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Empire on edge: Kerry’s hastily put together trip to Moscow is more about the US dollar than about Ukraine & Syria
Greetings,
Empire on edge: Kerry’s hastily put together trip to Moscow is more about the US dollar than about Ukraine & Syria
Is this why Kerry begged for a meeting with Russian President Putin and much of his top staff? Russia is still ticked over America helping and even engineering Turkey’s downing of it’s SU24 fighter bomber.
More that striking back militarily, Russia has moved pieces on a scale on like anything before in every area. Kerry got a whiff of Russia showing it’s displeasure by finding out that Russia’s new market will open selling commodities, oil, gas, and other things in major currencies that will not be exclusively dollars.
This followed on by Russia’s move to publicly announce that it has partnered with China to push for international recognition of Yuan/Ruble trade with other nations sidelining the dollar.
On the heels of these moves, Russia then sells off billions in US holdings. Yes we know that Ukraine & Syria will be on the list for discussion, but what about Russia’s most brazen moves lately to oust the dollar from trade and commerce?
Russia Reduces Holdings of US Securities by $7Bln in October
The US Department of the Treasury announced that Russia decreased its holdings of US securities by $7 billion in October.
WASHINGTON (Sputnik) — Russia decreased its holdings of US securities by $7 billion in October, the US Department of the Treasury announced in a report.
Russia had $82 billion of US securities in October compared to $89.1 billion in September, the Treasury Department said on Tuesday.
The reduction is the second in a row after Russia increased its holdings from $69.6 in February to $89.9 in August.
Russia is fifteenth on the list of holders of US securities, just after Singapore. China and Japan lead the list.
Read more: http://sputniknews.com/business/20151216/1031806047/russia-reduces-us-securities-holdings.html#ixzz3uS4zkJWj
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