Russia and Turkey are set to work on increasing payments between the countries in their national currencies, the Russian-Turkish Intergovernmental Commission said Wednesday.
“The working group on financial and banking cooperation, taking into account information about detected barriers, is to continue its work to eliminate them and increase the volume of payments in the national currencies of Turkey and Russia,” the commission said.
Both sides noted the absence of legal and infrastructural constraints for conducting payments in their national currencies and agreed to work alongside representatives of the business communities to identify possible obstacles. Russia Insider
Putin kicked out the Rothschild bankers from his country . Putin interrupted the [Rothschild] US Government heroin trade supply routes out of Afghanistan. The elite banking chambers wish to remove Putin and to suppress Russia, but the sprawling nation is joined at the hip with China.
Thus Russia cannot be isolated any more than a bear can be bear hugged. The nation spans 12 time zones and is a top supplier of numerous important commodities. The Russia & China bond is growing and will result in a marriage, the consummation being a baby called the Gold Trade Standard.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert delve into the tangled web of debt and deception that led to the bond market selloff in 2013, the ongoing crisis of fraud and dark pools in London and falsified gold contracts in China. In the second half, Max interviews Ronnie Moas of PhilanthropyAndPhilosophy.com for the second half of their conversation about blacklisting ‘bad’ companies. Ronnie Moas also delivers his observations on his recent travels to South Korea, Israel and Mongolia, with the latter being the once in a lifetime equivalent to investing in Russia in 1990. Max Keiser
Two of the most influential players in the new generation of investors, say bitcoin will encourage financial openness.
It was on a very hot day in July 2012 that the Winklevoss twins discovered bitcoin, while partying in Ibiza. At 32 years old, the enviably athletic pair have both Harvard and Oxford on their CVs, and seem predestined for success. They famously won a $65m settlement from Facebook after claiming Mark Zuckerberg had stolen their idea for a Harvard social network, and rowed in the 2008 Olympics.
For the past year, we have been saying that the charts for gold and silver are likely bottoming in a normal manner, and it takes time for a this kind of formation to complete itself. It remains the case, to date.
What is likely to cause a sharp price reversal to the upside for gold and silver? If both were allowed to simply adjust to inflation, you would see a fairly substantial rally. Given that will not be the case, what will be a/the catalyst for a precious metal [PM] change in trend?
China has stood by Russia’s show of force in Europe since the get-go, has now upped the ante.
It’s a brilliant move designed, once again, to show the world that President Obama and the United States are no longer running the show.
“Sanctions could lead to retaliatory action, and that would trigger a spiral with unforeseeable consequences,” warns China’s envoy to Germany adding that “we don’t see any point in sanctions.”
On the heels of Merkel’s warning that Russia risked “massive” political and economic damage if it did not change course, Reuters reports ambassador Shi Mingde urged patience saying “the door is still open” for diplomacy (though we suspect it is not) ahead of this weekend’s referendum.