What a great start for the Ukrainian President Elect, with reports of war crimes committed on his first day, wounded soldiers in ambulances being executed.

It is very easy to view life in monochrome and be tempted to vilify the Russians. This is not about Russian empire building. We need to look further.

The US economy is in deep trouble, holding 30 per cent of the global public debt. The dollar is also in deep trouble and is somehow kept afloat by the petrodollar, forcing nations worldwide to use it in trade, which, in turn, keeps the US economy afloat. Russia and China do not want to continue supporting this sham. India, South Africa and Brazil, as part of BRICS, may follow.

If Russia negotiates with the EU to trade its oil and gas in euros or rubles it would further weaken the dollar that may send it into free fall and kill the petrodollar for good. This is what it is all about.

It was never about the Ukraine. It appears that the Americans may want to drive a rift between Europe and Russia to avoid oil and gas being traded in euros/rubles, by stepping in and supplying Europe itself with oil and gas, instead of Russia.

The best way to do this is to create chaos in the Ukraine, in the hope that it will cut off the gas pipeline.

There is a massive oil/gas/currency war looming on the horizon. Libya, being another major supplier of oil in the region, is probably part of the same equation.

Europe must adopt extreme caution, and avoid being used or cornered for the Ukraine may well end up being the cause of its undoing, the trigger for a great conflict, coming exactly 100 years after the trigger assassination of Archduke Ferdinand in 1914.