Gold expert Jim Sinclair is issuing a warning of a massive downside risk to U.S. sanctions against Russia. Sinclair says watch the “struggling dollar” and Russia accepting any currency for oil and natural gas. Sinclair explains, “It’s struggling . . . because it smells the real teeth of retaliation for sanctions being in the simple acceptance of any currency whatsoever for payment for gas to Europe. Believe me, they will settle in other currencies. . . . It makes energy cheaper. Why in the world would anyone want to pay in dollars if they can pay in their own currency? Russia could retaliate in a way that would have phenomenal impact on the U.S. dollar. . . . Russia has the upper hand. They have it in their ability to turn the U.S. economy upside down and into collapse. There is no question whatsoever. Putin doesn’t need a nuclear bomb. He has a nuclear economic bomb that he can set off at any time.”
SEVASTOPOL/SIMFEROPOL, Ukraine (Reuters) – Russian troops and unarmed men stormed Ukraine’s naval headquarters in the Crimean port of Sevastopol on Wednesday and raised the Russian flag in a tense but peaceful takeover that signals Moscow’s intent to neutralize any armed opposition.
Russian soldiers, and so-called “self-defense” units of mainly unarmed volunteers who are supporting them across the Black Sea peninsula, moved in early in the morning and quickly took control.
Shortly after the incident, Ukraine’s acting Defence Minister Ihor Tenyukh said in Kiev that the country’s forces would not withdraw from Crimea even though Russian President Vladimir Putin has signed a treaty to make it part of Russia.
But an hour later, Ukrainian servicemen, unarmed and in civilian clothing, began walking out of the headquarters.
Alvaro Villarueda starts his morning the same way every day — putting in a call to his friend who has a friend who works at a Caracas, Venezuela, supermarket.
Today, he’s looking for sugar, and he’s asking his friend if he knows if any shipments have arrived. As he talks on the phone, his wife Lisbeth Nello, is in the kitchen.
There are 10 mouths to feed every day in this family — five of them children. The two youngest are still in diapers.
“The things that are the scarcest are actually what we need the most,” Nello says. “Flour, cooking oil, butter, milk, diapers. I spent last week hunting for diapers everywhere. The situation is really tough for basic goods.”
Amicable resolution between Russia and the Ukraine as the market seems to be suggesting, or not? Watch this clip of what happened just hours earlier at the Belbek air force base, in which Russian troops fired warning shots at approaching Ukrainian soldiers and you decide.
As the world moves one step closer to war, today the top trends forecaster in the world gave King World News a passionate interview in which he warned that the fragile situation in Ukraine may ignite a terrifying world war and the end of all life. Below is what Gerald Celente, founder of Trends Research and the man considered to be the top trends forecaster in the world, had to say in this remarkable and timely interview.