War in Ukraine

#17,476
#17,476
red butler said:
I'm pretty sure Russia has been building up their gold reserves for the better part of the last decade. The Indian government, as well as its citizens are heavy gold investors. What happens if Russia trades in gold reserves instead of rubles? I suspect most of the governments Russia is dealing with would rather have precious metals instead of paper money anyway.
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Are they going back to gold coinage? Or is it the Ruble backed by gold?

If its staying the ruble, Russia has the same problem potentially. They dont have the gold on hand to cover their expenditures. That gold backed currency may hold up better than their current system, but it doesnt fix it. Especially if they are willing to accept FIAT currencies in exchange for gold backed.

If they go 100% gold that will mean the only trade with countries who have a gold backed currency so that they can technically exchange the gold back and forth instead of it going out only.
 
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#17,478
#17,478
DonjoVol said:
I never said Russian involvement in Ukraine is okay. However, the official government and recognized leader of Syria did invite Russia into their conflict to help.

I do not see any Russian politicians coming here to the U.S., Mexico, and Canada and inciting anyone to overthrew their government. If I am wrong about that please let me know.

See my comments I have made regarding the Russian government's treatment of Jehovah Witnesses. I believe I am the only one on here who has brought that up.

And what in the world did a senator from Arizona have getting involved in Ukraine? That was also not the only country he got involved in. He got involved in Georgia and Syria. He should have been focusing more of his time on the issues here at home and in his home state. He had no business getting involved in international affairs and stirring up conflict. But, McCain is the man with integrity now so I guess it was okay.
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He invited Russia in because he had used chemical weapons on his own people and was going to be justly thrown out. They are propping up a puppet.
 
#17,479
#17,479
landscapingvol said:
The major difference is the US isn't threatening to use nuclear weapons on anyone else while attempting to destabilize nearly every bordering nation that happens to impact European politics. Those are huge distinctions that don't occur in a political vacuum. Is the US great at nation building? No, and they shouldn't engage in it and we have paid the price for it just as Russia is going to. Right or wrong the rest of the World viewed Saddam as a threat, no one had that same view of Ukraine other than Russia.
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Not everybody saw Saddam as a threat. The fact of the matter is he protected religious ethnic groups in Iraq such as the Yazidis, Yarsanis, Mandeans, and Christians. When he was ousted from power those groups were no longer protected and many were persecuted. Along with many Muslims who fought against the extremist elements.
 
#17,480
#17,480
red butler said:
I'm pretty sure Russia has been building up their gold reserves for the better part of the last decade. The Indian government, as well as its citizens are heavy gold investors. What happens if Russia trades in gold reserves instead of rubles? I suspect most of the governments Russia is dealing with would rather have precious metals instead of paper money anyway.
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Unless you can trade a paper currency back to the country for their gold, then I think it's meaningless. Say a country has "x" ounces of gold backing their currency. Is that going to prevent the govt from printing more if they want to? No. Would Russia allow someone/corporation to trade their 50 million rubles for the equivalent value of physical gold? No.
 
#17,481
#17,481
TheDeeble said:
Unless you can trade a paper currency back to the country for their gold, then I think it's meaningless. Say a country has "x" ounces of gold backing their currency. Is that going to prevent the govt from printing more if they want to? No. Would Russia allow someone/corporation to trade their 50 million rubles for the equivalent value of physical gold? No.
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They can always trade gold for a stronger currency.
 
#17,482
#17,482
landscapingvol said:
The major difference is the US isn't threatening to use nuclear weapons on anyone else while attempting to destabilize nearly every bordering nation that happens to impact European politics. Those are huge distinctions that don't occur in a political vacuum. Is the US great at nation building? No, and they shouldn't engage in it and we have paid the price for it just as Russia is going to. Right or wrong the rest of the World viewed Saddam as a threat, no one had that same view of Ukraine other than Russia.
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Not everybody saw Saddam as a threat. The fact of the matter is he protected religious ethnic groups in Iraq such as the Yazidis, Yarsanis, Mandeans, and Christians. When he was ousted from power those groups were no longer protected and many were persecuted. Along with many Muslims who fought against the extremist elements.
landscapingvol said:
You two are hilarious. What do you think Russia is there to do, hand out warm clothes and feed the poor? The US wants a strong Ukraine to counteract Russia's meddling and the Russia wants a pro Russia Ukraine to prevent European/US influence. There is no good guy here but only one of those two nations is killing innocent people in Ukraine, you are the only two on the board that can't seem to comprehend that. You can bring up anything from slavery to Afghanistan but it won't change either of those facts.
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Ukrainians have been killing innocent civilians in the Donbass region since at least 2014. Is that something you are okay with? Ukraine is not innocent in all of this and neither are Western nations.

I am not saying Russia is innocent. And this is the problem I have with this forum is you guys pick and choose what people say and what to respond to. I mentioned Russia's desire to cut off Ukraine from the Black Sea. Which is clearly one thing they are doing. Only a few people responded to the questions I had on that.

NATO however had aspirations for Ukraine and Georgia to join. Russia did not want that and I believe NATO had a previous agreement where they would not expand that far.
 
#17,485
#17,485
Paper_Towel said:
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#17,486
#17,486
red butler said:
I'm pretty sure Russia has been building up their gold reserves for the better part of the last decade. The Indian government, as well as its citizens are heavy gold investors. What happens if Russia trades in gold reserves instead of rubles? I suspect most of the governments Russia is dealing with would rather have precious metals instead of paper money anyway.
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Sure, but that's all conjecture at this point.
 
#17,487
#17,487
Gandalf said:
This is the best write up I have seen on what is actually going on. Wish the news would do this instead of all the other crap they are putting on. That said, its not going well for Ukraine.

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I've seen his stuff. It's not going well for Ukraine but they are holding out much better than expected. My statements regarding this are still true. Russia is only able to take these areas by flattening them. They are getting resistance at every turn. Its not going well for Russia either. They do not have the well oiled military machine I would have expected.
 
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#17,489
#17,489
hog88 said:
No they couldn't have. Russian ground forces are ill trained, poorly equipped, poorly led and lack motivation. That's what you get with a corrupt officer corp, a non existent NCO corp and conscript soldiers.
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A short time ago I was reading on these very pages how manly and powerful the Russian military was while ours is a pathetic assortment of gays, trans and the woke.
 
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#17,491
#17,491
hog88 said:
They can always trade gold for a stronger currency.
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Maybe. Maybe not.

The $140 Billion Question: Can Russia Sell Its Huge Gold Pile?

(Bloomberg) -- Russia spent years building a giant stash of gold, an asset that central banks can turn to during a crisis. But any attempt to sell it will now be a challenge just when it’s needed most.

Bank of Russia expanded its gold reserves almost sixfold since the mid-2000s, creating the world’s fifth-biggest stockpile that’s valued at about $140 billion. It’s the type of asset it could sell to shore up the ruble, which has plunged as global economies isolate Russia following its invasion of Ukraine.

Doing so will be difficult. Sanctions forbid U.S., U.K. and European Union institutions from doing business with Russia’s central bank. Traders and banks are wary of buying the country’s bullion indirectly or using other currencies out of fear of reputational damage or falling foul of penalties. And senators in Washington want secondary sanctions on anyone buying or selling Russian gold.

“This is why they bought their gold, it was for a situation just like this,” said Fergal O’Connor, a lecturer at Cork University Business School. “But if no one will trade it with you, it doesn’t matter.”
 
#17,493
#17,493
Rickyvol77 said:
You have no clue of what you are speaking about? There are literally dozens of contracted people we could bring in in a day if we chose for EVS, CNA, hell even travel RNs
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Your job could be replaced tomorrow. So I am not sure what point you are trying to make.

I have a feeling 10 CNAs couldn't be replaced in one day. I'm not buying your BS on that one.

One last thing. Get to work.
 
#17,495
#17,495
DonjoVol said:
Plus if you really are a VP like you say don't you have a company you should be running. I don't think being on Volnation is a very good use of company time.
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I am working from home because I can, it’s nice to spend time with the wife and kids and work. I also just got back from hawaii before Christmas but I only had to do one work related meeting then. I’m salaried so I make my own schedule except for some board of director type meetings which are set beforehand
 
#17,496
#17,496
DonjoVol said:
Your job could be replaced tomorrow. So I am not sure what point you are trying to make.

I have a feeling 10 CNAs couldn't be replaced in one day. I'm not buying your BS on that one.

One last thing. Get to work.
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You don’t have the authority to tell me or anyone else what to do. And you never will. I don’t care that you are wrong about the CNAs. Call up the local temp agencies and have it out with them lol

As for my job, I could be fired tomorrow if the company chose that’s true but they would conduct a nationwide search over weeks to hire my replacement. Not a temp agency who will give us cheap unskilled labor
 
#17,498
#17,498
LouderVol said:
Are they going back to gold coinage? Or is it the Ruble backed by gold?

If its staying the ruble, Russia has the same problem potentially. They dont have the gold on hand to cover their expenditures. That gold backed currency may hold up better than their current system, but it doesnt fix it. Especially if they are willing to accept FIAT currencies in exchange for gold backed.

If they go 100% gold that will mean the only trade with countries who have a gold backed currency so that they can technically exchange the gold back and forth instead of it going out only.
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First, right now they can't trade with anybody. Second, the gold scenario is just one they could use; maybe they trade Chinese/Indian goods for wheat that can't go to Africa now. The bottom line is the countries he's talking to now, have known for a long time that they get screwed in the current monetary system. They've been in talks about how to bypass the dollar in trade for a while now . I'm just saying I wouldn't be so sure they won't be able to work something out.
 
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#17,499
#17,499
DonjoVol said:
Not a lazy attack. Some of these people on here claim to be "big shots". They should have more important work to do than be on Volnation.
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You do realize that even executives have a life outside their jobs and in most cases make their own schedule. Right?
 
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