Friday, March 14, 2014

Spot the Spam

"It looks odd, but I'm desperate for business so..."

Fober LTR is the most famous manufacturer of paints and wall hung gas boilers from Romanian market.More about us you can find visiting our website" "
We are interested in purchasing some barrel type commutators for electric forklift's motor.
i'd like to send you a drawing with dimensions of that item, so please send me your email's adress., to contact you directly .
Hopping in your early reply,
Kind Regards,
Purchasing Dept.
eng.Cristina Butnar
"Paints and 'wall hung gas boilers'?  What could possibly go wrong?"

[Update: I changed the name of the company, but this message actually turned out to be legit.]

Tuesday, March 04, 2014

Full Bluff

ZH notes a Russian advisor who said:
"We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”
Sooo, you sell your US Treasuries in your quest to destroy the dollar and in doing so you now no longer have ~$200 billion in Treasuries but ~$200 billion in US dollars.  Now Mr. Ruskie, what are you going to by with all those greenbacks since the whole reason that you bought Treasuries to begin with wasn't out of kindness but because you did not want to buy anything else.

The hope on his part, I guess, is to drive up interest rates to the point that America would have to fully monetize it's debt and radically devalue, if not destroy, the dollar.  This could only happen if they were to cause a panic since the Federal Reserve, as ZH notes, would have those Treasuries sponged from the marketplace in three months tops.