Posted on 03/04/2014 10:33:53 AM PST by marshmallow
MOSCOW, March 4 (RIA Novosti) – An adviser to Russian President Vladimir Putin said Tuesday that authorities would issue general advice to dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine.
Sergei 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.”
Glazyev noted that Russia is a creditor to the United States.
"We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”
According to US Treasury data from the end of 2013, Russian investments in US government bonds total around $139 billion out of a total of $5.8 trillion of US debt held in foreign hands.
US Secretary of State John Kerry on Saturday warned that Russian military interventions in Ukraine, which have been justified by the Kremlin as protection for residents in heavily ethnic Russian-populated regions, could result in “serious repercussions” for Moscow.
(Excerpt) Read more at en.ria.ru ...
In a sane world, what you say holds, but with tensions rising worldwide ...
I am reminded of that scene from "The Godfather" where Clemenza is instructing Michael how to shoot the pistol to assassinate Capt. McCluskey and Sollozzo. Michael asks how bad will the aftermath/blowback be. Clemenza replied, "Pretty bad. But these things have to happen every 10 years or so to get rid of the bad blood."
And of course, the "Sage of Monticello" had something to say about that also ...
“I hold it that a little rebellion now and then is a good thing, and as necessary in the political world as storms in the physical. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure.” Thomas Jefferson, POTUS #03
“The Fable of the Scorpion and the Frog”: A scorpion asked a frog to carry him across a river. The frog is afraid of being stung during the trip, but the scorpion argues that if it stung the frog, the frog would sink and the scorpion would drown. The frog agrees and begins carrying the scorpion, but midway across the river the scorpion does indeed sting the frog, dooming them both. When asked why, the scorpion points out that this is its nature. There is also a variation in which the final words of the scorpion are "It is better we should both perish than that my enemy should live."
Yes, and everyone is too afraid to admit that truth. The world will just continue on as before, the Fed machine can keep on moving decimal places on flat screens, 401Ks and IRAs will soar, and nothing will ever happen to change any of this. OK?
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