Overnight it was none other than the White House itself which finally admitted that the entire brilliant idea of collapsing the Russian economy by way of sanctions across the western world, ended up hurting European nations (i.e., US partners) who had no choice but to "sacrifice their own economies."
As Republican presidential hopefuls ramp up their campaigns, GOP candidates will likely point to Vladimir Putin as the embodiment of everything that’s wrong with Democrats’ foreign policy and Clinton’s famous “reset” button ceremony in Geneva provides the perfect opportunity for the GOP to tie the presumed Democratic nominee to a failed attempt at reconciliation with America’s Cold War nemesis.
John Kerry now faces the decision as to whether to quit — which would force the EU’s hand regarding whether to continue with U.S. policy there — or else for Kerry to stay in office and be disrespected in all capitals for his staying on after having been so blatantly contradicted by his subordinate on a key issue of U.S. foreign policy.
Earlier today, Barack Obama, together with 6 of the world's most powerful leaders (but certainly not Vladimir Putin) congregated in the Bavarian town of Krun where they will for the next two days hunker down at the luxurious Scholss Elmau for the latest G-7 meeting, covering an agenda dealing with climate change, global extremism, and of course, solving the Ukraine crisis (with or without instructions from George Soros on how to proceed). Serious stuff. Obama, however, decided to keep it "folksy" and the lame duck president, content with the direction the world is going, pulled a page right out of National Lampoons European vacation and kicked it back.
Amid escalating violence in Ukraine,"the Obama administration officials are considering new deterrence strategies to rein in Russian meddling in Europe, in what some say would amount to an updated version of Cold War-era containment," WSJ reports.
Earlier this week, using hacked and leaked documents and pdfs created by, among others, George Soros' most recent wife who is less than half his age, we showed something fascinating: the puppetmaster behind the entire Ukraine conflict may be none other than George Soros himself. Despite the limited distribution of this very fascinating story which casts a vastly different light on the Ukraine conflict than one shone by the mainstream, it did catch the attention of one person: Ron Paul. In the following clip Ron Paul looks at the stunning implications of Soros' involvement behind the scenes in Ukraine, how he may be pulling the strings in this most critical proxy war between East and West, and what he stands to gain.
The DOJ's crackdown against FIFA in general, and the Russian World Cup of 2018 in particular, may have been just the blessing in disguise that Putin, who whether he likes it or not has been forced to hunker down in cash conservation mode, wanted.
Ukraine 'Mobilizes' Right Sector Neo-Nazis Amid Renewed Fighting; NATO Points Finger, Russia RespondsSubmitted by Tyler Durden on 06/04/2015 14:10 -0400
Following yesterday's "large-scale" rebel offensive, as Ukraine's military reported it, and hot on the heels of Poroshenko's threat of imminent martial law (including the right to detain or force relocate foreign nationals at will) and Soros' exposure as the 'lethal-weapon-demanding' puppet-master, Tass reports Ukraine’s nationalists affiliated with the extremist organization calling itself the Right Sector (outlawed in Russia) have been urged to cut short their vacations and all commanders, ordered to begin full mobilization. NATO has asked both sides to back down, focused on Russia's responsibility as Poroshenko says there are now more than 9,000 Russian troops on Ukraine soil (though YouTube proof remains absent). It appears, perhaps strengthening Soros' case for lethal aid, that The Minsk Accord is hanging by a thread.
Russian Ruble Tumbles To 2-Month Lows, Stocks Drop Following "Large-Scale" Rebel Offensive In UkraineSubmitted by Tyler Durden on 06/03/2015 09:21 -0400
The Ruble just hit 54/USD - its weakest since early April - as IFX reports a "large-scale" rebel offensive in eastern Ukraine involving 10 tanks and around 1000 troops. Ukraine's military has redeployed troops to halt this rebel offensive and has informed its international partners on the re-deployment which leaves The Minsk Accord hanging by a thread.
- Obama signs bill reforming surveillance program (Reuters)
- Tsipras to meet Juncker in Brussels for talks on agreement (AFP)
- Spot the irony: OECD cuts global growth forecast, says recovery taking hold (Reuters)
- The Secret Money Behind Vladimir Putin's War Machine (BBG)
- Companies' Borrowing Spree Darkens Stock Market Future (BBG)
- How OPEC Hurt Big Oil (WSJ)
- What's OPEC Going to Do With Iran's Million Barrels a Day? (BBG)
- Draghi’s Europe Looks Healthiest for Years Despite Greece (BBG)
- Bund yields inch higher, euro holds ahead of ECB (Reuters)
Greece has received what The New York Times recently described as “dueling sales pitches” on two proposed natural gas pipelines, with the US pressing Athens to support The Southern Gas Corridor rather than Gazprom's Turkish Stream project. It appears Moscow may have made the more convincing case because, much to Washington's dismay, Greece is set to sign an MOU for the Greek portion of The Turkish Stream pipeline in June.
This month could be quite a spectacular one.......
Just days after George Soros warned that World War 3 was imminent unless Washington backed down to China on IMF currency basket inclusion, the hacker collective CyberBerkut has exposed the billionaire as the real puppet-master behind the scenes in Ukraine. In 3 stunning documents, allegedly hacked from email correspondence between the hedge fund manager and Ukraine President Poroshenko, Soros lays out "A short and medium term comprehensive strategy for the new Ukraine," expresses his confidence that the US should provide Ukraine with lethal military assistance, “with same level of sophistication in defense weapons to match the level of opposing force," and finally explained Poroshenko's "first priority must be to regain control of financial markets," which he assures the President could be helped by The Fed adding "I am ready to call Jack Lew of the US Treasury to sound him out about the swap agreement."
The first step in any 12-step imperial-overstretch recovery program would involve accepting the fact that American power is limited and global rule an impossible fantasy. Accepted as well would have to be this obvious reality: like it or not, the U.S. shares the planet with a coterie of other major powers -- none as strong as we are, but none so weak as to be intimidated by the threat of U.S. military intervention. Having absorbed a more realistic assessment of American power, Washington would then have to focus on how exactly to cohabit with such powers -- Russia, China, and Iran among them -- and manage its differences with them without igniting yet more disastrous regional firestorms. But for any of this to happen, American policymakers would first have to abandon the pretense that the United States remains the sole global superpower -- and that may be too bitter a pill for the present American psyche (and for the political aspirations of certain Republican candidates) to swallow. From such denialism, it’s already clear, will only come further ill-conceived military adventures abroad and, sooner or later, under far grimmer circumstances, an American reckoning with reality.
The EU issued a press release this morning which could perhaps be summed up in 2 words - "not fair." Following the denial-of-entry by Russia of several EU politicians, Russia has released a list of 89 names who will face travel bans - of exactly the same type as EU and US enforced upon numerous Russian elites. Europe is displeased that Russia would dare do unto them as they have done unto others... "we deem this measure as totally arbitrary and unjustified," they exclaimed, adding, "we don’t have any further information on the legal basis or the criteria or the process of these decisions."