Germany Fires a Shot Across USS Dollar's Bow.

In this report I cover the early market action from London on Wednesday, August 22nd, 2018. I look briefly at the precious metals, the stock market, the dollar, other major currencies and the oil price.

I also look at a recent piece written bu the german foreign minister, Heiko Mass, in the Handelsblatt in which he says Germany and Europe should look for an alternative payment system to the U.S. dominated SWIFT. This reaction by the Germans comes as a reaction to the U.S. foreign policy tool of using its control of the world reserve currency as a political weapon.

My conclusion is that this reaction by the Europeans to the recent belligerent actions of the U.S. as far as trade and sanctions are concerned could accelerate the demise of the dollar as the world's reserve currency and that Germany's threat, if put into action, could be even more significant than the Chinese launch of the yuan oil futures contract back in March of this year.

I also talk about the story about President Trump's lawyer, Michael Cohen, that broke out yesterday and point to the fact that this is a symptom that the war between the Deep State and the President is heating up.

"Germany Calls For Global Payment System Independent Of The US": https://www.zerohedge.com/news/2018-08-21/germany-calls-global-payment-system-independent-us

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