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Thread: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another Who

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

    Submitted by Tyler Durden on 08/27/2014
    Several months ago, when Russia announced the much anticipated "Holy Grail" energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar's stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a US Dollar reserve currency, neither is yet able to provide an alternative.

    This changed in late June when first Gazprom's CFO announced the gas giant was ready to settle China contracts in Yuan or Rubles, and at the same time the People's Bank of China announced that its Assistant Governor Jin Qi and Russian central bank Deputy Chairman Dmitry Skobelkin held a meeting in which they discussed cooperating on project and trade financing using local currencies. The meeting discussed cooperation in bank card, insurance and financial supervision sectors.

    And yet, while both sides declared their operational readiness and eagerness to bypass the dollar entirely, such plans remained purely in the arena of monetary foreplay and the long awaited first shot across the Petrodollar bow was absent.

    Until now.

    According to Russia's RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers. Meaning Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is conerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world.

    The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan | Zero Hedge

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    556. Petro-dollar, the cause of Iran war (7/4/08)

    People think the nuclear ambition of Iran is the reason for Iran war. That is only right on Israel's part. For US part, it is petro-dollar.

    US dollar is appointed currency in oil trading. Because the oil trade is a huge business, a large amount of dollar is locked up in that trade. That money is called petro-dollar. Why it is so important to US? Because it acts as a long term none interest loan The prosperous US economy partly was based on the petro-dollar - a long term loan without interest. Let me depict it in this way:

    US bought a house from Japan (whom represents the oil customers of Iran) for one million dollars. US also bought another house from France (whom represents other oil customers of OPEC) for one million dollars. Japan and France use these two million dollars as fund to buy oil. The money was used in oil trading circle and never back to US. US enjoys the two houses almost free. He doesn't have to pay monthly mortgage payment. Not a penny for interest, nor for principle. All the cost was the printing of a green back paper. However, that green back paper - petro dollar, is still a debit note. How long is it? So far it's more than forty years - since dollar became the appointed oil trade currency.

    But suddenly, Iran refuses to accept dollar. Japan has to ask US to exchange that one million dollar into Euro or yen. What US can do is: 1. to get the dollar back by export more merchandise. But he is not able to. He has a trade deficit already. 2. To get the dollar back with gold or foreign currency reserve. But he hasn't that much reserve. 3. To lock up that extra one million dollar in US Bond by raising the interest rate to attract the buyer. But he unwilling to do it. There is a sub-prime crisis in real estate market. Any interest increase will further devalue the house. Feds holds a large amount of real estates in my case, they don't allow such thing to happen. So to solve the problem, they go to the fourth option. 4. By pushing up the oil price.

    France (other oil consumption countries) keeps one million dollar as oil trading fund. How much does he need if the oil price doubled? Two million. Thus the one million dollar Japan abandoned is absorbed by France. That's why the oil price jumped like crazy in recent days - a tricky way to keep US dollar from collapsing.

    US has to pay for high oil price too. Ordinary people bear the cost. But the high oil price will hurt the economy. The condition won't last long. So war on Iran is unavoidable.

    Of course, US is a "democratic" country. It can't start a war because others refusing to use its currency. Then beware of another 911 style false flag attack.

    We know there was an incident of live nuclear head weapons being carried over the continental US by a B-52 last August. There is attempt of dirty bomb attack in Houston this year.
    Quote, "State of Emergency: The US in the Final Six Months of the George W. Bush Administration
    by Lewis Seiler and Dan Hamburg
    June 13, 2008 by CommonDreams.org
    .......
    Former National Security Agency analyst and naval intelligence officer Wayne Madsen has been in Houston investigating the Carnaby case at great personal risk. Madsen believes Carnaby was involved both in heading off a potential war with Iran (by leaking Mossad plans to assassinate Hezbollah leader Hassan Nasrallah just days before Carnaby himself was killed) and in trying to forestall a potential terrorist attack on the port.
    According to Madsen, “federal agents in Houston fear that ‘another 9/11-type part false flag’ attack is imminent, perhaps as early as July 4.”.......

    State of Emergency: The US in the Final Six Months of the George W. Bush Administration | Common Dreams | Breaking News & Views for the Progressive Community

    Another time factor for Iran war is the Olympic Game in August. China has interest in Iran. He is an oil customer of Iran. Olympic Game could be an extortion chip for China's support in Iran war.

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    Banned From U.S. Banks, Russian Oil Giant Turns To Even Bigger Banks In China
    Russian state owned oil company Gazprom is turning to China for foreign sources of capital now that the U.S. and European financial markets are closed to them.

    Beijing is trying to open its capital markets, and lending to foreign institutions is par for the course. Gazprom make for a solid borrower, with tons of collateral in the form of gold…black gold that is. For Gazprom, Chinese interest rates aren’t as low as what Western banks can offer. But they are still more attractive than Russian banks. China’s benchmark interest rate is 6%, while Russia’s rate is 8%.

    Banned From U.S. Banks, Russian Oil Giant Turns To Even Bigger Banks In China - Forbes

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    So what?

    "East is East, and West is West & ne'er the twain shall meet".

    Basically, business is business. Bank 'A' offers a better deal than Bank 'B'. Therefore, because a customer chooses to use Bank 'A' means it is because they offer a better deal than Bank 'B'. If Bank 'B' changes it's policy & decides to undercut Bank 'A's offer, then the customer will most probably switch to using Bank 'B'. It does not mean it's down to Major International Political Conspiracy Theories.

    You really need to get a life.

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    You missed the point. It's not a business choice. It was forced to. Do you understand what "ban" means?

    The Cost Of Putin’s Ukrainian Adventure: Russia’s Currency Is Plummeting

    The Russian ruble is worth 41% less, in dollar terms, than it was on January 1. U.S. and E.U. sanctions, plus a big drop in oil prices, are to blame. posted on Nov. 6, 2014,
    The Russian currency, the ruble, has plummeted this year, hitting fresh lows of 46 rubles to the dollar on Thursday. It traded at 40 rubles to the dollar just in the last month, and has depreciated 41.8% this year.

    That means that if you had $100 worth of rubles on January 1, they would be worth less than $60 today.

    http://www.buzzfeed.com/matthewzeitl...-currency-is-p

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    So now you're criticising the sanctions placed on Russia for their clearly illegal acts of invasion of Crimea & Ukraine? Your protests, if anything show that the sanctions are starting to have their desired effect. Good!! If they can be made to desist without the further use of bloodshed, more's the better - or are you more in favour of an all out assault which would simply lead to a Nuclear Armaggedon?

    Far from the days of military supremacy, Russia is fast becoming reliant on its existence as a Capital Based State so in order to stop them in their tracks they have to be hit where it hurts. That much is common sense.

    The business side of things still holds true though. Although the West would not be prepared to offer loans etc., none of them would refuse having money invested in their own coffers.

    You are also treating the fact that Russia deal with China & other Communist countries like it's some Stop Press Shock Horror thing. I can assure you that's it's not. The clue's in the name of the political regime. Communist countries will side with other Communist countries, while Capitalist ones will side with Capitalist ones. The problem is that Russia is in the phase of changing from one to the other & it wants the best of both worlds.

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    The Kerry-Abdullah Secret Deal And An Oil-Gas Pipeline War On Iran, Syria And Russia

    By F. William Engdahl

    27 October, 2014
    Engdahl.oilgeopolitics.net

    The Kerry-Abdullah Secret Deal And An Oil-Gas Pipeline War On Iran, Syria And Russia By F. William Engdahl

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    That is interesting, however, a few facts:
    Of the top five oil producers in the world, today, wanna guess how many of them are OPEC Members?
    One. Saudi Arabia.
    And of the top ten, only five are OPEC members.
    The top three producers produce as much as all of the OPEC nations combined.

    So OPEC has outlived its usefulness to the Saudis. They now compete with only two other producers.
    Wanna guess who those other two are?
    It may not be so much that I've conceded your point as that you just can't hear me rolling my eyes.

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    Russia still adding to gold reserves big time

    With an addition of 18.7 tonnes in October, Russia continues to build up its gold reserves.

    Author: Lawrence Williams
    Posted: Friday , 21 Nov 2014

    LONDON (Mineweb) -

    The latest announcement from the Russian Central Bank shows that the nation is still accumulating gold at a high level. Total gold reserves according to figures compiled by Nick Laird of Gold Charts.:.ShareLynx Gold.:.Silver.:.PGMs.:. have now reached 1,169 tonnes having been expanded by a further 600,000 ounces (18.7 tonnes) in October.

    Russia still adding to gold reserves big time - GOLD NEWS - Mineweb.com Mineweb

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    Re: Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another

    Register to remove this ad.
    Russia falls in US' oil trap, or US falls in "Putin's gold trap? Interesting article to read.

    Grandmaster Putin’s Trap

    Thu, Dec 25, 2014

    Russia, United States
    By Dmitry KALINICHENKO (Russia

    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.

    Grandmaster Putin’s Trap*|*Oriental Review

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