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Ghost Dog

(16,881 posts)
Wed Jun 18, 2014, 06:58 PM Jun 2014

"Anti-Dollar Alliance" To Halt US Aggression

... (W)hile the great US spin and distraction machine is focused elsewhere, Russia is already preparing for the next steps. Which brings us to Putin advisor Sergey Glazyev, the same person who in early March was the first to suggest Russia dump US bonds and abandon the dollar in retaliation to US sanctions, a strategy which worked because even as the Kremlin has retained control over Crimea, western sanctions have magically halted (and not only that, but as the Russian central bank just reported, the country's 2014 current account surplus may be as high as $35 billion, up from $33 billion in 2013, and a far cry from some fabricated "$200+ billion" in Russian capital outflows which Mario Draghi was warning about recently). Glazyev was also the person instrumental in pushing the Kremlin to approach China and force the nat gas deal with Beijing which took place not necessarily at the most beneficial terms for Russia.

It is this same Glazyev who published an article in Russian Argumenty Nedeli, in which he outlined a plan for "undermining the economic strength of the US" in order to force Washington to stop the civil war in Ukraine. Glazyev believes that the only way of making the US give up its plans on starting a new cold war is to crash the dollar system.

As summarized by VoR, in his article, published by Argumenty Nedeli, Putin's economic aide and the mastermind behind the Eurasian Economic Union, argues that Washington is trying to provoke a Russian military intervention in Ukraine, using the junta in Kiev as bait. If fulfilled, the plan will give Washington a number of important benefits. Firstly, it will allow the US to introduce new sanctions against Russia, writing off Moscow's portfolio of US Treasury bills. More important is that a new wave of sanctions will create a situation in which Russian companies won't be able to service their debts to European banks.

According to Glazyev, the so-called "third phase" of sanctions against Russia will be a tremendous cost for the European Union. The total estimated losses will be higher than 1 trillion euros. Such losses will severely hurt the European economy, making the US the sole "safe haven" in the world. Harsh sanctions against Russia will also displace Gazprom from the European energy market, leaving it wide open for the much more expensive LNG from the US...

/... http://www.zerohedge.com/news/2014-06-18/putin-advisor-proposes-anti-dollar-alliance-halt-us-foreign-aggression

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"Anti-Dollar Alliance" To Halt US Aggression (Original Post) Ghost Dog Jun 2014 OP
Ah yes. Russia and China. Two shining beacons of pacifism and human dignity. Nuclear Unicorn Jun 2014 #1
Unrec. Try to work the term, "running-dog capitalist" into posts in the future. FSogol Jun 2014 #2
ROFL. nt Cali_Democrat Jun 2014 #3

FSogol

(45,357 posts)
2. Unrec. Try to work the term, "running-dog capitalist" into posts in the future.
Wed Jun 18, 2014, 07:27 PM
Jun 2014
at "Washington is trying to provoke a Russian military intervention in Ukraine"
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