Commodity Trade Mantra

Posts Tagged ‘John Kerry’

China to Obama: “Shut Up and Mind Your Own Business”

First Russia, and now China. The US is being firmly put in its place by the emerging superpowers in the world. First it was President Putin standing up to Obama over Syria in 2013. Then again in early 2014, Putin stood up to the US sanctions. Now China has sent a sharp official message to the US, warning it to stop meddling.

Russia & India Begin Negotiations To Use National Currencies, Bypassing Dollar

Suddenly India is now the great Asian wildcard. India agreed with Russia to create a task group to work out a mechanism for using national currencies in settlements. Another major bilateral arrangement is set up that completely bypasses the dollar. Japanese companies are also looking to shift to India due to political problems in China.

Russia Threatens to Impose Sanctions

Sanctions work, sort of, against Iran because the market there is miniscule. If Russia imposes retaliatory measures, you can bet sanctions cooked by the West will fizzle in short order. Obama & Congress may rant about the evil Vladimir Putin & the aggressive Russian bear, but that’s all hot air & rhetoric.

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