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Well seems to me all that bulls---t at the g7 done nothing for gold at all. God bless the American dollar and there stock market. Jesus loves them. :)
This seems like a decent punt now at just 81p, especially if pog holds/increases -- very tempted.
Biden thinks like a BABY
Boris acts like a baby
Macron is a baby
'They're no match for us': Ukrainian pilot says they can defeat Russia, but only with more Western help
“The Ukrainian air defense capacity was gutted in the opening few days of the war in February,” Daniel L. Davis, a military expert with Defense Priorities and a combat veteran, told Yahoo News. “Latest reports are that Russia is able to fly somewhere between 200 and 300 sorties per day. Most reliable assessments suggest Russia has had around 30 combat fixed-wing aircraft shot down during the war — which means thousands of jets fly each month and only six or seven get shot down in any given month.”
And until Ukraine can knock out Russian air defense systems, Davis warns, sending it Western fighter jets and helicopters is not likely to do much good, since those will simply be shot out of the sky.
https://uk.yahoo.com/news/theyre-no-match-for-us-ukrainian-pilot-say-they-can-defeat-russia-but-only-with-more-western-help-201712523.html
A little light reading for you Mr T. The US stands for one thing. The USA, there is no other way. Whether its the legal side, the financial cartels, the corporate cartels..... or just how sanctions work...Oliver North?
“They are making laws, what we say as extraterritorial, that means they can touch every company and every employee in the world as long as they are a small link to the U.S. market.”
https://www.goodreads.com/book/show/50358483-the-american-trap#other_reviews
The American Trap,” is a work by Frédéric Pierucci, a former executive of French energy and transport giant Alstom who spent two years in a U.S. prison for his role in a bribery scandal.Pierucci’s book opens with his arrest upon his arrival in New York in April 2013 on accusations of financial crimes by the Justice Department under the U.S. Foreign Corrupt Practices Act. The French executive eventually pleaded guilty to his role in a worldwide bribery scandal, and his company agreed to pay $772 million in fines....“cautionary tale for globe-trotting executives at multinational companies increasingly facing the threat of litigation when they are allegedly on the wrong side of U.S. law.”
Since publishing in China on May 1, the Chinese-language version of the book has topped the “new book” list on Dangdang, a popular Chinese e-commerce site,
Sanctions? when and if convenient. ...
and so on
the gnome
Moscow insists it has repaid the Eurobond payments in roubles using its own settlement system - which is not recognised internationally
Russia defaulted on its foreign debt for the first time in a century, as the grace period to repay roughly $100 million of bond payments expired at midnight on Sunday, according to Bloomberg.
Moscow has brushed off the event as artificial and manufactured by western countries whose sanctions barred it from making payments internationally. It has argued that it has made the coupon payments in roubles for the country's 2027 and 2047 eurobonds that are priced in US dollars, using its own settlement system, which is not recognised internationally.
A debtor cannot unilaterally change the currency of payment which is considered a violation of the terms of the bond contracts. That is generally considered a default by ratings agencies, but due to a slew of sanctions, the agencies have withdrawn their ratings.
Mr Putin doesn't care a fig about sanctions and farts in the West's general direction!
https://www.thenationalnews.com/business/markets/2022/06/27/what-a-russian-forced-debt-default-means-and-what-comes-next/
But then if Nixon can change the rules to suit the US bank cartel and Wall Street in order to manipulate the worlds commodity (inc precious metals) market prices with paper then why shouldn't Putin also change the rules to suit Russian interests?
No doubt Wall Street 7 City Traders will already have worked out ways to make money out of this!
Western sanctions against Russia , what sanction!
Why does'nt the G7 sort out this mess?
Whilst the parts of the world starve Putin steals the Ukrainian wheat and the Sudanese wheat is in danger of rotting because the Sudanese government says it has no money to buy it from its farmers!
More than 18 million people, nearly half the Sudanese population, are expected to be pushed into extreme hunger by September, according to United Nations estimates.
Russia's invasion of Ukraine, both key grain suppliers, adds to Sudan's existing food security troubles.
READ MORE
Third of all Sudanese 'food insecure in first three months of year'
Major pro-democracy group in Sudan issues blueprint for ending political crisis
Sudan's UN-brokered talks indefinitely postponed
Wheat imports from both nations make up between 70 and 80 per cent of Sudan's local market needs, according to a 2021 UN report.
Last month, dozens of wheat farmers from Sudan's Northern State staged a protest outside the agricultural bank after it refused to take their harvest.
“I grew 16 acres [6.5 hectares] of wheat this season, filling some 120 sacks amounting to a total of 12 tonnes,” farmer Modawi Ahmed told AFP.
He said the bank only agreed to buy less than half of his harvest, and he now fears the rest will spoil.
https://www.thenationalnews.com/mena/2022/06/19/sudanese-farmers-watch-wheat-harvest-rot-despite-shortage/
Mr Johnson said: “While Vladimir Putin continues his futile and unprovoked war in Ukraine and cravenly blockades millions of tonnes of grain, the world’s poorest people are inching closer to starvation. From emergency food aid to reviewing our own biofuel use, the UK is playing its part to address this pernicious global crisis.”
https://www.telegraph.co.uk/environment/2022/06/23/boris-johnson-pumps-brakes-drive-green-fuel/
Thank you Razor's,
Still thinking about banning Russian gold then, even if the ban goes ahead though the Swiss refiners and vaults will find a a way around any ban, the Swiss still haven't repatriated all the Nazi loot with it's rightful owners and India, China , Brazil Saudi's and others that support Putin will just take advantage.
The G7 should send a multinational fleet to collect grain from Ukraine and also stand up to Putin rather than observing the destruction of a nation, Putin is just like any other bully they will just take and take and wont stop until someone stands up to them.
At present Ukraine is suffering the death of a thousand cuts and if the West is'nt prepared to properly support them then they may as well lay down their weapons and let Putin take over,
The UK foreign secretary Truss is pathetic, a complete joke!
Boris is just a lying toerag who wants to remain king and shag!
Major European stocks recorded gains ahead of Monday's session as the 48th G7 summit continued for the second day in Germany, while NATO officials prepared for the upcoming conference that is set to start tomorrow.
The G7 meeting could result in the most developed economies worldwide banning the imports of Russian gold soon, according to United States Secretary of State Antony Blinken.
The DAX gained 0.86%, while the FTSE 100 increased by 0.55%, and the CAC 40 grew 0.75% at 7:24 am CET. Both the euro and the pound traded slightly in the green against the dollar a 7:34 am CET to sell for 1.05651 and 1.22828, respectively.
Baha Breaking News (BBN) / ND
Happy Monday y’al