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Putin Adviser Urges Dumping US Bonds In Reaction to Sanctions
RIA Novosti ^ | 3/4/14

Posted on 03/04/2014 10:33:53 AM PST by marshmallow

MOSCOW, March 4 (RIA Novosti) – An adviser to Russian President Vladimir Putin said Tuesday that authorities would issue general advice to dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine.

Sergei Glazyev said the United States would be the first to suffer in the event of any sanctions regime.

“The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia,” Glazyev said. “Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don’t depend on them in any way.”

Glazyev noted that Russia is a creditor to the United States.

"We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”

According to US Treasury data from the end of 2013, Russian investments in US government bonds total around $139 billion out of a total of $5.8 trillion of US debt held in foreign hands.

US Secretary of State John Kerry on Saturday warned that Russian military interventions in Ukraine, which have been justified by the Kremlin as protection for residents in heavily ethnic Russian-populated regions, could result in “serious repercussions” for Moscow.

(Excerpt) Read more at en.ria.ru ...


TOPICS: News/Current Events
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This ought to really tick off some of the "Cold War" blowhards around here.
1 posted on 03/04/2014 10:33:53 AM PST by marshmallow
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To: marshmallow

Alernatively, worshippers at the House of Putin will feel a tingle run up their legs.


2 posted on 03/04/2014 10:35:43 AM PST by 1rudeboy
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To: marshmallow

The first straw of the global market collapse?

He made sure China had his back before he made the call, too.

Watch out!


3 posted on 03/04/2014 10:37:01 AM PST by Coffee... Black... No Sugar (I'm gonna' BICKER!)
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To: GeronL; KC_Lion

Ping.


4 posted on 03/04/2014 10:38:08 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: marshmallow

That’s a laugh, for five years now the Fed Reserve just sends in the plumber protection unit at Bond auctions to buy them up, and Insurance companies are giving investors Market value adjustments to coax them into selling their pre-tarp bonds.
Janet Yellen would eat Putin’s lunch, let him sell, the Fed wants to monitize the debt further, that would be an opening.


5 posted on 03/04/2014 10:40:51 AM PST by swamprebel (a Constitution once changed from Freedom, can never be restored.)
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To: Army Air Corps

Not to worry as long as the printing presses don’t run out of paper and ink.


6 posted on 03/04/2014 10:41:39 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: marshmallow
“Most of the sanctions against Russia will bring harm to the United States itself....

Which is why Obozo will implement sanctions. It's right up his alley........................

7 posted on 03/04/2014 10:44:16 AM PST by Red Badger (LIberal is an oxymoron......................)
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To: marshmallow

I’m not sure if that’s desperation, bravado, or ignorance on the part of the man. Given Putin’s otherwise slick handling of the Russian propaganda machine, I’d say it’s more of the latter two. Someone needs to shoot his advisor with a tranquilizer gun.


8 posted on 03/04/2014 10:45:31 AM PST by meatloaf (Impeach Obama. That's my New Year's resolution.)
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To: marshmallow

Let them dump the bonds, then we can let others get the money they would get on the paying back of bonds.


9 posted on 03/04/2014 10:46:42 AM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: Red Badger; marshmallow
7 “Most of the sanctions against Russia will bring harm to the United States itself....

Which is why Obozo will implement sanctions. It's right up his alley........................

Was watching FNC's "TO'RF" last night when the BO'Re strongly advocated financial sanctions against Russia. I strained a gut yelling at the TV that this approach would backfire dangerously on the U.S., especially after we are told that Russia and the ChiComs are back to being best buds.

10 posted on 03/04/2014 11:01:23 AM PST by MacNaughton
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To: marshmallow

Given that the Federal Reserve and its rigged control of interest rates, and monetization of government debt is the foundation of the nanny-state here in the USA, I am quite curious to see what would happen when a big US Government debt holder tries to dump their T-Bonds.

It might be ugly for us - or it might be ugly for them. Hard to say.

Either way - massive government debt held by foreigners who may one day be your enemy is not a sensible or stable long-term security policy.


11 posted on 03/04/2014 11:01:58 AM PST by PGR88
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To: Coffee... Black... No Sugar

Agree. Having China on board makes this very dangerous.


12 posted on 03/04/2014 11:02:41 AM PST by Boanarges
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To: marshmallow

Dump central banking altogether, UK sovereign debt, Euro debt, US debt, dump ALL sovereign debt.

Governments can create their own money, they don’t need to borrow it.

Arrest the financial elites as war crimes conspirators.

All the major military powers have to do this at the same time, or the bankers will get whichever nations they still are allowed to operate in to go to war against the nations that kicked them out.

Then begins the long job of “de-bankstering” the universities, industries, news media, capital markets, defense, government, tax-exempt foundations, inetelligence agencies, etc.

Sounds like a lot, but if done from the top down, once the top criminals are arrested and the reorganizations happen, everyone will realize that the bankster game is over.

Get rid of the puppet masters.


13 posted on 03/04/2014 11:12:36 AM PST by PieterCasparzen (We have to fix things ourselves)
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To: PieterCasparzen

“Governments can create their own money, they don’t need to borrow it.”

Most don’t realize this.


14 posted on 03/04/2014 11:21:28 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: marshmallow

For some reason I get the felling our leaders, both Putin and O’bummer, are a couple of snotty nosed school-boys fighting in the school yard. That’s our diplomacy for you.
Now if China dumped our bounds we would really be in trouble.


15 posted on 03/04/2014 11:39:33 AM PST by Vinylly
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To: MacNaughton

All either one of them has to do is dump their treasuries on the market and POOF, the dollar goes to zilch..................but then they would lose as well.....................


16 posted on 03/04/2014 11:45:56 AM PST by Red Badger (LIberal is an oxymoron......................)
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To: Don Corleone

I guess Putey hasn’t found out yet that the bond gig is rigged. :-)


17 posted on 03/04/2014 1:04:01 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: marshmallow

Obama better quit poking that Russian bear. He’ll get et up.


18 posted on 03/04/2014 1:24:27 PM PST by macglencoe (You see what the left hand is doing, but you should be watching the right hand.)
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To: marshmallow
Did someone say, "Cold War?" And dumping bonds, Pootie, seriously, that's a great idea! Go ahead, make our day, Putin! Dump those bonds (not a drop in the bucket compared to what the Chinese have bought)!

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19 posted on 03/04/2014 1:48:31 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: marshmallow
But then smart investors know Putin is talking smack. On RIA Novosti,...

Wikipedia
Rossiya Segodnya (official name: Federal State Unitary Enterprise International Information Agency Rossiya Segodnya; from Russian: Россия Сегодня, Russia Today) is the official Russian government owned international news agency founded by presidential decree on 9 December 2013. Rossiya Segodnya incorporates the former RIA Novosti news service and the Voice of Russia international radio service (formerly Radio Moscow).



20 posted on 03/04/2014 1:51:34 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Red Badger
16 All either one of them has to do is dump their treasuries on the market and POOF, the dollar goes to zilch..................but then they would lose as well.....................

In a sane world, what you say holds, but with tensions rising worldwide ...

I am reminded of that scene from "The Godfather" where Clemenza is instructing Michael how to shoot the pistol to assassinate Capt. McCluskey and Sollozzo. Michael asks how bad will the aftermath/blowback be. Clemenza replied, "Pretty bad. But these things have to happen every 10 years or so to get rid of the bad blood."

And of course, the "Sage of Monticello" had something to say about that also ...

“I hold it that a little rebellion now and then is a good thing, and as necessary in the political world as storms in the physical. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure.” Thomas Jefferson, POTUS #03

“The Fable of the Scorpion and the Frog”: A scorpion asked a frog to carry him across a river. The frog is afraid of being stung during the trip, but the scorpion argues that if it stung the frog, the frog would sink and the scorpion would drown. The frog agrees and begins carrying the scorpion, but midway across the river the scorpion does indeed sting the frog, dooming them both. When asked why, the scorpion points out that this is its nature. There is also a variation in which the final words of the scorpion are "It is better we should both perish than that my enemy should live."

21 posted on 03/04/2014 1:53:07 PM PST by MacNaughton
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To: Red Badger

Yes, and everyone is too afraid to admit that truth. The world will just continue on as before, the Fed machine can keep on moving decimal places on flat screens, 401Ks and IRAs will soar, and nothing will ever happen to change any of this. OK?


22 posted on 03/04/2014 3:26:34 PM PST by SkyPilot
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