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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Wednesday, March 5, 2014

Putin adviser threatens to dump U.S. Treasury Bonds in response to sanctions



















Doing Nothing Can Be Good Policy
  • Russia threatens to dump U.S. bonds.  Could China join in?
  • Hell, the U.S. can't even get into space without hitchhiking on Russian space ships.
  • Not everything that happens in the world demands that the U.S. get involved.  Somehow the world managed to get by for thousands of years without the U.S. telling them what to do.


MOSCOW, (RIA Novosti)  –  An adviser to Russian President Vladimir Putin said Tuesday that authorities would issue general advice to dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine.

Sergei Glazyev said the United States would be the first to suffer in the event of any sanctions regime.

“The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia,” Glazyev said. “Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don’t depend on them in any way.”

Glazyev noted that Russia is a creditor to the United States.

“We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”


"Mommy, what is that?"
"Darling that is a space ship from the olden days when America was great, had jobs and did not pay people to sit on their asses doing nothing for their entire lives."
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Endeavour on display at the California Science Center in Los Angeles.

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Today the U.S. needs Russia to even get into space.


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