Still drunk, eh?!
Maybe you should consult a few Tibetans or Vietnamese or Indians before shooting off your big fat stupid mouth.
Sanctions on Russia futile western bumbling
- Thread starter darkbeaver
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Maybe you should consult a few Tibetans or Vietnamese or Indians before shooting off your big fat stupid mouth.
William India just signed a huge arms deal with Russia, the Tibetans are Chinese and Vietnam still hasn't recovered from the war. beach bum
Let us all take a trip back to 2006 when everyone thought the gravy train would
never end. Then 2008 and all hell broke loose. We are seeing the outcomes of
those decisions. China is slowing, Russia is in trouble and the Americans don't
even know the roof is slowly coming down. We propped up the world currency
we propped up the business as usual and all nations are part of that. We are now
going to face the wrath of the economy we created. At that point maybe they will
take the power out of the hands of Wall Street and others to set the currency
balance. Others are about to face a day of reckoning as well. Big Banks, Money
Traders and the large bloated American Private for profit Health Care System
Obama should have broke them up but its OK they will eventually fall under the
weight of their own corruption
never end. Then 2008 and all hell broke loose. We are seeing the outcomes of
those decisions. China is slowing, Russia is in trouble and the Americans don't
even know the roof is slowly coming down. We propped up the world currency
we propped up the business as usual and all nations are part of that. We are now
going to face the wrath of the economy we created. At that point maybe they will
take the power out of the hands of Wall Street and others to set the currency
balance. Others are about to face a day of reckoning as well. Big Banks, Money
Traders and the large bloated American Private for profit Health Care System
Obama should have broke them up but its OK they will eventually fall under the
weight of their own corruption
You're reading western news fables buddy. The leaking western tub is awash in debt it cannot cover ever and it is sinking faster than you think, I think.
You got me confused with someone who watches RT. Here's the bottom line, the west, (NATO Europe and occupied faux allies ) including what was Canada cannot win a conventional war against the Eurasian Block but the pricks who've raped it (the west) to the bone can escape in the dust and that is exactly what millions will die for and nothing else if this travesty is allowed to unfold. The French Revolution the First and Second world wars and countless murderous engagments with two hundred other nations all had the same fingers on the triggers. That is over. The western economy is financial garbage, stacks of paper and banks getting ready to close their doors, and nothing can stop that, it is already happening.
2015 Will See Decisive Battles
The Empire is Crumbling, That is Why it Needs War
By Andre Vltchek
The Empire is decomposing; it is sick, unsustainable
Plenty of fun in Siberia for Russians who can't afford to go abroad this winter
Here's how people can substitute Siberia after the falls of the rouble.
You wanted to ski in France?
A ski pass for the French resort L'Alpe d'Huez is 48.50 euro or 3637 roubles. But if you don't want to overpay, just choose Sheregesh resort in Kemerovo region, and enjoy 3 days of skiing for the same price.
A standard ticket for the London Eye is £20.95 or 2021 roubles. We have a better option with a more breathtaking view for you.
You'll need slightly less then that for an ice dive in Lake Baikal if you are a certified scuba diver or a little more if you are doing it for the first time.
Ice dive in Lake Baikal and skiing at Sheregesh resort in Kemerovo region.
A glass of Pinot Noir in a Rome cafe on average costs 8 euro, or 600 roubles. But if you want to try something really special go for stroganina - sushi made of frozen Siberian fish, portion of which will cost you the same price in a Sakha Republic restaurant.
The Empire state building (main deck only) costs 29$ which is 1800 roubles.
For the same amount of money you can go up the Visotsky observation deck. Yes, it's only a little more than half the height of the Empire State (Visotsky Tower is 186 metres tall) but it gives a splendid view of Yekaterinburg, the capital of the Ural region on Siberia's western fringe.
Tasty stroganina from Yakutia and splendid view from Visotsky Tower in Yekaterinburg.
Vienna is the capital of classical music, but tickets maybe difficult for some with the fall in the rouble's exchange rate. A ticket for the balcony at the Vienna Opera Theatre is 116 euro or 8700 roubles.
For the same money you can visit Novosibirsk Opera and Ballet Theatre - famed for world class stars such as Igor Zelensky and Sergei Polunin no less than 21 times!
You planned to go to Copenhagen and discover the city by bicycle? A day's bicycle rent costs you 70 Krone or 795 roubles. For the same money in Khanty-Mansiysk you can ride a deer sled 3 times - and trust us it's quite an experience.
Novosibirsk Opera and Ballet Theatre and riding deer sled in Khanty-Mansiysk.
You were thinking about visit your friend in the US?
For the same money, invite your friend to fly to Russia and travel the Trans-Siberian railway adventure from Moscow to Vladivostok.
One week on the railway, passing through cities and forests, and thousands of memories to make. That's what we call a good travel plan.
Trans-Siberian railway in winter and in summer
Here's how people can substitute Siberia after the falls of the rouble.
You wanted to ski in France?
A ski pass for the French resort L'Alpe d'Huez is 48.50 euro or 3637 roubles. But if you don't want to overpay, just choose Sheregesh resort in Kemerovo region, and enjoy 3 days of skiing for the same price.
A standard ticket for the London Eye is £20.95 or 2021 roubles. We have a better option with a more breathtaking view for you.
You'll need slightly less then that for an ice dive in Lake Baikal if you are a certified scuba diver or a little more if you are doing it for the first time.
Ice dive in Lake Baikal and skiing at Sheregesh resort in Kemerovo region.
A glass of Pinot Noir in a Rome cafe on average costs 8 euro, or 600 roubles. But if you want to try something really special go for stroganina - sushi made of frozen Siberian fish, portion of which will cost you the same price in a Sakha Republic restaurant.
The Empire state building (main deck only) costs 29$ which is 1800 roubles.
For the same amount of money you can go up the Visotsky observation deck. Yes, it's only a little more than half the height of the Empire State (Visotsky Tower is 186 metres tall) but it gives a splendid view of Yekaterinburg, the capital of the Ural region on Siberia's western fringe.
Tasty stroganina from Yakutia and splendid view from Visotsky Tower in Yekaterinburg.
Vienna is the capital of classical music, but tickets maybe difficult for some with the fall in the rouble's exchange rate. A ticket for the balcony at the Vienna Opera Theatre is 116 euro or 8700 roubles.
For the same money you can visit Novosibirsk Opera and Ballet Theatre - famed for world class stars such as Igor Zelensky and Sergei Polunin no less than 21 times!
You planned to go to Copenhagen and discover the city by bicycle? A day's bicycle rent costs you 70 Krone or 795 roubles. For the same money in Khanty-Mansiysk you can ride a deer sled 3 times - and trust us it's quite an experience.
Novosibirsk Opera and Ballet Theatre and riding deer sled in Khanty-Mansiysk.
You were thinking about visit your friend in the US?
For the same money, invite your friend to fly to Russia and travel the Trans-Siberian railway adventure from Moscow to Vladivostok.
One week on the railway, passing through cities and forests, and thousands of memories to make. That's what we call a good travel plan.
Trans-Siberian railway in winter and in summer
The empire is unsustainable because China has cooked the books to steal all of the empire's manufacturing.
The empire has been trying to drop it's currency value to stop the hemorrhaging of manufacturing, so that it can be
Sustainable' but the Chinese keep devaluing their currency at the same rates.
Now that we are simply printing the living **** out of our currency since we are unsustainable due to China intentionally
Making us unsustainable, China realised there is no consequences to us printing massive amounts of currency.
Now they will create their own reserve currency and China will lose its manufacturing to others.
Some manufacturing will return to America and it will be sustainable again.
I got colour, maggot. You are black and white and read all over.
DB( This is why the west as we think we've known it is finished and scratching and clawing for potatoe pealings and kindling is our imeadiate future, if we don't wake up.) or maybe even if we do wake up oweing to the advanced state of decay.)
Grandmaster Putin’s Trap: Russia is Selling Oil and Gas in Exchange for Physical Gold | Global Research
Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.
Any accusations against this man only emphasize his ability for quick analytical thinking and making clear and balanced political and economic decisions.
Often Western media compares this ability with the ability of a grandmaster, conducting a public chess simul. Recent developments in US economy and the West in general allow us to conclude that in this part of the assessment of Putin’s personality Western media are absolutely right.
Despite numerous success reports in the style of Fox News and CNN, today, Western economy, led by the United States is in Putin’s trap, the way out of which no one in the West can see or find.And the more the West is trying to escape from this trap, the more stuck it becomes.
What is the truly tragic predicament of the West and the United States, in which they find themselves? And why all the Western media and leading Western economists are silent about this, as a well guarded military secret? Let’s try to understand the essence of current economic events, in the context of the economy, setting aside the factors of morality, ethics and geopolitics.
Development of crude oil prices.
After realizing its failure in Ukraine, the West, led by the US set out to destroy Russian economy by lowering oil prices, and accordingly gas prices as the main budget sources of export revenue in Russia and the main sources of replenishment of Russian gold reserves. It should be noted that the main failure of the West in Ukraine is not military or political. But in the actual refusal of Putin to fund the Western project of Ukraine at the expense of the budget of Russian Federation. What makes this Western project not viable in the near and inevitable future.
Last time under president Reagan, such actions of the West’s lowering of oil prices led to ‘success’ and the collapse of USSR. But history does not repeat itself all the time. This time things are different for the West. Putin’s response to the West resembles both chess and judo, when the strength used by the enemy is used against him, but with minimal costs to the strength and resources of the defender. Putin’s real policies are not public. Therefore, Putin’s policy largely has always focused not so much on effect, but on efficiency.
Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.
No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!
To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the Russia coming from the sale of oil and gas over the same period.
Moreover, in the third quarter the purchases by Russia of physical gold are at all-time high record levels. In the third quarter of this year, Russia had purchased an incredible amount of gold in the amount of 55 tons. It’s more than all the central banks of all countries of the world combined (according to official data)!In total, the central banks of all countries of the world have purchased 93 tons of the precious metal in the third quarter of 2014. It was the 15th consecutive quarter of net purchases of gold by Central banks. Of the 93 tonnes of gold purchases by central banks around the world during this period, the staggering volume of purchases – of 55 tons – belongs to Russia.
Not so long ago, British scientists have successfully come to the same conclusion, as was published in the Conclusion of the U.S. Geological survey a few years ago. Namely: Europe will not be able to survive without energy supply from Russia. Translated from English to any other language in the world it means: “The world will not be able to survive if oil and gas from Russia is subtracted from the global balance of energy supply”.
Thus, the Western world, built on the hegemony of the petrodollar, is in a catastrophic situation. In which it cannot survive without oil and gas supplies from Russia. And Russia is now ready to sell its oil and gas to the West only in exchange for physical gold! The twist of Putin’s game is that the mechanism for the sale of Russian energy to the West only for gold now works regardless of whether the West agrees to pay for Russian oil and gas with its artificially cheap gold, or not.
Because Russia, having a regular flow of dollars from the sale of oil and gas, in any case, will be able to convert them to gold with current gold prices, depressed by all means by the West. That is,at the price of gold, which had been artificially and meticulously lowered by the Fed and ESF many times, against artificially inflated purchasing power of the dollar through market manipulation.
Interesting fact: the suppression of gold prices by the special department of US Government – ESF (Exchange Stabilization Fund) – with the aim of stabilizing the dollar has been made into a law in the United States.
In the financial world it is accepted as a given that gold is an antidollar.
- In 1971, US President Richard Nixon closed the ‘gold window’, ending the free exchange of dollars for gold, guaranteed by the US in 1944 at Bretton Woods.
- In 2014, Russian President Vladimir Putin has reopened the ‘gold window’, without asking Washington’s permission.
Today assets such as gold and oil look proportionally weakened and excessively undervalued against the US dollar. It is a consequence of the enormous economic effort on the part of the West.
And now Putin sells Russian energy resources in exchange for these US dollars, artificially propped by the efforts of the West. With which he immediately buys gold, artificially devalued against the U.S. dollar by the efforts of the West itself!
There is another interesting element in Putin’s game. It’s Russian uranium. Every sixth light bulb in the USA depends on its supply. Which Russia sells to the US too, for dollars.Thus, in exchange for Russian oil, gas and uranium, the West pays Russia with dollars, purchasing power of which is artificially inflated against oil and gold by the efforts of the West. But Putin uses these dollars only to withdraw physical gold from the West in exchange, for the price denominated in US dollars, artificially lowered by the same West.
This truly brilliant economic combination by Putin puts the West led by the United States in a position of a snake, aggressively and diligently devouring its own tail.
The idea of this economic golden trap for the West, probably originated not from Putin himself. Most likely it was the idea of Putin’s Advisor for Economic Affairs – doctor Sergey Glazyev. Otherwise why seemingly not involved in business bureaucrat Glazyev, along with many Russian businessmen, was personally included by Washington on the sanction list? The idea of an economist, doctor Glazyev was brilliantly executed by Putin, with full endorsement from his Chinese colleague – Xi Jinping.
Especially interesting in this context looks the November statement of the first Deputy Chairman of Central Bank of Russia Ksenia Yudaeva, which stressed that the Central Bank of Russia can use the gold from its reserves to pay for imports, if needed. It is obvious that in terms of sanctions by the Western world, this statement is addressed to the BRICS countries, and first of all China. For China, Russia’s willingness to pay for goods with Western gold is very convenient. And here’s why:
China recently announced that it will cease to increase its gold and currency reserves denominated in US dollars. Considering the growing trade deficit between the US and China (the current difference is five times in favor of China), then this statement translated from the financial language reads: “China stops selling their goods for dollars”. The world’s media chose not to notice this grandest in the recent monetary history event . The issue is not that China literally refuses to sell its goods for US dollars. China, of course, will continue to accept US dollars as an intermediate means of payment for its goods. But, having taken dollars, China will immediately get rid of them and replace with something else in the structure of its gold and currency reserves. Otherwise the statement made by the monetary authorities of China loses its meaning: “We are stopping the increase of our gold and currency reserves, denominated in US dollars.” That is, China will no longer buy United States Treasury bonds for dollars earned from trade with any countries, as they did this before.
Thus, China will replace all the dollars that it will receive for its goods not only from the US but from all over the world with something else not to increase their gold currency reserves, denominated in US dollars. And here is an interesting question: what will China replace all the trade dollars with? What currency or an asset? Analysis of the current monetary policy of China shows that most likely the dollars coming from trade, or a substantial chunk of them, China will quietly replace and de facto is already replacing with Gold.
Are we witnessing the end of dollar era?
In this aspect, the solitaire of Russian-Chinese relations is extremely successful for Moscow and Beijing.Russia buys goods from China directly for gold at its current price. While China buys Russian energy resources for gold at its current price. At this Russian-Chinese festival of life there is a place for everything: Chinese goods, Russian energy resources, and gold – as a means of mutual payment. Only US dollar has no place at this festival of life. And this is not surprising. Because the US dollar is not a Chinese product, nor a Russian energy resource. It is only an intermediate financial instrument of settlement – and an unnecessary intermediary. And it is customary to exclude unnecessary intermediaries from the interaction of two independent business partners.
It should be noted separately that the global market for physical gold is extremely small relative to the world market for physical oil supplies. And especially the world market for physical gold is microscopic compared to the entirety of world markets for physical delivery of oil, gas, uranium and goods.
Emphasis on the phrase “physical gold” is made because in exchange for its physical, not ‘paper’ energy resources, Russia is now withdrawing gold from the West, but only in its physical, not paper form. So does China, by acquiring from the West the artificially devalued physical gold as a payment for physical delivery of real products to the West.
The West’s hopes that Russia and China will accept as payment for their energy resources and goods “****coin” or so-called “paper gold” of various kinds also did not materialize. Russia and China are only interested in gold and only physical metal as a final means of payment.
For reference: the turnover of the market of paper gold, only of gold futures, is estimated at $360 billion per month. But physical delivery of gold is only for $280 million a month. Which makes the ratio of trade of paper gold versus physical gold: 1000 to 1.
Using the mechanism of active withdrawal from the market of one artificially lowered by the West financial asset (gold) in exchange for another artificially inflated by the West financial asset (USD),Putin has thereby started the countdown to the end of the world hegemony of petrodollar. Thus, Putin has put the West in a deadlock of the absence of any positive economic prospects. The West can spend as much of its efforts and resources to artificially increase the purchasing power of the dollar, lower oil prices and artificially lower the purchasing power of gold. The problem of the West is that the stocks of physical gold in possession of the West are not unlimited. Therefore, the more the West devalues oil and gold against the US dollar, the faster it loses devaluing Gold from its not infinite reserves. In this brilliantly played by Putin economic combination the physical gold is rapidly flowing to Russia, China, Brazil, Kazakhstan and India, the BRICS countries, from the reserves of the West. At the current rate of reduction of reserves of physical gold, the West simply does not have the time to do anything against Putin’s Russia until the collapse of the entire Western petrodollar world. In chess the situation in which Putin has put the West, led by the US, is called “time trouble”.
The Western world has never faced such economic events and phenomena that are happening right now. USSR rapidly sold gold during the fall of oil prices. Russia rapidly buys gold during the fall in oil prices. Thus, Russia poses a real threat to the American model of petrodollar world domination.
The main principle of world petrodollar model is allowing Western countries led by the United States to live at the expense of the labor and resources of other countries and peoples based on the role of the US currency, dominant in the global monetary system (GMS) . The role of the US dollar in the GMS is that it is the ultimate means of payment. This means that the national currency of the United States in the structure of the GMS is the ultimate asset accumulator, to exchange which to any other asset does not make sense. What the BRICS countries, led by Russia and China, are doing now is actually changing the role and status of the US dollar in the global monetary system. From the ultimate means of payment and asset accumulation, the national currency of the USA, by the joint actions of Moscow and Beijing is turned into only an intermediate means of payment. Intended only to exchange this interim payment for another and the ulimate financial asset – gold. Thus, the US dollar actually loses its role as the ultimate means of payment and asset accumulation, yielding both of those roles to another recognized, denationalized and depoliticized monetary asset – gold.
Traditionally, the West has used two methods to eliminate the threat to the hegemony of petrodollar model in the world and the consequent excessive privileges for the West.
One of these methods – colored revolutions. The second method, which is usually applied by the West, if the first fails – military aggression and bombing.
But in Russia’s case both of these methods are either impossible or unacceptable for the West.
Because, firstly, the population of Russia, unlike people in many other countries, does not wish to exchange their freedom and the future of their children for Western sausage. This is evident from the record ratings of Putin, regularly published by the leading Western rating agencies. Personal friendship of Washington protégé Navalny with Senator McCain played for him and Washington a very negative role. Having learned this fact from the media, 98% of the Russian population now perceive Navalny only as a vassal of Washington and a traitor of Russia’s national interests. Therefore Western professionals, who have not yet lost their mind, cannot dream about any colour revolution in Russia.
As for the second traditional Western way of direct military aggression, Russia is certainly not Yugoslavia, not Iraq or Libya. In any non-nuclear military operation against Russia, on the territory of Russia, the West led by the US is doomed to defeat. And the generals in the Pentagon exercising real leadership of NATO forces are aware of this. Similarly hopeless is a nuclear war against Russia, including the concept of so-called “preventive disarming nuclear strike”. NATO is simply not technically able to strike a blow that would completely disarm the nuclear potential of Russia in all its many manifestations. A massive nuclear retaliatory strike on the enemy or a pool of enemies would be inevitable. And its total capacity will be enough for survivors to envy the dead. That is, an exchange of nuclear strikes with a country like Russia is not a solution to the looming problem of the collapse of a petrodollar world. It is in the best case, a final chord and the last point in the history of its existence. In the worst case – a nuclear winter and the demise of all life on the planet, except for the bacteria mutated from radiation.
The Western economic establishment can see and understand the essence of the situation.Leading Western economists are certainly aware of the severity of the predicament and hopelessness of the situation the Western world finds itself in, in Putin’s economic gold trap. After all, since the Bretton Woods agreements, we all know the Golden rule: “Who has more gold sets the rules.” But everyone in the West is silent about it. Silent because no one knows now how to get out of this situation.
If you explain to the Western public all the details of the looming economic disaster, the public will ask the supporters of a petrodollar world the most terrible questions, which will sound like this:
How long will the West be able to buy oil and gas from Russia in exchange for physical gold?
And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?
No one in the West today can answer these seemingly simple questions.
And this is called “Checkmate”, ladies and gentlemen. The game is over.
Source in Russian: Investcafe
Translated by ORIENTAL REVIEW
DB(And for any of you dumb fu ckers who think I'm loveing the thought of this unfolding western disaster, I'm not. I'm actually scared sh itless at the thoughts of what the evil pricks who govern us will do to save their own skins at your expence.)DB
That was quite the pile of bullsh-t.
55t and no spike in price?
and yet the price of gold fell over the past 6 months.
55t and no spike in price?
When you are buying gold you want the price to go down. For the Ukraine to be as mad at Russia as the US promotes they sure do a lot of business together.
Russian news: Russia Willing to Double Ukraine Coal Supplies - Russia Insider
MOSCOW, December 27 (Sputnik) — Russia will supply Ukraine with 500 thousand tons of coal per month and 500 thousand tons more, in case an additional agreement is signed, Russian Deputy Prime Minister Dmitry Kozak said.
Ukraine is currently experiencing problems with power generation due to coal shortages.
Russian news: Russia Willing to Double Ukraine Coal Supplies - Russia Insider
MOSCOW, December 27 (Sputnik) — Russia will supply Ukraine with 500 thousand tons of coal per month and 500 thousand tons more, in case an additional agreement is signed, Russian Deputy Prime Minister Dmitry Kozak said.
"We will deliver 500 thousand tons of coal from Russia and possibly, in case an additional agreement will be reached, another 500 thousand tons, which means we are ready to deliver up to one million tons of coal per month to Ukraine in order to reduce the country's existing energy problems," Kozak told Russis 24 TV channel.
Ukraine is currently experiencing problems with power generation due to coal shortages.
Patience Petros. I don't think you're a connoisseur of bullsh it.
Dipsh-t that much gold would have pushed the price over $5K an oz. If anything they are dumping and the reason for the drop.
You need help.
This & That Sharpening Services
Sharpening Service
4621 63 Street, Red Deer, AB T4N 7A6
(403) 346-8285
What mess? Growth while economically pummeling Bolsheviks show things aren't as messy as you think.
You need help.
This & That Sharpening Services
Sharpening Service
4621 63 Street, Red Deer, AB T4N 7A6
(403) 346-8285
Patience Petros. I don't think you're a connoisseur of bullsh it.Be objective and give me your escape ideas for the western mess. Don't bother me with team spirit. I would be very happy if Canada were to conquer the world. Show me the way.
What mess? Growth while economically pummeling Bolsheviks show things aren't as messy as you think.
Rigged gold markets. Price has nothing to do with value. At the moment.
Gold and silver price manipulation, “we” have talked and written about it for years. I can still remember speaking two or three times a week with the late Harry Bingham back in 1997 and ’98 regarding this topic. No matter what “event” popped up which logically and in the past should/would have pushed the price of gold higher, we would see waterfall action instead. Then along came Bill Murphy and Chris Powell of GATA. They put forth all sorts of anecdotal evidence, work by Frank Veneroso, James Turk and others which made the “manipulation picture” clearer. Each piece along the way was added to the previous pieces and made it more clear “we were right”.
Another "Conspiracy Theory" Bites The Dust: UBS Settles Over Gold Rigging, Many More Banks To Follow | Zero Hedge
Yer emotionally invested, get some cannabis into you man, get a grip.
Another "Conspiracy Theory" Bites The Dust: UBS Settles Over Gold Rigging, Many More Banks To Follow | Zero Hedge
Yer emotionally invested, get some cannabis into you man, get a grip.