Gold Club Asia Forums

Go Back   Gold Club Asia Forums > Gold Club Asia > Precious Metals - Gold & Silver

Reply
 
Thread Tools Display Modes
  #1  
Old 16-12-2014, 11:02 PM
sunburn's Avatar
sunburn sunburn is offline
Senior Member
 
Join Date: Dec 2010
Location: In the matrix
Posts: 380
Default Russia Lights Financial Nuclear Bomb!

ALERT: Russia Lights Financial Nuclear Bomb!

As expected, Putin has come back swinging from all the sanctions and market manipulation in the oil price deciding to surprise the world with an interest rate hike to 17% from the Russian Central Bank.

After gaining 10% on the initial news the market riggers threw everything they had at the Ruble and it is now falling through the floor. The Russian stock market is down 15% as we speak and there is massive turmoil.

The big question now is WHY and WHAT'S NEXT?!

The WHY question is fairly easy...Putin has just thrown a monkey wrench into the very delicate FX system that is now crashing the Global Monetary System. All the derivatives based off the Russian Ruble are in chaos and reeling from the MASSIVE Black Swan move in rates. Many FX exchanges have already shutdown US Dollar/Ruble trading...

The USD/RUB Pair Will Be Discontinued Due to Recent Instability of the Russian Ruble
http://www.zerohedge.com/news/2014-1...-russian-ruble

This is turning into a HUGE problem for anyone with derivative positions in the Russian Ruble. As usual the ramifications of this may not be seen today but check back within 30 days as the derivative losses start to mount.

Russia is holding a news conference today...the question is: What will they say about the future of the Ruble? I think it's a bit too early to announce some sort of gold backing of the Ruble but this definitely lays the groundwork for Putin's next move.

More FX instability = More need for a Gold Standard

Let the chaos continue!!

May the Road you choose be the Right Road

Bix Weir
__________________
Video proof is better then arguing. Record any unwanted incidents for your protection.
[GET]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Last edited by sunburn; 16-12-2014 at 11:04 PM. Reason: text edit
Reply With Quote
  #2  
Old 16-12-2014, 11:08 PM
sunburn's Avatar
sunburn sunburn is offline
Senior Member
 
Join Date: Dec 2010
Location: In the matrix
Posts: 380
Default FxPro Halt Trading Session on USD/RUB & EUR/RUB

__________________
Video proof is better then arguing. Record any unwanted incidents for your protection.
[GET]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #3  
Old 16-12-2014, 11:14 PM
sunburn's Avatar
sunburn sunburn is offline
Senior Member
 
Join Date: Dec 2010
Location: In the matrix
Posts: 380
Default Russian Ruble Collapse - Higher Interest Rates Not Helping

__________________
Video proof is better then arguing. Record any unwanted incidents for your protection.
[GET]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #4  
Old 16-12-2014, 11:16 PM
sunburn's Avatar
sunburn sunburn is offline
Senior Member
 
Join Date: Dec 2010
Location: In the matrix
Posts: 380
Default Gold & Silver Hammered as Russia Stuns, Hikes Rates to 17%!

Related News:

Harvey Organ: Gold & Silver Hammered as Russia Stuns, Hikes Rates to 17%!

Whopper: Russia Central Bank Raises Key Interest Rate to 17% From 10.5% After Ruble Hits Another Record Low – @DowJones
__________________
Video proof is better then arguing. Record any unwanted incidents for your protection.
[GET]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #5  
Old 17-12-2014, 05:58 AM
sunburn's Avatar
sunburn sunburn is offline
Senior Member
 
Join Date: Dec 2010
Location: In the matrix
Posts: 380
Default Russian Bank Manager: 'This Is The End Of The Banking System'

"Raising rates up to 17% — that's the end of the banking system," an "emotional" senior manager of a mid-size bank told Vedomosti on Tuesday.

Vedomosti is a Russian-language business publication that is a joint venture between Dow Jones, the Financial Times, and the publishing house Sanoma Independent Media.

The banker "gives an example: today, one of the major banks told one of the largest energy companies, that the bank wants to raise credit rates up to 19%," Vedomosti reports.

The banker added that the economy could not function at these rates, and for the real sector (aka the non-finance, non-stock exchange sector) this is death, according to Vedomosti.

Early Tuesday morning (late Monday ET), the Russian Central Bank raised rates to 17% from 10.5%. The bank's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks.

Read more
__________________
Video proof is better then arguing. Record any unwanted incidents for your protection.
[GET]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #6  
Old 17-12-2014, 09:22 AM
Roborovskii Roborovskii is offline
Senior Member
 
Join Date: Nov 2008
Posts: 845
Default

There appears to be panic buying of cars and electronics (particularly apple products) in Russia, due to expectations of continued rising prices. Feels like a start of hyperinflation.
__________________
Gold | Silver | Ripple
roboBXRfY3junBEM35Uo7ghDEUQYbuuYY

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #7  
Old 17-12-2014, 01:45 PM
sunburn's Avatar
sunburn sunburn is offline
Senior Member
 
Join Date: Dec 2010
Location: In the matrix
Posts: 380
Default Russian collapse will just be a first domino in a worldwide conflagration

The American MSM is cackling at the collapse of the Russian ruble and the Russian stock market. They seem to think Russia’s loss is an American win. They are too myopic to realize a Russian collapse will just be a first domino in a worldwide conflagration.

...The sheep are busy preparing for Christmas while tweeting, texting and facebooking to their heart’s content. They have no idea they are being led closer to the slaughterhouse.

Quote:
Lots of old market hands are talking about how its similar to the Russia default and crash of ‘98 all over again.. Actually.. its worse.

Much worse.
- Tyler Durden, ZeroHedge
Read more
__________________
Video proof is better then arguing. Record any unwanted incidents for your protection.
[GET]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #8  
Old 17-12-2014, 01:48 PM
Roborovskii Roborovskii is offline
Senior Member
 
Join Date: Nov 2008
Posts: 845
Default

The morons are trying to trigger WWIII
__________________
Gold | Silver | Ripple
roboBXRfY3junBEM35Uo7ghDEUQYbuuYY

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #9  
Old 17-12-2014, 03:29 PM
sunburn's Avatar
sunburn sunburn is offline
Senior Member
 
Join Date: Dec 2010
Location: In the matrix
Posts: 380
Default

Quote:
Originally Posted by Roborovskii View Post
The morons are trying to trigger WWIII
Couldn't agree with you more. They're hellbent on starting one that's for sure!
__________________
Video proof is better then arguing. Record any unwanted incidents for your protection.
[GET]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #10  
Old 17-12-2014, 03:32 PM
moyyewhon moyyewhon is offline
Senior Member
 
Join Date: Dec 2011
Posts: 1,436
Default

I thought russia's been buying tons of gold.

just announce that rouble will be back by gold...

see what happens

edit : ah... sunburn already mentioned this on the first post
__________________
bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +8. The time now is 11:13 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.