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Russian Oligarchs Wave Goodbye To Visa, Switch To Chinese Credit Card

Tyler Durden's picture


So much for the "Russia is becoming increasingly isolated" meme that the West would like many to believe. As Russia continues to sign de-dollarization deals and trade agreements with its BRICS allies while pushing ahead with retaliatory actions against the US and Europe, it appears the 'sanctioned' friends of Putin are taking matters into their own hands. Billionaire oligarch Gennady Timchenko, among the first to be hit by travel bans and asset freezes by the US, has decided to tear up his Visa and Mastercard, shifting all his credit cards to China's UnionPay, noting that "in some ways it is more secure than Visa - at least the Americans can't reach it."


The Western meme goes something like this...

Russia risks becoming a pariah state if it does not behave properly,” U.K. Foreign Secretary Philip Hammond said on Sky news this week.

However, after various deals with BRICS and Middle East nations, it appears Russia can find plenty of 'friends'.

And now the sanctioned oligarchs and de-dollarizing... (via ITAR-TASS Google Translate)

Russian businessman Gennady Timchenko, because of the U.S. sanctions imposed against him in March 2014 after the annexation of the Crimea to the Russian Federation, has replaced by Visa and MasterCard for card payment system China Union Pay and wallet with cash.


Timchenko March 20 was included in the U.S. Treasury list of persons with whom the U.S. companies and citizens have the right to maintain the business relationship, including U.S. registered Visa and MasterCard.


Businessman said that stopped using these cards payment systems. "We'll have to, as before, to carry a purse with cash," - complained Timchenko, adding that also enjoys card Chinese Union Pay.


"As the sanctions imposed, it immediately issued," - he said. "Excellent work! And accept card in many places. In some ways more secure than Visa. At least Americans will not reach" - said Timchenko.


Inclusion of a businessman in the U.S. sanctions list created trouble for the payments and for his wife. "Wife Gennady Timchenko had the surgery and could not even pay for it, because it was blocked accounts and cards," - said Russian President Vladimir Putin on April 17 during his "straight line", describing the incident as a violation of human rights.


Putin learned about this case, held after the announcement of sanctions meeting of the Russian Geographical Society, co-trustee of which is Timchenko. "Vladimir Putin asked how we feel ourselves to new realities. I said, well, all right, but there are nuances. And he told the story that President then mentioned," - said the businessman.

*  *  *
While Obama hopes that pressure on the oligarchs will creat some civil strife for Putin, we worry that it will merely corner him into survival mode with signioficant repurcussions for the west.


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Fri, 08/01/2014 - 22:18 | 5036305 Slave
Slave's picture

It's Friday night


Fri, 08/01/2014 - 22:23 | 5036314 Publicus
Publicus's picture


Fri, 08/01/2014 - 22:32 | 5036349 knukles
knukles's picture

They sent me an overdue notice?
What, they both did?
Amex and Visa?
They're both in excess of $2.5 million?
Tell them to stick the overdues into the loss reserve and stick the loss reserve up their president's happy asshole.
Or maybe Mr Kerry can talk to them for me.
In fact why not get that Mr Kerry on the phone for me and I tell him.
He's on his boat again in Hyena's Port?
Hah ha ha ha ha
Like MSNBC reporter say, so it must be OK... "Fuckstick"

Fri, 08/01/2014 - 22:45 | 5036388 zaphod
zaphod's picture

Can those of us stuck in the US sign de-dollarization deals? I'd like to get out too please.

Fri, 08/01/2014 - 22:58 | 5036434 palmereldritch
palmereldritch's picture

  Union Pay: It's Every Embargo You Want To Be!

Fri, 08/01/2014 - 23:06 | 5036453 Boris Alatovkrap
Boris Alatovkrap's picture

Russia oligarch is not needing own Visa or Mastercard, is already have list of all Amerikan credit card number.

Sat, 08/02/2014 - 01:10 | 5036716 Atomizer
Atomizer's picture

Where in the fuck have been hiding lately? Kinda miss your posts. Better have a good explanation. 

;-) you little fucking bastard. Oh that's just ZH love. 

Sat, 08/02/2014 - 08:53 | 5037141 RaceToTheBottom
RaceToTheBottom's picture

Almost as if the US does not think there are any alternatives.  They have been lulled into complacency because American sheep will not change to alternate solutions, yet.  

But other countries don't have those same inhibitions....

Most other countries don't want to be droned by WS, and will not stand for it.


Sun, 08/03/2014 - 01:09 | 5039627 mkkby
mkkby's picture

Fuck you, Alotofcrap.  By that I mean welcome back. 

PS - Say hi to moose and squirrel.

Sat, 08/02/2014 - 04:31 | 5036933 Kirk2NCC1701
Kirk2NCC1701's picture

Nothing wrong with what he's doing, but I have to wonder how every turn away from the US drives them right into the arms of the Chinese.  Good for China, of course.

The day that Russia backs its Ruble with Gold + Oil, is the day they get to use their own credit cards globally and thumb their noses at IMF and BIS -- and the US, of course.  Till then I remain cautiously optimistic, but a tad skeptical with their 1D "everything China" approach.

OTOH... perhaps their China solution buys them time for greater global independence, while leading the BRICS coalition to de-Dollarize.

Sat, 08/02/2014 - 08:51 | 5037138 babkjl
babkjl's picture

Lots of gold, silver, barter, and cryptocurrency options available right now. We just have to use them more often. I bought nearly all of our Christmas presents last year using bitcoins to Amazon gift cards. New multi-currency / barter (including precious metals) exhange just went live 2 days ago: They are starting by giving away free 5,000 of their coins to anyone with a mature non spam Facebook account (optional only, you don't need to sign up with Facebook) and later to existing holders of bitcoins. Anyone can become a bank equivalent in this system in the form of a "Gateway." We could even start our own ZeroHedge Gateway to dedollarize amongst each other. This is one of your "get out too please" options. 

Fri, 08/01/2014 - 22:50 | 5036406 acetinker
acetinker's picture

Knucks, you were always a useless POS, but now even your army of greeners has abandoned you.  Fuck off!

Fri, 08/01/2014 - 22:57 | 5036432 Ralph Spoilsport
Ralph Spoilsport's picture

Another friday night on ZH. Have a red one from the green army.

Sat, 08/02/2014 - 17:34 | 5038644 acetinker
acetinker's picture

Bunch of fkn educated idiots, you are, Ralph.  Take your PhD's and shove 'em up your ass.  That's about all they're worth now.  Shit has changed.  You and Knucks have failed to realize this.  It ain't my fault, but you will no doubt think it is.

Sat, 08/02/2014 - 01:22 | 5036730 James
James's picture


Sat, 08/02/2014 - 20:41 | 5039093 MontgomeryScott
MontgomeryScott's picture

'Blaspheme'. (Fixed it)

Sat, 08/02/2014 - 20:36 | 5039079 MontgomeryScott
MontgomeryScott's picture

Vote down!


"Knucks, you were always a useless POS, but now even your army of greeners has abandoned you.  Fuck off!"

I am at a loss as to the point of your comment. Last time I looked, the one you speak of had 56 up-arrows (and no down-arrows). At the rate you are going, it won't be too long before someone refers to you as 'Ace Twinker'. Not that I would ever suggest anything so vulgar... ('I want to ride my bicycle, I want to ride my bike,...'. That song was sung by a queer, in a queer band named "Queen", you know).

What were you saying, again, Sally?

Sat, 08/02/2014 - 23:01 | 5039434 acetinker
acetinker's picture

Guess I can add you to my shit list as well?  Oh wait, you were already there.

Fri, 08/01/2014 - 22:47 | 5036393 Antifaschistische
Antifaschistische's picture

One could easily advance the notion that this weeks stock market action was actually the result of the White House's senseless trade threats with Russia...and the ensuing uncertainty it adds to our global eco-machine.  Does history really repeat itself?



The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), otherwise known as the Smoot–Hawley Tariff orHawley–Smoot Tariff,[1] was an act sponsored bySenator Reed Smoot and Representative Willis C. Hawley and signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels.[2]

The dutiable tariff level (this does not include duty-free imports—see Tariff levels below) under the act was the highest in the U.S. in 100 years, exceeded by a small margin by the Tariff of 1828.[3] Some view the Act, and the ensuing retaliatory tariffs by U.S. trading partners, as responsible for reducing American exports and imports by more than half. According to Ben Bernanke, "Economists still agree that Smoot-Hawley and the ensuing tariff wars were highly counterproductive and contributed to the depth and length of the global Depression."[4]

Sat, 08/02/2014 - 05:55 | 5036978 jeff montanye
jeff montanye's picture

yes, yes, precisely my thoughts.  what the hell did obama learn at columbia?  did bernanke never mention this to him or his sad one two punch of secretaries of state/pretenders to the throne?  it is hard to get good help these days.

Sat, 08/02/2014 - 21:06 | 5039150 MontgomeryScott
MontgomeryScott's picture


I disagree with your false premis and false conclusion. You are comparing apples to oranges.

Tariffs are TAXES imposed on the importation of goods to a nation, but what Obama is doing is tantamount to a TRADE WAR that cuts off trade of certain goods (along with banking and accounting freezes). If I have to pay a 10 or 15 or 50% tariff on a Russian-made A.K. 47, this would discourage me (in theory) from purchasing it (and the idea is that I should be buying locally-made products like this). If the trade and importation of such is BANNED (as, in fact, it now IS), this is QUITE different in scope; in fact tantamount to a 'trade embargo'.

Smoot-Hawley was a misguided attempt to try to boost industrial output by discouraging importation through the levying of taxes on imports in an attempt to boost local production (and it was hoped, cause companies to re-hire). YES, it backfired and drove the economy down further (by increasing prices of certain goods while the population struggled to keep an income flow, thus exaserbating the Depression). It was not the CAUSE, however (that ship sailed when the FEDRES central banking system put the word out to call the notes).

Obama's actions are nothing like this. NOTHING AT ALL. He's trying to goad the Russians in to war, just like the Roosevelt administration did with it's 'sanctions' against Japan prior to WWII; by CUTTING OFF TRADE AND BANKING (not taxing it). Whoever edited this Wikipedia entry needs to get their head out of their ass regarding the term 'TARIFF WAR'. This is a false term in and of itself.


Sun, 08/03/2014 - 01:58 | 5039680 Antifaschistische
Antifaschistische's picture

MS...I don't disagree with what you've said.   I wasn't actually making a premise or a conclusion.  I agree with your trade war comments on Obama's action and the war goading from our Nobel Peace Prize winning President.

As a response I would only say that even though Obama's intentions are distinctly different than the intent of Smoot-Hawley, we may, just may, experience some of the same byproducts of Smoot-Hawley legislation as our continents slide toward a tit for tat trade related battle.  A byproduct that may lead to increased uncertainty on the geo-eco-political scale which translates to increase volatility in our domestic markets.

thanks MS....good thoughts.

Fri, 08/01/2014 - 23:07 | 5036459 williambanzai7
williambanzai7's picture

Fri, 08/01/2014 - 23:59 | 5036577 Kirk2NCC1701
Kirk2NCC1701's picture

I just GOTTA get me one of these!

Sat, 08/02/2014 - 21:21 | 5039169 MontgomeryScott
MontgomeryScott's picture

'PONZICARD'! Accepted at over 85,000 locations worldwide!

('Ponzicard' is a trademarked name of the revolving credit extended by those who also issue 'MasterCharge' and 'Visa'. See your bank for details. 'Ponzi, LLC. is a member of the 'Interbank System' of Ponzi Worldwide Oligarchs. Some restrictions apply. Interest set at 10% above London Inter-Bank Overnight lending Rates set at the whim of those central banks that choose to participate; and announced daily in 'The City Of London' [god save the Queen, amen, forever and ever]. Some restrictions apply. rates subject to change. Read 10,000 word disclosure agreement after signing up.)

Fri, 08/01/2014 - 22:24 | 5036316 Oldwood
Oldwood's picture

Its almost like they don't respect us anymore.

Fri, 08/01/2014 - 23:05 | 5036449 813kml
813kml's picture

I'm not sure that one finger constitutes a wave.

Fri, 08/01/2014 - 23:07 | 5036457 El Vaquero
El Vaquero's picture

I don't respect us anymore.

Fri, 08/01/2014 - 23:25 | 5036500 BeanusCountus
BeanusCountus's picture

I dont either. Im going to get one of those cards.

Fri, 08/01/2014 - 23:12 | 5036473 toady
toady's picture

And that's the scary part.

If it's really this easy for the rest of the world to tell the U.S. to fuck off, soon all that will be left is letting the ICBMs fly.

Fri, 08/01/2014 - 22:26 | 5036330 Seasmoke
Seasmoke's picture


Sat, 08/02/2014 - 00:12 | 5036602 Manthong
Manthong's picture

"Leave home without it."

Sat, 08/02/2014 - 00:17 | 5036616 Kirk2NCC1701
Kirk2NCC1701's picture

"For everything else, there's UnionPay."

Fri, 08/01/2014 - 22:31 | 5036341 Tinky
Tinky's picture

"It's everywhere you want to be...except Russia."

Fri, 08/01/2014 - 22:33 | 5036351 Angry Plant
Angry Plant's picture

in some ways it is more secure than Visa - at least the Americans can't reach it.


Oh this sounds like a callenge aimed directly at the NSA.

Fri, 08/01/2014 - 23:38 | 5036533 fervent in spirit
fervent in spirit's picture

It's aimed at all that's wrong with America today - much more than just the NSA.

Sat, 08/02/2014 - 14:34 | 5038094 Nick Jihad
Nick Jihad's picture

Hasn't the CFPB, which operates out of the Fed, been demanding that Visa and MC provide them with records on all credit card purchases?  And you just know that the IRS, FBI, DEA and ATF are getting all of that data too. This Union Pay card sounds very interesting.

Fri, 08/01/2014 - 22:43 | 5036384 philipat
philipat's picture

".......For everything else, there's Union Pay"

Conveniently denominated in RMB.

Fri, 08/01/2014 - 23:09 | 5036464 Ward no. 6
Ward no. 6's picture

good one lol :)

Fri, 08/01/2014 - 22:34 | 5036356 MASTER OF UNIVERSE

PSYCHOCHICKEN Kiss-ka say fuck fuck fuck fuck fuck fuck fuck fuck

fuck fuck PsychoKILLER run run run away to anwhere but the USA.

Fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck!

Sat, 08/02/2014 - 21:42 | 5039221 MontgomeryScott
MontgomeryScott's picture


If you are going to try tweaking the words to a song, you need to at least spend the time finding and sending a link to it. Otherwise, the people will simply 'downarrow' your contribution (most were probably born after 1977, by the way, and can't possibly understand the reference). This is especially important when referring to a song that was wildly popular within a small minority of people (such as the newly-forming 'punk rock' movement in the late '70's CONUS), but mostly unknown to the general masses at the time.

Perhaps all the down-arrows are also due to the fact that you chose to use the word 'fuck' 20 times. Next time, try throwing in 'pussy' or 'cock' or 'asshole' or 'fuckstick' or 'cockpit' or SOMETHING.

Here's a link to the song (for the child's benefit):

After Jules Verne's novel '20,000 Leagues Under The Sea' became popular (I think this was about 1886 or so), he wrote another; lesser-known book; entitled 'Master Of The World'. His writing style was almost infantile (I read and absorbed everything he wrote by the time I entered the 5th grade).



Fri, 08/01/2014 - 22:35 | 5036359 q99x2
q99x2's picture

The oligarchs are going after oligarchs and war is not a real option. So what are they going to do except start attacking each other. Like to see at least two bankers jump in the upcoming week.

Sat, 08/02/2014 - 00:34 | 5036656 slightlyskeptical
slightlyskeptical's picture

When only the ogliarchs have money, only the ogliarchs can be stolen from. It wa sinevitable.

Sat, 08/02/2014 - 06:00 | 5036984 jeff montanye
jeff montanye's picture

i like sinevitable: said of unavoidable chinese hegemony.

Sat, 08/02/2014 - 22:46 | 5039393 MontgomeryScott
MontgomeryScott's picture



The band 'CHARLIE' did this song, back in 'way-back machine' time.

The love of money is the root of all types of evil. The Chinese so-called 'RULERS' traded with the British East India Company, and all that happened was the rise of the Opium Trade; and the infamous 'Opium Dens' of the late 19th century. They currently sit on one of the largest stockpiles of PAPER PROMISSORY NOTES ever amassed in the history of the modern world, and they have no idea what to do as these 'asset values' go in to DECLINE. The 'CHINESE HEDGEMONY' of which you speak will turn out to be the 'PAPER TIGER' that they so revile themselves. The signs are already appearing, and have been for the past decade.

Well, I talked about a song, so I guess I have to link it.

'It's Inevitable' ('CHARLIE'):



Sat, 08/02/2014 - 06:59 | 5037024 Tarshatha
Tarshatha's picture

"Like to see at least two bankers jump in the upcoming week"


Ahhhh, "hopeium"

Sat, 08/02/2014 - 08:57 | 5037145 RaceToTheBottom
RaceToTheBottom's picture

I want to see more Bankster suicide, knock on effects:

One Bankster pulling a few others off the ledge when jumping, or

One bankster landing on a few others after falling 50 stories....

Sat, 08/02/2014 - 22:29 | 5039336 MontgomeryScott
MontgomeryScott's picture

"Like to see at least two bankers jump in the upcoming week."





It's 'The Big Flush' and they're on the rim, beginning to swirl. The heavier 'assets' go down first, and the paper used to wipe them clean goes next; down in to the vortex. The bankster mayflies are attracted to this shit, you know, and MIGHT just get caught up in the hyper-acceleration gravity-well before the tank runs out of water and the bowl stops swirling. It's just a wet-dream of mine, I suppose, though. Like the swarm of flies in the outhouse, there's never enough water to take them all down.


(This post is an obvious attempt to bring in to discussion the avatar picture of 'q99x2', whose placement of two light blue oval shapes obviously represent a toilet. While I fully agree with his sentiments, it in no way promotes the self-killing of the fucking scumbags of the Earth. Hanging and lethal injection and firing squads are much more appropriate; after being found guilty of mass genocide and other high crimes by a jury of their peers who do NOT include other bankster oligarchs.)


Fri, 08/01/2014 - 22:36 | 5036362 Atomizer
Atomizer's picture

Master Card Ad...Priceless

Bwhahahahaaha. Oldie but relevant.

Fri, 08/01/2014 - 22:36 | 5036363 ToNYC
ToNYC's picture

"If it weren't for Unintended Consequences, I'd have no Consequences at All."

Fri, 08/01/2014 - 22:38 | 5036370 Captain Obvious.
Captain Obvious.'s picture

Get yours here.

Fri, 08/01/2014 - 22:49 | 5036383 cowdiddly
cowdiddly's picture

Its called the balance of powers. Every time Obama tells a lie his nose grows, then Vlad keeps cutting it off despite his face.

Fri, 08/01/2014 - 22:45 | 5036389 ebworthen
ebworthen's picture

It's like your girlfriend saying she won't put out anymore if you don't do what she says - when you have other girls trying to get you in bed and buying pot from you.

Fri, 08/01/2014 - 23:01 | 5036439 Ralph Spoilsport
Ralph Spoilsport's picture

You sound like someone with some interesting stories to tell. +1

Fri, 08/01/2014 - 23:16 | 5036480 toady
toady's picture


Sat, 08/02/2014 - 23:36 | 5039508 MontgomeryScott
MontgomeryScott's picture


I've done that!

A lot of those girls were pretty sweet! Tight little bodies, and some of them liked it in other places as well...


What's 'pot'? OH, that's something you cook food in! I put one of these on the 'triple-beam' one day, just to figure out how much it actually weighs, and I'll be DAMNED if it didn't break my scales! It cost me at LEAST an hour of profits to replace it!

Ah. The days of 'four-finger baggies'... (use the 'quart-sized' ones. The 'gallon-size' are reserved for Mexican 'Ditch-weed').

After I got the plebes in the Rancho Palos Verdes JDL to start buying, the shit hit the fan... they liked the white over the green, you know. They would come over just to listen to my albums, and they all offered me their asses (males as well as females). I didn't want to be a shit-pusher, though (especially when it came to the males), and simply qeued up the newest 45 EP 10-inch Metallica release of the time when transacting (some of the girls had nice asses, though, and I still regret not taking advantage sometimes). When you stumble upon the source of the most pure, pharmecutical-grade stuff (whatever you think) by happenstance, and don't want to take advantage by adding 'fillers' like Meneet, and don't up-sell the stuff you find by an outrageous profit margin, and remain 'independent', all kinds of things will happen (some good, and some not-so-good).

The 'JDL' recruiting song:

This posted link includes a PART of the original album cover.

"It's like your girlfriend saying she won't put out anymore if you don't do what she says -"

If your 'girlfriend' won't 'put out', then she's not REALLY your 'girlfriend'. She's just another worthless and owned WHORE, and a SLUT to whomever she thinks will give her what she thinks she 'needs'. You'll just have to trust me on this one.

Jewish Defense League (in case you wondered what the acronym is). They mostly never understood the song, or the idea that they were self-destructive.

Fri, 08/01/2014 - 22:50 | 5036409 JustPrintMoreDuh
JustPrintMoreDuh's picture

Is there some kind of problem with the $USD ??

Sat, 08/02/2014 - 01:38 | 5036752 Zeta Reticuli
Zeta Reticuli's picture

No problem at all. Go back to watching TV. :)

Sat, 08/02/2014 - 23:46 | 5039530 MontgomeryScott
MontgomeryScott's picture

I have been authorized to assure you that; at this time; there is NO REASONABLE CAUSE FOR ALARM

(Clete Roberts)


Fri, 08/01/2014 - 22:52 | 5036412 Ralph Spoilsport
Ralph Spoilsport's picture

I'd wait for the Russian Central Bank's upcoming Sputnik card. It will be red and have a holographic image of Yuri Gagarin petting Laika the space dog.

Sun, 08/03/2014 - 00:54 | 5039609 MontgomeryScott
MontgomeryScott's picture


'Dora the Explorer' told me I shouldn't take advice from strangers (in Messican), It was kind of weird, though, you know? the MESSICANS keep trying to tell the 'merkuns about how bad it is, and at the same time try to advance their socialistic shit (and 'open borders' and 'MESSICAN LANGUAGE' television stations). All the TRUE COMMUNIST FUCKS evacuated Russia LONG AGO (starting in 1947 as a trickle, and basically ending with the 'fall of the Berlin Wall' in '87), you douche. I'd rate your post (on a score of one to 5) as a 'negative four' in terms of 'relevance'.


The weather in Haifa is currently expected to be VARIABLE; with STORM-CLOUDS approaching from the Mediterainian; driven by unpredictable fronts from the Aegean Sea.

Newswatch 12 advises that you pet your dogs (whether they be named 'Laika' or 'Palestine' or 'Conus'), and keep them CALM and SUBDUED when the storm clouds roll in. Feed them enough CHEESE to keep them calm.

'Deteriorata' is simply a 'conspiracy theory'. I will not come in your mouth. I will only put the tip in. Truth REALLY IS 'treason'. The meanings of words actually have NO MEANING, and are 'changeable'. I'm from your GOVERNMENT, and I'm here to help. A dose of radiation isn't harmful, and in some cases actually is beneficial to the human body. Yuri Gagarin will be hologrammed with a red tint, and have a pet dog as he advertises 'SPUTNIK-CARD'. John Boehner is a REPUBLICAN. Barry 'Hussein' Soetoro was born in Hawaii. The Askenazim and Khazarim are weird constructs of the sick-minded tin-foil-hat-wearing left-right-conspiracy theorists who hide in mommy-s basement wearing boxer shorts. Biological warfare DOES, NOT, EXIST. EBOLA came about like AIDS did (a bunch of sub-human negroes fucked some monkeys).  

"I will wait for the upcoming 'SPUTNIK' card to be issued by Russia's Central Bank."

How many ways can the lies be told; and how many ways can the old expression 'BUCK YOU, FUCKLEY!' be expressed when seeing the obvious misdirection and lie of your statements?

Back when Ford was the 'selected resident'. I bought one of the shiny buttons that said 'Whip Inflation Now'. What does that button you post here say? I think it's 'NOT INSANE' or something. Those who try to assume the roles of that which they are counter to (when speaking publically) are the worst offenders of all, you know. I mean: it's all right if the NSA knows 'every jot and tittle' of everyone in the whole fucking WORLD, but when it comes to the likes of those who are EMPLOYED to post by them, the story fucking CHANGES, doesn't it?



Fri, 08/01/2014 - 22:54 | 5036421 nmewn
nmewn's picture

"in some ways it is more secure than Visa - at least the Americans can't reach it."

lol...and on another front, the Battle of Thermopylae is finally won by those who fought alongside the 300. Nice going progs, you lost, again.

It was never yours and the Swiss get to be the bitches, for now ;-)

Fri, 08/01/2014 - 22:57 | 5036433 BeetleBailey
BeetleBailey's picture



THE YOU-CRANE CARBON KEVLAR CARD...don't shoot down any plane without it!



Fri, 08/01/2014 - 22:59 | 5036437 socalbeach
socalbeach's picture

The problem with a lot of the sanctions on goods and services that we are imposing on Russia, is that it doesn't take a degree in rocket science to provide them.  And even if it did, Russia and others have plenty of rocket scientists.


Fri, 08/01/2014 - 23:07 | 5036458 Ralph Spoilsport
Ralph Spoilsport's picture

Correct. This is neither rocket surgery or brain science.

Sat, 08/02/2014 - 10:33 | 5037328 JohninMK
JohninMK's picture

Ah, you mention Russian rockets.................

Have not heard sactions including these little babies.

Fri, 08/01/2014 - 23:02 | 5036442 nah
nah's picture

Visa is bigger crooks than the Americans Bitchez

Fri, 08/01/2014 - 23:05 | 5036452 vincenze
vincenze's picture

The guy should have no money on his Visa cards anyway, as Putin introduced a law a year ago that barred top Russian officials from holding foreign bank accounts and stocks.

How did Putin know?

Sat, 08/02/2014 - 04:12 | 5036921 Jano
Jano's picture

He is a private person.

The law, which you point at, is aimed at governmental employees.

read it once more, top-down please.

Sat, 08/02/2014 - 06:09 | 5036995 jeff montanye
jeff montanye's picture

would that the world were ruled by laws not men.

even obama knows its not true.

Fri, 08/01/2014 - 23:06 | 5036460 Atomizer
Atomizer's picture

Wait until AMEX gets crushed. The Blackcard will have a funeral.

Washington DC is shooting themselves in the foot. 25+ years of iran sanctions never caused a dent in the global market. Zionist are animals who are dispised worldwide. US needs to defund these child killing bastards.

Fri, 08/01/2014 - 23:09 | 5036467 Hulk
Hulk's picture

Think I'll get a chinese credit card too...

Fri, 08/01/2014 - 23:19 | 5036486 Aremo
Aremo's picture

Excellent!!  One of the worst parts of living/working in China is the difficulty in *not* having a Visa/Mastercard.  You can't even get a bank accout with the symbol on it but I have 4 active Unionpay cards and none of these banks cater to the whims of the IRS.  Expand please!  The fees are less and the rules about paying are easier to deal with :)

Fri, 08/01/2014 - 23:24 | 5036494 Drop out
Drop out's picture

I'm going to start making my own. Fuck the chineezez.

Sat, 08/02/2014 - 00:02 | 5036584 Atomizer
Atomizer's picture

AmigoCard. Just sent back the royalties for my marketing work.



Fri, 08/01/2014 - 23:26 | 5036499 Space Animatoltipap
Space Animatoltipap's picture

It seems the US finally gets blessed by God. 

Sat, 08/02/2014 - 06:21 | 5036608 Urban Redneck
Urban Redneck's picture

So Feinswein tries, and Putin succeeds.
Either way- free speech suffers.
After all, it' not as if there's a war on or anything- exactly the time when free speech is most important...

Sat, 08/02/2014 - 08:17 | 5037088 1stepcloser
1stepcloser's picture

That just a pussy riot!

Fri, 08/01/2014 - 23:36 | 5036529 Tegrat
Tegrat's picture

"Russian Oligarchs Wave Goodbye To Visa, Switch To Chinese Credit Card"



Fri, 08/01/2014 - 23:47 | 5036537 CitizenPete
CitizenPete's picture

I waant a Chinese UnionPay Credit Card -  You can get one and get ATM cash through Citibank

Fri, 08/01/2014 - 23:51 | 5036560 ekm1
ekm1's picture

Obama has caused so much harm and has made so many powerful enemies including the Military and Military Industrial Complex that I wouldn't be surprised at all that one morning he simply resigns and we all move on.


The "system" cannot accept 'decline'. The system punishes bad apples all the time.

The president will be persecuted by the system, sooner or later during and even after 2nd term is over, assuming he finishes the 2nd term in the office. That is my view


The system neither forgives nor forgets.


Sat, 08/02/2014 - 00:29 | 5036618 Freddie
Freddie's picture

The US Military and MIC?   LOL!  Yeah - they like the rest of Amerika - Congress, courts, intel, state givernors, sheriffs have done f**k all to stop this police state and you know who.  They are all General Petreaus sell outs.  No honor at all.  The absolute worst was the press/media/Hollywood who are part of the evil.

Do not let your kid or any realtive enlist because they will be used and killed like The Seals et al. 

Young kids getting f**ked over endlessly like Vietnam and the list goes on and on.  All bankster wars.  Or your kid will become a Blackwater/Xe like those f**ks at Bundy Ranch pretending they worked for the BLM.  The ones who killed some of Mr. Bundy's cattle and would have killed civilians except they were outgunned.

The US Military backed the banksters/govt against The Bonus Army.  The traitors in that included younger Patton, Ike and MacArthur. MacArthur was on of the biggest worthless f**ks in history.   Patton finally figured out the game and they killed him in Germany.  The only military man backing the Bonus Army was (eventually General) Smedley Butler.  Butler supported the Bonus Army.   Patton used tanks on the Bonus Army.  Tanks were used again at Waco.

And where was the US Navy when the USS Liberty was being attacked? They stood down.  The first ship to arrive and provide aid was Russian.  And who was the Admiral that day?  The name was McCain.  And which Admiral evetually spoke out and his kid was arrested and later died mysteriously in Paris is the tribe section of town?  Morrison.

Sat, 08/02/2014 - 01:28 | 5036723 bitterwolf
bitterwolf's picture

Unfortunate and sad, but TRUE facts about the way some officers have been traitorous tools for the elite and as always fucking the stalwart enlisted troopers.GEN. Smedly said it the best when he related he was a paid thug/enforcer for the elite in implementing their international interests/policies.Bonus Army(sans DC encampment) redux-the elite are still scared of the Veteran(s)...look at DHS stance towards fear of potential radicalized right wing combat vets that have balls and skills to upset applecart

Sat, 08/02/2014 - 11:44 | 5037504 robertocarlos
robertocarlos's picture

You don't believe he will have a 3rd term?

Sat, 08/02/2014 - 18:57 | 5038857 Real Estate Geek
Real Estate Geek's picture

Wait; what?  I thought this was already Cheney's fourth term.

Sat, 08/02/2014 - 00:27 | 5036634 vincenze
vincenze's picture

In other news, a secret panel in Moscow has ordered the Russian government to send Polonium to the four oligarchs from Yukos who stole people's oil.

Sat, 08/02/2014 - 01:33 | 5036747 Kirk2NCC1701
Kirk2NCC1701's picture

Hey, don't knock it till you used it. Polonaiska Vodka, it'll knock you on your ass.

Sat, 08/02/2014 - 12:46 | 5037732 Duffy Duck
Duffy Duck's picture

none of those oligarchs were "Russian" - there's now 5 of them [as parties to the suit], and at least 3 now live in Israel.

Sat, 08/02/2014 - 17:57 | 5038712 supermaxedout
supermaxedout's picture

Where is the problem ? Russia is simply charging an additiotal tax on these windfall profits.  95% is a good rate to start with. Even then there would be an extraordinary return on investment left for the former Yukos sharholders.

Sat, 08/02/2014 - 00:04 | 5036586 honestann
honestann's picture

We don't see too many positive trends in the world these days.  But the tendency to laugh at the predators-DBA-USSA, and show how [increasingly] easy it is to evade their threats... is a positive trend.  If only the sheeple start to learn that behavior.  Shrug.

Sat, 08/02/2014 - 15:10 | 5038205 Nick Jihad
Nick Jihad's picture

It's more of a window into the worldview of America's ruling class. They start out in academia, in the liberal arts, where the students basically compete to outdo one another in sycophancy to earn top grades. Then they move on to government, where citizens accept their diktats or face prosecution. They are poorly prepared for the commercial world, where transactions are voluntary, and you must offer value in exchange for value, not threats.

Sat, 08/02/2014 - 00:05 | 5036587 10mm
10mm's picture

1/2 a Nigga


Sat, 08/02/2014 - 06:15 | 5036996 jeff montanye
jeff montanye's picture

and what he's learned from the whites is worse.

Sat, 08/02/2014 - 00:07 | 5036589 flyonmywall
flyonmywall's picture

Yeah, I'd like one too. Get me one, and me love you looong time ! :)

Sat, 08/02/2014 - 00:14 | 5036605 Atomizer
Atomizer's picture

Wait until Obama comes back with another sanction reply. No golfing for Russians could be the next attack.


Sat, 08/02/2014 - 00:15 | 5036611 Fred123
Fred123's picture

rofl....a CHINESE credit card???? How utterly stupid is that?

Sat, 08/02/2014 - 00:16 | 5036617 TNTARG
TNTARG's picture

As stupid as Western credit cards.

Sat, 08/02/2014 - 14:31 | 5038084 laomei
laomei's picture

Not as stupid as you might think.  Chinese credit cards don't try to fuck me over every chance they get.


They basically assume that you will carry no balance and pay it off every month.  If you carry a balance for over 3 months you get blacklisted.  Interest for carrying a balance is based on the full amount (so if you owe 5000 and pay 4999.9, interest is based on the 5000 still).  But it's only 0.05% per day and doesn't compound (you dont get charged interest on the interest).  So, say you sat on a balance for 1 year and somehow didn't get blacklisted and they didn't cut up your card.  Your interest rate would be 18.25%, which compared to US cards is jack shit.  And as it's assessed on a per-day cycle, rather than per-month, if you are a day or two late, they don't care... call the bank apologize, they extend the grace period.  No "gotcha" crap, no tricks, no jumping through hoops, to even get one you have to prove income and assets and the limits start low.  Debit cards also work the way debit cards should.  No reordering of charges, no NSF bullshit, when you don't have enough you just don't have enough and the charge won't go through... because the system is real time.  Let's say you built a setup to do fast swipes and try and beat the system.  The system ain't dumb, it's FIFO, one will get through, the next one will get denied.  If on the off chance you managed to somehow rig a system to allow you to do it and extract more than your balance, they get to assume it was intentional unless you can document otherwise... and welcome to assfuckland if it's any serious amount of money because they know exactly who you are, where you live, where you work, etc.  The system is tight that way, because with 1.3 billion users, it has to be.


Say you go credit card, max it out and just don't repay.  Enjoy prison.  Under the law it's treated the exact same as if you robbed a bank.  If shit happened outside of your control and there is literally nothing you can do to repay, they *might* cut you some slack, but it's up to you to document it and prove it in court when they sue you.


So no, in summary, not as "stupid as western credit cards".  Chinese cards are just a 1-month interest-free loan.  The way the damn cards were intended to be from day 1.  And because of that, the rates are cheap, there's no bullshit, and people who should not have cards don't get em.

Sat, 08/02/2014 - 00:20 | 5036622 Urban Redneck
Urban Redneck's picture

A Chinese bank loaning you Uncle Sam's debt (you future tax dollars) is probably not as stupid as giving that same Chinese Bank your money to "hold on to for safe keeping".

Sat, 08/02/2014 - 00:24 | 5036631 Atomizer
Atomizer's picture

This whole scam is a riot; at least we have a good sense of humor.

Sat, 08/02/2014 - 01:36 | 5036749 Joe A
Joe A's picture

The latter not being as stupid as giving the Federal Reserve custody over your gold, as Germany found out.

Sat, 08/02/2014 - 00:29 | 5036644 caustixoid
caustixoid's picture

Not sure why the mockery - maybe charging less than 20% interest is mockable?   I would drop Visa in a second if a non-userious alternative existed.  Looks like unintended consequences just gave UnionPay a big boost.

Sat, 08/02/2014 - 04:05 | 5036915 Jano
Jano's picture

You consider US credit card and US bank business wise, if Chinese you claim to be stupid?

by the way, in the 13-th century Marco POlo brought the first paper money from China to Venetia, this stupid chineese idea, indeed turned stupid by money changers, running the USA.

Sat, 08/02/2014 - 05:59 | 5036983 Wahooo
Wahooo's picture

2 billion people don't leave home without it.

Sat, 08/02/2014 - 00:22 | 5036627 bitterwolf
bitterwolf's picture

From Bretton-Woods >to end of cold war>to only three major currencies>to the integrated global market+the fracturing of markets into several diifernt spheres of influence+major trade wars erupting= a new pardigm introduction(new currency/WTO Bank undercover of unifying a terrible global mess and bringing about a capitalist/market dynamic....consolidation and M&A that always manifests in any marketplace that benefits the global consumer/citizen.

Sat, 08/02/2014 - 00:38 | 5036663 Atomizer
Atomizer's picture

The Chameleons UK - Tears

The poor fucks are grasping at straws. Enjoy the link above, find your way thru the fog. Winks.

Sat, 08/02/2014 - 00:28 | 5036637 pupdog1
pupdog1's picture

" “Russia risks becoming a pariah state if it does not behave properly,” U.K. Foreign Secretary Philip Hammond said on Sky news this week."


Is this the same British empire on which the sun never set, and which is now is just a quaint tourist destination?

Sat, 08/02/2014 - 07:10 | 5036942 NuYawkFrankie
NuYawkFrankie's picture

The incessant  whining and mewling of these chinless, pancil-neck  Brit Zio-faggots is, quite frankly, getting rather tiresome.

Sat, 08/02/2014 - 06:07 | 5036992 Wahooo
Wahooo's picture

Here's how UnionPay describes the U.S. as a destination to its customers:

"The US is a developed and highly modernized country. Its rich natural resources and diversified culture make it an extremely charming touring destination."

We're charming.

Sat, 08/02/2014 - 21:05 | 5039146 bilejones
bilejones's picture


They described the country, not the fuk-wits who live there.

Sat, 08/02/2014 - 12:47 | 5037735 Duffy Duck
Duffy Duck's picture

the sun never set, and the blood never dried.

Sat, 08/02/2014 - 13:06 | 5037809 TNTARG
TNTARG's picture

High Diplomacy.

Sat, 08/02/2014 - 00:28 | 5036642 yogibear
yogibear's picture

When is someone going to cutoff Barry's credit cards?

His home town Chicago began selling off the Chicago Skyway as well as parking meters to get much needed cash.

A bankrupt president from a bankrupt city and state.

Sat, 08/02/2014 - 09:28 | 5037200 Headbanger
Headbanger's picture

When is somebody going to cut off Barry's balls and turn him into a gelding?


Oh wait...

Sat, 08/02/2014 - 10:29 | 5037317 lakecity55
lakecity55's picture

Rentboy may be nearing his "expiration date."

Let's wait and see what TPTB do...

Sat, 08/02/2014 - 00:32 | 5036649 TNTARG
TNTARG's picture

I' missing something.

What's the reason for all these sanctions against Russia?

Not for the plane they didn't take down, I assume.

Sat, 08/02/2014 - 01:07 | 5036715 BlindMonkey
BlindMonkey's picture

The Russians want to bring down the corrupt petrodollar. The US deep state is unloading a holy-fuckload of evil dirty tricks out of its *6 demon bag.

In other words, the usual.

*for all you Jack Burton fans.

Sat, 08/02/2014 - 15:23 | 5038253 Nick Jihad
Nick Jihad's picture

To be generous, to discourage the Russions from encouraging Ukrainian rebels to be belligerent assholes. Of course, people who live in glass houses should be careful throwing stones at belligerent assholes.

Sat, 08/02/2014 - 00:36 | 5036655 Joe Tierney
Joe Tierney's picture

The Boorst / Fried Rice card - it's everywhere the NSA wants to be!


I'm stockpiling dollars for when the crash happens and inflation in the U.S. skyrockets - toilet paper will cost $100,000 per roll. But I'll be in good shape because I can wipe my stinky butt without worry - that's what the pile of dollars is for.

Sat, 08/02/2014 - 11:53 | 5037519 robertocarlos
robertocarlos's picture

The best part, which I discovered by accident, is that the paper dollars can be laundered and come out smelling like new. I left a fiver in my jeans and washed the jeans in the washing machine and then the dryer. Unfortunately for me, Canada switched to plastic bills from the nice linen ones.

Sat, 08/02/2014 - 15:50 | 5038314 crazybob369
crazybob369's picture

Was up in Vancouver last week and I pulled out some cash to pay for some groceries. The guy saw that I had one of the old $20 bills and actually offered me $21 for it.

Sat, 08/02/2014 - 19:02 | 5038872 Real Estate Geek
Real Estate Geek's picture

Rube, you should have gotten closer to 22 Canadian $ according to


Sat, 08/02/2014 - 00:53 | 5036685 joemayo
joemayo's picture

Ukraine's war may have a second front.

Linked from vineyardsaker blog comments:

"Communicated only with the Prime Minister of the people's Republic of Subcarpathian Peter Gecko.

In Transcarpathia so-called predvolena. What it will grow, will understand in the course of two days. Citizens of the people's Republic of Subcarpathian against the mobilization of the criminal fascist war of Kiev. Citizens of the people's Republic of Subcarpathian demand autonomy.

Everything is decided at these moments. Hopefully that will open the second front. I think that Kyiv will SAG and get scared. Kyiv has no power to deal with the Russians and Hungarians."

"Elena says: rebellion in Transcarpathia...all the roads are blocked. trains stop...taken under protection of strategic objects rebels... Rusyns rose with weapons ... the Movement between villages through checkpoints only in the presence of people who personally know the person... the epicenter of resistance Mukachevo... the inhabitants of Transcarpathia refuse to serve in the army okraji and demand autonomy, adopted in 1991. Information has already appeared on the friends and get information first hand... long live the Republic of Subcarpathian Rus !!!"


Sat, 08/02/2014 - 10:36 | 5037334 Winston of Oceania
Winston of Oceania's picture

I wonder if the russian soldiers stirring up trouble there will also post pictures of themselves on FB and instacrap?

Sat, 08/02/2014 - 12:52 | 5037747 Duffy Duck
Duffy Duck's picture

they'd get massacred and it wouldn't even make the papers.

Sat, 08/02/2014 - 01:50 | 5036764 Ariadne
Ariadne's picture

Iron Curtain redux. Great job, "representatives".

Be seeing you. In court.

Sat, 08/02/2014 - 04:22 | 5036775 netpounder
netpounder's picture

TSA: Visa?
Timchenko: I throw away.  Do not reach me or I must break you.


Timchenko vs. Visa video.

Sat, 08/02/2014 - 02:09 | 5036783 pashley1411
pashley1411's picture

Notice the illusion that if nations extend the conflict pain down to the citizen-level, that it will some how discourage citizens.   Population bombing, attrition, famine, etc...

Countless examples this past century, to start.  Instead, it just pisses them off.   Non combatants happen to be very flexible and resourceful.  

The extended lesson of the please-god-soon-departed-administration is that Chicago-style politics doesn't work beyond Chicago.  

Sat, 08/02/2014 - 02:30 | 5036800 cristo
cristo's picture

The us is a spent power in the death throes and lashes out blindly .

Sat, 08/02/2014 - 15:31 | 5038268 Nick Jihad
Nick Jihad's picture

And consumes the seed corn.  What future is there for Visa and MasterCard, now that the world sees them as tools of the US Fedgov?

Sat, 08/02/2014 - 15:47 | 5038300 crazybob369
crazybob369's picture

The most dangerous animal there is.

Sat, 08/02/2014 - 05:55 | 5036976 Wahooo
Wahooo's picture

Is that Ukraine, Gaza or Syria?

Sat, 08/02/2014 - 19:05 | 5038881 Real Estate Geek
Real Estate Geek's picture

Dunno, but it looks like they've got those AK-74's.  I want one.

Sat, 08/02/2014 - 22:08 | 5039283 socalbeach
socalbeach's picture

Turns out it was a fake capture of a Ukranian soldier.  Read comments if interested.

Sat, 08/02/2014 - 03:53 | 5036903 22winmag
22winmag's picture

Is it true those Chinese credit cards smell like formaldehyde and also function as a free pass to shit on the side of the road?

Sat, 08/02/2014 - 09:14 | 5037170 RaceToTheBottom
RaceToTheBottom's picture

Why would you need a pass?

Plus you can use some Fiat FRN to wipe.

Sat, 08/02/2014 - 04:05 | 5036913 hedgiex
hedgiex's picture

Money (Credit in developed economy) is both a store of value (based on trust) and a medium of exhange.

BRICS are not ready to have their chosen currency to become an alternative to US$ as a store of value. But they say let's start with having an alternative to the US$ as a medium of exhange. This should also reinforce/expedite the larger ambition.

It is the same long term strategy to eat your lunches one scoop at a time until you wake up and find that your core credit system has gone. They too have the same data mining, profiling and algos to monitor your spending behaviors.

Sat, 08/02/2014 - 05:05 | 5036949 GreatUncle
GreatUncle's picture

Rather amusing.

The oligarchs will adapt and DEVELOP NEW ALTERNATIVE METHODS and a kick in the nuts to the current system. All my life I have seen this ingenuity in all, rich and poor alike. So a Chinese credit card? Well we live in a capitalist world do we not? Or so we are told so can I sign up to one? Or maybe a Chinese bank to hold your hard earned savings before any bail-in.

Reckon these oligarchs could show the way out of the current thieving economic system before the final bail in.

Sat, 08/02/2014 - 05:54 | 5036975 Obamanism
Obamanism's picture

Union Pay "That will do nicely, Sir"  American Express Platinium forget it.

Sat, 08/02/2014 - 06:09 | 5036994 Wahooo
Wahooo's picture

China UnionPay website:

UnionPay U.S. Customer Service: CUP has established the acceptance of CUP cards in the US since December, 2005. The customer service hotline of CUP in the US is 866-567-5516.

Sat, 08/02/2014 - 08:23 | 5037101 Quinvarius
Quinvarius's picture

Obama's arrogance has pretty much buried the US.  The financial system is not weapon.  It is a network of trust.  We benefitted from being trustworthy.  Then we let a clown with no understanding of what it takes to build or maintain anything take charge of everything.  He has devolved into an African warlord mentality that does not work in Western civilization.  Whoever comes after Obama is going to have a bad ride.  The anti-US momentum is massive.  Bush sucked too.  But Obama could have easily fixed the problems. 

Sat, 08/02/2014 - 10:25 | 5037300 lakecity55
lakecity55's picture

You can take the Kenyan out of Kenya, but you can't take Africa out of the African.

Backdoor Barry has the IQ of a rock.

Geez, if you are going to appoint a puppet, use one with some actual intelligence who is willing to go along. Do NOT hire some moron with a lot of phony college degrees.

TPTB could really have used a Parrot and got the same result. Cheaper, too!

Sat, 08/02/2014 - 08:35 | 5037114 orangegeek
orangegeek's picture

"in some ways it is more secure than Visa - at least the Americans can't reach it."


yep - you communists are safe with the other communists running things


wonder when China will invade Siberia for resources - Russia sure as hell can't defend it

Sat, 08/02/2014 - 09:25 | 5037194 ThisIsBob
ThisIsBob's picture

Probably when they don't care if Beijing gets nuked.

Sat, 08/02/2014 - 12:03 | 5037212 Moccasin
Moccasin's picture

Russia is the only country in Europe that can turn its back on the West and face East. It will be a cold winter in Western Europe and Russia will supply China oil and gas. When it comes to money this is the beginning, if western banks are going to mess with Russia, Russia will borrow from Chinese institutions and why not! As the currency war heats up, expect a gold based BRICS trade certificate in the coming months, then expect the West to foist a hot war on Russia's ass. The West will not get the war in the Ukraine on their terms, Russia has what they want, a controlled battle field in the Ukraine which they are winning. The war in the South East Ukraine can go on for a long time exposing the West to rising cost politically and Russia will succeed. NATO and America have nothing but bluster and a threat that Russia knows they will never follow through on unless America is run by sociopath nihilists. Total war with Russia is not an option or a solution unless General Ripper is running the show. Lastly, the Ukraine will not fully get its grain crop off this fall, bread prices in Europe will rise and if the war lasts into the fall the Ukrainian nation will have committed state suicide. The Ukraine will never exist as we knew it, much like Syria and Iraq, permanently fractured and in civil war. The cold winter in Western Europe will only be heated by the big mouth leaders who spew propaganda on our ass.

Sat, 08/02/2014 - 17:28 | 5038298 crazybob369
crazybob369's picture

Agree with everything you said. Unfortunately I believe that the US is being run by a bunch of sociopaths/psychopaths. Hope I'm wrong, but fear that I am not.

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