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Russia Ruble Plunges To New Record Low After OPEC Decision
Spot the difference...
Tick for tick lower with crude... at WTI tests as low as $67.75
The last time we were here, chatter of intervention saved the Ruble but since then the central bank has suggested it would let the currency float freer...
and seriously devaluaing since the peak in oil...
Or as Shinzo Abe would call it - Success!!
Charts: Bloomberg
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Putin should have bought lot more gold while he had the chance. The Japanese should watch and learn as the Yen falls to 130 per dollar.
The economic war against the mass-murderer Putin is heating up while the Nobel Prize Winner continues his relentless bombings - the military war is not far behind.
Are these currencies falling or is the USD rising?
Gold will be falling along with oil.
'15/16 WWIII
The Winter Offensive.
Nucular winter?
Nuclear Winter, Nuclear spring, Nuclear Summer.....nuclear nuclear nuclear!!!!!
"Government and Central Bank officials are likely to be watching closely for any sign of spiking demand for foreign currency on the streets
“Household panics can emerge in any country and at any moment: You cannot predict them or prevent them,” Aleksashenko said.
Any mass move by Russians to convert rubles into dollars would exacerbate pressure on the currency, analysts told The Moscow Times"
Amazing isn't it?...that an attack on a foreign currency (by us) can cause revulsion against that currency amongst the country's own citizenry?
Has Vlad been on the telly laying it all out for the average Boris? If not, he should be. VP has been strangely, relatively, passive in the face of all-out economic attack (which is what I believe it is)
11/28
crude -10.45%
gold -2.65%
Pulled down by, not falling along with.
which hedge fund blows up first ?
Anybody but me notice this shit's all happening on a US national holiday with family, food and 3 football games? Enough to distract anybody but the most aware folks?
Now, I certainly understand that many of you are thinking WTF is Knuks talking about? OPEC makes an announcement on a US holiday and it's a Conspiracy of some sort?
Well, no, because it's not a conspiracy. It's a fact it happened. And the Saudis are in bed with Uncle to overthrow Assad and screw Putin. So why not have massive global currency wars engaged when the people are asleep and thus shall not ponder the unintended consequences thereof?
Am I the only fucking person who wonders WTH the Saudi's are pumping like crazy and driving down their own marginal revenue per barrel sold, which makes no fucking sense?
OK, I give.
I'm crazy.
Mom told me not to yank and rub so much.
Just bathouse barry and company workin the plan. They can get a lot of folks with this one: the ruskkies, ie putin, the shale people in the midwest(how dare they bolster free markets and US oil independence?!), the syrians, etc.
I just wonder what leverage they used to get the saudis to do what they're doing?
It's all about European natural gas dependency on Russia. There's no way to yank the rug from Putin (in time) without destroying the Russians' near gas monopoly with Europe, especially as the weather gets colder.
But if Zionist controlled cheap middle east gas can cut the Russians off at the allegorical (Syrian) pass, maybe the Rothschild banking empire can come out of this with a profit.
The Empire needs control of the Russian banks.
This is interesting. Looks like there is full scale assault underway on the mystigue of Putin. And like any pump and dump bubble by The Usual Suspects it involves
inflation:
http://www.telegraph.co.uk/news/worldnews/vladimir-putin/11257362/Seven-...
and deflation:
http://www.theguardian.com/world/2014/nov/27/russia-putins-banker-sergei...
“Vladimir Putin does not understand economics. He does not like it. It is dry. It’s boring to hear these reports, to read them. He likes clear things: Russia’s moving ahead; how great everything is. He does not have a deep understanding of what is happening,” Pugachev told Time. “Putin’s close circle understands he likes good news, so they always bring him good news. Whatever is happening, it’s good. For him, it’s enough to be in a good mood.”
“He’d always have well-sharpened pencils, a clean sheet of paper and a newspaper,” Pugachev remembered. “There were no documents, nothing. I had been in politics about 10 years and seen everyone. They’d have tons of documents. They’d always be doing something. But with him it was just quiet, no one there, no meetings, everything quiet. He’d sit there, or watch TV. He really likes watching TV.”
Expect a push on the latter in the next few weeks to confirm it is in fact a PsyOp
So if I am reading you correctly, what you are saying is that Putin is playing chess while the West is playing Cheka?
In a way yes. Communism, as a tool for theft and slavery by the feudal NWO survived by stealth in its parental home (the West). The Cheka does indeed still exist but now exclusively have City of London tailors...
If the insults of Putin's intelligence don't stick one could expect TPTB to then publicly commit him to an asylum by slander (another Commie fav) by then next subtley questioning his mental stability.
Good luck with that. Nothing has stuck so far. The WestComs have zero cred.
Deeds speak and Putin is clearly not playing checkers. He is playing outside the system by his own rules and with the firepower and resources to do as he pleases AND protect his citizens. And that's what drives the crazies pursuing him even crazier.
Those articles were a great find. I can't read those outlets anymore, too much bullshit. It's a good indication of where this is going. It will not stop. For western press Putin = Stalin + Hitler. BOOGEYMAN! WOOGA WOOGA! RUN FOR YOUR LIVES.
fascinating
Do I need to put a sarc tag on mass-murderer Putin every time? After all, that is what the Western media have been instructed to call him by their masters:
Today, on the other hand, the CIA is directing an incendiary propaganda campaign against Russia and its president, Vladimir Putin, a campaign that seems intent on provoking a direct military confrontation with the country with the second largest nuclear arsenal in the world. There is no question that the CIA is mobilizing all the resources and assets it commands—within governments, the media, and among academics—in a carefully orchestrated campaign aimed at polluting public opinion with anti-Russian hysteria.
Since the beginning of the week, the three most influential mass circulation newsmagazines of the United States, Britain, and Germany—Time, The Economist, and Der Spiegel—have published cover stories that combine wild accusations against Vladimir Putin with demands for a showdown with Russia.
The most striking and obvious characteristic of these cover stories is that they are virtually identical. The CIA has scripted them all. The stories employ the same insults and the same fabrications. They denounce Putin’s “web of lies.” The Russian president is portrayed as a “depraved” mass murderer
http://www.wsws.org/en/articles/2014/07/30/pers-j30.html
‘Global media control allows US to sell black for white’: PutinHi JustObserving. Actually, a /sarc tag would have been helpful. I'm so overloaded with the hypocritical "Russia the aggressor" meme these days that I'm losing it. I'm glad you posted again to clarify!
Fucking MSM is rotting my mind.
Sorry I junked you up there JustObserving, too much wine...
If I were Putin, I'd announce a direct sale of nuclear weapons to Iran and Syria. I'd give the west 30 days to drop sactions and stop this nonsense or the sale would go through.
If they further ramp up tensions I might even sell weapons to Palestinians and Isis. Anyone willing to use them against Saudi.
Better just state what you have to say without vague sarcasms
and this next not addressed to you
but comes to mind...
that many here are not the masters of humors they think themselves
it is a lot to wade thru
my opinion
Sorrie, but I pragmatic and this is serious times in real.
I have a feeling that many here have Russian for a first language and so the nuances of sarcasm in English go over their heads.
It's difficult to catch that kinda stuff when it's not your native tongue.
It's difficult to catch when the author is a fuckwit hasabara troll.
Greetings comrade.
Shalom!
Insightful Q&A with a Moscow insider on economic issues:
http://vineyardsaker.blogspot.com/2014/11/mikhail-khazin-q-with-saker-co...
Putin should have set up cross-boarder agreements to trade oil bypassing the USD. If he would have done that, then the pain Russia is currently experiencing would have instead been a facade to stand behind and watch Shale & big US oil tumble.
...but but but but wait a minute! Putin knows what he's doing, right? Because he's got gold, right? Dream on suckers... (yeah gimme the red kudos again!)
I love paid trolls like Bokkenrijder. Your names make you so easy to spot. Like Amerikanpatriot, you to make it a little too obvious so everyone can get which side you're on. WHy is that? Perhaps catering to the poorest, most medicated readers?
Peg that thing to Gold Vlad.
Force us shitheads to start the war -- with Russia -- in the dead of winter.
shame the ruble got slaughtered and gold went down as well
Soo, how much is Brent in Ruble now?
If its a race to the bottom for currencies, then putin is winning!
Falling ruble = falling costs for Russian oil producers.
The falling price in oil is therefore mostly compensated for the Russians.
keep smoking it. putin is burning
If you don't understand the effect of currency rates you should not post.
And you should go re-learn how the same oil price war turned out for USSR in the 1980's.
... and 1998
http://www.themoscowtimes.com/business/article/specter-of-98-default-stalks-russia-s-record-ruble-falls/509680.html
balance.sheet.leverage.
Default is GOOD ! It means you'll never pay back debt, especially to banks (and governments) who wage financial war against you. That's why nobody mentions it in the West. Incidentally, this would be the ONLY way to relaunch the mouribound Western economy choking under the burden of unpayable debt. Guess who's losing in such a scenario... and you'll see why nobody dares to mention the "D" word.
How'd that work out for Argentina?
Fantastic actually; same for Iceland and many others.
You really should have taken the red pill.
Kirchner-itis.
New Russia is not USSR.
Maybe you should take a look at Russia's economic data and how the sanctions "impact" it's economy?
We are all going to burn if we remain on this course, and Putin has been saying this all along.
Some neocon geniuses seem to think otherwise.
When the whole shit pile collapses, one thing can be certain, the dollar will no longer rule supreme.
We shall see.
"Some neocon geniuses seem to think otherwise."
What keeps me up at night is the thought that maybe they *don't* think otherwise.
The neo-con modus-operandi seems to be to move into a nation, sow chaos and then extract some kind of benefit while everything burns and everyone points fingers.
Iraq? Chaos
Libya? Chaos
Syria? Chaos
Egypt? teetering on chaos
Afghanistan? Chaos
Ukraine? Chaos
Now what do these places all have in common? Is incompetence really the only core value at work here?
What goes around eventually comes around. They may think the US is impervious.
This time is different as they say...
This could be one hell of a black swan.
I think that secretly, they think that Israel is impervious. A collapse of the Goyim US doesn't matter - useful idiots and all that.
I think its pretty clear they don't have the genuine interests of the US at heart...
Wow, you hit right to the heart.
God will protect the promised land and chosen people. That is the core of the belief system driving international politics.
THEY ALL HAD THEIR OWN INDEPENDANT CENTRAL BANKS?
The dollar will collapse as soon as we run out of zero's.
Thats actually funny.
i'm wiping my arse with your rubles.
Isn't Putin's face on that? Interesting fetish
rather that than suck his cock
A falling ruble is also a signal to invest in Ruble. Which currency haas the potential to bounce back when this is said and done?? A ruble with a strong backing of industrial and manufacturing sectors? Or a dollar with no manufacturing backed by service sector jobs and debt creation?
guess we'll find out.
If a falling ruble is a signal to invest, then Venezuela and Ukraine should be even better places to park your life savings. Cuba wants foreign investors, too.
Not life savings, speculative investment. But then again, I wouldn't want to park my life savings in the US or in dollars either.
Slightly off topic but the GOFO rate is falling as fast as the Ruble. New record low of -.34 for one month rate with all rates through 6 months now negative. Even 12 month rate is approaching negative terriotory. Is this some speculators gone wild or is someone very nervous about gold availability and the Swiss vote? Forget paying attention to retail gold sales and availability (on various sites), the real story is at the wholesale/institutional level.
Appears the Dutch may be on to something and ahead of the curve. Played it very sly and quiet and at least in the press, got a chuck of their gold back. Should be a very merry X-Mas for companies that specialize in valuable asset transportation, security, and delivery.
Check out Koos Jansen commentary and some vids about the Dutch repatriation:
Link
As you noted with the Dutch, this goes well beyond the Swiss vote. There have been several large repatriations, and when you do the math v. the open market, it's pretty clear that if the banks don't have the gold, there's going to be a crisis. I suspect someone is either trying to lock up supply right now, or someone is speculating that a delivery issue is imminent.
I know the tendency here is to point at the Fed being unable to deliver Germany's gold, but I think a lot more eyes should be on the BBs in London. Enforcement moves against them after decades of ignoring things, repatriations from their vaults and not from CB vaults... just screams to me they're being set up to be the fall guys and the government will use the enforcement actions for CYA.
I don't think you're that off topic, either. I strongly suspect oil and gold are somehow connected in the current goings on. It could be as simple as Vlad spending his surplus on AU but my guess is it's something more subtle and intriguing, like CBs being scared shitless the economy is about to collapse. (mild /sarc.)
... subtle and intriguing...
How about Elvira Nabiullina or Sergey Lavrov having a chat with their less fundamentalist ZioCon counterparts and casually sounding a lot like some ZH posters... that might scare a lot central banksters into actions that would otherwise take years of headlines from "respectable" media outlets.
All wars are Bankster Wars, because bankers are intimately involved in all wars at the highest levels, even though that involvement might take different forms than are often alleged.
Just speculation... but someone has been lighting fires under certain large and well connected asses.
How about Elvira Nabiullina or Sergey Lavrov having a chat with their less fundamentalist ZioCon counterparts and casually sounding a lot like some ZH posters
link?
Like I said - speculation. But in regards to the very fundamental question of Who? There most certainly is a Who, and it is not a talking head that people see or read every day, but this person(s) is echoing (in an external voice) the internal voices that are normally suppressed in pursuit of sanity and profit. It is someone(s) with gravitas and there own (or institutional) gravitational pull. That's why I don't think it can attributed to Sir Alan Greenshits, who has a damaged subprime brand and a reputation for whoring himself every time he writes another book. It could also literally be a Hu, letting something slip... too many possibilities in an interconnected world.
This is a fairly minor inconvenience for Russia. They just have to keep it together for another year or so to see the reptiles of Wall Street burn in their own shit. This is a fake theater, produced by fake “directors”, and financed by fake money. The exposure is coming fast…
Russia is a poor country on the brink, not THAT much different from Nigeria or Venezuela.
I also agree, $450 billion in treasuries is practically worthless.
also, russians have in recent decades experienced western levels of prosperity. They are a hardy people that have gone through much much worse in the past.
And most Russians live within their means...they are not loaded down with personal debt - nor is their government - nor are their corporations.
Not to mention the Russian heavy space industry and nuclear reactors. ALong with mining, oil, gas and mineral production. I have heard that Russian super heavy lift rockets are only surpassed by their Nigerian counter parts, however.
I tend to look at it differently. Poor with respect to paper currency, ok sure. But, realistically, you have to realize that this is all targeted at cornering putin and provoking him into action.
Actually Russia is quite different and MUCH better positioned to withstand these oil prices. People who say Russia produces just oil, gas, vodka and AK47 have no clue what they're talking about. If anything these oil prices will actually make them diversify their economy more. Of course there will be a period of major difficulty, but if they manage to overcome it they will get out of this even in a stronger position than before, if they make the smart moves that is.
Mexico is always a nation rich in all sources of resources from minerals to agriculture to oil. But the gov in Mexico is about the same as Russia; a thugocracy.
uselss talkings
better worry about your own country
Why would americans worry about their own country though? Its a shining beacon of hope and freedumb and demonoscapies. A land of milk and honey, with properity and wealth for every citizen around each corner. Truly a luminous example of moral purity, charity, rightous human ambition and generous beyond measure. There is no equal, Amon.
so are the western countries, only they don 't admit it.
....not THAT much different from Nigeria or Venezuela.
That is the sort of gross mis-perception that can lead to a shooting war.
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100026424/60...
a minor inconvenience for putin
Oh, yes, Browder, a very reliable source... I read the article, he's talking about "structural rot across the Brics universe" yet somehow forgets to mention the "structural rot across the Western universe".... but sure, you cannot talk about the "rot" that got you rich, can you?
Browder... house nigger bankster and paper-boy bitch for kleptocrats the likes of Saffra, Berezovsky or Khodorkovsky. I bet he's still sorry he didn't use more of the proceeds of his skim scams to buy influence and access with Putin's friends. He certainly spent enough cash buying USSA congress critters to back his Magnitsky sob story and spin.
The Telegraph now rigorously enforces the CIA propaganda line on even its previously independent correspondents like Evans-Pritchard.
Even "independent correspondents" have needs, especially those living in one of the most expensive cities in the world...
of course. and the kgb are whiter than driven snow.
LOL- Putin will show up in a year on Miami Beach, enjoying his "exile"- you dupes that think he gives a flip about you should all learn how to enjoy eating your potato soup with one fewer potato- Vlad ain't gonna take the hit on your accounts.
Putin doesn't look out for anyone's interests except Russia's.
And how did Putin get all his billions of dollars on his gov salary? Folks will see right through him. The oligrach in Russia all ready want a different government. The west is more then happy to help.
Any HARD EVIDENCE of Putin's accounts, to persuade us difficult characters?
Real with verifiable numbers?
Pictures with Putin and loathsome characters in a jolly and COMPROMISING WAY?
If NOT, you need better training from your Handlers.
The Russians know how important oil is to their economy. Some techno guys even made a video about it, main chorus "I love oil" ; in the early part of the song, when the girl is waving her legs on the couch, she is saying something like "as long as there is oil, I will be in Milan; as long as you see me in Milan, there is oil" or something like that. http://www.youtube.com/watch?v=EucLgHzuZaw
The Canadian ruble is in trouble as well. It hasn't been this low since 2009.
https://www.google.com/finance?q=CADUSD&ei=9l13VKmeN4W7rQG-mYDoDQ
On the brightside, my USDCAD short doesn't look nearly as bad as my AUDUSD long.
Russia could fix this in a heartbeat. Partially back the ruble w/gold and demand payment for oil & gas in either rubles or gold.
They would be screwed. They'd have a strong currency, but no one would be able to buy what little they produce like minerals, timber, etc as it would be sky high against other currencies.
All Russia has to do is to sink ONE tanker in the Straits of Hormuz and pin the blame on the "terrsts"... (remember those? they are all over the place and are why the Patriot act was passed - exquisite irony would be to blame it on the CIA/Mossad/GCHQ invention, ISIS) ...and oil is back up. But they won't, at least not right away, because they can also benefit from cheap oil wiping out the shale oil industry... oil in the ground is still there and they will still be able to sell enough to squeak by.
The secret with oil is that its not so much lower, or higher prices that do you in, but at the macro level, the huge, fast swings one way or another that have unseen side-effects that do the damage as companies/governments are put off balance and are caught unprepared.
This all looks like a bunch of guys in a pool seeing who can hold their breath the longest.
Hint - the Russians are pretty good at holding their breath, since they had to from 1917 to 1991 or so...
Indeed. ISIS may have a submarine... you know, they must have stole IT from Iraq, too. Boy, the damage those ISIS characters can do with that thing...
This really is not going to end well. We are at the ultimate climax.
Don't worry ... I bet the OLD RUSSIAN COMMUNIST ideas will once again be popular as this experiment with the west is failing... therefore they will turn on the people like they alway do
OPPRESS the people for the greater good ! and return to RED Nationalism
But don't worry the russian people are tough, and they will endure again and again the ass raping the communists will give them ... but it doesn't hurt tough guys
just bend over citizens of russia, and spread your cheeks, for the RED BEAR will ride you once again !
I have beeg Russian missile for you.
then launch it you impotent COWARD ! thats what i thought, Flaccid
People in all countries need to rise up and take the evil leaders out of office ... do we need another one of Stalin's great purges or will people learn from history !
we are all being herded into another FAKE WAR for nothing
Stalin was not Russian - he was Georgian. You know little of history.
Makes no difference to me, they are the same !
Better check out where most of "Reds" relocated and took over.
dumb post
You're an idiot. Firstly, there never was a Russian communist ideal - communism was a Jewish thing. The Russians finally overcame them. Not much chance they will come back.
Communism was a jewish thing (just as capitalism was a jewish thing and Adam Smith was of course a Jew!)
hahahaha; now that is cute.
If reality does not fit the fiction, just print the legend.
Rothschild was a capitalist. Rothschild was not a communist. Unless Trotsky slept with him between two escapades figthing the Whites.
As for Stalin his nuts were pure Caucasian full of Georgian juice. Unless you find a Khazar connection going back to Methuselah !
There are more jewish capitalists who made the USA than those who made Russia commie (think Ayn Rand, Friedman, Greenspan etc). But then they were talented on both sides of the chess board.
Bobby Fischer and Michail Tal !
And I'm not a jew nor a chess master.
oligarchical crony capitalism is not 'capitalism' - and what Trostsky and the rest of the early Bolsheviks - who were in fact largely Jewish - espoused wasn't 'communism' either.
They wanted a tiny elite - mostly Jewish - ruling over a dispossessed and shackled majority.
Their hatred of the Russian people should be obvious.
The Bolshevik plan was for a "Dictatorship of the Proletariat" - the idea was that the ignorant peasants of Russia would be better off ruled by the intelligentsia who would run a socialist system, while the intelligensia lived large as the power elite. The idea was sold to the Russian population as a "socialist paradise" in which they would be freed from the oppression practised on them by the Czarist elite and the big landowners. The poor Russian population were trading one set of oppressors for a new set - they remained the slave labor for the system, but were fed a new story about how much better off they were. As it happens, the Godfathers of the system, Lenin, Trostsky, etc, were Jewish, as were the bankers and business elite of Russia. However, it may be a bit over the top to say that the Bolsheviks held "hatred" for the Russian people. I think it is more accurate to say that the Bolsheviks had little regard for the intelligence or for the human worth or potential of the Russian population except as laborers. After Stalin (a Georgian) fought his way to the top of the pyramid, the abuses of which the system was possible became more prominent, with famines caused in collectivization and purges of those suspected of disloyalty, and the Gulag. Stalin took control after Lenin died, and Trotsky fled to Mexico, where Stalin hunted him down and had him assassinated.
While Stalin was a monster, and his failure to prepare for the German invasion in WW2 led to unnecessary losses, the Soviet system under Stalin managed to rally itself and to play a major part in the defeat of the German forces. The Soviet system did not capitalize (pun intended?) on the advantages it carried over from WW2 - great industrialization and new territories with their populations and resources put under Soviet control in eastern Europe - and gradually withered away under mismanagement until the collapse of the USSR in 1989-1991. The cost of their military-industrial complex, the immense cost of the Cherhobyl cleanup, and the crash in the price of oil all contributed.
One prominent feature of the Soviet system was the abundant supply of cheap vodka - the Soviet soma for the masses.
your a MORON to blame everything on Jews... little people in the desert with curly beard... Hahahahahaha
Russians love communism ... its involves suffering to a level of stupidity that normal people cannot tolerate !
My prediction... russia will get in a stalemate with world... coldwar !! then the RED SNAKES will crawl back into office and russians will suffer again.
you sound like your georgian ? like Borat ?
Spot the difference......
https://answers.yahoo.com/question/index;_ylt=AwrTcd13W3dUuiwA7OMPxQt.?q...
Collapse of Soviet Union......started in 1985
Nice link.
More proof that it is always about money and power, even in the so-called communist Soviet Union.
An American, not US subject.
Yes, that's a good point, yet I do see major differences today, especially in regard to points 1 and 2. Besides that the geopolitical and economic landscape today is quite different from what it was back in 1985.
It's a commonly repeated myth that Saudis had anything to do with it. It maybe was due to falling oil prices, but low oil prices were due to Alaska's North Slope and Europe's North Sea oil fields reaching their maturity and high output, not because Saudis pumped like there is no tomorow.
The posh kids always win.
Going to be hilarious when Russia announces that henceforth all oil and gas purchases must be made in Rubles, Renminbi or gold.
An American, not US subject.
"It's all fun and games until someone's currency gets taken out."
>>Going to be hilarious when Russia announces that henceforth all oil and gas purchases must be made in Rubles, Renminbi or gold.
Good luck to them. Locking yourself out of the US and EU markets is a good plan. Especially because Russia has so many industries outside of oil - Not!
But that is the point. This is encouraging Russia to invest in new industries. Yes, they have relied on oil and gas and got too comfortable with that, so your point is well taken. But sanctions and a devalued rouble will change all that.
Russia has the BRICS and Asian markets to supply. Why sell to the west that insists on paying with Monopoly money. You miss the point our money has no real value. That is what Russia is declaring.
The BRIC's will collpase and western corperations will buy their industries up for pennies on the dollar, save China. Got news for you, China and the USA are not enemies. They are #1 trading partners. Get ready for big oil companies to buy up all the smaller ones in the US for pennies on the dollar. Dollar, Inc. always wins.
1. I read yesterday that Russia continues to sell oil, gas, and uranium for Dollars, but immediately converts those Dollars for Gold. Russia has been increasing its Gold holdings like crazy.
2. The central banks in Japan, Canada, and the EU have been trying to reduce the exchange rates of their currencies to gain trade competitiveness. Is Russia being handed a competitive advantage when the Ruble is driven down? Woudn't that be ironic.
Russia is paid for it oil in non-ruble currencies, so, the fall of ruble means what to their oil revenues? Once currency conversion takes place the spread is factored in and revenues remain, in ruble terms, the same. It is falling oil that hurts not weak ruble. Weak ruble, so all nations are seeking devaluation, so why is this so bad for Russia? Domestic production potential is massive, Russia is the most underdeveloped industrial power on earth. They have capacity to take over domestic production to replace costly imports, jobs soar! Sure, their is pain for people used to foreign products at reasonable prices, but when jobs flourish in the rush to produce by Russian business, well maybe things look different.
Russia exports mostly ores, timber, metals, gas and oil. A falling ruble does nothing to hurt that income, in fact, it makes it more valuable in ruble terms, and makes it easier to undercut other producers.
If Japan is desperate to devalue the Yen, and many others follow this too, what's so god awful bad for Russia. Where I a businessman inside Russia, I would be looking into new factories and all, to replace high priced foreign imports.
My take? Russia will suffer short term pain, for massive domestic gain! Cheap imports have kept Russian consumer production in the dumps, time to change that.
>>Where I a businessman inside Russia
Stop right there. You are projecting a Western mindset on a non-Western economy. Yeah, I know they are running around with iPhones and wearing Gucci, but doing business over there is not what you think.
Russian business (read Govt) is more focused on preserving power and status quo. You don't just set up a new factory becuase you think it will generate profites....you are not a publically traded company. Think about why their banking is so backwards....why there is no FedEx analogue over there....
Russia is a thugocracy. It is near impossible to do buiness there. Go read about Ikea and why they gave up after 10 years.
"They have capacity to take over domestic production to replace costly imports, jobs soar!"
And don't forget their alliance with the producer of most things sold in the DC US, China. As the west and DC US further decline, China could sell the excess production to Russians.
The Russians may not struggle so much to have the "good life" after all.
An American, not US subject.
Indeed. Before sanctions and the devaluation of the rouble, Putin was having trouble encouraging the country to diversify its productive capacity. The European market provided goods at a competitive price, so domestic competition was discouraged. That has all changed now, and Russia is on the move. I'm sure Putin hopes sanctions and the devalued rouble will continue for some time.
The Chinese will be there to assist in much needed infrastructure build outs. They will simply close out the west and develop new trade elsewhere.
Yes, they will really give you a hand up. When they "helped" Iran, they were buying oil for $45 to $65 a barrel when it was at $100. Don't think Russia will do any better. The US and China are connected at the hip since 1971. Don't forget, the Chinese Gov / central bank own 12% of the FED banking system. Russia owns 0%
The Chinese leadership are not dual-passport holders hence they will always be an enemy to the ziocons. In the meantime, the West has shot itself in the foot and taught the Chinese how to build just about everything. That was a bit short sighted of them, meethinks.
Only a fool would believe that the West can call the shots in China. A best, they have a partial alliance until such point that it ceases to be in China's interest. Guess where we are now...
As for paper, it is only that. Any practical businessman knows that wealth isn't the same as profits. The Chinese will try to turn as much paper into real assets as they can, and write off the rest (or perhaps take over Hawaii as compensation).
http://www.tradingeconomics.com/russia/exports
Oh oh
Economic warfare against Russia by the U.S and its puppets. Exactly what we did to Japan before WWII. The House of Saud, the U.S. cabin boy, is doing our bidding in exchange for protection.
Yes, by flushing the whole world in the toilet .... that'll teach them !
The insane elite reptiles are out to break Russia and draw them into a war.
All they managed to break is the shale oil "miracle" for now...
Russians have gotten used to food to eat, western luxuries, and the like. Take that all away and they might be pretty unhappy. About 200 oligarchs run Russia, not Putin.
Wrong...
There's more to it than meets the eye....
http://newworldorderg20.wordpress.com/2014/11/04/western-sanctions-no-affect-on-russian-banking-international-business-revenues-still-going-up/
http://newworldorderg20.wordpress.com/2014/11/12/russias-sberbank-signs-cooperation-deal-with-italys-mediobanca/
http://newworldorderg20.wordpress.com/2014/11/13/russia-jumps-30-positions-in-world-banks-2014-doing-business-ranking-28-spots-higher-than-china/
http://newworldorderg20.wordpress.com/2014/11/19/russia-industrial-output-expands-nov-192014-surprised-chicken-little/
We need to crash oil prices so the ruble becomes worthless and Russia's economy is destroyed.
We need to print money so the dollar becomes worthless and America's economy grows.
The Unemployed/Underemployed need to kick the US Government to the curb....Imagine using Tax Payers money to take over everthing of value. those in positions of trust having profited from this abuse of power requires the main population to stand up to the Bankers that enriched the .01% to the point they really are Slave Masters and the Greater Population of the USA is Dumbed down with all the control given up. Until the real fight happens Spungo, Keep talking B.S.You are Conditioned.....as your children undoubtedly are. Sorry for you.
P.S. you can't learn anything when you are talking nonsense.
I predicted this oil price decline to my clients months back, and now the negative sentiment is peaking, time to look closely at the wave counts...
I wonder if the people who propagandize so hard against Russia and Putin actually believe that the militarists, globalists, and usual suspects arrayed against Russia are all about peace, love and understanding?
They are the boot eager to stamp on a human face forever.
Sorry, but Dollar Inc or "The Boys" always win.
... until they don't.
-----
The biggest, baddest predators always imagine they will last forever. And never do.
Not that they don't often cause astronomical carnage while they collapse.
“Let London manufacture those fine fabrics of hers to her heart’s content; let Holland her chambrays; Florence her cloth; the Indies their beaver and vicuna; Milan her brocade, Italy and Flanders their linens…so long as our capital can enjoy them; the only thing it proves is that all nations train their journeymen for Madrid, and that Madrid is the queen of Parliaments, for all the world serves her and she serves nobody.”
- Alfonso Nunez de Castro in 1675
A few years later, the government of Spain was bankrupt.
With all the "team picking" here it's fun for me to watch this.
The .01% is the stadium owner....
the population is the cheering divided fans.....
teams are NATO and NOT NATO......
the stadium owner is an arsonist with an insurance policy......
stadium burns, some fans escape......
stadium owner collects check ......
no more divided fans, just a few useful slaves to build the new stadium
Until the "fans" OWN the stadium and toss the teams nothing changes ...We all loose... so keep cheering rah rah flag waiving continues. Fucking dumb asses
Putin's voice box said to prepare for World War III months ago. Said it was being caused by the Russians.
Do you think he isn't prepared? Do you think he doesn't have a plan?
Let me put it another way. Would you pick Putin or the "Tiddly wink in chief" to have run multiple market and military simulations to understand what the next 50 moves should be?
My prayer is for peace but not the way these neo-cons are playing this game.
Unlike the United States,Russia has very little debt and can weather the storm.It's like Jim Rickards said,if you knew ahead of time what the U.S. was planning to do in the Ukraine,Syria and elsewhere,you'd take precautions ahead of time,well in advance in order to prepare.Don't worry though,just like every other idiotic foreign policy decision made by the Obama Administration,the act of economic war against Russia will also fail.Why you ask?Because these morons rarely plan or think things out over the longer term.They're morons.Just use Kerry and Victoria Nuland as your examples.Russia has all the bases covered against utter stupidity.
mass-murderer Putin
mass-murderer Nobel Prize Winner
luv polls with millions of terrorist mid east civilians dead
#fflag USA USA USA Sweet Caroline Sweet Caroline
I will buy ruble. Rewards out-weigh the risks. Risk reward far better than the conventional carry trades now. Bet is on an overplay on the power of the oil cartel, crippling import prices and no meltdown short term . Russia is still connected with global flows of investment and trade.(Only perhaps a loud mouth Putin does not match the size of the body/ economy but nonetheless still a globally connected economy).
My old man (kinda) says with the Russians, they let you walk into it. 'It's only the Russians, we've got them figured, we'll get 'em'.
Said Napolean and Hitler. You walk in, no resistance, you keep going thinking 'the plan is working', then fom no-where you get hit by 000's of T34 tanks (or equivalent).
It'll be interesting to see if Putin has something equivalent up his sleeve, I would say on balance that there's more to the RUB in-action than there is if there had been a standard reaction. Russia & China are getting closer to working together to rock the boat once and for all.
Like I say, it'll be interesting.
Yeah... Russia and China working together... "best friends"...
Like Ribbentrop-Molotov, right?