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The Russian Ruble Is Hereby Halted Until Further Notice
Earlier, we reported that various currency brokers such as FXCM and FxPro, would - as a result of the soaring liquidity in the USDRUB pair - suspend trading in the Russian Ruble (while other merely hiked margins to ridiculous levels). It appears things have escalated again, and as FXCM just reported, instead of just politely advising clients not to open new USDRUB position tomorrow, it has advised anyone long, or short, the USDRUB that their positions will be forcibly shut in moments.
So for those curious why there appears to be a collapse in Ruble volatility in the past few hours which in turn has sent both stocks and crude soaring, the answer is simple: nobody is trading it!
And this is what happened following the post: as soon as all those short the RUB (long USDRUB) realized they have to take profits, the USDRUB tumbled some 500 pips (!) in the process sending stocks surging.
h/t @Paul_Courtney
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Yes. Mixed signals from Putin all along but still I did have hopes....
In our comunist state based on new russian world our dear leader decided to ban any Ruble trading to stop evil westerners ruining our prosperous country.
http://youtu.be/h7N5HJso9e8
http://youtu.be/U06jlgpMtQs
So why trade anything anymore if they will pull it at a moments notice if they aren't fond of the particular direction its going?
It's all just ones and zero's. If the larger framework of the worldwide Ponzi it means nothing. If you can't put your hands on it, it's not real and you certainly don't own it.
The Ruble is not breaking down, its dollar Ruble convertability, Russia can always trade gold or oil or diamonds for real fiat
Don't burn money, burn the evil tribe that infests Wall St. and the media!
Wea ll know we won't get the Truth, Facts, from the MSMedia. I posted this before, but for those who may not have seen:
The Truth:
doesn't matter much what they claim for the ruble here...since as of yesterday: 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.
Forgot about that move. Another no-no committed by Russia and getting them into hot water. Thanks for the reminder.
I wish we could post anonymously once in a while, but we can't so I must now ask a stupid question. The Russians raised interest rates which should have helped the ruble, so these slimebags have stopped the trading so the ruble can't be bought and won't go back up, right?
But all they can stop is the trading here, right?
The rest of the world doesn't matter?
Are we that special?
Time for retargeting a substantial number of mirved icbm's?
OK, I'll post this here...I was researching around Russia's Import/Export info and came across this. Though not a surpise to see the same Gang of thieves still allowed to get away with this..of course they had to Hammer the Platinum Group, since 80% comes from BRICS, Russis, S.Africa duo.
Can't you just picture them holding up the announcement until they got ALL their Hiden Off-Shore, no-name accounts, once they know Exactly what Number the ball on the Roulette table will land on. I'll add a couple sentences, but the whole article should be read:
http://mg.co.za/article/2014-12-04-standard-bank-cited-in-price-fix-claim/
Latest collusion scandal
This is the latest scandal about collusion linked to major financial institutions, such as the manipulation of the London interbank offered rate in the lead-up to the global financial crisis.
This year, it emerged the gold price had been manipulated by large banks, such as Barclays, which was fined $44-million.
Five major banks were also fined in November for rigging the foreign exchange rates.
Platinum and palladium fixings occur twice a day: at 9.45am and 2pm London time (the latter for the benefit of US trade) and the four defendants are the only participants. The fixings take the form of a simultaneous auction, at which each party, which has calculated its demand for the metals at every possible price, submits this to the chair. The price is then set so that the total demand from the parties perfectly matches the supply. The fixing window is for as long as it takes for the parties to agree on a price, but typically it is just a few minutes.
According to the complaint, before the fix took place, “the defendants and their co-conspirators were privy to, and shared confidential non-public information about client purchase and sale orders that allowed them to glean information about the direction of platinum and palladium prices and, consequently, gave them the ability to execute trades in physical platinum and palladium and platinum- and palladium-based financial products in advance of those movements”.
This could be interrupted as an act of war; HOT style.
coitus interpretus?
Still seeing price action here:
http://finance.yahoo.com/echarts?s=USDRUB%3DX+Interactive#
People actually trade through this bucket shop? I just asked Standard Financial about this and they have told me trading continues as usual with no stoppage in USDRUB on their MT4 platform.
www.traderzoo.mobi
Mine is halted for now but they said that they will start with higher margin requirement tomorrow due to liquidity problem.
For infos: I don't trade RUB pairs.
Beginning to look like the Ziocons' multi-pronged attack on Russia has been successful.
What's going on behind the scenery?And what kind of deal, if any,has Kerry made?Maybe Russia was going to take some kind of economic action against the west somehow?
Russia already did: 2 deals with China and 1 with Turkey, none priced in dollars. Ooopsie, somebody is in trouble now.
I bet Soros is pissed right now...they took his game away...and I would not want to be the Russian Bank employee that is told to call the Russian Oligarch to pay off his loan or cover his margin call right now..
TPTB are going to piss off the wrong person pretty soon and it will be GAME OVER, nuke style....
Putin,
Don't want to play the world dominination bankster game we will destroy your financial system.
- The banksters.
It's their - the banksters - financial system, retard! Putin would be well advised to bring the ruble to gold and silver standard -- define it as ratio/weight of gold and move it away from cabal's playground! All the rules erected around that fiat ponzi system are the cabal's rules! Oh, and not to forget: start killing cabal's enablers in Russia, that 5th column, moles... vermin! The scum has to be eradicated, have to pay for their crimes! It's he only right way, unless China has something to say... has some schemes we are not aware about!
// '; filtry.appendChild(div); }); })(); // ]]>// '; filtry.appendChild(div); }); })();]]>Yogi- if that's true then why aren't they targeting china who is buying as much anti-banking barbarous relics as they can get their hands on?
Combine this with lethal aid to the Ukraine and we're well on our way to WW3.
If cities turn to ash, it will be the fault of banks, neocons, and whatever the fuck pro-bank/pro-war Dems are called. Just Dems, I guess.
Alright this is getting ridiculous. It is starting to really hurt my Russian wife's family's finances. Womanitis is on the Skype with her mother and I am getting asked about this. I went and got my AK-47 and said I would lend it to her if she needs it. They laughed about that but then I asked if Womanitis -in-law wanted to invest in an old grain hauler. I said that plenty of them are for sale and we will just pull it up on the lawn and spray paint "Fuck You" on the box so everyone can see. (I would like Iridium Rebel to have that honer) My mother in law said "You are so full of shit" but she liked the idea. Am I? Now I have to buy one. I already talked to my brother and I can keep the truck on his farm. There is nothing I can do as far as for how Forex trades. Forex is a scam. Junk money. Mother-in Law asked if had I dog house to sell to her. No, I don't because I don't like pets around pissing and shitting up the place. I just said, "No, we will throw a tarp over the box on the 1968 grain hauler and we will all live in there. Russians have a deep sense of hyperbole and they understand that sort of thing because it might not be that far from the truth. Look what the pricks did to the grain markets in North America.
That is why these trucks are out there. No one wants to farm anymore and why the fuck should they? It is just a losing proposition and tons of work where you will lose some blood. What exactly is the allure? That you are going to work your ass off and the CME is going to rig prices so that mountains of grain either sit in a pile that rots or is never harvested. Do you not see the problem here? I love being underestimated and that is one of the keys to victory in any fight.
+1000
stop farming and see how much CME bullshit trade can buy in terms of grains and corn
the whole system is one fucking fraud
producers get scammed every day so that the paper pushing mafia on Wall Street can sip Crystal in the backs of their latest Bentley Continentals
+1000 back to you Walkure because it seems like you are seeing what I am seeing. I have another phone call to make I think I might like this one. Only 39000 miles? No one said that I can buy only one of them. I want a bigger truck that one that is one cool. Engine problems? No it is isn't. Your carb is fucking plugge with varnish. That can be cleaned out and I can do it. That is a one cool truck but it is much smaller then what I looking at. I the wife that this would her truck and she looked at me like I was nuts. You just lost 65% of your rubles value and all I am doing is looking for old grain trucks.
I am the asshole again it seems. I really don't know what to say. Can't anyone else see what I am doing? Many ZHers do understand. My wife can not figure this out. You already know that I have guns, gold and silver so what is the last thing to add? The sad thing is that I have been looking at those grain haulers for a a couple of month now. I have made a lot of phone calls and talked to a lot of folks. It is two things that you learn. One is that the guy selling is so old he can't walk anymore OR it is one of the progeny trying to liquidate their parents property. That is what it is. I have no reason to lie. I can't help that people have lied to themselves.
Fuck that bullshit.
These are mostly bucketshops closing after hours trading (aka closing derivativeshop). I would think the interbank fx market in europe/russia will open again tomorrow. The guys on the street are the first one to go when the inhouse markets cracks and figths. Crimibus was just in time legislation for the latest addition to the grand theft finance game. Derivativebusts episode 2.
They should just define the ruble as a ratio/weight in gold, and be done with Western fiat ponzi scheme! Hang all the gloablist scum who has built Western kind of "fianancial intitutions!" They are all cabal workers -- moles and 5th column! Kill them and be done with it!
// '; filtry.appendChild(div); }); })();]]>This is just payback for Sept 11, 2001 and 2008 financial attack.
Its a bitch that's divorcing you with 5 kids and is going to bend you over the way you did to give her those 5 kids.
And no that ain't my sitcheeyashun. I've just listened to friends of mine who've gotten divorced with kids and they look broken. Broke yes but i mean broken like a man who lost his faith broken.
Hey 69...Have I got the perfect song to go with your comment...Its just too good to pass up...go to youtube and search "Sting im so happy i feel like crying lyrics"....enjoy
Coast- i couldn't even possibly understand from a personal experience perspective that of a divorced/divorcing man. The man is absolutly screwed which is why i have never been married and i hope not to.
Nothing against the institution but i have very little faith that i will find such an extrordinary woman who i can trust let alone live with for the rest of my life. Wish it were true but ive experienced otherwise.
If i understood the video and lyrics it was the guy was crying that he was gettng divorced but because he got dual custody and seperation that he was now happy that he was no longer married and he still had some relationship with his kids before the mother poisoned them against them. Sound about right?
Full disclosure here. I did let go of a good woman quite a while ago but that was before i escaped the matrix and im not so sure a woman would put up with a man going throuhg that unless they went through it together.
the plunge in crude is the first unpriced event since 2008. let's see how long it takes them to fix it.
the plunge in crude is the first unpriced event since 2008. let's see how long it takes them to fix it.
hmmmm... one click... two comment posts.
the Click Gods are not happy.
So the only real bet here is whether Putin throws up his missiles in desperation before or after Fed announcement?
imagine these folks in russia that got credits in USD or EUR. OMG, thei must be in a terrible postition. So, let me ask you, was worth, at the end of the day?
What is the chess grandmaster doing? taking pics of tigers? or hunting, half naked?
Yeah, while ours goes golfing or on vacation on our dime.
So....the followers of Max Keiser, Peter Schiff and ZH readers in general LOVE to brag about how countries would be better off without the dollar. That America's power is basically vaporware. That people should go back to gold backed currency system etc...etc... and etc. All of that sound really good in theory. And people feel really good posting this theory in forums. It makes them feel that there is a solution out there, it is just not being implemented. Well now we have a real example of what happens when a country decides to mess with the big boys. Russia had 2 cards to play against America OIL and NUCLEAR POWER. America is showing that we can put the price of oil where we want. For as long as we want. We are showing them that we can put the Ruble where we want also. So the question is. Why Russia don't implement all those theories people post on forums (here on ZH and elsewhere) and give the finger to the USA? Why they don't back the Ruble with gold ( gold standard) and smash the dollar? The answer s because those are just theories. Russia can't back their currency with gold because everybody would buy the currency at first and redeem it in gold. So the currency would raise in the beginning but after the gold is gone the fall would be catastrophic and the gold....gone. he fact is that Russia a country without decent industries, banking, or agriculture to supply its internal market decided to poke America ( and Europe) which are good in all those sectors. Putin SEVERELY underestimated the power of the west. Te nuclear power is still there but the question now is if Russians are willing to destroy the world in order to prove a point. I see Putin killed or ditched by Russians themselves.
The commments stated that Russia should only accept Gold in exchange for Oil/Gas.
The US may be able to influence the oil price but did it really want to cut the legs off the shale market and its financiers. They have to trade end to end in dollars so get the full price hit. With the rouble crash the Russians in rouble terms are making more money than they did a year ago. Not sure that was the way the US wanted that to play out.
Forget gold, its easier for the Russians to price oil/gas in roubles, then watch the scramble.
I'm sure the Russians don't want to destroy the world. They couldn't anyway, the US has a head start on them.
Unfortunatelly they import pretty much everything. And the most important product they export is getting less and less DOLLARS....the same dollars they have to use to pay for their imports. Rubles don't matter....they don't even need to export to have it...their government can print it.
What is it again that Russia did to piss the US off so badly?
Someone jog my memory because I cannot really find any reason to blame Russia for anything lately.
The US is big fucking bully and someone, somewhere please just drop a fucking nuke on Wall Street for starters.
What comes next cannot possibly be any worse. US politics come out of the anus of humanity.
Without America and a good number of Americans, the world would be a better place.
America just walks over everyone and everything and then pulls out the Wiener to let go of a big stream of piss.
Fuck America.
Fuck you cocksucker. Fuck you again.
Get dressed and out of your mom's basement dickhead
Blame Canada!
To me, your complaints seem to focus on one US culture in particular (the Yankee culture), which many here in the US also find highly offensive. The Yankee culture (and their offshoot along the west coast of the US) has a core belief that they not only know whats best for everybody else, but that it is their mission to ensure that their will is carried out with religious zeal. Most US citizens would be perfectly content to leave everybody else the hell alone, and in turn, be left the hell alone. Not Yankees though.
Fuck the American Federal government. That's better than a blanket fuck America.
This all happened because Putin gave Edward Snowden asylum.
Soon the headline may be, Life Has Been Halted!
What does alignment mean?
It absolutely amazes the learned observer in seeing these evil things from the zionutzyville hasbara here pretending to be something more than a pile of shit and doing all they can to spread their hate to instigate hard feelings between the Russian Folks, and the American People.
Typical dog-yard poop and ancient methodologies that are as outdated as the silly idiots here who waste not only their time and energy in this instigation of moar war for zionuttyness and the wickedness of profiting from war, chaos, and destruction, but also that of the fine contributors here. It is hard to fight a coward that hides behind the rothchild skirts teasing and taunting knowing daddy will defend them to the death. At this time in history it is a race to see who takes these asswipes out first. The defenders of righteousness, or their own master slavers that have given the world a pile of shat, and made everyone believe it smells like roses.
Hey arseholes, your day is coming. We are tracing and tracking your whereabouts and will expose you soon as the sewer rats and scum-lords you all are.
NOW HEAR THIS!
Everything under the sun has been co-opted by the rothchilian empire of dust. There is NO ONE else that is responsible for the things that are happening in the world of warcraft today. Here is a long list of the puppets in places like the cfr, bild, tri-lats, and positions of governmental power. The saudis, europe, england, and the usa are all owned by the progenitors and probagators of the money-god. Everything happens according to the long aged world domination plans of the money-god creators. Stop wasting time pointing fingers at the ZONK (zionutz of nonessential KooKooville) puppets and paid off butt licking mercenaries of the overlord masters. Or in other words, stop whacking at the branches and go for the roots of all evil itself.
Every sane person in EVERY NATION should stand up to the plate as one family, and tear these evil satanic/luciferian roots right out of the earthly ground they have infested for centuries too long. Not yesterday, but RIGHT NOW before they kill off every soul on earth. It's a race and who is winning it now? The money-god, and it's slave exchangers. Surly, there are many here with vast multitudes of Light/knowledge to share about how to end the support and patronage of these evil things that profit from death, and destruction?
Is the worldwide-brotherhood of Man going to continue to be the “useless idiots” for these assklowns, by continuing in the supporting and holding up the idols and banners of evil, or will they all unite WORLD-WIDE and just say, no moar! Enuff of the kow-towing to the destruction and death they have planed for everyone. Who lives, to pay for their own slow death? Not a single slave will escape the final solution if they are continually supported, financed, ignored as the world threat they are, and allowed to do it to the world's Peoples...one day at a time.
Mandate: Sir Tyler, you kicked so many of us off this site for speaking our truth about these evil things when they bitched and cried at you. How about cleaning them out of ZH so the rest of the good world folks here can share their truth without the distractions of these evil wicked horrid nasty money-god freak tribal slave shit flies.
Much truth in your post. I don't see the discord between Americans and Russians.
If you like your rouble you can keep your rouble! (As a matter of fact, now you HAVE to keep your rouble!)
The banks and $debtors may be looking to move to a higher floor with opening windows but meanwhile over on the gas/oil desk in the Ministry of Energy in Moscow they have the champers already on ice.
The gas price hasn't moved much (most commentators forget gas) and their gas:oil revenue ratio, priced in dollar terms, used to be about 30:70. I don't know what the proportion of fixed/spot contracts are but in rouble terms the mix could be closer to 50:50 now. On fixed price contracts Russia is doing fantastically atm, better than anyone else in the world once their income is repatriated into roubles. On main street Moscow they may be getting inflation hit in the wallet (much trade is done in dollars) but roubles are pouring into the State coffers.
Now would seem to be a very opportune time for Russians overseas to cash in and take some of their wealth home. Oh, wasn't that what Putin suggested a few weeks back, with no questions asked? Even more attractive now, what a coincidence. Looks like Russian assets are on Christmas SALE.
Russian hookers won't like that their assets are losing value.
reminds me of how the Hunt brothers were dealt with
Astute comment; maybe correct too.
Is there any oil left in the US strategic oil reserve? Is it mission accomplished yet? I thought that oil was supposed to be used only for a domestic emergency, LOL.
Oh Lawd, they done stopped selling the iPhone in Russia due to the crashing Ruble! The NSA is going to be PISSED.
Yo, lady comrades: TalkToLind has iPhones, toilet paper and feminine products. Hit Me Up, I'm wearing a long black trench coat.
Since Russia has been reduced to a 3rd world country with nukes the West's end game is to remove Putin. The money is just too powerful. The West and more specifically Europe needs Russia's resources. The West made Putin one of the richest on this planet yet he has failed to grasp the golden ring offered to him.. his replacement will not make that mistake.
Putin's going nowhere. He is FSB. And the FSB rules Russia. Twat-wads like Navalny don't stand a chance.
So what is Putin's end game? Just surviving?
He is wealthy beyond belief while the average Russian lives in poverty. As store shelves empty and prices rise the poor huddled masses will be less than pleased with their Tsar Vladimir. But that is not where his downfall will come. Russian masses only need to be set up to accept the next dictator.
His threat comes from Russian Billionaires who have firmly grasped the West's golden ring and will gladly do whatever it demands. Have to believve there are a couple blue eyed sleepers just waiting for the word. It is all about the timing and execution.
The truth is, we really don't know who is messing with the price of oil. We know that the market is fixed, manipulated and bears zero connection or relationship to supply and demand. That order of reality disappeared probably in 1973 with the first Arab oil shock. Or, maybe when Nixon depegged the US dollar from the gold standard. Either way, the world changed around that time and we still don't quite understand it. We know another fact: Wall Street is Sodom and Gemorrah all rolled into one and they now own Congress (TBTF) as if they didn't own it before they blew themselves up. They are led by shameless and obviously fearless assholes who do whatever they want. There is no fear because not a one of them has been prosecuted like Madoff and led off to jail. Were this to happen the Wall Street would be brought under control. But, Obamination has no interest in setting Wall Street against the Democartic party. He would destroy a generation of dems trying to get into congress. Mind you, Bush would have felt exactly the same way. He was too much in thrall of Greenspan double talk that no one really comprehended.
Returning to Putin, it seems to me that he's made a huge miscalculation all right but I think that it has more to do with him trying to resurrect Stalinist land grabs and destabilization of entire countries in a time when the world had decided, don't you know, that the cold war was over and we all had to play nice. Putin wasn't interested in playing nice. My sense is that the super rich, like the dreaded and very secretive Rothchild's and families of that super wealth have decided that tectonic forces have got to push back against Russia and they will do whatever it takes, including demolishing the Rubble or pushing oil to very low prices long enough to bankrupt Russia all the quicker. Etc. I think that Putin is screwed and there is nothing he can do to stop it unless he.....enters into an alliance with Iran and assists them in bombing the Straights of Hormuz......That would not be a good thing to wake up to. 9/11 would look like a walk in the park.
Its the Ben of Bernanke who fucked with the price of oil by unleashing QEx and causing hyperinflation in black gold. The Saudis are simply paying us back with hyperDEflation as all the debt flows back in the form of shale oil collapse.
I'll worry wihen I can't buy GAZPROM or gold with dollars anymore, not vice versa, are we living in bizarro world or what?
Exit the Matrix ASAP. What else can I tell you?
The matrix is the best place to be. Cipher was the GOOD GUY, Morpheus the bullshit artist.
So, does this mean that the rubles sitting in my safe, are down the line, gonna make me giggle all the way to my favorite bank?
Looks like a round trip today
Another one-day reversal.
Confirming the top is in, perhaps.
I was surprised at the swift reaction today (thought it would take longer) but my thoughts are really on what tomorrow will bring.
Not trying to incite anything but I did catch this interesting yet unverifiable tidbit following a BI link downwards.
If the freezing of interbank lending which it alludes to is for real, tomorrow should bring some very large developments at very high levels. Includes a link to original Russian-language story. For the FX guys out there, here you go...
http://www.businessinsider.com/russian-currency-crisis-rates-vedomosti-2...
GMC, baby.
I like Vlad, but I wonder if he's going to last the week.
Will certainly last this week. When store shelves empty and inflation makes food unaffordable the masses will be ready for their next Tsar. Be paitient, every good plan needs the proper timing.
When Putin is replaced the DOW will wrap her legs around a Rocket.
Dup
Haven't you figured out a rigged game yet? Guess you are the one of the losers then
Sweden’s Nordea Bank Sees Profit of €40 Million From Russian Investments…..Russian Lending Rose 8.2%
Dubai’s Gold & Commodities Xchange DGCX To Start Russian Ruble-Futures, Gold and Oil Contracts
Russia’s RUNA Capital and U.S. NEA Invest $20M In Nginix Server Hosting Netflix, Dropbox etc
Russia and Kingdom of Bahrain Hold First Ever Investment and Trade Meeting
Nissan Expands Car Production in Russia Amid Market Recovery
and more....http://newworldorderg20.wordpress.com/
Interesting article here: http://www.bne.eu/content/story/moscow-blog-russia-running-out-money-not
"$150bn of debt Russia has to pay in 2015: is the reason reserves have to fall. However, more than half of this debt ($90bn) is owned by just two state-owned companies, Rosneft and Gazprom, both of which earn hard currency for their exports and both of which are able to pay their debts out of their cash flow, so this will have no impact on the CBR's reserves. The current account surplus is enough to cover the rest."
Forbes explains here how Russias can go to Chinese banks anyway.
http://www.forbes.com/sites/kenrapoza/2014/10/15/banned-from-u-s-banks-r...
So does the above mean that this meme knocking around that russian companies have "problems rolling over debt" is rather overcooked?
Generally speaking, has the problem been Russia and China stopping Treeasury purchases this year? By not making their tribute payments this is similar to the Rus princes not paying the tributes to the mongols after they sacked Kiev.
For the pundits who want to know what this is -- it is the last ditch effort of the network of global corporate control to start a currency war, instead of what is 90-95% likely -- victory for the coalition for the rule of law, consisting of the BRICS, the G-77 and those who know who the crooks really are, and that is not Putin.
http://philosophyofmetrics.com/2014/02/18/sdrs-and-the-new-bretton-woods...
Look to the US military to see how this plays out. The new Secretary of Defense, Ashton Carter, is not strong enough to unilaterally impose a currency war which this is designed to cause. The rest of the military will not back him up. Hagel had played his hand well, and had the support of all but those Knights of Malta -- Chair of the Joint Chiefs of Staff Dempsey and Defense Inspector General Rymer, whom Hagel was busy court martialing, and that is why Hagel was forced to resign. Is Ashton Carter able to pull this off? Nah! The network of global corporate control is cooked, and fried, and we are having them for lunch tomorrow.