He did 2 things :
1 - This month – this week ! – Russia announced that 91 of its domestic banks have created an alternative to the SWIFT organization, a move which Russian experts have warned (http://sputniknews.com/business/2015021 ... 40631.html) that “Western businesses would face severe losses if they expelled Russia from the international SWIFT system” since Russia “has become one of the most active users of SWIFT globally, sending hundreds of thousands of messages per day”.
This “Western” designation, in reality, means Europe, since the largest portion of those “hundreds of thousands of messages” are sent over to European banks, not American.
You strike first and foremost at what’s near you.
2 – The long warned cutoff of Russian Gas to Europe seems to be have become a reality (https://euobserver.com/news/127216) – “Russian gas transit to Europe via Ukraine will be stopped. This was announced by the head of “Gazprom” Alexei Miller” January 14. Now, he added, “if Europe wants to buy Russian gas, it will have to build their own part of the pipeline to Turkey”. Ominously, he warned –“Otherwise, these volumes of gas could end up in other markets”.
Meaning, you will freeze for the next 5 years. If, that is, we start building that pipeline today !
That much was said by the all powerfull Alexei Miller Gas Czar last Sunday ( !) to the face of the European Union’s Energy Commissioner, Mr. Maros Sefcovic.
What did Europe's representative say, in answer ?
- “I am very surprised by this statement …. We don’t work like this … the trading system and trading habits - how we do it today - are different”.
(No Comments, from me ... guess them !)
What all of this means, and what all of this will in fact mean …. we have yet to see unfolding.
But The Game is in full swing.
No doubt about that.
And we, in Europe, are just Pawns being played around on its Board.
So, now You All may be thinking this is just another “European Mess” and not yours.
Okay, think so.
But I’m not seeing it that way.