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
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Ukraines Road to War as Crimea Boils Over

Politics / Eastern Europe Feb 28, 2014 - 12:08 PM GMT

By: LewRockwell

Politics

Eric Margolis writes: The surging crisis in Ukraine is a dramatic example of how wars begin. Take arrogance, toxic nationalism, tribalism, moral outrage and profound miscalculation, mix thoroughly, and, voilà !, another great leap forward in the march of human folly.

Russia just mobilized its western regions armed forces, an inevitable response to the growing turmoil in Ukraine. Most westerners are unaware that Ukraine is the cradle of Russian civilization and, when properly run, one of the world’s great producers of grains.


Now that western Ukraine has fallen to anti-Russian, nationalist groups, Russia-oriented eastern Ukraine is also threatening to explode. This nation of 44 million is already de facto split into two parts. How Ukraine’s armed forces respond remains an important question. On Thursday their command vowed to resist any incursion by Russian troops, but loyalties remain uncertain.

Unrest and some violence have now erupted in Crimea. Though 80% ethnic Russian, this highly strategic peninsula was given by the Soviet leadership to the Soviet Ukrainian Republic in 1954. The result, some say, of a grandiose, drunken gesture by Kremlin leader Nikita Khrushchev, a former Ukraine party boss. Back then it mattered little.

Today, Khrushchev’s gift has become a poisoned chalice. On my last assignment in Crimea, it was clear that most of its people desired reunification with Russia.

Equally important, Sevastopol is Russia’s second most important naval base, and its gateway to the Mediterranean.

Adding complexity, Crimea’s remaining Muslim Tatar population is now calling for their own state independent of Russia. Crimea was once primarily Tatar, the descendants of the 13th century Golden Horde of primarily Kipchak Turkic nomads. The Khanate of Crimea lasted five hundred years until crushed by the expanding Russian Empire.

In the 1940’s, under Stalin’s orders, southern Russia’s Muslim peoples suffered a holocaust in which 3 million were murdered by NKVD secret police firing squads or from starvation and disease in the gulag.

Tatars who survived Stalin’s murderous reign, filtered back to Crimea, only to find their homes and land had been seized by ethnic Russians. Tatars remain a partly homeless internal refugee population calling for redress from the uncaring Russian state. Many Tatars want no part of Russia – like their fellow victims of Stalin, the Chechen.

For Russians, Crimea is not only the principal base of the Black Sea Fleet, the peninsula also was the scene of the epic 250-day siege siege of Sevastopol in 1941.

In a brutal battle for the port and rest of Crimea, the Germans employed monster 800mm and 600mm guns against Sevastopol’s forts that fired 6-7 ton shells that had been built to destroy France’s Maginot Line forts. Sailors of Russia’s Black Sea Fleet played a notable role in the defense. Sevastopol was rightly proclaimed a Hero City of the Soviet Union.

Sebastopol has been Russia’s gateway to the south since the days of Catherine the Great. Crimea is renowned for its sweet wines and the historic resort of Yalta where the doddering fool Franklin Roosevelt, surrounded by Soviet spies and hidden microphones, gave half of Europe to the gleeful Stalin.

Crimea was the epicenter of the 1853-1856 Crimean War in which Britain, France and Turkey combined to block Russian expansion into the Balkans. Most famous, of course, was the disastrous charge into the face of massed Russia guns of the British Light Brigade near Balaclava. Just to the south is a remarkable former Cold War Soviet submarine base hewn into a mountain large enough to hold six-eight u-boats.

The Cold War seems to be resuming, at least in Ukraine. Unrest is also brewing in neighboring Belarus, a nasty Stalinist dictatorship closely aligned with Moscow.

The West and Moscow are trading accusation of meddling in Ukraine. In truth, both are busy stirring the pot, a dangerous game that has brought NATO and Russia to the brink of armed confrontation. The neocon Undersecretary of State for Europe, Victoria Nuland, said US has spent $5 billion promoting anti-Russian groups in Ukraine. Chances of a Ukrainian civil war are also rising.

Ukraine is flat broke. Kiev needs at least $35 billion in immediate loans. Russia has withdrawn its offer of $15 billion. Who wants to lend money to a bankrupt, chaotic Ukraine filled with restive, angry people?

Eric Margolis [send him mail] is contributing foreign editor for Sun National Media Canada. He is the author of War at the Top of the World and the new book, American Raj: Liberation or Domination?: Resolving the Conflict Between the West and the Muslim World. See his website.

Copyright © 2014 Eric Margolis

http://www.lewrockwell.com

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