[Jester] AND HERE IS THE KICKER...
[Jester] This deal was negotiated, not enforced.
[DiddyKong] Jester lol
[Jester] Granted, the EaEU is not exactly a beacon of democracy. Neither is the EU. The EU is democratic only in that it united already performing democracies. By and of itself, the EU is not democratic, its parliament has no power, the European Commission is not an elected body and the EU is forcing member state governments, left and right, to the same neoliberal austerity programs, against the will of its own population.
The EU did not eliminate elections; it made them irrelevant, without any impact on real policy.
[Jester] Besides, things need to be put in perspective: if successful, the EaEU would unite up to 217 million people. Put that next to the 506 million citizens of the EU, with a far superior GNP per capita. Since its founding year 1957, the EU expanded from 6 to 27 member states. Five of these states are former East Bloc and Warsaw Pact members; three others are former Soviet Republics. Russia coming up with ‘an answer’ to the EU is hardly expansionism, it is common sense.
[SoldierofChrist] Jester lol
[Jester] Meanwhile, it is too soon to establish the true potential of the recent multi billion dollar gas deal with China. Deals like this are made for a complex set of reasons, economic profit being an important one, but other geopolitical motives are always at play. This deal with China is among other things an answer to the Ukrainian crisis, to the strained relations with the EU and to foreseeable future problems with gas deliveries to the EU. Russia will use this deal as a bargaining chip. This strategy is no different from the way the EU and the US have negotiated similar deals all around the world.
[Jester] Did attempts to isolate Putin and economic sanctions work? Like the first question of this article, this is a leading question. If you take ‘isolation’ strictly in its ideological sense as ‘isolation by the western powers’, it’s not coherent. If you take ‘isolation’ in its dictionary meaning, it is pure nonsense. Russia is hardly isolated by the real world. The rest of the world outside the EU and the US begs to differ on the matter and differ they do. The next BRICS-summit in July will be an occasion for Russia to defend its position on the Ukrainian problem and forge new economic ties with likeminded allies.
[Jester] The EaEU is among many other things an answer to the EU, a perfectly legitimate one. The EU and the US may not like it, that is their right, but the days in which everything in the world was their ‘business’ are over. Will the EaEu succeed? Hard to tell, it does have potential.
[Jester] HERE IS THE ARTICLE...
[Jester] SO I HAVE A COUPLE MORE... ANYONE LIKE TO STAY A BIT OR SHOULD WE DO THE REST TOMORROW?
[lulu] And they weren't meeting in secret either
[SoldierofChrist] Jester epic
[pokerbrat] Jester they are sick of us. Shoot. I'm sick of us
[Hannah] Let's stay
[Jester] OK... GIVE ME A SECOND TO RESET...
[DiddyKong] Jester I have one thing to say... well more of an idea.... wait for an Eastern form of NATO
[SoldierofChrist] Jester the suspense wont let me wait til tomorrow lol
[MotoXR] CL interveiw Q: The IMF approved a 17 billion Us dollar loan program to Ukraine. This was eight times as high as its quota; do you consider that as a bad loan? Some reports say that this loan demonstrates the degree to which the IMF is an arm of the US, what is your comment?
[MotoXR] So yes, Ukraine has received IMF support of about 17 billion US dollars, which is 8 times its quota—that is its share in the IMF’s capital. But other countries have had similar exceptional financing levels. For instance, Jordan’s 2.1 billion US dollar loan also represents 8 times its quota.
[Jester] OK... WE ARE IN OVERTIME... HAHAHAHAH
[MotoXR] Jester good stuff Thank you
[Jester] NOW... WE ALL KNEW CHINA WAS ON THE RUSSIAN SIDE... BUT HERE IS SOME GOOD INFO...
[Jester] China, Russia to sign 30 agreements during annual meet
[Jester] Russia and China will ink more than 30 agreements on energy, finance and high-speed rail cooperation during the annual Russia-China Prime Ministers summit to be held on 13 October, China’s Foreign Ministry spokesperson announced on Saturday.
[Jester] The two states’ premiers will also hold a meeting at the international forum Open Innovations on 14 October, said Chinese Foreign Ministry spokesman Hong Lei in Beijing. Russia has been attempting to shrug off its dependence on European energy markets and instead adopt a “look-east” policy towards China and India.
[Jester] INDIA? HMMM... INTERESTING..
[SoldierofChrist] Jester very interesting
[Jester] Chinese Premier Li Keqiang and Vice Premier Wang Yang will head for Russia for the 19th annual meet to hold talks with their Russian counterparts Dmitry Medvedev and Dmitry Rogozin.
[Jester] The Prime Ministers summit this year follows successful meetings between President Xi Jinping and his Russian counterpart Vladimir Putin where the two leaders have overseen enormous Sino-Russian joint ventures, including a landmark $400 billion gas deal in Shanghai after a decade-long gas supply talks between the two countries.
[Jester] Russia also plans to sign a new 30-year gas supply contract with China via the western route, Russian energy giant Gazprom’s CEO Alexei Miller told President Vladimir Putin last month.
[Jester] YOU DON'T THINK THESE GUYS ARE SERIOUS... THAT SOUNDS PRETTY SERIOUS TO ME...
[Jester] As the US and EU step up pressure on Moscow with a new round of sanctions, Russia is seeking to strengthen ties with allies in the region, predominantly China.
[SoldierofChrist] Jester If there is something I have learned in this process is that they dont play around
[Jester] Putin and Xi also met last month during a Shanghai Cooperation Organisation (SCO) Council of Heads of State meet in Dushanbe, Tajikistan, where Putin batted for aligning China’s Silk Route revival project with Russian plans for a trans-Siberian railway.
[Jester] “We see great potential in the idea of developing a common SCO transport system that would make use too of Russia’s Trans-Siberian Railway and Baikal-Amur Mainline and be tied into China’s plans for developing the Silk Road route. I am sure that big projects of this kind serve the interests of our organisation’s members and would benefit all countries in Eurasia,” said Putin.
[Jester] Putin said earlier this year that the Sino-Russian ties, including those on approaches to international problems, are at an unprecedented level. “As for our relations with China’s People’s Republic, they develop successfully and are at an unprecedentedly high level – both at the level of trust and the level of cooperation. I mean also the political sphere, our common approaches to estimations of international situations and to security in the world,” he said during a Q&A session in April in Moscow.
[Jester] NOT HARD TO FIGURE THAT ONE OUT... BRICS... HAHAHAHAH
[Jester] HERE IS SOMETHING YOU DIDN'T KNOW...
[Jester] Russia’s trade turnover with China is almost thrice as big as that with the US.
[Jester] NOW I AM WONDERING IF THEY REALLY DO NEED US AT ALL...
[Jester] “It is absolutely clear that we will be expanding collaboration with China. Our trade with the United States is 27.5 [billion], but trade with China is 87 billion, and it is growing. And experts will agree that China is gradually becoming the number one economic power. The question is when it will happen: in 15, 20 or 25 years. But everybody understands that it is inevitable,” asserted Putin.
[Jester] AND THE KICKER AGAIN...
[Jester] The Russian and Chinese central banks have recently agreed on a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments.
[Jester] A Bloomberg report says the yuan-ruble trade on the Moscow Exchange has jumped 10-fold this year to $749 million in August.
[Jester] 10 TIMES? HOLY SPITFIT BATMAN....
[SoldierofChrist] Jester lol
[LuckyB] jester you have a feeling that they are thumbing there noses at the U S
[MotoXR] Jester I'm going with since the US didn't want to work thinks out agreeing to new terms/conditions This is a In your face SU Guess you'll find out the hard way!! Nice knowin ya...
[Jester] Earlier last month, Moscow and Beijing have entered into a pact to boost use of the rouble and yuan for trade transactions.
[Jester] OK... HERE IS A TEASER...
[Jester] The Chinese Premier will also visit Germany, Italy and the UN Food and Agricultural Organization(FAO) headquarters in Rome during his Europe trip and attend the 10th Asia-Europe Meeting (ASEM) summit in Milan from Oct. 16 to 17.
[Jester] WONDER WHAT THEY WILL TALK ABOUT? HAHAHAHAHAH
[Jester] MIGHTY COLD IN EUROPE IN THE WINTER TIME...
[LuckyB] think they will throw us a life saver
[Jester] MotoXR IF THE US DOES NOT GET THEIR COLLECTIVE STUFF TOGETHER WE ARE GOING TO BE THE BANANA REPUBLIC...
[pokerbrat] Jester Put in would Kill Obuthead in a chess game
[Jester] pokerbrat ISN'T THAT THE TRUTH...
[Jester] OKAY... ONE MORE... STILL ROCKING FOR A BIT... HAHAHAHAH
[MotoXR] pokerbrat I think he just did!!!
[DiddyKong] Jester real fast before you continue. I was wondering the relevance of this topic, but now it makes sense...
[LuckyB] they already have Egg on our governments faces
[DiddyKong] Ministers meet at FAO to discuss role of commodity markets - http://www.fao.org/news/story/en/item/253422/icode/
[DiddyKong] 6 October 2014, Rome - Governments ought to review the way international agricultural commodity markets are governed, FAO Director-General José Graziano da Silva told ministers from around the world gathered for a meeting on the subject Monday
[Jester] DiddyKong THANKS... I AM TRYING TO MAKE IT WORK... HAHAHAHAHA
[DiddyKong] Thats all. Please continue Jester
[Jester] DiddyKong FOR SURE... THANK YOU...
[DiddyKong] Jester lol I was refering to something I read earlier. You doing GREAT!
[Jester] NOW THE QUESTION IS CAN THEY MAKE IS STICK... AND FOR THAT MATTER... WHO HAS THE BIGGEST STICK... THIS WILL NOT MAKE YOU SLEEP EASIER...
[Jester] For the first time, Russia has more deployed nuclear warheads than U.S.
[Jester] For the first time, Russia, which is in the midst of a major strategic nuclear modernization, has more deployed nuclear warheads than the United States, according to the latest numbers released by the State Department.
[Jester] The warhead count for the Russians, based the Sept. 1 report required under the 2010 New Strategic Arms Reduction Treaty (START), shows an increase of 131 warheads since the last declaration on March 1. The U.S. reported a warhead increase of 57 during the same period. It is not clear why the warhead numbers increased.
[Jester] CHECK IT OUT...
[Jester] NOW... KEEP THIS REAL IMPORTANT FACT IN MIND WHEN YOU ARE THINKING ABOUT THAT...
[Jester] THAT IS JUST RUSSIA...
[Jester] AND THEY ARE FRIENDS WITH?
[DiddyKong] Ya blowing my mind Jester HAHAHA
[Jester] DiddyKong JUST THE FACT MA'AM... JUST THE FACTS... HAHAHAHAHA
[DiddyKong] Jester lol
[Jester] NOW... ONE MORE ARTICLE AND I WILL LET YOU GO...
[Jester] Will Gold Crash with the Dow… or Soar?
[Jester] In 2008, we projected that the crash in the market was in fact a mini-crash and that the day would come when a more major crash would occur—one that reflected the level of debt. In recent months, this prognostication has been gaining traction—that a second, more severe crash is inevitable.
[Jester] There are two primary camps amongst economists with regard to the economic direction that a crash will generate: inflationists and deflationists.
[Jester] Inflationists tend to feel that the governments of the world that are now in debt over their heads will do what governments always do in such a situation. Rather than get off the monetary heroin, they will instead increase the dosage. Inflation will then ramp up dramatically, eventually causing collapses in currencies.
[Jester] Deflationists, on the other hand, argue that when there is a market crash, there will be deflation. And since the debt level is so great, the severity of the deflation will likewise be great.
[Jester] ENTER REALITY... IN MY OPINION...
[Jester] The argument goes back and forth, yet there seems to be the misconception that one must be either an inflationist or deflationist. This is not at all the case.
[Jester] Recently, there have been vehement arguments from some very notable people in the deflationist camp that we shall soon see major drops in the Dow—first to 6000, then to 3300. They feel that, as this occurs, there will be a further real estate crash, gold will sink to $750, and unemployment will go through the roof.
[Jester] THE BANANA REPUBLIC...
[Jester] Inflationists will inevitably reply that, in the event of a crash, the central governments will print money like never before, as soon as there is even a whiff of deflation. (Their argument is strongly supported by the repeated confirmations by the previous chairman of the US Federal Reserve, Ben Bernanke, that no deflation will be acceptable to the Fed, that they will indeed print as much as it takes to counteract any possible deflation.)
[Jester] However, each camp is overlooking a significant factor. The deflationist reasoning tends to lead up to the occurrence of deflation… and then stops. They rarely comment on what happens next: the influx of newly-created currency units.
[Jester] The inflationists overlook the fact that, when a major crash occurs, it happens suddenly and when it occurs, it carries other markets with it. No amount of monetary printing can react quickly enough to simply cancel out the precipitous deflationary force of a crash. All that can be hoped for by the Fed and others in their situation is that they “play catch-up” as quickly as possible—injecting money into general circulation (not just crediting it to the banks, as they are now doing) to reverse the deflation and to hopefully return to “controlled” inflation.
[LuckyB] they keep watering down the currency we will all drown
[Jester] WE'VE SURELY SEEN THE EFFECTS OF THAT... I KNOW I HAVE...
[Jester] Are we headed for a crash in the stock market? Almost certainly, and probably a more severe one than in 2008.
[Jester] Are we headed for dramatic inflation or even hyperinflation? Again, almost certainly.
[Jester] So what will this look like? How will it play out? Consider the following as an order of immediate events (in brief form):
[Jester] THIS IS THE IMPORTANT STUFF YOU NEED TO KNOW TO BE READY... PAY ATTENTION...
[Jester] 1. The Dow crashes, in downward lurches, interspaced with false recoveries.
[Jester] 2. As the crash unfolds, we will see innumerable people who bought on margin selling everything to cover their losses. (If they hold gold or gold stocks, these will be sacrificed even if the holders remain confident about gold. Their goal will be to cover immediate losses, at whatever cost.)
[Jester] 3. Due to the dramatic selloff in gold, the price of gold plummets.
[Jester] WONDER WHO WILL BE BUYING THAT UP... JUST SAYING... BUT I DIGRESS AGAIN... TO CONTINUE...
[Jester] This is the deflationist argument and it is a logical one. (Popular estimates for the gold price are between $1000 and $750 as a potential floor.)
[Jester] But this scenario rings true only if all those who hold gold are forced to sell.
[Jester] What could actually happen might be similar to what we have seen with the unraveling of paper gold—that the development only serves to encourage those who understand gold to buy all they can. This serves to create a floor for the gold price.
[LuckyB] the flate currency crashes . they drop the gold prices and bric's Gobbles all the gold they can
[Jester] There may well be sudden downward spikes that would tend to prove deflationists right, but as we now live in an electronic age, the turnaround by purchasers will be almost as quick as the crashes themselves. It may be that we will see sudden precipitous drops in gold, followed by immediate rises in purchasing—a real rodeo ride.
[Jester] It is entirely possible that gold stocks will stay down longer than the gold price, and some (otherwise viable) companies may even go into liquidation. However, gold itself will not drop to $750 and stay there, as deflationists imply. More to the point, its recovery may be quite swift.
[Jester] The market is experiencing a divide that didn’t exist before. Until recently, there have been many people (millions) who misunderstood gold, treating it like a stock. Many of those people are disappearing from the market (having been washed out by the paper gold failure), and soon, most of those who are still in gold will be those who understand it. The higher the percentage of gold ownership that is in their hands, the more solid the floor.
[Jester] Whatever that floor may prove to be, gold will stabilize. Then, inevitable inflation will cause renewed interest in gold by the misinformed, as it begins its inflationary rise. By the time gold passes $2000, the misinformed will be falling all over each other to get back in—still not understanding gold, but desperate to ride the coattails of “a winner.” It would be at this point that we would go into a period of dramatic inflation, with a concurrent gold mania.
[Jester] Whatever level of drop gold experiences as a result of deflation, gold will rise up from it like a phoenix—long before other asset classes rise.
[Jester] I LOVE THAT PHOENIX THING... JUST SAYING...
[Jester] In fact, it will lead the pack.
[Jester] The question for the investor should not be whether we shall see inflation or deflation. We shall see both. The rodeo is underway and we are, whether we wish to be or not, in the saddle of the bronc. Soon, the chute will open and he’ll start bucking for all he’s worth. When he does, it will matter little whether he bucks to the left or to the right. The only objective should be to ride it out.
[Jester] In investment terms, what this means is that we need to have avoided those investments that are most greatly at risk and have chosen instead those investments that are likely to be intact when the ride is over.
[Jester] If we have loaded up on precious metals, in truth, it matters little if gold drops to $1000 or (gulp) to $750 as deflationists have predicted. All that will matter is whether we have had the fortitude to stay in the saddle until the ride comes to an end.
[MotoXR] Jester so is that what the Cabel is holding on to,The end game ? Crash everyone/everything and collect it up for themselves?
[Jester] Gold is inherently an international asset because it is disconnected from any government and its value is universally recognized everywhere in the world. Buying some is perhaps the easiest step you can take toward internationalizing your savings. The next step is to store your gold in a safe foreign jurisdiction.
[Jester] SO THERE YOU HAVE IT... HERE IS THE ARTICLE IF YOU LIKE TO READ IT YOURSELF AND FOR MORE INFO...
[Jester] WHEW... THAT WAS A LOT OF INFO FOR ONE NIGHT...
[DiddyKong] Jester yeah way to end the night while busting everybody's head! HAHAHAHA
[Jester] I BEEN GONE A LITTLE WHILE BUT I DO NOT STOP LOOKING...
[DiddyKong] RV/GCR? lol Jester you cannot spell it out any clearer.
[Jester] DiddyKong ISN'T THAT THE TRUTH... THE HANDWRITING IS ON THE WALL IN RED LIPSTICK... I CANNOT IMAGINE WHY SO MANY PEOPLE FIND IT SO HARD TO SEE...
[pokerbrat] Jester the hard look and the hard. O did promise change
[MotoXR] Jester /diddykong what do you think iyo the timeframe is?
[LuckyB] Pokerbrat yes he did but he didnt promise it would be good now did he
[DiddyKong] MotoXR smack HAHAHA. This is an event to play out. Like predicting the big one in Cali or Yellowstone to blow. You see the signs, but do not know when it will happen.
[MotoXR] DiddyKong Ok thanks i can see that
[Jester] MotoXR I PREDICT IT WILL TAKE UNTIL THE IDIOTS WE HAVE IN POWER FINALLY REALIZE THAT THEY ARE NOT AS SMART AS THEY THINK THEY ARE... DO NOT HAVE AS MUCH POWER AS THEY THINK THEY DO... AND BACK PEDDLE TO SAVE THEIR BUTTS BEFORE IT ALL IMPLODES ON THEM...
[Jester] WELL I KNOW I KEPT EVERYONE OVER LATE... THANKS FOR STAYING... AND I HOPE THE INFO WAS WORTH IT...
[DiddyKong] Let this night go down in history as "One of the Greatest Night of Real Info"
[Jester] I THINK THE IMPORTANT THING TO NOTE IS THIS.... IT IS ALREADY APPARENT THAT THE US HAS FOR ALL THIS TIME TRIED TO CONTROL THE WORLD... AND WHAT YOU ARE SEEING IS A WORLD SICK OF THAT AND DOING SOMETHING ABOUT IT...
[DiddyKong] We're the conceited and stuck up girlfriend in the relationship. HAHAHA. Looks like boyfriend is out finding a new fling HAHAAHHA
[Jester] AND TO TELL THE TRUTH... I THINK THEY ARE GOING TO BE SUCCESSFUL... SO WE MAY HAVE A TOUGH RIDE... GET YOUR STUFF READY...
[Hannah] DiddyKong Great analogy
[Jester] OK... 2 MINUTES.. EVERYONE IS TIRED... MODS.. THANK YOU FOR HANGING TOUGH FOR OVERTIME... I APPRECIATE THAT...
[MotoXR] Jester we just have to get thru to the other side!! Should be much better ride!!
[DiddyKong] Jester lol now who will we talk to about our problems? HAHAHA Guess we got to learn to be more humble and open to the culture and opinions of others HAHAHAHA. Ahhhh..... what a great night this is.
[Jester] SO WE WILL SEE YOU TOMORROW... TAKE IT EASY AND BUY AN EXTRA CAN OF SOUP AT THE STORE... HAHAHAHAH
[Jester] DiddyKong YOU CAN GET A 24 PACK FOR $5 AT THE WAL MART... I HAVE A FEW PUT BACK... HAHAHAHAH
[Jester] NIGHT NIGHT EVERYONE...