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Russian Central Bank Releases 7 Measures It Will Take To Stabilize The Financial Sector
In its latest effort to counter financial instability - and show its commitment to maintaining order and support for the economy - Russia's Central Bank (CBR) has unveiled 7 new measures... Ranging from bank recaps to measures aimed at helping manage interest-rate and credit risks, the reaction in the Ruble is positive for now... as perhaps, taking a lesson from the US, The CBR removes Mark-to-Market accounting for various credit instruments.
The Central Bank of the Russian Federation (Bank of Russia)
On measures of the Bank of Russia to maintain the stability of the Russian financial sector
1. The Bank of Russia will introduce a temporary moratorium on the recognition of the negative revaluation of securities portfolios of credit institutions and non-credit financial institutions, which will reduce the sensitivity of market participants to market risk.
2. To limit the impact of the revaluation of foreign currency denominated assets and liabilities on prudential requirements of credit institutions, the Bank of Russia plans to provide credit institutions temporary right to use in the calculation of prudential requirements on transactions in foreign currency rate calculated in the previous quarter.
3. The Bank of Russia will improve the mechanism of credit institutions in foreign currency. Within the framework of a currency Repo planned additional auctions for various periods of time if necessary. As part of the mechanism for providing loans to credit institutions secured by non-marketable assets (according to the Regulation number 312-P), is scheduled to begin providing loans to banks in foreign currency, secured credit claims in foreign currency to non-financial organizations.
4. The Bank of Russia considers the central counterparty on the Moscow Stock Exchange as an important institution for centralized distribution of liquidity among all financial market participants - both credit and non-credit financial institutions. To ensure the sustainability of the stock market for the Bank of Russia, if necessary, will provide support to the central counterparty on the Moscow Stock Exchange, market participants have confidence in the reliability of centralized clearing and continuity of its functions.
5. To empower Interest Rate Risk Management The Bank of Russia plans to:
- Temporary (up to 07.01.2015) not to apply the restriction values of the total cost of consumer credit (loan) at the conclusion of credit and microfinance institutions in consumer contracts (loan);
- Increase the range of the standard deviation of market interest rates on deposits in banks from the estimated average market interest rate to a maximum of 3.5 percentage points (instead of 2 percentage points at the moment).
6. To enhance the management of credit risks, the Bank of Russia intends to:
- To give credit institutions an opportunity not to impair the quality assessment of debt service, regardless of the assessment of the financial position of the borrower on loans restructured, for example, in the case of changes in the currency in which the loan is denominated, regardless of changes in the maturity of the loan (principal and (or) percent ), the interest rate;
- To give credit institutions an opportunity to make a decision on non-worsening assessment of the financial position of the borrower for the purpose of provision for losses if the changes in financial position due to the action imposed by individual foreign countries restrictive economic and (or) policy measures (Annex to the letter of the Bank of Russia from 21.10.2014 ? 184 -T);
- To increase the period during which the credit institution has the right not to increase the size Actual provision of loans to borrowers, financial position, and (or) quality of debt service, and (or) as collateral for loans has deteriorated as a result of an emergency, from 1 year to 2 years.
- To increase the period during which a credit institution can not form a provision for possible losses on loans for investment projects, while maintaining other existing minimum reserve requirements set depending on the number of years, the lack of payments on investment loans or entering the minor size;
- To cancel the increased rate risk with respect to loans to leasing and factoring companies - participants of the banking group, which includes the lending bank;
- Introduce a reduced weighting factor of risk for the ruble-denominated loans to Russian exporters under an insurance contract EXIAR (Export Insurance Agency of Russia).
7. In order to maintain the stability of the banking sector in the face of increased interest rate and credit risks of a slowdown of the Russian economy the Bank of Russia and the Government of the Russian Federation prepare measures to recapitalize credit institutions in 2015.
* * *
So far a modestly positive reaction the Ruble...
and Russian Stocks are rallying...
Are traders greatly rotating back to Russia?
Charts: Bloomberg
»
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What a fool Putin turned out to be. Obama just kicked the shit out of him and he just stood there and got his face beat in.
7 Measures
There's that number 7 again.
We need an wrinkled old orange woman to read them out to make the image complete.
People can deny reality if they want, but Russia is getting pounded into the ground. Where is Putin's response? Oh, wait, he has no response.
No selling oil for gold, no hack attack, nothing. Maybe his is a tool of the banksters and can't respond without their permission.
“Gold may come under further pressure because of Russia,” James Cordier, founder of Optionsellers.com in Tampa, Florida, said in phone interview. “Oil prices are not on their side, so now the next option they have for raising cash is selling gold. There is some talk that the country has either started selling or is making arrangements to sell their gold.”
To contact the reporter on this story: Debarati Roy in New York at droy5@bloomberg.net
To contact the editors responsible for this story: Millie Munshi at mmunshi@bloomberg.net Bob Ivry, Patrick McKiernan
I don't want to feed the troll here, but to state the obvious, there is quite a bit of historical evidence to show the Russians as a culture can handle a couple years of hardship as a sacrifice for getting what they want. Not saying it will be fun to live in Russia but Putin doesn't give a shit about that.
So, perhaps I have given too much attention to a ludicrous post, but it looks to me like the world is headed into a nasty bout of deflation and I'm guessing the average Russian citizen is going to suck it up like they have every other time.
"What doesn't kill us only makes us stronger."
If Putin & Russia pull through this, then what?
ZH became a "Voice of Putistan".
The Putin Russian economy is collapsing, Ukraine is becoming another "Putin Afghanistan, Ruble is a junk currency but Putin is great. He is about to shoot himself in the back of his head. Well, it might do some of his close associates.
As I said many times, Putin is just a Russian Saddam Hussein.
PS
Putin is definitely neither Lenin nor Stalin. Lenin was a grandmaster of revolutions. He stated bluntly: "Any delay or hesitation is an equivalent to death."
Lenin was a grandmaster of revolutions (when he had German money paying for it), but a catastrophic ruler, just like Stalin (millions of death by famine and purges)
It's relatively much easier to blow up a system than to rule one. Putin has to rule, possibly without illions of his people dying by starvation.
Seriously, lionizing Lenin and Stalin? By that standard, the North korean dictators are the greatest rulers on the planet right now.
You are right both Lenin and Stalin were monsters like Mao in China. Nevertheless, both Lenin and Stalin kept Russia from a disintegration and its people from extermination (similar to American Native Indians).
The problem with Putin is that he is a thief, a thug, a gangster, and a low-life man. He is just another zionist mafia puppet with fear and disdain for Russian people. The sooner he and his regime is gone for good the better for everybody. I am confident that he will not be around in 3 to max 6 months.
PS
Indeed Lenin was a German agent but he has preserved the Russia as a state and gave Russian people a chance to have a future.
"both Lenin and Stalin kept Russia from a disintegration and its people from extermination"
Lenin caused the original disintegration of Russia, and no person in history ever exterminated more Russians than Stalin.
Revenge is a dish best served cold -
"Maybe his is a tool of the banksters and can't respond without their permission."
^this^
Well, if you want to play at this: 7 and 40 are important number in Christianity, 6 in Judaism (David Star who is two interleaved triangle), 5 in Islam (the 5 pillars) but also Western magick: the pentagon: up white good magick, down black satanic magick, 8 (two interleaved square each other) in pre-Islamic and early-Islamic Jewish-Arabic origin magick and Kabalah, 21 in sun/fire worshiping Kurdish region: look the sun on the Kurdish flag (Zoroastrianism), 2 and multiple of it (Duality) in Taoism, Buddhism and other Asian rituals...
You can add the Golden ratio or the God footprint in nature who is (1+Sqrt5)/2 ~~ 1.6180...
In short: humans have always associated numbers with religious/spiritual and magick stuff, it's not new...
Which power are you fighting, exactly?
This isn't my fight, but the way Putin was built us as a chess master and grand stratagist his lack of response shows just how weak Russia and its leadership is.
Your not a very good troll. You got to learn how to piss people off with your words instead of just sounding stupid.
Regards,
Cooter
Your words show that you are some kind of political hack. Do you know what you are talking about, or are you just regurgitating this nonsense from a script?
I thought Amerikan Patriot was Tarabel's lovechild. Maybe I was wrong. Maybe there's more than one?
Cloning, Vern.
But I do think it's okay to let the Okhrana have their relief postings simply because events will not bear out today's blip and they will sound doubly disconnected from reality when this propaganda campaign fizzles out.
Remember yesterday's big meme that Grandmother Putin was invoking the dreaded "Samson Defense" and deliberately destroying his currency to take down the west? What did you think of that ridiculous trial balloon?
All forgotten in the relief of today. But something equally ridiculous will be concocted tomorrow when things go south again.
Also note the new meme that anybody who thinks Russia is cooked is a paid tool of some evil organization-- but the Russian grandstands parroting their chess vs. checkers canard are all free-thinking individuals.
Now if you'll excuse me, I've got to hop over to Leonard's cubicle to look over your latest batch of twitters. Very dull and slavishly derivative, of course, but they want us to verify everything nowadays. Beautiful day out here in Utah but we aren't allowed any windows for obvious reasons.
Hey, fightpower, you're around a lot tonight. Which USG Institution precisely are you trolloing for??
I've been on this board since 2007, search my previous comments and you will see, I'm not a fan of the US Government or the banking system. I just see the facts as they are, Putin is getting his ass kick and has not responded.
It is true that you have been around a while; however, this site did not exist in 2007. Maybe you meant 2009.
Unless he is counting the old blogspot days.
http://zerohedge.blogspot.com/
Regards,
Cooter
EDIT: Blogspot only goes back to Jan 2009. I thought ZH was around in '08?
I am.
Overruled by the Way Back Machine (oldest archive of their blogspot site):
https://web.archive.org/web/20090216112312/http://zerohedge.blogspot.com/
I recall seeing ZH first in '08, but that does not appear possible unless there was another blog before blogspot.
What is my name again and why does this room smell like urine?
Regards,
Cooter
First post was in January of 2009 on blogspot. He may have been posting somewhere before that but ZH started in 2009.
What is my name again and why does this room smell like urine?
+100
Russian stocks up 17% today.
So you're saying the opening battle decides a war ?
Didn't work for the Germans when they bombed Pearl Harbor.
Get back to us in six months if you can.
or in two years
Could be five.
Was having this conversation this am with Lady C.
Even our oligarch clients are in total denial of whats happening.Cog dis. seems to run across
the whole spectrum
Interesting, epescially as one owns a lot of Ukrainian farmland.We are going out to Dinner with them
shortly, so I will gather some more in depth insight..
They will be farming unexploded ordinance at the rate things are going ... I hear that market is very "volatile".
Regards,
Cooter
lol. WC, it is hard to digest what is happening
The war has been going on for a long time. The current push started with Iraq1. This is just the current battle and it is an important one. They are past the proxy nations and allies of Russia (all of whom Russia abandoned and watched be butchered) and are now at Russia's borders, or close enough, for the impacts to be felt.
Do not confuse the current battle front with the war.
"Didn't work for the Germans when they bombed Pearl Harbor"
Japan dude, Japan...
The Japanese bombed Animal House, dude
Shut up, he's on a roll.
2007? lol
6 comments in 5 years (all in 2014)........thats alot of fucking comments......
Im seeing alot of this lately.......
Zerohedge purges post history every so often. It used to keep a complete record but now it goes away. Mine goes back to the start of December, I know I posted in November, October, and September but the posts are not keep in my history.
You can always ask The NSA for back copies...
thanks fuu..............but does this guy look familiar to you?.......Ive been reading the ZH comment section since mid 2010 I cant say I recognize him.......
If you guys really want to go "conspiritorial", think like this.
Some government goon wants to influence hearts and minds on ZH, so he has a geek write a bit of simple software to spider through all the ZH content and commnets since the dawn of time. Just like google does. Then, you simply build a list of all user names (i.e. anyone who ever posted at least one comment) and how many comments are associated with each. Sort the list from most used to least used factoring in the time of the last post.
You now have a list of unused account names (how many - I have no idea). Then, you simple grab the 10,000 most common passwords used by people..
Why don't you go check and see if YOUR password is in the list.
https://xato.net/passwords/more-top-worst-passwords/
A bit more code and each unused account can be attempted with each of the 10,000 most common passwords. This could be aggressive, and get noticed, or very casual over a month or three and go unnoticed. A successful automated login means the account is lifted, its email address changed, and the geek gives the goon the information.
This is really trivial stuff if one was inclined to actually do it and it relies on the fact that most people choose dumb passwords.
Regards,
Cooter
Some of us were doing something similar before 2014. I have an archive of the first few years laying around. We used it to track trolls across their accounts by analysing their comment styles. Then Sac changed the archive and post history so we lost that tool.
There was a time when you would laugh at that being a possibility but NSA is getting that desperate!
If accounts were ever compromised to that extent it would come right back to there own "doorstep"... Plenty more "Snowden(s)" in the woodwork at Ft. Meade still wearing a badge that would be pissed off by a move like that as well. If anyone think Snowden did all that handy work with a thumb drive before he skipped town I want try some of the crystal meth they are on!
They will just create another emergency and shut down selected sites like Zerohedge first until they get enough pushback from everyone who visits it which will only amplify the PR for the site and site(s) like it.
First Amendment's in our DNA whether the government violates it or not!
Yes he has posted before December 2014.
The whole world is like the Truman Show.
Love all those +1 votes for @fight and -1 against. Pathetic. Trolls need to be smart not stupid to be effective.
He derailed the conversation "above the fold" so maybe it is mission accomplished. Short attention spans and all that.
Regards,
Cooter
Seems to me that Putin isn't falling into the trap that has been set for him. The collapsing west needs a boogieman and so far Putin has been really calm , cool, and measured in his responses. Watch as the west ratchets up the propaganda as their end approaches. The best thing he can do for Russia and himself is be patient until the west collapses. Obama, the west and the tbtf's are their own worst enemies. It is just a matter of time. the worst thing he could do is make hasty knee-jerk reactions. Putin is definitely playing the long game.
Yup, agree 100%. The west has been trying to start a war so they have cover for the disaster they created for years now.
Ukraine is going hot though I think, so that is going to be a tough one to watch him keep cooled down.
Regards,
Cooter
I'm reminded of an Art Of War line: (Paraphrasing) Don't get in the way of your enemy when he's in the process of destroying himself.
The troll is living proof...showing how pissed he is that Putin hasn't done anything. Why hasn't he done anything, waaaaaa!?!?!
Because he knows what's going on in the West and will just sit back and wait.
Maybe he's popping popcorn...
Putin is definitely playing the long game.
Then I'll have what they're having!
https://www.youtube.com/watch?v=wY0-FQ1My9Q
"Putin is definitely playing the long game"
Yup he'll play the patriotic game and the Russian poeple will follow him. Vlad knows Obozo is an idiot and a coward.
He's looking to the next US Prez for a fair fight.
Perfectly stated.
And interestingly those calm, cool, and measured responses are so far the most unsettling for TPTB.
You remind me of all the Clay/Ali haters who gleefully declared he was getting his ass kicked as he rope-a-doped around. What you don't see is telling.
What you don't see is telling.
jh
The longterm strategy is for Fischer and Yellen moving forward? The driving peddle cemented to the floor with ZIRP and QE!... Oh and a string of ABM missile batteries situated on every border of Western and Eastern European Countries with a "buulseye" on them -just in case!
This is not over yet. This crisis will give russia the excuse necessary to introduce a new ruble.......then you will see.
This hasn't even fucking started yet.
Yes sure cannon, and Santa will be brining you that lump of cole this year, before the Easter bunny leaves a nice solid excrement bunny for you
Deal, your hero Putin just got punked badly
When is offical that WWWIII has started?
You don't judge the game til the fat bitch sings. She'll be back at 2PM.
Really fucking disappointed that none of these "measures", I said NONE, involved the distribution of Spiderman towels to those willing to take a risk on the ruble.
Going to be a tough sell.
Russians are the best chess players in the world. And the Chinese are Nr 2.
http://ratings.fide.com/topfed.phtml
And Ukraine is third just above USSA, LMFAO! But that margin by the Russians is pretty amazing...
I think it's a bit premature to call Putin a fool.. you could say that if he ended up in The Hague or with an AK-47 shoved up his rectum which was the case with Gadaffi. This "grand chess game" is not over yet.. as the saying goes - he who laughs last, laughs longest. I wouldn't bet against Putin just yet...
Who can deny Russia is realing?
Keep it real, man.
So a fighter standing in quicksand lands a punch on a fighter standing on a rock. Keep swinging and sinking.
when you learn how to spell, come back. lmao
Oh dear a gramma nazi. Your try typing on a subway.
Realing yoo sey?
Ewe reelly believe that?
There is a lot Russia can do to cause major blowback. They probably are waiting for the lemons to reach peak fitness before turning this thing into lemonade.
localizer, Thanks for pointing out Gadaffi. You should understand that Gadaffi and Libya were allies and great friends of Russia. Russia played Gadaffi's life and the blood of Libya as nothing but chess pieces (pawns) to be sacrificed once the bullets and no fly zones started. This is how Russia has treated all of it's friends once they are attacked by the US/Israel. Now they are at Russia's borders. These actions (or inaction) by Putin and Russia leaves Russia alone, and China is wise to this tactic by Putin and will not extend itself out of fear of also being so used and then abandoned.
Just think how strong Russia would be right now if Russia had acted and protected Iraq, Libya, Syria, Serbia and so on. Then they all could stand together and say no oil sold for dollars.
As far as those above who have commented that this fight has just begun, that is very incorrect. This fight has been going on for a long time and Russia has let each proxy attacked be slaughtered. Now the battle is close to Russia's borders which anyone could have easily predicted. Bullets may not be fired across those borders, although covert actions within Russia will increase, but NATO missiles will be there.
Crimea is Russia's only success, and it was a critical one. Question, once the new weapons as supplied to WUk and the fight resumes, will Crimea eventually come back into play?
Stumpy4516, you make some valid points, however, I need to remind you what happened with Syria specifically. Fact is Russia actually prevented the bombing of Syria by engineering the chemical stockpile destruction program. If the Russians didn't intervene back then Syria would have been completely destroyed by now. That being said, I do agree that the Russians have made a number of mistakes with a number of those countries you mentioned. Honestly though there's very little one can do with the oil as long as the Saudis are under US protection... and talking about "friends" we know all too well how the US has treated some of its own "friends" in the past... you are friends as long as you're needed... once you're not needed or start pursuing your own agenda that is not in line with the key planners you're getting screwed one way or the other..
Planes from the west now fly over Syria and bomb targets. Israel flew two jets to the outskirts of the capital and bombed targets. A large portion of Syria's air space is now an open fly zone for the west.
Syria is greatly destroyed now. And it keeps getting worse. All that is needed is a strong final push with clear air support. The west is not ready to be that obvious with the support as ISIS is the excuse to bomb and they need time to change ISIS in Syria into a new name and then the good (or better) guy.
The US uses it's friends and when they stray they kill them. But it is the US doing it, they do not allow Russia to do so to countries the US controls. The US does not destroy the country typically just kills the leaders. Then the US installs a new US friendly leader who follows orders. Not very nice at all but different than Russian lack of action. Result, a country still under the influence of the US that can be used and who's resources can be stolen. The Russian allies are attacked by the US, totally destroyed, put under US military control and the resources mostly taken for profit (Russia is removed).
I understand what you're saying yet I'm not sure what you're suggesting is feasible in practical terms, you're basically suggesting the Russians should go in with a military force into Syria? That would cause a shitstorm... the reality is that the Russians cannot afford to engage militarily around the globe (like it was the case of USSR, when USSR was basically involved in several smaler wars around the globe vs the US, e.g. Nicaragua etc.). What the US can do ther others cannot... that is the reality of this situation and until China gets rid of 13% of the FED paper the situtation is not likely to change soon.
The US took down Russia's allies one at a time. Russia could have been there and stopped it at the beginning each time. For example Libya. Russia could have quickly moved in assets and taken control of the sky. Russia could have refused the nofly zone and shot down any NATO plane that tried to support the rebels. Russia could have easily then bombed the bases, supply lines and convoys of the insurgents. With that support Libya could have done the rest on it's own. In each case the fight started slow and could have been contained, the fight was from external sources not internal.
My memory is not clear. Did not Russia go along with some of the sanctions against Libya, or abide by them?
Some say Iran is protected by China instead of Russia. I think we shall see.
Russia is stronger militarly than it is econimiicly. The direct fight with Russia is economics and Russia will now not see an allie risk itself economicly any more than Russia did militarily for past allies.
The US does not destroy the country typically just kills the leaders
Now that's humanitarian at it's finest!
And you somehow forgot to mention the "... and puts it's population in permanent serfdom" part.
"As far as those above who have commented that this fight has just begun, that is very incorrect"
Indeed it is, but let me go back a little further.
Since the early 19th century, Russia has been the primary counterweight to British (and then Anglo-American) power, simply because it was the largest European state by far (other than - eventually - the US). The two sides played the Great Game for a century, and then Anglo-America went for the jugular with the color revolution of 1917; which was organized and financed in New York by the same people who had been installing puppet governments in Latin America for the previous decade. It worked, Russia was plunged in chaos, the old Russian establishment was annihilated. But somewhere among the line something went wrong, since instead of a puppet government they got a government of implacable enemies. Perhaps the Bolsheviks went off the reservation, or perhaps they were never intended to rule at all and were just supposed to cause the disorder which would allow some other faction to take power. Who knows. In any event, then we had the Cold War. Fast forward to 1991, and Anglo-America is taking the opportunity of the collapse of the Bolshevik regime to break up Russia into little (more easily controllable) pieces. Cue the color revolutions: Ukraine, Belarus, Estonia, Latvia, Lithuania, Georgia, the 'stans. But core Russia survives, gradually recovers some of its strength, and turns away from Anglo-America, So, after a brief period of rapprochement, the Great Game resumes. But now Anglo-America is totally dominant - only Russia's nuclear arsenal prevents an all out attack. So Anglo-America takes the approach of economic warfare, internal subversion and, should all that fail, it begins building missile defense system along Russia's border (to render MAD null and void and allow a direct military confrontation, which it knows it would win). We're in the middle of this crisis right now. Anglo-America is in the final stage of their soft-power attack on Russia. We're see whether it works. If it doesn't...watch the progress of that missile defense system very closely.
Tell the jungle bunnies to watch out for that big Russian tiger stalking them.
Hey fightthepower, I don't think this trolling shit is going to work out for you. Try McDonald's, you might get a longer career working there.
Obama? No, his handlers did the kicking, but what you are seeing today is about the limit of what Dollar, Inc can do before they start to hurt themselves. What a mess.
Hey easy. This is ZH, we think Putin is Jesus times a million. Russia is greatest country in world. All other countries run by little girls.
Strange, no mention of gold at all.
Price has been skyrocketing in Rubles. Perfect example of why its a great insurance policy.
Bravo! You just said the magic word: INSURANCE POLICY.
That's right, it's an Insurance Policy, NOT an Investment Policy.
But hey -- shills will be shills, fools are fools who can't or won't tell the difference, and there are always eager or desperate people willing to be duped with any and all "Investment Vehicles".
To quote that 70s band that so many talking heads here like to quote: "Same as it ever was."
In uncertain times you need insurance more than you need investment.
Yahoo! Finance assholes have a headline stating that Russia will be selling gold to prop up the ruble because they got nothing else to do.
I missed my calling in life. I can spew complete bullshit with the best of 'em. What a waste of nine years of college.
Fucking Bloomberg is reporting Russia will sell gold as they have nothing left.
Wow, that's full retard.
If Russia is selling it then there would have to be someone buying it. Now, who would be buying a barbarous relic that is in the midst of a 6-millenia bubble. Oh, I know....those silly "goldbugs". But the MSM says that those people represent a very small group of tinfoil hat-wearing hoarders. That couldn't possibly amount to enough people to buy Russia's gold. Maybe each ZH reader is buying a quarter-ton???
The great thing about the financial MSM is they are easily beaten with their own words.
I see Bloomturd is coming up with gold bashing articles on a daily basis now.. they even said Russia is about to start selling gold to prop up the rouble.. So they're saying Russia will first sell its gold and only then move on to their USD reserves, LOL.
embrace mark to myth bitchez
come on capital controls. my bet is on you. and then the spread from russia to all of asia and then sweep europe before finally coming to these commie shores.
Putin is laughing his ass off at these theatrics.
Capital Controls & Book Cooking, Just spelled differently :)
"I think it is clear here, with the removal of mark-to-marklet accounting, that the Russians are now resorting to lies and outright gimmacks to maintiain their status quo."
-CNBC guest
You could apply this to any state.
If you are willing to hold assets indefinitely, why should you be forced to mark-to-market? Did you not learn anything from our experiences in 2008?
Those of us stacking gold and silver are not marking to market. The long term is fine with us.
"The US has proven Accounting is an unnecessary dalliance as long as you have a printing press..... Until it isn't"
CNBC hater..... me
The old you tell us what you think your shit is worth plan. Remember patriotic Russians, aim high with those numbers. American banker lovers of democracy having been dutifully inflating numbers for years now and this great sacrifice allows the U.S. to remain on top!
Fuck the financial sector, what product of real value do these useless fucking paper-pushers actually create anyway?
If any sector needs culling, it's this one. Something the whole world can agree on.
Now Now LOP....they produce shitloads of human misery......
Producing financial "products" of mass destruction, that's about it. This is what you get when you allow "mark to fantasy" accounting and throw out any rules and laws regarding real fucking collateral.
The US congress showed you their vote on the Global Bansters via the Cromnibus.
Yep. Just more proof of that Bush=Obama. For the banks, by the banks.
CBR is the fifth column !!!
They've learned well from their masters:
All theses 7 Measures consist of Central Planning and suspension of Reality, just the way the USSA does it. Wow!
As an afterthought, it occurs to me that these Global Money Changers have their Fifth Column in place in every country, via their own Network, and this has been so for over a hundred years, if not longer.
For example, I'm willing to bet (but can't prove) that... they had such 5th Column agents in Nazi Germany, at the highest levels. Why might I suspect that? Because if the Brits knew that they could not stop Hitler with his pact with Stalin (to dive Poland among themselves) and they needed more time (to bring in the Yanks), then Hitler has to stop Hitler: Get him to overextend himself by double-crossing Russia and make him fight on two fronts. It worked. Had Hitler kept to his Pact with Stalin, the Brits would be speaking German and the US and its NY banksters would have no toehold in Europe.
In Russia's and China's case today... all that the 5th Column had to do was to apply enough sand in the gears with the leadership in both places, to get them to "ease up and be reasonable". In Russia's case, avoiding the gold or petro-ruble means that CBs win once again and that Russia is screwed if they stay on this path (unless it's a 100% pure tactical move to buy about 1 year of time). In China's case, I'm pretty sure that TPTB talked them down in going to the mat for the Russians. It's amazing how well the power of the FUDGER works - even on those crafty Chinese.
* FUDGER: Fear, Uncertainty, Doubt, Greed, Expectations, Regrets. Used as "sand in the gears", to slow, modify or reditect the intentions of an opponent or manipulate an ally. Political and financial crooners have been practicing this fine ART, for centuries, if not millennia.
Like Sun-Tzu said... All battles are decided before they are begun.
http://lit.md/files/nstarikov/rouble_nationalization-the_way_to_russia's_freedom.pdf
Is "recapitalize credit institutions" a euphemism for "bailin"?
This smells like a chess move, to me.
I feel like this is a trap and, in the end, the US $ will have to chew it's leg off if it wants to live.
The complete LACK of a mention of gold in this declaration hints at what the real play is.
You are too eager to expect russian strategists to go out with gold now. Gold might be the finale, the game has just started!
I'm curious. Where did I say that backing the currency with gold was surely happening right away?
This is a long-con.
In other news....looks like the Cuban embargo might end today or at least begin to end. A US citizen was released today from Cuba. Both the Prez and Raul Castro are going to make announcements simultaniously.
Do you really believe that Cuba is going to switch sides after all these years? Come on now. Cuba can do business with anyone but the US on their terms. They may change the terms with others, but the embargo hurts the US more than it hurts them.
Guy was lucky the Cubans got him.
If the US grabbed him, he could have ended up in Egypt on a waterboard and never be heard from again.
Cuz we got rights an shit.
Correct me if I am wrong, however didn't the last president who fucked up in Cuba wind up on a slab.
The Cubans I know are going to go ape shit.
CBR=Rothschilds.
“On Tuesday, the CBR chief Elvira Nabiullina said a higher rate should put an end to investor speculation that has been hitting the ruble. 'We must learn to live in a new reality, to focus more on our own resources to finance projects and give import substitution a chance,' the bank chief said in a televised address Tuesday.”
http://failedevolution.blogspot.gr/2014/12/russias-moves-to-decouple-eco...
Listening to Kasparov on Bberg...Mr. Kasparov is a wise man...
A great chess player.
But a poor politician.
Cutoff flow of ruble margin to FOREX.
Sometimes you get the bear, sometimes the bear gets you.
Q: Where does a bear shit in the woods? A: Anywhere it damn well pleases.
Removed mark to market? Banksterized. Bad move.
Yup. Became Amerkanized.
Keynesian voodoo.
The 5ft column just ruined Russia: Currency will not be backed by anything other than American style Promises. FAIL.
The plan are already in place, this is just noise...
http://www.imf.org/external/np/pp/eng/2011/010711.pdf
2000 years later, and the Money Changers are still winning and still in the Temple.
Hedge accordingly.
p.s. With Russia coming to heel, China struggling, and the SDR looking a lot more likely than the China-Russia alternative ('Rubyan'?), it becomes inescapable that... gold will remain in CB vaults (purely as an insurance policy), but won't be used as a reference.
Which means that... the price of Gold will continue to be manipulated to whatever level that TPTB want or need it to be. Damn, no "get rich quick" scheme for gold or silver then! More like a "get rich quick" scam by its shills. Fuckers!
Thinking a little here: Putin has this last, last, last wild card to play: Once the RUB touches a definitive no-way-back level, he can make it convertible to gold. The problem here is that such convertibility has to be credible. He does not need to allow people to withdraw gold against the RUB, but US dollars. This means that when somebody sells x amounts of RUB against 1/oz, he gets US dollars instead. On the other hand and just as important, the central bank has to accept gold against RUB, not USD against RUB. The level at which this would happen is critical. THE FINAL PIECE HERE IS THIS: HUGE PRIVATIZATION OF GOVT ASSETS, ONLY PAYABLE IN RUB. Which means that investors have to first get their hands in gold, to exchange for RUB. This would KILL the West, with one blow, and leave Putin in power for at least another decade.
Putin should announce the natty gas energy bill to the Europeans is not payable in USD and furthermore pick a minimum percentage 25% is payable in PM's. The kicker here is that portion of the bill will be valued at $2200 gold and $100 silver. Meaning a huge appreciation if paid in PM's Gold 45% and silver 84% thus a massive discount for a period of time. Then a significant reflation of reserves that should help the countries holding gold. My guess is that takes PM prices up massively and his short term loss minimal. This would also confirm the moves towards repatriotation of sovereign gold.
Needs to happen boldly as the mofo's at the U.S. Fed and its minions will continue to create money for nothing and bloodsucking the countries still generating real wealth to death.
The ruble collapse is an act of war. Time is still early for a reponse .
http://beforeitsnews.com/opinion-conservative/2014/12/is-ruble-collapse-...
Just a simple personal opinion, but while it might be true that Putin doesn't have an answer, it might also be true that it doesn't need one.
Putin might not have an answer because he is a (more or less) rational player and expected, maybe, some rationality on the other side.
Instead, he got the USA asking the Arabs, Saudi and UAE in primis, to pump oil even if that means killing their own shale boom and destroy tens of thousands of good jobs.
He got the Arabs complying even if that means breaking the OPEC forever and their own stock markets (and, in part, budgets).
He got the EU joining in the sanctions even if that means billion of euros of losses and a new wave of recessions on economies that never really recovered from 2008.
Not that rational.
In the meanwhile, if you think about it, he doesn't really need an answer: if Russia dafaults, the European banks are going under all together (Just the Italian ones, still shaking after 2008 and trying to recapitalize following the stress tests, are exposed for 30 billions €). if the EU banks go under, the American ones will be devastated as well.. and the American taxpayers just had their congressmen signing a massive public underwriting of 300 trillion in derivatives.
So, Russia got out of a default in 10 years, thanks primarily to teh fact they do have stuff to export, US maybe would as well (assuming its society would survive the shock), Europe would never come back.
Just an opinion.
When the means seem irrational...
...it means only that you don't understand the desired ends.
You might want to re-evaluate what ends the criminals in DC are aiming for.
60/1 on my charts: well done Putin, he probably told to the cutie at the CBR what she should do and quickly to avoid the collapse.
PS: Pair discontinued on my broker !
banks bail out russian style
There are far too many serious signs of impending crisis. Most recently, the fall of oil oil prices, and they fall of the Ruble.
The oil price fall should be good, but the big banks had bets out that oil would not fall, and certainly not a fall of 50%. These bets are in the hundreds of TRILLIONS, and they used borrowed money to make the bets. This is now crashing the system, and all hell will break loose.
Bank Accounts will be taken by the gov to support the banks. The gov has outright came out and said it last spring.
The banks will have to close while they do their dirty work.....you will not be able to get your money out during this time...because the Gov / bank minions have to figure out how much of your money to take.
This is a warning to protect your hard work and birthright. protect your assets from the gov.
The US / oligarchy are hell bent on demonizing Russia. I believe Russia is to be the scapegoat for why the world's financial system failed into a new greater depression. Nothing like the drumbeats of war,, patriotism and the American flag to get the attention of the great unwashed masses of the US Public. This is a very serious development leading the world into war.
I take little comfort that the Russians are possibly the best candidate to stand the storm of aggression against her shores. They have little debt, all the oil they need, foreign exchange customers who must have their products, gold and US treasury reserves, neighbors who will feed them, China as an ally, and worst of all for the US Neocons, Russia is the second largest high tech military manufacturer on the planet (second only to the US). They also have financial options to hasten the fall of financial system....and since we are nailing the Ruple, why shouldn't they do likewise to the US $.
Forget about the UKRAINE.....it is a mess, created by the US Neocons as a staging ground for the containment of Russia. It is bankrupt, corrupt and run by Neo Nazis, who form the bulk of the forces fighting the seperatists. This is a puppet.
So far, Russia has not been drawn into the confrontation the Neo Cons want. Why would they? Ukraine is a black hole for money, with little return. Russia already has the undying affection of the russified Eastern separatist regions....they get whatever economic benefits they can arrange (coal, steel) with this vassel independent Ukraine states, plus a buffer between it and the nazified, european Ukraine.
So what does he have to do, other than prevent NATO troops from crossing into her new buffer states? And that is the problem.
The US Neo-cons want troops on the ground, and you only have to watch the internet to see when Nato put troops into Ukraine to know the shit is going to hit the fan.
Keep money available, lots of it.
One point: the Russian gov have little debt because they have little credit worthiness in the world finance markets.
Perhaps...
Measure No. 1 should be to jail the jewess, who is in charge of Russian National Bank.
She is a member of fifth column, cooperating with international bank cabal.
For those takes, which have benn played this week, she should follow this guy....
http://www.liveleak.com/view?i=473_1418326330
I'm sorry! Who's the bitch?
For the record:
I don't think that it is possible for the Ruling Oligarchs in the US and EU to have done all the things attributed to them.
If they were that powerful, then resistance would be futile, but more importantly they would have no reason not to act openly.
So...
No. I don't think that the US is responsible for the Ruble's fall.
I think that US supported sanctions hurt the Ruble, but that the impact would be minor absent other things.
No. I don't think that the US is hell-bent to break up Russia. Why? Because there is nothing to be gained from such a thing.
No. I don't think that even the US government was even mildly anti-Putin until he slapped his dick in their faces a few times. That's not to say they didn't deserve it on general principle, but it was both unnecessary and unproductive.
No. I don't think that the US is responsible for the oil crash. Nor do I think the Western Bankers are directly responsible for it. They bet heavily that it WOULDN'T crash. What do you think all the "peak-oil' propaganda is?
I think the oil crash is an oil price war - a Mexican standoff between the three top oil producers - for the Asian energy market.
And I think it is this convergence of sanctions, low energy prices, and a few dumb decisions from Moscow that caused capital flight, that together are crashing the Ruble. I believe none of them alone would be a terribly serious matter. And I believe the 'unlikely convergence' of negative factors is simply signal that risks have been allowed, and even encouraged to multiply over the last 20 years world wide, resulting in a veritable flock of black swans, that can and will land near you wherever you are.
No, I don't think the illuminati of the West are secretly controlling all the events in the world. I think they flatter themselves as illuminati. I think they convince themselves they are in control of events. I think the reality is that they've lit fuses on a whole flock of black swan's and are slowly mining the ground around themselves until they are trapped in a tiny corner.
No, I don't think that all the elites, even in the West, work as a tight cohesive conspiracy. I think they are a herd of cats who agree sufficiently only on a few items - mainly their own wealth power and privilege - and that they behave amongst themselves much like a collection of teenage social cliques.
Read the Grand Chessboard by Brezinski to understand what is to be gained by breaking up Russia.
Is there anybody sober out there at ZH. What Russia CB did amid screaming Russian and Western Oligarch (see Europe exporters’ stocks collapse) is what Bernanke FED did in 2009 to west, namely destroyed whatever crooked financial market there was.
Remember marking to “model” instead of market. I wish I marked to “model” my house before I sold it and marked to “model” house I bought. My model is that my old house was priceless and my new house worthless. You do the math.
To join global (American) banking system is to step on a stool and put noose on your neck and wait until true bosses kick the stool if you naughty. That’s what happening in Russia where bunch of world worst speculators, western central banks, ganged up against RCB to punish it for Putin’s attempt to be independent. He has a choice to crack it and become “Vladimir the Great” who broke the West or surrender his nation to western slavery and retire to his yacht and $40 Billion retirement plan. Difficult choice indeed.
But that’s not even true reason for Russian currency collapse. Look closely at least 50 different currencies, all over the world (check by yourself) decline at least 15% to dollar over last few months, at least twenty 25% or more and at least ten 50% or more. These are huge swings in exchange rates and have nothing to do with Russia nor its gas oil driven, economy for that matter because affect also big importers of oil.
The massive dollar surge is likely to be due to at least two reasons. 1.Incresing risk of GLOBAL WAR due to psychotic rants of neocons finally taken seriously and utter capitulation of Western Europe in their duty to protect their own economies. 2. Acceleration of breakage and consequent DE-DOLLARIZATION of dollar dominant world trade and currency reserve system. It’s scarcity of dollar (high price) in global trade that will make it obsolete. See my other comments.
What the most unlikely reason for such unprecedented global dollar surge, is that dollar simply regaining its fundamental valuation because US debt is paid off, America grows like crazy and buys gold like crazy, and there are 10 well paid jobs per applicant. Pure fantasy unless you watch “Bitches of Bloomberg”.
History teaches us that no emporium peacefully disengaged from world trade dominance and that void created by dying US imperial power will be filled. In all, that means massive pain and suffering by masses of innocent, hard working people all over the world. The more misery is “Coming to America” as well.