Another Big Win For Putin!!!

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heisenburrr

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You are aware that the US holds around 8x the amount of gold in reserve than Russia, right? The IMF also holds around 2.5x Russia reserves. As the past few months have shown, there is plenty of supply of oil and gas in the world. No one is begging Putin to sell them anything except China.

It's rare to read a more poorly written article.

Don't shoot the messenger

I'm not taking any position. Merely entertaining the scenario.

You are aware that this is not about a gold-pissing contest but a challenge to the petrodollar.
 
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Don't shoot the messenger

I'm not taking any position. Merely entertaining the scenario.

You are aware that this is not about a gold-pissing contest but a challenge to the petrodollar.
Of course its a challenge, but its a poor one. Investing heavily in a monetary relic like gold isn't going to do much when the US dominates gold ownership. Russia doesn't have the power to unseat the US. If anyone does in the coming decades, it will be China. Putin is just playing games out here attempting to feign strength and it wouldn't surprise me if hes skimming off the top of Russia's gold supply for himself.

Putin is getting far too much attention out here. People talk of the US as the declining power, but Russia has been in freefall as a world power for decades. The narrative should be China vs. US.
 

heisenburrr

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Of course its a challenge, but its a poor one. Investing heavily in a monetary relic like gold isn't going to do much when the US dominates gold ownership. Russia doesn't have the power to unseat the US. If anyone does in the coming decades, it will be China. Putin is just playing games out here attempting to feign strength and it wouldn't surprise me if hes skimming off the top of Russia's gold supply for himself.

Putin is getting far too much attention out here. People talk of the US as the declining power, but Russia has been in freefall as a world power for decades. The narrative should be China vs. US.

Again, the goal is not necessarily to stack piles of gold but allow the BRICS to displace the importance of the USD on the international trade level. If this is accomplished then it is game over for the USD and by proxy the USA

Although my bet is the USA will succeed in devaluing their currency themselves before others can do it
 
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Again, the goal is not necessarily to stack piles of gold but allow the BRICS to displace the importance of the USD on the international trade level. If this is accomplished then it is game over for the USA.

Although my bet is the USA will succeed in devaluing their currency themselves before others can do it
Im aware. Im saying Russia doesn't have the economic power to drive that move.

Everyone is devaluing right now. Its a race to the bottom by every major central bank in the world. Please dont conveniently point to American debt expansion. China is following a similar pattern. The total debt-to-GDP ratio is almost identical right now.

At the end of the day, it is all about which economy is trusted most by investors and which assets are most attractive. The case for America losing economic dominance has gotten much weaker recently.
 

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http://www.ibtimes.co.uk/igor-strel...ffiliation-kremlin-censored-interview-1477713

Igor Strelkov admits Russia FSB affiliation in Kremlin-censored interview
  • gianluca-mezzofiore.jpg

    By Gianluca Mezzofiore
    December 2, 2014 16:54 GMT
  • 1 3

igor-strelkov.jpg

Igor Strelkov has admitted he is a FSB colonel in an interview(Reuters)
Former Russian separatist leader Igor 'Strelkov' Girkin has finally admitted in an interview with a state-run news agency that he is a colonel for the FSB security services.

Strelkov, who declared himself minister of defence of the self-proclaimed Donetsk People's Republic, was long rumoured to be a covert agent of Russia's GRU military intelligence in the past. A veteran of both the Soviet and Russian armies, he was charged by Ukraine authorities with terrorism for acts during the current conflict in Eastern Ukraine.

In the interview with Kremlin-funded Rossiya Segodnya agency, which incorporates the former RIA Novosti and Voice of Russia, Strelkov responds to critics who question his experience in planning military operations by saying:

"I really am a FSB colonel, so I have a calm attitude and I do not advise you to call my military rank lower than it is. The title has a higher value for the military than [it has] for civilians."

The agency later redacted the interview, removing the passage mentioning the FSB, but the original version can still be seen on PolitNavigator website. The author Alexander Chalenko explained the changes by saying that the editor wanted to reduce the article's length and keep "the right questions and answers".

Other parts of the interview that were removed by the news agency relate to the recent offensive by pro-Russian rebels backed by Russian special forces on Donetsk airport. Strelkov argued that the attack at the airport "is not only unnecessary, it is also harmful" causing serious losses to his previous unit.

Related
The shadowy commander also recounted how Russian military units fighting in Eastern Ukraine were in disarray, not interacting with each other - but also this bit was lifted by Rossiya Segodnya.

Earlier in November, Strelkov released another interview in which he took responsibility for triggering war in Eastern Ukraine.

"If our unit had not crossed the border, everything would've come to an end, like in Kharkiv [Ukrainian city], like in Odessa," he said, in a translation by the Moscow Times.

"There would have been several dozen killed, burned, detained. And that would have been the end of it. But the flywheel of the war, which is continuing to this day, was spun by our unit. We mixed up all the cards on the table."

Called "one of the most powerful separatist figures in eastern Ukraine," Strelkov is a suspect in the downing of the Malaysian Airlines MH17. He resigned from his post earlier in August.

An IBTimes UK investigation showed that the charismatic Russian separatist leader was involved in the bloody Bosnian war of the early 1990s.

Ukraine and Russian-backed rebels have agreed to a fresh ceasefire in Luhansk, one of the two provinces controlled by separatists.

The Organisation for Security and Cooperation in Europe (OCSE) special monitoring mission in Ukraine published news of the deal, adding that the withdrawal of heavy weapons would start on 6 December.

It is isn't the first time that a ceasefire has been declared in the region. Ukraine and rebel forces signed a deal on 5 September to stop hostilities, but fighting continued.

Nato secretary general Jens Stoltenberg blamed the separatists for their failure to honour the deal. "The government in Ukraine has really made strong efforts to implement the different provisions within the Minsk agreements."

"The problem has been that the separatists and Russia are not respecting the Minsk agreements," he said, according to Interfax-Ukraine news agency.
 

88m3

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Chechnya policemen killed in Gozny gun battle

Group of gunmen kills three policemen in an attack a traffic post in the Chechen capital, Russian officials say.

Last updated: 04 Dec 2014 05:22


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Armed fighters stormed a local media house in Chechnya's capital [@ArmedResearch/Twitter]
At least three police officers have been killed in clashes with fighters who attacked a traffic post in the Chechen capital Grozny and then stormed a building housing local media, Russian officials said.

Russia's RIA Novosti state news agency, quoting a regional law enforcement source, said several police officers were also wounded in Thursday’s attack.

"There are unconfirmed reports that the attacks were carried by Islamist fighters," Al Jazeera's Peter Charp reported from Moscow.

The latest skirmishes in volatile Chechnya will be seen as a major affront to President Vladimir Putin who is set to deliver his annual state of the nation address later in the day.

The National Anti-Terrorist Committee said that a group of assailants attacked a traffic post in Grozny in the early hours of Thursday and then stormed a building housing local media known as the Press House.

The fighters have now been blocked inside the building by members of the police and security services, it said.

Five policemen were killed and a dozen wounded in Grozny in October when they stopped a young suicide bomber from attacking a concert hall where thousands had gathered to mark a local holiday.

That blast, which shattered a period of relative calm in the region, sparked concerns of a new cycle of violence in the North Caucasus where the Kremlin fought two wars with separatists over the past 20 years.

Putin has staked his political career on a promise to crush the bloody insurgency in the Caucasus.

When Putin turned 62 on October 7, more than 100,000 people, decked out in the colours of the Russian flag, marched in Grozny, led by Kremlin-backed regional leader Ramzan Kadyrov who carried a portrait of the Russian president.

Some 1,100 guests including top officials and lawmakers will attend Putin's address to the nation expected to lay out Kremlin's political and economic priorities during a bitter confrontation with the West over Ukraine.

http://www.aljazeera.com/news/europ...illed-gozny-gun-battle-20141244328537236.html
 

88m3

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Why Putin says Crimea is Russia’s ‘Temple Mount’




By Ishaan Tharoor December 4 at 12:04 PM
immediate concerns on his mind. He's coping with an epic economic double whammy: the toll of Western sanctions imposed on Moscow over its power play in Ukraine this year and the precipitous fall of the Russian ruble, hit by a decline in global oil prices.

But, as my colleague Michael Birnbaum writes, that didn't stop Putin from using his annual state-of-the-nation address on Thursday to dredge up "centuries" of resentment and suspicion of the West. The Russian leader inveighed against the "speculators" waging war on his country's currency and decried U.S. meddling in Ukraine ahead of the departure of its pro-Moscow President Viktor Yanukovych in February.

Putin also justified his country's annexation of Ukraine's autonomous Crimean Peninsula as a matter of great historical redemption. The Black Sea region, Putin insisted, was as dear to Russians "as the Temple Mount in Jerusalem" is to Jews and Muslims.

That's a loaded metaphor, not least because tensions over the actual Temple Mount have led to violence and deaths in Jerusalem in recent months.

Crimea is where, in the 10th century, one of the first great Slavic princes is said to have shed his pagan beliefs for the Orthodox Christianity of the Byzantine Empire. This is a moment deeply embedded in Russian nationalism, and Putin spoke of it at length on Thursday. Here is an excerpt from the Kremlin's official English translation:

It was an event of special significance for the country and the people, because Crimea is where our people live, and the peninsula is of strategic importance for Russia as the spiritual source of the development of a multifaceted but solid Russian nation and a centralised Russian state. It was in Crimea, in the ancient city of Chersonesus or Korsun, as ancient Russian chroniclers called it, that Grand Prince Vladimir was baptised before bringing Christianity to Rus.

In addition to ethnic similarity, a common language, common elements of their material culture, a common territory, even though its borders were not marked then, and a nascent common economy and government, Christianity was a powerful spiritual unifying force that helped involve various tribes and tribal unions of the vast Eastern Slavic world in the creation of a Russian nation and Russian state. It was thanks to this spiritual unity that our forefathers for the first time and forevermore saw themselves as a united nation. All of this allows us to say that Crimea, the ancient Korsun or Chersonesus, and Sevastopol have invaluable civilisational and even sacral importance for Russia, like the Temple Mount in Jerusalem for the followers of Islam and Judaism.

And this is hardly the first time Putin has invoked this history. He echoed this language in March, as Russian special forces helped carry out the swift capture of Crimea. "Everything in Crimea speaks of our shared history and pride," said the Russian president at the time. "This is the location of ancient [Khersonesos], where Prince Vladimir was baptized. His spiritual feat of adopting Orthodoxy predetermined the overall basis of the culture, civilization and human values” of all Russians.

The implications of this history lesson, though, are a bit murkier than Putin would have it. According to a poll last year, only a quarter of all Russians had heard of Prince Vladimir's baptism. And the prince's home was Kiev, not Moscow. "This probably only underlines the right of Kiev and not Moscow to Crimea," Andrei Zubov, a Russian historian, told Bloomberg News this week.

The ruins of Khersonesos — the ancient beachhead of Russian Christianity that Putin invokes — are close to the port city of Sevastopol, another site steeped in Russian history and blood, as WorldViews discussed earlier. In May, Putin delivered a speech in Sevastopol marking Russia's victory at the end of World War II. "The example of Sevastopol shows the world that in places where people are ready to fight for their freedom, the enemy will never conquer," he declared.

Putin, though increasingly beset by geopolitical headaches, is never short of nationalist bluster.
http://www.washingtonpost.com/blogs...ays-crimea-is-russias-temple-mount/?tid=sm_fb
 
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:russ:@ this being a war on the ruble. No self-reflection on how the economy he helped mold is unsustainable in a world where commodity prices fall, just passing the blame off to others. Putin sounding quite feminine these days brehs.
 
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