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China Signs Non-Dollar Settlement Deal With Russia's Largest Bank
Slowly - but surely - the USD's hegemony is being chipped away whether by foreign policy faux pas, crossed red-lines, or economic fragility. However, on Day 1 of Vladimir Putin's trip to China it is clear that the two nations are as close as ever. VTB - among Russia's largest banks - has signed a deal with Bank of China to pay each other in domestic currencies, bypassing the need for US Dollars for "investment banking, inter-bank lending, trade finance and capital-markets transactions." Kirill Dmitriyev the head of Russia’s Direct Investment Fund notes, "together it’ll be possible to discuss investment in various projects much more efficiently and clearly," as Russia's pivot to Asia continues to gather steam.
As RT reports, Day 1 for Putin is going well...
VTB, Russia’s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies.
“Under the agreement, the banks plan to develop their partnership in a number of areas, including cooperation on ruble and renminbi settlements, investment banking, inter-bank lending, trade finance and capital-markets transactions,” says the official VTB statement.
The deal underlines VTB Group’s growing interest in Asian markets and will help grow trade between Russia and China that are already close trading partners, said VTB Bank Management Board Vasily Titov.
But it's not just the banking relationships...
In the first day of a two-day trip to China Russia’s President Vladimir Putin said the two countries will be increasing their bilateral trade to reach a new level.
“Our countries have done a huge job to reach a new historic landmark…. China has firmly settled in a position of our key trade partner,” Putin said.
Putin also said that trade turnover between Russia and China grew almost 2 percent during 2013 to reach about $90 billion.
“If we sustain this pace the level of bilateral trade of $100 billion will be reached by 2015 and we’ll confidently move on,” Putin said.
Increasing investment cooperation is crucial, Putin added.
...
“Together it’ll be possible to discuss investment in various projects much more efficiently and clearly,” as Interfax quotes Kirill Dmitriyev the head of Russia’s Direct Investment Fund.
Nothing lasts forever... remember...
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Market talk out of China : gas deal negociations are not going well...
China has the leverage
How so? do they plan on flooding Russia, with Chinese?
Who runs bartertown?
China may still have leverage with the U.S.S.A. because of wage arbritage, but not so much with Russia.
Memo to the Doc:
make sure to slam the thermometer
DO NOT WORRY about the patient
He will be okay, eventually we all will be dead!
Again, intentional. Anyone who doesn't see it can't be helped. Sanctions against russia for them "invading" a non nato, non treatise country. Intentional kill of the dollar.
bye bye, Mrs American Pie....
????? ?? ??? ???????
??????
This brings up a simple question, will they settle in Rubles or Yuan? If it is in Yuan which is pegged to the USD the USD will not feel a thing. If it is in Rubles, that would be significant as a move away from the dollar.
One can hope it will be in PM.'s
goolosh for rahmen we're fucked
Bye bye Ms. American pie, gave my recall back to shevy- tax payers pockets are dry. Them good ol boys drinking blood and rye, singing this will be the day that I die!
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two red back stabbers ink deal. we'll se how this turns out.
China is already f@$ked.
Guess what happens when we roll off QE?
Every other time QE ended, a major crisis eruptedhttp://www.planbeconomics.com/2014/05/every-other-time-qe-ended-major-cr...
Is it going to be the YuRou? Or the RoYu?
What about the poor Rupee?
RoYuPee?
Hmmmmm.....
The Dayyyyyyy, the Dorrar died....
It does not matter what currency is used for any deal anywhere because everything is priced in dollars. Everyone will simply manuver their money in order to hold the currency that allows them to consistantly do the deal at the lowest price which has been and will be the dollar until someone prys the WORLD RESERVE CURRENCY from our cold dead hands.
Good luck with that. (hint: Who has the largest military on the planet X 10?)
You mean, who's got the bigger banks and the most cut-throat? However, I agree with your point that the comparative value of Yuan and Ruples will be handled via a quick glance to those currencies daily value against.....you guessed it: the US $.
Why glance at the USD, why not at the EUR or the JPY? Since all these currencies float and any arbitrages are near-instantly arbitraged away by computers, you can use anything you want to price the comparative value of a ruble against a yuan, right?
Or, if trade in real goods between the two countries is big and meaningful, they'll be able to establish relative values for their currencies directly against each other. Isn't that the purpose of these huge Russo-Chinese deals?
Familiar territory for both nations.
http://en.wikipedia.org/wiki/Comecon
Currency is just an accounting device. What matters is bi-lateral trade.
You really are in the thick of it. Reporting to us live from the pits of hell where the beasts roam free. Hope for your sake you're armed to the teeth.
The only way out, is deeper in. Time to schedule a late lunch. I'm only armed with a cup of coffee and a calculator.
One will not be capable of understanding in the future why on earth the whole planet got tricked and manipulated into accepting this artificially generated green paper, especially, after the failure of the Bretton Woods agreement. The herd-like greenback acceptance worldwide is probably the most significant sign of global psychotic pandemic. Something, I hope, will serve as a memento not to repeat this mistake anytime in the future.
Hopefully, our minds have started unspelling as a prerequisite of the mental disease remedy.
Let's hope the $ crashes. Nothing else will bring about the Great Reset, and the happy sound of the guillotine blads slamming down on the necks of psychopaths.
I have been fearing the collapse 5 years now, with all the predictions on the internet again and again, and the only thing that happened so far is that I lost sleep, while missing the profits of the market due to this fear. While friends have tripled their money.. So I recently decided it is better to stop worrying about it, and try focus on living again.. Call it collapse fatige.. Now I only have to try to limit my ZH visits, to avoid re-igniting fear.. wich is harder then expected, because of the addictive funny sarcasm over here..
Collapse is an ongoing process most often revealed in hindsight. While you're waiting for the signs, it's happening all around you. So is the rebuilding, although that's even harder to perceive.
First step is to establish the paperwork agreement.
Second step is to dry-run the engine with the existing peg for RMB.
Third step is to float the Yuan (fractional gold-backed) and then peg a fixed FX RMBRUB.
Fouth step is to cut the moarings from RMBUSD and float off into the ocean of the future while the dockings of SWIFT/USD sinks
I dub the TM for the future Ruble/Yuan morph:
RUB + Remimbei = Rubbei (pronounced "Rubby")
Cheers,
Nage42
Good call...
sounds right but does it have he approval of the rothschilds?
Yep, they're hedging their bets...
DaddyO
I will go with european masters over asian ones. if it is a reality I will die underneath. Asian masters are quite inhumaine, Fuck them both but yuan reserve currency carries social burden that chinese are incapable of comprehending. Moral defficencies rampant.
Very interesting.
Sorry for obvious questions, but why would China lock themselves (even fractionally) to gold. They printed 3X the US in funny money last year. Tying themselves to Gold would be "Pulling a Nixon" and let others buy their gold at reduced prices. No?
Also why would Chinese peg to anything? Especially the Ruble? I can see manage a range but Peg?
Sorry if you have covered this earlier....
The Chinese and Russians have gold, silver, lumber, food and oil. Real PM's. That's what matters.
Just for the record:
http://www.zerohedge.com/news/2012-11-24/goodbye-petrodollar-hello-agri-dollar
Print this out and stick it on the fridge. When the shit hits the fan, this is the list of who (importers) goes under the bus (exporters).
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/11-2/Agri%24%204.jpg
Regards,
Cooter
Somewhat OT: I read the first link. The author had me following along until towards the end where he started pimping GMO crops as a technological innovation that safely increases yields and nutritional profiles of crops. Not only is that not true, it's 180 degrees the opposite of the truth. There's a reason this shit is banned in more countries than it is grown in.
I also got a chuckle out of the author's whitewashing of the question as to why Africa underperforms - they just need better institutions, ya see! Institutions are not some software upgrade that you install into your country's proverbial computer and then you're good to go. People build and maintain stable institutions; they evolve out of a people's culture and development over the course of their history.
If that is so, then why isn't Africa running the world? Why is Saudi Arabia a regional power? Can we quit with the simplistic bartertown calls. Finished goods are just as important. Central banking is more important as well. Now, will someone please elimnate the dollar as a reserve currency so we can stop producing debt to fund the world?
China wants the reserve- means one thing and one thing only- the Elites feel there is more wealth to transfer in China than the US.
>>why isn't africa
pretty simple really. tptb have waged a war of terror and destruction in Africa for hundreds of years to ensure that Africans can not stand up and defend themselves. But don't be jealous Americans, by the looks of things, you are next on the hit list of regions to go under the full jackboot treatment.
Unpopular view john and totally predictable based on history and current signals.
But here sits the Choir.
There, far far away in Truman land is the mass.
Lol what? TPTB didn't even make it into Africa in any meaningful way until well into the 19th century and were gone by the 1960s.
Africa is not a leader in anything (and never has been) because that's what the people that live there are like. Just a century ago half the continent was living at an iron-age level of advancement. It is what it is.
Why is it that for Africa's failures we always have the colonialism excuse, but on the flipside there are plenty of other nations that suffered setbacks (atrocities, invasions, depopulation, exploitation etc.) for longer than colonialism was in Africa and yet these nations have survived and are far more successful than any African country?
in a world of cultural achievers somene has to come in last. Thats just the way it is. History is manifested into physical representaion and the evidence is around for all to see.
Perhaps the elites are just running to the front of the parade to be in the right position to benefit.
Some changes are nearly impossible to resist - one of which is technological - and the last I saw, the Chinese were graduating 600,000 scientists and engineers each year, and the US was graduating 70,000.
Most of whom are unemployed and angry, commony referred to as ants or neets in other countries. See, http://www.npr.org/templates/story/story.php?storyId=5478159 for more realistic numbers.
Thanks for the link even though it is NPR.
"why then isn't Africa running the world?"
Answer: Because Africans are incapable of running the proverbial piss-up in a brewery. This is a cruel fact but for sure it is a fact.
To CPB's point:
The Chinese and Russians have gold, silver, lumber, food and oil. Real PM's. That's what matters.
The reason Africa isn't running the world comes down to social stability, available infrastructure, education, and an ability to cohesively defend themselves from imperialists. Please recall that Qaddafi was killed only when he began to preach African unity and a gold-backed dinar. Africa could be a complete paradise if there weren't forces trying to keep it crippled at every turn.
As for the Saudis, they have lots of influence (for now) but squander it on so many useless endeavors. They should be sinking money into massive de-salinization plants and re-engineering the deserts back to green. One day the oil money will go below a certain point and their entire way of life will implode.
"If it is in Yuan which is pegged to the USD the USD will not feel a thing."
Wrong.
USD's value is in everybody using it for trade. Not just oil. Everything else too.
These large trade agreements outside USD reduce demand for USD on a net global basis.
It doesn't matter what other currency is used. Not using USD is the issue.
USD's eventual collapse will not come from printing. It will come from abandonment. Other nations stop using it, their banks dump whatever dollars they have. As more nations dump dollars Forex becomes flooded with dollars and the price drops, Just like anything else in over-supply.
To keep USD's value up Fed would have to start selling (worthless) securites on their balance sheet back to banks, along with making the government buy treasuries back, and take those dollars out of existence, thereby shrinking the pool of dollars available.
But no banks want those (worthless) securities back. And the government doesn't have any money to buy treasuries back.
Question to Mr. Armstrong, once he is done bagging Christians :
Why is gold pegged at $1300 ? What do you think of MS, GS prediction of a 1300 top ?
anybody else please feel free to add your thoughts ...
Bernanke said long ago he was willing to see gold at 1300 to withdraw some liquidity from the system. When we buy pm's we are helping withdraw liquidity by spending fiat and placing the pm in savings (safe).As long as people trust in debt notes, the price will be determined by the Elites, not the value of currency.
By consuming articles without real value, we use currency that would normally depreciate. Consumption is the banker's best defense as they continue to use inflation to transfer wealth. Yes, gold and silver could be an insurance policy against fractional reserve banking going belly up, but it requires it be used as money.
Congress members knew this in the early 1800's as they argued over paper money and silver/gold ratios. Paper was more convenient, therefore, if you want people to protect their savings and assets, the system must make specie easy to use. The Constitution clearly identifies silver and gold as money. It is legal tender. Use it or lose it.
I don't understand this comment. You are saying that by exchanging fiat for gold, and by hoarding gold, you are engaging in a naturally deflationary act. I would disagree 100% to that generality. You do not regard what the other side of the exchange - the gold seller, fiat buyer - will do with the fiat he now holds. His acts may be extremely inflationary. He might set down payments on a group of properties close together so as to induce a localized property boom, indeed an inflationary pump. There is no single act with a single effect in all God's creation. Cash is a mutable tool. Gold is also a mutable tool. Brushes do not create art and guns do not kill people. In fact I would go further to say that any transaction whatsoever is naturally inflationary in a fiat system used by a growing population.
Because, by tracking this expenditure, the FED can withdraw liquidity from the system, safe in the knowledge the money will not be needed. Just as banks depend on people to leave savings in a bank and thus expand the money supply.
Further, if you are growing the money supply, you need to grow prices to absorb the currency or deflation occurs. Thus the stock market goes up, food goes up, pm's go up. If you ever stop the carousel, that is when the problems begin. If people start USING pms, then currency becomes too abundant. (even stock prices have a limit).
"Safe in the knowledge that there is no fiat left" is more like it.
I did see an Alfa Romeo today though...so it's hard to argue the world has ended quite yet.
"A" world might have ended though. "One new world deserves another." Move along...
I will try to elaborate your point a little further. The Fed may only easily control the pricing of the derivatives of seminal markets by distorting (either capping or boosting) the prices of real goods in seminal markets. Thus they may in fact increase or reduce the seemliness of liquidity by making transactions less frictional via viscosity-inducing regulatory gambits (for example, not having manufacturing companies report "sell-through" of their products to end consumers) or by directing it to hidden pools or reservoirs, where it stagnates or decays indefinitely out of sight (for example, parking excess automobiles on empty fields are stuffing them into third-party vendor lots). You must allow for movement on both sides of any exchange or transaction, that means anything besides stasis will either implode or explode the scheme in somewhat unpredictable fashion.
Hard to say. They have been successful for over one hundred years in America alone. We keep expecting implosion or explosion, but we are treated to progressively higher prices. There is no stasis, but if it comes, it could be a harbinger of the implosion to follow. Which is why pm prices and stock market prices have me a little worried.
GS is the biggest owner of GLD. Gold is hanging in there in spite of significant manipultative headwinds as well as enduring in a deflationary environment.
Russia has the gas, 80% of it to Europe. Sanctions and war in the West is not good news for Russia.
Russia needs to diversify oil and gas, ideally to Asia. China knows this and will haggle over the price.
Bullshit. If you have natural resources and energy resources you can take care of your people and make shit to sell TO THEM (FUCK THE WEST).
What part of "when fraud is the status quo, possession is the law" don't you understand asshat?
Another relevant saying; "owe the bank $100 and it's your problem, owe them a few trillion and it's their problem.
Time for the west to re-learn what counterparty risk is all about...
I mostly agree with you.
I'm talking about the leverage between China and Russia.
Putin wants this deal sorted out, preferably before World War 3. This is why China has leverage over the price they pay for Russian Gas at the moment.
From ZH yesterday: "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?)"
Fair enough. The point is with 7+ billion (and growing) people on this rock, possession/control/access of real resources and energy stores is going to be essential moving forward. Things like "money" and "currencies" will become increasingly less revelant.
china produces the most energy. followed distantly by usa, and more distantly by russia. everyone else is way behind
http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&hl=en&hl=en_U...
And you use natural resources to produce that energy.
magnetosphere, nice link but have you normalized the data, to account for the population of each country?
Ultimately it is the energy per capita that determines the lifestyle potential of a country. I say "potential", assuming that it's not exported too cheaply or squandered by simple-minded, short-sighted people and politicians.
Yup, that is why I reposted ZH's agri-dollar link upthread. It has the best summary of food import/exports by major nations.
Short version: China and Russia are firmly net importers of food.
Regards,
Cooter
Agreed Cooter, food and water are good assets to not have to import.
Want grain? Ship us the oil we need to produce it. Hungry, thirsty people get rowdy.
Why? No new resources will ever be discovered? No new energy sources are possible? Only Russia has resources? Economies cannot "go forward" unless they use a restricted list of products? Rather Malthusian and Malthus was wrong. Money is what makes barter more efficient.
"Money is what makes barter more efficient." -
Only if it doesn't cost too much fucknut. It's fucking banker/middlemen that have become the fucking parasite.
Yes, new things may be discovered, but in order to do that you have to be damn sure that capital and resources are already available.
Given the current capital and resource mis-allocation and mal-investment I'd say WWIII will occur first.
What a moronic comment. How does the exchange rate matter. People just adjust it to accurately measure value. Who makes a trade to their disadvantage? Instead of focusing on your slang usuage, why don't you put that energy into thought.
Capital is always available for new products, it's called investment.
What is (real) "money" but stored wealth?
Wealth is and always has been intrensically linked to stored energy. In an agricultural economy, land and labor is valuable because it enables sunlight to be converted into stored energy (aka food, biofuel, lumber, cotton, etc). In an industrial economy, commodity prices are based on costs, and production and transport/distribution costs are intrinsically linked to energy. So no, without "creating" new resources or new sources of energy, economies will not be growing going forward.....at least not without canibalization of other ones.
No, money is not stored wealth. It is a transaction mechanism amongst accepting traders. Some forms of money can be stored wealth: gold and silver come to mind, but agricultural products, not so much. Thus, even though the American colonists used tobacco as a money substitute, it was not useful to store wealth. Land can be stored wealth, but pretty useless as money.
Gold and silver are not stored energy, but function as stored wealth. Energy is useful, but it is but one input in a chain of inputs. The sun without seeds, plows, and labor is just a field of weeds and grasses. IN industrial societies, all prices are based on the total of inputs + profit, providing they equal accepted value. Otherwise a loss is incurred.
As for growth, not the best determinant of social value. It is subjective. A society could progress without any new soiurces of energy whatsoever, it it turned from tyranny to liberty.
Yah, the 'one digit' away was Putin's finger on a pen...
Could this be the reason why Putin doesn't respond to the bait setup in Ukraine. He reacts with words, but makes sure he doesn't endanger the policies he has been planning, shifting away from USD with the BRIC's, by entering a military conflict. If the East succeeds with downgrading the $, it is more effective then war.
I gues the west knew about these plans, that's why they are trying to provoke conflict?
I don't know, because it is very hard to tell who is controlling the east? Are there also powers we don't see? Is it a big show, or is it real?
I honestly can't tell.. Can you?
Hey free lunch! David Icke says it's lizard people controlling everything. Mongo is not silly enough to believe that, but if you peer behind the curtain a bit you may find your answer. A very obvious pattern begins to appear...i.e Adelson, Soros, brezenskie, schumer, lautenberg, Levin, Finesteen, Nuttyyahoo, Peres, Blankfien, Bernanke, Rabin, Weiner, Boxer, Olmert, Kissinger,Emanuel, Cantor, Lieberman x 2, Sharon, Wasserman,Goldberg, Gold Man Sacks!
So i guess in answering your question. Yeah it does appear to be one big show, but my question is who's the Director?
Sometimes people use metaphors to try to get out a message without the risk of the consequences that they could face when they would speak about things openly. Maybe this explains Icke's bizarre Lizard story? Maybe he wants to educate about a mechanism or a danger, but uses metaphors for personal safety?
-Animal farm
-1984
-Brave New World
--The Wizard Of Oz Kassinger, in her book Gold: From Greek Myth to Computer Chips, purports that "The Wizard symbolizes bankers who support the gold standard and oppose adding silver to it... Only Dorothy's silver slippers can take her home to Kansas", meaning that by Dorothy not realizing that she had the silver slippers the whole time, Dorothy, or "the westerners", never realized they already had a viable currency of the people.
Or maybe Icke just took the wrong pills and went nuts?
I like this little "corner" of threaded thoughts. . .
because if it's an ongoing story these days, then I smell some script-writers, and episodic attention-grabbers, which inevitably is guiding the "thoughts" to a grand finale.
and if you add in MeMongo's "peek behind the curtain" for "obvious patterns" then also mix in a huge dollop of the old-timey Books that used what seemed like "science'd fictions" to point astute folks towards dot-connecting, should "they" ever manage to pull this whole scheme off, one day, in the Futures
then who needs Lizard-Peeple as anything more than another imaginative side-plot?
thinking outside the flag-waving voter-box'd minds- outside the fictions of "national" LINES drawn to keep minds bound 'n' gagged, in LINE as it were. . .
that's where the real narrative gets surrrrrREAL.
thanks guys!
I stumbled on a youtube from him some time ago, but the moment the lizard thing came up, I stopped watching, so I don"t really know his storyline. But Lizards and aliens and so on are way of my toleration scale..
oh, and MeMongo,
when divesting one's mind from the god-meme heirarchical thinking, and instead adding a bit of conflict & nature-all chaos,
consider no One is directing overAll, but many sure do believe they have things in the palm of their fist'd hands.
THEN the tragi-comedy Masks make more sense!
Point well taken;^) Aura
China's leverage with U.S.S.A. is disappearing as China inflates it's way to wage parity with the U.S.
Optimist. What does the average chicom live on per day compared to the average 'merican?
Yes, you are correct, wage arbritage is a motherfucker...
As the spread narrows, the attraction to off-shore loses its luster. I recall back in the late 90s a situation where an inventory or factory set up had been sent from NY to Mexico just over the border. Around the turn of the century it was shutting down and moving to Asia. The Mexicans who worked at the facility were doing what the Americans did years before; protest.
Another story involved theft of IP (the company was literally selling the product to the owner's competitors).
There is real risks of outsourcing and those have to be compensated by the spread.
Besides, just think if the US and China get into a hot pissing contest, what happens to all those facilities owned by American corporations? Big write off? Still get to employ the enemy while the youngin's are taking bullets?
This is one fucked up shit show!
Regards,
Cooter
Where's the next capital investment parade going to happen though? Might come back to the US if currency collapses and the nation becomes sufficiently poor. Still, given the comparative advantage had by India in low cost labor, it is more likely to end up there.
The Chinese in turn are trying to export their Industrial base to Africa before the shit hits the fan.
South America?
Nobody in this love triangle would hesitate to cut a deal to stab a player to get more. If you go back to the 1950s - early 60s, even with the Sino-Russian pacts there was zero love lost. There is even a contention that Russia tried to get the US to go to war with China.
http://www.goodreads.com/book/show/400391.Red_Star_Rogue
Beware of Chinese bearing gifts.
Chinese have a long memory. Russia has stolen about 1/6 of China's territory in the last 150 years.
That's why the Chinese agreed that Russia has a "right" to recover Crimea.
Payback time for the Russians is not far away.
nation-all boundaries are imaginary, drawn in the minds of the uni-formed set along edges to "defend"
what cannot even be pointed to.
for the benefits of the puppeteers only.
...Americans should get outa Dodge and move to Western Canada.
Good advice, I hear the real estate in Vancouver is only 106 that of Detroit.
I suspect he meant East of the Rockies and West of the rest.
Regards,
Cooter
yes he did, western canada never refers to BC. they are both geographically and culturally on another planet.....
Ahhh, middle of nowhere.
The suggestion is to move to
GasLand?
That gives me an idea for a startup in Albertistan: After an extensive (lol) attempt to source local talent I'm going to employ their 'Temporary' Foreign Worker Wage-Reduction program to hire me a crew of inexpensive chinese plumbers and dual their tickets in pipefitting. So when rural faucets start spouting flammables I can send in my team to hook up the kitchen tap to the household's furnace... the customer can use the money saved heating their cardboard mansions to help offset the costs of potable water and breathable air imported from Iceland. It's win-win!
Still too close for comfort. South America looks like a decent refuge.
That's my thinking too, although I fear that soon they won't want any more dirty Americans.
If you are serious about packing up and going ... I suggest SE Alaska if you plan to stay stateside and New Zealand if you want to immigrate.
Will have to have a pile of money or real job skills though. Both are short engineer types, certain medical, professional services, and the like.
Do your homework!
Regards,
Cooter
NZ is a lifestyle choice as there's only a couple major cities and the rest live in small towns or villages. The standard of living is lower than north america but the income inequality is not as bad either. everything comes by boat so is expensive to live but will probably be one of the last place to go zombie on the globe. know your trade offs......
Mmmmm.
Not Alaska, I'm thinking somewhere with more than one day per year of bikini weather.
Last I heard it's difficult to emigrate to NZ, besides too many orcs and elves.
"They come off the boats like locusts. Beasts of obesity. The Great Whites - probably the most dangerous creatures on Earth." H Thompson
If "China has the leverage", it's because the US used Ukraine to drive them into their arms.
DIVERSIFICATION works for exports and alliances also, not just Asset Allocation, when mitigating risk.
yeah a allot of rumors to play with people and make money off them
And with this momentous news gold takes a dive.
What is wrong with this picture?
Your attempt to start a rumor is mostly hilarious.
i can imagine the problems...........
XI: Right Vlad, we got the market value, quantity and contract length sorted, now how are we going to agree on what to use as payment
Vlad: i know what your trying to do XI
XI: What?
Vlad: You brought me to this whore house for a reason
XI: I dont know what you mean?
Vlad: Your trying to persuade me with chinese pussy, to take your toilet paper USD
XI: Fuck sake Vlad, hook a brother up....i cant get rid of all this USD shit, i got USD coming out of my ears
Vlad: Sell it to Abe, or the Belgium mystery buyer, but dont be passing that toxic shit onto me
XI: Right fuck it, i will deal with the USD some other time, lets get back to business, what are we going to use for payment?
Vlad: Lets ask this stripper........excuse me sweetheart
Stripper: Yes Mr Vlad
Vlad: Name a commodity that China has that we can use to exchange my gas with
Stripper: i dont know, erm, Twees?
Vlad: What?
Stripper: TWEES?
Vlad: Trees? what the fuck?
XI: Forget it man, you have a better chance of getting something sensible from the table mat
XI: Hows the fish soup Vlad?
Vlad: Actually its quite....WHAT THE FUCK IS THAT??
XI: What?
Vlad: My fish is fucking moving man!?!?
XI: Welcome to China Vlad, thats how we roll
Vlad: Fuck that, do you sell Smirnoff in this shithole?
That's because your listening to "western" idiots interpretations!!
Who here has negotiated with Russians or Chinese?? You always think shit is going terrible until, they smile and say we have a deal, it's a tactic!! Western morons are so insecure and psychologically fragile, they "need" to think you like them, and care about them, and want to be friends with them after the deal is done, etc etc. that if it doesn't "seem" that way throughout the process, they fall apart!
Three days from now, I'll predict Putin and Xi are going to be standing on a stage, huge smiles, celebrating the biggest gas and energy deal the planet has ever seen, settled in rubles!! Anything else and they BOTH lose!!
We eagerly await the response of team vagina...
More claptrap.
Buh dump bumb.... ching.
https://www.youtube.com/watch?v=6zXDo4dL7SU
Talking vaginas? Please, the fact she has one mouth that she can't keep closed is bad enough.
Team Vagina will draw a pink line that can't be crossed ....
By "Team Vagina", do you mean Team LGBT, Team Tribe, or both?
Note that both "teams" are a closed loop, who are traditionally "outsiders" to the mainstream, and are willing to do ANYTHING that TPTB want them to do, now that they are on the Inside. They might as well be working for Space Aliens, a la "V".
>>space aliens
you have been watching too much history channel. they want you to think about aliens from other planets, when the truth is staring you right in the face....
http://molech.weebly.com/the-bohemian-grove.html
The logical reaction to this news is to sell a few hundred million dollars worth of gold contracts into an illiquid market.
Only worthless fiat , so why not.
This can't go on forever, once hyperinflation sets in US gov won't be able to afford the ink to print.
During Wiemar hyperinflation during the period after WW1 13% of the population was employed counting and distributing the enormous quantity of currency being printed.
Of course, we now have money counting machines...
You may be right, I envision a fleet of drones crop dusting trillions of $$$ each day instead of EBTs.
There's no reason every house hold cannot be supplied a 3D printer that can print, controlled by the FED, polymer currency or food / housing vouchers right in your own home.
I envision families gathering around the magic machine as it whirrrrrs! to life hungrily gobbling up each Bill / ration card as it rolls off the printer then sprinting off to the store.
Exactly... and when there is a deal made. It doesn't go up!
I wonder if there's a short stop loss on that lot and just where it is?
The illogical reaction is going to be a Reggie grudge fuck by balls deep Barry. But he's still going to do it after his handlers rip him a new one over this.
Paper for paper. At least with paper you can buy metals. You can't do that with the other paper unless you want to wait.
There's that "reserve currency doesn't last forever" chart again.
The chart is misleading because it shows clear beginnings and endings for the various reserve currencies. In the 'real' world there is overlap as one is diminishes in importance as the next one grows. Pull out your history book and look plus or minus 20 years around the transition dates. There you will find lots of conflict and war........or at least more than 'usual'.
Fine, then let's redraw it with overlapping Gaussian curves.
Or the power curve of Dilithium Crystals.
Already 15 years into those two decades.
Nukes make this dynamic a lot more fraught this time around.
And the iWebs, - Facebook, Tweet, and the other electron-based communications - enable everyone to act on bad information as well, transmitted in error or by design. This can escalate the speed of a crisis developing into something more. Moar War. Faster. Roland Hedley, live !!
Onward through the fog.
Gave you a greenie for 'fraught".
Cognitive Dissonance
"May you live in interesting times." Yes we are.
China and Russia "leaving the game" as it were.
We all remember playing monopoly as kids and that one greedy asshat...
Time to go outside and play something else...
...the one that likes to makeup the rules as he goes along and change them to make the game, "better".
I played Battleship with my brother when we were kids. I hit his submarine after destorying all his other ships. I then missed three times around the sub. I called bullshit- "You moved your sub!"
He replied, "So? Boats move.."
He works for Wells Fargo and "earns" a lot moar money than I do.
Yup. And we all can and should do our part, by: eliminating and avoiding Debt, bartering, using cash, and preserving wealth within PM bullion (held by self).
When the world decreases its use of petro-Dollars, and Western consumers consume less Petrol and all the things made of Petrol, then the cascade effect will one day result in a Dollar-dump avalanche. But only when the conditions are set for it to be triggered.
Okay now ..get that false flag unferreled and ready to run up that false flag flagpole.
Hijacked Malaysian airliner engines are warming up!
I liked it better when heads of state slapped each other in the face with their gloves. Now that was drama!
Good thing I invested in Spanish Doubloons back in 1550.
I suppose that means your story about a "boating accident" is actually true.
How much longer will I be able to get Chinese take-out/Stoli & tonics with my clownbucks.
The only solice I get is imagining our leaders hunkering down and paniced everytime they hear a noise overhead...
Or a knock knock on the door. I want them feeling jumpy.
Know your enemy
AD
After 43 years of swindling the whole world it looks like there is finally someone standing up to the scam. I need to add though for those few that don't know: the last few times 'someone' tried it it didn't end well for them. This time maybe? Or will it be WWIII?
And it wont end well for these guys either. Let's not lose sight of the fact that we invited them to join our party, a party that was already in full swing, we dropped barriers, we made trade agreements, we made them who they are, and that's the way you repay us, sorry pal, partie's over gimme back my punchbowl!
OMG
I can't believe you, western-guys, fucked up like this.
Everyone eventually does it, looks like It is out turn...
Next up, U.S must generate hatred towards China to encourage Americans to boycott China made goods, ( You remember " Freedom Fries" and the pouring of French Wine down the drain ) panic amongst American companies producing products for the American market and.............
If China really got it's panties in a wad, they'd stop shipping this way for a while - wonder what kind of hole that'd leave in our economy?
Who do you root for here? I'm anti-USD, but only its use as a tool by the Fed...
I too am not anti-USD or the U.S.A. -- IN FACT -- I love the U.S.A and Canada. I just hate the FED and all the major banking families.
I even like members of the tribe that are not bankers! There is just something about people who make money by skimming from the top of the GDP pool and do not add any value.
Well said. Gotta add in politicians though. If they had any sense, desire or love of country they would have reigned in the deficits and eventually started to circulate real US Dollars. They would also pass a law stating that they could not spend more than they collect. After a period of X years they would eventualy retire the FED notes and poof! The gig would be up.
Dude, you have been smoking the good shit.
We are Broke. Bankrupta, the Federal Reserve System is. And the Gold is Gone. Poooof !
It's called Reality.
You mean their economy? They're selling
You mean their economy? They're selling
That was never much of a thing in the U.S. Mostly just a media story, and comedian material.
Is that strange noise I hear the sound of a giant vampire squid screaming?