European Countries Fracture Over Ukraine

Peter's Commentary: Europe is no longer following the US's stance regarding Ukraine. NATO Secretary General Stoltenberg stated on Sunday that each NATO country should decide whether to supply weapons to Ukraine. From ZeroHedge, Tyler Durden, February 9, 2015: The headlines are coming thick and fast but most prescient appears to be: Despite John Kerry's denial of any split between … [Read more...]

ECB Takes Hard Line With Greece

Peter's Commentary: The ECB called the Greeks bluff today. From Reuters, Paul Taylor, February 4, 2015 The European Central Bank abruptly canceled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens' central bank to finance its lenders and isolating Greece unless it strikes a new reform deal. The move, which means the Greek central … [Read more...]

Ukraine Heats Up

Peter's Commentary I don't care whether it's Russia or America that is the aggressor, I just wish we could all calm down about the Ukrainian situation. The last thing I want to see is a"hot" Cold War. US Considering Sending Lethal Arms The New York Times reported on Monday that the United States is considering supplying arms and equipment to the Ukrainian Army. This is due to increasing … [Read more...]

How and Why Greece is Bluffing

Are the Greeks really going to do a Grexit (Greek Exit)? I've read several news stories in the last three days about Greece leaving the euro. Also about Russia being prepared to consider lending funds to Greece if asked to do so. However this story makes the most sense. From Sproutmoney.com, February 1. 2015: The new left-wing government hasn’t wasted any time and at a press … [Read more...]

State of Emergency Declared in Eastern Ukraine

Update on the situation in Ukraine: From wsws.org, Niles Williamson, January 27, 2015: Presaging a further escalation of the conflict in Ukraine, Prime Minister Arseniy Yatsenyuk on Monday declared an official state of emergency in the eastern provinces of Donetsk and Luhansk. He also announced that the rest of the country would be placed on high alert. The eastern Donbass strongholds of … [Read more...]

Nuclear War – Warns Gorbachev Over Ukraine

Peter's Commentary Gorbachev, who won a Nobel peace prize, warns that the tensions that have built up between Russia and Europe over the situation in Ukraine, could lead to nuclear war. From Reuters: Erik Kirschbaum, Sam Wilkin, January 9, 2014 "A war of this kind would unavoidably lead to a nuclear war," the 1990 Nobel Peace Prize winner told Der Spiegel news magazine, according to … [Read more...]

Putin: US Will Never Subdue Russia

Peter's Commentary Putin says that the US wants to subdue Russia, but will never succeed. He was speaking to his main support group, the People's Front. Putin at podium Photo: Global Panorama   From Gabriela Baczynska, Reuters, Moscow, Nov 18, 2014: "They do not want to humiliate us, they want to subdue us, solve their problems at our expense,"...and..."No one in history … [Read more...]

Russian Nuclear-Capable Bombers to Patrol Off US Coasts

Peter's Commentary Russia is raising the stakes by restarting patrols off the US coast with nuclear capable Russian bombers. This has not occurred since the end of the cold war. From wsws.org, Nov 14, 2014 As fighting flares again between the NATO-backed regime in Kiev and pro-Russian separatists in eastern Ukraine, Russia announced Wednesday that it is re-starting regular patrols in … [Read more...]

Chinese J-31 5th Generations Fighters to Use Russian Engines

Peter's Commentary China and Russia continue to get closer. Not only are the Russians going to be selling jet engines to China, but Russia must not be so concerned about China copying its technology. From Ria Novosti via defencetalk.com, Thursday Nov 13: A Russian-made RD-93 engine will power the Chinese J-31 fifth generation fighter, Rosoboronexport official told RIA Novosti … [Read more...]

China and Russia Grow Closer

Peter's Commentary There is a definite hardening of attitudes between the West and Russia. Russia is no longer part of the G8 (now the G7). Sanctions have been imposed on Russia by the West. Russia is taking significant steps to become much closer to China. Deals either agreed so far, or being worked on include: An oil pipeline A major seaport An alternative to the SWIFT system for … [Read more...]