Russia Makes a Big Move! Putin Backs The Rouble with Gold! (Video)
Showing posts with label collapse. Show all posts
Showing posts with label collapse. Show all posts
Tuesday, 1 April 2014
Friday, 28 March 2014
EXCLUSIVE INTERVIEW – ‘$9,000/oz gold could back world currency’ – Rickards
A post-dollar world may emerge with a global currency that could be backed by gold, Currency Wars author Jim Rickards argues in his latest book.
A further collapse of the global economy and a resulting demise of the US dollar as the reserve currency could trigger a move to the International Monetary Fund's (IMF) Special Drawing Rights, which may then be backed by gold at $9,000 per ounce, Rickards says.
"$9,000 per ounce is a good first approximation of the non-deflationary price of gold in a global gold-backed SDR standard," Rickards writes in his new book, The Death of Money.
"In Currency Wars I said it was late but not too late to avoid a collapse of confidence in the dollar. But now I believe that, while the catastrophe is not upon us, we may have passed the point of no return," he tells The Bullion Desk in an exclusive interview.
"The biggest problem is that policymakers and the central bankers are using the wrong models - their models do not accord with realities," he says.
Wednesday, 26 March 2014
Wave Of Action For A New Economic Paradigm – Economics, Values & Our Collective Fate
Written by Daniel Schmachtenberger, Critical Path Global in support of the Worldwide Wave.
Economics, Values and Our Collective Fate
Underneath and driving all of the major problems in our world is the fact that people are more financially incentivized to perpetuate them than to solve them. As long as killing a whale confers a million dollars of advantage to a fishing company, while leaving it alive confers none, we will continue to hunt whales towards extinction. As long as a millennia old redwood tree is worth no specific amount to us alive, but worth $100k as timber, we will continue destroying the tiny percentage of old growth forests we have left.
Based on a very old, primitive and barbaric dominator worldview, our economic system doesn’t ask if they are ours to take, and doesn’t factor whose balance sheet the costs show up on.
How different is this in its fundamental rationale, than taking Africans as slaves for the economic
Monday, 24 March 2014
Russia Excusing Themselves from the Western Financial System
Subject: Russia Excusing Themselves from the Western Financial System
You knew it would come. As Obama and friends try to economically destroy Russia with sanctions and confiscation, Putin, like a seasoned bullfighter, is simply removing Russia from the path of the charging bull by sidestepping the Western Bankster controlled financial system!
Russia to Launch it's Payment System within Months
The move by international payment systems Visa and MasterCard to block their use in Russia has unnerved some Russian businesses. Meanwhile, Moscow says its own national payment system may become fully operative within months.
Last week MasterCard and Visa stopped servicing some Russian banks, which
Saturday, 22 March 2014
Friday, 21 March 2014
Fed Prints TRILLIONS to Fight CURRENCY WAR
The Fed has been able to keep the banks alive with its money printing scheme. This has done NOTHING for the real citizen. In fact, the average citizen is worse off now than prior to the Financial Crisis. The Fed is beginning to pull the crutch on this system and at the same time wondering why the economy hasn't moved anywhere.
The crutch isn't a crutch after all. It's simply a scheme to fund the banking industry, at the same time devalue the currency.
The Money GPS ~ Author Exposing the Truth
INTEL: TNT Tony & DC
Everything is superfantastic right now...excited...wouldn't be that way if everything we fought for wasn't being told to me we were gonna get. Not everyone will get the high rate but they are telling me that we will all be treated fairly and that is what matters. There are still peeps trying to stop it from happening. I'm going to read article out of Iraq newspaper that fits with info we've received. "Kurdistan oil revenues will be distributed on basis of federal budget effective June 21, 2014." This is important because Kurdistan's budget was not going to go into effect until the RV occures. They were not going to release the oil. This is huge indicator. All agreements are now in place, oil , salaries effective April 1st. Completely done and ratified is the news coming out of Iraq today. Bottom line we are immenently close.
Everything is superfantastic right now...excited...wouldn't be that way if everything we fought for wasn't being told to me we were gonna get. Not everyone will get the high rate but they are telling me that we will all be treated fairly and that is what matters. There are still peeps trying to stop it from happening. I'm going to read article out of Iraq newspaper that fits with info we've received. "Kurdistan oil revenues will be distributed on basis of federal budget effective June 21, 2014." This is important because Kurdistan's budget was not going to go into effect until the RV occures. They were not going to release the oil. This is huge indicator. All agreements are now in place, oil , salaries effective April 1st. Completely done and ratified is the news coming out of Iraq today. Bottom line we are immenently close.
Thursday, 20 March 2014
Obama extends sanctions against Russia to include wealthy Putin allies
White House suggests executive order might not be the end of measures taken in response to Russia’s actions in Ukraine
‘We have seen a illegal referendum in Crimea, an illegitimate move by the Russians to annex Crimea and dangerous risks of escalation.’
Amid growing pressure for a tougher US response to the crisis, the White House also issued a new executive order authorising a co-ordinated economic blockade with the European Union against key Russian industries if the situation escalates.
White House officials also revealed the Pentagon was providing “non-lethal” assistance to the Ukrainian military and claimed there were signs of human rights abuses against minorities in Crimea, including the apparent torture of dead Tatar man and “houses marked in a biblical fashion”.
“We have continued to be deeply concerned by events in Ukraine,” said Obama. “We have seen a illegal referendum in Crimea, an illegitimate move by the Russians to annex Crimea and dangerous risks of escalation.”
“Because of these choices the US is today moving to impose additional costs on Russia. We’re imposing sanctions against more senior officials of the Russian government and in addition we are sanctioning a number of other individuals with substantial resources and influence.”
The additional financial sanctions target 20 new individuals, including eight officials previously identified by the European Union. They extend an initial list announced on Monday to add what the White House calls “Putin’s cronies”.
The previous blacklist of 11 officials shied away from touching top figures or oligarchs.
Most significantly, the new blacklist targets several influential businessmen known to be close to Putin.
Gennady Timchenko, who controls the Gunvor Group, the fourth-largest crude oil trader in the world, has a net worth of $15.3bn and was said by Forbes to be “one of the most powerful people in Russia.”
Arkady and Boris Rotenberg, judo friends of Putin and co-owners of SMP Bank and SGM Group, which provide construction services to state-controlled gas giant Gazprom, were among the elites said to have profited from the Sochi Olympics.
Companies controlled by Arkady Rotenberg won at least $7.4bn worth of contracts related to the Games, Bloomberg reported. He is one of the most influential businessmen in the country, according to Forbes.
The new list also targets Bank Rossiya, which the US claims is the personal bank for senior officials of the Russian Federation.
Among the new Kremlin officials who will face asset freezes are Sergei Ivanov, Putin’s chief of staff, and state Duma chairman Sergei Naryshkin, who has vocally supported Russian intervention in Ukraine. Vladimir Yakunin, the head of state-owned Russian Railways, was also on the list.
All those included will have any US assets frozen and a ban placed on any dealings with US companies, which the White House claims will affect their ability to do business globally.
Several Russian politicians openly mocked earlier White House sanctions against government officials, claiming they did not have any assets that could be hurt by the move and would not deter their policy in Crimea.
But officials in Washington insisted the new steps – together with the threat of co-ordinated action with the EU against Russian industry – were intended to send a signal to deter possible Russian military incursions in eastern and southern Ukraine.
“We are concerned by recent Russian military movements. It would be a significant escalation for Russia to move into southern and eastern Ukraine,” a senior US administration official told reporters. “That is part of the context [of these sanctions]; to send a signal that these key sectors of the Russian economy are in play for sanctions.”
The official added: “Sanctions build over time. They are very powerful. People might think they are a mere wrist slap, but I can assure you they are not.”
Despite calls from Kiev for military support from the US, Obama has made clear that he is not willing to risk American troops in Ukraine and is so far not supplying arms. “We are not going to be getting into a military excursion in Ukraine,” the president said in an interview on Wednesday.
But White House officials confirmed on Thursday that the Pentagon was already providing “non lethal assistance” to Ukraine – a phrase that could indicate intelligence and satellite imagery, or equipment such as night-vision goggles. They also said the US had evidence that Moscow had closed its border to Ukrainian goods entering Russia, imposing “an effective trade embargo”.
In retaliation to the US economic sanctions, Moscow has also announced its own financial blacklist including White House deputy national security adviser Ben Rhodes, senators John McCain and Harry Reid and House speaker John Boehner.
The White House decision to blacklist some of Putin’s closest aides piled the pressure on Europe to get tougher with Russia, although the Europeans have immeasurably more at stake in an escalating sanctions war with Moscow.
The Europeans were expected to acquiesce to Russia’s seizure of the Crimea from Ukraine while talking up the prospects of a potential trade war with Moscow if Putin expands his territorial ambitions beyond the Black Sea peninsula.
A summit of EU leaders in Brussels wrestled with a response to what is broadly seen as the most significant act of destabilisation in Europe since the end of the cold war. They were expected to blacklist at least a further 10 Russian and Crimean officials, adding to the 21 who were barred from travelling to the EU and had their assets frozen on Monday.
The new names were believed to mirror those sanctioned by the US administration earlier this week. The Europeans also called off an EU-Russia summit scheduled for June in Sochi, but remained deeply divided about escalating the dispute with the Kremlin for fear of the damage that Moscow could do to the Europeans in a full-blown trade war.
Extraordinary measures were taken at the summit to preserve confidentiality, signaling the sensitivity of the debate among 28 national leaders. The president of the European Council, Herman van Rompuy, chairing the summit, barred all aides and advisers to the government chiefs from Thursday evening’s dinner and insisted no mobile phones or other electronic devices be allowed. There was no known precedent for such measures in the history of EU summitry, diplomats said.
German chancellor Angela Merkel said that the EU would move to economic and financial sanctions against Russia if Putin extended the conflict beyond Crimea. But Berlin also recognized that the peninsula was a lost cause.
“It has to be said clearly [by Moscow] that Russia is not pursuing any territorial interests beyond Crimea,” said the German foreign minister, Frank-Walter Steinmeier.
The pressure from Washington also strengthened the hand of David Cameron, the British prime minister, who led calls for more robust action against Russia. Confidential diplomatic cables seen by the Guardian confirmed that Britain was spearheading demands that the EU prepare financial and trade sanctions against Moscow, known as stage three of the sanctions regime.
“The UK in particular has expressed the expectation that the European Council [summit] take concrete measures on the next steps,” said a cable. The British were calling for “emergency planning” on stage three sanctions while also declaring that the pain in Europe from the expected Russian reprisals had to be spread “equally”.
“What Russia has done is unacceptable,” said Cameron. “The countries of the European Union need to speak with a clear and united voice. What that means is more asset freezes and travel bans, more actions specifically in respect of what has happened in the Crimea, but also it means making sure that we do everything we can to help build a strong and democratic Ukraine.”
Thursday night’s confidential dinner debate was expected to focus for the first time on broadening financial and trade sanctions on Russia, their impact, and the likely effect on European countries from the certain Russian retaliation.
The leaders were expected to warn Putin of the possible move towards a trade war, hoping that this would act as a deterrent, said senior EU diplomats. Other officials said the summit might move beyond the blacklisting of officials by agreeing an arms embargo on Russia, a move that might be opposed by France which has billions at stake in defence contracts with Moscow.
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