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First BRICS Bank, Now BRICS Food Bank

Tyler Durden's picture




 

Despite President Obama's dictating that Russia is increasingly "isolated," it appears they have found a whole new set of friends to play with in the global trade sandpit. In retaliation to Western sanctions, Putin yesterday unveiled a total food import ban from all sanctioning nations, and, just as the BRICS created their own 'IMF-lite' away from Washington's prying eyes, Russia plans to substitute banned goods with not just domestic supplies but imports from Latin America, China, and several other nations. Agriculture Minister Nikolai Fedorov said "no food shortages are expected," but more isolation for the West...

 

Russia is already turning away trucks at the border and cancelling orders (as FruitNet reports)

Catalan producer association Afrucat is urging its members not to send lorries to Russia until the situation regarding the ban on EU imports has been fully clarified, following reports that trucks laden with fruits and vegetables are already being refused entry at border crossings.

 

“Initially it seemed that the Russian government was making its decision on a product-by-product and country-by-country basis after discussions with its producer associations to ascertain the possibility of meeting demand with local production, but as the morning wore on, a growing number of Russian importers starting cancelling orders – first as a precaution and subsequently as it was confirmed that trucks would be turned away at the border,” Afrucat said in a statement.

As Bloomberg reports,

Russia plans to substitute banned goods with domestical products, supplies from Latin America, China, North Africa, Israel, Turkey, former Soviet allies, Agriculture Minister Nikolai Fedorov tells reporters in Moscow.

 

Russia may revise or narrow food import restrictions, not planning to widen them yet

 

Restrictions could have been tougher; “That’s a necessary measure, we were forced to make these decisions”

 

No mid-term pressure on inflation expected; import restrictions may lead to short-term, “emotional” CPI jump

 

No food shortages expected

 

Russia should spend additional 137b rubles in 3-4 yrs on agricultural industry, according to ministry est.

 

Country ready to defend position on food ban in WTO

 

Food ban doesn’t apply to Switzerland

Russians won’t feel dramatic changes, incl. in restaurants; “bon appetit” to all, Fedorov says

  • Russia can replace meat imports from U.S., EU, Canada, Australia with supplies from Brazil, Uruguay, Paraguay, Argentina, Belarus
  • Russia will try to replace Norwegian red fish with domestic supplies, shipments from other countries
  • Country consumes 2.345m mt of beef/yr, incl. 59kt from 5 banned suppliers
  • Pork: consumption 3.415m t/yr total vs 450kt from 5 sanctioned suppliers
  • Poultry: 4.28m t/yr total vs 338kt from banned countries
  • Fish: 3.44m t/yr total vs 457kt from banned countries
  • Dairy: ~36m t/yr total vs 459kt; cheese, butter, powdered milk can be imported from South America, New Zealand
  • Vegetables: 16m t/yr vs 900kt; subsitutions possible from Turkey, Argentina, Chile, China, Uzbekistan, Azerbaijan
  • Fruits and berries: 11m t/yr vs 1.6m t; apples, pears can be imported from Argentina, Chile, China, Serbia; cherry, apricots, peaches from Uzbekistan, Azerbaijan, Armenia, Israel, Turkey, Iran; citrus from Egypt, Morocco, Turkey, South Africa

*  *  *

Seems like once again, US sanctions have forced retaliation from Russia that economically impacts the US (and European) economies - just like Jack Lew said it would not...

*  *  *

And tonight:

  • *RUSSIA BAN ON U.S. BEEF SEEN POSITIVE FOR BRAZIL EXPORTS: ABIEC
  • *RUSSIA ALLOWS BEEF IMPORTS FROM 27 BRAZIL PLANTS: ABIEC
 

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Thu, 08/07/2014 - 18:14 | 5061439 trader1
trader1's picture

if russia invests more into producing its own food, then this is a win for the environment :-)

grow and eat local

 

Thu, 08/07/2014 - 18:19 | 5061462 Slave
Slave's picture

Looks like they're really hurting.

/s

USA! USA! USA!

/s

Thu, 08/07/2014 - 18:30 | 5061503 Keyser
Keyser's picture

Good news is this should reflect in cheaper beef prices in the US!!!!

Thu, 08/07/2014 - 18:35 | 5061533 zerozulu
zerozulu's picture

We ( the Americans) will keep working hard to isolate the world until we turn this country into a dual national's sanctuary.

Thu, 08/07/2014 - 18:45 | 5061595 smlbizman
smlbizman's picture

your good news should be good news...but i bet these fuckers will destroy excess inventory...or buy them all up with tax money and throw the chicken and beef in the landfill....

Thu, 08/07/2014 - 19:12 | 5061744 TVP
TVP's picture

Or, use this opportunity to bring out the Yellenator and print trillions, Zimbabwe style.  

 

 

 

 

Thu, 08/07/2014 - 20:59 | 5062396 bonin006
bonin006's picture

Krugman told me that if the food price in the US starts to drop they will have to buy it up and destroy it to keep the price up, or no one would buy it and we would be plunged into a horrible depression with no possible escape.

Thu, 08/07/2014 - 18:51 | 5061634 Publicus
Publicus's picture

Checkmate.

Thu, 08/07/2014 - 22:03 | 5062785 Bingo Hammer
Bingo Hammer's picture

Checkmate?

No, sorry "Pub" we aren't anywhere near the "end game" this is still the early stage pawn exchanges. To be a chess player let alone a Grand Champion requires the mindset and the will to sacrifice anything and everything to ultimately vanquish your adversary.

I wonder sometimes if the real goal of all this is the sheer "sacrifice" of all us non essentials occupying and filling up the board space, to clear the "field" somewhat and then the "elite" peices will position things for themselves to a technical draw.

Ultimately and as usual, the real losers will only be the people......"same as it ever was, same as it ever was"

Thu, 08/07/2014 - 20:17 | 5062154 Bossman1967
Bossman1967's picture

Na we just keep the border open and let them work on the farm all be k. Not

Thu, 08/07/2014 - 18:37 | 5061546 ThisIsBob
ThisIsBob's picture

Going to be more Canadian bacon, thats for sure.

Thu, 08/07/2014 - 18:51 | 5061635 Slave
Slave's picture

And cheaper sawdust prices.

Thu, 08/07/2014 - 20:24 | 5062185 Savvy
Savvy's picture

Until US feedlots go b/k. But i'm sure next year you can buy from Brazil (the B in BRICs)

Fri, 08/08/2014 - 02:03 | 5063695 laomei
laomei's picture

Basically everyone bans US beef, mainly because it is absolute crap and full of drugs/hormones/other horrid shit.

Thu, 08/07/2014 - 18:29 | 5061501 Bananamerican
Bananamerican's picture

Autarchy bitches!
Putin's responses to western threats, blackmail, hypocrisy and bullying have reminded me of the way America used to seemingly act, once upon a time... with righteous resolution.
We've been the global bullies, the torturing, corrupt, bullshitting "bad guys", for so long I can't even remember what national pride feels like.

I really dislike bullies.

Thu, 08/07/2014 - 18:51 | 5061630 Kirk2NCC1701
Kirk2NCC1701's picture

All I'm seeing is:  No Monsanto, NO GMO.  No USD.

This "hurts" them HOW?  Can we please get the same ban in our State?

Thu, 08/07/2014 - 19:27 | 5061833 pFXTim
pFXTim's picture

BRICS food...I would think the logical followup would be a BRICS shithouse...

 

Thu, 08/07/2014 - 23:12 | 5063175 KnuckleDragger-X
KnuckleDragger-X's picture

BRiCS bricks???

Thu, 08/07/2014 - 19:31 | 5061864 stant
stant's picture

I guess for us it's beer for my men burbon for our tanks

Thu, 08/07/2014 - 20:05 | 5062063 ChiangMai
ChiangMai's picture

 

"if russia invests more into producing its own food, then this is a win for the environment :-)"

Fourth of nine excellent points from today's post at The Vineyard of the Saker:

You wanna be Uncle Sam's bitch? Pay the price!

Fourth, Russia used these sanctions to do something vital for the Russian economy…Russia is using this total embargo to provide a crucially needed time for the Russian agriculture to invest and take up a much bigger share on the Russian market.  Also, keep in mind that Russian products are GMO-free, and that they have much less preservatives, antibiotics, colors, taste enhancers, or pesticides.  And since they are local, they don't need to be brought in by using the kind of refrigeration/ preservation techniques which typically make products taste like cardboard.  In other words, Russian agricultural products taste much better, but that is not enough to compete.  This embargo now gives them a powerful boost to invest, develop and conquer market shares.

Related, regarding Monsanto / GMOs:

Ukraine - the Bee War

 

 

Thu, 08/07/2014 - 23:58 | 5063365 conscious being
conscious being's picture

Two great links. Kop Jai deurrrrrrrrr.

Thu, 08/07/2014 - 18:16 | 5061443 Omen IV
Omen IV's picture

and this will be permanent as the alternative channels of distribution get deeper

kill Poland....... dumb fucks

Thu, 08/07/2014 - 18:16 | 5061451 Not Too Important
Not Too Important's picture

It'll turn third world countries positive again, and Putin will kill GMO/Monsanto in the process.

Malaysia has chosen to go BRIC, with their blaming Ukraine for shooting down the plane. All of Asia is rethinking their alignment, and it isn't good for the US/London.

How many times do you have to be punched in the mouth before you choose a different banker?

Thu, 08/07/2014 - 18:39 | 5061552 PhilofOz
PhilofOz's picture

Malaysia accuses Ukraine? References please.

Thu, 08/07/2014 - 19:01 | 5061691 Not Too Important
Not Too Important's picture
"Malaysia has stated for the first time that it believes the Ukrainian government ought to bear responsibility for the crash of Malaysia Airlines flight MH17, according to a report from Singaporean newspaper Lianhe Zaobao.
Malaysian transport minister Liow Tiong Lai was quoted by the paper as saying that the Ukrainian government needs to take responsibility for the disaster because it was Ukrainian air traffic controllers who permitted MH17 to fly over the country's airspace when it was shot down on July 17 en route from Amsterdam to Kuala Lumpur, killing all 283 passengers and 15 crew on board.
Ukraine's air traffic controllers did not notify MH17 that it was not permitted to fly in the region, Liow said, adding that the Ukrainian government had a responsibility to tell the Boeing 777-200ER airliner if it was in any danger."
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140729000007&cid=1101&MainCatID=11 and this, from the Malaysian New Straights Times:
US analysts conclude MH17 downed by aircraft
Thu, 08/07/2014 - 19:53 | 5061999 PhilofOz
PhilofOz's picture

Thanks. Malaysia is being way too polite in just saying Ukraine "must bear responsibility". When they finally call a spade a spade and say that Ukraine shot down MH17 then I'll have a bit more respect for their statements.

Thu, 08/07/2014 - 21:19 | 5062506 Tabarnaque
Tabarnaque's picture

Thanks for placing these links here. Well worth reading and re-sending around.

Thu, 08/07/2014 - 19:07 | 5061703 Kirk2NCC1701
Kirk2NCC1701's picture

I LOL'd when I read that they will importing fruit from Israel. So... Jaffa Oranges after all, as I asked a couple of days ago.

Anyone else see the irony, at how foolish Obama makes the US and the EU look, if they still trade with Israel?

Merkel must be thinking: "Welches Affentheater!" (What a monkey circus!), a German expression

Thu, 08/07/2014 - 20:30 | 5062223 Savvy
Savvy's picture

Sorry no link, but I read Malaysia was the only country to actually try and convict Bush and Cheney for war crimes.

Fri, 08/08/2014 - 00:01 | 5063387 conscious being
conscious being's picture

That and Israelis for Cast Lead. Only days later, their planes started disappearing.

Thu, 08/07/2014 - 18:17 | 5061456 666
666's picture

But how will the USSA keep the Russians population ill with all the antibiotics, pesticides, and GMOs that  are added to food if they stop buying it? How will the Russians get heart disease if McDonald's is closed down? Inquiring minds and the NSA want to know!

Fri, 08/08/2014 - 00:09 | 5063411 conscious being
conscious being's picture

Funny you should ask. Turns out, they're working on it.

Monday, June 9, 2014 Ukraine - the Bee War

http://rocksolidpolitics.blogspot.com/2014/06/ukraine-bee-war.html

 

From Chiang Mai upthread

Thu, 08/07/2014 - 18:18 | 5061459 no more banksters
no more banksters's picture

"What we see now, is a cruel battle with time. On the one hand, Russia and China, together with the rest of the BRICS, are trying to get rid of the dollar and form their own currency system to gain complete independence, on the other, the neocon banking-corporate puppets in the US are in panic and seek desperately a pretext to come to war with Russia and put an end to this threat for their plans. This explains their agony to drag Russia into a warm conflict."

http://failedevolution.blogspot.gr/2014/08/the-dominant-elite-ready-to-b...

Thu, 08/07/2014 - 18:40 | 5061562 Bastiat
Bastiat's picture

I'm afraid so.

Thu, 08/07/2014 - 18:20 | 5061465 Bloppy
Bloppy's picture

This seems risky for Putin if supplies from the replacement countries are slow to reach Russia

Thu, 08/07/2014 - 18:30 | 5061498 813kml
813kml's picture

One would assume that Russian gov already had plans and contingencies before announcing sanctions.  This type of thinking can be confusing to Americans because it runs opposite of US gov.

Thu, 08/07/2014 - 19:08 | 5061721 Kirk2NCC1701
Kirk2NCC1701's picture

You bet!  Probably inked while he was in Brasil for the World Cup.

Thu, 08/07/2014 - 19:41 | 5061935 lotsoffun
lotsoffun's picture

'US gov.' doesn't exist currently.  the FED exists, the 'gov' exists to try to snatch and grab at some of the printed beauties before jamie and lloyd pocket them all.  just that simple.  in between, the MIC tells the 'gov' what to do, and again the 'gov' hopes some of it trickles down.

 

Thu, 08/07/2014 - 20:18 | 5062153 ChiangMai
ChiangMai's picture

Also note Medvedev made this statement more than four months ago:

Prime Minister Dmitry Medvedev recently announced that Russia will no longer import GMO products, stating that the nation has enough space, and enough resources to produce organic food.

 "If the Americans like to eat GMO products, let them eat it then. We don’t need to do that; we have enough space and opportunities to produce organic food.”

 

Thu, 08/07/2014 - 21:14 | 5062460 ptolemy_newit
ptolemy_newit's picture

President Vladimir V. Putin said "A modern transport infrastructure is the real road to Russia's future”.  By 2016 the plan is to construct 63,000 km of new roads and 8,600 km of railway route through Siberia to facilitate economic ties to China. 

 Also the current traffic intensity and capacity utilisation levels will require more than a third of the roads in Russia to reconstruction and modernize; and we are talking about a network of 1,145,000 km in total!

 We are looking at $25-35bn of Government spending annually on road infrastructure alone for the next 3-5 years.  All told, Russia is hoping to raise $1 trillion for infrastructure investment over the next 10 years, with as much as 80% of the financing coming from private sources, (private toll roads).

 

 

Fri, 08/08/2014 - 10:33 | 5065045 FrustratedLogician
FrustratedLogician's picture

My father should be going to work to Russia lol. He is civil engineer and roads engineer working for some fucked up EU funded company. I will mention that to him lol.

Thu, 08/07/2014 - 18:30 | 5061500 Keyser
Keyser's picture

Russians are much harder than their western counterparts... Plus, if they complain, they know the gulag is not far away... 

Thu, 08/07/2014 - 18:37 | 5061550 NOTaREALmerican
NOTaREALmerican's picture

So, they've already got FEMA camps.   Good news on that front.   Wait a sec,   FEMA camps are good or bad?  This is getting confusing.

Thu, 08/07/2014 - 23:26 | 5063231 KnuckleDragger-X
KnuckleDragger-X's picture

Read the "Gulag Archepeligo".

Fri, 08/08/2014 - 00:17 | 5063435 conscious being
conscious being's picture

Yes, read the "Gulag Archepeligo", but don't confuse the now departed Soviet Union w/ the present Russia like the Zino cheering squad stationed here on ZH want you to.

Thu, 08/07/2014 - 18:45 | 5061597 esum
esum's picture

russians much harder..... they are fucking DRUNKS..... DURING PERESTROIKA BROUGHT IN TURKS to do a job and gave the "hard ruskies" a bottle of vodka and told them to go fuck themselves....but come back tomorrow for a refill... 

their army has low morale and isnt being paid on time... half their shit doesn't work and they would cross thier fingers we haven't re-programmed their missles to boomerang.... 

after the 70+ years under communism THEIR SPIRIT IS CRUSHED and the only thing they learned under communism was how to lie cheat and steal.....  The only think dropping communism did was fuck the pensioneers, proudly weraing thier base-medal medals... proudly earned by sacrifice for mutha russia... they got sodomized....... 

Unles Obola finishes his objective to reduce the military, we can take out China and Russia simultaneously.... maybe not if another like Obola gets in .... 

 

 

Thu, 08/07/2014 - 19:00 | 5061683 Slave
Slave's picture

Please tell me why you want us to "take out" Russia and China.

Thu, 08/07/2014 - 19:21 | 5061797 TungstenBars
TungstenBars's picture

WTF are you talking about. i know Russian soldiers and they certainly get paid on time, and their morale is at 110%

 

Who wouldn't want to kick some amerinazi ass after what has happened? 

 

Where do you get your info from

Thu, 08/07/2014 - 19:46 | 5061959 Anusocracy
Anusocracy's picture

Apparently neocon comic books.

Thu, 08/07/2014 - 19:49 | 5061980 underbussen
underbussen's picture

You're twenty years out of touch. PAK FA T-50 anyone? Go back to your video games, reality does not suit you.

Thu, 08/07/2014 - 20:27 | 5062215 ChiangMai
ChiangMai's picture

The first three paragraphs of your comment appear to have been written in 1991; regarding ...we can take out China and Russia simultaneously..., your we seems to be referring to some gang of neocon psycopaths that's not well-represented here.

[INFOGRAPHIC]  15 Years of Putin - How Russia has changed in the last 15 years since Vladimir Putin came to power

 

 

Fri, 08/08/2014 - 02:07 | 5063704 Pundit
Pundit's picture

You seem to be completely out of touch with reality.Where did you get all this shit?

Thu, 08/07/2014 - 18:30 | 5061502 Peter Pan
Peter Pan's picture

If it's risky to Putin, it's even riskier to Europe.

Thu, 08/07/2014 - 18:33 | 5061522 JohninMK
JohninMK's picture

No risk to Putin, he should be able to benefit from it. The bulk of the Russians are behind him and he is blaming any adverse effect on the evil Obama and the USA.

Thu, 08/07/2014 - 19:03 | 5061701 WhyWait
WhyWait's picture

I don't know who on this list has ever been through a stirke or lockout, on either side.  It gets hard and ugly.  Everyone gets hurt. Workers start to get crazy when they can't make payments on their home or car. Company officers face serious damage and possible loss of control.  If neither side's demands are impossible, and if shutting the company and moving it is not an option, the winner is the side that can take the pain longest.

For the union, if members are educated on the issues at stake, understand what they were getting themselves into and are kept informed and engaged, their odds of winning are high because they'll take a lot of pain and hold on.

This contest is a bit like that.  The Russian people will have to bear some pain.  Maybe a lot.  Do they know what they're getting into?  Do they understand the stakes?  Are they backing Putin with their eyes wide open?  Are they being kept well informed and engaged?  If so, Putin's got a strong hand.  

And how about the people of the EC?  How does their support stack up?  And how about the local industrialists and investors?

 

Thu, 08/07/2014 - 19:54 | 5062005 underbussen
underbussen's picture

The older russians certainly know how to do it hard, the younger ones not so much, at least not those in the wealthier cities, they've grown up in comparitively "good times", that siad an aweful lot of russians are still quite poor and have been doing what we might call "hard" their whole lives, I think the perception of Russians is that life won't change that much and if it does, whatever, we just get on with it, at least thats my experience with Russians and Ukrainians also. They have a kind of make-do attitude and just get on with life regardless.

Thu, 08/07/2014 - 20:03 | 5062068 Bemused Observer
Bemused Observer's picture

I think Russians see themselves beyond the current leadership. Like, Presidents, Czars, Stalins, they come and go. But the Russian people outlast them all. They seem to have the kind of patience that comes with a longer term view of things.

Thu, 08/07/2014 - 23:34 | 5063279 KnuckleDragger-X
KnuckleDragger-X's picture

Yep, read any russian literary works, suffering an endurance are a given and expected. It doesn't that they can win but it'll be painful for anyone to take them on.

Thu, 08/07/2014 - 19:55 | 5062018 Bemused Observer
Bemused Observer's picture

If this is about who can take the pain longer, it's all over. Russians know all about tolerating pain, we in America? Not so much.

And Russians are patient. They will stand in line for hours if they have to. Your average American gets agitated if he has to step on the brakes going through the EZ Pass.

This whole thing might be over very quickly...

Thu, 08/07/2014 - 18:21 | 5061469 oudinot
oudinot's picture

Putin Judo once again.

Thu, 08/07/2014 - 18:25 | 5061481 Slave
Slave's picture

The USA exports death and dollars. The world doesn't need or want either.

Thu, 08/07/2014 - 19:38 | 5061908 lotsoffun
lotsoffun's picture

we also export stupidity and aggression.  lebron james and snoop doog (and obama).  not everybody is yet stupid enough to want to emulate it.

Fri, 08/08/2014 - 00:21 | 5063448 conscious being
conscious being's picture

Poisoned food, fradulent bonds and depleted uranium.

Thu, 08/07/2014 - 18:22 | 5061471 Winston Churchill
Winston Churchill's picture

Seems like Putin reads real history,

Loss of the South American markets was the death knell for Pax Britannia.

With China building a new canal, the US's balls are being squeezed in a vice.

Cho: an amalgam of Go ,and Chess where the King is smothered ,slowly at first.

Thu, 08/07/2014 - 18:33 | 5061517 813kml
813kml's picture

The vice won't have much to squeeze, decades of US roid rage have left them the size of raisins.

Thu, 08/07/2014 - 18:35 | 5061538 JohninMK
JohninMK's picture

What with a bigger 'Panama' canal just down the road in the next country and what looks to be another canal across Thailand, the Chinese are going to be busy.

Hope they have paid upfront in US$

Fri, 08/08/2014 - 00:26 | 5063469 conscious being
conscious being's picture

No canal across Thailand. You mean the Kra Penninsula. New port in Burma with pipelines to Yunan to reduce exposure to the Straits of Malaca.

Thu, 08/07/2014 - 18:24 | 5061480 Peter Pan
Peter Pan's picture

Like they say, "the customer is always right.". LOL

America is sadly shooting itself in both feet and is initiating a paradigm shift that does not favour either its interests or the world.

Thu, 08/07/2014 - 18:25 | 5061484 ebworthen
ebworthen's picture

The Brazilian beef is probably better than what comes from the U.S.

Thu, 08/07/2014 - 19:34 | 5061779 cowdiddly
cowdiddly's picture

OT Ive been smoking Brazilian briskets all summer and its definitely better. Not quite as tender as US beef but hellaciously better flavor and lots less shrinkage from the US injecting salt water into meat for weight. And, cattle will stomp on GMO corn/soybeans to get to regular corn if given a choice due to the higher protein content and most likely flavor Animals are not dumb and prefer not to eat trash if they have the option. I think this has something to do with the way the Brazilian beef tastes, the quality of the grain carries through to the finished products taste.

I have learned a neat trick to compensate for the tougher meat from obsevation of my own cattle over many years. That and I slow smoke so its falling to pieces anyway.

Cattle will lay on their right side 80/90 percent of the time. Why I do not know. When they get up they push with this muscle to stand, so the left side brisket is  used less and usually more tender. Look at the curve  of the thick end (called the point) It will curve from left to right on the left sided one when the thin end (the flat) is at your belly. You just have to picture this cut coming from the lower bottom neck area to between the legs for it to make sense. Try it it works!

Thu, 08/07/2014 - 18:26 | 5061489 Peter Pan
Peter Pan's picture

The USA reminds me of a wife that complains of a headache at bed time. The only problem in this case for America is that Russia has a harem to choose from.

Thu, 08/07/2014 - 19:40 | 5061927 Peter Pan
Peter Pan's picture

Oh shit. My wife must have read my comment.

Thu, 08/07/2014 - 19:48 | 5061973 Peter Pan
Peter Pan's picture

And now my mother in law.

Fri, 08/08/2014 - 00:01 | 5063383 Moonrajah
Moonrajah's picture

By mother in law do you allude to Israel, per chance?

Thu, 08/07/2014 - 18:27 | 5061490 fockewulf190
fockewulf190's picture

Anybody who can survive a Leningrad can deal with this.  Europe may indeed fracture.  Many of the remaining jobs are linked to agriculture...especially in the poorer EU member states.  The pressure will be on in Brussels.  Putin is going to test Obama.  Probably when he´s just starting to get comfortable at Martha´s Vineyard.  You can just feel it in the air.

Thu, 08/07/2014 - 18:28 | 5061497 The Duke of New...
The Duke of New York A No.1's picture

Next in the new product line is the "BRICS Babes".

Thu, 08/07/2014 - 18:31 | 5061507 fockewulf190
fockewulf190's picture

I´m waiting for the new version of "BRIC House" to show up on YouTube anyday now.

Thu, 08/07/2014 - 18:39 | 5061551 JohninMK
JohninMK's picture

With backing music from the Commodores

Thu, 08/07/2014 - 18:32 | 5061508 Anarchy 99
Anarchy 99's picture

give me nurse barbie to play with and I'll contribute to the sperm bank.

Thu, 08/07/2014 - 18:32 | 5061512 esum
esum's picture

commrades effective immediately you will be on a special diet.... with global warming thousands of bodies of executed exiles in siberia have washed into rivers and lakes from glaciers... they are high protien, frozen treats that have been flash frozen with one shot  behind the ear during the cold war era (prime) and dropped over the precipice... they are fully clothed and perhaps you can find a size match/trade for vintager clothes as well.. remember Vlad loves you... 

Thu, 08/07/2014 - 19:08 | 5061720 Dickweed Wang
Dickweed Wang's picture

Global warming?  Keep that garbage off of ZH.  FWIW this has been the coldest summer I can remember in the midwest USA.

Thu, 08/07/2014 - 18:33 | 5061514 uno
uno's picture

US counters with importing ebola from Africa and millions in poverty from 3rd world.

Thu, 08/07/2014 - 18:34 | 5061524 Let them eat iPads
Let them eat iPads's picture

Moscow store shelves will be empty.

It'll be like old times. Ah, nostalgia...

Thu, 08/07/2014 - 19:05 | 5061711 Dickweed Wang
Dickweed Wang's picture

Moscow store shelves will be empty.

Wrong . . . .

Thu, 08/07/2014 - 19:10 | 5061735 Peter Pan
Peter Pan's picture

I agree. Great time for you to stock up on Monsanto products at special prices.

Thu, 08/07/2014 - 18:34 | 5061525 esum
esum's picture

EU ....... prepare to freeze your fucking nuts off ... and dont forget to thank Obola the supreme assclown......

Thu, 08/07/2014 - 18:44 | 5061586 Peter Pan
Peter Pan's picture

The gas will not be cut. Europe will thaw well before that. Necessity is the mother of compromise.

Thu, 08/07/2014 - 18:46 | 5061605 El Vaquero
El Vaquero's picture

Why cut the gas when they can just jack up the dollar price and offer an alternative lower price in an alternative currency?  

Thu, 08/07/2014 - 18:55 | 5061651 Peter Pan
Peter Pan's picture

Very clever idea but will require more than Russia carrying out such a policy.

Good thinking.

Better still ask Europe to cough up gold in payment.

Thu, 08/07/2014 - 19:32 | 5061875 lotsoffun
lotsoffun's picture

europe has gold?  das is gut.  i guess they could all ask london and new york (i mean jamie dimon) for their gold back.......

 

Thu, 08/07/2014 - 19:45 | 5061956 El Vaquero
El Vaquero's picture

Russia could be very flexible.  Gold, Rubles, the Euro or even the yuan.  The point being that it is not the dollar.  Still accept dollars, but jack the price up for dollar denominated energy trade.  Europe would buckle quickly, especially if Euros were an option.  The point is not to strengthen the Ruble here, but to weaken the dollar.

Thu, 08/07/2014 - 18:59 | 5061677 Kirk2NCC1701
Kirk2NCC1701's picture

I gave you a +1 for spirit, but disagree on strategy and psychology...

The way to really hurt them, is to make them pay in Rubles or Gold: 1. It strengthens the Russian currency, 2. it suggests curency backing by gold +energy (plus nukes), and 3. it accelerates the de-Dollarization.

If they want to hurt the US, it's by attacking the Petrodollar, via de-Dollarization.  Discovered Check.

Thu, 08/07/2014 - 20:39 | 5062261 Savvy
Savvy's picture

Putin won't play his energy ace until he has to and when he does it'll be a game changer. And he won't pussify it.

Thu, 08/07/2014 - 18:35 | 5061536 PhilofOz
PhilofOz's picture

So New Zealand products are ok for Russia but Aussie products are now banned?  You complete big mouthed dick-head Abbott! Ass-holes like you that almost accuse Russia and Putin of MH17 shoot down without a shred of evidence and then wanting him banned from the G20 in Brisbane now get a bit of your own back! F#*king Jerk!!!!!

Thu, 08/07/2014 - 18:45 | 5061596 JohninMK
JohninMK's picture

Pulling your punches there Phil.

 

Thu, 08/07/2014 - 18:57 | 5061670 Peter Pan
Peter Pan's picture

Forget the G20....Putin just found the G Spot.

Thu, 08/07/2014 - 21:46 | 5062666 Aussiekiwi
Aussiekiwi's picture

lol, you know Abbott, shoot the mouth of first then check with the brain if it was ok, but we love him, over 50% voted him into power.

Thu, 08/07/2014 - 18:39 | 5061555 John McCloy
John McCloy's picture

Ahhh..I can see it now...
The recession that never ended that's really a depression..prolonged 0% rates... Reverse taper and expanded QE all to be blamed on Russia because of the myopic idiots running around thinking they are masters if the universe...feed em with the propaganda of the new Cold War Putin enemy..line up some more false flags and exxagerating while concealing their own mistakes...
Gotta keep that money transfer from the workers to the financiers going...too late now...US currency reserve status is endangered to the point that they are doubling down and guaranteeing wars instead if attempting diplomatic efforts..no bother to them 1000 families that control it all...we can be collateral damage and cannon fodder whilst they stay behind their high walls protected by mercs...
And they keep forgetting about China getting ready to flex it's muscles...what happens when they realize they are never getting their bond payments? They are gonna drop ever single piece of paper as quietly as possible until it cannot be denied any longer.. We collapse...Europe falls rough into line with it's new masters.
FSA here will kill each other as a new nation emerges..Scary?
In war it does not matter who is right..only who is left.

Fri, 08/08/2014 - 00:46 | 5063545 conscious being
conscious being's picture

In war it does not matter who is right..only who is left. - Karma cares John. Karma cares. And payback is gonna be a female dog for The Homeland.

Thu, 08/07/2014 - 18:39 | 5061561 jubber
jubber's picture

Argentinian steaks...mmmmmmm yum

Thu, 08/07/2014 - 19:55 | 5062013 youngman
youngman's picture

Actually Argentinian meat is way down production wise..Christine put a big tax on exporting beef a few years back...and the ranchers have all cut back on production...killing the golden goose so to speak..

Thu, 08/07/2014 - 18:48 | 5061610 esum
esum's picture

"Russia is already turning away trucks at the border and cancelling orders (as FruitNet reports)"

 

fruitnet......... isnt that obola's and kerry's domain ???

Thu, 08/07/2014 - 20:46 | 5062320 Savvy
Savvy's picture

Perehaps it is but friends in Finland say all their dairy produce is being turned back.

Thu, 08/07/2014 - 18:54 | 5061642 ObamaDepression
ObamaDepression's picture

So China can now sell Russia their poisoned food instead of dumping it in the river.

 

As for Americans, we're going to get some cheap prices on chicken. Good for us!

Thu, 08/07/2014 - 18:56 | 5061661 AdvancingTime
AdvancingTime's picture

If Obama is talking about dropping aid packages in Iraq he might also start thinking about blankets for the people of Northern Europe because if they listen to him it will be a cold cold winter. Europe has reason to be unexcited about a possible long and expensive conflict. While still trying to recover from a recession Europe would face fuel shortages and a massive spike in the price of natural gas. 

Currently Russia supplies much of the gas used in Europe, this gives Putin a great deal of leverage. If an actual ground attack were to occur few see the Russians as likely to rollover as other armies have when America approaches. More on this subject in the article below.

http://brucewilds.blogspot.com/2014/07/putin-holds-all-cards.html

Thu, 08/07/2014 - 19:12 | 5061745 ThisIsBob
ThisIsBob's picture

NATO can't attack Russia, obviously, but it will make a nuisance of itself nevertheless.  Russia will not cut off the gaz, its E-Z money.

Thu, 08/07/2014 - 19:16 | 5061690 ThisIsBob
ThisIsBob's picture

Ah, Brazil.  Yes, revenge is a dish best served cold.

I'd be like:  "Anything you want Val.  How 'bout today, is today good for you?"

And I can't wait for the hordes of scythe weilding EU farmers to start demanding compensation for their losses from their yankee ass kissing governments.

Thu, 08/07/2014 - 20:56 | 5062376 ChiangMai
ChiangMai's picture

"...start demanding compensation... from their... governments."

Or, even better (and exactly one of the goals for Russia, achieved in less than 24 hours), the governments themselves demanding compensation from the EU:

Finland to seek compensation [from EU] if Russia sanctions hit economy

 

Thu, 08/07/2014 - 23:45 | 5063318 KnuckleDragger-X
KnuckleDragger-X's picture

DAMN! Just little rays of sunshine all over this thread. :-)

Thu, 08/07/2014 - 19:02 | 5061697 Circle of DNA
Circle of DNA's picture

Grow locally! It is healthy, environmentally sound, good for the local economies and much cheaper. With all this land, Russia can't go wrong.

Fri, 08/08/2014 - 00:51 | 5061712 honestann
honestann's picture

The neocons trash Ron Paul for being "isolationist" (false characterization).  Then they implement policies to push the USSA towards isolationism.  Stooges.  Frankly, smart move for Russia... most USSA food is very unhealthy.

Thu, 08/07/2014 - 19:24 | 5061815 Realname
Realname's picture

Irina Rodnina just sent a bushel of bananas to Obama as a gesture of goodwill.

Thu, 08/07/2014 - 19:45 | 5061951 Bemused Observer
Bemused Observer's picture

Argentina can produce a lot of food for trade with Russia, without using our dollars. That would help out Argentina, I'm sure. And it would be a good 'fuck you' to the US and Elliot Management too.

You know, people have OPTIONS that don't include us. Too bad we are too blind to see that.

Thu, 08/07/2014 - 19:49 | 5061982 youngman
youngman's picture

Putin is going to cause inflation in his new exporting countries as their supplies will dry up at the prices Putin will be paying...sure they can sell to Russia at a higher price than the locals can pay....jus sayin

Fri, 08/08/2014 - 00:58 | 5063579 conscious being
conscious being's picture

Not if they have a surplus.

Thu, 08/07/2014 - 19:52 | 5061993 WTFUD
WTFUD's picture

Govinda Jaya Jaya
Gopala Jaya Jaya
Rahda-Ramana Hari
Govinda Jaya Jaya

It's not too late for Barry to get down on his knees and apologize but as i've said before, humble pie ain't in his make-up.

Thu, 08/07/2014 - 20:13 | 5062136 malalingua
malalingua's picture

"Russia plans to substitute banned goods with domestical products, supplies from Latin America, China, North Africa, Israel, Turkey, former Soviet allies, Agriculture Minister Nikolai Fedorov tells reporters in Moscow."

 

Israel? Isn't the world boycotting Israel? Strange.

Thu, 08/07/2014 - 20:21 | 5062173 Der Kaufmann
Der Kaufmann's picture

Russia made a very good decision. It won't hurt the consumers much, because the pace of food imports from banned countries aren't very high and subsidiaries are given.

Thu, 08/07/2014 - 21:40 | 5062632 Aussiekiwi
Aussiekiwi's picture

Sanctions are destroying 50 years of progress between the east and the west and will ultimately destroy the US dollar, unfortunately this will be Obamas legacy, isolation and divisiveness world wide between nations.

Thu, 08/07/2014 - 21:47 | 5062675 gdpetti
gdpetti's picture

Anyone who's read Prof Sutton's stuff will recognize how this SG or secret society game is played... setting up the next game as the current one is ending... working both sides of the coin etc. Remember that Putin is still working with his own oligarchs, those that found supporting Russia a better investment than going along with the Western game back under Yelstin. Sooner or later, Putin will have to clean out Ukraine, but why be in a hurry to stick your hand up that beehive of foreign intrigue, and pain is the best medicine for most of us to learn by.... as that poet Aeschylus once wrote: “Even in our sleep, pain which cannot forget falls drop by drop upon the heart, until, in our own despair, against our will, comes wisdom through the awful grace of God.”

Let the wisdom come... as little Oliver put it: 'More please'.

Or the infamous George Jr. : 'Bring It On'.

Purgatory, otherwise known as paradise for fools.... or psychopaths.

Thu, 08/07/2014 - 22:25 | 5062916 NoWayJose
NoWayJose's picture

This can work for one year without serious food shortages, as there are adequate supplies of canned and dry goods that can be shifted around globally. The initial pain is fresh fruit and veggies - the EU and other suppliers cannot sit on these so they will need to dump those products to the canneries. The Russian harvest is getting ready so the pain won't be substantial for them until late fall. After that it will depend on how good Russian logistics are.

Thu, 08/07/2014 - 22:29 | 5062941 FrenchRevolutionary
FrenchRevolutionary's picture

Good job, BRICs.

Thu, 08/07/2014 - 23:53 | 5063346 sandhillexit
sandhillexit's picture

Italy will have to cut its own deal.  Greece too.  This is too much for them. We've been closing down whole national markets right and left.  Libya is non-functional.  Egypt a disaster.  Before cheap oil, when trade went by water...this was all one economy, through the Bosporus, across the Black Sea and up the rivers.  One religion too.  

Also, I am amazed that the Austrian banks are still open.  Their only real business is financing the reselling of American tech goods into Russia - via Poles,  Czechs and the Ukrainians.  Put a fork in it. 

Fri, 08/08/2014 - 02:06 | 5063700 laomei
laomei's picture

Russia is absolutely massive and by today's standards practically underpopulated.. they are not going to be hurting for food anytime soon.

Fri, 08/08/2014 - 03:14 | 5063800 king leon
king leon's picture

This is a great opportunity for BRICS countries to secure permanent trade deals within BRICS, the possibilities are endless. You could have scenario where Russia will buy produce from South American countries, but make payment with Oil from Iran. I think EU countries may be in a cold sweat wondering whether they will get their markets back.

Fri, 08/08/2014 - 04:01 | 5063835 hedgiex
hedgiex's picture

The proxies for Global Economic Warfare get bigger now it is going to Europe peripherals. When they drop , it shall rip the center so it is Germany's call to be tilting towards Russia or US.

Europe has options

Fri, 08/08/2014 - 04:40 | 5063872 onmail
onmail's picture

Long live BRICS
Let us trade in goods & services directly

Down with the gayworld of USA+West+Aus the Sodom & Gomorrah

Fri, 08/08/2014 - 13:23 | 5066079 Overflow-admin
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Switzerland: "That's OK we'll gladly make a profit here and here..." "Not taking any side!!!"

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