Obama prepares to cut Putin's cash flow if he doesn't play ball over Ukraine

[uhnope]

Source: India Times

LONDON: The United States is preparing to punish Russia by starving off its access to western credit if President Putin does not meet demands for peace in Ukraine, it has been reported.

The Times reports that senior US officials have drawn up proposals to further close off credit in the West for Russia if the country does not end fighting in Eastern Ukraine.

Mr Putin signed the Minsk agreement in February following 16 hours of talks with the Ukrainian President Petro Poroshenko, French President Francois Hollande and German Chancellor Angela Merkel.

The Minsk agreement involved committing to a number of steps including a ceasefire, withdrawal of all foreign militias from Ukraine, heavy weapons withdrawal and Ukrainian control of the border by the end of this year. President Poroshenko has alleged that Mr Putin has violated this agreement and failed to fulfil promises to move towards ending fighting in the region.

Read more: http://timesofindia.indiatimes.com/world/europe/Obama-prepares-to-cut-Putins-cash-flow-if-he-doesnt-play-ball-over-Ukraine/articleshow/48127073.cms

[cosmicone]

1. Putin will get the money from China

and China will get it from us fair and square by selling junk in Walmart.

[En Garde]

4. China's economy is stagnating and they will also expect quid pro quo.

[cosmicone]

7. China needs oil and is sitting on $1.3 Trillion. n/t

[En Garde]

13. China's debt is growing faster than its economy; spooked international investors caused a recent 30% decline in its stock market

The government was so alarmed that it suspended trading shares to avoid a market crash.
Chinese leaders will hesitate to do anything such as carry more debt that will further destabilize their economy which would cause global markets to react negatively. Yes, they need oil, but their needs are being met at the moment due to their slowing economic growth.

[Adrahil]

5. I'm not so sure about that.

The last time Russia went to China in a show of not needing the west, they didn't get the reception they expected.

[tabasco]

16. LOLOL

Not likely.

[Spitfire of ATJ]

2. Is Obama starting flights to the ISS?

[Sunlei]

3. IS "claimed" a part of Russia last month as their state. The squaters & looters are moving to Russia

[Spitfire of ATJ]

6. By "ISS" I meant the International Space Station....

Russia is currently the only nation capable of manned transport and maintain life support with cargo ships.

Before we "get tough" we need to have an alternative.

[tavernier]

8. Wish there was a way to cut off his

oxygen supply.

What did you think I was going to say?

Yeah, that too.

[freshwest]

11. Well, you're no match for Putin, I tell ya! Lookee here (VIDEO):

Tough-Talking Putin Crafted Image His Way

by Gregory Feifer - May 03, 2008



...The Kremlin has worked hard to build Putin's public image as Russia's virile "national leader" whose authority extends beyond his presidency...

Few people had heard of Vladimir Putin when Russia's then-President Boris Yeltsin appointed him prime minister in 1999. But the stern-faced former KGB officer triggered a love affair with the Russian population — by starting a popular second war in Chechnya later that year...

"If they're in the airport," Putin said, "we'll kill them there ... and excuse me, but if we find them in the toilet, we'll exterminate them in their outhouses."

...Putin has often lost his temper in public. During a 2002 news conference in Brussels, Belgium, the president responded to a question that angered him by inviting a reporter to come to Moscow to be circumcised:

"We have specialists in this question, as well," Putin said. "I'll recommend that he carry out the operation in such a way that nothing will grow back..."

More 'Putinisms' down the page at:

http://www.npr.org/templates/story/story.php?storyId=90083829

http://www.democraticunderground.com/1014767734#post4

The way he has presented himself to the Russian people, with an 80% approval rate at the time this article was written, inspired this popular song video that caused many hearts to *swoon*:

Posted a while back... Thought you might enjoy Vladimir even more, LOL!

[Psephos]

9. Remarkably short-sighted and counterproductive.

Russia and China are leading the effort to establish a non-dollar, alternate international reserve currency global credit system that does not route through US banks. They are sick of being pushed around.

The system is already in place, and gathering momentum. Foolish threats such as this one only hasten the decision of other countries to join.

When the dollar loses reserve currency status, the US will lose extraordinary financial advantages, and the the US will experience painful increases in the price of international goods, starting most dramatically with oil. The economy will contract, a lot of people will be out of work, and US global economic leadership will cease.

[En Garde]

14. China's stock market dropped through the cellar earlier this month

Neither Russia or China is in any credible position to take on the West financially at the moment, so President Obama's threat is a good move.

[Cosmocat]

15. yeah, OK

The major industrialized countries are going to jump ship to get into a reserve system controlled by the Soviets and Chinese ...

THAT seems plausible.

[cosmicone]

17. +1,000,000

People in the US are sometimes so deluded by American exceptionalism and hegemony that they lose sight of how the world sees us.

Already, the foreign countries and banks are fuming about draconian measures and reporting requirements unleashed on them via FATCA and which they openly say are violations of their sovereignty.

An alternate system that doesn't get funds routed through the US is already developing and will be complete by 2020.

[Blue_Tires]

10. Good... Long overdue

[freshwest]

12. Not for the first time, either:

Barack Obama Physically Attacks Vladimir Putin!



"Barack?

You are hurting my hand.

Very much."

(Putin 'welcomes' President Obama to the G20 Summit)

https://twitter.com/TheObamaDiary/status/375614448800497665/photo/1

http://www.democraticunderground.com/110215196