By Greg Hunter’s USAWatchdog.com
This week, we, once again, lead with the Ukraine crisis. Russian President Putin now says, “Crimea is part of Russia.” A referendum in Crimea voted overwhelmingly in favor of joining Russia. The West is not buying it and has sanctioned Russia. This is supposed to be a serious international crisis. So, why are the sanctions so light? We hit with a feather and then another feather by only sanctioning a few people in Ukraine and Russia. Russia hit back with some feather sanctions of its own, but also threatens to damage the U.S. dollar and not helping us with the Iranian nuclear negotiations. There is not much in the way of sanctions coming out of Europe, as well. Angela Merkel, Chancellor of Germany, is also talking a tough game, but at this point, it is just talk. The real problem here is the West finds itself in a very weak financial position and really can’t take a hit economically. It seems the world is teetering on insolvency. Europe and Russia are doing much business together. Russia is a major supplier of natural gas to the EU, and the EU has many investments in Russia. Both Shell and BP have major oil and natural gas deals in Russia. Could this spiral out of control? Yes, but the smart money probably is not going to push it on either side. Let’s hope it does not turn into a bloody civil war.
I had book author and Russian blogger Dmitry Orlov on this week, and he says the U.S. needs Russia militarily. How do you think we supply troops in Afghanistan? We have a deal to go through Russia. That is a hug