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'F**k the U.S.!' EU economy facing major blowback from anti-Russia sanctions

Russia as monster
© Michel Phillipsen
The peace-loving EU watches helplessly as the monstrous Russia devours Ukraine with thousands of tons of humanitarian aid... This is an illustration in a school textbook in The Netherlands, where children are being taught the American way of life.
As Sott.net reported earlier this month, this photo from a Dutch school textbook for 15 and 16-year-olds, portraying Russia as a monster with claws and fangs trying to devour Ukraine, while Europe extends a helping hand - in complete contravention to the truth - encapsulates the full-spectrum madness emanating downwards from the Atlanticist elites.

Five months back, I wrote an open letter to the leaders of the EU:
An open letter to Europe's leaders: "F*ck the EU" was an insult, not a command!
And now they have replied - sort of - with actions that make it abundantly clear that the spineless, pusillanimous pond-froth parading as 'leaders of the EU' have not changed tack one bit. The EU extended its sanctimonious sanctions against Russia, thereby ensuring more suffering for Europeans in the name of US global hegemony. The sanctions were extended on June 22nd, which just so happens to be remembered in Russia as the day Nazi Germany invaded in 1941. As a Russian Foreign Ministry statement said:
We would like to believe that it is a coincidence, and not by design."

Dollar

Will the collapse of the dollar be hastened by seizure of Russian assets?

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While much of the world focused last week on whether or not the Federal Reserve was going to raise interest rates, or whether the Greek debt crisis would bring Europe to a crisis, the Permanent Court of Arbitration in The Hague awarded a $50 billion judgment to shareholders of the former oil company Yukos in their case against the Russian government. The governments of Belgium and France moved immediately to freeze Russian state assets in their countries, naturally provoking the anger of the Russian government.

The timing of these actions is quite curious, coming as the Greek crisis in the EU seems to be reaching a tipping point and Greece, having perhaps abandoned the possibility of rapprochement with Europe, has been making overtures to Russia to help bail it out of its mess. And with the IMF's recent statement pledging its full and unconditional support to Ukraine, it has become even more clear that the IMF and other major multilateral institutions are not blindly technical organizations, but rather are totally subservient lackeys to the foreign policy agenda emanating from Washington. Toe the DC party line and the internationalists will bail you out regardless of how badly you mess up, but if you even think about talking to Russia you will face serious consequences.

Gold Seal

Why China won't get sucked into a pointless war with the U.S.

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"China is reaching deep within the world island in an attempt to thoroughly reshape the geopolitical fundamentals of global power...... Its two-step plan is designed to build a transcontinental infrastructure for the economic integration of the world island from within, while mobilizing military forces to surgically slice through Washington's encircling containment.......If China succeeds in linking its rising industries to the vast natural resources of the Eurasian heartland, then quite possibly.... "the empire of the world would be in sight."

— Alfred McCoy, The Geopolitics of American Global Decline, The Unz Review
"The future of politics will be decided in Asia, not Afghanistan or Iraq, and the United States will be right at the center of the action."

— Former Secretary of State, Hillary Clinton, "America's Pacific Century", Foreign Policy magazine.
China's meteoric rise has Washington worried, not because China is a threat to its neighbors or to US national security, but because China's influence is expanding across the region. It's creating the institutions it needs to finance its own development (AIIB and New BRICS Bank), it's building the infrastructure needed to connect the continents with state-of-the-art high-speed rail (New Silk Road), and its attracting allies and trading partners who want to participate in its plan for growth and prosperity.

This is why Washington is worried; it's because China has transformed itself into an economic powerhouse that doesn't conform to the neoliberal model of punitive austerity, pernicious privatization, and madcap asset inflation. China has slipped out of the empire's orbit and charted its own course, which is why Washington wants to provoke Beijing over its negligible land reclamation activities in the South China Sea. Washington thinks it can succeed militarily where it has failed economically and politically.

Megaphone

How will Greece "unpivot" from Russia after capitulating to the Troika?

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While Greece is collectively scratching its head why Tsipras et al were at loggerheads with Europe for 4 months, during which time the Greek economy entered a recession and saw its banks not only depleted of all cash but become de facto wards of the ECB, just to reach an "agreement" that could have taken place back in February, and attention shifts to just how Tsipras will pass last night's impromptu capitulation through hard-line leftist parliamentarians, Greece now has another problem: how to unpivot the aggressive pivot toward Russia in the past few months, which culminated with the signing of an energy deal last week in St. Petersburg.

It goes without saying that if Greece is scrambling to go back into the Troika's good graces, Belgium will make it very clear that any overtures to Putin are to be "cease and deceased" (sic) immediately. Which opens a can of worms for the Marxists in government: how to slam shut the door to their ideological Plan B, when everyone knows the Grexit fiasco will repeat again in a few months, and Greece will again be knocking on the Kremlin's door.

For now, however, the situation is as follows, courtesy of Kathimerini: a rift appeared to have emerged Monday between Energy Minister Panayiotis Lafazanis and Foreign Minister Nikos Kotzias as regards the country's energy policy, with the latter declaring that the government is fully in line with European policy in spite of a recent Russian gas deal that has ruffled feathers in Brussels.

Quenelle

Putin's approval rating hits 89 percent, his highest-ever in recorded history

Putin T-shirt
© CNews Canoe
Russian independent pollster, the Levada Center, says the share of Russians who are happy with Vladimir Putin's work as president has reached 89 percent, which is his highest-ever approval rating. The poll was conducted over the period June 19-22, with the Levada Center releasing its results on Wednesday.

The number of Russians who expressed dissatisfaction with Putin's work was 10 percent.

Sixty-four percent think the current policies of the Russian authorities are correct - also the highest in history.

Sixty-six percent of responders said they approved of Dmitry Medvedev's work as prime minister and 33 percent expressed disappointment with it. At the same time, the government in general has earned the approval of 62 percent of Russians and the disapproval of 37 percent.

The Lower House of Parliament was less popular, with 54 percent of those polled approving the MPs' actions and 44 percent saying their efforts weren't good enough.

When researchers asked the Russian public to name five or six politicians they trusted most, Putin again ranked first with 64 percent of responders naming him their favorite. Defense Minister Sergey Shoigu was second with 28 percent and third place was split between PM Dmitry Medvedev and Foreign Minister Sergey Lavrov, who each garnered 21 percent.

Opposition party leaders claimed significantly less - only 11 percent of Russians said they trusted the head of the Communist Party Gennadiy Zyuganov, nine percent gave Liberal Democratic Party leader Vladimir Zhirinovskiy the nod, and just four percent said they trusted the head of the Fair Russia party, Sergey Mironov.

Comment: Man of the Year for sure! How about Man of the Decade?


Megaphone

Ex-German Finance Minister slams 'warmongering U.S. imperialism' - 'F**k US imperialism'

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© Reuters / Tobias Schwarz
Oskar Lafontaine
Left-wing German politician and former finance minister Oskar Lafontaine had some harsh words for the US on its politics concerning Russia and Ukraine. He has also called on the EU to oppose Washington.

In a Facebook post which cannot be quoted fully quote due to strong language, Lafontaine, whose latest political post was co-chairman of the democratic socialist party The Left, called US Defense Secretary Ashton Carter the "Secretary of War", and Washington's policies "imperialism."

"The US Secretary of War calls on Europeans to confront the Russian 'aggression'," Lafontaine writes after a strongly-worded introduction. "The Europeans have every reason to oppose the US aggression."

Ashton Carter has paid a visit to Tallinn, where he pledged a new batch of 250 tanks and armored vehicles to European nations near the Russian border. His counterparts from Estonia, Latvia and Lithuania were eager to accept the deployment, indicating they see it as a message to Russia over what they call its "aggression."

Stock Up

Russia becomes China's biggest oil provider, overtaking Saudi Arabia

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© Reuters / David McNew
In May China imported a record 3.92 million metric tons of crude oil from Russia, which is equivalent to 927,000 barrels per day. Russia has become Beijing's top crude supplier for the first time since October 2005.

"Russia is using its good relationship with China to increase supplies and has now taken the top spot," Gao Jian, an analyst at Shandong-based energy consultant SCI International told Bloomberg in a phone interview.

Last month Saudi Arabia delivered only 3.05 million tons to China overtaken also by Angola, which sold 3.26 million tons in May reports Bloomberg, citing data from the Chinese General Administration of Customs published Tuesday.

Comment: Slowly but surely, the alliance between Russia and China is increasing in strength.


Eye 1

Two men arrested in Ukraine for the murder of journalist Oles Buzina

Oles Buzina murderers
© Unknown
Since bailed out by an oligarch
Two people were arrested in Ukraine on June 18 for the murder of journalist Oles Buzina on April 16, 2015. The two are said to be members of neo-Nazi paramilitary forces. Andriy Medevko and Denys Polischuk appeared in court separately on June 19. They were denied bail and will appear again in court in August.

Polischuk was released on bail on June 23. He was greeted upon release by a crowd of Right Sector members. Bail of five 5 million hryvnia (US$230,000) was paid by Oleksiy Tamrazov, owner of the media conglomerate Media Group and one of the wealthiest oil/gas businessmen in Ukraine. (UNIAN News, June 23, 2015)

Both men are in their mid-20s. Korrespondent reported that a third suspect had been arrested. He was later released without charge.

Comment: Also see: Hacked emails show Ukrainian Security Service involved in murder of opposition journalists


Cell Phone

Marine Le Pen stating the obvious: US neither ally nor friend of France

Marine Le Pen
© AP Photo/Michel Spingler
The United States is "neither an ally nor a friend of France," member of the European Parliament, leader of France's National Front political party Marine Le Pen said, commenting on reports on eavesdropping on mobile phones of the last three French presidents.

"The revelations made by the WikiLeaks website seem to be very serious," she said. "This eavesdropping poses a direct threat to our national independence, sovereignty and security."

Comment: Le Pen is stating the obvious and shouldn't be surprised at the WikiLeaks revelations.


Apple Green

Russian counter-sanctions should take into account Hungary, Greece, Cyprus stances

Valentina Matviyenko
© Ilya Pitalev/TASS
Speaker of the russian Federation Council Valentina Matviyenko.
Working out retaliatory sanctions against the European Union, Russia should take into account the stances of the countries with which it has good economic and political relations, such as Hungary, Greece and Cyprus, speaker of the Federation Council Valentina Matviyenko told reporters on Wednesday, answering a TASS question.

She said with regret that the EU has extended sanctions against Russia, adding that "Russia will introduce its retaliatory, adequate and measured counter-sanctions" and the Russian government is currently working on this.

Comment: Looks like cooler heads prevail in Russia to counter US/NATO/EU aggression.