Build up to WW3 - U.S. Not Playing Games With Russia

US Secretary of state John Kerry says America and its allies are not prepared to play games with Russia and are discussing sanctions against Moscow Britain and the US are planning further sanctions against Russia if violence in eastern Ukraine continues.

He said the United States and its allies were not prepared to play games with Russia and are discussing additional sanctions against Moscow over its role in eastern Ukraine.

“We are talking about additional sanctions, about additional efforts, and I’m confident over the next days people will make it clear that we are not going to play this game... and be part of this kind of extraordinarily craven behaviour.”

Meanwhile Ukraine’s military and Russia-backed separatist rebels have accused each other of continuing to mount attacks a week after a ceasefire was called. Russia’s Finance Ministry Finance Minister Anton Siluanov said Moody’s Investors Service ’s downgrade of the country’s debt rating to junk status was primarily driven by political factors. Earlier, Moody’s downgraded Russia’s sovereign debt rating to junk status, citing the conflict in Ukraine, low oil prices and the weakened ruble. The rating was lowered to Ba1 from Baa 3.

Investors unloaded some rubles on the news of the downgrade, lifting the dollar to a 0.6% gain against the Russian currency during the North American session.In an e-mailed statement, Mr. Siluanov said Moody’s assessment is “not only overly negative, but also based on an extremely pessimistic outlook, which has no analogues today.”

“The agency has ignored all the information provided to it about the current state of the Russian economy, its budgetary and financial policy, which has been provided to it,” the minister said, adding that Moody’s based its decision primarily “on political factors.”

Moody’s believes “the government’s financial strength will diminish materially as a result of fiscal pressures and the continued erosion of” Russia’s foreign exchange reserves due to capital outflows and restricted access to international capital markets. It appears President Obama’s “costs” imposed on Russia have boomerang’d just too much for Europe to take. As Reuters reports, The EU is seeking to create a single energy market, based on cross-border connections to improve security of supply and reduce dependence on Russia, which supplies roughly one third of EU energy. The headline pivot away from Putin, likely misses the fact that there is very little a stagnating Europe can do, even in the medium term, to ‘reduce’ dependence on Washington’s nemesis.

Stars and Stripes reports that NATO’s Allied Land Command is using techniques used against the Taliban in Afghanistan to prepare its ground forces for a war with Russia in Europe. Earlier this week John Williams warned that hyperinflation will begin to appear in America sometime in 2015. He noted that, though the dollar is currently strong compared to other fiat money, signs that a currency collapse is coming will begin with the sell-off of the U.S. dollar.

So yes – it will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia. We will see a complex geostrategic interplay progressively undermining the hegemony of the US dollar as a reserve currency and, most of all, the petrodollar.

For all the immense challenges the Chinese face, all over Beijing it’s easy to detect unmistakable signs of a self-assured, self-confident, fully emerged commercial superpower. President Xi Jinping and the current leadership will keep investing heavily in the urbanization drive and the fight against corruption, including at the highest levels of the Chinese Communist Party (CCP). Internationally, the Chinese will accelerate their overwhelming push for new ‘Silk Roads’ – both overland and maritime – which will underpin the long-term Chinese master strategy of unifying Eurasia with trade and commerce.





The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more