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China To Launch Yuan Swap Trading With Russian Rubles On Monday
The world was slow to wake up to the new reality in which China is now the de facto IMF sovereign backstop, as Zero Hedge described two weeks ago in "China Prepares To Bailout Russia" when we noted that a PBOC 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, something we first noted over two months ago in "China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin."
In fact, it was only this week that Bloomberg reported that "China Offers Russia Help With Currency Swap Suggestion." But in order to fully backstop Russia away from a SWIFT-world in which the dollar reigns supreme, one extra step was necessary: the launching of direct FX trade involving the Russian and Chinese currencies, either spot or forward - a move away from purely theoretical bilateral FX trade agreements - which would not only enable and make direct currency trading more efficient by sidestepping the dollar entirely, but also allow Russian companies to budget in Chinese Yuan terms. It is no surprise then that this is precisely the missing step that was announced overnight, and will be implemented starting Monday.
From Bloomberg:
China will allow trading in forwards and swaps between the yuan and three more currencies in a bid to reduce foreign-exchange risks amid increased volatility in emerging markets.
The China Foreign Exchange Trade System will begin such contracts with Malaysia’s ringgit, Russia’s ruble, and the New Zealand dollar from Dec. 29, it said in a statement on its website today. That will extend the yuan’s swaps trading to 11 currencies on the interbank foreign-exchange market.
A plunge in Russia’s ruble this month to a record low sparked a selloff in developing nations’ assets, leading to a surge in currency volatility. The new contracts come amid efforts by China to increase the international use of the yuan, as the world’s second-largest economy promotes it as an alternative to the U.S. dollar for global trade and finance. Malaysia and Russia are China’s eighth and ninth biggest trading partners, according to data compiled by Bloomberg.
“This will provide companies with better hedging tools, and at the same time, make currency trading more efficient,” said Ju Wang, a senior currency strategist at HSBC Holdings Plc in Hong Kong. “China won’t stop yuan globalization or capital-account opening because of the volatility in emerging market currencies.”
The CFETS is an agency under the People’s Bank of China.
So while the US continues to parade with "destroying" the Russian economy, even if it means crushing the shale industry, aka the only bright spot, and high-paying job-creating industry in the US economy over the past 5 years, Russia and China continue to be nudged by the west ever closer monetarily and strategically, until one day, as we have long predicted, China and Russia will announce a joint currency, one backed by both China's "surprising" gold reserves and Russia's commodity hoard. Then things will get interesting.
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.......Then things will get interesting.
i just can't wait.
Fruck you USA.... Blyat Europa
Informal name for the new China Russia Currency arrangement.
Tock,tock,tock.
Fuck the money counterfeiters, fuck the Zionist.
SWIFTly.
Looks like they ironned out any bugs from their little test, because this swap is not going thru'
Belgium.This is an Official announcement without the announcement.
Let's watch the US "isolate" China the same way they are trying with Russia.... Bwahaaaaaaaaa...
Tired of Jews in control. Sick of it.
Tired of your obsessed, twisted mind... or your employer's... not sure which it is.
LOL WC more like tick tick tick tick, the ticking time bomb for the dollar lol
"China and Russia will announce a joint currency, one backed by both China's "surprising" gold reserves and Russia's commodity hoard"
Russia's Hoard meaning Gold, Natural Gas, Oil & Uranium. FYI, 1 out of 10 homes in the Criminal Fraud UNITED STATES, CORP. INC. is powered by Russian energy.
Lets cheer. Its possibly the path to a new true & honest money system, the BRICS are showing a steady unrelenting war with the BIS in their fight for independence... oh wait, BIS ain't complaining.
Awesome uprise.
Russian-China gas deal is no deal:
http://www.bloombergview.com/articles/2014-12-08/putins-eastern-gas-deal...
Sure you are going to believe the news outlet of former mayor Bloomberg, same ahole that wanted to set limits on the size of your beverages. Do you think he wouldnt also want to set limits on the amount of information you should be getting lol
https://yourlogicalfallacyis.com/genetic
https://yourlogicalfallacyis.com/disregardingthefactthatpeoplelie
Eh hey Turtle, you telling me then I can use the same line of reasoning with Hitler ahhaha.
as ZH Putin lovers go long the Blyat Europa at its height vs the USD/Euro the Blyat collapses triggering
the ZH long awaited crash which they cannot take advantage due ZHers trapped in the Blyat
Didn't take long for one of the fappars* to seize the opportunity to whine in public.
Poor little feller sounds like his butthole hurts.
*fairies against President Putin and Russia
lol @ fappars
This dosent even make any fucking sense! There isnt a real sentance in that entire dribble of stupidity that managed to eek its way from your mind/code.
Could it be? Have merkins finally reached peak stupidity? The saga continues. I look forward to skipping all of your posts. Good day!
Bye Bye US dollar hegemony.
Thats a great idea for a song title.
A long long time ago
I can still remember how
The greenback used to make me smile
And no matter how hard it seemed
i knew i could reach the americam dream
And i would be happy for a while
But the tv made me shiver
With every headline they'd deliver
Bad news on the doorstep
I couldn't take one more step
I can't remember if I cried
When I read about his wookie bride
Reggie touched me deep inside
The day the dollar died
So
[Chorus]
Bye, bye dollar hedgenomy
Drove my prius to the pawn shop but they wouldnt buy
And them good ole boys were sending stocks high
Singin' this'll be the day that I buy
This'll be the day that I buy
Did you stop the south stream line?
And believe that every thing is still fine
If the whitehouse tells you so?
Do you believe in shock and awe?
Marie Harf, and that other whore?
And can you teach me how to dance real slow?
Well, i know its your coup in Ukraine
'Cause I saw you send in McCain
Nuland kicked off her shoes
and said hey just fuck the EU
I was a isolated Russian president
My economy you tried to dent
But I knew you were out of luck
The day the dollar died
I started singin'
[Chorus]
Bye, bye dollar hedgenomy
Drove my prius to the pawn shop but they wouldnt buy
And them good ole boys were sending stocks high
Singin' this'll be the day that I buy
This'll be the day that I buy
Now, for eight years we've been on our own
And wall street grows fat on a QE
But, that's not how it used to be
When stock markets were allowed to crash
and people still had faith in cash
And a voice that came from you and me
Oh and while the king was playin golf
Chinese Yuan stole his paper crown
The move they made was bold
they backed it up with gold
And while yellen read a book on keynes
The people were on their knees
And we were trying not to freeze
The day the dollar died
We were singin'
[Chorus]
Bye, bye dollar hedgenomy
Drove my prius to the pawn shop but they wouldnt buy
And them good ole boys were sending stocks high
Singin' this'll be the day that I buy
This'll be the day that I buy
+100 even though I feel like for us it gallows humor. Still the satust z-quo of the money changers is worse.
+ 100. ZH Excellence
the question of how tied Russia and China are to the rothschild central banking scheme is certainly a big one. it has been noted that both countries still have these parasites running their banking. this CFETS is great news. it would seem that China is in no rush or need to make hasty moves. this exchange should stabilize things for now. and Russia is equally prudent in its foreign policy with the NATO invaders. it is the USSA clumsily pushing europe and japan into crazier ventures that are clearly not in either's national interest.
the real time to celebrate will be if and when China and Russia do an Icelandic move and send the central bankers packing. this will tell us if they are for real.
The goal has never been to do away with central bankstering spoils, the goal is to take the central bankstering spoils from the US FED and to give them to themselves...
Peons are still peons.
Not saying it is not a good deal to screw the Banksters, but for the peon, life will not change much..
A ZH'r posted this link... long read, here are a few take aways. These are intended to simply point out the obvious. FFS there is no indpendant central bank or alternative money system being created.
Cheering for BRICS vs USA is the PLAN.
Call me when the BIS has F'all to do with any nation chucking a tanty (not going to happen).
http://lit.md/files/nstarikov/rouble_nationalization-the_way_to_russia%27s_freedom.pdf
bits and bobs:
- RCB retains right to issue the rouble... same as the Fed Reserve Note
‘Article 6. The Bank of Russia is authorised to file suits to courts in accordance with the legislation of the Russian Federation. The Bank of Russia is entitled to appeal to international courts, courts of foreign countries and courts of arbitration for protection of its rights’.-it controls the Russian reserves and gold, these are given by the Russian people but do not belong to Russia or it people; it can do as it wishes with these reserves and gold accumulations... any complaints, it has the right to take the government to a number of international courts based in Stockholm, New York, etc.
- the majority of its gold and forex is NOT stored in Russia; and about 30% of its reserves are invested in US Treasuries, some in the IMF, etc the RCB is prohibited by law from buying Russian bonds, it can only buy foreign bonds:
‘Article 22. The Bank of Russia is not entitled to credit the Government of the Russian Federation to fund budget shortfall, buy state securities at the initial offer, except for the cases when it is provided for by the federal law on federal budget’. The Central banks of the so-called developed countries credit the budget through buying state bonds. And our Central Bank is not allowed to buy Russian bonds. But it can buy American state bonds and securities of someother countries.
- However, the RCB stores the whole Russian budget.
Best researched analysis/summary of historical Yale (skull&bones)/NWO/Mao (and earlier) courting/opening up of China I've read (links below). Includes key concepts like 'Nation State is dead, replaced with Corporate State' (most ex Nation States are already 'registered corporations'. See Mussolini's contextual 'merger of corporations and 'state = fascism).
Have previously referred in my musings to the 'Sinoisation' (cute, sounds like 'Zionisation') of the planet, where 1/ the self-chosen embedded 'politburo' owns the lot, and or dispenses favours to those whom do their bidding and/or 'wetwork' (drivers: FSB/G20 axis, Central Banking, WTO, Favoured Trading Status, PetroYuan/currency swaps etc). 2/ Everyone except the 'owners' and their scribes/gatekeepers on 50c/hr. 3/Competitor 'good cop/bad cop' routine also employed by Russians vs NATO whilst Free Trade Agreements covertly strip sovereignty = Thesis/Antithesis/Synthesis principle. 4/Unaccountable organisations like FSB/BIS/IMF decide which direction Globalisation takes. 5/Great Firewall of China including KillSwitch goes Global (including social media self-disciplinary self-censoring pledging).
BOHICA.
Corbett's title Chimerica says lots.
http://www.corbettreport.com/episode-297-china-and-the-new-world-order/
http://www.corbettreport.com/interview-985-finance-and-liberty-globaliza...
www.financialstabilityboard.org/
Better hurry up with those war plans
WIth an ever-shrinking military, I'm sure it's Barry's plan to just drone everyone to death, much like his monologue...
Any American dumb enough to fight and die for Obola, McCain and the banksters is a dummy.
If only there were a shortage of dumb Americans.
. . . or they have no options other than the military, and deserve some sympathy.
Show time
Good timing ... everyone is enjoying his bonuses ... Monday will be interesting
It seems that evil Blythe Masters must be off to London
You'll need to talk to Moochie as she's the one with the balls in the family... Or haven't you seen Barry throw a baseball or ride a bike?
That bikeride in the mom jeans and helmet was a few sparkley tassles short of full girlie.
Finally some REAL News with Real consequences.
And soon a Real Currency that has value.
What a novel Idea :-)
Been waiting for this news for weeks.
Perhaps the Russian state kept the window open a bit longer to sell off more of its over-valued FRNs for cheap RUBs, knowing a bounce-back would come, just like they bought up more Gazprom shares after the sanctions made them cheaper.
Russian Orthodox Christmas is Jan 7th so the Z-USSA got their present a day late. I respect the Orthodox church more. They are not the Catholic black hand nobles or the Evangelicals who are Jonathan Pollard conservatives and Isra-hell firsters.
What real currency?
What real value?
IMF and World Bank have been endorsing the BRICS devlopment bank etc for a few years now. All these CB's report to the BIS and comply with the international courts.
So what is the REAL news with REAL consequences - other than we get more fiat without the name USD and a lot of turmoil?
I am not USA centric - never been to the USA - but this is becoming so obvious a USA centric person should be grasping the BS.
A central bank may have a regional office.... who gives a toot about it? Games will be played between the branches, peeps will think its football and cheer...FFS its could be almost entertaining watching the crowd cheer as the goal posts are moved and then returned to the EXACT same place without them realizing the serious harm it has caused them.
Another nail in the dollar coffin.
and this corpse is performing his own carpentry
Love it. Paging Larry "kingdollar" Kudlow. Stat!
You realize what this means! WAR I tell you.
The day the dollah died.
Peter Tosh predicted this
bye bye miss american pie
dragged the dollar by the collar
now that doggie is dry
and bad old boys drinking whiskey and lies
singing this will be the day that it dies
this will be the day that it dies
John Pilger Says The West Is Lying Itself To Nuclear War
http://www.informationclearinghouse.info/article40537.htm
I'm sure the derivative complex will just LOVE this!
worship the dolla, but beware of history. will 2015 prove to be the year of demise? moar crumble?
always back to the inflation/deflation discussion. staying clear of all markets where paper is involved.
my continuing resolution- me no paper, just physical. this shit show goes on. trust no one including tyler durden...
It is about time.
After awhile a person gets tired of seeing USA everywhere, on the news, multi nationals and so on. There are other peoples on this world who contribute to the benefit of humanity and other ways of doing things.
I won't feel sorry to see the weeds grow where the CIA and its ilk now reign.
There are good people in America, however their voices are drowned out by the others. Look at the Ron Pauls, he may not be 100% right, but he is no fool and the US media treated him like dirt in the last election. This time around, Clinton vs Bush again, more rules, more disparity and Clinton is stupid enough to start WW3. I do not like calling people stupid, but any presidential candidate who claims business does not create jobs and who once used the term 'obliterate' Iran is not worthy of being hailed as intelligent.
She's intelligent, she's just a conniving, machiavellian, sea hag.
It's what happens when you put Jews in charge of everything.
Right, she's a money grubbing puppet. Her Senate hearing proved she's an ignoramous.
Just like the rest of them.
yep lets go with the BIS... where are the BRICS in conflict with the BIS?
Tired of the USD? .... yes... they are giving us a new choice out of conflict and chaos
What's a currency swap? Surely I can go to a foreign exchange and swap my $/£/€ for any currency I want and have been able to for years? Can a Russian not convert his rubles into yuan if he's going there on holiday? What am I missing here?
Yuan >.USD > ruble, uptil now.
The dollar is now longer a skimming middleman.You may not have seen it, but that
was the mechanics behind the curtain,built into the spread.
All the king's horse and all the king's men couldn't put Humpty back together again.... May the USD RIP...
Well I'll be... Sneaky fuckers!
What's a currency swap?
China buys x rubles at some rate, giving y yuan in return. Thus China goes long x rubles, which effectively supports the ruble.
Also, Russia and China now have stocks of each other's currency, so that cross-border trade flows can be settled in local currency instead of dollars. This reduces the need for their banks to hold dollars as working capital for settlement (one way that having the dollar as global settlement currency creates demand for dollars).
There may be other reasons. These are the only ones I know.
Paragraphs of solid information + a dash of humility = Green.
Cool. FX trading not involving the Dollar but the Yuan.... which is pegged to the Dollar.
The Yuan peg to the dollar is a conundrum.
One wonders what real latitude the Yuan has relative to money markets and what real rectitude China's boss shows in his anti corruption house-cleaning (if that is the word for china's internal purge).
As in his platitudes about "we are doing OK" inspite of RE and commodity malinvestments now visibly rampant that compromise the consumption pump of internal economy, as well his ambiguous attitudes about Potus's casino plays in ME as elsewhere.
China top dog in a world that now doesn't know if debt is asset or whether oil is cheap or expensive.
The Chinese are walking a tightrope.
They have to somehow get rid of over $1 trillion in Treasuries in a way that doesn't destroy their value before they've got rid of most of them.
China holding so many USD is like cornering the market in popsicles on a very hot day. Great demand, but you can't let anyone figure out you don't have a freezer.
The Chinese have stopped buying US Treasuries, but they keep taking in USD in bilateral trade. They've been spending as many USDs as they can on commodities, oil, whatever. And they use their USDs to build resource-extraction infrastructure all over Africa and wherever else they can. The US keeps sabotaging those efforts, as in Libya, Darfur, Somalia etc.
You're exactly right; they're walking the tightrope alright. Doing a pretty darned good job of it so far, but this sort of thing can get hairy in a hurry.
Exactly. I will let everyone know when FXCM offers a RUBCNH pair. (CNH on FXCM = CNY on Yahoo)
For those of you who want to see what it looks like now:
http://finance.yahoo.com/q?s=CNYRUB%3DX&ql=1
Now overlay USDRUB=X on top of it.
Results support NoDebt's claim. I see a lateral move here.
yep
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&...
For now they are simply removing the parasitic middle-men in the FX game, even though they use it as a reference.
The real Requiem starts when they stop doing even that, and use some real assets (energy, gold) as reference points for their currencies. At that point, the naked King Dollar will feel the squeeze.
So was that ruble hike of 34% market reaction in anticipation of this swap operation or was it the OTHER way round; Putin cleaning out the mess before creating a swap obligation with China that could make him lose his shirt if the Ruble becomes rubble ! ??
IMO, short covering by the banksters.
Sticking it to Putin and destryoing big oil in the US... Obama has been having orgasims all week.
Happy Boxing Day to the Anglo-Zionist reptiloid money changers in The City.
I miss my Boxing day bloodbath rugby games.
I'm sure they ate a few babies and haven't awakened to this new situation... Much like gold and silver creeping up overnight... Wait till the Numpties at the Exchange Stabilization Fund get a tongue lashing for taking a long holiday weekend...
A brazen challenge to OPEC and the petro-racket.
About time the East got a clue. Goodbye Western energy-fraud.
Interesting that the retail IRAs are crammed full of energy (fraud).
Wait, did anyone see this coming?!
I certainly did, and I'm expecting more before the New Year rings in..
Bring it.
up your nose with a rubber hose [/vinny barbarino]
So that's where the CIA got it from... Noice...
2x as far with a hershey bar (leveraged).
Inch by inch... the dollar goes away
the NWO is getting closer to its move of replacing the USD as GRC. in order for the SDR to work, it must be revamped by removing the Yen and adding the Yuan. this is why China has been converting USD into AU and other resources. once the Yuan is in the SDR, the currency weights will be rebalanced with the USD taking a much lesser role. pegging the Ruble to the Yuan solves the Russia variable into the new GRC equation. the only war will be the US Civil War once all promises are broken and the sheep realized that they have been trapped by wolves.
No plan survives first contact with the enemy.
Too many variables in there that cannot really be gamed.
A defationary collapse and liquidity crunch have to come next for any chance of the NWO plan to come to fruition.
If I had to give odds, only about a 30% chance of avoiding WWIII.
Winston Churchill, you are wrong that there are too many variables which are not able to be gamed.
The US Department of Defense has used game theory modeling in a power transition model that is 90-95% accurate. Neither the BRICS nor the G-77, nor the US citizens who are on to the network of global corporate control http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf (and their numbers are increasing steadily) are going to go along with this SDR nightmare. It is dead in the water. The traitors in the Department of Defense (Dempsey and Rymer -- joined by Carter when Secretary Hagel was forced to step down) who thought the US was going to surrender unilaterally are now scurrying for cover like cockroaches. Instead, the power transition model is predicting a coalition for the rule of law that will replace the fractional reserve fiat currencies with national currencies out of gold minted from the world's gold that has been sequestered since WWII. https://s3.amazonaws.com/khudes/Twitter12.22.14.pdf The coalition for the rule of law is also making the Bank for International Settlements eat their Treaty of Versailles bonds, which have been compounding interest since 1934.
https://s3.amazonaws.com/khudes/Treaty+of+Versailles+Gold+Bullion+Certificates.pdfAs was discussed and described here a few days ago...
http://www.globaldeflationnews.com/china-to-the-rescue-russia-agrees-to-...
Is this an act of war?
In terms of American foreign policy, everything is.
Paging Dr Strangelove, our Purity of Essense in under attack and we must retaliate!!!!!
Long precious bodily fluids.
China and Russia are now far beyond an alliance, and have, quietly, stealthily and unnoticed by the west, become a symbiotic double helix of something much bigger than mere strategic cooperation, bonding the two huge nations into a permanent ying and yang whole. The west's leaders should indeed be very terrified https://www.mediafire.com/folder/fpid1fhd6nv59/China_Russia_Double_Helix
terrified? please. they have done everything in their power to build up as many powerful enemies as they can.
he said "should be terrified". Their exceptional hubris means they are unlikely to understand the consequences of their lack of regard for people who get in the way of their economic objectives.
All appears to be well in this strand of DNA. However, expect Sino-Russian tensions to rise as soon as 1 of the parties (likely China) decides to bend the other over'n'down. The Chinese needs natural resources (oil, gas, women) and they have a fondness for lebensraum. Russia may think this is a true partnership, but they are in fact on the horns of a tough decision: become a small part of the borg or wither by the hand of the West. Maybe they will try shutting off China's resources in the future, just like they do with European gas. . .
I wounder if this pushs US rates up as they may lose some of their
foreign buyers ( China and other BRICKS countries that may prefer to
make agreements with China or at least reduce dollars increase yuan.
Rates cannot be allowed to rise because doing so will implode the $600 trillion credit derivatives held by the banks.
China has YUAN all over the place
China Creates Yuan Trading Center in Los Angeles
Canada Gets Yuan Trading-hub Status
http://newworldorderg20.wordpress.com
As long as there is money and the issuance is being controlled by some group we know nothing of, humanity will never be free...until one moves from its control.
So who is buying down all the mbs products from the FED? Using yuan?
As BRICS are in the processes to decouple economies from the Western neoliberal monetary monopoly, they could bring back the gold standard as a base for their transactions, which is much more steady than the paper money unstable financial bubbles. They are ready, because they are emerging economies with billions of potencial consumer tanks and can attract other countries too being victims of the international financial mafia, like Argentina and Greece.
Clearly it's time for some SHOCK AND AWE, with Shaka Kahn...
Brought to you by the Kennedy School of Government,
"We're better than you, we're Harvard."
Let freedom reign!
What's her real name anyway...?
Donna
Yvette (Chaka Khan)
So will the rouble soon be back-door pegged to the USD, then?
Now that's a funny thought. Devilishly cunning, too.
USD and Ruble merge after nuclear exchange to be called The Rubble.
Time to head to the Bunker FOOD WATER AMMO ...shit gonna get real 12/29/2014 this date was predicted months ago that a nuke would be used against the U.S. and war would start on this date. the site has been right on most of there other predicted dates of thing to happen.
Damn...the end-of-the-world again. Spoils my plans for the New Year.
Gold backed cash.
Wow, it's been so long since when a silver dollar, was a real dollar.
Looking forward to the reset and revaluation of the monetary system?
Let's see, one Yaun is worth one ounce of gold. And the Russian Ruble, the same thing. One Ruble for one ounce of gold. Yeah, this will go real well with the stackers and no one wants to see this of course but it is what the people wanted, right? Change??
The support and financing of corruption can only lead down one path.
http://investmentwatchblog.com/why-none-of-the-economists-reveal-the-tru...
http://investmentwatchblog.com/obamas-stock-market-is-fake-david-tice-st...
Tell ya what, will trade a zuccinni for an ounce of silver all day long this spring after the world war breaks out in the Ukraine come February or March. A dozen tomatoes for an ounce of gold. THIS IS fair trade in the new purposely crashed world of the Empire of Chaos. That ol, beware the ides of March might ring really true after all the wolf calling these past years. Truly, the watchmen should never sleep.
Peace. Not just a concept. Enjoy it while you can, for the ship is out of control and the nation is too purposely dumbed down and careless to do anything about it.
Interesting analysis. Download from this address
https://www.mediafire.com/folder/fpid1fhd6nv59/China_Russia_Double_Helix
I eagerly await Marc-to-Market's smarmy response to this event as yet more 'hyperbole' in the Russian/Chinese/Global FX/$DX-supremacy-reigneth-forever-&-ever, Amen.
China and Russia have mutual respect for each other and both realise they face the same threat, a increasingly aggressive and over reaching foreign policy of the US.
China is just covering all it's bases. War between Russia and the US would be good for China.
Not really. China's economy would be destroyed by such an event. Cue starving billions heading for Peking and CPC HQ.
Oh but really. A country without radio activity is the big winner. Below the Equator too.
http://seekingalpha.com/article/2775935-russia-oil-china-and-the-dollar
Just for show not much use.
Moar!
China to Start Payments With Russia in National Currencies on December 29:
http://sputniknews.com/business/20141226/1016284341.html
And,
Our Economy Is On The Brink With $18 Trillion Dollar Deficit, $240 Trillion Dollar Unfunded Liabilities (e.g. Social Security, Medicare), Negative National Savings Rate, The Planned Bail-ins Of Your Savings Accounts And Of Course, The Estimated One Quadrillion Dollar Credit Swap Derivative Debt.: http://investmentwatchblog.com/our-economy-is-on-the-brink-with-our-18-t...How does that long sound of a burning, spiralling out of control, crashing airplane go?
http://www.youtube.com/watch?v=jljAMQNbl4Y&t=7m11s