Wealthy and powerful who wanted us to replace Yanukovich in Ukraine are learning they were wrong. [View all]

[another_liberal]

The mega-bankers thought this whole Ukraine coup would just be an unmitigated cash cow for them. With a Harvard educated technocrat replacing the democratically elected, and less than cooperative, Yanukovich, they knew the Ukraine would be a gold mine for vulture capitalists like Mitt Romney's "Baine Capital." Added to that, they imagined, would be the boost to their World-wide "austerity" strategy which would accompany a U.S. installed "interim government" agreeing to the IMF's radical budget cutting demands.

Instead they now may face non-repayment of their sizable loans to Russia and her allies, as well as the loss of any future profits from those sources. This is why Business Administration majors at U. S. Universities should be required to take a few hours of World History before receiving their degrees.

Russia warns could 'reduce to zero' economic dependency on US.

Moscow (AFP) - Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a "crash" if this happened.

"We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," said Kremlin economic aide Sergei Glazyev. He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its "wonderful trade and economic relations with our partners in the East and South."

Russian firms and banks would also not return loans from American financial institutions, he said. "An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system." He said that economic sanctions imposed by the European Union would be a "catastrophe" for Europe, saying that Russia could halt gas supplies "which would be beneficial for the Americans" and give the Russian economy a useful "impulse."

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Read more at: http://news.yahoo.com/russia-warns-could-reduce-zero-economic-dependency-us-083926261.html