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What's Next for Russia?
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Simple. Moar vodka!
Maybe they'll jack up interest rates to save the ruble. Could it happen? (Just did.)
I'll leave a few paragraphs and the link to the entire article. re: Russia, the last paragraph = most important. Its the BRIC, BRICets, Group of 77 (actually 130+ Nations joining) ...of course NOT in our news
paste below
http://www.globalresearch.ca/gold-financial-markets-and-the-international-monetary-system-one-foot-on-a-banana-peel-the-other-in-a-grave/5419975The next dot to connect was the spending package passed by Congress. As Zerohedge reported Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For , the U.S. public was sold down the river. Just a month after the Republicans won both houses of Congress, they have now allowed the banks to stuff their derivatives portfolios under the FDIC umbrella. Over $300 trillion worth! Prior to this, the FDIC insured over $6 trillion worth of bank deposits with a whopping $54 billion reserve… How could any “true American” have voted for this? Even a calculator with no batteries can understand this will unequivocally bankrupt the country, yet this law is passed little over one month after an election by the American public put trust in the Republicans as their “last hope”? Was this passed by mistake or do you think they knew what they were doing? Was Obamacare passed by mistake? Comically, the architect of Obamacare testified to Congress after calling the American public stupid …a traitor testifying to traitors, they should all be strung up for TREASON! Whether you know it or not, Congress just called the American public stupid also by passing this traitorous law.
I asked in the above paragraph if you thought they “knew what they were doing”? The Treasury Dept. this past week put out to a bid request to supply “survival packs” for their 3,800 bank examiners. For what possible reason could bank examiners need a survival “fanny pack”? Does the Treasury know something they are not telling us? I would also like to ask why the Chicago Fed is “bricking up” their ground floor windows? Are they expecting something? Rioting maybe?
If all of the above wasn’t enough for you, don’t worry, there is more … and even bigger news!
Early in the week, Russia announced they are moving up the testing for their newly proposed currency clearing system. It had been planned for a May, 2015 testing phase followed by going live, this is now moved up to Dec. 15th, yes, this Monday! Why? Why are they moving up the start date? Presumably they also know something or see the immediate need to be able to clear funds for trade outside of SWIFT. If you think this one through, Russia will have the ability to facilitate ANY trade between ANY two or more parties while excluding the use of dollars …and the prying eyes of America! This will mean whatever sanctions on Russia will be lessened, it also means SWIFT is no longer the only game in town. Maybe the BRICS et al will no longer care, or need to use SWIFT? No, not “maybe”, definitely.
You're not going to beat the worlds biggest sociopath financial terrorists at the game they created. You're only chance for escaping US grip is pre-emptive nukes. And good luck with that as well. All these stupid stories about russian bombers being 50 miles off the coast? LMAO please. I guarantee they are under 24/7 surveillance and the US millitary knows as soon as someone gets on board let alone takes off. Rather or not Russia can bypass our capabilities underwater I don't know. My feelings are someone's going to get pushed into a corner they don't want to be in and instead of throwing in the towel are going to come out fighting. I've known several russian's personally. None of them would put up with this bullshit.
I thought about that as well. Perhaps I should apply for an elitest asshole position?
Didn't seem to post in the right spot but I was referring to the comment of Saudi oil fields going up flames lol.
How low has the rubble fallen?
If you found one lying in the street, would you pick it up-- knowing that its current value is 1.5 cents USD?
But cheer up, tomorrow is another day in the FX markets. I'm sure Grandmaster Putin is really looking forward to it because he has a cunning plan, milord.
Who gives a shit what Russia does? As long as we don't attack them and they don't attack us, everything is fine.
Right now Putin is trying to figure out the best way to let the Russian people that the Ruble is going to be pegged to the US Dollar.
Not that everybody in Moscow doesn't use US (100) Dollar bills, anyways.
Much of today's Ruble fall has been because of this:
Last week, the central bank of Russia agreed to lend money against 625 billion rubles (still over $10 billion, even after Monday’s mayhem) of bonds freshly printed by Rosneft, the oil company headed by Putin confidant Igor Sechin. The aim is to let Rosneft hoard its export dollars and meet a $10 billion loan repayment later this month (and another $4 billion in February).
The realization that Rosneft, one of the biggest players on the foreign exchange market, would be buying far fewer rubles with its export dollars appears to have been one of the reasons for the ruble’s drop Monday (the failure of the central bank’s half-hearted rate hike and intervention last week also being partly responsible).
If the central bank shows anything like the same generosity to other companies, then the ruble’s debasement will be complete.
"Time to throw your boomerang kiddo.". Some great points made here about " why not start selling in rubles and euros?". Clearly too late for that though.
I do think an outright collapse of Russia cannot be ruled out. Of course "and then what?" comes to mind.
I also think the Palestinian Authority brandishing their weapons in Gaza is a big deal. If I were the Air Force I would start buying 747's instead of SPR's. I see zero energy shortage for the next ten years even if the Palestinian Authority does attack here.
Being in recession and being in economic crisis are two different things.
...but when you step into one while trying to clean the other off the same shoe...
Saudi Oil fields will go up in flames... only way to bring up world oil prices.
Gosh!! What a moronic video!! Anyways, I guess it proves how wrong those delirious people, always talking about how a country can just dump the dollar and live happy ever after, are. If you could just give the finger to America (and the current world order) don't you think Russia would be thriving, not struggling. Putin severely under estimated the USA. Russia does not have a strong manufacturing industry. They can't produce food enough to feed their population and their internal market can't sustain itself. On top of no banking of financial girth. Putin had just 2 cards, oil and nuclear power. America is showing them that the oil card is null. The nuclear power still exist but I doubt Putin really want to use it. What a stupid move from the country that gave us many fine chess players.
Russia is cornering the market on Rubles. Buying them cheaply until there are no more to sell. Then it will set prices in Rubles.
As to the market, it has just woken up to the realization that with daily power cuts in Kiev the regime there is not going to actually run a country. There will not (mark my words) be a Ukraine budget ever released (presently months overdue) since things change faster than it can be written. AND RUSSIA INTENDS TO END ALL GAS TRANSIT VIA UKRAINE FOR NON-PAYMENT IN JANUARY 2015. Germany and Poland get Russian gas and the rest of the EU except Spain, Denmark, Romania, Estonia, Latvia and British Isles go without enough energy until the Turkish SouthStream is completed - what will that do to the EU?
Lithuania's new LNG terminal has enough storage such that at full capacity it can supply Lithuania, Latvia, and Estonia for an entire year... independent of Russian suppliers.
Turkey just informed Russia that a "South Stream" will not be a pipeline, but a huge LNG terminal on the "Greek side" of the Bosphorus.
Ukraine is paid for in January... as in "store-bought" by the so-called "West".
As if Russia would even shut off the "pipeline" that reverse-flows the foreign exchange they need to put food on the Russian tables.
Lithuania will indeed be using LNG.
Estonia and Latvia can get Russian pipeline natural gas in any amount much cheaper than LNG if they pay for it - because that gas does not transit Ukraine. They also can get Russian LNG by road tanker for villages not on the pipeline system cheaper than Lithuania LNG.
Of course Estonia and Latvia don't have to buy cheaper, they are free to pay more to Lithuania if they want, that's their free market.
As to Ukraine, it has to make a USD1.65billion payment by 2014-12-31 or it is out of contract and out of gas. Will it make the payment? History suggests Ukraine will renege but we shall see. What is likely is that Ukraine will not make the payment, will dispute the contract, will take gas it argues it has paid for, will be deemed to be theft of gas and end of transit gas through Ukraine. Unless the 1.65 is actually paid in 2014.
Do you have a source for the LNG announcement?
Ukraine has paid for December gas. Is due to pay off old debt of $1.65B by end of December then pre pay for January another $600M, is this what the 'West' is to pay for?
Britain will get gas from the US at zero cost. The US owes Britain. Very few imperial powers have become colonies of their own former colonies but that American W S Churchill made Britain a vassal state after 1940 and was so pissed off that he was kicked out in 1945 - he even left his bags in Potsdam so confident was he - that he started his Cold War act at Fulton Missouri 9 months after being rejected by the voters
And where will the US get ANY gas from once the shale oil boom collapses from low oil prices and there is no more drilling?
Well destroying the European economy has been brilliant by the US which now owns Ukraine and had better start spending tax dollars there. The EU will disintegrate and I doubt NATO will be anything other than US as Europeans reduce defence spending
Nothing he is saying is true right now.
while whats left of the ussa is being gutted sold for scrap and what not everyones watching the squirrel (ruble/russia) hey look over there !!
Ruble is at ain't no level - it is falling exponentially! Close in value to Indian Rupee now... Putin-Huilo
H/T to Pool Shark, copied directly from another thread
(POOL SHARK!)
Russian Ruble loses 13.28% in one day!!!
http://www.kitco.com/gold_currency/index.html?currency=rub&timePeriod=d&...
This is a "War" the ... USA cannot win, they missed the bus on this a long way ago. Russia will not go down alone, the only question is how many and how far will it pull along for the ride. USA has no "willing" allies Russia has at least half the World standing willingly behind it even if USA scores a symbolic victory it won't hold on after that for much longer, as the World will see it for the "Evil Empire" it truly is.
what. are. you. smoking.
Sell. More. Urals.
And Ural accessories.
This might be a good time for some old fashioned North Korean sabre rattling.
Is that like those little mintly Ural Cakes they give away in the men's rooms?
Who would buy those when you can get them for free?
Well, we have done a pretty good job of containg and humiliating Putin. He now needs to stop worrying and learn to love the NATO ring of steel. How dare anyone slow down the US drive to full spectrum domination?
He's probably counting on more ICBM cokeheads being discovered in USAF
I'd call it ZWO full spectrum domination, with the dumb US Zio occupied mule spilling the blood of it's sons and daughters on command for their pathological agenda.
"Putin will seek further autonomy for the Russian economy and further state control of the banking system in order to protect it by foreign financial speculative games. It seems that BRICS increasingly gaining financial independence from the Western neoliberal bloc. This will bring further panic to the Western oligarchs as may fear that a fast growing Russian economy could become a new model for other countries even from the Western sphere of influence. Therefore, their plans for total dominance through the expansion of the catastrophic neoliberalism could be definitely destroyed."
http://failedevolution.blogspot.gr/2014/12/putins-speech-interpretation-...
Two options now - either Putin has a "heart attack", or Russia becomes the largest North Korea in the world. Well, both can happen, by the way, depending on who gives Putin this heart attack...
The way things have been going, USA is going to become the largest North Korea in the world.
Third Option:
China supports Russia with soft dollar loans (they have lots of dollars) to secure future energy supply.
This is not only likely, but probably imperative given that China gets a lot of oil from the middle east, which is gradually descending into chaos. A secure energy suppy and a govt beholden to them, which indicates good trade and investment terms down the road. What's not to like?
Besides, what's the US going to do about that? Boycott China?
or the US finds it has lost Germany and France and Italy and Spain but has got Poland forever
DON'T FORGET GYPSIES FROM ROMANIA AND TRIBES FROM UKRAINE
Russia lunching nukes on USA in 3....2....1
RUBLE NOW AT 62.32
64.43 - it's fucking exponential today
Hungarian hyperinflation in 3....2......1,000000000000000000000000000
No nukes for now, IMO. However, when nothing seems to be happening, you can bet that much is happening. We are simply not privy to it, and will have to wait a bit until the effects are obvious. I suspect there is much consternation in various countries around the world as they try to look to the future while avoiding being eaten by the present. We are definitely watching a turning point in history as it happens.
If you objectively watch this shit show and what the USSA has tried to do to Russia, it would be hard to imagine anybody not wanting to get free from USSA entanglements. Truly the real evil empire. The Ziocons