Given the EU dependence on Russia for energy supplies, a whole European continent could be plunged into darkness — literally — overnight at Putin’s command. Russia supplies Europe with most of its Natural gas used for cooking and heating supplying 38% of their energy reserves , Putin said if Europe continue with these military actions he will turn off their supply.. Guess who has offered to keep suppling them with stolen middle eastern / African gas if this happens... yes Obama... Likewise, the very tenuous US economy could be sent into a dive were Russia and China to collude in selling US Treasuries. If Russia then stopped payment on all outstanding loans to the West and withdrew all cash from Western banks, there would be significant economic damage. Payments are now being shifted to the SDR so the US dollar will collapse . Its a Ponzy scheme based on the FIAT and they owe 13 trillion dollars min. World GDP is 14.9 trillion so figure that one out Even worse, if Russian initiative completely terminated the use of the US dollar as the reserve currency that it’s been since 1944. As the largest exporter of oil and gas in the world, Russia could probably collapse the petrodollar by itself, but if it could get its ally China to join in, America would become a Third World Country
Posted on: Fri, 21 Nov 2014 07:53:18 +0000
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