Russia dumps US treasurys, buys gold (“Keiser Report” strikes again!!!)

“Putin gave the green light to dump another $5 billion in US paper, bringing Russia’s total to just $110 billion, a 38% drop from the $176 billion in October. A little birdie tells us gold is the primary beneficiary of this asset roll over.”

27 comments on “Russia dumps US treasurys, buys gold (“Keiser Report” strikes again!!!)
  1. Kwai Chang says:

    I love it when Max gets excited…
    (somebody grab his legs)

  2. Charles A. Robinson says:

    Reality check on Health exposing the Bastards making profit out of killing us and making us brain dead.

    http://www.forbiddenknowledgetv.com/videos/cancer/the-beautiful-truth-2008documentary-about-a-diet-basedcure-for-cancer.html

  3. F. Beard says:

    @Max,

    You should know better than to screw with the Russians! What if their gold “investment” goes south?

  4. Harry says:

    Rollover?
    ‘Diversification’

  5. elseif says:

    Re-posted in reply to http://maxkeiser.com/2011/08/15/let-the-video-footage-of-the-wild-violence-that-just-took-place-in-london-burn-into-your-memory/comment-page-1/#comment-360306

    @Blah blah
    I was not all that surprised at what happened, tension has been building for some time. What did shock me was how the riots spread and how the police, who had been extremely effective at dealing with the riots at the ant-cuts protests earlier in the year, had seemingly stood back and let it happen.

    The night before the riots started I was involved in an online discussion about whether Bill Bratton, former chief of police of the Los Angeles Police Department and New York City Police Commissioner, would be a good candidate for our metropolitan police commissioner.

    Our Home Secretary, Theresa May, had just vetoed Bill Bratton’s nomination at this point although the Prime Minister has retained him as a consultant.

    The interesting thing about Bill Bratton is that he is chairman of Kroll Inc a global risk consulting company that provides investigation and technology services to attorneys, financial services companies and corporations. In other words data-mining tech for solving crimes.

    The metropolitan police have been asking for this sort of tech to fight terrorism for some time, which has always caused outcries from the public for being Orwellian.

    After the riots it emerged that the police had released incorrect information about the shooting of Mark Duggan who’s death was the cause of the initial protests that turned into riots. All this happened in an area where there is high level of mistrust between the black community and police because of previous incidents involving police racism and coverups.

    These are obviously just coincidences but it did reminded of a TED talk by Loretta Napoleoni about how terrorism that had once been state sponsored had now become privatized and it also reminded me of Lil Wayne’s Drop the World – http://vimeo.com/11339138

  6. Youri Carma says:

    What is more important:

    ” … despite all the posturing China, continued to buy Treasurys, with its total increasing from $1160 billion to $1165.5 billion .”

  7. Youri Carma says:

    “The bad news: China was more or less the only one buying.”

  8. Kwai Chang says:

    put put put put put putin…
    put put put put put putin…
    I think I can…
    I think I can…
    (the little russia that could)

  9. Kwai Chang says:

    anybody heard from our president the phantom lately…
    (the brown lantern)
    shine on

  10. Bruce says:

    Obama Tries to Reclaim Momentum With Midwest Bus Tour http://www.nytimes.com/2011/08/16/us/politics/16obama.html

  11. Kwai Chang says:

    @Bruce…
    thank you…I hate political silence

  12. Danny Cunnington says:

    @Youri, more bad news, the Chinese play a sort of double game. They buy in short maturity and sell out of long term. It sounds good when they buy fresh cut bonds from the US but of course they are continually loading up the secondary market with long maturity bonds. Because they are the biggest buyer and holders the rest tend to take their cue from China’s strategy. This eventually leads to a load of long yield bonds which nobody wants which can only be covertly swallowed up by various central banks using weird in house accountancy that nobody understands.

    Last year the Chinese dumped a big tranche of about $200 billion. The Bank of England bought them all but where did they get the money from? The UK was and is flat broke for that kind of money, they couldn’t have got it from government and the media were totally silent.

  13. YoLithos says:

    A lot of interesting recreational reading comes up, if you google for “russian gold reserve plunder OR stolen OR theft”. Including Spain.

    Lightning never strikes twice in the place, eh? Well, certainly not three times!

    … the Russian Mafia, along with outgoing Communist Party officials, “heisted” thousands of tonnes of gold bullion from Russia’s reserves. Valued at $35 billion, Russia’s gold reserves were estimated to be 100 million troy ounces – just under 3000 tonnes.
    Then in September 1991, a palpitating Grigory Yavlinski, the economic supremo, revealed to delegates at the Group-of-Seven industrial countries meeting in Bangkok, that a mere 240 tons were all that was left. Two months later, in November, even that had disappeared.
    “Not a gram of gold remains; the vaults are empty,” said Victor Geraschenko, chief of Gosbank, the Russian Central Bank.

    http://www.deepblacklies.co.uk/gangsters_paradise.htm

    What if China bought the FED? Like the US bought Alaska, for example. Or, the world could chip in and do a leveraged buyout of the FED? Then, it could be quickly “Downsized and Restructured”, for example.

  14. Chervonets says:

    So velocity in treasuries is up, bank run on USD accounts is next, then cash follows…

  15. Youri Carma says:

    @Danny Cunnington

    Yeah, I read about that, Chinese buying at the short end.

    I am thinking about what the Chinese strategy exactly is? They want to provide a soft landing but by doing so are digging their own grave partialy. On one hand they have to buy to keep the Yuan pegg to the dollar on the other hand it doesn’t benefit them to buy ever decreasing dollar value denominted debt.

    Think the Chinese are in a bit of a quandary themselves also when to let the Yuan rise and switch over to much more domestic demand. They havn’t got much time tough.

    Analysis: China costs start to worry U.S. multinationals

    Chinese manufacturers struggle to keep workers – Companies scrambling to cope, according to Caixin survey

    China researcher: Yuan could fall if traded freely

    Yuan’s rise may signal new China policy

  16. bammbamm says:

    The numbers on the Y axis start at 100 mil – makes the decline look much steeper than if it began at zero.

  17. Chervonets says:

    @bammbamm
    That is what they learn at their MBA’s

  18. Flopot says:

    Keiser Report also correct about Obama’s financial thumb-sucking (remember Max’s hilarious impersonation last week). In the latest Observer Magazine there is an article by Frank Rich that lambasts Obama’s failure to deal with the banksters.

    “By failing to punish the bankers whose greed pushed America towards financial meltdown, the president – and the US – now face disaster. A scathing analysis by leading essayist”

    Also stumbled across this stating same thing…

    http://newworldorderreport.com/News/tabid/266/ID/6795/Huffington-Post-releases-article-slamming-Obama-for-being-a-sellout.aspx

    Sorry if it has all been posted before…

  19. realaverageamerican says:

    Original topic…

    So when China also falls, they will have no one to blame but themselves.

  20. Mother Earth says:

    Wow, that is a drop. Must have coincided with the China trade packt?

  21. jimmy chen says:

    Woo Hoo, vodka for everybody!!!

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

  22. 500ozs says:

    & who destroyed the Tsar & setup Lenin via Trotsky in the 1st place? Rothschild

    The slave game is getting interesting, 100, even 30 years ago few of us would know what is occurring, bless the net, for the 1st time we are aware ofmhow badly we are being screwed.

    Unfortunately, knowing who’s killing/enslaving you in the next war/famine is small comfort however.

    Occasionally in history serfs did revolt & deal with the masters.

    Can anyone deal with Rothschild Inc?

  23. Mike/Canada says:

    Things allways spook me when i see Russia on the move, There are deep rooted at playing the game and very quiet .
    Just allways think there the game changer.
    Max do you know how much gold there holding as of now?

  24. Mike/Canada says:

    Sorry , I was out having a few scotches tonight.. Let me re-type that.

    I allways get spook when i see Russia on the move, Russia is deep rooted at playing the game, also very quiet about there actions.
    I just allways think Russia can be the game changer.
    Max would you know how much gold there holding as of now?

  25. Flopot says:

    @ReadAverageAmerican Like no-one has gone off topic before? This is the only way I can highlight others agreeing with KR’s assessment of Obama’s financial nous.

    I would like to see you spam “original topic” in every thread that has gone slightly OT.

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