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Russia Moves $100 Billion From Fed
Topic Started: Mar 16 2014, 08:44 AM (354 Views)
Zechariah
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Zechariah
$100B withdrawal from US Treasury bills hints at Russian move

WASHINGTON — A record $100 billion in withdrawals of Treasury bills is raising speculation that the Kremlin and Russian oligarchs are yanking their money out of the United States to avoid upcoming sanctions over Ukraine.

The massive outflow over the past week came as President Obama and other top US officials repeatedly warned Russia would face a “cost” if it didn’t reverse course in Ukraine.

The total amount of foreign-held US Treasury securities dropped to $2.86 trillion — lowest in more than a year.

Last year, the most moved out in a week was $32 billion.

Analysts said that if the switch was made by Russia, it would represent about 80 percent of that nation’s US Treasury holdings.

“This is only speculation on our part, but it seems likely that the Russian authorities had more than $100 billion of Treasury debt in custody at the Fed, and it doesn’t seem implausible that they moved it to a jurisdiction where it would be less vulnerable to a US asset freeze,” Lou Crandall at Wrightson ICAP LLC told The Wall Street Journal.

News of the financial movements came on a day of violent protests in Ukraine and no sign of a crisis resolution.
Journalists saw pro-Russian demonstrators throw eggs and smoke bombs at one protest, brushing past police to beat rival demonstrators with batons.

Russia’s foreign ministry is blaming the unrest on “extreme rightist groups” and stating bluntly that it will protect ethnic Russians in the region.

“Russia is aware of its responsibility for the lives of compatriots and fellow citizens in Ukraine and reserves the right to take people under its protection,” the ministry said — raising fears of further intervention by Russia, which effectively took control of Crimea last month.

Russia also shipped more heavy equipment and troops into the region, where residents vote Sunday whether to separate from Ukraine.

The US ambassador to the UN, Samantha Power, called the referendum “hastily planned, unjustified and divisive,” but there was little doubt it would proceed and tighten Russia’s grip.

Secretary of State John Kerry met with his Russian counterpart, Sergey Lavrov, in London to discuss a possible diplomatic solution but reported no progress after six fruitless hours of talks.

“There will be consequences if Russia does not find a way to change course,” Kerry warned.

But his words had no effect.

After his meeting at the stately US embassy in London, Lavrov declared: “We have no common vision of the situation. Everyone understands — and I say this with all responsibility — what Crimea means to Russia.”

He went on to say it meant “immeasurably more” than the Falkland Islands mean to Great Britain. Britain went to war with Argentina over the Falklands in 1982. Lavrov indicated Russia wouldn’t invade eastern Ukraine.

http://nypost.com/2014/03/15/facing-sanctions-russia-yanks-100b-out-of-us-treasury-bills/
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VoiceofReason

If I had placed $100, or $100,000, in the hands of an enemy who has become active against me, I'd get my money back too. So, $100B...I completely understand.
Edited by VoiceofReason, Mar 16 2014, 10:28 AM.
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Zechariah
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Zechariah
Truthie
Mar 16 2014, 10:27 AM
If I had $100, or $100,000, in the hands of an enemy who has become active against me, I'd take my money too. So, $100B...I completely understand.
I hear you dear, and I concur. It's a measure of the quiet and steadfast manner that Putin moves with. Anyone thinking that he's not serious is fooling himself. He will very deliberately do what he has to do. Obama and co are used to those who they can muscle, this will be different.
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VoiceofReason

Zechariah
Mar 16 2014, 10:30 AM
Truthie
Mar 16 2014, 10:27 AM
If I had $100, or $100,000, in the hands of an enemy who has become active against me, I'd take my money too. So, $100B...I completely understand.
I hear you dear, and I concur. It's a measure of the quiet and steadfast manner that Putin moves with. Anyone thinking that he's not serious is fooling himself. He will very deliberately do what he has to do. Obama and co are used to those who they can muscle, this will be different.
They're putting on the gloves and placing the syringe in their pocket. And China's behind the curtain, smiling with glee.
Edited by VoiceofReason, Mar 16 2014, 10:34 AM.
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Zechariah
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Zechariah
Truthie
Mar 16 2014, 10:32 AM
Zechariah
Mar 16 2014, 10:30 AM
Truthie
Mar 16 2014, 10:27 AM
If I had $100, or $100,000, in the hands of an enemy who has become active against me, I'd take my money too. So, $100B...I completely understand.
I hear you dear, and I concur. It's a measure of the quiet and steadfast manner that Putin moves with. Anyone thinking that he's not serious is fooling himself. He will very deliberately do what he has to do. Obama and co are used to those who they can muscle, this will be different.
They're putting on the gloves and placing the syringe in their pocket. And China's behind the curtain, smiling with glee.
I hope America is ready for this. :D
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The SOLE Controller
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Zechariah
Mar 16 2014, 10:30 AM
... It's a measure of the quiet and steadfast manner that Putin moves with.
lol @ a 5-yr-old plan being "steadfast" in the mind of a dumbfucc

Quote:
 
Anyone thinking that putin is not serious is fooling himself...


Duh???


You idiot, he's an old Cold War Colonel, so...of course he's serious about galvanizing the drums of war VS the USA
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The SOLE Controller
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Zechariah
Mar 16 2014, 09:01 AM
From the economic point of view, everyone should get ready for tough actions from Moscow. Sergei Glazyev, the most hardline of Putin’s advisors, sketched the retaliation strategy: Drop the dollar, sell US Treasuries, encourage Russian companies to default on their dollar-denominated debts, and create an alternative currency system (reference currency) with the BRICS and hydrocarbon producers like Venezuela and Iran.



You dumbfucc...LOL...still trying to pawn 2009 issues off, as brand new eh?





Quote:
 
The Beginning of the End for the U.S. Dollar as the World Reserve Currency

APRIL 20, 2012

by MICHAEL PAYNE


*China and the United Arab Emirates (UAE) have announced an agreement which will use the yuan for oil trades. The Chinese National Bank said that this agreement, worth around $5.5 billion, was made to “strengthen financial cooperation, to promote trade and investments, and to mutually assure regional financial stability.”

*Russia and Iran have agreed to use rubles as a means of currency in their trades. Russia has joined China in opposing U.S. sanctions against Iran and fully intends to maintain a close relationship with Iran.

*China will pursue bilateral trades with Russia and Malaysia using the yuan, the ruble and the ringgit, respectively.

*The nations comprising the BRICS group (Brazil, Russia, India, China and South Africa) recently agreed at their summit meeting in Sanya, China, to establish mutual lines of credit in local currencies. This, again, is a very significant development since this group of nations represents a very powerful economic bloc going into the future.

*The United Nations Conference on Trade and Development has stated that “the current system of currencies and capital rules which binds the world economy is not working properly and was largely responsible for the financial and economic crises.” Further that “the dollar should be replaced with a global currency.”..


Quote:
 
Will Brazil, Russia, India, and China Abandon the U.S. Dollar?
The BRIC countries ramp up calls to diversify the international monetary system.


June 17, 2009

"Brazil, Russia, India and China [the BRIC nations] on Tuesday called for a more diversified international monetary system...avoiding any explicit criticism of the world's dominant currency, the U.S. dollar." How serious are the members of the BRIC about abandoning the U.S. dollar? Would this hurt the United States? The BRIC countries? All of the above?...

http://www.usnews.com/opinion/articles/2009/06/17/will-brazil-russia-india-and-china-abandon-the-us-dollar
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VoiceofReason

Zechariah
Mar 16 2014, 10:35 AM
Truthie
Mar 16 2014, 10:32 AM
Zechariah
Mar 16 2014, 10:30 AM
Truthie
Mar 16 2014, 10:27 AM
If I had $100, or $100,000, in the hands of an enemy who has become active against me, I'd take my money too. So, $100B...I completely understand.
I hear you dear, and I concur. It's a measure of the quiet and steadfast manner that Putin moves with. Anyone thinking that he's not serious is fooling himself. He will very deliberately do what he has to do. Obama and co are used to those who they can muscle, this will be different.
They're putting on the gloves and placing the syringe in their pocket. And China's behind the curtain, smiling with glee.
I hope America is ready for this. :D
Nothing to smile about, Z.
It's an international chess game.

Hmm. The amount the moved is barely more that the Fed flooded into the market. I don't think there will be a major financial impact. I'd like to see if the Fed adjusts any monetary policies.

The thing is, it's the superpowers sizing each other up. In the past, we could run everyone else off the playground. Putin is standing his ground (as loaded as that phrase is). No double-pun intended.
Edited by VoiceofReason, Mar 16 2014, 10:45 AM.
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The SOLE Controller
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Truthie
Mar 16 2014, 10:41 AM
...The amount the moved is barely more that the Fed was printing monthly last quarter. I don't think there will be a major financial impact...


...shhh...
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Whozthatgurl
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#ITISWHATITIS
Zechariah
Mar 16 2014, 10:35 AM
Truthie
Mar 16 2014, 10:32 AM
Zechariah
Mar 16 2014, 10:30 AM
Truthie
Mar 16 2014, 10:27 AM
If I had $100, or $100,000, in the hands of an enemy who has become active against me, I'd take my money too. So, $100B...I completely understand.
I hear you dear, and I concur. It's a measure of the quiet and steadfast manner that Putin moves with. Anyone thinking that he's not serious is fooling himself. He will very deliberately do what he has to do. Obama and co are used to those who they can muscle, this will be different.
They're putting on the gloves and placing the syringe in their pocket. And China's behind the curtain, smiling with glee.
I hope America is ready for this. :D
Trust me America is. Right now all we are doing is watching. Don't let Putin's actions cloud your mind into thinking that he is setting the agenda. Right now it might seem this is the case. :-/
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