..........beginning of the USD doom.
'...The TSX has therefore granted the extension to avoid the potential duplication of costs associated with having two meetings within a short timeframe...'
Explanation: We're outta funds....no dinero......short on cash.......el emptyo cash box
And. that my friend is the best explanation to date. Putin has played a chess masters game. He has run circles around the US. History will look back at the sanctions against Russia and ask; 'what idios conceived of these sanctions??' Unfortunately, the idiots will be the dumb Americans along with their dumb British allies, who convinced the dumb EU idiots to go along with this hair-brained scheme to 'ruin' Russia's economy.
I must give Putin a big 'attaboy' for this classic maneuver. He outsmarted everyone.
Are we that dumb??? SHEEESH !!!!
These two events–Charlie Hebdo and the Russian decision to cease delivering gas to Europe via Ukraine–should remind us that the potential for black swans, and unintended consequences of official decisions that can produce black swans, always exist. Not even the American “superpower” is immune from black swans. [...]
Therefore, the Russian and Chinese governments reason, “Why be provocative and slap down the Western fools. They might resort to their nuclear weapons, and the entire world would be lost. Let’s just walk away while they encourage us to depart with their provocations.”
Sinclair is wealthy in his own right. He doesn't need to make more money. Sinclair loved the adoration he received from his CIGA 'investing family'. In my opinion, that was what he wished for. If the TRX gold ship 'came in', he would be on cloud nine at the pinnacle of gold gurus and would've lived up to his 'Mr. Gold' moniker.
As Yogi Berra once said; 'it ain't over till it's over'. Let's all take a second wind and see what comes over the horizon. It just might be a 'thing' of substance, and fool all of us.
Russian Finance Minister Anton Siluanov said that the Finance Ministry is ready to sell 500 billion rubles ($7 billion) from the Reserve Fund.
MOSCOW, January 14 (Sputnik) – Russia could make a windfall if it sold its currency reserves because the ruble is currently undervalued on the market, Russian Finance Minister Anton Siluanov said Wednesday.
“If we use part of our reserve fund, the currency reserve fund, and transfer it into [foreign] currency and place it on the market, we would make some good money for the budget. … In today’s conditions of low oil [prices] and high percentage rates, and here we’re talking about the ruble being undervalued, then we could fully use part of the gold currency reserves already at the beginning of the year,” Siluanov said at the Gaidar Economic Forum in Moscow.
Siluanov said that the Finance Ministry is ready to use 500 billion rubles ($7 billion) from the Reserve Fund and reminded that a similar strategy was applied last year.
On Tuesday, the Finance Ministry announced that in 2014, the Reserve Fund grew by 72.9 percent year-on-year, topping 4.94 trillion rubles, while the National Welfare Fund increased by 51.3 percent to 4.388 trillion rubles.
The current growth of Russian sovereign funds has been largely due to the depreciation of the ruble, triggered by falling oil prices and geopolitical tensions over the conflict in Ukraine.