This page has been archived and commenting is disabled.

Obama Administration Prepares To Unleash Weapons Of Mass Wealth Effect Destruction On Russia

Tyler Durden's picture


As Senator Ron Johnson so appropriately blasted, "I'm not sure sanctions had any effect whatsoever other than, you know, the Russians have mocked them," and so it is that the Treasury's (little heard of) "Terrorism and Financial Intelligence" division is preparing to unleash its most deadly weapons yet - an arsenal of financial weaponry aimed at hitting foreign adversaries with limited cost to allies. It appears clear that while the US dropped speech-bombs and sanction-mines, proclaiming the disastrous economic significance of these efforts, Russian stocks soared (vastly outperforming the US) and the Ruble strengthened... and so - as undersecretary David Cohen tells the WSJ, "What we've done over the past 10 years is to create a new method of projecting U.S. power..." e.g. sell non-US stocks (thus buy US stocks).


While the US equity market has already become a monetary policy tool, it appears now it is a global geopolitical force for good too...

As The Wall Street Journal reports,

the Obama administration is trying to shore up international support for a growing arsenal of financial weaponry aimed at hitting foreign adversaries with limited cost to allies.


As the administration prepares for a possible next round of sanctions against Russia, it is increasingly relying on an obscure unit inside the Treasury Department—a group of sanctions architects and financial sleuths in the Office of Terrorism and Financial Intelligence—to play a leading role in U.S. foreign policy.




Founded to disrupt terrorist financing after the attacks of Sept. 11, 2001, the Treasury office now plays a central role in exerting pressure overseas as the American public has little appetite for military intervention.

"What we've done over the past 10 years is to create a new method of projecting U.S. power," Mr. Cohen said in an interview. "We do that in a way that is unique in the world."

His office includes an intelligence shop that scours bank reports and spy agencies' gleanings for financial patterns that could threaten U.S. security, making Treasury "the only finance ministry in the world with an in-house intelligence unit," Mr. Cohen said.


"We have become proficient at reducing collateral damage," Treasury Secretary Jacob Lew said in remarks to be delivered Monday at a conference hosted by the Center for Strategic and International Studies that is looking at the office's work in its first decade. "But we cannot escape the fact that when we deploy these methods, there will be those who will unintentionally pay a price."


But it seems not everyone is so excited about the threat of this obscure war-mongering from the US Treasury...

Some of the resistance Treasury faces comes from U.S. businesses that worry about the fallout. Meddling with an economy as big as Russia's, for instance, could trigger significant losses for U.S. businesses if their work is affected by the sanctions, or if Moscow decided to retaliate.




Leaders of several European countries, including Hungary, have opposed tough sanctions on Russia, a major energy supplier on the continent, and their reluctance weighs on the sanctions policy of the EU, which makes such decisions by consensus. German firms have complained openly about the prospect of losing business in Russia.

Still, despite the massive outperformance of Russian stocks (and the Ruble) since sanctions began, Obama is proclaiming his actions as a major factor in Putin's retreat...

Still, Mr. Obama last week credited the sanctions and other measures the international community took against Russia with serving as a key "counterweight" to Russian troops on the border with Ukraine, most of which are now believed to have moved away.

So perhaps that explains the shocking decoupling surge in US equities this week as bonds rallied , volatility rose, and Russia stocks leaked lower...


Welcome to the new order... where elites wage wars on the stock exchanges... while real blood flows on the streets


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 06/01/2014 - 23:06 | 4815849 LetThemEatRand
LetThemEatRand's picture

Love you, Tylers, and hate the bankers as much as you.  But take the graph back a little in time.  U.S. stocks are already in the stratosphere.  Russian stocks are bouncing from a big dip.

Sun, 06/01/2014 - 23:09 | 4815860 credittrader
credittrader's picture

The chart... which could just as easily be of the Ruble... stands as it is ppst sanctions performance... which the administration continues to claim has devastated them economically... The pre sanctions dip was EM crisis flow related... not preemptive sanctions... 

Sun, 06/01/2014 - 23:15 | 4815871 Harlequin001
Harlequin001's picture

Here comes Russia's 'pay us now for our gas and oil in gold' reply and the WTF moment for Obama...

Sun, 06/01/2014 - 23:32 | 4815908 BlindMonkey
BlindMonkey's picture

Does Germany have enough phyz to perform on deliveries if that were the case? I bet Russia would gladly take as many German CNC machines as Germany could ship in exchange.

Sun, 06/01/2014 - 23:40 | 4815918 dryam
dryam's picture

Weapons of mass wealth effect destruction from the most bankrupt country in the history of the world? 

Sun, 06/01/2014 - 23:58 | 4815941 SafelyGraze
SafelyGraze's picture

OT -

the us treasury department reminds you to believe in santa claus

"thank g-d he lives and lives forever"

ps -- buy savings bonds!

Mon, 06/02/2014 - 00:29 | 4815991 knukles
knukles's picture

Hey Joey, watch me pull an obscure unit out of my hat.

Mon, 06/02/2014 - 06:19 | 4816200 MeMadMax
MeMadMax's picture


Who's the economic terrorist now?


Our gov'ment is!

Mon, 06/02/2014 - 07:28 | 4816251 ndotken
ndotken's picture

Without a doubt ... the most clueless Administration in history #morons #dumbasses #fucktards #idiots #titsonabull

Mon, 06/02/2014 - 10:21 | 4816686 -.-
-.-'s picture


Mon, 06/02/2014 - 09:01 | 4816463 caShOnlY
caShOnlY's picture

Does Germany have enough phyz

Germany wouldn't need any phyz, all Russia would request from Germany are DeutchMarks. Game over, Europe.

Mon, 06/02/2014 - 09:56 | 4816584 astoriajoe
astoriajoe's picture

That would be funny if they took DM (either old or newly issued) over USD, or even Zimbabwe megabucks. 

Sun, 06/01/2014 - 23:33 | 4815910 CrashisOptimistic
CrashisOptimistic's picture

You guys are just going to have to accept that under no circumstances will Russia ever demand gold in return for oil.

It has no function in Russian society and there would be no point in it.  They may demand labor.  They may demand calories.  Gold is just an absurd hope.

As for financial manifestation of power projection, it would be useful to note that the French stock market continued to operate during Nazi occupation in WW II.  Generally speaking, prices were dictated by decree, and they had no point at all because Germany demanded most of the French agricultural harvest be sent to Germany.

See . . . THEY knew how to project power.  With food.  With starvation.  Not with gold.

Sun, 06/01/2014 - 23:49 | 4815927 dryam
dryam's picture

Gold is money.  You don't eat it & it doesn't power anything.  Money is a medium of exchange.  Oil can be sold for gold, and gold can then be traded for food, commodities, goods, etc.

Sure, if you look through the bastardized lens of the U.S. where money is printed out of thin air and the gold market is manipulated to suit your economic purposes, then yes, gold is useless as it just (supposedly) sits in Fort Knox, etc.  Just how long do you think the U.S. can keep bullshitting the world with their worthless IOU's?  Tick, tock, that day is coming.  You can only live in fantasy land for so long.

Mon, 06/02/2014 - 00:50 | 4816021 CrashisOptimistic
CrashisOptimistic's picture

Oh there's no question that Russia will relentlessly demand things of use to them rather than USDs.  Perhaps American labor to do toilet cleaning.  Things like that can be demanded, as the Germans demanded of the French.  They didn't rely on French gold to pay the bills of conquest.  They relied on French agriculture and French labor to build German armaments as payment for being conquered.

But you will never, the N word, never ever see a gold assay kit under every cash register in Russia or anywhere else to check for tungsten if an attempt is made to trade things of value like gasoline or food for it.  That will never happen.  Ever.



Mon, 06/02/2014 - 03:37 | 4816134 economics9698
economics9698's picture

Let’s make this simple.  Putin hates NWO (aka Rothschild, tribe, cockroaches) bankers.  NWO bankers hate Putin.  Putin knows the Achilles heel of fiat bankers is gold. What direction do you think he will go?

1. Gold.

2.  Play the fiat game.

Mon, 06/02/2014 - 17:24 | 4818090 Monty Burns
Monty Burns's picture

Let’s make this simple.  Putin hates NWO (aka Rothschild, tribe, cockroaches) bankers.


I'm not at all sure that this is correct.  The signals are very mixed.  It's premature to judge exactly where Putin stands on such issues, IMHO.

Mon, 06/02/2014 - 21:39 | 4818770 TheReplacement
TheReplacement's picture

That is Putin's strength - you don't know when he'll stand and when he'll back down.  Who expected the Russians to let eastern Ukraine go as far as it has and have moved troops away?

Mon, 06/02/2014 - 00:50 | 4816022 BrosephStiglitz
BrosephStiglitz's picture

I think you are right.  Russia will use gold for exchange amongst its allies, and to settle trade balances.  Mainly as a way to get off the petrodollar.

What they will ask the West for is for productive capital, or for productive assets.  Or they will enforce favorable trade terms and benefits for the oligarchs.

Mon, 06/02/2014 - 03:08 | 4816122 Non Passaran
Non Passaran's picture

Oh I get it now - Russia will ask to be paid in oil in exchange for natgas... Or something like that. Raw milk perhaps?
You sure make a lot of sense.
And gold is stored calories.

Mon, 06/02/2014 - 21:37 | 4818766 TheReplacement
TheReplacement's picture

If that is true then why is gold today worth more than $20/oz?  Shouldn't it be less?

Mon, 06/02/2014 - 06:31 | 4816203 Mabussur
Mabussur's picture

I don't think the germans would go for that given how suppressed the price of gold is.

Sun, 06/01/2014 - 23:13 | 4815867 SheepDog-One
SheepDog-One's picture

'U.S. American stawk indexes'?  Want to see that bloated pigs guts rupture and get a 50% haircut? Just let the China-Russia pals put $500 billion in bonds up for sale overnight,

Sun, 06/01/2014 - 23:34 | 4815911 CrashisOptimistic
CrashisOptimistic's picture

Pretty sure they are up for sale most nights, awaiting a good price.

Mon, 06/02/2014 - 00:18 | 4815973 algol_dog
algol_dog's picture

Who the fuck does the US think they are to try to pull of any king of financial sanctions, of the likes of this. Russia and China could change the whole paradigm by dumping their US bonds and destroying the whole financial underpinnings of US hegemony. Absolutely incredible to me. Complete idiocy or fools, don't know which. 

Mon, 06/02/2014 - 00:24 | 4815981 disabledvet
disabledvet's picture

The same Americans that convinced Putin he wanted Crimea?

Or is it "The Crimea"?

Or Ukraine?

Or "The Ukraine"?

Very confusing.
What was the story about again?

Mon, 06/02/2014 - 03:06 | 4816123 Gavrikon
Gavrikon's picture

Is it "The France?"  Or "The Germany?"

It is "Ukraine."  It used to be the "The Ukraine region of the Soviet Union."  It is "The Crimean Peninsula" or "Crimea."

Mon, 06/02/2014 - 21:08 | 4818696 perchprism
perchprism's picture


The final word must be from my RISK board, which has it as "The Ukraine".  

Mon, 06/02/2014 - 01:24 | 4816056 yogibear
yogibear's picture

Pretty much playing the Fed's game. The Fed can back-door buy treasuries from that mystery Belgium account. 

Trade Treasuries for paper gold. Far more than the COMEX can deliver. Everyone knows COMEX Gold has more paper than physical.

Failure on to deliver on gold will halt markets, It will call the BS on the naked shorts by the banksters.

One huge blow up of the commodity markets. The emperor has no clothes.  

Sun, 06/01/2014 - 23:16 | 4815876 TheFourthStooge-ing
TheFourthStooge-ing's picture


U.S. stocks are already in the stratosphere.

Or, as Ozzy might say, flying high again. This is a good indicator of the degree to which gasoline huffing has become a problem on Wall Street.

Russian stocks are bouncing from a big dip.

Yes, Obama and his sanctions have given them a bounce.

Mon, 06/02/2014 - 00:04 | 4815953 Joe A
Joe A's picture

What goes up must come down and the higher they fly they harder they fall. And the stocks and the policy of financial mass destruction is supported by.....well printing money out of thin air.

Mon, 06/02/2014 - 00:07 | 4815959 Payne
Payne's picture

This takes extend and pretend to new levels.  As if we have any destructive weapons other than the dollar.

Sun, 06/01/2014 - 23:10 | 4815861 SheepDog-One
SheepDog-One's picture

Hit the turbo print button! That'll teach those durn Ruskies a lesson!

Mon, 06/02/2014 - 05:23 | 4816171 chrissjg
chrissjg's picture

hehehehehe :)

Sun, 06/01/2014 - 23:12 | 4815865 credittrader
credittrader's picture

Can't help but wonder what other 'adversaries' this division of the Treasury has used it's arsenal of taxpayer money against?...

Mon, 06/02/2014 - 06:09 | 4816191 Bemused Observer
Bemused Observer's picture

And if that has anything to do with the way things are NOW...

Sun, 06/01/2014 - 23:14 | 4815868 Spungo
Spungo's picture

Oh no! Not stock prices falling! That would cause the dividends to be slashed!!!

This is the same stupid backward logic driving the push for inflation. Good economies often see inflation, therefore printing tons of money should fix the economy. /facepalm. Stocks that are going down often lead to dividend cuts (usually caused by major recession), so us short selling the stocks should cause them to cut dividends!

Idiots. Idiots. Idiots. Why are we being ruled by idiots?

Mon, 06/02/2014 - 00:21 | 4815976 Which is worse ...
Which is worse - bankers or terrorists's picture

They aren't idiots. They are such idiots that they getting all of the wealth transferred to them. The idiots are the ones giving away the wealth without a fight.

Mon, 06/02/2014 - 21:43 | 4818776 TheReplacement
TheReplacement's picture

You there!  Pipe down now will you.  The children are trying to sleep.

Sun, 06/01/2014 - 23:21 | 4815872 Yen Cross
Yen Cross's picture

     My alphabet soup is getting cold. I could give a rats ass about any .gov agency.

  Collect all the names you want. You clowns can't even manage yourselves.

     Carney just showed the yield chasers where an oportunity was! (Micex)

  Visa and Mastercard have no intention of pulling out of the Russian market.

Visa, Mastercard vow to stay as Russia softens tone on rules | Reuters

Sun, 06/01/2014 - 23:18 | 4815878 Hulk
Hulk's picture

Its time to get serious with Putin, something way beyond financial sanctions, yes thats right.


Mon, 06/02/2014 - 07:09 | 4816230 Nexus789
Nexus789's picture

Time Obozo created a double, maybe tripple thick red line...Putin will be scared. 

Sun, 06/01/2014 - 23:18 | 4815880 socalbeach
socalbeach's picture

Obama admin making fools of themselves again by suggesting Putin's "retreat" has any significance.


Still, despite the massive outperformance of Russian stocks (and the Ruble) since sanctions began, Obama is proclaiming his actions as a major factor in Putin's retreat...

Still, Mr. Obama last week credited the sanctions and other measures the international community took against Russia with serving as a key "counterweight" to Russian troops on the border with Ukraine, most of which are now believed to have moved away.

Sun, 06/01/2014 - 23:43 | 4815924 Jack Burton
Jack Burton's picture

Russia has many good reasons not to be baited into intervention in East Ukraine. Obama's economic sanctions is not one of them. It would take time to craft a post outlining the reasons Russia is not being drawn in to this NATO trap.

You must look at Ukraine's economic situation at present and where it is headed. You must also look into American QE and taper policies. Russia needs to sit tight and wait, Kiev and Washington will not be sitting so pretty in six months. I'll try and post more on this some other time. But Russia is best served by letting Kiev rule their rump state and to stay involved in low scale civil war with the east. In time, economics will collapse Kiev into chaos. Every month that goes by puts the USA in a less strong economic and fiscal position to command world events.

Obama is a fucking fool, Putin is doing what a smart man would.

Mon, 06/02/2014 - 01:26 | 4816061 yogibear
yogibear's picture

"But Russia is best served by letting Kiev rule their rump state and to stay involved in low scale civil war with the east. In time, economics will collapse Kiev into chaos. Every month that goes by puts the USA in a less strong economic and fiscal position to command world events.

Obama is a fucking fool, Putin is doing what a smart man would."



Mon, 06/02/2014 - 03:42 | 4816138 DavidPierre
DavidPierre's picture

“Engage people with what they expect; it is what they are able to discern and confirms their projections. It settles them into predictable patterns of response, occupying their minds while you wait for the extraordinary moment — that which they cannot anticipate.”

“The supreme art of war is to subdue the enemy without fighting.”

  Sun Tzu, The Art of War

Mon, 06/02/2014 - 07:01 | 4816225 tonyw
tonyw's picture

ukraine has been a basket case for 20 years and this has got worse not better over the last six months.

prices are increasing and wages and pensions are being cut, the general population will quickly become angry with the current ruling oligarchs.

Putin should continue to avoid being dragged into sending troops to ukraine even as they continue to shell towns.


Mon, 06/02/2014 - 13:51 | 4817415 Jack Burton
Jack Burton's picture

Indeed! Putin must allow Ukraine the freedom to self destruct. The planting season has been a disaster in some areas. The IMF demanded austerity will be downward pressure on all economic activity. The real economy is in the East. Kiev is split between Nationalists and right sector nazis. There is no real intelligent leader and even if there was one, he has nothing to work with. Putin must avois the NATO bait and stay out of the East. Feed enough supplies to the East to maintain their fighting strength to prevent a Kiev massacre of the cities. Other than that, wait six months, the Kiev winter will be hell on earth.

Sun, 06/01/2014 - 23:19 | 4815883 SheepDog-One
SheepDog-One's picture

Bullies, used to pushing everyone around.

It's sad to say, but I SO want to see this or whatever else blow up right in Jack Lews face!

Sun, 06/01/2014 - 23:20 | 4815887 FieldingMellish
FieldingMellish's picture

I foresee no possible adverse consequences from this... none.

Sun, 06/01/2014 - 23:20 | 4815889 blindman
blindman's picture

"Hitler's views on economics[edit]
Hitler's views on economics, beyond his early belief that the economy was of secondary importance, are a matter of debate. On the one hand, he proclaimed in one of his speeches that "we are socialists, we are enemies of today's capitalistic economic system",[14] but he was clear to point out that his interpretation of socialism "has nothing to do with Marxian Socialism," saying that "Marxism is anti-property; true Socialism is not."[15] At a later time, Hitler said: "Socialism! That is an unfortunate word altogether... What does socialism really mean? If people have something to eat and their pleasures, then they have their socialism."[13] In private, Hitler also said that "I absolutely insist on protecting private property... we must encourage private initiative".[16] On yet another occasion he qualified that statement by saying that the government should have the power to regulate the use of private property for the good of the nation.[17] Shortly after coming to power, Hitler told a confidant: "There is no license any more, no private sphere where the individual belongs to himself. That is socialism, not such trivial matters as the possibility of privately owning the means of production. Such things mean nothing if I subject people to a kind of discipline they can't escape...What need have we to socialize banks and factories? We socialize human beings".[18] He clearly believed that the lack of a precise economic programme was one of the Nazi Party's strengths, saying: "The basic feature of our economic theory is that we have no theory at all."[19] While not espousing a specific economic philosophy, Hitler employed anti-semitic themes to attack economic systems in other countries, associating ethnic Jews with both communism ("Jewish Bolsheviks") and capitalism, both of which he opposed.[20][21] Hitler also believed that individuals within a nation battled with each other for survival, and that such ruthless competition was good for the health of the nation, because it promoted "superior individuals" to higher positions in society.[22]"

Sun, 06/01/2014 - 23:23 | 4815892 Bearish News
Bearish News's picture

Hope Lukoil and Yandex get cheaper. Russia's the cheapest market in the world, by far. 10% debt/gdp and falling.

Sun, 06/01/2014 - 23:25 | 4815896 QQQBall
QQQBall's picture

There is a reason why Sanctions are decribed as "SLAPPING."

Sun, 06/01/2014 - 23:57 | 4815939 Torgo
Torgo's picture

Here's some slapping for you.

Mon, 06/02/2014 - 01:28 | 4816062 BeetleBailey
BeetleBailey's picture

Fuck that.

I wanna see Fuckbama get knocked this!

Scorpio gets his ass kicked!

Mon, 06/02/2014 - 05:03 | 4816166 Zeta Reticuli
Zeta Reticuli's picture

Slap this, Obama!
I gotcha sanctions right heah!

Sun, 06/01/2014 - 23:25 | 4815898 alfred b.
alfred b.'s picture


    Who needs gold when you got sanctions and allies....oh wait, the allies 'in'??

    Not so sure!!!


Sun, 06/01/2014 - 23:39 | 4815902 One And Only
One And Only's picture

"Some of the resistance Treasury faces comes from U.S. businesses that worry about the fallout."

That one sentence personifies all that is wrong so profoundly that it made my ears ring.

The U.S is in deep shit - fiscally, globally, and domestically.


Mon, 06/02/2014 - 00:01 | 4815948 TheRideNeverEnds
TheRideNeverEnds's picture

Maybe so but the S&P is making new lifetime highs right now with every tick so as far as the market is concerned things have never been better.  

Mon, 06/02/2014 - 00:03 | 4815951 One And Only
One And Only's picture

The stock market has never had anything to do with the health of the economy.

People get this concept confused for some reason.

Mon, 06/02/2014 - 00:45 | 4816015 intric8
intric8's picture

The post dotcom bubble was a lot less artificial than what we're experiencing now. At least it was real money driving prices and we knew where that money was coming from. All this asset inflation going on with wages and workers dropping like flies makes no sense.

Mon, 06/02/2014 - 01:10 | 4816040 One And Only
One And Only's picture

Asset inflation is very ambiguous. Is it pull/push/monetary? You can't tell. That's been the problem. 

The FED (and other CB's) have created so much disinformation through monetary policy that it's hard to gauge.

We know the economy is contracting. That's about it.

Why people compare the health of the economy to stock prices is a mystery to me.

Mon, 06/02/2014 - 01:56 | 4816078 Zeta Reticuli
Zeta Reticuli's picture

Wall Street is a casino, and they always win in the long run. I remember one time I took the kids for a ride, and we were driving past Foxwoods Casino. It's a massive complex.

"Kids", I said, "Any time somebody tells you they are ahead of the game at the casino, remember this. All this was paid for by losers."

The best way to win is to not play. Wall Street doesn't even have a good buffet.

Sun, 06/01/2014 - 23:29 | 4815903 cherry picker
cherry picker's picture

Obama reminds me of some of the famous black comedians who were truly funny, except they were performing, he is really a clown.

The USA is not only a fascist state, it has become a laughing stock, like Mussolini's Italy.

Sun, 06/01/2014 - 23:42 | 4815922 bitHedge
bitHedge's picture

Everyone here understand the interconnectedness of derivatives RIGHT?!

our latest strategy is to Kamikaze the financial system?

Sun, 06/01/2014 - 23:49 | 4815930 MedicalQuack
MedicalQuack's picture

Well maybe with all that wealth going to Russia, is that why the Feds want to build a data base of all US consumer credit information then?

All kidding aside though this is a real thing and we have that sorry Chief of the Consumer Financial Protection Bureau to blame, no data mechanics knowledge and best we might hope for here is that the 1% gets mad and doesn't want this, otherwise us 99% will get stuck in this data base. 

There are some rumblings in Congress though about it with some objecting and I got to a couple of them so as a suggestion you might want to pound on your Congressman to get rid of this. 

When Obama appointed him two years ago I had my doubts and wrote it up as a guy who doesn't know algorithms and even a couple months ago in the White House privacy / big data report, even his friends, the White House said he lacked enough financial data what the heck...and now this is is big idea to collect and create a federal data base of the credit information on all in the US?  We have data brokers that do that stuff we would like to get rid of and now don't need it with the government.  Cordray is such a novice and suffers from the Sebelius Syndrome..some type of stuff and correlations. 

Sun, 06/01/2014 - 23:54 | 4815936 Spastica Rex
Spastica Rex's picture

Maybe we could do a realty TV show where captured foreign leaders we don't like have to sit in a closed room and eat bugs while being observed by CCTV cameras. We could vote by text message on whether or not they ate enough bugs to be let out.

Next on Must See TV: Putin Eats a Tarantula!

Good luck capturing the "reality" "stars," though.

Mon, 06/02/2014 - 00:04 | 4815952 magnumpk
magnumpk's picture

As obscure as the laws of economics are to these bozos, the law of unintended consequences is moreso.

Mon, 06/02/2014 - 00:12 | 4815967 NOZZLE
NOZZLE's picture

Who on this site thinks that  Sergeant Bowe Bergdahl wanted to gain his freedom by weakening America and exposing Americans to the animals that were cut loose by muslim apologist?

Mon, 06/02/2014 - 00:23 | 4815977 knukles
knukles's picture

About the only thing in your question with which I have empathy with is "Muslim apologists" which says it all. 
Everything else is peripheral and immaterial.
In fact, the relationship is far more engaged that "apologists".
Hows about more like sympathetic ... or supporters ...  or allies ....

Mon, 06/02/2014 - 00:20 | 4815975 knukles
knukles's picture

If I were a little green man dropped down from Mars (especially at Roswell) I'd marvel at how destructive "your" leader is to your own well being.
I mean, Fuck Me, Mate; there are No Unconsequential Actions in Life.
And what the fuck pray tell, is America doing fucking with the Russkies about gas pipelines (and petro-dollars) in which America has no part (or would benefit by remaining unengaged)
Yes, as that little green man from Mars, I'd conclude that America has Met its Enemy and It is It's Very Own Leadership Doing a Fuck All Spectacular Job of Killing America

In fact, I'd conclude that they were hired to do so and are doing great.
Just fucking great.

Mon, 06/02/2014 - 06:00 | 4816185 negative rates
negative rates's picture

We have met the enemy, and it is us.

Mon, 06/02/2014 - 08:00 | 4816322 ndree
ndree's picture

Anyone remember: " We are the ones we've been waiting for???"

Mon, 06/02/2014 - 08:20 | 4816370 HurricaneSeason
HurricaneSeason's picture

Obama and his Administration do not call the shots anymore than Bush did.  He is simply a speech reader.  When Goldman Sachs tells the outgoing president and incoming president and congress that the banks will receive a trillion in cash or extreme interest rates and martial law will immediately destroy the country, it's foolish to believe in a commander in chief.  There wasn't even a debate.  The Saudis own Goldman Sachs.

Syria is about Iran.  Ukraine is about Iran.  Russia is about Iran.  Israel, the Saudis and the military industrial complex agree about Iran even though they'd likely ejoy killing each other.  Obama, Hillary or the next Bush will get their memos on how the next speech will be written, but Putin will make fools of them.

Mon, 06/02/2014 - 00:22 | 4815978 orangegeek
orangegeek's picture

Barry can talk and corps can listen, but corps will cut Barry loose in a heartbeat if Barry gets too pushy.


This is a job for the CIA Barry - you know, where the CIA goes into another country and starts making trouble to make it look like someone else is doing it.

Mon, 06/02/2014 - 00:23 | 4815979 intric8
intric8's picture

You guys think the world hates us now? See what its like in three years. I want off this fucking planet. Hows that mars colonization plan going? I'd sign up in a heartbeat and happily not come back

Mon, 06/02/2014 - 00:27 | 4815986 knukles
knukles's picture

Fuck me, mate.
3 more years.  Only 62.5% over, 37.5% to go.
And it's on a roll.
Then 8 of Hillary.
You ain't seen nothin' yet.


Mon, 06/02/2014 - 02:54 | 4816116 therearetoomany...
therearetoomanyidiots's picture

I'm going long KY jelly!

Mon, 06/02/2014 - 04:30 | 4816152 tsuki
tsuki's picture

You have to apply through Russia. 

Mon, 06/02/2014 - 06:01 | 4816186 negative rates
negative rates's picture

And if only the moon was made of cheese.

Mon, 06/02/2014 - 00:40 | 4816009 q99x2
q99x2's picture

The money changers got hold of the press. Financial terrorists are in control of Washington D.C.

And I'm a buying the fucking dip.


Mon, 06/02/2014 - 00:52 | 4816023 Clowns on Acid
Clowns on Acid's picture

Obama, Susan Rice and Eric Holder made the decision NOT to discuss with Congress. See any similarities between those 3?

Affirmative Action, bitter toward white people, corrupt, without conscinece yet totally ineffective.

Mon, 06/02/2014 - 00:56 | 4816030 damicol
damicol's picture

So let me see if I have this right..


 The half wit demented Kenyan monkey wants to get the rest of the world to build a  fund to wage financial terror n Russia ....    ....... by using it to boost the S&P.


Nothing to do with the fact that the fucking  incompetent spivs at the Fed have burned trillions of ponzi useless fiat fucking dollar pieces of confetti and have no more to juice to the S&P.

But to wage economic war on Russia with out fallout.

 For anyone... hahahahaha...  the fucking monkey should ask China and Germany to contribute.

I love to hear the howls of laughter

Mon, 06/02/2014 - 01:26 | 4816060 nah
nah's picture

Crimea is Russia, there is plenty of gas and oil for a market of 1.2 billion freedom loving Crimean's

Mon, 06/02/2014 - 01:37 | 4816064 yogibear
yogibear's picture

The US commodity and derivative markets would be easy to blow with enough capital.

Buy billions in paper gold and demand delivery. Buy billions of physical before hand.

We all know there is much more paper than real gold.

Once delivery is defaulted the BS is discovered and forces the US to halt the market. Watch the turmoil once deliveries of gold cannot be met because it's subscribed at least 10 to 1. 

The IMF and Fed's naked gold shorts would also unwind and blow.

Mon, 06/02/2014 - 01:48 | 4816073 taraxias
taraxias's picture

If it ever gets to that then you should know that the nukes dropping on everyone's head can't be too far behind. What you described is an end game. As in end of life as we know it, not just the gold markets, financial world blowing up. 

Mon, 06/02/2014 - 01:59 | 4816083 qian liao
qian liao's picture

this is hilarious. if all governments simply worked on their own items and home agenda instead of crawling all over everyone else we would be better off. too much politics only makes the ongoing joke of "my politician is better than your politician" to greater levels of absurdity.  add war?  just intensified the supposed need for yet more government, "fighting for" the people.

Mon, 06/02/2014 - 02:12 | 4816091 SpanishGoop
SpanishGoop's picture

There is only one intelligent response to this plan:

MWOEHAHAHA, you stupid Americans.



Mon, 06/02/2014 - 02:44 | 4816112 asierguti
asierguti's picture

Thank you!!!!


You are bringing hyperinflation to the US sooner than I expected. Take SP500 to 10.000. You know, it shows how wealthy USA's 0.01% is.


Oh, btw, thank you for making it cheaper to buy Russian shares.

Mon, 06/02/2014 - 03:18 | 4816129 kurt
kurt's picture

PR puff piece to counter argument that US policy is bad for allies.

Another of example of trying to keep a fossilized edifice alive while hurting people and assure parasitic bleeding of an ailing economy. What the American people need is defence of the middle class, restoring productive jobs, and a war on those who are pulling our country down from inside, most important is re-instituting the Bill of Rights and Constitution as well as re-regulation of finance, banking and, that's right, protective tariffs plus a "Made in USA" friendly policy.

Mon, 06/02/2014 - 03:38 | 4816136 Vincent.Eugene....
Vincent.Eugene.Rothschild's picture

...I remember way back when, few years ago, the filth in Washington released a statement that any cyber attacks would be considered an act of war.  Doesn't this mean that the U.S. has commited an act of war against every nation currently drawn on the Earth?  Anyhow's, it would be nice to see financial attacks considered in the same category if not more strongly so.  Please, please, melt Ny and DC for us already... 

Mon, 06/02/2014 - 05:06 | 4816163 Obamanism
Obamanism's picture

Interesting point.

Everyone is scared of Computer "Viruses".  A virus is there to slow down or even kill what it infects. Computer software these are defined as a program designed to damage or disrupt the workings of a computer software or hardware so it is unusable.

The security state have produce Computer "parasites". A Parasite is there to live off the host, not to kill the host. If it kills the host it also dies.


Mon, 06/02/2014 - 04:33 | 4816153 All_Is_Well
All_Is_Well's picture

I know exactly what they're going to do....Enrole every Russian in Obamacare. That'll take em

Mon, 06/02/2014 - 04:42 | 4816158 Obamanism
Obamanism's picture

This is a shell game. Obama wants sanctions on Russia. Russia knows the only people that will suffer are the people in the EU. Russia will do more business with Iran and China making more money than they lose from the sanctions.

The EU will break the sanctions to honor their contracts and to make profit and stop going into recession. Obama will fine the EU companies that will be fined a small amount and decide to increase the price for the American market to pay for the fines.


All these new pipeline deals China and maybe Japan, 1000,s of miles of pipeline, pump stations, control systems etc all out of reach of the EU, German, French and UK companies because Obama wants sanctions. Go figure!


Mon, 06/02/2014 - 04:55 | 4816164 Quinvarius
Quinvarius's picture

They are just begging to have the Dollar cut out of world finance.  They just admitted they use the current USD based system to undermine countries.  Now it is just a geopolitical risk to be in it.

Mon, 06/02/2014 - 05:11 | 4816169 Carl Popper
Carl Popper's picture

It is incredible to watch obama kill king dollar isn't it?

Mon, 06/02/2014 - 08:59 | 4816455 10mm
10mm's picture

They WANT to kill the dollar, they already admitted it. Just ask Kyle Bass. Full steam ahead.

Mon, 06/02/2014 - 05:59 | 4816183 Bemused Observer
Bemused Observer's picture

It's unbelievable, isn't it? Guy just comes out and says "Yeah, we use our reserve currency status to manipulate markets for political gain..."
He just comes out and says it...just like that.
I especially liked the bit where he says that there will be some folks who get hurt...
Yeah right, but by all means, keep using our dollar to base all your own economies on, as we play this little game here...

Mon, 06/02/2014 - 05:08 | 4816168 Carl Popper
Carl Popper's picture

The next world is going to be a bizarro world I hope.   As we enter the Age of the Machine would you prefer stock wars or real wars?

Mon, 06/02/2014 - 05:45 | 4816175 amanfromMars
amanfromMars's picture

Founded to disrupt terrorist financing after the attacks of Sept. 11, 2001, the Treasury office now plays a central role in exerting pressure overseas as the American public has little appetite for military intervention.


"What we've done over the past 10 years is to create a new method of projecting U.S. power," Mr. Cohen said in an interview. "We do that in a way that is unique in the world."


His office includes an intelligence shop that scours bank reports and spy agencies' gleanings for financial patterns that could threaten U.S. security, making Treasury "the only finance ministry in the world with an in-house intelligence unit," Mr. Cohen said.

It is most unlikely and dangerously naive to imagine and believe that the only finance ministry in the world with an in-house intelligence unit is projecting US power. Seems like Mr Cohen is quite deluded and not the sharpest tool in the drawer. Or he just like to play the stupid fool .... which be equally odd and just as damaging.

Mon, 06/02/2014 - 06:14 | 4816197 3rd Pig
3rd Pig's picture

Obama releases 5 Afghani Warlords for one POW, on the eve of splitting from a 13 year old conflict in that country?

One of Obama’s top aides, ‘Biggy Brzezinski’ knows all the characters in that region, including this Guantanamo bunch, that have just been released.

In 1979 ‘Biggy’ was the overseer to the Mujahedeen resistance fighters, at the Soviet invasion of Afghanistan?

And the US is not planning to open another front on mother Russia?

What wealth effect would that have on Putin?

WW III Piggy’s - I tells ya.


Mon, 06/02/2014 - 08:19 | 4816368 lakecity55
lakecity55's picture

"Get these cuffs off, Abdul."

"They are just for show."

"It's the idea. What's up?"

"A new Job. Russia."

"Allahu Snackbar! Where are the vests?"

Mon, 06/02/2014 - 06:53 | 4816217 dpr10
dpr10's picture

Obama is a total dbag, what he and FED are doing dont help the American people besides the bankers and help the emerging markets pile on more leverage and even that is coming to an end. 

Mon, 06/02/2014 - 07:00 | 4816222 lucyvp
lucyvp's picture

excellent news.   Maybe this will bring some good companies down to nice valuations, and I can trade my puffed up potemkin u.s. stocks for them.

Mon, 06/02/2014 - 07:11 | 4816234 Nexus789
Nexus789's picture

The Amercian eunoch proclaims its sexual potency.

Mon, 06/02/2014 - 07:43 | 4816284 dizzyfingers
dizzyfingers's picture

Monkeys in charge. USA!

Mon, 06/02/2014 - 07:50 | 4816295 NoWayJose
NoWayJose's picture

If they have been working on this plan for 10 years it just shows that neither Bush nor Obama are actually in charge - someone or something else is. And because a President does not control this, it means that this is NOT the first time it has been used, nor will it be the last.

Mon, 06/02/2014 - 07:55 | 4816308 buzzsaw99
buzzsaw99's picture

the maggots are looting the usa corporations into bankruptcy and getting fabulously wealthy in the process. meanwhile the Office of Terrorism and Financial Intelligence whacks their puds to free internet porn and looks for scraps to steal from under putin's table

Mon, 06/02/2014 - 07:54 | 4816310 RadioactiveRant
RadioactiveRant's picture

Do you remember back when sanctions and money printing were used to hurt your enemies rather than damage your own interests?

Mon, 06/02/2014 - 08:12 | 4816350 TruthTalker
TruthTalker's picture

The bottom line is gold is the best protection for investors in the coming wealth destruction


Senior Obama Official Says "We Are Going To Kill The Dollar"
Mon, 06/02/2014 - 08:32 | 4816391 SMC
SMC's picture

Pissing up a rope.

One of the few acts Obummer and company are good at.

Yet another reason for the world to stop using the US dollar ASAP.

Mon, 06/02/2014 - 09:14 | 4816497 d edwards
d edwards's picture

Sometimes weapons blow up in your face.

Mon, 06/02/2014 - 09:52 | 4816570 Bastiat
Bastiat's picture

So these financial sanctions will be unleashed because Russia has NOT invaded Ukraine?  These people are nuts.

Mon, 06/02/2014 - 12:41 | 4817157 RMolineaux
RMolineaux's picture

One is impressed by the enthusiasm with which the Treasury's Office of Foreign Assets Control (whatever its new name is) is attempting to bludgeon any nation, institution or individual who disagrees with US policies in the Ukraine and elsewhere.  Just who exactly are these selected bureaucrats working for?   The net result of their bullying will be to accelerate the process of replacing the US dollar as the world's reserve currency.  Are they working in league with Vicky Nuland and the neo-con cabal?  Do Kerry or Obama have any control over their behavior?  Let us not forget that it was the US that threw the first punch in the current dispute with Russia when it actively supported the overthrow of the elected government by mob violence and installed their own puppet. 

Mon, 06/02/2014 - 12:50 | 4817198 kurt
kurt's picture

Why would anyone brag about a Dirty Tricks department? Are they not just inviting all others to engage in the same practice. Nice World ASSHOLES!

Mon, 06/02/2014 - 15:02 | 4817630 Joe Tierney
Joe Tierney's picture

B'Crack O'Bag Balma is so desperate for any kind of foreign policy win that he's jumping on the Russian "retreat" in Ukraine and howling about his "success".


In playing around with such 'weapons of mass wealth destruction' Treasury is flicking their Bics next to the bomb fuse. The rickety U.S. financial order has far more to lose than Russia-China-India-Iran et al does. This kind of arrogant dumbass behavior is only going to push those players in the rising East to bug-splat the dollar sooner and more completely than before.


These morons in the U.S. govt are strutting onto the battlefield, playing all-out war, whilst wearing protective vests made out of paper money (dollars). That's just asking for it, right in the chest, for crying out loud.

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