Russian President Vladimir Putin has recently cajoled, threatened and intimidated Ukraine and by extension Western European allied forces and the US interests in the region. None of it has provoked a US military response. But what Putin recently said to threaten the US dollar may have crossed a line. Putin targeting the US petrodollar With a convoy of Russian “aid” workers really thought to carry military cargo designed to boost Ukrainian separatists heading towards the region and fresh off the suspicious downing of a Malaysian airliner over the region comes fighting words fighting words from Putin targeting the US petrodollar….
Russia Threatens US Petrodollar Dominance
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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