Posted on 10/13/2014 6:08:02 AM PDT by Enlightened1
While it is beyond a doubt that the primary catalyst for Europe's triple-dip recession has been the nearly two quarters and counting of escalating Russian sanctions that were supposed to solely harm Putin (because who could have possibly foreseen that plunging German exports to Russia would have a far greater impact on the export-driven German economy), the truth is that the Kremlin itself is starting to hurt, if not so much as a result of the European trade embargo but mostly due to crashing oil prices, which have been driven lower almost exclusively by Saudi Arabia as part of its most recent secret bargain with the US, a bargain which as we read today is likely to tear OPEC apart.
(Excerpt) Read more at zerohedge.com ...
Wow...who could have predicted this?
USA and Suafi Arabia agreed to let oil prices continue to drop without lowering production in an attempt to harm Russia.
It will fail
Of course it is China to benefit the most from Sino-Russian rapproachement but I don’t think it is a good news anyway.
On the other hand it seems like reestablishing of Communist rule in Russia is one of the major objectives of Obama’s foreign policy, so among other means, breaking ground for Russia to ally itself with Communist country makes perfect sense on that terms.
I think this developing Russo-Sino alliance is a clear and present danger to the US.
The only problem is that Obama administration is that enabling it. Russia and China were in a state of Cold War for about 50 years.
They had some token military exercises together, backed each other in UN for PR reason but it was meaningless until now.
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