Thursday, March 6, 2014

Russia throws economic sanction threats back at the U.S. and EU

There is a biblical proverb that says, the borrower is slave to the lender, and this reality is quickly availing itself on America as they attempt to threaten Russia with economic sanctions due to their invasion of Ukraine and Crimea.  However, as the harsh reality of the proverb goes, America would face more dire consequences than Russia would if the Euro-Asian superpower chooses to impose their own sanctions by dumping the dollar, dumping their Treasury reserves, and defaulting on their outstanding debts.

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