Thursday, March 28, 2013

FROM MARTIN ARMSTRONG'S BLOG


Russia Calls Surprise Military Exercise

Putin, Vladimir
The European Commission knew what it was doing. It refused to bailout Cyprus because it would be seen as bailing out about $4 billion in Russian deposits. But it had to abandon its sworn policy that there would NEVER be any default in Europe. Guess that was like Bush’s “read my lips – no new taxes” pledge. This goes against everything that was to be the reason to join the Euro. Instead, Cyprus lost its sovereignty and got nothing in return but a death sentence for its economy going forward.
Russian President Vladimir Putin on Thursday ordered a sudden large-scale military drills in southern Russia, with the aim to test combat readiness of the troops. About 7,000 troops were put on alert without early warning. This is clearly a Russian response to the stupid action of the European Commission. It is abundantly clear, Russia could take Europe in a heart beat. It would take more than a month to just agree to disagree.
The timing of this military exercise taking place today UNANNOUNCED is a signal that the European Commission made a stupid choice. The amount of money involved was nothing compared to €300 billion for Spanish banks. Military exercises are the way nations show force. The US does this all the time whenever a nation disagrees. So the action today is a clear indication of the European Commission’s wrong move.

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