Chevron pulls out of Ukraine $10 billion shale deal. Chevron owns senators and a lot of those involved in the junta/coup. Bad knews for the Kiev criminal junta.
I’m recently spending 5 hours per day hanging on ZH for some good news. Yesterday was the most terrible day (not only) for the Rouble, but also other oil producing BRICS nations’
Well, also I thought of another thing: #0.) December 15th was appearently the first day when the new SWIFT work-around system was ever put to work for testing. So Russia _needed_ to wait until now. #1.) I think it unites the Russians to see, which deadly effect the West’s actions will have. And: Not only to Putin or some elite in Moscow, but to all Russians! No matter if in Kaliningrad, Wladivostok or Ufa. This should be a wake-up call, an emergency alert. To support Putin unconditionally (!) with his policy to protect Russia, rather than to give in, in, in until surrender. Now folks should “get it” why Putin needs to introduce some protective policies. Otherwise some of the average folks could have fallen into the trap of believing ZioNazi CNN/BBC/ARD/ZDF/REUTERS/AFP … fairy tales. I hope I’m right. But that’s how it appears to make sense. FINALLY some action. You cannot imagine how much I was addicted to financial blogs in the hope of seeing something like that! Let’s pray it will work.
Higher interest rates to that point(17 pct)is a wrong answer.It an open invitation for the banksters to go ahead with more speculation. Remember when Soros killed the UK Pound. I’m sure Soros is once again behind this attack.As he is a top ukie defender.
But collateral damages are also on the horizon as Us Shale and Canadian tar sands are entering a very difficult period as well. Oil companies already lost billions as their shares plunged for a few weeks. Stock exchanges in general are all down and have lost more than 1.5 trillion usd according to ZH.
The big oil companies will survive,but medium and small producers it is not so sure.
Do not forget that the all Shale ‘miracle’ is another assets bubble or a new Ponzi,largely overvalued.
By targeting Russia the Empire and his saudi whores,are also killing their main opponents like Venezuela,Nigeria,Angola,Algeria,Brazil,Ecuador to name just a few.
Seriously? You do know that Zero Hedge has been wrong about just about everything for five years, right?
It’s become kind of a joke as in “Zero Hedge is the perfect contrarian indicator.”
How anyone can see this rate hike as positive is beyond me. Do you know what message it sends to the world community: Russia is losing control; they are getting desperate.
This move may bring temporary relief for a couple days, but the selling will resume.
Some people, such as PCR and Imran Hosein, were trying to awaken all of you believers in the “everything is under control” theory, when clearly it was not. And I remember all the flak PCR got because of it. As Imran Hosein said, you cannot beat them at their own game.
You have to change the rules.
Now it may be too late for Russia.
At this point I just hope Putin doesn’t end up like Kadhafi.
The declassified portion corresponds to only one-twelfth of the initial report.
The report itself does not address the vast removal and sequestration system that the US Navy had put in place during the terms of President George W. Bush; a program that has led to worldwide kidnapping and sequestration of more than 80 000 people aboard 17 flat-bottomed boats stationed in international waters (these ships are: USS Bataan, USS Peleliu, USS Ashland, USNS Stockham, USNS Watson, USNS Watkins, USNS Sister, USNS Charlton, USNS Pomeroy, USNS Red Cloud, USNS Soderman, USNS Dahl MV PFC William B Baugh, Alex Bonnyman MV, MV Franklin J Phillips, MV Huage Louis J Jr, James Anderson Jr. MV). It is content to study 119 cases of human guinea pigs subjected to psychological experiments in Guantánamo and fifty secret prisons from 2002 to late 2009, a year after the election of Barack Obama.
The banksters at the RCB are making panic declarations which is suicidal and a total nonsense.
For exemple they forecast a GDP fall in 2015 between 4.5 and 4.8 pct…it is stupid to make such declarations(even more as they really have no idea at all of what’s going to happen in 2015,not even in one month).They talk about a ‘nightmare’…Even if it was true,NEVER make that kind of communiques. They must be opening their best Champagne right now at the US/UE/NATO.
If they wanted a panic selling and a bank run in Moscow,that was the perfect thing to do.
”A few hours before announcing the increase in the policy rate the central bank had set a nightmarish picture of the coming year to Russia Monday , warning that the gross domestic product could fall by 4.5 % to 4.8 % if oil prices stay around $ 60 a barrel , the current level.”
What America Does Not Understand About Russia & Oil.
As hard as it is to believe – given the strength of the “Russia-is-doomed” meme – Crude oil prices for Russia (in Rubles) are unchanged since February… This is important as all costs are Ruble denominated while revenues are USD denominated, leaving Russian oil companies’ margins insulated despite the dollar decline in price. In addition, the Russian government is easing the export taxes which further improve the profitability of Russian oil. So as US Shale Oil sector is destroyed by its USD costs, it appears Putin’s core energy industry is somewhat insulated… and America’s late-80s “defeat The Sovet Union” playbook is failing.
@Anonymous ridiculing ZH: Bring on the Rentenruble. Kill speculation.
Hjalmar Schacht stopped the foreign speculators attack on the German Mark by substituting the Rentenmark which was only accepted in Germany and not Legal Tender for foreign transactions by pure speculators.
The Rentenmark was backed by land and other industrial hard assets , so was accepted for use by the German people. That ended the Weimar inflation and caused speculator losses among the foreign speculators because the Reichsbank refused to convert their “profits” of US Dollars bought with promise to pay in Marks, instead issuing only Rentenmarks for the USD. [The sellers of USD demanded payment in Marks, which were Legal Tender so good for international trade. The specs expected to pay by waiting until the Mark weakened, using some of their hi-valued USD to payoff their borrowings with cheapened Marks. Instead, the Reichsbank gave them 1 Rentenmarks per BILLION Marks ratio for their profferred USD.]
Thusly was the “carry-trade” smashed.
One commentator just posted: Announcement extended duration of loans at 17% from 90 days to 549 DAYS!
This move is much more than a currency prop-up – it is a HUGE, LOUD statement against US
So, why do you trash ZH? What they predicted mostly arrived. The rest will also come, only a bit later than expected.
BTW: At least equally as interesting as ZH itself are its many reader’s comments. For example, last week they predicted all the current volatility, reported about 5 Hindenburg Omen’s in 6 days and so on, and: Voila.
Prediction came true.
Another thing I found there: Did you ever wonder why the cycle of recession versus bubble frequently is 7 years long? Alledgedly, because of the Sabbatical year and blood Moon, every 7 years. Now watch this: http://www.chabad.org/library/article_cdo/aid/538797/jewish/When-is-the-next-Sabbatical-year.htm This coming year on the Jewish calendar, 5775 (Sept. 24, 2014–Sept. 13, 2015), will be the next Sabbatical year.
And go back 7 years, and another 7 years and another … I share your pessimism and fears, but it is nonsense to call ZH “useless”.
@Anonymous: Explain to me what is more the sign of running out of ideas: 17%? Or maybe rather the Fed’s and ECB’s 0% or even negative interest rates?
Yellen announced tapering, right. And this is exactly what will blow up the world economy. It’s not only low oil prices anymore. watch ZH’s articles from last Friday and Thursday. The bubble will is going bust! By no means only Russia alone. Together with it other emerging economies. But in today’s interconnected world this could trigger a sharp back-fire. Some folks believe, at first the USD will be bullish and go harder and harder, just to finally implode. Financial complexity is – well: Complex. I don’t know, but believe me a single thing: I WON’T GIVE UP MY LOVE FOR RUSSIA, nor my BELIEF and H O P E
@Anonymous: Also, what do _you_ propose to solve the situation?
The RCB to intervene in order to keep the USDRUB and EURRUB stable is just what the West want: Because this would eat up RCB’s western currency reserves.
Let a few more days or weeks come, and let China join in. The current scenario will clearly only be an interim step to contain damage.
This entire recession has been planned and orchestrated by the Banksters all along, and now they just pulled the trigger. I doubt, Russia didn’t expect this. I rather think, they did expect it, but this now partially explains Russia’s reluctance to openly send troops into Novorossiya last summer.
If you watch Denver airport or the seeds bank in the Arctic, combined with the demands by “human rights activists” to _REDUCE_ the world population to less than 1 billion, I get a cold shower over my neck. Denver: Denver International Airport Conspiracy https://www.youtube.com/watch?v=aHQByhaIY_k Clean up your house, it may be the last time.
Its nice to see a black guy over there in Eastern Europe. I read a horrible essay about an Ethiopian guy who is married to a Ukrainian girl and they have children…He has to hide constantly.. Neither side of the fighting are ok with him…the SE Separatists don’t care and the others…well…you can only imagine…this guy was so scared its pathetic. And his children are also in danger…he says he NEVER goes out of the basement. His wife has to do all the gathering of food, recharging their cell phones and everything else that goes along with this horrible situation. No electricity, no food, no water, bombs and gunfire…oh my God.
Martin, I also am not a fan of Zerohedge…Jack Burton can write well, but usually its not the best for info and can be contradictory from one article to another. Didn’t you read Saker’s articles about the problems with the Russian Central Bank? I mean if you come to this site and make comments that are directly opposite from what we are reading here every day, then you are going to run into comments like the one that offended you.
“””””Higher interest rates to that point(17 pct)is a wrong answer.It an open invitation for the banksters to go ahead with more speculation.”””””
Explain in detail? Until now I heard the opposite, namely that The Fed’s ZeroPercentInterestRatePolicy since 2008 kept the comateuse Economy liquid artificially, but on the other hand invited all the markets rigging, speculation and very notably HyperFrequencyTrading Algos. So how can now the opposite be true? The downside of 17% interest rate is: While speculation is made expensive and unprofitable, the economy is (unfortunately) _not_ kept in liquidity. And worst of all: Nobody will get or can economically afford getting loans. THIS KILLS EVEN THE STRONGEST ECONOMY after some while. Under normal conditions, that is. I doubt the Kremlin advisors aren’t aware of this. The question is rather: Which Xmas surprise will the unleash the change the conditions from “normal” into special, in order to rescue the BRICS economies … ?
I agree with you, it’s all risky and very dangerous. But as Saker explained time and again: No matter which way to go, the time of easy solutions and secure 100% waterproof paths is GONE. We are no longer in pre-1953 …
“””””Ann has left a new comment on the post “15.12.2014 Ukrainian crisis news. Latest news of U…”:
Martin, I also am not a fan of Zerohedge…Jack Burton can write well, but usually its not the best for info and can be contradictory from one article to another. Didn’t you read Saker’s articles about the problems with the Russian Central Bank? I mean if you come to this site and make comments that are directly opposite from what we are reading here every day, then you are going to run into comments like the one that offended you. “””””
@Ann: .
A few clarifications:
#0.) “if I come to this site and …” —>> I come here every day and night! It is only, that I cannot spend several hours per day getting into the addiction of writing comments and waiting for responses :)
#1.) Who the hell is pseudonym “Jack Burton” on ZH? Most articles there are written by “Tyler Durden” (which is also only a pseudonym)
#2.) I didn’t get personally offended. I just disagreed on the thechnical point of view. In some cases 100% obviously and clearly, in others nobody (!) can be 100% “know” the “truth” or superdooper wonder “recipe”. In these cases it is better to exchange ideas in a soft manner, to grow from the discussion, rather than streesing: You are sooo wrong. That was the point.
#3.) Where and how do you think did my comments in any way contradict Saker’s articles and analysis concerning the 5th column in Russia, enemy from within, transatlantic TRAITORS, Oligarchs? I 100% understand and share this view! I don’t need much phantasy to imagine such things, because here in germany it is exactly the same situation, only 1000 times worse and more andanced.
Thanks for your mail. I really had no personal “bad feelings”. And: I’M WORRIED MYSELF, too :(
Cheers, %martin, Soviet East-Berlin (almost 6am in the morning here, dammit am I tired)
aT THE MOMENT 1usd ALMOST 80 rub, 1 eur ALMOST 100 RUB RUB down 19.43% today morning only (((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((
The huge interest rate rise signaled to the world that Russia is desperate. That makes them think only a bit more will push them over the edge. So they’ve put the little more and it has snowballed.
Putin had better have an answer to this. Trouble is the rate rise came from the Central Bank, which is (or supposed to be) independent. He could have changed the director, maybe she’s been kept for a reason. No idea.
So now what happens if they stop USING THE RUBLE? De-float it. PEG IT at 90 to the dollar. What happens to all the speculators? especially the short-sellers? How many TRILLIONS of dollars of totally worthless paper will they get stuck with?
Chevron pulls out of Ukraine $10 billion shale deal. Chevron owns senators and a lot of those involved in the junta/coup. Bad knews for the Kiev criminal junta.
http://www.liveleak.com/view?i=51a_1418680966
F I N A L L Y at least something promising: Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17% http://www.zerohedge.com/news/2014-12-15/russia-shocks-emergency-rate-hike-boosts-interest-rate-105-17
I’m recently spending 5 hours per day hanging on ZH for some good news. Yesterday was the most terrible day (not only) for the Rouble, but also other oil producing BRICS nations’
Well, also I thought of another thing: #0.) December 15th was appearently the first day when the new SWIFT work-around system was ever put to work for testing. So Russia _needed_ to wait until now. #1.) I think it unites the Russians to see, which deadly effect the West’s actions will have. And: Not only to Putin or some elite in Moscow, but to all Russians! No matter if in Kaliningrad, Wladivostok or Ufa. This should be a wake-up call, an emergency alert. To support Putin unconditionally (!) with his policy to protect Russia, rather than to give in, in, in until surrender. Now folks should “get it” why Putin needs to introduce some protective policies. Otherwise some of the average folks could have fallen into the trap of believing ZioNazi CNN/BBC/ARD/ZDF/REUTERS/AFP … fairy tales. I hope I’m right. But that’s how it appears to make sense. FINALLY some action. You cannot imagine how much I was addicted to financial blogs in the hope of seeing something like that! Let’s pray it will work.
Higher interest rates to that point(17 pct)is a wrong answer.It an open invitation for the banksters to go ahead with more speculation.
Remember when Soros killed the UK Pound.
I’m sure Soros is once again behind this attack.As he is a top ukie defender.
But collateral damages are also on the horizon as Us Shale and Canadian tar sands are entering a very difficult period as well.
Oil companies already lost billions as their shares plunged for a few weeks.
Stock exchanges in general are all down and have lost more than 1.5 trillion usd according to ZH.
The big oil companies will survive,but medium and small producers it is not so sure.
Do not forget that the all Shale ‘miracle’ is another assets bubble or a new Ponzi,largely overvalued.
By targeting Russia the Empire and his saudi whores,are also killing their main opponents like Venezuela,Nigeria,Angola,Algeria,Brazil,Ecuador to name just a few.
@Martin:
Seriously? You do know that Zero Hedge has been wrong about just about everything for five years, right?
It’s become kind of a joke as in “Zero Hedge is the perfect contrarian indicator.”
How anyone can see this rate hike as positive is beyond me. Do you know what message it sends to the world community: Russia is losing control; they are getting desperate.
This move may bring temporary relief for a couple days, but the selling will resume.
Some people, such as PCR and Imran Hosein, were trying to awaken all of you believers in the “everything is under control” theory, when clearly it was not. And I remember all the flak PCR got because of it. As Imran Hosein said, you cannot beat them at their own game.
You have to change the rules.
Now it may be too late for Russia.
At this point I just hope Putin doesn’t end up like Kadhafi.
Meyssan has read ALL 525 pages of the recent released public summary (redacted yet) report on torture:
http://www.voltairenet.org/article186204.html
The declassified portion corresponds to only one-twelfth of the initial report.
The report itself does not address the vast removal and sequestration system that the US Navy had put in place during the terms of President George W. Bush; a program that has led to worldwide kidnapping and sequestration of more than 80 000 people aboard 17 flat-bottomed boats stationed in international waters (these ships are: USS Bataan, USS Peleliu, USS Ashland, USNS Stockham, USNS Watson, USNS Watkins, USNS Sister, USNS Charlton, USNS Pomeroy, USNS Red Cloud, USNS Soderman, USNS Dahl MV PFC William B Baugh, Alex Bonnyman MV, MV Franklin J Phillips, MV Huage Louis J Jr, James Anderson Jr. MV). It is content to study 119 cases of human guinea pigs subjected to psychological experiments in Guantánamo and fifty secret prisons from 2002 to late 2009, a year after the election of Barack Obama.
The First Sellside Reactions Trickle In: “17% Rate Hike Not Enough” According To Citi, JPM
http://www.zerohedge.com/news/2014-12-15/first-sellside-reactions-trickle-17-rate-hike-not-enough-according-citi-jpm
The banksters at the RCB are making panic declarations which is suicidal and a total nonsense.
For exemple they forecast a GDP fall in 2015 between 4.5 and 4.8 pct…it is stupid to make such declarations(even more as they really have no idea at all of what’s going to happen in 2015,not even in one month).They talk about a ‘nightmare’…Even if it was true,NEVER make that kind of communiques.
They must be opening their best Champagne right now at the US/UE/NATO.
If they wanted a panic selling and a bank run in Moscow,that was the perfect thing to do.
”A few hours before announcing the increase in the policy rate the central bank had set a nightmarish picture of the coming year to Russia Monday , warning that the gross domestic product could fall by 4.5 % to 4.8 % if oil prices stay around $ 60 a barrel , the current level.”
http://www.romandie.com/news/Russie-la-banque-centrale-releve-son-taux-directeur-a-17-contre/546406.rom
Buenos Aires stocks exchange is down ..8.28 pct
What America Does Not Understand About Russia & Oil.
As hard as it is to believe – given the strength of the “Russia-is-doomed” meme – Crude oil prices for Russia (in Rubles) are unchanged since February… This is important as all costs are Ruble denominated while revenues are USD denominated, leaving Russian oil companies’ margins insulated despite the dollar decline in price. In addition, the Russian government is easing the export taxes which further improve the profitability of Russian oil. So as US Shale Oil sector is destroyed by its USD costs, it appears Putin’s core energy industry is somewhat insulated… and America’s late-80s “defeat The Sovet Union” playbook is failing.
http://www.zerohedge.com/news/2014-12-15/what-america-does-not-understand-about-russia-oil
@Anonymous ridiculing ZH: Bring on the Rentenruble. Kill speculation.
Hjalmar Schacht stopped the foreign speculators attack on the German Mark by substituting the Rentenmark which was only accepted in Germany and not Legal Tender for foreign transactions by pure speculators.
The Rentenmark was backed by land and other industrial hard assets , so was accepted for use by the German people. That ended the Weimar inflation and caused speculator losses among the foreign speculators because the Reichsbank refused to convert their “profits” of US Dollars bought with promise to pay in Marks, instead issuing only Rentenmarks for the USD. [The sellers of USD demanded payment in Marks, which were Legal Tender so good for international trade. The specs expected to pay by waiting until the Mark weakened, using some of their hi-valued USD to payoff their borrowings with cheapened Marks. Instead, the Reichsbank gave them 1 Rentenmarks per BILLION Marks ratio for their profferred USD.]
Thusly was the “carry-trade” smashed.
One commentator just posted: Announcement extended duration of loans at 17% from 90 days to 549 DAYS!
This move is much more than a currency prop-up – it is a HUGE, LOUD statement against US
So, why do you trash ZH? What they predicted mostly arrived. The rest will also come, only a bit later than expected.
BTW: At least equally as interesting as ZH itself are its many reader’s comments. For example, last week they predicted all the current volatility, reported about 5 Hindenburg Omen’s in 6 days and so on, and: Voila.
Prediction came true.
Another thing I found there: Did you ever wonder why the cycle of recession versus bubble frequently is 7 years long? Alledgedly, because of the Sabbatical year and blood Moon, every 7 years. Now watch this: http://www.chabad.org/library/article_cdo/aid/538797/jewish/When-is-the-next-Sabbatical-year.htm This coming year on the Jewish calendar, 5775 (Sept. 24, 2014–Sept. 13, 2015), will be the next Sabbatical year.
And go back 7 years, and another 7 years and another …
I share your pessimism and fears, but it is nonsense to call ZH “useless”.
@Anonymous: Explain to me what is more the sign of running out of ideas: 17%? Or maybe rather the Fed’s and ECB’s 0% or even negative interest rates?
Yellen announced tapering, right. And this is exactly what will blow up the world economy. It’s not only low oil prices anymore. watch ZH’s articles from last Friday and Thursday. The bubble will is going bust! By no means only Russia alone. Together with it other emerging economies. But in today’s interconnected world this could trigger a sharp back-fire. Some folks believe, at first the USD will be bullish and go harder and harder, just to finally implode. Financial complexity is – well: Complex. I don’t know, but believe me a single thing: I WON’T GIVE UP MY LOVE FOR RUSSIA, nor my BELIEF and H O P E
@Anonymous: Also, what do _you_ propose to solve the situation?
The RCB to intervene in order to keep the USDRUB and EURRUB stable is just what the West want: Because this would eat up RCB’s western currency reserves.
Let a few more days or weeks come, and let China join in. The current scenario will clearly only be an interim step to contain damage.
This entire recession has been planned and orchestrated by the Banksters all along, and now they just pulled the trigger. I doubt, Russia didn’t expect this. I rather think, they did expect it, but this now partially explains Russia’s reluctance to openly send troops into Novorossiya last summer.
If you watch Denver airport or the seeds bank in the Arctic, combined with the demands by “human rights activists” to _REDUCE_ the world population to less than 1 billion, I get a cold shower over my neck. Denver: Denver International Airport Conspiracy https://www.youtube.com/watch?v=aHQByhaIY_k Clean up your house, it may be the last time.
Its nice to see a black guy over there in Eastern Europe. I read a horrible essay about an Ethiopian guy who is married to a Ukrainian girl and they have children…He has to hide constantly.. Neither side of the fighting are ok with him…the SE Separatists don’t care and the others…well…you can only imagine…this guy was so scared its pathetic. And his children are also in danger…he says he NEVER goes out of the basement. His wife has to do all the gathering of food, recharging their cell phones and everything else that goes along with this horrible situation. No electricity, no food, no water, bombs and gunfire…oh my God.
Martin, I also am not a fan of Zerohedge…Jack Burton can write well, but usually its not the best for info and can be contradictory from one article to another. Didn’t you read Saker’s articles about the problems with the Russian Central Bank? I mean if you come to this site and make comments that are directly opposite from what we are reading here every day, then you are going to run into comments like the one that offended you.
“””””Higher interest rates to that point(17 pct)is a wrong answer.It an open invitation for the banksters to go ahead with more speculation.”””””
Explain in detail? Until now I heard the opposite, namely that The Fed’s ZeroPercentInterestRatePolicy since 2008 kept the comateuse Economy liquid artificially, but on the other hand invited all the markets rigging, speculation and very notably HyperFrequencyTrading Algos. So how can now the opposite be true? The downside of 17% interest rate is: While speculation is made expensive and unprofitable, the economy is (unfortunately) _not_ kept in liquidity. And worst of all: Nobody will get or can economically afford getting loans. THIS KILLS EVEN THE STRONGEST ECONOMY after some while. Under normal conditions, that is. I doubt the Kremlin advisors aren’t aware of this. The question is rather: Which Xmas surprise will the unleash the change the conditions from “normal” into special, in order to rescue the BRICS economies … ?
I agree with you, it’s all risky and very dangerous. But as Saker explained time and again: No matter which way to go, the time of easy solutions and secure 100% waterproof paths is GONE. We are no longer in pre-1953 …
“””””Ann has left a new comment on the post “15.12.2014 Ukrainian crisis news. Latest news of U…”:
Martin, I also am not a fan of Zerohedge…Jack Burton can write well, but usually its not the best for info and can be contradictory from one article to another. Didn’t you read Saker’s articles about the problems with the Russian Central Bank? I mean if you come to this site and make comments that are directly opposite from what we are reading here every day, then you are going to run into comments like the one that offended you. “””””
@Ann: .
A few clarifications:
#0.) “if I come to this site and …”
—>> I come here every day and night! It is only, that I cannot spend several hours per day getting into the addiction of writing comments and waiting for responses :)
#1.) Who the hell is pseudonym “Jack Burton” on ZH? Most articles there are written by “Tyler Durden” (which is also only a pseudonym)
#2.) I didn’t get personally offended. I just disagreed on the thechnical point of view. In some cases 100% obviously and clearly, in others nobody (!) can be 100% “know” the “truth” or superdooper wonder “recipe”. In these cases it is better to exchange ideas in a soft manner, to grow from the discussion, rather than streesing: You are sooo wrong. That was the point.
#3.) Where and how do you think did my comments in any way contradict Saker’s articles and analysis concerning the 5th column in Russia, enemy from within, transatlantic TRAITORS, Oligarchs? I 100% understand and share this view! I don’t need much phantasy to imagine such things, because here in germany it is exactly the same situation, only 1000 times worse and more andanced.
Thanks for your mail. I really had no personal “bad feelings”. And: I’M WORRIED MYSELF, too :(
Cheers, %martin, Soviet East-Berlin (almost 6am in the morning here, dammit am I tired)
OH MY GOD: http://finance.yahoo.com/q?s=usdrub=X
http://finance.yahoo.com/q?s=eurrub=X
aT THE MOMENT 1usd ALMOST 80 rub, 1 eur ALMOST 100 RUB
RUB down 19.43% today morning only (((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((
dEAR gOD, SAY THAT’S NOT TRUE!
From what little I understand of all this,
The huge interest rate rise signaled to the world that Russia is desperate. That makes them think only a bit more will push them over the edge. So they’ve put the little more and it has snowballed.
Putin had better have an answer to this. Trouble is the rate rise came from the Central Bank, which is (or supposed to be) independent. He could have changed the director, maybe she’s been kept for a reason. No idea.
So now what happens if they stop USING THE RUBLE? De-float it. PEG IT at 90 to the dollar. What happens to all the speculators? especially the short-sellers? How many TRILLIONS of dollars of totally worthless paper will they get stuck with?
NAF expecting some kind of false flag…apparently fake NAF-flagged vehicles have been seen in Ukie territory.
Helps that Ukies are telegraphing it by saying they are sooo wwooorrried about terrorist attacks.
http://fortruss.blogspot.com.au/2014/12/naf-intel-kiev-is-preparing-false-flag.html
And also from our favourite translator, an idea why the falling ruble is a GOOD THING (a bit capitalistic)
http://fortruss.blogspot.com.au/2014/12/rouble-vs-dollar-games-from-perspective.html