With Ukraine in the headlines Greg Hunter discusses with John Williams the complications for the US Dollar Reserve Currency Status of the ongoing Financial War. China has sold the record amount of US Treasuries in December and buying the record amount of Gold. Today US Dollar has crashed below 80.00 again and closed at 79.66. Russia has already warned US that any sanctions will come back to those who will implement it. With China siding with Russia we can expect the acceleration of De-Dollarisation now.
Update March 4th, 2014 Here we go as per Jim Rickards's Currency Wars template:
"While the comments by Russian presidential advisor, Sergei Glazyev, came before Putin's detente press conference early this morning, they did flash a red light of warning as to what Russian response may be should the west indeed proceed with "crippling" sanctions as Kerry is demanding. As RIA reports, his advice is that "authorities should dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine." Glazyev said the United States would be the first to suffer in the event of any sanctions regime. “The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia,” Glazyev said. “Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don’t depend on them in any way.”"What is connecting so different countries as Ukraine and Syria? The big chess game played by the U.S. and Russia. Syria needs to be "liberalised" in order to build pipelines for the natural Gas to be supplied from Qatar to Europe. Russia and China have blocked that game and they have Ukraine revolution 2.0 now. Putin's dream is to rebuild USSR as the Eurasian Union and Ukraine is the key to his success. He will not back out of it easily. One thing is an insult in the ice hockey defeat by the U.S. in Sochi and another thing is to lose "Small Russia". On the map below you can see why Ukraine is so important geopolitically, it is all about Energy again. Key supply natural Gas routes from Russia to Europe are crossing this country."