Boggart Abroad: 06/23/15

Tuesday, June 23, 2015

Russia Outmanoeuvres the west again

While mainstream media (and even some of the more rabidly fascistic left wing bloggers) have been trying to demonize Russia as a way of drumming up public sympathy for Barack Obama's efforts to start a shooting war with Moscow, we Boggart Bloggers and our friendses (sorry, been watching The Hobbit with my grandchildren, gollum!) Little Nicky Machiavelli and The Daily Stirrer have been diligently reporting on how Russia and China are quietly winning the real World War Three, the war to replace the US dollar as global reserve currency and end American - European economic dominance.

As the world waits for the outcome of the latest crisis over attempts to resolve the debt problem in Greece and thus hold the Eurozone together, we can claim once again to have been right when months ago we reported the new Greek government, Syriza, would turn to Russia for help in finding a way out of the Euro.

The Independent reports Greek Prime Minister Alexis Tsipras made the coded threat Friday as he shared a platform with Russia's President Vladimir Putin at the St Petersburg Economic Forum, hinting that
Greece would consider a Russian financial lifeline as it looks to find a way out of its crushing debt burden to the European Union (EU).

The revelation came only a day after "cash for reforms” negotiations between Greece and its eurozone creditors collapsed, bringing a catastrophic default on 30 June closer to reality.

Mr Tsipras described Russia as one of "Greece's most important partners” while criticizing the EU sanctions imposed on Russia last year. Choosing words likely to be interpreted as a clear warning to the country's creditors that Greece may look to Russia if the country falls out of the eurozone, Mr Tsipras repeated warnings that his country is looking at all its financial options.

On the back of that report we also learned Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak revealed the pipeline will have a capacity of 47 billion cubic meters a year.

The construction costs are about €2 billion and the parties will sign a roadmap Friday, Novak told RIA at the St. Petersburg Economic Forum.

The Greek extension of the Turkish Stream project is called the South European pipeline in the memorandum signed on Friday, Novak said, adding that the construction will start in 2016 and be completed by 2019.

The two countries will have equal shares in the company, Novak said.Construction of the pipeline in Greece will be financed by Russia, and Athens will return the money afterward.

The Russian shareholder in the joint enterprise will be state-owned Vnesheconombank (VEB), Novak said.

Greek Energy Minister Panagiotis Lafazanis said the Friday meeting was"historical”.

So things are turning out exactly as we said they would. As US/EU global domination plans crush the financial and political sovereignty of smaller nations that get in the way of the globalisation project, Russia and China are making new alliances. The new BRICS bank, the AAIB and other moves show who is winning the currency war.

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