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Russia Holds "De-Dollarization Meeting": China, Iran Willing To Drop USD From Bilateral Trade
That Russia has been pushing for trade arrangements that minimize the participation (and influence) of the US dollar ever since the onset of the Ukraine crisis (and before) is no secret: this has been covered extensively on these pages before (see Gazprom Prepares "Symbolic" Bond Issue In Chinese Yuan; Petrodollar Alert: Putin Prepares To Announce "Holy Grail" Gas Deal With China; Russia And China About To Sign "Holy Grail" Gas Deal; 40 Central Banks Are Betting This Will Be The Next Reserve Currency; From the Petrodollar to the Gas-o-yuan and so on).
But until now much of this was in the realm of hearsay and general wishful thinking. After all, surely it is "ridiculous" that a country can seriously contemplate to exist outside the ideological and religious confines of the Petrodollar... because if one can do it, all can do it, and next thing you know the US has hyperinflation, social collapse, civil war and all those other features prominently featured in other socialist banana republics like Venezuela which alas do not have a global reserve currency to kick around.
Or so the Keynesian economists, aka tenured priests of said Petrodollar religion, would demand that the world believe.
However, as much as it may trouble the statists to read, Russia is actively pushing on with plans to put the US dollar in the rearview mirror and replace it with a dollar-free system. Or, as it is called in Russia, a "de-dollarized" world.
Voice of Russia reports citing Russian press sources that the country's Ministry of Finance is ready to greenlight a plan to radically increase the role of the Russian ruble in export operations while reducing the share of dollar-denominated transactions. Governmental sources believe that the Russian banking sector is "ready to handle the increased number of ruble-denominated transactions".
According to the Prime news agency, on April 24th the government organized a special meeting dedicated to finding a solution for getting rid of the US dollar in Russian export operations. Top level experts from the energy sector, banks and governmental agencies were summoned and a number of measures were proposed as a response for American sanctions against Russia.
Well, if the west wanted Russia's response to ever escalating sanctions against the country, it is about to get it.
The "de-dollarization meeting” was chaired by First Deputy Prime Minister of the Russian Federation Igor Shuvalov, proving that Moscow is very serious in its intention to stop using the dollar. A subsequent meeting was chaired by Deputy Finance Minister Alexey Moiseev who later told the Rossia 24 channel that "the amount of ruble-denominated contracts will be increased”, adding that none of the polled experts and bank representatives found any problems with the government's plan to increase the share of ruble payments.
For the benefit of our Russian-speaking readers, the interview with Moiseev is below and the transcript can be found here:
Further, if you thought that only Obama can reign supreme by executive order alone, you were wrong - the Russians can do it just as effectively. Enter the "currency switch executive order":
It is interesting that in his interview, Moiseev mentioned a legal mechanism that can be described as "currency switch executive order”, telling that the government has the legal power to force Russian companies to trade a percentage of certain goods in rubles. Referring to the case when this level may be set to 100%, the Russian official said that "it's an extreme option and it is hard for me to tell right now how the government will use these powers".
Well, as long as the options exists.
But more importantly, none of what Russia is contemplating would have any practical chance of implementation if it weren't for other nations who would engage in USD-free bilateral trade relations. Such countries, however, do exist and it should come as a surprise to nobody that the two which have already stepped up are none other than China and Iran.
Of course, the success of Moscow's campaign to switch its trading to rubles or other regional currencies will depend on the willingness of its trading partners to get rid of the dollar. Sources cited by Politonline.ru mentioned two countries who would be willing to support Russia: Iran and China. Given that Vladimir Putin will visit Beijing on May 20, it can be speculated that the gas and oil contracts that are going to be signed between Russia and China will be denominated in rubles and yuan, not dollars.
In other words, in one week's time look for not only the announcement of the Russia-China "holy grail" gas agreement described previously here, but its financial terms, which now appears virtually certain will be settled exclusively in RUB and CNY. Not USD.
And as we have explained repeatedly in the past, the further the west antagonizes Russia, and the more economic sanctions it lobs at it, the more Russia will be forced away from a USD-denominated trading system and into one which faces China and India. Which is why next week's announcement, as groundbreaking as it most certainly will be, is just the beginning.
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Chart pr0n?
'Cause, I don't think this is as true as it might appear, even in the charts. No sir, I don't.
And no, it's not becasue I like Russia, it's because I think the US is deluding itself. Gasp.
Why don't we judo this move and take the opportunity to have the US government start issuing its own currency - US notes - rather than relying on the Fed Reserve Notes - which doesn't seem to have... any... Constitutional basis at all.
Let's make some fucking lemons, people!
What difference would it make? Backed by what...full faith and credit? That's so 1787.
Pretty much what I'd been redicting for several years now. Basically that the Fed becomes a black hole and sucks up all the debt that it's holding (yes, the bankers finally do their part- be patient!). The Big Realignment will provide cover for the US to default on its foreign debts: not sure how they'll be handled with Japan and GB).
Wipe out the debts. Trade collapses. What's left? A TON of resources, though finite and exhaustable, is better than zero/little resources (like so many others: Europe, Japan and Australia).
Dollars? Who needs dollars when we have Belgium?
Waffles?
Hell, the Belgians don't even have Belgium!
http://youtu.be/A-c4XnlVlqU?t=24s
Time to buy silver, gold bullion and put your head between your knees and pray.
the GoldCartel's game is over.
and the US is seriously, seriously screwed.
Sitting still and praying wastes valuable time... I'm busy setting up for pigs and broilers. Folks around me still taking USD so I continue to pick up things here and there... (I've got one of the most eclectic shopping lists you could find)
i love the interviewer wearing two balls around her neck. so suggestive. perfect.
a way past the dollar...without war....
Currency is never more than a medium of exchange, a way of keeping track of debt until settlement.
We have been engaged in a 40 year experiment in which a mere medium of exchange has been used as a store of value by central banks.
This experiment is ending. It will end as it has not worked. If all parties play fair it can happen without war. The USA can compete in the world marketplace, we have the people and skills. We will need to regenerate our industry and get rid of all the 'finance' that currently helps us balance trade (well helps but not enough). It will take time and will be painful but it is what must happen. If the American leaders are typical politicians they will fight the tide but no one can halt this coming change.
...oh...buy gold...
"The USA can compete in the world marketplace, we have the people and skills."
Ya? http://youtu.be/Pt13OAYXhPU
You can hunt down all the fat-fucks at every Wal-Mart and sell their processed body fat as land-whale oil for Nyoo-S-A oil-lamps and as Genuine FightClub(tm) Soap!
That's easy to replicate, on LSD... or so I've heard...
But, yeah, I agree with your cynicism here. "Competing" will necessitate drastically dropping wages, and when everyone is underwater and massively in debt I'm not seeing how they're going to feel real inspired to work 20hrs a day so that they can watch others buy iShit (a turnaround for sure).
"winter is coming" (Gazprom's new tag line)
"free shit is coming"
democraps 2014 re-election slogan
He is be making his list,
He is be checkings it twice
He knows who be pay and who be customer in debt
Gazpromclaus is be come to your town!
But... can you hold this tune until Boris shows up?
This is what I see as the Move the EastBloc Nations, or those I refer to as the BRIC & BRICets (BRICets=in total over 100 Nations, and the reference of EastBloc is not Geographical, since most all Latin America is included, minus Colombia of course.
All the EastBloc nations would simultaneously, same day, same time, Hard Peg to China's Yuan, and China would ReValue the Yuan to 2 to $1/USD
positive for both The People and Nations making this move in Purchasing Power, think about commodities, takes gold over $10K and silver over $500
For most of its early history, the RMB pegged to the U.S. dollar at 2.46 yuan per USD (note: during the 1970s, it was appreciated until it reached 1.50 yuan per USD in 1980).
Given the choice between Fed or Mao paper, I take the Euro. Thank you.
Fuck all that noise.
I'll take pussy, gold, silver and bullets...
I might trade a can of meat for some pussy.
They have to show me what they got first.
"Latin America is included"
Eventually regionalism wins out, in which case alignment with trade partners way the heck "over there" is going to be a bit tricky, especially in an energy-declining world.
Clearly the US fucked itself by constantly stiring up trouble there. It could have ended up being a pretty good trade alignment within the Americas.
Anyone have any thoughts on Australia and Japan? My crystal ball just doesn't focus on these ones... (island countries are kind of fucked)
If this flies, its poison to Oligarchy eyes...lies, damn lies and petrodollar lies... will soon be visible from Montezuma's Halls to the shores of Tripoli.
Ukraine will look, under Kagan/Wolfowitz doctrine, like aborted new operation Barbarossa used to project NATO's ephermeral conquest of East Europe. And Syria, the Sterile quest for a US MAGINOT LINE, to ring fence PAX AMericana ME surrogate kingdoms.
If the BRICS bring off this heist of century they will sing : "Take down your petrodollar wall Mr Potus. Its the end of your financialista dictat of US Oligarchy led world."
The NSA loses it comparative advantage of ring fencing the Internet users of all continents.
When Oligarchs fall out, then lies and imperial cries resound like Sarajevo's ghosts from last century.
No empire dies without a fight to bitter end. That's unfortunately History's lesson; and Gorbatchev's surrender to West is now appearing like a sleight of hand--Mikhail Kutuzov tactics after Borodino and Moscow burning-- that Old Mother Russia plays on the western world.
Moscow never surrenders to invading armies. Wow, shades of an iconic image from War and Peace.
Are we now heading for the Berezina?
You have a way with words. Mark Twain was a piker.
Cue FLOTUS (long, sad face)...#BringBackOurPetroDollar
I don't think that anyone has to ask anything. I think that this thing is pretty much auto-piloted.
Empires collapse. All their elements of control goes away: leaving only some internal capabilities, until those too eventually faulter.
Breaking down the BRICS though, like I've been saying for years, there's really only one solid piece there, and I think that we know which one that is. Not to say that this won't be a further tightening of their alignment. It's just that all wagon trains are being circled by entropy and no "winner" comes out alive.
"No empire dies without a fight to bitter end."
Britain didn't fight to the bitter end, it bascially handed over the reigns to the US. This is actually one of the rare times in which an empire took another door out. For the US there is really no one else to pass to.
I've made a case for the US taking advantage of all of this as a way to default on its debts. I really think that this is the best deal that it has available to it. I don't think that Russia and China want this, but I think that at the end of the day they too are going to have to swallow it so that they can finally shake of US world dominance.
I've got a pen and a phone. Both of them fit in my ass at the same time. I've checked.
Room for a billion dolla ROTFLcopter up there?
Ha ha, the US Global Bully got someone to stand up to their idiocy and evilness
In regards to the status quo, wouldn't this be, like, a betrayal of Karma for Russia? Aren't they supposed to sit around and be policeman of Eurasia while China steadily increases the dosage of devaluation of the dollar? We still have some value left over from the 80's...
I seem to recall some US higher-ups (military?) mentioning that China should step up on policing (not sure that the word/term/phrase used was) seeing as it was benefitting from the US maintaining trade routes.
Not sure how Russia or China is going to fare here (perhaps the US starts tossing more money Al Qaeda's way?), but for sure they're going to have to be spending a bit more money and energy doing so.
How odd Twitter is down now....how odd.
Unbelievable. The US paid for most of the $100 Billion it took to construct the space sation after the collapse of the Soviet Union.
After Obama cut the Space Shuttle program the US was left with no manned flight program and became reliant on Russia.
Obama: stupidist president ever.
http://www.telegraph.co.uk/news/worldnews/europe/russia/10828964/Russia-...
Correction: The USA borrowed and is still borrowing money from China and other fools to pay for the Spacesation. The USA has been a big-time debtor nation (i.e. moocher) pretty much since the 80's when Ronnie Raygun bought into the supply side Laffer Curve BS.
Guess the plans for the Saturn V were lost (along with the moon landing video). Anyone attend a Florida garage sale in the late 70s? Your country needs you to go through shit.
We've got several Saturn V's on static display; it should't be too hard to reverse engineer it. In fact, NASA's doing just that. Check this out: http://www.youtube.com/watch?v=onosefKTDJQ&t=0m28s
Impressive, eh? All the more so when one considers that the video is not of the F1 engine--it's just its fuel pump! You need that kind of power to move ~7,000 lbs of fuel and LOX per SECOND.
THIS is the F1 engine (complete with Dolby sound)! http://www.youtube.com/watch?v=d0-DEtKcsjg
That's almost as impressive as this:
http://www.youtube.com/watch?v=bt8w3qlzZhs
Everyone knows ye gots to pay the ferryman.
Go long hybrid cars. The cost of oil will go way up if the petrodollar ends. Things tend to get more expensive when you can no longer print dollar to buy things. Here's a glimpse of what to expect:
http://www.vancouvergasprices.com/
$1.40 per liter is about $5.30 per gallon.
Spungo - You are correct sir. PetroYuan will be here prior to December 2015. There are many studies including CIA ones that show what happens when inflation outstrips wages to the point where the population gets hungry and lack of meds. Americans that stay good-do-bees will eat and the rest won't. If's like a program written in Basic:
6 if america revolts goto 66
66 use EMP
big deal. it's $4.75 here in the bay area, and that's right next door to the Richmond refinery.
I've seen gasifier powered engines, wood-gas. I wonder how well this would go with a Prius to capture the energy back to the battery to boost again? Interesting thought.
Vlad is playing Russian roulette while Zero is playing Polish roulette
Confused how is the 5 billion investment neo-con tax theft for Nazi regime change ensuring Biden's son his linkedin job on Ukraine gas board of directors going to steal de-dollarized currency? How is Harry Greed's son going to get the money for for the BLS land clear solar farm? Good thing all the money is in not in dollars... No moral hazzard Project for the New American Century,Council on Foreign Relations, DNC/RNC cabal are happy happy happy.. Oh the Blackwater guys take either currency...
moral hazard moral hazard moral hazard USA USA USA USA USA USA USA USA
"The Rothschilds, and that class of money-lenders of whom they are the representatives and agents -- men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest -- stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved." by: Lysander Spooner(1808-1887) Political theorist, activist, abolitionist Source: "No Treason #6" (1870)
Welll Stanley, this is a fine mess you've gotten us into!
This is Dollar bullish. The Dollar is an expensive fiat artifact. Not everyone can afford to trade with it. Only the chosen few who are sophisticated enough to really appreciate the value of this artifact will remain.
Get your Dollars now and start collecting the bills. Each bill has its own unique serial number. If you prefer certain numbers, look on e-bay for trade or at the local elementary school yard where 8 yr olds will be trading unique $100 bills back and forth.
Prepare to bring at least a pack of gum to get Johnny excited enough and willing to let go of that $100 bill.
I'm looking forward to Vlad outing Blowjob Barry with photos he hacked outta the NSA database.
And Larry Silversteins pre 9/11 phone calls.
...and Justice Robert's blackmail threat recordings. That one will be a hoot.
Instead of these fucked up currency deals, why don't they just do global trade in gold? You don't even need to stop using fiat currency. Just do an on-the-fly calculation to see what the conversion rate should be. I'm selling something in yuan and it works out to 3.2536 ounces of gold. You're paying in rubles, so give me however many rubles it takes to buy 3.2536 ounces of gold. No US dollars needed. Even gold doesn't change hands. Simple.
Even simpler would be free floating exchange rates. We already know what these are. You can type in something like JPY/CHN in google finance to see the conversion ratio. This is how online purchases from US stores work for Canadian customers. The price will say $10 US, so the Canadian gets charged however many Canadian dollars it takes to buy 10 US dollars. Why is this so fucking complicated? Why do they need special swap deals to do basic elementary school math?
Fool, you speak of the tail as if it could wag the dog.
The math is there only because of the swaps. Without the swaps the situation goes chaotic and the ratios are not dependable. You could have variations worse than bitcoin.
The swaps, the large volume deals of trade of once currency for another, one nation's goods for another, is what sets the ratio.
When it isn't stable there is no ratio: no deal going from one to the other, except via a 3rd currency, such as US dollars.
Doing global trade in gold kind of screws it all up. They would have to revalue gold to cover all existing currency. gold suddenly goes from $1300/ozt to $60000/ozt.
Kind of a radical change...
whether russia and china trades in gold, silver, rubles, rubies or rabies, it still doesn't change the fact that yellen is one filthy, slimy, herpes infested, asshole, cock sucker, douchebag, cunt muffin that was excreted by satan himself. when this dirty bitch goes to meet her maker (satan) i'm throwing one big fucking party and shitting on her head stone
the tribe does not believe in an afterlife.
Her as well as the others are desciples of Satan anyway.
For there was a fool who thought he could take on Wall St. Putin is a wolf but Wall street has full backing of Satan itself. A hint, Satan looks a tad like Al Pacino. Sorry Putin, China and Ayatolah you are no match for Al Pacino and crew.
Unique match up in history. A Christian country, a godless country, and a muslim country ally to fight Satan in NYC.
One heck of sequel for Al Pacino.
Russia has always been solidly Christian.
i've seen menstrual chunks and cum bubbles that are more appealing than that fucking rotten roach yellen
This is the moment we all knew was coming, and I'm always reminded on these occasions of the funniest Oh Shit in cinamatic history, Commander Data's uttered upon the imminent crashing of the Enterprise onto a planetary surface. Exactly so goes the USS Dollar.
And all the U.S. has to do is follow Russia's example, "take notes" find the discipline and this could all be fixed... Painful in transition of course to be competitive in a multipolar world but nevertheless fixed.
Only way it will happen is if the States secede! Now what was that I just was saying about discipline?...
sooooo, does that mean Dow going to 50,000? Bullish.
yes, and gold gets crushed too
On average since opening, the NYSE has added an order of magnitude to its price level every forty years.
you do the math.
By the end of this century, the Dow will be in the hundreds of thousands, probably around seven hundred thousand, at least.
The people that think globalism is a zero-sum game, like the writer of this article, simply do not understand what is going on.
I think you don't understand: the 1930 to 1970 Dow rise is a fraud:
#1 it requires removal of companies from the index which perform poorly, rather than following the same companies. Some of them folded. That's like you fucking up all the time and only counting your 10-best of anything you do. It's a fake picture. It measures nothing.
#2 the big boost came from WW2 and this required other continents be smashed while North America be safe. That era is over: now everyone important has nuclear weapons this situation never can repeat. All die all at once or all flounder all at ounce or all act indepedantly to slowly build what's needed into a real economy.
CTRL F4
By far, the most important outcome of the destruction of the dollar as the world's reserve currency is that Putin will destroy the public myth of the well-endowed all-conquering Black Man that has been promulgated for the last couple of decades by the West's MSM.
When the dollar crashes, the most powerful (half) Black Man in human history, Obama, will be utterly humilated on the world stage by an old, short, balding, mousey-looking, small-peckered white dude named Vladimir. Most of the Obama-infatuated white women will then come back home to daddy, perhaps even some of the hot German and Scandinavian Supermodels (although they really do like 'em big and Black).
reggie love got obozo's back.
cuz once you go whack, you don't go back
that's pretty much the least important "outcome" and it isn't even an outcome because Obama like Bush before him and Hitlery/Rand to follow are merely puppets.
Your true president, dictator, overlord, is Goldman Sachs, JP Morgan and Sauron.
Thank you Michael Sam.
The Petro$ is like Wile E. Coyote over the cliff--all's fine until it, they, look down.
When leadership and responsibility are abused then the consequences must be dealt with.
the very notion of leadership, at all times, is irresponsible.
Dear Leaders Fundamental transformation is nearly complete.
A better title would be "China holds massive Russia stroke session", they love their $600B a year US trade deficit, they dump the dollar and eat mega-shit head-on-a-stick collapse, right now China gets free oil, China is in a fiat printing cartel, their liabilities are larger than ours.
Imagine the political effect of 500,000,000 people suddenly unemployed and realizing their bosses/govt invested all their life savings in US immigrant loan fraud.
....and all their domestic collateral is actually all owned by foreign corporations, but not the prolific permanent pollution.
China will tell the Russians whatever they want to hear, just like with the Americans.
HUGE dollar rally to follow, flight to insanity.
Paging Henry Kissinger, please pick up the nearest white courtesy phone. This is a emerency.
/sarc
It's still hard for me to believe that President Obama that is the head of The Democratic Party in The United States could be led down the garden path,so to speak and completely misguided on world affairs such as the Ukrainian crisis.There obviously was a big geo-political mistake made within the Democratic Administration when they kept on all the right wing neo-cons that catered to Dick Cheney in various Government Departments.God,it's almost unbelievable how stupid these people are when talking at the Russians.They're very ignorant of historical events and the economic laws they're passing very hastily.The economic decisions taken against Russia are very poorly thought out in regards to the new EurAsia Trade Pact.We're talking half the world's population in new Asian trade agreements bipassing the U.S. PetroDollar system.It's shocking that there is no long term planning in neo-con land except to deceive a President that also happens to belong to The Masonic Lodge.I would have thought that he was a lot smarter Mason but now I'm looking at Obama as a stupid,rash minded fool that's been misguided.
Follow the yellow brick road.
I think it's "Follow the Hershey Highway."
Heresy Highway ....
Ah, the Godless meanderings of lost souls, stripped of their very humanity by simple narcissistic egocentricity
The Democrats are also neocons! Hillary is a neocon.
Oh, she will bomb the fuck out-a Millions of innocents to be Heralded as Queen
What really mystifies me (well, not really) is the amazing blindness of so many of the uber-liberals to the solid evidence of the evils perpetrated by their very own heroes. Where is the outrage?
A fellow who only worked as a "community organizer", never held a real job, self-described ideologue, an extreme socialist, scornful of the Constitution (stated before being elected), sat under the racist rants of Rev. Wright for 20-odd years, etc, etc.
Yet you are assured of his brilliance, because - his elocution is good in front of a teleprompter, perhaps?
Misled, eh? That's a laugher. He's ONE OF THEM. Always has been. They're not all billionaires giving interviews to the financial media and whoring it up on Wall Street. If you wanted a politician to do what you wanted, where would you find such a politician? You wouldn't. You would invite a young one into your fold, complete with all the benefits and let them become one with you. Just like they do with all the young banksters, corporate execs, bureaucrats and others. You can't tell obama from the real thing - because he IS the real thing.
Wow, you still buy into that "party" business? The USA is run by the Pentagon & Goldman Sachs.
You still don't understand that US Presidents are puppets with no power, no decisions and are assassinated if they fail to follow instructions to the letter by their real masters?
Wow, are you like 15?
The US dollar will get stronger over the next decade, not weaker -- unfortunately, since a stronger dollar will hamper recovery.
Closing an oil deal in rubles or renminbi is just propaganda. It doens't matter. What do you think they're going to do, hold each other's currencies? lol. Please. They're going to buy dollars. Nobody in their right mind would hold rubles or renminbi given the recent history of those currencies. You may as well hold dongs or Bolivian fuertes.
For some reason, the trading of public insults continues to impress the minions... meanwhile, it's all theater. Business will continue as usual. And there will never be another global world war, because we are in a nuclear age, and despite what they tell you about nukes, they have actually served as a great deterrent over the last sixty years.
As long as the U.S. has 80% of the world's naval tonnage and comprises 40% of global military spending, the dollar is under no threat at all.
Uh, dude, they have 80% of the GOLD.
What? Why? I won't buy dollars, why would they? Dollars have no purpose but to buy AMERICAN things priced in dollars.
What's not from American has zero need to be priced in dollars and has for the last few decades been priced that way only out of spiteful mass-murder using drones or covert military units.
Assassinations: use our dollar or we kill your children.
But now it's come back around the other way: kill our children and we kill your economy, supply lines and trading.
And it's working.
10 years from now US dollars and bitcoins will both be items of history, not legal/able to be used whatsoever.
As for global war: you won't so easily figure out who puts a bio-weapon into the air, a virus into the water supply. It can incubate, spread & kill faster than your labs, any labs, can figure it out to nuke someone in return.
By then it's far, far too late.
We're far beyond the nuclear age now, 50's caveman, this is the age of nano-machines & engineered viruses.
You rang?
STJ speeks the truth, most here speak with forked tounge. The Russians need Crimeria, they dont need the hassles of another area that has no value to them.(at least compared to Crimeria.
For some reason people here like to suk putins cock............ WHY. It is weird..... The guy is a prick, remember when he stole the superbowl ring.? And walked away with the 30 k ring.....
The dude is a crook, obviously usses his position of power to fuk with people all over the world. However the dude will die someday and when he does, then it is back to the stone age again for the poor common gy that is just trying to get along in this world.
And now you know why Ukraine.
Like the guy told Kyle Bass: "We're going to kill the dollar."
And now they have the perfect Cover.
Stack on.
Who needs a currency when we have kissing football players?
It was (is) a great propaganda distraction, though.
Yes.
propaganda... media... eddie bernays... perceptions management...
A new Scheiß dollar on it's way ...
BRICS countries to set up their own IMF
14 April 2014, by Olga Samofalova - Vzglyad (Russia Beyond The Headlines)
http://rbth.com/business/2014/04/14/brics_countries_to_set_up_their_own_...
IMF Members Weigh Options to Sidestep U.S. Congress on Overhaul - Frustrated With Inaction, Some Members Want U.S. to Lose Its Veto Power on Executive Board
14 April 2014, by Ian Talley - Washington (Wall Street Journal)
http://online.wsj.com/news/articles/SB1000142405270230388780457950125234...
The US is stabbing itself to death by its own hand. It is its worst enemy.
The EU has fallen into a trap set for it by the US to keep it as its vassal.
I see no further reason to defend Western civilization since it is racing with all its energy toward economic, social, and political catastrophe.
Yeah, but are we going to let another country define America for us? I doubt it. At some point, we'll dispense with our "leaders" and then go to bat against the outside.
well... this could actually be somewhat interesting.
Anyone want to guess how much time Russian media devotes to men taking it in the ass?
Who has the most heavily leveraged bundled FOREX etf's for sale?
OK, this is BIG news.
But, I have spent a few moments scanning the "MSM."
NO stories I can find on this.
I suppose I should not be surprised.
Too bad there is not an English/Spanish/French translation of that Russian dude's interview. I could read one of those. Rats.
(edit)
I did find this on RT:
http://rt.com/business/158396-gasprom-russia-china-cnpc/
FYI if you call up the transcript link in Google it translates it for you a bit funny but you get the drift, cheers silvertri
Gracias, amigo.
OPEC does not care, i dont care
.
Russia is a superpower ok
Something to ponder?
Edgar ( TIME/ Life Magazine[s]/ Publications ) Snow, the famous journalist in China throughout the 40's,50's and 60's brought to the world's attention, the rising, soon-to-be powerhouse in all of Asia-- the PRC and its seemingly stoic leader, Mao Zedong of communist China. Mao invited Snow to China in 1970 to privated ask Nixon to visit him in China. Nixon was elected as a commi-buster, btw?
Nixon excepts the invite and plans are set for early (the first ever visit to China by a US President) 1972. But, before going to China he takes care of some carefully orchestrated paperwork?
The 'Nixon Shock'! Surprise!?! No moar Bretton-Woods or 'Gold Standard',... just the good faith of the USA fiat ( http://en.wikipedia.org/wiki/Nixon_Shock ) paper currency was to suffice! Coincidentally, this occured six-months before the trip to China on Aug.8,1971.
Nixon goes to China on Feb.21, 1972 ( http://en.wikipedia.org/wiki/1972_Nixon_visit_to_China )-- again, as I've mentioned previously... Pakistan played a key role in this visit via secret meeting with commi-Kissinger? While in China,... Shanghai was brimming from ear-to-ear with market exuberance.
Sadly, Taiwan (ROC) got sold out for ( http://www.history.com/this-day-in-history/nixon-visits-china ) peace in North Vietnam, which, btw, never came about?... because Nixon and Mao only cared about one thing-- making capitalism richer and communism stronger?
So which 'ism' is it gonna be for Russia?, once the derail'd FX trolley hits it current accounts balance/ deficit, aka. apex/nadir ( http://en.wikipedia.org/wiki/Foreign_exchange_market ) or better said... the Blue Shift/ Red Shiftwhen the 'Big Bang', goes POP!!!
JMO
thankyou Tyler
Ps. just trying desparately to tie loose ends down/together...
At least the DOT was on our side.
Ya know... that bath House Barry Obunga Soetero is no Norman Einstein...
Like I always say, you elected the fucker, now you/we have to live with the onsequences.
living with the onsequences....is that pitching or catching?
this country is soft, sick and absolutely rotten to the core. there has never been a better time for it's "taking" . surely we're being "sized-up" and the end could be swift and cruel.
i don't think Americans are intrinsically soft, sick, fat, stupid, and clueless with a bad tatude. i think a lot of planning, hard work, hard science and money went into this outcome. i think most any group of people would have turned out the same. this was a great country and i think there are still a lot of great people that will answer the call when needed.
If the initiative to speed up the move away from the dollar gets sufficient traction, then it really is adios America.
I would have assumed that Russia/China would have saved this strategy for later in this crisis.
What if your local clock is set wrong & actually it is later?
Please turn over your calendar and see what the current rules are for the date on if you are in, or not in, Doomlight Savings Time.
I wonder what the Pentagon people think who worked with Rickards on that fianance-war simulation, doing precisely this, leading to the book "Currency Wars". The main difference is they didn't think gold would be important & they didn't think Russia & China could de-throne the dollar, but far as I can tell, they didn't "deliberately" try to make them be rid of dollars.
Then again, perhaps more details about the real process & outcome were never revealed in the book.
Russia tried to create a Diamond cartel. Could not dislodge De Beers etc. China always screws up as a civilization and Iran does need the Boeng spare parts. No chance in hell Putin wins.
If you say so, sounds like you have deep connections and know where you're going.
No, just that China and Russia are more screwed up than DC. I mean Russia is an Oligarchy and China is fraudulent in accounting.
And DC is run by a bunch of honest and brilliant priests. Yeah, right! Keep drinking the koolaid.
No but dc can print dollars for Chinese t bills. Russia needs Germany to back it against dollar. Will not happen.
They drink in DC and it's not Kool Aid.
/sarc
Ohhhh! Enlight me! I thought the US was an oligarchy, and fraudulent too!
We'll without Germany no chance.
Jim willie has been on top of the dollar demise developments for months now. It's happening almost exactly as he has described it. Next comes the East Asian trace zone and the petro yuan followed by the scheist dollar.
Like this is a surprise to any of us on here...surprised it took this long though.....
Will they still recharge the EBT cards on the first of every month?
/s/
Yes, but a months worth of EBT won't but you a big mac.
well, obama doesn't believe in amerikan exceptionalism and promised to make amerika just another country among equals.
intentionally setting the stage for torpedoing the petro dollar would serve quite nicely.
i agree. the obama admin cannot be that stupid. its got to be theater.
This just means; the United States will Green Light Isreal to hit Iran very fucking hard!
Russia and China are Irans friends. I don't believe they are deeply in love with Isreal. Man I can't wait for the dollar to go bye bye.
Parth: "China always screws up as a civilization....."
Kinda funny statement, they've been around for what 5000 years or so?
Let's get this fucking party started already cause i'm so sick of this bullshit system.
Do you really think making the dollar go away is going to change anything?
Extreme wealth survives everything, and wealth inequality will also survive.
You will still be poor when they roll out whatever currency replaces the dollar.
People that think the currency matters do not understand what is going on in the world. It does not matter what the currency is, when the top 5% hold 90% of the wealth, and the top 1% own 50% of the stock market. INEQUALITY is the problem, and it doesn't matter how you denominate it. You can be sure that ineuqality will survive the apocalypse -- hell, the apocalypse of which you dream will actually make things worse for the poor and better for the rich, who will no longer be hampered by the existing constraints.
As a poker analogy, this is like Putin raising, Barry reraising all-in, Putin calling and showing a fullhouse, while Barry shows 2, 7, J, A and a potato.
Putin has no gas deal with China. He sent Rogozin there last month to negotiate it . NO ANNOUNCEMENT. OTOH China did ANNOUNCE a $3.8 billion railroad project in....Kenya. China has shale gas it can develop faster and at lower prices than Putin can deliver Russian gas. This web site is becoming detached from reality.
Shale gas is a dirty dirty dirty business with some crazy consequences. And all those resources are state-owned in China (fortunately). China's got some rather considerable untapped oil reserves as well, but it won't be tapping them anytime soon. When you are dealing with massive trade surplus, it only makes sense to buy it from allies and spread that cash around. Furthermore, every unit of imported fossil fuel you are burning, is 1 more unit of domestic that will be there later when you need it most. It's also a great excuse to increase international trade. Whinch in turn makes trade partners more reliant on you, which can be exploited.
Let´s get our realities straight. Shale gas is much more expensive to extract than conventional. That is why, although known for over 50 years, shale is only being developed now. Russia still has plenty of conventional gas, thereby easily underselling anyone relying on shale.
sangell,
This is my second reply to one of your comments tonight. Great posts. Factual and clear. I hope you will have time to respond to my comment below.
the poker analogy is a good one, and funny too.
Obama is not smart enough to play any game requiring the use of the brain. Besides, he's got to follow instructions from you know what, just like GW Bush before him.
People with real intelligence, knowledge and a backbone don't get to live in the White House. The puppeteers love dumb, malleable ones. Who would want the troubles of a Dealey Plaza op and Warren Comm cover up every couple of years?
THe powers that be, having seen no militant rebellion against the semi-illiterate borderline mental retard GW Bush for 8 years, had every incentive to install an even worse president. They have been proven right again. Obama is in his second term now.
What does it say about the caliber of the American electorate and the general populace?
creeps losers gaylords wheres your beliefs.
we beats de brits
der mexicuns
der krauts
der kong
der korry yens
doze whet backs in grenada
der iraniens we destroyed all dere choppers
iraqs and afganutstan
we always been alone
always lonesome
but we winners
dat is why we exceptonull nasion
putt in and dan showping of china are 5 feet and 2 inchs each.
we are 6 feet 2 godamit dat is 1 yard or 5 horse hands bigger dan dem little fellas dat means sumitt evens todays
wes needs to harmnish der spirits of sandy hoax and boston strung
I really wish Obama would stick that Springfield .45 to his head and threaten Putin again.
Puppets follow orders as their strings get pulled and they are only vetted after being thoroughly compromised, so that the strings hold firm. Any choice in the playcraft that Mr. O has is probably being utilized in avoiding giving more speeches based in absolute lies, as it seems Mr. Kerry is infamously doing that sort of leg work these days, but then he is, like Bush Jr before him, another member of a secret society, all of which answers to the PTB, the SG, who themselves have strings getting pulled, but then, they all do it by choice, always by choice, either based in knowledge or ignorance like most of the herd, as ignorance is never a useful excuse when everything is being considered and compiled in units of energy... either negative or positive, you can't have a decent game without boths sides of the equation.
Getting rid of the dollar is unavoidable, though the US/NATO/Sheikdom has tried to for quite some time. 'Resistance is futile' until it seems not to be, and then the damgates are thrown open and the next Flood begins.
This whole NewWorldOrder thing isn't working out so well...
(The order itself isn't anything new. It just moved its HQ to the new world.)
Right, you see because corrupt Chinese government officials, worried about Xi Jinping's crackdown and about to bankrupt Chinese tycoons are SO interested in holding roubles so they can flee to Putin's Russia. GMAFB ZeroHedge. I lost enough money listening to your fever swamp pumping of gold. Fortunately I bought in at 950 and there abouts but my mining shares are a total FUBAR.
Fool of a Took! Hold them gold shares and wait. The game is not over yet!
And you're blaming ZH for your investing woes because why? The first rule of investment is do your own goddamn homework. Shit, you might as well listen to Cramer's insanity or Vampire Squid, Inc. If you don't do your own research and make your own judgments, then your losses are your own fucking fault.