The US-forced EU Sanction: Seizure of Russian Assets Hasten Dollar Decline?

While much of the world focused last week on whether or not the Federal Reserve was going to raise interest rates, or whether the Greek debt crisis would bring Europe to a crisis, the Permanent Court of Arbitration in The Hague awarded a $50 billion judgment to shareholders of the former oil company Yukos in their case against the Russian government. The governments of Belgium and France moved immediately to freeze Russian state assets in their countries, naturally provoking the anger of the Russian government. The timing of these actions is quite curious, coming as the Greek crisis in the EU seems to be reaching a tipping point and Greece, having perhaps abandoned the possibility of rapprochement with Europe, has been making overtures to Russia to help bail it out of its mess.

Foreign Troops in Ukraine? You Bet!

The US-backed president of Ukraine, Petro Poroshenko, was among the elites gathering in Davos, Switzerland this week to attend the 2015 World Economic Forum. During his speech he made the remarkable claim that 9,000 Russian…