"While the US continues the parade with 'destroying' the Russian economy, even if it means crushing the shale industry, aka the only bright spot of high paying job-creating industry in the US over the last five years, Russia and China continue to be nudged by the West ever closer monetarily and strategically until one day China and Russia will announce a joint currency, one backed by China's gold silver reserves and Russia commodity hoard"
The world she is a changing.
If the Economy here in the USA is growing at 5%(laughable) then why did the Federal Reserve just announce last Wed. that they will not be raising rates for the foreseeable future?
The only rate that will be raised is the rate of B_S propaganda an bogus statistics.
Putin knows this---But I think Russia and the rest of BRIC nations are slowly creating there own markets and payment systems thereby distancing themselves by bypassing the worthless IOU which eventually will implode Amerika without firing a shot. What should be of CONcern is that the desperate sociopaths in Washington run by the criminals on WS also know this and want the rigged game to CONtinue. We will see good vs. evil and god help us.
"The system is already operating and will be fully functional within six months"---OHH MY OH MY
Sad days indeed.....Hope the CONS end up with a lump coal in their stockings but something tells me it will be a diamond. Something also tells me, the winds of change are approaching. Merry Christmas
what in fact has taken place is the exact opposite. The unloading of US debt securities and worthless paper are slowly and methodically taking place, all while purchasing tangible real assets and setting up their own forms of payment systems and exchanges. The transfer of real wealth from West to East continues while the 95% of gullible Americans standard of living continues it's decent masked by statistical nonsense, corrupt markets and the bombardment of State Department lies. How long this can continue nobody knows, but make no mistake the day of reckoning will shake the West and in particular to it's core.
There is no rule of law for the Elites and until a revolution ensues it will continue. It has progressed to the point of no return for America I'm afraid. We have become one hypocritical lawless nation for everyone to see.
Boosting trade in Yuan is a solution proposed by Beijing's commerce minister.====OHH MYY
I for one agree with Paul Craig Roberts. Things aren't always how they appear, especially what has been the demonizing and complete nonsense spewed by the bought and paid for extension of the state department Main Stream Media.
Like it or not Russia is a superpower with huge amounts of natural resources with some major trade agreements with China and Turkey among others who are bypassing the US dollar setting the stage for alternative means of payment. To say that Russia is finished and now broken is just ignorant or flat out stupidity The Russians are a proud and resilient people who have defeated the likes of Napoleon and Hitler and will not surrender easily on becoming another American vassal state without causing significant damage to the house of card economies in the West.
Russia has the means to unleash" black swan" events that could topple the house.
It could be anything from ceasing payment on the next traunch of their debt come due in early 2015 which could cause havoc in the already undercapitalized EU banking system.
Another much larger swan that could be set in motion if Russia becomes thoroughly angry is simply call the European Governments and say "We no longer sell natural gas or any other forms of energy to members of NATO--not even a puppet state such as Germany are going to let people freeze to death. That could very well spell the end of NATO and that would be the end of cover for American power.
Or my personal favorite...Just except payment for their energy in anything.
So you see it only appears as though the west holds all the cards but in fact what could be taking place is a desperate attempt to hold up their own house of cards through sanctions, illegal coups, fraudulent paper markets and the destabilization of sovereign nations all for the dream of world hegemony,and mask a failing real economy.
No disrespect to anyone here but do you people choose not to see? Why is the comprehension of a corrupt two party one in the same political system not visible to anyone with half a brain. Same master different puppets. Make no mistake, the sudden interest in Cuba has nothing to do with freedom and hypocrisy err I mean democracy. Connect the dots. The US and Israel are most evil empires on the planet, bar none.
What for some strange reason America has difficulty with wrapping it's head around is our two party system has been bought and now owned by the same criminals. But they will.
Everything that comes out of this fools mouth is a lie. All of these criminals should be on trial from financial fraud to international war crimes but yet the American sheeple keep lapping it up.
I don't play in rigged casino. I deal in tangible assets where the invisible hand has a lot less of a grip. How about you? Oh, and I don't vote.
If your short these and I'll call it a market--Your crazy and I said that months ago. There is no such thing as "Free Markets" and hasn't been in years. But make no mistake there will be without a doubt, a day of reckoning. So enjoy.
WARNING--Again, only for those that can handle the truth.
Thanks again to PCR-- a true American, gentleman and patriot.
That has the fraudulent markets jumping for joy.
No rate hike----No kidding and why ? It would implode what's left of the economy
So what else-- The collapse of the Russian economy(which I think the Russian economy will emerge stronger once they break free of the dollar--short term pain longer term gain) would have little effect on the US economy---if you believe that your crazier than the old lady.
I'll go you one better not only will they never raise rates(in any meaningful manner) there will be an increase in worthless paper creation
Truth is; They don't know what to do but keep printing, welcome to Japan
Very true. But something tells me--not this time. Me thinks Putin and the BRIC nations have had enough. China knows all to well their next. Me thinks Putin and the boys have a card or two left. Stay tuned
Might want to pay close attention to what is about to happen in it's own backyard. All our house of cards needs to tumble is a good fart.