Enforce Cease-Fire Or Not?

Peter's Commentary: The four leaders of Germany, France, Russia and Ukraine talked by phone this Thursday. They condemned the fighting which has broken out during the week and agreed to continue to implement all the measures approved on 12 February in Minsk. However, Bloomberg reports that Germany may be unable to stop weapons being delivered to Ukraine. Karl-Georg Wellmann, a lawmaker in … [Read more...]

Cease-Fire Agreed Over Ukraine

Peter's Commentary: A cease-fire agreement over eastern Ukraine has at last been worked out. It took more than 18 hours of nonstop negotiation. Ukraine's Poroshenko, Russia's Putin, Germany's Merkel and Francois Hollande agreed to a truce that starts at 12 AM on February 15. The US was notably absent from the negotiations. Due to other cease-fires not working in the past, there are doubts … [Read more...]

Greeks Threaten To Use Plan B

Peter's Commentary: The Greeks are pushing hard. They want a new agreement with the euro zone. The Greek Defense Minister Panos Kammenos threatened that they could always look somewhere else for help. "What we want is a deal. But if there is no deal - hopefully (there will be) - and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan … [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...]

Largest Foreign Gold Withdrawals In Over Ten Years

Peter's Commentary: So now we have it officially: 42 tonnes of gold were withdrawn during October according to the NY Fed's monthly reports. According to ZeroHedge, 11/29/2014: A week ago, when we reported that in a stunning move, the "Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed", and when looking at the NY Fed's monthly reports of gold deposits by foreign … [Read more...]

Putin Wants Russia to Sell Energy in Roubles

Peter's Commentary One of the easiest ways for Putin to attack the US is to start selling energy without settling payments in the US dollar. If Russia starts to sell energy without the US dollar being involved, you can expect the US dollar index to drop significantly overnight. Remember that Russia sells gas to a lot of European countries. What if Russia made the transactions in German marks … [Read more...]

Relations thawing between Russia, Germany and France?

Peter's Commentary The article inserted below and a couple of other recent articles are suggestive of progress towards better relations between Russia and other European countries. Russia does have a big stick as it provides natural gas for the region. RIA Novosti, MOSCOW, August 18, 2014 The foreign ministers of Russia, Ukraine, Germany and France have made some progress during … [Read more...]