23

Thursday, 13.11.2014.

11:30

Russia accused of "fueling war"

U.S. Ambassador to the UN Samantha Power said during a UN Security Council meeting that Russia is talking about peace, but in reality constantly fueling war.

Izvor: Tanjug

Russia accused of "fueling war" IMAGE SOURCE
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23 Komentari

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Leonidas

pre 9 godina

Certainly the government will do a better job with the money, we tried it, it was called the communist system.
(boom,

Who says anything about communism? I am talking about publicly controlled banks allowed to create money and interest used for the public good instead of lining the pockets of the cabalist banksters. If people are asked to elect governments which have the power to declare war I am sure the same governments can be trusted to issue money .At least politicians can be held accountable which is not applicable to the banksters.

Leonidas

pre 9 godina

It seems the FED is doing her job.
boom

Indeed and a nice one too."If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson, 3rd. President of the United States

boom

pre 9 godina

Indeed, you remind me of certain Don Quixote of La Mancha... take your fight to the central bankers now!
Certainly the government will do a better job with the money, we tried it, it was called the communist system.

Leonidas

pre 9 godina

Read the paper I send you the link please and you will know more about how money comes into existence.

The paper is just neo-liberal nonsense for a perfect neo-liberal world.The problem is the financial world is full of crooks and the biggest crookd are the world banksters who hold the entire world to ransom.What the world needs is publicly owned central banks in order to serve the needs of the populace.

boom

pre 9 godina

Read the paper I send you the link please and you will know more about how money comes into existence. Your understanding is not complete. It is not that simple.
It seems the FED is doing her job, keeping prices stable with low inflation, right?
cant criticize them for doing the right thing, I wish our central bank would do smth similar with the inflation running here above 10%.

Leonidas

pre 9 godina

If you increase the supply of money by that magnitude, how do you explain that prices are going down? Shouldn't we have double digit inflation?

Creating new loans doesn't increase the money supply.In fact The FED creates only the principal but not the interest needed to pay the interest on these loans.Therefore the debtors scramble to find the interest somewhere else,but there is never enough money to go around.In a system in which money comes into existence only by borrowing at interest the system is always short of funds (reduced money supply) somebody has to default.It follows that new money must always be created in order to pay the interest.Deflation is the FED's nightmare.When prices are falling and you have interest rates close to zero monetary policy is powerless and the risk of deflation is high thus the stimulus and the money creation.Back in 2003 Japan created Y35trillion in order to buy US government bonds in order to finance budget tax cuts in US with newly created money which were "monetized" by the Japanese.

boom

pre 9 godina

@leonidas
If you lived in the States you would know that there are thousands of journalists and lawyers and others in the look for this kind of things and they wont wait for you to break the news to them.
The story was talked about when it came out and I don't have any evidence than any wrongdoing was done by the FED nor any criminal charges were filed.
If you read your own comment, there is a contradiction in what you say, FED printing trillions yet deflation is everywhere.
If you increase the supply of money by that magnitude, how do you explain that prices are going down? Shouldn't we have double digit inflation?
Making loans is not equal to printing money, there is collateral behind the loans. The FED really cannot print money as most people think.
Read this paper from this guy, he seems to give a good explanation how the modern monetary system works, not mainstream yet, but the arguments seem solid.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625

Leonidas

pre 9 godina

boom

Forbes is one of the news outlets reported the crime in addition to Bloomberg,CNNN,WSJ amongst others.Had you done your own research you've read the first FED audit (under Elise Coleman chief FED auditor)has turned up $16 Trillion dollars of loans all over the world to prop up the global fiat empire.The scary part is that this was done with no oversight or accountability .

If you want to be purist, FED does not print money.

Fed printing is a colloquial language for FED's money creation to finance the government's deficits.

it swaps assets. Less liquid for cash.

B....ks.The $ trillions the FED has created are backed by Yellen's fart nothing else.The ponzi scheme is on life support machine and needs $trillions of fresh money in order to avoid deflationary default.This would have destroyed all paper assets,because there would not be enough money to go around. The effect of paper asset devaluation would have rendered every nation,corporation,and individual,insolvent.It won’t just be the dollar it will be all paper currencies since they are all based off of the same fractional reserve lie.

boom

pre 9 godina

@leonidas
Forbes article proves nothing.
There are trillions of transactions everyday that taken in isolation can make sensation and catch titles for newspapers. Do some research and you will find out that nothing illegal has been done by the FED.
If you want to be purist, FED does not print money, it swaps assets. Less liquid for cash. Inform yourself. Your economics 101 are obsolete. By virtue of their size, USA and the FED create their own reality when they intervene , this you can not comprehend.

Leonidas

pre 9 godina

Clearly you are a conspiracy theorist, did the FBI prepare the sept 11 terrorist attacks as well?
How come you seem to know that there are $16 trillion not reported yet blame the FED and US government for not reporting it, where did you get the info, you have a hot line with Yellen?

boom

Forbes could be a better conspiracy theorist than me.

http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

boom

pre 9 godina

@Leonidas
....The fact the Fed and the US government failed to report $ 16 trillion confirms the fact the US administration is the legal Cosa Nostra....

Clearly you are a conspiracy theorist, did the FBI prepare the sept 11 terrorist attacks as well?
How come you seem to know that there are $16 trillion not reported yet blame the FED and US government for not reporting it, where did you get the info, you have a hot line with Yellen?
Keep reading obscure doomsday and goldbugs blogs just like your nazi friends that are waiting for the US to collapse so they can start their wars of terror, rape and genocide and conquer kososvo. Dream on.
Here is my advise for you, google confirmation bias and try to find a cure for it, you are in advanced stages of that disease just like your friends.

Leonidas

pre 9 godina

boom,

Are you yet another gold bug or conspiracy theorist

If the Feds auditors are conspiracy theorists so am I.The fact the Fed and the US government failed to report $ 16 trillion confirms the fact the US administration is the legal Cosa Nostra.

Inherent value of all paper currencies tends to go to zero over time.
I agree. The value of the original $ dollar is worth 1 cent.

Ask yourself, why can’t other central banks print their way to prosperity?

The Bank of Japan has been printing since there is no tomorrow,the bank of England has printed more than £800 billion and the ECB has bought mote than 3 trillion Euros worth of bonds from member countries.

Why can’t Russia print rubbles and have its currency strengthen?

They don't need to.Russia is a creditor nation not a debtor one like the US.

They don’t go around forcing countries to buy USD

Oh really? Why did they spend $3 trillion on the war in Iraq?To bring about human rights and democracy? No ,it's become Saddam decided to dumb the petrodollar.Why is the US threatening Iran? Is it because of the nukes? No it's because of Iran's decision back in 2005 to covert all its oil contracts into euros.

Finally, despite of what you about recovery Money printing will continue until the currencies die. The Central Banks know and fear this, but they are trapped. Every time they try and slow the printing presses, the financial system starts to fall apart.It's only a matter of time.

boom

pre 9 godina

@leonidas
Like most serbs when faced with reality, you ignore it, blame someone else, then justify our own crimes by the tired fallacious argument “the others did it too”
Of course, it is somebodies else fault, this evil americans are printing dollars out of thin air to inflate apple’s value.
Are you yet another gold bug or conspiracy theorist waiting for doomsday and dollar’s demise?
Inherent value of all paper currencies tends to go to zero over time, not just the USD. Given enough time your chances of survival are zero as well.
Ask yourself, why can’t other central banks print their way to prosperity? Why can’t Russia print rubbles and have its currency strengthen? Why cant Serbia? Why is USD reserve currency and not the rubble?
US did not declare that the USD is reserve currency. They could care less. They don’t go around forcing countries to buy USD. Why is Putin keeping 400 billion USD in his central bank reserves? Is the US forcing him? I don’t think so.
The USD is reserve currency because all countries want them in their national reserve for mainly two reasons, first they want to buy things America makes and second as an insurance against their own political system demise. Give me your worthless paper dollars, I will gladly exchange them with rubbles. Stop reading doomsday blogs. If doomsday comes, the last place to visit will be America.

Leonidas

pre 9 godina

(boom

Your comment further re-enforces my belief that most of the Albanian posters here are internet educated.You assert that Apple's capitalisation is bigger than the entire stock market of Russia.It might be so but have you asked the question who's been buying apple's sock?If you look at the shareholding register of NYSE you'll see that most of the stock is owned by nominees operating from Cayman Islands.That's a code that most of the stock is owned by the Fed's printing machines.Lets remind ourselves the Fed keeps $5 trillion off balance Sheet and there are another $ 16 trillion unaccounted which has been credited to many banks around the world.These funds come back to US as fake investments which push up the value of the dollar.The Fed knows that the ability of the US to pay its bills in its own currency is the reason it can stand its large trade imbalance and is the basis for US power. If the dollar loses the reserve currency role, the US becomes just another country with balance of payments and currency problems and an inability to sell its bonds in order to finance its budget deficits.In other words, perhaps the Fed understands that a dollar crisis is a bigger crisis than a bank crisis and that its bailout of the banks is undermining the dollar. The question is: will the Fed let the banks go in order to save the dollar?I believe the answer to this question is: No. I believe they will destroy both. Both the Banks and the dollar will go down in an epic collapse.

boom

pre 9 godina

@Leonidas
Have a clue, Apple’s capitalization is bigger than the entire Russian stock market.
US spends 800 billions a year in defense vs Russia’s 60billion. Russia’s rusted bombers flying around and wasting fuel impress only the ignorant.
http://www.bloomberg.com/news/2014-11-14/apple-could-swallow-whole-russian-stock-market.html
Putin is still using his soldiers and military to fight tiny wars to gain land and to build his new empire.
The US defeats entire nations with just a whisper.
New wars are fought with finance, not bullets.
Japan has expanded all over the world on the power of its products, not its fighting forces.
The West allows Putin to look tough, until it is time to teach him who is boss. I think he is getting the point now. Russia has only oil and gas to sell. Rubble is down 30%, huge inflation in Russia, people’s living conditions have severely deteriorated and are becoming more miserable by the day. The average lifespan in Russia is 65 years for gods sake, worse than in Africa
Putin buying gold reminds me of Arab dictators (Kadaffi, Mobarak etc), he might need it to save his ass.
Your ignorance of economics is only surpassed by your ignorance of history. But it is sad as more and more Serbs think that Russia is some el dorado land and will try to steer Serbia away from Europe. This will be a disaster for our country if it happens.

Leonidas

pre 9 godina

(the Count of Kosova

I am glad that we have posters like yourself in addition to other Albanians on this site who can teach us a thing or two about history,politic and economics.Back on the nitty gritty your strong US $ is backed by Yellen's fart and nothing else.The Fed is NEVER going to stop printing. I repeat NEVER. At least voluntarily. We have already seen what happens when they even suggest they MIGHT stop. Bloodbath in the bond market.
http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

This is what is going to happen:the global economy is going to worsen step by step
- Central Banks will ACCELERATE rather than taper QE ( see Japan)
- eventually something is going to break - my money is on the EU or Japan but who knows - perhaps a black swan, but whatever it is we are going to revisit Lehman but on steroids.When that happens there will be no bail outs
- We are going to find out what would have happened in 2008 if things would have been allowed to play out - but this time we are on steroids.

As to Russia or Putin being penniless read the following:

http://www.telegraph.co.uk/finance/commodities/11226240/Putin-stockpiles-gold-as-Russia-prepares-for-economic-war.html.

VS

pre 9 godina

Yes you are right Azir for once the Hague does need more Slavs. They have far better law degrees and are considerably more intellectually gifted than most of the buffoons currently sitting on the bench and they can finally bring to book the real criminals who tore Yugoslavia apart and are now trying to provoke Russia. Maybe they could try you for persistently irritating Slavs with banal comments as well whilst they are at it!!If that isn't a crime then I don't know what is.

the Count of Kosova

pre 9 godina

The Russian rubble has fallen 38 percent since June. A massive fall in a matter of months. If Putin decides to start accepting payments for energy contracts in any other major currency, that would really put pressure on the U.S. dollar and send it to a free fall and the gold market would rally.Therefore,we'll have to ask ourselves why Russia has been stockpiling Gold which it has been doing now for some time now.My guess is preparation for war.
(Leonidas, 13 November 2014 22:31)

Leonidas,
You have just proved you know as little about economics as you do about history and politics.
Putin is desperate to receive funds in any currency he can get his hands on. He is in no position to be choosy. The reality is the US Dollar is stronger than ever and is getting even stronger. If you read any financial news at all you would know that the price of gold is in a free fall and is registering new lows each day. Remember, time and time again, the US Dollar is the currency all nations run to in times of instability. That is happening as we speak, just ask the Chinese and the Russians.

Paul

pre 9 godina

"He [Pankin] added that heavy artillery and tanks were seen near Karlovka in the Donetsk region on November 9, while a day before the Ukrainian army moved into the region of Lugansk rocket systems Grad and Uragan along with tactical missiles Scud."

Well, now we know where all the tanks that the Ukrainians were seeing were coming from. They weren't Russian, they were Ukrainian. This is how bad it gets.

Leonidas

pre 9 godina

.US. Ambassador to the UN Samantha Power said during a UN Security Council meeting that Russia is talking about peace, but in reality constantly fueling war.

Here we go again.It's becoming increasingly clear this is another a false-flag attack in an attempt to smear Russia in general and Putin in particular.The US neocons continue beating the drums of war with the nazis in Kiev claiming the Russians have invaded Ukraine and yet again there are neither photographs nor satellite pictures, that is of course until the CIA can find some old military photos to doctor (bin Laden style),to support those allegations.Indeed the situation is very serious.The Russian rubble has fallen 38 percent since June. A massive fall in a matter of months. If Putin decides to start accepting payments for energy contracts in any other major currency, that would really put pressure on the U.S. dollar and send it to a free fall and the gold market would rally.Therefore,we'll have to ask ourselves why Russia has been stockpiling Gold which it has been doing now for some time now.My guess is preparation for war.

EU Dude

pre 9 godina

You have to wonder what is the point of having a media and journalists when they simply parrot offical words and press release without futher critical comment.

After all, the West 'won' the Cold War and then seems quite happy to piss it all away in a tidal wave of meaningless spin. Where are the jobs? Where is the security? Where is the future? Don't ask a western politician because they simply don't know and their finance ministers don't care.

It's much easier to blame a foreigner or Russia. This method works for morons very well indeed. Over and over again.


Et tu EU! The 2014 European Parliament elections had the lowest EVER turn out by european voters. Simply put, politicians will not, cannot and do not want to deliver the basics when at this time of economic crisis they should be fighting for us rather than each other. It's almost as if that wihout the Cold War, they don't know what to do...

azir

pre 9 godina

Russia is just as "innocent" as are the infamous Serbs.

The Hague needs to expand for more Slav permanent residents.

Unbelievable how these creatures try to pull a fast one over the civilized community...

needles & pins

pre 9 godina

It’s all very routine because everybody knows that whatever happens Russia is always the main guilty. What is not declared Ukraine was the first to enforce it's troops in Donetsk's suburbs last two months. And when it became evident that the rifle on the wall will sooner or later shoot the Russians undertook some counter measures that we don’t know for sure yet.

What I think is that the US got two big slaps in Beijing this week. Obama failed to form a counter APEC organization without China and Russia. Besides Russia and China have signed 20 big contracts with Altai pipeline and additional oil supplies among them. Not only China got has secured itself from the Middle East supplies but Russia too got a good tool against the western sanctions.

Looks loke Russia is to kill Ukraine economically. Hard currency the Central Bank of Ukraine obtains is estimated as USD 11,3 Bln. that is peanuts for a state with population above 35 Mln. Worst of all is that out of them USD 9,9 Bln. make the so called auto credits i.e. money the Bank had loaned to itself … Ukraine has failed to place this “money” even at a 17% stake …

So the real reserves make about USD 1,3-1,4 Bln. But before the end of the year Ukraine must pay to Russia another USD 1,65 Bln. plus they must prepay for gas USD 2 Bln. more … Ukraine also needs not only gas but anthracite coal too. Sounds funny for a state to give 83 Mln. tons of coal last year … Plus they have to buy Uranium in Russia …

needles & pins

pre 9 godina

It’s all very routine because everybody knows that whatever happens Russia is always the main guilty. What is not declared Ukraine was the first to enforce it's troops in Donetsk's suburbs last two months. And when it became evident that the rifle on the wall will sooner or later shoot the Russians undertook some counter measures that we don’t know for sure yet.

What I think is that the US got two big slaps in Beijing this week. Obama failed to form a counter APEC organization without China and Russia. Besides Russia and China have signed 20 big contracts with Altai pipeline and additional oil supplies among them. Not only China got has secured itself from the Middle East supplies but Russia too got a good tool against the western sanctions.

Looks loke Russia is to kill Ukraine economically. Hard currency the Central Bank of Ukraine obtains is estimated as USD 11,3 Bln. that is peanuts for a state with population above 35 Mln. Worst of all is that out of them USD 9,9 Bln. make the so called auto credits i.e. money the Bank had loaned to itself … Ukraine has failed to place this “money” even at a 17% stake …

So the real reserves make about USD 1,3-1,4 Bln. But before the end of the year Ukraine must pay to Russia another USD 1,65 Bln. plus they must prepay for gas USD 2 Bln. more … Ukraine also needs not only gas but anthracite coal too. Sounds funny for a state to give 83 Mln. tons of coal last year … Plus they have to buy Uranium in Russia …

azir

pre 9 godina

Russia is just as "innocent" as are the infamous Serbs.

The Hague needs to expand for more Slav permanent residents.

Unbelievable how these creatures try to pull a fast one over the civilized community...

Leonidas

pre 9 godina

.US. Ambassador to the UN Samantha Power said during a UN Security Council meeting that Russia is talking about peace, but in reality constantly fueling war.

Here we go again.It's becoming increasingly clear this is another a false-flag attack in an attempt to smear Russia in general and Putin in particular.The US neocons continue beating the drums of war with the nazis in Kiev claiming the Russians have invaded Ukraine and yet again there are neither photographs nor satellite pictures, that is of course until the CIA can find some old military photos to doctor (bin Laden style),to support those allegations.Indeed the situation is very serious.The Russian rubble has fallen 38 percent since June. A massive fall in a matter of months. If Putin decides to start accepting payments for energy contracts in any other major currency, that would really put pressure on the U.S. dollar and send it to a free fall and the gold market would rally.Therefore,we'll have to ask ourselves why Russia has been stockpiling Gold which it has been doing now for some time now.My guess is preparation for war.

Leonidas

pre 9 godina

(boom

Your comment further re-enforces my belief that most of the Albanian posters here are internet educated.You assert that Apple's capitalisation is bigger than the entire stock market of Russia.It might be so but have you asked the question who's been buying apple's sock?If you look at the shareholding register of NYSE you'll see that most of the stock is owned by nominees operating from Cayman Islands.That's a code that most of the stock is owned by the Fed's printing machines.Lets remind ourselves the Fed keeps $5 trillion off balance Sheet and there are another $ 16 trillion unaccounted which has been credited to many banks around the world.These funds come back to US as fake investments which push up the value of the dollar.The Fed knows that the ability of the US to pay its bills in its own currency is the reason it can stand its large trade imbalance and is the basis for US power. If the dollar loses the reserve currency role, the US becomes just another country with balance of payments and currency problems and an inability to sell its bonds in order to finance its budget deficits.In other words, perhaps the Fed understands that a dollar crisis is a bigger crisis than a bank crisis and that its bailout of the banks is undermining the dollar. The question is: will the Fed let the banks go in order to save the dollar?I believe the answer to this question is: No. I believe they will destroy both. Both the Banks and the dollar will go down in an epic collapse.

EU Dude

pre 9 godina

You have to wonder what is the point of having a media and journalists when they simply parrot offical words and press release without futher critical comment.

After all, the West 'won' the Cold War and then seems quite happy to piss it all away in a tidal wave of meaningless spin. Where are the jobs? Where is the security? Where is the future? Don't ask a western politician because they simply don't know and their finance ministers don't care.

It's much easier to blame a foreigner or Russia. This method works for morons very well indeed. Over and over again.


Et tu EU! The 2014 European Parliament elections had the lowest EVER turn out by european voters. Simply put, politicians will not, cannot and do not want to deliver the basics when at this time of economic crisis they should be fighting for us rather than each other. It's almost as if that wihout the Cold War, they don't know what to do...

Leonidas

pre 9 godina

(the Count of Kosova

I am glad that we have posters like yourself in addition to other Albanians on this site who can teach us a thing or two about history,politic and economics.Back on the nitty gritty your strong US $ is backed by Yellen's fart and nothing else.The Fed is NEVER going to stop printing. I repeat NEVER. At least voluntarily. We have already seen what happens when they even suggest they MIGHT stop. Bloodbath in the bond market.
http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

This is what is going to happen:the global economy is going to worsen step by step
- Central Banks will ACCELERATE rather than taper QE ( see Japan)
- eventually something is going to break - my money is on the EU or Japan but who knows - perhaps a black swan, but whatever it is we are going to revisit Lehman but on steroids.When that happens there will be no bail outs
- We are going to find out what would have happened in 2008 if things would have been allowed to play out - but this time we are on steroids.

As to Russia or Putin being penniless read the following:

http://www.telegraph.co.uk/finance/commodities/11226240/Putin-stockpiles-gold-as-Russia-prepares-for-economic-war.html.

VS

pre 9 godina

Yes you are right Azir for once the Hague does need more Slavs. They have far better law degrees and are considerably more intellectually gifted than most of the buffoons currently sitting on the bench and they can finally bring to book the real criminals who tore Yugoslavia apart and are now trying to provoke Russia. Maybe they could try you for persistently irritating Slavs with banal comments as well whilst they are at it!!If that isn't a crime then I don't know what is.

boom

pre 9 godina

@Leonidas
Have a clue, Apple’s capitalization is bigger than the entire Russian stock market.
US spends 800 billions a year in defense vs Russia’s 60billion. Russia’s rusted bombers flying around and wasting fuel impress only the ignorant.
http://www.bloomberg.com/news/2014-11-14/apple-could-swallow-whole-russian-stock-market.html
Putin is still using his soldiers and military to fight tiny wars to gain land and to build his new empire.
The US defeats entire nations with just a whisper.
New wars are fought with finance, not bullets.
Japan has expanded all over the world on the power of its products, not its fighting forces.
The West allows Putin to look tough, until it is time to teach him who is boss. I think he is getting the point now. Russia has only oil and gas to sell. Rubble is down 30%, huge inflation in Russia, people’s living conditions have severely deteriorated and are becoming more miserable by the day. The average lifespan in Russia is 65 years for gods sake, worse than in Africa
Putin buying gold reminds me of Arab dictators (Kadaffi, Mobarak etc), he might need it to save his ass.
Your ignorance of economics is only surpassed by your ignorance of history. But it is sad as more and more Serbs think that Russia is some el dorado land and will try to steer Serbia away from Europe. This will be a disaster for our country if it happens.

Paul

pre 9 godina

"He [Pankin] added that heavy artillery and tanks were seen near Karlovka in the Donetsk region on November 9, while a day before the Ukrainian army moved into the region of Lugansk rocket systems Grad and Uragan along with tactical missiles Scud."

Well, now we know where all the tanks that the Ukrainians were seeing were coming from. They weren't Russian, they were Ukrainian. This is how bad it gets.

the Count of Kosova

pre 9 godina

The Russian rubble has fallen 38 percent since June. A massive fall in a matter of months. If Putin decides to start accepting payments for energy contracts in any other major currency, that would really put pressure on the U.S. dollar and send it to a free fall and the gold market would rally.Therefore,we'll have to ask ourselves why Russia has been stockpiling Gold which it has been doing now for some time now.My guess is preparation for war.
(Leonidas, 13 November 2014 22:31)

Leonidas,
You have just proved you know as little about economics as you do about history and politics.
Putin is desperate to receive funds in any currency he can get his hands on. He is in no position to be choosy. The reality is the US Dollar is stronger than ever and is getting even stronger. If you read any financial news at all you would know that the price of gold is in a free fall and is registering new lows each day. Remember, time and time again, the US Dollar is the currency all nations run to in times of instability. That is happening as we speak, just ask the Chinese and the Russians.

boom

pre 9 godina

@leonidas
Like most serbs when faced with reality, you ignore it, blame someone else, then justify our own crimes by the tired fallacious argument “the others did it too”
Of course, it is somebodies else fault, this evil americans are printing dollars out of thin air to inflate apple’s value.
Are you yet another gold bug or conspiracy theorist waiting for doomsday and dollar’s demise?
Inherent value of all paper currencies tends to go to zero over time, not just the USD. Given enough time your chances of survival are zero as well.
Ask yourself, why can’t other central banks print their way to prosperity? Why can’t Russia print rubbles and have its currency strengthen? Why cant Serbia? Why is USD reserve currency and not the rubble?
US did not declare that the USD is reserve currency. They could care less. They don’t go around forcing countries to buy USD. Why is Putin keeping 400 billion USD in his central bank reserves? Is the US forcing him? I don’t think so.
The USD is reserve currency because all countries want them in their national reserve for mainly two reasons, first they want to buy things America makes and second as an insurance against their own political system demise. Give me your worthless paper dollars, I will gladly exchange them with rubbles. Stop reading doomsday blogs. If doomsday comes, the last place to visit will be America.

boom

pre 9 godina

@Leonidas
....The fact the Fed and the US government failed to report $ 16 trillion confirms the fact the US administration is the legal Cosa Nostra....

Clearly you are a conspiracy theorist, did the FBI prepare the sept 11 terrorist attacks as well?
How come you seem to know that there are $16 trillion not reported yet blame the FED and US government for not reporting it, where did you get the info, you have a hot line with Yellen?
Keep reading obscure doomsday and goldbugs blogs just like your nazi friends that are waiting for the US to collapse so they can start their wars of terror, rape and genocide and conquer kososvo. Dream on.
Here is my advise for you, google confirmation bias and try to find a cure for it, you are in advanced stages of that disease just like your friends.

boom

pre 9 godina

@leonidas
Forbes article proves nothing.
There are trillions of transactions everyday that taken in isolation can make sensation and catch titles for newspapers. Do some research and you will find out that nothing illegal has been done by the FED.
If you want to be purist, FED does not print money, it swaps assets. Less liquid for cash. Inform yourself. Your economics 101 are obsolete. By virtue of their size, USA and the FED create their own reality when they intervene , this you can not comprehend.

Leonidas

pre 9 godina

boom,

Are you yet another gold bug or conspiracy theorist

If the Feds auditors are conspiracy theorists so am I.The fact the Fed and the US government failed to report $ 16 trillion confirms the fact the US administration is the legal Cosa Nostra.

Inherent value of all paper currencies tends to go to zero over time.
I agree. The value of the original $ dollar is worth 1 cent.

Ask yourself, why can’t other central banks print their way to prosperity?

The Bank of Japan has been printing since there is no tomorrow,the bank of England has printed more than £800 billion and the ECB has bought mote than 3 trillion Euros worth of bonds from member countries.

Why can’t Russia print rubbles and have its currency strengthen?

They don't need to.Russia is a creditor nation not a debtor one like the US.

They don’t go around forcing countries to buy USD

Oh really? Why did they spend $3 trillion on the war in Iraq?To bring about human rights and democracy? No ,it's become Saddam decided to dumb the petrodollar.Why is the US threatening Iran? Is it because of the nukes? No it's because of Iran's decision back in 2005 to covert all its oil contracts into euros.

Finally, despite of what you about recovery Money printing will continue until the currencies die. The Central Banks know and fear this, but they are trapped. Every time they try and slow the printing presses, the financial system starts to fall apart.It's only a matter of time.

Leonidas

pre 9 godina

Clearly you are a conspiracy theorist, did the FBI prepare the sept 11 terrorist attacks as well?
How come you seem to know that there are $16 trillion not reported yet blame the FED and US government for not reporting it, where did you get the info, you have a hot line with Yellen?

boom

Forbes could be a better conspiracy theorist than me.

http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

Leonidas

pre 9 godina

boom

Forbes is one of the news outlets reported the crime in addition to Bloomberg,CNNN,WSJ amongst others.Had you done your own research you've read the first FED audit (under Elise Coleman chief FED auditor)has turned up $16 Trillion dollars of loans all over the world to prop up the global fiat empire.The scary part is that this was done with no oversight or accountability .

If you want to be purist, FED does not print money.

Fed printing is a colloquial language for FED's money creation to finance the government's deficits.

it swaps assets. Less liquid for cash.

B....ks.The $ trillions the FED has created are backed by Yellen's fart nothing else.The ponzi scheme is on life support machine and needs $trillions of fresh money in order to avoid deflationary default.This would have destroyed all paper assets,because there would not be enough money to go around. The effect of paper asset devaluation would have rendered every nation,corporation,and individual,insolvent.It won’t just be the dollar it will be all paper currencies since they are all based off of the same fractional reserve lie.

boom

pre 9 godina

@leonidas
If you lived in the States you would know that there are thousands of journalists and lawyers and others in the look for this kind of things and they wont wait for you to break the news to them.
The story was talked about when it came out and I don't have any evidence than any wrongdoing was done by the FED nor any criminal charges were filed.
If you read your own comment, there is a contradiction in what you say, FED printing trillions yet deflation is everywhere.
If you increase the supply of money by that magnitude, how do you explain that prices are going down? Shouldn't we have double digit inflation?
Making loans is not equal to printing money, there is collateral behind the loans. The FED really cannot print money as most people think.
Read this paper from this guy, he seems to give a good explanation how the modern monetary system works, not mainstream yet, but the arguments seem solid.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625

Leonidas

pre 9 godina

If you increase the supply of money by that magnitude, how do you explain that prices are going down? Shouldn't we have double digit inflation?

Creating new loans doesn't increase the money supply.In fact The FED creates only the principal but not the interest needed to pay the interest on these loans.Therefore the debtors scramble to find the interest somewhere else,but there is never enough money to go around.In a system in which money comes into existence only by borrowing at interest the system is always short of funds (reduced money supply) somebody has to default.It follows that new money must always be created in order to pay the interest.Deflation is the FED's nightmare.When prices are falling and you have interest rates close to zero monetary policy is powerless and the risk of deflation is high thus the stimulus and the money creation.Back in 2003 Japan created Y35trillion in order to buy US government bonds in order to finance budget tax cuts in US with newly created money which were "monetized" by the Japanese.

boom

pre 9 godina

Read the paper I send you the link please and you will know more about how money comes into existence. Your understanding is not complete. It is not that simple.
It seems the FED is doing her job, keeping prices stable with low inflation, right?
cant criticize them for doing the right thing, I wish our central bank would do smth similar with the inflation running here above 10%.

Leonidas

pre 9 godina

Read the paper I send you the link please and you will know more about how money comes into existence.

The paper is just neo-liberal nonsense for a perfect neo-liberal world.The problem is the financial world is full of crooks and the biggest crookd are the world banksters who hold the entire world to ransom.What the world needs is publicly owned central banks in order to serve the needs of the populace.

Leonidas

pre 9 godina

It seems the FED is doing her job.
boom

Indeed and a nice one too."If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson, 3rd. President of the United States

boom

pre 9 godina

Indeed, you remind me of certain Don Quixote of La Mancha... take your fight to the central bankers now!
Certainly the government will do a better job with the money, we tried it, it was called the communist system.

Leonidas

pre 9 godina

Certainly the government will do a better job with the money, we tried it, it was called the communist system.
(boom,

Who says anything about communism? I am talking about publicly controlled banks allowed to create money and interest used for the public good instead of lining the pockets of the cabalist banksters. If people are asked to elect governments which have the power to declare war I am sure the same governments can be trusted to issue money .At least politicians can be held accountable which is not applicable to the banksters.

Leonidas

pre 9 godina

.US. Ambassador to the UN Samantha Power said during a UN Security Council meeting that Russia is talking about peace, but in reality constantly fueling war.

Here we go again.It's becoming increasingly clear this is another a false-flag attack in an attempt to smear Russia in general and Putin in particular.The US neocons continue beating the drums of war with the nazis in Kiev claiming the Russians have invaded Ukraine and yet again there are neither photographs nor satellite pictures, that is of course until the CIA can find some old military photos to doctor (bin Laden style),to support those allegations.Indeed the situation is very serious.The Russian rubble has fallen 38 percent since June. A massive fall in a matter of months. If Putin decides to start accepting payments for energy contracts in any other major currency, that would really put pressure on the U.S. dollar and send it to a free fall and the gold market would rally.Therefore,we'll have to ask ourselves why Russia has been stockpiling Gold which it has been doing now for some time now.My guess is preparation for war.

needles & pins

pre 9 godina

It’s all very routine because everybody knows that whatever happens Russia is always the main guilty. What is not declared Ukraine was the first to enforce it's troops in Donetsk's suburbs last two months. And when it became evident that the rifle on the wall will sooner or later shoot the Russians undertook some counter measures that we don’t know for sure yet.

What I think is that the US got two big slaps in Beijing this week. Obama failed to form a counter APEC organization without China and Russia. Besides Russia and China have signed 20 big contracts with Altai pipeline and additional oil supplies among them. Not only China got has secured itself from the Middle East supplies but Russia too got a good tool against the western sanctions.

Looks loke Russia is to kill Ukraine economically. Hard currency the Central Bank of Ukraine obtains is estimated as USD 11,3 Bln. that is peanuts for a state with population above 35 Mln. Worst of all is that out of them USD 9,9 Bln. make the so called auto credits i.e. money the Bank had loaned to itself … Ukraine has failed to place this “money” even at a 17% stake …

So the real reserves make about USD 1,3-1,4 Bln. But before the end of the year Ukraine must pay to Russia another USD 1,65 Bln. plus they must prepay for gas USD 2 Bln. more … Ukraine also needs not only gas but anthracite coal too. Sounds funny for a state to give 83 Mln. tons of coal last year … Plus they have to buy Uranium in Russia …

azir

pre 9 godina

Russia is just as "innocent" as are the infamous Serbs.

The Hague needs to expand for more Slav permanent residents.

Unbelievable how these creatures try to pull a fast one over the civilized community...

boom

pre 9 godina

@Leonidas
Have a clue, Apple’s capitalization is bigger than the entire Russian stock market.
US spends 800 billions a year in defense vs Russia’s 60billion. Russia’s rusted bombers flying around and wasting fuel impress only the ignorant.
http://www.bloomberg.com/news/2014-11-14/apple-could-swallow-whole-russian-stock-market.html
Putin is still using his soldiers and military to fight tiny wars to gain land and to build his new empire.
The US defeats entire nations with just a whisper.
New wars are fought with finance, not bullets.
Japan has expanded all over the world on the power of its products, not its fighting forces.
The West allows Putin to look tough, until it is time to teach him who is boss. I think he is getting the point now. Russia has only oil and gas to sell. Rubble is down 30%, huge inflation in Russia, people’s living conditions have severely deteriorated and are becoming more miserable by the day. The average lifespan in Russia is 65 years for gods sake, worse than in Africa
Putin buying gold reminds me of Arab dictators (Kadaffi, Mobarak etc), he might need it to save his ass.
Your ignorance of economics is only surpassed by your ignorance of history. But it is sad as more and more Serbs think that Russia is some el dorado land and will try to steer Serbia away from Europe. This will be a disaster for our country if it happens.

EU Dude

pre 9 godina

You have to wonder what is the point of having a media and journalists when they simply parrot offical words and press release without futher critical comment.

After all, the West 'won' the Cold War and then seems quite happy to piss it all away in a tidal wave of meaningless spin. Where are the jobs? Where is the security? Where is the future? Don't ask a western politician because they simply don't know and their finance ministers don't care.

It's much easier to blame a foreigner or Russia. This method works for morons very well indeed. Over and over again.


Et tu EU! The 2014 European Parliament elections had the lowest EVER turn out by european voters. Simply put, politicians will not, cannot and do not want to deliver the basics when at this time of economic crisis they should be fighting for us rather than each other. It's almost as if that wihout the Cold War, they don't know what to do...

Paul

pre 9 godina

"He [Pankin] added that heavy artillery and tanks were seen near Karlovka in the Donetsk region on November 9, while a day before the Ukrainian army moved into the region of Lugansk rocket systems Grad and Uragan along with tactical missiles Scud."

Well, now we know where all the tanks that the Ukrainians were seeing were coming from. They weren't Russian, they were Ukrainian. This is how bad it gets.

the Count of Kosova

pre 9 godina

The Russian rubble has fallen 38 percent since June. A massive fall in a matter of months. If Putin decides to start accepting payments for energy contracts in any other major currency, that would really put pressure on the U.S. dollar and send it to a free fall and the gold market would rally.Therefore,we'll have to ask ourselves why Russia has been stockpiling Gold which it has been doing now for some time now.My guess is preparation for war.
(Leonidas, 13 November 2014 22:31)

Leonidas,
You have just proved you know as little about economics as you do about history and politics.
Putin is desperate to receive funds in any currency he can get his hands on. He is in no position to be choosy. The reality is the US Dollar is stronger than ever and is getting even stronger. If you read any financial news at all you would know that the price of gold is in a free fall and is registering new lows each day. Remember, time and time again, the US Dollar is the currency all nations run to in times of instability. That is happening as we speak, just ask the Chinese and the Russians.

Leonidas

pre 9 godina

(the Count of Kosova

I am glad that we have posters like yourself in addition to other Albanians on this site who can teach us a thing or two about history,politic and economics.Back on the nitty gritty your strong US $ is backed by Yellen's fart and nothing else.The Fed is NEVER going to stop printing. I repeat NEVER. At least voluntarily. We have already seen what happens when they even suggest they MIGHT stop. Bloodbath in the bond market.
http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

This is what is going to happen:the global economy is going to worsen step by step
- Central Banks will ACCELERATE rather than taper QE ( see Japan)
- eventually something is going to break - my money is on the EU or Japan but who knows - perhaps a black swan, but whatever it is we are going to revisit Lehman but on steroids.When that happens there will be no bail outs
- We are going to find out what would have happened in 2008 if things would have been allowed to play out - but this time we are on steroids.

As to Russia or Putin being penniless read the following:

http://www.telegraph.co.uk/finance/commodities/11226240/Putin-stockpiles-gold-as-Russia-prepares-for-economic-war.html.

Leonidas

pre 9 godina

(boom

Your comment further re-enforces my belief that most of the Albanian posters here are internet educated.You assert that Apple's capitalisation is bigger than the entire stock market of Russia.It might be so but have you asked the question who's been buying apple's sock?If you look at the shareholding register of NYSE you'll see that most of the stock is owned by nominees operating from Cayman Islands.That's a code that most of the stock is owned by the Fed's printing machines.Lets remind ourselves the Fed keeps $5 trillion off balance Sheet and there are another $ 16 trillion unaccounted which has been credited to many banks around the world.These funds come back to US as fake investments which push up the value of the dollar.The Fed knows that the ability of the US to pay its bills in its own currency is the reason it can stand its large trade imbalance and is the basis for US power. If the dollar loses the reserve currency role, the US becomes just another country with balance of payments and currency problems and an inability to sell its bonds in order to finance its budget deficits.In other words, perhaps the Fed understands that a dollar crisis is a bigger crisis than a bank crisis and that its bailout of the banks is undermining the dollar. The question is: will the Fed let the banks go in order to save the dollar?I believe the answer to this question is: No. I believe they will destroy both. Both the Banks and the dollar will go down in an epic collapse.

Leonidas

pre 9 godina

boom,

Are you yet another gold bug or conspiracy theorist

If the Feds auditors are conspiracy theorists so am I.The fact the Fed and the US government failed to report $ 16 trillion confirms the fact the US administration is the legal Cosa Nostra.

Inherent value of all paper currencies tends to go to zero over time.
I agree. The value of the original $ dollar is worth 1 cent.

Ask yourself, why can’t other central banks print their way to prosperity?

The Bank of Japan has been printing since there is no tomorrow,the bank of England has printed more than £800 billion and the ECB has bought mote than 3 trillion Euros worth of bonds from member countries.

Why can’t Russia print rubbles and have its currency strengthen?

They don't need to.Russia is a creditor nation not a debtor one like the US.

They don’t go around forcing countries to buy USD

Oh really? Why did they spend $3 trillion on the war in Iraq?To bring about human rights and democracy? No ,it's become Saddam decided to dumb the petrodollar.Why is the US threatening Iran? Is it because of the nukes? No it's because of Iran's decision back in 2005 to covert all its oil contracts into euros.

Finally, despite of what you about recovery Money printing will continue until the currencies die. The Central Banks know and fear this, but they are trapped. Every time they try and slow the printing presses, the financial system starts to fall apart.It's only a matter of time.

VS

pre 9 godina

Yes you are right Azir for once the Hague does need more Slavs. They have far better law degrees and are considerably more intellectually gifted than most of the buffoons currently sitting on the bench and they can finally bring to book the real criminals who tore Yugoslavia apart and are now trying to provoke Russia. Maybe they could try you for persistently irritating Slavs with banal comments as well whilst they are at it!!If that isn't a crime then I don't know what is.

Leonidas

pre 9 godina

Clearly you are a conspiracy theorist, did the FBI prepare the sept 11 terrorist attacks as well?
How come you seem to know that there are $16 trillion not reported yet blame the FED and US government for not reporting it, where did you get the info, you have a hot line with Yellen?

boom

Forbes could be a better conspiracy theorist than me.

http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

boom

pre 9 godina

@leonidas
Like most serbs when faced with reality, you ignore it, blame someone else, then justify our own crimes by the tired fallacious argument “the others did it too”
Of course, it is somebodies else fault, this evil americans are printing dollars out of thin air to inflate apple’s value.
Are you yet another gold bug or conspiracy theorist waiting for doomsday and dollar’s demise?
Inherent value of all paper currencies tends to go to zero over time, not just the USD. Given enough time your chances of survival are zero as well.
Ask yourself, why can’t other central banks print their way to prosperity? Why can’t Russia print rubbles and have its currency strengthen? Why cant Serbia? Why is USD reserve currency and not the rubble?
US did not declare that the USD is reserve currency. They could care less. They don’t go around forcing countries to buy USD. Why is Putin keeping 400 billion USD in his central bank reserves? Is the US forcing him? I don’t think so.
The USD is reserve currency because all countries want them in their national reserve for mainly two reasons, first they want to buy things America makes and second as an insurance against their own political system demise. Give me your worthless paper dollars, I will gladly exchange them with rubbles. Stop reading doomsday blogs. If doomsday comes, the last place to visit will be America.

boom

pre 9 godina

@Leonidas
....The fact the Fed and the US government failed to report $ 16 trillion confirms the fact the US administration is the legal Cosa Nostra....

Clearly you are a conspiracy theorist, did the FBI prepare the sept 11 terrorist attacks as well?
How come you seem to know that there are $16 trillion not reported yet blame the FED and US government for not reporting it, where did you get the info, you have a hot line with Yellen?
Keep reading obscure doomsday and goldbugs blogs just like your nazi friends that are waiting for the US to collapse so they can start their wars of terror, rape and genocide and conquer kososvo. Dream on.
Here is my advise for you, google confirmation bias and try to find a cure for it, you are in advanced stages of that disease just like your friends.

boom

pre 9 godina

@leonidas
Forbes article proves nothing.
There are trillions of transactions everyday that taken in isolation can make sensation and catch titles for newspapers. Do some research and you will find out that nothing illegal has been done by the FED.
If you want to be purist, FED does not print money, it swaps assets. Less liquid for cash. Inform yourself. Your economics 101 are obsolete. By virtue of their size, USA and the FED create their own reality when they intervene , this you can not comprehend.

Leonidas

pre 9 godina

boom

Forbes is one of the news outlets reported the crime in addition to Bloomberg,CNNN,WSJ amongst others.Had you done your own research you've read the first FED audit (under Elise Coleman chief FED auditor)has turned up $16 Trillion dollars of loans all over the world to prop up the global fiat empire.The scary part is that this was done with no oversight or accountability .

If you want to be purist, FED does not print money.

Fed printing is a colloquial language for FED's money creation to finance the government's deficits.

it swaps assets. Less liquid for cash.

B....ks.The $ trillions the FED has created are backed by Yellen's fart nothing else.The ponzi scheme is on life support machine and needs $trillions of fresh money in order to avoid deflationary default.This would have destroyed all paper assets,because there would not be enough money to go around. The effect of paper asset devaluation would have rendered every nation,corporation,and individual,insolvent.It won’t just be the dollar it will be all paper currencies since they are all based off of the same fractional reserve lie.

boom

pre 9 godina

@leonidas
If you lived in the States you would know that there are thousands of journalists and lawyers and others in the look for this kind of things and they wont wait for you to break the news to them.
The story was talked about when it came out and I don't have any evidence than any wrongdoing was done by the FED nor any criminal charges were filed.
If you read your own comment, there is a contradiction in what you say, FED printing trillions yet deflation is everywhere.
If you increase the supply of money by that magnitude, how do you explain that prices are going down? Shouldn't we have double digit inflation?
Making loans is not equal to printing money, there is collateral behind the loans. The FED really cannot print money as most people think.
Read this paper from this guy, he seems to give a good explanation how the modern monetary system works, not mainstream yet, but the arguments seem solid.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625

Leonidas

pre 9 godina

If you increase the supply of money by that magnitude, how do you explain that prices are going down? Shouldn't we have double digit inflation?

Creating new loans doesn't increase the money supply.In fact The FED creates only the principal but not the interest needed to pay the interest on these loans.Therefore the debtors scramble to find the interest somewhere else,but there is never enough money to go around.In a system in which money comes into existence only by borrowing at interest the system is always short of funds (reduced money supply) somebody has to default.It follows that new money must always be created in order to pay the interest.Deflation is the FED's nightmare.When prices are falling and you have interest rates close to zero monetary policy is powerless and the risk of deflation is high thus the stimulus and the money creation.Back in 2003 Japan created Y35trillion in order to buy US government bonds in order to finance budget tax cuts in US with newly created money which were "monetized" by the Japanese.

boom

pre 9 godina

Read the paper I send you the link please and you will know more about how money comes into existence. Your understanding is not complete. It is not that simple.
It seems the FED is doing her job, keeping prices stable with low inflation, right?
cant criticize them for doing the right thing, I wish our central bank would do smth similar with the inflation running here above 10%.

Leonidas

pre 9 godina

Read the paper I send you the link please and you will know more about how money comes into existence.

The paper is just neo-liberal nonsense for a perfect neo-liberal world.The problem is the financial world is full of crooks and the biggest crookd are the world banksters who hold the entire world to ransom.What the world needs is publicly owned central banks in order to serve the needs of the populace.

Leonidas

pre 9 godina

It seems the FED is doing her job.
boom

Indeed and a nice one too."If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson, 3rd. President of the United States

boom

pre 9 godina

Indeed, you remind me of certain Don Quixote of La Mancha... take your fight to the central bankers now!
Certainly the government will do a better job with the money, we tried it, it was called the communist system.

Leonidas

pre 9 godina

Certainly the government will do a better job with the money, we tried it, it was called the communist system.
(boom,

Who says anything about communism? I am talking about publicly controlled banks allowed to create money and interest used for the public good instead of lining the pockets of the cabalist banksters. If people are asked to elect governments which have the power to declare war I am sure the same governments can be trusted to issue money .At least politicians can be held accountable which is not applicable to the banksters.