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Furious Russia Will Retaliate Over “Illegal And Absurd” Payment Block By “Hostile” JPMorgan

April 2, 2014

For whoever missed it, yesterday JP Morgan blocked all Russian money transfers all on their own. There are no reports of additional sanctions being place by the US, just JPM moving ahead and really angering Russia. With Russian foreign ministry described the JPM decision as “illegal and absurd” this move could have ramped up the tensions between the west and Russia.

Click here to read the post over at Zero Hedge.

Discussion
34 Comments
    Apr 02, 2014 02:38 AM

    Looks like premiums on gold and silver coins are very low! Apmex.com

    Apr 02, 2014 02:53 AM

    I doubt any of us missed it, as that is what caused the “pop” in gold/silver. Something is going on here and we will be the last to know…..JPM did not do this on their own. This is very dangerous, playing with international settlements & IMHO could get out of hand.
    This is why we all have our “basic stash”. Tooooo many “black swans” flying around for sure.

      Apr 02, 2014 02:49 PM

      Don’t get underneath them as they fly overhead!

    Apr 02, 2014 02:08 AM

    Jamie D…..better look out…..messing with the Russians…….

    Apr 02, 2014 02:21 AM

    Jerry,
    How r you….? Hope all is well with you and yours! Yes, Jamie is playing with fire..but hasnt he been doing that all along..I mean the guy flaunts the laws and seems like he could care less….but, this – this different – very different!

      Apr 02, 2014 02:29 AM

      Marc……thanks for asking….I am great…….how about you?
      I h

      Apr 02, 2014 02:38 AM

      Jamie may get away with it in the USA AND EU…….but, THE PUTIN, is another matter, Cyprus was a signal a few months back, and Putin has put out a MESSAGE TO ROTHCHILD , the MORONS AT MORGAN are dealing with another kind of individual that is more head strong and could care less, what the world thinks…………Morgan is messing with FIRE……….

        Apr 02, 2014 02:50 PM

        I happen to agree with you, The Short

    Apr 02, 2014 02:35 AM

    J/Marc – you perhaps saw Max Keiser brawling with Jamie on Keiser’s recent blog. Hilarious if it wasn’t so sad.

    As for currency wars they invariably lead to shooting wars. Nor is it just JPM acting stupid, Visa and Master card are blocking some Russian transactions. I can see Russia entering Transdniester for no better reason than it’s now seriously pissed off.

    http://www.bbc.co.uk/news/business-26678145

      Apr 02, 2014 02:42 AM

      Andy……I saw Keiser……thought the situation was in deed sad.
      I am not sure we are going to see a shooting war…..only, Jamie better get a parachute sewn into his clothing, or spout wings…..Just because he has a lot of money does not mean he is immune to danger…….

        Apr 02, 2014 02:44 AM

        the Russians ,,,and the Chinese together are and will be a big match for the Banksters.

          Apr 02, 2014 02:51 PM

          Certainly will, The Short!

    Apr 02, 2014 02:12 AM

    I had similar thoughts b – Like Jamie ‘choosing’ to take a dive off a high-rise like is it around 15 or more other bankers?

      Apr 02, 2014 02:20 AM

      b or J?……………….
      I read several months ago, Jamie was thinking of retiring and wanted to open up a fishing camp in Alaska….., Jamie should think twice about being to so close to Russia, …he might wind up being Alaskan crab bait.

        Apr 02, 2014 02:33 AM

        J….If you are interested the second live debate between , deputy PM CLEGG , .& NIGAL FARAGE of UKIP….IS taking place at 7pm UK time…you can find it at the BBC..There may be mention of the RUSSIA situation……..BTW..FARAGE won the last debate…its about the UK staying in the .EU.

          Apr 02, 2014 02:42 AM

          Irish……….thanks………for the info……..Jerry………
          I am going by a new moniker, since the publishing business is down, and Owl needs a rest………

          Apr 02, 2014 02:22 PM

          What I saw of the second debate Tony was Farage winning once more. Clegg looks wooden and sounds unconvincing!

            Apr 02, 2014 02:14 PM

            Andrew…Farage …sure won it…Clegg just came out with the usual government lies. You know reading from the script….same old same old….UKIP is scaring the S£$T out of the GOV. The same way as PUTIN has the west on the back foot. Lastl time I looked the poll showed ..UKIP 68%…Clegg 27%….nuff said.

            Apr 03, 2014 03:20 AM

            Goes on winning Tony judging from a Radio 2 interviews today. Farage says such obvious things like turning on the clowns who came very close to waging war on Syria over false info.

    Apr 02, 2014 02:47 AM

    JERRY/////..18:46…

      Apr 02, 2014 02:51 AM

      thanks…………..THAT means the show is about to start …

        Apr 02, 2014 02:58 AM

        YOUR WELCOME.

      Apr 02, 2014 02:58 AM

      HECK..JERRY….You gave into the BIG FELLOWS threats , & folded…..Well thanks a lot pal !!!……I had a launch date for your publishing Co. set for MAY1st…here in HASTINGS…in the local community hall….(the old dears were not happy to give up their bingo night )…….So I have just lost the booking fee of…..£11.50…..that could have bought me 1/2 ounce of silver…..so once again..Thanks a lot ..MATE….not.

        Apr 02, 2014 02:37 AM

        May Day………..we will launch again……….we will have to have an introduction date, and a introductory offer……….maybe 1/2 price to start ,,,and once they get hooked, we can double the price………..I like loosing money for the cause, me and big al are alike in that thought………..ooooooooooootb

          Apr 02, 2014 02:05 PM

          Heck, The Short, I loose money all the time!

        Apr 02, 2014 02:04 PM

        Bingo is gambling! Common Mr. Irish you know better than that. Oh wait a minute I forgot, you are a Catholic. (A bit of humor!)

          Apr 02, 2014 02:23 PM

          Become an Anglican Al….anything goes!

            Apr 02, 2014 02:56 PM

            Isn’t the bottom line that we are all the same with one boss!

            Apr 02, 2014 02:35 PM

            You got that right, I once worked at night on lighting in the attic of a rather large Anglican church, Peyton Place pails in comparison. DT

            Apr 02, 2014 02:19 PM

            Really?