Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Done Deal For Independent East Ukraine

Politics / Ukraine Civil War May 12, 2014 - 07:04 PM GMT

By: Andrew_McKillop

Politics

Novorossiya Starts in Crimea
In interview with CBS, May 11, former US Secretary of Defence Robert Gates firstly said that Russia's annexation of Crimea was “a done deal” and that “there’s nothing we can do to change the situation.”  He openly questioned what the real motives of Vladimir Putin in eastern Ukraine may be. Gates said: “I’m not sure he knows at this point, other than to....protecting the Russians and making sure the Ukraine ultimately leans back toward Russia”. For Gates the done deal in Crimea can easily morph into eastern Ukraine becoming a Russian satrape. He said. “I don’t think he’ll rest until there’s a pro-Russian government in Kiev or a federated Ukraine where the eastern part of the country, for all practical purposes, looks to Russia.”


Gates is a rare denizen of Washington's upper reaches who feels able, or even obliged to tell the truth. He said in his CBS 'Face the Nation' interview that the US and Obama are in a very tough spot  because “We really have very few tactical options. There is no real military option. And in the short term, there’s not a lot we can do.”

Being one rare Washingtonian who faces the truth as well as the nation, Gates made an urgent plea for Washington to act on the USA's domestic problems – not those of a ruined country 10 000 miles away. He laid the blame squarely where it belongs, saying that the greatest security threat was not Russia. “I think the greatest national security threat to this country at this point is the two square miles that encompasses the Capitol building and the White House”. “If America can’t get some of our problems solved here at home; if we can’t get our finances in a more ordered fashion, if we can’t begin to tackle some of the internal issues that we have,” then “those foreign threats recede significantly.”

Very shocking! Being a former Secretary of Defense, Gates knows all about nuclear weapons and ICBMs.

'Wall Street Journal' editorial writers, and similar glove puppet go-to-war gurglers ignore the simple, basic fact that Russia can't be beaten – militarily. It may be nice to imagine a Libyan-style Nato operation against Russia followed by its collapse and a “really neat” mob assassination of Putin, but that is strictly for 'WSJ' editorials and the other comic books. Not for sane adults.

The European Sanctions Charade
In typical European disarray, double dealing and intrigue – to force the hand of other “European allies and brothers” into losing juicy markets in Russia paid with shiny petrodollars – the EU quickly responded to the referendum votes in eastern Ukraine. They are illegal, immoral and will make Ukraine thin, in fact wafer thin when it comes to IMF bailouts. Kiev may now lose the rest of the agreed IMF $17 billion loan after receiving its first $3.2 billion installment - $2.7 billion of which has to go to Gazprom for gas payment arrears according to the IMF. The IMF also says Kiev owes it $5 billion on previous loans in the Yevtushenko and Tymoshenko era – despite the IMF de factor recognizing the Kiev Flash Mob which used street violence to chase out the country's previous elected governments.

The Kiev Flash Mob can therefore repudiate the previous governments – but not their debt!

Defending the country – or several countries – by sanctions against Russia has an unappetizing feel and look of lost bizniss to come, for the Europeans. The tirades from Angela Merkel and Francois Hollande, Sunday 10 May, following the referendum votes in eastern Ukraine were typical European feint and subterfuge.

Their joint statements, and their several statements “agreeing to support tougher sanctions”, and their “calls” for Putin himself to organize “elections across the whole of Ukraine” are as two-faced and absurd as France continuing to build two Mistral-class “invasion platform” fighting ships for Russia, and continuing to train 400 Russian sailors to use the ships, in France. The German corporate and industrial elite has already screamed loud that it wants all sanctions to be dropped, and all talk of war with Putin to disappear. Bizniss is bizniss.

In interview with Germany's 'Bild' newspaper, Polish President Bronislaw Komorowski claimed: "I don't have much understanding for the way that some Europeans are viewing Russia. It's better to put out the fire now than to wait for a larger fire to spread to other nations. We can't just stand by and watch when a nation is being blackmailed with brutality and military power right in front of our front door." He meant Poland's front door but conveniently forgot that the European trick is to always dump the dirt in front of somebody else's front door.

To be sure there is an inevitably unavowed, never-admitted reason for this deceit, stretching way beyond simple greed for Putin's petro-euros and gas-dollars. Unless the promised May 25 “whole country” elections in Ukraine for a new president are held, Kiev remains an unelected Flash Mob government. It is not democratically elected. Leaders like Obama, Merkel, Hollande and Cameron will have to explain why they support an unelected government that grabbed power by street violence.

If they can't do that, they should resign themselves.

Democracy and Referendums
The shaky European political elites hate the word “referendum” because it means democracy is at work and afoot. Unless the expected result is exactly that – expected – they fear referenda.

The Scottish referendum on full independence from England is a classic example. The Madrid government's refusal to allow the Catalonian government to hold a referendum on independence for Catalonia is another. A Europe-wide or US-wide referendum on crony banks and their bailouts from crony government would also be “unthinkable” for the incumbent, that is squatting elites.

An urgently needed banking referendum would have the simple Yes/No question: “Should banks be allowed to tax savings accounts?”. Yes or No.

The habit (in fact constitutionally guaranteed right) of calling referenda in some small democratic countries like Switzerland, and the sharp criticism of this by glove puppet media in the “mature democracies” is another proof that the elites fear democracy. The howls of ritual indignation following the eastern Ukraine referenda were therefore totally predictable.

What we can hope is that popular demand for referenda on major issues becomes the new Flash Mob call – inside our “mature democracies”. Instead of burning car tires (polluting the atmosphere and preventing the tires from being recycled) the Flash Mobs can get even more street-credible and hit the elites where it really hurts.

Do you want to be governed by crony politicians? Yes or No.

By Andrew McKillop

Contact: xtran9@gmail.com

Former chief policy analyst, Division A Policy, DG XVII Energy, European Commission. Andrew McKillop Biographic Highlights

Co-author 'The Doomsday Machine', Palgrave Macmillan USA, 2012

Andrew McKillop has more than 30 years experience in the energy, economic and finance domains. Trained at London UK’s University College, he has had specially long experience of energy policy, project administration and the development and financing of alternate energy. This included his role of in-house Expert on Policy and Programming at the DG XVII-Energy of the European Commission, Director of Information of the OAPEC technology transfer subsidiary, AREC and researcher for UN agencies including the ILO.

© 2014 Copyright Andrew McKillop - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisor.

Andrew McKillop Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in