It’s not the amount...it’s that they’re dumping them and the ripple effect.....
Think again.
Russia’s already affected the worlds economies....you cannot put sanctions on a nation without the effects being felt by all...it’s 2015 and the world is interconnected...and many times hardwired via pipelines.
Europe was alreayd in trouble but now using QE as of today announced. They’r e also backtracking on Russia...Bularaus wants meeting with Putin on Southern Pipeline.......IMF want Putin to roll over Ukraine’s 3 billion debt...again.
Austria and others will not agree to further sanctions...and also saying they want those in place against Russia lifted. There are others speaking out as well.
I’m very well aware of the issue and interconnectedness.
But Russia is not as big a player as you seem to think.
So the Russians are getting Euro’s for their oil and gas and those Euro’s are collapsing in their purchasing power.
If anything, it’s the Saudi’s that are trying to crush Russia in retaliation for Russia helping Iran.
Once you step outside the “US dollar destruction”, “buy gold”, “run away inflation” narrative, you may get a better idea of what is happening.
From my experience and perspective, the US Dollar should have continued it’s upward move that started in 2008. It was only when/because the FED began playing QE that the US Dollar went into a lower band trading range.
The US is the best house in a really bad neighborhood.
But EVERYTHING is relative in our connected world.
Listen, unless the FED surprises everyone and starts another round of QE, our Dollar is going to continue to move higher, a lot higher. Gold, oil and pretty much every major commodity should drop in price.
BTW, we haven’t seen anything yet when it comes to the US Dollars upward move. Right now the move is based on speculation that the FED will raise rates (in addition to the problems/QE in the eurozone and around the world).
The real fireworks will happen when the FED actually does raise rates. The money will move soo fast that your head will spin.