Economic Warfare: US threatens India and Japan

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firefly's picture
firefly
Status: Bronze Member (Offline)
Joined: Sep 16 2008
Posts: 26
Economic Warfare: US threatens India and Japan

From Jim Sinclair's MineSet:

Ellis Martin Report With Jim Sinclair and the Nuclear Economic Trigger

"In this week’s interview with Ellis Martin, noted analyst and gold guru James Sinclair outlines not a scenario but a reality that is here now. The US has pulled the nuclear economic trigger on India and Japan in the interest of coercing them to cease trading for oil with Iran. The gun is actually pointed at ourselves. Listen and hear why the dollar is ultimately doomed as these countries now look to the Yuan and Euro as a trading tool instead of the dollar. That’s India and Japan…Russia….China…..Europe….etc."

Link to the 20 minute interview:

http://www.jsmineset.com/2012/03/19/ellis-martin-report-with-jim-sinclai...

ewilkerson's picture
ewilkerson
Status: Gold Member (Offline)
Joined: Jul 18 2010
Posts: 390
firefly, Thanks for the

firefly,

Thanks for the excellent interview.  He always has something important toadd to the discussion.

Ernest

firefly's picture
firefly
Status: Bronze Member (Offline)
Joined: Sep 16 2008
Posts: 26
Jim Sinclair is one of

Jim Sinclair is one of handful of experts/ commentators that I have found to be accurate and insightful, both for the gold market and for wider issues.

As an update to the topic, Bloomberg reports: "The Obama administration won’t impose sanctions on Japan and 10 European Union nations that have “significantly” cut back their imports of Iranian oil this year"

http://www.bloomberg.com/news/2012-03-20/u-s-exempts-11-nations-from-ira...

The article quotes a source saying that the action of the above nations will put pressure on South Korea, India, China, Turkey, South Africa and other major buyers of Iranian oil to also comply with US law.

As Jim Sinclair points out, this kind of action by the US has consequences. And it is clear that a place like India, for example, which has had a trading relationshop with Iran for hundreds (or thousands) of years, may not like to be dictated to in this way.

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