Posted on 12/30/2014 8:00:38 AM PST by GilGil
To begin with, Russia has no need to sell gold. In fact, Russia added 150 tonnes of gold to its Central Bank holdings in August, September and October. It didn’t make any sense that Russia would then turn around and sell gold. Why? Russia runs a current account surplus - LINK. It has cash on its balance sheet. Something the U.S. can only dream about, as the U.S. Government has to issue debt every hour to fund itself. The last time the U.S. sniffed a positive balance of payments was in the 1980’s.
Second, Russia just got through paying down a big chunk of sovereign debt during Q3. It’s current Debt/GDP ratio is 10%. The U.S. Treasury Debt to GDP is over 100%. Note: this does not include direct obligations like the debt of Fannie Mae and Freddie Mac now guaranteed by the U.S. Government. The last time the U.S. had Debt/GDP of 10? I don’t know, the Fed records only go back 1966 and the lowest that ratio got between then and now was about 30% – LINK.
(Excerpt) Read more at silverdoctors.com ...
No.
Not cooked up by this adminstration.
Big difference between little guy on the street and the billionaire folks. Cash flow is being reshaped right now. US and Euro currency will dominate cash transactions over the next year unless something changes. You can’t run a legit country....where a quarter of all transactions involve a currency of another country.
Absolutely.........NOT!
At the present time, no, we cannot.
The United States government, particularly its executive branch, is currently peopled ENTIRELY with inveterate liars and anti-U.S. scumbags.
Your answer echos throughout this land in the minds of real Americans.
It's in their culture and nature to persevere. I'm wondering if a long-term consequence of the global economic mess is Russia will become less dependent on the west and its sanctions and global manipulation of currencies.
Can We Believe Anything Coming From The U.S. Government?
Not when it’s run by enemies of the U.S.
No
It is an infestation worse than wholesale conflagration by bedbugs in a New York tenement.
Agreed...No. Nor anything coming from any other government unfortunately.
Does the guy in charge of it lie?
GilGil,
Russian Central Bank was buying gold from Russian gold miners FOR ROUBLES. Putin just made them an offer they could not refuse.
In a very warped kind of way, what is happening is for the best. Russia and China and probably others will develop their own systems which will foster a lot more competition throughout the world. The US is at its best when it competes instead of bullying the world to serve just a few.
“It is an infestation worse than wholesale conflagration by bedbugs in a New York tenement.”
And of course, the bedbug infestations are caused by EPA lies about pesticides.
the huge positive is that we have the web which makes getting to the facts much easier. If we were back in 1940 we would be screwed beyond hope.
I believe that what I hear from the government is probably a lie.
Does that count?
I disagree. We can believe SOME of the stuff coming out of the gov’t, but only after independent researcy and validation on our own.
I would rephrase it to: “Blindly trust NOTHING, verify everything”. Sound familiar?
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