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Russian Central Bank Intervention Is Losing Its Mojo, Bond Yields Crash Over 12%
The Bank of Russia this week made its heaviest currency intervention in more than a month, according to WSJ, to try to stem the escalating trend of Ruble collapse... but it's not working. Chatter of three significant interventions this week (which are quite apparent in the USDRUB chart) have had less and less positive impact on the currency and even with warnings of jail for FX speculators, the post-intervention selling continues. It appears, however, that the main pressure today is in the Russian bond market as 10Y RUB Bonds cracked 80bps higher to 12.04% yield... the pressure mounts on Putin.
Central bank data showed Friday that it spent $1.9 billion to ease downward pressure on the ruble on Wednesday after selling $700 million on Monday.
The central bank eliminated regular interventions and let the ruble float freely in early November after the nearly $30 billion it spent from reserves failed to stop the ruble’s rapid depreciation in October. Despite the free-float policy, the central bank said it retains the right to intervene suddenly and at any level if it deems the country’s financial stability is threatened by the ruble rate.
On Thursday, President Vladimir Putin asked the central bank to save the ruble from falling. The central bank later warned it may open an investigation into the possible manipulation of the ruble, which has lost some 40% of its value against the dollar due to massive capital flight, sliding oil prices and Western sanctions.
Interventions having less and less impact...
as The Ruble tracks the price of oil almost perfectly off the highs...
One wonders if FX speculation warnings pushed speculators into the bond market....
Charts: Bloomberg
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Putin is running out of time, the west can keep this up for awhile longer. Come on putin dont let these motherfuckers break you.
War is a good fix for this...get them young bucks out there worried about getting their head blown off than about how shitty their .GOV is.....same as it ever was..
The West wants a war with Russia, and BAD.
Putin knows he just has to outlast them.
Dear Mr. Putin, either back your shit with Gold, or oil.
The Russian people have been through hardship before. This is nothing new.
Shut off fucking SNAP cards and end all the corporate subsidies in the good old U.S. and let's see how everyone does.
Yes, what part of all fiat will go to zero don't people understand?
It didn’t take long… Just yesterday, the head of a major Russian Bank said that if Russia is kicked out of the SWIFT, it will be treated as the declaration of war and the US Ambassador should pack his shit and leave the country immediately.
And today, the EU has softened the sanctions against Russian Banks, allowing them to borrow from EU banks with a maturity EXCEEDING 30 days.
Looney
Check out 6-a,b and 7-a,b in today’s Official Journal of the European Union issue.
http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2014.34...
that was before they'd ever known relative prosperity. it's different this time.
Exactly. Past generations in the US walked or drove wagons three thousand miles through snow and hostile territory and settled the West. Their descendents, for the most part, lack that moxie. Russia is no different. The ones who stood toe-to-toe with the Germans at Stalingrad are dead.
Ze Germans back in the day also made some comparison: the lowly Ruskies who defeated the Grand Armee of Napoleon are long dead. This time we'll succeed because they became much weaker cause of Bolshevism!
Wrong.
Our final score in WWIII:
Gipper: 1
Empire of Evil: falls apart
Our final score in WWI:
Hindenburg/Ludendorff: 1
Lenin: surrenders even though he is on the winning side
Our final score in the Crimean War:
England/France unity team: 1
Czars: 0
Our final score in the Russo-Japanese War:
Japan:1
Russia: -1 (they got a revolution out of the deal as well as a defeat)
Time will tell which Russia shows up for the final round. Given the desperate efforts to encourage FX returns and frantically develop alternative markets, it is not clear that the autarch of the Grand Duchy of Evil shares everyone's confidence in its ability to indefinitely hold off the West.
Japan wasn't your bitch at that time
I fail to see how the Russian domestic economy is anything like the euro entrepot.
The avotovaz car factory is probally the last vertically integrated plant in the world.
its population density is absurdly scarce.
Its got a huge surplus of oil.
All they need is cash........
No need for French style capital investment.
The Europeans must return to village life but the Russians can engage in a for dist experiment at any time.
Or on the dole.
Shut off SNAP and their will be riots.
The oligarchs know people are subdued as long as you keep them fed and fill the media with propaganda.
The wife is heading to Moscow to buy a lot to build on in Jan. so personally, this has been a gift for me.
What region/location? You got a lead on something good?
Nothing as sexy as a hot tip on ZH right?
Sorry to disappoint. It is fairly pedestrian. We are buying a lot for her family to build a house on. Retail transaction so nothing to see here, move along.
:)
"The Russian people have been through hardship before. This is nothing new."
Yes, Zimbabwe people too. Mugabe! Mugabe! Mugabe!
Quite the recommendation for being a Russian. I kind of thought the idea behind a government was to avoid hardship rather than repeatedly inflicting it so that the people build up a tolerance for living in a shit hole.
It's the argument I have with the current US administration.
crap. a far better strategy is lower oil. putin's days are numbered
I think before Putin goes, he drops he $200 Billion in USTs into the market. That is equivlant to 2.5 months of QE4eva at $80 billion a month. Interest rates would spike, and because the Chinese and Japanese aren't buying it anymore, someone would have to step in and buy it. He takes it into the Ruple -- that is essentially the size of Russian debt.
The idea of a color revolution in Russia is laughable without the West's financial system getting wiped out as well.
Winter is coming. Perhaps the best weapon of all.
Our city is running on biomass. Haven't run the gas boilers since the central heat was turned on.
2.5 months of QE is peanuts in the scheme of things.
drop the 200 billion on the market. We'll buy it for 100 billion. Not. 95 plus S&H. You wanna sell. Find a buyer and a price.
cabinet bid
Rates might spike for five minutes. G to the bathroom and you'd miss it. Buyers would lower their bids and hose the little guy, that is, if the UST did not default by CUSIP. Even China might snap them up through the Belgian sub it set up after Geithner gave the Chinese Government Primary Dealer status. Russia's economy and its reserves are rounding errors. Puti has maybe $300 billion of reserves left, and with the late 90s still fresh in people's minds, he has trouble getting funding. Hence the 12%. Compared to the approximately $50 trillion US capital markets, Russia is nothing. He couldn't even wipe out Estonia's financial system.
CB is intervening right now so less than 300bio of reserves
Nope, +400
They can always default. See who's losing then...
".......Compared to the approximately $50 trillion US capital markets, Russia is nothing....."
'Nuff' Said......
Russia only owns about 125 Billion UST's; he cannot therefore sell 200 billion UST's
China can.
And thus dump the value of their remaining holdings into the Middle Kingdom equivalent of la toilette. I'm sure your suggestion will meet with a polite rejection from the managers of the Chinese Communist Party's joint 401k program, aka Chinese national FX holdings.
Margin call those bitchez (Soros, Jaresco and consort) make them
bleeding !
To the owner of this bot, it's repeating itself verbatim from thread to thread.
Plz fix with some more interesting, varying commentary.
putin fluffers on the thread
Again, VERBATIM. Plz fix asap.
<~~~ Putin fluffer
<~~~ Obama toadie
i am free minded libertarian. you sir are a putin fluffer
.
Made me laugh. US propagandists never rest.
US rules the world. Even strange foreign propagandists love to use American imagery to define themselves.
Send me your address and I'll ship off a sack of potatoes to you for Christmas.
tarabel
If they do, they are certainly doing one colossal fucked up job.
That is laughable. More please.
You are a boring troll, with a stupid cat as avatar... nothing more.
As always, I enjoy reading the hateful insults spewing out of the mouth of the alleged Angel of Joy. Don't agree but I can still revel in the irony of it all.
There's nothing hateful in it, so you can revel all you want... For an alleged "libertarian" you are pathetically PC.
truth hurts eh - now get back to fluffing duties. putin loses wood every time the oil proce drops.
You made me laugh with this one. Good luck in trying to illustrate this point.
Russian manufacturing PMI blew past all the forecasts showing healthy expansion - oh, this must so pain them to have to report it - I wonder that they couldn't weave in the "Western sanctions begin to bite" meme! Russia Nov. Manufacturing PMI 51.7 vs 50.3 in October Dec. 1 (Bloomberg) -- HSBC and Markit Economics release purchasing managers’ index for Russia manufacturing in November. Forecast range from 49.9 to 50.2 from 6 economists Index rises to 51.7 from 50.3 in Oct.; Year ago 49.4 Highest reading since Oct. 2013 Fifth consecutive month of expansion New Orders rise to 53.9 vs 51.4 in Oct. Highest reading since Oct. 2013 Fifth consecutive month of expansion Reading above 50 signals expansion, less than 50 a contraction . Take it wet dragon
good luck with your optimism for the russian economy
The Saudis say oil will stabilize somewhere in the neighborhood of 60/bbl. That oil price hard floor will also be the hard floor for the ruble. I'm not the sharpest tool in the shed, but if I were Putin, I'd take a look at this hard fooor and ask myself, "How well can we do at this level, and for how long?" It's not that hard to calculate, and then to take countermeasures to contain the problem.
Russia's central bank is run by Rothschild scum. Nabuillina is just a figurehead. Every crisis is an opportunity. Maybe Putin will sieze the chance to nationalize the central bank and print debt-free government money. Now, THAT would mean war.
markets overshoot in both directions. it's about how long the price stays depressed.
No overshooting. Just shooting.
I agree. And I doubt it (oil) will stay down for long. there was a ZH article about this yesterday, so this is just a brief recap:
1. Oil price drop is about oversupply in a demand-short market.
2. Oil price drop will kill off the expensive to produce oil.
3. Price drop will spur demand.
4. Curves reverse- supply short, greater demand, price goes up.
5. Demand in developing nations is less elastic than in more developed ones. Since most people use just a little oil, but can't really cut back (or buy more) on what they use, the demand floor for oil is fairly solid. In fact, demand charts don't show decreases, just a shallower upward trend, towards 93 mbbl/day.
6. But supply is more elastic- at least on the decrease. It is much harder to bring back supply, especially in capital-intensive areas like deepwater, shale, and other non-conventional plays. Current capital market dynamics (yield spike!) mean it will be harder to get funding to restart abandoned production.
7. So, takeaway, ask yourself how long it will take for lower oil prices to destroy the shale ponzi and shut down shale production, and you have your answer for how long the price will stay depressed. Be prepared for prices to surge well above the 150/bbl mark, and the next "plunge" will bring us "back" to 100/bbl, all without shale.
agreed absent the economic ice age that we are all expecting. i would also add not to underestimate saudi's resolve to shaft russia and iran. pump and dump (oil) hits them where it really hurts.
It's funny how it only hits Russia, or Iran, but never the US shale oil industry, or Canada's oil sands, or any "green" industry of choice... or even Saudis own budget. That's what educated people would call PROPAGANDA...
Who has the longer tail when it comes to surviving an energy price war? Russia and Iran are absolute slaves to the stuff, US and Canada not so much due to diversified economies. Hurting oil producers has different imapcts when one oil producer is a nation and the other oil producer is a company.
Wishful thinking when it comes to the "diversity" on the North American economy.
First of all, they both have big deficits, commercial and fiscal. So, they print more and get more indebted each year. Sure, it doesn't matter because they are so "exceptional"...
Second of all, both countries have the export profile of a 3rd world country. And oil makes up for a HUGE part of their GDP. No much difference between them and Russia. You might want to re-check your assuptions...
Don't disturb the US world order as it is perceived by US citizens. They love so much their cocoon of duplicity. Facts would be too hard on them.
I recall saying many moons ago that Russia's CB telegraphed $60 bbl would be their trigger to intervene... well, here we are with Saudi's confirming that's exactly where they expect it to stabilize...
it's called "push 'em right to the edge, but not over"
Who knows, maybe the currency problems will affect Russia's ability to maintain the gas flow. Wouldn't it be tragic if a valve was to freeze shut on Christmas Eve? Or in early January just as the cold weather really sets in.
Russia and Europe have a symbiotic energy relationship. Previous Russian mini-embargoes have been met with increased interest in alternatives that are becoming available due to shale oil developments. There is a definite "Sell by" date on Putin's ability to threaten Europe. A year or two is all that he has left, then poof goes his leverage and he trundles off to Peking to become their little squealing buttboy.
HAD a symbiotic relationship. End of South Stream means the EU has an energy drought for the next three decades (at least) ..... Ooops
So in a year or two what exactly will EU be burning to keep warm? Hot air?
Always made me laugh to read this kind of big delusion. This is the internet. Feel free to speak your mind and use that freedom to divorce from reality.
Drastic times and drastic measures?
Funny how QE worked for the US and Japan, but won't for Russia.
Time for some real Ass-symmetric payback, or they'll just keep piling on.
The Federal Reserve and the IMF banksters are determined to punish him for not playing their game.
Get their money, then default selectively. Ideal way to say FY to banksters...
He doesn't have to outlast the US, but he will outlast Europe. That's all thats needed, and they are already caving in. Isolating Russia is turning into US isolation.
Looks like we have us a full-press Currency War plus Sanctions. This is War in everything but Declaration.
Someone sent me this Jim Rickards link on YT, which I see is also on his blogspot: Project Prophecy 2.0. If this is correct, then the fiat war-room at Langley and the Fed is going full tilt. They are merely front-running the BRIICS attempt to create their own SWIFT and Russia is getting SWIFT-boated, as an early Christmas gift.
p.s. China, don't think you're getting out of this alive... you're next, and will fold like a Made in China Costco tent, if Russia folds. How's that go again... 'United we stand, divided we fall'?
China is much stronger than Russia.
Siberia will go to China.
Siberia to China... perhaps, but not for another 10 years ... after Putin and XI retire .... there was probably a handshake deal on that.
Siberia won't go anywhere. Russia has more nukes... which can be targeted anywhere.
Mr.peru get your facts straight .
http://www.forbes.com/sites/markadomanis/2014/05/27/the-chinese-invasion...
we're looking at 12% yield on 10 year notes here... this isn't a choice of "letting" someone break you or not, you're getting broken regardless
They can buy their own bonds as well as the US and Europe.
Well, they could, but inflation is already double digits.
Just like the US and Europe.
It doesn't matter. They can make their bond yields go as stupid negative as Europe whenever they want.
Certain Cyrillic currency circle-jerk coming, commensing countdown 3...2...1...
Hang George Soros.
That should have been done 70 years ago when he was just a simple Nazi colaborator.
Or Nazi instigator, depending on how you view Zionists. Interesting read is the UNEDITED version of Anne Frank's diary, she talks about the Zionist meetings occuring in her neighborhood.
Anyway, better late than never.
Thye edited a forgery, and then released the unedited version? Amazing!
He was between 9 and 14 years old during WWII. How did you behave when you were a child and Nazi's invaded your country and began exterminating people of your ethnicity? Hang yourself, fella. Do the world a favor.
Sors was definately a NAZI collaborator. That is a historical fact. He was involved in the confiscation of Jewish property when they were sent off to concentration camps. Where do you think his money came from?
He's a product of a movement, doesn't matter if he was the first, supporting it is his life's work.
How did the German's behave when deprived property through a Jewish owned credit and banking system? They question is who struck first, it wasn't the Nazis, they just capitalized on the mood.
Two kikes downvoted you.
Everyone but George agrees with that
So, time to set some dry powder aside to buy the Ruble and Russian bonds... ...again. Awesome, the 90's are back!
/s
idiots
Bond yield spikes are contagious... haven't we seen this movie before? I think it was called "Goldman the Greek." This new one is called "Dr. Zhi-Goldman," or is it, "From Goldman with Love"?
Here goes the US, cutting off the nose once again to spite their face...shooting themselves in the foot...belly-flopping from the high dive... with yield contagion already infecting the HY markets (shale oil meltdown), does it make sense to set bonds on fire somewhere else?
No, of course not, but when, in the macabre sandy hook word we live in, did making sense matter?
As the Queen of Hearts said to Alice,
“My dear, here we must run as fast as we can, just to stay in place. And if you wish to go anywhere you must run twice as fast as that.”
It seems to me that pulling your opponenets cards out of the house of cards everyone shares is a bad policy, but I am sure my point of view is not short-term enough to understand the wisdom of destroying the global economy, just so one nation can be king of the ash-heap.
Yep. By they way, if that's a potash heap, it is actually worth something.
Potash is good, but I love me some potassium nitrate. You take fermented pig manure, and mix in the potash, and then pour in water. You collect the leach liquid and dry it out to obtain the whitish salt. Fuckin' A! You can give me anything nitrated, and I'm happy. A little KNO3, some charcoal, some lead, and some kind of steel tube with mounted ergonomics, and I am like a pig in shit!
Nice to see another person with tradeable skills. The future is ours.
I think I just fell a little in love with you...
I wonder how all those investors who thought Russian bonds paying 9.5 % were a great buy feel about today's news.
decouple faster
I KNOW HOW TO FIX THAT!!!
BERNY AND TIMMEAH ARE OUT OF JOBS!!
HIRE THEM, AND FIX THE BOND TROUBLE AND ADD 2 FULL TIME EMPLOYEES TO THE US EMPLOYMENT CHARTS!
man... I should work for the government...
http://content8.flixster.com/photo/14/09/52/14095266_ori.jpg
We will not surrender!
Nobody is asking you to.
We would like it, however, if you would keep your mitts off of other people's real estate.
These problems could all go away tomorrow if you would stop trying to steal parts of Ukraine
The Ukraine is a joke that get funnier each time you tell it. No one wants to steal your shitty country.
True dat, it's already been sold to the highest bidding jew.
.
Excellent. US propaganda is a recursive, self feeding phenomenum. US citizens have this knack at creating fantasy they later consider as part of reality. It also shows how US citizens are keen on worshipping tales.
Lets put back this bit of fantasy and relish on it to see the power of denial, of dismissal of immediate reality US citizens can display.
Another non sense, trademark of US cheap propaganda. It is exactly the kind of failed reasoning that can be expected from US propagandists. Welcome to delusional land.
Good prisoners are a pain in the ass.
stop trolling .
BRICS nations need to sell US Treasuries and buy Chinese and Russian bonds.
You sir, are clearly a terrorist!
You mean support the communists?
.
No, stupid, he said sell US treasuries.
That is supporting the communists - stupid.
Russia can't even keep domestic capital at home. The other BRICS are too stupid to see that? Hardly. The BICS will buy Argentina and Venezuela before they would buy Russia.
That's why they are offering amnesty .
it is not the government debt which is huge but the private companies debt so russian treasury bonds are safe except for the ruble itself
"so russian treasury bonds are safe except for the ruble itself"
You cannot separate the two, that is like saying ice cream won't melt if it wasn't ice cream.
Putin understands military tactics but is lost in economic tactics.
You cannot artificially support a monetary system if no one is willing to play.
Putin has a Phd in economics. I think he knows his shit and being ex-fsb is fully versed in the tactics being employed against Russia
Putin does not have a PhD in economics but his actions make it clear he knows the forces being used against him. He's keeping the borders open hoping for capital repatriation.
A degree in economics..... There's the problem!
Like a extra 4 years makes one a genius. We have Harrrrrvord Phd's running our conomy.... What a great job they're doing.
When "education" reaches the levels we see in the ussa inventions and skills disappear as everyone already knows everything there is to know.
If you have access to or control of calories available for consumption you can actually do and build things (required for a real economy).
Want some Russian Oil? Pay in gold or Rubles or go fuck yourself. Supporting a fake monetary system might feel good for a while, but ther will be consequences, history is very clear on that.
It is also very clear that the E.Z. is more than willing to "play" in exchange for those Russian resources.
most of USD russia gets by selling its oil is used to buy food from abroad
Good for me. The Russians could grow their own just fine, one reason why they are interested in the Ukraine.
What's your point, that their government is corrupt? No shit sherlock. How does allowing our government to become as corrupt as theirs help again? That's the fucking point.
most of USD russia gets by selling its oil is used to buy gold from abroad
FTFY.
Sorry - not so.
Russia depends on oil income to keep its economy and military on track, that is why oil is being crushed, a gift from Europe and US.
counter-sanctions and falling oil prices are providing massive support to Russian agriculture - which is seeing spectacular growth....Rusagro revenues up 68% YOY
Rusagro – 3Q14 IFRS; strong – BoD approves Tambov and Russian Far East expansion – Buy
News: Rusagro has reported its 3Q14 IFRS results. Revenues reached RUB 14.7bn, up 68% YoY. EBITDA stood at RUB 4.7bn, implying an EBITDA margin of 32%. Adjusted net income was RUB 4.6bn, meaning a net margin of 31%. In 9mo14, the company generated net operating cash flow of RUB 14bn and employed RUB 3.9bn in investing activities. During the quarter, net debt went down RUB 5.6bn to RUB 3.3bn with a net debt/LTM EBITDA ratio of 0.2x. During the conference call, management stated that the BoD had approved the expansion project in Tambov and Russia’s Far East that would bring up to 230,000 tons of additional capacity in live weight pork.
Our View: The results were strong, in line with our expectations on revenue and EBITDA and outperformed by 18% on the net income level due to the higher than anticipated interest expense reimbursements and lower effective tax rate on the more favourable profit allocation between business segments. The robust results were primarily driven by further profitability build-up in the meat segment that brought an EBITDA margin of 56%, implying 5% QoQ and 34% YoY expansion. The outlook on 4Q14 prices and volumes for sugar and pork sales means that we see upside risks to our 2014F EBITDA of RUB 14bn and net income of RUB 10.3bn.
The announced greenfield volumes in pork imply double the segment’s current capacity of 220,000 tons. The company expects construction to be launched in March 2015 and already sees annual capex accelerating to RUB 10-15bn next year. Overall, the stated projects require RUB 26bn in capital expenditures and are to start delivering volumes on the three-year horizon. In the Russian Far East, Rusagro is to purchase 20-25,000 ha of land in the Ussuriysk region in January and put breeding and slaughtering facilities there. For the aforementioned projects, Rusagro has received state approvals for the subsidies on the interest payments and certain commitments on the infrastructure development. Management sees the equilibrium pork price at RUB 80/kg and expects the expansion projects to bring payback of less than seven years. The company has maintained a positive stance on Russian Far East operations for a long time and the BoD approval creates positive sentiment. As of September 2014, Rusagro had RUB 15.3bn in bank deposits and we welcome the crystalising employment of those funds. Rusagro is our top pick in the CIS agriculture universe.
Russian imports of food are 13% of the total:
http://www.tradingeconomics.com/russia/imports
Exports of oil, petroleum products, and natural gas amounted to 68% of total exports in 2013:
http://www.tradingeconomics.com/russia/exports
In 2013, Russia had a current account surplus of 1.3% of GDP (ibid.).
Once the new swift system is in place, it will be time for Russia to flood the market with US treasuries. Don't worry, Belgium will be there to prop up the market when it happens. Buy gold, back the ruble with it, deal with the short term-pain, and then sit back and watch the ruble become the most coveted currency on Earth as the dollar fades into oblivion. And while Putin is at it, execute any luciferian bankers that may be left infecting Russia. Putin is making his move against the cabal. They are trying to break Russia because he is not playing their game anymore.
Hey can I get some of what you are smoking? Imagine an olgarch, ANY oligarch backing a currency by anything more than the hopes and dreams of those whom you intend to fleece. You have the mind of a child...
"Once the new swift system is in place, it will be time for Russia to flood the market with US treasuries."
The Russian version of 'SWIFT' will not have been implemented until May 2015, at the earliest. Many things may happen between now and then...
Russia is getting in a Godzillian investors ahead of the massive economic boon to buy bonds at these higher rates. Russia is the answer to today's economic problems because of its resources and ideal location on the continent as well as its low population.
Not to mention its many Siberian winter sports training camps.
When you're dining in a Denny's in West New York, New Jersey and the nukes start flying, being in a gay bar in Siberia would be mighty fine.
:-D
The famous Russian response to plane crashes, dam failures and train derailments is: "We will find those responsible and they will be punished." (This does not apply to people who murder journalists)
So all you hedge funds that are pounding the rouble, you better stop or the polonium umbrella is gonna get you.
.
Please, can't you come up with a better propaganda than the same old tired lies which have been debunked ad nauseam?
Used to be a time when propagandists took pride in their work and endeavored to make it seem believable. Now they simply churn out the cheapest crap which takes less time in thought to create than the time it takes to type it.
Quantity over quality, the new US way...
Quantity over quality...
Says Mr. Potato Head.
I know, no potato for me either, right?
But I don't hear much about how this is actually great news for Russia and is yet another cunning plan from Grandmaster Putin (tm) to dethrone the West from its perch of power.
You can enjoy as long US can play its sanction game by stretching whole europe along with it ( as a vassal ) for next 20 odd years potato head . But many of your points were simply coming out from western plagued neocons media . get your facts corrected first .
you get potato have TWO worms
Who said Russians kill journalists, Michael Hastings?
That's why Russia diversifies with its partners
http://bit.ly/1vS7Ex8
http://bit.ly/1yiW9Mw
http://bit.ly/1zZWp5a
http://bit.ly/1rTaQt7
and much more......http://newworldorderg20.wordpress.com/
big mistake to stop using the RD 180
Russia will be more likely to sabotage rockets that don't have Russian engines in them.
You know, pride of craftsmanship.
***************************************************
MY BAD
I should have added On a Tit For Tat Basis
Putin needs to stop energy exports to Europe for a few days.
he can't, he needs the money... just like the rest of the petro exporters who can't cut... funny that
he doesn't because he's the only adult in the whole shebang.
I don't know how but I am quite sure Putin and company will be victorious in the end. Taking down a Nazi world government is no small task. The world will be a far better place when this is over. Putin and his alliance give me hope for my children's future. Perhaps when it gets real ugly China and Russia will disclose how much Gold they have. This would instantaneously shift wealth from where it is perceived to be by the ignorant masses to where it truly resided.
Financialization only works for a while. The smartest strategy is for the BRICS to keep chipping at destroying the US dollar.
The Federal Reserve is also doing the same.
Give Bernanke Russian citizenship and put him in charge of the central bank.
Seriously, letting their money float was an invitation to western central bank abuse. In some ways the russians are soooooo naive.
give Stanley Fischer Russian citizenship
fixed it 4 u
Putin is being punished for going rogue.
How do you say SCREWED in Russian?
"screwdski"
lol..
that sounds more like ponglish.. (Polish/English fusion)
I think it's more like poruhany in Russian.