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Imagine Russia defaulting on all its foreign debt - over $700 billion - on which Western sanctions have raised extra, punitive costs in terms of repayment.
The default would be payback for the twin Western manipulation of oil prices and the ruble. ...
Currently the only products that the West needs from Russia are oil and natural gas. A possible Russian default on its debt would have no effect on that demand in the short-term; and most probably in the long-term as well, unless it would contribute to a new financial crisis in the West, something that nearly happened in 1998.
We all remember August 1998, when a Russian default shook the entire Western financial system to the core. If a Russian default is now the object of serious consideration by the highest powers that be - and that includes, of course, the FSB, SVR, GRU - then the specter of The Mother of All Financial Crisis in the West is back. And for the EU, that would be fatal.
The White House announced a while ago that the coin FINALLY dropped on Obama and he WILL talk to Putin at the UN General Assembly.
And now a senior adviser to Assad is saying that the US and Russia have reached a "tacit agreement" on ending the mess in Syria.
Quick recap. Putin started by refusing "Assad must go" as a prerequisite for peace negotiations.
Then he turbo-charged the military build up in Latakia - both the Pentagon and the White House DID NOT see it coming.
So this is what Putin accomplished even BEFORE Obama saw the light and decided to talk:
Forget about a Libya-remixed NATO war on Syria.
Forget about a Sultan Erdogan no-fly zone over areas controlled by Damascus.
And out with the old world order. THIS is how the new world order works, and Russia is also driving it.
Putin's speech on Monday at the UN will be about "the joint struggle against terrorism" (as branded by TASS).
Expect abundant apoplexy in the Washington/New York axis.
Clearly not wanting to be outdone when it comes to bureaucratic buffoonery, the Commonwealth of Australia is fighting back.Nursery school staff and registered childminders must report toddlers at risk of becoming terrorists, under counter-terrorism measures proposed by the Government.
The directive is contained in a 39-page consultation document issued by the Home Office in a bid to bolster its Prevent anti-terrorism plan.
But concern was raised over the practicalities of making it a legal requirement for staff to inform on toddlers.
Comment: Also see: The Atlantic Council, Western media, and the 'Big Lie' about Putin's Russia