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China Prepares To Bailout Russia
Earlier this evening China's State Administration of Foreign Exchange's (SAFE) Wang Yungui noted "the impact of the Russian Ruble depreciation was unclear yet, and, as Bloomberg reported, "SAFE is closely watching Ruble's depreciation and encouraging companies to hedge Ruble risks." His comments also echoed the ongoing FX reform agenda aimed at increasing Yuan flexibility which The South China Morning Post then hinted in a story entitled "Russia may seek China help to deal with crisis," which which noted that Russia could fall back on its 150 billion yuan ($24 billion) currency swap agreement with China if the ruble continues to plunge, that was signed in October. Furthermore, two bankers close to the PBOC reportedly said the swap-line was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze.
As Bloomberg reported, earlier in the evening, China's Wang Yungui noted
- *CHINA IS CLOSELY WATCHING RUBLE'S DEPRECIATION: SAFE'S WANG
- *CHINA ENCOURAGES COS. TO HEDGE RUBLE RISKS, SAFE'S WANG SAYS
- *REAL IMPACT OF RUBLE DEPRECIATION UNCLEAR YET, SAFE'S WANG SAYS
Adding that China plans sweeping reforms to promote FX flexibility.
And then The South China Morning Post hints,
Russia could fall back on its 150 billion yuan (HK$189.8 billion) currency swap agreement with China if the rouble continues to plunge.
If the swap deal is activated for this purpose, it would mark the first time China is called upon to use its currency to bail out another currency in crisis. The deal was signed by the two central banks in October, when Premier Li Keqiang visited Russia.
"Russia badly needs liquidity support and the swap line could be an ideal tool," said Bank of Communications chief economist Lian Ping.
The swap allows the central banks to directly buy yuan and rouble in the two currencies, rather than via the US dollar.
Two bankers close to the People's Bank of China said it was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze.
China has currency swap deals with more than 20 monetary authorities around the world. Swaps are generally used to settle trade.
"The yuan-rouble swap deal was not just a financial matter," said Wang Feng, chairman of Shanghai-based private equity group Yinshu Capital. "It has political implications as it is a sign of mutual trust."
The rouble has lost more than 50 per cent against the US dollar this year, pushing Russia to the brink of a currency crisis, though measures announced by the central bank helped it recover some ground yesterday.
Li Lifan, a researcher at the Shanghai Academy of Social Sciences, said the swap would not be enough for Russia even if it is used in its entirety. "The PBOC might agree to extend something like 15 billion yuan initially as a way of showing China's commitment to Russia."
* * *
As we discussed in October when the swap deal was signed,
...as if to assure all involved parties that there will be enough capital support on both sides, the PBOC released a surprising announcement that the central banks of China and Russia signed a 3-year, 150 billion yuan bilateral local-currency swap deal today, according to a statement posted on PBOC website. Deal can be expanded if both parties agree, statement says. Deal aims to make bilateral trade and direct investment more convenient and promote economic development in 2 nations.
To be sure, some such as Bloomberg, are skeptical that the unprecedented pivot by Russia toward China as it shuns the west, will merely harm the Kremlin. Others, however, wonder: who will be left standing: Europe, with its chronic deficit of energy and reliance on Russia; or Russia, a country overflowing with natural resources, whose economy is currently underoing a dramatic and painful shift, as it scrambles to dissolve all linkages to the Petrodollar and face the Gas-O-Yuan?
* * *
Is 'isolated' Russia about to be bailed out by the world's largest economy China?
Perhaps, they already started...
But then again - with the BRICS currencies all turmoiling... (ZAR -22% not shown)
Perhaps it is not such a surprise as members take advantage of The BRICS Bank's $100 Billion reserve...
The punchline, however, is that using bilateral swaps, the BRICS are effectively disintermediating themselves from a Fed and other "developed world" central-bank dominated world and will provide their own funding.
We are pleased to announce the signing of the Treaty for the establishment of the BRICS Contingent Reserve Arrangement (CRA) with an initial size of US$ 100 billion. This arrangement will have a positive precautionary effect, help countries forestall short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements.... The Agreement is a framework for the provision of liquidity through currency swaps in response to actual or potential short-term balance of payments pressures.
Incidentally, the role of the dollar in such a world is, well, nil.
For those who have forgotten who the BRICS are, aside from a droll acronym by a former Goldman banker, here is a reminder of the countries that make up 3 billion in population.
Chart: Bloomberg
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No tickee -- no Rubee
Not just bailing out, the mutual defense treaty is coming up next.
Plus, this will blow the NWO away, the Eurasian Currency Unit.
As we heads toward World War 3, Total War.
And these two are the ones positioned to come out of the war on top, for a very long time
Plenty of spare/ghost cities for the war.
China should dump a few billion USD and buy a few billion rubles. The only thing stopping them is the sociopath tribe parasites. You never know the parasites might go nuclear. The parasites would miss out on the blow and whores, better to nuke a few million.
Ive said it before and i'm gonna keep saying it again. NO ONE is going Nuclear. Period. End of Story.
They still need peasants to lord over and even though they own this fucking planet they still need to eat, drink, and breath what it produces. Dresden style destructions? Oh you bet... Nukes irradiating the same planet they need? No way. The Russians and Americans didn't Nuke each other in the first Cold War and they certainly won't now... M.A.D. is one hell of a deterrent. These folks still need to eat like the rest of us... pretty hard to do when there's fallout all over the globe and total darkness.
The only way nukes would not be used is if both sides suffered equal losses. Tit for tat.
As soon as one side gains an advantage, the other will be all in.
As Ruble is now backed by oil, China buying Ruble is the same as buying oil. They will do it.
Stick a fork in the West, done.
Cooked its goose it has.
Parasites killed 6 million in the Holodormor. They would kill a few million more. Blow and hookers more important to these MF'ers.
Everyone who called Obama smart and annointed him the 'winner' may have to pause....this story has yet to unfold...
Obama is dumb or a tool, I don't know which (or both).
* * *
China bails out Russia... Just another stepping stone for China's long-term plan to get their territories back that they lost from Russia. CHINA is the better player. They play Go, Russia plays Chess.
Images of Chinese territories they will get back are here:
https://www.google.com/search?q=Chinese+territory+lost+to+Russia&espv=2&...
China will get more of Siberia in due course if they choose...
I think you are mistaken Dochen. Nobody wants to live in 40 below weather. Rather the Chinese will get the vast Australian land mass which on the coast has some of the best weather in the world. Only a bit more than twenty million people. Australia will become a colony of the worlds largest economy and expect to see millions of chinese there in the next few generations. When the dollar loses reserve status expect to see the Chinese softly pushing the USA back all the way to Hawaii. Control of Australia and NZ will also mean one step closer to Antartica and its potential rich resources. An Australia and NZ beholden to the Chinese is not far off.
The Chinese have more than made good on lost territory with annexation of Tibet etc, without Soviet criticism or Soviet support of an insurgency movement back in the day. The Chinese are looking South to extend their influence and settlement of population.
Australia is pretty empty, true that. And, yes, that is a problem for Australia. (So is Indonesia)
But, Russia is next door to China (no long ocean-going voyages). Marching distance. "Go North Young Man." Lots of single men in China. In the 1960s, China was still complaining about Russia taking "their" (historical) lands. China also uses tactics of convenience when airing historical grievences (see protests about Japan a year or two ago, no anti-Japanese riots there lately). I am NOT convinced at all that China has given up a long-term desire to get their lands back.
I am guessing that the Soviet Union never kicked up a fuss about Chinese conquests of Tibet (etc.) because they were fellow Communists at the time. And Russia does not want to open the changing-borders hornet nest...
* * *
I hear you about not wanting to live in minus 40 degree weather...
So let me get this straight:
We bombed some folks, invaded some folks, started civil wars for some folks, sanctioned some folks, and do nefarious currency FX manipulation to affect some folks.
Then why aren't those folks cowering in the corner, curled up in the fetal position waving the white flag?
Me thinks this will get VERY ugly for USSA. Obama sold the population out, which is nothing earth-shattering because let's face it: half the population can't even muster enough energy to take a friggin' bath. Lazy tards. This will get ugly. The US is headed for complete collapse, that is a given. Other nations are calculating their moves while desperate western banks impose those "punishing" currency games. Perhaps they forgot to assess the enemy. He ain't no choomin' community gangsta.
Putin's gonna fuck us all. My fat neighbor is going down cuz he's a useless tit. Couldn't hold hisself a sammich, let alone defense artillery. Ugly as I'll get out this will be.
America's .gov is guilty of many things, you will get no argument from me on that. But, out .gov is not our only threat. My guess is there are plenty of Black Swans out there (along with threats we already know about).
We're probably going to go down. But, it will us doing it to each other, not Putin. IMO.
Preparation is good. Good luck to all. Well said.
oh, america is saved. didnt u hear - they can now trade with cuba
I'm irritated.
China gets to trade soon to be worthless federal reserve notes for a piece of Russian industry? I wanna piece of that. Where do I send MY federal reserve notes, dammit?
...... Ima confused Alice........ I keep hearing that CNY presses have been outrunning all other fiat presses combined and proxies of China.gov have been translating all those slanted 1's and 0's to real assets all over the globe ........... so if i get the gist of this ..... and assuming these ru-moars are correct they slide the electronic abacus thingy more to the right or left - however the hell that thing works - then send out their buyer squads to hard hit economies all over the world and swap these little fiat electrons for real assets.......... am I crazy or is that one of the best scams since fractional reserve theftery was invented??? Really though what a scam....... on the other hand we have our western cabal stacking one on top of zeros to infinity and beyond ...... and not buying anything real ......... uummmmm ...... we're number ...one?!?!!??
Cuba went through it's "Special Period" and came out the most sustainable country in the world. The obese became very lean. Organic gardening became the main stay for the populace. Lean times, but healthy times.
When America goes through it's Special Period, the masses will be experiencing the most horrific withdrawals (from gmo junk food and texting to psychotropics and monster drinks) and it's going to get downright nasty...medieval in the streets...Hellstorm.
"Ugly as I'll get out this will be"
Indeed. And directed towards that end intentionally for quite some time. Plan accordingly, i.e. get the heck outta Dodge.
It's not the living there that will draw them, it's the natural resources. China isn't claiming the Senkaku islands because they'd like to live there and the beaches are nice, it's because of the oil beneath them.
How can one be sure, with all the fake data nowadays?
Besides, aliens living underground may have lots to say about fracking/drilling/mining, no?
One cannot stay on the surface and not dig down into the core, perhaps?
China will colonize Africa when the USA is gone. Huge continent, easy to dominate, natural resources.
China is looking to colonize EVERYWHERE. Their elites are already colonizing the US and Australia, look at all the real estate purchases. The Russians believe they still have an active plan to recapture Siberia by 2050.
In truth, the Chinese are the real threat to the Zio banking cartel.
CHina will colonize America. May already have.
You've never been to Queens, have you?
No they'll just buy it.
They've already started!!
While the bail out is hardly a big surprise, one would ask if they hadn't thought of it when they signed the treaty and held SOC meeting, etc.?
Territory disputes...War memorials...
Military drills...New ships order...
Nuclear test /EMP and readiness...
All for show / smoke and mirror?
Do we know what the PTB is planning (with the invisible hand)? Real-ly? (Executing, may be, with the visible hand).
All the dots are there, how many (of us) connect enough to tell?
Reset, then NWO...
then what?
China wants russian and siberian resources, not land mass for serfs.
China doesn't fucking care about Siberia, I would even say she care more about Japan now...
If you are so wet about China expansionism, I would rather bet on Japan: once it collapse due to her debt and aging population, they will be invaded by Chinese, at this time the US would be completely broke and will don't give a fuck about defense treaty...
It could be even made by a secret treaty, a thing like this:
USA: we own you 4 trillon debt, OK man, we can't reimburse it...
China: That's a huge problem.
USA: Yes, but you can always take my whore: Japan, invade it, we will remove troops just before that.
China: Oh great idea Uncle Sam ! Then we will start next week with the Senkaku island.
USA: Roger !
You want to know what they say about it Russians?
They say: We have no choice, and in any case we lose our Siberia? Well, in this case, Siberia will belong to our Chinese friends. Yes, Siberia may belong to China. But our Siberia will never belong to our enemies from Washington!
Agreed. There are so many ways this could play out. Russia and China patch up their differences - manpower and manufacturing, meet natural resources ... Or Russia could just decide to default on debt ...
More insanity. I kind of get why Jewish-banker-friendly Bloomberg is all over this fake story, but there's just nothing here. Is Israel in trouble financially or something?
Russia doesn't have a liquidity crisis. You can't have one unless you are in debt up to your eyeballs, and Russia is not. No amount of foreign ANYTHING matters to a country that is solvent, relatively self-sufficient and hasn't loaned out it's citizen's wealth six generations out. I'm no Russophile and don't have a man-crush on Putin. I'm just a stupid cold-war veteran that respects and appreciates the Russians for what they are and how they've been screwed lately. Fuck Crimea - I'm thankful that Putin didn't nuke Washington for machinating the current Jewish oligarch / neo-Nazi coup in Ukriaine.
Russia's non-dependence on Western bankers was designed. If you don't incessently print money or spend money like a drunk teenage girl at the mall with her parents platinum card, then you generally don't have a systemic liquidity crisis. There are imbalances created by the Western sanctions and artificially depressed exchange rates, but nothing approaching a 'liquidity crisis' and nothing China needs to remedy by their currency swap arrangements.
Do the West's Jewish bankers have some scheme to turn 150 million Russians into their indentured servants?
That's a really bad idea - the Russians ARE the embodyment of Anonymous: They never forgive. They never forget. Expect them.
Whoever launches the massive first strike wins.
My guess is that either we nuke them directly first or we find a willing psychopathic partner to launch a limited 'false flag' nuclear attack on us so we can blame the Russians. Then we proceed to immediately vaporize Russia.
The crazies are driving the bus playing a TEOTWAWKI game of chicken.
The bet is that the Russians capitulate and then it's on to the Chinese.
The owners of the herds do NOT allow their livestock to destroy them. If there's any slaughtering to be done, it will be to livestock and some of the staff.
The Rothschilds will not allow their estate to be destroyed.
One would dare ask what lord over Rothschilds and the like?
China needs to stick a fork in the bs game.
Check and mate.
Or 'Shake and Bake'...
The weaker will attack first, especially if the U.S. is the first down the chit chute. Governments are running over with retard psychopaths. Uh oh, I feel like punching up Dr Strangelove again on my DVR.
Black humor, my ass, that is Edgar Cayce and Nostredumbass type stuff except this is sure thing shit. Stanley Kubrick, you fucking genius!
What occurs naturally in caves besides bat shit? The cave dwellers will survive with the cockroaches. Any nutrition in roaches?
Only one country has used nukes on another in war right? And they were winning hands down.
"They still need peasants to lord over..."
Well, at least until robots become reliable. And that will work until Skynet becomes self-aware.
There are arguably billions of useless eaters on the planet right fucking now. At least in the eyes of the elite. Culling that herd is definately high on their list, they just don't want it to be their herd.
Regards,
Cooter
There are 535 in congress and that doesn't include the staff.
Fukushima slow-motion biosphere poisoning. Do not underestimate.
Think Nanobots, wizard.
Can nanobot make thing grow?
Yeah! Did you see the thing that washed ashore in Cali? Looks an awful lot like the Montauk Monster!?!?! (shit getting realer)
Looked like a long floating, mangy, opossum to me.
Chupacabara? ROUS?
Yeah, but you are looking at traditional ICBM nuking.
What if Putin slides a coupld of tact nukes to the resistance which proceed to melt vast arrays of enemy equipment. Everyone gets to blame "terra-ists".
Think that won't slow down/stop this Ukie shit? Without US backing, they are nothing. So, if the US goes balls deep on Ukraine, with shit tons of classic military hardware, what do you think is going to happen?
Get out a map, Moscow is not that far from Ukraine as the crow flies ...
Regards,
Cooter
Even one nuclear missile can make so that for one ruble everything in the world, everybody will be give $ 50.
Plus when they die they're going to hell so they have to stretch it out here as long as possible. Look at Cheyney and Soros for example, practically walking corpses.
And, soon, David Rockefeller will be starting his second century.
Yes, who would clean their pools and iron their shirts. Even at the peak of the cold war, the Russian delegates still visited Bohemian grove, drank cocktails, talked geo-politics, and chased young milk boys.
With psychopathic/sociopathic individuals I would not be so sure. The fact that you think it will never occur (due to MAD) means that you are normal and have normal human responses. The individuals that populate the top of politics, government and business, do not act ‘normally’. Have a read of ‘Political Ponerology’. http://www.serendipity.li/bush/ponerology_preview.pdf
"Ive said it before and i'm gonna keep saying it again. NO ONE is going Nuclear. Period. End of Story."
Murphy is laughing at you.
Party pooper
remember what the scorpion said to the frog: "It's in my nature".
https://en.wikipedia.org/wiki/The_Scorpion_and_the_Frog
That is what the swap agreements are for.
Maybe you missed it.
The russian central bank has already done that with about $150 billion USD.
Latest attempt may be what is causing the strengthening from 80 to 60.
The only thing stopping them is the fact that the rubbles will come from Russians that will then quickly transfer any dollars given to london. China would simply be mitigating the capital flight from Russia by Russians and end up holding Rubles that were worth less then they paid for them everyday that pasted.
Bankers only do stupid things like that for there own countries not foreigners.
the rubbles will come from Russians that will then quickly transfer any dollars given to london?!
--
What specific products generates London, except those that were made in China?
I think I preffer the Zio-NWO over this monstrosity. I am European and I live in Asia. You don't want them ruling the world. I have a profound dislike for the tribe and the bankster kabal ( like most ZH-ers) .....but apparently Western way of life stands or fall with them.
So rong, petrodorrar!
Sirry iriot. It's so rong, pet-lo-dorrar.
So many astute ZHers saw this coming from a mile away. I thought the chinese might wring it out for leverage over the russians, but here they are right on cue. Good for them. It was fucking insane imo to try to starve the russian populus with sanctions to implement the war in Syria and Ukraine. When Turkey (NATO) eventually turns its back to play with their new pipeline toy and Germany (NATO) becomes sane again - perhaps Snowden can help with some new revelations about the NSA/Merkel angle here - the current NWO schemes will come undone for a little while and I can unclench my back passage from the threat of another bloody war. For a little while.
I am still not 100% on board that they are all not in it together.
Global Kabuki Theatre if you will.
But, yes, I am quite nervous western leaders are so desperate for a diversion from the epic cluster-fail they are about to have explode in their faces that would start a war they can't control and might not even be able to win.
Next year is going to be a rough one I think, but I have been calling it wrong for a long time now. Hopefully it stays that way!
Regards,
Cooter
Hey Cooter! You'll have to forgive me, but as you may know, I haven't quite boarded that particular Global Kabuki Theatre bandwagon. Although it is not without merit, it's a bit of a stretch for me to imagine Obummer, Putin et al all sniggering together about their next lines on stage. Other than that, I think our worries are basically the same and we've all been anticipating the big systemic collapse for awhile now. At the end of the day, it's only money. But war is something I will always oppose for obvious reasons. It's always good to see you in the threads mate. :)
Why not? Didn't the Bush family have some construction deals with the bin Ladens? I don't remember the exact details maybe someone else can chime in.....
it doesn't always have to be a conspiracy. the politicians, regardless of the country and the ideology, have more common than they have with their citizens. that's enough to see who the real enemy of the establishment is.
Whenever it is, its coming soon. Too many pissed off citizens. Too many sheep waking up. Too little gold/silver.
The end cometh.
There is no such thing as a petrodollar.
Dollars can be used to buy peanuts, petroleum, planes, or pineapples, along with many other things.
Kim Jong Un visits his friend:
http://www.reddit.com/r/worldnews/comments/2pk9i5/russia_invites_north_k...
Birds of a feather...
(Kind of reminds me of the types Obama visits)
Fuckoff Obongo.
Fuckyu Obongo.
Which is why a hot WW3 won't happen for the forseeable future.
The only thing that may come out on top of WW-III may be a few microbes somewhere at the bottom of the Pacific.
Where is George Soros, the expert at profiting from currency wars? If Putin finds out that Soros is part of the New World Order gang hammering the ruble, Putin will move heaven and earth to end the dollar's status as the world's reserve currency.
Already in the works.
Neurosyphilitic.
Herpes induced dementia.
Where is George Soros?
Putin (as any leader) cares about his agenda/objectives. If anyone (e.g. Soros) gets in the way, they get the boot, otherwise they tend to try to keep powerful "friends" close.
None of these fuckers are church boys - they are more like the priests banging them.
Just bid'ness.
Regards,
Cooter
Putin (as any leader) cares about his agenda/objectives.
---
Your statement sounds very funny, if compared Putin with Angela Merkel or Olland.
I'd like nothing more than for Putin to plant Soros six feet underground while he's still alive. Unfortunately, Soros has been one of the undead for a while now. He might like it.
No, where is George Lucus. This will play out in the Arctic with Hoth Riders and At-Ats. It's about time. Rebels vs. Empire.
Soros is likely silent as he is still counting the zeroes to tally his profits from trading against the idiot Putin,
End of the petrodollar. But is this a surprise? It was born to die, now it buys 2% what it did in the beginning. Those suffering from normalcy bias are in for a rough ride.
Not to split hairs, but the dollar since the 70s is not down 98% is it? That is the petro-dollar. The Fed dollar goes back to 1913 and it is waaaaay down.
But, correct in principle. :-)
Regards,
Cooter
The creature from Jekyll Island, how 'bout that?
SAFE'S Wang saves the day.
China is built on debt so it makes sense to issue moar debt to fund Russia's debt.
Flood of donations to North Korea refugee resettlement charity in response to Sony's cowardice:
http://tinyurl.com/pro72d4
"Interview" promo items suddenly worth big bucks:
http://tinyurl.com/lsnbex5
Ha! Just try fucking with China the way you've fucked with Russia Obozo...
Bahahahaha... this will probably be the basis of Putin's speech me thinks.
https://www.youtube.com/watch?v=SRrNs4mlHMA
Paul Craig Roberts has the problem solved.
And it's only Thursday/ Friday. I love it.
You give us gas and we give you cheap manufacturing.
Western media is completely brain washed.
Speaking of brain washed media, isn't Putin's annual bullshit speech to the masses happening on Thursday. Can't wait for those hard hitting softballs from their free press. Hahahahahahahahahahahahaha
Any different from the lamestream western media?
Time for the US to crush its largest creditor... oh wait...
The largest creditor would be the Fed. Surely you wouldn't want any harm to come to Ms. Yellen?
Yes.
With a rebel Yell'n, she cried moar moar moar ...
Sometimes the way my mind works is annoying, so you all have to suffer with me ...
Regards,
Cooter
Don't forget canada...America's largest trading partner.
And who will bail out China?
Their gigantic pile of Gold...
How many sets of investors lost all their money building the railroads across the US in the 1800s?
There in lies a very, very important lesson.
Many went very broke, but the ones who timed it properly banked it.
Will there be a HUGE wipe out? You bet. Keep your powder dry, stay flexible, and when you are feeling frisky put down some chips.
But be sure to realize that if you do what everyone else does, you will lose your ass.
Regards,
Cooter
It doesn't help to do what congressmen and senators did back in the day; buy the land in front of the railroads and then make sure it gets steered over your land. Wasn't it like $2.1 million to build the transcontinental rr with 1/2 it being bribes?
China has been a net seller of UST for several months . The PBoC is the largest(foreign) holder of Short Term debt with Japan way behind.
If China unlaoded the financial markets would roil. China knows that internal consumption and a stronger Yuan is the way to go.
One way or another China wants to get rid of UST. The day of the $USD is coming to a close. It's a good thing.
Absolute power corrupts.
Corrupts absolutely - as America bombs countless nations while waving flags of "moral compass"
China is more likely to weaken Yuan.
Makes Chinese exports more attractive and assure that whatever is consumed is not imported.
"China has been a net seller of UST for several months ."
Flight to so-called safety = sell into strength.
Got news for you. What makes you think the FED wouldn't just buy all that paper for pennies on the dollar? Then what does China have? You also fail to realize that China is owned by Dollar Inc from with in. These are globalists. They are not beholden to China or England or America. They want an entirely NWO (which is all ready here). They just haven't put the top stone on it.
YC
And the dollars hasn't been this strong for a dozen years.
The timing couldn't be better for China to cash out.
And if the strong USD was the brainchild of Stanley Fischer (who wears the pants at the Fed) he will soon find out that it's much easier to turn around a dinghy like Israel's economy than a Jumbo tanker like America's.
Oh and PS - Obviously Russia isn't selling their gold especially if the Chinese are there to save them with their paper... that was a moronic article to even put up here as it was.
The Russians didn't buy a shit ton of gold in 2014 only to sell it at the end of the year.
Agreed. Common sense says they continue stacking; as shall we..
Exactly how much is a 'shit ton', Bob?
Did you pick up this term from your experience with pig farming?
https://www.youtube.com/watch?v=srq_MbsUTuM
"Did you pick up this term from your experience with pig farming?"
Probably from reading all your posts.
Alright you douchebag troll here ya go...
"Russia’s central bank bought about 150 metric tons of the metal this year, announced Governor Elvira Nabiullina yesterday. The pronouncement immediately created buying in the market, prompting gold to rise to a two week high at $1,200 an ounce."
http://www.zerohedge.com/news/2014-11-19/gold-rises-after-unusual-russia...
Just to review...
A shit ton is now defined as 150metric tons
And the shit winds are a coming...
Will you move to Russia to help Vlad on the pig farm?
You're going to wish you had a pig farm when you're soon starving to death in America, fucktard
Amerikan Patriot likes to call everyone "Bob." I think I've figured out who Bob is.
When I was in high school, there were these twins from the trailer park named Bobby and Robby. No joke, those were the actual names on their birth certificates. And yes, we all assumed their parents used meth. Anyway, Bobby grew up to be a normal man, and Robby... well, Robby became Roberta. Went through the whole reassignment thing, though everyone doubted it was high-end work.
After the deed was done, all Roberta could think about was Bobby and the fact that he still had an intact dick. Roberta is now consumed with jealousy and "sees" Bobby everywhere he/she looks. That bastard is still packing, and it just isn't fair! When Roberta looks down, there's nothing but a Ken Doll bump and a line that was drawn on with a Sharpie.
All the signs are there. Amerikan Patriot calls everyone "Bob" because Amerikan Patriot is Roberta. Moral of the story: Try to have a little sympathy for Amerikan Patriot. It can't be easy being dickless.
10/10 from all the judges?!? Congrats McMolotov!
(IOW +1)! LMAO!
Torvill & Dean just rang... they'd like to donate their 10s also (OK ice dancing is scored out of 6, I know... but ehh).
SIM is a turnip specialist.
I bet you fags are in the same room with one hand on the mouse and the other on each other's cocks. SIM and Bob,,,,,or is it Kneel and Bob?
You don't answer the question by spitting out vulgarities.
Have you run out of CNN articles to copy 'n paste, Bob?
SIM,
You just presented exhibit one on why not to do business with the Putin government.
He was been planning the Ukraine invasion a year ago.
Knowing that the ruble would turn to worthless after that started, he just did some front running based upon inside info. Notice that those gold ounces were not used to back the currency. They were done to scam ruble holders.
I realize that all or most of us can do the 5th grade math, but at $39M per ton, that's about $5.8 Billion for 150 tons. A 'mere' $5.8 Giga?
Sounds like it's a lot harder to buy all that gold discretely than to pay for it.
If we take the math fun a step further and use it to back a currency at 20%, it backs close to $35 Giga bucks. Still not that much.
Which tells me that when the Levee breaks, that Gold needs to be priced a LOT higher for the numbers to make sense and the gold-backed system to work.
Thank you.
How long do it take for the Fed's printers to jack that out?
Mr. Lahey, is that you?
A 'shit ton' is moar than a 'fuck load', douchebag.
SIM,
Do your hold some in each hand to calculate the exchange rate?
Actually we weigh it against your incredibly tiny penis that is a perfect ounce. Go get the tweezers. We have another shipment from APMEX to verify against your ounce of a penis......
FUCKFACE
Do your own damned homework next time.
Shit Ton Definition
Metric Shit Ton Definition
A "shit ton" is more than a "crap ton" and less than a "fuck ton"
Hope that clarifies that for you.
And sell it for a shit ton of USD that Yellen just printed and are still warm.
Don't burn your fingers, Amerikan Peerot
Cuba relations is very interesting in its timing.
Taiwan 'relations' will be even more interesting.
Did the CIA plan the Hong Kong protests to be a prelude to the elections in Taiwan?
The results say they did.
Been waiting for this announcement.
Still believe it's alll about the energy umbilical between the two.
Although they'll try
Don't think there's much the west can do
to these two working together
China is the one entity that could counter the Vampire Squid's political/financial attack on Russia, and the citizens of the world should hope they do. This Wall St. hegenomy over the world is not good for anyone, as the American middle class has learned over the past several years.
I think when this site was just starting someone said something like
I can't wait for the communist dictators to save my capitalist democracy
One problem: the American middle class did not learn.
Americans didn't learn didley-squat.... which is a lot less than a shitton or a metric shitton.
China is part of the squid. They're in on the game and the take. Been that way since 1971. Thank Kissinger and Nixon.
"May you live in interesting times."
Meant as a Chinese curse, I had heard, but sure is entertaining
this explains the meaning
https://www.chinasprout.com/community/guestcolumns/21
I have reached a likewise conclusion on that quote
no Chinese I know knows where that phrase came from in Chinese
and none-English speaking Chinese(in China) aren't even aware of the phrase's existence, the only ones who's heard of it are ones who speak English