Ukraine Crisis May Create Panic & Contagion, Ukraine Crisis Shocks Markets World Wide, And Russia To Abandon The Dollar

Posted: March 4, 2014 in Uncategorized
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SCROLL DOWN FOR NEWS LINK AND VIDEO: Well March 4th is here and the Economic collapse predicted may not be a single event as many believe, but a domino chain reaction of events that may create this doomsday scenario. Gas prices soared yesterday in trading with fears that it would affect Europe. Now Russia has threatened to drop the US Dollar if sanction are imposed on their country.  I read recently that Putin has lowered his rhetoric on invading the Ukraine, but please be aware this only buys time to what he may actually be planning. Keep your eyes on the Market and always have an exit plan.  Please check back for more updates. Thank you for visiting These Christian Times and God Bless you

 

KING WORLD NEWS: Today KWN is pleased to share an important piece from 50-year veteran Art Cashin, who is Director of Floor Operations at UBS ($650 billion under management).  Cashin has some incredibly important notes about the Ukrainian situation and why it may lead to panic and contagion.  It includes an outstanding guest commentary.

By Art Cashin Director of Floor Operations at UBS

March 3 (King World News) – “On this day in 1877, Congress accepted the report of a special electoral commission and not a moment too soon.  And thus, the nation finally discovered who would be sworn in as President of the U.S. the very next day.

The Presidential election the previous November had been one of the most contentiously disputed in American history.  The Democrat, Samuel Tilden, the Governor of N.Y., had gotten over a quarter million more popular votes than Rutherford B. Hayes, his Republican opponent READ MORE: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/3_Ukraine_Disaster_May_Create_Worldwide_Panic_%26_Contagion.html

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Daily Mail Online: Wholesale gas prices rose the most in two years yesterday as markets reacted to the crisis in Ukraine.

Fears that supplies to western Europe could be affected saw the price surge by 10 per cent at one point.

The cost of crude oil also rose – driven by fears that Russia, which is a major producer, might be hit by trade sanctions.

The turmoil spilled over into stockmarkets, with big falls in share prices in London and New York.

This morning a Kremlin aide said that if the United States were to impose sanctions on Russia over Ukraine, Moscow might be forced to drop the dollar as a reserve currency and refuse to pay off loans to U.S. banks READ MORE: http://www.dailymail.co.uk/news/article-2572572/Gas-oil-prices-soar-petrol-Ukraine-crisis-shocks-world-markets-amid-fears-Russias-energy-resources-hit-trade-sanctions.html#ixzz2v0y4zz83   

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TELEGRAPH.CO.UK: I’ve already explained why meaningful trade and financial sanctions against Russia are a non starter – everyone would lose from such action. Europe would be pushed back into recession, Russia into financial meltdown. This is not the sort of self harm Europe is prepared to contemplate right now. Indeed, thanks to the indiscretion of a UK official, who was snapped going into Downing Street with his briefing documents on display for all the world to see, we know this to be the case. Trade and financial sanctions have already been ruled out READ MORE: http://blogs.telegraph.co.uk/finance/jeremywarner/100026745/so-russia-is-going-to-abandon-the-dollar-as-a-reserve-currency-good-luck-with-that-one/

NEWS ON UKRAINE

COMMENTARY ON UKRAINE CRISIS

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