Obama Administration Prepares To Unleash Weapons Of Mass Wealth Effect Destruction On Russia
by Tyler Durden
ZeroHedge.com
06/01/2014
As Senator Ron Johnson so appropriately blasted, “I’m not sure sanctions had any effect whatsoever other than, you know, the Russians have mocked them,” and so it is that the Treasury’s (little heard of) “Terrorism and Financial Intelligence” division is preparing to unleash its most deadly weapons yet – an arsenal of financial weaponry aimed at hitting foreign adversaries with limited cost to allies. It appears clear that while the US dropped speech-bombs and sanction-mines, proclaiming the disastrous economic significance of these efforts, Russian stocks soared (vastly outperforming the US) and the Ruble strengthened… and so – as undersecretary David Cohen tells the WSJ, “What we’ve done over the past 10 years is to create a new method of projecting U.S. power…” e.g. sell non-US stocks (thus buy US stocks).
The Rest…HERE
