– China Sides With Russia On Sanctions; Ambassador Warns “Western Nations Would Be Hurting Themselves” (ZeroHedge, March 7, 2014):
Amid a Russian spokesperson “hoping” tensions do not escalate into a new cold war with the US, China has come out (perhaps unsurprisingly) on Russia’s side strongly condemning any sanctions:
“China has consistently opposed the easy use of sanctions in international relations, or using sanctions as a threat.”
The comments from China’s Foreign Ministry reflect the country’s close ties with Russia and confirm what Russia’s ambassador to Canada noted, we “can always turn to China if the West follows through on threats of tougher sanctions,” adding that “Western countries would largely be hurting themselves if they impose tougher sanctions.”
Some cryptic words this morning:
- WESTERN STATEMENTS ON UKRAINE MAKE US THINK OF TASKS, MEANS AND SACRIFICE THEY ARE WILLING TO MAKE – RUSSIAN FOREIGN MINISTRY
- *PESKOV HOPING FOR COMMON GROUND WITH WEST ON UKRAINE: RIA
- *PUTIN SPOKESMAN DOESN’T SEE NEW COLD WAR, RIA SAYS
Furthermore, as The Globe and Mail reports, it is clear the Russians have a plan…
Russia’s ambassador to Canada says he was surprised no one bothered to speak with him about the crisis in Ukraine before he received a diplomatic dressing-down last Saturday, and added his country can always turn to China if the West follows through on threats of tougher sanctions.
In a wide-ranging interview with The Globe and Mail, Georgiy Mamedov insisted Russia wants to see the crisis in Ukraine resolved peacefully.
And he said Western countries would largely be hurting themselves if they impose tougher sanctions or make good on warnings that they could boot Russia out of the G8.
No kidding the west is hurting itself. The US debt level now equals its income…..leaving no disposable income. The printing party is about over, I put a bunch of numbers on a post here yesterday showing the debt level of many western nations vs Russia. China just tells outright lies, they claim to have a debt level of 7% to GDP, but they lie about everything…..I have read their debt is up to 12X their real GDP. They claim everything they build as GDP, we know they lie about how much they export…..we have caught them several times.
Russia is 36% debt to GDP, the US 99%.
Going after Russia because Putin stopped his warmongering into Syria last year is pathetic. Putin has the people behind him, Obama has lost everyone…..he has burned every group that ever supported him, he has zero credibility……beyond the lies on MSNC.
Anyway, the west is in deep trouble, the EU is in bad shape. Germany, the strong man of Europe has a debt level over 200% of GDP because they believed the nations they bailed out……didn’t realize the depth of their lies about their financial worth. Enron accounting is everywhere.
The west is in trouble, so stir up discord with Russia to blame the next severe downturn upon…….it won’t work. Nobody believes the financial channels that hawk the nonexistent recovery, or the insanely rigged stock market.
In my estimation, the next step will be higher interest rates in the US as well as EU. Desperation for real cash has reached the boiling point.
Only 15% of the US stock market is made up of real investors, the rest is skim and sell high frequency trades. The trust in the dollar is gone, and half the world no longer uses it……the power the US has lost financially because they would not clean up their act after 2007-08 has cost us all our credibility.