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...]

More Gold Purchases By Russia

The rumors about Russia selling its gold to help support its currency, the Ruble, were wrong. Instead of selling, they have been buying. From ZeroHedge.com, Tyler Durden, January 18, 2015: Indeed, Russian gold reserves rose by their largest amount in six months in December to just over $46 billion (near the highest since April 2013). It appears all the "Russia is selling" chatter … [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...]

US Dollar – Best Currency of 2014

Peter's Commentary: The US Dollar performs as the world's best currency during 2014. Not what I expected to happen at the beginning of 2014. From Bloomberg, Andrea Wong, December 27, 2014 Dollar stages historic 2014 rally as all top peers become losers. In contrast, the Fed ended its bond-buying under the quantitative-easing strategy in October and Chair Janet Yellen indicated after a … [Read more...]

Russia Bought 18 Tons Gold In November

Peter's Commentary: Russia did not sell Gold in November 2014. Russia bought gold. From www.BullionStar.com, Koos Jansen, December 19, 2014 There are rumors doing the rounds that Russia is selling gold. My first reaction to this news was that is contradictory to what Putin stands for. Russia has been the most openly aggressive buyer of gold in the past years and Putin never made it … [Read more...]

Russian Banks Test New Payment System

Peter's Commentary Russia is testing a new payment system that will replace the International Swift system currently used for all international monetary transfers. This new system will stop Russia's reliance on a western system and having sanctions imposed. From RT.com, December 8, 2014: Russia’s Rossiya and SMP banks, which fell under Western sanctions, are among the eight lenders … [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 Oil Sold To China Using Renminbi

Peter's Commentary There is a pronounced trend by Russia to receive payments in alternative currencies rather than the US Dollar. Direct transactions using Russian and Chinese currencies rose from $307 million in September, to  $5.2 billion in October. That's a large and fast increase.   Photo: Eric Mueller  From UPI.com, Ed Adamczyk, Nov 14, 2014: Russian President … [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...]