Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (10988)	9/10/2008 10:00:19 PM
From: TH	3 Recommendations Read Replies (1) \| Respond to of 71484

For those of us too busy drinking Smirnoff to actually learn Russian, we thank god for da google. GT TH Translation: Russian » English Russia reduces investment from an international reserve of U.S. securities, said on Friday the Central Bank First Deputy Chairman Alexei Ulyukaev. Since early summer, the volume of investments fell one and a half times. Furthermore, the representative of the Bank of Russia reported that in August the Central Bank did not buy the American currency, and in early September, began to get rid of stockpiles of dollars in the accounts. Uliukaev added that at this stage, the Bank of Russia is ready to buy euros now share a single European currency purchases is around 15%. According to him, the Bank of Russia does not like to increase this percentage, but until the market size is very small. " Also, the first zampred TSB told that in September is expected zero inflation. According to him, the main cause of inflation lies in the growth of prices for meat and milk. However, according to State Statistics Service, not only expensive meat and dairy products. In the last week of August clearest - at 0.6% - went preserves, eggs, rice and salt, a little less than risen in price individual species sausages and confectionery products, as well as dairy mixes for child nutrition. According to Ulyukaeva, mostly rising prices linked to macroeconomic factors. Thus, with increased funds, which turned in the Russian economy, and rising consumer prices. In 2008, growth in money supply in circulation in one and a half times less than in 2007 - m, and thus, by the end of the year can be expected that inflation will not exceed the official forecast of the government. (there was more, but it was just some nonsense about how they will never miss an opportunity to lob a nuke at Cheney next time he is in the hood).