This bit of news via Reuters overnight, which the mainstream press will surely downplay if even disseminate at all, could not be more significant to the future of the dollar, the gold price and future U.S. living standards.
The final straw in a pile of hubris, mismanagement and abuse that is knocking the dollar from the international reserve currency pedestal may well be the ill-considered U.S. led economic sanctions of Russia.
President Obama, a former schoolteacher with a faculty lounge mentality understands none of this. Vladimir Putin by contrast is a hardened KGB operative with highly developed street smarts.
Which horse are you betting on?