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Thread: U.S. announces Sanctions against Russian Officials......

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    Re: U.S. announces Sanctions against Russian Officials......

    Quote Originally Posted by Erod View Post
    Putin considers Obama embarrassingly weak, and this pretty much proves he's right.
    What would be a strong response in your mind?

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    Re: U.S. announces Sanctions against Russian Officials......

    Quote Originally Posted by CalGun View Post
    Crimean Crisis: Russia Threatens to Abandon US Dollar And Dump American Debt - disinformation

    One should be wary and careful of unintended consequences. This little blog is a bias source, they were referring to a quote on "Voice of Russia" from an economic adviser of Putin. It should be noted Govt spox for Russia disavowed this threat, but just the fact someone tossed out the trial balloon is worthy of noting.


    Mornin Cal. Not to mention they already threatened to Reduce to Zero on any economic dependency with us.


    Russia warns could 'reduce to zero' economic dependency on US.....



    Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a "crash" if this happened.

    "We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," said Kremlin economic aide Sergei Glazyev.

    He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its "wonderful trade and economic relations with our partners in the East and South."

    Russian firms and banks would also not return loans from American financial institutions, he said.

    "An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system," he added.

    He said that economic sanctions imposed by the European Union would be a "catastrophe" for Europe, saying that Russia could halt gas supplies "which would be beneficial for the Americans" and give the Russian economy a useful "impulse".....snip~

    Russia warns could 'reduce to zero' economic dependency on US

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    Re: U.S. announces Sanctions against Russian Officials......

    Quote Originally Posted by polgara View Post
    Last I read, China may have 6,000 tons of gold on hand. Yep, they have been planning on doing something for a long, long time! They'd like to have the yuan included in a new basket of currencies, backed by gold, in place of the US dollar, and major world newspapers, including those in the US, are finally starting to editorialize this news.

    BTW, China also has agreements with Brazil, Australia, and South Africa, among others, to bypass the dollar in certain transactions.

    Greetings, MMC.
    That wouldn't happen unless there were major changes. The Yuan is a "managed" float. They would have to completely take the reigns off their currency and it would increase in valuation greatly against the US dollar..hurting their exports with the US.

    As for the agreements, ehh...ok...people don't trade and use the dollar because they love the US. They do it because the US economy is effin ridiculously huge and it's convenient.
    “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
    *Adam Smith*

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    Re: U.S. announces Sanctions against Russian Officials......

    Quote Originally Posted by joG View Post
    Sanctioning 21 people might be painful, if they are tough. Some of those guys have quite a bit of money outside the country. But what we are really showing the Russians is that the EU does not have the political will to do anything much. Germany and a couple of smaller countries have through corruption and negligence let themselves become far too dependent on Russian energy and cannot do anything worth while. So they can hardly stand up against, what they say is a breach of international law and a violation of human rights.

    And never forget. This was triggered by the EU and it must be their's to fix. It is not a monkey the US should want on its shoulder.
    Mornin' Jog. It sure didn't worry the Brits huh?


    "The standoff in the Crimea is not worrying too many bankers working in London's equity capital markets, despite a heavy sell-off across the board in Europe.
    Russia's incursion into the Crimea, which strategists say has re-activated East West tensions between the former Soviet Union nation and the US, has had a sharp impact on markets in early trading.

    It comes as a raft of initial public offerings and other equity deals are being prepared in Europe.

    ISS, a Danish outsourcing firm listing in Copenhagen, announced a price range for its IPO this morning, while UK discount retailer Poundland is also entering the final stages of a London flotation.

    David Buik, markets commentator at Panmure Gordon, said: "My greatest worry for a prolonged diplomatic impasse is that it could wreck the pipeline of IPOs – so necessary to illustrate the improving economic conditions which have recently manifested itself in the UK."

    ECM bankers calm on Crimea - Financial News

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    Re: U.S. announces Sanctions against Russian Officials......

    Ignorance is bliss. They have oil and energy they don't need dollars. They also have gold. Russia has already lead discussions of moving from the dollar to a world currency under the auspice of the UN - look it up. Like I said, ignorance is bliss, if you think the dollar is safe your beloved govt won't save you when its used as toilet paper.

    Quote Originally Posted by iliveonramen View Post
    Ha! So what is Russia going to use as currency when they buy and sell internationally? The Ruble? What are they going to invest their money in if not US securities? Empty threat is empty.

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    Re: U.S. announces Sanctions against Russian Officials......

    They also hold a small sum of our bonds/debts. They unload that into the market place it will have ramifications - perhaps the FED can print up enough fiat to buy it - not sure.


    Quote Originally Posted by MMC View Post
    Mornin Cal. Not to mention they already threatened to Reduce to Zero on any economic dependency with us.


    Russia warns could 'reduce to zero' economic dependency on US.....



    Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a "crash" if this happened.

    "We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," said Kremlin economic aide Sergei Glazyev.

    He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its "wonderful trade and economic relations with our partners in the East and South."

    Russian firms and banks would also not return loans from American financial institutions, he said.

    "An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system," he added.

    He said that economic sanctions imposed by the European Union would be a "catastrophe" for Europe, saying that Russia could halt gas supplies "which would be beneficial for the Americans" and give the Russian economy a useful "impulse".....snip~

    Russia warns could 'reduce to zero' economic dependency on US

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    Re: U.S. announces Sanctions against Russian Officials......

    Can you name any world reserve currency that lasted more than a 50 years? When did the world start with the dollar - early 1970's?


    Quote Originally Posted by iliveonramen View Post
    That wouldn't happen unless there were major changes. The Yuan is a "managed" float. They would have to completely take the reigns off their currency and it would increase in valuation greatly against the US dollar..hurting their exports with the US.

    As for the agreements, ehh...ok...people don't trade and use the dollar because they love the US. They do it because the US economy is effin ridiculously huge and it's convenient.

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    Re: U.S. announces Sanctions against Russian Officials......

    I think that's great. Grab all Russian money and assets. Seize any stocks, property and interests they have in the US too. We could use the money anyway. Call for a worldwide Russian money and property grab! This is a great excuse to do so.

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    Re: U.S. announces Sanctions against Russian Officials......

    Quote Originally Posted by Mason66 View Post
    Is it really common to sanction individuals?

    I don't think I have Heard that before.

    What if another country didn't like some US decisión? Could another country sanction US officials and what would the President do about it?
    My guess is a "tit for tat" response and that US individuals and Corporations in Russia will have accounts and assets frozen, land and facilities nationalized, and a discreet campaign to devalue the dollar with market manipulations usually done by the US Treasury Deptartments PPT (Plunge Protiction Team). Likely will be very expensive for both sides. Russia is not in debt. USA owes ???? $200 Trillion counting unfunded liabilities. Can we afford this?

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    Re: U.S. announces Sanctions against Russian Officials......

    Quote Originally Posted by CalGun View Post
    Ignorance is bliss. They have oil and energy they don't need dollars. They also have gold. Russia has already lead discussions of moving from the dollar to a world currency under the auspice of the UN - look it up. Like I said, ignorance is bliss, if you think the dollar is safe your beloved govt won't save you when its used as toilet paper.
    That is true.....and when the EU held up talks for a pipeline. Then Putin pushed his for their Pipeline into the south. Which they are saying is in agreement and will sign within a month.



    Russia pushes on with gas pipeline despite EU delaying talks....

    Russia's Gazprom, disregarding European Commission plans to delay talks, said it expected to sign deals this month on building its major South Stream pipeline to carry gas to central and southern Europe without crossing Ukraine.

    It made the announcement a day after the Commission said it would postpone talks with Gazprom over South Stream which still requires European Union legislation, including exemptions from rules that limit pipeline ownership and require access be provided to other gas firms.

    Past supply disruption because of pricing disputes between Moscow and Kiev have motivated EU leaders to seek alternatives to Russian gas, and the current Ukraine crisis has increased the EU's focus on diversifying energy sources.

    But previous efforts to bring new gas suppliers to Central Europe have so far largely failed.....snip~

    Russia pushes on with gas pipeline despite EU delaying talks

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