Dollar Collapse

Haughty Obama Hits Russia With More Sanctions

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Late Wednesday the pathetic Obama administration fired yet another salvo at the Russian bear showing that they are as determined as ever to provoke a new cold war or maybe even a hot one with a nuclear armed power. Despite warnings from American business groups such as the US Chamber of Commerce and National Association of Manufacturers that the months running dick-measuring contest between El Presidente and Russian leader Vladimir Putin would be harmful to American business the sanctions were leveled anyway. It is obvious that Obama has a huge inferiority complex and his thin-skinned temperament along with a monumental incompetence that is a now apparent to all but the Kool Aid drinking armies of O-Bots and he is now taking a run at the worst president in US history.

The old war criminal and neocon talking point spewing zombie Dick Cheney has remarked in his latest freakish tirade that Obama was “the worst president of my lifetime” although only because he has not militarily occupied the entire Middle East. But when you strip the statement of the reason behind it crazy Dick Cheney is right but it is not for the lack of warmongering but rather for doubling down on Bush-Cheney policies like mass surveillance and covering up torture as well as his regime’s unprecedented free pass to the looters on Wall Street to loot the country with impunity while doing zilch to help the average American. Hell, at least George W. Bush sent everyone $600 which immediately went back into the economy instead of being hoarded by banksters who shower themselves with bonuses for their ongoing rape of the US taxpayer.

Obama’s economic dream team has successfully crushed the middle class into pulp on the verge of eradication and still the money-changers are calling the shots while not one prominent banker responsible for the 2008 economic implosion has gone to prison, Forget that ridiculous and ballyhooed $7 billion settlement with Citigroup over the role of organization in the mortgage securities scam, that is horseshit – Citi’s stock actually went up that day and the people who lost their homes as a result of fraud will get chump change out of it all. The perps all walked – walked away that is with nothing but a mere slap on the back of the wrist by the crooked Eric Holder’s Justice Department. At least the protectors of predatory finance capitalism are still facing some opposition even if it is only symbolic and in the end matters nothing. Democratic party Senator Elizabeth Warren humiliated the stammering mummified creature who is Federal Reserve Chairwoman Janet Yellen, Obama’s latest identity-based appointment. The blog Liberty Blitzkrieg has a great post with a video of the grilling here where Yellen obfuscates in order to avoid having to answer questions on why the too big to fail banks are bigger in 2014 then they were when Lehman Brothers went under.

But back to the sanctions. Having to this point failed to bait Putin into sending the Russian military into Ukraine to stop the US backed ethnic cleansing and murder of anti-Kiev, anti-fascist, anti-austerity rebels where he can then be fully demonized by a corrupt western media machine the Obama regime is fuming. How long can the false narrative be maintained and the truth that America has been funding (although likely indirectly) vicious neo-Nazi militias and murdering mercenaries to put down resistance to their illicit coup d’etat back in February. The fighting against the death squads and military from the US-EU-NATO Axis of Aggression backed Kiev junta continues largely because the eastern Ukranians know that they are inevitably doomed under a pro-Nazi regime led by Porky Poroshenko and his Hitlerian threats of vengeance -“for every life of our servicemen, the rebels will pay with tens and hundreds of their own” and are fighting for their lives. It has all of course been blamed on Putin by a corrupt media propaganda machine – one of the best essays on this sinister disinformation machine comes from a blog by a writer named Vera Graziadei who describes herself as a ‘British Ukranian Russian actress and writer’ and does a masterful job in flaying the lie machine – the piece is entitled “The Cunning Demons of Russian Propaganda, Or What The BBC Forgot To Warn Us About” and is a must read.

It is the entirely false narrative that allows for Obama and his loathsome regime to unnecessarily push the world closer to the brink out of petulance and dear leader’s narcissism. Being punked by Putin over his offer of asylum to NSA whistleblower Edward Snowden and then watching the Russian leader act like an adult by pissing on the parade of their imminent attack on Syria over a bogus sarin gas incident last summer has been a burr up Obama’s ass ever since. The new round of sanctions ups the ante in that – according to The Guardian –  includes: “two major energy firms, a pair of powerful financial institutions, eight weapons firms and four individuals”. Of note is the timing of the announcement – right after the BRICS summit where the developing economic powers continue to work to wrest themselves free from the tractor beam of the US centered financial Death Star.

Putin denounced the latest round of sanctions and warned that they were not in the long term interests of the US corporations operating in Russia – the US Chamber of Commerce gets this too although not Obama – and excerpting from a piece at libertarian financial blog Zero Hedge entitled “Putin Responds: “US Sanctions Will Boomerang And Cause Very Serious Damage”:

It took just a little over an hour for Vladimir Putin to respond to the latest, most provocative and toughest round of US sanctions yet. The response, appropriately enough, came just after the BRICS summit in Brazil, where the world’s developing countries yesterday announced the formation of both a BRIC bank and a $100 billion currency reserve to provide a liquidity alternative to the insolvent developed world’s central banks. Here Vladimir Putin was asked to comment on the new package of sanctions against Russia announced just minutes earlier by Obama.

Putin’s response: “We aren’t the ones introducing sanctions, you should ask them.”

“Sanctions have a boomerang effect and without any doubt they will push U.S.-Russian relations into a dead end, and cause very serious damage, and it undermines the long term security interests of the US State and its people.” he said to reporters while elaborating that said he needed to see the details of the sanctions to understand their full scope Reuters added.

And as was largely expected, Putin’s next jab was right where it hurt: energy.

“This means that U.S. companies willing to work in Russia will lose their competitiveness next to other global energy companies.”

Putin said the sanctions will hurt Exxon Mobil Corp which has been given the opportunity to operate in Russia. “So, do they not want it to work there? They are causing damage to their major energy companies,” he said.

While we don’t know for sure, we are confident that following the press conference Putin sat down with the rest of the BRICS, which command a population of just over 3 billion not to mention the world’s fastest growing economies, and realized that for all the posturing, it is really a game of reserve fiat vs energy, with the US controlling the former, while the BRICS, and especially Russia, dominating the latter. And as long as the BRICS don’t have their own monetary system, they will be reliant on the every swift (pun intended) whim of Janet “price-to-equity ratio” Yellen and her central planning kind.

We are just as confident that he and his peers are currently contemplating how to no longer be bound by the former ever again.

The sanctions are of course idiotic and self-defeating and it really is only a matter of time until the corrupt US based rigged casino is faced with alternatives where the deck isn’t stacked – the only ones who don’t realize this are idiots, narcissists and those who are drunk off the bitches brew of highly distilled American exceptionalism.

 

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