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Meet …The World’s Most Dangerous Man. Part 2. Russia Shifts Part of Its Forex Reserves from Dollars to Euros
May 16

forex gasprom

Putin’s Dangerous Game of
“Resource Roulette”…

With Russia’s rapidly growing influence in the global marketplace, Putin knows that now is the time for his long-planned power play to get underway.
And he knows the path to power is littered with desperate commodity buyers…
That’s why he’s maintaining feverish control over Russia’s resources… and more specifically — who gets a hold of them.
It’s a ploy I call “Resource Roulette,” and it’s precisely how Putin plans on launching his full-force offensive against the U.S. economy.
It’s a simple strategy, really.
Either fall in line and comply with Putin’s demands or find somewhere else to buy your oil, natural gas or any other resource for that matter.
And in a frenzied buyers’ market like this, that’s next to impossible.
Putin isn’t bluffing either.
On New Year’s Day, 2006, Gazprom, Russia’s massive nationalized LNG company, cut off any and all gas supplies to the Ukraine when they failed to comply with Gazprom’s price demands.
The message was loud and clear. Putin has the power, and he’s more than willing to use it.
“Putin could flip a switch and families from Paris to Milan would go to sleep with their coats on tonight,” says Conde Nast Portfolio magazine.

Putin’s punishment of the Ukraine opened many eyes, and not just in Europe either.
This year, Russia is scheduled to open a natural gas pipeline from one of its Eastern Pacific Coast islands that will supply 20% of its reserves to the United States.
This is a deal with the devil if I’ve ever seen one!
If Putin decides he doesn’t like a U.S. policy — economic, military or otherwise — he holds the ultimate bargaining chip in his back pocket.
He can do the exact same thing to the U.S. that he did to the Ukraine in 2006. And I can guarantee you, he won’t lose a wink of sleep over it either.
And it’s not just natural gas Putin can cut off. Nickel, timber, platinum, copper… you name it – he can make sure you never see a bit of it.
We’re talking about basic raw materials needed for everyday life. Without them, society as we know it could completely break down…
This game of “Resource Roulette” that Putin is playing has enabled him to do almost whatever he wants in the world.
He’s virtually untouchable; and he’s got his own country on a complete lockdown, the likes of which we haven’t seen since Joseph Stalin.
Believe me; I saw it with my own eyes…

“As relations continue to sour, Putin may well retaliate against U.S. and European Union companies doing business in Russia.”
– Kiplinger’s

Andrew Mickey
Editor, BreakAway Investor

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