July 21st, 2015

Perhaps This Is Obama’s Grand Strategy

By Eric Zuesse Global Research, July 21, 2015

Washingtonsblog’s anonymous founder and principal commentator is one of the most deeply knowledgeable writers on current events, and on July 19th he headlined “Governments Worldwide Will Crash the First Week of October … According to 2 Financial Forecasters.” He noted that both Martin Armstrong and Larry Edelson, two of the most respected stock-market predictors, are independently of each other predicting that “virtually all governments worldwide will be hit with a gigantic economic crisis in the first week of October 2015,” due to “a collapse of government solvency” as ricocheting government defaults spiral each other downward; and, because the U.S. won’t be forced to crash as quickly as Europe and Japan, there will then be a temporary worldwide rush into U.S. corporate stocks and bonds, especially stocks, as the short-term safe haven for investors fleeing from sovereign (government) bonds.

The next day, July 20th, Michael Meier’s German Economic News bannered “Clear Signs of Relaxation Between Obama and Putin,” and reported: “The nuclear deal with Iran and the withdrawal of heavy weapons by the rebels in the eastern Ukraine are clear signs of a détente between Russia and the US. The EU now needs to quickly develop their own strategy. Otherwise, the Europeans will have to pay for the chaos in Ukraine.” The article continues, addressing Europeans:

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