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Weekly News Wrap-Up U.S. & Russia at Odds over Ukraine, GOP wants IRS Chief Prosecuted, Sebelius, Out over Obama Care

from USA Watchdog:

This headline is only half right–“Putin turns up the heat in Ukraine.”

It should read, Obama and Putin turn up the heat. I think this is the big story, and it is being underreported. It has both financial and real war implications. Let’s start with what Russia is doing. It is now going to issue a new bond based in the yuan. Are you getting that? This is yet another move away from using the U.S. dollar to settle international trade. Russia is also hiking the price of natural gas to Ukraine by at least 50% in May. The Russian’s are going to want the cash for natural gas up front. Russia is warning of the dire debt crisis in Ukraine and how this could threaten Russian natural gas deliveries to the EU. I said it’s game on for financial war, and this is proof. Meanwhile, the U.S. is threatening more sanctions on Russia over the growing Ukraine crisis. On top of that, it is being reported by the AP, NATO’s top commander says he could start deploying U.S. troops in Eastern Europe to counter Russian military pressure put on Ukraine.

Read More @ USAWatchdog.com

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2 comments to Weekly News Wrap-Up U.S. & Russia at Odds over Ukraine, GOP wants IRS Chief Prosecuted, Sebelius, Out over Obama Care

  • Rodster

    The US continues to push Russia and Russia keeps pushing back. The main reason is because the world’s reserve currency is at stake and the US just wants to surround Russia so they are unable to properly defend themselves.

  • mac

    Greg,

    Superb! U R the man!

    Much appreciated, insightful and wide ranging….

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