zerohedge @zerohedge 10m10 minutes ago
Russia Has Begun Selling Its Gold, According To SocGen
http://www.zerohedge.com/news/2014-12-18/russia-has-begun-selling-its-gold-according-socgen …
zerohedge @zerohedge 10m10 minutes ago
Russia Has Begun Selling Its Gold, According To SocGen
http://www.zerohedge.com/news/2014-12-18/russia-has-begun-selling-its-gold-according-socgen …
Hwæt! Wé Gárdena in géardagum þéodcyninga þrym gefrúnon· hú ðá æþelingas ellen fremedon. - Listen! We of the Spear-Danes in the days of yore, of those clan-kings heard of their glory. How the worthy princes performed courageous deeds.
I would explain things to you but....I'm all out of crayons and puppets.
Breaking Politics @breakingpol 5m5 minutes ago
Obama signs new Russia sanctions bill into law, does not intend to impose new sanctions at this time - @Reuters
http://www.breakingnews.com/t/NCb
More: President Obama says Russia sanctions bill gives administration 'additional authorities that could be utilized, if circumstances warranted' - statement
Russia's economy is based on oil, expensive oil
Putin is speaking of being the New Holy Roman Empire- reclaim the Soviet Empire
Hyper-inflation, is one of the options Obola has as a way of paying off the national debt and claiming his God-hood
What The Chinese will do in response to being bankrupted by Obola. They could seize the Hawaiian Islands as payment
They swore, if we gave them our weapons, that the wars of the tribes would cease.
“As a general rule, the earlier you recognize someone is trying to kill you, the better off you’ll be.”
"You think a wall as solid as the earth separates civilisation from barbarism. I tell you the division is a sheet of glass."
The EU Is Putting The Screws To Putin
Foreign policy chief Federica Mogherini said that while the collapse of the ruble was "not good news" for Russia, the EU or the world, sanctions would continue until Moscow stopped backing rebels in eastern Ukraine.
"President Putin and the Russian leadership should reflect seriously about the need to introduce a radical change in attitude towards the rest of the world, and switch to a cooperative mode," she told reporters.
In the latest round of sanctions that have been coordinated with Washington, the EU agreed Thursday to ban all investment in Crimea and cruise ships from its ports as further punishment for Russia's annexation of the region from Ukraine in March.
http://www.businessinsider.com/afp-e...stment-2014-12
The devaluing of the Ruble is making it cheaper for Russia to pump out oil....
FOOD prices are still going up in the USA, so trying to bash Russia on food prices, people seem to ignore what its doing on the rest of the world markets....
Russia WILL SURVIVE THIS, they will come out stronger and the world will be stunned into silence (IE WAR)...
Barry Ritholtz @ritholtz 1h1 hour ago
LOL !?! HERE COMES RUSSIA'S QE More bad news for Putin: Russia's banks need to be bailed out now
http://wpo.st/_8Ry
The latest news is that Russia's banks are going to need a bailout, and soon. The interest rate they charge each other on short-term loans—which shows how much they believe in each other's solvency—shot up to 28.3 percent on Thursday, higher than it was even during the 2008 crisis. And, to give you an idea how big the black hole in Russian bank balance sheets must be, this is all happening despite the fact that the central bank just said that banks could pretend that they don't have losses. Okay, it didn't exactly say that, but close enough. Specifically, Russian banks can stop marking their losses to market, and use the old exchange rate to calculate the "value" of the assets on their books. Potemkin balance sheets, though, aren't enough to fool the bankers themselves. They know how broke their banks are, so they don't trust any others. The Russian government is going to have to inject money—and real money, like dollars—into the banks to end this credit crunch.
That's money that Russia is going to start running out of. It spent $80 billion unsuccessfully defending the ruble this year, and although it has over $400 billion left, only half of that may really be useable. Now, it has managed, at least for now, to stabilize the ruble at around 61 per dollar by spending a little bit more of its war chest of dollars. But that doesn't change the reality that the fundamentals of its economy are weak—and are only going to get worse.
Economic terrorism is real fun when it is happening to someone else. I am praying for the Russian people.
Douglas Kass @DougKass 12m12 minutes ago
The first casualty of the Russian currency crisis outside of Russia is Belarus. CB hikes interest rates to 50% for overnight credit.
Steve Collins @TradeDesk_Steve 2h2 hours ago
Danske says that Russia could hike rates by another 1000 bp (10%) to 27% if oil falls much further.
Bloomberg TV @BloombergTV 2h2 hours ago
Ruble’s collapse drives automakers out of Russia
http://bloom.bg/1wSOhDB
Bloomberg TV @BloombergTV 2h2 hours ago
Russian economy turns Achilles heel for Nike and Adidas
http://bloom.bg/1xtBLx1