Posted on 03/21/2014 11:51:08 AM PDT by Rusty0604
Russia and China have been close allies for a very long time, even when they appeared like enemies. Ex-KGB like Anatoliy Golitsyn, who defected to the west, called it all a show aimed for western consumption.
Idiots in the western world. We are killing ourselves over this whole “no carbon” attitude. Instead of cheap efficient energy that would free the lives of so many people, we strive to control and destroy lives chasing a green dream over a problem that doesn’t exist!
Yes, but both China and Russia are homophobic, so America is morally superior and after all, isn’t that what really matters? /sarc
Pre-Obama there existed $900 billion dollars, the vast majority of which were overseas being held by countries to satisfy their debts. Every bridge, railroad, war and jellybean had been purchased with those dollars. Then in 2009 Obama added another $900 billion. In 2010, another $900 billion dollars. Since then it’s been another $87 billion per month. This has been the greatest hidden tax on saved value in the history of the world. Yet nobody has arrested this thief. Bernie Madoff went to prison for a comparatively petty theft. Yet our president takes the most elaborate vacations in history and is still lauded by the press. Is there no justice?
Two primadonnas make for a poor team. Won’t take long before the paranoia about the other sets in on both houses.
Two primadonnas make for a poor team. Won’t take long before the paranoia about the other sets in on both houses.
While Obama throws the “Holy Hand Grenade” into our economy.
Will Obama view this as a Mission Accomplished body blow to the West and the US or is he just totally out of his depth and would rather play round ball?
there’s that flexibility Obama spoke of.
This would have been much worse news if the USA were not rapidly becoming oil independent.
That is all the bad dollar/usa economy stuff that zerohedge has predicted would happen—would happen because of shrewd chinese currency plays and foolish US over indebtedness —were it not for rising US oil and natural gas production and impending oil independence.
All that’s happening is that the world is moving toward a new balance of economic power.—but it will balance and not unfavorably to the USA.
We are becoming oil independent in spite of Obama, even though he and the greenies fight against it.
The catch 22 is if we don’t import oil(or anything) paid for in US dollar, which in turn is used by the foreign nation to buy treasuries, the gov’t would have to cut its spending deficit, but probably not before forcing retirement accounts to buy treasuries.
Makes a great deal more sense (economic, energy, safety) to ship Siberian gas to China by pipeline than US gas by LNG tanker, which I’ve seen discussed.
One aspect of this deal apparently not mentioned is that Russia’s East continues to empty demographically.
An immense, almost completely empty, resource-rich land right next door on which it is economically dependent will at some point become a nearly irresistable lure for China. Or quite possibly Siberia will remain Russian de jure while becoming Chinese de facto.
Which would be a type of poetic revenge for how Russia handled Manchuria 100 and some years ago.
The whole world will love and protect us.
The catch 22 is if we don’t import oil(or anything) paid for in US dollar, which in turn is used by the foreign nation to buy treasuries, the gov’t would have to cut its spending deficit, but probably not before forcing retirement accounts to buy treasuries.
...................
good point. however, the added oil production is directly adding 100 billion annually to federal revenues and indirectly another 100 billion byo higher stock market prices.
You’ll notice that in the last year the federal deficit shrank by over 300 billion dollars to about 680 billion dollars. Its on track this year to shrink by another 200 billion dollars.
Result? less need for foreign countries to buy US treasuries.
You are also right that all of this is happening IN SPITE of Obama —not because of him.
I fully expect China to take part of Russia possibly via Mongolia once the Us is marginalized and weakened.
One only has to look at geography and demographics to see the incredible lure that concept has for China.
145 million inhabitants in the largest country on earth vs 1.5 billion who need breathing room?
Also, Russia can’t afford to lose too many people because of war. China would probably shrug at the concept of losing a few million?
If O’bummer was smart, he would immediately open up federal land to oil and gas extraction to sell overseas. Who cares to whom?
Just that announcement would make the whole world take heed.
The only problem there is nukes. Would Russia be willing to use them to protect Siberia.
All of Siberia, which is huge, has only about 25M people and dropping.
Maybe, but China would be taking a big bet that Russia wouldn’t make that 500 million dead Chinese when Putin decides to use that aging Russian nuclear arsenal. A better deal would be for the two of them to come to some deal that benefits both of them such as Chinese funding in exchange for Russian space and gas.
Jed Eckert: ...Well, who *is* on our side?
Col. Andy Tanner: Six hundred million screaming Chinamen.
Darryl Bates: Last I heard, there were a billion screaming Chinamen.
Col. Andy Tanner: There *were*.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.