Russia Declares Death of Dollar

Russia declared war last week, and hardly anyone noticed. Of course, there isn’t a lot that anyone can do about it, and it won’t be much of a war. In fact, the declaration of war itself will pretty much mark the end of it. What I’m talking about is the announcement by Gazprom Neft last Thursday that they were going to kill the dollar. Their announcement didn’t actually use the words ‘kill’ or ‘dollar’, but it was still an announcement of the intent to assassinate the world reserve currency that we hold most dear. I think that it’s time to … Continue reading Russia Declares Death of Dollar