“Last fall, I sat in a cozy living room on the outskirts of Tallinn, Estonia, drinking coffee, eating freshly baked pastries and listening to a former parliament member for the Soviet Union tell me about a phone call he had recently received from inside Russia’s central bank. The bank officials wanted input on how to build a reserve currency, one backed by the plentitude of hard assets Russia owns. What he told me – easily the most-stunning bit of information I gathered on that research trip – has stuck with me. ‘Russia,’ he announced, ‘is using oil, gas and minerals as the new tools of war instead of military tools. This will be the beginning of a currency cold war.'”

http://sovereign-investor.com/2013/08/01/no-one-saw-this-coming/

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