More to the point, can Putin afford NOT to start a war with the Ukraine, given that all his demands of the West have been nixed?
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costsboth direct and >indirectof a new war in Ukraine? Easyhes been preparing for years. Russias >central bank reserves now stand at $640 billion, a record. That pile is >equivalent to 17 months of Russian export revenues, and continues to grow, >thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5 million >bpd of refined petroleum products, according to Cowen & Co., amounting to >about 10% of the global oil trade. With Brent crude hitting an eight-year >high of $88.88 this morning, that amounts to more than $600 million a day in >petro-cash.
On top of that is 23 billion cubic feet per day of natural gas exports >(roughly 2 bcfd of which now transits through Ukraine)worth another $400 >million a day at todays elevated European prices.
Importantly, its no longer apt to refer to Russias fossil fuel income as >petro-dollars, as Putin has been working hard to de-dollarize the
Russian economy. Back in 2013 Russia received dollars for 95% of its exports >to Brazil, India, South Africa and China. Today, according to the >Congressional Research Service, after a decade of de-dollarization just 10% >of that trade is in greenbacks.
And Putin has created new payment processing systems, as a replacement for >the Society for Worldwide Interbank Financial Telecommunication, or SWIFT >(from which Biden has threatened to cut Russia off); in 2015 after U.S. >sanctions Moscow launched the Mir payment platform (now even connected to >Apple Pay).
Putin has increasingly replaced trade in dollars with gold. From a record
low of $2 billion worth of gold in 1995, Russia has piled up a mountain of >itnow worth $130 billion, or 20% of total reserves. Thats equivalent to >about 72 million 1 oz. gold coins, or 4.5 million pounds. Only the U.S., >Germany and Italy hold more gold.
Though Russia mines a lot of gold, platinum and palladium itself, some of
the pile may be coming from friends like Venezuela, which in 2019 reportedly >loaded 20 tons of it onto a Russian Boeing 777, part of a liquidation of
some 300 tons from Caracas coffers.
(Putin is not the only goldbugcentral banks have added 4,500 tons of gold >reserves over the past decade.)
According to Johns Hopkins University economist professor Steve Hanke, >Russias central bank has displayed high competence in managing the rouble, >and it shows: Since 2016 it has held mostly steady at .013 per dollar,
though dropping about 8% in recent months during the Ukraine military >buildup.
Clearly, Putin has been putting funds to work investing in his military. >Spending ramped up to a peak of $90 billion per year in 2013, ahead of his >Crimea invasion, and totaled $60 billion in 2020, according to World Bank >data.
This pales in comparison to U.S. military spending of $780 billion and Chinas >$250 billion in 2020though Russia does spend more as a percentage of GDP,
at 4%. Putin could likely ramp that spending more if he wanted toaccording >to BNP Paribas data, Russias public debt is 18% of GDP, while total
external debt is less than 30% of GDP. Ukraines debt load is 80% of GDP, >while the U.S. is more than 100%.
https://www.forbes.com/sites/christopherhelman/2022/01/31/how-can-putin-afford-war-in-ukraine-his-130-billion-gold-horde-helps/?sh=1d7148cd41f5
"Inge Mueller" wrote in message >news:nnqv0hdgtk5kcqsvd70bp497c98fb8ujsc@4ax.com...
More to the point, can Putin afford NOT to start a war with the Ukraine,
given that all his demands of the West have been nixed?
To back down now would be too much of a loss of face.
He now has no choice BUT to go to war...
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costsboth direct and >indirectof a new war in Ukraine? Easyhes been preparing for years. Russias >central bank reserves now stand at $640 billion, a record. That pile is >equivalent to 17 months of Russian export revenues, and continues to grow, >thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5 million >bpd of refined petroleum products, according to Cowen & Co., amounting to >about 10% of the global oil trade. With Brent crude hitting an eight-year >high of $88.88 this morning, that amounts to more than $600 million a day in >petro-cash.
On top of that is 23 billion cubic feet per day of natural gas exports >(roughly 2 bcfd of which now transits through Ukraine)worth another $400 >million a day at todays elevated European prices.
Importantly, its no longer apt to refer to Russias fossil fuel income as >petro-dollars, as Putin has been working hard to de-dollarize the
Russian economy. Back in 2013 Russia received dollars for 95% of its exports >to Brazil, India, South Africa and China. Today, according to the >Congressional Research Service, after a decade of de-dollarization just 10% >of that trade is in greenbacks.
And Putin has created new payment processing systems, as a replacement for >the Society for Worldwide Interbank Financial Telecommunication, or SWIFT >(from which Biden has threatened to cut Russia off); in 2015 after U.S. >sanctions Moscow launched the Mir payment platform (now even connected to >Apple Pay).
Putin has increasingly replaced trade in dollars with gold. From a record
low of $2 billion worth of gold in 1995, Russia has piled up a mountain of >itnow worth $130 billion, or 20% of total reserves. Thats equivalent to >about 72 million 1 oz. gold coins, or 4.5 million pounds. Only the U.S., >Germany and Italy hold more gold.
Though Russia mines a lot of gold, platinum and palladium itself, some of
the pile may be coming from friends like Venezuela, which in 2019 reportedly >loaded 20 tons of it onto a Russian Boeing 777, part of a liquidation of
some 300 tons from Caracas coffers.
(Putin is not the only goldbugcentral banks have added 4,500 tons of gold >reserves over the past decade.)
According to Johns Hopkins University economist professor Steve Hanke, >Russias central bank has displayed high competence in managing the rouble, >and it shows: Since 2016 it has held mostly steady at .013 per dollar,
though dropping about 8% in recent months during the Ukraine military >buildup.
Clearly, Putin has been putting funds to work investing in his military. >Spending ramped up to a peak of $90 billion per year in 2013, ahead of his >Crimea invasion, and totaled $60 billion in 2020, according to World Bank >data.
This pales in comparison to U.S. military spending of $780 billion and Chinas >$250 billion in 2020though Russia does spend more as a percentage of GDP,
at 4%. Putin could likely ramp that spending more if he wanted toaccording >to BNP Paribas data, Russias public debt is 18% of GDP, while total
external debt is less than 30% of GDP. Ukraines debt load is 80% of GDP, >while the U.S. is more than 100%.
https://www.forbes.com/sites/christopherhelman/2022/01/31/how-can-putin-afford-war-in-ukraine-his-130-billion-gold-horde-helps/?sh=1d7148cd41f5
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costs—both direct and
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costs—both direct and indirect—of a new war in Ukraine? Easy—he’s been preparing for years. Russia’s
central bank reserves now stand at $640 billion, a record. That pile is equivalent to 17 months of Russian export revenues, and continues to grow, thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5
million
On 2/18/2022 10:08 AM, Byker wrote:
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costs—both direct and >> indirect—of a new war in Ukraine? Easy—he’s been preparing for years. >> Russia’s
central bank reserves now stand at $640 billion, a record. That pile is
equivalent to 17 months of Russian export revenues, and continues to
grow,
thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5
million
All he has done is hold military maneuvers,,, and talk.
And by this, he has increased his countries income
greatly.
He does not need to go to war, he has already won.
On 2/18/22 7:52 PM, a425couple wrote:
On 2/18/2022 10:08 AM, Byker wrote:
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costsboth direct and >>> indirectof a new war in Ukraine? Easyhes been preparing for years.
Russias
central bank reserves now stand at $640 billion, a record. That pile is
equivalent to 17 months of Russian export revenues, and continues to
grow,
thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5
million
All he has done is hold military maneuvers,,, and talk.
And by this, he has increased his countries income
greatly.
He does not need to go to war, he has already won.
He has also forged a good mutual-support treaty
with Xi ... "sanctions" would thus have diminished
impact. Likely part of the deal is that Russia will
support China when it finally makes its move on
Taiwan.
On Fri, 18 Feb 2022 20:58:28 -0500, "25.BX943" <25BZ493@nada.net>
wrote:
On 2/18/22 7:52 PM, a425couple wrote:
On 2/18/2022 10:08 AM, Byker wrote:
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costs—both direct and
indirect—of a new war in Ukraine? Easy—he’s been preparing for years.
Russia’s
central bank reserves now stand at $640 billion, a record. That pile is >>>> equivalent to 17 months of Russian export revenues, and continues to
grow,
thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5
million
All he has done is hold military maneuvers,,, and talk.
And by this, he has increased his countries income
greatly.
He does not need to go to war, he has already won.
He has also forged a good mutual-support treaty
with Xi ... "sanctions" would thus have diminished
impact. Likely part of the deal is that Russia will
support China when it finally makes its move on
Taiwan.
china is steadily invading russia
On 2/19/22 5:26 AM, abelard wrote:
On Fri, 18 Feb 2022 20:58:28 -0500, "25.BX943" <25BZ493@nada.net>
wrote:
On 2/18/22 7:52 PM, a425couple wrote:
On 2/18/2022 10:08 AM, Byker wrote:
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costsboth direct and >>>>> indirectof a new war in Ukraine? Easyhes been preparing for years. >>>>> Russias
central bank reserves now stand at $640 billion, a record. That pile is >>>>> equivalent to 17 months of Russian export revenues, and continues to >>>>> grow,
thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5 >>>>> million
All he has done is hold military maneuvers,,, and talk.
And by this, he has increased his countries income
greatly.
He does not need to go to war, he has already won.
He has also forged a good mutual-support treaty
with Xi ... "sanctions" would thus have diminished
impact. Likely part of the deal is that Russia will
support China when it finally makes its move on
Taiwan.
china is steadily invading russia
China is steadily "invading" most everywhere, esp in
Africa and S.America ......
But Putin may not care about the small stuff right
now, but instead be interested in sanctions-relief
first and foremost.
On Fri, 18 Feb 2022 20:58:28 -0500, "25.BX943" <25BZ493@nada.net>
wrote:
On 2/18/22 7:52 PM, a425couple wrote:
On 2/18/2022 10:08 AM, Byker wrote:
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costsboth direct and >>>> indirectof a new war in Ukraine? Easyhes been preparing for years.
Russias
central bank reserves now stand at $640 billion, a record. That pile is >>>> equivalent to 17 months of Russian export revenues, and continues to
grow,
thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5
million
All he has done is hold military maneuvers,,, and talk.
And by this, he has increased his countries income
greatly.
He does not need to go to war, he has already won.
He has also forged a good mutual-support treaty
with Xi ... "sanctions" would thus have diminished
impact. Likely part of the deal is that Russia will
support China when it finally makes its move on
Taiwan.
china is steadily invading russia
china is steadily invading russia
china is steadily invading russia
Luckily, you can spot one of the bastards half a mile away!
"abelard" wrote in message >news:ldh11hdvc3ql80m9cb85p7tvkbegu9vvsl@4ax.com...
china is steadily invading russia
They'd make a grab for Kamchatka if they could get away with it...
On Sat, 19 Feb 2022 10:08:56 -0500, "25.BX943" <25BZ493@nada.net>
wrote:
On 2/19/22 5:26 AM, abelard wrote:
On Fri, 18 Feb 2022 20:58:28 -0500, "25.BX943" <25BZ493@nada.net>
wrote:
On 2/18/22 7:52 PM, a425couple wrote:
On 2/18/2022 10:08 AM, Byker wrote:
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costs—both direct and
indirect—of a new war in Ukraine? Easy—he’s been preparing for years.
Russia’s
central bank reserves now stand at $640 billion, a record. That pile is >>>>>> equivalent to 17 months of Russian export revenues, and continues to >>>>>> grow,
thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5 >>>>>> million
All he has done is hold military maneuvers,,, and talk.
And by this, he has increased his countries income
greatly.
He does not need to go to war, he has already won.
He has also forged a good mutual-support treaty
with Xi ... "sanctions" would thus have diminished
impact. Likely part of the deal is that Russia will
support China when it finally makes its move on
Taiwan.
china is steadily invading russia
China is steadily "invading" most everywhere, esp in
Africa and S.America ......
But Putin may not care about the small stuff right
now, but instead be interested in sanctions-relief
first and foremost.
russia is a paper tiger...pootin is desperate to ride the tiger
On 2/19/22 10:18 AM, abelard wrote:
russia is a paper tiger...pootin is desperate to ride the tiger
And those silly Japs were all little midgets with
round glasses - no problem ........
Russia is NOT a "paper tiger". They've dragged down
their whole economy for 20 years just to build up
their military capability. Russians are also the
ultimate hard-asses - kill a million and the next
million will fill the gap. Read up on the Chernobyl
response ... and especially their WW-2 efforts.
On 2/19/22 10:18 AM, abelard wrote:
On Sat, 19 Feb 2022 10:08:56 -0500, "25.BX943" <25BZ493@nada.net>
wrote:
On 2/19/22 5:26 AM, abelard wrote:
On Fri, 18 Feb 2022 20:58:28 -0500, "25.BX943" <25BZ493@nada.net>
wrote:
On 2/18/22 7:52 PM, a425couple wrote:
On 2/18/2022 10:08 AM, Byker wrote:
How Can Putin Afford War In Ukraine?
His $130 Billion Gold Horde Helps
Christopher Helman
31 Jan 22
How can Russian President Vladimir Putin afford the costsboth direct and
indirectof a new war in Ukraine? Easyhes been preparing for years. >>>>>>> Russias
central bank reserves now stand at $640 billion, a record. That pile is >>>>>>> equivalent to 17 months of Russian export revenues, and continues to >>>>>>> grow,
thanks to surging oil prices.
Russia exports some 5 million barrels per day of crude oil, plus 2.5 >>>>>>> million
All he has done is hold military maneuvers,,, and talk.
And by this, he has increased his countries income
greatly.
He does not need to go to war, he has already won.
He has also forged a good mutual-support treaty
with Xi ... "sanctions" would thus have diminished
impact. Likely part of the deal is that Russia will
support China when it finally makes its move on
Taiwan.
china is steadily invading russia
China is steadily "invading" most everywhere, esp in
Africa and S.America ......
But Putin may not care about the small stuff right
now, but instead be interested in sanctions-relief
first and foremost.
russia is a paper tiger...pootin is desperate to ride the tiger
And those silly Japs were all little midgets with
round glasses - no problem ........
Russia is NOT a "paper tiger". They've dragged down
their whole economy for 20 years just to build up
their military capability. Russians are also the
ultimate hard-asses - kill a million and the next
million will fill the gap. Read up on the Chernobyl
response ... and especially their WW-2 efforts.
As soon as a couple of the American aircraft carriers have been sunk
"Oleg Smirnov" wrote in message news:sut381$fah$1@os.motzarella.org...
As soon as a couple of the American aircraft carriers have been sunk
At least we have carriers to sink. Where are all yours?
Byker the Shithead, <news:coednSGvb9qxyY__nZ2dnUU7-cXNnZ2d@earthlink.com>
"Oleg Smirnov" wrote in message news:sut381$fah$1@os.motzarella.org...
As soon as a couple of the American aircraft carriers have been sunk
At least we have carriers to sink. Where are all yours?
The h-sonic missiles suit your carriers well.
In article <suu0uk$o8t$3@os.motzarella.org>,
"Oleg Smirnov" <os333@netc.eu> wrote:
Byker the Shithead, <news:coednSGvb9qxyY__nZ2dnUU7-cXNnZ2d@earthlink.com>
"Oleg Smirnov" wrote in message news:sut381$fah$1@os.motzarella.org...
As soon as a couple of the American aircraft carriers have been sunk
At least we have carriers to sink. Where are all yours?
The h-sonic missiles suit your carriers well.
Where do you plan to live after the MAD?
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