Thursday, June 12, 2014

Obama's 'sanctions' will hurt us more than any Russian

From a post over at SHTFPlan:

The Russians are actually making a move against the petrodollar.  It appears that they are quite serious about their de-dollarization strategy.  The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros.  And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom.  There hasn’t been a word about this from the big mainstream news networks in the United States, but this is huge.  When you are talking about Gazprom, you are talking about a company that is absolutely massive.  It is one of the largest companies in the entire world and it makes up 8 percent of Russian GDP all by itself.  It holds 18 percent of the natural gas reserves of the entire planet, and it is also a very large oil producer.  So for Gazprom to make a move like this is extremely significant.

Did our Idiot-In-Chief really think he could intimidate Putin? Somehow I don't think some mom-pants wearing faggot in a helmet, pedaling a girlie bike, is going to 'put the fear of God' into a man who controls 18 percent of the worlds natural gas reserves. What does obama think to threaten him with? Taking money from US banks that Russia has invested in? They're already pulling their money out, because not only do they know the dollar is going to collapse, but they are actively precipitating it.

Welcome to the fall of the Western Empire, brought to you by The Great Caesar himself, Obama the Liar.

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