Military Review

The March "default" of America: the country will save Jack Lew

67
The March "default" of America: the country will save Jack LewWestern predictions about the imminent collapse of the dollar. - Greek way for America? - In the global financial game, everyone puts on gold. - Who will save the US economy? Mr. Obama knows the answer: a new finance minister, Jack Lew, will help out his homeland. - Above 16,6 trillion The US government debt ceiling will not rise: Lew will agree on this with Congress.


In recent weeks, there have been a proliferation of forecasts about the imminent collapse of the dollar and its replacement with some other currency (or special drawing rights - a basket of currencies, on which Mr. Soros is a big fan of the IMF’s activities). Sources of gloomy forecasts - Western media and blogs, American and European. Amateur authors and experienced analysts, one and all, unanimously predict the inevitable collapse of pale green money, and immediately speculate that it will replace the dollars. Many look at Russia: why is she buying so much gold in recent years? Should we take an example from her? Other authors talk about how to survive a new world without a dollar.

In the Global Europe Anticipation Bulletin (GEAB), published in the European Union, analysts reason about the reorganization of the world on some new beginnings to be taken in connection with the coming dollar collapse.

The terrible crisis of the US dollar, say the authors of the material, will force the world to completely transform the structures of global governance. We should start with changes in the international monetary system: otherwise, it will be impossible to prevent a storm, which is ready to strike at the most different currencies. One trouble: such a reorganization will have to be carried out in a hurry - after all, it will start storming from March to June.

However, the old world is not going to give in to the new. Well-read authors even quote Gramsci: “The old world is dying off, and the new world is fighting for its birth — the time of monsters comes.” The monsters will not calm down in any way, GEAB analysts write in their press release.

The main question here is that it is not just about dollars, but about petrodollars as the primary elements of American economic domination. In fact, oil in this case turns out to be a global problem. The world economy faces the ninth wave of the crisis. And it is foreshadowed by smaller waves.

Today, the world economy is shaken by “currency wars”: they have not only a financial, but also a political dimension. In essence, they are crushing faith in mutually beneficial relations between states.

The second major wave is the problem of a budget agreement between Democrats and Republicans in the US Senate. Here we are talking about the unpopular increase in taxes, and the sovereign debt ceiling, and the “default”, which breaks out, if not in March, so in May.

The third wave is the likely decline in GDP in the first quarter of 2013. The recession will be caused not only by the general crisis, but also by the fact that few days of economic activity in the north-east of the country were lost due to the Nemo blizzard and the flu epidemic.

Of course, psychological expectations will also have an effect. To quell this fourth wave, a dam was built: the credit rating agency Egan Jones, which is less biased than the three Big Brothers (one of whom has downgraded the United States to 'AA-' three times), For 18 months it was forbidden to assess the country's rating. And of the three major agencies, S&P - the only one that dared to downgrade the United States - was targeted. Others can only look under their feet, European observers sarcastically note.

The following waves are rolling too. World finance insiders have already made huge short bets with an expiration date at the end of April 2013. Examples: two Swiss banks are changing their legal form - so that their co-owners do not bear personal responsibility for damages. It is also known that Eric Schmidt sold the shares of Google to 2,5 billion dollars.

And then there is the US government: by all indications, it is clearly waiting for chaos in the country. It is armed to the teeth of the Ministry of Homeland Security: the assault rifles alone have bought 7 thousands. Recently, Obama signed a law allowing the execution of Americans, representing the "imminent threat." Society grumbles, but the president doesn’t care.

A special wave, foreshadowing the ninth wave, will be the bankruptcy of many US banks. And the government will not be able to save them: the crisis will be implemented in the so-called “Icelandic style”: the rescue of drowning people will be provided by the drowning people themselves. Banks can go to the bottom or flounder: all this is their personal grief. Real market economy, what do you want?

By the way, judging by the recovery of Iceland, such a “cool” solution looks on the scale of the country much more effective than state support programs. In addition, support simply has nothing to pay.

But, European economists sum up, whatever the management policy, the new crisis strike will accelerate the loss of its influence in the world by the United States. "Absolute weapon"- the dollar - will become useless.

Money News Browser Glenn Kalinocki пишетthat the share of the dollar in the total supply of currency in the world is decreasing. The dollar share fell to a 15-year low. The reason, according to IMF experts, is in the readiness of countries to use other currencies in their trade.

“Generally speaking, the overwhelming majority do not believe that the US dollar will lose its role,” said Dick Bove, vice president of stock market analysis for the dealer company Rafferty Capital Markets. “But this will happen, and perhaps in the shortest possible time, years through 5-10.”


Presumably, this is quite an optimistic forecast. After all, the share of the dollar in the global supply of money has really dropped a lot - from almost 90% in 1952 to about 15% today. The same Bove indicates that "the Chinese yuan, the yen and the euro have a large share in this amount."

And now the United States will lose in the currency battle as much as China’s share of its currency in the world market will manage to increase.

“If the dollar loses the status of the most reliable currency in the world, the United States will lose the right to print money to pay its debt,” explains Bove. - You will have to pay. Rating agencies have already launched a discussion, arguing that the government’s debt is probably too overvalued. The US Congress, both chambers, as well as the president himself, are experiencing a crisis of loss of financial confidence. ”


The struggle for budget sequestration only heightens concerns about maintaining financial stability in the United States.

Barry Eichengreen, a professor at the University of California, warns that if the dollar, as a key currency, cannot maintain the security expected by investors, it will not be able to function as a stable security. It will immediately lose its attractiveness as a form of storage of international reserves.

Loss of reserve currency status by the dollar, dollar depreciation (which will certainly cause currency wars and disruption of trade relations), according to the chief editor of Fortune magazine Alan Sloan, will block America’s channels for sucking money out of the whole world, which allows the White House to “not bother with balancing accounts”.

February 27 Finmarket an extensive material was published under the heading "The United States will take the path of Greece and bring down the dollar." The article is based on analysts scenario of the debt crisis in the United States, developed by Frederick Mishkin, a professor at Columbia Business School. According to him, if American politicians fail to reduce the budget deficit, by the year 2018 the States will fall into a crisis of the Greek type. In this case, the Fed will have nothing to do but to bring down the dollar: with the help of high inflation a “hidden default” will be held. Moreover, the risk group today is not only the United States, but also Japan and the countries of Europe. According to the latest theory of American economists, the debt and budget crisis is inevitable for countries with public debt above 80% of GDP and a constant current account deficit. Even Germany and France get here. As for the United States, they can get into a crisis like the Greek in 2018, if politicians do not succeed in urgently reducing the budget deficit.

The professor and his staff calculated what the country's budget surplus should be in order to stop the growth of public debt. If this indicator is far from the average historical value for the country, then the state sooner or later will have to pay a risk premium to lenders. If the situation with the budget deficit fails to normalize for a long time, then investors begin to fear either high inflation, which will reduce the real payments to them, or a “default”. They are asking for more and more risk premium. This happened in Greece: lenders did not believe that the deficit could ever be reduced without leaving the eurozone and inflation.

So with regard to the United States, the main risk is high inflation. With its help, the authorities can accelerate the growth of nominal GDP and not reduce real payments on debt obligations. However, forecasts do not take into account the likely sharp rise in the cost of borrowing.

According to Mishkin, national debt at the level of 90-100% of GDP significantly slows down economic growth. Negative effects begin to be felt already when the ratio reaches 70-80% of GDP. And each percentage point of the growth of the budget deficit in relation to GDP increases the cost of borrowing on 4,5 bank percent.

“If the current account of the country is absolutely balanced, but the national debt has grown from 0% of GDP to 40%, in this case, the rates on public debt will increase by just 44 b. But if the national debt rose to 80% of GDP, then the rates will increase by 109 bp Growing another 40% of GDP will add another 174 bp to yield.

If the country also has problems with the current account deficit, the debt crisis will develop much faster. For example, if the average account deficit for five years amounted to 2,5% of GDP, the growth of public debt from zero to 120% of GDP will lead to an increase in rates on 517 bp. And the bigger the deficit, the faster the profitability grows. ”


The professor figured out that, for example, Ireland, Italy and Japan needed a surplus above 4% of GDP. But Portugal has a national debt above 100% of GDP, and the cost of borrowing is 11%. So that the debt does not grow, Portugal needs a surplus already in 9% of GDP! You can stop the growth of US public debt if you reduce the budget deficit to 1,8% of GDP from last year’s 7,8%.

It would seem that the United States is not so bad financial affairs. But there is one interesting "but", thanks to which the United States can become a "giant Greece."

Economists deal with a unique case: the US national debt in 2011 amounted to 103% of GDP, while the cost of borrowing remained record low. Now it is about 1,4%, and a quarter of the debt is expressed in bills with a maturity of one year or less, and the coupon rate on them is zero. The explanation of such low rates on US debt: historically, the dollar is the reserve currency, and investors are forced to buy dollar-denominated government bonds. There is another explanation: if you do not take into account the portion of the debt owned by US government funds, the national debt of the country would be only 80% of GDP.

But in the coming years, debt will grow. The Congressional Budget Office predicts that it will grow to 107% of GDP in 2014. From here the cost of servicing the debt will go up.

The USA will overtake the budget crisis, believes prof. Mishkin. In the long term 25, the US national debt will grow to 176% of GDP. The Congressional Budget Office makes a smaller growth forecast: up to 159%.

“Unless imports slow down and the current account deficit rises to“historical»3,7% of GDP, then by 2037 the US national debt will be 180% of GDP.

... If the sequestration assigned to 1 in March is canceled, and unemployment does not fall below 6%, then the ratio of government debt to GDP to 2037 will reach 304% of GDP. The United States will repeat the experience of Greece - the yield on the country's bonds will soar to 25% of GDP. ”


And the Fed here will not save the government. The Fed will have to get rid of the paper purchased under the "quantitative easing." Today, the income from their ownership of the Fed transfers to the Treasury, which, by the way, is a source of budget replenishment. But in the 2017-2018 years, according to the calculations of the professor, it will dry up: after all, the Fed will begin selling assets in the 2015 year (according to Mishkin).

The professor is inclined to think about the upcoming “monetization” of the US debt - that is, the dollar depreciation through inflation caused by the usual printing of money. This can be avoided only by the consent of the government to reduce costs. In the US, the cause of "monetization" of debt may be the constant deficit of the federal budget and the apparent unwillingness of politicians to develop a plan to reduce it. If the White House does not succeed in breaking the political stalemate, a debt crisis will inevitably begin in the country. The Fed will have nothing left, Mishkin believes, and it will have to "monetize" the national debt, thereby bringing down the dollar and moving along the Greek scenario.

Against the background of a slow, but “confident” movement of the dollar to collapse, gold is becoming more expensive in the world. it is twelfth year in a row. Investments in pure gold in 2012 amounted to 354 tons versus 103 tons in 2011. Silver is bought in the world. The American Mint was forced to suspend the sale of silver coins: they ended up in stock due to unprecedented high demand.

In America, bad things are not only with silver, but also with gold.

Recently, the US Treasury published the results of the year 2010 conducted an audit of its gold reserves held at the Fed Reserve (New York). The most noteworthy discovery in this report was that the United States held a total of 34.021 gold bars of high quality on the deposit of the New York Fed.

It can be calculated that the Department of the Treasury has recognized that the actual gold reserves in the Treasury at the Fed are only 466,57 tons (instead of the officially declared 8133,5 t). True, the Treasury (according to him) stores gold in Fort Knox - but only up to half of the reserves.

In addition, in the Los Angeles Times, it’s not in vain to write:

“It is worth noting that it would be nice to invite Germans or Swiss as a third party to the audit, rather than conduct a strictly private internal audit. Another problem is that the Treasury Department completely ignores loans and re-pledges of physical gold bars stored in the central bank. Tungsten in gold bullion is only part of the problem ... "


Analysts believe that "the publication of the results of the" golden "audit of the Treasury Department" is "extremely timely" and smacks of a desperate attempt to restore the loss of confidence in them from the central banks of the world. "

Meanwhile, Russia is accelerating. is buying up gold. Over the past ten years, the Central Bank of Russia has acquired 570 T of this precious metal: it is three times the mass of the American Statue of Liberty and a quarter more than the volume of purchases by China, which took second place after Russia.

As a matter of fact, in terms of gold reserves, Russia is only at the eighth position, and China is at the sixth position. Most of all gold in the United States is more than 8 thousand tons. For the States are Germany with 3,391 thousand tons and the IMF with an indicator of 2,814 thousand tons. Fourth, fifth and seventh positions are occupied by Italy, France, Switzerland.

The “gold rush”, accompanied by the decision of Germany to return part of the gold from America “home,” is very sad for the US Treasury. However, investing in gold is extremely profitable. In 2005, its cost was 495 $ per troy ounce, and in 2013, it is around 1665 $ per ounce.

Russia also has natural reserves of a valuable metal. In 2012, gold production in the Russian Federation, according to the US Geological Survey, amounted to 205 tons.

Russian market analysts are expecting the consequences that Ben Bernanke’s speech might bring, which will try reassure markets with statements about the need to continue implementing the “quantitative easing” program. The speech of the head of the Federal Reserve can play against the dollar in the medium term.

Accordingly, it is possible to predict the preservation and growth of the price of gold, as well as the active buying up of precious metals by central banks of different countries, including those that are called "developing" in the United States.

What about all this doing the United States? How to solve the problem of public debt and budget deficit? How to keep the dollar among the key currencies? Barack Obama has come up with only one thing: appoint Mr. Lew to the post of Minister of Finance.

February 28 стало известноthat the US Senate approved Jack Lew for the post of new head of the Ministry of Finance. 71 senator voted for his candidacy, against - 26.

Obama probably believes that Lew is the one who will save America. “His reputation as a financial expert who can work with leaders of both parties has already helped him succeed in some of the most difficult positions in Washington,” the US president said. Thus, Lew is assigned the role of intermediary between Republicans and Democrats in Congress, who argue about cost-cutting measures: after all, “automatic sequestration” will cut 85 billion dollars from the budget by the end of the year. And by 2022, spending should be reduced by 1,2 trillion dollars.

The most urgent task for Lew will be to find a compromise to reduce the strength of the economic blow in the amount of 85 billion. Compromise must be found no later than 1 March. However, the funds for most government operations end not March 1, but March 27. As for the borrowing ceiling, the US government is expected to reach it on May 19. This day may become the day of "default": it will take place, unless a budget agreement is reached between the Republicans and the Democrats, as a result of which the ceiling can be raised again.

Lew is likely to take the lead in difficult negotiations with Congress to cut the US budget deficit and keep the national debt ceiling at $ 16.600 billion.

The new finance minister is optimistic and even promised to put pressure on the second largest economy in the world - the Chinese. Lew and Obama do not like the fact that China is weakening its currency, which allows it to benefit from foreign trade. Meanwhile, the artificially low value of the yuan causes damage to US companies.

Whether Jack Lew will succeed in solving those large-scale tasks - control over the state debt, reduction of the budget deficit, victory in the currency war with the Chinese - which he took upon himself, we do not undertake to judge. One thing is clear: American finance ministers lived with these growing problems until Lew, successfully postponing their decision for the future. Lew was in the last chain: move further - nowhere.

Observed and translated by Oleg Chuvakin
- especially for topwar.ru
67 comments
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  1. vadson
    vadson 1 March 2013 09: 29
    +19
    I hope their Obama Gorbachev with all the consequences
    1. Asgard
      Asgard 1 March 2013 09: 44
      +5
      Everything will be sad and bloody there ....
      The country will collapse at once, "dreams" will collapse, civilian guns will speak, and the military will destroy both the government and the state ...
      1. Nevsky
        Nevsky 1 March 2013 09: 58
        +4
        am it will be all sad and bloody ....
        The country will collapse at once, "dreams" will collapse, civilian guns will speak, and the military will destroy both power and the state ...


        According to Stanislavsky - I do not believe! I also want and expect the collapse of the Anglo-Saxon world, and in particular the United States. I am aware of the utopian nature of their economy, but I do not believe that this will happen. Yesterday someone demotivator "Brother" 1997 exhibited, where Danila: "Soon your America kirdyk" So how much time has passed since 1997? Alas, they are still the wizards of world money. angry
        1. nickname 1 and 2
          nickname 1 and 2 1 March 2013 12: 00
          +9
          Nevsky,
          Quote: Nevsky
          I do not believe!

          And who believed that there would be a "tagged" one who would destroy the USSR?
          Someone could say (even jokingly) that this KGB shnaya colossus would turn out to be a shadow?


          I hope there is a "tagged one" for these clowns too!

          I have to! Oh, how to!
        2. djon3volta
          djon3volta 1 March 2013 13: 12
          0
          Quote: Nevsky
          but I do not believe that this will happen.

          none of us believed that the USSR would collapse, but it took and collapsed due to various events and circumstances. why do you think that the United States will not collapse? The United States may collapse tomorrow for the whole world, like September 11! planes crash or let the us authorities themselves carry out a terrorist attack, but did anyone believe that these two skyscrapers would collapse so beautifully? I understand people died, but the collapse was beautiful, agree? fellow
        3. rolik
          rolik 1 March 2013 17: 18
          0
          Quote: Nevsky
          So how much time has passed since 1997?

          Less than a billionth of a second, on a historical scale. In economic terms, also a very small period of time.
      2. TiRex
        TiRex 1 March 2013 12: 47
        0
        together with their kirdyk, the kirdyk will less affect Europe and us, but it will be enough for us, the crisis of 2007 will seem like "seeds" ...
        1. djon3volta
          djon3volta 1 March 2013 13: 17
          0
          Quote: TiRex
          less will affect both Europe and us

          but so what? But maybe Alaska will secede and join Russia, all nuclear weapons located there will go under Russian control, the poor Americans will begin to rob their country by creating color and black and taking it to Russia wassat
          1. vadson
            vadson 1 March 2013 15: 45
            +2
            Surround the very problems with the Far East in bulk, which, to Alaska, although it certainly would not hurt us. They (the inhabitants of Alaska) will most likely fall under China, and they will help to master them, and even the winged ones are the same :-)
        2. Bashkaus
          Bashkaus 1 March 2013 16: 40
          +3
          Answering comments like "they are hard and we will not seem a little" I always draw your attention to the fact that these are not the words of warriors, not of those who are ready for battles.
          America is our geopolitical enemy and the DOT!
          And if she is an enemy, then she must be fought without fear of losing or getting a fingal under her eye.
          YES, maybe it will be hard for us, but we must endure it, survive for the sake of victory, otherwise we will become the same vulture parasites who are not capable of fighting, but only humus feeding
      3. rolik
        rolik 1 March 2013 17: 15
        +1
        “The old world is dying, and the new world is fighting for its birth - the time is coming for monsters”
        A bit not for sure. One big monster of the USA dies, and after it the environment that it created. Therefore, it clings to the last blades of grass, makes a convulsive movement, trying not to die. It is necessary to be humane people and to shoot this reptile out of mercy, otherwise the corpse that is not tidied up, will decompose all over the world and will stink.
      4. Follow us
        Follow us 1 March 2013 20: 55
        0
        If only it would not spread to us.
    2. ShturmKGB
      ShturmKGB 1 March 2013 10: 12
      +6
      It is annoying that the rules "for all" are not enforced by the United States itself, "rating agencies are prohibited from evaluating the US economy," and is it possible to smash other economies and lower them below the floor? This is unfair and the US deserves punishment!
      1. sergeybulkin
        sergeybulkin 1 March 2013 10: 23
        +7
        What justice is there to talk about. The entire capitalist economy is not built on justice, the lack of justice is its foundation, foundation. If the capitalist economy is made fair (I fantasize) then socialism will turn out. No.
      2. Arget
        Arget 1 March 2013 19: 37
        +1
        Well, they will punish themselves am
  2. Alexander Romanov
    Alexander Romanov 1 March 2013 09: 33
    +3
    Lbyu rather appointed to the position of scapegoat than savior. Looking at what is happening in the United States, it seems to me that they are deliberately authorizing the sequestration. In this way, lower markets and prevent the economic growth and influence of other countries.
    Everyone understands that sooner or later the United States will come to a complete standstill, although not everything is there. Not long ago, Karish wrote in one of his posts that the United States overcame the crisis laughing What can I say, blessed is the believer laughing
    1. vorobey
      vorobey 1 March 2013 09: 44
      +3
      Quote: Alexander Romanov
      Liu was appointed as a scapegoat rather than a savior


      Lew will pour ingots rather.
    2. Kaa
      Kaa 1 March 2013 10: 57
      +3
      Quote: Alexander Romanov
      Lbyu appointed as a scapegoat rather than a savior

      No, I'm calm now. The world will be saved ... for at least one nationality: "The appointment of a religious Jew, Jacob Liu as head of the White House administration, has been welcomed by Jewish organizations in the United States." We are proud to have a member of our community in such a high position, and we wish him success in the service of the President and the people of the United States - "Mazl Tov!" - Writes in a statement Stephen Berg, director of the Orthodox Union.
      “Jack is a great friend of Israel,” Ediot Ahronot said in an interview. Head of the Jewish Agency Nathan Sharansky. - When my wife Avital arrived in the USA, Jack Lew, then an adviser to Congressman O'Neill, helped her in the fight for my release from the Soviet prison. Subsequently, his house became the headquarters for organizing the largest “Let My People Go” demonstration in support of Soviet Jews in history, to which more than a quarter of a million people came to Washington. Judaism is one of the most important components of his life. Jack is one of the founders of the Jewish school in Washington, an active member of the synagogue. The question of his loyalty to the boss is not worth it - he will be loyal to the President of the United States and the American government. The question is whether Israel will be an abstraction for him, another point of the work plan that needs to be organized in accordance with the wishes of his boss, or is it something more. "
      I admit that personally, my appointment as Jack Lew caused concern. The head of the White House administration does not determine politics, but can become an instrument of pressure on the Jews and Israel in the hands of the president. With this question, I turned to Malcolm Henlein, vice president of the Conference of Presidents of the largest Jewish organizations in the United States.
      - The head of the presidential administration deals with domestic policy issues, the budget, helps the president to conduct a dialogue with Congress. It should be noted that Jack Lew enjoys special respect among the politicians of both parties, and his appointment to this post is the right choice for the president.
      Jack's son studied at the yeshiva "Peace" in Jerusalem, and this speaks volumes.
      “If a Jew makes a mistake, then all Jews are blamed.” Could Lew's appointment potentially carry the danger of increased anti-Semitism, in the event, of course, if he is accused of committing some kind of mistake?
      “So, out of fear of making a mistake, a Jew should never play football?” I believe that the appointment of Jack Lew to such a high post is an expression of respect for the Jewish community of the United States. The very fact that a Shabbat observer can lead the White House administration is a great achievement that clearly shows how successful a religious Jew can be in America.
      Well, one hopes that Jack Lew's appointment really will be for the good of America and Israel, In particular, contributing to the improvement and strengthening of relations between our countries. http://evreimir.com/73074/
      It was 17.01/2012. XNUMX, Obama’s election campaign has been funded - and now - payback for help - finances are left to the mercy ....
      PS A philosophical question - does a dog twist its tail, or a dog's tail? belay
      1. vorobey
        vorobey 1 March 2013 11: 12
        +1
        Quote: Kaa
        PS A philosophical question - does a dog twist its tail, or a dog's tail?


        Such questions on Friday? You would have asked on Monday.
      2. sergeybulkin
        sergeybulkin 1 March 2013 12: 17
        +1
        Quote: Kaa
        Jack Lew's appointment will indeed be for the good of America and Israel

        For the good of Israel for sure! But certainly not America, when the Jews did something for the benefit of not themselves?
    3. nickname 1 and 2
      nickname 1 and 2 1 March 2013 12: 10
      0
      Alexander Romanov,

      To our regret, these nonhumans will make so that EVERYONE has come back to the maximum!
      those. they will collapse, but they will pull everyone, and as a result, they will again be on top!

      Fortunately for them, everyone is clapping their ears! or put another pillow! those. rush to help "the poor ...."
  3. vorobey
    vorobey 1 March 2013 09: 41
    +12
    March is a good day. On the first day of March (scumbling)

    quote
    The USA has the most gold - more than 8 thousand tons. Germany is followed by the States with 3,391 thousand tons and the IMF with an indicator of 2,814 thousand tons. The fourth, fifth and seventh positions are occupied by Italy, France, Switzerland.

    And what about tungsten states?
    1. Mart
      1 March 2013 09: 44
      +1
      Quote: vorobey
      March is a good day. On the first day of March (scumbling)

      Good and to you, comrade! Hold the tail of a gun!
    2. vadson
      vadson 1 March 2013 09: 49
      +2
      They were probably most likely on the latter, I read an article about how the British invented this divorce for the divorce of our escaped aligarchs, Loshar, but the scam got out of control. So it’s unlikely that amers have at least some reserves of tungsten in gold
      1. Kubatai
        Kubatai 1 March 2013 10: 43
        +3
        Yeah .. and the tungsten went for sale to China ... rather they wanted to breed China and wanted to ... but it didn’t work out ..
        It can be calculated that the Department of the Treasury has recognized that the actual gold reserves in the Treasury at the Fed are only 466,57 tons (instead of the officially declared 8133,5 t). True, the Treasury (according to him) stores gold in Fort Knox - but only up to half of the reserves.

        by not tricky mathematical operations we get much less tons of gold than they claim ...
        "Where is Zin's money? Huh?"
    3. Alexander Romanov
      Alexander Romanov 1 March 2013 09: 52
      +2
      Quote: vorobey
      And what about tungsten states?

      First Sasha-First !!! More than 8000 thousand tons of tungsten wink
      1. vorobey
        vorobey 1 March 2013 09: 59
        +2
        Quote: Alexander Romanov
        First Sasha-First !!! More than 8000 thousand tons of tungsten

        Quote: Mart
        quote
        The USA has the most gold - more than 8 thousand tons. Germany is followed by the States with 3,391 thousand tons and the IMF with an indicator of 2,814 thousand tons. The fourth, fifth and seventh positions are occupied by Italy, France, Switzerland


        In the bottom line, we have Germany and Switzerland crossed out from the leading positions.
        1. Alexander Romanov
          Alexander Romanov 1 March 2013 10: 12
          +3
          Quote: vorobey
          In the bottom line, we have Germany and Switzerland crossed out from the leading positions.

          And what, it is impossible to put Russia in the first place winked Well, we have a lot of oil type, also gold, albeit black bully
          1. vorobey
            vorobey 1 March 2013 10: 55
            +2
            Quote: Alexander Romanov
            also gold, although black


            not then America is exactly on the first. They have a prezik - black gold.
  4. Vanek
    Vanek 1 March 2013 09: 59
    +2
    What did Danila say there?

    - Soon your kirdyk America.

    So in my opinion.

    And join in

    Quote: vorobey
    March is a good day. On the first day of March (scumbling)
  5. sergeybulkin
    sergeybulkin 1 March 2013 10: 06
    +3
    The worst thing is not defaults, budget deficits, bank failures. The most dangerous is the fall in the purchasing power of the population, which is almost never said! It is full of goods but nobody buys anything as there is no money! Enterprises do not sell manufactured goods, there is nothing to pay wages - as a result of layoffs, bankruptcies and the process of falling domestic demand is even more accelerated - it is growing like an avalanche, like a snowball. As a result, the entire population of the country instantly turns into beggars.
    This has already happened more than once in the USA in the 30s, in Russia in the 90s, now in Europe.
    They are all talking about budgets - national debts, falling production, it is understandable for bourgeois to worry only about their own pockets, this is normal, like "and we will go to the north ..."
  6. IRBIS
    IRBIS 1 March 2013 10: 15
    +3
    To paraphrase the classics:
    - What can save us from default? Only theft!
    - Everything has already been stolen before us !!!
    - And we will steal from others!
    They will find a way, they have been preparing it for themselves for a long time. And they will stop at nothing ...
    1. Alexander Romanov
      Alexander Romanov 1 March 2013 10: 23
      +2
      Quote: IRBIS
      They will find a way, they have been preparing it for themselves for a long time. And they will stop at nothing ...

      Hi Sanya! Naturally they’ll find, or rather, have already found. To stay the world leaders and save the dollar, you need to shake the world economy thoroughly and blame everything ........... (there are options here, anyone). But in any case, salvation warrior and it is desirable that the warrior lasts longer and more people are at war in it. hi
      1. IRBIS
        IRBIS 1 March 2013 10: 37
        +1
        Hello! Congratulations on Friday! And with the beginning of spring, still peaceful!
        Somewhere else, Feathered "flies", I wanted to congratulate him. Haven't seen it on the site?
        1. Alexander Romanov
          Alexander Romanov 1 March 2013 10: 45
          +1
          Quote: IRBIS
          Hello! Congratulations on Friday! And with the beginning of spring, still peaceful!

          Oh, mutually drinks
          Quote: IRBIS
          Did not meet on the site?

          Yes, I was here, counting the amount of tungsten in Fort Knox laughing
  7. Vanek
    Vanek 1 March 2013 10: 17
    +2
    Danila Bodrov was right when he talked about kirda. It has already begun !!! And do not stand by the side with which they were waiting:

    In Florida, a dog shot his master

    The gun hanging on the wall will eventually fire. And the gun lying next to the dog will fire even earlier. Florida resident Gregory Dale Lanier had the misfortune to see for himself

    Thirty-five-year-old Lanier was driving in his pickup truck on business. A pistol was lying on the floor of the car, and his dog was also lying there. At some point, the dog hit the gun with his paw, he shot and wounded Gregory in the leg, writes UPI. According to the victim, when he heard the roar and saw the smoke, he did not understand anything and realized what had happened only when he felt a burning sensation in his leg.

    Arriving at the scene, the police regarded the incident as an accident. Fortunately, Lanier was not seriously injured and, one might say, escaped with a slight fright. He himself explained to the police that he thought the gun was not loaded.
    1. botur
      botur 1 March 2013 10: 25
      +2
      Every dog ​​already understands that it’s time to finish with the pin .. wasps.
      1. AlNikolaich
        AlNikolaich 2 March 2013 01: 02
        0
        Quote: Vanek
        In Florida, a dog shot his master

        Yes, another Darwin Award candidate! By the way, among the winners of this award amers percent 80. How are they still not all killed in a funny way ?!
        It is amazing how the country of degenerates still claims to be something in terms of world domination.
  8. Kostyar
    Kostyar 1 March 2013 10: 21
    +2
    This is how the Yankees sooner or later have to pay for everything !!!
    The law of "sowing and reaping" has not yet been canceled, that you have sown once, then you reap today ...
    That's it, Lafa ended all the parasites in the fire ...
    1. Vanek
      Vanek 1 March 2013 10: 23
      +1
      Quote: Bone
      all parasites to the fire ...


      Dichlorvos am
  9. Ingvar
    Ingvar 1 March 2013 10: 22
    +1
    Arctic fox crept unnoticed ......
  10. Vladimirets
    Vladimirets 1 March 2013 10: 37
    +5
    "Obama recently signed legislation authorizing the execution of" imminent threat "Americans."

    Did I listen to the screams of European "humanists" or weren't there?
    1. anip
      anip 1 March 2013 11: 24
      +4
      In the most democratic country in the world, even if executions are carried out, it is only in the name of democracy, kindness and humanity. And then.
    2. Bashkaus
      Bashkaus 1 March 2013 16: 51
      0
      rehearsed on them)))
  11. patrianostra
    patrianostra 1 March 2013 10: 41
    +2
    what you argue about, amers will just turn on the printing press again, and all the FRS is a private bank organized by a morgon with 12 partners, the gold standard has not been considered by them for a long time, because someone is not happy with something there hi wassat
    1. Alexander Romanov
      Alexander Romanov 1 March 2013 10: 43
      0
      Quote: patrianostra
      they FSU that there is someone not happy with something

      We had one here, he also said, “I have a shot at crises ... now I’m running from creditors.”
      1. patrianostra
        patrianostra 1 March 2013 22: 09
        0
        I recommend reading Morgan's expression "let me print money and I will conquer the world" something like this. and on the account of bonds, look at the list of the main holders of these pieces of paper, but technical default is very beneficial for amers, they will not earn sour money on it the entire financial system for a very long time and was scrupulously sharpened under it, so we'll take a look. hi drinks
    2. vorobey
      vorobey 1 March 2013 10: 57
      +2
      Quote: patrianostra
      the gold standard has not been considered by them for a long time already because there someone is not satisfied with something


      Not really. bonds when they cease to buy back then and take back.
    3. anip
      anip 1 March 2013 11: 23
      0
      Yes, you can print wrappers as much as you like.
  12. Magadan
    Magadan 1 March 2013 11: 19
    +5
    Either the United States is taking another technological breakthrough, like the 90s (computers, the Internet, satellite-cellular communications, etc.), or everything is covered with a copper basin. The question is - will there be a breakthrough? Mikhail Leontyev believes very much in shale gas with oil, but to many it seems like another MMM JSC, which is paid for by the American greens, which in turn support the rest of the world. For me, the US technological breakthrough is likely, because if you pump so much dough into the invention of something new, then sooner or later this new will appear and turn into a commodity on which you can make good money and pay off debts. This is what the United States is betting on, and we, the rest of the world, pay for their investments in this "new" (shale development, 3-D printers, whatever), buying their dollars and Treasury bonds.
    It would be fair, after all, to bring down the United States, as the machinist state deserves. You can’t feed them further! You can’t keep Russia's reserves in the USA! The USA is not just a competitor. The USA is the enemy. In the sense of their state. And this state must be brought down. Ordinary Americans are a working nation and they will find ways to survive. But it’s worthwhile to strike at their top so that they forget how to parasitize the rest of the world
  13. anip
    anip 1 March 2013 11: 21
    -1
    A special wave, foreshadowing the ninth wave, will be the bankruptcy of many US banks. And the government will not be able to save them: the crisis will be implemented in the so-called “Icelandic style”: the rescue of drowning people will be provided by the drowning people themselves. Banks can go to the bottom or flounder: all this is their personal grief. Real market economy, what do you want?

    Indeed - a true market economy.
    I was always surprised when billions of state funds were poured into banks in the crisis of 2008 in Russia to save banks. If you’ve been yelling for 20 years, that, they say, the market, then save yourself, and moreover, budget funds.
    By the way, judging by the recovery of Iceland, such a “cool” solution looks on the scale of the country much more effective than state support programs. In addition, support simply has nothing to pay.

    By the way, as far as I remember, eReFia saved Iceland from bankruptcy by dumping it for free for 4 billion dollars. Yes, there are some loans for a meager percentage provided. } {yli, only from their population can they tear three skins.
    So, it seems that the United States will be turned away, but no, the Medveputes will sponsor, they will not be the first to sponsor either Iceland, Cyprus, Africa, from their last pants, but they will help strangers.
    1. Alan
      Alan 1 March 2013 21: 54
      0
      And what kind of country is this "eReFiya" ??? I know Russia and "eReFiya" does not. It should be more respectful to the country whose flag you have next to the "nickname" is not the flag of the government, but of the country in which you were born.
      1. anip
        anip 4 March 2013 13: 05
        0
        I was born in the USSR in 1965. And the USSR will always remain my Motherland in my heart.
  14. ziqzaq
    ziqzaq 1 March 2013 11: 25
    0
    Fedya Mishkin is our man. All the fuss around the sequestration is very theatrical performance reminds. Nevertheless, kirdyk is just around the corner .....
  15. Atrix
    Atrix 1 March 2013 12: 08
    -1
    the dog barks and the caravan goes
  16. Renat
    Renat 1 March 2013 12: 17
    0
    We have heard about the upper ceiling of the US national debt more than once. The dollar will die or not, in any case, the amers' emergency exit has long been ready. Only they are silent. At one time, such a currency as "amero" was heatedly discussed.
  17. megatherion
    megatherion 1 March 2013 12: 55
    +1
    http://mixednews.ru/archives/32044
  18. djon3volta
    djon3volta 1 March 2013 13: 07
    0
    By the way, what about the topic of stopping the Fed press, which supposedly took place on 23.12.2012/99/XNUMX? It seems like XNUMX years have passed ... and something is silent about this. Maybe there was a duck? If not, then I did not hear any news about the extension . Who knows? request
    1. TiRex
      TiRex 1 March 2013 13: 08
      +1
      nobody stopped anything
  19. Bambino
    Bambino 1 March 2013 15: 40
    +2
    As they say it is not yet evening, UWB will still roll out their piano from the bushes bully
    1. Bashkaus
      Bashkaus 1 March 2013 16: 56
      +1
      they’ll roll it out, only in my opinion the whole world has already got its nerves so high that it rolls this piano back to the Americans on the tonsils
    2. AlNikolaich
      AlNikolaich 2 March 2013 01: 24
      +1
      Quote: Bambino
      As they say it is not yet evening, UWB will still roll out their piano from the bushes

      No one doubts. Amer may enter the state for internal circulation. the currency provided by gold (yes, even tungsten), and the Fed will solve foreign economic issues with a printing press with green wrappers. Or, after the introduction of state money, in general, abandon the FRS dollar and not take it for payment ... Solve supposedly the issues with the Fed themselves, this is a private shop, and it has nothing to do with the US state! After all, the modern dollar is a religion, a sect, and its value is intangible. And based on the belief that it really has a significant value.
      In short ... endos can try to throw everyone in the world to get out of the swamp ... We must not let them do it!
  20. homosum20
    homosum20 1 March 2013 16: 16
    +4
    If I have to eat brown bread as a result, but at the same time the Americans will eat fresh grass - you can’t imagine how much pleasure I will eat with brown bread!
    1. AlNikolaich
      AlNikolaich 2 March 2013 01: 29
      +1
      Quote: homosum20
      You don’t imagine with what pleasure I will eat brown bread

      And me too! Black bread, lard and moonshine are great! Especially on Victory Day over UWB on the ruins of the Statue of Liberty !!! drinks
  21. Klim
    Klim 1 March 2013 20: 34
    +1
    I can't understand why everyone thinks about tying the problems of the United States to the customs union big enough? We have a minuscule trade turnover with them, mutual investments in the real sector of the economy are the same, the only thing that can bother us is that the "safety cushion" will disappear, hence the conclusion, it is necessary as much as possible rather, withdraw money from stub funds from American stock exchanges and invest it in high-quality equipment and advanced technologies, that is, in the real sector of the economy. In the end, I wanted to add, if America is cranky, then the first task is to put things in order in Eastern Europe, I mean the Baltic countries, Poland , camps of the social camp.
  22. GOLUBENKO
    GOLUBENKO 1 March 2013 23: 29
    +2
    All this chihard with the changes of US finance ministers reminds Krylov’s famous fable about the orchestra. In my USA it’s too late to drink Borjomi, only eptanasia will save.
  23. fenix57
    fenix57 2 March 2013 06: 14
    +2
    " What does the United States do about all this?"- what to do, what to do ....SALT. MATCHES, SOAP, CANDLES-all get it all. And they all think about stupid things.
    1. Alexander Romanov
      Alexander Romanov 2 March 2013 06: 17
      +2
      Quote: fenix57
      what to do, what to do .... SALT. MATCHES, SOAP, CANDLES - stock it all

      According to news reports, the United States returns most of the ships to the base, there is no money. What a pleasant spring this year winked
      1. Kaa
        Kaa 2 March 2013 06: 37
        +2
        Quote: Alexander Romanov
        , The United States returns most of the ships to the base, no money

        And who will feed and dress them in the army and in the navy? This is to the old controversy about outsourcing in the military; "" Many, hundreds of thousands of Americans will feel them (the cuts). The Border Service, Pentagon, FBI and many other law enforcement agencies will face funding cuts and layoffs ... Economists estimate that the United States will lose about 750 jobs, "Obama said today. Of the $ 85 billion in budget savings, the Pentagon will have to reduction of $ 46 billion The share of civilian personnel of the US Department of Defense, which can expect unpaid leave, as previously threatened by the head of the department Leon Panetta, is up to 80%. belay http://www.utro.ru/mega/
        1. Alexander Romanov
          Alexander Romanov 2 March 2013 06: 39
          +3
          All Kaa, congratulations on the American Spring laughing

          WASHINGTON, March 2. / Corr. ITAR-TASS Ivan Lebedev. US President Barack Obama signed a decree on Friday evening on a special procedure for the US government in connection with sequestration - the forced reduction of state budget expenditures

          In the current fiscal year, which ends September 30, they should be cut by $ 85 billion. Most of this amount - $ 46 billion - falls on the Pentagon. This represents approximately 13 percent of the US military budget
        2. Ruslan67
          Ruslan67 2 March 2013 06: 43
          +3
          Quote: Kaa
          Economists estimate that the United States will lose about 750 thousand jobs, "

          Quote: Kaa
          The border service, the Pentagon, the FBI and many other law enforcement agencies will face cuts in funding and layoffs ...

          Well! now they’ll go to work good And they can do something request Yes, it’s hard for them to crying wassat
          1. Kaa
            Kaa 2 March 2013 07: 01
            +2
            Quote: Ruslan67
            Well! now they’ll go to work
            Well, considering yesterday’s news on the site that there are 1000 tanks in private hands in the USA, it’s quite possible to form a tank corps for PMCs ... AR-15 is in the hands of hell ... let independence be announced somewhere in Texas for the first time enough, then Russia will quickly recognize their sovereignty, as with South Ossetia and Abkhazia, peacekeepers will be needed there ... wassat
            1. Alexander Romanov
              Alexander Romanov 2 March 2013 07: 22
              +3
              Quote: Kaa
              Well, given yesterday’s news on the site that there are 1000 tanks in private hands in the USA, it’s quite possible to form a tank corps for PMCs

              Better to form him from representatives of "Occupy Wall Street" so it will be more reliable and against the PMCs themselves tanui will not interfere.
              1. Kaa
                Kaa 2 March 2013 07: 31
                +1
                Quote: Alexander Romanov
                it will be more reliable

                And for me - like that!
  24. fenix57
    fenix57 2 March 2013 08: 46
    0
    , "And then there is the US government: by all indications, it is clearly waiting for chaos in the country. It arms the Department of Homeland Security to the teeth: 7 assault rifles alone have been purchased. Obama recently signed a law allowing the execution of Americans who pose an" imminent threat. ""- save yourself who can ....
    1. TiRex
      TiRex 3 March 2013 10: 24
      0
      7000 rifles - I cried ...
      the author is not funny? this is a tiny amount ...
  25. Perchik
    Perchik 5 March 2013 17: 30
    0
    Sequestration is a damn painful and unpleasant thing ...
    But the Americans are a strong and completely adequate nation - if it is necessary ... they will sequester.

    Everyday things are clear to everyone.
    Since there is no money and taxes are not allowed to be raised, then squeeze in consumption.
  26. Nesvet Nezar
    Nesvet Nezar 12 March 2013 08: 46
    0
    Communism or capitalism is not clear. But the fact that thalasocracy is becoming obsolete is a fact. Until humanity enters space, telulocrats will mine before ....