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Bank Of Russia Says Greece Has A Plan For Parallel Currency
Someone apparerntly did not tell Russia to keep its mouth shut... That or, the sleeping bear is starting to awake and cause chaos and mischief:
- GREECE HAS PLAN FOR PARALLEL CURRENCY, SHVETSOV SAYS
- RUSSIA'S SHVETSOV SAYS `NECESSITY' FOR GREECE TO LEAVE EURO
- SHVETSOV SAYS GREEK EXIT WOULD BE GOOD EXAMPLE FOR OTHERS
- BANK OF RUSSIA’S SERGEY SHVETSOV SPEAKS IN INTERVIEW IN MILAN
Kak skazat Oops po Russki? Cue Greek denials they have any plans about anything. Ever.
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long live the geuro! Russian Oligarchy has big stakes in Cyprus. And also in nearby Syria. Its a small world now.
Can someone please define "PARALLEL CURRENCY" in this context?
Euros with a "G" stamped on them most likely...
"GREECE HAS PLAN FOR PARALLEL CURRENCY"
Coming to a parallel universe near you.
De La Rue - some might say that but I couldn't possibly comment.
Divide and conquer?
'or, the sleeping bear is starting to awake and cause chaos and mischief:'
RT News, Max Keiser, need I say more?
Russia wants its land and respect back. The way to get it would be massive chaos in eurpoe
Perhaps. The first thing I thought of when I read the title of the article was "KGB agitprop".
parallel currency?
buffet gets his inspirations in the bathtub.
apparently these guys get it on the crapper wiping their ass.
The euro is like a commatose patient, who suffers major heart disease, MS, all types of known and yet to be discovered cancer, has had all four limbs amputated and is blind as a result of diabetes, has a raging case of neurosiphillis....and has just been diagnosed with full blown AIDS....and health insurance just ran out.
Rossiya, in an act of compassion, is about to shoot the poor bastard in the head to put it out of its misery.
EUROTHANASIA.
Set the eurosheeple free!!!!
It means that Greece as access to both Euro and Geuro but that its pegged one to the other under ECB control for FIRST but not the second.
The economic team behind Merkel is now running the shooting match in Eurozone. The blond lady from the Bundes economic team (I don't know her name) is really hot and intelligent!
Geuro Grexit?
How about calling the new currency the GYRO...half greek, half EURO
And no one will ever say..."yeah but you can't eat GYROS"
The former Yugoslavia had parallel currencies in the late 90's, but their Dinar was allowed to freely float with the Deutsche Mark.
Some countries in the Balkan still use parallel currencies. I think it is Albania. Looks like the Greeks finally copied something from the developed world.
That's easy. The bankers/elite will get one currency that is debt free and retains its value. The people will get another currency that is stuck with all of the debt and inflates. They will both initially have the same face value so as to make the swindle easier to palm off.
Maybe it means a New Drachma with an exchange rate of 1:1 with the euro.
Although I imagine that the parallel-ness would last no more than about three nanoseconds on the first trading day thereafter.
A couple of types of contracts need to be moved to Drachme :
Dividends
Employment contracts
Internal trade
A couple of types of contracts need to stay in Euros :
Loans
Bank deposits
(Of course with a depreciating Drachme this means lots of people will start defaulting on their loans, but that's what needs to happen any way.)
Greece will do whatever it's masters tell it to do. End of speculation...save some ink.
...and cause chaos and mischief.
Loki?
No no no...cause the ramp up in markets. Remember the template. ZH gave it away...for free...yesterday!
Chaos and Mischief = A psued for the taking for a ZHer to be...
HA! Spot on. And we already know who Thor is right? He left his buggy 'n goats to throw lightning at Athens from Mount Olympus. So now the interesting question is, who is Odin.......or should we rather say Ochin?
If I have a plan for one, the Greeks damn well better!
pods
Balkan bulwark
That's how you Shvet on the party!
i vill break you..................
great idea. they should call it the drakma.
Why not Drama?
Oh come on, Russians don't even have Paypal...
why would they?
If somebody over there asks you to pay... you'd better pay...
Oddy, this didn't work for Paypal.
Because they have gold.
FREE SERGEY!
CHEAP CAR INSURANCE
"Bank Of Russia Says Greece Has A Plan For Parallel Currency Universe."
Makes more sense now.
http://www.youtube.com/watch?v=5Az_7U0-cK0
Does that white moster guy represent central banking!?!?
Greece to mama and daddy: Fuck you, I'm leaving for a man in the motor trades.
DARN! And just when everyone had lungs full of fresh free money Hopium and all that.
Is it Ruble?
Rubble.
Rube-UL
Rue-Bull(shit)
Its rumored to be called Deez Nutz and will be issued to all creditors...
Blin!
A parallel currency? The orthdox rouble. Greece, Russia, and Serbia can all get on one common currency and then take back constantinople.
Prelude to WW III. Russia, CHina, and defecting Euro states vs. TBTF banks, err I meant US, UK, Germany, & France. Throw in the Middle East and the mix is exponentially more volatile.
Explains Euro rising, dollar dying. The BRICs are going to support the non-Euro worthy nations and a two-tier system to rip europe apart - not the dollar. DUH. How long until WWIII?
So Americans...with their 25 wars since WWII - history, are still thinking it will be the "
"bloody, barbaric Europeans" who will start the WWIII?! That is some serious mental disorder right there!
It is like a drunk, wife-beating neighbour saying, watch out that 70 year old Miss Marple, she is one mean SOB!
Europe ALWAYS starts the big ones ...
Statistically speaking, 2 world wars is nothing, could be totally random fluke. We need at least 10 world wars to determine a trend. After 50 it could be CANADA is the murdering, world war starting bastard nation!
LMFAO!! Those who forget history are doomed to repeat it. Thanks for playing.
TIMMAAAYYY!!
Heh i've seen enough of tim's posts to know.... If europe had a cock, you would find his lips firmly wrapped around it. The poor guy probably walks around naked, only wrapped in an EU flag.
...
Where there's smoke there's fire.
"Kak skazat Oops po Russki?" : Oj
'Oops' will also also be understood, ne?
da
If it is bad Oops. common poeople will say Blja
The Grusky. Denominations of 1,000,000 to 100,000,000,000,000,000,000,000,000. In red ink of course.
Russian version of Project Mayhem.
Popcorn at the ready.
Coincidentally?.............
http://www.reuters.com/article/2012/05/23/us-russia-usa-missiles-idUSBRE84M1EU20120523
There are no coincidences in politics.
Russia has been trying to create a parallel reality for centuries....they should know ! Monedas 1929 Comedy Jihad Permanent Troll Country
The Putma
Russia is a major player in in this ongoing disaster simply because of its petro reserves. I can see it gaining influence throughout the North where they need heat in the winter.
In fact, they have Germany over a barrel on that front....
Russia IS BACK US-Tremble¡
this rumor started at RT. I guess I don't need to say much more.
While you were watching RT, you missed some other rumours truth on CNBC.
They should call it the "Gaucho" to replace the Euro. When that fails, they can then issue the "Harpo".
...and eventually we get to the Karl.
Groucho
Hmmmm..Russia is laying the ground work for a new reserve currency.......letting it be known there are other options out there...hint hint
Druble or Ruchma?
Why bother with a useless currency? They should use those little airplane-size bottles of ouzo. A currency backed by alcohol. The Ouzo.
Like the fin rand and the commercial rand in the 80s? Involves capital controls ... Q is why on earth there are still any deposits left in Greek banks?
This will be bullish when Greece has to come out and deny this rumor...
Take that missile defense shield!
Greece was kicked out from Latin Monetary Union in 1908 too (France, Switzerland, Italy, Greece), due outright faking new silver coins with less silver content...and then accepted back in 1910. Something similar will happen again...purgatory limbo for Greece for now.
Russia looking for a central spot for their new missles, so they can target both the EU and Isreal. Financing Greece would be cheap. New currency called the BRICsdollar.
Russia, in the after glow of their Syrian successes, shares it's wisdom with the needy Socialists of southern eurospot ! Monedas 1929 Comedy Fatwa Gorby & Carter Comic Duo
Here is one question for debate.. What will be backing the drachma?
Greece had 160 billion euros of bank deposits on March 30, 2012 = 201 bn USD.
Greek gold reserves 1/1/2010 = 3,607,313.77 oz = 112.20 tonnes
Greek gold reserve value in USD @ 1,570 USD/oz = 5,663,482,618.0 USD = 5,57 bn USD.
Gold backing of bank reserves = 5.57 / 160 = 3.48% => a leverage ratio of 28.7 times!
Add to this that Greece’s lenders has the right to seize the gold reserves in the Bank of Greece and it becomes obvious that the gold may not only be levered 28 times, but is also encumbered. And the fact that there are other parts of the greek monetary base than demand deposits.
Draghi to Shvetsov:
"Fuck offski?"
EURGRD ...place your bets
One to pay for debts and the other to pay for fuel.
In Russia currency spends you!
Isn't there a town in Greece that has already started up a barter currency exchanged localy.
What would we do for entertainment without jilted Russian klepto-Federation?
Maybe we can sell Greece to RF (they lookin' for warm water mil base and all), they buy groovy load of shitty debt, and run franchise Siberian holiday camp for the banksters/pols who create this dreck..
NASDAQ IPO laterz?
When are our governments going to return to protecting the privacy of the people and have the operations of government more transparent ?
Oops, wrong thread.
that would be sweet if there was a parallel currency backed by gold
oops in Russian = blja!!! :)
P.S. Can not get cyrillic text here!!!
In Soviet Russia SHVETSOV parallelizes you!
Russia maybe making a play for Greece to leave Euro and play with the BRICS and their planned new currency - Fuck the west and the Dollar says Putin! This is obviously a stretch, especially given that the Gremans and French already took all of Greece's gold after the first bail out agreement was signed.
The BRICS will come out with an alternative currency and at the same announce they will no longer use the dollar to execute trades, Fuck the Dollar says the BRICS.
The US is fucking everyone in the world with our currency manipulations, no doubt that Russia and the other BRICS are developing or have developed a plan to free them of this bullshit. Since they are departing the Dollar why not convince others to follow? Let's face it, in the end the currency they come up with will be backed by Gold and will be the ONLY method of executing trades with them. You want to buy Chinese goods? Sure, just deposit the Gold and we'll give you BRICS currency you can use. You want Russian oil? You want lumber from Brazil?
What is hard to believe is how fucking retarded the boys in Washington are, do they think they can just fuck everybody in the world with no blow-back? Obviously, Blow-Back is a concept Washington doesn't quite understand so they merily set the USA up for a massive failure, this failure will hurt everybody in the world and in the end it was only to make a few people richer!
Let's hope Greece leaves the Euro, if they don't they'll be debt slaves forever and Greece will be no more. Over the next couple of years Germany will increasingly fall away from the Euro and its policies, ultimately it may be Germany that steps away from the Euro. The political will is strong though, even Greece may not be able to find its way out of the straight-jacket called the Euro.
If there really is a NWO and an intention to consolidate the world under a single gubmint, single military, single everything than Greece will, in the end, not be allowed to leave the Euro. It looks like they don't really want to, they have been sold on the idea that size matters. Given the Greeks propensity for penis extensions apparently "size matters" in more than one area.The voting sent a message but the trending looks like the old parties (Pro Euro) are picking up steam, the message coming from the Eurozone (we don't care if Greece leaves really) is apparently having the designed impact on the population - they are afraid to leave the Euro. Question is, are they afraid enough to continue with the austerity programs? I think its possible actually, just a little movement form the Euro will probably tame the Greeks and allow things to stabilize for a few more months.
The Russians are so pissed at the US and Obama they are likely to escalate their anti-dollar activities although this particular set of statements may be for other reasons, since Russia has a financial interest in Cyprus. The Russians stopped buying US debt a few years ago (timing?) and have sold most/all of what they did have. They've also been accumulating Gold covertly in addition to their public purchases as has all of the BRIC nations.
It won't be long before the BRICS make their move, now is a perfect time since fiat currencies are completely destabilized because of the debt situation around the world, it will get worse so they may be waiting for the meltdown before they move, I guess we'll see.
Regardless, hope the Russians are correct and the Greeks are printing Drachma's in preparation for the inevitable departure from the euro straight-jacket...
You forgot the part where WW3 breaks out. You think BRICS (or anyone) is going to drop the $ and nothing happens from the biggest swinging military dick the world has ever known? No way. No how.
What the outcome of WW3 may be is up for debate, but the use of $ as reserve currency is not, lest BRICS misremember the Hacker Hellstorm aka USofA.
did anyone ever read that book Red Storm rising by Tom Clancy?
Would it be something like 'RED' dollars here? For internal use only?
(Google Red Dollar currency)
you know what is sad, that the US has more per household income inquality now than Russia. Shows you how far we have fallen.
The "haves" in Russia will continue for the most part to be "haves". But most of the US haves will join ranks with the havenots. The question is how well New Yorkers will be able to assimilate with serfs.
They are Greeks. They never have a plan.
Not exactly. They always have a plan to swindle you.
True, but that´s not a plan, it´s the Greek attitude in general.
EU now begging Greece not to exit:
http://www.cnbc.com/id/47551939
Of course this was reported 10 min before Europe makets closed.
Get used to learning Russian vocabulary.
it could actually work well - euro for savings and drachma for wages