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The Chart Obama Does Not Want Merkel To See
The weekend's headlines reeled from the collapse in global manufacturing PMIs and with them the last best hope for the world's economies to reach escape velocity all on their own. However, there was one nation that did not plunge... there was one country whose growth (based on the soft survey data) is at 10-month highs. Perhaps this is the chart that President 'we need moar sanctions and costs' Obama does not want Angela 'umm, wait a minute' Merkel to see...
Since sanctions began the plunge in Euro-Area PMIs has been commensurate with the rise in Russia's (oh and according to survey-data, US is as good as it has ever been)...
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Seems pretty clear who is paying the price and suffering the costs of Western sanctions...
When does Europe draw its own red line around Obama's sanctions?
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Just WHO is propping up the UKRAINIAN CURRENCY? (It is called the Hryvnia; pronounced "greev-na" and is also referred to as UAH).
Back in November 2013 the exchange rate (at the regular exchanges located all over Odessa) was about 1 USD = 7.9 UAH. Since the February 2015 Kiev coup, its value has been steadily decreasing. Several FX web sites state the UAH fell from 1 USD = 11.4170 UAH on July 20, 2014 to 1 USD = 13.5461 UAH on August 27 2014.
Since then these FX sites have shown steady increases in the value of the UAH to today's (September 2, 2014) range of 1 USD = 12.8413 to 13.1810. The exchange rates at "official exchange sites" I visited today are about 1 USD = 13.30 UAH, so the figures cited on the 6 web sites I cited usually OVER-ESTIMATE the "street value" of the UAH within Ukraine.
My question is: Given the near-total financial collapse of the Ukraine economy, the war in eastern Ukraine, the fact that the Kiev government has been buying up UAH with the few USDs it has left, and that the Kiev government has imposed on BANKS "currency exchange" limits (from UAH to USD) and "withdrawal limits" on USD-based bank accounts, just HOW IN HELL in the UAH increasing in value?
Is the Federal Reserve (through some third party) once again engaging in "currency swaps", buying up UAH with US dollars? The Federal Reserve engaged in such "currency swaps" from 2008 through the present, both with many foreign nations, central banks and private companies. And as Bernard Bernanke stated in testimony before Congress, these "currency swaps" are OFF-THE-BOOKS, since supposedly currencies equal in value are being exchanged.
Just curious if anyone with more knowledge about this than I has investigated this phenomenon.
John-Henry Hill, M.D.
retired physician
"...the Kiev government has imposed on BANKS "currency exchange" limits (from UAH to USD) and "withdrawal limits" on USD-based bank accounts,"
Holy Hell(!)
I thought it was only members of the Eurozone who suffered such things.
Doubtless someone has sent a copy of this chart to Mutti ...with lots of love.
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Europe is America's bitch. If having thousands of US troops on your soil was not proof enough, then being forced to eat the cost of containing Russia should make it clear.
check in their weapons
when they enter Brussels..
(kinda like Mel Gibson
entering Bartertown)
Gee BP got SCOTUS to delay deep Horizon and signed 20b gas deal exporting from Freeport TX and BP controlling ARCO reserves in Alaska.. Where can we sign up for BRICS as these wingnuts shoot a mulligan on Brenton Woods. Is it too late for decency or are we Weinmar.. Hope like heck that those wars that bankrupted us are Weimar republic war reparations. Gold and Silver down big today.. BBC (number two state propaganda tyrant) confident Lagarde can continue..
FREE ScotlandAnd if this is true? So what? Who pays the price if Russia invades Europe? They do, so let them foot the damn bill. We should pull out of Europe completely, as well as the rest of the so called "free world".
The entire world would be thankful if that happened. We could get on with life.
Of course Russia and U.S manufacturing is up! Someone has to make all the tanks, drones, bombs etc.
when this cluster fuck turns to real war, the EU will break apart - it always does. Italy will be the bitch of which ever side 1st marches a soldier onto their soil. Greece will side with the biggest bidder for their ports, Germany will end up on the side that comes 2nd but prosper because of it. The french will turn in against itself. England will get bombed to point of defeat but soldier on with the help of new King, and some dipshit will try to invade Russia in the winter. While the swiss will provide safe havens for the worlds art/money.
BRAVO, you summed up about 300 years of European history in maybe 100 words, really well done.
(p.s. I am European by birth.)
You forgot---Zigi Brzhinski will claim Poland won the war with their cavalry on horse back for Greater Poland.
How much more explicit can you be than: "Fuck the E.U."? No speaky the English, suckers?
The American economy is doing so fucking well they just increased the price for the document you have to complete to renounce your citizenship from $450.00 to $2,350.00 smackaroos!!!...
As Peter Schiff says with no hesitation and rightfully so -if you have a plan to "get out of Country" better do it now while you still can afford it!
http://xrepublic.tv/node/10254
The Dems want only the rich to leave the country...they're counting on the welfare cases top keep voting.