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NO SOONER SAID THAN DONE: RUSSIA OFFERING FINANCIAL ASSISTANCE TO ...

Sometimes I am dumbfounded at how fast my ad hoc, hack-from-South-Dakota speculative predictions seem to hit the news almost as fast as I can comment about them. In this case, I just recorded a News and Views from the Nefarium this last Thursday, on the Greek elections, and what some of their implications may be.  I called those implications the "Thermopylae-Salamis Moment" for Greece and the EU. In that News and Views, I offered the opinion, seemingly backed up by statements from the new Greek government, that they would be attending the new EU economic conference, asking that its creditors take a hair cut. I also offered the speculation that this was the public position, and that, should Ms. Merkel....er... the EU... not go along, that Greece would have a fall-back position.

And that fall-back position would be Russia.

No sooner had I managed to post that News and Views than I checked my email inbox, and many people had sent me versions of this story (and the people sending them would have had to have sent them prior to my posting the News and Views where I offered those analyses and opinions. This one from Zero Hedge will do as well as any:

Putin Pivots Back: Russia Confirms Willingness To Provide Financial Aid To Greece

This short article says it all(and I'm citing the whole thing):

"We suggested the Greek pivot from Europe to Russia was building previously, and now, we get confirmation from Russia's finance minister Anton Siluanov that the pivot could be mutual, who told CNBC in the interview below:

  • *RUSSIA WOULD WEIGH FINANCE FOR GREECE IF ASKED, SILUANOV: CNBC

"With fire and brimstone spewing from Germany over the potential for Greece to veto any and everything, it seems Russia may just have stymied Europe's leverage over the newly democratic nation.

* * *

"Recall that a German central banker warned of dire problems should the new government call the country's aid program into question, jeopardizing funding for the banks.

"'That would have fatal consequences for Greece’s financial system. Greek banks would then lose their access to central bank money,' Bundesbank board member Joachim Nagel told Handelsblatt newspaper.

"Well, maybe...

"'Unless of course Greece finds a new, alternative source of funding, one that has nothing to do with the establishmentarian IMF, whose "bailouts" are merely a smokescreen to implement pro-western policies and to allow the rapid liquidation of any "bailed out" society.

"'An alternative such as the BRIC Bank for example. Recall that the "BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

"It appears, in Russia, Greece has found another possible friend...

"Siluanov: "'f such a petition [for financial aid] is submitted to The Russian Government, we will definitely consider it.'" (All emphases in the original)

Now what's going on here? Well, for one thing, if my News and Views speculations, and comments about the concurrent story run by CNN(SeeNoNews), that Greece was becoming a prime hub for terrorist cells, then what's going on would seem to be very clear. For one thing, as I put it in the News and Views, are there terrorist cells in Greece? Well, probably. The real question is not that there are or are not such cells, but rather why the West, through one of its principal controlled lamestream media outlets, would run such a story so closely after the Greek elections. And the answer is rather apparent: like President Hollande of France, Greece is being warned that they will experience "terrorism" if they move away from the "line" that the apparatchiks in London, Wall Street, and Washington are putting out: buckle to austerity, allow us to liquidate your country and seize its assets, continue sanctions against Russia, and above all, don't leave the EU or NATO. (Methinks all that Gas between Greece and Turkey has something to do with this).

But now it seems clear that this potential Russia-ward pivot by Greece was in the cards long before, which makes the CNN "terrorism" story all the more significant, for it could be taken as an indicator that there was prior intelligence on just such a possibility, and that Greece "had to be warned."

So what's likely to happen? Greece may or may not gain all the haircut it wishes during the coming conference. I suspect that it won't. The real question, however, is not that, but rather, what it spells for the long-term situation in Europe as a whole, for the Greek situation is going to be keenly watched by Rome and Madrid, the two largest southern European economies, with Spain in particular suffering the consequences of similarly profligate governments in its past as has Greece. The long term result of such austerity policies as are being advocated by Frau Bundeskanzler, and her bankers, is the potential revolt of the southern European countries, beginning with Greece. And that spells a problem for the NATO alliance as well. In the short term, the West will pressure Greece, perhaps staging "messages" such as were staged for M. Hollande in Paris.

But eventually, such behavior will only make all of Europe question the utility of its alliance with the USA and its  - well, let's be blunt - out of control and counter-intuitive foreign policy. The pattern is becoming clearer with almost every week's news: we have seen the spate of German ministers at that country's federal cabinate level making curious statements that on balance question the utility of its pro-Atlanticist policies. Think only of last year's statements of Defense Minister von der Leyen, of Foreign Minister Steinmeir, or (my personal favorite), Interior Minister Thomas de Maziere. Then we have the rise of a robust anti-EU movement in Italy.  The growing disconent in Spain with its massive youth unemployment. Then we had M. Hollande very explicitly calling for an end to the sanctions regime against Russia. Now we have a new Greek government.

And now we have Russia... "if they ask, we'll help, we'll talk."

That's a long term trend folks, and it's not going to go away.

See you on the flip side...

 

18 thoughts on “ NO SOONER SAID THAN DONE: RUSSIA OFFERING FINANCIAL ASSISTANCE TO ...”

  1. Having lived in Athens for a while it seems Greeks will always be Greeks,that is living under english domination but trying to be crafty about it. Me thinks the new government is trying to stratigize a way out of their financial doom with playing the Russian card to get germany to ease the financial arm twisting thats been going on. The ruling Greek leadership(those connected to the puppet constantine) will never allow such an alliance and would rather sacrifice Greece to the dominions of Turkey than see her grow beyond their influence and control. Greece is a plucky little country for sure but no match for the royal houses of europe’s machinations. Poor souls.

  2. I may have been a servicemem- errr victim of government policy in the US, but I still find it almost impossible to believe that all of this ‘angering’ of our allies via our financial decisions is really based on blindness and ineptitude. It is just too illogical for the US to be treating her allies the way she has been lately, without having something very hidden and very important, and ultimately very useful to the US, going on behind the scenes as the motivation for such seemingly horrible foreign policies. The question is, what exactly is going on to make the US so stubborn and in the short term seem so stupid?

  3. As far as Spain goes, Podemos party will sweep through the elections and will ride out on the back of Syrizas achievements. It might be easier in so far às all illegitimate Debt that can and must be repudiated sits in the balance sheets of Spanish banks in the form of Treasury bills which are no more than bank recapitalization bailout bonds…. banks will have to be nationalized just as GM was. Thereafter, debt issued after 2008 to pay for interest and principal redemptions must be simply given junior kindergarden status while servicing only debt held by domestic pension funds and newly issued bonds sold after the cleanup. Prior to 2008, Spain enjoyed budget surpluses since the launch of the Euro. Austerity was introduced to bail out banks and its creditors.

  4. What is so intensely interesting in the new Greece government is thier intense dislike of Germany, of the EU and the USSA, of the whole Central Bank=Golden Sacks=Zio-Terror Ponzi Scheme that is so overtly overplaying its hand, and above all, their extreme sang froid.

    This is not your average Greek government. They remind me of Castro in 1959. Here we have a set of shrewd, bold and supremely p-o’ed people running Greece, and they know that they hold veto power over any meaningful decision taken by the EU because of the unanimity requirement in their charter. In other words, these guys are playing the spoilers, and they are very angry indeed at how their country has been thrown under the bus by Goldman, Germany and the EU.

    They can and doubtless will cause total havoc inside the EU until either Greece is either bought off or tossed out. Either way, Germany must pay up for all the largesse it’s been reaping from playing Europe like a fiddle this past decade. And Greece will once again be a sovereign state.

  5. Greece like Kiev is important to Russia it’s the motherland of the Russian Orthodox Church and Culture and written language. And Greece’s ports could give Russia access to the Mediterranean Sea. Maybe it can help Greece free itself from the Northern Western European loan sharks.

  6. This was quite easy to see coming, but we are I think all surprised at how Greece has not emerged now at the center of the battle for civilization.

    It was Webster Tarpley’s networks that had influence on Syriza coming together with the programmatic, mass traction, economic demand that it did. No to Austerity!

    This is the exact opposite of the phoney ‘Occupy’ which was pre-programmed to hijack any movement for real demands.

    The United Front Against Austerity and the Tax Wall Street Party are the American reflection of an attempt to unify people like Syriza around
    a real program, in the revival of the New Deal and American System of Political Economy against the financial oligarchy.

    Also note that the new Greek Government is against the Chinese privatization of the vital port of Piraeus. That they should do this would be extremely important.

    We can win the fight for civilization, by calling for economic demands as one can see with the UFAA and Tax Wall Street programs.

    1% Wall Street Sales Tax-make Wall Street pay
    Parity for Raw Materials and Labor
    Federalize the Federal Reserve- Direct money issued for improvements in
    physical economy.
    Revive Glass-Steagall

  7. The old days of capitalism & socialism transformed in a media: White Hats(capitalism) vs. Black Hats(socialism). The Western media of today still paints socialism in a corner with a dunce cap. Yet the West’s neoliberalism is starting to take on the Black Hat image with the passage of time and their policy effects. Despite the West’s continued attempts to paint neoliberalism as the white hat cavalry the rescue. Now Russia is starting to take on that cavalry of white hats to the rescue despite the vast propaganda to paint it black.
    As the financiers of the West put a gun to Greece’s head, one can’t help put see the U.S. Congress and the Gun put to their head to sign over $750 billion dollars[in reality tens of trillions].
    The terror bogey man is starting; also, to take on the paint of a red, white, and blue – way too close association.

  8. The problem is that German (not EU) banks are the big sinners in Greece, and a lot of German industrial companies were bribing Greek government officials to buy preposterous amounts of German tech–including something like 6 subs.

    I’m sure various US ibanks profited from this accounting fraud too. But Washington isn’t real in the mix there.

  9. Playing the terrorism card against countries that don’t wish to stay with the status quo is fraught with danger. France may have been a coincidence but if it happens in Greece then people will very quickly start making connections.

    Maybe what needs to happen is that some of these elites/bankster/unelected bureaucrat class in Brussels et al need to start getting ‘whacked’. That would certainly put the cat amongst the pidgeons (as we say in this neck of the woods). If I was a Prime Minister or a President and they did that in my country that’s what would start happening to them lol 🙂

    1. I honestly don’t think anyone should stoop down to their level or play their violent, immoral game. Wacking people, terrorist or false flags attacks none of it. Take the high ground, call a spade a spade, we can’t let the world turn into nwo 2.0. Now maybe this is wishful thinking, maybe it’s not realistic, but maybe that’s the lesson we’re all suppose to learn here.

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