Showing posts with label economic consequences. Show all posts
Showing posts with label economic consequences. Show all posts

Monday, October 20, 2014

One Step Closer to EU---for the worse







What it seems to be a one step closer to EU integration could result in the loss of it's own native banks or should i say, homegrown economic structure. I am not an economics guy but forced capitalism is somehow making everything worse in Serbia as well as those countries that looks into an EU future.

The RSD dropped by 0.05, putting the middle exchange rate at 119.5510 against the EU. While that seems small, it is another step to EU integration.

This is the lowest value of the domestic currency against the euro his year, the National Bank of Serbia (NBS) has stated.

The NBS sold EUR 10 million on the Interbank Foreign Exchange Market to prevent excessive volatility of the dinar. The Serbian currency is down 0.6 percent against the euro compared to a month ago and 4.7 percent compared to a year ago. The indicative exchange rate with the US dollar is up by 0.4 percent, at RSD 93.6993 for USD 1. The dinar is down 2 percent against the dollar compared to a month ago and 11 percent compared to a year ago. The dinar was at its highest middle value on January 1 this year, when EUR 1 was RSD 114.6421. Its previous lowest value was recorded on October 8, when EUR 1 cost RSD 119.5502. The NBS has bought EUR 200 million and sold EUR 1.145 billion on the Interbank Foreign Exchange Market since the start of the year to prevent excessive volatility of the dinar.

Friday, June 6, 2014

Sanctions will hurt more not Russia but the world

So, Barrack "Hussein" Obama wants a piece of the Russian bear's economic warheads? Does he think it will solve the crisis in Ukraine? Oh wait. What we are told by his subordinates that Ukraine is supported by peaceful Maidan protesters? Well, i can laugh or get angry about that depending on the situation or what the news tells me.

Ultranationalists? That's not on my dictionary but to educate these Westernized audience, ultranationalists is a nationalistic stance that values the state but wants no outsiders and a pure and one ethnic society. While nationalism is the spirit of the people regardless of their ethnicity or were they came from for their home/host country.

Why not Obama reconsider, since the way he attacks Russia is a revenge for Syria, since he is on the losing side while true Syrians are getting back their land from the foreign backed terrorists. Or, why not we spread the truth that Obama wants to sell arms along with terrorist and imperialist friends for the dreadded Obamacare, which covers any anti-religious laws that deemed to destroy society.

Ok, there are Russian billionares and sanctions but they will just find other ways and there are a lot of room for them to trade because whe you put a sleeping dog in full panic mode, that dog will rise and become angry and vengeful. Oh, bear i mean. Not trading with Russia and for the next winter is devastating for Western and central Europe, since Russia has the keys to the European oil reserve by almost 90% like the common pop culture reference of Saint Peter holding the keys to heaven for those worthy.

Mr. Obama, daring Russia will hurt the world and you will just make the Ukrainian crisis a living hell for innocent and brainwashed people. Stop thinking like an ass(lama like animal) or some brainless animal and think for what is right!