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Russian State TV Anchor: Russia Could Turn US To "Radioactive Ash"
An anonymous reader writes with a Ukraine news roundup. "'Russia is the only country in the world realistically capable of turning the United States into radioactive ash,' anchor Dmitry Kiselyov said on his weekly news show on state-controlled Rossiya 1 television. ... His programme was broadcast as the first exit polls were being published showing an overwhelming majority of Crimeans voting to leave Ukraine and join Russia. He stood in his studio in front of a gigantic image of a mushroom cloud produced after a nuclear attack, with the words 'into radioactive ash.' ... Kiselyov has earned a reputation as one of Russia's most provocative television news hosts, in particularly with his often blatantly homophobic remarks. But he is also hugely influential with his weekly news show broadcast at Sunday evening prime time. Putin last year appointed Kiselyov head of the new Russia Today news agency that is to replace the soon to be liquidated RIA Novosti news agency with the aim of better promoting Russia's official position. — Russia has threatened to stop nuclear disarmament treaty inspections and cooperation. Russian troops are reported to have seized a natural gas terminal in Ukraine outside of Crimea. There are reported to be 60,000 Russian troops massing on Russia's border with Ukraine."
Well, considering that conventional warfare is a nono, and nuclear warfare is a BIG NONO, but economic warfare is fair game, I'd say you have a point.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
But once you have done that once, that's it, the economic weapon has been used, and you've got nothing left. Of course, there's always the threat of using it, or selling off a few million dollars of shares every now and again just to prove the point.
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Relax. Russia is no problem. That's more for internal use than external use. I mean, ponder what it would be like if the US were in Russia's boots.
The country "lost" the cold war, depression sets in, crime lords get rich and take over economy and partly politics, the general population is doing worse and worse... I think it's not hard to see how a lot of people are yearning for the "good ol' times" where Russia was some big shot country.
Now ponder what it would be like if this was the US, and how a president could score with the lowbrow rednecks and of course the military with some speeches about greatness and how we can snuff out that big bad enemy of the days of yore.
Saber rattling with respect to what's going on on the Crimea peninsula, but little substance.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
this is not possible,i am from east . if they do this , their own economy will fall
It would certainly hurt both countries. But arguably Russia could survive in "economic lockdown" easier than the West, it would be like going back to just before glasnost. For the West it would be something unprecedented.
This risk is outdated. With the amount of bond buying that the US Federal Reserve has engaged in over the past few years buying all of the debt held by Russia and China combined would not even make a dent should they desire to sell it all, the FED and other nations (Japan) will happily buy. Russia's $100 billion and even China's $1.2T are small potatoes compared to the $16T+ the fed and friends have printed with little consequence as of yet.
Russia relies on Europe energy sales for 25% of its GDP, Europe relies on Russia to provide 6% of its energy. Sanctions targeting this will hurt Russia very badly and they know it. They have been strong arming Europe for years on energy, delaying their economic recovery. Its time the tables were turned.
Keep in mind that the new Ukrainian government has announced massive austerity program. Pensions in Russia are about four times higher and the economy is much healthier compared to the Ukraine. Besides, massive economic support was promised by Russia.
Problem is, once the USD goes into free fall, that dream is over. Being able to money print your money out of debt only works as long as those owing you accept that money as payment.
Also, you might want to take a look at SDRs and how they're used for currency value determination.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
With the amount of bond buying that the US Federal Reserve has engaged in over the past few years buying all of the debt held by Russia and China combined would not even make a dent should they desire to sell it all, the FED and other nations (Japan) will happily buy.
At this point I imagine the Fed chair cackling like the Emperor in Star Wars "witness the firepower of this fully operational buying-station!" OK, the new one isn't quite old enough to look like the Emperor yet, but give her time.
Socialism: a lie told by totalitarians and believed by fools.
I always laugh when someone suggests dumping 162 billion in bonds could crush the US economy. That's literally like 3 days worth of auctions. As you said, they dump them all at once and someone pays 72 billion for them, and over a period of a month doubles their money. Now if they owned the 1.3 trillion that china does they could probably hurt the dollar for a month or two while turning their trillion dollars into a 100 billion. And in the process China would destroy their own export economy as the dollar fell and the trade deficit imploded as US imports stopped.
See that's the problem, they try to "crash" the market and they are guaranteed to lose massive amounts of money on the bonds. And in the long run the bonds recover and there is no long term issue. In the short term it may actually help the US economy by devaluing the dollar short term and harming imports.