? Russia and China Threaten to Destroy the Almighty Dollar *video*

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Published : March 09th, 2014
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Category : Crisis Watch

Published on Mar 7, 2014


Russia Threatens to Drop The Dollar and Crash The U.S. Economy if Sanctions Are Imposed - Obama Signs Sanctions Anyway.

Thanks to StormCloudsGathering for compiling the data that was used in this video. Visit his channel and consider subscribing!

Is Russia bluffing, or is the world as we know it about to change for ever?

On Tuesday Reuters reported that a Kremlin aid Sergei Glazyev had announced that if the U.S. were to impose sanctions on Russia Moscow may drop the dollar as a reserve currency and refuse to pay off any loans to U.S. banks saying that Moscow could recommend that all holders of U.S. treasuries sell them if Washington freezes the U.S. accounts of Russian businesses and individuals.

"We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," said Glazyev.
"An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system"

That statement is startling by itself, but the true gravity of this situation is only evident when you consider it in context. China has taken Russia's side in the Ukraine conflict (they are after all allies) and China holds the lion's share of U.S. treasuries. If Russia puts out the call to drop the dollar China would have a choice: either hold on to those treasuries while the dollar slides (losing their shirt in the process) or join Russia and dump their holdings as well. It should be pretty obvious which way China would go.

Related: The Extreme Right Emerging as the Dominant Voice in Ukraine

The effects of a coordinated bond sell off by China and Russia would be earth shattering. This would be the financial equivalent of a nuclear bomb being dropped. It is no exaggeration to say that such a move would mark the end of an era.

You would think that this would prompt some serious reflection and that diplomats would be scrambling to resolve this peacefully, but instead today Obama signed a sanction order anyway and revoked the visas of a number of Russian officials. All of this supposedly in response to the violence in Kiev even though we now have leaked phone conversations that indicate that it was in fact the new coalition government in Ukraine that was responsible for the shootings and that the West knows this. Combine this with the fact that several U.S. officials met directly with known Neo-Nazi leaders prior to the coup in Ukraine and these sanctions are even more non-nonsensical.

Related: Ukrainian War: Russian Council Unanimously Approves Military Deployment - Seizes Two Airports

Russia warns the U.S. that they will drop the dollar if sanctions are imposed, and says they will call for others to drop the dollar as well: http://in.reuters.com/article/2014/03......

In response the U.S. imposes sanctions and visa restrictions on Russian officials: http://www.theguardian.com/world/2014......

China and Russia are in Agreement about the situation in Ukraine: http://news.sky.com/story/1219922/rus......

Russia warns it could crash the U.S. economy if sanctions are imposed: http://www.rawstory.com/rs/2014/03/04......

Data and Statistics for these countries : China | Russia | Ukraine | All
Gold and Silver Prices for these countries : China | Russia | Ukraine | All
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Does this add credence to the theory that Obama has been bent on turning America in to a third world country from the start? You can guess my opinion. China and Russia have been looking for ways to drop the USD for some time.
Best not forget that Japan holds a bunch of USTs.
If Russia starts dumping USTs, will Japan hold, sell or buy additional US paper?
The primary motivator for individuals, companies and nations is their own version of perceived "necessity".
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Would Japan be able to buy that many more treasuries, even if they wanted to? They're seemingly in worse shape than The U.S. That leaves China as the next big buyer, and I think China would love to see our economy go up in smoke, even if it would be damaging to their own economy.
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Would Japan be able to buy that many more treasuries, even if they wanted to? They're seemingly in worse shape than The U.S. That leaves China as the next big buyer, and I think China would love to see our economy go up in smoke, even if it would be  Read more
samking73 - 3/10/2014 at 3:38 AM GMT
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