Jim Rogers: Sanctions Are Not Going to Hurt Russia At All !

[youtube=http://www.youtube.com/watch?v=RI-LOGBf1s4]

• Sanctions Are Not Going to Hurt Russia At All-Jim Rogers! 
  by Greg Hunter’s USAWatchdog.com 
  Renowned investor Jim Rogers thinks the Ukraine crisis is a big negative for the U.S.  Rogers says, “It’s certainly not helping the United States.  This whole thing in the Ukraine started when the U.S. instigated a coup.  We have our own diplomats on the phone talking about instigating a coup.  We instigated a coup and the Russians naturally reacted.  I mean, if Russia instigated a coup in Canada, I assure you the U.S. would have reacted.  So, Russia reacted, and now he’s (Obama) gotten us into a situation where we’re doing something and they’re doing something; and, of course, this is pushing Russia and China closer together, Russia and other countries closer together, and I don’t know what we’re getting out of it except another embarrassment.”  Could the sanctions backfire on the U.S.? Rogers exclaims, “In my assessment, of course.  This is now pushing Russia closer to Asia more and more.  If Russia cannot buy things from the West, they are going to buy them from Asia.  If you look at a map, you can see Russia has gigantic borders. They have many neighbors who will trade with them no matter what the U.S. says, and they have plenty of people who they can sell to.  I mean, sanctions are not going to hurt Russia at all.  They may hurt some of our allies and even us as bad as they are hurting the Russians.”
  –
  Rogers goes on to say, “We may be pushing them away from Europe.  The Europeans don’t seem to have any great appetite for this, especially since the initial coup was instigated by the U.S.   Now, we are blaming the Russians when we started the whole thing.  John Kerry sits around talking about international law and all the rest of it, and we started it. . . . I don’t understand this; it’s not helping us or the world.”
  –
  Could the Ukraine crisis hasten the fall of the U.S. dollar?  Rogers says, “This is certainly causing more people to worry about using the U.S. dollar.  The Americans have said they are going to put all these sanctions on the Russians. Suddenly, the Russians cannot trade or clear U.S. dollars, they’re going to look for something else.  Many countries are already looking for something else.  Let’s say you put Russia and China and Iran together, those are three big players in the international financial markets, because of oil if nothing else in Iran’s case.  This just pushes people further away from the U.S. dollar.  I don’t like saying this because I am an American, but the U.S. dollar is a terribly flawed currency.  We’re the largest debtor nation in world history, and now we are telling people you’d better be careful if you use the U.S. dollar.  We may take it away from you.  We may block you.  Of course, people are going to look for an alternative.”
  –
  read more!

end