Sunday, March 30, 2014

Russia’s secret weapon: crashing US economy by collapsing petrodollar

http://voiceofrussia.com/news/2014_03_28/Russia-s-secret-weapon-crashing-US-economy-by-collapsing-petrodollar-5071/

Russia can collapse the United States, prominent US trader Jim Sinclair believes. The economist, famous for his forecasts, explains that the strength of the dollar is based on the US agreement with Saudi Arabia that all contracts for fuel deliveries be in the US dollars. Now, Moscow can collapse the petrodollar in one moment. The slapping of sanctions on Russia is tantamount to a shot in the foot. The expert explains that the only true value in the world today is the petrodollar. But Russia can collapse it by demanding Euros or Yuan for its oil.
Read more: http://voiceofrussia.com/news/2014_03_28/Russia-s-secret-weapon-crashing-US-economy-by-collapsing-petrodollar-5071/

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