So Obama, Kerry and the nattering nabobs of NATO are going to show Russia who’s boss. Now that’s precious. I guess we’ll just ramp up that shale oil production by a few million barrels per day. Russia runs budget surpluses. They have been converting their USD holdings into gold. They are self sufficient on the energy front. They can shut off natural gas to Europe any time they choose. If they were to withhold a couple million barrels of oil per day from the world markets, oil prices would jump to $150 per barrel and destroy our economy.
Tell me again. Who’s in the driver seat here. Vlad the Impaler or Barack the Teleprompter Reader?
In accordance to an estimate held by IEA in 2011 , 63% of the world’s total oil output is obtained by the top ten largest producers which are given below:
List of Top 10 Largest Oil Producers in the World 2013
| Rank | Country | Production (bbl/day) |
Share of World’s output (Percentage) |
|---|---|---|---|
| 1. |  Russia |
10,730,000 | 12.65% |
| 2. |  Saudi Arabia |
9,570,000 | 11.28% |
| 3. |  United States |
9,023,000 | 10.74% |
| 4. |  Iran |
4,231,000 | 4.77% |
| 5. |  China |
4,073,000 | 4.56% |
| 6. |  Canada |
3,592,000 | 3.90% |
| 7. |  Iraq |
3,400,000 | 3.75% |
| 8. |  United Arab Emirates |
3,087,000 | 3.32% |
| 9. |  Mexico |
2,934,000 | 3.56% |
| 10. |  Kuwait |
2,682,000 | 2.96% |
Germany
-
Germany was the top importer of Russian oil in 2009, receiving approximately 700 thousand barrels per day (bbl/d). Germany’s economic relationship with Russia goes back to the aftermath of World War II, when the Soviet Union occupied East Germany and later supplied raw materials to the area, when both countries were members of the Warsaw Pact. The large Druzhba pipeline carries Russian oil to Germany, passing through Belarus and Poland.
Netherlands
-
The Netherlands was the second-largest importer of Russian oil in 2009, receiving more than 500,000 bbl/d. Furthermore, $62 billion dollars worth of trade was conducted between Russia and the Netherlands in 2008, making the Netherlands the second-largest overall trading partner with Russia. After Germany and the Netherlands, the next largest importers of oil are Poland and China. Curiously, the Netherlands was never part of the communist bloc, unlike many of the other top importers of Russian oil.
China
-
In 2009 China was the fourth-largest importer of Russian oil, behind Germany, the Netherlands and Poland. China’s 300,000 bbl/d made it by far the largest Asian importer of Russian oil, with Japan ranking a distant second. Chinese demand for Russian oil has recently increased, and as of 2011 the East Siberian-Pacific Ocean Pipeline is being developed to supply China with 30 million tons of oil per year.
United States
-
The United States is by far the largest importer of Russian oil in the Western Hemisphere. In 2009 the United States imported more than 200,000 bbl/d from Russia. Only six countries imported more oil from Russia that year. Russia has been suggested as an alternative source for U.S. oil, because of the political instability of the Middle East and the fact that the United States is, hands down, the world’s top oil consumer.
Do you think China will go along with economic sanctions against Russia?
Yeah. That’s a good one.
Fourth Turnings are always so interesting.
Obama and Kerry are so dumb they think the Mexican border pays rent.
Oil just opened at $104.50 per barrel. That is the highest level since April 2011 folks. That is 16% higher than June 2013.
I’m sure glad we have that energy independence thing going on. I wonder if the highest oil price in three years will have any impact on the good old American consumer?
The Good, Bad, & Ugly Market Implications Of A “Crimean” War
Submitted by Peter Tchir of TF Market Advisors,
The Crimean War
The Charge of the Light Brigade is from the Battle of Balaclava in 1854. Conspicuously missing as any reference from that war was the Ukraine. In fact, Crimea was effectively “gifted” to the Ukraine in 1954 by Khrushchev. The Soviet Union had a strong policy of attempting to break up or at least dilute strong groups of a single, non Russian, ethnicity.
So the big problem today is that Crimea doesn’t look or feel Ukrainian, and it is home to one of Russia’s most important naval bases. For many, this always seemed a recipe for disaster.
You lease cars, not crucial military bases. Having said that I will admit to never fully understanding Gitmo, which is where the U.S. leases a Naval Base (or interrogation center) from Cuba where we are actually enemies.
So what does this all mean?
The “Best” Case – Independent Crimea
At this stage the “best” case seems to be a deal that creates an “independent” Crimea. Russia can do some chest thumping and the West gives up relatively little that really they hadn’t given up before.
I don’t see this ending without an independent Crimea. The situation went too far and there doesn’t seem any way to reconcile. There does not appear to be much interest in the Crimea to remain part of Ukraine and Russia won’t stop agitating until it gets what it wants.
The Ukraine can get some gas concessions from Russia to save face.
I see that as the best case. I am not sure it is the most likely case because it is difficult to determine if
1. Will Russia be content to stop there?
2. Will the Ukraine or NATO take steps to provoke Russia?
Let’s hope the best case occurs as it shouldn’t have a big impact on the lives of most people, even in the Ukraine, and the markets should remain pretty calm.
The Slippery Slope – Eastern Ukraine
Much of the Eastern part of Ukraine is Russian speaking. Vitaly Fiks (the F in TF), was born in Odessa and spoke Russian not Ukrainian. That is the norm. Much of the heavily industrialized East has strong Russian connections.
The demonstrations have been spreading to cities in this region.
So will Russia be content with the Crimea?
This is where you have to think like a Russian. I have seen a few articles on the subject that too many analyze Russia with a Western perspective and agree that is what leads to mistakes. To think like a Russian is relatively easy. Create a vodka-induced haze of pessimism where everyone seems out to get you and mix in a little anger and cruelty with a strong desire to persevere and win, and you have it. Okay, that is a bit of an exaggeration, but do think about who are the players here:
•A former colonel in the KGB (which I assume you don’t get to by being soft and naïve) who has managed to come out on top in a country of oligarchs. The 0.01% in Russia do extremely well, are happy to flaunt it, and go to great lengths (legal and occasionally otherwise) to defend it. This is a hard man who is used to getting his way.
•A constitutional lawyer who turned into a community organizer who can barely get people to agree not to default on our own debt. He has a great ability to fundraise but seems tired of the job.
•Then you have a woman who has been able to hold together the EU and shape it to suit her and her country. She has done a great job of balancing internal and external pressure. She is very smart. She understands the mindset of the East having come from East German. Frankly, I think she is the best hope, but she has been extremely quiet, and while cobbling together a bunch of central bankers has been difficult enough within the framework of the EU, putting together something, military or otherwise that gives Russia seems very difficult.
So the next biggest risk is a push into Eastern Ukraine and I think it is quite possible and there is a good lesson from Georgia on this one.
There Russia effectively pushed 10 miles further than they had to. Then as part of their negotiations they conceded the territory from that last push and pulled back to the borders that they had wanted in the first place.
Why not push and see what happens?
This is our base case. Russians will creep into Eastern Ukraine. We expect a reasonably quick resolution that again leaves most people unaffected and can leave the markets calm.
Anschluss
This is where it gets a little more troublesome, at least for the markets.
Germany started with Austria and then moved into other primarily German regions of other countries prior to World War II really getting under way. Small areas, not deemed essential I guess by the rest of the world, where many of the inhabitants seemed to welcome the change with open arms were allowed to proceed.
Belarus? Belarus was one of the first to form part of the Soviet Union. I have never heard a single Westerner suggest a visit to Minsk. It is heavily Russian speaking, heavily industrialized, and struggling. Is that next?
While Estonia and Lithuania seem to have re-emerged with strong nationalistic pride, that seems less clear to me in Latvia. Is that another area where you could see the ethnic Russia’s try and create a situation that could be more to their liking? It seems less likely than Belarus, but, we have moved from “likely scenarios” to where this could lead.
I don’t think the markets would respond well to Russia, which is resource rich, flexing its muscle in this format. We don’t think this scenario plays out, but if Russia is allowed to encroach into Eastern Ukraine, expect growing fears of a Russian Anschluss to weigh on markets.
When the Cats Away, the Syria Will Play
Syria has not yet delivered all of its chemical weapons to the authorities. From what I can tell, we are more in a lull than having seen any real resolution.
With all eyes on Russia, it could create an opportunity for Syria to cause serious problems. How could the U.S. go into Syria but leave Russia alone? Why wouldn’t the Russians volunteer to help Syria?
This could happen in parallel with the events in the Ukraine and we don’t think the markets would be comfortable with this.
I think it is likely that we see some noise out of Syria and that will be negative.
The Enemy of my Enemy – Chinese Silence
China seems to be very quiet on the subject of Ukraine and territorial rights. Maybe that is because China has no interest in the outcome? Maybe it is because China isn’t aware of what is going on? Those are both clearly not true.
Maybe China is watching the developments and deciding whether now is a good time to resolve their own territorial disputes.
It seems that China has been getting more aggressive in and around the islands that they have an ongoing dispute with Japan.
I doubt China does anything, but if they do, markets will be hit hard as that will put a question into global trade like we haven’t seen in years.
It doesn’t seem to be in Chinese interests to do anything, but then again, maybe they think there won’t be repercussions?
So we view this as unlikely, but will keep an eye out.
Other “Hot Spots”?
Are there other places, off our radar map, that might see this as an opportunity to be more aggressive?
Overall View
We remain bearish risk assets due to our view that they are overvalued.
At this stage we see very little from the Ukraine priced into the market, and with our best case that makes sense and even our base case (encroachment into Eastern Ukraine that is quickly and peacefully) resolved, the impact should be minimal. Probably creates a little downside to the market but that is it.
As some of the other scenarios potentially come into play, whether in reality or perception, the risk to further downside in the market is significant.
Since we are already recommending being short based on the economy and the misperception of the Fed’s next steps, you effectively pick up the conflict for free.
With VIX being so low, picking up some downside protection makes a lot of sense here.
I am already predicting bloodshed in the Ukraine in the coming months. The Ukraine was Hilter’s priority before invading Russia. His main targets was Keiv and Odessa, both on the banks of the river. A massacre is very likely to happen over those two cities.
“You lease cars, not crucial military bases. Having said that I will admit to never fully understanding Gitmo, which is where the U.S. leases a Naval Base (or interrogation center) from Cuba where we are actually enemies.”
Hey Sherlock Holmes, ever think it’s all a ruse, a lie, a sham? How could the US not get Castro when he’s on an island the size of Gilligan’s Island?
I do not see this as a military problem what-so-ever. Russia isn’t Syria, Iraq, Libya or Afghanistan. Neither we or NATO are going to bother the Russians one bit should they decide to swallow up ALL of Ukraine. Some of our NATO partners have recent memories of what it is like to have the Russian Army dismantling your capital and they are in no hurry to have it happen again.
As far as the US military is concerned, Obama would be removed from office if he suggested a direct confrontation with Russia. If 90% of Afghanistan is under Taliban control more than 10 years after our “victory” then I doubt the Generals are in any hurry to piss off an enemy that can destroy every one of our cities at the push of a button.
The United States has been doing whatever it wants since 1989 but the Bear is strong once again and now it is his turn. Better get used to it.
When you have them by the balls their hearts and minds will follow.–I think John Wayne said that. Vlad has the scary Europeans by the balls. Enough said.
OBAMA & THE NATTERING NABOBS TALK – PUTIN ACTS
Lots of “Calls” in the last 24 hours…
•*OBAMA CALLING MERKEL AND CAMERON TODAY ON UKRAINE: OFFICIALS
•*MERKEL CALLED ON PUTIN TO RESPECT UKRAINE TERRITORIAL INTEGRITY
•*NATO CALLS ON RUSSIA TO DE-ESCALATE TENSIONS, RASMUSSEN SAYS
•*ITALY CALLS ON KIEV TO MAKE EVERY EFFORT FOR PEACE, STABILITY
•*ITALY CALLS ON RUSSIA TO AVOID AGGRAVATING UKRAINE SITUATION
•*AKHMETOV CALLS FOR UKRAINE TERRITORIAL INTEGRITY TO BE ENSURED
•*UKRAINE’S PM CALLS FOR PEACEFUL RESOLUTION TO CRISIS
•*UKRAINE’S PM CALLS ON PUTIN TO REFRAIN FROM STARTING WAR
•*OBAMA CALLS HEADS OF FRANCE, CANADA, TO DISCUSS UKRAINE CRISIS
•*OBAMA CALLS ON RUSSIA TO DE-ESCALATE TENSIONS IN UKRAINE
•*UN SECRETARY GENERAL CALLS FOR IMMEDIATE UKRAINE CALM: NESIRKY
•*U.K.’S HAGUE CALLS FOR `DE-ESCALATION OF TENSIONS’ IN UKRAINE
•*TYMOSHENKO CALLS FOR ACCORD WITH EU TO BE SIGNED IN DAYS
•*KLITSCHKO CALLS FOR GENERAL MOBILIZATION IN UKRAINE
•*RUSSIA LAWMAKERS CALL ON PUTIN TO DEFEND CRIMEA POPULATION: RIA
•*CRIMEA’S PRIME MINISTER CALLS ON PUTIN TO ASSIST: INTERFAX
•*U.S. CALLS ON RUSSIA TO PULL BACK MILITARY FORCE IN REGION
•*MERKEL CALLS FOR RESTRAINT OVER CRIMEA
•*CAMERON CALLS PUTIN TO DISCUSS SITUATION IN UKRAINE
President Barack Obama discussed the Ukraine crisis with German Chancellor Angela Merkel in a phone call on Sunday and underscored:
“(The primary point) in all of his calls has been to underscore the complete illegitimacy of Russia’s intervention” in the Crimea region of Ukraine, the official told reporters in a conference call.
The official, who spoke on condition of anonymity, said Obama planned shortly to make the same point in conversations with the British prime minister and the Polish president.
Russian forces massing at Crimea border crossing
Increase is significant, say Ukrainian border officials
By Margaret Coker and Alexander Kolyandr
KIEV — Russia is massing armored military vehicles on its side of a narrow sea crossing separating eastern Crimea from Russia, the Ukrainian State Border Service said, as part of what the border guards called a significant escalation against their forces.
“In the last few hours the pressure from the Russian military against Ukrainian border guards has significantly increased. The Russian special forces have taken control of several border units using brutal physical force and threat of arms and fear-mongering,” according to a border guard statement released early Monday.
The Russian forces appear to be responding to criticism by the head of the new pro-Russian parliament leader in Crimea, Vladimir Konstantinov, who is part of a group of local politicians backing Russian military moves in the autonomous territory, which is populated largely by Russian-speaking residents holding Ukrainian passports.
Konstantinov accused the Ukrainian border guards of ignoring his orders to obey commands from Crimea instead of Kiev, the capital of Ukraine, according to the statement by the Ukrainian border service.
The border service says that Russian forces are controlling at least two border positions: the Azov regional headquarters of the border guards and the headquarters of the Simferopol-based unit.
Gazprom could hike Ukraine gas prices: report
MADRID (MarketWatch) — Russian state gas producer Gazprom OAO (MIC:RU:GAZP) reportedly warned Ukraine that gas price it charges Kiev could increase after the first quarter. Gazprom’s chief financial officer, Andre Kruglov, told Reuters on Monday that the payments situation with Ukraine was “worrying. Ukraine is paying but not as well as we would like it to…We are still thinking about whether to extend the pricing contract into the next quarter based on currency prices.” The country is in the grips of a crisis with Russia, which has tightened its military grip on Crimea with thousands of troops. Meanwhile, the Group of Seven, which has condemned Russian actions, has also promised to provide strong financial support to Ukraine, a country that is struggling to avoid economic collapse.
Russia has the N.G. valve, oil valve, military hardware, lots of Russians holding down Ukraine citizenship, and location, location. location. What is not to like. Poor Ukraine does not have shit.
On NBC’s Meet the Press Secretary of State John Kerry said Russian President Vladimir Putin was operating from a position of weakness in invading the Ukraine:
Obama and Kerry are absolutely delusional. Reality is what ever they imagine in their disordered minds. It is a completely horrifying to know these clowns are in charge.
AT LEAST THERE IS NO INFLATION ON THOSE ON-LINE SALES
FedEx to raise freight shipping rates 3.9%
By Everdeen Mason
FedEx Corp. (NYSE:FDX) said its freight business will increase its shipping rates 3.9% at the end of this month after it raised its domestic express shipping rates in January.
The rate increase, effective March 31, is applicable to FedEx Freight shipments within the U.S. including Alaska, Hawaii, Puerto Rico and the Virgin Islands, Canada and Mexico.
The company said the changes will also include absolute minimum charges and accessorial rates and charges.
FedEx previously increased shipping rates by 3.9% for its domestic express-shipping business, its largest segment, on Jan. 6.
The higher rates come as FedEx and rival United Parcel Services Inc. (UPS) face some challenges, in particular a shift toward lower-priced shipping services among international customers. FedEx is revamping its express network, while UPS has sought across-the-board expense tightening, though both have said such moves aren’t a restructuring.
UPS said in November it planned to raise rates for ground services and air and international services and accessories by 4.9% this year. The U.S. Postal Service also indicated plans in November to raise its overall prices by 2.4% this year.
America’s “sleeping prophet”, Edgar Cayce, said in 1938 that “Russia is the hope of the world.”
Will he be correct? The U.S.A. certainly doesn’t seem to be filling that role…
Russian Fleet Gives Ukrainian Crimea Forces Ultimatum To Surrender Or “Face Storm”, Ukraine Defense Minister Quoted
Submitted by Tyler Durden on 03/03/2014 10:02 -0500
Just out from Reuters:
•INTERFAX UKRAINIAN DEFENCE MINISTRY AS SAYING RUSSIAN FLEET HAS GIVEN UKRAINIAN FORCES IN CRIMEA UNTIL 0300 GMT TOSURRENDER OR FACE STORM
More from Reuters:
Russia’s Black Sea Fleet has told Ukrainian forces in Crimea to surrender by 5 a.m. (0300 GMT) on Tuesday or face a military assault, Interfax news agency quoted a source in the Ukrainian Defence Ministry as saying.
The ultimatum, Interfax said, was issued by Alexander Vitko, the fleet’s commander.
The ministry did not immediately confirm the report and there was no immediate comment by the Black Sea Fleet, which has a base in Crimea, where Russian forces are in control.
“If they do not surrender before 5 a.m. tomorrow, a real assault will be started against units and divisions of the armed forces across Crimea,” the agency quoted the ministry source as saying.
And the response from the Ukraine:
•Head of Russian Black Sea Fleet demanded Ukrianian ship give up weapons and surrender, Oleksiy Kirchkov, deputy commander of Ukraine Navy vessel Ternopil, tells Ukraine’s Channel 5 by phone.
•Russia set 5 a.m. deadline for 2 Ukraine ships near Sevastopol to capitulate: Channel 5
•Ukraine ships “declined to meet the ultimatum, will stay till the very end”
It appears Putin is still unaware of the “costs” he is facing.
Meanwhile:
Interpreter notes that Ukraine’s first president, Leonid Kravchuk, who served between 1991 and 1994, wrote in the Russian publication Snob.ru today that this crisis could spark World War III:
“I call on the Russian authorities to stop. Between our peoples should not be war. Does Russia not understand that this is the beginning of World War III?” he warned.
He vowed to defend the land of his forefathers despite his age.
“My great-grandfather and grandfather fought in World War I, along with Russia. I am 80 years old, but I’ll take a gun and I will defend their land. Every citizen will defend their territory as their home.
“We knelt and Russia sat us down. Czechoslovakia, Poland, Afghanistan, Hungary. Now Ukraine is on the line?” he continued.
If the Russian troops try to take these bases, and the soldiers inside resist, is it possible that Kravchuk’s warning could come true?
The US has pissed off the two largest oil producers in the world (Russia and Saudi). Do you know who’s the second largest consumer of oil in the world (behind China)? The U.S. military, last time I checked. It would be hilarious to watch the USSA and NATO try challenge Russia without oil to run all their jets, tanks and ships. I’m sure the US could provide the oil, right? divert it from all the SUV’s, trucks delivering Chinese crap to Wal Mart. Do you think the Saudi’s will side with us against China (now their biggest customer) and Russia? We’re broke, bankrupt, do you think Saudi will take our IOU’s? Maybe we could give them SNAP cards and Obamacare policies. Oil is up $2 a barrel today. If dipshit Obama and Kerry and the EU keep flapping their gums, and Russia cut’s us off, we’re up shit’s creek.
“Russia’s Black Sea Fleet has told Ukrainian forces in Crimea to surrender by 5 a.m. (0300 GMT) on Tuesday” ————- article above
WHAT TIME IS THAT for Eastern Standard Time!!
Will it be televised? I gots plenty of popcorn.
“Archduke Francis Ferdinand of Austria for $1,000 Alex!”
Putin … he keeps his promises … right?
Maybe HNIC Oreo can give a speech. Quickly! Maybe Oreo can bore Putin to death.
Obama and Kerry are helpless at the moment, the teleprompters are down. They burned up with all the impotent jabbering in the last several days. New ones are on order from China, but it may take awhile, as always, because the weather is to blame.
Nevermind … EST is 5 hours behind GMT ….. in other words, midnight tonight. Cool.
********* BREAKING NEWZ headline on Drudge **************
“Russia has said China is largely “in agreement” over Ukraine, after other world powers condemned Moscow for sending troops into the country.”
WooHoo!!! Another 1.3 billion person nation on Russia’s side.
Go, Oreo, GO!! Watcha got???
None of Obama’s vacuous platitudes and threats are having any effect whatsoever. Wait for it, because it’s coming, it’s getting input into the teleprompter as we speak, Obama’s secret weapon of mass destruction, what saves him every time, and he’s about to let the bad boy out of the bag, unleash the strength that put him in office twice and has leveled and humbled all his enemies before him….
Obama’s about to call Putin a racist.
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I read it, too, Stucky. All I can think is that it would be suicide to go up against a united/allied Russia-China. Especially when we have an incompetent “community organizer” running things.
I’m sure it’s wrong of me but, BAAHAHAHAHAHA!!!!!!!
As much as the conflict between Russia and Ukraine affects oil prices, the stock market and our economy plus instability in the region, this situation also should remind everyone about the larger threat of oil depletion and oil scarcity.
Many believe the oil industry always lies that scarcity is happening to justify price-gouging. Back in 2008 then about to retire CEO Jeroen Van Der Veer of Royal Dutch Shell send a internal memo to his employees titled “scramble or blueprints” stating that by 2015 the worlds cheap easy to find and market oil will be depleted. Either we can develop a plan (with unavoidable setbacks) to deal with declining supplies OR scramble around at the last minute trying to patch things together.
I certainly believe the oil industry often price-gouges and has prevented energy alternatives from being developed and perfected for many decades. However, I also believe that we have finite resources on our planet especially oil. “Fracking” or any other newer oil processing methods simply can’t overcome this – perhaps only slightly delay the time when lack of oil supplies start to more quickly drag economies down.
Just before the oil embargo in 1973, US oil companies searched all over our country to determine the level of oil deposits at various sites. They then capped these oil wells and began importing more oil from Saudi Arabia. The intent was to use up oil from foreign sources first to protect our own supplies – and our economy. The person who mentioned this to me also stated that he believed we have plenty of oil in our own country but that to fully use it, the industry would need to be allowed to drill in or near many cities and environmentally sensitive areas.
I believe we have already passed “peak” oil worldwide but that the rate of depletion isn’t going to be a slow steady decline. It will likely be a steeper downward curve but if true, no government or oil industry official would admit this for fear of stock market shock.
Oil depletion, conflict, devaluation of our dollar, debt, lack of growth of millions of good paying jobs, and government gridlock and mismanagement all add up to economic disaster.
“Prepping” really isn’t something only a “fringe” minority should be doing – especially for those who are aware and informed about important issues.
Dimitry Orlov has some interesting thoughts …
http://cluborlov.blogspot.com/2014/03/reichstag-fire-in-kiev.html
… the major problem is that Western Ukraine (Eastern Poland prior to World War II) was never properly de-Nazified (the technical German term for this process is Entnazifizierung).
“The United States is by far the largest importer of Russian oil in the Western Hemisphere. In 2009 the United States imported more than 200,000 bbl/d from Russia”
So, let me get this straight. The USSA is one the biggest financial supporters of Russia in the world, as we buy the most oil from them (their #1 export). So, we’re supporting their military in a myriad of ways, all financial. But I’m confused, because Obama and Kerry don’t want Russia to use the military that we funded. Okay. I feel better now.
China holds almost 2 trillion of our debt IOU’s, and they’re selling ’em, and collecting gold. Russia also holds our debt, but is dumping it and buying gold, and they supply us with our lifeblood (oil).
So, China has ahold of our left testicle, and Russia has ahold of our right testicle, and they are allied and working together to squeeze?
Yes, we are allied in squeezing the balls of the USSA until Obama cries and screams and calls us racist…..
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Olga says:
Dimitry Orlov has some interesting thoughts …
http://cluborlov.blogspot.com/2014/03/reichstag-fire-in-kiev.html
… the major problem is that Western Ukraine (Eastern Poland prior to World War II) was never properly de-Nazified (the technical German term for this process is Entnazifizierung).
____________________
And western Poland used to be Eastern Germany. The solution to this problem seems obvious. Take Poland and move it east a few hundred miles, then cede the rest of it back to Russia. Problem solved.
I shoulda been a diplomat.
Will it be televised? I gots plenty of popcorn.
“Archduke Francis Ferdinand of Austria for $1,000 Alex!”
You know, I thought that last night when I read about Kerry’s emergency trip to Kiev today. I wonder if that dipshit will make it out alive.
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QUESTION TO ALL –
I read a article back in mid 2012 by Paul Craig Roberts President Reagan’s Assistant Secretary of the Treasury. He stated that he suspected the BRICS would eventually try to form their own trading currency because of what the Fed is doing to ours. What’s the chance of this actually happening?
Anyone care to comment?
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