
US Sanctions on Russia May Sink the Dollar
• http://www.lewrockwell.comThe US government's decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself.
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The US government's decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself.
Yesterday, a reader told me about a must-read article in the German financial newspaper Handelsblatt.
Investors will gauge the strength of the euro zone's fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally.
As a small addendum to our previous post on the market situation, here is a chart recently posted by the "Short Side of Long". It shows the cash allocation reported by AAII, which surveys retail investors.
When we first brought the market's attention to high-yield credit's flashing red warning, it was shrugged off as unimportant by most -
The last 3 months have seen Russia's "de-dollarization" plans accelerate.
The answer to that question is it's not very far down the road, and I can promise you that is when all hell is going to break loose."
In response to Russia Fires Back With More Sanctions: NASA, Pepsi, McDonald's, Autos in Spotlight a close friend responded "It's a small price to pay to counter naked aggression."
The Silk Road: The Rise and Fall of the World's Largest Online Black Market.
Meanwhile, Euroclear (Europe's DTCC) Warns That It, Too, Engages in Fractional Reserve Banking Without a Reserve Requirement
MOSCOW (Reuters) - Russia will ban all imports of U.S. food products as well as fruit and vegetables from the European Union after President Vladimir Putin ordered retaliation for Western sanctions against Moscow, a state news agency reported on Wedn
The American foreign policy elite should learn something from the recent humiliating evacuation of the U.S. embassy in Tripoli, Libya ? amid the chaos of tribal civil war in that country ? but probably won't.
As we warned previously, it appears Russia is stepping up its sanctions-retaliation confirming its threat that "US will feel tangible losses."
And the Beat goes on...
The Daily Bell is pleased to present this exclusive interview with Marc Faber
But but but... the crisis is over and Europe is recovering?
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"It's a troubling continuation/expansion of trade as a geopolitical tool," warns one Washington-based consulting firm as Russia prepares to unleash retaliatory actions to US and European sanctions.
In the event of the insolvency of the Euroclear operator, Euroclear participants would have a right under Belgian law to the return of the amount and type of interests in securities credited to their accounts with the Euroclear operator.
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South American Country Could Default as Early as Next Week.