Monday, April 21, 2014

We Are The Idiots, Not Putin

Russian President Vladimir Putin (RIA Novosti/Aleksey Nikolskyi)

Putin Isn’t a Genius — We Are Complete Idiots -- David Goldbloom, PJ Media

Vladimir Putin happily allowed the Kiev authorities to shoot a few pro-Russian demonstrators while keeping his military forces on ice across the border. I predicted (and am sticking to my story) that Russia will not seize more territory in Eastern Ukraine–not for the time being, in any case. Russia will stand back and watch Ukraine implode, the way Egypt did during the two years following the overthrow of Hosni Mubarak. Before the Maidan coup, Putin was willing to sit on $15 billion in arrears to Gazprom and put up $18 billion in new money. Now he wants $35 billion in back gas bills, on top of Ukraine’s $15 billion a year current account deficit. The IMF wants massive cuts in subsidies, which will make the Kiev government an object of hatred without putting a dent into the problem. Western taxpayers won’t cough up $50 billion for Ukraine, not even a small fraction of it.

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My Comment: I could not have said this any better.

1 comment:

Unknown said...

And we like to think that we know everything. Bravo Putin, bravo!