February 19, 2015 at 7:57 pm #36835
namelusSurvivalistFebruary 19, 2015 at 8:55 pm #36837
Well the good news is Russia doesn’t really have much Dollars, only $86 billion which if it sold all of it this will not be much in the world markets and will not do much to the dollar. China also only sold $6 billion when they own over a Trillion dollars in Treasury. China does this all the time. I am not sure if this means anything. For Russia they need the funds since the Ruble has lost over 50% of it’s value and oil is at an all time low Russia needs the funds. I am not sure what Russia is using the fund for.
namelus to many things are going on right now, the Euro is in trouble, the world economy is in trouble, Japan is in trouble maybe why it needs to sell the Dollar too.
I think that everyone is thinking that all currencies are going to collapse in the future.February 19, 2015 at 8:58 pm #36838
Also namelus think about the QE that the Fed was doing for over two years, they were printing $80 billion a month, so the $86 billion Russia has is not much. Look at Europe the QE they just started, printing $60 billion Euros a month and they said they will do this for more the a year.February 19, 2015 at 9:35 pm #36840
Freedom: You are right on. I recognize for us mere mortals when your talking billions, that’s a big freaking number, but to a central banker that’s like petty cash. I would suspect that transactions like this happen more frequently than we imagine.
I worked for a Fortune 500 company that at the end of the day would empty the bank accounts every night and loan it out for several hours and put it back in for the start of business the next day. Cash management at it’s best.February 19, 2015 at 11:56 pm #36845
It’s not the fact that we had to buy back $86 billion that is disconcerting. It’s the fact that Russia is hurting badly enough to sell them. Animals in corners are dangerous…February 20, 2015 at 12:02 am #36846
Yes WhiteKnight that is the point that they are hurting. Russia is in trouble, this is not about doing something to the dollar. Putin is mad and wants pay back for what has happen.February 20, 2015 at 9:23 pm #36882
Russia is in trouble , but again , they will be around a lot longer than we will .They are used to hardship , we are not . Too much affluence for too long a period of time , does breed a weak society .February 20, 2015 at 9:32 pm #36883
Tolik, Russia is a big bear(Super Power) that has been shot in the leg but if you shoot a bear in the leg you better not go to sleep that night! That is Putin.February 21, 2015 at 5:33 am #36892
Russia won’t be around any longer than we will.
No matter how you look at it, its nothing more than mutual assured destruction from another direction.
Be it nukes or banks, everything is so interconnected today, one cannot exist without the other.February 21, 2015 at 6:37 pm #36910
I stand corrected. After your comments I went back and did some research. According to SHTF.com Russia has sold off 20% of their dollar holdings. That is a lot more than the central bank playing in the currency trading casino. If the Chinese start to play the game, then things will get very interesting very quickly.February 22, 2015 at 12:23 pm #36936
I kinda hate these articles that can’t explain the full “who, what where, why” and what happens now.February 22, 2015 at 4:37 pm #36941
We are all interconnected , just saying that some people around the world are mentally better suited to deal with hardship than we are . They will do better long term . Thats what scares me , our pansy a$$ people break a finger nail , its an emergency . Not everybody , but way too many , and with the anything goes society we have created , their behavior and reaction is going to be far different than the generation of the 1930’s depression , who did have a solid moral/ethical foundation . We will all be at ground zero around those people , that does concern me a lot , a lot of shooting going to be going on during the initial panic phase , not looking forward to that crap . It stinks , but exercise your 2nd amendment now to the fullest , wherever you are . I wish my grandmother had lived longer , she did go through that , would have been good to hear first hand how that was , She did tell me some things , but not enough .February 22, 2015 at 4:46 pm #36942
Tolik is right about there are better suited countries that will deal with a world collapse. Russia may lose 20 to 30% of there population many will be it the cities the same goes for China, India and all of Africa but in the U. S. Canada, and Europe will lose 80 to 90% of the population in a collapse.February 22, 2015 at 4:53 pm #36943
That is bad , but not to sound cold , but what is the biggest problem in the world today ? Overpopulation .
It looks like an economic collapse is an unavoidable thing at this point , I dont think it can be stopped , delayed perhaps . Grim as it is , the world may actually be a better place to live in the long run with a lot less people in it . Ever put a few hundred ants in a small jar as a kid ? all climbing all over each other with no space , then when you shake them up a little bit , they get irritated and start biting and fighting each other . Here is another one to think about : Cell phone dependance is probably the single most societally destructive element in the world ever crated . We would like to think about them as a tool , they really are not . They make humans socially inept and separated from reality , they make people easily led with propaganda , they weaken the mind , think about the long term destruction going on every day , all over the “civilized” world . We are junkies , and not in a good way .
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