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 ...
Alernatively, worshippers at the House of Putin will feel a tingle run up their legs.
The first straw of the global market collapse?
He made sure China had his back before he made the call, too.
Watch out!
Ping.
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.
Not to worry as long as the printing presses don’t run out of paper and ink.
Which is why Obozo will implement sanctions. It's right up his alley........................
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.
Let them dump the bonds, then we can let others get the money they would get on the paying back of bonds.
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.
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.
Agree. Having China on board makes this very dangerous.
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.
“Governments can create their own money, they don’t need to borrow it.”
Most don’t realize this.
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.
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.....................
I guess Putey hasn’t found out yet that the bond gig is rigged. :-)
Obama better quit poking that Russian bear. He’ll get et up.
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).
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