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The wisdom of a Russian grandmother: today’s financial bubbles are trouble

With financial uncertainty ahead, good financial advice can come from the unlikeliest of places

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Last February I wrote about an elderly Russian “Znakhar”, which in English would be a person who is a blend of a seer, witch and healer. I run across her in my Moscow neighborhood from time to time and we mostly limit our chats to polite hellos, as metaphysics is not something I hold in high regard. Last year however, she paused and approached me.

“You are that foreigner, no?” I nodded smilingly. “Be ready for very big changes to begin as we approach the middle of this coming March. It is just as well you now live here with us in Russia, you would not want to live elsewhere for a long time to come”.

Curious, I asked what makes her believe that the world outside of Russia will stress out, and why tell me. Not answering directly, she went on to say, “Better you get rid of your “valyuta” (US$/Euros) and turn them into rubles or better still, gold St. George coins. Very big changes are now destined to happen and much will turn upside down, so be ready”. I thanked her for her pithy global commentary and bid her a good day as she shuffled off into the nearby church.

This incident got me thinking a year ago, first why she chose to speak with me and not simply nodded a hello as usual. Secondly, why she chose to deliver her somewhat disturbing opinion to me, “that foreigner”. Since equity and commodity markets are areas where from time to time I am engaged, the first thing that came to mind then was market bubbles… could this uneducated old lady now be analyzing the economic rhythms of the western world, and making her prognosis to me? Furthermore, what elements could be gathering steam now that might prove to be so calamitous? Then thinking… I must be nuts to even dwell on her ramblings.

Since then I have run into her in the local farmers market or simply walking near my home. Today I stopped and chatted since a year had passed since she laid her initial “foreigner” prognosis on me. I asked her “do you still think the world is going to hell in a handbasket?”

She simply looked me in the eye and answered “Most assuredly. The ways of this world are not like a train schedule, nor should you expect them to be. There is no doubt that last winter when we spoke, the changes have begun, and they have been gathering strength. One morning we shall wake up, no doubt surprised that so much has happened and we did not notice the process until it has passed us and we eat its dust”. I thanked her for the wise words and proceeded on my way to the Metro station and my office.

The Russian folklore witch, Baba Yaga

One thing I acknowledge the “Znakhar” does well is that she puts me in a mood to reflect. Undoubtedly we now live in a time when a number of “unquestioned” components of the economic and geopolitical world are under intense re-evaluation; politicians, fake vs. real, the dollar, Euro, central banks, Federal Reserve, QE, ZIRP’s, NIRP’s, Crypto’s, and historically unprecedented debt of all types. Unquestionably a nervous time, and in many ways engendering a Stockholm-like syndrome of denial…. shall we go on as before, what can really happen?

Well, just last week we witnessed rather sudden and sharp global market spasms starting in the US, which may be a prelude to what is likely to repeat. We see interest rates largely rising throughout the world whereas the business culture has grown used to ‘cheap money’ as this past decade’s new normal. Much has been built up on the back of cheap funds and the prospect of paying double or more to settle credits taken is a dismal undertaking. Looking back at rates these past 10+ years, today the downtrend line(s) have been broken, suggesting long-term trend changes.

What has changed in market perception? Following the money is usually a good place to start. One item that sticks out is the interbank lending among US and western banks. Towards the end of 2017 interbank lending sharply dropped. In fact, it dropped to pre-1974 recession levels of approximately $12.7 billion. Since 2008/09 the amount of interbank lending has steadily decreased with the strong possibility that the players were acutely aware of their own, hence their counter-party’s remarkably weak balance sheets.

Whatever the case, the reasons for interbank lending to collapse has two likely reasons, either there is no longer a need for credit, or there is an absence of trust in the interbank lending world. It would seem to me that a lack of trust is the more probable. Remember, the bedrock of fiat currencies is trust.

A further factor to consider is velocity of money. If the markets believe inflation therefore rates are going higher it generates fear or as we used to say “the anxiety quotient”. Fear that financial instruments will be worth less because they are “discounted” against interest rates. There is also the very real anxiety of losses due to bankruptcies whether by an issuer or counterparty. Higher rates also means no more easy ability to refinance or to “roll over” debt”.

It is worth keeping in mind that all fiat currencies are debt based, so the fear factor will be seen expressed not only in the sale of bonds but the underlying currency, be it the US Dollar, Euro, Yen or similar. The velocity of these currencies will turn markedly higher as market participants finally “spend” them to get free of the denominated equities or debt instruments trap.

The markets have changed, and if last week was any indication of things to come it may be only the appetizer. I think most would agree that 2017 and the first month of 2018 were abnormal for equities. Stocks as an asset class were never meant to go straight up without even a smidge of a pullback. That is exactly what happened for an entire year.

What has been the case in the past decade is that the central banks have openly played an unprecedented interventionist role in supporting the commercial markets, some even call this the CB’s ‘Plunge Protection Team’. In the real world, in open markets, when a sell off is in process no investor has the gall, or deep enough pockets to flood markets with buy orders except the central banks, which they quietly did just one week ago. I even heard the term ‘QP’ for Quantitative Propping, no doubt the stepsister of ‘QE’.

Never in history has so much money been magically created in so short a time. The money exists and the corresponding debts are in place which seem to indicate a fertile field for inflation. In simpler financial times when money was linked to gold, we could expect at some point in these current circumstances a massive deflation.

Today however, when gold has been replaced by debt and fiat currencies, the result will again be a deflation but of a different sort. The deflation will be in currencies and credit versus gold. To those holding currencies and debt, it will feel like acute hyperinflation. Assets that derived their value from investors borrowing to purchase will deflate against gold; while quite probably still inflate against struggling fiat currencies.

In closing, I tip my hat to the “Znakhar” if for no other reason than the fact that she got me thinking on the truly interesting times we are living in, and wondering when the much touted inflection point may arrive. She may have the “crystal ball”, but I can do one better by trudging to my local Sberbank (savings bank) branch here and place a ruble order for a gold St. George coin or two, maybe that will help.

Paul Goncharoff is an American business executive working in Russia.

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Persecution of Maria Butina takes a nasty turn

The arrest of Maria Butina, a pro Second Amendment Russian visitor, has been topped by allegations of cruel treatment at American hands.

Seraphim Hanisch

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The Russian News Agency TASS reported Monday August 20, 2018 that Russian citizen Maria Butina has been suffering “inhumane and degrading” treatment. Russian Ombudsperson Tatiana Moskalkova gave the following statement on her website:

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“I would like to express my utmost concern at the actions of US prison authorities during the transfer of Russian citizen Maria Butina from Washington to Alexandria (Virginia State) prison…  There are clear signs of cruel, inhumane and degrading treatment, punishment by the US government and violation of the rules of international law.”

RT also reported on this matter on Sunday, 19 August, noting that the 29 year old Russian gun rights activist was moved to a different prison without warning. The Russian embassy claimed that her new conditions are bordering on torture. The report of her incarceration conditions is frustrating and saddening to read:

The Russian embassy in the US, which has been closely following Butina’s case, says she was transferred from her Washington jail handcuffed, without warning or explanation for the move. Before the move, Butina was subjected to a “degrading full strip search,” and all her things were taken away, including books, shoes, towels and other hygiene items.

Butina was moved to a prison in Alexandria, Virginia, and spent the next 12 hours in a quarantine cell with no food and all the lights on, unable to sleep. She will now be kept in “administrative segregation,”which means locked up in solitary confinement – conditions bordering on torture, the embassy says.

Embassy staff paid an emergency visit to Butina in her new place of detention. They also intend to send another note of official protest to the US Department of State, in addition to the one recently filed over the inhumane treatment of the Russian citizen.

“We have more and more questions to the U.S. justice system,” the embassy says in a Facebook post“Should allegations pressed against Maria before the actual trial condemn her to practices that are slightly below torture? It seems that the reason behind the US decision to withdraw from the UN Human Rights Council was to give the US authorities green light for such provocations.”

The majority of US government agencies have been pursuing an increasingly aggressive stance towards the Russian Federation without any hard evidence for cause for over two years now. In the last week a painful sanctions package was approved which goes into effect on Wednesday this week.

As we have reported at the Duran, this action appears to be serving a dual purpose – to isolate and hurt Russia in her own ability to remain sovereign and not part of the globalist agenda, and at the same time to create a situation through which the removal of US President Donald Trump may be initiated after the midterms in November.

Added to this is the recent arrest and imprisonment of 29-year-old Maria Butina, a Russian political activist who supports a Russian pro-gun group called “Right to Bear Arms.” In this regard, she was a known presence at gun-rights lobbies in the US, where she was living and studying at the American University in Washington, DC.

Her involvement in US politics, notably the National Rifle Association and her alliances with Republicans and conservatives in the US made her a target for accusation as a Russian agent, presumably to further bolster the idea that Trump and by extension, members of the Republican Party at large were in alliance with with the Russians in the like manner as the “election collusion” narrative that has been the dead weight on the Trump presidency since before day one.

Butina is being held on conspiracy charges that would be laughable to even think of any other time.

Like Russiagate, these charges are unsubstantiated.

Like Russiagate, these charges are in reaction to the fact that Mr. Trump won the presidency and not Hillary Clinton.

And, like Russiagate, these charges are a major attempt to cut Russia off from the world, simply because Russia will not play the globalist game. Again here, one need only refer to Vladimir Putin’s speech in Valdai in 2013 to see the battle lines that are drawn.

One can only wonder at the insanity of the American government apparatus and the power that seems to be operating through it. This is not the way the United States used to be.

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All Sanctions Against Russia Are Based on Lies

All of the US sanctions levied against Russia are based on lies and fabrications.

Eric Zuesse

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Eric Zuesse, originally posted at strategic-culture.org:


All of the sanctions (economic, diplomatic, and otherwise) against Russia are based on clearly demonstrable intentional falsehoods; and the sanctions which were announced on August 8th are just the latest example of this consistent tragic fact — a fact which will be proven here, with links to the evidence, so that anyone who reads here can easily see that all of these sanctions are founded on lies against Russia.

The latest of these sanctions were announced on Wednesday August 8th. Reuters headlined “US imposes sanctions on Russia for nerve agent attack in UK” and reported that, “Washington said on Wednesday it would impose fresh sanctions on Russia by the end of August after it determined that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain.” This was supposedly because “Sergei Skripal, a former colonel in Russia’s GRU military intelligence service, and his 33-year-old daughter, Yulia, were found slumped unconscious on a bench in the southern English city of Salisbury in March after a liquid form of the Novichok type of nerve agent was applied to his home’s front door. European countries and the United States expelled 100 Russian diplomats after the attack, in the strongest action by President Donald Trump against Russia since he came to office.”

However, despite intense political pressure that the UK Government and ‘news’media had placed upon the UK’s Porton Down intelligence laboratory to assert that the poison had been made in Russia (labs in several countries including the UK have also manufactured it), the Porton Down lab refused to say this. Though the US Government is acting as ifPorton Down’s statement “determined that Moscow had used a nerve agent,” the actual fact is that Porton Down still refuses to say any such thing, at all — this allegation is merely a fabrication by the US Government, including its allies, UK’s Government and other Governments and their respective propaganda-media. It’s a bald lie.

On March 18th, the great British investigative journalist and former British diplomat Craig Murray had headlined about UK’s Foreign Secretary, “Boris Johnson Issues Completely New Story on Russian Novichoks” and he pointed to the key paragraph in the Porton Down lab’s statement on this matter — a brief one-sentence paragraph:

Look at this paragraph:

“Russia is the official successor state to the USSR. As such, Russia legally took responsibility for ensuring the CWC [Chemical Weapons Convention] applies to all former Soviet Chemical Weapons stocks and facilities.”

It does not need me to point out, that if Porton Down had identified the nerve agent as made in Russia, the FCO [Foreign and Commonwealth Office — UK’s foreign ministry]would not have added that paragraph. Plainly they cannot say it was made in Russia.

Murray’s elliptical report, which unfortunately was unclearly written — it was rushed, in order to be able to published on the same day, March 18th, when the UK’s official response to the Porton Down lab’s analysis was published — was subsequently fully explained on March 23rd at the excellent news-site Off-Guardian, which specializes in investigating and interpreting the news-media (in this case, Craig Murray’s article, and the evidence regarding it); they headlined “Skripal case: ‘closely related agent” claim closely examined’,” and concluded their lengthy and detailed analysis:

In short, the ruling cited above, even if read in the most improbably forgiving way possible, shows the UK government does not have the information to warrant any of the claims it has so far made about Russian state involvement in the alleged poisoning of the Skripals. It shows the UK government is currently guilty of lying to Parliament, to the British people, and to the world.

Nothing has been published further about the Skripal/Novichoks matter since then, except speculation that’s based on the evidence which was discussed in detail in that March 23rdarticle at Off-Guardian.

On the basis of this — merely an open case which has never been examined in more detail than that March 23rd analysis did — the Skripal/Novichok case has been treated by the UK Government, and by the US Government, and by governments which are allied with them, and by their news-media, as if it were instead a closed case, in which what was made public constitutes proof that the Skripals had been poisoned by the Russian Government. On that blatantly fraudulent basis, over a hundred diplomats ended up being expelled.

The Porton Down lab still refuses to say anything that the UK Government can quote as an authority confirming that the Skripals had been poisoned by the Russian Government.

All that’s left of the matter, then, is a cold case of official lies asserting that proof has been presented, when in fact only official lies have been presented to the public.

The UK Government prohibits the Skripals from speaking to the press, and refuses to allow them to communicate even with their family-members. It seems that they’re effectively prisoners of the UK Government — the same Government that claims to be protecting them against Russia.

This is the basis upon which the US State Department, on August 8th, issued the following statement to ‘justify’ its new sanctions:

Imposition of Chemical and Biological Weapons Control and Warfare Elimination Act Sanctions on Russia

Press Statement

Heather Nauert 

Department Spokesperson

Washington, DC

August 8, 2018

Following the use of a “Novichok” nerve agent in an attempt to assassinate UK citizen Sergei Skripal and his daughter Yulia Skripal, the United States, on August 6, 2018, determined under the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act) that the Government of the Russian Federation has used chemical or biological weapons in violation of international law or has used lethal chemical or biological weapons against its own nationals.

Following a 15-day Congressional notification period, these sanctions will take effect upon publication of a notice in the Federal Register, expected on or around August 22, 2018.

US law is supposed to be “innocent until proven guilty” — the opposite of legal systems in which the contrary assumption applies: “guilty until proven innocent.” However, regarding such matters as invading and destroying Iraq in 2003 upon the basis of no authentic evidence; and invading and destroying Libya in 2011 on the basis of no authentic proof of anyone’s guilt; and on the basis of invading and for years trying to destroy Syria on the basis of America’s supporting Al Qaeda in Syria against Syria’s secular government; and on the basis of lying repeatedly against Russia in order to load sanction after sanction upon Russia and to ‘justify’ pouring its missiles and thousands of troops onto and near Russia’s border as if preparing to invade ‘the world’s most aggressive country’ — the US federal Government routinely violates that fundamental supposition of its own legal system (“innocent until proven guilty”), whenever its rulers wish. And yet, it calls itself a ‘democracy’.

Donald Trump constantly says that he seeks improved relations with Russia, but when his own State Department lies like that in order to add yet further to the severe penalties that it had previously placed against Russia for its presumed guilt in the Skripal/Novichok matter, then Trump himself is publicly exposing himself as being a liar about his actual intentions regarding Russia. He, via his Secretary of State Mike Pompeo’s State Department, not only is punishing Russia severely for this unproven allegation, but now adds yet further penalties against Russia for it. Trump is being demanded by the US Congress to do this, but it is his choice whether to go along with that demand or else expose that it’s based on lies. He likes to accuse his opponents of lying, but, quite obviously, the members of Congress who are demanding these hiked rounds of sanctions against Russia are demanding him to do what he actually wants to do — which is now clearly demonstrated to be the exact opposite of exposing those lies. If Trump is moving toward World War III on the basis of lies, then the only way he can stop doing it is by exposing those lies. He’s not even trying to do that.

Nothing is being said in the State Department’s cryptic announcement on August 8th that sets forth any reasonable demand which the US Government is making to the Russian Government, such that, if the reasonable demand becomes fulfilled by Russia’s Government, then the United States Government and its allies will cease and desist their successive, and successively escalating, rounds of punishment against Russia.

Russia is being offered no path to peace, but only the reasonable expectation of escalating lie-based American ‘justifications’ to perpetrate yet more American-and-allied aggressions against Russia.

There have been three prior US excuses for applying prior rounds of sanctions against Russia, and all of them have likewise been based upon lies, and varnished with many layers of overstatements.

First, in 2012, there was the Magnitsky Act, which was based upon frauds (subsequently exposed here and here and here) which assert that Sergei Magnitsky was murdered by the Russian Government. The evidence (as linked-to there) is conclusive that he was not; but the US Government and its allies refuse even to consider it.

Then, in 2014, Crimea broke away from Ukraine and joined the Russian Federation, and the US and its allies allege that this was because Russia under Putin ‘seized’ Crimea from Ukraine, when in fact America under Obama had, just weeks prior to that Crimean breakaway, seized Ukraine and turned it against Russia and against Crimea and the other parts of Ukraine which had voted overwhelmingly for the democratically elected Ukrainian President whom the Obama regime had just overthrown in a bloody coup that had been in the planning ever since at least 2011 inside the Obama Administration. Several rounds of US-and-allied economic sanctions were imposed against Russia for that — for the constant string of lies against Russia, and of constant cover-ups of “the most blatant coup in history,” which had preceded and caused the breakaway.

These lies originated with Obama; and Trump accuses Obama of lying, but not on this, where Obama really did lie, psychopathically. Instead, Trump makes those lies bipartisan. On what counts the most against Obama, Trump seconds the Obama-lies, instead of exposing them. And yet Trump routinely has accused Obama as having lied, even on matters where it’s actually Trump who has been lying about Obama.

Then, there have been the anti-Russia sanctions that are based upon Russiagate and ‘Trump is Putin’s stooge and stole the election.’ That case against Russia has not been proven, and Wikileaks’ founder Julian Assange says that what he had published were leaks from the DNC and Podesta’s computer, not hacks at all; and yet the sanctions were imposed almost as soon as the Democratic Party’s accusations started. Those sanctions, too, are utterly baseless except as being alleged responses to unproven (and likely false) allegations. Furthermore, even in the worst-case scenario: the US Government itself routinely overthrows foreign governments, and continues tapping the phones and electronic communications of foreign governments, and manipulating elections abroad. Even in the worst-case scenario, Russia hasn’t done anything that historians haven’t already proven that the US Government itself routinely does. That’s the case even if Russia is guilty as charged, on all of the U.S-and-allied accusations.

So: Who wants World War III? Apparently, both the Democratic and the Republican Parties do. Obama called Russia the world’s most aggressive nation. Trump joins with him in that bipartisan lie. Outside of America itself, most of the world consider the United States to be actually the “greatest threat to peace in the world today.” Therefore, why isn’t the NATO alliance against America? The NATO alliance is America and most of its vassal-nations: they’re all allied against Russia. Their war against Russia never stopped. That ‘Cold War’ continued, even after the USSR and its communism and its Warsaw Pact mirror-image to NATO, all ended in 1991; and now the intensifying ‘cold war’ threatens to become very hot. All based on lies. But that seems to be the only type of ‘justifications’ the US-and-allied tyrants have got.

Either the lies will stop, or else we all will. Trump, as usual, is on the wrong side of the lies. And he seems to be too much of a coward to oppose them, in these cases, which are the most dangerous lies of all. This is how we could all end. Doing something heroic that would stop it, seems to be way beyond him — he doesn’t even try. That’s the type of cowardice which should be feared, and despised, the most of all. Trump has taken up Obama’s worst, and he runs with it. Trump had promised the opposite, during his Presidential campaign. But this is the reality of Trump — a profoundly filthy liar — at least insofar as he has, thus far, shown himself to be. What he will be in the future is all that remains in question. But this is what he has been, up till now.

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Michael McFaul, what have YOU done to help improve US-Russia relations?

The former US ambassador to Russia has proven to be quite adept at chastising Russia at every turn, even in retirement. But what exactly has McFaul done to create an atmosphere of lasting peace between Moscow and Washington?

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It was the summer of 2013 when I had my first and only encounter with Michael McFaul, then-US Ambassador to Russia. It was a Saturday afternoon, and a black sedan pulled into the parking lot of the prestigious Anglo-American School, a private learning facility located in the outskirts of Moscow where foreign diplomats and corporate executives enroll their kids.

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A burly driver opened the door and into the scorching sun appeared, in all his excellency, Michael McFaul. After exchanging brief pleasantries, the ambassador strolled to the bleachers on the opposite side of the field to await the beginning of a children’s baseball game; a bit of an anticlimactic turn compared to the grand entry. I remember thinking to myself at the time, as he took a seat by himself across the pitch, ‘There goes the loneliest man in the world.’

Sooner than I would have imagined, my impression of the ambassador and his unenviable situation in Russia was confirmed. Several months later, McFaul abruptly resigned from his government post after just two years on the job, returning to the dusty halls of academia from where he had first emerged to work in the Obama administration.

Despite his retirement, and being banned from Russia, McFaul continues to elicit inflammatory opinions on ‘Putin’s Russia’ on a regular basis. Few of these verbal fusillades prove helpful at injecting some semblance of sanity back into the US-Russia relationship.

This week, for example, McFaul went head-to-head against Steven Seagal, the Hollywood actor and martial arts expert who was just appointed as Russia’s ‘special representative on humanitarian relations with the US.’ Seagal’s work includes, among other duties, “promoting bilateral ties in a wide range of fields including culture, art, science, education, sports, public and youth exchanges.”

Considering the basement-level status of the US-Russia relationship, it would seem that any attempt to forge bonds between the two nuclear powers deserves some applause, even if it’s just a polite golf clap. That logic doesn’t apply if you’re Michael McFaul. Following the appointment, McFaul promptly fired up his Twitter account to pedantically slam Seagal for using British spelling as opposed to American while announcing his new post. Our esteemed academic, however, broke the first rule of social-media sparring by failing to ensure that his own tweet was grammatically sound.

In any event, McFaul went on to predict that Seagal would ultimately fail to “achieve any success in improving Russian-American relations,” not only because the Hollywood actor has “almost no influence” in the United States, but because – wait for it – “he has no experience in diplomacy.”

As the attentive reader will recall, the lack of diplomatic credentials was precisely the main argument against McFaul’s two-year stint as US ambassador. Not only was the Stanford professor the first non-career diplomat to serve as US ambassador to Russia, he arrived in Moscow with a rather odd CV, which included a doctorate dissertation devoted to the “theory of revolution in an international context.” To complicate his stay in Russia even more, one of McFaul’s very first orders of business in Moscow was to meet with members of the Russian opposition – and at the very same time street protests and color revolutions were becoming all the rage. How’s that for diplomacy?

The story gets better. Judging by a recent request put forward by Russia’s general prosecutor’s office, in which it specifically named Michael McFaul as a person of interest in the criminal case against Bill Browder, the British financier who is wanted in Russia for illegally moving $1.5 billion out of the country, it would suggest that the ambassador was not limited to just meeting with political agitators. McFaul, however, has denied any wrongdoing.

This was just the later innings, as it were, of what appears to have been a doubleheader the professor was playing. Before being nominated to the position of US ambassador, Michael McFaul was a senior adviser of the Obama administration, where he went on to become the architect of the much-maligned US-Russia ‘Reset.’

You know a program is doomed from the start when not even the US State Department is able to correctly translate the idea into Russian. For a man who is so concerned with proper spelling, you’d think he would have gotten that one right.

Yet it was much more than just poor translating skills that ensured the demise of the ‘Reset;’ the failure was a result of Washington’s absolute refusal to cooperate with Russia on the US missile defense shield in Eastern Europe. Any serious discussion on the US-Russia bilateral relationship is incomplete without mentioning this part of the story.

Initially pledging to “shelve” the brainchild weapon system of the Bush administration (just months after McFaul’s ‘Reset’ is announced in March 2009), the Obama administration shifted gears, telling the world it would opt for a scaled-down version of the system instead, all the while holding out the carrot of cooperation to Moscow.

However, unless the Obama administration committed itself to a real partnership with Russia, McFaul’s ‘Reset’ would have to be interpreted for what it arguably was: an elaborate smokescreen to soften up Moscow into believing the White House had honorable intentions. As events strongly indicate, it did not. Fortunately for Russia, it did not fall for the ruse. It got to work developing ways to balance the military scales that were beginning to dangerously tip due to a US-made weapon system on its very doorstep.

That much was underscored by Vladimir Putin’s recent state of the nation address in which he revealed the introduction of advanced weapon systems that make “obsolete” any missile defense shield in the world. Had the Obama administration not taken a cynical and deceptive approach to its ‘diplomatic’ relations with Russia, as demonstrated by McFaul’s fake ‘Reset,’ the world would not be perched on the precipice of disaster as it is today.

These days, the former US ambassador continues to muddy the bilateral waters, dispatching tirades against Russia via Twitter to his 339,000 followers, many of whom share the same jaded views, which has a tendency to occur whenever ideas are cultivated in an echo chamber.

It may go down as the tragedy of our days that the Obama administration, believing Russia was down for the proverbial count, dispatched to Moscow a non-diplomat at the precise moment when diplomacy between the two nuclear powers was more important than ever. In hindsight, it was a dangerous move on the global chessboard that will have ramifications on international politics for many decades to come. Nevertheless, Russia not only survived the challenge, but it looks quite capable of defending its long-term interests.

It is a regrettable conclusion, but I would argue that Michael McFaul and his colleagues in the Obama administration view Russia’s stunning revival, as witnessed on both the military and economic fronts, as a genuine ‘failure of diplomacy’ on their part. Faced with that sort of cynical, duplicitous approach to Russia, the bilateral relationship needs many more sincere ambassadors of peace, like Steven Seagal, working tirelessly on behalf of friendship between the two countries.

Via RT

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