Posted on 12/16/2014 10:05:30 PM PST by blam
Elena Holodny
December 16, 2014
As Russia's currency crisis unfolds, Russians are scrambling to get their hands on US dollars.
Even Russians working in the oil sector are rushing to trade their rubles in for dollars.
A bank in Russia's Khanty-Mansiysk region aka an area in Russia that produces approximately 51% of Russian oil has completely run out of dollars, and is almost out of euros, reports Interfax.
The bank still has rubles.
"Basically, what this means is that people who work in the oil industry [in Khanty-Mansiysk] just got all of their money out of the bank in dollars," a person familiar with the matter told Business Insider.
Early Tuesday (late Monday ET), the Russian Central Bank raised rates to 17% from 10.5%. The bank's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks.
In a sentence, it did not work. The Russian currency fell to new lows, reaching 80 rubles to the dollar and 100 rubles to the euro on Tuesday. It first opened 8% stronger after the central bank's rate hike.
(snip)
(Excerpt) Read more at businessinsider.com ...
NATO?
ROFL!
NATO is a joke.
Are we not told nearly on a daily basis that the worlds economies are linked due to globalization? what makes us think we can destroy the Russian economy and currency without that act spreading uncontrollably ?
Somewhat amusing the reporters last name translates as “Hungry”...
WW2 was partly based on the embargoes the US placed against Japan's access to oil.
They can’t have mine.
All those gold commercials we see on TV, those companies need to be directing their efforts to Russia. They’ll make a fortune (in rubles of course...)
Agreed. I think that the Russians will have to resort to some sort of “war” against the western transnational elites. Cyber attacks against Wall Street, government and military institutions, banks, electrical grids; the list is legion. I also concur that their attacks will be disguised and proxies will be used- perhaps a faux Islamic terror groups under orders from Moscow.
They can also cause “accidents”. A few oil tankers could sink, one of Buffets’ railroads carrying petrol could blow up.
I think it’s clear that the Western elites are trying to depose Putin and force Russia into vassal status at the feet of the NWO
At this point we have to hope that Russia can resist; otherwise we will be one step closer to a one world bank, a one world digital currency, and a one world government.
The US dollar became the world's reserve currency in 1946 because the US held most of the world's gold, the supremacy of common law, and its victorious global military power. The pound sterling was the previous world reserve currency, backed by gold, silver, the supremacy of common law, and the Royal Navy.
There is an obvious pattern here. China, Russia, and India are accumulating gold. Add South African production and you have the basis for a gold backed united currency. What they are all lacking is military supremacy and the rule of law.
The BRIC nations could unite and issue a currency backed by gold in the near future. How the markets will accept a currency backed by gold held in Moscow and Shanghai is an open question. Personally, I don't trust any of those f*ckers.
Heh... yeah, and the dollar is going to be dumped as a reserve currency, and its value is going to collapse, and the only people who will survive the economic disaster will control the supply of gold and poptarts.
Probably cigarettes, half-pints, toilet paper, “lead” and unperishable food will be more useful than metals.
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