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?
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.
The whole world will love and protect us.
Not only this, but in a few years, Gazprom along with Exxon will open a colossal LNG export facility in Vladivostok to bring gas to Japan and South Korea. Look at the numbers, it will be like a Niagara Falls of cash. Anyone who thinks that Exxon is going to allow the US gov’t to cause them to lose their 20% share of that multi-billion dollar annual revenue stream is crazy. Some of that money will be going to Exxon’s shareholders, ie the entire US establishment - the Carlyle Group, Blackstone etc. Those two funds are the where the people who really run America have their money. Watch what they do more than anything.
BTW, the Russian far east will see massive investment from Asian countries in the coming years. Germany will continue massive investments in Russia no matter what. Germany is involved in practically every industry in Russia. Iceland is also investing in building up Russia’s enormous geothermal energy potential. Much of the far east can be powered by geothermal the way that world leader in the field Iceland is. South Korea is investing tidal power in Russia, a field they are the leader in. You could go on and with examples of the countries that stand to make money in Russia. They can get all the markets and investment they need from countries that will never join US lead boycotts.
These facts are why Russia’s leaders are so confident and don’t care about threats of sanctions. Remember that only the English speaking countries are really serious about confronting Russia. Our “European allies” are just pretending they care like they always do. They are not going to blow up what’s left of their economies to promote what they consider in private to be “Anglo-Saxon imperialism.”
I hope no one here believes this nonsense that Russia is going to be destroyed by more natural gas production five years from now.
If you want a reality check, look into who has the contracts to develop Iraq’s oil and gas fields post-US invasion. That should tell you all you need to know about how effective our government is in leveraging US power to support US interests.
And Michelle is in China with secure delivery of papers.