Posted on 01/28/2008 9:34:48 PM PST by TigerLikesRooster
At least the reporter is not insane.:-)
Ping!
“not insane”
Incorrect, it’s Pravda (same attention to fact as the Weekly World News and Batboy) plus the idjit thinks that the gold standard would work. This is impossible, since there isn’t enough of the element in the entire solar system to back the current economic activity of the world - much less ANY growth.
Gold standard = insane or mathematically/economically ignorant.
These DNC memos are a hoot!
Stopped reading right there.
When that model of “stability” repays me the 40k+ that they owe me on defaulted government bonds, then I will read further.
Providing nuclear material to the wackos in Iran is a good start.
Under Putin, Russia is certainly moving back towards the Soviet Union model of government.
Mark
It's important that we not forget how dangerous this man is... Remember that he nearly wrecked the Bank of England, and he's personally responsible for a number of currency crises around the world.
Mark
I imagine that there are a number of people who have placed a price on his crazed head.
Russia WON’T save the world from crisis, it wants to start them.
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“Russia WON’T save the world from crisis, it wants to start them.”
and profit off them.
“Russia announced on 24 July that it was recalling all rubles printed prior to 1993, and would redeem them for “new” rubles only up to a cash limit.”
http://www.unc.edu/~pconway/teccours/lari.htm
The Central Bank of Russia (CBR) has shown a two-week loss in its gold and foreign currency reserves for the first time this year. Reserves held in Moscow fell to $413.8 billion on August 24th, a loss of $900 million on its previous value.
Russian daily the Kommersant suggested a possible reason for the decline to be an aggressive intervention strategy by the central bank in order to prevent ruble depreciation. The country’s sell-off widened the gap between its foreign exchange reserves and leading global reserves in China and Japan, with Chinese holdings now exceeding $1.33 trillion, mostly in US Treasury debt.
31 Aug 1997
http://goldnews.bullionvault.com/Goldbug/gold_general/russia_selling_off_gold_reserves_18263693
Papers evolve. For those not paying attention, and there’s no reason you should, Pravda, for a number of years, has been the American version of the Weekly World News.
A recent headline story had bears rolling boulders onto cars driving on a mountain highway, and Russia’s No. 1 bear hunter had been dispatched to solve the problem.
Then we had the report of young girls dressing in Kris Kringle suits bombing businesses.
And it goes on and on....
Sorry, the date for the selling of gold was 31 Aug 2007, not 1997 ;-)
“island of stability in the sea of the world crisis.””
Unless you live in an apt complex targeted by the KGB.
http://www.amazon.com/Blowing-Up-Russia-Secret-Terror/dp/1594032017
I bet they never cook the books either. /sarcasm
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