, consisting of Russian MiG 29 fighters, made more flights than in the previous 20 years altogether.

“If in previous years there were two-three flights per year, now there are two-three flights per week,” Plevneliev sad. “Now, every time the NATO airspace over the Black Sea is violated, take off two Bulgarian, two Romanian and two Turkish fighters, all because of one Russian plane. This is inefficient.”

According to Defence Minister Angel Naidenov the extraordinary flights were caused by Russian fighters and transport planes flying near the edge of NATO's airspace over the Black Sea.

Tue, 04/01/2014 - 16:58 | 4615067 yogibear
yogibear's picture

Putin and his staff are very intelligent. Unlike the reckless people in the government and at the fed.

Obama and the Fed have created a vulnerable currency backed by nothing. 

Tue, 04/01/2014 - 17:19 | 4615122 Joe Tierney
Joe Tierney's picture

Russia promises retaliation for the blocked funds transfer:


Tue, 04/01/2014 - 17:23 | 4615133 Carl Popper
Carl Popper's picture

If our government really wanted to harm Russian long term interests and further American interests at the same time they should work tobget russia even more dependent on the dollar.

I really do think the inmates are running the asylum now.

Tue, 04/01/2014 - 17:38 | 4615176 BigRedRider
BigRedRider's picture

Any minute now Obama will hold a newsy on how he unilaterally and boldly clamped down on the big bad Russian bear and proclaim "Mission Accomplished". 

Tue, 04/01/2014 - 17:47 | 4615205 Joe Tierney
Joe Tierney's picture

Yeah, while he poses for the cameras with his head in the Bear's growling mouth.

Tue, 04/01/2014 - 18:38 | 4615317 Youri Carma
Youri Carma's picture

Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?
30 March 2014, by Umberto Pascali (Global Research)

Russia “forced” by the sanctions to create a currency system which is independent from the US dollar.   

Russia announces that it will sell (and buy) products and commodities – including oil – in rubles rather than in dollars.

Tue, 04/01/2014 - 19:23 | 4615419 Herdee
Herdee's picture

I could actually see the day soon when SWIFT,Visa,MasterCard & American Express are all locked out of the BRIC countries which will develop a competing system which doesn't rip-off its merchants.

Tue, 04/01/2014 - 21:20 | 4615768 sethstorm
sethstorm's picture

That's when it'll be open season on BRICs everywhere they go.

Tue, 04/01/2014 - 19:25 | 4615430 divide_by_zero
divide_by_zero's picture

Bankers dying of self-inflicted gunshot wounds to the back of the head maybe next?

Tue, 04/01/2014 - 20:05 | 4615511 earleflorida
earleflorida's picture

Looking back at WWII and V-J day so long ago in 1945... I can't help but make some comparisons regarding the former Soviet Union (USSR) involving Stalin and his Foreign Minister Molotov, which were behind Churchill's condescending-derogatory statement labelling the USSR the 'Iron Curtain', and the USA's Kennan's Containment Policy married to the Marshall Plan' simultaneously in time, justifiably the birth of a East-West Cold War!?! 

Stalin and Molotov (Soviet Union) were against the UK/USA efforts to achieve world peace after the war. The longer peace settlements were postponed, the longer Russia legally occupied, and remained in enemy countries. This meant they maintained a large presence in satellite countries, such as Finland, Poland, Czechoslovakia, Hungary, Romania, Bulgaria, and tried but failed to occupy Austria.

The communist parties were gaining acceptance in Italy and France... not to mention a presence in China's civil war helping Mao win, with Korea also in their grasp?

Greece and Turkey were turning communist, even though Turkey had been neutral during the war. They were broke and Russia promising financial assistance to Greece as a foothold in the Middle East. The USSR's wanted Turkey badly as well-- a springboard to the Eastern Mediterranean. This is where the tires meet the road, so to say? Period! 

Now that I've shown what seems to have been what's got us to where we are today regarding 'Sanction & Containment', there is that small historical fact of the very break-up of this long villified, and rightly-so... mighty USSR Empire in 1991! Gone is Stalin's USSR and Molotov's demonic and bellicose arrogance! And, in is Mr[Cool Hand Luke] Putin and Sir Lavrov [Sundance Kid]. Just about the complete opposite of USSR 1945/1991 leadership! Quite!!!

Putin and Lavrov are quite-right, what the USSA wanted from the 'get-go', but somehow they're not satisfied, and happy with the Russian's today. Afterall, when having had the world by the balls since the Cold-War was mothballed some twenty-three years ago and being able to bully the world into a 'democratic-despotic-authoritarian-statist-fascist mode' on the pretext that freedom is not free, and only our view of the world is the almighty's word?

Things have changed since the USSA got 'Snowden'd', Syrius'd, and Crimean`cream'd in a fight for a right, regarding democracy minus the puppetry!

The USSA should be ashamed of it's foreign policy in the last twenty-three years... awfully ashamed! There is a litany of war crimes we've commited and terrible surpression of human rights we have subjugated the weak sisters under our Imperialist Jackboots upon every continent!

Ref:      (Kennan's 'Long Telegram' Top Secret)         {(Marshall Plan or the 'European Recovery Program [ERP])(BTW: If we didn't pass the bail-out, America would have gone into another depression once Europe failed? So the argument goes!?!)}

Stalin's Main Man--

thankyou Tyler


Tue, 04/01/2014 - 20:24 | 4615578 Gadfly
Gadfly's picture

You know things are FUBAR when you're rooting for Russia against your own country -- because the actions of our own government are so greedy, pigish, outrageous, and criminal... and you're secretly hoping someone, somewhere, somehow will put a stop to it.

Wed, 04/02/2014 - 02:08 | 4616284 francis.sawyer001
francis.sawyer001's picture

It's funny that someone can even say "MY COUNTRY", ... do Palestinians talk that way? My COUNTRY? FUCK NO

They call Palestine the "OCCUPIED TERRITORY"


When bot's on ZH have the balls to say "I root for Russia, cuz I respect the leaders of the NON-OCCUPIED territory's", then you have something.

PUTIN doesn't want to be an OCCUPIED COUNTRY.


My ameriKKKa was ass fucked over 60+ years ago, by the occupiers.


Wed, 04/02/2014 - 00:29 | 4616181 franciscopendergrass
franciscopendergrass's picture

Is this the greatest example of butthurt on the planet?

Wed, 04/02/2014 - 02:05 | 4616282 francis.sawyer001
francis.sawyer001's picture

Cyprus screws russians now JPM

JPM must be so loaded with worthless FED-FIAT that it doesn't even care to try to keep Eastern European customers.

Certainly this is a major sign for a a RUN on ALL JPM holdings worldwide, ...


Kazahkstan is HOT, recall that's where the CIA sent MH-370, before/after diego-garcia,

Also Kazahkstan is the re-insurer for the airplane as well.

Kazahk has MORE oil than LIBYA, ...

What was HOT, about to go HOTTER.

Wed, 04/02/2014 - 07:50 | 4616560 Youri Carma
Youri Carma's picture
Russia says JPMorgan 'illegally' blocked embassy money transfer
Wed, 04/02/2014 - 14:25 | 4618095 BanksterSlayer
BanksterSlayer's picture

Is this why Jamie Dimon issued his own presidential executive order and stopped the money transfer from Russia's embassy in Kazakhstan? I guess we'll have to wait for another "leaked" phone call from Victoria Nuland to see if this guy Masimov was Jamie's -- er I mean Obama's -- puppet choice for new leader of this oil-rich country:


"The prime minister of Kazakhstan unexpectedly announced his resignation Wednesday and was swiftly replaced by his influential predecessor. All three parties in the oil-rich Central Asian nation's parliament voted to approve Karim Masimov, 49, as the new head of government.... Authorities have sought to temper any consequent social discontent by taking measures to prevent price increases."

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