Welcome to Sott.net
Fri, 05 Nov 2021
The World for People who Think

Puppet Masters
Map

Piggy Bank

Greece may be preparing for Grexit and return to drachma

Image
© Reuters/Dado Ruvic
Athens is currently trying to negotiate a new bailout deal with its Troika of creditors, but if that falls 'Plan B' could reportedly involve getting rid of the euro and cutting off its banking system from the European Central Bank.


Comment: 'Plan B' probably should have been 'Plan A'.


Greece's government is getting ready to nationalize the country's banks and return to the the drachma, the Telegraph reported citing sources.

"We are a left-wing government. If we have to choose between a default to the IMF or a default to our own people, it is a no-brainer," a senior official told The Daily Telegraph.

"We will shut down the banks and nationalise them, and then issue IOUs if we have to, and we all know what this means. What we will not do is become a protectorate of the EU," according to another source.

Comment: For more analysis: Russia and Greece vs. the West: A geo-strategic 'game, set and match'?


Clipboard

Russia and Greece vs. the West: A geo-strategic 'game, set and match'?

Image
© Kremlin.ru
Vladimir Putin meets yesterday with General Director of Aeroflot Vitaly Savelyev. Are the Greece touristic flights warming up? (Kremlin)

Greek Prime Minister Alexis Tsipras is headed to Russia April 8 to meet President Putin. With Russia and China emerging as an alternative to US-World Bank economics, the safe bet could be on a Russo-Greco bridge.


Greece's Industrial Reform Minister Panagiotis Lafazanis and Syriza MP Thanasis Petrakos were in Moscow the last two days laying the groundwork for Prime Minister Alexis Tsipras' meet with Vladimir Putin. As a squirming cauldron of edgy bankers, politicians, and generals west of the Bosporus look on with prescience at the prospects, Russia and China have a singular opportunity. As a caveat, Petrakos told Spiegel Online and other media:
"This visit is very important for Greece. We intend to deepen our relationship with Russia in the energy sector and thereby hope to gain a significant advantage."
A couple of weeks ago I reported on Tsipras' acceleration of his meetup with Putin. With talks in Berlin and with Brussels upcoming, the Greek Prime Minister set out to play his country's economic hand with the cards he had been dealt. Holding a Russo-Greco deal over the bankers' heads, this was not genius, only deal-making 101. The follow up report the other day asking if Brussels had "warmed" to Tsipras' ideas of debt consolidation spoke of potential cooperation between Greece and Russia in terms of commodities like gold, and "collateral" to ensure Russia's "yield" on any deal would be guaranteed. What I did not speak of was long term gain for Russia, and all her investment interests, should Athens cement relations with Moscow. Here are some keen observations for predictive measures on the coming meetup.

Comment: Watch. One week after April 9th a false flag attack will be inflicted on Greece. Or, the U.S./troika will be making lame economic deal overtures towards Greece. Or both.


Key

Greece wants to become hub of Russian-led Turkish Stream

Image
Greece favors the Turkish Stream project to boost its chances of becoming a gas hub for Southeast Europe, said Marco Giuli, a policy analyst from the Brussels-based European Policy Centre on Monday.

His comments come as Greek Energy Minister Panagiotis Lafazanis meets his Russian counterpart Alexander Novak and the CEO of Russian energy giant Gazprom on Monday in Moscow.

"Greece needs foreign investors to complete the necessary interconnections that will allow Athens to play this role. As such, it is looking to Russia as well as to other partners," Giuli said.

According to experts, in the upcoming meeting a gas discount for Greece could be discussed.

"Gazprom is expected to offer a discount to Greece in exchange for a contractual extension. This could be instrumental in the well-known divide-and-rule strategy of Russia in energy matters. This is not a Greek-specific issue, as every EU member state negotiates separately with Gazprom, often obtaining similar advantages," Giuli said.

Giuli added that regulatory developments in the EU have significantly impacted and curbed Gazprom's power - although not necessarily providing viable alternatives to many eastern EU countries.

Light Sabers

Russia ready to supply Tajikistan $1.2 billion military aid to fight Islamic State

Image
© RIA Novosti/Mihail Mokrushin
Servicemen load a Pechora-2M air defense complex of the Tajikistan armed forces, 10 September, 2013.
Russia is ready to supply about $1.2 billion worth of weapons and military equipment to the Central Asian nation of Tajikistan, which is currently threatened by invasion from the Islamic State, a leading Russian business daily reported.

The Kommersant Daily newspaper quoted unnamed sources in the Russian General Staff as saying the amount of planned military aid to Tajikistan could reach 70 billion rubles (over $1.2 billion at current rate) within the next few years.

The arms and equipment would include personal weapons and ammunition, communication systems, aircraft, artillery systems and missiles. Most of the aid will be second hand hardware currently on the Russian forces' balance, the sources said.

Comment: Another hot spot developing.


Pirates

US narrative on Ukraine obscures geopolitical realities and regional history

Ukraine city
© AFP 2015/ Vasily Maximov
Ukraine has always been deeply divided, both culturally and politically, with its eastern regions closely linked to Russia. However, the West obscures geopolitical realities, being obsessed with slamming Russia's leader Vladimir Putin, noted Jay Ogilvy, a Stratfor analyst.

Instead of adding fuel to the fire of the ongoing Ukrainian crisis, "foolishly giving in to calls to arm" the Kiev regime, the West should have focused on geopolitical realities and the region's history, underscored Jay Ogilvy, an American analyst, author and a member of Stratfor's editorial board.

"The dominant US narrative for Ukraine is that Ukraine is simply one more Eastern European country trying to pry itself out from under seven decades of Soviet oppression.

This narrative is profoundly misleading," the author emphasized, pointing to the fact that Ukraine has always been deeply divided both culturally and politically with its eastern regions closely connected to Russia.

Referring to statistical evidence, the Stratfor analyst pointed out that Ukraine's eastern regions, inhabited predominantly by Russian-speakers (over 50 percent), has always leaned toward Russia, voting for Viktor Yanukovych in 2004 and 2010 rather than for pro-Western candidates Viktor Yushchenko and Yulia Timoshenko.

Jay Ogilvy underscored that this phenomenon is deeply rooted in the country's past: these territories had long been an integral part of the Russian Empire, while Crimea was ceded to Ukraine only in 1954 by Soviet leader Nikita Khrushchev, who "could hardly have imagined that his beloved Ukraine would cease to be part of the Soviet Union in less than 40 years."

Bad Guys

US continues to push Japan to war against China

Japan's Prime Minister Shinzo Abe.
© AFP Photo / Kazuhiro Nogi
Japan's Prime Minister, and US regional puppet, Shinzo Abe.
Tensions have steadily risen between Tokyo and Beijing over a group of largely uninhabited islands in the East China Sea. Both nations claim ownership, and the islands overlook major shipping lanes in the Pacific Ocean, which means the United States has an indirect interest, as well.

"We don't take a position on final sovereignty on the Senkakus," President Obama said during his tour of Asia last April, "but historically they've been administered by Japan and should not be subject to change unilaterally."


Comment: This is rich, coming from a president who's assassinated his own citizens and supported the ethnic cleansing of the Ukraine (to name only two of many unilateral changes in sovereignty).


A growing Chinese military presence in these waters has brought a new set of guidelines before the Japanese parliament, aimed at strengthening the country's collective self-defense. A plan that has Washington's full support.

Comment: Yes, Japan has gone bonkers, using the Islamic State as a shock to justify diving into the military-industrial cash cow. Abe is happy to be the empire's hand-maiden:
  • Another US move to flank China: Japan approves largest military budget since WWII
  • Fear mongering: Japan tells world to stand up to China or face consequences
  • Is this Japan's last stand? PM dissolves Parliament, puts off tax rise to save Abenomics



Quenelle - Golden

Western sanctions have strengthened the Russian economy

Wladimir Putin
© Kreml
Holding strong
Russia's economy has surprised analysts, demonstrating amazing strength in the fourth quarter of 2014, Deutsche Wirtschafts Nachrichten reported.

Investors are rethinking their views of Russia as a prospective country for growth and Russian governmental stocks are now considered much safer than three months ago, the media source wrote.

Comment: Also see: Who needs the United States? Not Russia and China


Clipboard

British firms discover oil and gas off Falklands, Argentina threatens legal action

Image
© Reuters / Marcos Brindicci
A British soldier stands on a pier in Stanley, Falkland Islands.
A group of British exploration companies have found oil and gas in an area north of the Falkland Islands. The Argentine government has threatened to challenge all exploration and drilling efforts in court.

The discoveries by the Zebedee exploration well were described by companies involved as "better than expected".

The oil explorers said they found 27.9 meters of net-oil bearing reservoir and 18.5 meters of net gas-bearing reservoir. The license area being explored is 40 percent owned by Falklands Oil and Gas, 36 percent by Premiere Oil and 24 percent by Rockhopper Exploration.

Comment: Another hot spot getting warmer.


Clipboard

Iran nuclear deal: Major sign of the Empire's weakness? Israel won't be pleased

iran
So a deal was apparently reach in Lausanne. It is not quite final, and there might be zig-zags, but it looks likely that a deal will be reached between Iran and the AngloZionist Empire. Except for in this case, the Anglos appear to be distinctly happier than the Zionists. So what is going on here?

First and foremost, and I have said that innumerable times on this blog, this is not about some putative Iranian nuclear weapons program. I will not repeat all the arguments in detail here (those interested can look into the archives), but here is a short summary of why Iran never intended to have a nuclear weapon:

Comment: The key leaders are not just dumb, crazy or fanatical. Some may be. But the real problem is this: they are psychopaths. They can't meaningfully project their actions into future consequences. And even if they could, those consequences wouldn't have any emotional weight or value for them. They want what they want, and they want it now, no matter how many people they have to kill, and no matter how self-defeating those policies may be in actuality.


Die

Yemen: The Russian angle and the Arab mentality factor

Ground operation in Yemen may begin any day now. This was announced by the representative of the government, who fled to Saudi Arabia. A small state with a tribal system became a toy in the hands of American and Saudi elites. In an interview with Business Online, Shamil Sultanov, a member of the Izborsky Club, the head of the center "Russia - Islamic world", talked about the situation.
yemen
The situation in Yemen, in my opinion, can not be described as dynamic. This country has its own constants, its own constant forces, the ratio and collision of which will determine how the conflict will develop further. These four forces are: on the one hand - the Houthis from the movement Ansar Allah, joined by the supporters of former President Ali Abdullah Saleh; and on the other - the official Yemeni government led by president Abd Rabbuh Hadi, who escaped to Saudi Arabia; as well as local jihadis, funded by the Saudi intelligence to commit acts of sabotage within the country. On one side - the Sunnis, on the other - the Shiites. And these forces have not been formed today, so I'm not talking about dynamism, but rather about a certain constancy in the political world of Yemen.

Yemen is one of the most complex conflict zones not only in the Middle East, but also in the world. Even in Syria and Iraq, everything is less complicated. Because Yemen has too many internal problems and contradictions. For example, one of the goals of Saudi Arabia is to force Iran to come to the aid of the Houthis, to interfere in this war and thus help Riyadh to disrupt the upcoming deal on Iran's nuclear program. And what does this mean? That certain American counter-elites are also in this game, who also oppose this agreement with Iran. Here we see not just a manifestation of a U.S. foreign policy, but the clash in Yemen of certain American elite clans, security agencies of various kinds, business groups, and so on.


Comment: The West tried the same trick with Russia re: Donbass.