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By Jim Sinclair -
Yesterday, Thursday the 20th, the Obama Administration stepped up the sanctions against Russia over Crimea. The sanctions still focus on selected banks and targets in terms of people.
This is a very dangerous “tit for tat” approach. An eye for an eye only ends up with a blind world.
The dollar reacted because that market (dollar) knows Russia has a nuclear economic weapon it can let loose on the West. The US dollar depends on its universal use in settling energy contracts.
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