VIDEO: "He's (Putin) got a nuclear economic bomb" - Interesting discussion on US petrodollars, Ukraine, war, etc.

03/23/2014 - 00:00

(Start the video at 6:00 minutes in... Sorry, Having an embedding problem for some reason)

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.