Russian Economy General News: #2

It is almost certain that United States are way below or in other words that something fishy going on with their deposits.
I also expect that China's vault and probably Russia's are grossly understated.

Chinas gold reserves is many times lower then what they declare.  They are buying far more gold then they are telling the world.

Interesting. I wonder why that is?

There are estimates, that China have between 6000 and 8000 tons of gold, but officially their number didn't change for years, same as US number, although there is a big possibility, that US have 0 tons of gold. China keep this numbers in secret and will most probably reveal it, when their Juan will become world's reserve currency to create gold backing. China could get such large quantity of gold only from US stocks and revealing Chinese stocks will mean US stocks are empty.

medo wrote:There are estimates, that China have between 6000 and 8000 tons of gold, but officially their number didn't change for years, same as US number, although there is a big possibility, that US have 0 tons of gold. China keep this numbers in secret and will most probably reveal it, when their Juan will become world's reserve currency to create gold backing. China could get such large quantity of gold only from US stocks and revealing Chinese stocks will mean US stocks are empty.

US gold means FED gold and the gold of FED has increased like it was reported under Jzen zhuk the Jew the gold was transfared to NY FED Reserve Bank worth of 20 bln USD. They also stole several hundred tones GOLD from Germany. They do it with quite a big number of countries they officially call "Partners or Allies."

Werewolf wrote:

medo wrote:There are estimates, that China have between 6000 and 8000 tons of gold, but officially their number didn't change for years, same as US number, although there is a big possibility, that US have 0 tons of gold. China keep this numbers in secret and will most probably reveal it, when their Juan will become world's reserve currency to create gold backing. China could get such large quantity of gold only from US stocks and revealing Chinese stocks will mean US stocks are empty.

US gold means FED gold and the gold of FED has increased like it was reported under Jzen zhuk the Jew the gold was transfared to NY FED Reserve Bank worth of 20 bln USD. They also stole several hundred tones GOLD from Germany. They do it with quite a big number of countries they officially call "Partners or Allies."

Germans must be really stupid then if they are not protesting or demanding Merkel to either get the gold back regardless or cut ties.

Germany = US, that is the root of their problems. That being said, Germany has been trying to get their gold for many years now. Of course none of the attempts were successful.

sepheronx wrote:

Werewolf wrote:

medo wrote:There are estimates, that China have between 6000 and 8000 tons of gold, but officially their number didn't change for years, same as US number, although there is a big possibility, that US have 0 tons of gold. China keep this numbers in secret and will most probably reveal it, when their Juan will become world's reserve currency to create gold backing. China could get such large quantity of gold only from US stocks and revealing Chinese stocks will mean US stocks are empty.

US gold means FED gold and the gold of FED has increased like it was reported under Jzen zhuk the Jew the gold was transfared to NY FED Reserve Bank worth of 20 bln USD. They also stole several hundred tones GOLD from Germany. They do it with quite a big number of countries they officially call "Partners or Allies."

Germans must be really stupid then if they are not protesting or demanding Merkel to either get the gold back regardless or cut ties.

Germany is the 51st US state. I told so a month ago, this country even tho suffered and still suffers from US policy which is forced upon us, the people here are indoctrinated believing this merkel c*nt is doing a good job. This country has absolutley no opposition except this so called "oppossition" that has the same role as democrats and republicans have in US, big show but all are the same and working for US, because germany is still occupied and we have still the laws forced upon us since 8 may 1945.

For instance Germany has no public officials, they are forbidden by law. In 1990 a law in our "constitution" was ereased which is by international law a must have a law that defines the territory of a country and this law also sets in which territories the constitution is present. This law was ereased GG §23 now this law says Germany has the special role to do everything possible to establish the EU, no law existent which defines german boarders anymore which is a must by international law.

Germany does not even exist by our own laws, but that is very unknown.

sepheronx wrote:Interesting. I wonder why that is?

They are in process of making Yuan convertable and perhaps promote as Reserve Currency , Gold Reserve will play a big role in Chinas economy when that happens and when the current US/Europe Economy collapses.

Austin wrote:

sepheronx wrote:Interesting. I wonder why that is?

They are in process of making Yuan convertable and perhaps promote as Reserve Currency , Gold Reserve will play a big role in Chinas economy when that happens and when the current US/Europe Economy collapses.

Very interesting, thanks for the heads up. I wonder if they will try to push the Yuan as the trade currency in BRICS and back it by its gold reserves? Or maybe they will all make a choice to build up gold reserves and each of their currencies are tied to gold or other products? This could make it a good structure for all BRICS nations as each one has something the other wants. Russia with its mass resources and energy, China with its industrial strength, India with its intellectual base as well as diverse market and South Africa that is rich in Platinum.

sepheronx wrote:

Austin wrote:

sepheronx wrote:Interesting. I wonder why that is?

They are in process of making Yuan convertable and perhaps promote as Reserve Currency , Gold Reserve will play a big role in Chinas economy when that happens and when the current US/Europe Economy collapses.

Very interesting, thanks for the heads up.  I wonder if they will try to push the Yuan as the trade currency in BRICS and back it by its gold reserves?  Or maybe they will all make a choice to build up gold reserves and each of their currencies are tied to gold or other products?  This could make it a good structure for all BRICS nations as each one has something the other wants.  Russia with its mass resources and energy, China with its industrial strength, India with its intellectual base as well as diverse market and South Africa that is rich in Platinum.

BRICS is going to take over the world!!! Ok, not really, but you get my point. Each country involved has a lot of worth, as sepheronx said; China has the workforce, industrial strength, and large mineral reserves (iron ore, copper, zinc, gold), India has workforce and resources (iron ore), Brasil has (once again) workforce, large agricultural business, and even more mineral reserves than China (iron ore, bauxite, gold etc.), South Africa a TON of platinum and gold (most "rich" mineral country in the world), Russia has a ton of oil and gas, large mineral reserves, workforce, and a large arms industry. Even excluding possible members, BRICS has a ton to win by "bringing the countries together" (cooperating in trade etc). - If Iran joins, BRICS would be completely oil and gas independent! Now, if they could just find a way to real in Venezuela... I know that Indonesia has expressed interest, and they have large gold reserves... The list goes on and on!

BRICS will take over the world in such degree that around 2100 not a single country outside of BRICS will considered advanced.

This is an interesting report that I will post here even if it is only indirectly on topic. Read carefully and pay attention.



Europe's Malaise: The New Normal?
Geopolitical Weekly
Tuesday, August 19, 2014 - 03:00 Print Text Size
Stratfor

By George Friedman

Russia and Ukraine continue to confront each other along their border. Iraq has splintered, leading to unabated internal warfare. And the situation in Gaza remains dire. These events should be enough to constitute the sum total of our global crises, but they're not. On top of everything, the German economy contracted by 0.2 percent last quarter. Though many will dismiss this contraction outright, the fact that the world's fourth-largest economy (and Europe's largest) has shrunk, even by this small amount, is a matter of global significance.

Europe has been mired in an economic crisis for half a decade now. Germany is the economic engine of Europe, and it is expected that it will at some point pull Europe out of its crisis. There have been constant predictions that Europe may finally be turning an economic corner, but if Germany's economy is contracting (Berlin claims it will rebound this year), it is difficult to believe that any corner is being turned. It is becoming increasingly reasonable to believe that rather than an interlude in European prosperity, what we now see is actually the new normal. The key point is not that Germany's economy has contracted by a trivial amount. The point is that it has come time to raise the possibility that it could be a very long time before Europe returns to its pre-2008 prosperity and to consider what this means.
Faltering Europe

The German economy contracted despite indications that there would be zero economic growth. But the rest of Europe is faltering, too. France had zero growth. Italy declined by 0.2 percent. The only large European economy that grew was the United Kingdom, the country most skeptical of the value of EU membership. Excluding Ireland, which grew at a now-robust rate of 2.5 percent, no EU economy grew more than 1 percent. Together, the European Union scarcely grew at all.

Obviously, growth rate is not the full measure of an economy, and statistics don't always paint the full picture. Growth doesn't measure social reality, and therefore it is important to look at unemployment. And though Europe is fairly stagnant, the unemployment situation is truly disturbing. Spain and Greece both have around 25 percent unemployment, the level the United States reached during the Great Depression. While that's stunning, 15 of the 28 EU members have unemployment rates of more than 10 percent; most have maintained that high rate now for several years. More alarming, these rates are not falling.

Half of all EU residents live in four countries: Germany, France, the United Kingdom and Italy. The average growth rate for these countries is about 1.25 percent. Excluding the United Kingdom, their economies contracted by 0.1 percent. The unemployment rate in the four countries averages 8.5 percent. But if we drop the United Kingdom, the average is 9.2 percent. Removing Britain from the equation is not arbitrary: It is the only one of the four that is not part of the eurozone, and it is the country most likely to drop out of the European Union. The others aren't going anywhere. Perhaps the United Kingdom isn't either, but that remains to be seen. Germany, France and Italy, by population if nothing else, are the core of the European Union. They are not growing, and unemployment is high. Therefore, Europe as a whole is not growing at all, and unemployment is high.

Five to six years after the global financial crisis, persistent and widespread numbers like this can no longer be considered cyclical, particularly because Germany is running out of gas. It is interesting to consider how Germany has arrived at this point. Exports continue to grow, including exports to the rest of Europe. (That is one reason it has been so difficult for the rest of Europe to recover: Having lost the ability to control access to their markets, other European countries are unable to compete with German exports. It may be free trade, it may even be fair trade, but it is also a trade pattern that fixes failure in place.) Employment remains strong. The German financial system is viable. Yet consumer and corporate confidence is declining. As we look at the situation Germany is facing, confidence should be decreasing. And that in turn becomes a self-fulfilling prophecy: German employment has been supported by exports, but there is a limited appetite for Germany's exports amid Europe's long-term weakness and a world doing better but still not well enough to float the German economy.

One of the things that should concern Germans is the banking system. It has been the obsession of the European financial elite, at the cost of massive unemployment, and there is the belief, validated by stress tests, that the financial system is sound. For me, there has been an ongoing mystery about Europe: How could it have such high unemployment rates and not suffer a consumer debt crisis? The climbing rate of unemployment should be hitting banks with defaulted mortgages and unpaid credit card debt. Given the fragility of the European financial system in the past, it seems reasonable that there would be heavy pressure caused by consumer debt.

The known nonperforming debt situation is sufficiently concerning. Four countries have nonperforming loan rates surpassing 20 percent. Six have rates between 10 and 20 percent, including Italy's, which stands at 15.1 percent. The overall EU rate is 7.3 percent. Obviously, the situation in Italy is the most dangerous, but there is the question of whether these numbers capture the entire problem. Spain, with 24 percent unemployment, is reporting only an 8.2 percent nonperforming loan rate. Portugal, with lower unemployment rates, has an 11 percent nonperforming loan rate. France (with more than 10 percent unemployment) is reporting only a 4.3 percent nonperforming loan rate. The devil is in the details, and there may be an explanation for these anomalies. But the definition for a nonperforming loan has been flexible in Europe and other places before, and the simple question remains: How can such long-term high unemployment rates not produce significant problems in consumer debt?

It is simply unclear how Europe untangles this Gordian knot. Considering the length of Europe's economic malaise, a strong argument would be required to say this is a passing phase. Given Europe's unemployment, Germany's need to export to the rest of Europe, and persistent weak growth rates now spreading to Germany, it is simply not obvious what force will reverse this process. Inertia is pointing to a continuation of the current pattern. It is hard to see anything that will help Europe recover its vibrancy.
A Political Question

The question that follows is political. If the economic premise of the European Union -- prosperity -- is cast into doubt, then what holds Europe together? This is particularly relevant as the fault line between Russia and the European Peninsula comes alive and as Europe is measuredly asserting itself in Ukraine. Poland's and Romania's interest in Ukraine is clear. Spain's interest is less obvious. The idea of pursuing common goals to preserve EU prosperity doesn't work when the bloc is economically crippled and when signs of divergence are already evident. These include British threats to withdraw from the European Union and the loss of common interests that united the countries when prosperous.

One of the most important signs of divergence is the emergence of anti-establishment and Euroskeptical parties, which did remarkably well in recent European Parliament elections. This political shift has been dismissed by many as merely the result of a protest vote rather than a harbinger of the future. In my view, protest votes of this breadth and magnitude are significant in and of themselves. They remind us that the most dangerous source of social unrest is not the young and unemployed but rather middle-aged men and women who have suffered unemployment and lost their investments. They live in a world of shattered hopes, convinced that others engineered their misfortune. The young throw rocks and then go home. The middle-aged and middle class, having lost their dreams with no hope of recovery, are at the heart of fascism and are the real threat posed by the new European reality.

Russia is important, and so is radical Islam. But the fate of Europe is a vital force that will shape the world. Russian power grows as Europe fragments. Europe has its own internal confrontation with Islam. With long-term sclerosis of the economy and persistent unemployment, how do the Europeans deal with the immigrants among them? How does the Continent accept open borders? The implications are profound, and it is time to consider that a Europe without growth, with high unemployment and with no way out might be the reality for a much longer time than anyone expected.

Read more: Europe's Malaise: The New Normal? | Stratfor
Follow us: @stratfor on Twitter | Stratfor on Facebook

In depth interview with Rusnano head Chubias: http://itar-tass.com/opinions/interviews/2242

Apparently they already found a replacement in China for the American company not willing to sell tech to make MRAM. So it appears thr project is going ahead. As well, turns out the development of Baikal processor is very important to them and they are shelling a lot of money out for it.

WTF!!!!

 
​Polish MEP urges Europe to stop Russian ruble trading
To make sanctions against Russia efficient, a Polish MEP said they need to be “preventive, prophylactic sanctions,” rather than reactive. Ryszard Czarnecki represents one of the countries hardest hit in the “sanctions war” between Russia and the West.

"The Russian ruble should stop being a convertible currency, the ruble should be excluded from international financial turnover," RIA quotes Czarnecki speaking at Poland's parliament. .....
http://rt.com/business/181800-eu-deputychairman-sanctions-russia/

So if Poland wants more sanctions on it from Russia they can have it. Not like Poland having Russia as its one of the biggest export countries and trade partners.

Polish russophobic raised nation is so eagerly stupid just to piss off russia they are willingly shooting in their own feet.

AlfaT8 wrote:WTF!!!!

 
​Polish MEP urges Europe to stop Russian ruble trading
To make sanctions against Russia efficient, a Polish MEP said they need to be “preventive, prophylactic sanctions,” rather than reactive. Ryszard Czarnecki represents one of the countries hardest hit in the “sanctions war” between Russia and the West.

"The Russian ruble should stop being a convertible currency, the ruble should be excluded from international financial turnover," RIA quotes Czarnecki speaking at Poland's parliament. .....
http://rt.com/business/181800-eu-deputychairman-sanctions-russia/

Not very scary as Poland is an insignificant country and is reliant on Russian energy. If lets say that Russia agrees to only sell in Rubles/Euros for its energy, then Polamd might just end up freezing in the end. Poland has so little weight, that this will either be ignored or Poland forced to change its stance. If in the unlikely case it does happen, then Russia has the right to band what they want to EU/Poland amd sieze whatever their assets are in the country, and that can make EU fold.

http://en.itar-tass.com/economy/746086

Janes:Expanded EU and US sanctions will push Russia into recession and raise retaliation risk against Western firms

Meh, dont see how that is accurate since Russia grew 0.8% since sanctions started (http://www.forbes.com/fdc/welcome_mjx_mobile.html ) and this: http://www.zerohedge.com/news/2014-08-21/european-russian-stocks-surge-despite-tumbling-bund-yields

But if they try to continue this, Russia cant help but retaliate. West seems to be cutting off their nose to spite the face.

Ebay though is gonna expand in Russia. Businesses I think are starting to give up on politics.

Werewolf wrote:So if Poland wants more sanctions on it from Russia they can have it. Not like Poland having Russia as its one of the biggest export countries and trade partners.

Polish russophobic raised nation is so eagerly stupid just to piss off russia they are willingly shooting in their own feet.

sepheronx wrote:

AlfaT8 wrote:WTF!!!!

 
​Polish MEP urges Europe to stop Russian ruble trading
To make sanctions against Russia efficient, a Polish MEP said they need to be “preventive, prophylactic sanctions,” rather than reactive. Ryszard Czarnecki represents one of the countries hardest hit in the “sanctions war” between Russia and the West.

"The Russian ruble should stop being a convertible currency, the ruble should be excluded from international financial turnover," RIA quotes Czarnecki speaking at Poland's parliament. .....
http://rt.com/business/181800-eu-deputychairman-sanctions-russia/

Not very scary as Poland is an insignificant country and is reliant on Russian energy. If lets say that Russia agrees to only sell in Rubles/Euros for its energy, then Polamd might just end up freezing in the end. Poland has so little weight, that this will either be ignored or Poland forced to change its stance. If in the unlikely case it does happen, then Russia has the right to band what they want to EU/Poland amd sieze whatever their assets are in the country, and that can make EU fold.

http://en.itar-tass.com/economy/746086

Let's remember guys what Radioslaw Sikorsky said about Poland's political/military affiliation with U.S./NATO...that it's comparable to giving a blowjob, various sexual favors from prostitution.

wow wow ... nice   

Rosneft signed an agreement to acquire the shares of Norwegian NADL


and NICE   

German authorities approved the deal with Russian investors RWE

Viktor wrote:wow wow ... nice   

Rosneft signed an agreement to acquire the shares of Norwegian NADL


and NICE   

German authorities approved the deal with Russian investors RWE

When did the sanctions get lifted??   

AlfaT8 wrote:

Viktor wrote:wow wow ... nice   

Rosneft signed an agreement to acquire the shares of Norwegian NADL


and NICE   

German authorities approved the deal with Russian investors RWE

When did the sanctions get lifted??   

Same thing here... This doesn't seem like something that would be unaffected by sanctions.

Have you lost it? Once you buy them you own them..  

True, my bad...