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

Putin Calls out Obama: G-20 Conference: East vs. West

Politics / New Cold War Sep 05, 2013 - 08:39 PM GMT

By: Stephen_Merrill

Politics

The Russia Times news channel (RT.com) has become a thorn in the side of US journalism with its steady, Kremlin-written, anti-US, anti-Obama stories and editorials.

The Edward Snowden affair seemed to whip RT’s writings into a full-throated debate with the fading US superpower.  That situation proved not much though when compared to the voice the Syrian civil war affair is bringing to the RT editorial staff.


And not even mostly about Obama’s newest war in the Middle East.

On Monday, the RT lead editorial on Syria predicted a quite tough G-20 conference in St. Petersburg for Obama starting later this week.  The article went on to call out Obama and the West for its blind loyalty to the Too Big to Fail Banks. The words chosen were quite challenging.

“… world leaders would be very well advised to first and foremost tackle one fundamental hideous problem: the global mega-bankers’ power to consistently rip off the entire planet by getting governments to bail them out every time their criminal shady business deals grow sour. 

If these summits do not address this key issue, then it’s like the proverbial Emperor with No Clothes. If you avoid addressing the obvious, all you get in the end is more business as usual.”

The editorial was quite personal too, Putin vs. Obama head-on with a chilling reference for the West to another world leader.

“One of these gentlemen blinked [Obama] ; the other one remains very focused [Putin].

Vladimir Putin will continue to stare at Barack Obama who will continue to blink, whilst no doubt China’s Xi Jinping will join them with a typical enigmatic Chinese smile.”

The RT editor followed on Tuesday pointing out the growing East has little interest in the high tax nonsense the stagnant West wishes to discuss as the G-20 agenda.

“Why bother investing in Frankfurt or London when you can profit from being in Moscow’s state-of-the-art financial center? Likewise, look to Turkey, South Korea or Singapore - they want your business.”

“The St. Petersburg summit marks a pivotal moment when East meets West as overall economic equals for the first time in 500 years. Western governments addicted to spending will try to bully efficient governments into taxing more than feasible to raise.”

A page-wide image of the Singapore business district graces the RT editorial.

Now there is word the two leaders will meet one-on-one after all, now in St. Petersburg, presumably to discuss the plans Putin says he has should Obama decide to launch missile attacks on Syria. 

Will it be fencing or boxing at the G-20?  Will the Syrian War of the TBTF plus Saudi Arabia and Israel blow up in their face?

It looks increasingly like the East is now ready to flip the switch on the US Petrodollar, the TBTF, the Western fiat currencies and US treasury bonds and bring the world into the new era of trade and commerce now as conceived by the East.  World trade will then be based on a sane monetary practice, reliance on gold and other hard assets securing trade payments. 

This paradigm shift will prove a one-way ticket much faster to the Third World for Obama’s US economy and much of Europe.

Putin does look steely, unlike Obama.  It is like a gold coin versus a paper dollar.   

Mr. Merrill served in the Navy Judge Advocate General’s Corps and as a Navy Reserve Intelligence Officer.

Mr. Merrill is the editor of the Alaska Freedom News, formerly the Hampton Roads Freedom News

© 2013 Copyright  Stephen Merrill - 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 advisors.


© 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