Former Senior Foreign Policy Analyst James Jatras says that imposing further sanctions against Russia by the US could turn a Cold War situation between the two countries into a hot war.
“It is generally expected that President Obama will sign this new law, imposing additional sanctions on Russia and providing for military support to the government in Kiev,” Jatras told Press TV on Tuesday.
“This is a very very bad move. It will close the door on any possible de-escalation of the crisis,” he added.
The analyst made the comments after Congress on Saturday passed the “Ukraine Freedom Support Act.”
The bill aims to put more pressure on Moscow by authorizing more sanctions on weapons companies and investors in its high-tech oil projects and to provide the Kiev government with extra military aid.
On Monday, White House spokesman Josh Earnest said that Obama had not yet decided how to respond to the bill.
Jatras also warned about Washington’s measures against Moscow over the crisis in Ukraine.
“This really runs the risk that what is increasingly a Cold War situation between the United States and Russia could turn into a hot war,” he said.
“The thinking behind this resolution if you want to call it that is the idea that if we can crank up the pressure on Russia and inflict greater harm on Ukrainians… the Russians will back down in a matter that is essential to their national security,” the analyst noted.
Lawmakers in the House of Representatives passed HR 758 this week by a vote of 411-10, in turn approving a bill “strongly condemning the action of the Russian Federation under Pres. Vladimir Putin.” Some in Congress are saying could be the green-light to another cold war, and Ron Paul, a former member of the House of Representatives for Texas, is one of them. Speaking to RT’s Ameera David on Friday, Paul said he wasn’t surprised by the bill’s passage, but doubts many members of Congress bothered to read the act before approving it.
WANT TO SEE WHOM THE “QUEEN BLACK WIDOW” is whom is trying to kill all her “prey”? This is where the the “hidden nest” is folks:
YOU WANT TO SEE EVIL OF ALL EVIL? JOHN BRENNAN.
Look at what that one monster is attempting to do round the Globe:Look at what was found:
WMR has learned that Brennan’s agents inside Saudi Aramco convinced the firm’s management and the Saudi Oil Ministry to begin fracking operations to stimulate production in Saudi Arabia’s oldest oil fields.
By pumping salt water into older wells, some at a depth of 3 to 6 thousand feet, an inordinate amount of pressure was built up.
The CIA’s oil industry implants knew what would occur when the fracking operations began.
Due to the dangerously high water pressure, the Saudis were forced continuously pump oil until the pressure became equalized. That process is continuing.
If the Saudis ceased pumping oil, they would permanently lose the wells to salt water contamination. In the current “pump it or lose it” situation, the Saudis are forced to pump at a rate that may take up to 5 years before they can slow down production rates.
The net result of the CIA-inspired fracking operations, which the Saudis were warned not to pursue by petroleum engineers working for some foreign-based firms like Schlumberger, is that there will be an oil supply glut for the next 5 years.
The glut will be followed by a reduction in Saudi oil production unless new oil fields are brought on line.
There is now a major push by U.S. and Canadian oil companies to bring the Keystone XL pipeline from Canada to the United States to offset the expected sharp rise in oil prices in five years.
The CIA operation to frack Middle Eastern oil fields was not only limited to Saudi Arabia. WMR has learned from oil industry sources that similar fracking caused over production problems in Kuwait and Iraq.
CIA engineered Saudi overproduction by fracking old wells.
The result of the sudden decline in oil prices has resulted in heavy damage to the economies of the CIA-targeted countries of Russia, Iran, and Venezuela.
Brennan and his economic warfare operatives banked on the Saudi over-production to harm the economies of all three countries and the CIA has not been disappointed.
The CIA figures that the governments of Vladimir Putin in Russia, Ayatollah Ali Khamenei in Iran, and Nicolas Maduro in Venezuela will have long since collapsed and been replaced by pro-Western regimes within 5 years.
Already, from his base in Switzerland, exiled Russian tax evader billionaire Mikhail Khodorkovsky has called for Putin’s overthrow and even his assassination.
Meanwhile, the U.S. Congress and the Obama administration have taken cues from the CIA to impose devastating economic sanctions on both Russia and Venezuela.
Similar congressional legislation to increase sanctions on Iran is pending.
Russia has been harmed the most by the CIA’s Saudi oil production scheme.
The Russian ruble fell 56 percent in value against the U.S. dollar while Russian interest rates climbed to 17 percent. The price of shares of Russia’s largest lending bank, Sberbank, fell 18 percent.
Although the Russian economic collapse has resulted in financial ripples around the world, with Austrian and French banks losing their stock values and the value of the Polish zloty and Hungarian forint falling against the dollar, the Obama administration says that there will be no easing on economic sanctions imposed on Russia over Ukraine.
Obama has put the investments of American holders of Russian bonds in dire jeopardy.
The Pacific Investment Management Company’s (PEBIX) Emerging Markets Bond Fund, which holds over $800 million in Russian bonds, has lost almost 8 percent in value in the past few weeks.
Russian Central Bank vice chairman Sergei Shvetsov said, “What is happening is a nightmare that we could not even have imagined a year ago.”
Meanwhile, basic staples in Venezuela, including cooking oil, rice, and corn flour, are becoming hard to obtain.
The U.S. dollar has jumped 1700 percent in value against the Venezuelan bolivar on the black market.
The CIA is using the financial collapse to push for an undemocratic overthrow of the Venezuelan government.
Iran, which has been under punitive Western economic sanctions for a number of years over its nuclear power program, is probably best able to weather the storm.
Iran has built up a rather impressive domestic food production, telecommunications, and oil industry infrastructure to survive the sanctions.
However, Iranian President Hassan Rouhani appears very aware of the Saudi role in the conspiracy to drive down oil prices.
Rouhani recently said, “The main reason for [the oil price plunge] is [a] political conspiracy by certain countries against the interest of the region and the Islamic world and it is only in the interest of some other countries . . . Iran and people of the region will not forget such conspiracies, or in other words, treachery against the interests of the Muslim world.”
Brennan’s and the CIA’s industrial sabotage of the Saudi and other Middle East oil industries will continue to have far-reaching effects on the world economy.
Oil industry insiders fear that the CIA has unleashed something that may deal a devastating blow to the global economy.
NOW THE SECOND REPORT:
Free Fall of the Ruble – A brilliant ploy of Russian economic Wizards? Who’s chess game?
The world is still hell-bent for hydrocarbon-based energy. Russia is the world’s largest producer of energy. Russia has recently announced that in the future she will no longer trade energy in US dollars, but in rubles and currencies of the trading partners.
In fact, this rule will apply to all trading.
Russia and China are detaching their economies from that of the West. To confirm this decision, in July 2014 Russia’s Gazprom concluded a 400 billion gas deal with China, and in November this year they signed an additional slightly smaller contract – all to be nominated in rubles and yuan.
The remaining BRICS – Brazil, India and South Africa – plus the members of the Shanghai Cooperation Organization (SCO) – China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan, Uzbekistan and considered for membership since September 2014 are also India, Pakistan, Afghanistan, Iran and Mongolia, with Turkey also waiting in the wings – will also trade in their local currencies, detached from the dollar-based western casino scheme.
A host of other nations increasingly weary of the decay of the western financial system which they are locked into are just waiting for a new monetary scheme to emerge.
So far their governments may have been afraid of the emperor’s wrath – but gradually they are seeing the light.
They are sensing the sham and weakness behind Obama’s boisterous noise. They don’t want to be sucked into the black hole, when the casino goes down the drain.
To punish Russia for Ukraine, Obama is about to sign into law major new sanctions against Russia, following Congress’s unanimous passing of a recent motion to this effect. – That is what the MSM would like you to believe.
It is amazing that ten months after the Washington instigated Maidan slaughter and coup where a Washington selected Nazi Government was put in place, the MSM still lies high about the origins of this government and the massacres it is committing in the eastern Ukraine Donbass area.
Congress’s unanimity – what Congress and what unanimity? – Out of 425 lawmakers, only 3 were present for the vote http://www.informationclearinghouse.info/article40489.htm.
The others may have already taken off for their year-end recess, or simply were ‘ashamed’ or rather afraid to object to the bill.
As a matter of fact, of the three who were present to vote, two at first objected.
Only after a bit of arm-twisting and what not, they were willing to say yes. This is how the ‘unanimous’ vote came to be, as trumpeted by the MSM – unanimous by three votes!
The public at large is duped again into believing what is not.
What new sanctions does this repeatedly propagated bill entail? – It addresses mostly Russian energy companies and defense industry with regard to sales to Syria, as well more anti-Russia propaganda and ‘democratization’ programs in Ukraine – and Russia; all countries with the objective for regime change.
How do these sanctions affect Russia, especially since all Russian energy sales are no longer dollar denominated? – Sheer propaganda.
The naked emperor once more is calling an unsubstantiated bluff. To show his western stooges who is in power. It’s an ever weaker showoff.
Now – as a consequence of declining oil prices and of western ‘sanctions’ – of course, what else? – Russia’s economy is suffering and the ruble is in free fall. Since the beginning of the year it lost about 60%; last week alone 20%.
As a result and after serious consideration, says MSM, the Russian Central Bank decided a few days ago to increase the interest of reference from 10.5% to 17% to make the ruble more attractive for foreign investors. It worked only for a few hours. Raising the interbank interest was Putin’s reply to Obama’s bluff – feeding at the same time western illusion about Russia’s decline.
The propaganda drums tell you Russia is helpless because the world has lost the last bit of confidence in President Putin – of course. Regime change is on the agenda.
Mr. Putin must be blamed as the culprit, hoping to discredit him with his people.
He is leading Russia into a deep recession; the worst since the collapse of the Soviet Union.
The mainstream media show you interviews with average mainstreet Russians saying they have lost all their savings, their salaries and pensions are worth nothing anymore and they don’t know how to survive this coming calamity.
In reality, at least 80% of the Russian population stands solidly behind Vladimir Putin.
He has brought them universal education, health care and fixed infrastructure that was decaying after the fall of the Soviet Union.
President Putin is literally revered as a hero by the vast majority of Russians – including the country’s oligarchy.
In fact, nobody in the western economic system these days is dealing in rubles.
In short-sighted connivance with Washington, the treasuries of the western vassals are releasing their ruble reserves – which Russia does not buy, thereby flooding the market.
Russia not only has large dollar reserves, plus the ruble is backed by gold, a fact consistently omitted in the MSM.
For now, Russia prefers to let the ruble plummet.
Under another ‘arrangement’ by bully Obama, Middle Eastern oil producing puppets like Saudi Arabia and the Gulf States are overproducing and flooding the market with petrol and gas, thereby driving the price down to the ostensible detriment of Russia and Venezuela, both countries where Washington vies for regime change.
A double whammy thinks Washington, buying kudos with the stooges. The sheiks that control their energy output apparently have been promised enough goodies from Washington to bite the bullet and take their own losses.
Russia needs rubles. That’s her currency.
That is the currency Russia needs for future trading – detached from the western monetary system.
When Russia deems that her currency has reached rock-bottom, she will buy back cheap rubles in the market with massive amounts of dollars.
Russia may then flood the western market – with dollars, and by now we know what that does to a currency – and simultaneously buy back rubles from the West.
A brilliant move to reestablish Russia’s currency in a new emerging monetary system – which Europe would be welcome to join, but willingly, no by Washington style arm-twisting.
Is this another precursor to war?
A nuclear confrontation or Cold War II? – Precursor to a false flag attempting Moscow to fall into the trap? – Not necessarily.
Russia is playing a clever chess game, diplomacy at its best.
Instead of sabre rattling – Russia is coin rattling. It might lead to a western financial fiasco early in 2015 for the dollar and euro denominated economies. And the winner is…?