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.

 

 

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.

Big Dots. Do They Connect?

 

Just came across an intriguing theory about Sergei Skripal, the former Soviet/Russian military intelligence agent who spied for Britain, and, along with his daughter Yulia, was nearly killed this spring by a dose of the nerve agent Novichok in the town of Salisbury, England, where they live.

In a March 21 interview on the John Batchelor Show, Gregory R. Copley, editor and publisher of Defense and Foreign Affairs, posited that Sergei Skripal is the unnamed Russian intelligence source in the Steele dossier.

Copley further explained (or tried to explain) to Batchelor (who kept cutting him off): “The people who wished to see Skripal become quiet were people in Washington, the Democratic National Committee, the Clinton campaign, and people around Christopher Steele himself. I’m not saying necessarily that MI6 or the British government had a witting hand in it, but there are too many people who had an axe to grind to make sure that Skripal did not –“

In Open Dissent

BERLIN (Own report) – The G7 summit in La Malbaie, Canada, ended in open dissent on Saturday without a joint final declaration. After the G7 state and government leaders had already agreed on a joint statement, US President Donald Trump withdrew his endorsement. The document is still supported by the other six G7 states and is occasionally referred to as the “G6” declaration, to point out the deep rift in the traditional West. Whereas German business circles still call for making concessions in the trade conflict with Washington, Foreign Minister Heiko Maas is considering new cooperation frameworks with states “beyond classical alliances, such as NATO.” This however would be in contrast to the agreement reached at the G7 summit on a mechanism aimed at a common response to cyber attacks and attacks such as the nerve agent poisoning in Salisbury. According to scholars of the German Bundestag, Moscow’s alleged responsibility has still not been proven.

Willingness to Engage in a Power Struggle

LONDON/BERLIN (Own report) – The German government still has no evidence to substantiate serious allegations it used to justify its participation in the mass expulsion of Russian diplomats from several western countries. In its response to a parliamentary interpellation, the government admits it has no findings of its own on the Salisbury nerve gas attack other than the alleged evidence presented by the British government. At the same time, the “arguments” that have been presented so far to suggest Russian guilt are loosing their credibility. The Organization for the Prohibition of Chemical Weapons (OPCW), for example, had to contradict the claim of its director general that up to a half-cup of novichok was used in Salisbury. The assumption that only Russia could have produced the neurotoxin has been refuted, since it became known that Germany had also been in possession of the agent. These unproven allegations show, more than anything else, an unrestrained willingness to escalate the power struggle with Moscow.

Russia Really Is America’s No. 1 Enemy – Depending on Who ‘America’ Is

 

US-Russia enmity is here to stay. Cold War II is a fact of life for the foreseeable future. The only questions are where, when, and how it might turn hot. That didn’t happen in Syria this past Friday the Thirteenth, for reasons yet to be explained. But the danger is by no means gone.

Rather, the threat of a major war will continue to intensify as President Donald Trump continues to stack his team with GOP retards who diametrically oppose his oft-repeated desire to improve ties with Moscow. Whether or not his desire is genuine is irrelevant. With each new appointment to the National Security Council and the State Department the Russophobic critical mass grows.

Personnel is policy. The door to rapprochement is being nailed ever more firmly shut

On The Threshold of War

“The Russian view is simple: the West is ruled by a gang of thugs supported by an infinitely lying and hypocritical media while the general public in the West has been hopelessly zombified.” — The Saker

https://russia-insider.com/en/russia-ready-war-mood-prime-time-tv-grim/ri23019

“The US generals, unlike the US politicians and media and US administration, are risk-averse if the outcome may be catastrophic.” — Gilbert Doctorow

https://russia-insider.com/en/were-not-going-war-not-yet-last-nights-russian-tv-analysis/ri23024

Above are two of the three most intelligent and reliable Russian experts. The third is Professor Stephen Cohen, who worries, as I do, that an arrogant Washington drowning in hubris is provoking Russia to war.

The Saker has concluded that the Russians have concluded that it has been a mistake to put up with Washington’s lies, insults, and orchestrated events and have decided that if the dumbshit Americans attack Syria, Russia is going to take out the US forces involved.