Loading ...to ponder.
No doubt the US wants dollar dominance and a move away forces it into a difficult way of life. But why Russia?
Russia is not an economic powerhouse. Europe can do little in the short run about relying on Russia for gas, so why provoke? I just wonder if Russia isn’t going to do the unthinkable and link its currency to gold in the way Jim Sinclair stated years ago.
For countries in the West and Japan in the East it would be a complete disaster for their bond markets. Just a thought.