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Russia's "Holy Grail" Gas Deal With China Now "Only One Digit Away"

Tyler Durden's picture




 

We have previously profiled the "holy grail" gas deal between Russia and China on several occasions, and noted last week how it is expected to be signed this week - pending some final price negotiations. It appears that was spot on as Reuters reports, Russian state-run Gazprom said it was still "one digit" away from finalising a 30-year gas supply deal with Beijing which is expected to crown Russian President Vladimir Putin's visit to China next week. On the heels of Russia's de-dollarization meetings, the coming week appears a crucial one for the history books of the US Dollar as reserve currency (or will China leverage Russia's need to diversify from Europe and stall the deal once again?)

 

 

As we have discussed in detail, Russia has been in talks with China to supply it with 38 billion cubic metres (bcm) of gas a year for more than a decade but the deal has been postponed repeatedly over price disagreements. And as Reuters reports, last week, state China National Petroleum Corp (CNPC) said that it and Gazprom had reached an agreement to sign a contract during Putin's visit but that the two sides had yet to iron out price differences.

Gazprom chief executive Alexei Miller confirmed in an interview on state Rossiya 24 television that the talks were in the final stage and only centred around base price.

 

"There is just one question - it's ... a starting, base price in the price formula which, it's remarkable, has already been fully agreed upon with our Chinese partners," Miller told news show Vesti on Saturday with Sergey Brilev.

 

"It's a very little more - to put in only one digit, and a 30-year contract to supply 38 bcm of gas from East Siberia to China will be signed," said Miller.

The question is - of course - will the price disagreements once again spoil the party...

With tensions high with the West over Russia's role in the Ukraine crisis, Moscow is eager to divert some oil and gas from European markets, part of its wider push to Asia.

 

...

 

About 80 percent of Gazprom's revenue comes from gas sales to Europe and analysts say that failure to clinch a deal with China, the world's top energy consumer, would expose its huge reliance on Western consumers and might strengthen Beijing's bargaining positions in the months to come.

 

Miller emphasized that the contract would be signed on mutually beneficial terms, adding that the sides had also agreed to start talks on a second route for Russian gas supplies to China after the current deal is signed.

As we noted previously, quid pro quo:

"Observers expect both leaders to take a united stand on major international issues, and Putin may seek China's support on Russia's dealings with Ukraine."

And also on the dollar as we reported in "Russia Holds "De-Dollarization Meeting": China, Iran Willing To Drop USD From Bilateral Trade." In which case expect random Chinese space rockets to mysteriously explode during take off too.

 

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Sun, 05/18/2014 - 17:02 | 4771825 chunga
chunga's picture

C'mon, round it off.

Sun, 05/18/2014 - 17:56 | 4771924 ZerOhead
ZerOhead's picture

We usually just flip the coin on these kinds of impasses...

Our special coin that is.

Sun, 05/18/2014 - 18:16 | 4771982 chunga
chunga's picture

Man, how things have changed since I was a Boy Scout.

It's really hard to believe.

Sun, 05/18/2014 - 18:59 | 4772081 ZerOhead
Sun, 05/18/2014 - 19:10 | 4772110 gmrpeabody
gmrpeabody's picture

Is that the digit on the left..., or the digit on the right?

Sun, 05/18/2014 - 19:12 | 4772113 ZerOhead
ZerOhead's picture

Just so long as it's not the middle digit...

Sun, 05/18/2014 - 22:49 | 4772635 0b1knob
0b1knob's picture

Hitler-Stalin Pact Two?

Mon, 05/19/2014 - 05:34 | 4772908 ilion
ilion's picture

Strategically Putin is doing the right thing.

Sun, 05/18/2014 - 19:31 | 4772150 yrbmegr
yrbmegr's picture

The probably differ by one on the number of digits.

Sun, 05/18/2014 - 18:55 | 4772078 BrigstockBoy
BrigstockBoy's picture

Would that be the trillion dollar coin?

Sun, 05/18/2014 - 18:58 | 4772085 ZerOhead
ZerOhead's picture

You wouldn't want a 1,000 oz. two-headed platinum coin landing on your foot now would you?

Sun, 05/18/2014 - 20:42 | 4772344 grunk
grunk's picture

How do you flip a bitcoin?

Mon, 05/19/2014 - 02:48 | 4772781 svayambhu108
svayambhu108's picture

How do you flip a bitcoin without loosing it, and this is the crux of the problem, almost metaphysical, the more the abstract the less its demurrage, but the less resilient if the system is in shock, if it doesn't have some kind of intrinsec value is worthless.

 

Sun, 05/18/2014 - 21:18 | 4772440 Kirk2NCC1701
Kirk2NCC1701's picture

Which digit?

Numbers or Fingers?

Sun, 05/18/2014 - 17:09 | 4771837 Schmuck Raker
Schmuck Raker's picture

Chinese chess.

Sun, 05/18/2014 - 17:28 | 4771866 ShrNfr
ShrNfr's picture

Obama tic-tack-toe.

Sun, 05/18/2014 - 17:11 | 4771838 NuYawkFrankie
NuYawkFrankie's picture

Confucius say:

 He who has gas, has friend  He who pass gas, has no friend

Sun, 05/18/2014 - 17:18 | 4771849 Oracle 911
Oracle 911's picture

It is definitively bullish sign for US$.

Do I need the /sarc tag?

Sun, 05/18/2014 - 17:22 | 4771855 Winston Churchill
Winston Churchill's picture

If its priced in SDR's we have all been had.

Sun, 05/18/2014 - 17:30 | 4771869 fonzannoon
fonzannoon's picture

yeah what is the actual effect that will be felt from this? will it be measurable? 

Sun, 05/18/2014 - 17:33 | 4771876 Winston Churchill
Winston Churchill's picture

philosophyofmetrics.com

Sun, 05/18/2014 - 17:42 | 4771896 Al Huxley
Al Huxley's picture

I think it's a strategic hint that global support for the USD has evaporated, but short-term I doubt there's any visible impact.  Probably will see a trend of non-USD trade agreements, maybe some kind of collateral backing the settlement, and then at some point in the future the global financial system will go through another major stress event, and THAT will be the point when it becomes obvious that nobody's treated it as reserve currency anymore.

Sun, 05/18/2014 - 17:51 | 4771915 Lore
Lore's picture

Anybody who tried this before got their ass liberated.  Are the warhawks going to invade Russia next?  That would be one heckuva counter-insurgency operation. 

Seriously, the deal is done. Putin isn't flying to China just to tour the Forbidden City and pick up some cheap Rolexes.  So much of what we see today was planned many years ago. 

Sun, 05/18/2014 - 17:54 | 4771919 CheapBastard
CheapBastard's picture

Better sign. China's going to require lots of earl and gas for their military when the conflicts heat up with Vietnam and the others in SE Asia.

 

Sun, 05/18/2014 - 18:02 | 4771934 Oracle 911
Oracle 911's picture

@ Winston

SDR? It is even worst option the the US$.

Sun, 05/18/2014 - 18:07 | 4771951 Winston Churchill
Winston Churchill's picture

I agree.
Do you really think TPTB are going to let go of their power ?
It's WWIII or the SDR ,or WWIII to get to their SDR.
philosophyofmetrics.com
I hope he's wrong, but very plausible action/reaction/solution dialectic by TPTB.

Sun, 05/18/2014 - 18:28 | 4772007 fonzannoon
fonzannoon's picture

Hey Winston i just read that philosophyofmetrics oil/sdr article. it does not really explain the impact of that decision on the various markets and currencies. what's your guess as to the impact(s)?

Sun, 05/18/2014 - 18:36 | 4772031 Winston Churchill
Winston Churchill's picture

Wish I knew for sure,Fonz.
There is a nine part series inside that weblog on how the BIS
is in total control, and forcing SDR adoption.
I can foresee the USA ceasing to exist as a centralized state
as a bloody byeproduct.Secessions everywhere.
Short term panic,and hyperinflation as an alternate.
Wish could see how it plays out if Collins is correct.
I can see TPTB plan,but
The best laid plans of mice and men .....

Sun, 05/18/2014 - 18:41 | 4772039 fonzannoon
fonzannoon's picture

i hear you man thanks for the reply.

Mon, 05/19/2014 - 06:40 | 4772266 weburke
weburke's picture

.

Mon, 05/19/2014 - 02:18 | 4772823 Oracle 911
Oracle 911's picture

Well they may try force SDR on Russia, China and to the rest of the BRICS. But they wont succeed. Russia and China know TPTB which is behind the USA and IMF is they real sworn enemies.

About WWIII:

1st) If it go hot between USA and Russia/China we will see a thermonuclear war. TPTB is certainly homicidal but it is anything but suicidal.

2nd) The WWIII is already on, make no mistake, it started on Maidan. Luckylly it is mainly "just" financial, cultural and economical war. In other words war between civilization models.

Mon, 05/19/2014 - 04:08 | 4772859 Bohm Squad
Bohm Squad's picture

Collin's premise is that Russia and China are already in on it.  Russia plays the bad guy, China plays the good guy.  The good guy will guide everyone to the SDR.

Mon, 05/19/2014 - 06:29 | 4771891 negative rates
negative rates's picture

Confidence mans says, if you keep it bottled up inside you, you will eventually explode.

Sun, 05/18/2014 - 17:15 | 4771844 ebworthen
ebworthen's picture

Europe will still need the Russian gas; what's the U.S. going to do, airlift it?

Sun, 05/18/2014 - 17:25 | 4771857 Doña K
Doña K's picture

That's why they need Syrian regime change to get Saudi and Quatari gas pipelines through Syria. Granted though that it will still need to be liquified and shipped which is a lot more expensive

Sun, 05/18/2014 - 17:42 | 4771895 negative rates
negative rates's picture

Oh you can raise the money, it's no big deal.

Sun, 05/18/2014 - 17:33 | 4771874 813kml
813kml's picture

The US can just float it over in giant zeppelins.

Sun, 05/18/2014 - 19:07 | 4772106 BrosephStiglitz
BrosephStiglitz's picture

Maybe just import Condi Rice.   With the amount of hot air she blows we could employ geo-thermal and power the entire continent.

Mon, 05/19/2014 - 01:37 | 4772817 Rock On Roger
Rock On Roger's picture

You might be onto something there.

If the zepps are large enough then an umbrella effect would occur on earth,

And global warming might be slowed,

But climate change would be affected.

 

Fart On

Sun, 05/18/2014 - 20:00 | 4772215 Handful of Dust
Handful of Dust's picture

@Eb: << Europe will still need the Russian gas; what's the U.S. going to do, airlift it? >>

Barry will get Amazon to drone it to them Next Day Delivery.

Sun, 05/18/2014 - 20:23 | 4772278 CrashisOptimistic
CrashisOptimistic's picture

And that is the bottom line.

Folks here never quite grasp, and for good reason because they are always looking to make money, but they never grasp that you can't make money on scarcity.

Scarce oil drives the price to $180?  What happens.  Economic activity is smashed and the price collapses to $50.  All of a sudden you have cheap oil goosing economies.  That's just ebb and flow.

The problem arises when there isn't enough to go around, at any price.  The response time coefficient on shale oil is higher than ever in history.  You cut price, the drilling stops.  If the drilling stops, output crashes because these wells die so fast.  Drill again and in 2 months you have output again.

But there are constraints.  There is only so much pipe.  Only so much proppant.  Only so much water.  Price won't matter.  You can't drill more than what is possible.

Then you stop worrying about how to pay for it and worry about how to deny it to the guy you need to take it from.  That has nothing to do with money.

Sun, 05/18/2014 - 17:16 | 4771845 f16hoser
f16hoser's picture

Eat Shit and Die, Cheney/Kissinger...!

Sun, 05/18/2014 - 17:56 | 4771921 DaddyO
DaddyO's picture

And which one of these is Obama's special adviser and emmisary to Russia?

DaddyO

Sun, 05/18/2014 - 17:23 | 4771859 Leveraged Algorithm
Leveraged Algorithm's picture

I have gas today........

Sun, 05/18/2014 - 17:27 | 4771864 Winston Churchill
Winston Churchill's picture

Alas , the burritos last night leave me in similar straits.

Sun, 05/18/2014 - 17:31 | 4771870 Jack Burton
Jack Burton's picture

RT is going to offer live coverage of this event. It does not escape Russia how important this type of deal is to send a message to Washington that their attempts to rule the world are coming to naught. Along those lines, German corporations and some politicians are beginning to push back publicly against Washington's crusade to force Germany to scrap tens of billions in mutual trade, and the 300,000 direct jobs associated to trade with Russia. German companies are making big money and employing many 10 of thoudans of Germans at high pay servicing Russia's import economy. While Washington howles at the moon like a pack of mad dogs demanding an end to trade with Russia, Germans beg to differ. Not just that, but German media is beginning to pick up on how many Nazis are in the Kiev government, and how many armed gangs are roaming Ukraine with guns and nazi symbols. Public pressure in Germany is saying NO to America's manufactured extremist Kiev coup government. The one shelling cities in East Ukraine now, though a convy of APCs trying to capture Slavyansk was defeated and forced back by self defense forces today.

It is natural that if the EU want to lose hundreds of thousands of jobs and tens of billions in profits, China will gladly move in to fill the gap. The whole US policy smacks of a desperation and lunatic plan to force war upon Ukraine and Russia.

The nazis in Kiev today announced they plan to start a guerrilla war in East Ukraine using terror tactics to destroy the people living there who refuse to submit to Ameica's Kiev coup government.  I predict that if Kiev begins to attempt this type of conflict in the East, that the East will return this in kind. Then this spirals into a real bloodbath. Nothing could make Nuland happier, as this was her policy all along. The destroyer of nations can mark up another destroyed country and a big body count.

Nuland should be arrested for international war crimes. Her hands are dripping with blood.

Sun, 05/18/2014 - 17:55 | 4771911 ZerOhead
ZerOhead's picture

Former German Chancellor Helmut Schmidt had some things to say as well...

http://rt.com/news/schmidt-crimea-russia-germany-465/

President Vladimir Putin’s approach to the Crimean issue is “completely understandable,” Schmidt wrote in Die Zeit newspaper where he’s employed as an editor.

While the sanctions, which target individual Russian politicians and businessmen, employed by the EU and the US against Russia are “a stupid idea,” he added.

The current restrictive measures are of symbolic nature, but if more serious economic sanctions are introduced “they’ll hit the West as hard as Russia,” Schmidt warned.

He also believes that the refusal of the Western countries to cooperate with Russia in the framework of the G8 is a wrong decision.

“It would’ve been ideal to get together now. It would certainly do a lot more to promotion of peace than the threats of sanctions,” the ex-chancellor explained.

 

 I guess somebody forgot to provide him with Obama's teleprompter download...

Sun, 05/18/2014 - 18:10 | 4771960 Kaiser Sousa
Kaiser Sousa's picture

Fuck arrested...the MoneyChangers who she represents  control the Judiciary and police...

she should be shot on sight...

Sun, 05/18/2014 - 18:13 | 4771972 MillionDollarBoner_
MillionDollarBoner_'s picture

Natalia...it is you, isn't it ?:O)

Mon, 05/19/2014 - 03:29 | 4772838 intric8
intric8's picture

Neocon fools. America has power tripped itself into some real pretty shit now! If the economic loss is large enough, she will eventually go to war over some trumped up pretext. As for Nuland, i think that bitch has bitten off more than she can chew. If america can only see through the propaganda! They'd have her head on a bloody stick come tuesday

Sun, 05/18/2014 - 18:30 | 4772013 Razor_Edge
Razor_Edge's picture

Nuland is an employee of Obummers administration. That she hasn't been fired makes it clear that what she is up to is intra vires of her job spec..That makes her actions those of her immediate master, Mr Ed, and ultimately those of the puppet in chief, Obummer. They all have blood on their hands, but most especially Obummer.

Sun, 05/18/2014 - 22:28 | 4772587 Wahooo
Wahooo's picture

Apparently there are more than a few U.S. companies that are getting hurt by the sanctions and likely will be pushing back publicly on the U.S. policies once EU support starts to erode. Then obama can pack his bags and go stand behind the next red line.

Mon, 05/19/2014 - 00:31 | 4772783 thestarl
thestarl's picture

Yeah and that little slut state dept mouthpiece with all the bravery of being out of range

Mon, 05/19/2014 - 05:23 | 4772892 August
August's picture

>>>Nuland should be arrested for international war crimes.

In an ideal world, Nudelman would be arrested, tried and punished appropriately.

But here, in our imperfect wordd, I'd settle for something quicker and only a little messier.

Mon, 05/19/2014 - 05:50 | 4772919 intric8
intric8's picture

why do jews change their names to english or irish ones? Wont a good russian or polish surname do?

Sun, 05/18/2014 - 17:33 | 4771873 Kaiser Sousa
Kaiser Sousa's picture

sign the fucking deal already...every minute of delay will further embolden the sociopath MoneyChangers...

now, lets c how low the take the phony paper prices of the only 2 forms of real money before the open in London, after the open in London, on the open of the Crimex, an so on and so on......u know the drill by now...

Stackin - til i die...

Sun, 05/18/2014 - 20:26 | 4772295 CrashisOptimistic
CrashisOptimistic's picture

Be at ease.  Shouldn't be too much longer.

Mon, 05/19/2014 - 01:28 | 4772811 Rock On Roger
Rock On Roger's picture

Stack On

Sun, 05/18/2014 - 17:37 | 4771884 Monty Burns
Monty Burns's picture

Nuland should be arrested for international war crimes. Her hands are dripping with blood.

 

Amen to that, brother.

Sun, 05/18/2014 - 18:04 | 4771940 ZerOhead
ZerOhead's picture

The optics on this one are so awful you really have to wonder what her husband was thinking.

Crap... Just wait until Yatsies Nazis are unleashed like a pack of wild dogs on the civilian population. Maybe Netanyahu wanted some more immigration to Israel... other than that it makes no sense to me.

Mon, 05/19/2014 - 01:27 | 4772809 Rock On Roger
Rock On Roger's picture

Hey that's good - Yatzi's Nazis

Mon, 05/19/2014 - 05:25 | 4772896 August
August's picture

You go to war with the goons you have.

Sun, 05/18/2014 - 23:41 | 4772720 sangell
sangell's picture

You will be dripping with blood before this is over. Those who joined this website in the past year or two are the quickest go to resourse to find traitors I know of. Looking forward to seeing you again.

Sun, 05/18/2014 - 17:44 | 4771897 kchrisc
kchrisc's picture

The Petro$ just asked if that is a light or a train.

 

 

Sun, 05/18/2014 - 17:47 | 4771903 dearth vader
dearth vader's picture

Still, that last digit may be enough for the Chinese to ditch it.

Sun, 05/18/2014 - 19:50 | 4772187 F-X
F-X's picture

Yes, the Chinese are in an unbelievable negotiating position. Clearly Russia need this deal NOW much more than China does. The Chinese are going to hold out for an incredible price. 

Mon, 05/19/2014 - 05:04 | 4772884 F-X
F-X's picture

Gazprom needs $12 per million BTUs to break even,

China is paying $10 per million BTU's to Turmenistan, its  biggest supplier.

China wants the same price from Gazprom. Why should they pay more?

But if they're off by one digit, that means China has offered $11, thus paying more than currently, or Russia has gone down to $11, selling at a loss. The latter is more likely.

That other 10% is not going to be easy. 

Additional complications: China has deals with Myanmar, Qatar, Australia,Malaysia and Indonesia for much cheaper, cleaner LNG. Russia would need pipeline financing from China. Who else but China is going to take Russia's Siberian gas? 

Sun, 05/18/2014 - 18:11 | 4771955 jubber
jubber's picture

Gold and Silver open down...& DXY is up!

Sun, 05/18/2014 - 18:32 | 4772020 F0ster
F0ster's picture

The plunge propagation team will be working overtime this week. Could be one of the last great buying opportunities for Gold n Silver.

Sun, 05/18/2014 - 18:15 | 4771977 q99x2
q99x2's picture

Replace those two stuffed suits with open source software.

Pig won't . Pig will. I hope Pig will because that means less money for Goldman Sachs and the child molesting, drug trafficing, gun running  banksters in this country.

Sun, 05/18/2014 - 18:25 | 4772000 Jack Burton
Jack Burton's picture

This is who the Kiev coup has placed back in power. "

"Kolomoyskyi, who lives in Geneva Switzerland, is generally regarded as the second-richest man in Ukraine, with a fortune estimated at about $6 billion. Tymoshenko used to be called “the Eleven Billion Dollar Woman,” but, like all of Ukraine’s oligarchs (including Kolomoyskyi), nobody really knows precisely how wealthy she is, nor even whether she is more, or perhaps less, wealthy than Kolomoyskyi. Almost all of the oligarchs’ money is hidden offshore; so, is invisible.

Most of Ukraine’s oligarchs live in Geneva (like Kolomoyskyi), London (like the Tymoshenkos’ daughter, Yevhenia), NYC, Rome, and other Western cities, and they tend to stash their money in secret bank accounts in tax-haven countries, not only in order to avoid paying taxes, but also in order to make more difficult their being successfully sued by each other, for violating handshake business deals that had helped them to become so rich. After all, illegal contracts cannot be enforced by any legal government (since they’re illegal, and have secret illegal terms). Thus, other means than written contracts — handshake deals — are resorted to between these aristocrats."

Notice these Ukrainian patriots live in the west with the billions they have stripped from Ukrainian people. These are the coup leaders, they want East Ukraine back so they can continue to loot it. Best solution for that is for East Ukrainians to continue to shoot the Kiev Nazis when they try and conquer their cities. Wouldn't you, if you lived there??

Sun, 05/18/2014 - 18:48 | 4772057 ZerOhead
ZerOhead's picture

The best solution is not the civil war scenario you have just outlined JB although it increasingly looks like that's the way it's going to go.

The best solution is for the EU to step up to the plate and offer full membership to all Ukrainians so they can all get the fuck out of the country to someplace nice like Germany or France before the shooting starts in ernest. They owe it to them for putting these thugs in charge of the country.

Other than that there simply is NO future anymore for anyone.

Sun, 05/18/2014 - 19:13 | 4772117 cro_maat
cro_maat's picture

That comes with IMF baggage. I think civil war is preferable than the wholesale looting by the IMF.

Mon, 05/19/2014 - 05:30 | 4772901 August
August's picture

Fuck the EU.

Sun, 05/18/2014 - 23:52 | 4772733 sangell
sangell's picture

Did you invent that name or did the Russian security organs suggest it to you. You guys are still the hamfisted hicks who lost the Cold War. Probably still wear price stickers on your shoes too. Lets hope ZH keeps a close eye on GAZPROM because its revenues will be going down down down just like your standard of living.

Mon, 05/19/2014 - 01:22 | 4772808 Rock On Roger
Rock On Roger's picture

Jack Burton has been writing wisdom here long before this latest installment of hope and change occured in Ukraine.

You don't know what you're writing about.

Who is the hamfisted organ?

Sun, 05/18/2014 - 18:26 | 4772004 infinity8
infinity8's picture

Oh boy. It's gettiin' hot up in here.

Sun, 05/18/2014 - 18:34 | 4772026 infinity8
infinity8's picture

On another note, I got a little burgled last night. Some asshole stole the tarps off my firewood. But, up the road, someone had the rear driver's-side window bashed in. The cops have been gone for a minute and I need to walk up there and find out what's going on. I don't know those cats so. . . I'm hesitant.

Sun, 05/18/2014 - 18:59 | 4772088 medium giraffe
medium giraffe's picture

Keep some sort of thick material between you and the cops line of fire at all times.  Approach slowly, and use a soothing tone...

Sun, 05/18/2014 - 19:07 | 4772105 ZerOhead
ZerOhead's picture

If they attack curl up in the fetal position and play dead...

Sun, 05/18/2014 - 19:18 | 4772129 infinity8
infinity8's picture

I don't feel it's appropriate to tote the shotgun to some house where I don't know any-fucking-body. I know I wouldn't appreciate anyone showing up on my stoop I don't know, even w/just a baseball bat. No one is curling up. and I didn't down you, Obama.

Sun, 05/18/2014 - 19:01 | 4772091 IridiumRebel
IridiumRebel's picture

Thanks for the Facebook update. Hope you find the bastards.

Sun, 05/18/2014 - 19:04 | 4772103 infinity8
infinity8's picture

Fuck you, I don't facefuck. Just venting on the 1 site I visit regularly. Go get burgled.

Sun, 05/18/2014 - 19:48 | 4772168 IridiumRebel
IridiumRebel's picture

Jeebus Christmas lighten up. Elsewhere, someone got done with another dose of chemo today. If the worst thing that happens is a 15 fuckin dollar tarp gets stolen you're doing alright. I'll start posting my Fuckin weight loss goals.

Sun, 05/18/2014 - 19:55 | 4772199 infinity8
infinity8's picture

My sister-in-law is dying of bone cancer. She's been through the mill in the last 6 mos. or so. She is an absolute sweetheart. My original post mentioned someone who got their car fucked up and I thought that it was clear that I was implying that my stolen tarps were of a much lesser level. If you, or someone you care about, is going through chemo I wish you nothing but the best possible. I can't imagine. I've had some heavy shit but not that. I always enjoy your comments.

 

 

Sun, 05/18/2014 - 20:04 | 4772226 IridiumRebel
IridiumRebel's picture

First, my condolences for your sister in law. Second, my apology if my crass nature came off wrong. Lost an aunt last year to breast cancer. I always lead with humor. I get a little testy with "fuck you". IR stands down. I meant no harm. I was just giving you a ribbing. That's why I ended with "hope you find the bastards". We are cool. I sincerely apologize for coming off wrong and I hope the tarp is returned if only karmically and those theiving fucks get busted. Getting shit stolen sucks.

Sun, 05/18/2014 - 20:22 | 4772268 infinity8
infinity8's picture

Thanks, it's really sad for my brother. There really aren't words, they have been together for almost 30 yrs. She's only 44. And I don't really give a shit about the tarps, it's the principle

. I hope it was some homeless motherfucker that legitimally needs them for shelter. What concerns me much more is a scary rise in the serious crime rate in a small town. We've had 8 homicides since the 1st of the year. Before that it had been over 5 (FIVE) years since a murder. Burglaries are through the roof.

Sun, 05/18/2014 - 20:51 | 4772360 IridiumRebel
IridiumRebel's picture

So I feel like a schmuck. We now live in Ohio. Our town in CT started to decline in the 5 yrs there. Neighborhood started getting rougher, more petty theft. I fear we are just beginning.

Sun, 05/18/2014 - 20:53 | 4772364 FredFlintstone
FredFlintstone's picture

You brought down CT in only 5 years and now OH? :)

Sun, 05/18/2014 - 21:19 | 4772446 IridiumRebel
IridiumRebel's picture

I'm starting in the South and working my way up to you, Fred....

Sun, 05/18/2014 - 21:14 | 4772428 infinity8
infinity8's picture

Not trying to make anyone feel like a schmuck. I lived mostly in big metro areas most of my life. Been in this small town for almost 7 yrs. @2 yrs. ago got this shitty tweaker neighbor. Cute, bubbly blonde, big pregnant when she moved in. Rich parents. As soon as she  shat that baby out, tweakin' like an m-f'r. She liked to do wee-hour landscaping and invite over countless tweakin' friends. Cops there all the time. That's when I started looking at the local sheriff's dept website regularly. Back then, it was usually @140 inmates at any given time. Now, @200! Armed robberies, stabbings, srsly out of control.

Sun, 05/18/2014 - 19:03 | 4772099 pontificus
pontificus's picture

Did you grab the Tarp?

Sun, 05/18/2014 - 19:05 | 4772101 ZerOhead
ZerOhead's picture

Just stay away from the trunk.

You might find your tarps and whatever is rolled up inside of it...

Sun, 05/18/2014 - 19:12 | 4772115 AMGdesignnl
AMGdesignnl's picture

If China says yes for a good price ... we wish you the best of luck America <);o) 

Sun, 05/18/2014 - 19:17 | 4772125 cro_maat
cro_maat's picture

Here is a question for my fellow ZH'ers:

If the Brics can create a trade settlement system that bypasses SWIFT (and the $) will the Langley / Afganistan heroin backing of the $ slow the hyperinflation in the US?

Sun, 05/18/2014 - 19:37 | 4772157 infinity8
infinity8's picture

Wow. What a bunch of shit-heads tonight. I look out for several little-old-ladies in my neighborhood. They bake some wonderful pies and cookies and such in gratitude. And we trade vegetables. I'm in an old neighborhood. I can't watch everywhere all the time. The couple old guys that are left are well armed too. Fuck you, that is all.

 

Sun, 05/18/2014 - 19:58 | 4772207 RafterManFMJ
RafterManFMJ's picture

You get a plus one for saying vegetables, not veggies like a fucking retard does.

Sun, 05/18/2014 - 20:39 | 4772333 infinity8
infinity8's picture

I was always a weirdo and liked greens over sugar. Took a bunch of shit for it but, I ain't dead yet.

Sun, 05/18/2014 - 19:37 | 4772160 Tegrat
Tegrat's picture

Wow. Thanks for that post of philosophyofmetrics.com. Lots of reading. Finally found an answer mention to what I noticed right here on ZH:

 

To give another example of the fake Western NWO narrative, consider Steve Quayle's Guerrilla Economist, "V." He has apparently been tasked with spreading the West is bad / East is good propaganda theme among the Christians. In his interviews, you'll frequently hear him saying how the Americans and Europeans are "morons" and the Chinese are "brilliant," and he also floats the idea that the West is trying to start a crooked new financial system but the BRICS have caught on to the West's cheating and are trying to start something different. In this, his themes are quite similar to what you hear from the Clown Posse. And in his most recent alert, he stated this about the government shutdown/debt limit drama...

 

Sun, 05/18/2014 - 19:45 | 4772176 nah
nah's picture

Hey China, remember the howls of Ukraine as Russia "gave them the gas"

.

there is no 2nd place bitchez

Sun, 05/18/2014 - 20:12 | 4772246 Goldilocks
Goldilocks's picture

Energy Tomorrow TV Spot, 'Do You Own An Oil Company?'
http://www.ispot.tv/ad/7G_d/energy-tomorrow-do-you-own-an-oil-company

Sun, 05/18/2014 - 20:39 | 4772329 Duude
Duude's picture

Pending a successful price negotiation? LOL  Since they've been  stuck on price negotiations for a decade, I'd say they're still at square one. 

Sun, 05/18/2014 - 21:37 | 4772481 sangell
sangell's picture


Sun, 05/18/2014 - 23:47 | 4772726 sangell
sangell's picture

Maybe this website should be renamed Zero IQ. There in its zero content format ( because of some strange perhaps 'bulgarian hactivity' stands a post with Zero content yet three contemporary Zero hedge posters have decided to junk it. Incredible! Great gang you've gagthered Tyler. No wonder all your early contributors have abandoned you.

Mon, 05/19/2014 - 00:44 | 4772790 IridiumRebel
IridiumRebel's picture

Leave then. Nobody is paying you to be here....right? I've seen many shitty sites I never cared to go back to. This site giving you the digital Stockholm Syndrome or something? I mean we are all a bunch dumbasses so you have more intellect to share...go to the NY Times and speak to those thoughtful folks.

Mon, 05/19/2014 - 05:33 | 4772905 Serenity Now
Serenity Now's picture

IridiumRebel,

Sangell is a great poster.  He is frustrated by the echo chamber.  I am, too.  Don't try to run him off.  I'm making the case to you because I think you are a great poster too.  

Mon, 05/19/2014 - 01:14 | 4772806 Volkodav
Volkodav's picture

go away then

Mon, 05/19/2014 - 05:35 | 4772906 Serenity Now
Serenity Now's picture

sangell, 

I up arrowed the empty post.  LOL!!!!

Mon, 05/19/2014 - 08:08 | 4773040 F-X
F-X's picture

Oh, what the hell! So did I.

Sun, 05/18/2014 - 21:46 | 4772497 sangell
sangell's picture

I see my prior post was intercepted by this infected website.

Nixon did not go to China to negotiate with Chou en Lai. Begin and Sadat did not come to Camp David to sign a Peace Treaty. These deals are ALWAYS worked out in advance. That Putin will be in China in 48 hours and no deal has yet been announced indicates more than a 'single digit' in price obstacle. It is Russia begging China to let Putin sign some kind of deal otherwise he will be humiliated. Obviously humiliating the Russian dwarf on the world stage is not in Chinas interests but making it clear he is the supplicant is.

Mon, 05/19/2014 - 00:57 | 4772786 IridiumRebel
IridiumRebel's picture

"In November 1977 Sadat initiated direct contacts with Israel and made a dramatic visit to Jerusalem, where he spoke to the Israeli Knesset (parliament). However, a reciprocal visit by Begin was unsuccessful, and no progress was made toward peace. Rosalynn Carter, the U.S. first lady, then suggested to her husband that he invite Sadat and Begin to Camp David, in rural Maryland, where the relative privacy and seclusion might provide a setting for a breakthrough."

Carter stopped more than a few near walkouts by both sides. This was not previously determined. Egypt and Israel were killing themselves via multiple wars so peace was negotiated before other states piled on to attack Israel.

Upon Nixon, China and the gold standard....

1972 was an interesting year. First, President Nixon had closed the gold window only a year before, in 1971, thereby disconnecting the US dollar from gold. It is also the year Nixon was re-elected and met, in February, with Chinese leader Mao Tze-Tung in Peking (now Beijing). One individual familiar with a great many of Marcos’s secret gold transactions claims that Nixon gave China 200,000 metric tonnes of gold in exchange for an agreement that China would “stay out of any Asian expansion for fifty years.

Mon, 05/19/2014 - 04:08 | 4772858 Ides of November
Ides of November's picture

Seriously? Link?

 

That 50 years is almost up.

Mon, 05/19/2014 - 10:23 | 4773472 IridiumRebel
IridiumRebel's picture

http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_gold02a.htm

I am not savvy enough to know the trade end of things like amount of gold in the world so if 2000000 is not possible it would debunk this possibility. I do not know if this is true so I could be wrong. As for Sangell, no one is keeping him here. If he wants to stay, sure, let's debate. I like having different ideas. 

Mon, 05/19/2014 - 05:40 | 4772887 dumbStruck
dumbStruck's picture

"Nixon gave China 200,000 metric tonnes of gold"

At $42000 a kilo which is approximately the going retail price for gold that works out to 84 trillon us dollars, but I suppose gold was cheaper back then in the 70's... 35 an ounce 32 ounces per kilo.... only 224 billon dollars, peanuts... nowadays I guess anyway. What would that have bought in 1971 ? Not 200,000 tonnes of gold I am pretty sure.

 

 

Mon, 05/19/2014 - 06:21 | 4772941 Jano
Jano's picture

Worldwide gold inventory today is at 180.000 metric tons.

This is, what has been mined in the last 10.000 years.

-2% of losses on the seaground and pulverization in atomic bombs /Au was used few times as the tamper, I asume, they have used so arround 300 kg, before they switched to carbon wolfram, or tot he U238 tamper./

your 200000 is not credible.

Mon, 05/19/2014 - 00:24 | 4772775 Bastiat
Bastiat's picture

Is that digit on the right or on the left?

Mon, 05/19/2014 - 02:33 | 4772829 Stifmeister
Stifmeister's picture

Chinese and Russian oligarchs are simply playing their best cards against the West. Once they join the reserve currency club, the rigged game won't end. Just the players will change. Countries with strong economies, powerful armies and nuclear weapons will only be allowed in this club. The rest will be exploited. Perhaps, more openly than ever before. The international banker cabal/entreched political class/Eastern oligarphs will benefit from this New World Order at the expense of the common people all around the world. 

Mon, 05/19/2014 - 03:00 | 4772837 NeverForgetSilver
NeverForgetSilver's picture

One digit away does not make sense. Is this a translation error?

Mon, 05/19/2014 - 03:08 | 4772839 Mr. Delicious
Mr. Delicious's picture

You know, Jews are LESS THAN .001% of the population of Russia, but amazingly, the head of Gazprom is a Jew, so are many (most, still?) Of the "russian oligarchs" and indeed, the "Russian" mob is largely Jewish, and headed by a Jew.

The early Bolsheviks were heavily Jewish, Russia was more Jewish then, maybe 10% even, but even though just about all the men who viciously murdered the Tsar and his wife and little children were Jews, wikipedia assures us that "Jewish Bolshevism" is yet another one of those "canards," and engages in some brazen sophistry to 'prove' it.  

Of course, this is all highly "anti-Semitic" in that any recitation of wildly disproportionate Jewish power is forbidden, lest that wildly disproportionate power in the US, UK, Canada, France, Australia, Russia, Germany, Belgium, or elsewhere begin to seem not only exclusionist and unfair, but the result of significant international coordination regarding banking and media institutions especially.

 

Dum dee dum.

Mon, 05/19/2014 - 06:14 | 4772937 Jano
Jano's picture

unfortunately for the planet, every your sentence is correct.

the yews finced it, the us yews sent Bronstein/Trotzkij, the UK yews sent the grandson of Mosko A. Blank /born Uljanov, died as Lenin/ to effect the process on the russian soil, the biggets animals have been yews /gulags have been invented created and commanded by jews, with few local...russian...henchmen/, e.g. none of the following is russian:

LAZAR KAGAN

GENOCH HERSCH YEHUDA

NAFTALI FRENKEL

AARON SZOLTZ

F. DZERZINSKI

B. KUHN, APFELBAUM, BRONSTEIN ROSENFED AND 400 OTHER REVOLUTIONARIES, IMPORTED FROM BROOKLYN, BRONX, OR SOHO, MANCHESTER, STOCKHOL, MUNICH AND BERLIN. 

Mon, 05/19/2014 - 04:57 | 4772879 dumbStruck
dumbStruck's picture

More fog of war ? Are Russian troops really to be pulled back ?

 

"Russia's President Putin orders troops near Ukraine border to return "immediately" to their permanent bases

More to follow."

http://www.bbc.com/news/world-europe-27467807

Mon, 05/19/2014 - 07:11 | 4772974 Last of the Mid...
Last of the Middle Class's picture

Europe is toast. They'll be heating their houses and building mercedes with $50/MCF gas. How far do you have to devalue the euro to cover that shit. It costs a minimum of 25% just to liquify gas. Add shipping costs and infrastructure costs and it's just not feasable other than for political show.

Mon, 05/19/2014 - 15:04 | 4774696 Volkodav
Volkodav's picture

China Pivot Fuels Eurasian Century   Pepe Escobar:

http://www.atimes.com/atimes/China/CHIN-01-190514.html

Do NOT follow this link or you will be banned from the site!