Best of the Week
Most Popular
1. Will Gold Price Breakout? 3 Things to Watch… - Jordan_Roy_Byrne
2.China Invades Saudi Oil Realm: PetroDollar Kill - Jim_Willie_CB
3.Bitcoin Price Trend Forecast, Paypal FUD Fake Cryptocurrency Warning - Nadeem_Walayat
4.The Stock Market Trend is Your Friend ’til the Very End - Rambus_Chartology
5.This Isn’t Your Grandfather’s (1960s) Inflation Scare - F_F_Wiley
6.GDX Gold Mining Stocks Fundamentals - Zeal_LLC
7.US Housing Real Estate Market and Banking Pressures Are Building - Chris_Vermeulen
8.Return of Stock Market Volatility Amidst Political Chaos and Uncertain Economy - Buildadv
9.Can Bitcoin Price Rally Continue After Paypal Fake FUD Attack? - Nadeem_Walayat
10.Warning Economic Implosion on the Horizon - Chris_Vermeulen
Last 7 days
How Long Does it take for a 10%+ Stock Market Correction to Make New Highs - 21st Apr 18
Sheffield Ruling Labour Party Could Lose 10 Council Seats at May Local Elections - 21st Apr 18
Crude Oil Price Trend Forecast - Saudi Arabia $80 ARAMCO Stock IPO Target - 21st Apr 18
Gold Price Nearing Bull Market Breakout, Stocks to Follow - 20th Apr 18
What’s Bitcoin Really Worth? - 20th Apr 18
Stock Market May "Let Go" - 20th Apr 18
Overwhelming Evidence Against Near Stock Market Grand Supercycle Top - 20th Apr 18
Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - 20th Apr 18
The Incredible Silver Trade – What You Need to Know - 20th Apr 18
Is War "Hell" for the Stock Market? - 19th Apr 18
Palladium Bullion Surges 17% In 9 Days On Russian Supply Concerns - 19th Apr 18
Breadth Study Suggests that Stock Market Bottom is Already In - 19th Apr 18
Allegory Regarding Investment Decisions Made On Basis Of Government’s Income Statement, Balance Sheet - 19th Apr 18
Gold – A Unique Repeat of the 2007 and How to Profit - 19th Apr 18
Abbeydale Park Rise Cherry Tree's in Blossom - Sheffield Street Tree Protests - 19th Apr 18
The Stock Market “Turn of the Month Effect” Exists in 11 of 11 Countries - 18th Apr 18
Winter is Coming - Coming Storms Will Bring Out the Best and Worst in Humanity - 18th Apr 18
What Does it Take to Create Living Wage Jobs? - 18th Apr 18
Gold and Silver Buy Signals - 18th Apr 18
WINTER IS COMING - The Ongoing Fourth Turning Crisis Part2 - 18th Apr 18
A Stock Market Rally on Low Volume is NOT Bearish - 17th Apr 18
Three Gold Charts, One Big Gold Stocks Opportunity - 17th Apr 18
Crude Oil Price As Bullish as it Seems? - 17th Apr 18
A Good Time to Buy Facebook? - 17th Apr 18
THE Financial Crisis Acronym of 2008 is Sounding Another Alarm - 16th Apr 18
Bombs, Missiles and War – What to Expect Next from the Stock Market - 16th Apr 18
Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold - 16th Apr 18
Will Bitcoin Ever Recover? - 16th Apr 18
Stock Market Futures Bounce, But Stopped at Trendline - 16th Apr 18
How To Profit As Oil Prices Explode - 16th Apr 18
Junior Mining Stocks are Close to Breaking Downtrend - 16th Apr 18
Look Inside a Caravan at UK Holiday Park for Summer 2018 - Hoseasons Cayton Bay Sea Side - 16th Apr 18
Stock Market More Weakness? How Much? - 15th Apr 18
Time for the Gold Bulls to Show their Mettle - 15th Apr 18
Trading Markets Amid Sound of Wars - 15th Apr 18
Sugar Commodity Buying Levels Analysis - 14th Apr 18
The Oil Trade May Be Coming Alive - 14th Apr 18

Market Oracle FREE Newsletter

Trading Lessons

Lost Plane MH370 and the Crimea Triangle

Politics / GeoPolitics Mar 17, 2014 - 03:02 PM GMT

By: Raul_I_Meijer

Politics

It’s somehow eerily comforting to know that an entire Boeing 777 plane can completely disappear from everybody’s view, leading to an area from Kazachstan to Australia now being searched, in the days when it’s become common knowledge that the NSA and its global sister organizations track billions of phone calls and internet communications on a daily basis.


Still, much as the idea is appealing, it’s so comfortably comforting that the little man inside doesn’t quite know what to believe. Did the Bermuda triangle just get a hundred times bigger in this age where communication got a thousand times better than in the days where ships would vanish in the triangle? The sheer number of different theories alone for what happened to the plane that have been offered in the reality TV mood media have become so over the top we can’t help wondering what on earth (or beyond) we’re witnessing here. Really, high tech in 2014 means all those Asian guys we see on TV with binoculars peering through airplane windows staring at waves looking for debris that might as well be 5000 miles away? That’s all we got?

And for all we can see, we might as well be watching the birth of a Crimea Triangle as well. What one side deems illegal, the other says is in full accordance with international law and UN. And vice versa.

What occurred to me is that the Ukraine situation, if anything, would seem to call for a government of national unity, the best option to keep tensions and differences from flaring up. And I knew that there had been talk of such a government, so I backtracked a bit:

• November 2013 : Yanukovych rejects EU/US deal, accepts Russian alternative. Maidan protests start. Presumably Yanukovych only turned to Russia after EU/US proposals for financial support and the carrot of EU membership proved much less attractive than what Putin offered. One gets the impression that perhaps EU/US overplayed their hand.

• Friday February 21 : “Peace Deal” agreed between Yanukovych, the opposition (Yatsenyuk, Klitschko, Svoboda Party’s Oleh Tyahnybok), and the foreign ministers of Poland, Germany and France, that strongly limits democratically elected Yanukovych’ powers.

Interestingly, an AP report that day said Leonid Slutsky, a Russian legislator who oversees relations with ex-Soviet states, told reporters the deal is “entirely in the interests of the United States and other powers, who want to split Ukraine from Russia.”

• Saturday February 22 : Yanukovych flees, fearing for his life (any comments ever from EU people?). Parliament speaker Oleksander Turchinov is appointed temporary leader. He announces a vote on a national unity government to take place Tuesday, February 25.

• Sunday February 23 : The Ukrainian parliament on February 23 declared the law on the basic principles of the government’s language policy void. Speaker Turchinov vetoed that decision, but the intentions were revealed and the harm done: Russian speaking people in Ukraine were now convinced that their rights would be trampled.

• Tuesday February 25 : Parliament delays national unity vote. Speaker Turchinov says it’ll take place “later this week”, and cites “dangerous signs of separatism”.

• Thursday February 27 : The national unity vote has disappeared. Yatsenyuk is appointed PM, and a new government installed. “Yats” in his first speech announce Ukraine will turn into Greece: “The treasury is empty. We will do everything not to default. If we get the financial support from the IMF, the U.S., we will do it. I’m going to be the most unpopular prime minister in the history of my country,” he said. “But this is the only solution. I would never promise any kind of huge achievements. First and the most important issue is to stabilize the situation.”

It’s perhaps good to note that everyone seems to agree that “Yats” would have had no chance of being elected PM, simply because he isn’t a very popular man in Ukraine. So the question remains, no matter what else happens, how “Yats” got the job. We know US kingmakers Victoria Nuland and Geoffrey Pyatt favored him for the job.

But even more interesting is the question what happened to the parliamentary vote for a national unity government. On Saturday 22 it was announced for Tuesday 25. On that day is was delayed until “later this week”, but a mere 2 days later it had vanished and a government was installed that was heavily stacked in favor of western Ukraine and the West in general.

And when as a reaction to that the majority Russian speaking Crimea announces a ballot to decide its own fate, it’s immediately declared against international law despite the UN-declared right to self-determination for every people.

Right wing ultranationalist leader Dmitry Yarosh’s threat to destroy Ukraine pipelines to deprive Russia of gas export income, is the essence of both what the whole conflict is about, and of where it’s going to go. The only things Putin ever wanted from Ukraine was peace for its Russian population and uninterrupted access to the pipelines (for which Ukraine was aptly rewarded). If that access comes under threat, Russia is not going to sit still.

Combine that knowledge with the fast depleting physical and monetary resources and political prowess of western major oil companies, and you get an idea of what lies under the surface of the soon to be announced sanctions against Russian diplomats, politicians and oligarchs, which will be followed by Russian sanctions against those same western major oil companies. Shell and Exxon are more than willing to shed blood to maintain their nevertheless inevitably declining positions in the world. And their governments are more than willing to help them, because oil is power, and less oil is less power, something politicians are allergic to, on both sides of the divide.

The west seems to have ignored to what extent Russia has prepared for all this. Putin et al. have always detested the way Boris Yeltsin sold out to western interests, giving away oil assets to oligarchs and Big Oil and letting Ukraine go, and have been acutely aware that EU/US would at some point try to obtain more power and more resources on Russia’s doorstep. None of this should have been a surprise to anyone.

Looking through the media, which more and more approach the level of pure propaganda, it becomes clear what it is that disappears in the Crimea Triangle; it’s not ships, it’s the truth.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

© 2014 Copyright Raul I Meijer - 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.
Raul Ilargi Meijer Archive

© 2005-2018 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

6 Critical Money Making Rules