Jump to content

Theme© by Fisana
 

Photo

Vladimir Putin Issues Russian 'CryptoRuble'

cryptocurrency

  • Please log in to reply
23 replies to this topic

#1 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 16 October 2017 - 09:08 AM

putin.jpg


  • 0

#2 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 16 October 2017 - 09:10 AM

Vladimir Putin Issues Russian 'CryptoRuble'
 
 
 
 
October 16, 2017
 
 
 
 
Russian President Vladimir Putin has announced plans to issue Russia's own cryptocurrency, the CryptoRuble, at a closed door meeting in Moscow.  
 
Capping months of speculation about the country's approach to digital currencies, the CryptoRuble indicates Russia's support of the likes of Bitcoin and Ethereum.
 
Cointelegraph.com reports: The news broke through Minister of Communications Nikolay Nikiforov.
 
According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities.
 
The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied.
 
The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale. Nikiforov said:
 
"I confidently declare that we run CryptoRuble for one simple reason: if we do not, then after 2 months our neighbors in the EurAsEC will."
 
Embracing and rejecting
 
While the announcement means that Russia will enter the cryptocurrency world, it is in no way an affirmation or legalization of Bitcoin or any other decentralized cryptocurrency. On the contrary, Putin quite recently called for a complete ban on all cryptocurrencies within Russia.
 
The statement from Putin seemed apparently to contradict the earlier comments from other ministers who seemed pro-crypto, but only with regulations, as well as Putin's recent meetings with Buterin and others. Now, with the issuance of the CryptoRuble, the apparent contradiction has been made clear.
 
█  █  █  █  █  █  █  █  █ 
 
 
 
 
 
 
 
 
 
█  █  █  █  █  █  █  █  █ 
 
 
 
█  █  █  █  █  █  █  █  █ 

  • 0

#3 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 16 October 2017 - 09:33 AM

Fake gold bars in Fort Knox
 
 
 
 
 
GOLD, BULLION, DENSITY, TEST, GOVERNMENT, FAKE, BANKS, TREASURY, FORT, WEIGHT, SHIPMENT, FEDERAL, AUDIT, ROTHSCHILD, FINENESS, FED, PURE, KNOX, FINANCIAL, TROY, GATA, BAR, OUNCES, DELIVERY, MARKET, BANK, DOLLARS, TUNGSTEN, BARS, RESERVE,
 
 
 
It's one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.
 
But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.
 
A recent discovery -- in October of 2009 -- has been suppressed by the main stream media but has been circulating among the "big money" brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox -- the US Treasury gold -- that is the equity of our national wealth. In short, millions (with an "m") of gold bars are fake!
 
Who did this? Apparently our own government.
 
Background
 
In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.
 
Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What's more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!
 
At first many gold experts assumed the fake gold originated in China, the world's best knock-off producers. The Chinese were quick to investigate and issued a statement that implicated the US in the scheme.
 
What the Chinese uncovered:
 
Roughly 15 years ago -- during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] -- between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day.
 
According to the Chinese investigation, the balance of this 1.3 million to 1.5 million 400 oz tungsten cache was also gold plated and then allegedly "sold" into the international market. Apparently, the global market is literally "stuffed full of 400 oz salted bars". Perhaps as much as 600-billion dollars worth.
 
An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan. 04 perhaps makes sense now.
 
DA investigating NYMEX executive
 
Manhattan, New York, --Feb. 2, 2004. A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, was served with a search warrant by the district attorney's office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange's markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney's office also declined comment."
 
The offices of the Senior Vice President of Operations -- NYMEX -- is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence "prove" that the amount of gold in question could not have possibly come from the U.S. mining operations -- because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production.
 
No one knows whatever happened to Stuart Smith. After his offices were raided he took "administrative leave" from the NYMEX and he has never been heard from since. Amazingly, there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau’s office who executed the search warrant.
 
Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave -- all for nothing?
 
The revelations of fake gold bars also explains another highly unusual story that also happened in 2004:
 
LONDON, April 14, 2004 (Reuters) -- NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.
 
Interestingly, GATA's Bill Murphy speculated about this back in 2004;
 
"Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just a guess on my part, but [I] suspect something is amiss. They know a big scandal is coming and they don't want to be a part of it... [The] Rothschild wants out before the proverbial "S" hits the fan." -- BILL MURPHY, LEMETROPOLE, 4-18-2004
 
What is the GATA?
 
The Gold Antitrust Action Committee (GATA) is an organisation which has been nipping at the heels of the US Treasury Federal Reserve for several years now. The basis of GATA's accusations is that these institutions, in coordination with other complicit central banks and the large gold-trading investment banks in the US, have been manipulating the price of gold for decades.
 
What is the GLD?
 
GLD is a short form for Good London Delivery.
 
The London Bullion Market Association (LBMA) has defined "good delivery" as a delivery from an entity which is listed on their delivery list or meets the standards for said list and whose bars have passed testing requirements established by the associatin and updated from time to time. The bars have to be pure for AU in an area of 995.0 to 999.9 per 1000. Weight, Shape, Appearance, Marks and Weight Stamps are regulated as follows:
 
Weight: minimum 350 fine ounces AU; maximum 430 fine ounces AU, gross weight of a bar is expressed in troy ounces, in multiples of 0.025, rounded down to the nearest 0.025 of an troy ounce.
 
Dimensions: the recommended dimensions for a Good Delivery gold bar are: Top Surface: 255 x 81 mm; Bottom Surface: 236 x 57 mm; Thickness: 37 mm.
 
Fineness: the minimum 995.0 parts per thousand fine gold.
 
Marks: Serial number; Assay stamp of refiner; Fineness (to four significant figures); Year of manufacture (expressed in four digits).
 
After reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool / catch-all, slush-fund and a likely destination for many of these fake tungsten bars where they would never see the light of day -- hidden behind the following legalese "shield" from the law:
 
[Excerpt from the GLD prospectus on page 11]
 
"Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA’s standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss."
 
The Federal Reserve knows but is apparently part of the scheme
 
Earlier this year GATA filed a second Freedom of Information Act (FOIA) request with the Federal Reserve System for documents from 1990 to date having to do with gold swaps, gold swapped, or proposed gold swaps.
 
On Aug. 5, The Federal Reserve responded to this FOIA request by adding two more documents to those disclosed to GATA in April 2008 from the earlier FOIA request. These documents totaled 173 pages, many parts of which were redacted (blacked out). The Fed's response also noted that there were 137 pages of documents not disclosed that were alleged to be exempt from disclosure.
 
GATA appealed this determination on Aug. 20. The appeal asked for more information to substantiate the legitimacy of the claimed exemptions from disclosure and an explanation on why some documents, such as one posted on the Federal Reserve Web site that discusses gold swaps, were not included in the Aug. 5 document release.
 
In a Sept. 17, 2009, letter on Federal Reserve System letterhead, Federal Reserve governor Kevin M. Warsh completely denied GATA's appeal. The entire text of this letter can be examined at http://www.gata.org/...-09-17-2009.pdf.
 
The first paragraph on the third page is the most revealing.
 
"In connection with your appeal, I have confirmed that the information withheld under exemption 4 consists of confidential commercial or financial information relating to the operations of the Federal Reserve Banks that was obtained within the meaning of exemption 4. This includes information relating to swap arrangements with foreign banks on behalf of the Federal Reserve System and is not the type of information that is customarily disclosed to the public. This information was properly withheld from you."
 
The above statement is an admission that the Federal Reserve has been involved with the fake gold bar swaps and that it refuses to disclose any information about its activities!
 
Why use tungsten?
 
If you are going to print fake money you need to have the special paper, otherwise the bills don't feel right and can be easily detected by special pens that most merchants and banks use. Likewise, if you are going to fake gold bars you had better be sure they have the same weight and properties of real gold.
 
In early 2008 millions of dollars in gold at the central bank of Ethiopia turned out to be fake. What were supposed to be bars of solid gold turned out to be nothing more than gold-plated steel. They tried to sell the stuff to South Africa and it was sent back when the South Africans noticed this little problem.
 
The problem with making good-quality fake gold is that gold is remarkably dense. It's almost twice the density of lead, and two-and-a-half times more dense than steel. You don't usually notice this because small gold rings and the like don't weigh enough to make it obvious, but if you've ever held a larger bar of gold, it's absolutely unmistakable: The stuff is very, very heavy.
 
The standard gold bar for bank-to-bank trade, known as a "London good delivery bar" weighs 400 troy ounces (over thirty-three pounds), yet is no bigger than a paperback novel. A bar of steel the same size would weigh only thirteen and a half pounds.
 
According to gold expert, Theo Gray, the problem is that there are very few metals that are as dense as gold, and with only two exceptions they all cost as much or more than gold.
 
The first exception is depleted uranium, which is cheap if you're a government, but hard for individuals to get. It's also radioactive, which could be a bit of an issue.
 
The second exception is a real winner: tungsten. Tungsten is vastly cheaper than gold (maybe $30 dollars a pound compared to $12,000 a pound for gold right now). And remarkably, it has exactly the same density as gold, to three decimal places. The main differences are that it's the wrong color, and that it's much, much harder than gold. (Very pure gold is quite soft, you can dent it with a fingernail.)
 
A top-of-the-line fake gold bar should match the color, surface hardness, density, chemical, and nuclear properties of gold perfectly. To do this, you could could start with a tungsten slug about 1/8-inch smaller in each dimension than the gold bar you want, then cast a 1/16-inch layer of real pure gold all around it. This bar would feel right in the hand, it would have a dead ring when knocked as gold should, it would test right chemically, it would weigh *exactly* the right amount, and though I don't know this for sure, I think it would also pass an x-ray fluorescence scan, the 1/16" layer of pure gold being enough to stop the x-rays from reaching any tungsten. You'd pretty much have to drill it to find out it's fake.
 
Such a top-quality fake London good delivery bar would cost about $50,000 to produce because it's got a lot of real gold in it, but you'd still make a nice profit considering that a real one is worth closer to $400,000.
 
What's going to happen now?
 
Politicians like Ron Paul have been demanding that the Federal Reserve be more transparent and open up their records for public scrutiny. But the Fed has consistently refused, stating that these disclosures would undermine its operation. Yes, it certainly would!
 
UPDATE: Audit of Fed Reserve Amendment Passes!
 
In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.
 
The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.
 
The manufacture of fake gold bars goes back years and, because of this, it is not likely that the originator of this scheme will ever be revealed or brought to justice. Meanwhile the world is just beginning to learn that much of its national reserves of gold may be fake. If more testing reveals that this gold was guaranteed by Fort Knox and the US Treasury then perhaps they will demand an exchange for "real" gold -- wouldn't you?
 
This is all happening at a time when the US economy is at its lowest and most vulnerable. The effects could be devastating.
 
Some investors are already selling gold commodities before these facts are widely known. They are investing instead in silver -- the next best metal. This will undoubtedly drive silver prices up.
 
According to Jim Willie, 24 year market analyst and Ph.D in statistics, "The bust cometh, and it will be spectacular. The stories told in the press will be peculiar, since not told objectively. The headlines might be a comedy, with phony reports of foreign subterfuge, when the perpetrators are home grown."
 
This is yet another story in the decline of America and capitalism -- a decline based on greed, deception and fraud.
 
UPDATE MARCH 5, 2010
 
Largest Private Refinery Discovers Gold-Plated Tungsten Bar
 
By Patrick A. Heller
 
Gold Plated Tungsten BarRecently, the German television station ProSieben ran a news story covering W. C. Heraeus in Hanau, Germany, the world's largest privately owned refinery. In the story, Wilfried Horner, the head of the gold foundry, shows a 500 gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had the right physical dimensions to be an authentic gold bar, but one of the Heraeus employees suspected something funny. After the bar was cut in half, you can see that the inside is tungsten, with only a coating of gold on the outside.
 
You can watch this news story on You Tube, where it was posted February 28, at http://www.youtube.c...h?v=ZKczs-7BFRI.
 
Last fall, Rob Kirby of Kirby Analytics in Toronto reported that China's central bank had discovered some 400-ounce gold-plated tungsten bars among those it had recently received from bonded warehouses. It was later learned that at least four counterfeit bars were found and that all had come from sources in the United States. As suspicions grow about counterfeit bars among those held in bonded warehouses for delivery against either COMEX or London Bullion Market Association contracts or shares of exchange traded funds, investors could panic. So, you can understand that there has been almost a total blackout on news coverage on this story.
_____________________________________________________________
 
 
 
 
 
 
 
 
 
 
_____________________________________________________________
 
 
 
 
 
 
 
 
 
_____________________________________________________________
 

  • 0

#4 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 16 October 2017 - 09:36 AM

Is The Federal Reserve Lying About Having 6,200 Tons Of Gold Stored In A Basement In Manhattan?
 
 
 
AUGUST 11, 2017
 
 
 
EIGHTY FEET BELOW THE STREETS OF LOWER MANHATTAN, A FEDERAL RESERVE VAULT PROTECTED BY ARMED GUARDS CONTAINS ABOUT 6,200 TONS OF GOLD. OR DOESN'T.
 
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -  Henry Ford
 
EDITOR'S  NOTE: The Federal Reserve is not a federal organization and they don't have any reserves. In violation of the United States Constitution, they are the ones who print our money, instead of Congress who is mandated to do it. So what is the Federal Reserve and who runs it? The Federal Reserve is a cartel created by the Rothschilds and Bilderbergers that controls the creation, flow and value of American currency. The creation of the Fed was a bloodless coup that succeeded beyond the wildest expectations of the conspirators. 
 
The Fed tells visitors its basement vault holds the world's biggest official gold stash and values it at $240 billion to $260 billion.
 
But "no one at all can be sure the gold is really there except Fed employees with access," said Ronan Manly, a precious-metals analyst at gold dealer BullionStar in Singapore. If it is all there, he said, the central bank has "never in its history provided any proof."
 
Mr. Manly is among gold aficionados who wonder if the bank is hiding something about what it's hiding.
 
Other theorists suspect the gold beneath the New York Fed's headquarters at 33 Liberty St. may be gold-plated fakes. Some conspiracy-minded investors think the Fed has been secretly leasing out the gold to manipulate prices.
 
"There has to have been a central bank spewing their gold into the market," said John Embry, an investment strategist for Sprott Asset Management in Toronto until 2014 who once managed its gold fund.
 
"The gold price didn't act right" during the time he was watching it and the likely explanation for the movement was Fed action, said Mr. Embry.
 
Fed officials have heard theories about their gold holdings for many years and don't think much of them. After this article was published, a Fed spokeswoman said the Fed doesn't own any of the gold housed at the New York Fed, which "does not use it in any way for any purposes including loaning or leasing it out."
 
THE FED HAS BEEN SELECTIVE IN GIVING DETAILS ABOUT THE CONTENTS OF THE VAULT AND IN THE PAST HAS SAID IT CAN'T COMMENT ON INDIVIDUAL CUSTOMER ACCOUNTS DUE TO CONFIDENTIALITY AGREEMENTS.
 
Former Fed Chairman Alan Greenspan said in a July interview: "When you deposit your funds in a bank, should that bank make your account balances available to whomever asks?"
 
Seeking a better glimpse inside the vault and at Fed procedures and records, The Wall Street Journal filed Freedom-of-Information requests with the New York Fed. Among the Journal's findings, from a heavily redacted tour-guide manual provided by the Fed: Tour guides are informed that "visitors are excitable" and should be asked to "please keep their voices down."
 
Three Fed staffers must be present when gold is moved or a compartment opened, even to change a lightbulb, and no attempts have been made to break in, documents state.
 
New York Fed President William Dudley told a March gathering in Queens, N.Y., that the fictional raid by drilling through from a subway tunnel in the 1995 movie "Die Hard With a Vengeance" was far-fetched.
 
The Fed gives some information about the vault on a website and offers tours. A guide on one tour gave some details: Inside is enough oxygen for a person to survive 72 hours, should someone get trapped; custodians wear magnesium shoe covers to help prevent injuries, should they drop 27-pound bars; the Fed charges $1.75 a bar to move gold but nothing to store it; most of the gold is owned by foreign governments.
 
Along with the foreign gold, the Fed's Manhattan vault holds about 5% of America's roughly $11 billion in gold reserves and coin, valued at the statutory rate of $42.22 per fine troy ounce, according to the U.S. Mint. The U.S. government keeps the rest in Denver, Fort Knox, Ky., and West Point, N.Y.
 
Elaborate theories build on what the Fed doesn't say about goings-on in its vault's 122 compartments. It doesn't report when bars enter or leave and doesn't let in outsiders-other than auditors and account holders-to count the bars or review records.
 
VISITORS ON VAULT TOURS SEE ONLY A DISPLAY SAMPLE AND CAN'T VERIFY BARS UP CLOSE.
 
"All you see is the front row of gold bars," said James Turk, co-founder of Goldmoney, a gold custodian. "There's no way of knowing how deep the chamber is or how many rows there are."
 
Mr. Turk, based in London, believes much of the gold has been "hypothecated," or lent out to other parties, and then rehypothecated, or lent to multiple parties at once. In doing so, he says, "central banks actually own less gold than people believe."
 
Some gold bugs-investors bullish on the yellow metal-think the Fed secretly lends it out to suppress prices, partly to protect the dollar's value. In theory, the Fed can feed gold into the market through swaps with other countries.
 
James McShirley, who owns Sulphur Lumber in Sulphur Springs, Ind., and has traded gold, believes investment banks, probably as agents for the Fed, act to lower prices when gold futures gain 1%. "It's totally logical that in addition to maintaining artificially low interest rates," he said, "it would be imperative to keep gold suppressed as an inflationary barometer."
 
Then there's the purity question. Mr. Turk said there are "questions in gold circles as to what's in an actual bar." One theory, he said: They could be gold-plated tungsten, which would weigh almost the same.
 
"I think the gold they have there is real gold," he said, "but until you do random sampling you don't know for certain."
 
In a 2012 audit of U.S. gold at the Fed's vault, the U.S. Mint and the Treasury's Office of Inspector General sent 367 samples to an independent lab for testing. All but three samples came back within 0.13% of the purity recorded by the government, within standard industry tolerance, according to the Mint and Treasury.
 
Since then, annual government audits of the Fed's vault have inspected only the locks and joint seals on the compartments to check they haven't been tampered with, a Mint spokesman said.
 
That isn't enough, said Peter Boehringer, founder of the German Precious Metals Society. The problem, he said, is the "complete lack of a transparent, full, independent, external audit in the Fed´s vaults by a sworn-in auditor."
 
New legislation, nicknamed the "Audit the Fed" bill, could allow the Government Accountability Office to audit the Fed's vault, said a spokesman for the bill's Senate sponsor, Rand Paul (R., Ky.). GAO lawyers wouldn't speculate on the bill's reach. Mr. Paul's spokesman said the Senator has arranged a personal visit to Fort Knox this fall.
 
Former U.S. Rep. Ron Paul, the senator's father, has been outspoken about what he says is taxpayers' need for more transparency about gold from the Fed. "Even if you could walk into that vault and see a lot of gold, you wouldn't know…whether it's been loaned out or sold," he said. "They haven't convinced me that we have total control of it." source
 
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
 
 
 
 
 
 
 
 
 
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
 
 
 
 
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦

  • 0

#5 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 16 October 2017 - 09:43 AM

Putin Vows To Destroy West's Financial Dominance Over World
 
 
 
September 4, 2017
 
 
 
President Putin has hit back at the Western elite's financial dominance over the world by vowing to destroy the US-led global financial and trade hegemony.
 
Speaking on the eve of the BRICS Summit in China, Putin said that now is the time for a truly 'free economy' to rise up and obliterate the unfair global financial and economic architecture.
 
Russia-insider.com reports: Putin's strategy aims first at consolidating the political unity of the new emerging world powers and with that to attack the existing institutions of the failing West, in particular their currency hegemonies and their financial power structures, the IMF and the World Bank.
 
Putin writes:
 
(Russia aims at promoting global) "financial regulation reforms" and at overcoming "the excessive domination of the limited number of reserve currencies" (that is, the currency monopolies of Western countries) coupled with working "towards a more balanced distribution of quotas and voting shares within the IMF and the World Bank."
 
Putin wants to break the Western hegemonic dominance of world trade by building a genuine global free trade system as opposed to the present sham-liberal system marked by a de-facto US protectionism of its own narrow interests. He continues:
 
Russia advocates "the foundations of an open, equal and mutually beneficial multilateral trade system and the strengthening of the role of the WTO."
 
It is especially noteworthy and welcome that Putin has in his analysis arrived to identifying the monopolistic dominance of world trade by the Western transnational corporations as a major structural problem. Putin wants to unleash the collective power of the antimonopoly agencies of the BRICS countries against those predatory corporations:
 
"The goal is to create a package of cooperation measures to work against the restrictive business practices of large multinational corporations and trans-border violations of competition rules,"
 
We said so
 
I am personally very pleased to note that Putin has so lucidly identified the present hegemonic barriers in world finances and trade and that he has so succinctly defined the strategy to combat the existing unfair system.
 
In a recent report by our firm on how Russia has coped with the sanctions and the dramatic plunge of the oil price, we wrote in the same line, but rather less diplomatically than the way Putin formulated it, to quote:
 
"We want to stress that there are sanctions of two types, officially enacted sanctions and unofficial sanctions. The latter have not been officially announced by any Western government but are deliberately pursued under the agenda of economic containment, itself part of the grand geopolitical strategy of Russia containment.
 
By these measures Russian investors and exporters are actively by way of unannounced (i.e. illegal) rules hindered from entering Western markets and other global markets were those powers hold sway, and conversely Western (and other) investors are being discouraged (coerced) from certain investments into Russia.
 
The economic containment takes many other forms, too, for example, it affects Russia's participation in global financial operations and the rubles role among global currencies.
 
We assess that the unofficial sanctions are even more cumbersome and harmful than the official one."
 
And further:
 
"As a matter of fact, there are some very real and concrete constraints, which have prevented, and will continue to prevent Russia from increasing its exports of manufactured goods as long as these real constraints are not identified.
 
The reasons are both of historical nature and related to the present realities of global trade, the already high level of saturation and entrenched positions of globally dominating, mostly Western based, transnational corporations, and the whole world trade order based on institutionalized hegemony of the Western countries, as well as, their seemingly unlimited access to virtually interest-free financing.
 
Russia can begin to tackle these problems only through similar geopolitical maneuvers (fortunately, initial progress has been made in this regards) and a very well thought out strategic marketing plan on the level of both the national economy and corporations."
 
Here is a link to the full report titled What Does Not Kill You Will Make You Stronger - The Russian Economy 2014 - 2016, the Years of Sanctions Warfare.
 
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
 
 
 
 
 
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
 
 
 
 
 
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦

  • 0

#6 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 16 October 2017 - 09:57 AM

http://yournewswire....s-gold-bullion/


  • 0

#7 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 16 October 2017 - 01:50 PM

http://www.shtfplan....market_10162017


  • 0

#8 Mario Milano

Mario Milano

    Advanced Member

  • Members
  • PipPipPip
  • 26802 posts

Posted 16 October 2017 - 01:54 PM

I don't know if the story is true....but Russa has been stockpiling tonnes of Gold...if this is backed by gold then it will definately work...unlike Bitcoin which is backed by nothing....just like the Jew US Fed reserve monopoly money dollar
  • 0

#9 Agent D

Agent D

    Advanced Member

  • Members
  • PipPipPip
  • 5282 posts

Posted 16 October 2017 - 04:07 PM

I don't know if the story is true....but Russa has been stockpiling tonnes of Gold...if this is backed by gold then it will definately work...unlike Bitcoin which is backed by nothing....just like the Jew US Fed reserve monopoly money dollar

 

If it comes from Grog, you can certain it's bullshit.


  • 0

#10 Agent D

Agent D

    Advanced Member

  • Members
  • PipPipPip
  • 5282 posts

Posted 16 October 2017 - 04:15 PM

 

Vladimir Putin Issues Russian 'CryptoRuble'
 
 
 
 
October 16, 2017
 
 
 
 
Russian President Vladimir Putin has announced plans to issue Russia's own cryptocurrency, the CryptoRuble, at a closed door meeting in Moscow.  
 
Capping months of speculation about the country's approach to digital currencies, the CryptoRuble indicates Russia's support of the likes of Bitcoin and Ethereum.
 
Cointelegraph.com reports: The news broke through Minister of Communications Nikolay Nikiforov.
 
According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities.
 
The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied.
 
...

 

 

The existence of this Russian state-controlled cryptocurrency is probably true, though, as are the restrictions we see applied to it. It will not be free the way Bitcoin and other current cryptocurrencies are, and I expect Russia will outlaw those other currencies.

 

https://techcrunch.c...he-cryptoruble/

 

Russia will issue its own official cryptocurrency, the CryptoRuble, capping months of speculation about the country’s approach to the technology. While in a way it indicates an embrace of the likes of Bitcoin and Ethereum, the CryptoRuble is unlikely to share the truly decentralized nature of other coins.

 

The news, first reported by CoinTelegraph, cites local news reports, which in turn cite Nikolay Nikiforov, the Russian government’s minister of communications. I’ve contacted the Russian government for confirmation and details, and will update this story if I hear back.

 

Reports this summer suggested the country was looking into creating its own cryptocurrency, though the administration has also taken a hard line on other coins, calling them illegitimate replacements for the official currency.

 

Details are scarce, but according to the reports, the CryptoRuble cannot be mined, but will be issued and tracked by the government like ordinary currency. That does away with one of the primary draws of cryptocurrencies, of course: some would say that the entire point of something like Bitcoin is to free commerce from the fetters of government-run fiat currencies.

The CryptoRuble does appear to be blockchain-based, however, which gives it at least a veneer of decentralization and could help prevent things like online fraud. Rubles and CryptoRubles (I’m hoping they drop the camel caps) will be able to be freely exchanged, though how exactly is unknown — an official exchange seems likely, but unofficial markets are inevitable.

The idea is to stimulate the online economy in a way that doesn’t rely on foreign money markets or third party transaction brokers, and allows the government to closely regulate and track it. Nikiforov also reportedly said that if Russia didn’t do it, European authorities might beat them to the punch.

 

Waiting for the other shoe to drop?

 

Upon exchange, CryptoRubles will reportedly require some kind of proof of origin, such as (presumably) a documented retail transaction or service rendered. Obviously this is to deter money laundering and currency manipulation; however, because the government doesn’t want to put a full stop to those popular activities, undocumented CryptoRubles will simply be exchanged with a 13 percent tax.

 

This tax will also be applied to any appreciation in value, although it’s unclear how or if the coin will be tied to the fiat currency.

 

One might take this as the government tacitly encouraging and profiting from speculation and money laundering — but at the same time, it’s a realistic way to keep the marketplace from devolving into a total melee. Crypto enthusiasts are unlikely to relish the idea of the Russian regime skimming off the top of a marketplace, but for now that seems to be the price to participate in what could be a major online economy.

 

----------

 

Mario would whine and carry on to no end if it were the US government saying and doing these things, of course. I like the 13% tax on illegal transactions - I'm sure that will go over well with Russia's non-governmental criminals. Putin is setting himself up to go to virtual war with them if he does try to outlaw those other currencies and force people to use this "CryptoRuble".


  • 0

#11 Ivan88

Ivan88

    Registered User

  • Members
  • PipPipPip
  • 12956 posts

Posted 16 October 2017 - 05:30 PM

Why would anyone want to use some imaginary currency subject to a 13% tax & possibly a 26% tax?

 

You can never get the stuff in your hand. It's all in some computer somewhere waiting to disappear when the lights go out.


Edited by Ivan88, 16 October 2017 - 05:31 PM.

  • 0

#12 Agent D

Agent D

    Advanced Member

  • Members
  • PipPipPip
  • 5282 posts

Posted 16 October 2017 - 06:16 PM

Why would anyone want to use some imaginary currency subject to a 13% tax & possibly a 26% tax?

 

You can never get the stuff in your hand. It's all in some computer somewhere waiting to disappear when the lights go out.

 

Indeed. It's the stuff of crime, a way to disguise transactions and launder stolen money. Some, though, also turn to this stuff because they don't trust fiat currencies and want to "stick it to the man." If you think about it, even fiat currency would be in some trouble if the lights went out, so to speak, since so much is now managed electronically, and of course fiat currencies are just as worthless intrinsically, being either paper or bits. In a way, as long as the lights are on, fiat currencies and crypto currencies are virtually the same, but under different management.


  • 1

#13 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 27 October 2017 - 03:30 PM

https://politicalvel...-you-still-can/


  • 0

#14 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 03 November 2017 - 12:00 PM

http://theunhivedmin...yptocurrencies/


  • 0

#15 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 05 December 2017 - 11:10 AM

Santa-bitcoin? Russian Father Frost may create own cryptocurrency & mine it
 
 

  • 0

#16 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 06 December 2017 - 05:03 PM

Russian Finance Ministry suggests criminalizing cryptocurrency mining
 

Published time: 6 Dec, 2017 14:39

 

 

http://theunhivedmin...urrency-mining/

 

 

 


  • 0

#17 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 06 December 2017 - 05:06 PM

Traders at top bitcoin exchange claim they have no access to their money
 

  • 0

#18 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 06 December 2017 - 05:18 PM

Bitcoin sets new record breaking through $13,000 barrier
 

  • 0

#19 Mario Milano

Mario Milano

    Advanced Member

  • Members
  • PipPipPip
  • 26802 posts

Posted 06 December 2017 - 05:37 PM

Bitcoin sets new record breaking through $13,000 barrier
December 6, 2017[/size]
 
http://theunhivedmin...-13000-barrier/[/size]


Bitcoin is sounding more and more like amway pyramid scheme everyday....
  • 0

#20 grog

grog

    Advanced Member

  • Members
  • PipPipPip
  • 3080 posts

Posted 07 December 2017 - 03:15 PM

Hackers swipe over $64mn in Bitcoin from cryptocurrency marketplace NiceHash

 

 

http://theunhivedmin...place-nicehash/

 

 


  • 0




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

Copyright © 2018 Pravda.Ru