The New Cold War

[unhappycamper]

http://watchingamerica.com/News/230492/the-new-cold-war/



Ordinary Americans really do not think about Russia. The problem, however, is that political decisions are not made by ordinary Americans.

The New Cold War
Vzgliad Daily, Russia
By Oleg Makarenko
Translated By Elena Michalski
17 January 2014
Edited by Sean Feely

According to a persistent myth, not only is there friendship between all democratic countries, but those countries also do their best to help countries that are not democratic enough.

~snip~

The Dollar

All the financial strength of the U.S. is based on the dollar and all of U.S. military power is based on its financial strength. For the U.S., it is critical nobody even thinks of encroaching on the hegemony of its currency. The whole planet does international trade in U.S. dollars and keeps gold reserves in dollars.

For Russia, it would be more beneficial to use its own currency, the ruble, which is firmly secured by hydrocarbons. However, in the U.S. point of view rejection of the dollar means theft of its money because then the United States will cease to profit from Russian trade.

Moreover, if a country as powerful as Russia ceases to use the dollar, this might start a chain reaction of countries transitioning to their national currencies. The dollar zone will become smaller, the dollar exchange rate will fall, and the U.S. economy will fall into a deep crisis for a couple of years.

[bemildred]

1. No, we can't afford it, and neither can Russia.

You want to know why Obama protects the bankers? This is why:

All the financial strength of the U.S. is based on the dollar and all of U.S. military power is based on its financial strength. For the U.S., it is critical nobody even thinks of encroaching on the hegemony of its currency. The whole planet does international trade in U.S. dollars and keeps gold reserves in dollars.

But I think the cold war will not be revived, at least while Obama is President, we cannot afford it.

And Snowden really threw a monkey-wrench in the gears too, I imagine the spooks are "blind" by now, or a lot "blinder" than they were last January.