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Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A
Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at RT.com in Moscow asked me to write a Q and A article on what these developments mean, […]
Turkey Joins Russia’s Ruble-Based Alternative To SWIFT After repeated warnings over the past couple of years, Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments, with Turkey signing on to Russia’s alternative to SWIFT, the international telecommunications protocol used by banks and central banks the world over. […]
The Dying Days Of An Empire
The Dying Days Of An Empire Something’s been nagging me for the past few days, and I’m not sure I’ve figured out why yet. It started when Donald Trump first called off the alleged planned strikes on targets in Iran because they would have cost 150 lives, and then the next day said the US […]
Maduro Visits Putin, Proposes Global Oil Trade In Rubles, Yuan
Maduro Visits Putin, Proposes Global Oil Trade In Rubles, Yuan Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and that those who wished to […]
Glistening Gold & The Rumble In The Ruble – America’s “Tribute Scam” Is Unraveling Fast
Glistening Gold & The Rumble In The Ruble – America’s “Tribute Scam” Is Unraveling Fast Before we discuss The Empire of Chaos ongoing attacks on “The Assassin Putin” and The Master of the Universe attempts to topple any challenge to Washington’s global hegemony, we thought the following chart may give some much needed context for […]
Bank Of Russia Calls “Emergency” Meeting To Address Ruble Rout
Bank Of Russia Calls “Emergency” Meeting To Address Ruble Rout Earlier today, we highlighted a dramatic plunge in the Russian ruble which has crashed to record lows against the dollar after staging its steepest two-day decline in nine months. The sharp (and seemingly inexorable) decline in crude prices combined with Western economic sanctions and geopolitical turmoil have […]
Ruble Plunges 26% in 90 days, 6% in Two Days, Hits New Low, Government Says to Heck with it
Ruble Plunges 26% in 90 days, 6% in Two Days, Hits New Low, Government Says to Heck with it Where’s the shock and awe? The ruble plunged 3.8% on Wednesday and another 2.8 on Thursday to a new all-time low of 83.85 to the dollar, at 5:30 PM Moscow time, blowing through the previous catastrophic […]
Russia Abandons PetroDollar By Opening Reserve Fund
Russia Abandons PetroDollar By Opening Reserve Fund 2015 has not been good to Russia; the spread between Brent and WTI is gone in anticipation of US exports and both benchmarks have flirted with sub $45 prices. A hostage to such prices, the ruble has yet to begin its turnaround and the state’s finances are in […]
Peculiarities of Russian National Character
Peculiarities of Russian National Character Recent events, such as the overthrow of the government in Ukraine, the secession of Crimea and its decision to join the Russian Federation, the subsequent military campaign against civilians in Eastern Ukraine, western sanctions against Russia, and, most recently, the attack on the ruble, have caused a certain phase transition […]
Russian Default Risk Surges To New 6-Year Highs As Ruble Rubble Returns
Russian Default Risk Surges To New 6-Year Highs As Ruble Rubble Returns Just when you thought it was all over… Having bounced post-CBR intervention and somewhat stabilized, the re-collapse in crude oil prices and continued weakness in Russian macro data provided just the impetus for a re-plunge in the Ruble (back above 63.5/USD) and surge in Russian bond yields […]
Low Oil Prices And Money Worries For 2015
Low Oil Prices And Money Worries For 2015. In response to the Ruble’s recent fall (over 50% against the U.S. Dollar), Swiss banks have begun taking extreme and extraordinary measures in what appear to be early signs of a currency war. There is now a negative interest rate of 0.25% on deposits made in Swiss Francs. […]
Slumping Russian ruble threatens German economy – top exec — RT News
Slumping Russian ruble threatens German economy – top exec — RT News. German companies doing business with Russia are suffering from the weak ruble, as one in three companies will have to fire employees or cancel its projects, the managing director of the Association of German Chambers of Industry and Commerce warned. “The crisis of […]
China proposes broadening use of Yuan for trade with Russia: report | Reuters
China proposes broadening use of Yuan for trade with Russia: report | Reuters. (Reuters) – China’s trade minister proposed more use of China’s currency in settling trade with Russia in the face of a falling rouble to ensure safe and reliable trade, Hong Kong broadcaster Phoenix TV reported on Saturday. The rouble has fallen about 45 percent […]
Rouble collapse will be felt globally – Al Jazeera Blogs
Rouble collapse will be felt globally – Al Jazeera Blogs. The Central Bank, trying as it was to catch a falling knife, had very little choice but to ramp up interest rates on Tuesday. It’s attempt to stop the Rouble’s rapid descent, however, failed miserably. The currency has lost more than 50 percent of its […]
