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Russian Rouble in Big Trouble !
Not Gumby Show this Post
12-17-2014, 02:17 AM #1
Not Gumby Incognito Anonymous
 
The Russian Ruble Is Hereby Halted Until Further Notice

http://www.zerohedge.com/news/2014-12-16...her-notice

Rouble collapse prompts Moscow shopping spree

http://www.cnbc.com/id/102273163

Will Russian ruble collapse trigger a military coup against Vladimir Putin?

http://www.ibtimes.co.uk/will-russia-rub...in-1479815

Russian Rate Hike Fails to Stop the Ruble's Crash

http://finance.yahoo.com/news/ruble-stre...UAMUFXNyoA

This is the reason OPEC and the West have been driving Oil Prices down.
12-17-2014, 02:30 AM #2
Octo Mother Superior
Posts:43,360 Threads:1,482 Joined:Feb 2011
Quote:"I think the rouble will carry on falling until the end of the year," she said. "It's time to buy furniture!"

http://www.cnbc.com/id/102273163

blonde.gif

Crazy times!
12-17-2014, 02:40 AM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,575 Threads:1,443 Joined:Feb 2011
This is not good news for anybody. So many things can happen during these types of events, and none are positive.

wonder.gif
12-17-2014, 02:41 AM #4
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Interesting day, but I think Soros is behind it not OPEC though it's worked before (in the 1973 oil crisis when OPEC cut production) this is a bold move by the Saudis, they take out competition and punish both Iran and Russia for supporting Assad, so it may work for them but Russia is way stronger than they think, certainly not the crumbling USSR who's oligarchs sold out to Western oil. Lots of dirty fingers in this day's happenings, but it's Soros who's slime is all over it.
12-17-2014, 02:47 AM #5
US nli Incognito Anonymous
 
Big surprise! No not really.
12-17-2014, 02:52 AM #6
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
From Aug 2014


Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

Rumors Soros is shorting the Ruble. How many economies has this pile of toxic feces ruined?

İmage
Not Gumby Show this Post
12-17-2014, 02:55 AM #7
Not Gumby Incognito Anonymous
 
(12-17-2014, 02:41 AM)Shadow Wrote:  Interesting day, but I think Soros is behind it not OPEC though it's worked before (in the 1973 oil crisis when OPEC cut production) this is a bold move by the Saudis, they take out competition and punish both Iran and Russia for supporting Assad, so it may work for them but Russia is way stronger than they think, certainly not the crumbling USSR who's oligarchs sold out to Western oil. Lots of dirty fingers in this day's happenings, but it's Soros who's slime is all over it.

You might be right, it was Goldman Sachs that was first to stop trading today.
Not Gumby Show this Post
12-17-2014, 02:58 AM #8
Not Gumby Incognito Anonymous
 
1 Mexican Peso equals

4.73 Russian Ruble

Not a good day in Russia
12-17-2014, 03:14 AM #9
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,575 Threads:1,443 Joined:Feb 2011
No, it's not a good day with those exchange rates. That kinda' puts things into perspective, and there goes what's left of the Finnish tourist industry, unless I'm missing something.

wonder.gif
12-17-2014, 05:06 AM #10
Night stalker Member
Posts:20 Threads:1 Joined:Apr 2013
(12-17-2014, 02:40 AM)JayRodney Wrote:  This is not good news for anybody. So many things can happen during these types of events, and none are positive.

Agree 100%
12-17-2014, 05:40 AM #11
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Getting warm....

Sanctioned Russian banks begin testing national payment system next week

Quote:Russia’s Rossiya and SMP banks, which fell under Western sanctions, are among the eight lenders that will start testing the country’s new national payment system on December 15.

"The pilot project involves SMP Bank and Rossiya Bank, those for which the story is very critical and important. These are quite large banks,” the head of the Russian National payment system (NPS) Vladimir Komlev said in an interview with Rossiya 24 TV.

The move comes as a part of Russia’s ambitious initiative to move away from the Western dominance of its financial markets. Last month the Russian Central Bank said it would have its own international inter-bank payment system, an alternative to the global SWIFT network up and running by May 2015.

READ MORE: Russia to launch alternative to SWIFT bank transaction system in spring 2015


Way ahead of May. Putin knew this currency war was coming and has all his pawns in place. damned.gif
failboat Show this Post
12-17-2014, 01:51 PM #12
failboat Incognito Anonymous
 
(12-17-2014, 02:58 AM)Not Gumby Wrote:  1 Mexican Peso equals

4.73 Russian Ruble

Not a good day in Russia

chuckle.gif
12-19-2014, 02:55 AM #13
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
"It's A Huge Crisis" - The UK Oil Industry Is "Close To Collapse, People Are Being Laid Off"

Quote:With great delight we present the latest blowback from Obama's "brilliant" strategy to cripple Putin: in addition to the default wave about to crush America's own shale industry, America's biggest foreign ally and military partner when it comes to "ideologically pure missions of liberation" - the UK, and specifically its North Sea oil industry which according to the BBC is in a "crisis" and according to Robin Allan, chairman of the independent explorers' association Brindex, the industry was "close to collapse". "It's almost impossible to make money at these oil prices", said a director of Premier Oil. "It's a huge crisis. It's close to collapse. In terms of new investments - there will be none, everyone is retreating, people are being laid off at most companies this week and in the coming weeks. Budgets for 2015 are being cut by everyone."

The brother of a co-worker in Alberta tar sands is out of work. They're being hammered too. They need above $80/bbl to make money. I see gas here is now $1.07 cdn / litre. Roughly $4/gallon or €0.75/litre.
12-19-2014, 03:04 AM #14
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,575 Threads:1,443 Joined:Feb 2011
Less than half of what we would pay if we did things like drive. chuckle.gif

wonder.gif
12-19-2014, 03:12 AM #15
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
(12-19-2014, 03:04 AM)JayRodney Wrote:  Less than half of what we would pay if we did things like drive. chuckle.gif

hug.gif Hej sweetie

I'd love to not have to drive. Even if we lived in town uhoh.gif I'd still have to, my work site is miles from the nearest bus stop.



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