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Showing posts with label Dollar reserves. Show all posts
Showing posts with label Dollar reserves. Show all posts

Thursday, December 25, 2014

Grandmaster Putin’s Trap

Thu, Dec 25, 2014
By Dmitry KALINICHENKO (Russia)

Grandmaster Putin’s TrapAccusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.

Any accusations against this man only emphasize his ability for quick analytical thinking and making clear and balanced political and economic decisions.

Often Western media compares this ability with the ability of a grandmaster, conducting a public chess simul. Recent developments in US economy and the West in general allow us to conclude that in this part of the assessment of Putin’s personality Western media are absolutely right.

Despite numerous success reports in the style of Fox News and CNN, today, Western economy, led by the United States is in Putin’s trap, the way out of which no one in the West can see or find. And the more the West is trying to escape from this trap, the more stuck it becomes.

What is the truly tragic predicament of the West and the United States, in which they find themselves? And why all the Western media and leading Western economists are silent about this, as a well guarded military secret? Let’s try to understand the essence of current economic events, in the context of the economy, setting aside the factors of morality, ethics and geopolitics.

Development of crude oil prices.
After realizing its failure in Ukraine, the West, led by the US set out to destroy Russian economy by lowering oil prices, and accordingly gas prices as the main budget sources of export revenue in Russia and the main sources of replenishment of Russian gold reserves. It should be noted that the main failure of the West in Ukraine is not military or political. But in the actual refusal of Putin to fund the Western project of Ukraine at the expense of the budget of Russian Federation. What makes this Western project not viable in the near and inevitable future.

Last time under president Reagan, such actions of the West’s lowering of oil prices led to ‘success’ and the collapse of USSR. But history does not repeat itself all the time. This time things are different for the West. Putin’s response to the West resembles both chess and judo, when the strength used by the enemy is used against him, but with minimal costs to the strength and resources of the defender. Putin’s real policies are not public. 

Therefore, Putin’s policy largely has always focused not so much on effect, but on efficiency.
Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.

No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.

Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!

To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the Russia coming from the sale of oil and gas over the same period.

goldMoreover, in the third quarter the purchases by Russia of physical gold are at all-time high record levels. In the third quarter of this year, Russia had purchased an incredible amount of gold in the amount of 55 tons. It’s more than all the central banks of all countries of the world combined (according to official data)!

In total, the central banks of all countries of the world have purchased 93 tons of the precious metal in the third quarter of 2014. It was the 15th consecutive quarter of net purchases of gold by Central banks. Of the 93 tonnes of gold purchases by central banks around the world during this period, the staggering volume of purchases – of 55 tons – belongs to Russia.

Not so long ago, British scientists have successfully come to the same conclusion, as was published in the Conclusion of the U.S. Geological survey a few years ago. Namely: Europe will not be able to survive without energy supply from Russia. Translated from English to any other language in the world it means: “The world will not be able to survive if oil and gas from Russia is subtracted from the global balance of energy supply”.

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Friday, September 5, 2014

On The Brink Of A Major Crisis: "This Will Be A Literal Collapse of the Entire Global Monetary System"

Providing the conspirators can perpetuate conflicts amongst  the klans of their subjects, and deflected away from themselves, the danger of a "people's justice" befalling to themselves shall be repulsed. Things are going swimmingly for them to now.

Mac Slavo 
September 5th, 2014

Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn't just operate inside of a bubble. It is the world's reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide.


This is 33% of the nations of the world all submitting their currency sovereignty to the US Federal Reserve.
If and when the U.S. loses its currency status this will be a literal collapse of the entire global monetary system… A system that is built on lies, fraud and theft.



As you might have guessed, when the game is finally up it will wreak havoc across global economies, financial markets and monetary systems. Should that ever happen, those who have failed to exchange their fiat currencies for physical goods of some sort are going to have a rude awakening.

As preparation for a currency collapse of unprecedented magnitude, contrarian economists and analysts recommend acquiring physical assets ahead of time. Because after the 'event,' it will be too late for the majority, as their dollars become nearly worthless and the cost of essential goods like food and energy skyrocket to nearly unnatainable levels as priced in dollars.

We have seen it time and again throughout recent history. Germany's Weimar Republic, Hungary, Zimbabwe and most recently Argentina, have all experienced currency collapses. And in all instances one asset has stood the test of time and become the currency of choice when traditional systems of commerce collapsed.

Living in the heart of the Fiat bubble, Americans especially have forgotten about the one true currency. With the nation approaching nearly $20 trillion in national debt our entire system is built on a lie. But this lie affects the entire world because the US dollar is the world's currency.

The gold market has been so distorted by governments and central banks around the world that today in an environment of quantitative easing, trillion dollar annual deficits, and negative interest rates, you can exchange your Fiat currency for an ounce of gold for less than the cost a mining company takes to produce it.

In 2013 all-in costs were $1620 per ounce, with an average price of $1411 per ounce. Recently gold has sold for less than $1300 an ounce.

Physical demand is currently setting records, with most of the demand coming from the east. Soon, North America and the world will begin to accumulate gold. 

The world is on the brink of a major fiat currency crisis.

The evidence for a continued downturn in the U.S. economy and further deterioration of the U.S. dollar is clear. The likely end result is a total collapse of Americans' way of life.

Ask yourself these three questions to help you determine your best course of action:

  1. What is the dollar's most likely future?
  2. Are you overly exposed to dollar denominated assets like your income, savings and the country you reside in?
  3. Can you envision a scenario where the world turns against the U.S. dollar?

When it happens only those who own physical assets not dependent on the U.S. dollar will maintain any semblance of wealth. Everyone else will be, almost instantaneously, relegated to third world status.
​Source SHTF​


Monday, July 7, 2014

▶ Century of Enslavement: The History of The Federal Reserve - YouTube

Very well done - impressed!

Published on Jul 6, 2014
TRANSCRIPT AND RESOURCES: http://www.corbettreport.com/federalr...

What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.







Wednesday, May 21, 2014

Disgorging US Dollar Reserves: Russia bought 28 tonnes of gold in April

Frank Knopers 21 mei 2014 

Russia bought 28 tonnes of gold in April, according to the latest data released by the Bank of Russia. With the purchase, valued at a market price of $1,17 billion, Russia expands it’s gold holdings to a total of 1.070 tonnes. This purchase was the largest since may 2010, when the Bank of Russia added 34,22 tonnes to their gold holdings. The country has been buying substantially since 2006, when it had only about 250 tonnes in their vaults. With the present gold hoard at 1.070 tonnes, Russia ranks sixth among the largest gold holdings in the world.

Since 2006, Russia values it’s gold reserves at the current market price, instead of a fixed historical price. This valuation method is derived from the Eurosystem, which values the European gold reserves at market prices each quarter since the inception of the euro currency. The central bank of Russia valued their gold at $44,3 billion on the 1st of May, which is about 9,4% of their total reserves of $471,1 billion. One year ago, Russia held a larger percentage of their reserves in precious metals, but because of the falling gold price, the percentage dropped as well. By adding yellow metal to the reserves, Russia is approaching the 10% target once again.

Shift from dollars to gold

According to central bank governor Sergey Shvetsov, Russia will keep adding gold to their reserves as a way to diversify from currency reserves. “Last year we bought approximately 100 tonnes of gold. 

This year it will be less, but it is still a substantial amount.” At the same time Russia is selling dollar reserves. According to the latest TIC-data of the Federal Reserve, Russia has sold almost $26 billion of dollar reserves in March alone. Compared to one year ago Russia sold $50 billion of their total dollar holdings. This is a reduction of about 33% in one year.

Russia bought 28 tonnes of gold in April (Source: Goldchartsrus.com)
via marketupdate.nl