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Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?
04-02-2014, 04:36 PM #31
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(04-02-2014, 03:48 PM)Shadow Wrote:  The biggest U.S. bank thwarted a remittance from the Russian embassy in Astana, Kazakhstan, to Sogaz Insurance Group “under the pretext of anti-Russian sanctions imposed by the United States,” the ministry said yesterday in a statement on its website. Sogaz lists OAO Bank Rossiya, a St. Petersburg-based lender facing U.S. sanctions over the Ukrainian crisis, as a strategic partner on its website.

Furious Russia Will Retaliate Over "Illegal And Absurd" Payment Block By "Hostile" JPMorgan

lol.gif

JP Morgan will start WW3 uhoh.gif

Time to build a bunker
İmage

Then stock it
İmage
04-02-2014, 04:45 PM #32
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(04-02-2014, 04:36 PM)KILLUMINATI Wrote:  JP Morgan will start WW3 uhoh.gif

Time to build a bunker

13.gif Not sure if you're being sarcastic or not, but JPM's actions can certainly be construed as an act of war. At best they heated cold warII up a little.

Nice little bunker btw.
04-02-2014, 05:22 PM #33
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(04-02-2014, 04:45 PM)Shadow Wrote:  
(04-02-2014, 04:36 PM)KILLUMINATI Wrote:  JP Morgan will start WW3 uhoh.gif

Time to build a bunker

13.gif Not sure if you're being sarcastic or not, but JPM's actions can certainly be construed as an act of war. At best they heated cold warII up a little.

Nice little bunker btw.

Not being sarcastic

The article said cold-war 2 is heating up cuz of JP Morgan but IMO itz worse than just heating up. What is even worse is the china-japan tension not to mention that nkorea-skorea firing at each other.

Its depressing
04-02-2014, 05:32 PM #34
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(04-02-2014, 05:22 PM)KILLUMINATI Wrote:  Not being sarcastic

The article said cold-war 2 is heating up cuz of JP Morgan but IMO itz worse than just heating up. What is even worse is the china-japan tension not to mention that nkorea-skorea firing at each other.

Its depressing

I'm wondering what the catalyst will be. MH370? Certainly that flight disappeared with help at the very highest levels. The twin outfitted with stealth tech and deployed over Russia with an EMP would jump start a NATO advantage in a thermo nuclear conflict. Is that what NATO wants? dunno.gif

And yes it is depressing sad2.gif
04-02-2014, 05:32 PM #35
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(04-02-2014, 05:22 PM)KILLUMINATI Wrote:  
(04-02-2014, 04:45 PM)Shadow Wrote:  
(04-02-2014, 04:36 PM)KILLUMINATI Wrote:  JP Morgan will start WW3 uhoh.gif

Time to build a bunker

13.gif Not sure if you're being sarcastic or not, but JPM's actions can certainly be construed as an act of war. At best they heated cold warII up a little.

Nice little bunker btw.

Not being sarcastic

The article said cold-war 2 is heating up cuz of JP Morgan but IMO itz worse than just heating up. What is even worse is the china-japan tension not to mention that nkorea-skorea firing at each other.

Its depressing
Nk vs sk
http://www.thewire.com/global/2014/03/no...er/359884/
China vs Philippines
http://www.gmanetwork.com/news/story/355...hina-enemy
04-02-2014, 05:37 PM #36
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(04-02-2014, 05:32 PM)Shadow Wrote:  
(04-02-2014, 05:22 PM)KILLUMINATI Wrote:  Not being sarcastic

The article said cold-war 2 is heating up cuz of JP Morgan but IMO itz worse than just heating up. What is even worse is the china-japan tension not to mention that nkorea-skorea firing at each other.

Its depressing

I'm wondering what the catalyst will be. MH370? Certainly that flight disappeared with help at the very highest levels. Certainly the twin outfitted with stealth tech and deployed over Russia with an EMP would jump start a NATO advantage in a thermo nuclear conflict. Is that what NATO wants? dunno.gif

And yes it is depressing sad2.gif

Pick your poison 13.gif
04-03-2014, 01:00 AM #37
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
IRAN, RUSSIA SAID TO SEAL $20B OIL-FOR-GOODS DEAL: REUTERS

US policy seems hell bent on driving other economies from the US$. This is only a start, I suspect we'll see many more moves by Russia to bypass the fossil dollar.
04-03-2014, 10:49 AM #38
White Ribbon call me
Posts:9,779 Threads:371 Joined:Apr 2013
(04-03-2014, 01:00 AM)Shadow Wrote:   IRAN, RUSSIA SAID TO SEAL $20B OIL-FOR-GOODS DEAL: REUTERS

US policy seems hell bent on driving other economies from the US$. This is only a start, I suspect we'll see many more moves by Russia to bypass the fossil dollar.

that was a good article.. cheers..

i love the bartering concept..
04-03-2014, 12:54 PM #39
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,265 Threads:1,438 Joined:Feb 2011
yup.gif Bartering is on it's way to make a big comeback. Time to cut out the banks and so called "reserve currencies".
Fekk 'em., let them wallow in useless paper and ink.

wonder.gif
04-03-2014, 10:38 PM #40
karutzar Member
Posts:256 Threads:27 Joined:Dec 2012
BANKS ARE BROKE - NETANYAHA A DIRECT ENEMY OF THE U.S. CONSTITUTION AND THE AMERICAN PEOPLE

Banks are Broke - Netanyahu a Direct Enemy of the U.S. Constitution and the American People

by Tom Heneghan

UNITED States of America - Tonight we bring you the latest report from ZeroHedge.com on the insolvent worldwide banks, which beckons financial Armageddon.

At this hour we can report that Russian Federation President Vladimir Putin, with the assistance of German Bundesbank President Jens Weidmann, has withdrawn all Russian investment funds from the now insolvent German Deutsche Bank.

Weidmann has ordered that the insolvent Deutsche Bank derivatives will be passed on to the counter parties criminal U.S. banking giants JPMorgan Chase and the U.S. Bank of America.

Putin is now backing the Russian ruble with their massive gold reserve as to protect the Russian currency from the criminal algorithms and derivatives that are used on a nightly basis in financial worldwide markets.

$242 Billion: That Is How Much Record "Window Dressing" Banks Got Today Thanks To The Fed

Submitted by Tyler Durden on 03/31/2014

The last time banks scrambled to pad their books into the quarter end, and come begging at the front door of the NY Fed's Liberty 33 office, was on the last day of Q4 and 2013, when nearly $200 billion in Treasurys were handed out by the Fed to over 100 counterparties in what was the largest reverse repo operation conducted by Ben Bernanke, and his brand new Fixed-Rate Reverse Repo operation, in history.

That was the record until today, when just over an hour ago the Fed disclosed that as part of its most recent reverse repo operation, it had handed out to 93 dealer banks and other financial intermediaries, both foreign and domestic, some $242 billion in Treasurys in what is now the biggest reverse repo operation in history, a privilege for which the collateral-starved banks paid the Fed the king's ransom of 0.05% in annual interest, i.e., nothing.

So while hedge funds, speculators and assorted vacuum tubes are rushing all day to bid up all the overvalued stocks they can find in order to make their quarter end P&Ls appear more attractive to LPs even as the early ramp and late selloff is again set to resume tomorrow, the megabanks too were rushing to the "window dressed" safety of Treasurys in order to make their balance sheets appear more attractive to regulators and supervisors, in a world in which high quality collateral is much more valuable than the Fed's fungible reserves, and which helps indicate much higher capitalization ratios than otherwise would be observed at the collateral-starved banks.

But what today's off the charts reverse repo really shows us, aside from the fact that all the reverse repo operation really is, is a way for the Fed to make bank balance sheets appear far better than in reality (for all those still confused), is that the collateral shortage we have been warning about for the past several years, and which is getting only more acute the longer the Fed soaks up all 10 year equivalents from the Treasury market (of which it now holds 35% and rapidly rising), is getting worse for banks.

And in related news, one should consider that tomorrow - with their books well padded for the March 31 daily security "holdings" - the banks will almost certainly unwind over $100 billion if not more of today's reverse repo, an amount that is now equal to nearly two full months of QE. Where that money will go, only the (NY) Fed and a few bank CEOs know.

Then again none of this should come as a surprise - we said precisely this during our last such window dressing observation, to wit:

In short: collateral window dressing on; collateral window dressing off, all with the blessing of the banks' overarching regulator, the Federal Reserve. What is most disturbing is that both the world's largest financial firms, and by implication the Fed, just admitted there is a massive collateral shortage currently if banks are forced to pad their books to the tune of nearly $200 billion in "high quality collateral" just to pass year-end auditor muster.

Today's record quarterly window dressing merely confirmed precisely this.

So while the Fed can provide on both an orderly and on an emergency basis up to the total amount of Treasurys it holds on its entire balance sheet amounting to $2.3 trillion (as of today), what will happen if banks find themselves needing to urgently satisfy $2.4 trillion, or $2.5 trillion, or $5 trillion, or more in Treasury deliverable demands, as collateral chains suddenly collapse on themselves as they did the day after Lehman's bankruptcy and rehypothecated Treasurys, not to mention re-re-re-rehypothecated Treasurys have to be delivered once those infamous "off the books" repo and reverse-repo operations suddenly find they aren't quite netting each other off, as we have also been warning for years.

We hope not to have to find out, at least not for some time, because the outcome would make the Lehman aftermath seem like a walk in the park.

http://www.zerohedge.com/news/2014-03-31...thanks-fed
cheers.gif

You can become a slave only by voluntary consent.
I am highly allergic to circumcised souls and red flags with Venusian star on them.



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