The Phaserl


Forget Russia Dumping U.S. Treasuries … Here’s the REAL Economic Threat

from Washington’s Blog:

Russia threatened to dump its U.S. treasuries if America imposed sanctions regarding Putin’s action in the Crimea.

Zero Hedge argues that Russia has already done so.

But veteran investor Jim Sinclair argues that Russia has a much scarier financial attack which it can use against the U.S.

Specifically, Sinclair says that if Russia accepts payment for oil and gas in any currency other than the dollar – whether it’s gold, the Euro, the Ruble, the Rupee, or anything else – then the U.S. petrodollar system will collapse:

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2 comments to Forget Russia Dumping U.S. Treasuries … Here’s the REAL Economic Threat

  • RICH

    Carlyle Group Goes for Gold reported:

    Vermillion, the commodity arm of the formidable US private equity group Carlyle Group, started trading a new gold and base metals fund this month as it seeks to rebuild market presence after losing more than half of its capital, Reuters reported this week. It’s not a big fund, with capital of just $122.5m from 23 investors, but it looks interesting.

    Despite Vermillion’s ups and downs in commodities, the fund has “won a liking for its physical premium play in metals, combined with options trading”, Reuters reported.

    Reuters reported:

    Vermillion lost more than a $1 billion in assets under management last year.

    Vermillion’s assets fell from above $2 billion in March 2013 to around $900 million by December.

    How might formidable Carlyle (and its long term money) recover their investment in Vermillion?

  • Ed_B

    “And China is quietly becoming a gold superpower…”

    Quietly? Hardly. The MSM may be deaf, dumb, and blind about this but the alternative media has been shouting this at the top of their lungs for years… and backing it up with facts, figures, and the charts representing them.

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