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

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

    Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another Whopping $40 Billion
    Submitted by Tyler Durden on 05/15/2014 13:23 -0400

    Back in mid-March, there was a brief scare after the start of the Ukraine conflict, when Fed custody holdings plunged by a record $104.5 billion (if promptly bouncing back the following week), leading many to believe that Russia may have dumped its Treasurys, or at least change its bond custodian. We noted that we wouldn't have a definitive answer until the May TIC number came out to know for sure how much Russia had sold, or if indeed, anything. Moments ago the May TIC numbers did come out, and as expected, Russia indeed dumped a record $26 billion, or some 20% of all of its holdings, bringing its post-March total to just over $100 billion - the lowest since the Lehman crisis.

    Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another Whopping $40 Billion | Zero Hedge

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

    Russia Is Doing It – Russia Is Actually Abandoning The Dollar

    By Michael Snyder, on June 10th, 2014

    The Russians are actually making a move against the petrodollar. It appears that they are quite serious about their de-dollarization strategy. The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros. And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom. There hasn't been a word about this from the big mainstream news networks in the United States, but this is huge. When you are talking about Gazprom, you are talking about a company that is absolutely massive. It is one of the largest companies in the entire world and it makes up 8 percent of Russian GDP all by itself. It holds 18 percent of the natural gas reserves of the entire planet, and it is also a very large oil producer. So for Gazprom to make a move like this is extremely significant.

    Russia Is Doing It – Russia Is Actually Abandoning The Dollar

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

    839. Iraqi crisis created to save dollar (6/18/2014)

    In early June, Russia switches the oil payment from dollars to Euros.

    Gazprom Signs Agreements to Switch from Dollars to Euros

    Global Research, June 07, 2014

    Gazprom Neft had signed additional agreements with consumers on a possible switch from dollars to euros for payments under contracts, the oil company’s head Alexander Dyukov told a press conference.

    “Additional agreements of Gazprom Neft on the possibility to switch contracts from dollars to euros are signed. With Belarus, payments in rubles are agreed on,” he said.

    Dyukov said nine of ten consumers had agreed to switch to euros.

    Gazprom Signs Agreements to Switch from Dollars to Euros | Global Research
    This is very important news. If people starting to abandon the dollar, US will be hurt seriously in economy. Yet the news was little reported by the mainstream media. Several days later, the ISIL rebel in Iraq activates an offensive. The puppet Iraqi government retreats without any resistance. As a result, the oil price goes up.


    Oil prices spike as Iraq violence flares
    By Mark Thompson @MarkThompsonCNN June 12, 2014

    Oil prices spiked Thursday to levels not seen in nine months as escalating violence in Iraq sparked worries about crude exports.

    Light crude oil futures touched $106 a barrel, up nearly 2% and the highest price since September 2013.

    Oil prices spike as Iraq violence flares - Jun. 12, 2014
    Since the money used in most oil trading is dollar, the higher oil price will force the buyer to keep more dollar in bank as purchasing power. It’s a big amount if future option is included. Manipulating oil price becomes a strategy to save the dollar. Iraq is a big country of oil production and exportation. Its political stability has huge influence to oil price. US has turned it into a switch to adjust the oil price.

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

    840. US keeps Iraq a battle field to adjust oil price (6/25/2014)

    Since the recent Iraq crisis created by the US is to save dollar, US will maintain the current situation unchanged. A US craft carrier has been deployed in Mid-East, no air attack has done so far.


    Analysis: Obama plan leaves Iraq mostly on its own

    By LARA JAKES 6/20/2014

    Analysis: Obama plan leaves Iraq mostly on its own
    Three hundred US military advisors were sent to Iraq. Their role likely is to instruct Iraqi troops to retreat from cities or oil fields when they want the oil price to go up. Or vice versa.

    The US will turn Iraq into another battle field. Let Arabs fight Arabs. Decades ago, it was Saddam's Iraq vs. Iran. Now it will be Sunni's Iraq, Saudi, Qarda vs. Shiiti Iraq, Iran.

    That's a strategy it used to play, just like it manipulates Democrats and Republicans in domestic politics.



    How the US is Arming Both Sides of the Iraqi Conflict

    By Tyler Durden

    Global Research, June 13, 2014

    How the US is Arming Both Sides of the Iraqi Conflict | Global Research

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

    844. To save the dollar by hitting the Euro (7/17/2014)

    Someone argues,
    Originally Posted by imaginethat
    Russia is the world's largest exporter of oil. Any increase in the price of oil benefits Russia.
    That’s true. But oil price is the fastest way to adjust the demand of the dollar. We saw then the Euro – an alternative to the dollar, is threatened.

    Portugal bank crisis shakes investor confidence
    By Brigitte HagemannJuly 10, 2014

    Lisbon (AFP) - Fears over the health of Portugal's largest listed bank, Banco Espirito Santo, sent its shares into freefall Thursday, shaking stock markets in Lisbon and across Europe and even the Atlantic.

    Portugal bank crisis shakes investor confidence
    Euro is the reserve currency next to the dollar. When dollar is weak that oil buyers have to use Euros for payment to Russian oil, what if Euro’s value is threatened? Similar situation had acted four years ago when US had a financial crisis (the bankruptcy of Leman Brothers caused by sub-prime loan collapse), US resolved it by introducing the Greek financial crisis.

    Wall St. Helped to Mask Debt Fueling Europe’s Crisis

    By LOUISE STORY, LANDON THOMAS Jr. and NELSON D. SCHWARTZ

    Published: February 13, 2010
    Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.

    As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by Goldman Sachs helped obscure billions in debt from the budget overseers in Brussels.

    http://www.nytimes.com/2010/02/14/bu...s&emc=rss&_r=0
    If the high oil price would benefit enemy Russia, then US has to dig into the foundation of ally’s wallet. Last time the ignition was Greece, this time it is Portugal.

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

    845. Another way to weaken the Euro (7/21/2014)

    The energy supply of Europe is heavily dependent on Russia. About one third to 40% of its natural gas and oil are imported from Russia. One important gas pipe is inside Ukraine. If there is a turmoil in Ukraine, the gas supply to Europe will be affected. The economy of Europe would be weakened, so be the Euro. That’s why we saw an upheaval in Ukraine.

    Ron Paul Defends Russia After Malaysian Plane Crash
    .
    By Colin Campbell Jul 21, 2014,

    One of those unreported things, Paul claimed in his weekly "Texas Straight Talk" column, was the United States' own responsibility for destabilizing the region. Ukraine is currently embroiled in violent conflict between the Ukrainian government and the pro-Russian separatists.

    "They will not report that the crisis in Ukraine started late last year, when EU and US-supported protesters plotted the overthrow of the elected Ukrainian president, Viktor Yanukovych.

    Without US-sponsored 'regime change,' it is unlikely that hundreds would have been killed in the unrest that followed. Nor would the Malaysian Airlines crash have happened," Paul wrote.

    http://finance.yahoo.com/news/ron-pa...151731466.html
    Here EU used to be a follower of the US. I think the Europeans have sensed the coming danger the US will bring to them. German is a major power of EU. Recently, German has twice revealed two US spy cases and eventually expelled a CIA intelligence official. That’s unusual.

    Germany Demands Top U.S. Intelligence Officer Be Expelled
    Posted 10 July 2014 - 07:36 PM

    BERLIN — Germany’s relations with the United States plunged to a low point Thursday, with the government demanding the expulsion of the chief American intelligence official stationed here because, it said, Washington has refused to cooperate with German inquiries into United States intelligence activities.

    http://www.nytimes.com/2014/07/11/wo...icer.html?_r=1
    I would say German has sensed (or with its state ability, having the intelligence) that US would sacrifice European’s economy by creating a crisis in Europe. It could be terror attack; or war. The deportation of US intelligence official is just a warning or protest of disagreement. Several days later, Malaysia airliner MH17 was down in Ukraine.

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

    Thanks for continuing updates on an issue that most people won't take notice of until there's a stockmarket meltdown and Weimar Republic-level inflation.

    I have noticed a steady drip of financial news in recent years on the BRICS nations making slow, cautious moves to untangle themselves from the U.S. Dollar. The moves by the Obama Administration to use financial warfare against adversaries, has sped up Russia and China's efforts to break away from Dollaraucracy.

    One minor story that has been getting little attention is U.S. ally - Turkey's moves away from dealing with the U.S. and Europe towards establishing stronger commercial ties with China and supposed enemy - Russia: Don Quijones: Nato-Member Turkey Threatens Western-Owned Banks, Shifts East, Cozies up to Russia

    We first started getting word that Turkey may be shifting away from its long time alliances with the West and Israel back when they hosted the Gaza Flotilla. It looks like their moves are not just about Israel or trying to establish better relations with the Arab World. They appear to have given up on the dream of joining the E.U. and are changing sides in what could turn into a re-enactment of WWI.

    *I forgot to add this piece by economic forecaster - Charles Hughes Smith about the IMF last year: Will the Dollar Lose its Reserve Currency Status to an SDR Currency?

    The "Special Drawing Rights" or SDR's that Smith refers to in that piece, is the fact that the IMF already is the world currency for all intents and purposes! The rest of us aren't made aware of this, but the IMF has always functioned with a "basket" of four currencies, which until now, has been dominated by the U.S. Dollar.

    But as the Dollar quantitative eases its way to oblivion, the IMF draws in more of those other currencies into the SDR basket, and China is hoping to eventually displace the Dollar entirely....which would be when the real crash begins.

    Up till now, we've been thinking of this Dollar issue in terms of some other currency replacing it as the global reserve trading currency. But in reality, it is already being replaced slowly, and this is the primary reason why the Obama Administration is making dangerous , high risk military moves like sponsoring the Ukraine Revolution and the civil war that has followed. The only thing that will keep the Dollar no. one, is client states having to spend billions more dollars for U.S. arms and "advisers."

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

    847. Puppets show to save the dollar (8/1/2014)

    The MH17 crash was obviously an attempt to draw Europe into a war crisis in Ukraine. As a result, Euro goes down wards.

    Ukraine Tensions See Euro Come off Boil

    LONDON — Jul 22, 2014, 11:56 AM ET

    By PAN PYLAS Associated Press

    The euro fell Tuesday to its lowest level against the dollar this year amid concerns that the downing of Malaysia Airlines Flight 17 will prompt a bigger freeze in relations between the European Union and Russia.

    The deterioration in relations between the two sides has worked against the euro, which is used by 18 EU countries. The crisis in Ukraine has given traders an opportunity to sell the euro, which had been at multiyear highs against the dollar despite the muted economic recovery in the eurozone and low interest rates.

    Business News, Personal Finance and Money News - ABC News
    Russia wants buyers to abandon the dollar and use the Euro for its oil. Ukraine crisis forces traders to sell the Euro. That’s how US to save its dollar – by creating war crisis.

    Moreover, there is a turmoil in Libya lately. Libya is an oil rich country. The upheaval there not only push up the oil price, but also hurt economy of European countries. It’s not a coincidence.

    US Evacuates Embassy In Libya Amid Clashes
    By Matthew Lee July 26, 2014

    WASHINGTON (AP) -- The United States shut down its embassy in Libya on Saturday and evacuated its diplomats to neighboring Tunisia under U.S. military escort amid a significant deterioration in security in Tripoli as fighting intensified between rival militias, the State Department said.

    US Evacuates Embassy In Libya Amid Clashes
    When there were “dictators”, the media blew the trumpet for “democracy”, “color revolution”, “Arab spring”. After the fall of the dictatorship, what left over are all US assets: ISIS, Iraq’s Maliki puppet government, rival militias (include Al Qaida) in Libya. Now you rarely hear the angry cry for justice although those agents are more cruel than the “dictators” – they are bombing civilians; beheading P.O.W. and doing religious extinction. Because all those puppets are working for the same master.

    The puppets now are acting war shows in Iraq, Libya and Ukraine(where only Russia is the real enemy), all for one purpose, to save the dollar from collapse.

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

    Saddam and Gaddafi both had tried to abandon the dollar in their oil trading. All were killed in wars activated by the US.

    --------------------
    Iraq nets handsome profit by dumping dollar for euro
    Faisal Islam, economics correspondent
    The Observer, Saturday 15 February 2003
    A bizarre political statement by Saddam Hussein has earned Iraq a windfall of hundreds of million of euros. In October 2000 Iraq insisted on dumping the US dollar - 'the currency of the enemy' - for the more multilateral euro.

    The changeover was announced on almost exactly the same day that the euro reached its lowest ebb, buying just $0.82, and the G7 Finance Ministers were forced to bail out the currency. On Friday the euro had reached $1.08, up 30 per cent from that time.

    Almost all of Iraq's oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York.

    Iraq nets handsome profit by dumping dollar for euro | Business | The Observer

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

    Register to remove this ad.
    An intimidation to Russia.

    Does Russia (And Humanity) Have A Future?
    — Paul Craig Roberts
    July 25, 2014

    It was obvious enough that Russia would be next.

    The Russian government and Europe need to look beyond Washington’s propaganda, because the reality is much worst.

    Does Russia (And Humanity) Have A Future? -- Paul Craig Roberts - PaulCraigRoberts.org

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