And Buys 900,000 Ounces Of Gold Worth $1.17 Billion In April.
http://www.ft.com/cms/s/0/4a2f3a32-db90-11e3-a460-00144feabdc0.html#axzz32NRZzJMY
&
http://www.goldcore.com/goldcore_blog/Russia_Buys_900_000_Ounces_Of_Gol…
Is the Keynesian-Inflationary-Ponzi scheme era coming to an end?
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o and JPMorgan Ex-CEO for China Investment Bank just got Arrested:
http://www.bloomberg.com/news/2014-05-21/jpmorgan-ex-ceo-for-china-inve…
This is almost exactly the same story line as that Jack Ryan movie.
Call the Counterfeiter in Chief, Madam Chairwoman Yellen, and tell her to crank up the printing presses!
I don't see a massive issue, yet, but this is bound to happen more. We stick our nose into all kinds of shit and we don't realize that we aren't as powerful anymore. Economically speaking anyway.
Is the ''holy grail'' gas deal between Russia/China based on their respective currencies or on the zombie USD?
Well, Russia's second largest financial institution (VTB) and China just announced today that they would bypass the use of the US dollar as a reserve currency and pay each other in their respective currencies from now on. So I'm assuming that the reputed $450B+ gas deal would be based on their own currencies.
source: http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.h…
This guy sums up why you shouldn't give a flying fuck about Russia selling treasuries, unless you are long Russia; http://seekingalpha.com/article/2088183-the-nuclear-option-russias-thre…
Gas deal has been in negotiations for over a decade and the pricing has not been released, this to me says that one side took a concession and given recent economic pressure I'd be willing to bet that's Gazprom. Even so, the LT pricing of nat gas in Asia is headed downward as more majors build out infrastructure. Still US surely doesn't like improved Sino-Soviet relations.
yawn
what's really going to move rates is when the Fed acts, and not on the taper, but when they actually stop purchasing, start offloading, and move the fed funds rate higher. this is more of a PR move than anything else, and in my opinion, rates should come up a bit, doesn't make any sense that the Fed has almost cut its monthly purchases in half and the 10y is still below 2.6
Well, Ben ''subprime is contained'' Bernanke recently stated the following: "No Rate Normalization During My Lifetime".
Source: http://www.reuters.com/article/2014/05/16/us-usa-fed-bernanke-insight-i…
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