This page has been archived and commenting is disabled.
"De-Dollarization" Deepens: Russia Buys Most Gold In Six Months, Continues Selling US Treasuries
The rumors of Russia selling its gold reserves, it is now clear, were greatly exaggerated as not only did Putin not sell, Russian gold reserves rose by their largest amount in six months in December to just over $46 billion (near the highest since April 2013). It appears all the "Russia is selling" chatter did was lower prices enabling them to gather non-fiat physical assets at a lower cost. On the other hand, there is another trend that continues for the Russians - that of reducing their exposure to US Treasury debt. For the 20th month in a row, Russia's holdings of US Treasury debt fell year-over-year - selling into the strength.
Buying low...
Russia gold reserves jump the most in six months in December, near the highest since April 2013...
and selling high...
Russian holdings of US Treasuries are now at the 2nd lowest since 2008...
It would appear the greatest rotations that no one is talking about are the fiat to non-fiat and the paper to physical shifts occurring in China and Russia.
Charts: Bloomberg
- USD 19.8 billion of outflows in Q4 2014 were down to new liquidity supply measures by the CB of Russia which extended new currency credit lines to Russian banks. In other words, these are loans. One can assume the banks will default on these, or one can assume that they will repay these loans. In the former case, outflows will not be reversible, in the latter case they will be.
- In Q1-Q3 2014 net outflows of capital that were accounted for by the banks repayment of foreign funding lines (remember the sanctions on banks came in Q2-Q3 2014) amounted to USD16.1 billion. You can call this outflow of funds or you can call it paying down debt. The former sounds ominous, the latter sounds less so - repaying debts improves balance sheets. But, hey, it would't be so apocalyptic, thus. We do not have aggregated data on this for Q4 2014 yet, but on monthly basis, same outflows for the banking sector amounted to at least USD11.8 billion. So that's USD 27.9 billion in forced banks deleveraging in 2014. Again, may be that is bad, or may be it is good. Or may be it is simply more nuanced than screaming headline numbers suggest.
- Deleveraging - debt repayments - in non-banking sector was even bigger. In Q4 2014 alone planned debt redemptions amounted to USD 34.8 billion. Beyond that, we have no idea is there were forced (or unplanned) redemptions.
- 80026 reads
- Printer-friendly version
- Send to friend
- advertisements -




Its not just Russia! (or China, India, etc).
Now its the SWISS! The Swiss de-pegging from the Euro was really a short the Euro, go LOOONG GOLD play.
In his latest interview, Jim Willie is predicting that the Swiss have just unleashed an EPIC derivatives contagion that will TAKE DOWN THE EURO AND THE DOLLAR in 2015, and see gold double after a global revaluation!
Buckle up boyz and girls!!
How about silver? How long does that remain at $17 before taking off like gold?
Hawaiian congresswoman slams Obama over mishandling of Islamic extremism:
http://tinyurl.com/pn5l4k4
The chart someone posted a couple of days ago noted that the Swiss pegged to the Euro precisely at the top of the last run up in gold (all time high). Does the de-peg mean that the downdraft is over? Good ole' Marty Armstrong says no, or he sort of says no, because he says it won't go up unless there is a monthly close above 1350. But how can there not be a monthly close above 1350 if a run up starts in earnest?
Ah the life of an analyst and their ways with words.
Jim Willie is fun to listen to, but not sure about the idea of the Swiss shorting the Euro. Swiss who? The SNB? The Swiss industry? Does not make much sense, but I will give it a listen in any case.
Why are they selling their treasuries so slowly?
Speaking of de-dollarization...
Putin has replaced the CB’s Monetary Policy Chief, Ksenia Udayeva (PhD from MIT), with a new dude.
It looks like he is getting rid of the IMF/Goldman people replacing them with the BRICS people.
Make what you want of this ;-)
Looney
Very interesting - thanks.
Someone posted this link recenty:
https://www.youtube.com/watch?v=GLmBqJtJqZo
Really worth a listen to get the picture you are describing.
Any personnel changes of such a caliber used to require a nod from the IMF.
Now, they don't ;-)
Looney
I think now they result in swearing by the IMF.
Here is the transcript of that video:
It is now clear to everyone, even for intellectually exceptional as British Prime Minister Cameron, the global crisis is growing. He said the next big crisis was before us. We note a growing hysteria among various Western leaders.
When, immediately after the G20 summit in Brisbane, Frau Merkel began promoting the free trade area between the EU and the United States, that would result in the de-industrialization of Western Europe similar to what was done in Bulgaria and the Baltic States, it became clear that only large-scale events could push these countries to engage in such dangerous ways, ways that they would not otherwise dare to follow. It is too powerful a blow against their status and position. In other words, they do not anticipate the long-term consequences, because certain future events will contradict them.
What are these events? We need to understand current events from an economic perspective, whose current model is the financial and economic system created at Bretton Woods. Many people mistakenly think that this system died on 15 August 1971, when the United States declared their second debt default in the 20th century by refusing the conversion of dollars into gold. But this is not quite true.
The Bretton Woods system is a mechanism that has been set up to extend the size of the dollar zone by creating its own institutions, the International Monetary Fund (IMF), the World Bank, the General Agreement on Tariffs and Trade (GATT), now known as the World Trade Organization (WTO). All these institutions are still there. They define the Bretton Woods system in which all assets are denominated in dollars.
The global economic model works as follows: it is a mechanism for the redistribution of wealth, which is manifested when the US Federal Reserve prints dollars to acquire new assets which then become part of the dollar system. Originally, it was the countries of Western Europe, and Japan, Taiwan, Korea, China, and later the countries of the socialist community. Today this model has reached its natural limits.
All global assets, including Russian oil is denominated in dollars. That is to say, they are part of the capitalization in dollars held by companies owning oil fields. The world has more new realizable assets in dollars, everything is already converted. This means that it is impossible to continue printing dollars - there are no more assets made ??payable in US dollars. An attempt was made ??by creating fictitious assets, the so-called derivatives . However, it turned out that this could not work because there are too many of them. There is no more profits to extract from the global economy.
Some participants in this process, including Russia and China, saying: "Hey guys, where's our share? We had not agreed to this result . " In fact, in the past, the benefit of these operations was shared by all. Obviously the United States of America had the largest share, but the others also had part of the cake. In particular, Russia had its share due to high energy prices.
Then national elites could decide whether to steal it entirely, as is happening in Nigeria, or to share with their people. The situation in which the participants no longer receive anything does not suit anyone.
Moreover, in order to protect their economy, the United States began using the Bretton Woods institutions, mainly the financial system, not to give but to take. One of the meanings of the election results in the United States was the choice between the two concepts. The first was to save the global financial system at the expense of US resources, in other words, everyone gets something; the second was to save the US economy at the expense of all others. In other words, rob everyone for the benefit of the United States. The second concept, that American voters associate with the Republican Party, won.
Now we have a world in which Third World countries are no longer entitled to investments in dollars, but in contrast see their money flow back to the United States of America. In this situation that satisfies no one, it is impossible to hope for stability. More likely, everyone will try to rock the boat, and the United States attempt only token responses. Obama, as we know, was in favor of the alternative approach. He thought it was better to save the whole world rather than the United States of America only, but he lost.
Therefore, I am inclined to think that an explosion that will tear apart the remains of Bretton Woods is going to happen very soon, possibly in the next twelve to eighteen months. The internal conflict in Russia today is likely to manifest itself in the President's speech.
There are persistent rumors of an ongoing battle between the two forces and both versions on the economic part of the message are being developed.
The situation is as follows. There is a liberal group that supports the model of Bretton Woods, the IMF. They works exclusively with scenarios dictated by the IMF. Therefore, one should not expect from people like Nabiullina, Oulyoukaev, Shuvalov, Dvorkovich some revelations in favor of support for the Russian economy. They receive instructions that they implement strictly and faithfully. The logic behind their behavior is very simple. They say, " We have our cake, why should we destroy this model? ". They can not admit that they do not receive their share of the cake because it no longer exists. They can not agree with that. Their only advantage over others is that they have the opportunity to negotiate with the IMF.
So if the IMF as part of the Bretton Woods system has nothing more to give them, then no one has any need for these people. For this reason, they are trying to save the remnants of this system at any price. I do not know if they understand it or not, but the result is the alienation of our capital and this is detrimental to our condition. Perhaps they understand, but can not accept it, because then they have to flee, together with their capital.
But what awaits them in the Land of the Free , lousy professorships in hick American universities? That hurts. In Russia, the most powerful are deputy ministers, central bank governors and so on. But over there? To actually live on earned income? Imagine a thoroughly modern Russian minister having to live on a salary and pay taxes! From their point of view is simply outrageously cynical.
Another concept, however, said that we should build our own regional financial system. If we do not have access to an investment system linked to the dollar then we have to build our own regional management centers and a mechanism for investments.
I've talked about this before yesterday in Astana in a major conference on the subject of the early second five-year plan of industrialization.
Kazakhstan, unlike Russia, worked for five years on import substitution. Although initially the conditions in Kazakhstan are worse than in Russia, because it is a smaller economy, growth is 4% to 5% while ours has plunged in the last two years. This is the consequence of industrialization.
We discussed this issue with President of Kazakhstan at the round table, scheduled to last 30-40 minutes, which lasted for two hours. It was a real discussion, because Nazarbayev asked about what could be done realistically. I said that we needed to have our own means of investment, because we no longer have it under the Bretton Woods system (IMF, etc.). The confrontation that followed mainly concerned the strategy, and there can not be any compromise.
Hence the rumors that the presidential speech was only prepared by the administration and the government was not involved. The government, together with its School of Economics, wrote their own liberal views in the knowledge that God does not exist outside of the IMF and the prophets, Lagarde and Janet Yellen.
I do not know how this will end, but it is absolutely clear to me that the sudden departure of Putin from Brisbane was not caused by the feeling of being offended. Forgive me, but someone who was educated as an agent of the intelligence services, was trained from childhood, does not to react to such things. He left, not because he was offended, but because he realized that it was pointless to talk to people like them. They do not and cannot discuss critical issues, as they are just part of the show. If they act like puppets, we need to address those who pull their strings; if they do not understand, it is another matter. I tend to believe that they are puppets, but not within the puppeteers, but rather within the framework of certain rules of the game, of such a liberal correctness that is so entrenched in their consciousness that they can no longer escape it. They keep on running in a hamster wheel going nowhere. Talking with them is pointless, so we need to create our alternative models.
In general, we have to forget the European Union and the United States of America for a while. The European Union is not a viable entity. How they will sink is another question. They may try to save it by creating a two-tier body. Part of the old countries of Western Europe will become a first-class European Union and Eastern Europe will be second class. Overall I think that the topic can be closed. Saying he must force the free trade area with the United States, Frau Merkel really put an end to the European Union. You can forget it from now on.
The sharp conflict between the pro-Western forces and Eurasian forces, which began in Russia in the early 90s, has now reached a level when the anti-IMF forces, if not finally caught up with Liberals, have at least heard their voices. We'll see if the liberal forces are able to present, at least, some arguments to the society. So far all their arguments were from a position of power. They've been saying, "Chaps, we schmooze with the IMF, so you need us." Today, it is clear that the IMF will not give us anything. Then they need to choose a different approach. But what do they offer? Destroy education, medicine, the pension system? The banking system? In reality, the liberal system turns to dust everything it touches.
If the President of the Russian Federation chooses the liberal option in his speech, I fear his power becomes dust.
Cliff's notes: Gold, bitchez.
Looney said it above: There is an internal war in Russia between the IMF aligned bankers and those allied with Russia/Putin. Putin is gradually moving the IMF guys out.
...which may be greatly accelerated by their relative uppityness.
Swiss have suddenly been seeing their gold reserves drained by china and india.
https://www.goldbroker.com/news/switzerland-gold-imports-exports-novembe...
Those aren't reserves, they're manufacuring inventory. Switzerland refines 3/4 of the worlds gold (if you want or need to build stock- it helps to control the flow). The gold (raw material) has been predominately coming from London and flowing East all year (they only started the monthly breakdown by country at the beginning of 2014).
http://www.ezv.admin.ch/themen/04096/04101/05233/05672/index.html?lang=en
Russia will be just fine as long as they store their gold in London..
in unallocated accounts..
like Mexico does.
Very important point manthong (Keiser just covered this, see around 13:30 onwards where he interviews Mexican bullion analyst: https://www.youtube.com/watch?feature=player_embedded&v=p0W7T1PZWJ4 ) since hardly anyone is actually getting delivery of the purchases. Can't help but think that both Russia and China are the proud owners of receipts for shelves that may or may not be stocked, which means that their respective reserves declarations are dodgy optimisms at best.
all of this would be unnessasary if we were still on the founding fathers gold silver standard.
Orb just signed a billion dollar deal to buy Russian RD-181 rocket engines and does plan on launching resupply this year. Stock was up big on the news.
That one engine has equal the power to Elon's Merlin 1D. Absolutely top of the line. "You ain't selling that in rubles" let alone reindeer skins.
DOLARES.
The amount of stuff being launched into outer space this year is downright dangerous actually...and we will have a problem of "space garbage" going forward believe it or not.
That is VERY valuable garbage however. Use the space station to start collecting that stuff...melt it down, make yourself a space ship from what already is just floating around out there.
Yo, Disabled Vet, where can I buy what you are smoking, bro?
Courtesy of the VA, drugs r us...
He thinks he's buying refitted rolls royce engines. Good luck with that.
/sarc
In Putin's cooch
I hope someone decides to move the ISS out of Earth orbit and put it in orbit around Mars. Maybe park it on one of the moons.
It's too valuable to let burn up.
What is the value of the ISS? Money already spent doesnt count. Im asking, in terms of forward earnings, is the ISS worth? Im not sure what ground breaking gerbal experiments they are doing up there but Im not convinced it is a money maker.
...in terms of forward earnings...
And that, right there, is the problem with Business and Science. Science explores for the sake of exploration and concerns itself not with profits.
Business will be happy to apply what Scientists learn for "forward earnings". But much about what Scientists learndo not equate with "forward earnings".
But on those occasional happenstances when Scientists do discover something which absolutely revolutionizes our quality of life, and, which provides for entire new industry, the "forward earnings" vastly outweigh all of the investment into the "non profitable" science.
Tis unfortunate that the businessman is so myopic and only is able to understand that which directly produces profits in the short term without realizing that the foundation upon which he stands, the current quality of life which he currently enjoys, is directly due to the science of 160 years ago....especially Maxwell's Electrodynamics investigations which without, you'd not be able to express your myopia upon these Internet pages.
(Of course Maxwellian Electrodynamics did not afford the people in his age, his peers, the luxuries we now enjoy and take for granted.)
Yeah. You may not enjoy the "forward earnings" of what today's scientists may learn. But your distant progeny, those whom are not even born, will.
Now I know that I will never travel through Intersteallar Space, much less make to Low Earth Orbit.
But NASA Scientists, TODAY, are seeking to use the Angular Momentum of the Galaxy itself, to transport an Intersteallar Spacecraft to an Earth Like Planet in a Star System in the Constellation of Cygnus if they shoud happen to find a suitable target.
Maybe in 300 years Earthlings, maybe not even from the United States, will board a Spacecraft, seeking a new home at a Planet orbiting a distant star which we NASA just may discover in the very near future....USING NASA data as the guide.
But it is all about you and your short sightedness, right?
Excellente' Tom.
Good post. Worth reading twice. Interesting, isn't it, how the Mainstream Liar Media rolls out shills to keep telling us that the Russians are selling their gold. Now that they are proven wrong, will the liars at SocGen retract (mockingly LOL)?
Tao 4 the show, very interesting, and yet I detect a "fervent wish", there. i.e. in having either a Washington dictated narrative or a Moscow dictated narrative
hence your dismissal of the European Union as something that has to "go away". at the end, because you prefer one of the two "main" narratives to win
as a reminder, when it comes to the IMF it's the US Congress that wants to keep everything "just as it it", and the rest of the world wanting reform
Speaking of reform Ghordius, Putin did indeed replace his head goldman sachs/ IMF banker with another not associated with any western ties. Some of Tao's narrative is wishful thinnking I believe.
"It is now clear to everyone, even for intellectually exceptional as British Prime Minister Cameron"
Touche! Cameron really is intellectually exceptional as are the rest of the Oxford Bullingdon Boyz.
Because China has vast reserves of USD denominated assets including treasuries. He doesn't want to impair China since they are probably following the same path.
I think this got lost in translation: what I think was meant was that Cameron is intellectually challenged, which at the end of the day is about as objec tive as it gets without resorting to hyperbole or personal abuse.
So that they don't get blamed for taking down the "system" by the rest of the world...this way its more like "death by a thousand cuts"
You've seen those nanex charts where a big player sells their whole wad at once ... CRASH! Better to dribble them out slowly and steadily to get a better return. Especially if your aim is to get value for them rather than just fuck with the system.
Don't listen to any analyst who uses the word "if".
The congress woman has the guts to say what needs to be said. Obama does not. This is not about Islamophobia or hate. It is about clearly identifying and understanding the enemy and until we do we are losing the war.
Citizenwarrior.com
I think gold will do more than just double.
one ounce of gold
will always be one ounce of gold
perspective, value of the fiat currency
is what changes..
+100
That is what people fail to understand mt paul. You cannot make money off of gold or silver. Gold and silver ARE money. The amount of currency units an ounce of gold will buy you is all that changes.
BUT GOLD NEVER IS EXCHANGED.
THERE IS ALMOST ZERO GOLD FOR SALE.
If however...the Government backed its money with gold...
Because 1 oz is 1 oz humans must forever be chained to the same quantity of oil/chickens/whatever exchanged for said 1 oz? That's pants-on-head talk right there.
No completely wrong. If you have 10 chickens or 10 barrels of oil and 10 oz of gold, they cost 1 oz. If you become more productive and now there are 100 chickens or a hundred barrels of oil, now they cost 1/10 of an oz. In NO WAY does the quantity of gold restrain production of other assets, its just defines their prices.
gold is not money, gold is and remain gold. it is the VALUE depending currencies used to exchange for IT that fluctuate, gold never was money. this is what nobody understand.
gold is just like a brick, when you need to build you look for bricks to build then bricks become rare so price rocket sky, when nobody need housing and every one got home, no more need for bricks, then price go down...
but a brick remain a brick, just like gold remain gold, it is not money. money is the system all around.
Wrong
This is true in the long run however there are periods in the short run where gold well out performs other asset classes. In other words, there are periods where the buying capacity of gold against a basket of goods rises substantially.
indeed. while i beleive that Au + Ag are the premier form of money, they are still subject to perception of value. This is a factor you couldnt take away even in the absence of money - in a barter economy the # of fish needed to buy a length of timber is not set in stone (or gold)
No kidding. Double from Friday's close is $2,558. We were at $1800 three years ago and we've been sitting on a solid decade plus of price suppression.
I'm by no means a gold-to-the-moon type, but when the USD and the gold manipulation scam finally breaks, doubling of prices is laughably conservative. When after the dollar was un-pegged in the 70s, it instanteously doubled, and less than a decade later it comfortably traded at 2.5 times the price a year before for more than a year during economic troubles -- which was about 14 times what it was when it got unpegged (arguably a good model for what happens when suppression disappears).
Fast forward to 2015, something close to $3,200 seems reasonable within a year of the bad news finally arriving, and 5-20K ten years later isn't crazy.
We talk about the "japanification" of the US or Europe, take a look at the historical gold price charts in yen. 3X move in 10 years with gold price suppression.
Nearly any way you look at the numbers, gold will be well into in the mid-single-digit thousands in the next few years with just "normal" behavior, and possibly much higher, by 10X or more, if the manipulation ends..
No kidding, with an market cap of over 600B, apple alone is worth about ~5.4 years of global mine supply of gold at current levels and prices. There is so much fiat out there, only a tiny amount goes into PMs and there will be a shock as the pricing mechanism fails and paper gold burns in hell.
yer but what he's saying is an official doubling of gold price (say, those wankers who set the london gold fix) overnight. From there its implied it will continue to be organically bid higher
which isnt implausible, and i dont see china or russia declaring a currency fix to gold - not until it has risen as high as possible to compensate them for all the purchases america will never pay them back - which i beleive is likely somewhere between $10 000 / $15 000 ounce
your timeline of around 10 years is agreed
Some are saying, myself included, that the Zionists are pushing up the dollar as an exit strategy from the dollar.
The central bank's central bank, the BIS, is in Switzerland.
The banksters need to repay us.
Repay us for what exactly? Drilling us all in the rear for over a century?
If anything it's time for us to repay them with a boatload of interest, and the only interest I refer to involves some actual justice be served, whatever form that happens to be,
The people will accept gold,, silver, and /or heads.
The banksters need to repay us.
x
Looks like the Russians bought weak dollars with a strong ruble and are now selling strong dollars to buy back weak rubles. Buy low, sell high.
It looks ugly everywhere..
Hey people, does no one think that the fact that there is a slow-burn full scale war going on in Ukraine and the MSM doesn't seem to give a f**k is a tad odd??
That war will tick over like a pilot light, just smouldering until they're ready to ignite the main charge...
BOOM bitchez..
The MSM is ignoring the news out of Eastern Ukraine due to the fact that the Kiev Nazis are getting their asses handed to them.
C'mon, really? The illegal junta in Kiev is resorting to forced conscription of 60 year old men?
That should tell everyone how the war is going.
"forced conscription of 60 year old men"
Funny you should say that. One chicken-hawk Ukraine journalist, Ruslan Kotsaba, who been all for the war up to now, suddenly has come out saying he is prepared to go to prison rather than sign up, it's fratricide, it's civil war, etc, etc.
http://fortruss.blogspot.ca/2015/01/mobilization-or-coffinization.html
Cluck, squawk, cluck.
The last line of that article says it all:
"Ukrainian national deputies—battalion commanders are offering Ukrainian draftees to officially buy their way out of the draft by paying several thousand dollars"
Women are consricpted as well
The good looking ones will go into brothels, the hippos go to be cannon fodder
my town's deadshit MSM paper just carried a story of a Kiev grandma happily taking up arms against the eastern separatists like she was some noble legend
puking blood is an underreaction
Maybe she is taking up arms because she expects to be drafted.
Agree with all y'all above. The UK war is a flash point that never subsided. Putin is steady and resolved. The Nazi's are losing and, just like Egypt and Libya, the US touched it and ruined it. Foreign policy is to fight wars with other nations in other nations, 2nd or 3rd party, whatever the case may be.
The MSM is a horrible joke. 90% of all information dissemination in the US is owned by 6 conglomerates, ALL close to Il Duce.
Propaganda has never been higher in the USSA.
dup. sorry
15 January:
Ukrainian men are jumping the ship for the Russian shores ahead of mobilization deadline
16 January:
In five days Ukrainian forces lost 2,000 wounded, 25% of equipment, 700 killed and missing
The Ukriane Freedom Support Act, signed into law by Obama on December 18, 2014, provides $350 Million in lethal and non-lethal aid to Kiev's forces. And $7 Million to Radio Free Europe to keep up the good propaganda against Russia and Putin.
See globalresearch.ca "Obama to Arm Neo-Nazi Militants?"
These weapons were found after the neoNazis skedaddled from Donetsk airport. Can anyone identify them at 1:57 and 2:20 ?
https://www.youtube.com/watch?v=5FySoY0jQHM&t=1m55s
Sure look a lot like M-16's... I must've used ten thousand Q-Tips, cleaning those for inspection, while in the USMC. Note: You'll always find a smudge of something, I don't care how many Q-Tips you went through...
Regarding "…a slow-burn full scale war going on in Ukraine…": I follow the Ukraine issue closely, through RSS feeds from about 20 sites.
For analysis, as do many, I consider Vineyard of the Saker the best. *
* The top of the home page is currently a mess as the site is undergoing extensive restructuring and security enhancements resulting from massive attacks following Saker's very early post dispensing with the Charlie Hebdo rubbish.
For day to day reporting, there are many excellent sources; Fort Russ comes immediately to mind. I particularly recommend this 15 January English transcript of an interview with DPR head Alexander Zakharchenko:
Head of Donetsk Republic interview: We had to buy time to adequately prepare for war (Part One)
While I'm at it, I found this brief video posted 16 January quite entertaining. It's the Novorossiyan side mocking the clowns in Kiev:
[VIDEO - 03:43] 16.01.2015 Ukrainian crisis news. Epic Urkainian victories, War in Ukraine
The value of the complicit-media is in what they don't say, or how they say what they do.
The banksters need to repay us.
I’ve made my biggestgold purchase also this weekend since ever! So this freaking shit better start to go up FAST!
If you bought this gold as a hedge against the meltdown, stay frosty.
If you bought it to speculate short term - sweat.
Both, I just need a shitload of money now to pay my bills :)
My company is bleeding from every opening since the oilprice dropped
Holding gold is the same thing as taking a long position in any market. you have to be very patient.
you dont buy gold to make a quick buck, you buy it to keep from losing your ass later on down the road.
Yeah. It's time to revive the ZH slogan: Gold bitchez!
Nice to see you've graduated to the 1/4 oz coins. Sorry it took your whole paycheck. :p
"Stress tests" for Russia to escape Western dictatorial monetary monopoly
I wonder if anyone in the U.S. Military Industrial Complex is asking where the electronics, steel, and manufacturing is going to come from if we are at war with China and/or Russia - or if have they just decided to hit the big red button?
Watch for a lot of family vacations to Paraguay. Family, friends, and assorted hangers-on.
They can put me in prison or in front of a firing squad. I'm not going to kill or die for the NWO banking junta.
process are created in us/eu, only the factories are built in asia for cheap hands... they have the ability to build locally, but will the locals accept to work for 3$/hour, i'm not sure.
"And now the euro has collapsed too."
"We go to the moon in this decade not because it is hard...but we are greedy!"
Not quite e soaring rhetoric everyone is looking for?
Russia will not have a problem raising hard currency. They're not going to go bankrupt. How they sustain this crazy war is another thing entirely in my view tho.
How does the EU fund the crazy war when the PIIGS can't even fund themselves?
Answer: How fast is Sir Yellen printing Munny for the EU?
Proceed with extreme caution. I would not load up the truck just yet on ANY PM purchases. Nibbling and adding to the stack(s) is always advised, but In my eyes the price action in silver in particular seems rather artificial, as in bank manupilated yet again, this time to the upside.
Thanks very much. I usually don't pay much attention to this sort of advice, but your screen name inspires great confidence.
Agree ... regarding the Dollar, different story though in other currencies - like Euro.
This is the part of Boogie Nights where you get the shit beat out of you while masturbating in public.
Barbaroi
exeters pyramid again
The headline and first chart are reflective of gold prices, not gold holdings.
US bonds are measured in USD. Gold is measured by weight, not USTP.
The continued dick sucking of Vlad Putin on this site is nauseating.
You've been pwned by the FSB.
Go somewhere else then, silver bullet. Try Business Insider or Yahoo, where you can meet other members of your echo chamber.
Just remember how the Ukie government last August/Sept. was telling everyone that they were winning until they were badly beated by the novo rossiyans. But you can stil jump up and down in Kiev, if for no other reason than to keep warm due to gas and electricity shortages.
I should go somewhere else? I've been here, just a tad, longer than you have, dipshit.
You know organizations already exist for losers like you. KKK, Hitler Youth, etc. You should check out some of their literature. Although, I'm sure you already have a pretty good grasp of their 'beliefs'.
KKK, Hitler Youth... troll much?
typical hasbara troll droppings.
Fuck off.
You and your other 3 accounts.
3 other accounts? And evidence, Senator McCarthy?
I've been on this site longer than 99.9 of the other posters!
I'm sorry you are such a worthless, racist piece of shit.
Seriously, it's 2015. Get with the times fucker.
Shabat Shalom.
We've traced SB's posts as being routed through a location near the Glilot Junction just North of Tel Aviv. Either you're working directly for intelligence, or they're editing your posts first.
I look for value in the comments here; I seek knowledge.
Your contribution is urine at best; ad hominem textual belches like fraternity brothers fighting over the fat chick.
I can't tell if what you meant is poorly worded sarcasm or not. I'll assume not.
You look for knowledge and value on this site?
Ha!
Maybe if you can find your way through the anti-Semite, racists, homophobes, and complete nutjobs....oh wait....you fall into those categories.!
You know when I first came to this site like 6 years ago there was actual policy discussions about economics/finance/politics. Now it's Ebola freaks and Hitler's descendants.
Oh and by the way, go fuck yourself.
I've grappled with anger issues for 46 years. It took me that long to figure out that I was the problem. To those on the same journey- may you find peace more quickly than I did. Whenever I hear a key phrase, such as go fuck yourself, I know I have found someone taking the very same journey.
For someone against ad holiness attacks, you sure use a lot of them yourself.
I tend to attack the message where I can, although sometimes its hard to pry the two apart.
@silver bulltet :
age never was synonym of knowledge and wisdom, visibly you are missing some things your age prevent you to aquire, like lucidity.
What is nauseating for me are stupid fucks who believe whatever the ZWO media tells them and as a result they live life in a faux reality, rooted only in lies and ZWO propaganda.
Ukraine is a ZWO maneuver to strangle their last worthy opposition. If you don't get that you don't get anything.
Guys like Silver Bullet talk big but run like bitches when facing real action.
Ha!
The Russian FSB is perfectly capable of tracking my location. Come and get it.
I am far from falling into, "Patriotism is the virtue of the vicious"...
However, it doesn't take much of a mind to determine Putin is nothing more than a thug running his country as a criminal gang.
I know, I know, because I believe this I must've been indoctrinated by the Zionists...
What's funny is pussies like you are the one's who collect and hoard guns because you can't handle yourself like a real man. You're a fucking coward. Come and get it, bitch.
+1´d you for entertainment value.
Haven't laughed this much since the days of MDB.
Secret Playbook of Internet Trolls
http://www.zerohedge.com/news/2014-08-22/secret-playbook-internet-trolls
Ahh yes....
Blaming the Jews for all the world's problems. The time honored tradition of complete fucking morons.
Maybe - but Ukraine's PM, President, and Chair of the Parliament are all Jews or of largely Jewish background in a country that is less than 1% Jewish, but where many {most?} of the billionaires are Jews - at least a couple having Israeli citizenship. Nuland, caught on tape talking to Pyatt, both Jewish as it happens, discussed 3 potential names for new PM, settling on 'Yats' - oddly, the other two they considered also had significant Jewish background.
The Jewish role, whatever it is, in Ukraine is plainly much larger than one would expect from their % of the population. That seems obvious - less obvious is why it is nowhere a news story, just as the obvious Jewishness of most of the "neocons" was deemed to be "anti-Semitism" rather than... simply the truth.
You either believe that can and should be discussed, fairly and honestly, or you want to whitewash it, along with outsized influence in the Us, UK, France, Canada, Australia and for that matter Russia - lest you forget, in a nation that is less than 2% Jewish, almost all of the original oligarchs who raped Russia under Yeltsin were Jews.
So, sorry - hurl whatever names you want, but I think you're just gate keeping. And its not a matter of blaming all members of any group [including Muslims] for the actions of a relative few members - but you either believe in free speech, or you don't.
I can tell you do not, which is why I have no respect for your unremitting invocations of Hitler in lieu of anything resembling a coherent argument.
My argument brings nothing to the table???
Yours is entirely based and founded on bigotry.
Fucking moron. Seriously go join the Arian brotherhood
It seems to me they were talking about zionists.
I wonder, why do you equate zionazis to Jews?
You didn't answer his comment...
don't...feed...the troll.
If you define questioning/discussing wildly disproportionate influence of any group as "bigotry" - you're a moron.
When you only would ban free speech and thinking as to Jewish power - you're a racist.
Perhaps you're too stupid to understand this?
Hey Dumbass, it's Aryan, not Arian.
Counterpuke,
You are nothing but a stomped on carbuncle.
It was you who pretended to be the controller and gate keeper, telling someone to get off the website.
Your unremitting love of sucking any dangling part of Putin obvious.
Careful. I might get to thinking you're trying to hurt my feelings.
The Kiev government is broke and cannot afford to pay its troops - hence stories over the months of Ukrainian Army groups defecting to Russia to get food and medical care.
At the same time, the Ukraine National Guard made up of Pravy Sektor and Svaboda neo-Nazis, are reportedly funded by the multi-billionaire oligarch Igor Kolomoisky who is from a Jewish family and has Ukraine, Cypress and Israeli citizenship. He was appointed Governor of Dnitropetrovsk Oblast in eastern Ukraine by the new Kiev government of Yatsenyuk. He controls Burisma Holdings, the biggest private gas firm in Ukraine, and Joe Biden's son Hunter has joined the board recently.
Wikipedia describes Kolomoisky as having used "quasi millitary forces" and "hired rowdies with baseball bats, iron bars, gas and rubber bullets and chainsaws" in his hostile takeovers of companies. Just your average fun-loving oligarch.
The Ukraine National Guard is implicated in mass killings of civilians found in mass graves in east Ukraine, and in the kidnapping of young women for sex slaves, who were later murdered.
As if on cue, here come the Hasbara trolls.
http://www.therealistreport.com/2015/01/a-glimpse-into-powerful-hasbara....
The irony is so thick here, you can cut it with a fucking spoon.
These scumbag Kiev Nazis, who worship the infamous Stepan Bandera, are supported by the zionazis in Tel Aviv and Washington DC.
There's definitely some slapstick comic relief material available for Jon Stewart and his Daily Show there.
The doctrines of national socialism actually have a great deal in common with the racialism and megalomania of both Talmud and Torah.
"Chosen" or "Master Race" - makes little difference to the people marginalized, brutalized, terrorized, and murdered by them.
Silver Bullet, doing a little projecting, said:
This guy wastes no time and goes straight to the fag hominem. He must be a fappar*.
*fairies against President Putin and Russia
Putin does seem to have many nut nuzzelers working for him here. Likely on the payrolls of the oligarchs.
curious how the anti-Putin troll contingent so frequently resorts to the sort of homoerotic quips most commonly found in high school locker rooms.
Again - the pro-NWO/ZWO contingent is remarkable in their devotion to homoerotic imagery.
What would Freud say?
SB
we try to over look others idiosyncrasies
It seems to me that the assholes in DC didn't take anything that Sun Tsu wrote to heart.
Safety or ruin. Because the consequences can be catastrophic, they really ought to think about whether us pushing Russia into a corner is a good idea.
Why should people follow the DC assholes when they've been proven time and time again to be fucking liars who don't give a shit about the lives of the people they send out to fight their wars?
Well, they did seem to take that to heart. Too bad they're not deceiving Russia, but rather they're deceiving us.
Put that into the context with the article above.
Tell me again, which country has the higher amount of debt, absolute or in proportion to GDP? Sun Tsu was talking about how the costs of war can crush a country. This can be financial war or war war. Funding = logistics, and logistics of some sort are necessary for war.
Kind of flies in the face of all the chaos that we've been creating around the globe. Back in the day, at least the chaos led to the country being whole again, (See: Operation Ajax where we destabilized Iran and got the Shah.) but now it is just chaos that we leave behind. We don't even leave the country whole anymore.
Hey, DC assholes, SANCTIONS DO NOT WORK for this.
I think that Russia knows itself. How well it knows us is tough to say. I doubt we really know Russia and I doubt that the fuckers pushing this shit know us.
This is something that should make anybody who has been following the situation depressed. We are fighting first and seeking victory. Russia's actions have been very restrained. Putin is former KGB, which carries all sorts of baggage, but one of the things that he is not is stupid. IMO, Russia will not move until it thinks that victory is assured.
No matter how corrupt Putin is in reality, he puts forth an image to his people that he is moral and he sticks to it. No matter how corrupt Obama is, oh shit! That fucker looks corrupt, acts corrupt and is corrupt.
Tell that to the CIA. They're using the same playbook that they did back in 1953, but they're not as good at following it as they were back then, hence the endless chaos. Those tactics are not nearly as indirect as they were back then BECAUSE EVERYBODY KNOWS THE GODDAMN PLAYBOOK. Go in, destabilize the country, and install a puppet government.
Something about cornered animals comes to mind here. Also, we've put out the bait, and I don't see that it has been swallowed.
Again, we're using the same fucking playbook here.
Comparing how this shitshow is going with Sun Tsu's advice is getting depressing. I think I'll stop now.
Hey Cowboy, good post but the likes of Vatsman (porkyschenko), Nudelman and McCain couldn't even pronounce Sun Tzu's name, much less read him. From their perspective, strategy is simple: if you can own it, control it or steal it, then you destroy it.
Yes, this is ancient knowledge and strategy that has been practiced in some circles for thousands of years.
Some day after fucking up big in some immoral war the mic will call up the draft and they will find nobody home.
>>>I think that Russia knows itself. How well it knows us is tough to say. I doubt we really know Russia and I doubt that the fuckers pushing this shit know us.
Assuming Putin and his successors are thoughtful men, Russia is very, very unlikely lose any long-term confrontation with the Anglo-Zionist Axis.
There is no interest on the part of the American public in making significant sacrifices so that "Western" interests may prevail on the Eurasian Chessboard. I don't actually know the Russian public's committment to making sacrifices so that Russia will prevail (i.e. survive as an independent power), but I believe it is reliably much, much greater than any Amurican committment to the contrary could ever be.
Kunstler had a quite level-headed set of predictions for 2015 recently, one of which was that the USA will at some point this year walk away from its Ukraine adventure, declare that freedom has been advanced, and just let the locals clean up the carnage as best they can. I think he's right.
When things things don't go to plan, management and government can be
remarkably persistent.
This is otherwise known as - The Corporate Approach to Dead Horses .....
The tribal wisdom of the Dakota Indians, passed on from one generation to the
next, says that when you discover that you are riding a dead horse, the best
strategy is to dismount. But in modern business (education and government), because heavy investment factors are taken into consideration, other strategies are often tried with dead horses, including the following:
1. Buying a stronger whip.
2. Changing riders.
3. Threatening the horse with termination.
4. Appointing a committee to study the horse.
5. Arranging to visit other sites to see how they ride dead horses.
6. Lowering the standards so that dead horses can be included.
7. Reclassifying the dead horse as "living-impaired".
8. Hiring outside contractors to ride the dead horse.
9. Harnessing several dead horses together to increase speed.
10. Providing additional funding and/or training to increase the dead horse's
performance.
11. Doing a productivity study to see if lighter riders would improve the dead
horse's performance.
12. Declaring that the dead horse carries lower overhead and therefore
contributes more to the bottom line than some other horses.
13. Rewriting the expected performance requirements for all horses.
14. Promoting the dead horse to a supervisory position.
Just NUKE the Fruckers...
Sun Tsu.
i think, at one time, Sun Tzu was being read in the Pentagon.
S.T. strategy does not fit in with the MIC (destroy as much of your equipment as you can and buy more) and it requires patience.
i never got the idea that the pentagon and its political minions were patient.
sort of a sitcom mentality. fit the war in between the commercials.
Why should people follow the DC assholes when they've been proven time and time again to be fucking liars who don't give a shit about the lives of the people they send out to fight their wars?
here is the key, they know they cannot take masse to follow, so they take/isolate power to piloting more accuratly the way they want, then, they use MSM to formating the masse that the path they take is the best/only one.
they are putting the world in such situation but the masse by itself if you travel around the world you will see there is not that much beastiality bewteen humans, we already live togethers.
the locations some fights some is only where politics acts...
my fear is masse is what we call in france a mougeons, a mix between the sheep ( the follower ) and the pigeon ( the idiot ), idiot follower, mougeon... to be 1° shaved, 2° racketed.
charlie hebdo is just a way to manipulate the masse so it can go where politics want to bring it.
best shot is to split politics from MSM to stop the reality distortion.
smartphone technologiges, we are replacing brain thinking ability with .app methodology.
the day an .app display " pls kill this target " we gonna have serious problem.
Russians have to be pinching themselves for this good fortune. Dollar off the charts up and gold still cheap. Probably can't sell those T-Bills fast enough
So how are four years of blatant gold manipulation working out for you?
How do we know any of this is true? Don't Central Bankers lie? Especially in a crisis.
I concur. The Neocons and Friends have bullied their PetroDollar and Dominionism Pulpit too far, too wide, and for too long.
It doesn't make much sense for RUS to keep holding USD/Ts. With all the QE(of the USD and closely intertwined EUR and JPY) and the Regime Change/Sabotage Sanctions in Play, it's better to help bring about the Global utilization of the RUB, CHY, Petrol, and Gold as mediums of exchange.
Besides, it looks like Gold and Oil will hold their valuations better during the QE seasons...
So real planning time. Most here (myself included) know its going to bust sometime in the near future (months, years, whatever). I don't subscribe to a zombie apocolypes, but a massive depression worse than the 1930's as everything resets to natural and market forces. Can any students of history can help fill in who made out best, how much cash to hold, how much PM, etc? My thoughts are:
-Go on with life, working, saving, banging chicks when possible. Don't climb in a hole.
-Pay off secured debt (home, farm, etc)
-Keep 3 months of cash in a safe
-Keep your PM (10-20% of wealth) in a safe and add to it. If you can't touch it, you don't own it.
-Learn to garden
-Get healthy
Others plans?
great list!
i would add:
- reduce expenses (e.g., insulate your house to reduce heating/cooling bills, and some solar power)
- get a backup generator
- get a 2nd passport / 2nd citizenship, to keep your options open. remember that the feds can cancel your us passport any time at their whim (a la snowden), leaving you at their mercy and unable to leave the usa. the process takes a while, so it's best to start now.
- get a few acres of land off the beaten path, start a hobby farm / bug-out location
>>> get a 2nd passport / 2nd citizenship, to keep your options open. remember that the feds can cancel your us passport any time at their whim (a la snowden), leaving you at their mercy and unable to leave the usa.
If you're youngish, I strongly second this advice, as the long-term prospects for a solid career and happy family life in the USA appear poor. It should include a commttment to becoming fluent in a second language if you aren't already.
If you're over fifty or so, it probably won't really matter much, will it?
I wouldn't trust a dual citizen. Where does their allegience lay?
Stack On
haha where does yours lay?
only a flag-waving fool has allegiance to a country.
a country is a fiction, a made-up notion, it's not real.
people are real, trees and mountains are real, but countries are not.
just because some men with weapons drew some lines in the dirt and said, this here is our country, that over there is your country, doesn't mean you have to buy in to their made-up story. think for yourself.
Sunnyside, stacking 123.. best advice I've read all day. +100
The optimal cash:asset ratio is highly individual. With how ubiquitous credit card acceptance is, I kept almost no cash within "the system" and not much more more outside of it. Everything else is real money or some other asset. Your list is in general, sound. I would add only a few important notes:
Preparation only goes so far. The people who do well within collapses are those with strong support stuctures (community) and a versatile skill set. Your list is good, but remember that none of us live in a vaccum.
these are all great, solid ideas.
one comment - yes credit cards and their acceptance are ubiquitous, however, in a financial crash, the credit system can easily freeze up, and there's a definite possibility of merchants going on a green-cash only basis. that is why i keep 3 mo. cash outside the financial system.
You mean stay real in a fake world.