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The status of the dollar as world reserve currency gives the U.S. a number of advantages over other countries. The most important global commodities traded in dollars, although much of this material is not made in the USA. The fact that the global financial system based on the dollar, the Fed allows exporting inflation to other countries, and the government can easily operate under huge deficits. So far, only China has [...] Russia has sent advanced antiship cruise missiles to Syria, a move that illustrates the depth of its support for the Syrian government led by President Bashar al-Assad, American officials said Thursday. Russia has previously provided a version of the missiles, called Yakhonts, to Syria. But those delivered recently are outfitted with an advanced radar that makes them more effective, according to American officials who are familiar with classified intelligence reports and would only [...] Prime Minister Benjamin Netanyahu reportedly warned Russian President Vladimir Putin on Tuesday that Moscow’s sale of a sophisticated missile defense system to President Bashar Assad could push the Middle East into war. Netanyahu, who flew to meet Putin for emergency talks in the Black Sea resort of Sochi, told the Russian president that the S-300 had no relevance to Assad’s civil-war battles against rebel groups, and urged Moscow not to deliver [...] “A week before the recent BRICS summit in Durban, the Kremlin administration has silently produced a document which describes the Russian strategy in the context of BRICS cooperation. The document makes for a fascinating read for anyone brave enough to plow through the dense Russian legalese. The strategy has been designed in the “inner circle” of Vladimir Putin’s team, so it is safe to assume that it represents the official [...] The status of the US dollar as the world reserve currency gives the US a number of advantages over other countries. The world’s most important commodities are priced and traded in dollars, even if most of these commodities are not produced in the US. The fact that the world’s financial system is based on the dollar allows the Federal Reserve to export inflation to other countries, while the Federal Government [...] Israel has warned the U.S. that a Russian deal is imminent to sell advanced ground-to-air missile systems to Syria, weapons that would significantly boost the regime’s ability to stave off intervention in its civil war. U.S. officials said on Wednesday that they are analyzing the information Israel provided about the suspected sale of S-300 missile batteries to Syria, but wouldn’t comment on whether they believed such a transfer was near. Russian officials [...] AFP Tens of thousands of people turned out for a protest in central Moscow on Monday marking one year since a demonstration ahead of Vladimir Putin’s Kremlin inauguration ended in mass arrests, organisers said. “The whole square is full. There are tens of thousands of us,” prominent opposition figure Boris Nemtsov told a huge sea of people crammed into Bolotnaya Square across the Moscow river from the Kremlin. Police however said [...] President Obama is preparing to send lethal weaponry to the Syrian opposition and has taken steps to assert more aggressive U.S. leadership among allies and partners seeking the ouster of President Bashar al-Assad, according to senior administration officials. The officials said they are moving toward the shipment of arms but emphasized that they are still pursuing political negotiation. To that end, the administration has launched an effort to convince Russian President [...] ULAN-UDE, April 11 (RIA Novosti) – Russian President Vladimir Putin promised “100-percent support” for Russian Buddhists on Thursday during a visit to the country’s Buryatia republic, where about 20 percent of the population is Buddhist. Lama Damba Ayusheyev, head of the Buddhist Sangha of Russia, complained to the president that Buddhist universities often do not have state accreditation, and their students are drafted into the army for compulsory military service. Under [...] Vladimir Putin has said a war in Korea could be more devastating than the Chernobyl disaster as Pyongyang was warned against another nuclear test. The Russian President said he was “worried about the escalation on the Korean peninsula, because we are neighbours”. And Mr Putin, who also praised a US decision to postpone a planned missile test as part of efforts to reduce tensions, said he feared a situation worse than that [...] en.rian.ru Russia was not obligated to notify Western countries beforehand of its recent snap military exercises, a top Russian Defense Ministry official said Monday. “The mechanism of checks today is such that we only need to notify Western countries when we hold planned events,” Sergei Ryzhkov, the chief of the ministry’s treaty implementation department, told journalists. “If exercises occur suddenly, we may notify them [other countries] only when the exercises begin,” [...] MOSCOW (AP) — Russian prosecutors and tax police searched the Moscow headquarters of Amnesty International and several other rights groups Monday, continuing a wave of pressure that activists say is part of President Vladimir Putin’s attempt to stifle dissent…. READ MORE @ AP Analyst: Russia Prepping Military To Fight U.S. WASHINGTON – The Russian military doctrine adopted in 2010 after the “reset” with the Obama administration considers the U.S. and the North Atlantic Treaty Organization, or NATO, the main threats Moscow must be prepared to fight, according to Joseph Farah’s G2 Bulletin. This is the assessment of Alexei Arbatov, a former Duma, or parliament, deputy and currently head of the Center for International Security of [...] The new Chinese leader chose Russia as first stop on his maiden overseas voyage. As this visit signals the two powerful neighbors growing ever closer, analysts assess their potential in countering the US-led Western domination of global affairs. Xi Jinping is returning the courtesy bestowed last year, when President Vladimir Putin included Beijing into the first foreign trip of his third presidential term. This exchange of first foreign visits is seen as [...] Moscow and the formation of The New World System by Imad Fawzi Shueibi Imad Fawzi Shueibi examines the reasons and consequences of Russia’s recent position at the Security Council. Moscow’s backing of Syria is not a posture but the result of an in-depth analysis of the shifting global balance of power. The current crisis will crystallize into a new world configuration, which, from the unipolar model inherited after the collapse of the [...] by Jeff Berwick, Dollar Vigilante: News came out yesterday that all Cypriot banks will continue to be closed until at least next Tuesdayand may remain closed permanently. Last week, the European Central Bank threatened to cut the Emergency Liquidity Assistance which Cyprus had been receiving unless Cyprus’ major banks implemented legislation which would “tax” all investors who have accounts in Cypriot banks an amount up to 9.9 percent of their total deposits. The tax [...] London Gold Market Report from Ben Traynor, BullionVault Wednesday 20 March 2013, 08:45 EST
Gold & Silver Trade Lower, Germany “Could Live Without Cyprus in Euro”
GOLD dropped below $1610 an ounce Wednesday, as stocks, commodities and the Euro all regained some ground lost since news of the Cyprus bailout negotiations broke over the weekend.
“We still believe that an interim low was made in February and that the precious metal should reach the January low [...] A quarter of Cyprus bank deposits are Russian, so taxing them is unpopular in Moscow. Russian officials are up in arms over a possible levy on Cyprus bank accounts, which Russian president Vladimir Putin denounced as “unfair, unprofessional and dangerous.” There’s good reason for their concern: Nearly a third of all the money in Cyprus’ outsized banking sector is Russian. http://money.cnn.com/2013/03/19/news/economy/cyprus-russia/index.html?iid=Lead Sinclair – Cyprus Disaster Is Much Bigger Than Being Reported Today legendary trader [...] - “Trust towards Cyprus as a safe place for placing money will be reduced to zero,” he told the Interfax agency Anatoly Axanof, MP and president of the Association of Regional Banks of Russia. (…)Forbes also relies on estimates of the financial press upon which the deposits of individuals from Russia to Cyprus ranging from 8 to 35 billion euros. “The Russians lost in a day up to 3.5 billion euros,” the magazine [...] Foreign banks banned from opening branches in Russia MOSCOW, March 15 – RAPSI. President Vladimir Putin has signed a government-sponsored law banning foreign banks from opening branches in Russia, PRIME reported on Friday, citing a post on the government legal information website. http://rapsinews.com/legislation_news/20130315/266725728.html Lots of bans in Kremlin this week. Pro-Kremlin lawmakers on Tuesday proposed banning members of parliament from travelling abroad to countries such as the United States without permission of the Russian parliament’s speaker. [...] MOSCOW – Vladimir Putin ordered military leaders on Wednesday to make urgent improvements to the armed forces during his new presidential term, saying Russia must thwart attempts by the West to tip the strategic balance of power. “Attempts are being made to tip the strategic balance,” said Putin, who as president is commander-in-chief of the armed forces, told his audience at the General Staff academy on Moscow’s outskirts. The head of [...] financialsense.com / By Gary Dorsch / February 14, 2013 With frigid temperatures expected to hover between 15-degree and 23-degree Fahrenheit this weekend in Moscow, it’s a wonder why the world’s most powerful finance chiefs and central bankers would schedule their Feb 15-16th meeting in Vladimir Putin’s backyard. Instead, a better venue for the Group-of-20 would’ve been the Cayman Islands. The Islands are warm year-round, with average highs holding steady in the 80’s. January [...] “As part of the anti-corruption crusade, President Vladimir Putin has submitted bill to the lower house of Parliament to prohibit Russian state officials, their spouses and underage children from holding foreign bank accounts.” “The ban would apply to all high-ranking officials as well as employees of state funds and corporations, and members of the Central Bank’s board. An exception will be made for civil servants working as official Russian representatives abroad.” http://rt.com/politics/putin-foreign-assets-ban-997/ Obama to use State of the Union to make case against spending cuts, argue for more taxes UPDATE: President Obama will push to reduce the nation’s nuclear arsenal in his State of the Union address, according to a report. http://thehill.com/blogs/defcon-hill/policy-and-strategy/282165-report-obama-to-resume-push-to-reduce-nuclear-arms-stockpile UPDATE: Russia’s Forces Are Ready for War – Army Chief http://www.blacklistednews.com/Russia%E2%80%99s… In his second term as Russian president, Vladimir Putin has made the rebuilding of Russian military forces, including its nuclear striking capabilities, a top priority. Advanced missiles, [...] Russian President Vladimir Putin has been loading up on gold.
As Bloomberg reports, the Russian central bank has amassed 570 metric tons of it in the last 10 years, making it the biggest global gold buyer. Why is Russia’s central bank betting on gold rather than holding its foreign reserves in something with a bit of yield? It’s a hedge against a collapse in the value of one of the global reserve currencies. Read more: http://qz.com/52623/russias-government-has-become-the-worlds-largest-buyer-of-gold-driven-by-fears-of-currency-cataclysm/#ixzz2KbwhKCq7 When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is [...] Goldman Sachs Group Inc. (G) has been hired by the Russian government to burnish the nation’s image overseas and attract more institutional investors. The bank has signed a three-year agreement with the Economy Ministry and the Russian Direct Investment Fund to advise on issues such as communicating government decisions and setting up meetings with investors, according to Sergei Arsenyev, Goldman Sachs’s managing director of investment banking in Moscow. “The pool of investors that Russia talks [...] In his second term as Russian president, Vladimir Putin has made the rebuilding of Russian military forces, including its nuclear striking capabilities, a top priority. Advanced missiles, bombers, and submarines are either on the drawing board or coming into operational service, just as the United States is on the verge of drastic cuts in its armed forces. Of the three legs of Russia’s nuclear triad (air, land, sea forces), attack submarines carrying [...] In his second term as Russian president, Vladimir Putin has made the rebuilding of Russian military forces, including its nuclear striking capabilities, a top priority. Advanced missiles, bombers, and submarines are either on the drawing board or coming into operational service, just as the United States is on the verge of drastic cuts in its armed forces. Of the three legs of Russia’s nuclear triad (air, land, sea forces), attack submarines carrying [...] MOSCOW (AP) — Gerard Depardieu, the French actor who has waged a battle against a proposed super-tax on millionaires in his native country, has been granted Russian citizenship. A brief announcement on the Kremlin website revealed that President Vladimir Putin signed the citizenship grant on Thursday. The former Oscar nominee and star of the movie “Green Card” has been vocal in his opposition to French President Francois Hollande’s plans to raise the [...] A Chechen newspaper has been closed down just hours after its editor-in-chief embarrassed the region’s Kremlin-backed leader while questioning Russian President Vladimir Putin. http://www.independent.co.uk/news/world/europe/chechnya-russia-closes-paper-after-journalists-laugh-at-vladimir-putin-8429544.html |
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