myPlanetGanja.com

it was an investment...

The Central Bank of Russia has continued getting rid of US Treasury bonds in August. The share of Russian investments in American debt is getting close to zero.

Russian investments in US securities as of August have fallen to just $14 billion. Back in 2011, Russia was one of the largest holders of US debt with a $180 billion investment.

The reason is not only about politics and US sanctions against Russia, a broker at Otkritie bank Timur Nigmatullin told RIA Novosti. The US Federal Reserve is hiking interest rates, which makes American bonds cheaper, he said. “Russia has almost dropped out of the list of holders of US government debt, being the 54th largest holder.”

“A further sale of US Treasury bonds by Russia will most likely be compensated by buying gold and opening short-term deposits at banks,” he said. The share of precious metals in the country's foreign reserves has reached a record 18 percent, closely approaching the share of dollar investments.

The largest investors in US debt, China and Japan, have also cut their holdings. Chinese holdings of US sovereign debt dropped to $1.165 trillion in August, from $1.171 trillion in July, marking the third consecutive month of declines. Japan has slashed its holdings of US securities to $1.029 trillion in August, the lowest since October 2011.

The reason for holding money in US bonds is global trade, which is still dominated by the dollar, director of macroeconomic analysis at Expert RA Anton Tabah told Izvestia daily. So, countries are forced to have a lot of dollars in cash, and US bonds are the best option for that.

India and Turkey have followed Russia's lead. Turkey has dropped out of the top-30 list of holders of American debt, while India has been liquidating its investment for five consecutive months to $140 billion in August.


https://www.rt.com/business/441615-russ ... s-us-debt/" onclick="window.open(this.href);return false;




Sanctions are forcing Russia to find alternative settlement currencies to the US dollar to ensure the security of the country's economy, according to President Vladimir Putin.

“We are moving to the de-dollarization of the economy. We are doing so not because we want to undermine the dollar, but because we want to ensure our security. We are constantly facing sanctions, they do not give us the opportunity to work in dollars,” Putin said on Thursday at the Valdai Discussion Club meeting in Sochi.

The alternative to the greenback could become a basket of national currencies, an instrument being developed by BRICS countries. “If such tools are invented, it will be possible to get away from the dollar. As soon as this happens, the dollar will have hard times,” Putin said.
The Russian president said that the US is forcing a number of countries to abandon the dollar in international payments. “This is a typical mistake of an empire. Our American friends are undermining confidence in the dollar as a single currency,” Putin said.
“European countries want to trade w

ith Iran. They do not believe that Tehran violated any conditions of the nuclear deal. Therefore something like an alternative to SWIFT international payment system is being invented,” the president said.

https://www.rt.com/business/441677-russ ... of-dollar/" onclick="window.open(this.href);return false;

The Bank of England (BoE) is refusing to release around $550 million in gold owned by Venezuela back to the country over the UK regulator's claim of growing uncertainty about Caracas’s intentions for the 14 tons of gold bars.

good video

What the fuk is going on with the oil market?
We have gas as low as $1.75/gallon in my state....most places are around $2.
That's a far cry from the $4+ we've seen before.
Good side is, fracking grinds to a halt when oil gets this low.
Bad side is.....something's going on.

https://www.reuters.com/article/us-glob ... SKBN1O4036" onclick="window.open(this.href);return false; I saw this link on infowars.

Hmm, wonder how that's going to work out....seeing as we use OPEC as a weapon against some of those countries.

Another thing I did not realize...
While Bush Jr saw a reduction of domestic production over his terms, production doubled over Obama's terms.

id forgotten that 30 years ago we were just 'waiting for china to fail' and were still waiting...

Video: Behind the US Attack on Chinese Smartphones

https://www.globalresearch.ca/video-beh ... es/5661957" onclick="window.open(this.href);return false;

The US is set to become a net oil exporter for the fist time since WWII next year. It is also set to become the largest oil producing nation in the world for the first time since the 1980s when OPEC were slashing production to support world prices.

The US legal system has become a “cheap farce” where rulings are politically charged and impossible to challenge legally, jailed Russian businessman Viktor Bout says. He warned that “great changes” are looming in America.
Bout has been in custody for many years after being arrested in 2008 in Thailand during a US sting operation. He was eventually convicted in 2012 over conspiring to kill American citizens by allegedly selling weapons to the Revolutionary Armed Forces of Colombia (FARC), receiving a quarter-century jail term.




https://www.rt.com/russia/447380-us-rev ... ming-bout/" onclick="window.open(this.href);return false;