Monday, April 28, 2014

Brussels (in fact the 4-th Reich) tries to take over the Ukraine by stealth in the way it has taken over most of Western Europe and expects Russia to sit back and let them. Any idiot could see that there was no way the Kremlin was going to lay down and effectively let NATO take over their only sizeable Black Sea port....So Russia steps in with a counter offer based on bribing the Ukrainian government to abandon its plans to join the EU and instead strengthen its links with Russia in a not dissimilar way to the way in which Brussels was bribing Ukraine to strengthen its like with the EU...Then all hell is let loose...Now who is to blame for creating this mess?  I would like to think those in Brussels would learn from this - but they wont!  The Western powers are scrambling to bolster defenses against a halt in Russian gas supplies after the Kremlin tightened the energy noose on Ukraine, and paramilitary actions in eastern Ukraine increased the risk of a full-blown sanctions war.
The Geneva deal reached last week to defuse the crisis is close to disintegration, with the US government openly accusing Russia of carrying out covert operations across the Donbass region.
US Vice-President Joe Biden warned that Russia will pay a very high price unless the Kremlin withdraws troops massing on the Ukrainian border. “We will not allow this to become an open-ended process. Time is short,” he said in Kiev.
Two key US senators have already called for sanctions on large Russian banks, mining companies and energy groups, including the state gas monopoly Gazprom. Any such move would freeze gas deliveries to the EU, since few European banks would risk defying US regulators by handling Gazprom transactions.
Dmitry Medvedev, Russia’s premier, accused the Americans of “pure bluff”, challenging the US to show its teeth. “You can, of course, continue to expand the 'black list’: it will lead absolutely nowhere,” he told the Duma...
In case you thought that America's shale gas would ride to the rescue, then think again.
"Charif Souki, Cheniere’s chief executive, said that the idea of his company’s exports alone liberating Europe from Russia’s Gazprom was “nonsense” and that only six to eight of 20-plus proposed rival export projects were “real”."
"Asked if Cheniere’s terminal could rescue eastern European countries from their dependence on Russia, Mr Souki said: “It’s flattering to be talked about like this, but it’s all nonsense. It’s so much nonsense that I can’t believe anybody really believes it.”

Public Debt to GDP %  and  External Debt to GDP %
france .........................94% ....................243%
germany......................80%.....................203%
Italy ..........................137%.....................157%
u.s.a............................77%.....................100%
u.k..............................92%.....................449%
and...
RUSSIA.......................7%...............33%
 

1 comment:

Anonymous said...

I would rather be slightly poorer with freedom than be slightly better off living under EU tyranny.