One of the easiest ways for Putin to attack the US is to start selling energy without settling payments in the US dollar.
If Russia starts to sell energy without the US dollar being involved, you can expect the US dollar index to drop significantly overnight. Remember that Russia sells gas to a lot of European countries. What if Russia made the transactions in German marks or French francs? Last week Putin made the following statement:
President Vladimir Putin said on Thursday Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia’s economy.
“We should act carefully. At the moment we are trying to agree with some countries to trade in national currencies,” Putin said during a visit to the Crimea region, which Moscow annexed from Ukraine earlier this year.
A move away from using the petrodollar for oil and gas settlements would cause the US dollar index to fall significantly and the price of gold in dollars would go higher.