Putin’s wedding trip seals marriage of convenience with Merkel

Meeting in Berlin could signal a switch in strategy for Germany when it comes to the US dollar and energy security.

And that brings us to German Foreign Minister Heiko Maas, who wrote in the business paper Handelsblatt about the idea of a European Union payment system bypassing the US dollar, and ultimately, the Iran sanctions.

An alternative system is exactly what the BRICS, namely Brazil, Russia, of course, India, China and South Africa, as well as the China-Russia-Iran triumvirate, have been discussing, and slowly implementing for years.

Now, let us see if we can decode this brand new EU-wide controversy from three different angles. First up, is an aristocratic German financier now based in Switzerland, who insisted on anonymity.

Read more….