David Cameron Authorizes Deployment Of More Forces On Russian Borders

NATO troops on exercises in The baltic states close to Russia's border - and western leaders wonder why the Russians are pissed off? (Image source)

In one of his final acts a Prime Minister, David Cameron has given the go ahead for more British soldiers to be deployed in The Baltic States close to the borders with Russia. The troops who will be working alongside contingents from the USA and other European NATO countries are part of the latest provocation against Russia. The military build up in the Baltic region is ostensibly to counter increasing Russian aggression although as we have reported many times the aggression is coming from NATO and the EU.

Once of the justifications given for this NATO sabre rattling is the annexation by President Putin of Crimea, but that was in response to a CIA engineered coup in Ukraine which replaced a democratically elected government with a US puppet regime. In the wake of this ethnic Russians in Ukraine feared ethnic cleansing by the Ukrain government in Kiev.

Cameron, who was attending a NATO summit in Warsaw, Poland, is expected to make a case against those who doubt London’s commitment’s to the security alliance following the June 23 referendum, when 52 percent of British people voted to leave the EU.

Press TV reports:

Cameron will tell NATO and allied leaders in the summit that Britain is set to deploy 650 more armed forces in the Baltic States—Lithuania, Latvia and Estonia—as well as Poland, to help thwart “Russian aggression,” British media reported Friday.

The outgoing PM, who announced his resignation after failing to prevent a Brexit vote, will also confirm London’s commitment to spending 2 percent of its national income for military purposes.

Speaking before the summit on Thursday, he said the event would act as “a chance for us to reiterate our strong support for Ukraine and our other Eastern allies to deter Russian aggression.”

UK Defense Minister Michael Fallon confirmed the new deployment on Friday, saying that a battalion of 500 soldiers will be stationed in Estonia while another 150 troops will be sent to Poland.

“[Eastern NATO countries] feel enormous pressure from Russia doing large exercises on the border, flying over their airspace and so on,” he said, adding that NATO needs to stand together in the face of Russian President Vladimir Putin’s efforts to force others treat Russia “as the world power it used to be.”

Ties between the West and Russia have been in tatters since the Crimean Peninsula became part of Russia, having been Ukrainian since the 1950s when Ukrain was part of the Soviet Union. The people of Crimea voted to remain Russian in a referendum in March 2014. NATO and the EU had already angered the Russians by breaking a 1991 treaty by admitting former Soviet States. At the time of the Ukrainian coup, the western alliance and the EU had been working on planse to make Ukraine, Georgia and Armenia members with the stated intent of placing missile defence systems around Russia's borders.

In response to US led military provocation Russia and China have played a more subtle game by working together to undermine the status of the US dollar as global recerve currency.

Since the Crimean kerfuffle NATO has cut ties with Russia and has been increasingly deploying troops and equipment on its eastern flank with Russia. The deployment has drawn anger from Moscow, with Russian President Vladimir Putin vowing a firm response to any threat from NATO.


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Secret ECB Docs Warn Of More Financial Mayhem on the Horizon

by Phil T Looker, finance commentator.

A recent agreement between the European Central Bank (ECB) and the central banks of the Eurozone member nations raises the prospect of EU taxpayers being forced to pay for more bailouts, German newspaper Die Welt reports.

 The ECB's publication of its Agreement on Net Financial Assets (ANFA) with the 19 central banks of the Eurozone, which has previously been restricted circulation, raises more questions than it answers, Die Welt reported on Thursday 31 March.

"Under public pressure the ECB released its billion euro agreement at the beginning of February. But what was meant to silence the debate around supposedly prohibited state funding has triggered more debate," Die Welt reported.

This concurs with the views I have expressed in our publications for several years. The global economy is hollow, all major currencies are underwritten by debt, there is no substance to any of the statistics regularly pumped out by governments. Things have become so desperate recently that banks and governments are seriously discussing Negativ Interest Rate Programs (NIRP) a system in which people like you and me, if we are lucky enough to have savings on deposit with banks will, instead of receiving interest on our investment, instead pay the bank for holding our money.

We have already had interest rates held at zero or close to zero for several years. This has failed. Quantitive Easing Printing money) has failed. There is nothing left that they can squeeze.

The ANFA controls the amount of financial assets national central banks of the Eurozone may hold in order to carry service national obligations not directly related to monetary policy, which is controlled at European level by the ECB.

"The ANFA agreement, and particularly the Emergency Liquidity Assistance (ELA) loans can be used to provide loopholes for central banks to rescue banks, for example when some insolvent banks are kept above water by poorly secured emergency loans," Philipp Konig from the German Institute for Economic Research (DIW) told the paper. "These loans are really only supposed to be short-term help for illiquid banks. However, we have seen in both Greece and Ireland that national central banks have considerable leeway."

 Financial expert Daniel Hoffman said that there are currently 346 billion euros ($394 billion) of securities purchases on the balance sheets of national central banks, hiding under nebulous terms like "other securities" or "other assets," beyond the limit specified by the ANFA.

"After the rescue of bankrupt states and the multibillion euro purchase of government bonds, it will be the next taboo in the Euro system," Hoffman warned.

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