Over the last 12 months, Russia has been divesting itself from US Treasuries, and is now seeking to assist a potential Euro Zone bailout through the IMF. On December 15th, Arkady Dvorkovich, Deputy Minister for the Russian Federation, informed the public that they are considering supplying the IMF with $20 billion to assist in helping Europe's debt crisis.
- IMF'S LAGARDE SAYS EUROPE DEBT CRISIS `ESCALATING'
- IMF'S LAGARDE: CRISIS REQUIRES ACTION BY COUNTRIES OUTSIDE EU
Well, we know the UK is now out, courtesy of idiotic statements such as this one by Christina Noyer. So who will step up? Why Russia it seems.
- RUSSIA CONSIDERS PROVIDING UP TO $20B TO IMF, DVORKOVICH SAYS
Why's that? Because like China, Russia just dumped US bonds for the 12th straight month and instead both Russia and China are now focusing on making Europe their vassal state.- Zerohedge
Both Russia and China have been quietly selling Treasuries to lower their US risk as the dollar becomes a less valued currency in the global economy. Focus for the Eurasian countries has been in an emphasis on commodites and oil, along with strategic attempts to purchase corporations and economic zones of influence, as China accomplished recently in the state of Idaho.
Federal Reserve Chairman Ben Bernanke specified just yesterday that the central bank has little intention at this time to help bailout the Euro Zone as it did in 2008, and this decision opens the door for Russian and Chinese influence, but on their terms and requirements. So far, European nations have fought off attempts by China to purchase national corporations or other valuable infrastructure, but as the Euro Crisis continues, these policies may change.
Russia is seeking economically in Europe, what they once could not achieve militarily, a ripe opportunity as the prime supplier of energy in Europe to expand that influence. With the United States suffering their own economic problems, the shift by Russia from US debt to European bailouts may eventually bear fruit, and expand the overall European hogemony in the global economy.
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