Submitted by William Engdahl via New Eastern Outlook,
Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy.
Some thoughts on what lies ahead while President Obama jawbones... (grab a glass of wine or bottle)
Submitted by David Haggith via The Great Recession blog,
Eric Zuesse, originally posted at strategic-culture.org
How Corrupt The U.S. Is: An Extraordinary Example
As China expands its military and economic influence in Africa, the United States should feel “very nervous,” according to journalist James Poulos. China is planning to build a military base on the horn of Africa in Djibouti. It could be the first step toward Beijing’s deeper involvement with the continent. Sputnik reports: Last year, China began talks with Djibouti to install a “logistics hub” and airfield in the east African nation.
Back in November 2009, knowing he had both the inside track and the final decision on US energy policy under his crony president Obama, Warren Buffett acquired the 77% of the Burlington Northern (aka BNSF) Railroad he did not own for one simple reason: realizing he could pressure the "progressive president" Obama to curb all pipeline progress, confirmed recently with the terminal failure of TransCanada's Keystone XL pipeline, Buffett would be ahead of everyone by controlling one of the key actors among "the New US Petroleum Pipelines." The "pipelines" in question were shown in the following