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| Russia Moves $100 Billion From Fed | |
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| Topic Started: Mar 16 2014, 08:44 AM (354 Views) | |
| Zechariah | Mar 16 2014, 08:44 AM Post #1 |
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Zechariah
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$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 | Mar 16 2014, 10:27 AM Post #2 |
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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 | Mar 16 2014, 10:30 AM Post #3 |
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Zechariah
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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 | Mar 16 2014, 10:32 AM Post #4 |
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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 | Mar 16 2014, 10:35 AM Post #5 |
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Zechariah
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I hope America is ready for this.
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| The SOLE Controller | Mar 16 2014, 10:39 AM Post #6 |
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lol @ a 5-yr-old plan being "steadfast" in the mind of a dumbfucc
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 | Mar 16 2014, 10:40 AM Post #7 |
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You dumbfucc...LOL...still trying to pawn 2009 issues off, as brand new eh?
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| VoiceofReason | Mar 16 2014, 10:41 AM Post #8 |
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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 | Mar 16 2014, 10:43 AM Post #9 |
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...shhh... |
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| Whozthatgurl | Mar 16 2014, 07:28 PM Post #10 |
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#ITISWHATITIS
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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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