Iran Sanctions, Emerging Markets And The End Of Dollar Dominance

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The trade war is a rather strange and bewildering affair if you do not understand the underlying goal behind it. If you think that the goal is to balance the trade deficit and provide a more amicable deal for U.S. producers on the global market, then you are probably finding yourself either confused, or operating on blind faith that the details will work themselves out.

Case in point, the latest reports that the U.S. trade deficit is now on track to hit 10-year highs, after a 7% increase in June. This is the exact opposite of what was supposed to happen when tariffs were initiated. In fact, I recall much talk in alternative media circles claiming that the mere threat of tariffs would frighten foreign exporters into balancing trade on their own. Obviously this has not been the case. Continue reading

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

Big Dots. Do They Connect?

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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 –“ Continue reading

‘Don’t threaten a NUCLEAR power’: Putin REJECTS British ultimatum on Russian spy attack

Vladimir Putin Russian spy attack news

Putin’s envoys in the UK have refused to respond to Britain’s ultimatum over the Russian spy attack (Getty-EPA)

 

VLADIMIR Putin’s envoys in the UK have refused to respond to Britain’s ultimatum over the chemical attack on former Russian spy Sergei Skripal and his daughter Yulia in Salisbury. In a statement on Twitter the Russian embassy threaten retaliation if Theresa May was to respond with “punitive measures”.

Theresa May earlier issued Russian President Vladimir Putin  24 hours to respond to claims that Russia was “highly likely” behind the attempted murder of Mr Skripal and his daughter Yulia.

The ultimatum has sparked World War 3 fears as Whitehall sources revealed the Prime Minister could launch a cyber attack on Russia in the wake of recent events. Continue reading