Russia Finance Minister: We May Abandon Dollar In Oil Trade As It Is Becoming “Too Risky”

Breaking the tie between oil and the U.S. Dollar means the collapse of the U.S. Dollar as the world reserve country. Collapsing of the U.S. Dollar as world reserve currency means the collapse of America. Ghadaffi attempted it, as well as Saddam Hussein and look how that worked out for them. Iran, Syria, China, Russia all want to. Economic warfare always precedes a hot war, in case you were wondering what’s around the corner.

 

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One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bonds in just two months, March and April.

And with the US threatening to impose a new set of “crushing” sanctions on Russia, including in retaliation for the alleged Novichok nerve gas attack in the UK, Russia not only intends to continue liquidating its US holdings, but to significantly reduce its reliance on the US Dollar. Continue reading

Troop Exercises: Turkey Prepares for Retaliatory Syrian Gas Attacks

What would happen if NATO intervenes in Syria? Turkey, for one, fears that it could be attacked with chemical weapons in retaliation. The country has criticised the United Nations for being too hesitant and is willing to take action itself against Assad — without a UN mandate if necessary.

Since the nerve gas attack in Syria last Wednesday, in which hundreds of people were reportely killed near the capital Damascus, politicians and generals in Turkey have been asking a frightening question: If the situation escalates, for example if the US carries out a military strike, would Syria fight back? And would Syrian President Bashar Assad dare to attack Turkey, and therefore NATO, using chemical weapons? Continue reading