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When (Ukraine) Intervention Fails
The Central Bank of Ukraine has intervened 3 times this week... demanding the market listen to it that the Hryvnia is under-valued. However, with UAH reaching record lows over 13.5 this morning, it appears they are going to need more USDs to sell...
Just keep repeating...
- HRYVNIA FELL ON PANIC; NO GROUNDS FOR RATE OF 13/$: GONTAREVA
- UKRAINE TARGETING `BALANCED' RATE OF 11.5-11.9/$: GONTAREVA
- UKRAINE CENTRAL BANK INTERVENED 3 TIMES IN LAST WK: GONTAREVA.
- CENTRAL BANK'S MAIN TASK IS TO STABILIZE HRYVNIA: GONTAREVA
So if they had no USD before, now they have even less...
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they are correct...... if they start developing their fraking resources.......
WHat is causing the "Bump" in gold??
Teeny-chart-itis. If you're using Kitco Live gold, the last three days are all contained in a $16 range. So the usual small dollar moves *look* big.... It's a theory.
On the plus side... things are looking up for the dollar!
So chaos in Ukraine, fomented by US, results in collapse of host hryvnia currency, results in fire sale of Ukraine assets in order to raise forex.
Cui bono?
Too bad the moneychanger took all their gold.
Karma's a bitch.
Bwahahahahahahaha
Soros has never been happier....
"So chaos in Ukraine, fomented by US, results in collapse of host hryvnia currency, results in fire sale of Ukraine assets in order to raise forex. Cui bono?"
The Jews benefit. They own the media and politics in Ukraine. Even Nuland and Kerry are Heebs. So were the interim bunch (one was a Christian Zionist actually), the Presidential candidates, the President who resigned and the regional governors who were appointed to raise havoc in the east. Jews are going all out in Ukraine. If this blows up in their face there will be a reckoning.
Hope springs eternal
Well the Ukrianian people know who did this. Until they go after the oligarch dual citzien elites then they will just suffer. The same thing is happening with the USA,
MH17 was a false flag. Shot down by Ukrainians. The Russian relief coonvoy is a desigined intimidation
No one cares that the world is burning..algo are all in the hamptons.
Are you serious people, drop the obsessive bullshit with the Ukraine and start to focus on what will be the foreshadowing of the "fall of America", the shit going on in St Louis!!
As usual no coverage on CNBC and barely an article here yesterday, local media is covering the shit out of it and if you have family or friends near there, most are describing it as a "war zone" that is getting worse, NOT better!!
The rioters are screaming they are "owed something", but no one knows what exactly!! This one is going to be hard to sweep under the rug the longer it goes and bigger it gets!
It will stop when they suspend EBT payments and all the Nike's are looted.
St. Louis is isolated, thus easily encircled.
Had your warning to get out, now let it burn out.
Amazing
Americans truly are delusional on a scale not seen before in human history!! So no one sees anything systemic or at all unsettling by this??
I guess until your fucking community you live in is affected by it, people really don't grasp the undercurrents of this shit!!
Like seeing 40-50 million uneducated, unemployed, underemployed, mildly armed men between the ages of 17-45 completely unconnected and psychologically void of any context of the Country they live in or the principles that held us together the 250 years, as dangerous!
My bad, get your ass back to the NFL Network or MLB Network or NBATV or NHL Network and carry on, nothing to worry about, that some more EBT payments can't fix obviously!
Woah Tiger! I'm with you. It's a friggin' mess. Generations of lost souls raised on entitlement and killing each other for tennis shoes. You need to get the flip out of that "community" and maybe the country. Switzerland? I'm right behind you. U.S.A. is toast, sold out.
If you watch TV and Hollywood's shit then you are part of the problem. Your viewership helps support your serfdom. Get a clue.
Why is it that every chart I see these days looks like a hockey stick?
You've been hanging out with alarmists? Here, have some koolaid, and let's talk pre-season football.
Bet you're also a Kardashian fan
Many people will need to sell dollars and extinguish dollar-denominated debt shortly. Fuck, tell us something we don't know.
Perhaps they shouldn't have let the western banksters steal all their gold in the middle of the night. Might that have helped stabilize their currency? lol
Ok NWO the writings on the wall and the wall is crumbling. Time to bail on the world dominance idea before all you fuckers go broke.
There needs to be brave hunters to slay the beast with 7 heads and 10 horns... but it is a monster that spans 7 continents and has 10 very large and not very obviously connected organizations protecting it.
Maybe all that needs to happen is for the little horn to be yanked out and buried.
Got SDR's ?
Maybe Obama can fly in $20 billion in shrink-wrapped dollars on pallets as has been done in the past. Blackwater is there again to ensure that the cash stays safe:
In 2004, the Bush administration flew twenty billion dollars of shrink-wrapped cash into Iraq on pallets. Now the bulk of that money has disappeared. The funds flown into the war zone were made up of surplus from the UN’s oil-for-food program, as well as money from sales of Iraqi oil and seized Iraqi assets. Recent estimates had the amount of missing money at about $6.6 billion, butaccording to Al Jazeera, Iraqi Parliament Speaker Osama al-Nujaifi says the figure is closer to three times that amount.
http://www.rawstory.com/rs/2011/06/19/missing-iraq-money-may-be-as-much-...
Mercenaries aren't cheap.
The "Democracy" of Ukraine banned the Communist Party.
Ukranians sure to get a taste of EU "Democracy" (austerity & bail-in's, no representation).
In the words of Nelson Muntz: Haha
Yup, as ye sow so shall ye reap.
Looks like the financial wirlwind is coming and they still owe Russia $6billion or so for already delivered gas.
Good job all those USNATO people are giving all that gear free. They are aren't they? Maybe there is a 'tab' running.
Fire sale coming.
I wonder who is going to buy all those factories making 'for Russia only' products? Can we see a barter deal against that gas debt?
I an American who has lived permanently in Odessa, Ukraine since 2009, with numerous visits here before then.
Issue #1:
Back then the exchange rate was 5 UAH (pronounced "Greev-va") per 1 USD. By 2009 it was about 7.8 per USD. Since the Kiev coup of February 2014, the value of the UAH has steadily declined. Today the exchange rate on the streets is 13.1 UAH per USD -and it the UAH has been declining in value virtually every day for the past week.
Personally, it is no loss for my wife and me, since out bank account in Ukraine is based in U.S. dollars. Ukraine banks have a rather unique system: Accounts in different currencies within the SAME bank require separate bank accounts. By law, withdrawal from accounts denominated in U.S. dollars must be paid in U.S. dollars. There is NO mixing of currencies with any one bank account. If one withdraws funds as USD, Euro, Roubles, etc. one must then go to a fiffernt teller within that bank for the actual exchange from the foreign currency in the Ukrainian UAH. Indeed, the devaluation of the UAH has actually LOWERED our everyday costs in terms of USD.
However, for the past several months Kiev has placed "currency controls" on all banks in Ukraine. For example, maximum daily withdrawal limits on USD have renaged from $500 to $1200, with the current maximum of $1,000 USD per day. However, one must give the bank branch at least one's day advance notice, so they will have your withdrawal on hand. The last time I did a wire transfer, transfers of more than $20,000 USD from an American bank into a Ukraine bank resulted in a maximum of $17,000 USD into my "USD account"' I had to accept the rest as Ukrainian UAH. We now limits wire transfers to $5,000 USD and withdraw it as USD immediately thereafter.
A site I have never seen prior to 2014 occurs daily in Ukraine. Due to Odessa being a huge tourist destination, some locals are paid in U.S. dollars, Euros, etc. They are the lucky ones. For those paid in Ukrainian UAH there has been a rush to the banks every day to exchange UAH for just about ANY foreign currency, especially USD and Euros. HOWEVER, the banks have set two types of limits on currency conversions from UAH into foreign currencies: first, a maximum limit exists on the amount per PESON of USD that can be converted FROM UAH - varying from about $100-$200 per day per person. Second. each BANK BRANCH has a daily limit on the amount of USD it will hand out in echange for Ukrainian UAH. I have no idea what this limit is, but once the limit in USD for that bank branch is reached, no more exchanges of UAH for USD occur. Those who had been waiying in the long lines must simply come back another day.
This situation has been "Hell" for the ordinary Ukrainian citizen, as he waatches his real purchasing power decrease with each passing day - and as prices continue to rise.
Issue #2:
Russia (that is, Gazprom) has officially halted all transfers of Russian natural gas to Ukraine. HOWEVER, since most of the pipelines to the rest of Europe travel through Ukraine, it is easy enough for the Kiev government to siphon off whatever amounts it wishes. And yes, the amount owed now well exceeds $4.5 billion USD. The current cost to Ukraine is about $1.2 billion USD when the gas is actually flowing.
Britain doesn't much care, as it has the northern pipeline running directly from Russia to Britain.
The Southstream pipeline currently under construction will by-pass Ukraine completely. Its route from Russia, across the Black Sea, then into Bulgaria, then Serbia, along with additional pipelines extending into Hungary, Baumgartenin Austria - right on the border with Slovakia, Bosnia-Herzegovina, Croatia, Slovenia and even into Tarvisio in Italy will supply all of these nations with an uninterrupted supply of natural gas.
THAT is why the Kiev government, the EU Commission and the U.S. government have "persuaded" Bulgaria to suspend construction of the Southstream pipeline in Bulgaria. Obviously, completion of this pipeline would remove Kiev's ability to "blackmail" the western European countries via theats of cutting off their natural gas supplies. Further, since these nations now PAY the Kiev government a "transit fee" on all gas flowing through Ukraine, the cost of gas via the Southstream pipeline to these nations would decrease. And Kiev would lose billions of U.S. dollars each year in such "transit fees".
Should the U.S. government succeed in stopping the Southstream pipeline AND in controlling the gas pipelines within Ukraine (via political means or actual ownership by "privatization", as mandated by the IMF re: its recent $17 billion loan to Kiev), the U.S. would not only significantly hurt the Russian economy, but gain control of all the economies of western Europe!
The old adage, "Never discount your enemy." applies here. The U.S. policy in Ukraine has been criticized as "haphazrd" and/or totally INSANE, but it is succeeds the U.S. government and international bankers will have looted Ukraine's most valuable assets, significantly degraded Russia's economic influence AND gained significant political and economic advantage over all of the western European nations. NOT so dumb after all !!!
Of course Russia is totally clueless regarding this and will do nothing to prevent it.
?????? ?.
1. ???. grivna (unit of currency in medieval Russia)
2. ???. ten-copeck coin