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Putin Advisor Proposes "Anti-Dollar Alliance" To Halt US Aggression Abroad

Tyler Durden's picture




 

It has been a while since both Ukraine, and the ongoing Russian response to western sanctions (which set off the great Eurasian axis in motion, pushing China and Russia close together, and accelerating the "Holy Grail" gas deal between the two countries) have made headlines. It is still not clear just why the western media dropped Ukraine coverage like a hot potato, especially since the civil war in Ukraine's Donbas continues to rage and claim dozens of casualties on both sides. Perhaps the audience has simply gotten tired of hearing about mixed chess/checkers game between Putin vs Obama, and instead has reverted to reading the propaganda surrounding just as deadly events in the third war of Iraq in as many decades.

However, "out of sight" may be just what Russia's political elite wants. In fact, as VoR's  Valentin Mândr??escu reports, while the great US spin and distraction machine is focused elsewhere, Russia is already preparing for the next steps. Which brings us to Putin advisor Sergey Glazyev, the same person who in early March was the first to suggest Russia dump US bonds and abandon the dollar in retaliation to US sanctions, a strategy which worked because even as the Kremlin has retained control over Crimea, western sanctions have magically halted (and not only that, but as the Russian central bank just reported, the country's 2014 current account surplus may be as high as $35 billion, up from $33 billion in 2013, and a far cry from some fabricated "$200+ billion" in Russian capital outflows which Mario Draghi was warning about recently). Glazyev was also the person instrumental in pushing the Kremlin to approach China and force the nat gas deal with Beijing which took place not necessarily at the most beneficial terms for Russia.

It is this same Glazyev who published an article in Russian Argumenty Nedeli, in which he outlined a plan for "undermining the economic strength of the US" in order to force Washington to stop the civil war in Ukraine. Glazyev believes that the only way of making the US give up its plans on starting a new cold war is to crash the dollar system.

As summarized by VoR, in his article, published by Argumenty Nedeli, Putin's economic aide and the mastermind behind the Eurasian Economic Union, argues that Washington is trying to provoke a Russian military intervention in Ukraine, using the junta in Kiev as bait. If fulfilled, the plan will give Washington a number of important benefits. Firstly, it will allow the US to introduce new sanctions against Russia, writing off Moscow's portfolio of US Treasury bills. More important is that a new wave of sanctions will create a situation in which Russian companies won't be able to service their debts to European banks.

According to Glazyev, the so-called "third phase" of sanctions against Russia will be a tremendous cost for the European Union. The total estimated losses will be higher than 1 trillion euros. Such losses will severely hurt the European economy, making the US the sole "safe haven" in the world. Harsh sanctions against Russia will also displace Gazprom from the European energy market, leaving it wide open for the much more expensive LNG from the US.

Co-opting European countries in a new arms race and military operations against Russia will increase American political influence in Europe and will help the US force the European Union to accept the American version of the Transatlantic Trade and Investment Partnership, a trade agreement that will basically transform the EU into a big economic colony of the US. Glazyev believes that igniting a new war in Europe will only bring benefits for America and only problems for the European Union. Washington has repeatedly used global and regional wars for the benefit of  the American economy and now the White House is trying to use the civil war in Ukraine as a pretext to repeat the old trick.

Glazyev's set of countermeasures specifically targets the core strength of the US war machine, i.e. the Fed's printing press. Putin's advisor proposes the creation of a "broad anti-dollar alliance" of countries willing and able to drop the dollar from their international trade. Members of the alliance would also refrain from keeping the currency reserves in dollar-denominated instruments. Glazyev advocates treating positions in dollar-denominated instruments like holdings of junk securities and believes that regulators should require full collateralization of such holdings. An anti-dollar coalition would be the first step for the creation of an anti-war coalition that can help stop the US' aggression.

Unsurprisingly, Sergey Glazyev believes that the main role in the creation of such a political coalition is to be played by the European business community because America's attempts to ignite a war in Europe and a cold war against Russia are threatening the interests of big European business. Judging by the recent efforts to stop the sanctions against Russia, made by the German, French, Italian and Austrian business leaders, Putin's aide is right in his assessment. Somewhat surprisingly for Washington, the war for Ukraine may soon become the war for Europe's independence from the US and a war against the dollar.

 

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Wed, 06/18/2014 - 19:31 | 4871602 7.62x54r
7.62x54r's picture

The US has had a fascist economy since FDRs New Deal.

Wed, 06/18/2014 - 11:44 | 4869519 BadDog
BadDog's picture

Slightly off topic but not really.  Dead bankers.

http://www.huffingtonpost.com/2009/09/15/james-mcdonald-dead-rocke_n_287...

Wed, 06/18/2014 - 12:38 | 4869789 lasvegaspersona
lasvegaspersona's picture

Bad Dog

hmmmm 2 Rockefeller related deaths in a week. First the grandson in a plane crash and now an advisor....I wonder...

Wed, 06/18/2014 - 13:04 | 4869961 Wooden Tiger
Wooden Tiger's picture

This death took place in 2009

Wed, 06/18/2014 - 11:44 | 4869520 tostaky06
tostaky06's picture

ahahahaha, go back home US with all your printed money !

Wed, 06/18/2014 - 11:46 | 4869530 SmittyinLA
SmittyinLA's picture

Hey Putin attacking the dollar will make things worse and drive more invasion and resource theft, a better response would be to rat out all the Soviet era warmongering leftist traitors in your back pocket in the US govt.

Russia is ex-Communist you don't owe American traitors any loyalty in fact you owe them a lil payback, they're overdue for some bullets to the back of the head.

Wed, 06/18/2014 - 12:22 | 4869699 gcjohns1971
gcjohns1971's picture

The sad and almost-always-overlooked fact of world politics is this:

EVERYONE is now a National Socialist (NAZI).

Some (Russia/China) started their treks as International Socialists (a.k.a. Communists).

Some started as Nationalists who adopted socialism (UK & US).

Some were NAZI from the beginning, or as soon as they cut their Absolute Monarchs' powers, and then learned in WWII to keep their international policy covert (European Continent).

But the hysterical wails of "NAZI! NAZI!" are comical if you actually examine countries real policies. 

They are all Nazi's.

Wed, 06/18/2014 - 12:39 | 4869797 Dublinmick
Dublinmick's picture

Smitty, get off the whiskey man.

Wed, 06/18/2014 - 19:32 | 4871606 7.62x54r
7.62x54r's picture

Why would he do that? Those retread hippies are doing far more damage to the US while they are in charge.

Wed, 06/18/2014 - 11:56 | 4869568 falak pema
falak pema's picture

China is up to its ears in corporate bond borrowing of US T; (14 T ?); so Putin's best short term choice is EU.

The divide and ruin neo-con strategy now enters a crucial state where the EU will have to either opt for FED led monetary hegemony at their cost or Putin led revolt--with as downside the Gazprom preeminince and increased exposure to MIC of Putin as collateral risk. 

EU can't win on all fronts. As it is internally divided north and south and bailed out by ECB plays; as well Merkel vs Cameron stand off for determining if Anglo banks get saved in the eventual but inevitably planned banking "bail in" type reset. 

All western monetary lines are now in the eye of the cyclone depending on how the geo politics play out in 2014/2015. No monetary construct ($:euro:£:yen) is safe haven. Nor is the proverbial Jerusalem of western wealth, the WS asset class of DJ/NASdaq stocks, a true safe haven.

Things are moving very fast in ME, as the cracks appear in US Oligarchy; on budget and foreign policy;  on how to maintain its MIC cum monetary hegemony. 

Wed, 06/18/2014 - 12:07 | 4869638 gcjohns1971
gcjohns1971's picture

The real power in Europe does not lie in the House of Brussels, nor in the national capitals.

It lies in the House of Rothschild.

AND...

The real power in the US does not lie in the White House.

It lies in the Rockefeller House.

 

Before you form ideas of the future course of the game, you must take into account who the real players are.

 

FWIW, indications from previous G8 meetings are that there are some real divisions in how the Rockefellers and Rothschilds see the world.

Wed, 06/18/2014 - 13:06 | 4869975 lakecity55
lakecity55's picture

Rockafella+Red Shield=The Two Big Players.

Wed, 06/18/2014 - 13:29 | 4870051 falak pema
falak pema's picture

House of Rothschilds and house of Rockafellas may be part of the equation.

What you have to understand is that the current capitalist system has attained permanent instability à la Minsky moment.

Which means neither JPM, nor the squid, nor the FED, nor the ECB, can really plan and predict the future. So all this planning the future is beyond all the key financial players.

Systemic risk and instability is so high that few players are hedge units, most are speculative and SOME big ones are totally PONZI, based on Minsky's definition of financial institutes when the debt factor becomes CRUCIAL; as today. 

When the oil price hits 125 + on a consistent basis, when the interest rates hit 3/4% without ability to come down,  we will be on the financial Titanic facing the berg. No amount of money creation will then save the system.

The geopolitical developments today unfurling in front of our eyes add fuel to the fire on the financial Titanic.

It is clear that when things get so rough and unstable the cohesion amongst former Oligarchy allies becomes divisive when thieves fall out. We are there on the ME-Pax Americana coalition front. 

Thus those Oligarchy decision makers will be dead meat like all of us when the boat hits the rock. (Maybe less so as they will survive with some of their huge wealth, not so us.)

Wed, 06/18/2014 - 22:06 | 4872067 NickVegas
NickVegas's picture

I call disinfo on this. The house of Rothschild has survived since the 1600's and I would imagine long before that date, but unnamed in history.

Wed, 06/18/2014 - 11:54 | 4869577 ncdirtdigger
ncdirtdigger's picture

Jimmy says, 'you go girl'!

Wed, 06/18/2014 - 11:58 | 4869594 No Quarter
No Quarter's picture

 

 

I'm all for America, Fuck the government - Eminem

Wed, 06/18/2014 - 11:58 | 4869595 Captain Obvious.
Captain Obvious.'s picture

Chess and cookies, anyone?

Wed, 06/18/2014 - 12:01 | 4869611 gcjohns1971
gcjohns1971's picture

I have relatives in Russia.

 

They say there are three camps in Russia right now:

1) Putinites

2) The "Everything Russian Is Bad" crowd.

3) Everyone else.

 

Number 3 is the target of both official and unofficial oppression, jailing, vandalism, harrassment, etc.

I know that no one will want to hear this:

Before you present Russia as a Utopia you should know that things are different and more restrictive there as a Russian Citizen than as a visitor.  Many of the new so-called "Police State" activities people are upset about in the US are long standing policy in Russia. 

For one thing you have to have both 'Internal' and 'External' passports.  You cannot leave your registered home town without the 'internal' passport.

And as bad as the Dollar is, it has been much more stable over time than the Ruble.  This is why ordinary Russians keep alternate currencies in the Bank of Sealy.   The ones who didn't got wiped out in 1925, 1946, 1985, and 1998.

If you are looking for the Russian Government to give you a currency that is not manipulated for their benefit in EXACTLY the same way that the US manipulates the Dollar -  history would suggest you will have a LONG, LONG, LONG wait.

Okay, put me in front of the firing squad now!  We don't need no stinkin' reality!  I know...

Wed, 06/18/2014 - 12:45 | 4869837 ross81
ross81's picture

whoever said Russia is a utopia? I have no doubt there are internal restrictions in many facets of life there. Most here are just against the Anglo-Americans (or "West" or whatever you want to call them) constantly poking and prodding, and then poking and prodding some more.......followed by massive squeals of horror when the bear swipes a paw back in anger.

Wed, 06/18/2014 - 12:53 | 4869897 Winston of Oceania
Winston of Oceania's picture

Really just a circus bear now... No teeth fat and lazy...

Wed, 06/18/2014 - 13:48 | 4870183 Malachi Constant
Malachi Constant's picture

You cannot leave your registered home town without the 'internal' passport.

This is a lie, which makes it entirely possible that everything else you say is, too.

Thu, 06/19/2014 - 06:07 | 4872743 Grumbleduke
Grumbleduke's picture

In Germany you're required to have your ID with you! Always. If not, you will be fined and you will have to produce it at a police station near you. Not exactly "forbidden", but is seen as minor offence, and it'll cost you.

Another one: the police can stop and frisk you anytime - feet, bike, car, doesn't matter. They can search your car anytime they want, no need for a search warrant. I understand this upsets many constitutionalists in the US. But in western Europe these things are standard for a long time. I'm not saying I like it,  but it is like it is. So I think this guy didn't lie, he just lacks of vocabulary (?)

Wed, 06/18/2014 - 14:27 | 4870381 Canucklehead
Canucklehead's picture

The comical aspect of this article is... what will Iran do?  Does Iran follow Russia's lead?  Where will that take them?

Wed, 06/18/2014 - 17:50 | 4871220 pagan
pagan's picture

"For one thing you have to have both 'Internal' and 'External' passports.  You cannot leave your registered home town without the 'internal' passport."

Are you serious? This was during the communist era. Surely not now?

Thu, 06/19/2014 - 07:29 | 4872833 avenriv
avenriv's picture

that is the goverment issued ID.

all the european countries have this system.

but i do not think anybody here says russia is freer than US. they are very blunt in their controls, they do not have the subtility others have.

the russians do not know what democracy is; they never really experienced it.

and their more democratic minds made huge mistakes. at the last presidential elections the oposition's candidate was the chess champion GK; but that guy has one little problem: he is married to an american and lives in NY.

do you remember the ukrainian opposition leader, the boxer ? he was the face of the last ukrainian revolution. he even declared his intention to be contender for president. but then he gave up. why ? he is resident in germany.

what do you think the american people will say if an american candidate lives in moskow and is married to a russian woman ?

USA is still the dream of poor people in the world.

 

Fri, 06/20/2014 - 06:40 | 4877245 smacker
smacker's picture

"Before you present Russia as a Utopia..."

This is one of the great misunderstandings mentioned by some people on ZH. Just because a lot of people here agree with certain actions taken by Putin or get a kick when he humiliates Obama (who wouldn't ;-)) etc does not mean they are supporters and followers of Russia and Putin. These same folks are smart enough to know a bit about Russia and its corruption etc.

What you are seeing is an anti-Obama reflex, not a pro-Putin reflex.

Wed, 06/18/2014 - 12:04 | 4869621 SmittyinLA
SmittyinLA's picture

We call your checkmate and raise you $600B a year china trade surplus, game set match, the Chinese would eat their children for a buck.

Wed, 06/18/2014 - 12:29 | 4869741 TruthTalker
TruthTalker's picture

so would most Americans - why do you think we have the problems we have?  https://www.youtube.com/watch?v=RITqP83JawE

Wed, 06/18/2014 - 12:20 | 4869696 eddiebe
eddiebe's picture

Wow, now that took balls. I would imagine this will get traction. The US bankster war-machine has made too many enemies for the dollar hegemony to last.

Wed, 06/18/2014 - 12:49 | 4869874 MSimon
MSimon's picture

But of course Russian/Chinese hegemony is invncible.

Wed, 06/18/2014 - 12:28 | 4869737 TruthTalker
TruthTalker's picture
Fraud 70%+ of US GDP Bust Out Scheme https://www.youtube.com/watch?v=RITqP83JawE
Wed, 06/18/2014 - 12:39 | 4869795 luckylongshot
luckylongshot's picture

It was always about getting rid of the dollar and because of this Russia will not step in to stop American backed nazis from murdering lots of innocent civilians in the Ukraine. Hopefully the criminals behind all this in Washington will end up in jail.

Wed, 06/18/2014 - 12:45 | 4869834 sunny
sunny's picture

"Hopefully the criminals behind all this in Washington will end up in jail."

In your dreams.  Hell will freeze over twice before anyone is DC is held responsible for such actions.

Wed, 06/18/2014 - 12:49 | 4869875 Winston of Oceania
Winston of Oceania's picture

Well they have a very long way to go to catch up with what Russians have been doing to them for the last 100 yrs or so.

Wed, 06/18/2014 - 12:41 | 4869809 russwinter
russwinter's picture

Vladimir Putin Knows Things:

http://winteractionables.com/?p=12053

 

Wed, 06/18/2014 - 12:49 | 4869867 yogibear
yogibear's picture

Russia has the technology to snoop on the Whitehouse.

The Federal Reserve not being able to deliver gold says a lot. 

Wed, 06/18/2014 - 12:46 | 4869841 gcjohns1971
gcjohns1971's picture

Paragraph 4 is funny.

Here is a more entertaining version of it:

https://www.youtube.com/watch?v=U_eZmEiyTo0

 

Which character in the video is Russia?  And which is the US?  I can see it either way. 

But Europe is definitely the 'Princess'.

Wed, 06/18/2014 - 12:46 | 4869842 Son of Captain Nemo
Son of Captain Nemo's picture

"Somewhat surprisingly for Washington, the war for Ukraine may soon become the war for Europe's independence from the US and a war against the dollar."...

Say when?!!!

I think the rest of the World is asking the same question!!!  Not a good time at all to be an American and we have nobody to blame but ourselves! 

http://www.liveleak.com/view?i=6c5_1403067996

http://usa.chinadaily.com.cn/2014-06/17/content_17595524.htm


Wed, 06/18/2014 - 12:50 | 4869881 wonderatitall
wonderatitall's picture

anti war.....why we got a peace prize p-rez.....you drop the dollar and big barrack will kill you ,warmongers

 

Wed, 06/18/2014 - 12:48 | 4869856 MSimon
MSimon's picture

Ah. The pro war anti-war coalition. Peace for our time.

Wed, 06/18/2014 - 12:54 | 4869907 pelican
pelican's picture

Lets face it... Everyone knew this was coming, except the hubris filled ones in DC.

Wed, 06/18/2014 - 13:00 | 4869940 TalkToLind
TalkToLind's picture

If you've got some physical gold or silver, you're already a member of the Alliance.

Wed, 06/18/2014 - 13:05 | 4869969 kurt
kurt's picture

Comes down to this:

How much do you want it to cost following bad advice, policy, and planning. It doesn't matter how old the policy is. It does go back to the post WWII when George Kennan and the Dulles brothers and certain soon to be dispossesed military industrialists. Even before. But look at the anti-communist film noire and you will see the propaganda machine running full tilt. Now look look at Jack Ryan "Shadow Recruit" and there is absolute continuity in this nuevo cold war pump and dump.

Draw a line people. The legacy crap, the sheer weight of the overhang, cascade failure imminent. Whose will are you following? Why?

Dump Nudelman, Kagen, Soros, Koch Bros., Zionists, Neocons, Brzezinski, NGO's, Georgia Guidestone Group, Janus Scholars, Wolfowitz. Stop following the Rich: they got that way by leading you by your nose ring! They think they're cute by using war as a way to euthanize swaths of peoples. Reverse Citizens United, No to TPP, No Agenda 21.

We can excape our problems through another door. The door is innovation.

Wed, 06/18/2014 - 13:16 | 4870025 gcjohns1971
gcjohns1971's picture

As we all look to someone to save us from this mess, just keep one thing in mind.

Everyone who offers to 'save' you has the same name.

M-A-S-T-E-R

 

Maybe we'd be better off looking to the man in the mirror?

Wed, 06/18/2014 - 18:55 | 4871468 One of We
One of We's picture

cue gratuitous Metallica interlude......

Master of Puppets I'm pulling your strings
Twisting your mind and smashing your dreams
Blinded by me, you can't see a thing
Just call my name, 'cause I'll hear you scream
Master
Master

Wed, 06/18/2014 - 13:16 | 4870026 RaceToTheBottom
RaceToTheBottom's picture

I am proposing a financial system based on the contents of Pez dispensers.

Who is with me?

Wed, 06/18/2014 - 13:42 | 4870153 SmittyinLA
SmittyinLA's picture

Pez candy is almost as debasable as paper currency.

Wed, 06/18/2014 - 13:44 | 4870159 SmittyinLA
SmittyinLA's picture

Pez candy is almost as debasable as paper currency.

Thu, 06/19/2014 - 06:53 | 4872778 Grumbleduke
Grumbleduke's picture

I am for a currency based on blowjobs and cheeseburgers. All you need... (stole it from Doug Stanhope).

Wed, 06/18/2014 - 13:27 | 4870085 DaveA
DaveA's picture

The US government could easily vaporize all Treasury notes in Russia's possession, and they could also void dollars held electronically by Russian banks. Only physical notes would remain, but not for long.

Although destroying dollars would technically be deflation, no one wants to hold a currency that turns to dust at a politician's whim. There would be a worldwide mad dash to convert dollars and dollar obligations to hard assets at any price.

Please tell me the Obama administration isn't stupid enough to even consider such a move.

Wed, 06/18/2014 - 15:10 | 4870627 AnAnonymous
AnAnonymous's picture

That is a funny comment. Very 'american' Very wrong.

One reason 'americans' want their hands on the State is that they want to be protected from the negative actions performed by a State.

As long as 'americans' are on the good side of 'americanism', they do not care.

Wed, 06/18/2014 - 13:28 | 4870086 Oldrepublic
Oldrepublic's picture

It is Auld Lang  Syne  for the fiat dollar system

Wed, 06/18/2014 - 13:38 | 4870134 Incubus
Incubus's picture

Oh, fuck.

Hyperinflation time.

 

QUick... /// someone giv e me a fucking credit card I ned to swipe plZ!

Wed, 06/18/2014 - 13:49 | 4870186 MarkAntony
MarkAntony's picture

The thing is that this script was written a long time ago and we're just watching it play out in several acts. All the so called "news-makers" are actors playing out their roles for the masses and we are close to the final act.

We will reset. Soon.

Wed, 06/18/2014 - 13:56 | 4870213 Jano
Jano's picture

You, US citizens, have a problem with the debt. The debt will not be wiped out by abandoning the dollar.

Your government will have to spark an all-out war, to dump the unpayable debt.

thats a big problem also to the whole world.

Either you enslave and kill us, or we kill you, that is a sad reality.

Am from Austria.

Wed, 06/18/2014 - 14:02 | 4870233 pakled
pakled's picture

Rand Paul for President

Wed, 06/18/2014 - 21:03 | 4871853 IndianaJohn
IndianaJohn's picture

President of Israel ?

Wed, 06/18/2014 - 14:09 | 4870283 Jack Burton
Jack Burton's picture

" Glazyev believes that the only way of making the US give up its plans on starting a new cold war is to crash the dollar system."

This is absolute fact. No words are more true than these. The entire US world domination and empire system rides on a printable dollar that retains it's store of value even though printed in it's trillions out of thin air. Do you imagine the Raw POWER, that being able to print your wealth gives you. Over say nations that must produce and sell in order to gain reserves and tax revenues. Whereas the USA simply needs to print it's consumer dollars, and to print it's 1 trillion plus a year in military and spy spending. This is unprecidented in human economic history that one nation shall enjoy unlimited wealth based on the simple printing of green paper.

Not only Russia, but China and other Bricks pick up the burden of this dollar system, when everything sorts out in the financial world, the dollar printing ends up as a burden for producers.

 

Wed, 06/18/2014 - 16:01 | 4870859 Jackagain
Jackagain's picture

They crash the Dollar and it will start a hot war, not a cold war. Why do you think the US went into Iraq (Saddam selling oil to Euros) and they took down Libya (the gold backed Dinar idea).

They will not give up their cash cow that easily....

Wed, 06/18/2014 - 20:45 | 4871798 Ocean22
Ocean22's picture

Or if crashing the dollar is the plan to shake the world and bring in a *new* world currently. One step closer to the NWO. Everyone is playing their part.

Wed, 06/18/2014 - 15:06 | 4870612 AnAnonymous
AnAnonymous's picture

I, an American, sovereign of body and mind, volunteer because freedom is the answer.

Signed: an American.

Wed, 06/18/2014 - 21:01 | 4871845 IndianaJohn
IndianaJohn's picture

I an a dumb bull. But I an glad to know that I an not the dumbest commenter at ZH.

Wed, 06/18/2014 - 17:16 | 4871143 RMolineaux
RMolineaux's picture

Two urgent questions:

Poroshenko says he has ordered a cease fire.  Can he successfully override the CIA operatives occupying an entire floor of his security building?   Or will he confirm his status as a powerless puppet?

If the US imposes a selective default on Treasury securities held by Russia, as suggested by Mr. Glazyev, will that trigger the default provisions of all the credit default swaps outstanding on US debt?  Or will some kind of weasel be arranged, as was the case in Greece?

Wed, 06/18/2014 - 18:24 | 4871334 Jack Burton
Jack Burton's picture

That is a good question. Since the US calls the shots, the Cease Fire is probably part of the US plan. Remember, this cease fire is short and only to allow the Self Defense Forces to surrender and for civilians to leave. After the cease fire, the Kiev leader will delcare a free fire zone, and the killing will escalate.

Wed, 06/18/2014 - 18:37 | 4871385 Volkodav
Volkodav's picture

Da  Kyiv's Forest Nazi death squads have executed surrendered unarmed, wounded, hospital staff, people on streets and Ukraine troops refusing orders to attack civilians.

Expect execution and worse for any Self Defense that lay down arms.

 

 

Wed, 06/18/2014 - 20:08 | 4871709 TrulyStupid
TrulyStupid's picture

All CDO's are calculated on the premise that defaults will NEVER occur. In the case of Greece and probably Russia and any other sovereign default, it will be declared that it is not a default event for purposes of CDS. Presto...CDS are revealed (again) as another bankster scam. The joke's on you.

Wed, 06/18/2014 - 17:44 | 4871202 Peter Pan
Peter Pan's picture

Between the fine intellectual legacy that was forming in the early years of the American nation and the great leaps of Silicon Valley it would have been expected to see a great nation that would have rightfully claimed its place alongside such entities as the Roman and Byzantine Empires.

Unfortunately, the desire of American business to infiltrate, dominate and subjagate every financial sphere required the presence of the US army in all corners in order to advance and impose that agenda.

The rest is a sorry history of money printing, destruction of its monetary system and an ever growing list of US enemies.

If this is how one goes about establishing one world government then this planet will truly become the planet of the äpes". Or are we there already?

Wed, 06/18/2014 - 17:47 | 4871212 tony bonn
tony bonn's picture

the united states is the number 1 terrorist organization in the world, in part because its state department, intelligence squid, and presidency are owned lock stock and barrel by citizens of the number 2 terrorist organization in the world - israel.

thus, to protect itself, the people of the world must renounce the dollar, and take protective measures against these blood thirty murdering thugs.

Wed, 06/18/2014 - 18:20 | 4871317 crazytechnician
crazytechnician's picture

"Russian companies won't be able to service their debts to European banks" ?

Is that a sanction or a blessing ?

Wed, 06/18/2014 - 18:21 | 4871323 Ocean22
Ocean22's picture

One minute warning to the America people.

http://youtu.be/_QZLuu_8du4

Wed, 06/18/2014 - 18:56 | 4871474 highwaytoserfdom
highwaytoserfdom's picture

time for some rules of  engament..  We cannot let BP export our gas to china delay paying there fines  issued.  More over how did the brits get drilling rights in Alasaka?  

 

Wed, 06/18/2014 - 19:46 | 4871653 7.62x54r
7.62x54r's picture

By bidding for them, like everyone else.

Tata mines a lot of ore in Wyoming for rare earth metals, and ships the ore to India for processing. Processing ore in the US is too expensive, and way too regulated. Mining Act of 1872 claims are pretty cheap, and you don't need to be a citizen to make a claim.

Oil leases are a bit more expensive.

Wed, 06/18/2014 - 19:08 | 4871518 mc225
Wed, 06/18/2014 - 19:14 | 4871536 Iambic PentaMaster
Iambic PentaMaster's picture

What a colossal waste of time and energy.

They're only worthless Obama dollars after all.

Wed, 06/18/2014 - 19:20 | 4871556 SMC
SMC's picture

Considering the consistent buffoonery and laughable fiduciary conduct of the current American regime versus competent opposition... odds are that the dollar will have significantly less commodity value in international trade very soon.

Most of us have been expecting this for years and have prepared accordingly. A prudent strategic focus for each of us may be to develop plans to counter probable legislative and regulatory measures which will be sold as being necessary to "save the nation" but in reality will be implemented to "protect" the crony-capitalists and their political minions from economic hardship.

The Russians may be able to block the US and NATO from doing more international damage, however they will not be riding to Main Street America's rescue.

We will have to save ourselves.

Wed, 06/18/2014 - 19:28 | 4871592 general ripper
general ripper's picture

From Dr Strangelove......

Goldie (radio communications): "Captain, I know this is going to sound crazy, but todays code reads Wing attack, plan R

General Kong (B52)Captain): Goldie, did you say wing attack, Plan R

Goldie: Yes I did captain, R as in Romeo

After confirmation from base

General Kong: Well boys looks like this is it, nu-clear combat toe to toe with the ruskies!

Wed, 06/18/2014 - 19:48 | 4871625 lakecity55
lakecity55's picture

Somewhat off-topic, but stunning.

I think Beck's people put this together; I am not a real Beck fan, but this is good reporting. Good reporting.

http://theconservativetreehouse.com/2014/06/18/cia-operation-zero-footpr...

Bath House and Clitton should be, by any rights at all, sitting in Guantanamo with bags on their heads.

They overthrew a Sovereign government and murdered its Leader. With Extreme Prejudice. Their crimes must be stacking up to Heaven itself with the stench of Death. The utter corrupuption of the USG is astounding.

Wed, 06/18/2014 - 23:56 | 4872395 Steel Magnolia
Steel Magnolia's picture

Stunning is an understatement. We have been saying for 2 yrs that Obama& Hillary were running guns to the enemy. Didn't know the gang of eight involved but that damn well explains congress not wanting investigations. This is treason in the highest degree. Stay alert, the insane are running the asylum & things are spinning out of control.

Thu, 06/19/2014 - 08:38 | 4873007 lakecity55
lakecity55's picture

If we extrapolate from there, we know where ISIL got their weapons. Now, are they rogue,, or are they directed by an intelligence service. Do not forget the Prime Directive of the west: stamp out all arab nationalism. Of course, ISIL is more sharia-based, but they do intend a Caliphate in the Levant. One opposed to Iran.

In a normal paradigm, I would know  what is going on; with the Senior Advisor to the POTUS being a natural-born Iranian, all bets are off.

The only thing I am 100% sure of is the POTUS is not an American nor loyal to America.

With POTUS himself having only a half-page cv, it is not unrealistic to assume many others in the administration are equally uneducated except in ideology.

Wed, 06/18/2014 - 20:21 | 4871738 Dublinmick
Dublinmick's picture

BruntFCA

"Istead of US I was going to say the Anglo-American establishment, to which you need to add the Zionists. The US is not in debt to London; London cannot issue Federal Reserve Notes or debt. The US is not in any real danger of not being able to notionaly "pay" the debt, as Alan Greenspan pointed out."

You are wrong the US social security numbers are printed in London. By law the US is a bankrupt institution and her agencies collect tax money on behalf of the crown.

http://www.in5d.com/40-outrageous-facts-most-people-dont-know.html

Once you can grasp this, the dots will become bigger for you. As for Alex Jones, I don't pay any attention to what he has to say but if you think pyramid structure is a wild conspiracy issue you have much to learn.

Wed, 06/18/2014 - 21:16 | 4871888 Atlas Crapped
Atlas Crapped's picture

"More important is that a new wave of sanctions will create a situation in which Russian companies won't be able to service their debts to European banks."

Now we're talking. Do not underestimate this, as this is the real play. Zero Hedge has come of age with this one. Watch how time tells all.

www.roacheforque.blogspot.com

Wed, 06/18/2014 - 21:58 | 4872039 Dr. Gonzo
Dr. Gonzo's picture

He's being polite. I would have phrased it: "Only way to stop the murder and plunder."

Wed, 06/18/2014 - 22:39 | 4872160 AdvancingTime
AdvancingTime's picture

 Too many people it appears a struggle is occurring to unseat America as the words most dominate nation. Too many proud Americans who see the world from the unenlightened and possibly undefendable position the United States has a right to be in control it is both threatening and frustrating to see control slip away.

It is threatening to think the country might quickly fall to the position of a second rate power mired in debt with many of the options we have come to see as our right suddenly ripped away. It is frustrating that in many ways the country has become its own worse enemy guilty of political inaction and squandering its power through a series of bad choices and missteps. More on this shift in power and our best response in the article below.

http://brucewilds.blogspot.com/2014/06/americas-struggle-to-stay-on-top....

 

Thu, 06/19/2014 - 08:29 | 4872969 lakecity55
lakecity55's picture

I think the point of High Tide was the US failure to attack Syria; Russia did a Mexican Standoff and the Bath House blinked.

There was a tremendous amount of hostility in the armed forces unreported by the pravda media.

Wed, 06/18/2014 - 23:01 | 4872244 napper
napper's picture

Sounds like a good plan. Good for US tax payers as well, because hyperinflation will be a powerful wake up call for the vast majority of clueless voters and supporters of the phony political parties in a phony democracy.

Many African, Asian, and South American countries do not have a favorable view of the US. China might be a little ambivalent due to the amount of dollar assets that it will need to get rid of to avoid massive losses. It will take a few years at least.

Wed, 06/18/2014 - 23:15 | 4872291 napper
napper's picture

Wrong about what and how?

Wed, 06/18/2014 - 23:32 | 4872335 MeBizarro
MeBizarro's picture

You argued that S. American, Asian, and African countries have an unfavorable opinion of US and this isn't true/supported by external data you presented.  Do you travel globally on an annual basis and have firsthand notion of this?

Wed, 06/18/2014 - 23:42 | 4872358 MeBizarro
MeBizarro's picture

So the 'facts are irrevelant' crowd is out tonight.  

Thu, 06/19/2014 - 02:02 | 4872496 napper
napper's picture

Maybe you've been looking for evidence in all the wrong places.

In Asia, people of China, India, Indonesia, Malaysia, Pakistan, Burma, N.Korea (and to some extent S.Korea and Japan), Thailand, Cambodia, Iran, Yemen, Afghanistan etc harbor strong resentment of the US government.

That's well over HALF of the Earth's human population already!!

 

In South America, Venezuela, Brazil (a BRICS country), Argentina, Cuba, and Bolivia have long resented US bullying and meddling. That's well over two thirds of S. American land mass AND population.

 

You use Gallup poll? You are embarrassing yourself. That's for sheeples.

 

Wed, 06/18/2014 - 23:07 | 4872246 MeBizarro
MeBizarro's picture

So Russia wants to avoid any conflict in Ukraine with the US/NATO but is building up massive ground forces and support logistics at several points along the Ukrainian border and is massively escalting its forces in the Arctic that Swedes and even the Finns are worried and asking for closer coordination with NATO (something these 2 countries almost never did especially the Finns who always were careful to tread a fine line during the Cold War and not escalate threat of Soviet invasion). 

Wed, 06/18/2014 - 23:31 | 4872328 Savyindallas
Savyindallas's picture

If this was Stalin and Communist USSR, I'd be alarmed. But it's not. Most of us on ZH are far more alarmed and threatened by the warmongering,  zionist ,globalist, Orwellian totalitaririan police state that we have here in Amerika.   

Wed, 06/18/2014 - 23:41 | 4872355 MeBizarro
MeBizarro's picture

It utterly baffles me that here is apparently a majority here who thinks that Putin isn't just a classic Russian strongman/dictator who has stolen hand over fist and anyone who vehemently disagrees with him in power is either killed/strongly encouraged to emigrate/lives a very embattled live in Russia.  The only fundamental difference with Putin is that he won't let Western financial institution screw over his people and instead it will be him and his cronies. 

Wed, 06/18/2014 - 23:59 | 4872397 kurt
kurt's picture

Look at a bust of Augustus Ceasar.

Thu, 06/19/2014 - 01:22 | 4872530 Volkodav
Volkodav's picture

useless talkings

better worry about your own country

Thu, 06/19/2014 - 06:34 | 4872760 Zero Head
Zero Head's picture

You give yourself the right to pre emptive attack

then surround me with anti balistic missles right to my front door. You broke your promise not to.

 'I have no choice but to prepare for war ' Quote is from Putin

 

Thu, 06/19/2014 - 09:33 | 4873263 gcjohns1971
gcjohns1971's picture

Craziness in Ukraine is big and growing.  Russia does have forces, and is assembling them, near its western borders.  The simple fact does not make it wrong to do.

There are a lot of reasons for Russia to be concerned about its border with Ukraine.

The T64 tanks with reactive armor crossing from east to west were almost certainly Ukrainians attempting to create the impression of Russian intervention. 

Russia stopped using T64 tanks long before anyone started retrofitting older tanks with reactive armor. Ukraine kept using them.

My information is that the oldest tank Russia retrofitted with reactive armor were T72s.

But there are a lot of reasons to be concerned about Russia massing forces on its western border - not all of which is next to Ukraine.

There is nothing to do but watch and see what the Russians do there.

There are no governments made of Angels on any side of any border. 

Imagining that some government wears a white hat, speaks only truth, and genuinely has the best interests of humanity at heart is - to put it politely - naive.

Wed, 06/18/2014 - 23:43 | 4872342 DOGGONE
DOGGONE's picture

Mr. Sergey Glazyev,
The American people are severely deceived by omission. Please do them a great favor by showing them these histories:

Intro
http://www.showrealhist.com/yTRIAL.html
The Public Be Suckered
http://patrick.net/forum/?p=1230886

Wed, 06/18/2014 - 23:39 | 4872344 ReasonForLife
ReasonForLife's picture

"Russian central bank just reported, the country's 2014 current account surplus may be as high as $35 billion"?  Do you guys actually believe the Central Bank of Russia will report honest figures?  The country is run by an "ex" KGB Kernel, master of psychological warfare, propoganda and disinformation.  My goodness, has America stooped so low to believe a country run by a KGB Communist?

Wed, 06/18/2014 - 23:52 | 4872375 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Look for the Anglo-American cabal to attack the Russian Ruble!  I know how these tyrants think!

 

Tuco

Thu, 06/19/2014 - 01:16 | 4872521 Volkodav
Volkodav's picture

Elvira Nabiullina Tatar  Russian Central Bank Head

Janet Yellen usual suspect  US Fed

Thu, 06/19/2014 - 07:01 | 4872784 avenriv
avenriv's picture

who said he looked into putin's eyes and saw a good man ?

what US president was CIA ?

 

Thu, 06/19/2014 - 09:24 | 4873213 gcjohns1971
gcjohns1971's picture

ANSWER TO Question Number 1:  George Bush Jr.

ANSWER TO Question Number 2:  George Bush Sr. ... Sort of.  

George Bush Senior was in the CIA in the same way that Obama was in the Army.  He was placed directly at the top as a result of political influence. 

Imagining that the GB Senior knew CIA tradecraft by virtue of his political appointment is exactly as believable as imagining that Clinton or Obama became military experts by virtue of their appointments.

Wed, 06/18/2014 - 23:56 | 4872391 dot_bust
dot_bust's picture

I can't say that Putin's advisor is wrong. According to former U.S. Treasury Secretary Paul Craig Roberts, the Obama Administration is planning a nuclear first-strike on Russia:

http://www.paulcraigroberts.org/2014/06/03/ready-nuclear-war-paul-craig-...

 
Thu, 06/19/2014 - 00:14 | 4872428 reader2010
reader2010's picture

Neocons are going to fuck the entire human race for profit. Karl Marx was absolutely right on his prediction.

Thu, 06/19/2014 - 07:03 | 4872786 SMC
SMC's picture

A launch decision is easier when you have fully provisioned taxpayer funded shelters for "public servants" and their families to ensure the continuance of government thuggery.

Thu, 06/19/2014 - 00:15 | 4872432 yrbmegr
yrbmegr's picture

Khrushchev said something similar.

Thu, 06/19/2014 - 00:53 | 4872497 jonjon831983
jonjon831983's picture

FYI - Bronze Swan continues to roll: "China group 'used same metal stocks to borrow $2.5 bn'" - 18JUN2014

http://www.afp.com/en/news/china-group-used-same-metal-stocks-borrow-25-bn

Thu, 06/19/2014 - 01:21 | 4872513 mrmister
mrmister's picture

Hillary during town hall on CNN about guns, but listen to what she actually said-

"we can not allow a minority of people to have a view point that terrorizes the majority."

So anyone who even dares to think different than the official government line is a terrorist. FASCISM IS HERE.

 

http://www.youtube.com/watch?v=NTKDNu7CcT8

Thu, 06/19/2014 - 01:38 | 4872556 SF beatnik
SF beatnik's picture

Not to worry....  Hillary can't win.  Everybody hates her. 

 

...well, unless the person she runs against is hated even more - a distinct possibility. 

Thu, 06/19/2014 - 02:02 | 4872580 Dublinmick
Dublinmick's picture

Stalin: It doesn't matter how many votes you get, what matters is who counts the votes.

 

If Diebold says Hillary wins, then she wins.

Fri, 06/20/2014 - 03:19 | 4877133 napper
napper's picture

Ahh, Diebold, the voting fraud machines. GW Bush got plenty of help from them, and then the Supreme Court. Hmmmm, should we still call that a court?

Thu, 06/19/2014 - 01:27 | 4872542 zipit
zipit's picture

RE: "America's attempts to ignite a war in Europe and a cold war against Russia are threatening the interests of big European business."

America threatens all interestes except Wall St and corporate Amerika.  Screw everyone else.

Thu, 06/19/2014 - 02:04 | 4872582 kanoli
kanoli's picture

Glazyev is brilliant.

Thu, 06/19/2014 - 02:38 | 4872618 Dubious Intentions
Dubious Intentions's picture

Check. Fucking. Mate.

Thu, 06/19/2014 - 02:46 | 4872627 RazvanM
RazvanM's picture

Russian supremacy propaganda, combined with US citizens division. Do start praising Putin and bash the stupid Obama, but remember: the Russian propagandists are playing until US will be in its knees. Not for the good of US. This is a grand game played by a frustrated KGB officer to win.

The Ribbentrop-Molotov pakt was signed again between Russia and China this time to split the world. Russia never admited it allied with Hitler to start the WW2, never admited to invade neighbouring countries and destroy their societies, never admited the Holodmor and other atrocities in which tens of millions of "enemies" were imprisoned, tortured and killed. Right now the Russians will say that the CCCP is different than Russia, but there isn't much difference in methods and targets.

Thu, 06/19/2014 - 06:59 | 4872782 avenriv
avenriv's picture

you are right Razvan.

Russia did not invade the eastern european countries. you know very well, they were offered at yalta by churchill.

before russia got close and friendly with hitler there were 2 other contries that did everything to appease hitler just a couple of years before: uk and france. do you remember ?

the russians killed i think more people than hitler, but was stalin russian ? was hrusciov russian ? was lenin russian (look at his face and then tell) ? i think brejnev was russian but he was born in...ukraine too.

do you think russia was the only country invading other countries ?

the map of europe started to change in the '90ies, do you remember ?

the thing are a little more complicated...

 

Thu, 06/19/2014 - 07:28 | 4872830 Canucklehead
Canucklehead's picture

You are setting the bar too low in your analysis.

Anyone who buys your school of thought is not the type of person to rally others to a cause. Your incomplete thought processes turn off those individuals who are undecided and are action oriented.

Answer some of your questions and let's get to the meat of the answer.

Thu, 06/19/2014 - 08:35 | 4872989 Jorgen
Jorgen's picture

they were offered at yalta by churchill

You are wrong on that. They were offered at Yalta by Roosevelt. Churchill wanted the second front to be opened in the Balkans, not in Normandy.

Thu, 06/19/2014 - 10:56 | 4873677 RazvanM
RazvanM's picture

Do tell that to the tens of millions of victims (imprisoned, tortured and brutally killed) of Russian invaders. They occupied Eastern Europe for many years and acted as feudal masters, with no rule of law for them.

Do not compare Russian forced occupation and economic backwardation with economic superiority that maked the US companies welcome in a lot of countries. Russia had 50 years to prove it is good for something and proved the exact opposite. Yeah, the Russians are experts at playing the etnic card and moving whole populations around creating havoc everywhere. You do not really think that Stalin and other criminals acted all alone, waging war on neighbours and expanding the Russian empire? It was an old strategy that was followed by Stalin.

There is no logical excuse for Russia to sign a treaty with Hitler to start WW2 and split Europe. France and Britain did not invade neighbouring countries in WW2 and did not commit mass atrocities. Russia did it and Russian army.

Ah, one more thing: do not be fooled by the so called "Union". This "Union" is working as long as Russia has the violent means to keep the occupied countries under its boots.

Thu, 06/19/2014 - 03:17 | 4872646 Andy Lewis
Andy Lewis's picture

WWIII is coming!  Too bad if we lose.

Thu, 06/19/2014 - 03:33 | 4872661 Sorry_about_Dresden
Sorry_about_Dresden's picture

The BIS, they actually rule the rulers, will never allow the petrodollar to fail. To profitable. What is a SDR worth anyways?

If you are not familiar w/ the BIS you better look it up. The FRBNY are just BIS puppets.

Thu, 06/19/2014 - 04:21 | 4872687 Zeta Reticuli
Zeta Reticuli's picture

The Jewish press got tired of covering the Ukraine and any story involving Putin because he alwayscomes out looking strong and morally superior to America's management. Now they are foaming at the mouth trying to start another Muslim-killing war that will only benefit Israel.

Thu, 06/19/2014 - 05:49 | 4872736 RabbitChow
RabbitChow's picture

I think if Putin was interested in doing away with sanctions he would reduce Treasury holdings to zero.  They should start trading Treasury paper for gold.  The best times are when Treasury has a new round of auctions.  Flood the market with USTs and whoever wants to buy them will get them on the cheap for a good yield.  If Russia was really at odds with the US they would have done this already -- or is the goal really to just hang this sword over the head of the US?  Like the Ugly dude (The Good, the Bad, and the Ugly) said, if you're going to shoot, shoot.  Don't waste your tie talking about it.

Thu, 06/19/2014 - 06:27 | 4872754 Zero Head
Zero Head's picture

Watched Putin interviews.

Your right tyler seems to me he does exactly what "advisors" say. He just follows teleprompter.

So why your propaganda.  Fear helps the state .

Hey Anti Dollar peeps why you go to work for

Thu, 06/19/2014 - 06:36 | 4872762 Lumberjack
Lumberjack's picture

US Consulting Firms May Be Banned From Providing Services to Russian State Companies

 

MOSCOW, June 19 (RIA Novosti) – Representatives and subsidiaries of US consulting companies may be banned from providing consulting services to Russian state companies, according to a draft law initiated by a United Russia deputy Evgeny Fyodorov, the Russian Izvestiya newspaper reported Thursday.

"Russian economy has just 0.5 percent growth as a result of foreign consultants lobbying the interests of their own country," Fyodorov said, as quoted by the newspaper.

 

[Now for the punch line]

 

"Several days ago at a meeting of the State Duma budget committee, Russia’s Central Bank report was discussed. Central Bank’s deputy head pointed out that a series of bankruptcies of Russian banks was a result of foreign consultations. 

 

Thu, 06/19/2014 - 07:04 | 4872789 vyeung
vyeung's picture

De-dollarization, de-dollarization.

Thu, 06/19/2014 - 08:23 | 4872949 Khannea
Khannea's picture

Makes complete sense, since how aggressive the US in consolidating access to petrochemicals. Russia must feel quite threatened.

The US dollar is an extremely vulnerable side to the US economy. It won't be pretty.

Thu, 06/19/2014 - 09:06 | 4873123 gcjohns1971
gcjohns1971's picture

THIS IS A DIVERSION, and frankly a masquerade.

Russia is not trying to overturn the Dollar system, just shuffle their place in the heirarchy.

I am sorry.  But that is a fact you can test for yourself by asking a simple question:

Q: "What would happen if Russia traded all its dollar reserves for Good Delivery Gold?"

A: "The Bullion Bank would default.  Gold would skyrocket.  Fraudulent sales of imaginary so-called "paper" gold would be revealed to the general public as sales of "NOTHING".  The existence of other banks' reserves would be questioned- including the Federal Reserve's.  Counterparties losses ensue.  Banking Collapse.  Dollar currency collapse."

You can make the arguement that Russia doesn't do this because they want to avoid a banking collapse.  But to do that you'd have to explain how Russia's lack of action avoids a banking collapse. In point of fact it doesn't avoid one. 

The banking system is in process of collapse right now, and has been for some time.  People are losing everything.  The Central Banks and governments of the world simply want it to be an "Orderly" collapse. 

But what does "Orderly" in this context mean?  It means a collapse where those on top stay on top.  And that is all that "Orderly" with respect to a banking and currencly collapse means.

Thu, 06/19/2014 - 09:30 | 4873227 Mi Naem
Mi Naem's picture

ruh roh!

http://finance.yahoo.com/news/china-start-direct-yuan-trade-british-poun...

Headline: China to start direct yuan trade with British pound

"Sterling and the Chinese renminbi, the yuan's other name (sic), will be directly swapped from June 19 without using the US dollar as an intermediary, the China Foreign Exchange Trade System (CFETS) said in a statement Wednesday."

 

So even the Brits are participating in the f*ing of the Dollar.  Reset may come a lot sooner than I thought. 

Thu, 06/19/2014 - 10:45 | 4873625 Dickweed Wang
Dickweed Wang's picture

This is all playing out pretty much as Jim Willie has predicted since 2008.  See his past articles at:

http://news.goldseek.com/GoldenJackass/

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