Thursday, August 7, 2014

Europe Furious That Putin Dares To Retaliate To Sanctions, Blames Economic Slide On Kremlin

As Putin predicted, US-led NATO economic sanctions against Russia will have a boomerang effect, hurting the US and Europe as much, if not more.  Russia is pivoting to other trade partners, including the BRICS and especially China.

The overarching (but unreported) problem is these sanctions are merely accelerating the demise of the USDollar as the global reserve currency.  Well done, US politicians.  You've just hastened the decline of America's standard of living.

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