Tuesday, March 04, 2014
Old Russian Proverb: “In A World Of Sheep, The Wolf Is King”
Via The Balfour Post: There’s an old Jewish saying: "A good time to keep your mouth shut is when you’re in deep trouble". President Barack Obama and his foreign policy advisers would have profited if they had been aware of this. Obama said there will be a price to be paid for Russian military intervention in Ukraine. It was not clear what that "cost" would be, nor who would be responsible for it. The U.S., said the president, will stand by the international community in affirming that there will be costs for the intervention. On the world stage, Putin has moved from being a junior partner with the U.S. in 2000 to one of near equality, in spite of the differences in economic resources, military strength, and population of the two countries. Speaking fluent German and almost fluent English, Putin hosted the talks devoted to Syria at the G-20 summit at St. Petersburg in September 2013. Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a "crash" if this happened. "We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves", said Kremlin economic aide Sergei Glazyev. He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its "wonderful trade and economic relations with our partners in the East and South". Russian firms and banks would also not return loans from American financial institutions, he said. "An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system", he added. He said that economic sanctions imposed by the European Union would be a "catastrophe" for Europe, saying that Russia could halt gas supplies "which would be beneficial for the Americans" and give the Russian economy a useful "impulse".