Unchained Preppers
General Category => General Discussion => Topic started by: JohnyMac on December 22, 2014, 12:33:50 PM
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Amongst my like minded friends I have been offering the opinion that the USofA is behind the Ruble collapse. Well here is an article basically sating the same.
Greg Hunter ([url]http://etfdailynews.com/2014/12/17/craig-roberts-is-ruble-collapse-act-of-war-paul/[/url]) writes:
"Former Assistant Treasury Secretary Dr. Paul Craig Roberts thinks the only thing that explains the plunge in the Russian ruble is that it is being attacked by America.
Roberts contends, “It is not a currency crash in the sense there are no economic reasons for the ruble’s fall. Unlike the United States, which has a massive trade deficit, and if the currency markets were not rigged, the dollar would be collapsing, the Russian economy has a trade surplus...”
In short Former Sec. Treasury Craig thinks that Putin will retaliate by demanding gold from American on Gold Backed Bonds they have purchased over the years.
2015 is going to be one interesting year. :gasMask:
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IIRC the Swiss have been trying for near 70 years to get the gold they shipped over in early days and pre WWII sent back to them. It is still in their account and properly held at Ft. Knox. But as far as Putin, that ain't gonna happen and with his political aims of restoration of the communist USSR no one is going to back him except Cuba and Venezuela.
Nemo
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Don't forget the BRIC (https://en.wikipedia.org/wiki/BRIC) countries which represent 3/4 of the worlds population and about 50% of the land mass.
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Don't forget the BRIC (https://en.wikipedia.org/wiki/BRIC) countries which represent 3/4 of the worlds population and about 50% of the land mass.
Agreed!
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The Ruble collapsed?
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Looks like it.
http://www.xe.com/currencycharts/?from=RUB&to=USD&view=5Y (http://www.xe.com/currencycharts/?from=RUB&to=USD&view=5Y)
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Eh.. I'm betting it's a set up!
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Putin tried to bail out the banks a few weeks ago. The slide continues.
http://www.businessweek.com/news/2014-12-22/kudrin-says-russia-entering-crisis-even-as-ruble-rallies (http://www.businessweek.com/news/2014-12-22/kudrin-says-russia-entering-crisis-even-as-ruble-rallies)
http://www.newsweek.com/russias-rich-gets-richer-dollars-ruble-plunges-293910 (http://www.newsweek.com/russias-rich-gets-richer-dollars-ruble-plunges-293910)
Putin warned his buddies to get out of the ruble before the Sochi Olympics. Most went into oil then the price collapsed. Gazprom is hurting but with the collapse of the ruble they are paying off debt fast - they denominated the debt in rubles not oil, gold or dollars. Nice timing on their part. The average person in Russia is starting to feel the squeeze now and it will hit hard in a month or so.
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http://www.businessinsider.com/r-russia-entering-full-fledged-economic-crisis-says-ex-minister-kudrin-2014-12 (http://www.businessinsider.com/r-russia-entering-full-fledged-economic-crisis-says-ex-minister-kudrin-2014-12)
Another article.
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Yeah. The average Ivan is attempting to take their money out of the Ruski banks and buying hard goods with their Rubles, e.g. washing machines, refrigerators, sowing machines, clothes, etc.
Maybe APX can talk more to this however what I have read of late; This typically is the start of a MAJOR collapse. The people know it and are acting before the hammer comes down.
I have also heard that folks are turning P into US $ which might be good for the short term but bad for the long term. Putin has also put a moratorium on private purchasing of PM's (Precious Metals) in Russia not unlike Pres. Franklin in the mid '30's. Mmmm....Yet Russian .gov is buying any and every ounce they can get their hands on.
I AM NO economic scholar here and would appreciate someone stepping into that roll for this discussion BUT...What happens if Russia totally collapses like happened in the '90's? Heck our national debt is 3x's what it was then not to mention our unsecured debt is in the $100T range.
War - Former soviet block countries...Middle East?
EU Collapse which will lead to a US collapse? Did I point out our $18T national debt and $100T unsecured debt liability?
Small crap like internet attacks... Localized terrorist attacks... Grid failures... Failure to deliver natural gas to the EU? Turning in US bonds that are backed with gold for... Gold?
Let your mind wander and think about who will benefit if some/all of the above happens. Follow da' money..........
Oh and for kicks and giggles lets add to the equation the up and coming fight in Washington DC between the three equal branches of the government.
Oh, my local supermarket is advertising ground beef, on sale, for $5.29 a pound. :what:
Stay tuned... :coffeeNews:
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I think I mentioned the oil price and their thing in Russia a bit ago here so thats my thoughts on this situation. Either way, Monex dot com has Monex Spot Gold 1176.00 and Monex Spot Silver 15.65. If you do not have any now, it would be a very good time to buy into silver. Most places that sell and advert on TV sell a full tube minimum. Thats 20 ounces in Silver Eagles that you can end up getting for about $350 or thereabouts. I surely believe that is a sound investment.
Nemo
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Nemo, I agree with you. Silver right now is a good buy. For less than a 500 rnd box of .22LR's; you can buy 2 oz. of silver.
I know several people up here at the cabin who are using silver or gold for things right now.
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Send it. Let's get this boat on the road already